Dynacor Net Income vs Free Cash Flow Analysis

DNG Stock

CAD 6.02 0.24 4.15%

Dynacor Gold financial indicator trend analysis is much more than just examining Dynacor Gold Mines latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Dynacor Gold Mines is a good investment. Please check the relationship between Dynacor Gold Net Income and its Free Cash Flow accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Dynacor Gold Mines. 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.

Net Income vs Free Cash Flow

Net Income vs Free Cash Flow Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Dynacor Gold Mines Net Income account and Free Cash Flow. At this time, the significance of the direction appears to have weak relationship.

The correlation between Dynacor Gold's Net Income and Free Cash Flow is 0.35. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Free Cash Flow in the same time period over historical financial statements of Dynacor Gold Mines, assuming nothing else is changed. The correlation between historical values of Dynacor Gold's Net Income and Free Cash Flow 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 Dynacor Gold Mines are associated (or correlated) with its Free Cash Flow. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow has no effect on the direction of Net Income i.e., Dynacor Gold's Net Income and Free Cash Flow go up and down completely randomly.

Correlation Coefficient

0.35

Relationship Direction	Positive
Relationship Strength	Very Weak

View All Relationships

Net Income

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

Free Cash Flow

The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.

Most indicators from Dynacor Gold's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Dynacor Gold Mines 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 Dynacor Gold Mines. 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, Dynacor Gold's Sales General And Administrative To Revenue is very stable compared to the past year. As of the 28th of November 2024, Enterprise Value Over EBITDA is likely to grow to 3.76, while Selling General Administrative is likely to drop about 3.9 M.

	2021	2022	2023	2024 (projected)
Interest Expense	181.2K	206.8K	316.6K	306.1K
Depreciation And Amortization	2.6M	3.2M	3.3M	1.9M

