Colibri Depreciation vs Net Income Analysis

CBI Stock

CAD 0.03 0.01 16.67%

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

Depreciation vs Net Income

Depreciation vs Net Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Colibri Resource Corp Depreciation account and Net Income. At this time, the significance of the direction appears to have very week relationship.

The correlation between Colibri Resource's Depreciation and Net Income is 0.27. Overlapping area represents the amount of variation of Depreciation that can explain the historical movement of Net Income in the same time period over historical financial statements of Colibri Resource Corp, assuming nothing else is changed. The correlation between historical values of Colibri Resource's Depreciation and Net Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Depreciation of Colibri Resource Corp are associated (or correlated) with its Net Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income has no effect on the direction of Depreciation i.e., Colibri Resource's Depreciation and Net Income go up and down completely randomly.

Correlation Coefficient

0.27

Relationship Direction	Positive
Relationship Strength	Very Weak

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Depreciation

Depreciation indicates how much of Colibri Resource Corp value has been used up. For tax purposes Colibri Resource can deduct the cost of the tangible assets it purchases as business expenses. However, Colibri Resource Corp must depreciate these assets in accordance with IRS rules about how and when the deduction may be taken, and how long it will last. The systematic allocation of the cost of a tangible asset over its useful life.

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in Colibri Resource Corp financial statement analysis. It represents the amount of money remaining after all of Colibri Resource Corp operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

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

At this time, Colibri Resource's Selling General Administrative is fairly stable compared to the past year. Enterprise Value is likely to climb to about 6.3 M in 2024, whereas Issuance Of Capital Stock is likely to drop 0.00 in 2024.

