| ATM Stock | | | 2.75 0.40 17.02% |
AfriTin Mining financial indicator trend analysis is way more than just evaluating AfriTin Mining prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether AfriTin Mining is a good investment. Please check the relationship between AfriTin Mining Reconciled Depreciation and its Minority Interest accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in AfriTin Mining. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in bureau of economic analysis.
Reconciled Depreciation vs Minority Interest
Reconciled Depreciation vs Minority Interest Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
AfriTin Mining Reconciled Depreciation account and
Minority Interest. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between AfriTin Mining's Reconciled Depreciation and Minority Interest is 0.59. Overlapping area represents the amount of variation of Reconciled Depreciation that can explain the historical movement of Minority Interest in the same time period over historical financial statements of AfriTin Mining, assuming nothing else is changed. The correlation between historical values of AfriTin Mining's Reconciled Depreciation and Minority Interest is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Reconciled Depreciation of AfriTin Mining are associated (or correlated) with its Minority Interest. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Minority Interest has no effect on the direction of Reconciled Depreciation i.e., AfriTin Mining's Reconciled Depreciation and Minority Interest go up and down completely randomly.
Correlation Coefficient | 0.59 |
| Relationship Direction | Positive |
| Relationship Strength | Weak |
Reconciled Depreciation
Minority Interest
Minority Interest is the portion of a subsidiary corporation stock that is not owned by the parent corporation. The magnitude of the minority interest in the subsidiary company is generally less than 50% of outstanding shares, otherwise the corporation would generally cease to be a subsidiary of the parent. Minority Interest can also be called non-controlling interest.All shareholders of AfriTin Mining whose combined shares represent less than 50% of the total outstanding shares issued by AfriTin Mining have a minority interest in AfriTin Mining.
Most indicators from AfriTin Mining's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into AfriTin Mining 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 AfriTin Mining. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in bureau of economic analysis.
At present, AfriTin Mining's
Tax Provision is projected to decrease significantly based on the last few years of reporting.
| 2021 | 2022 | 2023 | 2024 (projected) |
Reconciled Depreciation | 1.9M | 2.4M | 3.4M | 3.5M | Interest Income | 6.5K | 39.1K | 212.0K | 222.6K |
AfriTin Mining fundamental ratios Correlations
Click cells to compare fundamentals
AfriTin Mining Account Relationship Matchups
High Positive Relationship
High Negative Relationship
AfriTin Mining fundamental ratios Accounts
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Other Information on Investing in AfriTin Stock
Balance Sheet is a snapshot of the
financial position of AfriTin Mining at a specified time, usually calculated after every quarter, six months, or one year. AfriTin Mining Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of AfriTin Mining and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which AfriTin currently owns. An asset can also be divided into two categories, current and non-current.