Metalla Net Tangible Assets vs Cash And Short Term Investments Analysis

MTA Stock

CAD 4.34 0.03 0.70%

Metalla Royalty financial indicator trend analysis is infinitely more than just investigating Metalla Royalty Streaming recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Metalla Royalty Streaming is a good investment. Please check the relationship between Metalla Royalty Net Tangible Assets and its Cash And Short Term Investments accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Metalla Royalty Streaming. 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 Tangible Assets vs Cash And Short Term Investments

Net Tangible Assets vs Cash And Short Term Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Metalla Royalty Streaming Net Tangible Assets account and Cash And Short Term Investments. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Metalla Royalty's Net Tangible Assets and Cash And Short Term Investments is 0.84. Overlapping area represents the amount of variation of Net Tangible Assets that can explain the historical movement of Cash And Short Term Investments in the same time period over historical financial statements of Metalla Royalty Streaming, assuming nothing else is changed. The correlation between historical values of Metalla Royalty's Net Tangible Assets and Cash And Short Term Investments 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 Metalla Royalty Streaming are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Net Tangible Assets i.e., Metalla Royalty's Net Tangible Assets and Cash And Short Term Investments go up and down completely randomly.

Correlation Coefficient

0.84

Relationship Direction	Positive
Relationship Strength	Strong

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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.

Cash And Short Term Investments

Short Term Investments is an account in the current assets section of Metalla Royalty Streaming balance sheet. This account contains Metalla Royalty investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Metalla Royalty Streaming fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.

Most indicators from Metalla Royalty's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Metalla Royalty Streaming 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Metalla Royalty Streaming. 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, Metalla Royalty's Selling General Administrative is fairly stable compared to the past year. Tax Provision is likely to climb to about 1.4 M in 2024, whereas Issuance Of Capital Stock is likely to drop slightly above 3.9 M in 2024.

