Cerrado Change To Liabilities vs Stock Based Compensation Analysis

CERT Stock  CAD 0.34  0.02  5.56%   
Cerrado Gold financial indicator trend analysis is way more than just evaluating Cerrado Gold Corp prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Cerrado Gold Corp is a good investment. Please check the relationship between Cerrado Gold Change To Liabilities and its Stock Based Compensation accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cerrado Gold 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 estimate.

Change To Liabilities vs Stock Based Compensation

Change To Liabilities vs Stock Based Compensation Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Cerrado Gold Corp Change To Liabilities account and Stock Based Compensation. At this time, the significance of the direction appears to have pay attention.
The correlation between Cerrado Gold's Change To Liabilities and Stock Based Compensation is -0.87. Overlapping area represents the amount of variation of Change To Liabilities that can explain the historical movement of Stock Based Compensation in the same time period over historical financial statements of Cerrado Gold Corp, assuming nothing else is changed. The correlation between historical values of Cerrado Gold's Change To Liabilities and Stock Based Compensation is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Change To Liabilities of Cerrado Gold Corp are associated (or correlated) with its Stock Based Compensation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Stock Based Compensation has no effect on the direction of Change To Liabilities i.e., Cerrado Gold's Change To Liabilities and Stock Based Compensation go up and down completely randomly.

Correlation Coefficient

-0.87
Relationship DirectionNegative 
Relationship StrengthSignificant

Change To Liabilities

Stock Based Compensation

Compensation provided to employees in the form of equity or options to purchase company stock. This type of compensation is used to align the interests of employees and shareholders.
Most indicators from Cerrado Gold's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Cerrado Gold 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 Cerrado Gold 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 estimate.
Tax Provision is likely to drop to about 6.2 M in 2024. Selling General Administrative is likely to drop to about 11.2 M in 2024
 2022 2023 2024 (projected)
Tax Provision5.1M10.2M6.2M
Income Tax Expense5.1M5.9M6.1M

Cerrado Gold fundamental ratios Correlations

0.74-0.950.630.940.580.290.980.940.040.790.160.970.910.920.760.890.91-0.130.9-0.080.910.230.91-0.940.92
0.74-0.820.750.820.78-0.040.780.90.440.750.090.780.840.640.450.610.650.150.620.140.550.370.67-0.610.65
-0.95-0.82-0.78-0.94-0.69-0.39-0.98-0.98-0.23-0.93-0.36-0.99-0.94-0.82-0.6-0.78-0.83-0.06-0.8-0.1-0.76-0.37-0.860.82-0.83
0.630.75-0.780.710.710.140.770.790.510.790.20.770.860.480.070.380.530.630.430.650.290.810.67-0.440.5
0.940.82-0.940.710.490.350.940.94-0.010.810.220.950.870.870.630.820.880.070.840.120.810.410.92-0.870.88
0.580.78-0.690.710.49-0.20.660.750.820.670.080.640.80.360.260.350.370.080.350.080.310.210.38-0.350.37
0.29-0.04-0.390.140.35-0.20.310.22-0.360.520.840.360.090.30.220.290.310.030.290.040.280.140.32-0.310.31
0.980.78-0.980.770.940.660.310.970.170.870.221.00.960.860.630.820.870.060.840.110.810.390.91-0.870.87
0.940.9-0.980.790.940.750.220.970.310.870.230.970.960.790.570.740.790.060.760.10.730.360.83-0.790.79
0.040.44-0.230.51-0.010.82-0.360.170.310.310.10.160.37-0.22-0.29-0.24-0.20.26-0.230.25-0.280.17-0.150.24-0.22
0.790.75-0.930.790.810.670.520.870.870.310.570.890.820.710.490.670.730.190.690.180.60.440.75-0.670.72
0.160.09-0.360.20.220.080.840.220.230.10.570.270.070.040.010.030.040.040.040.040.020.060.05-0.030.04
0.970.78-0.990.770.950.640.361.00.970.160.890.270.950.860.620.810.860.060.830.110.80.40.91-0.860.87
0.910.84-0.940.860.870.80.090.960.960.370.820.070.950.770.50.710.780.170.740.210.690.470.84-0.760.78
0.920.64-0.820.480.870.360.30.860.79-0.220.710.040.860.770.880.991.0-0.141.0-0.140.960.220.95-0.991.0
0.760.45-0.60.070.630.260.220.630.57-0.290.490.010.620.50.880.930.84-0.580.9-0.60.94-0.270.69-0.890.86
0.890.61-0.780.380.820.350.290.820.74-0.240.670.030.810.710.990.930.98-0.251.0-0.260.970.10.9-0.980.99
0.910.65-0.830.530.880.370.310.870.79-0.20.730.040.860.781.00.840.98-0.070.99-0.070.940.290.97-0.981.0
-0.130.15-0.060.630.070.080.030.060.060.260.190.040.060.17-0.14-0.58-0.25-0.07-0.20.99-0.390.930.140.22-0.11
0.90.62-0.80.430.840.350.290.840.76-0.230.690.040.830.741.00.91.00.99-0.2-0.20.970.160.93-0.990.99
-0.080.14-0.10.650.120.080.040.110.10.250.180.040.110.21-0.14-0.6-0.26-0.070.99-0.2-0.370.930.160.2-0.11
0.910.55-0.760.290.810.310.280.810.73-0.280.60.020.80.690.960.940.970.94-0.390.97-0.37-0.040.86-0.980.95
0.230.37-0.370.810.410.210.140.390.360.170.440.060.40.470.22-0.270.10.290.930.160.93-0.040.49-0.150.25
0.910.67-0.860.670.920.380.320.910.83-0.150.750.050.910.840.950.690.90.970.140.930.160.860.49-0.940.96
-0.94-0.610.82-0.44-0.87-0.35-0.31-0.87-0.790.24-0.67-0.03-0.86-0.76-0.99-0.89-0.98-0.980.22-0.990.2-0.98-0.15-0.94-0.99
0.920.65-0.830.50.880.370.310.870.79-0.220.720.040.870.781.00.860.991.0-0.110.99-0.110.950.250.96-0.99
Click cells to compare fundamentals

Cerrado Gold Account Relationship Matchups

Cerrado Gold fundamental ratios Accounts

201920202021202220232024 (projected)
Total Current Liabilities4.5M23.4M59.6M78.3M146.8M154.1M
Net Tangible Assets9.1M4.2M15.1M13.4M15.4M9.8M
Retained Earnings(4.8M)(17.4M)(23.7M)(29.3M)(35.8M)(34.0M)
Accounts Payable1.4M7.0M26.4M47.6M15.2M15.5M
Other Stockholder Equity(28.6K)4.2M(1.6M)1.0M1.2M1.2M
Total Current Assets89.6K21.4M46.0M66.7M79.4M83.3M
Common Stock13.9M17.3M40.4M41.6M47.9M50.3M
Other Current Liab1.5M2.1M12.8M4.1M50K47.5K
Other Liab160.0K39.8M33.8M44.9M51.7M26.2M
Net Receivables41.9K8.6M1.2M1.4M1.0M988K
Property Plant Equipment13.7M41.1M58.4M83.0M95.5M100.2M

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
Explore Investing Ideas  

Additional Tools for Cerrado Stock Analysis

When running Cerrado Gold's price analysis, check to measure Cerrado Gold's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Cerrado Gold is operating at the current time. Most of Cerrado Gold's value examination focuses on studying past and present price action to predict the probability of Cerrado Gold's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cerrado Gold's price. Additionally, you may evaluate how the addition of Cerrado Gold to your portfolios can decrease your overall portfolio volatility.