Sonoro Total Stockholder Equity vs Net Working Capital 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 Total Stockholder Equity and its Net Working Capital 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.

Total Stockholder Equity vs Net Working Capital

Total Stockholder Equity vs Net Working Capital Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Sonoro Gold Corp Total Stockholder Equity account and Net Working Capital. At this time, the significance of the direction appears to have strong relationship.

The correlation between Sonoro Gold's Total Stockholder Equity and Net Working Capital is 0.6. Overlapping area represents the amount of variation of Total Stockholder Equity that can explain the historical movement of Net Working Capital 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 Total Stockholder Equity and Net Working 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 Total Stockholder Equity of Sonoro Gold Corp are associated (or correlated) with its Net Working Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Working Capital has no effect on the direction of Total Stockholder Equity i.e., Sonoro Gold's Total Stockholder Equity and Net Working Capital go up and down completely randomly.

Correlation Coefficient

0.6

Relationship Direction	Positive
Relationship Strength	Significant

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Total Stockholder Equity

The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.

Net Working Capital

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

Click cells to compare fundamentals

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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