Spruce Property Plant Equipment vs Operating Income Analysis

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Spruce Ridge financial indicator trend analysis is much more than just breaking down Spruce Ridge Resources prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Spruce Ridge Resources is a good investment. Please check the relationship between Spruce Ridge Property Plant Equipment and its Operating Income accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Spruce Ridge 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.

Property Plant Equipment vs Operating Income

Property Plant Equipment vs Operating Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Spruce Ridge Resources Property Plant Equipment account and Operating Income. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Spruce Ridge's Property Plant Equipment and Operating Income is 0.55. Overlapping area represents the amount of variation of Property Plant Equipment that can explain the historical movement of Operating Income in the same time period over historical financial statements of Spruce Ridge Resources, assuming nothing else is changed. The correlation between historical values of Spruce Ridge's Property Plant Equipment and Operating Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Property Plant Equipment of Spruce Ridge Resources are associated (or correlated) with its Operating Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Operating Income has no effect on the direction of Property Plant Equipment i.e., Spruce Ridge's Property Plant Equipment and Operating Income go up and down completely randomly.

Correlation Coefficient

0.55

Relationship Direction	Positive
Relationship Strength	Weak

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Property Plant Equipment

Operating Income

Operating Income is the amount of profit realized from Spruce Ridge Resources operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Spruce Ridge Resources is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.

Most indicators from Spruce Ridge's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Spruce Ridge 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 Spruce Ridge 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, Spruce Ridge's Selling General Administrative is fairly stable compared to the past year. Tax Provision is expected to grow at the current pace this year, whereas Issuance Of Capital Stock is likely to drop slightly above 737.8 K in 2024.

