Trio Capex To Depreciation vs Free Cash Flow Per Share Analysis

TPET Stock   0.87  0.06  6.15%   
Trio Petroleum financial indicator trend analysis is much more than just breaking down Trio Petroleum Corp prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Trio Petroleum Corp is a good investment. Please check the relationship between Trio Petroleum Capex To Depreciation and its Free Cash Flow Per Share accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Trio Petroleum 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 income.

Capex To Depreciation vs Free Cash Flow Per Share

Capex To Depreciation vs Free Cash Flow Per Share Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Trio Petroleum Corp Capex To Depreciation account and Free Cash Flow Per Share. At this time, the significance of the direction appears to have strong relationship.
The correlation between Trio Petroleum's Capex To Depreciation and Free Cash Flow Per Share is 0.77. Overlapping area represents the amount of variation of Capex To Depreciation that can explain the historical movement of Free Cash Flow Per Share in the same time period over historical financial statements of Trio Petroleum Corp, assuming nothing else is changed. The correlation between historical values of Trio Petroleum's Capex To Depreciation and Free Cash Flow Per Share is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Capex To Depreciation of Trio Petroleum Corp are associated (or correlated) with its Free Cash Flow Per Share. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow Per Share has no effect on the direction of Capex To Depreciation i.e., Trio Petroleum's Capex To Depreciation and Free Cash Flow Per Share go up and down completely randomly.

Correlation Coefficient

0.77
Relationship DirectionPositive 
Relationship StrengthSignificant

Capex To Depreciation

The ratio of a company's capital expenditures to its depreciation expenses, indicating how much the company is investing in physical assets relative to the aging of existing assets.

Free Cash Flow Per Share

The amount of cash a company generates after accounting for capital expenditures, divided by the number of outstanding shares. It represents the cash available for dividends, share buybacks, or debt repayment per share.
Most indicators from Trio Petroleum's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Trio Petroleum 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 Trio Petroleum 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 income.
Issuance Of Capital Stock is likely to gain to about 8.1 M in 2024, whereas Selling General Administrative is likely to drop slightly above 2.7 M in 2024.
 2021 2023 2024 (projected)
Interest Expense1.7M910.6K903.0K
Depreciation And Amortization2.8K3.2K2.2K

Trio Petroleum fundamental ratios Correlations

-0.780.46-0.510.920.97-0.940.84-0.95-0.84-0.960.770.960.980.46-0.660.960.95-0.660.870.920.210.98-0.510.980.81
-0.78-0.450.89-0.92-0.60.58-0.940.70.990.81-0.27-0.88-0.87-0.380.7-0.88-0.550.7-0.44-0.490.41-0.840.89-0.83-0.9
0.46-0.45-0.390.540.39-0.450.41-0.55-0.51-0.580.340.580.430.990.090.580.450.090.20.510.050.57-0.390.480.43
-0.510.89-0.39-0.8-0.290.22-0.890.340.840.490.14-0.71-0.66-0.280.39-0.71-0.230.39-0.05-0.180.72-0.641.0-0.65-0.89
0.92-0.920.54-0.80.8-0.740.98-0.8-0.94-0.870.460.990.970.49-0.560.990.76-0.560.60.73-0.170.97-0.80.970.97
0.97-0.60.39-0.290.8-0.980.69-0.94-0.68-0.910.890.860.910.42-0.590.860.99-0.60.950.980.440.91-0.280.910.67
-0.940.58-0.450.22-0.74-0.98-0.610.980.680.94-0.94-0.82-0.86-0.490.63-0.82-0.980.63-0.96-0.97-0.5-0.880.21-0.86-0.57
0.84-0.940.41-0.890.980.69-0.61-0.67-0.94-0.770.30.940.930.34-0.580.940.63-0.580.480.58-0.350.9-0.890.920.99
-0.950.7-0.550.34-0.8-0.940.98-0.670.780.99-0.87-0.87-0.88-0.580.66-0.87-0.940.66-0.9-0.93-0.37-0.910.34-0.88-0.63
-0.840.99-0.510.84-0.94-0.680.68-0.940.780.87-0.38-0.92-0.91-0.450.71-0.92-0.640.71-0.53-0.60.29-0.90.84-0.88-0.9
-0.960.81-0.580.49-0.87-0.910.94-0.770.990.87-0.78-0.92-0.93-0.580.7-0.92-0.90.7-0.84-0.88-0.21-0.950.49-0.91-0.73
0.77-0.270.340.140.460.89-0.940.3-0.87-0.38-0.780.580.630.43-0.470.580.92-0.470.950.930.770.660.140.640.26
0.96-0.880.58-0.710.990.86-0.820.94-0.87-0.92-0.920.580.980.55-0.561.00.84-0.560.690.81-0.030.99-0.710.990.93
0.98-0.870.43-0.660.970.91-0.860.93-0.88-0.91-0.930.630.980.41-0.670.980.87-0.680.770.830.020.99-0.660.990.91
0.46-0.380.99-0.280.490.42-0.490.34-0.58-0.45-0.580.430.550.410.110.550.50.110.260.560.180.55-0.280.460.36
-0.660.70.090.39-0.56-0.590.63-0.580.660.710.7-0.47-0.56-0.670.11-0.56-0.521.0-0.67-0.440.03-0.580.39-0.59-0.48
0.96-0.880.58-0.710.990.86-0.820.94-0.87-0.92-0.920.581.00.980.55-0.560.84-0.560.690.81-0.030.99-0.710.990.93
0.95-0.550.45-0.230.760.99-0.980.63-0.94-0.64-0.90.920.840.870.5-0.520.84-0.520.940.990.50.89-0.230.890.62
-0.660.70.090.39-0.56-0.60.63-0.580.660.710.7-0.47-0.56-0.680.111.0-0.56-0.52-0.67-0.450.03-0.590.39-0.6-0.49
0.87-0.440.2-0.050.60.95-0.960.48-0.9-0.53-0.840.950.690.770.26-0.670.690.94-0.670.920.60.76-0.040.760.44
0.92-0.490.51-0.180.730.98-0.970.58-0.93-0.6-0.880.930.810.830.56-0.440.810.99-0.450.920.550.87-0.180.850.57
0.210.410.050.72-0.170.44-0.5-0.35-0.370.29-0.210.77-0.030.020.180.03-0.030.50.030.60.550.070.720.04-0.35
0.98-0.840.57-0.640.970.91-0.880.9-0.91-0.9-0.950.660.990.990.55-0.580.990.89-0.590.760.870.07-0.640.990.89
-0.510.89-0.391.0-0.8-0.280.21-0.890.340.840.490.14-0.71-0.66-0.280.39-0.71-0.230.39-0.04-0.180.72-0.64-0.65-0.89
0.98-0.830.48-0.650.970.91-0.860.92-0.88-0.88-0.910.640.990.990.46-0.590.990.89-0.60.760.850.040.99-0.650.91
0.81-0.90.43-0.890.970.67-0.570.99-0.63-0.9-0.730.260.930.910.36-0.480.930.62-0.490.440.57-0.350.89-0.890.91
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Trio Petroleum Account Relationship Matchups

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