District Total Liab vs Cash And Short Term Investments Analysis

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District Metals financial indicator trend analysis is much more than just examining District Metals Corp latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether District Metals Corp is a good investment. Please check the relationship between District Metals Total Liab and its Cash And Short Term Investments accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in District Metals 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.

Total Liab vs Cash And Short Term Investments

Total Liab vs Cash And Short Term Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of District Metals Corp Total Liab account and Cash And Short Term Investments. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between District Metals' Total Liab and Cash And Short Term Investments is 0.49. Overlapping area represents the amount of variation of Total Liab that can explain the historical movement of Cash And Short Term Investments in the same time period over historical financial statements of District Metals Corp, assuming nothing else is changed. The correlation between historical values of District Metals' Total Liab and Cash And Short Term Investments 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 Liab of District Metals Corp are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Total Liab i.e., District Metals' Total Liab and Cash And Short Term Investments go up and down completely randomly.

Correlation Coefficient

0.49

Relationship Direction	Positive
Relationship Strength	Weak

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Total Liab

The total amount of all liabilities that a company has, including both short-term and long-term liabilities.

Cash And Short Term Investments

Short Term Investments is an account in the current assets section of District Metals Corp balance sheet. This account contains District Metals investments that will expire within one year. These investments include stocks and bonds that can be liquidated by District Metals Corp fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.

Most indicators from District Metals' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into District Metals 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in District Metals 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, District Metals' Selling General Administrative is fairly stable compared to the past year. Enterprise Value is likely to climb to about 31.1 M in 2024, whereas Issuance Of Capital Stock is likely to drop slightly above 2.6 M in 2024.

	2023	2024 (projected)
Other Operating Expenses	1.5M	2.0M
Depreciation And Amortization	54.3K	43.4K

