Bitterroot Research Development vs Ebitda Analysis

BTT Stock  CAD 0.05  0.01  25.00%   
Bitterroot Resources financial indicator trend analysis is way more than just evaluating Bitterroot Resources prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Bitterroot Resources is a good investment. Please check the relationship between Bitterroot Resources Research Development and its Ebitda accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Bitterroot Resources. 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.

Research Development vs Ebitda

Research Development vs Ebitda Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Bitterroot Resources Research Development account and Ebitda. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Bitterroot Resources' Research Development and Ebitda is -0.09. Overlapping area represents the amount of variation of Research Development that can explain the historical movement of Ebitda in the same time period over historical financial statements of Bitterroot Resources, assuming nothing else is changed. The correlation between historical values of Bitterroot Resources' Research Development and Ebitda is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Research Development of Bitterroot Resources are associated (or correlated) with its Ebitda. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Ebitda has no effect on the direction of Research Development i.e., Bitterroot Resources' Research Development and Ebitda go up and down completely randomly.

Correlation Coefficient

-0.09
Relationship DirectionNegative 
Relationship StrengthInsignificant

Research Development

Ebitda

Most indicators from Bitterroot Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Bitterroot Resources 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 Bitterroot Resources. 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.
At this time, Bitterroot Resources' Selling General Administrative is fairly stable compared to the past year. Enterprise Value is likely to climb to about 6.5 M in 2024, whereas Issuance Of Capital Stock is likely to drop slightly above 218.5 K in 2024.

Bitterroot Resources fundamental ratios Correlations

0.21-0.1-0.160.990.96-0.78-0.380.960.43-0.350.23-0.150.79-0.070.49-0.110.80.80.3-0.530.570.05-0.080.490.34
0.21-0.160.450.150.15-0.01-0.260.21-0.03-0.410.230.460.140.790.310.420.150.15-0.12-0.120.140.160.010.230.87
-0.1-0.160.49-0.17-0.120.28-0.370.00.09-0.450.40.6-0.30.010.39-0.1-0.29-0.29-0.520.04-0.140.41-0.440.07-0.16
-0.160.450.49-0.26-0.170.6-0.41-0.020.13-0.570.570.9-0.540.670.410.58-0.53-0.53-0.48-0.26-0.260.29-0.470.060.28
0.990.15-0.17-0.260.96-0.81-0.310.940.44-0.270.18-0.260.82-0.130.43-0.150.830.830.35-0.520.610.01-0.070.50.3
0.960.15-0.12-0.170.96-0.71-0.470.950.34-0.360.19-0.150.71-0.090.53-0.110.720.720.31-0.610.390.1-0.060.330.26
-0.78-0.010.280.6-0.81-0.71-0.13-0.61-0.14-0.030.310.5-0.990.330.020.3-0.99-0.99-0.520.07-0.580.31-0.33-0.29-0.16
-0.38-0.26-0.37-0.41-0.31-0.47-0.13-0.56-0.220.64-0.62-0.480.1-0.2-0.94-0.140.090.090.240.650.05-0.720.38-0.2-0.24
0.960.210.0-0.020.940.95-0.61-0.560.46-0.440.36-0.050.620.030.66-0.030.630.630.2-0.670.480.17-0.220.490.32
0.43-0.030.090.130.440.34-0.14-0.220.46-0.310.7-0.10.14-0.120.340.120.150.15-0.14-0.390.730.18-0.770.830.32
-0.35-0.41-0.45-0.57-0.27-0.36-0.030.64-0.44-0.31-0.56-0.570.0-0.33-0.63-0.38-0.03-0.030.230.42-0.13-0.270.36-0.34-0.47
0.230.230.40.570.180.190.31-0.620.360.7-0.560.48-0.270.250.670.17-0.25-0.25-0.63-0.370.350.6-0.750.650.43
-0.150.460.60.9-0.26-0.150.5-0.48-0.05-0.1-0.570.48-0.440.540.430.36-0.42-0.42-0.53-0.05-0.320.42-0.23-0.040.29
0.790.14-0.3-0.540.820.71-0.990.10.620.140.0-0.27-0.44-0.250.01-0.261.01.00.49-0.060.6-0.260.340.320.28
-0.070.790.010.67-0.13-0.090.33-0.20.03-0.12-0.330.250.54-0.250.250.62-0.24-0.24-0.31-0.23-0.19-0.02-0.15-0.010.54
0.490.310.390.410.430.530.02-0.940.660.34-0.630.670.430.010.250.130.030.03-0.2-0.680.160.65-0.430.420.32
-0.110.42-0.10.58-0.15-0.110.3-0.14-0.030.12-0.380.170.36-0.260.620.13-0.25-0.25-0.11-0.31-0.13-0.25-0.130.020.35
0.80.15-0.29-0.530.830.72-0.990.090.630.15-0.03-0.25-0.421.0-0.240.03-0.251.00.48-0.070.6-0.250.320.340.29
0.80.15-0.29-0.530.830.72-0.990.090.630.15-0.03-0.25-0.421.0-0.240.03-0.251.00.48-0.070.6-0.250.320.340.29
0.3-0.12-0.52-0.480.350.31-0.520.240.2-0.140.23-0.63-0.530.49-0.31-0.2-0.110.480.48-0.270.08-0.40.39-0.15-0.27
-0.53-0.120.04-0.26-0.52-0.610.070.65-0.67-0.390.42-0.37-0.05-0.06-0.23-0.68-0.31-0.07-0.07-0.27-0.04-0.20.44-0.18-0.03
0.570.14-0.14-0.260.610.39-0.580.050.480.73-0.130.35-0.320.6-0.190.16-0.130.60.60.08-0.040.0-0.240.920.49
0.050.160.410.290.010.10.31-0.720.170.18-0.270.60.42-0.26-0.020.65-0.25-0.25-0.25-0.4-0.20.0-0.390.220.19
-0.080.01-0.44-0.47-0.07-0.06-0.330.38-0.22-0.770.36-0.75-0.230.34-0.15-0.43-0.130.320.320.390.44-0.24-0.39-0.48-0.13
0.490.230.070.060.50.33-0.29-0.20.490.83-0.340.65-0.040.32-0.010.420.020.340.34-0.15-0.180.920.22-0.480.57
0.340.87-0.160.280.30.26-0.16-0.240.320.32-0.470.430.290.280.540.320.350.290.29-0.27-0.030.490.19-0.130.57
Click cells to compare fundamentals

