Sonoro Cash vs Other Current Assets Analysis

SGO Stock

CAD 0.09 0.01 10.00%

Sonoro Gold financial indicator trend analysis is much more than just breaking down Sonoro Gold Corp prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Sonoro Gold Corp is a good investment. Please check the relationship between Sonoro Gold Cash and its Other Current Assets accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Sonoro Gold Corp. 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.

Cash vs Other Current Assets

Cash vs Other Current Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Sonoro Gold Corp Cash account and Other Current Assets. At this time, the significance of the direction appears to have weak relationship.

The correlation between Sonoro Gold's Cash and Other Current Assets is 0.3. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Other Current Assets in the same time period over historical financial statements of Sonoro Gold Corp, assuming nothing else is changed. The correlation between historical values of Sonoro Gold's Cash and Other Current Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash of Sonoro Gold Corp are associated (or correlated) with its Other Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Assets has no effect on the direction of Cash i.e., Sonoro Gold's Cash and Other Current Assets go up and down completely randomly.

Correlation Coefficient

0.3

Relationship Direction	Positive
Relationship Strength	Very Weak

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Cash

Cash refers to the most liquid asset of Sonoro Gold Corp, which is listed under current asset account on Sonoro Gold Corp balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Sonoro Gold customers. The amounts must be unrestricted with restricted cash listed in a different Sonoro Gold account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.

Other Current Assets

Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.

Most indicators from Sonoro Gold's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Sonoro Gold Corp 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 Sonoro Gold Corp. 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.

Selling General Administrative is likely to drop to about 1.8 M in 2024. Issuance Of Capital Stock is likely to drop to about 1.3 M in 2024

Sonoro Gold fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Tangible Assets	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Net Receivables	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Common Stock	Property Plant Equipment	Common Stock Shares Outstanding	Net Invested Capital	Net Working Capital	Other Assets	Capital Stock	Property Plant And Equipment Net	Short Long Term Debt	Property Plant And Equipment Gross	Net Debt
Total Assets		-0.81	0.33	0.53	0.9	-0.77	0.28	0.42	0.92	-0.52	-0.32	0.88	0.33	-0.15	0.86	0.86	0.85	0.89	-0.35	0.86	0.87	0.78	0.37	0.63	0.38
Other Current Liab	-0.81		-0.54	-0.19	-0.79	0.83	-0.69	-0.21	-0.87	0.59	0.45	-0.83	-0.54	0.49	-0.86	-0.88	-0.84	-0.57	0.59	-0.82	-0.84	-0.76	-0.5	-0.67	-0.46
Total Current Liabilities	0.33	-0.54		-0.62	0.67	-0.81	0.61	-0.42	0.55	-0.41	-0.9	0.69	1.0	-0.87	0.73	0.74	0.65	0.01	-0.98	0.72	0.65	0.76	0.99	0.87	0.9
Total Stockholder Equity	0.53	-0.19	-0.62		0.16	0.09	-0.35	0.72	0.25	-0.06	0.5	0.12	-0.62	0.66	0.06	0.05	0.09	0.74	0.6	0.07	0.12	-0.06	-0.57	-0.28	-0.51
Net Tangible Assets	0.9	-0.79	0.67	0.16		-0.94	0.4	0.09	0.91	-0.58	-0.64	0.99	0.67	-0.47	0.97	0.97	0.91	0.72	-0.66	0.98	0.94	0.92	0.71	0.85	0.64
Retained Earnings	-0.77	0.83	-0.81	0.09	-0.94		-0.64	0.1	-0.91	0.53	0.69	-0.97	-0.81	0.73	-0.98	-0.98	-0.95	-0.49	0.84	-0.98	-0.96	-0.97	-0.81	-0.95	-0.73
Accounts Payable	0.28	-0.69	0.61	-0.35	0.4	-0.64		-0.2	0.57	-0.35	-0.29	0.48	0.61	-0.75	0.55	0.58	0.63	-0.11	-0.71	0.51	0.6	0.62	0.48	0.66	0.39
Cash	0.42	-0.21	-0.42	0.72	0.09	0.1	-0.2		0.17	0.29	0.3	0.07	-0.41	0.52	0.03	0.05	0.02	0.44	0.38	0.0	0.03	-0.12	-0.39	-0.29	-0.31
Non Current Assets Total	0.92	-0.87	0.55	0.25	0.91	-0.91	0.57	0.17		-0.52	-0.4	0.94	0.55	-0.48	0.94	0.94	0.98	0.68	-0.6	0.93	0.98	0.93	0.55	0.83	0.56
Net Receivables	-0.52	0.59	-0.41	-0.06	-0.58	0.53	-0.35	0.29	-0.52		0.38	-0.52	-0.41	0.2	-0.55	-0.54	-0.52	-0.53	0.34	-0.55	-0.54	-0.53	-0.43	-0.51	-0.38
Other Current Assets	-0.32	0.45	-0.9	0.5	-0.64	0.69	-0.29	0.3	-0.4	0.38		-0.65	-0.9	0.69	-0.67	-0.67	-0.47	-0.15	0.83	-0.67	-0.49	-0.58	-0.93	-0.67	-0.82
Other Stockholder Equity	0.88	-0.83	0.69	0.12	0.99	-0.97	0.48	0.07	0.94	-0.52	-0.65		0.69	-0.57	1.0	0.99	0.94	0.67	-0.71	1.0	0.96	0.94	0.72	0.87	0.65
Total Liab	0.33	-0.54	1.0	-0.62	0.67	-0.81	0.61	-0.41	0.55	-0.41	-0.9	0.69		-0.87	0.73	0.74	0.65	0.02	-0.98	0.73	0.65	0.76	0.99	0.87	0.9
Total Current Assets	-0.15	0.49	-0.87	0.66	-0.47	0.73	-0.75	0.52	-0.48	0.2	0.69	-0.57	-0.87		-0.62	-0.62	-0.6	0.21	0.94	-0.6	-0.57	-0.68	-0.81	-0.78	-0.7
Common Stock	0.86	-0.86	0.73	0.06	0.97	-0.98	0.55	0.03	0.94	-0.55	-0.67	1.0	0.73	-0.62		1.0	0.94	0.62	-0.75	1.0	0.96	0.94	0.74	0.89	0.67
Property Plant Equipment	0.86	-0.88	0.74	0.05	0.97	-0.98	0.58	0.05	0.94	-0.54	-0.67	0.99	0.74	-0.62	1.0		0.94	0.61	-0.76	0.99	0.96	0.94	0.75	0.89	0.67
Common Stock Shares Outstanding	0.85	-0.84	0.65	0.09	0.91	-0.95	0.63	0.02	0.98	-0.52	-0.47	0.94	0.65	-0.6	0.94	0.94		0.57	-0.7	0.94	1.0	0.98	0.65	0.91	0.64
Net Invested Capital	0.89	-0.57	0.01	0.74	0.72	-0.49	-0.11	0.44	0.68	-0.53	-0.15	0.67	0.02	0.21	0.62	0.61	0.57		0.02	0.64	0.62	0.49	0.11	0.31	0.12
Net Working Capital	-0.35	0.59	-0.98	0.6	-0.66	0.84	-0.71	0.38	-0.6	0.34	0.83	-0.71	-0.98	0.94	-0.75	-0.76	-0.7	0.02		-0.74	-0.69	-0.79	-0.94	-0.89	-0.86
Other Assets	0.86	-0.82	0.72	0.07	0.98	-0.98	0.51	0.0	0.93	-0.55	-0.67	1.0	0.73	-0.6	1.0	0.99	0.94	0.64	-0.74		0.96	0.95	0.75	0.9	0.67
Capital Stock	0.87	-0.84	0.65	0.12	0.94	-0.96	0.6	0.03	0.98	-0.54	-0.49	0.96	0.65	-0.57	0.96	0.96	1.0	0.62	-0.69	0.96		0.98	0.65	0.9	0.62
Property Plant And Equipment Net	0.78	-0.76	0.76	-0.06	0.92	-0.97	0.62	-0.12	0.93	-0.53	-0.58	0.94	0.76	-0.68	0.94	0.94	0.98	0.49	-0.79	0.95	0.98		0.76	0.97	0.73
Short Long Term Debt	0.37	-0.5	0.99	-0.57	0.71	-0.81	0.48	-0.39	0.55	-0.43	-0.93	0.72	0.99	-0.81	0.74	0.75	0.65	0.11	-0.94	0.75	0.65	0.76		0.86	0.94
Property Plant And Equipment Gross	0.63	-0.67	0.87	-0.28	0.85	-0.95	0.66	-0.29	0.83	-0.51	-0.67	0.87	0.87	-0.78	0.89	0.89	0.91	0.31	-0.89	0.9	0.9	0.97	0.86		0.81
Net Debt	0.38	-0.46	0.9	-0.51	0.64	-0.73	0.39	-0.31	0.56	-0.38	-0.82	0.65	0.9	-0.7	0.67	0.67	0.64	0.12	-0.86	0.67	0.62	0.73	0.94	0.81

