Zanaga Other Operating Expenses vs Net Income From Continuing Ops Analysis
ZIOC Stock | 4.00 0.16 4.17% |
Zanaga Iron financial indicator trend analysis is more than just analyzing Zanaga Iron Ore current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Zanaga Iron Ore is a good investment. Please check the relationship between Zanaga Iron Other Operating Expenses and its Net Income From Continuing Ops accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Zanaga Iron Ore. 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.
Other Operating Expenses vs Net Income From Continuing Ops
Other Operating Expenses vs Net Income From Continuing Ops Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Zanaga Iron Ore Other Operating Expenses account and Net Income From Continuing Ops. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Zanaga Iron's Other Operating Expenses and Net Income From Continuing Ops is -0.21. Overlapping area represents the amount of variation of Other Operating Expenses that can explain the historical movement of Net Income From Continuing Ops in the same time period over historical financial statements of Zanaga Iron Ore, assuming nothing else is changed. The correlation between historical values of Zanaga Iron's Other Operating Expenses and Net Income From Continuing Ops 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 Operating Expenses of Zanaga Iron Ore are associated (or correlated) with its Net Income From Continuing Ops. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income From Continuing Ops has no effect on the direction of Other Operating Expenses i.e., Zanaga Iron's Other Operating Expenses and Net Income From Continuing Ops go up and down completely randomly.
Correlation Coefficient | -0.21 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Zanaga Iron Ore. It is also known as Zanaga Iron overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.Net Income From Continuing Ops
Most indicators from Zanaga Iron's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Zanaga Iron Ore 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 Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Zanaga Iron Ore. 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 drop to about 2.3 M in 2024. Issuance Of Capital Stock is likely to drop to about 677.2 K in 2024
Zanaga Iron fundamental ratios Correlations
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Zanaga Iron Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Zanaga Iron fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 38.3M | 37.8M | 37.9M | 86.4M | 88.0M | 88.5M | |
Total Current Liabilities | 175K | 184K | 153K | 1.1M | 2.1M | 2.2M | |
Total Stockholder Equity | 38.1M | 37.6M | 37.7M | 85.2M | 85.8M | 88.0M | |
Net Debt | (755K) | (352K) | (387K) | 190K | 901K | 946.1K | |
Retained Earnings | (232.8M) | (234.6M) | (236.5M) | (228.4M) | (231.1M) | (242.7M) | |
Accounts Payable | 175K | 184K | 153K | 279K | 423K | 320.2K | |
Cash | 755K | 352K | 387K | 310K | 899K | 854.1K | |
Non Current Assets Total | 37.5M | 37.4M | 37.3M | 86.0M | 85.9M | 77.7M | |
Non Currrent Assets Other | 37.5M | (37.5K) | (37.4K) | (37.3K) | (33.5K) | (31.9K) | |
Cash And Short Term Investments | 755K | 352K | 387K | 310K | 899K | 854.1K | |
Common Stock Shares Outstanding | 286.0M | 293.0M | 307.0M | 318.8M | 645.0M | 326.1M | |
Liabilities And Stockholders Equity | 38.3M | 37.8M | 37.9M | 86.4M | 88.0M | 88.5M | |
Non Current Liabilities Total | 175K | 184K | 153K | 104K | 93.6K | 88.9K | |
Other Current Assets | 48K | 58K | 233K | 113K | 1.2M | 1.3M | |
Total Liab | 175K | 184K | 153K | 1.2M | 2.2M | 2.3M | |
Total Current Assets | 803K | 410K | 620K | 423K | 2.1M | 2.0M | |
Common Stock | 267.6M | 268.9M | 270.9M | 313.7M | 317.0M | 295.7M | |
Accumulated Other Comprehensive Income | 3.3K | 3.3K | 3.3K | (69.0) | (69K) | (65.6K) | |
Net Tangible Assets | 39.4M | 38.1M | 37.6M | 37.7M | 34.0M | 51.3M | |
Net Invested Capital | 38.1M | 37.6M | 37.7M | 85.6M | 87.5M | 57.7M | |
Net Working Capital | 628K | 226K | 467K | (697K) | (27K) | (25.7K) | |
Capital Stock | 267.6M | 268.9M | 270.9M | 313.7M | 317.0M | 312.6M |
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