| CMM Stock | | | 6.93 0.09 1.28% |
Capricorn Metals financial indicator trend analysis is way more than just evaluating Capricorn Metals prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Capricorn Metals is a good investment. Please check the relationship between Capricorn Metals Total Current Liabilities and its Depreciation And Amortization accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Capricorn Metals. 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.
Total Current Liabilities vs Depreciation And Amortization
Total Current Liabilities vs Depreciation And Amortization Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Capricorn Metals Total Current Liabilities account and
Depreciation And Amortization. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Capricorn Metals' Total Current Liabilities and Depreciation And Amortization is 0.86. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Depreciation And Amortization in the same time period over historical financial statements of Capricorn Metals, assuming nothing else is changed. The correlation between historical values of Capricorn Metals' Total Current Liabilities and Depreciation And Amortization is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Current Liabilities of Capricorn Metals are associated (or correlated) with its Depreciation And Amortization. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Depreciation And Amortization has no effect on the direction of Total Current Liabilities i.e., Capricorn Metals' Total Current Liabilities and Depreciation And Amortization go up and down completely randomly.
Correlation Coefficient | 0.86 |
| Relationship Direction | Positive |
| Relationship Strength | Strong |
Total Current Liabilities
Total Current Liabilities is an item on Capricorn Metals balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Capricorn Metals are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.
Depreciation And Amortization
The systematic reduction in the recorded value of an intangible asset. This includes the allocation of the cost of tangible assets to periods in which the assets are used, representing the expense related to the wear and tear, deterioration, or obsolescence of physical assets and intangible assets over their useful lives.
Most indicators from Capricorn Metals' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Capricorn Metals 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 Capricorn Metals. 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, Capricorn Metals'
Selling General Administrative is comparatively stable compared to the past year.
Tax Provision is likely to gain to about 40.5
M in 2024, whereas
Issuance Of Capital Stock is likely to drop slightly above 5.1
M in 2024.
Capricorn Metals fundamental ratios Correlations
Click cells to compare fundamentals
Capricorn Metals Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Capricorn Metals fundamental ratios Accounts
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Additional Tools for Capricorn Stock Analysis
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