Elemental Net Debt vs Total Assets Analysis

ELE Stock

1.15 0.01 0.88%

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

Net Debt vs Total Assets

Net Debt vs Total Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Elemental Royalties Corp Net Debt account and Total Assets. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Elemental Royalties' Net Debt and Total Assets is 0.81. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Total Assets in the same time period over historical financial statements of Elemental Royalties Corp, assuming nothing else is changed. The correlation between historical values of Elemental Royalties' Net Debt and Total Assets 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 Debt of Elemental Royalties Corp are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Net Debt i.e., Elemental Royalties' Net Debt and Total Assets go up and down completely randomly.

Correlation Coefficient

0.81

Relationship Direction	Positive
Relationship Strength	Strong

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Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.

Total Assets

Total assets refers to the total amount of Elemental Royalties assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Elemental Royalties Corp books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

Most indicators from Elemental Royalties' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Elemental Royalties 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 Elemental Royalties 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, Elemental Royalties' Enterprise Value Over EBITDA is fairly stable compared to the past year. Enterprise Value Multiple is likely to climb to 52.18 in 2024, whereas Selling General Administrative is likely to drop slightly above 4.9 M in 2024.

	2021	2022	2023	2024 (projected)
Depreciation And Amortization	2.9M	5.4M	6.3M	6.6M
Interest Income	15K	23K	106K	111.3K