Spruce Ridge fundamental ratios Correlations

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Other Current Liab	Short Term Investments	Non Current Liabilities Total	Common Stock	Short Long Term Debt Total	Short Term Debt	Net Tangible Assets	Short Long Term Debt	Property Plant Equipment	Other Assets
Total Assets		-0.17	1.0	0.29	-0.89	0.93	-0.2	0.88	0.95	0.87	0.39	0.68	0.72	0.6	0.67	0.92	-0.51	0.86	0.79	0.69	-0.43	-0.44	0.99	-0.7	-0.36	0.36
Total Current Liabilities	-0.17		-0.19	-0.12	0.1	-0.43	0.69	-0.05	-0.04	-0.35	0.0	-0.16	0.03	0.29	0.42	-0.32	0.7	-0.38	-0.04	-0.23	0.74	0.69	-0.17	0.02	0.51	0.01
Total Stockholder Equity	1.0	-0.19		0.27	-0.88	0.93	-0.21	0.88	0.95	0.87	0.41	0.68	0.72	0.58	0.66	0.92	-0.52	0.87	0.79	0.7	-0.44	-0.45	0.99	-0.71	-0.36	0.37
Property Plant And Equipment Net	0.29	-0.12	0.27		0.03	0.21	-0.06	-0.04	0.21	0.58	-0.21	0.7	-0.15	0.6	-0.12	0.37	-0.24	0.43	-0.13	0.43	-0.14	-0.21	0.15	-0.42	-0.5	-0.14
Net Debt	-0.89	0.1	-0.88	0.03		-0.85	0.23	-0.99	-0.93	-0.59	-0.27	-0.33	-0.89	-0.39	-0.84	-0.69	0.37	-0.6	-0.96	-0.44	0.31	0.27	-0.91	0.39	0.12	-0.32
Retained Earnings	0.93	-0.43	0.93	0.21	-0.85		-0.36	0.83	0.85	0.84	0.4	0.61	0.63	0.32	0.5	0.9	-0.62	0.86	0.75	0.68	-0.54	-0.54	0.92	-0.58	-0.47	0.43
Accounts Payable	-0.2	0.69	-0.21	-0.06	0.23	-0.36		-0.23	-0.14	-0.28	0.23	-0.12	-0.13	0.08	0.1	-0.25	0.44	-0.28	-0.23	-0.19	0.18	0.11	-0.2	-0.16	0.44	0.11
Cash	0.88	-0.05	0.88	-0.04	-0.99	0.83	-0.23		0.94	0.58	0.26	0.34	0.89	0.41	0.87	0.68	-0.4	0.59	0.97	0.44	-0.23	-0.24	0.91	-0.4	-0.08	0.32
Non Current Assets Total	0.95	-0.04	0.95	0.21	-0.93	0.85	-0.14	0.94		0.7	0.32	0.48	0.85	0.55	0.82	0.76	-0.43	0.68	0.9	0.5	-0.33	-0.34	0.95	-0.56	-0.13	0.3
Cash And Short Term Investments	0.87	-0.35	0.87	0.58	-0.59	0.84	-0.28	0.58	0.7		0.29	0.92	0.34	0.64	0.29	0.97	-0.56	0.98	0.43	0.85	-0.47	-0.5	0.81	-0.78	-0.7	0.27
Net Receivables	0.39	0.0	0.41	-0.21	-0.27	0.4	0.23	0.26	0.32	0.29		0.29	0.05	0.05	0.12	0.44	-0.05	0.39	0.13	0.4	-0.35	-0.32	0.45	-0.48	-0.04	0.89
Common Stock Shares Outstanding	0.68	-0.16	0.68	0.7	-0.33	0.61	-0.12	0.34	0.48	0.92	0.29		0.07	0.71	0.13	0.85	-0.41	0.88	0.16	0.87	-0.3	-0.38	0.6	-0.83	-0.66	0.31
Other Current Assets	0.72	0.03	0.72	-0.15	-0.89	0.63	-0.13	0.89	0.85	0.34	0.05	0.07		0.28	0.88	0.45	-0.31	0.35	0.96	0.14	-0.23	-0.21	0.76	-0.28	0.2	0.0
Other Stockholder Equity	0.6	0.29	0.58	0.6	-0.39	0.32	0.08	0.41	0.55	0.64	0.05	0.71	0.28		0.47	0.58	-0.08	0.55	0.29	0.49	0.03	-0.02	0.51	-0.59	-0.27	0.05
Total Liab	0.67	0.42	0.66	-0.12	-0.84	0.5	0.1	0.87	0.82	0.29	0.12	0.13	0.88	0.47		0.39	-0.03	0.27	0.89	0.17	0.14	0.12	0.7	-0.27	0.25	0.16
Total Current Assets	0.92	-0.32	0.92	0.37	-0.69	0.9	-0.25	0.68	0.76	0.97	0.44	0.85	0.45	0.58	0.39		-0.55	0.99	0.54	0.85	-0.49	-0.51	0.9	-0.79	-0.61	0.39
Other Current Liab	-0.51	0.7	-0.52	-0.24	0.37	-0.62	0.44	-0.4	-0.43	-0.56	-0.05	-0.41	-0.31	-0.08	-0.03	-0.55		-0.56	-0.37	-0.38	0.65	0.81	-0.49	0.39	0.33	-0.05
Short Term Investments	0.86	-0.38	0.87	0.43	-0.6	0.86	-0.28	0.59	0.68	0.98	0.39	0.88	0.35	0.55	0.27	0.99	-0.56		0.45	0.86	-0.51	-0.53	0.83	-0.79	-0.69	0.33
Non Current Liabilities Total	0.79	-0.04	0.79	-0.13	-0.96	0.75	-0.23	0.97	0.9	0.43	0.13	0.16	0.96	0.29	0.89	0.54	-0.37	0.45		0.27	-0.2	-0.19	0.83	-0.27	0.05	0.17
Common Stock	0.69	-0.23	0.7	0.43	-0.44	0.68	-0.19	0.44	0.5	0.85	0.4	0.87	0.14	0.49	0.17	0.85	-0.38	0.86	0.27		-0.33	-0.35	0.69	-0.73	-0.75	0.43
Short Long Term Debt Total	-0.43	0.74	-0.44	-0.14	0.31	-0.54	0.18	-0.23	-0.33	-0.47	-0.35	-0.3	-0.23	0.03	0.14	-0.49	0.65	-0.51	-0.2	-0.33		0.94	-0.43	0.41	0.27	-0.21
Short Term Debt	-0.44	0.69	-0.45	-0.21	0.27	-0.54	0.11	-0.24	-0.34	-0.5	-0.32	-0.38	-0.21	-0.02	0.12	-0.51	0.81	-0.53	-0.19	-0.35	0.94		-0.43	0.5	0.23	-0.2
Net Tangible Assets	0.99	-0.17	0.99	0.15	-0.91	0.92	-0.2	0.91	0.95	0.81	0.45	0.6	0.76	0.51	0.7	0.9	-0.49	0.83	0.83	0.69	-0.43	-0.43		-0.68	-0.32	0.4
Short Long Term Debt	-0.7	0.02	-0.71	-0.42	0.39	-0.58	-0.16	-0.4	-0.56	-0.78	-0.48	-0.83	-0.28	-0.59	-0.27	-0.79	0.39	-0.79	-0.27	-0.73	0.41	0.5	-0.68		0.29	-0.32
Property Plant Equipment	-0.36	0.51	-0.36	-0.5	0.12	-0.47	0.44	-0.08	-0.13	-0.7	-0.04	-0.66	0.2	-0.27	0.25	-0.61	0.33	-0.69	0.05	-0.75	0.27	0.23	-0.32	0.29		-0.11
Other Assets	0.36	0.01	0.37	-0.14	-0.32	0.43	0.11	0.32	0.3	0.27	0.89	0.31	0.0	0.05	0.16	0.39	-0.05	0.33	0.17	0.43	-0.21	-0.2	0.4	-0.32	-0.11

