Atlas Free Cash Flow Per Share vs Capex To Depreciation Analysis

SALT Stock   0.61  0.01  1.61%   
Atlas Salt financial indicator trend analysis is way more than just evaluating Atlas Salt prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Atlas Salt is a good investment. Please check the relationship between Atlas Salt Free Cash Flow Per Share and its Capex To Depreciation accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Atlas Salt. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

Free Cash Flow Per Share vs Capex To Depreciation

Free Cash Flow Per Share vs Capex To Depreciation Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Atlas Salt Free Cash Flow Per Share account and Capex To Depreciation. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Atlas Salt's Free Cash Flow Per Share and Capex To Depreciation is -0.55. Overlapping area represents the amount of variation of Free Cash Flow Per Share that can explain the historical movement of Capex To Depreciation in the same time period over historical financial statements of Atlas Salt, assuming nothing else is changed. The correlation between historical values of Atlas Salt's Free Cash Flow Per Share and Capex To Depreciation is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Free Cash Flow Per Share of Atlas Salt are associated (or correlated) with its Capex To Depreciation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capex To Depreciation has no effect on the direction of Free Cash Flow Per Share i.e., Atlas Salt's Free Cash Flow Per Share and Capex To Depreciation go up and down completely randomly.

Correlation Coefficient

-0.55
Relationship DirectionNegative 
Relationship StrengthVery Weak

Free Cash Flow Per Share

The amount of cash a company generates after accounting for capital expenditures, divided by the number of outstanding shares. It represents the cash available for dividends, share buybacks, or debt repayment per share.

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.
Most indicators from Atlas Salt's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Atlas Salt 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 Atlas Salt. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.
At this time, Atlas Salt's Selling General Administrative is fairly stable compared to the past year. Enterprise Value is likely to climb to about 59.1 M in 2024, whereas Issuance Of Capital Stock is likely to drop slightly above 5 M in 2024.
 2021 2022 2023 2024 (projected)
Total Operating Expenses2.2M4.0M5.2M5.4M
Cost Of Revenue1.4K3.4K12.9K13.6K

Atlas Salt fundamental ratios Correlations

-0.220.641.00.97-0.990.960.990.960.70.910.970.721.00.980.980.970.790.731.00.950.83
-0.220.08-0.22-0.180.27-0.24-0.21-0.22-0.12-0.16-0.19-0.09-0.22-0.21-0.21-0.190.03-0.65-0.23-0.24-0.23
0.640.080.630.67-0.590.730.640.580.920.760.650.980.630.660.630.660.70.490.640.510.24
1.0-0.220.630.97-0.990.960.980.960.690.910.960.71.00.980.980.970.780.731.00.950.84
0.97-0.180.670.97-0.930.881.00.860.790.940.990.750.971.01.01.00.870.770.960.850.71
-0.990.27-0.59-0.99-0.93-0.97-0.95-0.98-0.63-0.88-0.92-0.67-0.99-0.95-0.95-0.93-0.74-0.72-0.99-0.98-0.89
0.96-0.240.730.960.88-0.970.910.980.70.860.880.770.960.910.90.890.70.670.970.960.81
0.99-0.210.640.981.0-0.950.910.890.760.940.990.730.981.01.01.00.840.770.980.890.76
0.96-0.220.580.960.86-0.980.980.890.550.80.860.630.960.890.890.860.630.60.961.00.9
0.7-0.120.920.690.79-0.630.70.760.550.850.760.960.690.770.750.790.80.710.690.490.25
0.91-0.160.760.910.94-0.880.860.940.80.850.930.830.910.940.930.940.960.820.90.780.68
0.97-0.190.650.960.99-0.920.880.990.860.760.930.730.960.990.990.990.860.770.960.850.71
0.72-0.090.980.70.75-0.670.770.730.630.960.830.730.70.740.710.750.760.660.710.560.31
1.0-0.220.631.00.97-0.990.960.980.960.690.910.960.70.980.980.970.780.731.00.950.84
0.98-0.210.660.981.0-0.950.911.00.890.770.940.990.740.981.01.00.850.780.980.880.75
0.98-0.210.630.981.0-0.950.91.00.890.750.930.990.710.981.01.00.840.770.980.880.76
0.97-0.190.660.971.0-0.930.891.00.860.790.940.990.750.971.01.00.860.780.960.850.71
0.790.030.70.780.87-0.740.70.840.630.80.960.860.760.780.850.840.860.730.770.610.56
0.73-0.650.490.730.77-0.720.670.770.60.710.820.770.660.730.780.770.780.730.730.60.53
1.0-0.230.641.00.96-0.990.970.980.960.690.90.960.711.00.980.980.960.770.730.960.84
0.95-0.240.510.950.85-0.980.960.891.00.490.780.850.560.950.880.880.850.610.60.960.93
0.83-0.230.240.840.71-0.890.810.760.90.250.680.710.310.840.750.760.710.560.530.840.93
Click cells to compare fundamentals

Atlas Salt Account Relationship Matchups

Atlas Salt fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets2.2M2.1M11.3M16.0M22.4M23.5M
Other Current Liab216.9K73.7K65.6K166.2K149.6K112.3K
Total Current Liabilities124.4K129.4K283.3K1.1M461.0K399.5K
Total Stockholder Equity1.9M1.8M10.8M14.8M21.8M22.9M
Net Tangible Assets1.8M1.9M1.8M14.8M17.0M17.9M
Retained Earnings(1.4M)(1.6M)(3.7M)(6.7M)(11.5M)(10.9M)
Accounts Payable50.8K63.8K111.3K1.1M1.3M1.3M
Cash266.8K280.4K8.8M9.3M12.2M12.8M
Non Current Assets Total1.9M1.7M2.2M6.3M10.0M10.5M
Net Receivables6.4K88.0K236.8K479.3K175.2K158.5K
Total Liab253.9K258.8K424.0K1.2M597.9K512.2K
Net Invested Capital1.9M1.8M10.8M14.8M21.8M22.9M
Total Current Assets277.8K375.1K9.1M9.8M12.4M13.0M
Net Working Capital24.0K116.2K8.8M8.7M12.0M12.5M
Property Plant Equipment2.1M1.9M1.7M4.6M5.3M2.7M

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
Explore Investing Ideas  

Additional Tools for Atlas Stock Analysis

When running Atlas Salt's price analysis, check to measure Atlas Salt's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Atlas Salt is operating at the current time. Most of Atlas Salt's value examination focuses on studying past and present price action to predict the probability of Atlas Salt's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Atlas Salt's price. Additionally, you may evaluate how the addition of Atlas Salt to your portfolios can decrease your overall portfolio volatility.