Trilogy Free Cash Flow vs Capital Expenditures Analysis

TMQ Stock

USD 1.10 0.02 1.85%

Trilogy Metals financial indicator trend analysis is much more than just breaking down Trilogy Metals prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Trilogy Metals is a good investment. Please check the relationship between Trilogy Metals Free Cash Flow and its Capital Expenditures accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Trilogy Metals. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

To learn how to invest in Trilogy Stock, please use our How to Invest in Trilogy Metals guide.

Free Cash Flow vs Capital Expenditures

Free Cash Flow vs Capital Expenditures Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Trilogy Metals Free Cash Flow account and Capital Expenditures. At this time, the significance of the direction appears to have strong contrarian relationship.

The correlation between Trilogy Metals' Free Cash Flow and Capital Expenditures is -0.63. Overlapping area represents the amount of variation of Free Cash Flow that can explain the historical movement of Capital Expenditures in the same time period over historical financial statements of Trilogy Metals, assuming nothing else is changed. The correlation between historical values of Trilogy Metals' Free Cash Flow and Capital Expenditures is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Free Cash Flow of Trilogy Metals are associated (or correlated) with its Capital Expenditures. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capital Expenditures has no effect on the direction of Free Cash Flow i.e., Trilogy Metals' Free Cash Flow and Capital Expenditures go up and down completely randomly.

Correlation Coefficient

-0.63

Relationship Direction	Negative
Relationship Strength	Weak

View All Relationships

Free Cash Flow

The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.

Capital Expenditures

Capital Expenditures are funds used by Trilogy Metals to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of Trilogy Metals operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.

Most indicators from Trilogy Metals' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Trilogy Metals 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 Trilogy Metals. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

To learn how to invest in Trilogy Stock, please use our How to Invest in Trilogy Metals guide.At this time, Trilogy Metals' Discontinued Operations is relatively stable compared to the past year. As of 12/23/2024, Issuance Of Capital Stock is likely to grow to about 4.2 M, while Enterprise Value Over EBITDA is likely to drop (8.35).

	2021	2023	2024 (projected)
Non Recurring	47K	42.3K	76K
Reconciled Depreciation	17K	7.2K	6.8K

