Empire Net Receivables vs Total Current Liabilities Analysis
EP Stock | CAD 0.07 0.00 0.00% |
Empire Metals financial indicator trend analysis is much more than just examining Empire Metals Corp latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Empire Metals Corp is a good investment. Please check the relationship between Empire Metals Net Receivables and its Total Current Liabilities accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Empire 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.
Net Receivables vs Total Current Liabilities
Net Receivables vs Total Current Liabilities Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Empire Metals Corp Net Receivables account and Total Current Liabilities. At this time, the significance of the direction appears to have very week relationship.
The correlation between Empire Metals' Net Receivables and Total Current Liabilities is 0.25. Overlapping area represents the amount of variation of Net Receivables that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of Empire Metals Corp, assuming nothing else is changed. The correlation between historical values of Empire Metals' Net Receivables and Total Current Liabilities 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 Receivables of Empire Metals Corp are associated (or correlated) with its Total Current Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Liabilities has no effect on the direction of Net Receivables i.e., Empire Metals' Net Receivables and Total Current Liabilities go up and down completely randomly.
Correlation Coefficient | 0.25 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Net Receivables
Total Current Liabilities
Total Current Liabilities is an item on Empire Metals balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Empire Metals Corp 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.Most indicators from Empire Metals' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Empire 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 Empire 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. Selling General Administrative is likely to drop to about 177 K in 2024. Issuance Of Capital Stock is likely to drop to about 133 K in 2024
Empire Metals fundamental ratios Correlations
Click cells to compare fundamentals
Empire Metals Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Empire Metals fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 6.1M | 5.6M | 4.9M | 3.3M | 2.9M | 4.5M | |
Total Current Liabilities | 1.4M | 940.7K | 890.7K | 1.1M | 1.7M | 1.5M | |
Total Stockholder Equity | 4.7M | 4.7M | 4.0M | 2.2M | 1.2M | 1.1M | |
Net Tangible Assets | 2.2M | 4.3M | 4.7M | 4.7M | 5.4M | 3.1M | |
Retained Earnings | (19.5M) | (21.6M) | (22.5M) | (24.3M) | (25.5M) | (26.7M) | |
Accounts Payable | 895.9K | 809.7K | 735.3K | 897.6K | 1.5M | 1.5M | |
Cash | 1.2M | 928.8K | 519.4K | 25.5K | 42.0K | 39.9K | |
Net Receivables | 17.6K | 21.7K | 33.7K | 49.9K | 45.5K | 26.6K | |
Other Stockholder Equity | 963.0K | 2.8M | 2.8M | 4.2M | 4.8M | 2.5M | |
Total Liab | 1.4M | 940.7K | 890.7K | 1.1M | 1.7M | 1.1M | |
Short Long Term Debt | 393.2K | 88.6K | 2.3K | 23.5K | 21.2K | 20.1K | |
Total Current Assets | 1.2M | 954.5K | 569.3K | 77.4K | 89.5K | 85.0K | |
Common Stock | 19.0M | 20.7M | 21.4M | 22.1M | 25.4M | 19.9M | |
Property Plant Equipment | 3.9M | 4.6M | 4.9M | 4.6M | 5.3M | 4.1M | |
Non Current Assets Total | 4.9M | 4.6M | 4.3M | 3.2M | 2.8M | 3.2M | |
Common Stock Shares Outstanding | 69.0M | 75.1M | 93.7M | 98.3M | 102.0M | 92.0M | |
Net Invested Capital | 4.8M | 4.7M | 4.0M | 2.2M | 1.2M | 1.1M | |
Net Working Capital | (204.4K) | 13.8K | (321.4K) | (1.0M) | (1.6M) | (1.6M) |
Thematic Opportunities
Explore Investment Opportunities
Additional Tools for Empire Stock Analysis
When running Empire Metals' price analysis, check to measure Empire Metals' 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 Empire Metals is operating at the current time. Most of Empire Metals' value examination focuses on studying past and present price action to predict the probability of Empire Metals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Empire Metals' price. Additionally, you may evaluate how the addition of Empire Metals to your portfolios can decrease your overall portfolio volatility.