Nevada Capex To Depreciation vs Ev To Operating Cash Flow Analysis

NKG Stock

CAD 0.29 0.01 3.33%

Nevada King financial indicator trend analysis is infinitely more than just investigating Nevada King Gold recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Nevada King Gold is a good investment. Please check the relationship between Nevada King Capex To Depreciation and its Ev To Operating Cash Flow accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nevada King Gold. 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.

Capex To Depreciation vs Ev To Operating Cash Flow

Capex To Depreciation vs Ev To Operating Cash Flow Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Nevada King Gold Capex To Depreciation account and Ev To Operating Cash Flow. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Nevada King's Capex To Depreciation and Ev To Operating Cash Flow is -0.31. Overlapping area represents the amount of variation of Capex To Depreciation that can explain the historical movement of Ev To Operating Cash Flow in the same time period over historical financial statements of Nevada King Gold, assuming nothing else is changed. The correlation between historical values of Nevada King's Capex To Depreciation and Ev To Operating Cash Flow is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Capex To Depreciation of Nevada King Gold are associated (or correlated) with its Ev To Operating Cash Flow. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Ev To Operating Cash Flow has no effect on the direction of Capex To Depreciation i.e., Nevada King's Capex To Depreciation and Ev To Operating Cash Flow go up and down completely randomly.

Correlation Coefficient

-0.31

Relationship Direction	Negative
Relationship Strength	Insignificant

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Capex To Depreciation

The ratio of a company's capital expenditures to its depreciation expenses, indicating how much the company is investing in physical assets relative to the aging of existing assets.

Ev To Operating Cash Flow

A valuation metric comparing the company's enterprise value to its operating cash flow, indicating how many dollars of EV are generated for each dollar of operating cash flows.

Most indicators from Nevada King's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Nevada King Gold 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 Nevada King Gold. 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, Nevada King's Sales General And Administrative To Revenue is fairly stable compared to the past year. Enterprise Value is likely to climb to about 124.8 M in 2024, whereas Selling General Administrative is likely to drop slightly above 4.4 M in 2024.

	2021	2022	2023	2024 (projected)
Interest Income	14.4K	423.1K	405.4K	425.7K
Net Interest Income	14.4K	423.1K	405.4K	425.7K

