Independence Total Current Assets vs Cash And Short Term Investments Analysis

IGO Stock

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Independence Gold financial indicator trend analysis is infinitely more than just investigating Independence Gold Corp recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Independence Gold Corp is a good investment. Please check the relationship between Independence Gold Total Current Assets and its Cash And Short Term Investments accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Independence Gold Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Total Current Assets vs Cash And Short Term Investments

Total Current Assets vs Cash And Short Term Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Independence Gold Corp Total Current Assets account and Cash And Short Term Investments. At this time, the significance of the direction appears to have totally related.

The correlation between Independence Gold's Total Current Assets and Cash And Short Term Investments is 1.0. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Cash And Short Term Investments in the same time period over historical financial statements of Independence Gold Corp, assuming nothing else is changed. The correlation between historical values of Independence Gold's Total Current Assets and Cash And Short Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Current Assets of Independence Gold Corp are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Total Current Assets i.e., Independence Gold's Total Current Assets and Cash And Short Term Investments go up and down completely randomly.

Correlation Coefficient

1.0

Relationship Direction	Positive
Relationship Strength	Very Strong

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Total Current Assets

The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.

Cash And Short Term Investments

Short Term Investments is an account in the current assets section of Independence Gold Corp balance sheet. This account contains Independence Gold investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Independence Gold Corp fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.

Most indicators from Independence Gold's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Independence Gold Corp current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Independence Gold Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

At this time, Independence Gold's Issuance Of Capital Stock is fairly stable compared to the past year. Enterprise Value is likely to climb to about 32.4 M in 2024, whereas Selling General Administrative is likely to drop slightly above 728.5 K in 2024.

	2021	2022	2023	2024 (projected)
Depreciation And Amortization	99.1K	95.8K	98.8K	98.0K
Interest Income	2.9K	2.2K	2.6K	2.5K

