Anax Inventory vs Net Debt Analysis

ANX Stock

0.01 0.0005 4.76%

Anax Metals financial indicator trend analysis is way more than just evaluating Anax Metals prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Anax Metals is a good investment. Please check the relationship between Anax Metals Inventory and its Net Debt accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Anax 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 board of governors.

Inventory vs Net Debt

Inventory vs Net Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Anax Metals Inventory account and Net Debt. At this time, the significance of the direction appears to have very week relationship.

The correlation between Anax Metals' Inventory and Net Debt is 0.29. Overlapping area represents the amount of variation of Inventory that can explain the historical movement of Net Debt in the same time period over historical financial statements of Anax Metals, assuming nothing else is changed. The correlation between historical values of Anax Metals' Inventory and Net Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Inventory of Anax Metals are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Inventory i.e., Anax Metals' Inventory and Net Debt go up and down completely randomly.

Correlation Coefficient

0.29

Relationship Direction	Positive
Relationship Strength	Very Weak

View All Relationships

Inventory

Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.

Most indicators from Anax Metals' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Anax 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Anax 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 board of governors.

Selling General Administrative is likely to drop to about 1.2 M in 2024. Issuance Of Capital Stock is likely to drop to about 29.5 K in 2024

	2023	2024 (projected)
Minority Interest	738.5K	679.2K
Reconciled Depreciation	156.4K	164.2K

