| EQTY Stock | | | CAD 0.19 0.01 5.56% |
Equity Metals financial indicator trend analysis is much more than just examining Equity Metals Corp latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Equity Metals Corp is a good investment. Please check the relationship between Equity Metals Net Tangible Assets and its Total Current Liabilities accounts. Check out
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Equity 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 manufacturing.
Net Tangible Assets vs Total Current Liabilities
Net Tangible Assets vs Total Current Liabilities Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Equity Metals Corp Net Tangible Assets account and
Total Current Liabilities. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Equity Metals' Net Tangible Assets and Total Current Liabilities is -0.12. Overlapping area represents the amount of variation of Net Tangible Assets that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of Equity Metals Corp, assuming nothing else is changed. The correlation between historical values of Equity Metals' Net Tangible Assets 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 Tangible Assets of Equity 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 Tangible Assets i.e., Equity Metals' Net Tangible Assets and Total Current Liabilities go up and down completely randomly.
Correlation Coefficient | -0.12 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Net Tangible Assets
The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.
Total Current Liabilities
Total Current Liabilities is an item on Equity 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 Equity 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 Equity Metals' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Equity 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 Equity 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 manufacturing.
Enterprise Value is likely to climb to about 12.2
M in 2024, whereas
Selling General Administrative is likely to drop slightly above 797.8
K in 2024.
Equity Metals fundamental ratios Correlations
Click cells to compare fundamentals
Equity Metals Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Equity Metals fundamental ratios Accounts
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