Other Operating Expenses Depreciation And Amortization

District Metals 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	Short Term Investments	Other Stockholder Equity	Total Liab	Total Current Assets	Short Long Term Debt Total	Inventory	Other Current Assets	Short Term Debt	Common Stock	Net Tangible Assets	Net Invested Capital	Net Working Capital
Total Assets		0.31	0.61	0.95	0.78	-0.7	-0.02	0.52	0.73	0.8	-0.32	0.73	0.68	0.32	0.64	0.55	0.61	0.81	-0.26	0.48	0.6	-0.26	0.44	0.4	0.42	0.36
Other Current Liab	0.31		0.56	0.25	0.11	-0.56	-0.08	-0.05	0.54	0.14	0.41	0.56	0.23	0.3	0.21	-0.04	0.56	0.36	-0.02	-0.05	0.18	-0.02	0.18	0.29	0.21	0.51
Total Current Liabilities	0.61	0.56		0.5	0.34	-0.5	0.16	0.78	0.49	0.37	-0.26	0.49	0.73	-0.21	0.47	0.77	1.0	0.61	-0.11	0.71	0.45	-0.11	-0.18	-0.13	-0.15	0.06
Total Stockholder Equity	0.95	0.25	0.5		0.77	-0.71	-0.05	0.43	0.68	0.79	-0.29	0.68	0.6	0.45	0.58	0.47	0.5	0.76	-0.27	0.4	0.54	-0.27	0.49	0.53	0.56	0.39
Property Plant And Equipment Net	0.78	0.11	0.34	0.77		-0.62	-0.26	0.33	0.66	1.0	-0.25	0.67	0.2	0.58	0.05	0.32	0.34	0.27	-0.29	0.19	0.01	-0.29	0.72	0.66	0.69	0.49
Net Debt	-0.7	-0.56	-0.5	-0.71	-0.62		0.29	-0.25	-0.97	-0.64	-0.04	-0.97	-0.31	-0.58	-0.2	-0.21	-0.5	-0.5	0.35	-0.09	-0.14	0.35	-0.53	-0.6	-0.57	-0.76
Retained Earnings	-0.02	-0.08	0.16	-0.05	-0.26	0.29		0.24	-0.29	-0.21	0.28	-0.3	0.45	-0.49	0.28	0.29	0.16	0.17	0.88	0.59	0.27	0.88	-0.4	-0.43	-0.39	-0.38
Accounts Payable	0.52	-0.05	0.78	0.43	0.33	-0.25	0.24		0.24	0.35	-0.64	0.23	0.73	-0.46	0.43	0.98	0.78	0.49	-0.14	0.91	0.42	-0.14	-0.35	-0.37	-0.34	-0.28
Cash	0.73	0.54	0.49	0.68	0.66	-0.97	-0.29	0.24		0.68	0.04	1.0	0.3	0.55	0.19	0.21	0.49	0.5	-0.34	0.09	0.14	-0.34	0.59	0.57	0.54	0.79
Non Current Assets Total	0.8	0.14	0.37	0.79	1.0	-0.64	-0.21	0.35	0.68		-0.23	0.68	0.24	0.57	0.08	0.34	0.37	0.31	-0.26	0.23	0.04	-0.26	0.71	0.66	0.68	0.5
Non Currrent Assets Other	-0.32	0.41	-0.26	-0.29	-0.25	-0.04	0.28	-0.64	0.04	-0.23		0.05	-0.32	0.29	-0.35	-0.64	-0.26	-0.3	0.61	-0.43	-0.35	0.61	0.24	0.27	0.25	0.47
Cash And Short Term Investments	0.73	0.56	0.49	0.68	0.67	-0.97	-0.3	0.23	1.0	0.68	0.05		0.29	0.56	0.18	0.19	0.49	0.49	-0.34	0.08	0.13	-0.34	0.6	0.58	0.55	0.79
Net Receivables	0.68	0.23	0.73	0.6	0.2	-0.31	0.45	0.73	0.3	0.24	-0.32	0.29		-0.35	0.83	0.77	0.73	0.85	0.05	0.83	0.81	0.05	-0.28	-0.29	-0.26	-0.18
Common Stock Shares Outstanding	0.32	0.3	-0.21	0.45	0.58	-0.58	-0.49	-0.46	0.55	0.57	0.29	0.56	-0.35		-0.25	-0.47	-0.21	-0.04	-0.27	-0.56	-0.29	-0.27	0.9	0.97	0.96	0.78
Short Term Investments	0.64	0.21	0.47	0.58	0.05	-0.2	0.28	0.43	0.19	0.08	-0.35	0.18	0.83	-0.25		0.52	0.47	0.94	-0.07	0.55	1.0	-0.07	-0.2	-0.21	-0.19	-0.18
Other Stockholder Equity	0.55	-0.04	0.77	0.47	0.32	-0.21	0.29	0.98	0.21	0.34	-0.64	0.19	0.77	-0.47	0.52		0.77	0.55	-0.11	0.94	0.5	-0.11	-0.36	-0.39	-0.36	-0.34
Total Liab	0.61	0.56	1.0	0.5	0.34	-0.5	0.16	0.78	0.49	0.37	-0.26	0.49	0.73	-0.21	0.47	0.77		0.61	-0.11	0.71	0.45	-0.11	-0.18	-0.13	-0.15	0.06
Total Current Assets	0.81	0.36	0.61	0.76	0.27	-0.5	0.17	0.49	0.5	0.31	-0.3	0.49	0.85	-0.04	0.94	0.55	0.61		-0.17	0.54	0.92	-0.17	0.01	0.01	0.02	0.1
Short Long Term Debt Total	-0.26	-0.02	-0.11	-0.27	-0.29	0.35	0.88	-0.14	-0.34	-0.26	0.61	-0.34	0.05	-0.27	-0.07	-0.11	-0.11	-0.17		0.21	-0.08	1.0	-0.21	-0.23	-0.21	-0.19
Inventory	0.48	-0.05	0.71	0.4	0.19	-0.09	0.59	0.91	0.09	0.23	-0.43	0.08	0.83	-0.56	0.55	0.94	0.71	0.54	0.21		0.53	0.21	-0.44	-0.47	-0.43	-0.41
Other Current Assets	0.6	0.18	0.45	0.54	0.01	-0.14	0.27	0.42	0.14	0.04	-0.35	0.13	0.81	-0.29	1.0	0.5	0.45	0.92	-0.08	0.53		-0.08	-0.23	-0.25	-0.23	-0.21
Short Term Debt	-0.26	-0.02	-0.11	-0.27	-0.29	0.35	0.88	-0.14	-0.34	-0.26	0.61	-0.34	0.05	-0.27	-0.07	-0.11	-0.11	-0.17	1.0	0.21	-0.08		-0.21	-0.23	-0.21	-0.19
Common Stock	0.44	0.18	-0.18	0.49	0.72	-0.53	-0.4	-0.35	0.59	0.71	0.24	0.6	-0.28	0.9	-0.2	-0.36	-0.18	0.01	-0.21	-0.44	-0.23	-0.21		0.92	0.93	0.79
Net Tangible Assets	0.4	0.29	-0.13	0.53	0.66	-0.6	-0.43	-0.37	0.57	0.66	0.27	0.58	-0.29	0.97	-0.21	-0.39	-0.13	0.01	-0.23	-0.47	-0.25	-0.23	0.92		0.99	0.8
Net Invested Capital	0.42	0.21	-0.15	0.56	0.69	-0.57	-0.39	-0.34	0.54	0.68	0.25	0.55	-0.26	0.96	-0.19	-0.36	-0.15	0.02	-0.21	-0.43	-0.23	-0.21	0.93	0.99		0.78
Net Working Capital	0.36	0.51	0.06	0.39	0.49	-0.76	-0.38	-0.28	0.79	0.5	0.47	0.79	-0.18	0.78	-0.18	-0.34	0.06	0.1	-0.19	-0.41	-0.21	-0.19	0.79	0.8	0.78

