Independence Retained Earnings vs Net Debt Analysis

IGO Stock

CAD 0.22 0.01 4.76%

Independence Gold financial indicator trend analysis is infinitely more than just investigating Independence Gold Corp recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Independence Gold Corp is a good investment. Please check the relationship between Independence Gold Retained Earnings and its Net Debt accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Independence Gold 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.

Retained Earnings vs Net Debt

Retained Earnings vs Net Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Independence Gold Corp Retained Earnings account and Net Debt. At this time, the significance of the direction appears to have strong contrarian relationship.

The correlation between Independence Gold's Retained Earnings and Net Debt is -0.65. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Net Debt in the same time period over historical financial statements of Independence Gold Corp, assuming nothing else is changed. The correlation between historical values of Independence Gold's Retained Earnings and Net Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Retained Earnings of Independence Gold Corp are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Retained Earnings i.e., Independence Gold's Retained Earnings and Net Debt go up and down completely randomly.

Correlation Coefficient

-0.65

Relationship Direction	Negative
Relationship Strength	Weak

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Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.

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.

Most indicators from Independence Gold's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Independence Gold 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Independence Gold 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, Independence Gold's Issuance Of Capital Stock is fairly stable compared to the past year. Enterprise Value is likely to climb to about 32.4 M in 2024, whereas Selling General Administrative is likely to drop slightly above 728.5 K in 2024.

	2021	2022	2023	2024 (projected)
Depreciation And Amortization	99.1K	95.8K	98.8K	98.0K
Interest Income	2.9K	2.2K	2.6K	2.5K

