Critical Capex To Depreciation vs Ptb Ratio Analysis

CRE Stock

CAD 0.41 0.03 6.82%

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

Capex To Depreciation vs Ptb Ratio

Capex To Depreciation vs Ptb Ratio Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Critical Elements Capex To Depreciation account and Ptb Ratio. At this time, the significance of the direction appears to have strong relationship.

The correlation between Critical Elements' Capex To Depreciation and Ptb Ratio is 0.76. Overlapping area represents the amount of variation of Capex To Depreciation that can explain the historical movement of Ptb Ratio in the same time period over historical financial statements of Critical Elements, assuming nothing else is changed. The correlation between historical values of Critical Elements' Capex To Depreciation and Ptb Ratio is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Capex To Depreciation of Critical Elements are associated (or correlated) with its Ptb Ratio. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Ptb Ratio has no effect on the direction of Capex To Depreciation i.e., Critical Elements' Capex To Depreciation and Ptb Ratio go up and down completely randomly.

Correlation Coefficient

0.76

Relationship Direction	Positive
Relationship Strength	Significant

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Capex To Depreciation

The ratio of a company's capital expenditures to its depreciation expenses, indicating how much the company is investing in physical assets relative to the aging of existing assets.

Ptb Ratio

Price-to-Book ratio, a financial valuation metric used to compare a company's current market price to its book value. It provides insight into the value that market participants place on the company's equity relative to its net asset value.

Most indicators from Critical Elements' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Critical Elements 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 Critical Elements. 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, Critical Elements' Selling General Administrative is fairly stable compared to the past year. Enterprise Value is likely to climb to about 279.1 M in 2024, whereas Issuance Of Capital Stock is likely to drop 0.00 in 2024.

	2021	2022	2023	2024 (projected)
Interest Income	192.6K	1.2M	1.1M	1.2M
Net Interest Income	192.6K	1.2M	1.1M	1.2M

