Eskay Net Debt vs Net Tangible Assets Analysis

ESK Stock

CAD 0.23 0.06 35.29%

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

Net Debt vs Net Tangible Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Eskay Mining Corp Net Debt account and Net Tangible Assets. At this time, the significance of the direction appears to have pay attention.

The correlation between Eskay Mining's Net Debt and Net Tangible Assets is -0.78. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Net Tangible Assets in the same time period over historical financial statements of Eskay Mining Corp, assuming nothing else is changed. The correlation between historical values of Eskay Mining's Net Debt and Net Tangible 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 Eskay Mining Corp are associated (or correlated) with its Net Tangible Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Tangible Assets has no effect on the direction of Net Debt i.e., Eskay Mining's Net Debt and Net Tangible Assets go up and down completely randomly.

Correlation Coefficient

-0.78

Relationship Direction	Negative
Relationship Strength	Weak

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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.

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.

Most indicators from Eskay Mining's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Eskay Mining 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 Eskay Mining 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, Eskay Mining's Selling General Administrative is fairly stable compared to the past year. Tax Provision is expected to grow at the current pace this year, whereas Issuance Of Capital Stock is likely to drop slightly above 419.9 K in 2024.

Eskay Mining fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Common Stock	Short Long Term Debt Total	Non Current Liabilities Total	Short Term Debt	Non Currrent Assets Other	Current Deferred Revenue	Inventory	Other Liab	Net Tangible Assets
Total Assets		0.67	0.78	0.98	0.22	-0.77	-0.28	0.73	0.84	0.41	0.84	0.33	0.34	0.86	0.76	0.76	0.86	0.26	0.48	-0.52	0.48	-0.59	0.12	-0.15	-0.36	0.84
Other Current Liab	0.67		0.81	0.56	-0.18	-0.97	-0.07	0.81	0.96	-0.34	0.96	-0.17	0.14	0.86	0.51	0.81	0.94	0.12	0.4	-0.18	0.4	-0.36	-0.15	0.13	-0.25	0.79
Total Current Liabilities	0.78	0.81		0.63	-0.23	-0.77	-0.31	0.83	0.87	0.04	0.86	-0.04	0.34	0.97	0.9	1.0	0.88	0.38	0.67	-0.31	0.67	-0.44	-0.28	0.28	-0.44	0.98
Total Stockholder Equity	0.98	0.56	0.63		0.37	-0.7	-0.23	0.62	0.74	0.51	0.74	0.41	0.29	0.74	0.64	0.61	0.76	0.2	0.37	-0.56	0.37	-0.6	0.23	-0.26	-0.31	0.71
Property Plant And Equipment Net	0.22	-0.18	-0.23	0.37		0.08	0.66	-0.18	-0.11	0.68	-0.11	-0.09	-0.64	-0.1	-0.19	-0.25	-0.11	-0.61	-0.25	-0.36	-0.25	-0.43	-0.08	0.08	-0.24	-0.17
Net Debt	-0.77	-0.97	-0.77	-0.7	0.08		0.15	-0.8	-0.98	0.23	-0.98	0.02	-0.21	-0.85	-0.51	-0.77	-0.97	-0.18	-0.39	0.25	-0.39	0.43	-0.03	0.03	0.2	-0.78
Retained Earnings	-0.28	-0.07	-0.31	-0.23	0.66	0.15		-0.25	-0.22	0.03	-0.23	-0.68	-0.99	-0.25	-0.49	-0.31	-0.26	-0.9	-0.33	0.05	-0.33	-0.16	-0.56	0.52	-0.17	-0.34
Accounts Payable	0.73	0.81	0.83	0.62	-0.18	-0.8	-0.25		0.84	-0.08	0.83	0.12	0.28	0.86	0.64	0.81	0.84	0.25	0.35	-0.54	0.35	-0.37	-0.06	0.02	-0.59	0.8
Cash	0.84	0.96	0.87	0.74	-0.11	-0.98	-0.22	0.84		-0.12	1.0	0.01	0.28	0.92	0.66	0.86	1.0	0.27	0.49	-0.29	0.49	-0.48	-0.01	0.03	-0.26	0.88