Minority Interest Reconciled Depreciation

Anax Metals fundamental ratios Correlations

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Other Current Assets	Total Liab	Total Current Assets	Common Stock	Inventory	Cash And Equivalents	Property Plant Equipment	Net Tangible Assets	Other Stockholder Equity	Net Invested Capital	Long Term Investments	Net Working Capital	Other Current Liab	Capital Stock
Total Assets		0.97	0.85	0.87	0.13	-0.36	0.32	0.13	0.97	0.17	-0.1	0.95	0.28	0.97	0.15	0.61	0.23	0.95	0.98	0.87	0.48	0.87	-0.66	-0.63	0.94	0.93
Total Current Liabilities	0.97		0.76	0.93	0.29	-0.32	0.3	-0.02	0.98	0.02	-0.14	0.97	0.28	0.95	-0.01	0.55	0.28	0.92	0.98	0.83	0.41	0.83	-0.71	-0.7	0.91	0.95
Total Stockholder Equity	0.85	0.76		0.65	-0.15	-0.37	0.38	0.34	0.77	0.34	0.02	0.78	0.4	0.76	0.33	0.73	0.08	0.8	0.77	0.92	0.65	0.92	-0.39	-0.5	0.83	0.84
Property Plant And Equipment Net	0.87	0.93	0.65		0.15	-0.28	0.3	0.09	0.85	0.16	-0.11	0.86	0.09	0.86	0.13	0.46	0.24	0.83	0.86	0.7	0.31	0.68	-0.64	-0.48	0.8	0.84
Net Debt	0.13	0.29	-0.15	0.15		0.0	-0.22	-0.94	0.35	-0.93	-0.21	0.31	0.05	0.24	-0.92	0.05	0.29	0.09	0.32	0.09	-0.12	0.13	-0.47	-0.53	0.22	0.32
Retained Earnings	-0.36	-0.32	-0.37	-0.28	0.0		-0.19	-0.11	-0.32	-0.13	-0.12	-0.45	-0.27	-0.29	-0.15	-0.84	0.1	-0.19	-0.31	-0.15	0.05	-0.16	0.38	0.28	-0.26	-0.29
Accounts Payable	0.32	0.3	0.38	0.3	-0.22	-0.19		0.25	0.26	0.24	0.0	0.28	-0.2	0.27	0.22	0.3	0.12	0.34	0.23	0.41	0.25	0.37	0.04	0.03	0.31	0.22
Cash	0.13	-0.02	0.34	0.09	-0.94	-0.11	0.25		-0.1	0.97	0.2	-0.05	0.12	-0.01	0.96	0.06	-0.24	0.16	-0.06	0.08	0.24	0.05	0.33	0.28	-0.04	-0.09
Non Current Assets Total	0.97	0.98	0.77	0.85	0.35	-0.32	0.26	-0.1		-0.06	-0.18	0.97	0.27	0.97	-0.09	0.58	0.32	0.91	0.99	0.85	0.42	0.85	-0.72	-0.73	0.94	0.95
Cash And Short Term Investments	0.17	0.02	0.34	0.16	-0.93	-0.13	0.24	0.97	-0.06		0.14	0.01	-0.01	0.06	0.98	0.11	-0.19	0.2	-0.02	0.1	0.22	0.06	0.18	0.38	0.03	-0.05
Net Receivables	-0.1	-0.14	0.02	-0.11	-0.21	-0.12	0.0	0.2	-0.18	0.14		-0.14	0.11	-0.17	0.33	-0.01	-0.98	-0.03	-0.15	-0.06	0.11	-0.06	0.32	0.12	-0.17	-0.15
Common Stock Shares Outstanding	0.95	0.97	0.78	0.86	0.31	-0.45	0.28	-0.05	0.97	0.01	-0.14		0.29	0.93	-0.02	0.66	0.28	0.88	0.97	0.82	0.43	0.82	-0.75	-0.7	0.9	0.94
Other Current Assets	0.28	0.28	0.4	0.09	0.05	-0.27	-0.2	0.12	0.27	-0.01	0.11	0.29		0.18	0.03	0.31	-0.1	0.22	0.31	0.27	0.09	0.33	-0.16	-0.68	0.22	0.39
Total Liab	0.97	0.95	0.76	0.86	0.24	-0.29	0.27	-0.01	0.97	0.06	-0.17	0.93	0.18		0.03	0.57	0.29	0.91	0.97	0.85	0.39	0.85	-0.75	-0.58	0.97	0.92
Total Current Assets	0.15	-0.01	0.33	0.13	-0.92	-0.15	0.22	0.96	-0.09	0.98	0.33	-0.02	0.03	0.03		0.11	-0.37	0.19	-0.04	0.09	0.24	0.05	0.23	0.38	0.0	-0.08
Common Stock	0.61	0.55	0.73	0.46	0.05	-0.84	0.3	0.06	0.58	0.11	-0.01	0.66	0.31	0.57	0.11		0.07	0.45	0.56	0.58	0.24	0.59	-0.55	-0.39	0.63	0.63
Inventory	0.23	0.28	0.08	0.24	0.29	0.1	0.12	-0.24	0.32	-0.19	-0.98	0.28	-0.1	0.29	-0.37	0.07		0.17	0.28	0.17	-0.03	0.18	-0.38	-0.22	0.28	0.28
Cash And Equivalents	0.95	0.92	0.8	0.83	0.09	-0.19	0.34	0.16	0.91	0.2	-0.03	0.88	0.22	0.91	0.19	0.45	0.17		0.92	0.87	0.63	0.87	-0.5	-0.54	0.86	0.87
Property Plant Equipment	0.98	0.98	0.77	0.86	0.32	-0.31	0.23	-0.06	0.99	-0.02	-0.15	0.97	0.31	0.97	-0.04	0.56	0.28	0.92		0.85	0.42	0.86	-0.74	-0.72	0.94	0.96
Net Tangible Assets	0.87	0.83	0.92	0.7	0.09	-0.15	0.41	0.08	0.85	0.1	-0.06	0.82	0.27	0.85	0.09	0.58	0.17	0.87	0.85		0.68	1.0	-0.47	-0.53	0.93	0.91
Other Stockholder Equity	0.48	0.41	0.65	0.31	-0.12	0.05	0.25	0.24	0.42	0.22	0.11	0.43	0.09	0.39	0.24	0.24	-0.03	0.63	0.42	0.68		0.67	0.11	-0.2	0.44	0.48
Net Invested Capital	0.87	0.83	0.92	0.68	0.13	-0.16	0.37	0.05	0.85	0.06	-0.06	0.82	0.33	0.85	0.05	0.59	0.18	0.87	0.86	1.0	0.67		-0.49	-0.57	0.93	0.92
Long Term Investments	-0.66	-0.71	-0.39	-0.64	-0.47	0.38	0.04	0.33	-0.72	0.18	0.32	-0.75	-0.16	-0.75	0.23	-0.55	-0.38	-0.5	-0.74	-0.47	0.11	-0.49		0.47	-0.73	-0.72
Net Working Capital	-0.63	-0.7	-0.5	-0.48	-0.53	0.28	0.03	0.28	-0.73	0.38	0.12	-0.7	-0.68	-0.58	0.38	-0.39	-0.22	-0.54	-0.72	-0.53	-0.2	-0.57	0.47		-0.57	-0.72
Other Current Liab	0.94	0.91	0.83	0.8	0.22	-0.26	0.31	-0.04	0.94	0.03	-0.17	0.9	0.22	0.97	0.0	0.63	0.28	0.86	0.94	0.93	0.44	0.93	-0.73	-0.57		0.95
Capital Stock	0.93	0.95	0.84	0.84	0.32	-0.29	0.22	-0.09	0.95	-0.05	-0.15	0.94	0.39	0.92	-0.08	0.63	0.28	0.87	0.96	0.91	0.48	0.92	-0.72	-0.72	0.95

