Sky Capex To Depreciation vs Income Quality Analysis

SKYG Stock

CAD 0.03 0.01 14.29%

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

Capex To Depreciation vs Income Quality

Capex To Depreciation vs Income Quality Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Sky Gold Corp Capex To Depreciation account and Income Quality. At this time, the significance of the direction appears to have weak relationship.

The correlation between Sky Gold's Capex To Depreciation and Income Quality is 0.32. Overlapping area represents the amount of variation of Capex To Depreciation that can explain the historical movement of Income Quality in the same time period over historical financial statements of Sky Gold Corp, assuming nothing else is changed. The correlation between historical values of Sky Gold's Capex To Depreciation and Income Quality is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Capex To Depreciation of Sky Gold Corp are associated (or correlated) with its Income Quality. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Income Quality has no effect on the direction of Capex To Depreciation i.e., Sky Gold's Capex To Depreciation and Income Quality go up and down completely randomly.

Correlation Coefficient

0.32

Relationship Direction	Positive
Relationship Strength	Very Weak

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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.

Income Quality

An assessment of the sustainability of a company's earnings over time, considering factors like revenue source diversification and cost structure.

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

At this time, Sky Gold's Selling General Administrative is fairly stable compared to the past year. Issuance Of Capital Stock is likely to climb to about 1.1 M in 2024, whereas Enterprise Value Over EBITDA is likely to drop (3.70) in 2024.

