Tinka Accounts Payable vs Net Receivables Analysis

TK Stock  CAD 0.09  0.01  10.00%   
Tinka Resources financial indicator trend analysis is much more than just breaking down Tinka Resources prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Tinka Resources is a good investment. Please check the relationship between Tinka Resources Accounts Payable and its Net Receivables accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Tinka Resources Limited. 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.

Accounts Payable vs Net Receivables

Accounts Payable vs Net Receivables Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Tinka Resources Accounts Payable account and Net Receivables. At this time, the significance of the direction appears to have weak relationship.
The correlation between Tinka Resources' Accounts Payable and Net Receivables is 0.32. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Net Receivables in the same time period over historical financial statements of Tinka Resources Limited, assuming nothing else is changed. The correlation between historical values of Tinka Resources' Accounts Payable and Net Receivables is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Accounts Payable of Tinka Resources Limited are associated (or correlated) with its Net Receivables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Receivables has no effect on the direction of Accounts Payable i.e., Tinka Resources' Accounts Payable and Net Receivables go up and down completely randomly.

Correlation Coefficient

0.32
Relationship DirectionPositive 
Relationship StrengthVery Weak

Accounts Payable

An accounting item on the balance sheet that represents Tinka Resources obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Tinka Resources are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.

Net Receivables

Most indicators from Tinka Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Tinka 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 Tinka Resources Limited. 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.
Selling General Administrative is likely to climb to about 2.1 M in 2024, whereas Issuance Of Capital Stock is likely to drop slightly above 8.2 M in 2024.
 2020 2021 2023 2024 (projected)
Interest Income99.7K141.1K162.3K154.7K
Net Interest Income99.7K141.1K162.3K154.7K

Tinka Resources fundamental ratios Correlations

0.811.0-0.6-0.930.810.70.70.990.60.220.810.630.260.990.810.270.990.27-0.550.940.920.920.920.850.84
0.810.81-0.68-0.830.990.730.730.780.710.091.00.60.410.780.880.320.80.38-0.340.760.720.740.670.560.5
1.00.81-0.6-0.930.810.70.70.990.60.220.810.630.260.990.810.260.990.27-0.550.940.920.920.920.850.84
-0.6-0.68-0.60.65-0.67-0.98-0.98-0.53-0.4-0.09-0.68-0.85-0.5-0.5-0.64-0.58-0.57-0.390.03-0.62-0.59-0.54-0.51-0.66-0.3
-0.93-0.83-0.930.65-0.83-0.69-0.69-0.92-0.76-0.23-0.83-0.69-0.46-0.9-0.83-0.31-0.92-0.530.27-0.92-0.88-0.9-0.83-0.74-0.71
0.810.990.81-0.67-0.830.730.730.790.720.20.990.610.40.780.880.320.80.4-0.350.760.730.750.680.570.52
0.70.730.7-0.98-0.690.731.00.630.40.110.730.810.40.610.660.560.660.35-0.230.670.640.590.580.720.4
0.70.730.7-0.98-0.690.731.00.630.40.110.730.810.40.610.660.560.660.35-0.230.670.640.590.580.720.4
0.990.780.99-0.53-0.920.790.630.630.60.260.780.550.21.00.790.210.980.28-0.590.920.90.910.910.810.84
0.60.710.6-0.4-0.760.720.40.40.60.320.710.460.530.590.720.020.560.66-0.020.650.610.670.520.340.43
0.220.090.22-0.09-0.230.20.110.110.260.320.090.15-0.020.220.160.050.190.41-0.10.230.270.260.30.270.31
0.811.00.81-0.68-0.830.990.730.730.780.710.090.60.410.780.880.320.80.38-0.340.760.720.740.670.560.5
0.630.60.63-0.85-0.690.610.810.810.550.460.150.60.730.50.650.60.640.390.110.710.70.650.630.740.45
0.260.410.26-0.5-0.460.40.40.40.20.53-0.020.410.730.150.510.250.290.350.410.370.330.360.20.18-0.02
0.990.780.99-0.5-0.90.780.610.611.00.590.220.780.50.150.780.170.970.24-0.610.910.890.90.910.80.85
0.810.880.81-0.64-0.830.880.660.660.790.720.160.880.650.510.780.20.790.31-0.180.860.840.870.750.650.55
0.270.320.26-0.58-0.310.320.560.560.210.020.050.320.60.250.170.20.330.290.00.260.230.150.210.430.17
0.990.80.99-0.57-0.920.80.660.660.980.560.190.80.640.290.970.790.330.24-0.520.930.910.910.910.840.84
0.270.380.27-0.39-0.530.40.350.350.280.660.410.380.390.350.240.310.290.240.210.360.320.330.240.220.19
-0.55-0.34-0.550.030.27-0.35-0.23-0.23-0.59-0.02-0.1-0.340.110.41-0.61-0.180.0-0.520.21-0.27-0.27-0.27-0.39-0.33-0.48
0.940.760.94-0.62-0.920.760.670.670.920.650.230.760.710.370.910.860.260.930.36-0.270.990.990.960.880.86
0.920.720.92-0.59-0.880.730.640.640.90.610.270.720.70.330.890.840.230.910.32-0.270.990.990.980.910.88
0.920.740.92-0.54-0.90.750.590.590.910.670.260.740.650.360.90.870.150.910.33-0.270.990.990.960.850.86
0.920.670.92-0.51-0.830.680.580.580.910.520.30.670.630.20.910.750.210.910.24-0.390.960.980.960.930.94
0.850.560.85-0.66-0.740.570.720.720.810.340.270.560.740.180.80.650.430.840.22-0.330.880.910.850.930.87
0.840.50.84-0.3-0.710.520.40.40.840.430.310.50.45-0.020.850.550.170.840.19-0.480.860.880.860.940.87
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Tinka Resources Account Relationship Matchups

