Surge Net Tangible Assets vs Total Stockholder Equity Analysis

SURG Stock  CAD 0.1  0.01  5.56%   
Surge Copper financial indicator trend analysis is much more than just breaking down Surge Copper Corp prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Surge Copper Corp is a good investment. Please check the relationship between Surge Copper Net Tangible Assets and its Total Stockholder Equity accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Surge Copper 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 price.

Net Tangible Assets vs Total Stockholder Equity

Net Tangible Assets vs Total Stockholder Equity Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Surge Copper Corp Net Tangible Assets account and Total Stockholder Equity. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Surge Copper's Net Tangible Assets and Total Stockholder Equity is 0.82. Overlapping area represents the amount of variation of Net Tangible Assets that can explain the historical movement of Total Stockholder Equity in the same time period over historical financial statements of Surge Copper Corp, assuming nothing else is changed. The correlation between historical values of Surge Copper's Net Tangible Assets and Total Stockholder Equity is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Tangible Assets of Surge Copper Corp are associated (or correlated) with its Total Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Stockholder Equity has no effect on the direction of Net Tangible Assets i.e., Surge Copper's Net Tangible Assets and Total Stockholder Equity go up and down completely randomly.

Correlation Coefficient

0.82
Relationship DirectionPositive 
Relationship StrengthStrong

Net Tangible Assets

The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.

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.
Most indicators from Surge Copper's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Surge Copper 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Surge Copper 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 price.
At this time, Surge Copper's Enterprise Value Over EBITDA is fairly stable compared to the past year. Enterprise Value Multiple is likely to climb to 0.42 in 2024, whereas Selling General Administrative is likely to drop slightly above 1.4 M in 2024.

Surge Copper fundamental ratios Correlations

0.861.00.99-0.39-0.980.540.170.990.48-0.070.96-0.51-0.20.930.16-0.490.720.70.94-0.610.6-0.270.660.920.84
0.860.840.79-0.66-0.830.520.510.790.7-0.060.82-0.23-0.230.960.5-0.220.550.690.94-0.360.63-0.520.930.90.87
1.00.840.99-0.36-0.980.520.140.990.45-0.070.96-0.54-0.20.910.13-0.520.730.690.92-0.610.58-0.240.630.90.82
0.990.790.99-0.25-0.980.480.011.00.35-0.10.96-0.51-0.190.890.0-0.480.730.670.91-0.660.57-0.230.560.890.8
-0.39-0.66-0.36-0.250.3-0.66-0.94-0.25-0.990.03-0.350.180.13-0.55-0.920.18-0.17-0.39-0.520.05-0.340.32-0.72-0.48-0.5
-0.98-0.83-0.98-0.980.3-0.44-0.09-0.98-0.390.16-0.960.440.31-0.89-0.070.42-0.79-0.64-0.90.57-0.670.35-0.62-0.89-0.86
0.540.520.520.48-0.66-0.440.410.480.74-0.030.62-0.180.010.60.4-0.150.230.340.62-0.650.41-0.270.340.670.5
0.170.510.140.01-0.94-0.090.410.010.890.020.08-0.13-0.10.350.98-0.140.020.250.30.260.19-0.240.70.230.32
0.990.790.991.0-0.25-0.980.480.010.35-0.110.97-0.5-0.190.890.0-0.470.730.660.91-0.660.58-0.240.560.90.8
0.480.70.450.35-0.99-0.390.740.890.35-0.050.46-0.2-0.150.630.86-0.190.240.440.6-0.190.39-0.350.720.580.56
-0.07-0.06-0.07-0.10.030.16-0.030.02-0.11-0.05-0.18-0.120.36-0.070.2-0.12-0.290.04-0.060.14-0.240.180.05-0.13-0.13
0.960.820.960.96-0.35-0.960.620.080.970.46-0.18-0.34-0.280.920.06-0.310.740.640.93-0.750.66-0.380.560.960.83
-0.51-0.23-0.54-0.510.180.44-0.18-0.13-0.5-0.2-0.12-0.34-0.23-0.28-0.151.0-0.29-0.57-0.290.140.22-0.61-0.21-0.18-0.19
-0.2-0.23-0.2-0.190.130.310.01-0.1-0.19-0.150.36-0.28-0.23-0.18-0.04-0.23-0.770.04-0.160.06-0.580.48-0.18-0.22-0.36
0.930.960.910.89-0.55-0.890.60.350.890.63-0.070.92-0.28-0.180.34-0.260.580.691.0-0.540.66-0.480.810.970.88
0.160.50.130.0-0.92-0.070.40.980.00.860.20.06-0.15-0.040.34-0.16-0.030.260.290.280.15-0.210.690.210.3
-0.49-0.22-0.52-0.480.180.42-0.15-0.14-0.47-0.19-0.12-0.311.0-0.23-0.26-0.16-0.27-0.56-0.260.10.24-0.62-0.21-0.15-0.18
0.720.550.730.73-0.17-0.790.230.020.730.24-0.290.74-0.29-0.770.58-0.03-0.270.370.58-0.450.63-0.290.370.610.64
0.70.690.690.67-0.39-0.640.340.250.660.440.040.64-0.570.040.690.26-0.560.370.69-0.280.060.060.630.630.62
0.940.940.920.91-0.52-0.90.620.30.910.6-0.060.93-0.29-0.161.00.29-0.260.580.69-0.590.65-0.460.760.980.87
-0.61-0.36-0.61-0.660.050.57-0.650.26-0.66-0.190.14-0.750.140.06-0.540.280.1-0.45-0.28-0.59-0.330.12-0.03-0.69-0.33
0.60.630.580.57-0.34-0.670.410.190.580.39-0.240.660.22-0.580.660.150.240.630.060.65-0.33-0.870.470.710.81
-0.27-0.52-0.24-0.230.320.35-0.27-0.24-0.24-0.350.18-0.38-0.610.48-0.48-0.21-0.62-0.290.06-0.460.12-0.87-0.45-0.53-0.63
0.660.930.630.56-0.72-0.620.340.70.560.720.050.56-0.21-0.180.810.69-0.210.370.630.76-0.030.47-0.450.680.72
0.920.90.90.89-0.48-0.890.670.230.90.58-0.130.96-0.18-0.220.970.21-0.150.610.630.98-0.690.71-0.530.680.87
0.840.870.820.8-0.5-0.860.50.320.80.56-0.130.83-0.19-0.360.880.3-0.180.640.620.87-0.330.81-0.630.720.87
Click cells to compare fundamentals