Metalla Royalty fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Other Assets	Cash And Short Term Investments	Common Stock Shares Outstanding	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Long Term Debt Total	Non Current Liabilities Total	Short Term Debt	Non Currrent Assets Other	Common Stock	Accounts Payable	Net Receivables	Inventory	Net Tangible Assets	Property Plant Equipment
Total Assets		-0.22	0.91	1.0	1.0	0.32	-0.94	0.94	1.0	0.69	0.82	0.99	0.46	0.52	0.98	0.99	0.88	0.93	0.9	0.02	0.95	0.97	0.96	0.9	0.91	0.42
Other Current Liab	-0.22		-0.37	-0.23	-0.22	0.33	0.21	-0.24	-0.22	0.24	-0.09	-0.16	0.4	-0.22	-0.09	-0.1	0.05	0.05	-0.17	0.44	-0.23	-0.23	-0.1	-0.1	-0.19	0.19
Total Current Liabilities	0.91	-0.37		0.91	0.91	0.2	-0.9	0.88	0.9	0.53	0.85	0.89	0.4	0.48	0.86	0.9	0.77	0.73	0.82	-0.02	0.91	0.87	0.84	0.79	0.86	0.41
Total Stockholder Equity	1.0	-0.23	0.91		1.0	0.3	-0.94	0.94	1.0	0.68	0.81	0.99	0.45	0.53	0.98	0.98	0.87	0.92	0.9	0.01	0.95	0.97	0.96	0.9	0.91	0.41
Property Plant And Equipment Net	1.0	-0.22	0.91	1.0		0.31	-0.94	0.94	1.0	0.69	0.81	0.99	0.45	0.52	0.98	0.98	0.88	0.92	0.9	0.01	0.95	0.97	0.96	0.9	0.91	0.41
Net Debt	0.32	0.33	0.2	0.3	0.31		-0.5	0.05	0.32	0.71	0.27	0.32	0.8	0.36	0.45	0.37	0.69	0.53	0.62	0.25	0.49	0.1	0.49	0.65	0.54	0.45
Retained Earnings	-0.94	0.21	-0.9	-0.94	-0.94	-0.5		-0.83	-0.94	-0.71	-0.84	-0.94	-0.54	-0.5	-0.95	-0.93	-0.93	-0.89	-0.93	-0.07	-0.99	-0.84	-0.92	-0.93	-0.96	-0.56
Cash	0.94	-0.24	0.88	0.94	0.94	0.05	-0.83		0.94	0.46	0.85	0.94	0.21	0.37	0.91	0.93	0.75	0.84	0.72	0.16	0.84	0.98	0.84	0.72	0.78	0.36
Non Current Assets Total	1.0	-0.22	0.9	1.0	1.0	0.32	-0.94	0.94		0.69	0.81	0.99	0.46	0.52	0.98	0.98	0.88	0.93	0.9	0.01	0.95	0.97	0.96	0.9	0.91	0.42
Other Assets	0.69	0.24	0.53	0.68	0.69	0.71	-0.71	0.46	0.69		0.43	0.67	0.87	0.44	0.72	0.73	0.78	0.75	0.84	-0.06	0.71	0.57	0.82	0.86	0.72	0.52
Cash And Short Term Investments	0.82	-0.09	0.85	0.81	0.81	0.27	-0.84	0.85	0.81	0.43		0.85	0.37	0.38	0.85	0.86	0.82	0.77	0.71	0.36	0.84	0.77	0.74	0.68	0.84	0.57
Common Stock Shares Outstanding	0.99	-0.16	0.89	0.99	0.99	0.32	-0.94	0.94	0.99	0.67	0.85		0.45	0.49	0.98	0.98	0.89	0.93	0.88	0.07	0.95	0.96	0.94	0.88	0.93	0.49
Other Current Assets	0.46	0.4	0.4	0.45	0.45	0.8	-0.54	0.21	0.46	0.87	0.37	0.45		0.48	0.51	0.54	0.68	0.54	0.71	-0.02	0.56	0.29	0.64	0.71	0.6	0.45
Other Stockholder Equity	0.52	-0.22	0.48	0.53	0.52	0.36	-0.5	0.37	0.52	0.44	0.38	0.49	0.48		0.49	0.51	0.5	0.45	0.62	-0.31	0.59	0.43	0.59	0.62	0.59	0.01
Total Liab	0.98	-0.09	0.86	0.98	0.98	0.45	-0.95	0.91	0.98	0.72	0.85	0.98	0.51	0.49		0.98	0.95	0.97	0.91	0.19	0.95	0.93	0.96	0.92	0.92	0.49
Total Current Assets	0.99	-0.1	0.9	0.98	0.98	0.37	-0.93	0.93	0.98	0.73	0.86	0.98	0.54	0.51	0.98		0.91	0.94	0.9	0.11	0.94	0.95	0.97	0.9	0.91	0.45
Short Long Term Debt Total	0.88	0.05	0.77	0.87	0.88	0.69	-0.93	0.75	0.88	0.78	0.82	0.89	0.68	0.5	0.95	0.91		0.95	0.93	0.29	0.93	0.76	0.92	0.94	0.93	0.56
Non Current Liabilities Total	0.93	0.05	0.73	0.92	0.92	0.53	-0.89	0.84	0.93	0.75	0.77	0.93	0.54	0.45	0.97	0.94	0.95		0.87	0.27	0.89	0.87	0.93	0.9	0.87	0.48
Short Term Debt	0.9	-0.17	0.82	0.9	0.9	0.62	-0.93	0.72	0.9	0.84	0.71	0.88	0.71	0.62	0.91	0.9	0.93	0.87		-0.04	0.95	0.78	0.96	0.98	0.95	0.47
Non Currrent Assets Other	0.02	0.44	-0.02	0.01	0.01	0.25	-0.07	0.16	0.01	-0.06	0.36	0.07	-0.02	-0.31	0.19	0.11	0.29	0.27	-0.04		0.01	0.02	0.01	-0.02	0.02	0.31
Common Stock	0.95	-0.23	0.91	0.95	0.95	0.49	-0.99	0.84	0.95	0.71	0.84	0.95	0.56	0.59	0.95	0.94	0.93	0.89	0.95	0.01		0.86	0.94	0.94	0.98	0.51
Accounts Payable	0.97	-0.23	0.87	0.97	0.97	0.1	-0.84	0.98	0.97	0.57	0.77	0.96	0.29	0.43	0.93	0.95	0.76	0.87	0.78	0.02	0.86		0.9	0.78	0.81	0.33
Net Receivables	0.96	-0.1	0.84	0.96	0.96	0.49	-0.92	0.84	0.96	0.82	0.74	0.94	0.64	0.59	0.96	0.97	0.92	0.93	0.96	0.01	0.94	0.9		0.97	0.9	0.38
Inventory	0.9	-0.1	0.79	0.9	0.9	0.65	-0.93	0.72	0.9	0.86	0.68	0.88	0.71	0.62	0.92	0.9	0.94	0.9	0.98	-0.02	0.94	0.78	0.97		0.92	0.42
Net Tangible Assets	0.91	-0.19	0.86	0.91	0.91	0.54	-0.96	0.78	0.91	0.72	0.84	0.93	0.6	0.59	0.92	0.91	0.93	0.87	0.95	0.02	0.98	0.81	0.9	0.92		0.59
Property Plant Equipment	0.42	0.19	0.41	0.41	0.41	0.45	-0.56	0.36	0.42	0.52	0.57	0.49	0.45	0.01	0.49	0.45	0.56	0.48	0.47	0.31	0.51	0.33	0.38	0.42	0.59

