PJX Net Invested Capital vs Capital Lease Obligations Analysis

PJX Stock

CAD 0.1 0.01 13.64%

PJX Resources financial indicator trend analysis is much more than just breaking down PJX Resources prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether PJX Resources is a good investment. Please check the relationship between PJX Resources Net Invested Capital and its Capital Lease Obligations accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in PJX Resources. 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 Invested Capital vs Capital Lease Obligations

Net Invested Capital vs Capital Lease Obligations Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of PJX Resources Net Invested Capital account and Capital Lease Obligations. At this time, the significance of the direction appears to have pay attention.

The correlation between PJX Resources' Net Invested Capital and Capital Lease Obligations is -0.72. Overlapping area represents the amount of variation of Net Invested Capital that can explain the historical movement of Capital Lease Obligations in the same time period over historical financial statements of PJX Resources, assuming nothing else is changed. The correlation between historical values of PJX Resources' Net Invested Capital and Capital Lease Obligations 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 Invested Capital of PJX Resources are associated (or correlated) with its Capital Lease Obligations. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capital Lease Obligations has no effect on the direction of Net Invested Capital i.e., PJX Resources' Net Invested Capital and Capital Lease Obligations go up and down completely randomly.

Correlation Coefficient

-0.72

Relationship Direction	Negative
Relationship Strength	Weak

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Net Invested Capital

The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.

Capital Lease Obligations

PJX Resources capital lease obligations are the amount due for long-term lease agreements that are nearly equivalent to PJX Resources asset purchases. For example, PJX Resources can use a capital lease to finance the purchase of an asset without ever buying it. A capital lease gives companies such as PJX Resources control over an asset for a big portion of its life. The total obligations of a company under capital leases, which are lease agreements that transfer substantially all risks and rewards of ownership to the lessee.

Most indicators from PJX Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into PJX Resources 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in PJX Resources. 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, PJX Resources' Selling General Administrative is fairly stable compared to the past year. Tax Provision is expected to grow at the current pace this year, whereas Issuance Of Capital Stock is likely to drop slightly above 1.6 M in 2024.

	2023	2024 (projected)
Interest Income	522.0	495.9
Reconciled Depreciation	24.9K	17.8K