Colibri Resource fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Other Stockholder Equity	Total Liab	Total Current Assets	Common Stock	Net Tangible Assets	Property Plant Equipment	Other Current Assets	Net Invested Capital	Short Long Term Debt	Net Working Capital	Short Term Debt	Short Long Term Debt Total
Total Assets		-0.19	-0.12	0.95	0.76	-0.33	0.21	-0.07	0.56	0.96	0.51	0.53	0.24	0.0	0.54	0.01	0.56	0.16	0.65	0.62	0.23	0.45	-0.42	0.36	-0.13	0.12
Other Current Liab	-0.19		0.83	-0.34	-0.39	0.53	-0.7	0.62	-0.23	-0.17	0.32	-0.12	0.16	0.6	-0.59	0.6	-0.05	0.65	-0.53	-0.46	0.63	-0.8	0.26	-0.03	0.63	0.36
Total Current Liabilities	-0.12	0.83		-0.38	-0.47	0.69	-0.84	0.88	-0.08	-0.18	0.31	0.17	0.47	0.86	-0.66	0.9	0.23	0.82	-0.59	-0.56	0.54	-0.79	0.18	0.29	0.77	0.75
Total Stockholder Equity	0.95	-0.34	-0.38		0.83	-0.53	0.44	-0.31	0.57	0.94	0.39	0.44	0.0	-0.27	0.71	-0.26	0.45	-0.12	0.76	0.74	0.04	0.58	-0.4	0.2	-0.31	-0.17
Property Plant And Equipment Net	0.76	-0.39	-0.47	0.83		-0.49	0.48	-0.36	0.24	0.8	0.24	0.1	-0.07	-0.45	0.7	-0.43	0.11	-0.19	0.65	0.68	0.02	0.51	-0.01	-0.16	-0.63	-0.35
Net Debt	-0.33	0.53	0.69	-0.53	-0.49		-0.8	0.47	-0.63	-0.23	0.41	-0.38	0.49	0.8	-0.72	0.8	-0.32	0.65	-0.6	-0.62	0.6	-0.53	-0.11	0.45	0.45	0.76
Retained Earnings	0.21	-0.7	-0.84	0.44	0.48	-0.8		-0.73	0.32	0.22	-0.42	0.06	-0.55	-0.85	0.64	-0.81	-0.01	-0.9	0.8	0.82	-0.58	0.68	-0.02	-0.34	-0.66	-0.73
Accounts Payable	-0.07	0.62	0.88	-0.31	-0.36	0.47	-0.73		0.09	-0.2	0.09	0.35	0.53	0.71	-0.5	0.74	0.4	0.77	-0.57	-0.54	0.31	-0.72	0.37	0.14	0.75	0.64
Cash	0.56	-0.23	-0.08	0.57	0.24	-0.63	0.32	0.09		0.36	-0.07	0.92	0.11	-0.08	0.42	-0.06	0.9	-0.1	0.44	0.43	-0.32	0.21	-0.18	0.16	0.11	-0.04
Non Current Assets Total	0.96	-0.17	-0.18	0.94	0.8	-0.23	0.22	-0.2	0.36		0.61	0.29	0.14	-0.04	0.56	-0.02	0.33	0.1	0.64	0.61	0.3	0.45	-0.45	0.34	-0.22	0.06
Non Currrent Assets Other	0.51	0.32	0.31	0.39	0.24	0.41	-0.42	0.09	-0.07	0.61		0.0	0.32	0.47	-0.09	0.49	0.09	0.5	0.07	0.04	0.8	0.1	-0.54	0.64	0.11	0.5
Cash And Short Term Investments	0.53	-0.12	0.17	0.44	0.1	-0.38	0.06	0.35	0.92	0.29	0.0		0.36	0.21	0.18	0.21	0.99	0.19	0.29	0.26	-0.18	0.09	-0.19	0.35	0.34	0.26
Net Receivables	0.24	0.16	0.47	0.0	-0.07	0.49	-0.55	0.53	0.11	0.14	0.32	0.36		0.75	-0.36	0.67	0.44	0.71	-0.16	-0.24	0.47	-0.26	-0.27	0.55	0.35	0.78
Common Stock Shares Outstanding	0.0	0.6	0.86	-0.27	-0.45	0.8	-0.85	0.71	-0.08	-0.04	0.47	0.21	0.75		-0.66	0.97	0.28	0.86	-0.48	-0.52	0.6	-0.58	-0.25	0.65	0.73	0.93
Other Stockholder Equity	0.54	-0.59	-0.66	0.71	0.7	-0.72	0.64	-0.5	0.42	0.56	-0.09	0.18	-0.36	-0.66		-0.62	0.13	-0.49	0.53	0.53	-0.46	0.56	-0.07	-0.22	-0.54	-0.55
Total Liab	0.01	0.6	0.9	-0.26	-0.43	0.8	-0.81	0.74	-0.06	-0.02	0.49	0.21	0.67	0.97	-0.62		0.28	0.8	-0.46	-0.48	0.59	-0.57	-0.18	0.65	0.68	0.95
Total Current Assets	0.56	-0.05	0.23	0.45	0.11	-0.32	-0.01	0.4	0.9	0.33	0.09	0.99	0.44	0.28	0.13	0.28		0.28	0.28	0.25	-0.06	0.07	-0.22	0.4	0.37	0.34
Common Stock	0.16	0.65	0.82	-0.12	-0.19	0.65	-0.9	0.77	-0.1	0.1	0.5	0.19	0.71	0.86	-0.49	0.8	0.28		-0.51	-0.54	0.67	-0.54	-0.05	0.41	0.65	0.77
Net Tangible Assets	0.65	-0.53	-0.59	0.76	0.65	-0.6	0.8	-0.57	0.44	0.64	0.07	0.29	-0.16	-0.48	0.53	-0.46	0.28	-0.51		0.99	-0.12	0.73	-0.37	0.1	-0.47	-0.33
Property Plant Equipment	0.62	-0.46	-0.56	0.74	0.68	-0.62	0.82	-0.54	0.43	0.61	0.04	0.26	-0.24	-0.52	0.53	-0.48	0.25	-0.54	0.99		-0.12	0.66	-0.23	-0.01	-0.49	-0.38
Other Current Assets	0.23	0.63	0.54	0.04	0.02	0.6	-0.58	0.31	-0.32	0.3	0.8	-0.18	0.47	0.6	-0.46	0.59	-0.06	0.67	-0.12	-0.12		-0.23	-0.24	0.4	0.23	0.56
Net Invested Capital	0.45	-0.8	-0.79	0.58	0.51	-0.53	0.68	-0.72	0.21	0.45	0.1	0.09	-0.26	-0.58	0.56	-0.57	0.07	-0.54	0.73	0.66	-0.23		-0.49	0.19	-0.61	-0.35
Short Long Term Debt	-0.42	0.26	0.18	-0.4	-0.01	-0.11	-0.02	0.37	-0.18	-0.45	-0.54	-0.19	-0.27	-0.25	-0.07	-0.18	-0.22	-0.05	-0.37	-0.23	-0.24	-0.49		-0.81	-0.06	-0.33
Net Working Capital	0.36	-0.03	0.29	0.2	-0.16	0.45	-0.34	0.14	0.16	0.34	0.64	0.35	0.55	0.65	-0.22	0.65	0.4	0.41	0.1	-0.01	0.4	0.19	-0.81		0.36	0.77
Short Term Debt	-0.13	0.63	0.77	-0.31	-0.63	0.45	-0.66	0.75	0.11	-0.22	0.11	0.34	0.35	0.73	-0.54	0.68	0.37	0.65	-0.47	-0.49	0.23	-0.61	-0.06	0.36		0.58
Short Long Term Debt Total	0.12	0.36	0.75	-0.17	-0.35	0.76	-0.73	0.64	-0.04	0.06	0.5	0.26	0.78	0.93	-0.55	0.95	0.34	0.77	-0.33	-0.38	0.56	-0.35	-0.33	0.77	0.58

