| PML Stock | | | CAD 0.40 0.01 2.56% |
Panoro Minerals financial indicator trend analysis is much more than just breaking down Panoro Minerals prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Panoro Minerals is a good investment. Please check the relationship between Panoro Minerals Net Debt and its Net Invested Capital accounts. Check out
Your Equity Center to better understand how to build diversified portfolios, which includes a position in Panoro Minerals. 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 Debt vs Net Invested Capital
Net Debt vs Net Invested Capital Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Panoro Minerals Net Debt account and
Net Invested Capital. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Panoro Minerals' Net Debt and Net Invested Capital is -0.18. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Net Invested Capital in the same time period over historical financial statements of Panoro Minerals, assuming nothing else is changed. The correlation between historical values of Panoro Minerals' Net Debt and Net Invested Capital 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 Debt of Panoro Minerals are associated (or correlated) with its Net Invested Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Invested Capital has no effect on the direction of Net Debt i.e., Panoro Minerals' Net Debt and Net Invested Capital go up and down completely randomly.
Correlation Coefficient | -0.18 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
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.
Net Invested Capital
The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.
Most indicators from Panoro Minerals' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Panoro Minerals 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 Panoro Minerals. 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.
Enterprise Value is likely to climb to about 27.2
M in 2024, whereas
Selling General Administrative is likely to drop slightly above 2
M in 2024.
Panoro Minerals fundamental ratios Correlations
Click cells to compare fundamentals
Panoro Minerals Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Panoro Minerals fundamental ratios Accounts
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