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District Metals Account Relationship Matchups

District Metals fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	4.7M	7.9M	8.7M	10.1M	11.6M	6.2M
Other Current Liab	130.4K	531.4K	240.8K	67.3K	77.4K	73.5K
Total Current Liabilities	262.7K	592.6K	294.2K	119.2K	107.3K	102.0K
Total Stockholder Equity	4.5M	7.3M	8.4M	10.0M	11.5M	12.1M
Property Plant And Equipment Net	2.1M	3.6M	6.9M	7.4M	8.5M	4.3M
Net Debt	(2.5M)	(3.6M)	(1.5M)	(2.5M)	(2.3M)	(2.2M)
Retained Earnings	(56.1M)	(58.9M)	(60.3M)	(61.2M)	(55.1M)	(52.3M)
Accounts Payable	132.3K	61.2K	53.4K	52.0K	46.8K	44.4K
Cash	2.5M	3.6M	1.5M	2.5M	2.9M	1.5M
Non Current Assets Total	2.2M	3.8M	7.0M	7.5M	8.6M	4.4M
Cash And Short Term Investments	2.5M	3.8M	1.6M	2.6M	3.0M	1.5M
Net Receivables	2.9K	227.2K	32.6K	50.8K	45.7K	43.5K
Common Stock Shares Outstanding	34.4M	67.8M	70.3M	73.0M	83.9M	88.1M
Liabilities And Stockholders Equity	4.7M	7.9M	8.7M	10.1M	11.6M	6.2M
Total Liab	262.7K	592.6K	294.2K	119.2K	107.3K	102.0K
Total Current Assets	2.5M	4.0M	1.7M	2.6M	3.0M	2.2M
Accumulated Other Comprehensive Income	1.1M	2.0M	2.3M	2.5M	2.8M	3.0M
Other Current Assets	9.8K	58.2K	36.2K	21.7K	19.5K	18.5K
Common Stock	59.5M	64.2M	66.4M	68.7M	79.0M	65.0M
Net Tangible Assets	1.0M	4.5M	7.3M	8.4M	9.6M	10.1M
Net Invested Capital	4.5M	7.3M	8.4M	10.0M	11.5M	12.1M
Net Working Capital	2.3M	3.4M	1.4M	2.5M	2.9M	2.0M
Capital Stock	59.5M	64.2M	66.4M	68.7M	79.0M	69.1M

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