Silver Income Quality vs Interest Coverage Analysis

SNG Stock  CAD 0.07  0.01  6.25%   
Silver Range financial indicator trend analysis is much more than just breaking down Silver Range Resources prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Silver Range Resources is a good investment. Please check the relationship between Silver Range Income Quality and its Interest Coverage accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Silver Range 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.

Income Quality vs Interest Coverage

Income Quality vs Interest Coverage Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Silver Range Resources Income Quality account and Interest Coverage. At this time, the significance of the direction appears to have weak contrarian relationship.
Income QualityInterest CoverageDiversified AwayIncome QualityInterest CoverageDiversified Away100%
The correlation between Silver Range's Income Quality and Interest Coverage is -0.09. Overlapping area represents the amount of variation of Income Quality that can explain the historical movement of Interest Coverage in the same time period over historical financial statements of Silver Range Resources, assuming nothing else is changed. The correlation between historical values of Silver Range's Income Quality and Interest Coverage is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Income Quality of Silver Range Resources are associated (or correlated) with its Interest Coverage. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Interest Coverage has no effect on the direction of Income Quality i.e., Silver Range's Income Quality and Interest Coverage go up and down completely randomly.

Correlation Coefficient

-0.09
Relationship DirectionNegative 
Relationship StrengthInsignificant

Income Quality

An assessment of the sustainability of a company's earnings over time, considering factors like revenue source diversification and cost structure.

Interest Coverage

Most indicators from Silver Range's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Silver Range 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Silver Range 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, Silver Range's Selling General Administrative is fairly stable compared to the past year. Enterprise Value is likely to climb to about 15.7 M in 2024, whereas Issuance Of Capital Stock is likely to drop slightly above 605.8 K in 2024.
 2021 2022 2023 2024 (projected)
Total Operating Expenses625.8K959.3K686.6K652.2K
Cost Of Revenue137.6K102.6K146.2K100.0K

Silver Range fundamental ratios Correlations

0.831.00.431.00.990.190.91-0.2-0.070.990.92-0.680.98-0.170.5-0.44-0.41-0.13-0.16-0.28-0.36-0.290.240.21-0.17
0.830.830.370.830.810.530.69-0.550.160.790.71-0.490.790.160.57-0.37-0.240.120.10.03-0.17-0.20.10.11-0.14
1.00.830.431.00.990.190.91-0.21-0.070.980.92-0.670.98-0.160.5-0.43-0.41-0.12-0.16-0.27-0.36-0.290.240.2-0.17
0.430.370.430.440.510.120.60.06-0.210.510.6-0.680.53-0.40.4-0.71-0.69-0.430.25-0.49-0.31-0.90.760.75-0.79
1.00.831.00.440.990.190.91-0.21-0.070.990.92-0.670.98-0.170.5-0.44-0.41-0.13-0.15-0.28-0.36-0.290.240.21-0.18
0.990.810.990.510.990.210.95-0.2-0.121.00.95-0.780.99-0.260.58-0.55-0.53-0.22-0.18-0.38-0.44-0.40.360.31-0.26
0.190.530.190.120.190.210.03-0.340.480.170.01-0.180.210.120.43-0.35-0.220.060.11-0.1-0.16-0.220.150.19-0.15
0.910.690.910.60.910.950.03-0.2-0.350.950.99-0.870.93-0.360.64-0.66-0.64-0.33-0.19-0.48-0.49-0.50.470.42-0.34
-0.2-0.55-0.210.06-0.21-0.2-0.34-0.2-0.3-0.17-0.210.12-0.14-0.55-0.620.19-0.05-0.33-0.25-0.39-0.06-0.130.170.15-0.11
-0.070.16-0.07-0.21-0.07-0.120.48-0.35-0.3-0.13-0.320.33-0.090.380.050.220.260.250.30.40.340.22-0.21-0.190.02
0.990.790.980.510.991.00.170.95-0.17-0.130.95-0.771.0-0.310.55-0.55-0.54-0.28-0.19-0.41-0.43-0.410.380.34-0.26
0.920.710.920.60.920.950.010.99-0.21-0.320.95-0.840.93-0.320.6-0.6-0.59-0.28-0.09-0.41-0.39-0.470.450.42-0.35
-0.68-0.49-0.67-0.68-0.67-0.78-0.18-0.870.120.33-0.77-0.84-0.770.59-0.740.880.890.580.230.730.630.74-0.73-0.660.53
0.980.790.980.530.980.990.210.93-0.14-0.091.00.93-0.77-0.340.55-0.57-0.57-0.31-0.18-0.44-0.43-0.440.420.37-0.29
-0.170.16-0.16-0.4-0.17-0.260.12-0.36-0.550.38-0.31-0.320.59-0.34-0.090.550.770.940.350.890.430.61-0.79-0.690.5
0.50.570.50.40.50.580.430.64-0.620.050.550.6-0.740.55-0.09-0.76-0.66-0.23-0.15-0.37-0.52-0.460.410.36-0.28
-0.44-0.37-0.43-0.71-0.44-0.55-0.35-0.660.190.22-0.55-0.60.88-0.570.55-0.760.940.660.160.780.670.85-0.82-0.750.62
-0.41-0.24-0.41-0.69-0.41-0.53-0.22-0.64-0.050.26-0.54-0.590.89-0.570.77-0.660.940.810.250.90.660.85-0.89-0.80.67
-0.130.12-0.12-0.43-0.13-0.220.06-0.33-0.330.25-0.28-0.280.58-0.310.94-0.230.660.810.290.860.450.67-0.85-0.740.51
-0.160.1-0.160.25-0.15-0.180.11-0.19-0.250.3-0.19-0.090.23-0.180.35-0.150.160.250.290.440.79-0.050.090.27-0.35
-0.280.03-0.27-0.49-0.28-0.38-0.1-0.48-0.390.4-0.41-0.410.73-0.440.89-0.370.780.90.860.440.680.72-0.8-0.710.53
-0.36-0.17-0.36-0.31-0.36-0.44-0.16-0.49-0.060.34-0.43-0.390.63-0.430.43-0.520.670.660.450.790.680.49-0.33-0.170.11
-0.29-0.2-0.29-0.9-0.29-0.4-0.22-0.5-0.130.22-0.41-0.470.74-0.440.61-0.460.850.850.67-0.050.720.49-0.91-0.870.73
0.240.10.240.760.240.360.150.470.17-0.210.380.45-0.730.42-0.790.41-0.82-0.89-0.850.09-0.8-0.33-0.910.97-0.74
0.210.110.20.750.210.310.190.420.15-0.190.340.42-0.660.37-0.690.36-0.75-0.8-0.740.27-0.71-0.17-0.870.97-0.74
-0.17-0.14-0.17-0.79-0.18-0.26-0.15-0.34-0.110.02-0.26-0.350.53-0.290.5-0.280.620.670.51-0.350.530.110.73-0.74-0.74
Click cells to compare fundamentals