Interest Expense Depreciation And Amortization

Dynacor Gold fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Shares Outstanding	Short Term Investments	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt
Total Assets		0.04	0.71	0.69	1.0	0.87	-0.28	-0.72	0.87	0.73	0.76	0.86	0.1	0.75	0.45	-0.51	0.5	-0.43	0.59	0.63	0.35	-0.37	0.8	0.96	0.75	-0.02
Short Long Term Debt Total	0.04		-0.27	-0.15	-0.02	0.26	-0.39	0.46	-0.09	-0.2	-0.3	0.27	-0.15	-0.32	0.03	-0.01	0.12	-0.12	0.66	-0.04	-0.24	0.49	0.16	0.12	-0.21	0.48
Other Current Liab	0.71	-0.27		0.62	0.7	0.49	-0.18	-0.66	0.6	0.64	0.65	0.48	0.11	0.63	0.55	-0.46	0.45	-0.42	0.27	0.48	0.23	-0.19	0.6	0.65	0.62	-0.21
Total Current Liabilities	0.69	-0.15	0.62		0.66	0.41	0.11	-0.76	0.86	0.98	0.81	0.41	-0.22	0.81	0.43	-0.65	0.38	-0.3	0.19	0.95	0.63	-0.52	0.91	0.58	0.96	0.01
Total Stockholder Equity	1.0	-0.02	0.7	0.66		0.87	-0.28	-0.73	0.87	0.71	0.76	0.87	0.15	0.75	0.42	-0.49	0.49	-0.41	0.56	0.6	0.35	-0.4	0.76	0.96	0.74	-0.04
Property Plant And Equipment Net	0.87	0.26	0.49	0.41	0.87		-0.61	-0.42	0.74	0.46	0.49	1.0	0.37	0.48	0.25	-0.37	0.46	-0.35	0.79	0.4	0.13	-0.09	0.66	0.94	0.47	0.05
Current Deferred Revenue	-0.28	-0.39	-0.18	0.11	-0.28	-0.61		-0.15	-0.22	0.04	0.09	-0.59	-0.25	0.1	0.0	0.07	-0.14	0.1	-0.69	0.02	0.07	-0.45	-0.2	-0.47	0.04	0.08
Net Debt	-0.72	0.46	-0.66	-0.76	-0.73	-0.42	-0.15		-0.8	-0.81	-0.98	-0.41	0.04	-0.98	-0.48	0.5	-0.4	0.32	-0.13	-0.6	-0.5	0.64	-0.68	-0.62	-0.86	0.39
Retained Earnings	0.87	-0.09	0.6	0.86	0.87	0.74	-0.22	-0.8		0.9	0.86	0.74	0.07	0.86	0.38	-0.63	0.48	-0.35	0.46	0.84	0.59	-0.46	0.91	0.83	0.93	-0.11
Accounts Payable	0.73	-0.2	0.64	0.98	0.71	0.46	0.04	-0.81	0.9		0.85	0.47	-0.17	0.86	0.45	-0.62	0.36	-0.27	0.25	0.94	0.64	-0.49	0.92	0.65	0.98	-0.13
Cash	0.76	-0.3	0.65	0.81	0.76	0.49	0.09	-0.98	0.86	0.85		0.49	-0.07	1.0	0.51	-0.55	0.46	-0.36	0.26	0.67	0.52	-0.59	0.77	0.68	0.9	-0.32
Non Current Assets Total	0.86	0.27	0.48	0.41	0.87	1.0	-0.59	-0.41	0.74	0.47	0.49		0.34	0.47	0.28	-0.36	0.46	-0.35	0.78	0.41	0.11	-0.12	0.66	0.93	0.47	0.1
Non Currrent Assets Other	0.1	-0.15	0.11	-0.22	0.15	0.37	-0.25	0.04	0.07	-0.17	-0.07	0.34		-0.08	-0.28	-0.03	0.21	-0.13	0.11	-0.18	-0.26	0.3	-0.13	0.22	-0.15	-0.04
Cash And Short Term Investments	0.75	-0.32	0.63	0.81	0.75	0.48	0.1	-0.98	0.86	0.86	1.0	0.47	-0.08		0.5	-0.51	0.4	-0.3	0.24	0.67	0.53	-0.59	0.77	0.67	0.9	-0.33
Net Receivables	0.45	0.03	0.55	0.43	0.42	0.25	0.0	-0.48	0.38	0.45	0.51	0.28	-0.28	0.5		-0.21	0.31	-0.27	0.3	0.32	-0.16	-0.15	0.47	0.33	0.43	-0.06
Good Will	-0.51	-0.01	-0.46	-0.65	-0.49	-0.37	0.07	0.5	-0.63	-0.62	-0.55	-0.36	-0.03	-0.51	-0.21		-0.87	0.85	-0.3	-0.67	-0.57	0.29	-0.67	-0.41	-0.67	0.09
Common Stock Shares Outstanding	0.5	0.12	0.45	0.38	0.49	0.46	-0.14	-0.4	0.48	0.36	0.46	0.46	0.21	0.4	0.31	-0.87		-0.98	0.4	0.34	0.23	-0.21	0.48	0.43	0.42	0.02
Short Term Investments	-0.43	-0.12	-0.42	-0.3	-0.41	-0.35	0.1	0.32	-0.35	-0.27	-0.36	-0.35	-0.13	-0.3	-0.27	0.85	-0.98		-0.33	-0.27	-0.2	0.19	-0.38	-0.34	-0.33	-0.02
Non Current Liabilities Total	0.59	0.66	0.27	0.19	0.56	0.79	-0.69	-0.13	0.46	0.25	0.26	0.78	0.11	0.24	0.3	-0.3	0.4	-0.33		0.22	0.0	0.32	0.57	0.71	0.25	-0.05
Inventory	0.63	-0.04	0.48	0.95	0.6	0.4	0.02	-0.6	0.84	0.94	0.67	0.41	-0.18	0.67	0.32	-0.67	0.34	-0.27	0.22		0.67	-0.4	0.89	0.54	0.92	0.07
Other Current Assets	0.35	-0.24	0.23	0.63	0.35	0.13	0.07	-0.5	0.59	0.64	0.52	0.11	-0.26	0.53	-0.16	-0.57	0.23	-0.2	0.0	0.67		-0.44	0.54	0.29	0.7	-0.31
Other Stockholder Equity	-0.37	0.49	-0.19	-0.52	-0.4	-0.09	-0.45	0.64	-0.46	-0.49	-0.59	-0.12	0.3	-0.59	-0.15	0.29	-0.21	0.19	0.32	-0.4	-0.44		-0.29	-0.21	-0.53	-0.04
Total Liab	0.8	0.16	0.6	0.91	0.76	0.66	-0.2	-0.68	0.91	0.92	0.77	0.66	-0.13	0.77	0.47	-0.67	0.48	-0.38	0.57	0.89	0.54	-0.29		0.76	0.91	-0.02
Property Plant And Equipment Gross	0.96	0.12	0.65	0.58	0.96	0.94	-0.47	-0.62	0.83	0.65	0.68	0.93	0.22	0.67	0.33	-0.41	0.43	-0.34	0.71	0.54	0.29	-0.21	0.76		0.65	-0.06
Total Current Assets	0.75	-0.21	0.62	0.96	0.74	0.47	0.04	-0.86	0.93	0.98	0.9	0.47	-0.15	0.9	0.43	-0.67	0.42	-0.33	0.25	0.92	0.7	-0.53	0.91	0.65		-0.18
Short Term Debt	-0.02	0.48	-0.21	0.01	-0.04	0.05	0.08	0.39	-0.11	-0.13	-0.32	0.1	-0.04	-0.33	-0.06	0.09	0.02	-0.02	-0.05	0.07	-0.31	-0.04	-0.02	-0.06	-0.18

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Dynacor Gold Account Relationship Matchups

