Quartz Cash And Short Term Investments vs Total Current Assets Analysis

QZM Stock

CAD 0.34 0.05 12.82%

Quartz Mountain financial indicator trend analysis is much more than just breaking down Quartz Mountain Resources prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Quartz Mountain Resources is a good investment. Please check the relationship between Quartz Mountain Cash And Short Term Investments and its Total Current Assets accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Quartz Mountain Resources. 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 Total Current Assets

Cash And Short Term Investments vs Total Current Assets Correlation Analysis

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

The correlation between Quartz Mountain's Cash And Short Term Investments and Total Current Assets is 1.0. Overlapping area represents the amount of variation of Cash And Short Term Investments that can explain the historical movement of Total Current Assets in the same time period over historical financial statements of Quartz Mountain Resources, assuming nothing else is changed. The correlation between historical values of Quartz Mountain's Cash And Short Term Investments and Total Current Assets 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 Quartz Mountain Resources are associated (or correlated) with its Total Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Assets has no effect on the direction of Cash And Short Term Investments i.e., Quartz Mountain's Cash And Short Term Investments and Total Current Assets go up and down completely randomly.

Correlation Coefficient

1.0

Relationship Direction	Positive
Relationship Strength	Very Strong

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Cash And Short Term Investments

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

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.

Most indicators from Quartz Mountain's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Quartz Mountain Resources 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in Quartz Mountain Resources. 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, Quartz Mountain's Issuance Of Capital Stock is fairly stable compared to the past year. Enterprise Value is likely to climb to about 8.9 M in 2024, whereas Selling General Administrative is likely to drop slightly above 393.9 K in 2024.

