Surge Other Current Liab vs Short Term Investments 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 Other Current Liab and its Short Term Investments 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.

Other Current Liab vs Short Term Investments

Other Current Liab vs Short Term Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Surge Copper Corp Other Current Liab account and Short Term Investments. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Surge Copper's Other Current Liab and Short Term Investments is -0.21. Overlapping area represents the amount of variation of Other Current Liab that can explain the historical movement of Short Term Investments 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 Other Current Liab and Short Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Current Liab of Surge Copper Corp are associated (or correlated) with its Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Term Investments has no effect on the direction of Other Current Liab i.e., Surge Copper's Other Current Liab and Short Term Investments go up and down completely randomly.

Correlation Coefficient

-0.21

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Other Current Liab

Short Term Investments

Short Term Investments is an item under the current assets section of Surge Copper balance sheet. It contains any investments Surge Copper Corp undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that Surge Copper Corp can easily liquidate in the marketplace.

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

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Short Term Investments	Other Stockholder Equity	Total Liab	Total Current Assets	Intangible Assets	Non Currrent Assets Other	Short Long Term Debt Total	Non Current Liabilities Total	Inventory	Other Current Assets	Short Term Debt	Other Current Liab	Other Liab	Net Tangible Assets
Total Assets		0.86	1.0	0.99	-0.39	-0.98	0.54	0.17	0.99	0.48	-0.07	0.96	-0.51	-0.2	0.93	0.16	-0.49	0.72	0.7	0.94	-0.61	0.6	-0.27	0.66	0.92	0.84
Total Current Liabilities	0.86		0.84	0.79	-0.66	-0.83	0.52	0.51	0.79	0.7	-0.06	0.82	-0.23	-0.23	0.96	0.5	-0.22	0.55	0.69	0.94	-0.36	0.63	-0.52	0.93	0.9	0.87
Total Stockholder Equity	1.0	0.84		0.99	-0.36	-0.98	0.52	0.14	0.99	0.45	-0.07	0.96	-0.54	-0.2	0.91	0.13	-0.52	0.73	0.69	0.92	-0.61	0.58	-0.24	0.63	0.9	0.82
Property Plant And Equipment Net	0.99	0.79	0.99		-0.25	-0.98	0.48	0.01	1.0	0.35	-0.1	0.96	-0.51	-0.19	0.89	0.0	-0.48	0.73	0.67	0.91	-0.66	0.57	-0.23	0.56	0.89	0.8
Net Debt	-0.39	-0.66	-0.36	-0.25		0.3	-0.66	-0.94	-0.25	-0.99	0.03	-0.35	0.18	0.13	-0.55	-0.92	0.18	-0.17	-0.39	-0.52	0.05	-0.34	0.32	-0.72	-0.48	-0.5
Retained Earnings	-0.98	-0.83	-0.98	-0.98	0.3		-0.44	-0.09	-0.98	-0.39	0.16	-0.96	0.44	0.31	-0.89	-0.07	0.42	-0.79	-0.64	-0.9	0.57	-0.67	0.35	-0.62	-0.89	-0.86
Accounts Payable	0.54	0.52	0.52	0.48	-0.66	-0.44		0.41	0.48	0.74	-0.03	0.62	-0.18	0.01	0.6	0.4	-0.15	0.23	0.34	0.62	-0.65	0.41	-0.27	0.34	0.67	0.5
Cash	0.17	0.51	0.14	0.01	-0.94	-0.09	0.41		0.01	0.89	0.02	0.08	-0.13	-0.1	0.35	0.98	-0.14	0.02	0.25	0.3	0.26	0.19	-0.24	0.7	0.23	0.32
Non Current Assets Total	0.99	0.79	0.99	1.0	-0.25	-0.98	0.48	0.01		0.35	-0.11	0.97	-0.5	-0.19	0.89	0.0	-0.47	0.73	0.66	0.91	-0.66	0.58	-0.24	0.56	0.9	0.8
Cash And Short Term Investments	0.48	0.7	0.45	0.35	-0.99	-0.39	0.74	0.89	0.35		-0.05	0.46	-0.2	-0.15	0.63	0.86	-0.19	0.24	0.44	0.6	-0.19	0.39	-0.35	0.72	0.58	0.56
Net Receivables	-0.07	-0.06	-0.07	-0.1	0.03	0.16	-0.03	0.02	-0.11	-0.05		-0.18	-0.12	0.36	-0.07	0.2	-0.12	-0.29	0.04	-0.06	0.14	-0.24	0.18	0.05	-0.13	-0.13
Common Stock Shares Outstanding	0.96	0.82	0.96	0.96	-0.35	-0.96	0.62	0.08	0.97	0.46	-0.18		-0.34	-0.28	0.92	0.06	-0.31	0.74	0.64	0.93	-0.75	0.66	-0.38	0.56	0.96	0.83
Short Term Investments	-0.51	-0.23	-0.54	-0.51	0.18	0.44	-0.18	-0.13	-0.5	-0.2	-0.12	-0.34		-0.23	-0.28	-0.15	1.0	-0.29	-0.57	-0.29	0.14	0.22	-0.61	-0.21	-0.18	-0.19
Other Stockholder Equity	-0.2	-0.23	-0.2	-0.19	0.13	0.31	0.01	-0.1	-0.19	-0.15	0.36	-0.28	-0.23		-0.18	-0.04	-0.23	-0.77	0.04	-0.16	0.06	-0.58	0.48	-0.18	-0.22	-0.36
Total Liab	0.93	0.96	0.91	0.89	-0.55	-0.89	0.6	0.35	0.89	0.63	-0.07	0.92	-0.28	-0.18		0.34	-0.26	0.58	0.69	1.0	-0.54	0.66	-0.48	0.81	0.97	0.88
Total Current Assets	0.16	0.5	0.13	0.0	-0.92	-0.07	0.4	0.98	0.0	0.86	0.2	0.06	-0.15	-0.04	0.34		-0.16	-0.03	0.26	0.29	0.28	0.15	-0.21	0.69	0.21	0.3
Intangible Assets	-0.49	-0.22	-0.52	-0.48	0.18	0.42	-0.15	-0.14	-0.47	-0.19	-0.12	-0.31	1.0	-0.23	-0.26	-0.16		-0.27	-0.56	-0.26	0.1	0.24	-0.62	-0.21	-0.15	-0.18
Non Currrent Assets Other	0.72	0.55	0.73	0.73	-0.17	-0.79	0.23	0.02	0.73	0.24	-0.29	0.74	-0.29	-0.77	0.58	-0.03	-0.27		0.37	0.58	-0.45	0.63	-0.29	0.37	0.61	0.64
Short Long Term Debt Total	0.7	0.69	0.69	0.67	-0.39	-0.64	0.34	0.25	0.66	0.44	0.04	0.64	-0.57	0.04	0.69	0.26	-0.56	0.37		0.69	-0.28	0.06	0.06	0.63	0.63	0.62
Non Current Liabilities Total	0.94	0.94	0.92	0.91	-0.52	-0.9	0.62	0.3	0.91	0.6	-0.06	0.93	-0.29	-0.16	1.0	0.29	-0.26	0.58	0.69		-0.59	0.65	-0.46	0.76	0.98	0.87
Inventory	-0.61	-0.36	-0.61	-0.66	0.05	0.57	-0.65	0.26	-0.66	-0.19	0.14	-0.75	0.14	0.06	-0.54	0.28	0.1	-0.45	-0.28	-0.59		-0.33	0.12	-0.03	-0.69	-0.33
Other Current Assets	0.6	0.63	0.58	0.57	-0.34	-0.67	0.41	0.19	0.58	0.39	-0.24	0.66	0.22	-0.58	0.66	0.15	0.24	0.63	0.06	0.65	-0.33		-0.87	0.47	0.71	0.81
Short Term Debt	-0.27	-0.52	-0.24	-0.23	0.32	0.35	-0.27	-0.24	-0.24	-0.35	0.18	-0.38	-0.61	0.48	-0.48	-0.21	-0.62	-0.29	0.06	-0.46	0.12	-0.87		-0.45	-0.53	-0.63
Other Current Liab	0.66	0.93	0.63	0.56	-0.72	-0.62	0.34	0.7	0.56	0.72	0.05	0.56	-0.21	-0.18	0.81	0.69	-0.21	0.37	0.63	0.76	-0.03	0.47	-0.45		0.68	0.72
Other Liab	0.92	0.9	0.9	0.89	-0.48	-0.89	0.67	0.23	0.9	0.58	-0.13	0.96	-0.18	-0.22	0.97	0.21	-0.15	0.61	0.63	0.98	-0.69	0.71	-0.53	0.68		0.87
Net Tangible Assets	0.84	0.87	0.82	0.8	-0.5	-0.86	0.5	0.32	0.8	0.56	-0.13	0.83	-0.19	-0.36	0.88	0.3	-0.18	0.64	0.62	0.87	-0.33	0.81	-0.63	0.72	0.87