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Spruce Ridge Account Relationship Matchups

Spruce Ridge fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	11.8M	34.1M	16.8M	10.6M	14.4M	15.1M
Total Current Liabilities	386.6K	380.5K	379.4K	159.2K	241.9K	299.5K
Total Stockholder Equity	11.5M	32.2M	16.2M	10.4M	13.1M	13.8M
Property Plant And Equipment Net	1.4M	1.3M	1.1M	792.3K	6.2M	6.5M
Net Debt	45.0	(2.1M)	(653.7K)	(153.8K)	(138.4K)	(145.3K)
Retained Earnings	(4.2M)	17.5M	6.8M	988.3K	1.3M	1.4M
Accounts Payable	213.5K	56.6K	152.3K	35.6K	82.4K	101.3K
Cash	0.0	2.2M	713.7K	213.8K	172.3K	187.1K
Non Current Assets Total	6.5M	22.6M	8.4M	1.1M	6.9M	7.2M
Cash And Short Term Investments	4.7M	10.9M	7.4M	9.3M	10.7M	11.2M
Net Receivables	592.9K	158.3K	976.6K	140.7K	1.9K	1.8K
Common Stock Shares Outstanding	98.1M	135.8M	174.5M	180.2M	217.7M	228.6M
Liabilities And Stockholders Equity	11.8M	34.1M	16.8M	10.6M	12.2M	12.8M
Other Current Assets	85.2K	423.8K	17.7K	14.5K	16.7K	15.9K
Other Stockholder Equity	3.3M	3.3M	4.1M	3.3M	3.8M	4.5M
Total Liab	386.6K	1.9M	612.2K	159.2K	241.9K	386.5K
Total Current Assets	5.4M	11.5M	8.4M	9.5M	7.6M	7.9M
Other Current Liab	173.1K	(1K)	167.1K	63.5K	73.0K	69.4K
Short Term Investments	4.7M	8.8M	6.7M	9.1M	7.3M	7.6M
Accumulated Other Comprehensive Income	1.2M	1.6M	(4.2M)	(11.3M)	(10.2M)	(9.7M)
Common Stock	9.7M	10.7M	14.8M	17.4M	20.0M	12.1M
Short Long Term Debt Total	290.9K	74.9K	45.0	60K	54K	81.1K
Short Term Debt	290.9K	74.9K	45.0	60K	54K	51.3K
Net Tangible Assets	11.5M	32.2M	16.2M	10.4M	12.0M	8.4M
Short Long Term Debt	290.9K	74.9K	45.0	60K	54K	51.3K
Property Plant Equipment	1.4M	1.3M	1.1M	792.3K	713.0K	1.0M
Net Invested Capital	11.5M	33.8M	16.3M	10.5M	13.1M	12.2M
Net Working Capital	5.0M	11.2M	8.1M	9.3M	7.3M	5.4M

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