Quartz Mountain fundamental ratios Correlations

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Other Assets	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Other Stockholder Equity	Total Liab	Total Current Assets	Common Stock	Accounts Payable	Non Current Liabilities Total	Inventory	Other Current Assets	Other Current Liab	Non Currrent Assets Other	Short Long Term Debt Total	Net Tangible Assets	Short Long Term Debt	Short Term Debt
Total Assets		0.15	0.36	0.47	-0.67	0.75	0.84	0.58	0.22	0.84	0.81	-0.11	0.52	0.18	0.84	-0.25	0.67	0.86	-0.26	-0.16	0.04	0.63	0.61	0.11	0.7	0.66
Total Current Liabilities	0.15		-0.87	-0.27	-0.08	-0.19	0.26	-0.16	0.16	0.26	0.1	-0.71	0.73	0.99	0.24	-0.75	-0.09	0.4	-0.35	-0.43	0.99	0.21	0.36	-0.89	0.16	0.29
Total Stockholder Equity	0.36	-0.87		0.48	-0.3	0.57	0.19	0.41	-0.03	0.19	0.31	0.62	-0.45	-0.85	0.21	0.59	0.43	0.02	0.19	0.35	-0.91	0.05	-0.07	0.9	0.2	0.05
Property Plant And Equipment Net	0.47	-0.27	0.48		0.19	0.28	-0.04	0.96	0.34	-0.04	-0.03	0.6	-0.06	-0.23	-0.03	0.37	-0.13	0.22	-0.15	0.46	-0.3	0.44	0.01	0.59	0.19	0.1
Net Debt	-0.67	-0.08	-0.3	0.19		-0.74	-0.93	0.14	-0.09	-0.93	-0.88	0.24	-0.37	-0.06	-0.93	0.27	-0.91	-0.53	0.15	0.23	0.02	-0.05	-0.39	0.05	-0.47	-0.46
Retained Earnings	0.75	-0.19	0.57	0.28	-0.74		0.74	0.32	0.44	0.74	0.74	0.18	0.21	-0.18	0.75	-0.01	0.67	0.53	-0.36	0.07	-0.27	0.28	0.18	0.38	0.31	0.24
Cash	0.84	0.26	0.19	-0.04	-0.93	0.74		0.05	0.12	1.0	0.9	-0.36	0.57	0.26	1.0	-0.41	0.85	0.79	-0.22	-0.34	0.15	0.26	0.61	-0.14	0.62	0.62
Non Current Assets Total	0.58	-0.16	0.41	0.96	0.14	0.32	0.05		0.3	0.05	0.12	0.42	0.07	-0.1	0.06	0.23	-0.05	0.37	-0.16	0.32	-0.19	0.67	0.15	0.46	0.32	0.25
Other Assets	0.22	0.16	-0.03	0.34	-0.09	0.44	0.12	0.3		0.12	0.04	0.43	0.15	0.17	0.12	-0.23	-0.13	0.11	-0.92	0.41	0.17	0.05	-0.45	0.17	-0.48	-0.48
Cash And Short Term Investments	0.84	0.26	0.19	-0.04	-0.93	0.74	1.0	0.05	0.12		0.9	-0.36	0.57	0.26	1.0	-0.41	0.85	0.79	-0.22	-0.34	0.15	0.26	0.61	-0.14	0.62	0.62
Net Receivables	0.81	0.1	0.31	-0.03	-0.88	0.74	0.9	0.12	0.04	0.9		-0.29	0.42	0.12	0.92	-0.28	0.92	0.72	-0.1	-0.26	0.02	0.47	0.55	-0.08	0.61	0.6
Common Stock Shares Outstanding	-0.11	-0.71	0.62	0.6	0.24	0.18	-0.36	0.42	0.43	-0.36	-0.29		-0.58	-0.7	-0.35	0.68	-0.2	-0.41	-0.15	0.79	-0.68	-0.24	-0.64	0.83	-0.49	-0.59
Other Stockholder Equity	0.52	0.73	-0.45	-0.06	-0.37	0.21	0.57	0.07	0.15	0.57	0.42	-0.58		0.76	0.56	-0.64	0.23	0.7	-0.28	-0.45	0.69	0.4	0.59	-0.59	0.39	0.47
Total Liab	0.18	0.99	-0.85	-0.23	-0.06	-0.18	0.26	-0.1	0.17	0.26	0.12	-0.7	0.76		0.25	-0.75	-0.08	0.46	-0.35	-0.44	0.99	0.29	0.41	-0.88	0.18	0.31
Total Current Assets	0.84	0.24	0.21	-0.03	-0.93	0.75	1.0	0.06	0.12	1.0	0.92	-0.35	0.56	0.25		-0.39	0.87	0.79	-0.21	-0.33	0.13	0.29	0.61	-0.13	0.62	0.62
Common Stock	-0.25	-0.75	0.59	0.37	0.27	-0.01	-0.41	0.23	-0.23	-0.41	-0.28	0.68	-0.64	-0.75	-0.39		-0.11	-0.45	0.52	0.57	-0.73	-0.25	-0.28	0.63	-0.12	-0.2
Accounts Payable	0.67	-0.09	0.43	-0.13	-0.91	0.67	0.85	-0.05	-0.13	0.85	0.92	-0.2	0.23	-0.08	0.87	-0.11		0.54	0.07	-0.28	-0.18	0.2	0.47	0.04	0.56	0.54
Non Current Liabilities Total	0.86	0.4	0.02	0.22	-0.53	0.53	0.79	0.37	0.11	0.79	0.72	-0.41	0.7	0.46	0.79	-0.45	0.54		-0.21	-0.37	0.32	0.62	0.82	-0.23	0.66	0.68
Inventory	-0.26	-0.35	0.19	-0.15	0.15	-0.36	-0.22	-0.16	-0.92	-0.22	-0.1	-0.15	-0.28	-0.35	-0.21	0.52	0.07	-0.21		-0.14	-0.35	-0.11	0.34	0.01	0.4	0.39
Other Current Assets	-0.16	-0.43	0.35	0.46	0.23	0.07	-0.34	0.32	0.41	-0.34	-0.26	0.79	-0.45	-0.44	-0.33	0.57	-0.28	-0.37	-0.14		-0.4	-0.21	-0.54	0.5	-0.43	-0.48
Other Current Liab	0.04	0.99	-0.91	-0.3	0.02	-0.27	0.15	-0.19	0.17	0.15	0.02	-0.68	0.69	0.99	0.13	-0.73	-0.18	0.32	-0.35	-0.4		0.2	0.28	-0.9	0.07	0.2
Non Currrent Assets Other	0.63	0.21	0.05	0.44	-0.05	0.28	0.26	0.67	0.05	0.26	0.47	-0.24	0.4	0.29	0.29	-0.25	0.2	0.62	-0.11	-0.21	0.2		0.48	-0.08	0.54	0.53
Short Long Term Debt Total	0.61	0.36	-0.07	0.01	-0.39	0.18	0.61	0.15	-0.45	0.61	0.55	-0.64	0.59	0.41	0.61	-0.28	0.47	0.82	0.34	-0.54	0.28	0.48		-0.38	0.87	0.9
Net Tangible Assets	0.11	-0.89	0.9	0.59	0.05	0.38	-0.14	0.46	0.17	-0.14	-0.08	0.83	-0.59	-0.88	-0.13	0.63	0.04	-0.23	0.01	0.5	-0.9	-0.08	-0.38		-0.14	-0.29
Short Long Term Debt	0.7	0.16	0.2	0.19	-0.47	0.31	0.62	0.32	-0.48	0.62	0.61	-0.49	0.39	0.18	0.62	-0.12	0.56	0.66	0.4	-0.43	0.07	0.54	0.87	-0.14		0.99
Short Term Debt	0.66	0.29	0.05	0.1	-0.46	0.24	0.62	0.25	-0.48	0.62	0.6	-0.59	0.47	0.31	0.62	-0.2	0.54	0.68	0.39	-0.48	0.2	0.53	0.9	-0.29	0.99