Non Recurring Reconciled Depreciation

Trilogy Metals fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Cash And Short Term Investments	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Property Plant Equipment	Common Stock	Non Currrent Assets Other	Net Receivables	Common Stock Total Equity	Short Term Investments	Net Tangible Assets
Total Assets		-0.39	-0.43	0.92	0.85	-0.9	0.28	0.49	-0.29	-0.25	0.92	-0.31	0.79	-0.37	-0.39	-0.08	-0.44	-0.9	-0.33	-0.69	0.65	-0.34	-0.5	0.78	-0.31	0.91
Other Current Liab	-0.39		0.97	-0.46	-0.33	0.27	0.2	0.33	0.02	-0.21	-0.36	-0.24	-0.49	0.26	-0.5	-0.02	0.5	0.27	-0.24	0.32	-0.61	-0.03	0.53	-0.53	-0.14	-0.34
Total Current Liabilities	-0.43	0.97		-0.51	-0.35	0.31	0.19	0.24	0.22	-0.2	-0.4	-0.22	-0.46	0.34	-0.4	-0.04	0.58	0.31	-0.22	0.27	-0.58	-0.02	0.65	-0.51	-0.1	-0.39
Total Stockholder Equity	0.92	-0.46	-0.51		0.72	-0.95	0.37	0.53	-0.4	-0.35	0.99	-0.4	0.69	-0.52	-0.33	-0.05	-0.59	-0.95	-0.42	-0.74	0.58	-0.23	-0.57	0.7	-0.28	0.99
Other Liab	0.85	-0.33	-0.35	0.72		-0.79	0.13	0.12	-0.02	-0.11	0.77	-0.2	0.9	0.1	-0.3	-0.2	0.0	-0.79	-0.22	-0.51	0.77	-0.38	-0.44	0.92	-0.4	0.73
Property Plant And Equipment Net	-0.9	0.27	0.31	-0.95	-0.79		-0.53	-0.54	0.33	0.51	-0.98	0.57	-0.72	0.4	0.44	0.16	0.44	1.0	0.59	0.77	-0.58	0.3	0.5	-0.73	0.33	-0.98
Net Debt	0.28	0.2	0.19	0.37	0.13	-0.53		0.5	-0.2	-1.0	0.44	-0.97	0.15	-0.48	-0.35	-0.45	-0.37	-0.53	-0.96	-0.6	0.18	-0.02	-0.13	0.12	0.06	0.46
Retained Earnings	0.49	0.33	0.24	0.53	0.12	-0.54	0.5		-0.61	-0.49	0.53	-0.55	-0.07	-0.67	-0.69	0.18	-0.51	-0.54	-0.56	-0.33	-0.23	-0.19	-0.07	-0.09	-0.28	0.58
Accounts Payable	-0.29	0.02	0.22	-0.4	-0.02	0.33	-0.2	-0.61		0.19	-0.33	0.22	0.11	0.68	0.43	-0.13	0.65	0.33	0.24	0.02	0.1	0.07	0.63	0.06	0.09	-0.41
Cash	-0.25	-0.21	-0.2	-0.35	-0.11	0.51	-1.0	-0.49	0.19		-0.42	0.97	-0.13	0.47	0.34	0.45	0.36	0.51	0.96	0.59	-0.16	0.01	0.12	-0.1	-0.07	-0.44
Non Current Assets Total	0.92	-0.36	-0.4	0.99	0.77	-0.98	0.44	0.53	-0.33	-0.42		-0.48	0.72	-0.43	-0.39	-0.13	-0.48	-0.98	-0.5	-0.75	0.6	-0.26	-0.53	0.73	-0.33	0.99
Cash And Short Term Investments	-0.31	-0.24	-0.22	-0.4	-0.2	0.57	-0.97	-0.55	0.22	0.97	-0.48		-0.13	0.45	0.43	0.41	0.33	0.57	1.0	0.5	-0.16	0.07	0.12	-0.12	0.19	-0.5
Common Stock Shares Outstanding	0.79	-0.49	-0.46	0.69	0.9	-0.72	0.15	-0.07	0.11	-0.13	0.72	-0.13		0.08	-0.09	-0.33	-0.06	-0.72	-0.14	-0.69	0.9	-0.24	-0.48	0.98	-0.06	0.68
Non Current Liabilities Total	-0.37	0.26	0.34	-0.52	0.1	0.4	-0.48	-0.67	0.68	0.47	-0.43	0.45	0.08		0.19	-0.18	0.97	0.4	0.45	0.39	0.06	-0.06	0.36	0.08	-0.1	-0.5
Other Current Assets	-0.39	-0.5	-0.4	-0.33	-0.3	0.44	-0.35	-0.69	0.43	0.34	-0.39	0.43	-0.09	0.19		0.01	0.05	0.44	0.45	0.13	0.08	-0.18	0.05	-0.07	0.38	-0.42
Other Stockholder Equity	-0.08	-0.02	-0.04	-0.05	-0.2	0.16	-0.45	0.18	-0.13	0.45	-0.13	0.41	-0.33	-0.18	0.01		-0.17	0.16	0.41	0.24	-0.6	-0.1	0.36	-0.36	-0.15	-0.13
Total Liab	-0.44	0.5	0.58	-0.59	0.0	0.44	-0.37	-0.51	0.65	0.36	-0.48	0.33	-0.06	0.97	0.05	-0.17		0.44	0.33	0.41	-0.11	-0.06	0.49	-0.07	-0.12	-0.54
Property Plant And Equipment Gross	-0.9	0.27	0.31	-0.95	-0.79	1.0	-0.53	-0.54	0.33	0.51	-0.98	0.57	-0.72	0.4	0.44	0.16	0.44		0.59	0.77	-0.58	0.3	0.5	-0.73	0.33	-0.98
Total Current Assets	-0.33	-0.24	-0.22	-0.42	-0.22	0.59	-0.96	-0.56	0.24	0.96	-0.5	1.0	-0.14	0.45	0.45	0.41	0.33	0.59		0.5	-0.17	0.08	0.14	-0.14	0.2	-0.52
Property Plant Equipment	-0.69	0.32	0.27	-0.74	-0.51	0.77	-0.6	-0.33	0.02	0.59	-0.75	0.5	-0.69	0.39	0.13	0.24	0.41	0.77	0.5		-0.56	0.13	0.28	-0.61	-0.25	-0.75
Common Stock	0.65	-0.61	-0.58	0.58	0.77	-0.58	0.18	-0.23	0.1	-0.16	0.6	-0.16	0.9	0.06	0.08	-0.6	-0.11	-0.58	-0.17	-0.56		-0.1	-0.62	0.93	-0.01	0.57
Non Currrent Assets Other	-0.34	-0.03	-0.02	-0.23	-0.38	0.3	-0.02	-0.19	0.07	0.01	-0.26	0.07	-0.24	-0.06	-0.18	-0.1	-0.06	0.3	0.08	0.13	-0.1		0.1	-0.23	0.27	-0.21
Net Receivables	-0.5	0.53	0.65	-0.57	-0.44	0.5	-0.13	-0.07	0.63	0.12	-0.53	0.12	-0.48	0.36	0.05	0.36	0.49	0.5	0.14	0.28	-0.62	0.1		-0.56	-0.02	-0.56
Common Stock Total Equity	0.78	-0.53	-0.51	0.7	0.92	-0.73	0.12	-0.09	0.06	-0.1	0.73	-0.12	0.98	0.08	-0.07	-0.36	-0.07	-0.73	-0.14	-0.61	0.93	-0.23	-0.56		-0.16	0.7
Short Term Investments	-0.31	-0.14	-0.1	-0.28	-0.4	0.33	0.06	-0.28	0.09	-0.07	-0.33	0.19	-0.06	-0.1	0.38	-0.15	-0.12	0.33	0.2	-0.25	-0.01	0.27	-0.02	-0.16		-0.29
Net Tangible Assets	0.91	-0.34	-0.39	0.99	0.73	-0.98	0.46	0.58	-0.41	-0.44	0.99	-0.5	0.68	-0.5	-0.42	-0.13	-0.54	-0.98	-0.52	-0.75	0.57	-0.21	-0.56	0.7	-0.29

