Horseshoe Change To Operating Activities vs Capital Expenditures Analysis

HOR Stock

0.01 0 11.11%

Horseshoe Metals financial indicator trend analysis is much more than just examining Horseshoe Metals latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Horseshoe Metals is a good investment. Please check the relationship between Horseshoe Metals Change To Operating Activities and its Capital Expenditures accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Horseshoe Metals. 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.

Change To Operating Activities vs Capital Expenditures

Change To Operating Activities vs Capital Expenditures Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Horseshoe Metals Change To Operating Activities account and Capital Expenditures. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between Horseshoe Metals' Change To Operating Activities and Capital Expenditures is -0.02. Overlapping area represents the amount of variation of Change To Operating Activities that can explain the historical movement of Capital Expenditures in the same time period over historical financial statements of Horseshoe Metals, assuming nothing else is changed. The correlation between historical values of Horseshoe Metals' Change To Operating Activities and Capital Expenditures is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Change To Operating Activities of Horseshoe Metals are associated (or correlated) with its Capital Expenditures. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capital Expenditures has no effect on the direction of Change To Operating Activities i.e., Horseshoe Metals' Change To Operating Activities and Capital Expenditures go up and down completely randomly.

Correlation Coefficient

-0.02

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Change To Operating Activities

Capital Expenditures

Capital Expenditures are funds used by Horseshoe Metals to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of Horseshoe Metals operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.

Most indicators from Horseshoe Metals' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Horseshoe Metals 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 Horseshoe Metals. 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 562.8 K in 2024. Issuance Of Capital Stock is likely to drop to about 1.6 M in 2024

	2021	2022	2023	2024 (projected)
Reconciled Depreciation	4.0K	33.8K	13.4K	14.4K
Interest Income	175.5K	74.5K	85.6K	100.4K