Bitterroot Resources Account Relationship Matchups

Bitterroot Resources fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets4.4M6.3M5.4M5.6M5.0M5.5M
Short Long Term Debt Total216.5K38.9K43.0K96.8K111.4K76.2K
Other Current Liab30.1K110.0K52.5K127.7K146.8K86.5K
Total Current Liabilities370.9K126.6K73.4K348.4K400.7K420.7K
Total Stockholder Equity4.0M6.2M5.3M5.2M4.7M5.2M
Property Plant And Equipment Net4.4M5.5M5.3M4.8M4.3M4.9M
Net Debt199.4K(697.5K)(62.4K)91.0K104.6K109.9K
Retained Earnings(27.1M)(28.0M)(29.8M)(30.2M)(27.1M)(25.8M)
Non Current Assets Total4.4M5.6M5.3M5.6M5.0M5.0M
Non Currrent Assets Other11.5K11.6K45.8K36.6K42.1K44.2K
Net Receivables4.0K4.9K7.4K1.7K1.6K1.5K
Common Stock Shares Outstanding46.2M71.8M85.2M92.3M106.2M111.5M
Liabilities And Stockholders Equity4.4M6.3M5.4M5.6M5.0M5.5M
Total Liab405.0K149.0K95.4K348.4K400.7K435.8K
Total Current Assets29.3K747.0K108.5K7.6K6.8K6.5K
Short Term Debt182.4K16.5K21.0K96.8K111.4K55.7K
Common Stock26.9M29.4M30.2M30.4M35.0M25.5M
Accounts Payable158.3K110.0K52.5K123.9K111.5K93.5K
Cash17.0K736.4K105.3K5.8K5.3K5.0K
Cash And Short Term Investments17.0K736.4K105.3K5.8K5.3K5.0K
Other Stockholder Equity25K4.2M4.7M4.9M4.4M4.2M
Accumulated Other Comprehensive Income4.2M4.7M4.9M4.9M5.7M4.0M
Net Tangible Assets3.7M4.0M6.2M5.3M6.1M5.3M
Other Current Assets4.4K7.3K3.2K1.731.561.48
Property Plant Equipment4.2M4.4M5.5M5.3M6.1M5.2M
Short Long Term Debt45.2K50.6K160K96.8K111.4K91.7K
Net Invested Capital4.2M6.2M5.3M5.3M6.1M5.6M
Net Working Capital(341.6K)620.4K35.1K(340.9K)(306.8K)(291.4K)
Capital Stock26.9M29.4M30.2M30.4M35.0M31.2M

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