Sable Change To Netincome vs Free Cash Flow Analysis
SAE Stock | CAD 0.04 0.01 16.67% |
Sable Resources financial indicator trend analysis is much more than just breaking down Sable Resources prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Sable Resources is a good investment. Please check the relationship between Sable Resources Change To Netincome and its Free Cash Flow accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Sable 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.
Change To Netincome vs Free Cash Flow
Change To Netincome vs Free Cash Flow Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Sable Resources Change To Netincome account and Free Cash Flow. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Sable Resources' Change To Netincome and Free Cash Flow is -0.13. Overlapping area represents the amount of variation of Change To Netincome that can explain the historical movement of Free Cash Flow in the same time period over historical financial statements of Sable Resources, assuming nothing else is changed. The correlation between historical values of Sable Resources' Change To Netincome and Free 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 Change To Netincome of Sable Resources are associated (or correlated) with its Free Cash Flow. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow has no effect on the direction of Change To Netincome i.e., Sable Resources' Change To Netincome and Free Cash Flow go up and down completely randomly.
Correlation Coefficient | -0.13 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Change To Netincome
Free Cash Flow
The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.Most indicators from Sable Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Sable 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Sable 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, Sable Resources' Selling General Administrative is fairly stable compared to the past year. Enterprise Value is likely to climb to about 13.1 M in 2024, whereas Discontinued Operations is likely to drop (17.6 K) in 2024.
Sable Resources fundamental ratios Correlations
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Sable Resources Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Sable Resources fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 10.3M | 24.7M | 28.5M | 22.8M | 14.1M | 14.8M | |
Total Current Liabilities | 727.6K | 1.5M | 1.2M | 1.0M | 14.2M | 14.9M | |
Total Stockholder Equity | 8.6M | 23.1M | 25.4M | 13.6M | (177.3K) | (168.4K) | |
Property Plant And Equipment Net | 5.3M | 4.0M | 4.6M | 5.5M | 1.9M | 1.6M | |
Net Debt | (4.6M) | (16.9M) | (22.6M) | (17.1M) | (11.9M) | (11.3M) | |
Retained Earnings | (31.1M) | (21.5M) | (31.6M) | (43.5M) | (59.6M) | (56.7M) | |
Accounts Payable | 433.1K | 269.2K | 553.5K | 353.4K | 220.5K | 331.7K | |
Cash | 4.8M | 17.1M | 22.8M | 17.2M | 12.0M | 12.6M | |
Non Current Assets Total | 5.3M | 4.0M | 4.6M | 5.5M | 1.9M | 1.7M | |
Non Currrent Assets Other | (136.3K) | 143.8K | 5.3M | (1.0) | (1.15) | (1.09) | |
Cash And Short Term Investments | 4.8M | 20.4M | 23.8M | 17.2M | 12.0M | 12.6M | |
Net Receivables | 66.1K | 183.4K | 30.4K | 22.0K | 15.5K | 14.7K | |
Common Stock Shares Outstanding | 149.1M | 244.5M | 256.1M | 281.5M | 286.5M | 300.8M | |
Liabilities And Stockholders Equity | 10.3M | 24.7M | 28.5M | 22.8M | 14.1M | 14.8M | |
Non Current Liabilities Total | 991.1K | 117.6K | 1.9M | 8.2M | 26.8K | 25.5K | |
Other Stockholder Equity | 3.4M | 4.2M | 4.8M | 4.9M | 5.1M | 5.7M | |
Total Liab | 1.7M | 1.6M | 3.1M | 9.2M | 14.3M | 15.0M | |
Total Current Assets | 5.0M | 20.7M | 23.9M | 17.3M | 12.2M | 12.8M | |
Net Tangible Assets | 7.1M | 8.6M | 23.1M | 13.6M | 15.6M | 16.4M | |
Common Stock | 36.6M | 40.5M | 53.1M | 55.1M | 55.1M | 36.4M | |
Property Plant Equipment | 5.5M | 5.3M | 4.0M | 5.5M | 6.3M | 6.6M | |
Other Current Assets | 152.4K | 41.1K | 77.0K | 125.8K | 130.2K | 88.4K | |
Net Invested Capital | 8.6M | 23.1M | 25.4M | 13.6M | (177.3K) | (168.4K) | |
Net Working Capital | 4.3M | 19.2M | 22.7M | 16.3M | (2.1M) | (2.0M) | |
Capital Stock | 36.6M | 40.5M | 53.1M | 55.1M | 55.1M | 50.2M |
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