Skyharbour Net Tangible Assets vs Other Current Assets Analysis

SYH Stock  CAD 0.37  0.02  5.13%   
Skyharbour Resources financial indicator trend analysis is much more than just breaking down Skyharbour Resources prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Skyharbour Resources is a good investment. Please check the relationship between Skyharbour Resources Net Tangible Assets and its Other Current Assets accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Skyharbour 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.

Net Tangible Assets vs Other Current Assets

Net Tangible Assets vs Other Current Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Skyharbour Resources Net Tangible Assets account and Other Current Assets. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Skyharbour Resources' Net Tangible Assets and Other Current Assets is 0.87. Overlapping area represents the amount of variation of Net Tangible Assets that can explain the historical movement of Other Current Assets in the same time period over historical financial statements of Skyharbour Resources, assuming nothing else is changed. The correlation between historical values of Skyharbour Resources' Net Tangible Assets and Other 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 Net Tangible Assets of Skyharbour Resources are associated (or correlated) with its Other Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Assets has no effect on the direction of Net Tangible Assets i.e., Skyharbour Resources' Net Tangible Assets and Other Current Assets go up and down completely randomly.

Correlation Coefficient

0.87
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.

Other Current Assets

Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.
Most indicators from Skyharbour Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Skyharbour 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 Skyharbour 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, Skyharbour Resources' Selling General Administrative is fairly stable compared to the past year. Enterprise Value is likely to climb to about 48 M in 2024, whereas Issuance Of Capital Stock is likely to drop slightly above 6.4 M in 2024.
 2023 2024 (projected)
Net Interest Income141.0K148.0K
Non Recurring53.5K41.9K

Skyharbour Resources fundamental ratios Correlations

0.871.00.99-0.95-0.920.760.950.990.910.910.990.070.870.910.530.820.890.990.960.820.910.760.92-0.73-0.73
0.870.850.89-0.85-0.770.780.870.890.690.980.830.081.00.70.120.960.660.790.750.510.740.440.82-0.9-0.9
1.00.850.99-0.95-0.920.750.950.990.910.891.00.070.850.920.550.80.90.990.970.830.910.770.92-0.71-0.71
0.990.890.99-0.91-0.920.760.911.00.840.930.980.090.890.850.430.850.870.970.960.750.880.670.9-0.76-0.76
-0.95-0.85-0.95-0.910.85-0.76-1.0-0.91-0.96-0.87-0.930.01-0.85-0.96-0.58-0.78-0.83-0.93-0.87-0.85-0.89-0.83-0.890.70.7
-0.92-0.77-0.92-0.920.85-0.73-0.84-0.92-0.8-0.77-0.930.23-0.77-0.81-0.47-0.7-0.87-0.91-0.91-0.75-0.83-0.65-0.830.590.59
0.760.780.750.76-0.76-0.730.760.760.680.770.750.00.780.690.290.60.680.750.750.590.620.460.65-0.52-0.52
0.950.870.950.91-1.0-0.840.760.910.950.890.930.00.870.950.560.80.810.930.870.830.870.810.88-0.74-0.74
0.990.890.991.0-0.91-0.920.760.910.840.930.980.090.890.850.430.850.870.970.960.750.880.670.9-0.76-0.76
0.910.690.910.84-0.96-0.80.680.950.840.740.90.010.691.00.790.620.840.930.860.930.880.940.86-0.54-0.54
0.910.980.890.93-0.87-0.770.770.890.930.740.870.190.980.750.210.950.720.850.820.60.790.520.85-0.88-0.88
0.990.831.00.98-0.93-0.930.750.930.980.90.870.070.830.910.560.780.910.990.980.840.910.770.91-0.68-0.68
0.070.080.070.090.010.230.00.00.090.010.190.070.080.010.00.160.080.090.090.050.140.060.15-0.09-0.09
0.871.00.850.89-0.85-0.770.780.870.890.690.980.830.080.70.120.960.660.790.750.510.740.440.82-0.9-0.9
0.910.70.920.85-0.96-0.810.690.950.851.00.750.910.010.70.780.630.840.930.870.930.890.940.87-0.56-0.56
0.530.120.550.43-0.58-0.470.290.560.430.790.210.560.00.120.780.080.620.620.550.860.640.920.550.020.02
0.820.960.80.85-0.78-0.70.60.80.850.620.950.780.160.960.630.080.60.730.670.450.730.410.82-0.92-0.92
0.890.660.90.87-0.83-0.870.680.810.870.840.720.910.080.660.840.620.60.920.910.90.950.770.9-0.37-0.37
0.990.790.990.97-0.93-0.910.750.930.970.930.850.990.090.790.930.620.730.920.980.870.910.810.9-0.63-0.63
0.960.750.970.96-0.87-0.910.750.870.960.860.820.980.090.750.870.550.670.910.980.820.860.730.83-0.59-0.59
0.820.510.830.75-0.85-0.750.590.830.750.930.60.840.050.510.930.860.450.90.870.820.90.950.83-0.29-0.29
0.910.740.910.88-0.89-0.830.620.870.880.880.790.910.140.740.890.640.730.950.910.860.90.830.98-0.51-0.51
0.760.440.770.67-0.83-0.650.460.810.670.940.520.770.060.440.940.920.410.770.810.730.950.830.77-0.3-0.3
0.920.820.920.9-0.89-0.830.650.880.90.860.850.910.150.820.870.550.820.90.90.830.830.980.77-0.62-0.62
-0.73-0.9-0.71-0.760.70.59-0.52-0.74-0.76-0.54-0.88-0.68-0.09-0.9-0.560.02-0.92-0.37-0.63-0.59-0.29-0.51-0.3-0.621.0
-0.73-0.9-0.71-0.760.70.59-0.52-0.74-0.76-0.54-0.88-0.68-0.09-0.9-0.560.02-0.92-0.37-0.63-0.59-0.29-0.51-0.3-0.621.0
Click cells to compare fundamentals