Dynacor Gold fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	74.8M	76.3M	91.4M	96.9M	111.8M	58.2M
Short Long Term Debt Total	4.3M	706.7K	344.0K	701.2K	635.7K	603.9K
Other Current Liab	1.8M	2.5M	5.0M	2.9M	4.2M	2.1M
Total Current Liabilities	10.3M	8.4M	14.0M	11.2M	17.2M	18.1M
Total Stockholder Equity	60.0M	62.7M	72.0M	80.3M	89.6M	47.2M
Property Plant And Equipment Net	41.3M	39.0M	39.6M	40.6M	43.8M	29.5M
Net Debt	(2.4M)	(11.2M)	(26.6M)	(24.7M)	(21.3M)	(20.2M)
Retained Earnings	35.8M	38.2M	47.0M	54.6M	64.0M	67.2M
Accounts Payable	5.0M	5.7M	8.9M	8.2M	11.2M	11.8M
Cash	6.7M	11.9M	26.9M	25.4M	21.9M	23.0M
Non Current Assets Total	44.9M	42.5M	40.9M	42.0M	43.8M	30.5M
Non Currrent Assets Other	41.0M	41.6M	3.4M	1.3M	1.5M	1.5M
Cash And Short Term Investments	6.7M	11.9M	26.9M	25.4M	22.5M	23.6M
Net Receivables	4.1M	8.2M	8.3M	6.3M	4.0M	4.7M
Common Stock Shares Outstanding	39.6M	39.3M	39.7M	39.6M	38.9M	39.9M
Liabilities And Stockholders Equity	74.8M	76.3M	91.4M	96.9M	111.8M	58.2M
Non Current Liabilities Total	4.5M	5.1M	5.3M	5.4M	5.0M	3.6M
Inventory	18.3M	13.4M	14.8M	16.4M	31.9M	33.5M
Other Current Assets	809.9K	398.6K	464.4K	6.6M	9.7M	10.1M
Other Stockholder Equity	3.5M	3.5M	3.5M	3.2M	3.7M	3.5M
Total Liab	14.9M	13.6M	19.3M	16.6M	22.2M	23.3M
Property Plant And Equipment Gross	41.3M	39.0M	52.3M	56.2M	61.5M	32.5M
Total Current Assets	30.0M	33.8M	50.4M	54.9M	68.0M	71.4M
Short Term Debt	3.6M	223.9K	110.6K	66.1K	56.9K	54.0K
Other Assets	3.6M	3.4M	1.3M	1.3M	1.5M	1.3M
Common Stock	20.6M	21.0M	21.5M	22.4M	21.9M	21.6M
Other Liab	3.8M	4.6M	5.1M	4.8M	5.5M	4.0M
Net Tangible Assets	60.0M	62.7M	72.0M	80.3M	92.3M	60.0M
Property Plant Equipment	41.3M	39.0M	39.6M	40.6M	46.7M	38.5M
Long Term Debt Total	756.9K	482.9K	233.4K	635.2K	571.6K	909.2K
Capital Surpluse	3.5M	3.5M	3.5M	3.2M	3.7M	3.7M
Capital Lease Obligations	1.3M	706.7K	344.0K	701.2K	635.7K	554.6K
Net Invested Capital	63.0M	62.7M	72.0M	80.3M	89.6M	74.9M
Net Working Capital	19.6M	25.4M	36.4M	43.7M	50.8M	33.2M

Pair Trading with Dynacor Gold

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Dynacor Gold position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Dynacor Gold will appreciate offsetting losses from the drop in the long position's value.

Moving together with Dynacor Stock

0.8	AG	First Majestic Silver	Pair Corr
0.84	IE	Ivanhoe Energy	Pair Corr
0.85	FDY	Faraday Copper Corp	Pair Corr

Moving against Dynacor Stock

0.52	INFM	Infinico Metals Corp	Pair Corr
0.37	PFE	Pfizer Inc CDR	Pair Corr

The ability to find closely correlated positions to Dynacor Gold could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Dynacor Gold when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Dynacor Gold - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Dynacor Gold Mines to buy it.

The correlation of Dynacor Gold is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Dynacor Gold moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Dynacor Gold Mines moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Dynacor Gold can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

Other Information on Investing in Dynacor Stock

Balance Sheet is a snapshot of the financial position of Dynacor Gold Mines at a specified time, usually calculated after every quarter, six months, or one year. Dynacor Gold Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Dynacor Gold and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Dynacor currently owns. An asset can also be divided into two categories, current and non-current.

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Dynacor Net Income vs Free Cash Flow Analysis

Net Income vs Free Cash Flow

Net Income vs Free Cash Flow Correlation Analysis

Correlation Coefficient

Net Income

Free Cash Flow

Dynacor Gold fundamental ratios Correlations

Dynacor Gold Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Dynacor Gold fundamental ratios Accounts

Pair Trading with Dynacor Gold

Moving together with Dynacor Stock

Moving against Dynacor Stock

Other Information on Investing in Dynacor Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Stockholder Equity	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Cash And Short Term Investments	+ 1.0	Cash
Accounts Payable	+ 0.98	Total Current Liabilities
Total Current Assets	+ 0.98	Accounts Payable
Property Plant And Equipment Gross	+ 0.96	Total Assets

Short Term Investments	- 0.98	Common Stock Shares Outstanding
Cash And Short Term Investments	- 0.98	Net Debt
Cash	- 0.98	Net Debt
Common Stock Shares Outstanding	- 0.87	Good Will
Total Current Assets	- 0.86	Net Debt
Accounts Payable	- 0.81	Net Debt