Solitario Price To Sales Ratio vs Capex To Depreciation Analysis

SLR Stock

CAD 0.87 0.05 6.10%

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

Price To Sales Ratio vs Capex To Depreciation

Price To Sales Ratio vs Capex To Depreciation Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Solitario Exploration Price To Sales Ratio account and Capex To Depreciation. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Solitario Exploration's Price To Sales Ratio and Capex To Depreciation is 0.47. Overlapping area represents the amount of variation of Price To Sales Ratio that can explain the historical movement of Capex To Depreciation in the same time period over historical financial statements of Solitario Exploration Royalty, assuming nothing else is changed. The correlation between historical values of Solitario Exploration's Price To Sales Ratio 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 Price To Sales Ratio of Solitario Exploration Royalty 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 Price To Sales Ratio i.e., Solitario Exploration's Price To Sales Ratio and Capex To Depreciation go up and down completely randomly.

Correlation Coefficient

0.47

Relationship Direction	Positive
Relationship Strength	Weak

View All Relationships

Price To Sales Ratio

Price to Sales Ratio is figured by comparing Solitario Exploration stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Solitario Exploration sales, a figure that is much harder to manipulate than other Solitario Exploration Royalty multiples. Because sales tend to be more stable P/S ratio can be a good tool for screening cyclical companies fluctuating earnings patterns. A valuation ratio that compares a company's stock price to its revenues, calculated by dividing the company's market cap by its total sales or revenue over a 12-month period.

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 Solitario Exploration's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Solitario Exploration 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 Solitario Exploration Royalty. 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.

As of the 27th of November 2024, Enterprise Value is likely to grow to about 46.1 M, while Selling General Administrative is likely to drop 1,587.

	2023	2024 (projected)
Discontinued Operations	11.1M	9.8M
Cost Of Revenue	25K	23.8K