Skyharbour Resources Account Relationship Matchups

Skyharbour Resources fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets11.1M16.1M23.0M24.6M33.4M35.1M
Total Current Liabilities167.0K94.8K464.9K751.2K2.2M2.3M
Total Stockholder Equity11.0M16.0M22.5M23.8M31.3M32.8M
Property Plant And Equipment Net10.3M10.1M14.3M18.7M26.1M27.4M
Net Debt(610.9K)(3.4M)(4.6M)(3.1M)(5.9M)(5.6M)
Retained Earnings(40.1M)(41.0M)(43.8M)(48.9M)(53.7M)(51.0M)
Accounts Payable158.4K87.9K464.9K513.8K590.8K620.4K
Cash610.9K3.4M4.6M3.1M5.9M6.2M
Non Current Assets Total10.3M10.1M14.3M18.7M26.1M27.4M
Cash And Short Term Investments610.9K5.6M8.2M5.4M6.6M7.0M
Net Receivables77.2K53.9K111.6K132.2K293.3K307.9K
Common Stock Shares Outstanding67.8M91.4M124.7M141.7M168.8M177.2M
Liabilities And Stockholders Equity11.1M16.1M23.0M24.6M33.4M35.1M
Other Stockholder Equity4.3M4.3M21.6K5.7M5.2M4.9M
Total Liab167.0K94.8K464.9K751.2K2.2M2.3M
Total Current Assets795.5K6.0M8.7M5.9M7.3M7.7M
Accumulated Other Comprehensive Income4.3M4.8M5.7M6.7M8.4M8.8M
Other Current Liab8.6K6.9K17.3K751.2K2.2M2.3M
Common Stock46.8M52.1M60.6M66.0M76.6M49.4M
Net Tangible Assets10.8M11.0M16.0M22.5M25.9M27.2M
Property Plant Equipment9.6M10.3M10.1M14.3M16.4M17.2M
Other Current Assets107.4K312.3K476.5K339.5K374.9K200.7K
Net Invested Capital11.0M16.0M22.5M23.8M31.3M19.4M
Net Working Capital628.6K5.9M8.3M5.2M5.1M4.3M
Capital Stock46.8M52.1M60.6M66.0M76.6M63.7M

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Additional Tools for Skyharbour Stock Analysis

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