Depreciation And Amortization Interest Income

Independence Gold fundamental ratios Correlations

	Total Assets	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Short Term Investments	Non Current Liabilities Total	Other Stockholder Equity	Total Liab	Total Current Assets	Total Current Liabilities	Accounts Payable	Other Current Liab	Net Tangible Assets	Non Currrent Assets Other	Other Assets	Other Current Assets	Common Stock	Property Plant Equipment	Net Invested Capital	Net Working Capital
Total Assets		1.0	0.89	-0.81	0.94	0.79	0.89	0.95	0.74	-0.79	0.51	0.19	0.76	0.14	0.95	0.68	0.79	-0.5	0.91	-0.12	-0.67	0.38	-0.76	0.82	0.78	0.54
Total Stockholder Equity	1.0		0.9	-0.8	0.94	0.78	0.89	0.94	0.72	-0.8	0.53	0.16	0.77	0.08	0.94	0.64	0.76	-0.51	0.92	-0.1	-0.66	0.35	-0.78	0.83	0.8	0.55
Property Plant And Equipment Net	0.89	0.9		-0.52	0.93	0.51	1.0	0.7	0.54	-0.85	0.54	0.03	0.7	-0.04	0.7	0.41	0.53	-0.54	0.92	-0.1	-0.69	0.21	-0.9	0.99	0.94	0.4
Net Debt	-0.81	-0.8	-0.52		-0.65	-1.0	-0.52	-0.9	-0.88	0.54	-0.01	-0.57	-0.51	-0.33	-0.91	-0.81	-0.85	0.23	-0.55	0.11	0.44	-0.58	0.35	-0.4	-0.36	-0.42
Retained Earnings	0.94	0.94	0.93	-0.65		0.64	0.93	0.82	0.62	-0.94	0.58	0.05	0.76	-0.03	0.82	0.52	0.64	-0.72	0.98	-0.25	-0.68	0.3	-0.91	0.89	0.88	0.44
Cash	0.79	0.78	0.51	-1.0	0.64		0.5	0.88	0.88	-0.55	-0.02	0.61	0.48	0.37	0.89	0.83	0.85	-0.24	0.53	-0.16	-0.46	0.6	-0.34	0.38	0.34	0.38
Non Current Assets Total	0.89	0.89	1.0	-0.52	0.93	0.5		0.69	0.54	-0.85	0.54	0.02	0.71	-0.05	0.69	0.4	0.52	-0.54	0.92	-0.09	-0.69	0.2	-0.9	0.99	0.94	0.41
Cash And Short Term Investments	0.95	0.94	0.7	-0.9	0.82	0.88	0.69		0.75	-0.65	0.45	0.27	0.69	0.24	1.0	0.78	0.87	-0.4	0.78	-0.13	-0.57	0.45	-0.57	0.6	0.57	0.56
Net Receivables	0.74	0.72	0.54	-0.88	0.62	0.88	0.54	0.75		-0.58	-0.06	0.54	0.58	0.31	0.77	0.77	0.81	-0.26	0.51	0.1	-0.26	0.4	-0.38	0.43	0.43	0.38
Common Stock Shares Outstanding	-0.79	-0.8	-0.85	0.54	-0.94	-0.55	-0.85	-0.65	-0.58		-0.42	-0.13	-0.64	0.05	-0.65	-0.41	-0.51	0.81	-0.9	0.39	0.65	-0.26	0.9	-0.83	-0.82	-0.25
Short Term Investments	0.51	0.53	0.54	-0.01	0.58	-0.02	0.54	0.45	-0.06	-0.42		-0.59	0.58	-0.2	0.43	0.1	0.23	-0.51	0.69	-0.06	-0.37	-0.15	-0.61	0.57	0.61	0.47
Non Current Liabilities Total	0.19	0.16	0.03	-0.57	0.05	0.61	0.02	0.27	0.54	-0.13	-0.59		-0.16	0.64	0.29	0.52	0.42	0.1	-0.1	-0.33	-0.3	0.44	0.11	-0.07	-0.21	-0.31
Other Stockholder Equity	0.76	0.77	0.7	-0.51	0.76	0.48	0.71	0.69	0.58	-0.64	0.58	-0.16		-0.12	0.69	0.4	0.52	-0.52	0.8	0.15	-0.4	0.22	-0.63	0.68	0.71	0.56
Total Liab	0.14	0.08	-0.04	-0.33	-0.03	0.37	-0.05	0.24	0.31	0.05	-0.2	0.64	-0.12		0.24	0.73	0.6	0.16	-0.12	-0.26	-0.24	0.57	0.21	-0.13	-0.24	-0.22
Total Current Assets	0.95	0.94	0.7	-0.91	0.82	0.89	0.69	1.0	0.77	-0.65	0.43	0.29	0.69	0.24		0.79	0.88	-0.4	0.77	-0.12	-0.57	0.46	-0.57	0.59	0.57	0.56
Total Current Liabilities	0.68	0.64	0.41	-0.81	0.52	0.83	0.4	0.78	0.77	-0.41	0.1	0.52	0.4	0.73	0.79		0.98	-0.18	0.41	-0.14	-0.36	0.65	-0.22	0.27	0.24	0.27
Accounts Payable	0.79	0.76	0.53	-0.85	0.64	0.85	0.52	0.87	0.81	-0.51	0.23	0.42	0.52	0.6	0.88	0.98		-0.28	0.55	-0.11	-0.41	0.59	-0.36	0.4	0.36	0.35
Other Current Liab	-0.5	-0.51	-0.54	0.23	-0.72	-0.24	-0.54	-0.4	-0.26	0.81	-0.51	0.1	-0.52	0.16	-0.4	-0.18	-0.28		-0.71	0.56	0.51	-0.11	0.76	-0.54	-0.55	-0.02
Net Tangible Assets	0.91	0.92	0.92	-0.55	0.98	0.53	0.92	0.78	0.51	-0.9	0.69	-0.1	0.8	-0.12	0.77	0.41	0.55	-0.71		-0.21	-0.68	0.22	-0.9	0.9	0.92	0.53
Non Currrent Assets Other	-0.12	-0.1	-0.1	0.11	-0.25	-0.16	-0.09	-0.13	0.1	0.39	-0.06	-0.33	0.15	-0.26	-0.12	-0.14	-0.11	0.56	-0.21		0.64	-0.32	0.3	-0.08	0.03	0.41
Other Assets	-0.67	-0.66	-0.69	0.44	-0.68	-0.46	-0.69	-0.57	-0.26	0.65	-0.37	-0.3	-0.4	-0.24	-0.57	-0.36	-0.41	0.51	-0.68	0.64		-0.33	0.65	-0.67	-0.53	-0.05
Other Current Assets	0.38	0.35	0.21	-0.58	0.3	0.6	0.2	0.45	0.4	-0.26	-0.15	0.44	0.22	0.57	0.46	0.65	0.59	-0.11	0.22	-0.32	-0.33		-0.09	0.12	0.03	-0.02
Common Stock	-0.76	-0.78	-0.9	0.35	-0.91	-0.34	-0.9	-0.57	-0.38	0.9	-0.61	0.11	-0.63	0.21	-0.57	-0.22	-0.36	0.76	-0.9	0.3	0.65	-0.09		-0.92	-0.86	-0.22
Property Plant Equipment	0.82	0.83	0.99	-0.4	0.89	0.38	0.99	0.6	0.43	-0.83	0.57	-0.07	0.68	-0.13	0.59	0.27	0.4	-0.54	0.9	-0.08	-0.67	0.12	-0.92		0.96	0.38
Net Invested Capital	0.78	0.8	0.94	-0.36	0.88	0.34	0.94	0.57	0.43	-0.82	0.61	-0.21	0.71	-0.24	0.57	0.24	0.36	-0.55	0.92	0.03	-0.53	0.03	-0.86	0.96		0.56
Net Working Capital	0.54	0.55	0.4	-0.42	0.44	0.38	0.41	0.56	0.38	-0.25	0.47	-0.31	0.56	-0.22	0.56	0.27	0.35	-0.02	0.53	0.41	-0.05	-0.02	-0.22	0.38	0.56

