E79 Total Current Liabilities vs Inventory Analysis

E79 Stock

0.02 0 4.55%

E79 Gold financial indicator trend analysis is much more than just examining E79 Gold Mines latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether E79 Gold Mines is a good investment. Please check the relationship between E79 Gold Total Current Liabilities and its Inventory accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in E79 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.

Total Current Liabilities vs Inventory

Total Current Liabilities vs Inventory Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of E79 Gold Mines Total Current Liabilities account and Inventory. At this time, the significance of the direction appears to have no relationship.

The correlation between E79 Gold's Total Current Liabilities and Inventory is 0.03. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Inventory in the same time period over historical financial statements of E79 Gold Mines, assuming nothing else is changed. The correlation between historical values of E79 Gold's Total Current Liabilities and Inventory 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 E79 Gold Mines are associated (or correlated) with its Inventory. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Inventory has no effect on the direction of Total Current Liabilities i.e., E79 Gold's Total Current Liabilities and Inventory go up and down completely randomly.

Correlation Coefficient

0.03

Relationship Direction	Positive
Relationship Strength	Insignificant

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Total Current Liabilities

Total Current Liabilities is an item on E79 Gold balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of E79 Gold Mines 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.

Inventory

Most indicators from E79 Gold's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into E79 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 E79 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.

Selling General Administrative is likely to gain to about 1.1 M in 2024, whereas Issuance Of Capital Stock is likely to drop slightly above 1.2 M in 2024.

	2010	2022	2023	2024 (projected)
Reconciled Depreciation	31.3K	68.4K	78.7K	54.8K
Cost Of Revenue	31.3K	68.4K	140.2K	88.0K

