Quartz Current Ratio vs Capex To Depreciation Analysis

QZM Stock  CAD 0.36  0.02  5.88%   
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 Current Ratio and its Capex To Depreciation 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.

Current Ratio vs Capex To Depreciation

Current Ratio vs Capex To Depreciation Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Quartz Mountain Resources Current Ratio account and Capex To Depreciation. At this time, the significance of the direction appears to have pay attention.
The correlation between Quartz Mountain's Current Ratio and Capex To Depreciation is -0.77. Overlapping area represents the amount of variation of Current Ratio that can explain the historical movement of Capex To Depreciation 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 Current Ratio and Capex To Depreciation is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Current Ratio of Quartz Mountain Resources are associated (or correlated) with its Capex To Depreciation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capex To Depreciation has no effect on the direction of Current Ratio i.e., Quartz Mountain's Current Ratio and Capex To Depreciation go up and down completely randomly.

Correlation Coefficient

-0.77
Relationship DirectionNegative 
Relationship StrengthWeak

Current Ratio

A liquidity ratio that measures a company's ability to pay short-term obligations or those due within one year. It compares a firm's current assets to its current liabilities.

Capex To Depreciation

The ratio of a company's capital expenditures to its depreciation expenses, indicating how much the company is investing in physical assets relative to the aging of existing assets.
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 Tax Provision is fairly stable compared to the past year. Issuance Of Capital Stock is likely to climb to about 3.7 M in 2024, whereas Enterprise Value Over EBITDA is likely to drop (9.97) in 2024.

Quartz Mountain fundamental ratios Correlations

-0.150.670.74-0.40.010.910.740.40.470.490.490.16-0.130.910.310.680.47-0.150.39-0.250.380.220.420.350.29
-0.15-0.83-0.28-0.070.18-0.11-0.170.190.250.09-0.650.730.99-0.1-0.72-0.260.4-0.35-0.40.990.210.35-0.880.150.28
0.67-0.830.61-0.19-0.130.610.510.090.080.20.77-0.47-0.820.60.730.59-0.070.180.53-0.880.0-0.170.90.08-0.06
0.74-0.280.610.19-0.280.440.960.36-0.06-0.050.66-0.09-0.240.430.430.130.17-0.130.51-0.330.4-0.030.610.150.06
-0.4-0.07-0.190.19-0.71-0.610.15-0.09-0.93-0.880.23-0.37-0.05-0.630.27-0.81-0.530.150.230.02-0.05-0.390.05-0.47-0.46
0.010.18-0.13-0.28-0.710.07-0.140.060.770.72-0.530.430.190.1-0.620.330.62-0.34-0.560.140.330.42-0.120.450.44
0.91-0.110.610.44-0.610.070.40.370.60.570.390.19-0.111.00.270.820.42-0.120.32-0.220.10.210.290.280.24
0.74-0.170.510.960.15-0.140.40.320.020.10.50.04-0.120.40.290.150.33-0.140.38-0.220.630.110.490.280.21
0.40.190.090.36-0.090.060.370.320.120.040.430.150.190.35-0.230.030.11-0.920.410.170.05-0.450.17-0.48-0.48
0.470.250.08-0.06-0.930.770.60.020.120.9-0.350.570.250.62-0.410.720.79-0.22-0.340.150.260.61-0.140.620.62
0.490.090.2-0.05-0.880.720.570.10.040.9-0.280.420.120.61-0.280.820.72-0.1-0.260.020.470.55-0.080.610.6
0.49-0.650.770.660.23-0.530.390.50.43-0.35-0.28-0.55-0.650.370.710.17-0.4-0.120.8-0.66-0.23-0.610.8-0.47-0.57
0.160.73-0.47-0.09-0.370.430.190.040.150.570.42-0.550.760.2-0.640.080.7-0.28-0.450.690.40.59-0.590.390.47
-0.130.99-0.82-0.24-0.050.19-0.11-0.120.190.250.12-0.650.76-0.1-0.73-0.260.46-0.35-0.410.990.290.4-0.870.170.3
0.91-0.10.60.43-0.630.11.00.40.350.620.610.370.2-0.10.250.840.45-0.120.3-0.210.130.230.280.30.27
0.31-0.720.730.430.27-0.620.270.29-0.23-0.41-0.280.71-0.64-0.730.250.22-0.460.520.57-0.73-0.25-0.280.63-0.12-0.2
0.68-0.260.590.13-0.810.330.820.150.030.720.820.170.08-0.260.840.220.410.10.05-0.350.130.310.250.430.38
0.470.4-0.070.17-0.530.620.420.330.110.790.72-0.40.70.460.45-0.460.41-0.21-0.380.320.620.82-0.240.660.68
-0.15-0.350.18-0.130.15-0.34-0.12-0.14-0.92-0.22-0.1-0.12-0.28-0.35-0.120.520.1-0.21-0.14-0.35-0.110.340.010.40.39
0.39-0.40.530.510.23-0.560.320.380.41-0.34-0.260.8-0.45-0.410.30.570.05-0.38-0.14-0.4-0.21-0.540.5-0.43-0.48
-0.250.99-0.88-0.330.020.14-0.22-0.220.170.150.02-0.660.690.99-0.21-0.73-0.350.32-0.35-0.40.20.28-0.90.070.2
0.380.210.00.4-0.050.330.10.630.050.260.47-0.230.40.290.13-0.250.130.62-0.11-0.210.20.48-0.080.540.53
0.220.35-0.17-0.03-0.390.420.210.11-0.450.610.55-0.610.590.40.23-0.280.310.820.34-0.540.280.48-0.380.870.9
0.42-0.880.90.610.05-0.120.290.490.17-0.14-0.080.8-0.59-0.870.280.630.25-0.240.010.5-0.9-0.08-0.38-0.14-0.29
0.350.150.080.15-0.470.450.280.28-0.480.620.61-0.470.390.170.3-0.120.430.660.4-0.430.070.540.87-0.140.99
0.290.28-0.060.06-0.460.440.240.21-0.480.620.6-0.570.470.30.27-0.20.380.680.39-0.480.20.530.9-0.290.99
Click cells to compare fundamentals

