Itech Cash And Short Term Investments vs Net Working Capital Analysis

ITM Stock

0.05 0 1.89%

Itech Minerals financial indicator trend analysis is infinitely more than just investigating Itech Minerals recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Itech Minerals is a good investment. Please check the relationship between Itech Minerals Cash And Short Term Investments and its Net Working Capital accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Itech Minerals. 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.

Cash And Short Term Investments vs Net Working Capital

Cash And Short Term Investments vs Net Working Capital Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Itech Minerals Cash And Short Term Investments account and Net Working Capital. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Itech Minerals' Cash And Short Term Investments and Net Working Capital is 0.51. Overlapping area represents the amount of variation of Cash And Short Term Investments that can explain the historical movement of Net Working Capital in the same time period over historical financial statements of Itech Minerals, assuming nothing else is changed. The correlation between historical values of Itech Minerals' Cash And Short Term Investments and Net Working Capital is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash And Short Term Investments of Itech Minerals are associated (or correlated) with its Net Working Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Working Capital has no effect on the direction of Cash And Short Term Investments i.e., Itech Minerals' Cash And Short Term Investments and Net Working Capital go up and down completely randomly.

Correlation Coefficient

0.51

Relationship Direction	Positive
Relationship Strength	Weak

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Cash And Short Term Investments

Short Term Investments is an account in the current assets section of Itech Minerals balance sheet. This account contains Itech Minerals investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Itech Minerals 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.

Net Working Capital

Most indicators from Itech Minerals' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Itech Minerals 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 Itech Minerals. 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.

Selling General Administrative is likely to drop to about 498.6 K in 2024. Issuance Of Capital Stock is likely to drop to about 5.4 M in 2024

	2010	2022	2023	2024 (projected)
Interest Income	3.9K	151.7K	174.4K	183.2K
Net Interest Income	3.9K	151.7K	174.4K	183.2K