Discontinued Operations Cost Of Revenue

Solitario Exploration fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Other Assets	Common Stock Total Equity	Common Stock	Short Term Investments
Total Assets		-0.25	-0.69	-0.2	0.76	0.61	0.46	0.15	-0.67	0.4	-0.29	0.59	-0.26	0.3	0.74	-0.11	-0.03	0.81	-0.15	0.61	0.33	-0.32	-0.13	0.82	0.77	0.57
Short Long Term Debt Total	-0.25		0.11	0.92	-0.76	-0.08	0.44	0.5	0.16	0.18	-0.11	0.25	0.76	-0.62	-0.54	0.87	0.31	-0.44	0.96	-0.08	-0.54	0.87	0.98	-0.56	-0.57	-0.51
Other Current Liab	-0.69	0.11		0.11	-0.43	-0.2	-0.64	0.06	0.9	-0.33	-0.02	-0.24	-0.08	-0.41	-0.66	-0.07	0.31	-0.79	-0.01	-0.2	-0.42	0.19	-0.09	-0.63	-0.58	-0.39
Total Current Liabilities	-0.2	0.92	0.11		-0.64	-0.04	0.46	0.5	0.15	0.25	-0.15	0.26	0.6	-0.57	-0.47	0.65	0.39	-0.4	0.82	-0.04	-0.51	0.95	0.85	-0.5	-0.49	-0.43
Total Stockholder Equity	0.76	-0.76	-0.43	-0.64		0.42	0.05	-0.22	-0.42	0.08	-0.1	0.2	-0.73	0.59	0.78	-0.71	-0.08	0.77	-0.75	0.42	0.54	-0.7	-0.69	0.86	0.82	0.69
Property Plant And Equipment Net	0.61	-0.08	-0.2	-0.04	0.42		-0.01	0.46	-0.42	0.23	-0.56	0.89	-0.22	-0.38	0.64	-0.01	-0.04	0.56	-0.02	1.0	-0.42	-0.02	-0.05	0.68	0.67	0.13
Current Deferred Revenue	0.46	0.44	-0.64	0.46	0.05	-0.01		0.24	-0.5	0.4	-0.07	0.31	0.24	0.02	0.16	0.36	0.3	0.31	0.43	-0.01	0.11	0.24	0.55	0.13	0.1	0.08
Net Debt	0.15	0.5	0.06	0.5	-0.22	0.46	0.24		-0.09	0.28	-0.92	0.66	0.41	-0.65	-0.06	0.42	0.3	-0.07	0.49	0.46	-0.62	0.45	0.48	-0.05	-0.04	0.16
Retained Earnings	-0.67	0.16	0.9	0.15	-0.42	-0.42	-0.5	-0.09		-0.47	0.17	-0.46	0.02	-0.14	-0.77	-0.03	0.26	-0.81	0.03	-0.42	-0.14	0.22	-0.01	-0.71	-0.73	-0.28
Accounts Payable	0.4	0.18	-0.33	0.25	0.08	0.23	0.4	0.28	-0.47		-0.24	0.45	0.0	-0.14	0.23	0.18	0.37	0.2	0.22	0.23	-0.11	0.08	0.23	0.18	0.24	0.04
Cash	-0.29	-0.11	-0.02	-0.15	-0.1	-0.56	-0.07	-0.92	0.17	-0.24		-0.64	-0.12	0.46	-0.18	-0.08	-0.2	-0.12	-0.11	-0.56	0.46	-0.12	-0.11	-0.21	-0.22	-0.42
Non Current Assets Total	0.59	0.25	-0.24	0.26	0.2	0.89	0.31	0.66	-0.46	0.45	-0.64		-0.03	-0.57	0.43	0.26	0.2	0.39	0.28	0.89	-0.57	0.18	0.28	0.46	0.46	-0.01
Non Currrent Assets Other	-0.26	0.76	-0.08	0.6	-0.73	-0.22	0.24	0.41	0.02	0.0	-0.12	-0.03		-0.31	-0.41	0.87	-0.15	-0.29	0.85	-0.22	-0.23	0.64	0.8	-0.45	-0.47	-0.2
Cash And Short Term Investments	0.3	-0.62	-0.41	-0.57	0.59	-0.38	0.02	-0.65	-0.14	-0.14	0.46	-0.57	-0.31		0.29	-0.52	-0.29	0.4	-0.58	-0.38	0.98	-0.57	-0.53	0.35	0.29	0.61
Common Stock Shares Outstanding	0.74	-0.54	-0.66	-0.47	0.78	0.64	0.16	-0.06	-0.77	0.23	-0.18	0.43	-0.41	0.29		-0.37	-0.26	0.96	-0.44	0.64	0.25	-0.5	-0.42	0.97	0.97	0.46
Non Current Liabilities Total	-0.11	0.87	-0.07	0.65	-0.71	-0.01	0.36	0.42	-0.03	0.18	-0.08	0.26	0.87	-0.52	-0.37		0.02	-0.27	0.97	-0.01	-0.42	0.62	0.91	-0.4	-0.41	-0.45
Other Current Assets	-0.03	0.31	0.31	0.39	-0.08	-0.04	0.3	0.3	0.26	0.37	-0.2	0.2	-0.15	-0.29	-0.26	0.02		-0.27	0.15	-0.04	-0.25	0.2	0.23	-0.25	-0.18	-0.11
Other Stockholder Equity	0.81	-0.44	-0.79	-0.4	0.77	0.56	0.31	-0.07	-0.81	0.2	-0.12	0.39	-0.29	0.4	0.96	-0.27	-0.27		-0.34	0.56	0.37	-0.44	-0.29	0.96	0.94	0.52
Total Liab	-0.15	0.96	-0.01	0.82	-0.75	-0.02	0.43	0.49	0.03	0.22	-0.11	0.28	0.85	-0.58	-0.44	0.97	0.15	-0.34		-0.02	-0.48	0.79	0.97	-0.47	-0.47	-0.48
Property Plant And Equipment Gross	0.61	-0.08	-0.2	-0.04	0.42	1.0	-0.01	0.46	-0.42	0.23	-0.56	0.89	-0.22	-0.38	0.64	-0.01	-0.04	0.56	-0.02		-0.42	-0.02	-0.05	0.68	0.67	0.13
Total Current Assets	0.33	-0.54	-0.42	-0.51	0.54	-0.42	0.11	-0.62	-0.14	-0.11	0.46	-0.57	-0.23	0.98	0.25	-0.42	-0.25	0.37	-0.48	-0.42		-0.54	-0.46	0.31	0.25	0.59
Short Term Debt	-0.32	0.87	0.19	0.95	-0.7	-0.02	0.24	0.45	0.22	0.08	-0.12	0.18	0.64	-0.57	-0.5	0.62	0.2	-0.44	0.79	-0.02	-0.54		0.79	-0.52	-0.52	-0.47
Other Assets	-0.13	0.98	-0.09	0.85	-0.69	-0.05	0.55	0.48	-0.01	0.23	-0.11	0.28	0.8	-0.53	-0.42	0.91	0.23	-0.29	0.97	-0.05	-0.46	0.79		-0.45	-0.46	-0.44
Common Stock Total Equity	0.82	-0.56	-0.63	-0.5	0.86	0.68	0.13	-0.05	-0.71	0.18	-0.21	0.46	-0.45	0.35	0.97	-0.4	-0.25	0.96	-0.47	0.68	0.31	-0.52	-0.45		0.98	0.54
Common Stock	0.77	-0.57	-0.58	-0.49	0.82	0.67	0.1	-0.04	-0.73	0.24	-0.22	0.46	-0.47	0.29	0.97	-0.41	-0.18	0.94	-0.47	0.67	0.25	-0.52	-0.46	0.98		0.5
Short Term Investments	0.57	-0.51	-0.39	-0.43	0.69	0.13	0.08	0.16	-0.28	0.04	-0.42	-0.01	-0.2	0.61	0.46	-0.45	-0.11	0.52	-0.48	0.13	0.59	-0.47	-0.44	0.54	0.5

