Empress Net Debt vs Total Current Assets Analysis
| EMPR Stock | CAD 0.35 0.01 2.94% |
Empress Royalty financial indicator trend analysis is much more than just examining Empress Royalty Corp latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Empress Royalty Corp is a good investment. Please check the relationship between Empress Royalty Net Debt and its Total Current Assets accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Empress Royalty 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 metropolitan statistical area.
Net Debt vs Total Current Assets
Net Debt vs Total Current Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Empress Royalty Corp Net Debt account and Total Current Assets. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Empress Royalty's Net Debt and Total Current Assets is -0.14. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Total Current Assets in the same time period over historical financial statements of Empress Royalty Corp, assuming nothing else is changed. The correlation between historical values of Empress Royalty's Net Debt and Total Current 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 Empress Royalty Corp are associated (or correlated) with its Total Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Assets has no effect on the direction of Net Debt i.e., Empress Royalty's Net Debt and Total Current Assets go up and down completely randomly.
Correlation Coefficient | -0.14 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
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 Current Assets
The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.Most indicators from Empress Royalty's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Empress Royalty 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 Empress Royalty 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 metropolitan statistical area. At this time, Empress Royalty's Selling General Administrative is fairly stable compared to the past year. Sales General And Administrative To Revenue is likely to climb to 1.00 in 2024, whereas Issuance Of Capital Stock is likely to drop 0.00 in 2024.
| 2010 | 2023 | 2024 (projected) | Gross Profit | 785.8K | 2.0M | 1.5M | Total Revenue | 1.8M | 3.5M | 2.9M |
Empress Royalty fundamental ratios Correlations
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Empress Royalty Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Thematic Opportunities
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When running Empress Royalty's price analysis, check to measure Empress Royalty's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Empress Royalty is operating at the current time. Most of Empress Royalty's value examination focuses on studying past and present price action to predict the probability of Empress Royalty's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Empress Royalty's price. Additionally, you may evaluate how the addition of Empress Royalty to your portfolios can decrease your overall portfolio volatility.