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Independence Gold Account Relationship Matchups

Independence Gold fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	12.4M	14.4M	7.0M	6.5M	8.5M	13.1M
Total Stockholder Equity	11.4M	13.3M	6.2M	5.7M	7.6M	12.6M
Property Plant And Equipment Net	11.5M	11.3M	4.9M	4.8M	4.6M	8.5M
Net Debt	183.6K	(2.0M)	(1.4M)	(1.0M)	(3.2M)	(3.3M)
Retained Earnings	(24.6M)	(25.7M)	(34.6M)	(36.6M)	(40.4M)	(38.4M)
Cash	721.7K	2.8M	2.0M	1.6M	3.6M	2.7M
Non Current Assets Total	11.5M	11.4M	4.9M	4.8M	4.8M	8.6M
Cash And Short Term Investments	846.1K	2.9M	2.0M	1.6M	3.6M	4.4M
Net Receivables	53.9K	97.2K	75.3K	20.0K	76.0K	129.7K
Common Stock Shares Outstanding	56.2M	66.1M	88.6M	104.4M	138.7M	145.6M
Short Term Investments	124.4K	132.5K	57.8K	12.3K	22.0K	20.9K
Liabilities And Stockholders Equity	12.4M	14.4M	7.0M	6.5M	8.5M	13.1M
Non Current Liabilities Total	781.0K	670.4K	509.8K	420.8K	310.1K	451.3K
Other Stockholder Equity	454.8K	1.2M	1.2M	1.0M	925.1K	878.8K
Total Liab	1.1M	1.1M	787.8K	749.4K	866.3K	669.4K
Total Current Assets	900.0K	3.0M	2.1M	1.6M	3.7M	4.5M
Total Current Liabilities	269.7K	398.3K	277.9K	328.6K	556.2K	281.2K
Accounts Payable	15.9K	91.0K	47.3K	96.7K	243.9K	170.8K
Accumulated Other Comprehensive Income	454.8K	1.2M	1.2M	1.0M	1.6M	840.2K
Net Tangible Assets	11.4M	13.3M	6.2M	5.7M	5.1M	4.9M
Non Currrent Assets Other	70.7K	55.2K	39.3K	39.3K	154.7K	162.5K
Other Assets	127.2K	111.3K	151.3K	154.7K	178.0K	152.9K
Common Stock	35.5M	37.9M	39.6M	41.2M	46.4M	40.6M
Property Plant Equipment	11.4M	11.2M	4.8M	4.7M	4.2M	8.3M
Net Invested Capital	11.4M	13.3M	6.2M	5.7M	7.6M	8.2M
Net Working Capital	630.3K	2.6M	1.8M	1.3M	3.2M	2.3M
Capital Stock	35.5M	37.9M	39.6M	41.2M	46.4M	43.3M

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