Interest Income Net Interest Income

Nevada King fundamental ratios Correlations

	Other Current Liab	Total Current Liabilities	Net Tangible Assets	Retained Earnings	Accounts Payable	Common Stock	Property Plant Equipment	Total Assets	Total Stockholder Equity	Cash	Common Stock Shares Outstanding	Total Liab	Net Invested Capital	Total Current Assets	Net Working Capital	Net Receivables	Other Stockholder Equity	Capital Stock	Property Plant And Equipment Net	Non Currrent Assets Other	Other Assets	Other Current Assets	Deferred Long Term Liab	Property Plant And Equipment Gross
Other Current Liab		0.36	0.61	-0.57	0.55	0.63	0.57	0.64	0.63	0.52	0.72	0.61	0.63	0.63	0.57	0.42	0.26	0.59	0.48	0.63	0.66	-0.21	-0.21	0.49
Total Current Liabilities	0.36		0.38	-0.52	0.57	0.4	0.42	0.12	0.11	0.25	0.41	0.68	0.11	-0.05	-0.11	0.18	-0.3	0.48	0.18	0.22	0.32	-0.21	-0.21	0.24
Net Tangible Assets	0.61	0.38		-0.92	0.87	0.99	0.99	0.86	0.85	0.81	0.94	0.75	0.85	0.64	0.58	0.47	0.03	0.94	0.84	0.87	0.93	-0.67	-0.67	0.88
Retained Earnings	-0.57	-0.52	-0.92		-0.98	-0.93	-0.92	-0.6	-0.6	-0.57	-0.88	-0.81	-0.6	-0.43	-0.36	-0.47	0.05	-0.89	-0.58	-0.76	-0.8	0.78	0.78	-0.67
Accounts Payable	0.55	0.57	0.87	-0.98		0.89	0.88	0.53	0.52	0.51	0.84	0.86	0.52	0.38	0.31	0.44	-0.1	0.83	0.52	0.69	0.73	-0.77	-0.77	0.6
Common Stock	0.63	0.4	0.99	-0.93	0.89		0.99	0.84	0.84	0.81	0.94	0.76	0.84	0.59	0.53	0.4	-0.04	0.94	0.83	0.82	0.89	-0.69	-0.69	0.88
Property Plant Equipment	0.57	0.42	0.99	-0.92	0.88	0.99		0.83	0.83	0.83	0.93	0.75	0.83	0.53	0.48	0.36	-0.1	0.95	0.85	0.8	0.89	-0.68	-0.68	0.9
Total Assets	0.64	0.12	0.86	-0.6	0.53	0.84	0.83		1.0	0.94	0.84	0.55	1.0	0.78	0.75	0.38	0.16	0.81	0.94	0.82	0.89	-0.3	-0.3	0.94
Total Stockholder Equity	0.63	0.11	0.85	-0.6	0.52	0.84	0.83	1.0		0.94	0.84	0.54	1.0	0.78	0.75	0.38	0.17	0.8	0.94	0.81	0.89	-0.3	-0.3	0.93
Cash	0.52	0.25	0.81	-0.57	0.51	0.81	0.83	0.94	0.94		0.81	0.58	0.94	0.55	0.51	0.13	-0.15	0.82	0.98	0.63	0.79	-0.24	-0.24	0.97
Common Stock Shares Outstanding	0.72	0.41	0.94	-0.88	0.84	0.94	0.93	0.84	0.84	0.81		0.83	0.84	0.59	0.52	0.43	0.01	0.97	0.79	0.82	0.93	-0.48	-0.48	0.83
Total Liab	0.61	0.68	0.75	-0.81	0.86	0.76	0.75	0.55	0.54	0.58	0.83		0.54	0.41	0.33	0.45	-0.07	0.8	0.49	0.62	0.72	-0.34	-0.34	0.54
Net Invested Capital	0.63	0.11	0.85	-0.6	0.52	0.84	0.83	1.0	1.0	0.94	0.84	0.54		0.78	0.75	0.38	0.17	0.8	0.94	0.81	0.89	-0.3	-0.3	0.93
Total Current Assets	0.63	-0.05	0.64	-0.43	0.38	0.59	0.53	0.78	0.78	0.55	0.59	0.41	0.78		1.0	0.78	0.71	0.48	0.56	0.88	0.77	-0.21	-0.21	0.55
Net Working Capital	0.57	-0.11	0.58	-0.36	0.31	0.53	0.48	0.75	0.75	0.51	0.52	0.33	0.75	1.0		0.77	0.75	0.41	0.53	0.85	0.73	-0.18	-0.18	0.51
Net Receivables	0.42	0.18	0.47	-0.47	0.44	0.4	0.36	0.38	0.38	0.13	0.43	0.45	0.38	0.78	0.77		0.81	0.36	0.12	0.81	0.64	-0.26	-0.26	0.16
Other Stockholder Equity	0.26	-0.3	0.03	0.05	-0.1	-0.04	-0.1	0.16	0.17	-0.15	0.01	-0.07	0.17	0.71	0.75	0.81		-0.11	-0.14	0.51	0.28	0.09	0.09	-0.15
Capital Stock	0.59	0.48	0.94	-0.89	0.83	0.94	0.95	0.81	0.8	0.82	0.97	0.8	0.8	0.48	0.41	0.36	-0.11		0.81	0.77	0.91	-0.51	-0.51	0.85
Property Plant And Equipment Net	0.48	0.18	0.84	-0.58	0.52	0.83	0.85	0.94	0.94	0.98	0.79	0.49	0.94	0.56	0.53	0.12	-0.14	0.81		0.65	0.79	-0.35	-0.35	0.99
Non Currrent Assets Other	0.63	0.22	0.87	-0.76	0.69	0.82	0.8	0.82	0.81	0.63	0.82	0.62	0.81	0.88	0.85	0.81	0.51	0.77	0.65		0.95	-0.48	-0.48	0.68
Other Assets	0.66	0.32	0.93	-0.8	0.73	0.89	0.89	0.89	0.89	0.79	0.93	0.72	0.89	0.77	0.73	0.64	0.28	0.91	0.79	0.95		-0.43	-0.43	0.82
Other Current Assets	-0.21	-0.21	-0.67	0.78	-0.77	-0.69	-0.68	-0.3	-0.3	-0.24	-0.48	-0.34	-0.3	-0.21	-0.18	-0.26	0.09	-0.51	-0.35	-0.48	-0.43		1.0	-0.44
Deferred Long Term Liab	-0.21	-0.21	-0.67	0.78	-0.77	-0.69	-0.68	-0.3	-0.3	-0.24	-0.48	-0.34	-0.3	-0.21	-0.18	-0.26	0.09	-0.51	-0.35	-0.48	-0.43	1.0		-0.44
Property Plant And Equipment Gross	0.49	0.24	0.88	-0.67	0.6	0.88	0.9	0.94	0.93	0.97	0.83	0.54	0.93	0.55	0.51	0.16	-0.15	0.85	0.99	0.68	0.82	-0.44	-0.44

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Nevada King Account Relationship Matchups

Nevada King fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Current Liabilities	124.9K	156.4K	255.6K	1.3M	755.3K	625.2K
Net Tangible Assets	7.4M	9.3M	28.4M	74.5M	85.7M	89.9M
Retained Earnings	(30.6M)	(32.6M)	(42.4M)	(100.1M)	(127.1M)	(120.7M)
Accounts Payable	124.9K	156.4K	249.8K	1.3M	1.5M	1.5M
Common Stock	33.3M	37.4M	40.9M	114.8M	132.1M	138.7M
Property Plant Equipment	3.1M	7.6M	8.1M	59.9M	68.8M	72.3M
Total Assets	9.4M	28.6M	74.7M	37.7M	36.2M	30.7M
Total Stockholder Equity	9.3M	28.4M	74.5M	36.4M	35.5M	30.2M
Cash	1.7M	987.7K	13.2M	7.9M	5.4M	5.0M
Non Current Assets Total	7.6M	9.4M	61.5M	29.5M	30.6M	22.3M
Common Stock Shares Outstanding	91.1M	99.1M	243.6M	278.6M	343.5M	182.1M
Total Liab	124.9K	156.4K	255.6K	1.3M	755.3K	491.4K
Net Invested Capital	9.3M	28.4M	74.5M	36.4M	35.5M	30.2M
Total Current Assets	1.7M	19.2M	13.2M	8.2M	5.6M	8.3M
Net Working Capital	1.6M	19.0M	13.0M	6.9M	4.9M	7.9M
Net Receivables	12.0K	70.4K	16.2K	44.7K	35.7K	36.2K
Capital Stock	37.4M	40.9M	114.8M	130.5M	156.4M	94.1M

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