Sky Gold fundamental ratios Correlations

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Net Debt	Retained Earnings	Accounts Payable	Cash	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Other Stockholder Equity	Total Liab	Total Current Assets	Non Current Assets Total	Non Currrent Assets Other	Property Plant And Equipment Net	Short Long Term Debt Total	Other Current Liab	Short Term Debt	Net Tangible Assets	Common Stock	Property Plant Equipment	Short Long Term Debt	Other Assets	Net Invested Capital	Net Working Capital
Total Assets		-0.23	0.99	-0.61	-0.24	0.14	0.62	0.62	0.22	0.18	-0.2	-0.22	0.6	0.98	0.02	0.96	-0.14	-0.35	-0.14	0.41	0.43	0.31	-0.09	0.3	0.91	0.33
Total Current Liabilities	-0.23		-0.36	0.32	0.55	0.11	-0.25	-0.25	-0.16	-0.48	0.55	1.0	-0.26	-0.14	-0.43	-0.15	0.25	0.7	0.25	-0.52	-0.59	-0.5	0.23	-0.53	-0.16	-0.08
Total Stockholder Equity	0.99	-0.36		-0.62	-0.31	0.13	0.62	0.62	0.23	0.24	-0.27	-0.34	0.6	0.96	0.08	0.94	-0.16	-0.43	-0.16	0.47	0.49	0.36	-0.11	0.35	0.9	0.33
Net Debt	-0.61	0.32	-0.62		0.14	0.25	-0.97	-0.97	-0.48	-0.05	0.23	0.28	-0.95	-0.48	0.21	-0.47	0.35	0.2	0.35	-0.26	-0.28	-0.1	0.32	-0.48	-0.6	-0.9
Retained Earnings	-0.24	0.55	-0.31	0.14		0.11	-0.07	-0.07	0.03	-0.91	0.12	0.55	-0.03	-0.24	-0.81	-0.18	0.48	0.71	0.48	-0.9	-0.93	-0.9	0.45	-0.63	-0.09	0.19
Accounts Payable	0.14	0.11	0.13	0.25	0.11		-0.18	-0.18	0.16	-0.19	0.03	0.1	-0.08	0.17	-0.13	0.23	0.6	-0.31	0.6	-0.1	-0.17	-0.04	0.8	-0.33	0.12	-0.28
Cash	0.62	-0.25	0.62	-0.97	-0.07	-0.18		1.0	0.43	-0.05	-0.13	-0.22	0.96	0.48	-0.32	0.48	-0.16	-0.24	-0.16	0.18	0.2	0.02	-0.22	0.4	0.62	0.9
Cash And Short Term Investments	0.62	-0.25	0.62	-0.97	-0.07	-0.18	1.0		0.43	-0.05	-0.13	-0.22	0.96	0.48	-0.32	0.48	-0.16	-0.24	-0.16	0.18	0.2	0.02	-0.22	0.4	0.62	0.9
Net Receivables	0.22	-0.16	0.23	-0.48	0.03	0.16	0.43	0.43		-0.15	-0.22	-0.09	0.64	0.1	-0.14	0.08	0.02	-0.18	0.02	0.0	-0.02	-0.11	0.12	0.5	0.02	0.5
Common Stock Shares Outstanding	0.18	-0.48	0.24	-0.05	-0.91	-0.19	-0.05	-0.05	-0.15		-0.09	-0.5	-0.11	0.2	0.94	0.13	-0.53	-0.48	-0.53	0.94	0.87	0.97	-0.52	0.49	0.04	-0.27
Other Stockholder Equity	-0.2	0.55	-0.27	0.23	0.12	0.03	-0.13	-0.13	-0.22	-0.09		0.54	-0.2	-0.17	-0.11	-0.1	0.15	0.14	0.15	-0.23	-0.24	-0.14	-0.21	-0.28	-0.16	-0.02
Total Liab	-0.22	1.0	-0.34	0.28	0.55	0.1	-0.22	-0.22	-0.09	-0.5	0.54		-0.2	-0.14	-0.45	-0.14	0.23	0.69	0.23	-0.53	-0.59	-0.51	0.21	-0.46	-0.15	-0.03
Total Current Assets	0.6	-0.26	0.6	-0.95	-0.03	-0.08	0.96	0.96	0.64	-0.11	-0.2	-0.2		0.45	-0.34	0.44	-0.1	-0.26	-0.1	0.14	0.15	-0.03	-0.11	0.47	0.54	0.89
Non Current Assets Total	0.98	-0.14	0.96	-0.48	-0.24	0.17	0.48	0.48	0.1	0.2	-0.17	-0.14	0.45		0.07	0.98	-0.14	-0.29	-0.14	0.41	0.42	0.33	-0.07	0.22	0.91	0.2
Non Currrent Assets Other	0.02	-0.43	0.08	0.21	-0.81	-0.13	-0.32	-0.32	-0.14	0.94	-0.11	-0.45	-0.34	0.07		0.0	-0.46	-0.38	-0.46	0.84	0.75	0.9	-0.44	0.44	-0.11	-0.47
Property Plant And Equipment Net	0.96	-0.15	0.94	-0.47	-0.18	0.23	0.48	0.48	0.08	0.13	-0.1	-0.14	0.44	0.98	0.0		-0.13	-0.29	-0.13	0.33	0.35	0.26	-0.06	0.17	0.93	0.22
Short Long Term Debt Total	-0.14	0.25	-0.16	0.35	0.48	0.6	-0.16	-0.16	0.02	-0.53	0.15	0.23	-0.1	-0.14	-0.46	-0.13		-0.06	1.0	-0.47	-0.52	-0.46	0.8	-0.56	-0.13	-0.18
Other Current Liab	-0.35	0.7	-0.43	0.2	0.71	-0.31	-0.24	-0.24	-0.18	-0.48	0.14	0.69	-0.26	-0.29	-0.38	-0.29	-0.06		-0.06	-0.57	-0.63	-0.56	0.0	-0.51	-0.22	0.05
Short Term Debt	-0.14	0.25	-0.16	0.35	0.48	0.6	-0.16	-0.16	0.02	-0.53	0.15	0.23	-0.1	-0.14	-0.46	-0.13	1.0	-0.06		-0.47	-0.52	-0.46	0.8	-0.56	-0.13	-0.18
Net Tangible Assets	0.41	-0.52	0.47	-0.26	-0.9	-0.1	0.18	0.18	0.0	0.94	-0.23	-0.53	0.14	0.41	0.84	0.33	-0.47	-0.57	-0.47		0.91	0.98	-0.42	0.59	0.27	-0.1
Common Stock	0.43	-0.59	0.49	-0.28	-0.93	-0.17	0.2	0.2	-0.02	0.87	-0.24	-0.59	0.15	0.42	0.75	0.35	-0.52	-0.63	-0.52	0.91		0.88	-0.47	0.64	0.29	-0.08
Property Plant Equipment	0.31	-0.5	0.36	-0.1	-0.9	-0.04	0.02	0.02	-0.11	0.97	-0.14	-0.51	-0.03	0.33	0.9	0.26	-0.46	-0.56	-0.46	0.98	0.88		-0.41	0.5	0.18	-0.25
Short Long Term Debt	-0.09	0.23	-0.11	0.32	0.45	0.8	-0.22	-0.22	0.12	-0.52	-0.21	0.21	-0.11	-0.07	-0.44	-0.06	0.8	0.0	0.8	-0.42	-0.47	-0.41		-0.55	-0.1	-0.25
Other Assets	0.3	-0.53	0.35	-0.48	-0.63	-0.33	0.4	0.4	0.5	0.49	-0.28	-0.46	0.47	0.22	0.44	0.17	-0.56	-0.51	-0.56	0.59	0.64	0.5	-0.55		0.18	0.32
Net Invested Capital	0.91	-0.16	0.9	-0.6	-0.09	0.12	0.62	0.62	0.02	0.04	-0.16	-0.15	0.54	0.91	-0.11	0.93	-0.13	-0.22	-0.13	0.27	0.29	0.18	-0.1	0.18		0.42
Net Working Capital	0.33	-0.08	0.33	-0.9	0.19	-0.28	0.9	0.9	0.5	-0.27	-0.02	-0.03	0.89	0.2	-0.47	0.22	-0.18	0.05	-0.18	-0.1	-0.08	-0.25	-0.25	0.32	0.42