Click cells to compare fundamentals

Solitario Exploration Account Relationship Matchups

Solitario Exploration fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	24.5M	23.8M	23.6M	22.0M	26.8M	21.2M
Total Current Liabilities	269K	174K	276K	263K	632K	600.4K
Total Stockholder Equity	24.1M	23.5M	23.2M	21.6M	26.0M	16.9M
Property Plant And Equipment Net	15.8M	15.7M	16.5M	16.8M	16.8M	8.4M
Net Debt	(526K)	(588K)	(390K)	(281K)	(111K)	(116.6K)
Retained Earnings	(46.7M)	(47.6M)	(50.0M)	(53.9M)	(57.6M)	(54.8M)
Accounts Payable	688K	228K	157K	239K	593K	622.7K
Cash	574K	605K	462K	316K	200K	190K
Non Current Assets Total	15.8M	15.8M	16.5M	16.8M	16.8M	13.8M
Cash And Short Term Investments	8.4M	8.0M	6.9M	5.2M	9.7M	7.1M
Common Stock Shares Outstanding	58.1M	58.1M	58.7M	64.3M	68.7M	38.7M
Liabilities And Stockholders Equity	24.5M	23.8M	23.6M	22.0M	26.8M	21.2M
Other Current Assets	46K	26K	303K	38K	273K	155.0K
Other Stockholder Equity	70.2M	70.5M	72.5M	74.9M	82.8M	46.4M
Total Liab	401K	299K	436K	388K	807K	766.7K
Property Plant And Equipment Gross	15.8M	15.7M	16.5M	16.8M	16.8M	8.4M
Total Current Assets	8.8M	8.0M	7.2M	5.3M	9.9M	7.4M
Short Term Debt	41K	17K	37K	35K	39K	37.1K
Short Term Investments	7.9M	7.4M	6.4M	4.9M	9.5M	5.7M
Net Tangible Assets	24.1M	23.5M	23.2M	21.6M	24.9M	23.5M
Property Plant Equipment	15.8M	15.7M	16.5M	16.8M	19.3M	11.8M
Capital Surpluse	70.2M	70.5M	72.5M	74.9M	86.1M	74.0M
Cash And Equivalents	574K	605K	462K	316K	363.4K	378.2K
Net Invested Capital	24.1M	23.5M	23.2M	21.6M	26.0M	20.1M
Net Working Capital	8.5M	7.9M	6.9M	5.0M	9.3M	7.3M

Pair Trading with Solitario Exploration

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Solitario Exploration position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Solitario Exploration will appreciate offsetting losses from the drop in the long position's value.

Moving together with Solitario Stock

0.67

INFM

Infinico Metals Corp

Pair Corr

Moving against Solitario Stock

0.76	RY	Royal Bank Earnings Call This Week	Pair Corr
0.75	BOFA	Bank of America	Pair Corr
0.69	RY-PS	Royal Bank Earnings Call This Week	Pair Corr
0.67	RY-PM	Royal Bank Earnings Call This Week	Pair Corr
0.66	RY-PJ	Royal Bank Earnings Call This Week	Pair Corr

The ability to find closely correlated positions to Solitario Exploration could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Solitario Exploration when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Solitario Exploration - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Solitario Exploration Royalty to buy it.

The correlation of Solitario Exploration is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Solitario Exploration moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Solitario Exploration moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Solitario Exploration can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

When determining whether Solitario Exploration is a strong investment it is important to analyze Solitario Exploration's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Solitario Exploration's future performance. For an informed investment choice regarding Solitario Stock, refer to the following important reports:

How To Invest In Solitario

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Is Solitario Stock a good investment?

Details

What is Solitario Exploration's Net Worth?

Details

Largest Diversified Metals & Mining Companies

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Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Solitario Exploration Royalty. 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.

You can also try the Portfolio Manager module to state of the art Portfolio Manager to monitor and improve performance of your invested capital.

Please note, there is a significant difference between Solitario Exploration's value and its price as these two are different measures arrived at by different means. Investors typically determine if Solitario Exploration is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Solitario Exploration's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Solitario Price To Sales Ratio vs Capex To Depreciation Analysis

Price To Sales Ratio vs Capex To Depreciation

Price To Sales Ratio vs Capex To Depreciation Correlation Analysis

Correlation Coefficient

Price To Sales Ratio

Capex To Depreciation

Solitario Exploration fundamental ratios Correlations

Solitario Exploration Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Solitario Exploration fundamental ratios Accounts

Pair Trading with Solitario Exploration

Moving together with Solitario Stock

Moving against Solitario Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Property Plant And Equipment Gross	+ 1.0	Property Plant And Equipment Net
Other Assets	+ 0.98	Short Long Term Debt Total
Total Current Assets	+ 0.98	Cash And Short Term Investments
Common Stock	+ 0.98	Common Stock Total Equity
Common Stock Total Equity	+ 0.97	Common Stock Shares Outstanding
Common Stock	+ 0.97	Common Stock Shares Outstanding

Cash	- 0.92	Net Debt
Other Stockholder Equity	- 0.81	Retained Earnings
Other Stockholder Equity	- 0.79	Other Current Liab
Common Stock Shares Outstanding	- 0.77	Retained Earnings
Total Stockholder Equity	- 0.76	Short Long Term Debt Total
Total Liab	- 0.75	Total Stockholder Equity