Quartz Mountain Account Relationship Matchups

Quartz Mountain fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets218.6K598.6K842.6K863.6K3.0M3.2M
Total Current Liabilities80.0K93.7K299.5K50.5K322.9K306.7K
Total Stockholder Equity138.6K463.5K510.3K790.7K2.7M2.8M
Net Debt(206.5K)(157.6K)(280.5K)(64.7K)(74.4K)(78.1K)
Retained Earnings(27.6M)(27.7M)(28.7M)(29.6M)(32.1M)(33.7M)
Cash206.5K206.4K321.8K97.5K1.9M2.0M
Cash And Short Term Investments206.5K206.4K321.8K97.5K87.7K83.3K
Net Receivables4.8K3.3K17.9K4.0K3.6K3.4K
Common Stock Shares Outstanding19.2M26.9M37.2M43.2M58.9M61.8M
Liabilities And Stockholders Equity218.6K598.6K842.6K863.6K777.2K616.7K
Total Liab80.0K135.0K332.3K72.9K333.0K316.4K
Total Current Assets218.6K211.6K340.4K121.4K2.0M2.1M
Common Stock27.2M27.6M28.4M29.0M33.3M30.1M
Accounts Payable4.2K24.4K170.7K23.1K226.1K237.4K
Other Current Assets7.2K1.8K791.019.9K17.9K18.8K
Other Current Liab75.8K61.8K120.2K17.0K19.6K18.6K
Net Tangible Assets(3.0M)138.6K463.5K510.3K586.8K616.1K
Net Invested Capital138.6K463.5K510.3K790.7K2.7M2.8M
Net Working Capital138.6K117.8K40.9K70.9K1.7M1.8M
Capital Stock27.2M27.6M28.4M29.0M33.3M31.2M

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
Explore Investing Ideas  

Additional Tools for Quartz Stock Analysis

When running Quartz Mountain's price analysis, check to measure Quartz Mountain's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Quartz Mountain is operating at the current time. Most of Quartz Mountain's value examination focuses on studying past and present price action to predict the probability of Quartz Mountain's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Quartz Mountain's price. Additionally, you may evaluate how the addition of Quartz Mountain to your portfolios can decrease your overall portfolio volatility.