Interest Income Reconciled Depreciation

PJX Resources fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Tangible Assets	Retained Earnings	Accounts Payable	Cash	Other Assets	Net Receivables	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Common Stock	Property Plant Equipment	Non Current Assets Total	Non Currrent Assets Other	Common Stock Shares Outstanding	Net Invested Capital	Net Working Capital	Other Liab	Capital Stock	Property Plant And Equipment Net	Capital Lease Obligations	Property Plant And Equipment Gross
Total Assets		0.47	0.77	1.0	0.86	-0.66	0.6	0.99	0.71	0.06	0.34	0.81	0.77	1.0	0.74	0.37	0.58	0.59	0.63	0.76	0.76	-0.29	0.58	0.54	-0.49	0.57
Other Current Liab	0.47		0.52	0.44	0.45	-0.51	0.21	0.44	0.49	0.39	0.73	0.61	0.52	0.46	0.54	-0.04	0.08	0.32	0.32	0.35	0.36	-0.16	0.22	0.07	-0.22	0.23
Total Current Liabilities	0.77	0.52		0.7	0.56	-0.47	0.71	0.79	0.64	0.34	0.36	0.79	0.99	0.77	0.52	-0.07	0.3	0.46	0.39	0.47	0.48	-0.23	0.22	-0.02	-0.17	0.12
Total Stockholder Equity	1.0	0.44	0.7		0.87	-0.65	0.57	0.98	0.69	0.01	0.31	0.78	0.71	0.99	0.73	0.42	0.59	0.58	0.63	0.77	0.77	-0.29	0.6	0.6	-0.52	0.62
Net Tangible Assets	0.86	0.45	0.56	0.87		-0.8	0.48	0.82	0.69	-0.15	0.32	0.74	0.57	0.85	0.77	0.7	0.68	0.64	0.79	0.77	0.76	-0.6	0.81	0.67	-0.82	0.81
Retained Earnings	-0.66	-0.51	-0.47	-0.65	-0.8		-0.26	-0.58	-0.92	-0.08	-0.68	-0.83	-0.53	-0.62	-0.95	-0.6	-0.85	-0.91	-0.94	-0.78	-0.77	0.5	-0.86	-0.56	0.82	-0.76
Accounts Payable	0.6	0.21	0.71	0.57	0.48	-0.26		0.63	0.4	0.2	-0.05	0.59	0.68	0.61	0.28	-0.09	0.11	0.17	0.15	0.03	0.03	-0.14	0.09	-0.16	-0.1	-0.01
Cash	0.99	0.44	0.79	0.98	0.82	-0.58	0.63		0.65	0.05	0.27	0.77	0.79	1.0	0.66	0.31	0.5	0.52	0.56	0.72	0.72	-0.29	0.51	0.47	-0.43	0.51
Other Assets	0.71	0.49	0.64	0.69	0.69	-0.92	0.4	0.65		0.23	0.67	0.94	0.71	0.68	0.95	0.35	0.81	0.94	0.86	0.74	0.73	-0.25	0.71	0.4	-0.61	0.59
Net Receivables	0.06	0.39	0.34	0.01	-0.15	-0.08	0.2	0.05	0.23		0.37	0.36	0.36	0.04	0.11	-0.42	-0.03	0.13	-0.11	-0.17	-0.17	0.22	-0.28	-0.33	0.37	-0.38
Other Current Assets	0.34	0.73	0.36	0.31	0.32	-0.68	-0.05	0.27	0.67	0.37		0.65	0.41	0.31	0.66	0.03	0.39	0.57	0.5	0.53	0.53	-0.16	0.36	0.26	-0.29	0.29
Other Stockholder Equity	0.81	0.61	0.79	0.78	0.74	-0.83	0.59	0.77	0.94	0.36	0.65		0.83	0.79	0.87	0.24	0.66	0.79	0.72	0.66	0.65	-0.25	0.57	0.33	-0.49	0.48
Total Liab	0.77	0.52	0.99	0.71	0.57	-0.53	0.68	0.79	0.71	0.36	0.41	0.83		0.77	0.58	-0.04	0.38	0.53	0.45	0.52	0.52	-0.23	0.27	0.02	-0.21	0.16
Total Current Assets	1.0	0.46	0.77	0.99	0.85	-0.62	0.61	1.0	0.68	0.04	0.31	0.79	0.77		0.71	0.35	0.55	0.56	0.6	0.74	0.75	-0.29	0.55	0.52	-0.47	0.56
Common Stock	0.74	0.54	0.52	0.73	0.77	-0.95	0.28	0.66	0.95	0.11	0.66	0.87	0.58	0.71		0.5	0.83	0.94	0.92	0.81	0.8	-0.28	0.82	0.56	-0.72	0.75
Property Plant Equipment	0.37	-0.04	-0.07	0.42	0.7	-0.6	-0.09	0.31	0.35	-0.42	0.03	0.24	-0.04	0.35	0.5		0.67	0.53	0.75	0.63	0.62	-0.68	0.89	0.77	-0.91	0.91
Non Current Assets Total	0.58	0.08	0.3	0.59	0.68	-0.85	0.11	0.5	0.81	-0.03	0.39	0.66	0.38	0.55	0.83	0.67		0.9	0.89	0.8	0.78	-0.34	0.82	0.72	-0.73	0.75
Non Currrent Assets Other	0.59	0.32	0.46	0.58	0.64	-0.91	0.17	0.52	0.94	0.13	0.57	0.79	0.53	0.56	0.94	0.53	0.9		0.94	0.78	0.77	-0.29	0.82	0.49	-0.7	0.71
Common Stock Shares Outstanding	0.63	0.32	0.39	0.63	0.79	-0.94	0.15	0.56	0.86	-0.11	0.5	0.72	0.45	0.6	0.92	0.75	0.89	0.94		0.86	0.85	-0.54	0.96	0.63	-0.9	0.88
Net Invested Capital	0.76	0.35	0.47	0.77	0.77	-0.78	0.03	0.72	0.74	-0.17	0.53	0.66	0.52	0.74	0.81	0.63	0.8	0.78	0.86		1.0	-0.44	0.81	0.77	-0.72	0.81
Net Working Capital	0.76	0.36	0.48	0.77	0.76	-0.77	0.03	0.72	0.73	-0.17	0.53	0.65	0.52	0.75	0.8	0.62	0.78	0.77	0.85	1.0		-0.44	0.8	0.76	-0.71	0.8
Other Liab	-0.29	-0.16	-0.23	-0.29	-0.6	0.5	-0.14	-0.29	-0.25	0.22	-0.16	-0.25	-0.23	-0.29	-0.28	-0.68	-0.34	-0.29	-0.54	-0.44	-0.44		-0.63	-0.3	0.73	-0.53
Capital Stock	0.58	0.22	0.22	0.6	0.81	-0.86	0.09	0.51	0.71	-0.28	0.36	0.57	0.27	0.55	0.82	0.89	0.82	0.82	0.96	0.81	0.8	-0.63		0.72	-0.97	0.96
Property Plant And Equipment Net	0.54	0.07	-0.02	0.6	0.67	-0.56	-0.16	0.47	0.4	-0.33	0.26	0.33	0.02	0.52	0.56	0.77	0.72	0.49	0.63	0.77	0.76	-0.3	0.72		-0.67	0.83
Capital Lease Obligations	-0.49	-0.22	-0.17	-0.52	-0.82	0.82	-0.1	-0.43	-0.61	0.37	-0.29	-0.49	-0.21	-0.47	-0.72	-0.91	-0.73	-0.7	-0.9	-0.72	-0.71	0.73	-0.97	-0.67		-0.93
Property Plant And Equipment Gross	0.57	0.23	0.12	0.62	0.81	-0.76	-0.01	0.51	0.59	-0.38	0.29	0.48	0.16	0.56	0.75	0.91	0.75	0.71	0.88	0.81	0.8	-0.53	0.96	0.83	-0.93

