| ITR Stock | | | CAD 1.33 0.05 3.62% |
Integra Resources financial indicator trend analysis is infinitely more than just investigating Integra Resources Corp recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Integra Resources Corp is a good investment. Please check the relationship between Integra Resources Total Stockholder Equity and its Accounts Payable accounts. Check out
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Integra Resources 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 Stockholder Equity vs Accounts Payable
Total Stockholder Equity vs Accounts Payable Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Integra Resources Corp Total Stockholder Equity account and
Accounts Payable. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Integra Resources' Total Stockholder Equity and Accounts Payable is 0.88. Overlapping area represents the amount of variation of Total Stockholder Equity that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of Integra Resources Corp, assuming nothing else is changed. The correlation between historical values of Integra Resources' Total Stockholder Equity and Accounts Payable 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 Stockholder Equity of Integra Resources Corp are associated (or correlated) with its Accounts Payable. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Accounts Payable has no effect on the direction of Total Stockholder Equity i.e., Integra Resources' Total Stockholder Equity and Accounts Payable go up and down completely randomly.
Correlation Coefficient | 0.88 |
| Relationship Direction | Positive |
| Relationship Strength | Strong |
Total Stockholder Equity
The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.
Accounts Payable
An accounting item on the balance sheet that represents Integra Resources obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Integra Resources Corp are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.
Most indicators from Integra Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Integra Resources 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 Integra Resources 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, Integra Resources'
Selling General Administrative is fairly stable compared to the past year.
Enterprise Value is likely to climb to about 36.9
M in 2024, whereas
Issuance Of Capital Stock is likely to drop slightly above 16.9
M in 2024.
Integra Resources fundamental ratios Correlations
Click cells to compare fundamentals
Integra Resources Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Integra Resources fundamental ratios Accounts
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Additional Tools for Integra Stock Analysis
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