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Colibri Resource Account Relationship Matchups

Colibri Resource fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	2.4M	3.2M	5.7M	5.9M	6.5M	3.9M
Other Current Liab	425.4K	328.0K	199.6K	58.1K	363.5K	381.7K
Total Current Liabilities	976.6K	1.1M	767.2K	513.5K	848.0K	890.4K
Total Stockholder Equity	874.2K	1.2M	4.1M	3.9M	4.1M	3.4M
Property Plant And Equipment Net	1.7M	2.3M	639.9K	5.0M	656.2K	623.4K
Net Debt	622.9K	1.1M	119.2K	1.8M	1.5M	1.5M
Retained Earnings	(14.6M)	(14.4M)	(14.2M)	(14.8M)	(15.6M)	(14.8M)
Accounts Payable	152.6K	283.2K	199.6K	123.1K	141.5K	124.9K
Cash	347.1K	337.6K	1.3M	84.1K	378.8K	694.5K
Non Current Assets Total	1.7M	2.3M	3.4M	5.0M	5.6M	4.2M
Non Currrent Assets Other	658.1K	1.7M	2.7M	4.9M	5.6M	5.9M
Cash And Short Term Investments	647.1K	823.6K	2.3M	654.1K	680.9K	798.9K
Net Receivables	13.1K	29.1K	43.9K	89.6K	44.4K	24.2K
Common Stock Shares Outstanding	58.6M	65.9M	87.5M	96.7M	96.8M	101.6M
Liabilities And Stockholders Equity	2.4M	3.2M	5.7M	5.9M	6.5M	3.9M
Other Stockholder Equity	745.1K	752.0K	603.4K	896.1K	1.3M	1.2M
Total Liab	1.5M	2.0M	1.7M	2.0M	2.4M	2.5M
Total Current Assets	720.3K	948.0K	2.3M	922.6K	938.3K	865.5K
Common Stock	14.2M	14.8M	15.0M	17.6M	17.6M	12.5M
Accumulated Other Comprehensive Income	(99.7K)	(116.0K)	55.1K	246.7K	871.2K	914.7K
Net Tangible Assets	139.0K	874.2K	1.2M	4.1M	3.6M	2.5M
Property Plant Equipment	658.1K	1.7M	2.3M	3.4M	3.0M	2.6M
Other Current Assets	60.1K	95.3K	41.0K	178.9K	212.9K	115.0K
Non Current Liabilities Total	571.4K	967.9K	901.1K	1.5M	1.5M	1.6M
Net Invested Capital	139.0K	1.8M	2.4M	5.6M	5.0M	2.7M
Net Working Capital	(519.1K)	(256.3K)	(121.9K)	409.1K	470.5K	494.0K
Short Term Debt	398.7K	458.6K	567.6K	332.3K	484.5K	480.6K
Short Long Term Debt Total	970.1K	1.4M	1.4M	1.9M	1.8M	1.5M

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