Click cells to compare fundamentals

Trilogy Metals Account Relationship Matchups

Trilogy Metals fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	185.3M	167.3M	146.0M	138.0M	158.7M	84.1M
Other Current Liab	662K	647K	157K	286K	257.4K	244.5K
Total Current Liabilities	1.0M	1.0M	534K	465K	418.5K	397.6K
Total Stockholder Equity	183.8M	166.0M	145.4M	137.6M	158.2M	166.1M
Property Plant And Equipment Net	682K	630K	331K	117K	105.3K	100.0K
Net Debt	(10.6M)	(5.9M)	(2.4M)	(2.6M)	(2.3M)	(2.4M)
Retained Earnings	(20.9M)	(42.6M)	(66.9M)	(81.8M)	(73.6M)	(77.3M)
Accounts Payable	226K	205K	188K	146K	167.9K	159.5K
Cash	11.1M	6.3M	2.6M	2.6M	3.0M	2.8M
Non Current Assets Total	173.8M	160.7M	143.1M	135.1M	155.4M	163.2M
Cash And Short Term Investments	11.1M	6.3M	2.6M	2.8M	3.3M	3.1M
Common Stock Shares Outstanding	144.6M	144.4M	145.7M	152.6M	175.5M	108.7M
Liabilities And Stockholders Equity	185.3M	167.3M	146.0M	138.0M	158.7M	84.1M
Non Current Liabilities Total	408K	235K	33K	202K	232.3K	220.7K
Other Current Assets	313K	285K	814K	259K	297.9K	562.0K
Other Stockholder Equity	25.0M	27.8M	30.1M	31.5M	28.3M	28.1M
Total Liab	1.5M	1.3M	567K	465K	418.5K	397.6K
Property Plant And Equipment Gross	682K	832K	372K	117K	105.3K	100.0K
Total Current Assets	11.4M	6.6M	2.9M	2.9M	3.3M	3.1M
Property Plant Equipment	31.3M	206K	148K	12K	10.8K	10.3K
Common Stock	179.7M	180.8M	182.2M	187.9M	216.1M	146.0M
Non Currrent Assets Other	476K	482K	(111.9M)	30.9M	27.8M	29.2M
Net Receivables	129K	19K	17K	33K	29.7K	28.2K
Common Stock Total Equity	178.0M	179.7M	180.8M	182.2M	209.5M	160.3M
Short Term Investments	184.0	285.0	320.0	259K	233.1K	221.4K
Net Tangible Assets	18.3M	183.8M	166.0M	145.4M	167.2M	175.6M
Retained Earnings Total Equity	(182.7M)	(20.9M)	(42.6M)	(66.9M)	(76.9M)	(80.7M)
Capital Surpluse	23.0M	25.0M	27.8M	30.1M	34.6M	22.6M
Net Invested Capital	183.8M	166.0M	145.4M	137.6M	158.2M	111.4M
Non Current Liabilities Other	31M	408K	235K	33K	29.7K	28.2K
Net Working Capital	10.4M	5.6M	2.4M	2.4M	2.2M	2.1M
Capital Stock	179.7M	180.8M	182.2M	187.9M	216.1M	196.7M

Pair Trading with Trilogy Metals

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Trilogy Metals position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Trilogy Metals will appreciate offsetting losses from the drop in the long position's value.

Moving against Trilogy Stock

0.88	FMST	Foremost Lithium Resource	Pair Corr
0.83	BHP	BHP Group Limited	Pair Corr
0.83	XPL	Solitario Exploration	Pair Corr
0.81	NB	NioCorp Developments	Pair Corr
0.8	VALE	Vale SA ADR	Pair Corr

The ability to find closely correlated positions to Trilogy Metals could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Trilogy Metals when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Trilogy Metals - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Trilogy Metals to buy it.

The correlation of Trilogy Metals is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Trilogy Metals moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Trilogy Metals moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Trilogy Metals can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

Additional Tools for Trilogy Stock Analysis

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

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