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PJX Resources Account Relationship Matchups

PJX Resources fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.6M	1.3M	3.1M	1.5M	3.0M	1.9M
Other Current Liab	196.7K	48.8K	77.9K	201.5K	231.7K	144.4K
Total Current Liabilities	289.0K	223.4K	152.8K	93.6K	322.4K	220.6K
Total Stockholder Equity	1.2M	1.1M	2.9M	1.4M	2.6M	1.7M
Net Tangible Assets	2.0M	1.2M	1.1M	2.9M	3.3M	3.5M
Retained Earnings	(16.1M)	(17.7M)	(18.6M)	(20.1M)	(21.3M)	(20.2M)
Accounts Payable	83.9K	113.3K	62.2K	80.4K	92.4K	93.9K
Cash	1.3M	1.1M	2.6M	963.4K	2.7M	1.6M
Other Assets	162.1K	175.0K	189.2K	170.7K	196.3K	135.4K
Net Receivables	19.6K	58.6K	17.8K	9.1K	10.5K	10.0K
Other Current Assets	39.2K	30.4K	34.4K	26.9K	31.0K	28.2K
Other Stockholder Equity	2.0M	2.1M	1.8M	1.8M	2.1M	1.6M
Total Liab	335.9K	261.7K	182.0K	118.1K	346.9K	239.4K
Total Current Assets	1.4M	1.1M	2.8M	1.3M	2.8M	1.7M
Common Stock	10.3M	11.2M	11.9M	13.9M	16.0M	9.4M
Property Plant Equipment	3.9K	33.1K	23.4K	86.6K	99.6K	104.5K
Non Current Assets Total	208.1K	212.6K	257.3K	220.8K	211.6K	211.6K
Non Current Liabilities Total	24.5K	46.9K	38.3K	29.2K	28.2K	25.8K
Common Stock Shares Outstanding	98.7M	108.1M	117.6M	133.2M	160.1M	129.9M
Net Invested Capital	1.2M	1.1M	2.9M	1.4M	2.6M	1.9M
Net Working Capital	1.1M	886.2K	2.7M	1.2M	2.4M	1.7M

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