Reconciled Depreciation Cost Of Revenue

E79 Gold 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	Common Stock Shares Outstanding	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Common Stock	Net Receivables	Property Plant Equipment	Cash And Equivalents	Net Tangible Assets	Other Current Liab	Other Assets	Inventory	Net Invested Capital	Property Plant And Equipment Gross
Total Assets		0.83	1.0	-0.01	-0.82	-0.2	0.86	0.86	0.2	0.05	0.86	0.41	0.74	0.66	0.83	0.88	0.66	0.74	0.11	0.75	0.73	0.38	-0.06	0.1	-0.29	0.26
Total Current Liabilities	0.83		0.8	-0.23	-0.59	-0.35	0.99	0.61	0.24	0.3	0.61	0.44	0.55	0.44	1.0	0.65	0.7	0.86	0.21	0.56	0.64	0.7	-0.02	0.03	-0.46	0.38
Total Stockholder Equity	1.0	0.8		0.01	-0.83	-0.19	0.83	0.87	0.19	0.03	0.87	0.4	0.74	0.67	0.8	0.89	0.64	0.72	0.1	0.76	0.72	0.34	-0.07	0.11	-0.27	0.25
Property Plant And Equipment Net	-0.01	-0.23	0.01		0.19	-0.28	-0.25	-0.09	0.75	0.22	-0.09	0.39	0.1	-0.37	-0.23	-0.1	0.16	-0.02	0.61	0.22	0.21	0.0	-0.42	0.41	-0.21	0.25
Net Debt	-0.82	-0.59	-0.83	0.19		-0.32	-0.67	-0.95	-0.02	0.44	-0.95	0.07	-0.4	-0.69	-0.59	-0.94	-0.22	-0.44	0.26	-0.47	-0.36	0.13	-0.41	0.43	-0.3	0.33
Retained Earnings	-0.2	-0.35	-0.19	-0.28	-0.32		-0.24	0.17	-0.33	-0.97	0.17	-0.86	-0.58	0.26	-0.35	0.13	-0.8	-0.64	-0.76	-0.61	-0.73	-0.83	0.73	-0.77	0.92	-0.89
Accounts Payable	0.86	0.99	0.83	-0.25	-0.67	-0.24		0.7	0.19	0.19	0.7	0.37	0.53	0.51	0.99	0.73	0.62	0.82	0.14	0.53	0.58	0.61	0.03	-0.06	-0.36	0.27
Cash	0.86	0.61	0.87	-0.09	-0.95	0.17	0.7		-0.01	-0.29	1.0	0.1	0.55	0.69	0.61	1.0	0.26	0.49	-0.14	0.53	0.41	0.0	0.13	-0.3	0.13	-0.21
Non Current Assets Total	0.2	0.24	0.19	0.75	-0.02	-0.33	0.19	-0.01		0.33	-0.01	0.4	0.04	-0.39	0.24	0.01	0.44	0.39	0.69	0.33	0.4	0.29	-0.04	0.19	-0.26	0.28
Non Currrent Assets Other	0.05	0.3	0.03	0.22	0.44	-0.97	0.19	-0.29	0.33		-0.29	0.79	0.42	-0.41	0.3	-0.25	0.71	0.59	0.76	0.47	0.61	0.83	-0.67	0.67	-0.87	0.82
Cash And Short Term Investments	0.86	0.61	0.87	-0.09	-0.95	0.17	0.7	1.0	-0.01	-0.29		0.1	0.55	0.69	0.61	1.0	0.26	0.49	-0.14	0.53	0.41	0.0	0.13	-0.3	0.13	-0.21
Common Stock Shares Outstanding	0.41	0.44	0.4	0.39	0.07	-0.86	0.37	0.1	0.4	0.79	0.1		0.75	-0.09	0.44	0.13	0.79	0.68	0.75	0.69	0.77	0.71	-0.67	0.66	-0.79	0.76
Other Current Assets	0.74	0.55	0.74	0.1	-0.4	-0.58	0.53	0.55	0.04	0.42	0.55	0.75		0.52	0.55	0.58	0.73	0.67	0.34	0.83	0.81	0.47	-0.51	0.5	-0.56	0.54
Other Stockholder Equity	0.66	0.44	0.67	-0.37	-0.69	0.26	0.51	0.69	-0.39	-0.41	0.69	-0.09	0.52		0.44	0.69	0.1	0.15	-0.45	0.25	0.18	-0.05	0.1	-0.07	0.07	-0.06
Total Liab	0.83	1.0	0.8	-0.23	-0.59	-0.35	0.99	0.61	0.24	0.3	0.61	0.44	0.55	0.44		0.65	0.7	0.86	0.21	0.56	0.64	0.7	-0.02	0.03	-0.46	0.38
Total Current Assets	0.88	0.65	0.89	-0.1	-0.94	0.13	0.73	1.0	0.01	-0.25	1.0	0.13	0.58	0.69	0.65		0.31	0.53	-0.12	0.56	0.45	0.04	0.12	-0.28	0.09	-0.17
Common Stock	0.66	0.7	0.64	0.16	-0.22	-0.8	0.62	0.26	0.44	0.71	0.26	0.79	0.73	0.1	0.7	0.31		0.9	0.61	0.88	0.97	0.76	-0.36	0.57	-0.74	0.76
Net Receivables	0.74	0.86	0.72	-0.02	-0.44	-0.64	0.82	0.49	0.39	0.59	0.49	0.68	0.67	0.15	0.86	0.53	0.9		0.52	0.82	0.88	0.73	-0.16	0.2	-0.56	0.5
Property Plant Equipment	0.11	0.21	0.1	0.61	0.26	-0.76	0.14	-0.14	0.69	0.76	-0.14	0.75	0.34	-0.45	0.21	-0.12	0.61	0.52		0.47	0.56	0.57	-0.51	0.5	-0.62	0.59
Cash And Equivalents	0.75	0.56	0.76	0.22	-0.47	-0.61	0.53	0.53	0.33	0.47	0.53	0.69	0.83	0.25	0.56	0.56	0.88	0.82	0.47		0.97	0.44	-0.29	0.41	-0.47	0.49
Net Tangible Assets	0.73	0.64	0.72	0.21	-0.36	-0.73	0.58	0.41	0.4	0.61	0.41	0.77	0.81	0.18	0.64	0.45	0.97	0.88	0.56	0.97		0.61	-0.34	0.51	-0.62	0.64
Other Current Liab	0.38	0.7	0.34	0.0	0.13	-0.83	0.61	0.0	0.29	0.83	0.0	0.71	0.47	-0.05	0.7	0.04	0.76	0.73	0.57	0.44	0.61		-0.54	0.54	-0.91	0.83
Other Assets	-0.06	-0.02	-0.07	-0.42	-0.41	0.73	0.03	0.13	-0.04	-0.67	0.13	-0.67	-0.51	0.1	-0.02	0.12	-0.36	-0.16	-0.51	-0.29	-0.34	-0.54		-0.8	0.79	-0.72
Inventory	0.1	0.03	0.11	0.41	0.43	-0.77	-0.06	-0.3	0.19	0.67	-0.3	0.66	0.5	-0.07	0.03	-0.28	0.57	0.2	0.5	0.41	0.51	0.54	-0.8		-0.82	0.91
Net Invested Capital	-0.29	-0.46	-0.27	-0.21	-0.3	0.92	-0.36	0.13	-0.26	-0.87	0.13	-0.79	-0.56	0.07	-0.46	0.09	-0.74	-0.56	-0.62	-0.47	-0.62	-0.91	0.79	-0.82		-0.97
Property Plant And Equipment Gross	0.26	0.38	0.25	0.25	0.33	-0.89	0.27	-0.21	0.28	0.82	-0.21	0.76	0.54	-0.06	0.38	-0.17	0.76	0.5	0.59	0.49	0.64	0.83	-0.72	0.91	-0.97

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E79 Gold Account Relationship Matchups

E79 Gold fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	2.7M	2.7M	10.5M	8.4M	5.9M	5.1M
Total Current Liabilities	20.6K	49.0K	377.8K	783.7K	200.2K	179.6K
Total Stockholder Equity	2.7M	2.7M	10.1M	7.6M	5.7M	4.9M
Net Debt	(2.7M)	(2.7M)	(6.9M)	(4.5M)	(2.1M)	(2.2M)
Retained Earnings	(7.5M)	(7.4M)	(9.8M)	(13.8M)	(16.6M)	(15.7M)
Accounts Payable	20.6K	49.0K	356.0K	650.7K	115.2K	157.6K
Cash	2.7M	2.7M	6.9M	4.5M	2.1M	3.8M
Cash And Short Term Investments	2.7M	2.7M	6.9M	4.5M	2.1M	3.8M
Liabilities And Stockholders Equity	2.7M	2.7M	10.5M	8.4M	5.9M	5.1M
Other Current Assets	9.7K	41.3K	135.5K	70.3K	99.8K	104.8K
Total Liab	20.6K	49.0K	377.8K	783.7K	200.2K	179.6K
Total Current Assets	2.7M	2.7M	7.0M	4.7M	2.3M	3.9M
Net Receivables	9.7K	9.3K	135.5K	175.9K	66.7K	50.3K
Cash And Equivalents	2.7M	2.7M	6.9M	4.5M	5.2M	4.0M
Net Tangible Assets	2.7M	2.7M	10.1M	7.6M	8.8M	5.3M

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