Interest Income Net Interest Income

Itech Minerals fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Tangible Assets	Net Debt	Retained Earnings	Accounts Payable	Cash	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Other Current Assets	Total Liab	Total Current Assets	Common Stock	Short Long Term Debt Total	Property Plant And Equipment Net	Non Current Assets Total	Non Current Liabilities Total	Capital Lease Obligations	Inventory	Net Invested Capital	Property Plant And Equipment Gross	Capital Stock	Net Working Capital
Total Assets		0.94	0.99	1.0	0.99	-0.81	-0.92	0.96	0.81	0.81	0.9	0.84	-0.97	0.99	0.88	1.0	-0.86	-0.22	0.81	-0.87	-0.87	-0.87	0.85	0.84	0.85	0.86
Other Current Liab	0.94		0.96	0.94	0.93	-0.83	-0.87	0.88	0.83	0.83	0.98	0.85	-0.98	0.94	0.89	0.94	-0.94	-0.44	0.8	-0.9	-0.93	-0.95	0.87	0.86	0.88	0.89
Total Current Liabilities	0.99	0.96		0.99	0.97	-0.86	-0.89	0.97	0.86	0.86	0.91	0.8	-0.97	1.0	0.93	0.99	-0.87	-0.34	0.76	-0.84	-0.86	-0.87	0.81	0.8	0.81	0.82
Total Stockholder Equity	1.0	0.94	0.99		0.99	-0.8	-0.92	0.96	0.81	0.81	0.9	0.84	-0.97	0.99	0.87	1.0	-0.86	-0.22	0.81	-0.87	-0.88	-0.88	0.85	0.84	0.85	0.86
Net Tangible Assets	0.99	0.93	0.97	0.99		-0.76	-0.92	0.93	0.77	0.77	0.91	0.85	-0.96	0.97	0.82	0.99	-0.84	-0.14	0.84	-0.88	-0.88	-0.87	0.88	0.87	0.88	0.89
Net Debt	-0.81	-0.83	-0.86	-0.8	-0.76		0.53	-0.88	-1.0	-1.0	-0.71	-0.43	0.75	-0.87	-0.96	-0.79	0.61	0.68	-0.35	0.52	0.56	0.61	-0.48	-0.45	-0.48	-0.51
Retained Earnings	-0.92	-0.87	-0.89	-0.92	-0.92	0.53		-0.82	-0.53	-0.53	-0.89	-0.97	0.94	-0.88	-0.68	-0.93	0.92	0.0	-0.96	0.96	0.94	0.93	-0.93	-0.94	-0.93	-0.92
Accounts Payable	0.96	0.88	0.97	0.96	0.93	-0.88	-0.82		0.88	0.88	0.79	0.68	-0.89	0.99	0.94	0.95	-0.76	-0.33	0.64	-0.72	-0.73	-0.75	0.68	0.67	0.68	0.69
Cash	0.81	0.83	0.86	0.81	0.77	-1.0	-0.53	0.88		1.0	0.71	0.43	-0.75	0.87	0.96	0.79	-0.6	-0.66	0.36	-0.51	-0.56	-0.6	0.48	0.45	0.49	0.51
Cash And Short Term Investments	0.81	0.83	0.86	0.81	0.77	-1.0	-0.53	0.88	1.0		0.71	0.43	-0.75	0.87	0.96	0.79	-0.6	-0.66	0.36	-0.51	-0.56	-0.6	0.48	0.45	0.49	0.51
Net Receivables	0.9	0.98	0.91	0.9	0.91	-0.71	-0.89	0.79	0.71	0.71		0.91	-0.97	0.88	0.78	0.91	-0.96	-0.33	0.87	-0.96	-0.97	-0.98	0.94	0.93	0.94	0.96
Common Stock Shares Outstanding	0.84	0.85	0.8	0.84	0.85	-0.43	-0.97	0.68	0.43	0.43	0.91		-0.92	0.78	0.57	0.85	-0.95	0.02	0.99	-0.99	-0.98	-0.96	0.98	0.98	0.98	0.97
Other Current Assets	-0.97	-0.98	-0.97	-0.97	-0.96	0.75	0.94	-0.89	-0.75	-0.75	-0.97	-0.92		-0.95	-0.84	-0.97	0.96	0.28	-0.88	0.95	0.96	0.96	-0.92	-0.91	-0.92	-0.93
Total Liab	0.99	0.94	1.0	0.99	0.97	-0.87	-0.88	0.99	0.87	0.87	0.88	0.78	-0.95		0.93	0.99	-0.84	-0.33	0.74	-0.82	-0.83	-0.85	0.78	0.77	0.79	0.8
Total Current Assets	0.88	0.89	0.93	0.87	0.82	-0.96	-0.68	0.94	0.96	0.96	0.78	0.57	-0.84	0.93		0.86	-0.74	-0.63	0.49	-0.64	-0.67	-0.73	0.57	0.55	0.57	0.59
Common Stock	1.0	0.94	0.99	1.0	0.99	-0.79	-0.93	0.95	0.79	0.79	0.91	0.85	-0.97	0.99	0.86		-0.87	-0.2	0.83	-0.88	-0.89	-0.88	0.86	0.86	0.87	0.87
Short Long Term Debt Total	-0.86	-0.94	-0.87	-0.86	-0.84	0.61	0.92	-0.76	-0.6	-0.6	-0.96	-0.95	0.96	-0.84	-0.74	-0.87		0.3	-0.9	0.97	0.98	1.0	-0.92	-0.91	-0.92	-0.93
Property Plant And Equipment Net	-0.22	-0.44	-0.34	-0.22	-0.14	0.68	0.0	-0.33	-0.66	-0.66	-0.33	0.02	0.28	-0.33	-0.63	-0.2	0.3		0.13	0.1	0.16	0.27	0.0	0.03	-0.01	-0.05
Non Current Assets Total	0.81	0.8	0.76	0.81	0.84	-0.35	-0.96	0.64	0.36	0.36	0.87	0.99	-0.88	0.74	0.49	0.83	-0.9	0.13		-0.97	-0.96	-0.92	0.98	0.98	0.97	0.96
Non Current Liabilities Total	-0.87	-0.9	-0.84	-0.87	-0.88	0.52	0.96	-0.72	-0.51	-0.51	-0.96	-0.99	0.95	-0.82	-0.64	-0.88	0.97	0.1	-0.97		1.0	0.98	-0.99	-0.98	-0.99	-0.99
Capital Lease Obligations	-0.87	-0.93	-0.86	-0.88	-0.88	0.56	0.94	-0.73	-0.56	-0.56	-0.97	-0.98	0.96	-0.83	-0.67	-0.89	0.98	0.16	-0.96	1.0		0.99	-0.98	-0.98	-0.98	-0.98
Inventory	-0.87	-0.95	-0.87	-0.88	-0.87	0.61	0.93	-0.75	-0.6	-0.6	-0.98	-0.96	0.96	-0.85	-0.73	-0.88	1.0	0.27	-0.92	0.98	0.99		-0.95	-0.94	-0.95	-0.96
Net Invested Capital	0.85	0.87	0.81	0.85	0.88	-0.48	-0.93	0.68	0.48	0.48	0.94	0.98	-0.92	0.78	0.57	0.86	-0.92	0.0	0.98	-0.99	-0.98	-0.95		1.0	1.0	1.0
Property Plant And Equipment Gross	0.84	0.86	0.8	0.84	0.87	-0.45	-0.94	0.67	0.45	0.45	0.93	0.98	-0.91	0.77	0.55	0.86	-0.91	0.03	0.98	-0.98	-0.98	-0.94	1.0		1.0	1.0
Capital Stock	0.85	0.88	0.81	0.85	0.88	-0.48	-0.93	0.68	0.49	0.49	0.94	0.98	-0.92	0.79	0.57	0.87	-0.92	-0.01	0.97	-0.99	-0.98	-0.95	1.0	1.0		1.0
Net Working Capital	0.86	0.89	0.82	0.86	0.89	-0.51	-0.92	0.69	0.51	0.51	0.96	0.97	-0.93	0.8	0.59	0.87	-0.93	-0.05	0.96	-0.99	-0.98	-0.96	1.0	1.0	1.0

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Itech Cash And Short Term Investments vs Net Working Capital Analysis

Cash And Short Term Investments vs Net Working Capital

Cash And Short Term Investments vs Net Working Capital Correlation Analysis

Correlation Coefficient

Cash And Short Term Investments

Net Working Capital

Itech Minerals fundamental ratios Correlations

Itech Minerals Account Relationship Matchups

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Total Stockholder Equity	+ 1.0	Total Assets
Common Stock	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Current Liabilities
Common Stock	+ 1.0	Total Stockholder Equity
Cash And Short Term Investments	+ 1.0	Cash
Inventory	+ 1.0	Short Long Term Debt Total

Cash And Short Term Investments	- 1.0	Net Debt
Cash	- 1.0	Net Debt
Net Working Capital	- 0.99	Non Current Liabilities Total
Capital Stock	- 0.99	Non Current Liabilities Total
Net Invested Capital	- 0.99	Non Current Liabilities Total
Non Current Liabilities Total	- 0.99	Common Stock Shares Outstanding