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Sky Gold Account Relationship Matchups

Sky Gold fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.5M	5.7M	5.4M	579.1K	666.0K	632.7K
Total Current Liabilities	55.8K	70.5K	148.4K	99.8K	89.8K	85.3K
Total Stockholder Equity	1.5M	5.7M	5.2M	479.3K	551.2K	523.7K
Net Debt	(140.0K)	(1.0M)	(1.7K)	1.9K	1.8K	1.8K
Retained Earnings	(13.6M)	(14.9M)	(15.7M)	(21.8M)	(19.7M)	(18.7M)
Accounts Payable	8.4K	40.5K	70.3K	40.8K	36.7K	46.6K
Cash	140.0K	1.0M	1.7K	3.1K	3.5K	3.3K
Cash And Short Term Investments	140.0K	1.0M	1.7K	3.1K	3.5K	3.3K
Net Receivables	3.1K	40.7K	6.3K	25.2K	29.0K	41.6K
Common Stock Shares Outstanding	7.8M	20.1M	25.6M	30.9M	35.5M	37.3M
Liabilities And Stockholders Equity	1.5M	5.7M	5.4M	579.1K	666.0K	632.7K
Other Stockholder Equity	1.7M	1.9M	2.4M	2.7M	3.1M	2.6M
Total Liab	55.8K	70.5K	148.4K	99.8K	89.8K	85.3K
Total Current Assets	178.1K	1.1M	13.3K	36.7K	42.2K	40.1K
Accumulated Other Comprehensive Income	1.9M	2.4M	2.7M	2.8M	3.3M	1.7M
Non Current Assets Total	1.4M	4.7M	5.3M	542.4K	623.8K	592.6K
Non Currrent Assets Other	8.2K	20.1K	12K	149.6K	172K	180.6K
Property Plant And Equipment Net	1.3M	4.6M	5.3M	392.9K	451.8K	429.2K
Other Current Liab	47.5K	30K	78.1K	54K	48.6K	46.2K
Net Tangible Assets	2.6M	1.5M	5.7M	5.2M	6.0M	6.3M
Common Stock	13.1M	18.1M	18.3M	19.5M	22.4M	13.0M
Property Plant Equipment	1.8M	1.3M	4.6M	5.3M	6.2M	6.5M
Net Invested Capital	1.5M	5.7M	5.2M	484.3K	557.0K	529.1K
Net Working Capital	122.3K	1.0M	(135.1K)	(63.1K)	(56.8K)	(53.9K)
Other Current Assets	35K	25K	5.3K	8.4K	7.6K	7.2K
Capital Stock	13.1M	18.1M	18.3M	19.5M	22.4M	17.8M

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