Depreciation And Amortization Interest Income

Elemental Royalties fundamental ratios Correlations

	Total Current Liabilities	Net Tangible Assets	Retained Earnings	Accounts Payable	Net Receivables	Other Stockholder Equity	Total Current Assets	Common Stock	Other Current Liab	Total Assets	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Common Stock Shares Outstanding	Inventory	Other Current Assets	Total Liab	Deferred Long Term Liab	Net Invested Capital	Property Plant And Equipment Gross	Capital Stock
Total Current Liabilities		0.71	-0.73	0.69	0.62	0.67	0.94	0.71	0.89	0.8	0.79	0.77	0.53	0.85	0.76	-0.8	-0.66	0.69	0.53	0.68	0.72	0.81	-0.66	0.79	0.77	0.79
Net Tangible Assets	0.71		-1.0	0.33	0.98	0.98	0.8	1.0	0.43	0.94	0.94	0.92	0.83	0.85	0.94	-0.98	-0.79	0.97	0.97	0.98	0.87	0.9	-0.79	0.94	0.93	0.94
Retained Earnings	-0.73	-1.0		-0.33	-0.97	-0.98	-0.82	-1.0	-0.46	-0.96	-0.96	-0.94	-0.83	-0.86	-0.95	0.98	0.79	-0.96	-0.96	-0.98	-0.89	-0.91	0.79	-0.96	-0.95	-0.96
Accounts Payable	0.69	0.33	-0.33		0.3	0.2	0.74	0.33	0.81	0.45	0.44	0.43	0.02	0.76	0.38	-0.41	-0.67	0.47	0.15	0.24	0.45	0.44	-0.67	0.44	0.41	0.44
Net Receivables	0.62	0.98	-0.97	0.3		0.94	0.73	0.98	0.34	0.91	0.9	0.93	0.88	0.82	0.92	-0.96	-0.85	0.95	0.97	0.92	0.91	0.9	-0.85	0.91	0.93	0.9
Other Stockholder Equity	0.67	0.98	-0.98	0.2	0.94		0.76	0.98	0.38	0.91	0.92	0.89	0.84	0.78	0.91	-0.96	-0.68	0.92	0.96	0.99	0.82	0.87	-0.68	0.91	0.9	0.92
Total Current Assets	0.94	0.8	-0.82	0.74	0.73	0.76		0.8	0.85	0.9	0.9	0.86	0.56	0.95	0.86	-0.87	-0.8	0.82	0.64	0.77	0.82	0.87	-0.8	0.89	0.86	0.89
Common Stock	0.71	1.0	-1.0	0.33	0.98	0.98	0.8		0.43	0.94	0.94	0.93	0.83	0.85	0.94	-0.98	-0.79	0.97	0.97	0.98	0.87	0.9	-0.79	0.94	0.93	0.94
Other Current Liab	0.89	0.43	-0.46	0.81	0.34	0.38	0.85	0.43		0.59	0.58	0.56	0.27	0.71	0.53	-0.56	-0.51	0.44	0.2	0.4	0.53	0.63	-0.51	0.58	0.55	0.57
Total Assets	0.8	0.94	-0.96	0.45	0.91	0.91	0.9	0.94	0.59		1.0	0.99	0.81	0.89	1.0	-0.97	-0.83	0.91	0.86	0.9	0.95	0.97	-0.83	1.0	0.99	1.0
Total Stockholder Equity	0.79	0.94	-0.96	0.44	0.9	0.92	0.9	0.94	0.58	1.0		0.98	0.78	0.89	0.99	-0.97	-0.82	0.91	0.86	0.91	0.94	0.95	-0.82	1.0	0.99	1.0
Property Plant And Equipment Net	0.77	0.92	-0.94	0.43	0.93	0.89	0.86	0.93	0.56	0.99	0.98		0.86	0.87	0.99	-0.97	-0.86	0.89	0.86	0.86	0.98	0.99	-0.86	0.99	1.0	0.98
Net Debt	0.53	0.83	-0.83	0.02	0.88	0.84	0.56	0.83	0.27	0.81	0.78	0.86		0.57	0.83	-0.87	-0.63	0.71	0.85	0.78	0.85	0.88	-0.63	0.81	0.85	0.78
Cash	0.85	0.85	-0.86	0.76	0.82	0.78	0.95	0.85	0.71	0.89	0.89	0.87	0.57		0.86	-0.88	-0.92	0.92	0.74	0.79	0.85	0.85	-0.92	0.89	0.86	0.89
Non Current Assets Total	0.76	0.94	-0.95	0.38	0.92	0.91	0.86	0.94	0.53	1.0	0.99	0.99	0.83	0.86		-0.97	-0.82	0.89	0.88	0.9	0.96	0.97	-0.82	1.0	1.0	0.99
Non Currrent Assets Other	-0.8	-0.98	0.98	-0.41	-0.96	-0.96	-0.87	-0.98	-0.56	-0.97	-0.97	-0.97	-0.87	-0.88	-0.97		0.82	-0.94	-0.91	-0.94	-0.93	-0.97	0.82	-0.97	-0.97	-0.97
Other Assets	-0.66	-0.79	0.79	-0.67	-0.85	-0.68	-0.8	-0.79	-0.51	-0.83	-0.82	-0.86	-0.63	-0.92	-0.82	0.82		-0.87	-0.73	-0.67	-0.91	-0.84	1.0	-0.84	-0.85	-0.82
Cash And Short Term Investments	0.69	0.97	-0.96	0.47	0.95	0.92	0.82	0.97	0.44	0.91	0.91	0.89	0.71	0.92	0.89	-0.94	-0.87		0.93	0.93	0.86	0.85	-0.87	0.91	0.89	0.91
Common Stock Shares Outstanding	0.53	0.97	-0.96	0.15	0.97	0.96	0.64	0.97	0.2	0.86	0.86	0.86	0.85	0.74	0.88	-0.91	-0.73	0.93		0.95	0.82	0.82	-0.73	0.87	0.87	0.87
Inventory	0.68	0.98	-0.98	0.24	0.92	0.99	0.77	0.98	0.4	0.9	0.91	0.86	0.78	0.79	0.9	-0.94	-0.67	0.93	0.95		0.78	0.83	-0.67	0.9	0.88	0.91
Other Current Assets	0.72	0.87	-0.89	0.45	0.91	0.82	0.82	0.87	0.53	0.95	0.94	0.98	0.85	0.85	0.96	-0.93	-0.91	0.86	0.82	0.78		0.97	-0.91	0.95	0.98	0.94
Total Liab	0.81	0.9	-0.91	0.44	0.9	0.87	0.87	0.9	0.63	0.97	0.95	0.99	0.88	0.85	0.97	-0.97	-0.84	0.85	0.82	0.83	0.97		-0.84	0.97	0.98	0.95
Deferred Long Term Liab	-0.66	-0.79	0.79	-0.67	-0.85	-0.68	-0.8	-0.79	-0.51	-0.83	-0.82	-0.86	-0.63	-0.92	-0.82	0.82	1.0	-0.87	-0.73	-0.67	-0.91	-0.84		-0.84	-0.85	-0.82
Net Invested Capital	0.79	0.94	-0.96	0.44	0.91	0.91	0.89	0.94	0.58	1.0	1.0	0.99	0.81	0.89	1.0	-0.97	-0.84	0.91	0.87	0.9	0.95	0.97	-0.84		0.99	1.0
Property Plant And Equipment Gross	0.77	0.93	-0.95	0.41	0.93	0.9	0.86	0.93	0.55	0.99	0.99	1.0	0.85	0.86	1.0	-0.97	-0.85	0.89	0.87	0.88	0.98	0.98	-0.85	0.99		0.99
Capital Stock	0.79	0.94	-0.96	0.44	0.9	0.92	0.89	0.94	0.57	1.0	1.0	0.98	0.78	0.89	0.99	-0.97	-0.82	0.91	0.87	0.91	0.94	0.95	-0.82	1.0	0.99

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Elemental Royalties Account Relationship Matchups

Elemental Royalties fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Current Liabilities	293.4K	1.1M	1.6M	7.4M	2.0M	2.3M
Net Tangible Assets	6.4M	26.9M	50.5M	146.4M	168.4M	176.8M
Retained Earnings	(370.1K)	(3.0M)	(7.7M)	(25.9M)	(29.2M)	(27.7M)
Accounts Payable	293.4K	1.1M	378K	1.2M	75K	71.3K
Net Receivables	445.2K	1.1M	2.1M	2.5M	3.4M	3.6M
Other Stockholder Equity	7.2K	40K	1.7M	7.0M	8.0M	8.4M
Total Current Assets	1.3M	12.1M	8.5M	40.2M	18.8M	12.9M
Common Stock	6.4M	28.8M	56.4M	165.0M	189.8M	199.3M

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