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Sonoro Gold Account Relationship Matchups

Sonoro Gold fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	2.8M	5.7M	6.6M	4.8M	5.1M	4.5M
Other Current Liab	725.3K	22.7K	22.0K	47.7K	42.9K	40.7K
Total Current Liabilities	1.7M	227.9K	495.8K	2.6M	5.3M	5.6M
Total Stockholder Equity	1.1M	5.4M	6.0M	2.2M	(187.2K)	(177.8K)
Net Tangible Assets	885.4K	1.1M	5.4M	6.0M	6.9M	7.3M
Retained Earnings	(7.2M)	(12.8M)	(18.7M)	(25.6M)	(29.4M)	(28.0M)
Accounts Payable	1.2M	103.4K	247.8K	1.3M	914.8K	585.6K
Cash	1.1M	2.3M	1.8M	87.5K	877.0	833.15
Non Current Assets Total	1.7M	3.3M	4.6M	4.3M	5.0M	3.0M
Other Stockholder Equity	201.1K	140.5K	1.4M	1.9M	2.2M	2.3M
Total Liab	1.7M	227.9K	530.1K	2.6M	5.3M	5.6M
Total Current Assets	1.1M	2.4M	1.9M	567.9K	159.4K	151.5K
Common Stock	6.1M	8.1M	16.8M	22.8M	26.3M	27.6M
Property Plant Equipment	872.0K	1.4M	2.3M	3.2M	3.7M	3.9M
Common Stock Shares Outstanding	42.5M	85.1M	119.3M	143.5M	166.1M	96.2M
Net Invested Capital	1.4M	5.5M	6.2M	3.3M	3.2M	3.6M
Net Working Capital	(577.4K)	2.2M	1.4M	(2.0M)	(5.2M)	(4.9M)
Capital Stock	8.1M	16.8M	22.8M	26.3M	28.5M	19.9M

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