Tinka Resources fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets69.3M67.1M77.9M76.5M87.9M92.3M
Total Current Liabilities781.0K596.2K652.6K656.9K755.4K793.2K
Total Stockholder Equity68.5M66.5M77.2M75.8M87.2M91.5M
Net Debt(12.8M)(4.0M)(9.6M)(7.5M)(6.7M)(6.4M)
Retained Earnings(32.1M)(34.1M)(35.1M)(36.5M)(32.9M)(31.2M)
Accounts Payable987.1K775.2K585.5K638.1K733.9K770.5K
Cash12.8M4.0M9.6M7.5M8.6M9.0M
Cash And Short Term Investments12.8M4.0M9.6M7.5M8.6M9.0M
Common Stock Shares Outstanding318.6M340.7M357.8M391.3M450.0M472.5M
Liabilities And Stockholders Equity69.3M67.1M77.9M76.5M87.9M92.3M
Other Current Assets65.0K87.9K121.0K84.8K97.5K66.2K
Other Stockholder Equity6.1M7.1M7.2M7.8M8.9M6.5M
Total Liab781.0K596.2K652.6K656.9K755.4K793.2K
Total Current Assets20.9M11.8M18.0M7.6M8.7M4.9M
Property Plant And Equipment Net48.4M55.3M59.9M55.4K63.7K60.5K
Non Current Assets Total48.4M55.3M59.9M68.9M79.2M83.2M
Other Current Liab781.0K596.2K652.6K656.9K755.4K503.3K
Net Receivables62.4K17.0K13.0K16.0K18.4K18.7K
Accumulated Other Comprehensive Income7.1M7.2M7.8M7.8M9.0M5.4M
Common Stock74.5M75.1M93.5M104.5M120.2M73.4M
Net Tangible Assets51.8M68.5M66.5M77.2M88.8M51.3M
Property Plant Equipment45.8M48.4M55.3M59.9M68.9M40.6M
Net Invested Capital51.8M68.5M66.5M77.2M88.8M64.5M
Net Working Capital5.9M20.2M11.2M17.3M19.9M13.6M

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