Silver Range Account Relationship Matchups

Silver Range fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets4.5M5.2M10.3M10.1M9.8M8.9M
Total Current Liabilities18K95.0K118.4K119.5K101.1K80.7K
Total Stockholder Equity4.3M5.1M10.1M10.0M9.7M8.5M
Net Tangible Assets4.3M5.1M10.1M10.0M9.0M8.6M
Retained Earnings(33.1M)(32.9M)(28.5M)(29.4M)(30.3M)(31.8M)
Accounts Payable27.1K31.4K50.6K36.7K38.2K34.1K
Cash139.1K235.6K444.0K263.4K65.4K62.1K
Other Assets163.3K4.1M35.2K42.3K48.6K46.2K
Net Receivables6.2K50.0K32.3K47.8K25.7K33.9K
Total Liab64.4K125.9K133.2K119.5K101.1K96.1K
Total Current Assets367.4K951.7K1.1M636.6K356.9K339.1K
Common Stock36.9M37.4M38.1M38.7M39.4M39.3M
Property Plant Equipment4.1M4.2M4.0M3.0M2.7M2.5M
Non Current Assets Total51.9K4.3M9.1M9.4M9.5M6.3M
Non Currrent Assets Other100.6K(4.0M)35.2K42.3K38.1K36.2K
Common Stock Shares Outstanding73.9M79.2M86.5M87.8M92.9M88.0M
Net Invested Capital4.3M5.1M10.1M10.0M9.7M7.8M
Net Working Capital259.4K856.8K1.0M517.1K255.8K243.0K
Other Current Liab(18K)45.5K49.8K67.0K62.9K38.3K
Short Term Investments199.6K636.4K621.9K289.0K216.3K380.7K
Capital Stock36.9M37.4M38.1M38.7M39.4M41.6M

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 Silver Stock Analysis

When running Silver Range's price analysis, check to measure Silver Range'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 Silver Range is operating at the current time. Most of Silver Range's value examination focuses on studying past and present price action to predict the probability of Silver Range's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Silver Range's price. Additionally, you may evaluate how the addition of Silver Range to your portfolios can decrease your overall portfolio volatility.
News Freq…Investor S…