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Anax Metals Account Relationship Matchups

Anax Metals fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	5.8M	35.6M	40.1M	36.7M	43.3M	45.4M
Total Current Liabilities	209.2K	4.5M	6.4M	4.9M	8.2M	8.7M
Total Stockholder Equity	5.6M	12.9M	18.7M	17.0M	22.3M	11.6M
Property Plant And Equipment Net	2.2K	26.2M	31.2M	569.7K	38.7M	40.6M
Net Debt	(3.1M)	(6.5M)	(7.2M)	(18.0K)	(1.3M)	(1.4M)
Retained Earnings	(38.3M)	(38.1M)	(36.6M)	(39.5M)	(41.7M)	(43.8M)
Accounts Payable	104.3K	260.6K	866.1K	238.0K	297.2K	343.7K
Cash	3.1M	6.7M	7.3M	1.7M	4.1M	5.7M
Non Current Assets Total	2.2K	26.2M	31.2M	34.7M	38.7M	40.6M
Cash And Short Term Investments	5.7M	9.2M	8.6M	1.7M	4.1M	6.0M
Net Receivables	71.3K	135.7K	333.2K	135.8K	320.9K	395.7K
Common Stock Shares Outstanding	208.8M	300.4M	428.9M	407.8M	496.7M	521.6M
Liabilities And Stockholders Equity	5.8M	35.6M	40.1M	36.7M	43.3M	45.4M
Other Current Assets	13.1K	2.7K	11.6K	79.0K	81.6K	46.0K
Total Liab	209.2K	22.7M	21.4M	19.7M	21.0M	22.0M
Total Current Assets	5.8M	9.4M	9.0M	2.0M	4.6M	6.4M
Common Stock	38.4M	44.7M	48.9M	49.0M	56.7M	37.0M
Cash And Equivalents	1.6M	1.1M	3.1M	6.7M	7.7M	8.1M
Property Plant Equipment	2.2K	26.2M	31.2M	34.7M	39.9M	41.9M
Net Tangible Assets	5.6M	12.9M	18.7M	17.0M	19.6M	11.1M
Other Stockholder Equity	5.6M	6.3M	6.4M	7.5M	8.6M	5.9M
Net Invested Capital	5.6M	12.9M	18.7M	18.6M	21.4M	11.3M
Net Working Capital	5.6M	4.9M	2.6M	(2.9M)	(2.6M)	(2.5M)
Other Current Liab	105.0K	4.1M	5.4M	4.6M	5.2M	3.1M
Short Term Investments	2.6M	2.5M	1.3M	64.1K	73.7K	70.1K
Capital Stock	38.4M	44.7M	48.9M	49.0M	56.3M	48.0M

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