Reconciled Depreciation Interest Income

Horseshoe Metals 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	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Non Current Liabilities Total	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Common Stock	Other Liab	Common Stock Shares Outstanding	Other Current Assets	Property Plant Equipment	Short Long Term Debt Total	Long Term Debt	Short Term Debt
Total Assets		0.34	-0.11	0.73	0.44	-0.19	0.45	-0.1	0.13	0.81	-0.15	0.13	0.23	-0.27	0.12	-0.2	0.7	0.14	-0.21	-0.22	-0.18	-0.15	0.97	-0.23	-0.22	-0.13
Other Current Liab	0.34		0.06	0.03	-0.13	0.02	0.07	0.35	0.03	0.27	0.03	0.03	0.51	-0.06	0.22	0.25	0.23	0.03	-0.05	0.12	-0.19	-0.28	0.19	0.2	0.33	-0.28
Total Current Liabilities	-0.11	0.06		-0.5	-0.05	0.63	-0.8	0.74	-0.34	0.19	0.79	-0.34	0.3	0.59	0.47	0.63	0.27	-0.34	0.7	0.59	0.92	-0.08	-0.22	0.72	0.62	0.81
Total Stockholder Equity	0.73	0.03	-0.5		0.59	-0.64	0.86	-0.67	0.42	0.41	-0.55	0.42	-0.23	-0.7	-0.32	-0.82	0.26	0.43	-0.67	-0.79	-0.51	-0.02	0.73	-0.8	-0.79	-0.27
Property Plant And Equipment Net	0.44	-0.13	-0.05	0.59		0.02	0.31	-0.46	-0.25	0.59	-0.54	-0.25	-0.14	-0.13	-0.54	-0.46	0.55	-0.26	-0.15	-0.27	-0.01	0.18	0.42	-0.49	-0.58	0.28
Net Debt	-0.19	0.02	0.63	-0.64	0.02		-0.81	0.6	-0.92	0.38	0.36	-0.92	0.35	0.83	0.36	0.76	0.52	-0.92	0.78	0.79	0.65	0.14	-0.22	0.67	0.59	0.46
Retained Earnings	0.45	0.07	-0.8	0.86	0.31	-0.81		-0.77	0.56	0.05	-0.68	0.56	-0.33	-0.87	-0.42	-0.85	-0.11	0.56	-0.91	-0.84	-0.83	-0.15	0.49	-0.86	-0.75	-0.6
Accounts Payable	-0.1	0.35	0.74	-0.67	-0.46	0.6	-0.77		-0.32	0.09	0.75	-0.32	0.43	0.72	0.61	0.87	0.19	-0.32	0.74	0.75	0.58	-0.22	-0.18	0.86	0.89	0.29
Cash	0.13	0.03	-0.34	0.42	-0.25	-0.92	0.56	-0.32		-0.46	0.01	1.0	-0.23	-0.71	-0.12	-0.5	-0.6	1.0	-0.6	-0.59	-0.4	-0.26	0.12	-0.36	-0.28	-0.29
Non Current Assets Total	0.81	0.27	0.19	0.41	0.59	0.38	0.05	0.09	-0.46		-0.08	-0.46	0.35	0.15	0.17	0.1	0.98	-0.45	0.15	0.13	0.15	0.0	0.77	0.01	-0.03	0.14
Non Currrent Assets Other	-0.15	0.03	0.79	-0.55	-0.54	0.36	-0.68	0.75	0.01	-0.08		0.01	0.24	0.39	0.75	0.67	-0.04	0.01	0.51	0.54	0.72	-0.17	-0.23	0.76	0.75	0.5
Cash And Short Term Investments	0.13	0.03	-0.34	0.42	-0.25	-0.92	0.56	-0.32	1.0	-0.46	0.01		-0.23	-0.71	-0.12	-0.5	-0.6	1.0	-0.6	-0.59	-0.4	-0.26	0.12	-0.36	-0.28	-0.29
Net Receivables	0.23	0.51	0.3	-0.23	-0.14	0.35	-0.33	0.43	-0.23	0.35	0.24	-0.23		0.27	0.15	0.53	0.38	-0.23	0.33	0.41	0.28	-0.06	0.24	0.5	0.41	0.13
Common Stock Total Equity	-0.27	-0.06	0.59	-0.7	-0.13	0.83	-0.87	0.72	-0.71	0.15	0.39	-0.71	0.27		0.32	0.77	0.32	-0.7	0.95	0.8	0.6	0.25	-0.27	0.73	0.64	0.39
Non Current Liabilities Total	0.12	0.22	0.47	-0.32	-0.54	0.36	-0.42	0.61	-0.12	0.17	0.75	-0.12	0.15	0.32		0.56	0.2	-0.11	0.37	0.39	0.36	-0.18	0.04	0.58	0.63	0.12
Total Liab	-0.2	0.25	0.63	-0.82	-0.46	0.76	-0.85	0.87	-0.5	0.1	0.67	-0.5	0.53	0.77	0.56		0.22	-0.5	0.77	0.95	0.59	-0.09	-0.24	0.96	0.94	0.28
Property Plant And Equipment Gross	0.7	0.23	0.27	0.26	0.55	0.52	-0.11	0.19	-0.6	0.98	-0.04	-0.6	0.38	0.32	0.2	0.22		-0.59	0.32	0.26	0.26	0.07	0.67	0.12	0.05	0.21
Total Current Assets	0.14	0.03	-0.34	0.43	-0.26	-0.92	0.56	-0.32	1.0	-0.45	0.01	1.0	-0.23	-0.7	-0.11	-0.5	-0.59		-0.59	-0.59	-0.39	-0.22	0.13	-0.36	-0.29	-0.29
Common Stock	-0.21	-0.05	0.7	-0.67	-0.15	0.78	-0.91	0.74	-0.6	0.15	0.51	-0.6	0.33	0.95	0.37	0.77	0.32	-0.59		0.78	0.76	0.28	-0.23	0.78	0.61	0.54
Other Liab	-0.22	0.12	0.59	-0.79	-0.27	0.79	-0.84	0.75	-0.59	0.13	0.54	-0.59	0.41	0.8	0.39	0.95	0.26	-0.59	0.78		0.6	0.01	-0.25	0.9	0.84	0.37
Common Stock Shares Outstanding	-0.18	-0.19	0.92	-0.51	-0.01	0.65	-0.83	0.58	-0.4	0.15	0.72	-0.4	0.28	0.6	0.36	0.59	0.26	-0.39	0.76	0.6		0.16	-0.23	0.68	0.49	0.89
Other Current Assets	-0.15	-0.28	-0.08	-0.02	0.18	0.14	-0.15	-0.22	-0.26	0.0	-0.17	-0.26	-0.06	0.25	-0.18	-0.09	0.07	-0.22	0.28	0.01	0.16		-0.12	-0.08	-0.25	0.17
Property Plant Equipment	0.97	0.19	-0.22	0.73	0.42	-0.22	0.49	-0.18	0.12	0.77	-0.23	0.12	0.24	-0.27	0.04	-0.24	0.67	0.13	-0.23	-0.25	-0.23	-0.12		-0.27	-0.3	-0.19
Short Long Term Debt Total	-0.23	0.2	0.72	-0.8	-0.49	0.67	-0.86	0.86	-0.36	0.01	0.76	-0.36	0.5	0.73	0.58	0.96	0.12	-0.36	0.78	0.9	0.68	-0.08	-0.27		0.92	0.44
Long Term Debt	-0.22	0.33	0.62	-0.79	-0.58	0.59	-0.75	0.89	-0.28	-0.03	0.75	-0.28	0.41	0.64	0.63	0.94	0.05	-0.29	0.61	0.84	0.49	-0.25	-0.3	0.92		0.18
Short Term Debt	-0.13	-0.28	0.81	-0.27	0.28	0.46	-0.6	0.29	-0.29	0.14	0.5	-0.29	0.13	0.39	0.12	0.28	0.21	-0.29	0.54	0.37	0.89	0.17	-0.19	0.44	0.18

