First Property Plant And Equipment Net vs Net Working Capital Analysis
| HELI Stock | 0.04 0.01 12.50% |
First Helium financial indicator trend analysis is much more than just examining First Helium latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether First Helium is a good investment. Please check the relationship between First Helium Property Plant And Equipment Net and its Net Working Capital accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in First Helium. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.
Property Plant And Equipment Net vs Net Working Capital
Property Plant And Equipment Net vs Net Working Capital Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of First Helium Property Plant And Equipment Net account and Net Working Capital. At this time, the significance of the direction appears to have very week relationship.
The correlation between First Helium's Property Plant And Equipment Net and Net Working Capital is 0.22. Overlapping area represents the amount of variation of Property Plant And Equipment Net that can explain the historical movement of Net Working Capital in the same time period over historical financial statements of First Helium, assuming nothing else is changed. The correlation between historical values of First Helium's Property Plant And Equipment Net and Net Working Capital is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Property Plant And Equipment Net of First Helium are associated (or correlated) with its Net Working Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Working Capital has no effect on the direction of Property Plant And Equipment Net i.e., First Helium's Property Plant And Equipment Net and Net Working Capital go up and down completely randomly.
Correlation Coefficient | 0.22 |
| Relationship Direction | Positive |
| Relationship Strength | Very Weak |
Property Plant And Equipment Net
The total value of a company's physical assets (such as land, buildings, and equipment) used in operations, net of depreciation. It reflects the company's investment in assets used for production.Net Working Capital
Most indicators from First Helium's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into First Helium 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in First Helium. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product. At this time, First Helium's Issuance Of Capital Stock is fairly stable compared to the past year. Sales General And Administrative To Revenue is likely to climb to 1.31 in 2024, whereas Selling General Administrative is likely to drop slightly above 1.6 M in 2024.
| 2021 | 2023 | 2024 (projected) | Interest Expense | 18.9K | 17.0K | 16.1K | Interest Income | 41.0K | 294.0 | 279.3 |
First Helium fundamental ratios Correlations
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First Helium Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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