K92 Total Current Assets vs Non Current Assets Total Analysis
KNT Stock | CAD 9.74 0.13 1.35% |
K92 Mining financial indicator trend analysis is infinitely more than just investigating K92 Mining recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether K92 Mining is a good investment. Please check the relationship between K92 Mining Total Current Assets and its Non Current Assets Total accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in K92 Mining. 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 Non Current Assets Total
Total Current Assets vs Non Current Assets Total Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of K92 Mining Total Current Assets account and Non Current Assets Total. At this time, the significance of the direction appears to have almost identical trend.
The correlation between K92 Mining's Total Current Assets and Non Current Assets Total is 0.95. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Non Current Assets Total in the same time period over historical financial statements of K92 Mining, assuming nothing else is changed. The correlation between historical values of K92 Mining's Total Current Assets and Non Current Assets Total 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 K92 Mining are associated (or correlated) with its Non Current Assets Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Assets Total has no effect on the direction of Total Current Assets i.e., K92 Mining's Total Current Assets and Non Current Assets Total go up and down completely randomly.
Correlation Coefficient | 0.95 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
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.Non Current Assets Total
The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.Most indicators from K92 Mining's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into K92 Mining 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in K92 Mining. 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, K92 Mining's Selling General Administrative is very stable compared to the past year. As of the 12th of December 2024, Sales General And Administrative To Revenue is likely to grow to 0.06, while Tax Provision is likely to drop about 10.3 M.
2021 | 2022 | 2023 | 2024 (projected) | Total Operating Expenses | 23.5M | 26.4M | 32.7M | 34.3M | Cost Of Revenue | 83.3M | 96.3M | 111.4M | 117.0M |
K92 Mining fundamental ratios Correlations
Click cells to compare fundamentals
K92 Mining Account Relationship Matchups
High Positive Relationship
High Negative Relationship
K92 Mining fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 155.0M | 215.5M | 273.0M | 370.7M | 412.8M | 433.5M | |
Other Current Liab | 10.1M | 280K | 425K | 31.3M | 1.2M | 1.1M | |
Total Current Liabilities | 22.2M | 29.7M | 33.0M | 48.2M | 47.9M | 50.3M | |
Total Stockholder Equity | 124.7M | 181.5M | 225.1M | 309.3M | 350.9M | 368.4M | |
Property Plant And Equipment Net | 78.4M | 98.6M | 141.7M | 194.8M | 265.3M | 278.6M | |
Net Debt | (7.2M) | (44.1M) | (57.2M) | (99.8M) | (67.9M) | (64.5M) | |
Retained Earnings | 36.1M | 78.1M | 105.3M | 140.9M | 174.0M | 182.7M | |
Cash | 21.6M | 51.5M | 71.3M | 109.9M | 72.7M | 76.3M | |
Non Current Assets Total | 107.8M | 115.0M | 151.5M | 197.4M | 265.3M | 278.6M | |
Other Assets | 29.7M | 16.5M | 11.7M | 6.9M | 8.0M | 10.0M | |
Cash And Short Term Investments | 21.6M | 51.5M | 71.3M | 109.9M | 79.1M | 83.1M | |
Net Receivables | 13.1M | 26.1M | 23.2M | 29.3M | 27.8M | 29.2M | |
Liabilities And Stockholders Equity | 155.0M | 215.5M | 273.0M | 370.7M | 412.8M | 433.5M | |
Inventory | 11.5M | 21.0M | 25.4M | 28.5M | 36.0M | 37.8M | |
Other Current Assets | 1.0M | 2.0M | 1.6M | 5.6M | 4.5M | 4.7M | |
Other Stockholder Equity | 12.1M | 20.2M | 28.0M | 26.6M | 31.0M | 32.5M | |
Total Liab | 30.3M | 34M | 47.9M | 61.4M | 61.9M | 65.0M | |
Total Current Assets | 47.2M | 100.5M | 121.5M | 173.3M | 147.5M | 154.9M | |
Common Stock Shares Outstanding | 209.6M | 224.1M | 226.8M | 233.3M | 238.4M | 131.0M | |
Accumulated Other Comprehensive Income | (125.5K) | (299.4K) | (580.0K) | (257K) | (231.3K) | (242.9K) | |
Common Stock | 77.1M | 83.5M | 92.0M | 142.1M | 146.2M | 153.5M | |
Short Long Term Debt Total | 14.4M | 7.4M | 14.1M | 10.1M | 4.8M | 6.8M | |
Accounts Payable | 3.3M | 7.8M | 9.8M | 11.5M | 13.7M | 7.3M | |
Non Current Liabilities Total | 8.1M | 4.4M | 14.9M | 13.3M | 14.1M | 7.9M | |
Short Term Debt | 8.8M | 6.1M | 4.8M | 5.3M | 4.2M | 3.3M | |
Other Liab | 2.5M | 3.0M | 5.6M | 8.5M | 9.7M | 10.2M | |
Net Tangible Assets | 124.7M | 181.5M | 225.1M | 309.3M | 355.7M | 373.5M | |
Long Term Debt Total | 5.7M | 1.3M | 9.3M | 4.8M | 5.5M | 4.9M | |
Capital Surpluse | 12.1M | 20.2M | 28.0M | 26.6M | 30.6M | 17.5M | |
Cash And Equivalents | 21.6M | 51.5M | 71.3M | 109.9M | 126.4M | 132.8M | |
Property Plant Equipment | 78.1M | 98.6M | 139.8M | 190.5M | 219.0M | 230.0M | |
Capital Lease Obligations | 1.2M | 2.5M | 14.1M | 10.1M | 4.8M | 5.4M | |
Net Invested Capital | 138.0M | 186.4M | 225.1M | 309.3M | 350.9M | 204.1M | |
Net Working Capital | 25.0M | 70.9M | 88.5M | 125.2M | 99.6M | 63.3M | |
Capital Stock | 77.1M | 83.5M | 92.0M | 142.1M | 146.2M | 109.3M |
Pair Trading with K92 Mining
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if K92 Mining position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in K92 Mining will appreciate offsetting losses from the drop in the long position's value.Moving together with K92 Stock
Moving against K92 Stock
The ability to find closely correlated positions to K92 Mining could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace K92 Mining when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back K92 Mining - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling K92 Mining to buy it.
The correlation of K92 Mining is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as K92 Mining moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if K92 Mining moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for K92 Mining can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in K92 Stock
Balance Sheet is a snapshot of the financial position of K92 Mining at a specified time, usually calculated after every quarter, six months, or one year. K92 Mining Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of K92 Mining and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which K92 currently owns. An asset can also be divided into two categories, current and non-current.