Non Current Assets Total	0.41	-0.34	0.04	0.51	0.68	0.23	0.03	-0.08	-0.12		-0.12	0.36	-0.04	0.08	0.33	0.01	-0.09	-0.03	0.11	-0.47	0.12	-0.42	0.05	-0.05	-0.29	0.11
Cash And Short Term Investments	0.84	0.96	0.86	0.74	-0.11	-0.98	-0.23	0.83	1.0	-0.12		0.01	0.28	0.92	0.66	0.86	1.0	0.28	0.49	-0.29	0.49	-0.48	-0.01	0.03	-0.25	0.88
Net Receivables	0.33	-0.17	-0.04	0.41	-0.09	0.02	-0.68	0.12	0.01	0.36	0.01		0.71	0.04	0.17	-0.05	0.06	0.52	-0.02	-0.28	-0.02	0.05	0.79	-0.79	0.15	0.04
Common Stock Shares Outstanding	0.34	0.14	0.34	0.29	-0.64	-0.21	-0.99	0.28	0.28	-0.04	0.28	0.71		0.3	0.5	0.34	0.32	0.85	0.38	-0.01	0.38	0.13	0.55	-0.57	0.21	0.38
Other Current Assets	0.86	0.86	0.97	0.74	-0.1	-0.85	-0.25	0.86	0.92	0.08	0.92	0.04	0.3		0.86	0.97	0.93	0.31	0.66	-0.32	0.66	-0.53	-0.19	0.19	-0.38	0.98
Other Stockholder Equity	0.76	0.51	0.9	0.64	-0.19	-0.51	-0.49	0.64	0.66	0.33	0.66	0.17	0.5	0.86		0.9	0.69	0.53	0.76	-0.3	0.76	-0.44	-0.19	0.19	-0.36	0.92
Total Liab	0.76	0.81	1.0	0.61	-0.25	-0.77	-0.31	0.81	0.86	0.01	0.86	-0.05	0.34	0.97	0.9		0.87	0.39	0.68	-0.27	0.68	-0.43	-0.29	0.29	-0.41	0.98
Total Current Assets	0.86	0.94	0.88	0.76	-0.11	-0.97	-0.26	0.84	1.0	-0.09	1.0	0.06	0.32	0.93	0.69	0.87		0.32	0.51	-0.31	0.51	-0.49	0.02	0.02	-0.25	0.9
Common Stock	0.26	0.12	0.38	0.2	-0.61	-0.18	-0.9	0.25	0.27	-0.03	0.28	0.52	0.85	0.31	0.53	0.39	0.32		0.39	-0.04	0.39	-0.02	0.51	-0.21	0.19	0.4
Short Long Term Debt Total	0.48	0.4	0.67	0.37	-0.25	-0.39	-0.33	0.35	0.49	0.11	0.49	-0.02	0.38	0.66	0.76	0.68	0.51	0.39		0.14	1.0	-0.44	-0.29	0.28	0.01	0.73
Non Current Liabilities Total	-0.52	-0.18	-0.31	-0.56	-0.36	0.25	0.05	-0.54	-0.29	-0.47	-0.29	-0.28	-0.01	-0.32	-0.3	-0.27	-0.31	-0.04	0.14		0.13	0.4	-0.16	0.16	0.81	-0.29
Short Term Debt	0.48	0.4	0.67	0.37	-0.25	-0.39	-0.33	0.35	0.49	0.12	0.49	-0.02	0.38	0.66	0.76	0.68	0.51	0.39	1.0	0.13		-0.44	-0.28	0.28	0.01	0.73
Non Currrent Assets Other	-0.59	-0.36	-0.44	-0.6	-0.43	0.43	-0.16	-0.37	-0.48	-0.42	-0.48	0.05	0.13	-0.53	-0.44	-0.43	-0.49	-0.02	-0.44	0.4	-0.44		0.1	-0.27	0.23	-0.5
Current Deferred Revenue	0.12	-0.15	-0.28	0.23	-0.08	-0.03	-0.56	-0.06	-0.01	0.05	-0.01	0.79	0.55	-0.19	-0.19	-0.29	0.02	0.51	-0.29	-0.16	-0.28	0.1		-0.8	0.38	-0.21
Inventory	-0.15	0.13	0.28	-0.26	0.08	0.03	0.52	0.02	0.03	-0.05	0.03	-0.79	-0.57	0.19	0.19	0.29	0.02	-0.21	0.28	0.16	0.28	-0.27	-0.8		-0.24	0.21
Other Liab	-0.36	-0.25	-0.44	-0.31	-0.24	0.2	-0.17	-0.59	-0.26	-0.29	-0.25	0.15	0.21	-0.38	-0.36	-0.41	-0.25	0.19	0.01	0.81	0.01	0.23	0.38	-0.24		-0.36
Net Tangible Assets	0.84	0.79	0.98	0.71	-0.17	-0.78	-0.34	0.8	0.88	0.11	0.88	0.04	0.38	0.98	0.92	0.98	0.9	0.4	0.73	-0.29	0.73	-0.5	-0.21	0.21	-0.36

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Eskay Net Debt vs Net Tangible Assets Analysis

Net Debt vs Net Tangible Assets

Net Debt vs Net Tangible Assets Correlation Analysis

Correlation Coefficient

Net Debt

Net Tangible Assets

Eskay Mining fundamental ratios Correlations

Eskay Mining Account Relationship Matchups

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Total Liab	+ 1.0	Total Current Liabilities
Cash And Short Term Investments	+ 1.0	Cash
Total Current Assets	+ 1.0	Cash
Total Current Assets	+ 1.0	Cash And Short Term Investments
Short Term Debt	+ 1.0	Short Long Term Debt Total
Total Stockholder Equity	+ 0.98	Total Assets

Common Stock Shares Outstanding	- 0.99	Retained Earnings
Cash And Short Term Investments	- 0.98	Net Debt
Cash	- 0.98	Net Debt
Total Current Assets	- 0.97	Net Debt
Net Debt	- 0.97	Other Current Liab
Common Stock	- 0.9	Retained Earnings