Cerrado Net Income vs Change In Working Capital 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 Net Income and its Change In Working Capital 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.

Net Income vs Change In Working Capital

Net Income vs Change In Working Capital Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Cerrado Gold Corp Net Income account and Change In Working Capital. At this time, the significance of the direction appears to have pay attention.
The correlation between Cerrado Gold's Net Income and Change In Working Capital is -0.86. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Change In Working Capital 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 Net Income and Change In Working Capital is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Income of Cerrado Gold Corp are associated (or correlated) with its Change In Working Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Change In Working Capital has no effect on the direction of Net Income i.e., Cerrado Gold's Net Income and Change In Working Capital go up and down completely randomly.

Correlation Coefficient

-0.86
Relationship DirectionNegative 
Relationship StrengthSignificant

Net Income

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

Change In Working Capital

The difference in the amount of working capital from one period to the next, indicating the change in a company's short-term assets and liabilities.
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

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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.