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Horseshoe Metals Account Relationship Matchups

Horseshoe Metals fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	6.8M	7.2M	8.5M	8.3M	8.5M	6.6M
Other Current Liab	66K	155.6K	372.4K	37.4K	48.9K	46.5K
Total Current Liabilities	1.4M	1.5M	2.2M	1.8M	3.3M	3.5M
Total Stockholder Equity	(2.4M)	(2.8M)	(1.8M)	(1.5M)	(560.5K)	(532.5K)
Property Plant And Equipment Net	23.1K	18.0K	14.0K	57.9K	8.4M	8.8M
Net Debt	1.2M	1.5M	264.7K	1.6M	1.7M	1.8M
Retained Earnings	(19.8M)	(21.0M)	(23.3M)	(25.6M)	(26.9M)	(25.6M)
Accounts Payable	1.3M	1.3M	1.8M	1.1M	1.6M	794.0K
Cash	473.0	98.3K	1.4M	6.8K	2.5K	2.4K
Non Current Assets Total	6.7M	7.0M	7.0M	8.0M	8.4M	8.0M
Non Currrent Assets Other	6.5M	6.7M	6.7M	8.0M	8.4M	8.8M
Cash And Short Term Investments	473.0	98.3K	1.4M	6.8K	2.5K	2.4K
Net Receivables	79.2K	72.0K	128.0K	129.6K	47.1K	92.2K
Liabilities And Stockholders Equity	6.8M	7.2M	8.5M	8.3M	8.5M	6.6M
Non Current Liabilities Total	7.9M	8.5M	8.1M	7.9M	5.8M	4.8M
Total Liab	9.3M	10.0M	10.3M	9.8M	9.1M	7.3M
Property Plant And Equipment Gross	6.5M	6.7M	6.9M	8.2M	8.7M	7.7M
Total Current Assets	86.7K	199.7K	1.5M	246.8K	124.6K	118.3K
Common Stock	17.4M	18.2M	21.4M	23.7M	25.9M	18.5M
Other Liab	7.0M	6.7M	6.9M	6.5M	7.5M	5.6M
Common Stock Shares Outstanding	195.2M	217.8M	264.5M	537.0M	628.4M	659.8M
Other Current Assets	7.1K	29.4K	321.0	110.4K	75.0K	64.7K
Property Plant Equipment	6.5M	6.7M	6.7M	8.0M	7.2M	5.8M
Short Long Term Debt Total	1.2M	1.6M	1.6M	1.6M	1.7M	976.7K
Long Term Debt	1.2M	1.6M	1.6M	869.3K	999.7K	772.7K
Net Tangible Assets	(1.9M)	(2.4M)	(2.8M)	(1.8M)	(1.7M)	(1.6M)
Other Stockholder Equity	(1.1M)	1.1M	1.1M	(1.3M)	(1.5M)	(1.4M)
Long Term Debt Total	1.2M	1.6M	1.6M	869.3K	999.7K	1.1M
Net Invested Capital	(1.2M)	(1.2M)	(197.5K)	60.4K	1.1M	1.2M
Net Working Capital	(1.3M)	(1.3M)	(692.6K)	(1.6M)	(3.2M)	(3.0M)
Capital Stock	17.4M	18.2M	21.4M	23.7M	25.9M	22.7M

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