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Quartz Mountain Account Relationship Matchups

Quartz Mountain fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	218.6K	598.6K	842.6K	863.6K	777.2K	616.7K
Total Current Liabilities	80.0K	93.7K	299.5K	50.5K	58.1K	55.2K
Total Stockholder Equity	138.6K	463.5K	510.3K	790.7K	711.6K	747.2K
Net Debt	(206.5K)	(157.6K)	(280.5K)	(64.7K)	(74.4K)	(78.1K)
Retained Earnings	(27.6M)	(27.7M)	(28.7M)	(29.6M)	(26.7M)	(28.0M)
Cash	206.5K	206.4K	321.8K	97.5K	87.7K	83.3K
Cash And Short Term Investments	206.5K	206.4K	321.8K	97.5K	87.7K	83.3K
Net Receivables	4.8K	3.3K	17.9K	4.0K	3.6K	3.4K
Common Stock Shares Outstanding	19.2M	26.9M	37.2M	43.2M	49.7M	52.2M
Liabilities And Stockholders Equity	218.6K	598.6K	842.6K	863.6K	777.2K	616.7K
Total Liab	80.0K	135.0K	332.3K	72.9K	83.8K	79.6K
Total Current Assets	218.6K	211.6K	340.4K	121.4K	109.3K	103.8K
Common Stock	27.2M	27.6M	28.4M	29.0M	33.3M	30.1M
Accounts Payable	4.2K	24.4K	170.7K	23.1K	20.8K	19.8K
Other Current Assets	7.2K	1.8K	791.0	19.9K	17.9K	18.8K
Other Current Liab	75.8K	61.8K	120.2K	17.0K	19.6K	18.6K
Net Tangible Assets	(3.0M)	138.6K	463.5K	510.3K	586.8K	616.1K
Net Invested Capital	138.6K	463.5K	510.3K	790.7K	909.3K	954.8K
Net Working Capital	138.6K	117.8K	40.9K	70.9K	81.5K	85.6K
Capital Stock	27.2M	27.6M	28.4M	29.0M	33.3M	30.3M

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