Surge Copper Account Relationship Matchups

Surge Copper fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets22.1M33.9M47.3M50.4M51.3M53.9M
Total Current Liabilities82.2K431.1K1.6M1.2M850.6K893.1K
Total Stockholder Equity21.7M32.0M41.5M44.7M46.4M48.7M
Property Plant And Equipment Net22.0M30.4M39.0M47.4M51.1M53.7M
Net Debt38.8K(3.2M)(7.7M)(2.7M)(2.4M)(2.3M)
Retained Earnings(18.6M)(24.4M)(29.2M)(31.4M)(33.1M)(31.4M)
Accounts Payable13.8K114.8K140.2K71.7K208.8K219.2K
Cash35.0K3.3M7.8M2.8M84.7K80.4K
Non Current Assets Total22.0M30.4M39.0M47.4M51.1M53.7M
Cash And Short Term Investments35.0K3.3M7.8M2.8M3.2M3.4M
Net Receivables1.7K137.5K344.9K39.6K45.6K43.3K
Common Stock Shares Outstanding59.3M91.0M158.9M173.4M224.4M235.7M
Liabilities And Stockholders Equity22.1M33.9M47.3M50.4M57.9M60.8M
Total Liab330.4K1.9M5.7M5.7M4.9M5.2M
Total Current Assets55.3K3.5M8.3M3.0M190.8K181.3K
Non Current Liabilities Total248.2K1.5M4.2M4.4M4.1M4.3M
Other Current Liab19.8K276.5K1.4M911.6K314.1K316.7K
Other Liab282K223K1.5M4.1M4.7M4.9M
Net Tangible Assets21.8M21.7M32.0M41.5M47.8M28.4M
Common Stock35.6M48.2M60.1M63.9M73.4M47.7M
Property Plant Equipment22.0M22.0M30.4M39.0M44.9M28.0M
Net Invested Capital21.7M32.0M41.5M44.7M46.4M36.2M
Net Working Capital(26.8K)3.1M6.7M1.7M(659.7K)(626.7K)
Capital Stock35.6M48.2M60.1M63.9M66.5M56.8M

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 Surge Stock Analysis

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