Interest Income Net Interest Income

Critical Elements fundamental ratios Correlations

	Total Assets	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	Non Current Liabilities Total	Other Stockholder Equity	Total Liab	Total Current Assets	Other Current Liab	Current Deferred Revenue	Common Stock	Other Liab	Net Tangible Assets	Other Assets	Short Term Investments	Property Plant Equipment	Other Current Assets
Total Assets		0.77	1.0	0.96	-0.89	-0.94	0.96	0.73	0.96	0.24	0.97	0.92	0.74	0.21	0.14	0.48	0.93	0.96	-0.65	0.99	0.58	0.98	0.65	0.87	0.84	0.76
Total Current Liabilities	0.77		0.77	0.63	-0.79	-0.76	0.8	0.86	0.63	-0.07	0.73	0.69	0.72	0.01	0.24	0.42	0.86	0.75	-0.11	0.72	0.41	0.75	0.55	0.51	0.79	0.71
Total Stockholder Equity	1.0	0.77		0.95	-0.92	-0.92	0.97	0.73	0.95	0.27	0.98	0.93	0.71	0.12	0.13	0.4	0.93	0.97	-0.66	0.99	0.51	0.99	0.59	0.89	0.8	0.76
Property Plant And Equipment Net	0.96	0.63	0.95		-0.74	-0.94	0.9	0.53	1.0	0.24	0.89	0.86	0.74	0.34	0.16	0.54	0.79	0.91	-0.73	0.95	0.64	0.93	0.66	0.9	0.81	0.61
Net Debt	-0.89	-0.79	-0.92	-0.74		0.76	-0.91	-0.86	-0.75	-0.26	-0.96	-0.87	-0.57	0.17	-0.09	-0.15	-0.96	-0.89	0.5	-0.89	-0.27	-0.93	-0.42	-0.74	-0.67	-0.86
Retained Earnings	-0.94	-0.76	-0.92	-0.94	0.76		-0.87	-0.71	-0.92	-0.18	-0.86	-0.83	-0.87	-0.42	-0.1	-0.68	-0.86	-0.85	0.49	-0.91	-0.75	-0.9	-0.82	-0.75	-0.92	-0.74
Accounts Payable	0.96	0.8	0.97	0.9	-0.91	-0.87		0.71	0.9	0.18	0.96	0.92	0.64	0.02	0.1	0.33	0.92	0.98	-0.65	0.97	0.42	0.98	0.53	0.87	0.78	0.75
Cash	0.73	0.86	0.73	0.53	-0.86	-0.71	0.71		0.52	0.05	0.75	0.69	0.66	0.0	0.12	0.36	0.92	0.66	-0.05	0.68	0.39	0.73	0.52	0.37	0.7	0.89
Non Current Assets Total	0.96	0.63	0.95	1.0	-0.75	-0.92	0.9	0.52		0.25	0.9	0.87	0.71	0.31	0.15	0.51	0.79	0.93	-0.75	0.96	0.61	0.93	0.64	0.92	0.8	0.6
Non Currrent Assets Other	0.24	-0.07	0.27	0.24	-0.26	-0.18	0.18	0.05	0.25		0.32	0.23	0.09	-0.12	-0.16	-0.15	0.2	0.24	-0.4	0.28	-0.02	0.28	0.23	0.4	0.03	0.25
Cash And Short Term Investments	0.97	0.73	0.98	0.89	-0.96	-0.86	0.96	0.75	0.9	0.32		0.93	0.62	0.03	0.07	0.31	0.95	0.97	-0.67	0.98	0.44	0.99	0.54	0.88	0.76	0.81
Net Receivables	0.92	0.69	0.93	0.86	-0.87	-0.83	0.92	0.69	0.87	0.23	0.93		0.61	0.13	0.12	0.38	0.88	0.92	-0.64	0.92	0.43	0.93	0.53	0.81	0.72	0.82
Common Stock Shares Outstanding	0.74	0.72	0.71	0.74	-0.57	-0.87	0.64	0.66	0.71	0.09	0.62	0.61		0.41	0.23	0.67	0.69	0.59	-0.14	0.65	0.65	0.65	0.8	0.47	0.82	0.66
Non Current Liabilities Total	0.21	0.01	0.12	0.34	0.17	-0.42	0.02	0.0	0.31	-0.12	0.03	0.13	0.41		0.04	0.91	0.05	0.04	-0.03	0.16	0.84	0.11	0.62	0.04	0.49	0.09
Other Stockholder Equity	0.14	0.24	0.13	0.16	-0.09	-0.1	0.1	0.12	0.15	-0.16	0.07	0.12	0.23	0.04		0.14	0.11	0.06	0.03	0.07	0.1	0.07	-0.02	0.02	0.12	0.05
Total Liab	0.48	0.42	0.4	0.54	-0.15	-0.68	0.33	0.36	0.51	-0.15	0.31	0.38	0.67	0.91	0.14		0.38	0.32	-0.03	0.41	0.93	0.38	0.78	0.21	0.76	0.37
Total Current Assets	0.93	0.86	0.93	0.79	-0.96	-0.86	0.92	0.92	0.79	0.2	0.95	0.88	0.69	0.05	0.11	0.38		0.89	-0.42	0.91	0.46	0.93	0.58	0.69	0.79	0.89
Other Current Liab	0.96	0.75	0.97	0.91	-0.89	-0.85	0.98	0.66	0.93	0.24	0.97	0.92	0.59	0.04	0.06	0.32	0.89		-0.72	0.98	0.43	0.98	0.53	0.93	0.77	0.7
Current Deferred Revenue	-0.65	-0.11	-0.66	-0.73	0.5	0.49	-0.65	-0.05	-0.75	-0.4	-0.67	-0.64	-0.14	-0.03	0.03	-0.03	-0.42	-0.72		-0.72	-0.2	-0.69	-0.18	-0.87	-0.29	-0.25
Common Stock	0.99	0.72	0.99	0.95	-0.89	-0.91	0.97	0.68	0.96	0.28	0.98	0.92	0.65	0.16	0.07	0.41	0.91	0.98	-0.72		0.54	0.99	0.6	0.92	0.81	0.74
Other Liab	0.58	0.41	0.51	0.64	-0.27	-0.75	0.42	0.39	0.61	-0.02	0.44	0.43	0.65	0.84	0.1	0.93	0.46	0.43	-0.2	0.54		0.51	0.8	0.37	0.82	0.41
Net Tangible Assets	0.98	0.75	0.99	0.93	-0.93	-0.9	0.98	0.73	0.93	0.28	0.99	0.93	0.65	0.11	0.07	0.38	0.93	0.98	-0.69	0.99	0.51		0.59	0.89	0.8	0.79
Other Assets	0.65	0.55	0.59	0.66	-0.42	-0.82	0.53	0.52	0.64	0.23	0.54	0.53	0.8	0.62	-0.02	0.78	0.58	0.53	-0.18	0.6	0.8	0.59		0.46	0.82	0.58
Short Term Investments	0.87	0.51	0.89	0.9	-0.74	-0.75	0.87	0.37	0.92	0.4	0.88	0.81	0.47	0.04	0.02	0.21	0.69	0.93	-0.87	0.92	0.37	0.89	0.46		0.62	0.49
Property Plant Equipment	0.84	0.79	0.8	0.81	-0.67	-0.92	0.78	0.7	0.8	0.03	0.76	0.72	0.82	0.49	0.12	0.76	0.79	0.77	-0.29	0.81	0.82	0.8	0.82	0.62		0.72
Other Current Assets	0.76	0.71	0.76	0.61	-0.86	-0.74	0.75	0.89	0.6	0.25	0.81	0.82	0.66	0.09	0.05	0.37	0.89	0.7	-0.25	0.74	0.41	0.79	0.58	0.49	0.72