Depreciation And Amortization Interest Income

Independence Gold fundamental ratios Correlations

	Total Assets	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Short Term Investments	Non Current Liabilities Total	Other Stockholder Equity	Total Liab	Total Current Assets	Total Current Liabilities	Accounts Payable	Other Current Liab	Net Tangible Assets	Non Currrent Assets Other	Other Assets	Other Current Assets	Common Stock	Property Plant Equipment	Net Invested Capital	Net Working Capital
Total Assets		1.0	0.89	-0.81	0.94	0.79	0.89	0.95	0.74	-0.79	0.51	0.19	0.76	0.14	0.95	0.68	0.79	-0.5	0.91	-0.12	-0.67	0.38	-0.76	0.82	0.78	0.54
Total Stockholder Equity	1.0		0.9	-0.8	0.94	0.78	0.89	0.94	0.72	-0.8	0.53	0.16	0.77	0.08	0.94	0.64	0.76	-0.51	0.92	-0.1	-0.66	0.35	-0.78	0.83	0.8	0.55
Property Plant And Equipment Net	0.89	0.9		-0.52	0.93	0.51	1.0	0.7	0.54	-0.85	0.54	0.03	0.7	-0.04	0.7	0.41	0.53	-0.54	0.92	-0.1	-0.69	0.21	-0.9	0.99	0.94	0.4
Net Debt	-0.81	-0.8	-0.52		-0.65	-1.0	-0.52	-0.9	-0.88	0.54	-0.01	-0.57	-0.51	-0.33	-0.91	-0.81	-0.85	0.23	-0.55	0.11	0.44	-0.58	0.35	-0.4	-0.36	-0.42
Retained Earnings	0.94	0.94	0.93	-0.65		0.64	0.93	0.82	0.62	-0.94	0.58	0.05	0.76	-0.03	0.82	0.52	0.64	-0.72	0.98	-0.25	-0.68	0.3	-0.91	0.89	0.88	0.44
Cash	0.79	0.78	0.51	-1.0	0.64		0.5	0.88	0.88	-0.55	-0.02	0.61	0.48	0.37	0.89	0.83	0.85	-0.24	0.53	-0.16	-0.46	0.6	-0.34	0.38	0.34	0.38
Non Current Assets Total	0.89	0.89	1.0	-0.52	0.93	0.5		0.69	0.54	-0.85	0.54	0.02	0.71	-0.05	0.69	0.4	0.52	-0.54	0.92	-0.09	-0.69	0.2	-0.9	0.99	0.94	0.41
Cash And Short Term Investments	0.95	0.94	0.7	-0.9	0.82	0.88	0.69		0.75	-0.65	0.45	0.27	0.69	0.24	1.0	0.78	0.87	-0.4	0.78	-0.13	-0.57	0.45	-0.57	0.6	0.57	0.56
Net Receivables	0.74	0.72	0.54	-0.88	0.62	0.88	0.54	0.75		-0.58	-0.06	0.54	0.58	0.31	0.77	0.77	0.81	-0.26	0.51	0.1	-0.26	0.4	-0.38	0.43	0.43	0.38
Common Stock Shares Outstanding	-0.79	-0.8	-0.85	0.54	-0.94	-0.55	-0.85	-0.65	-0.58		-0.42	-0.13	-0.64	0.05	-0.65	-0.41	-0.51	0.81	-0.9	0.39	0.65	-0.26	0.9	-0.83	-0.82	-0.25
Short Term Investments	0.51	0.53	0.54	-0.01	0.58	-0.02	0.54	0.45	-0.06	-0.42		-0.59	0.58	-0.2	0.43	0.1	0.23	-0.51	0.69	-0.06	-0.37	-0.15	-0.61	0.57	0.61	0.47
Non Current Liabilities Total	0.19	0.16	0.03	-0.57	0.05	0.61	0.02	0.27	0.54	-0.13	-0.59		-0.16	0.64	0.29	0.52	0.42	0.1	-0.1	-0.33	-0.3	0.44	0.11	-0.07	-0.21	-0.31
Other Stockholder Equity	0.76	0.77	0.7	-0.51	0.76	0.48	0.71	0.69	0.58	-0.64	0.58	-0.16		-0.12	0.69	0.4	0.52	-0.52	0.8	0.15	-0.4	0.22	-0.63	0.68	0.71	0.56
Total Liab	0.14	0.08	-0.04	-0.33	-0.03	0.37	-0.05	0.24	0.31	0.05	-0.2	0.64	-0.12		0.24	0.73	0.6	0.16	-0.12	-0.26	-0.24	0.57	0.21	-0.13	-0.24	-0.22
Total Current Assets	0.95	0.94	0.7	-0.91	0.82	0.89	0.69	1.0	0.77	-0.65	0.43	0.29	0.69	0.24		0.79	0.88	-0.4	0.77	-0.12	-0.57	0.46	-0.57	0.59	0.57	0.56
Total Current Liabilities	0.68	0.64	0.41	-0.81	0.52	0.83	0.4	0.78	0.77	-0.41	0.1	0.52	0.4	0.73	0.79		0.98	-0.18	0.41	-0.14	-0.36	0.65	-0.22	0.27	0.24	0.27
Accounts Payable	0.79	0.76	0.53	-0.85	0.64	0.85	0.52	0.87	0.81	-0.51	0.23	0.42	0.52	0.6	0.88	0.98		-0.28	0.55	-0.11	-0.41	0.59	-0.36	0.4	0.36	0.35
Other Current Liab	-0.5	-0.51	-0.54	0.23	-0.72	-0.24	-0.54	-0.4	-0.26	0.81	-0.51	0.1	-0.52	0.16	-0.4	-0.18	-0.28		-0.71	0.56	0.51	-0.11	0.76	-0.54	-0.55	-0.02
Net Tangible Assets	0.91	0.92	0.92	-0.55	0.98	0.53	0.92	0.78	0.51	-0.9	0.69	-0.1	0.8	-0.12	0.77	0.41	0.55	-0.71		-0.21	-0.68	0.22	-0.9	0.9	0.92	0.53
Non Currrent Assets Other	-0.12	-0.1	-0.1	0.11	-0.25	-0.16	-0.09	-0.13	0.1	0.39	-0.06	-0.33	0.15	-0.26	-0.12	-0.14	-0.11	0.56	-0.21		0.64	-0.32	0.3	-0.08	0.03	0.41
Other Assets	-0.67	-0.66	-0.69	0.44	-0.68	-0.46	-0.69	-0.57	-0.26	0.65	-0.37	-0.3	-0.4	-0.24	-0.57	-0.36	-0.41	0.51	-0.68	0.64		-0.33	0.65	-0.67	-0.53	-0.05
Other Current Assets	0.38	0.35	0.21	-0.58	0.3	0.6	0.2	0.45	0.4	-0.26	-0.15	0.44	0.22	0.57	0.46	0.65	0.59	-0.11	0.22	-0.32	-0.33		-0.09	0.12	0.03	-0.02
Common Stock	-0.76	-0.78	-0.9	0.35	-0.91	-0.34	-0.9	-0.57	-0.38	0.9	-0.61	0.11	-0.63	0.21	-0.57	-0.22	-0.36	0.76	-0.9	0.3	0.65	-0.09		-0.92	-0.86	-0.22
Property Plant Equipment	0.82	0.83	0.99	-0.4	0.89	0.38	0.99	0.6	0.43	-0.83	0.57	-0.07	0.68	-0.13	0.59	0.27	0.4	-0.54	0.9	-0.08	-0.67	0.12	-0.92		0.96	0.38
Net Invested Capital	0.78	0.8	0.94	-0.36	0.88	0.34	0.94	0.57	0.43	-0.82	0.61	-0.21	0.71	-0.24	0.57	0.24	0.36	-0.55	0.92	0.03	-0.53	0.03	-0.86	0.96		0.56
Net Working Capital	0.54	0.55	0.4	-0.42	0.44	0.38	0.41	0.56	0.38	-0.25	0.47	-0.31	0.56	-0.22	0.56	0.27	0.35	-0.02	0.53	0.41	-0.05	-0.02	-0.22	0.38	0.56

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Independence Gold Account Relationship Matchups

Independence Gold fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	12.4M	14.4M	7.0M	6.5M	8.5M	13.1M
Total Stockholder Equity	11.4M	13.3M	6.2M	5.7M	7.6M	12.6M
Property Plant And Equipment Net	11.5M	11.3M	4.9M	4.8M	4.6M	8.5M
Net Debt	183.6K	(2.0M)	(1.4M)	(1.0M)	(3.2M)	(3.3M)
Retained Earnings	(24.6M)	(25.7M)	(34.6M)	(36.6M)	(40.4M)	(38.4M)
Cash	721.7K	2.8M	2.0M	1.6M	3.6M	2.7M
Non Current Assets Total	11.5M	11.4M	4.9M	4.8M	4.8M	8.6M
Cash And Short Term Investments	846.1K	2.9M	2.0M	1.6M	3.6M	4.4M
Net Receivables	53.9K	97.2K	75.3K	20.0K	76.0K	129.7K
Common Stock Shares Outstanding	56.2M	66.1M	88.6M	104.4M	138.7M	145.6M
Short Term Investments	124.4K	132.5K	57.8K	12.3K	22.0K	20.9K
Liabilities And Stockholders Equity	12.4M	14.4M	7.0M	6.5M	8.5M	13.1M
Non Current Liabilities Total	781.0K	670.4K	509.8K	420.8K	310.1K	451.3K
Other Stockholder Equity	454.8K	1.2M	1.2M	1.0M	925.1K	878.8K
Total Liab	1.1M	1.1M	787.8K	749.4K	866.3K	669.4K
Total Current Assets	900.0K	3.0M	2.1M	1.6M	3.7M	4.5M
Total Current Liabilities	269.7K	398.3K	277.9K	328.6K	556.2K	281.2K
Accounts Payable	15.9K	91.0K	47.3K	96.7K	243.9K	170.8K
Accumulated Other Comprehensive Income	454.8K	1.2M	1.2M	1.0M	1.6M	840.2K
Net Tangible Assets	11.4M	13.3M	6.2M	5.7M	5.1M	4.9M
Non Currrent Assets Other	70.7K	55.2K	39.3K	39.3K	154.7K	162.5K
Other Assets	127.2K	111.3K	151.3K	154.7K	178.0K	152.9K
Common Stock	35.5M	37.9M	39.6M	41.2M	46.4M	40.6M
Property Plant Equipment	11.4M	11.2M	4.8M	4.7M	4.2M	8.3M
Net Invested Capital	11.4M	13.3M	6.2M	5.7M	7.6M	8.2M
Net Working Capital	630.3K	2.6M	1.8M	1.3M	3.2M	2.3M
Capital Stock	35.5M	37.9M	39.6M	41.2M	46.4M	43.3M

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