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Metalla Royalty Account Relationship Matchups

Metalla Royalty fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	47.1M	50.3M	112.6M	130.9M	276.0M	289.8M
Other Current Liab	241.5K	372.0K	57.5K	63.5K	57.1K	54.3K
Total Current Liabilities	1.3M	1.8M	1.1M	6.5M	7.0M	7.3M
Total Stockholder Equity	43.7M	45.2M	100.6M	118.6M	252.9M	265.5M
Property Plant And Equipment Net	41.6M	45.1M	102.9M	120.7M	257.8M	270.7M
Net Debt	(1.3M)	(69.4K)	8.2M	6.0M	518K	839.3K
Retained Earnings	(28.4M)	(35.0M)	(45.4M)	(56.3M)	(63.4M)	(60.2M)
Cash	3.4M	3.4M	2.3M	4.6M	14.1M	14.8M
Non Current Assets Total	43.2M	46.5M	106.1M	121.3M	258.4M	271.3M
Cash And Short Term Investments	3.4M	3.4M	2.3M	4.6M	5.2M	5.5M
Common Stock Shares Outstanding	25.7M	33.9M	42.6M	44.8M	90.9M	95.4M
Liabilities And Stockholders Equity	47.1M	50.3M	112.6M	130.9M	150.5M	158.0M
Other Current Assets	216.7K	2.4M	739.7K	1.3M	734K	422.0K
Other Stockholder Equity	7.4M	6.9M	11.2M	12.1M	10.8M	11.4M
Total Liab	3.4M	5.1M	12.1M	12.3M	23.1M	24.3M
Total Current Assets	3.8M	10.3M	6.5M	9.6M	17.7M	18.5M
Short Long Term Debt Total	2.1M	3.3M	10.5M	10.6M	12.2M	12.8M
Non Current Liabilities Total	107.3K	3.8M	11.0M	5.8M	16.2M	17.0M
Common Stock	66.5M	98.1M	133.9M	161.7M	186.0M	195.2M
Accounts Payable	937.6K	1.4M	1.0M	1.2M	5.1M	5.3M
Net Receivables	167.3K	1.8M	1.3M	1.5M	2.5M	2.6M
Net Tangible Assets	59.2M	48.1M	74.4M	100.6M	115.6M	121.4M
Net Invested Capital	45.8M	48.5M	111.1M	129.1M	267.5M	280.9M
Long Term Investments	2.2M	2.0M	1.3M	595.0K	450K	427.5K
Accumulated Other Comprehensive Income	5.5M	7.1M	12.1M	13.2M	15.2M	8.7M
Net Working Capital	637.7K	2.4M	5.4M	3.0M	10.7M	11.2M
Other Liab	145.2K	506.3K	511.4K	468.1K	538.3K	402.2K

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