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Critical Elements Account Relationship Matchups

Critical Elements fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	30.6M	38.7M	65.8M	79.0M	79.3M	83.3M
Total Current Liabilities	673.2K	2.9M	3.0M	4.1M	2.3M	1.3M
Total Stockholder Equity	21.3M	33.7M	60.2M	72.1M	73.6M	77.2M
Property Plant And Equipment Net	26.1M	27.2M	31.2M	40.1M	50.5M	53.0M
Net Debt	5.0M	(5.5M)	(29.8M)	(25.3M)	(22.8M)	(21.7M)
Retained Earnings	(32.8M)	(36.8M)	(46.1M)	(49.4M)	(49.5M)	(47.0M)
Accounts Payable	419.2K	484.6K	2.2M	3.0M	3.5M	3.6M
Cash	1.8M	6.2M	29.8M	25.6M	10.8M	5.7M
Non Current Assets Total	26.1M	27.2M	31.2M	45.5M	56.3M	59.1M
Cash And Short Term Investments	2.9M	9.3M	31.8M	30.8M	35.5M	37.2M
Net Receivables	144.4K	782.8K	2.3M	2.4M	2.8M	2.9M
Common Stock Shares Outstanding	159.1M	176.8M	200.7M	215.2M	217.8M	136.6M
Liabilities And Stockholders Equity	30.6M	38.7M	65.8M	79.0M	90.8M	95.4M
Non Current Liabilities Total	8.6M	2.1M	2.5M	2.8M	3.4M	3.1M
Other Stockholder Equity	9.0M	9.5M	9.6M	10.4M	9.4M	7.6M
Total Liab	9.3M	5.0M	5.5M	6.9M	5.7M	3.9M
Total Current Assets	4.4M	11.5M	34.6M	33.5M	23.0M	24.1M
Other Current Liab	484.6K	2.2M	3.0M	4.1M	4.7M	4.9M
Common Stock	45.1M	60.9M	96.7M	111.0M	127.7M	134.1M
Other Liab	3.3M	3.9M	2.1M	2.5M	2.9M	2.1M
Net Tangible Assets	19.8M	21.3M	33.7M	60.2M	69.3M	72.7M
Short Term Investments	1.1M	3.1M	2.0M	5.3M	10.1M	10.6M
Property Plant Equipment	24.1M	26.1M	27.2M	31.2M	35.9M	22.8M
Other Current Assets	62.7K	85.9K	397.4K	226.3K	260.3K	157.7K
Short Long Term Debt Total	6.8M	694.3K	41.2K	237.3K	213.5K	202.9K
Net Invested Capital	28.0M	34.4M	60.2M	72.1M	73.6M	47.0M
Net Working Capital	3.8M	8.7M	31.5M	29.4M	20.7M	14.4M
Capital Stock	45.1M	60.9M	96.7M	111.0M	111.1M	80.0M

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