Click cells to compare fundamentals

Surge Copper Account Relationship Matchups

Surge Copper fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	22.1M	33.9M	47.3M	50.4M	51.3M	53.9M
Total Current Liabilities	82.2K	431.1K	1.6M	1.2M	850.6K	893.1K
Total Stockholder Equity	21.7M	32.0M	41.5M	44.7M	46.4M	48.7M
Property Plant And Equipment Net	22.0M	30.4M	39.0M	47.4M	51.1M	53.7M
Net Debt	38.8K	(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 Payable	13.8K	114.8K	140.2K	71.7K	208.8K	219.2K
Cash	35.0K	3.3M	7.8M	2.8M	84.7K	80.4K
Non Current Assets Total	22.0M	30.4M	39.0M	47.4M	51.1M	53.7M
Cash And Short Term Investments	35.0K	3.3M	7.8M	2.8M	3.2M	3.4M
Net Receivables	1.7K	137.5K	344.9K	39.6K	45.6K	43.3K
Common Stock Shares Outstanding	59.3M	91.0M	158.9M	173.4M	224.4M	235.7M
Liabilities And Stockholders Equity	22.1M	33.9M	47.3M	50.4M	57.9M	60.8M
Total Liab	330.4K	1.9M	5.7M	5.7M	4.9M	5.2M
Total Current Assets	55.3K	3.5M	8.3M	3.0M	190.8K	181.3K
Non Current Liabilities Total	248.2K	1.5M	4.2M	4.4M	4.1M	4.3M
Other Current Liab	19.8K	276.5K	1.4M	911.6K	314.1K	316.7K
Other Liab	282K	223K	1.5M	4.1M	4.7M	4.9M
Net Tangible Assets	21.8M	21.7M	32.0M	41.5M	47.8M	28.4M
Common Stock	35.6M	48.2M	60.1M	63.9M	73.4M	47.7M
Property Plant Equipment	22.0M	22.0M	30.4M	39.0M	44.9M	28.0M
Net Invested Capital	21.7M	32.0M	41.5M	44.7M	46.4M	36.2M
Net Working Capital	(26.8K)	3.1M	6.7M	1.7M	(659.7K)	(626.7K)
Capital Stock	35.6M	48.2M	60.1M	63.9M	66.5M	56.8M

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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC