SolGold Non Current Assets Total vs Total Current Liabilities Analysis

SOLG Stock

CAD 0.12 0.01 7.69%

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

Non Current Assets Total vs Total Current Liabilities

Non Current Assets Total vs Total Current Liabilities Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of SolGold PLC Non Current Assets Total account and Total Current Liabilities. At this time, the significance of the direction appears to have very strong relationship.

The correlation between SolGold PLC's Non Current Assets Total and Total Current Liabilities is 0.85. Overlapping area represents the amount of variation of Non Current Assets Total that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of SolGold PLC, assuming nothing else is changed. The correlation between historical values of SolGold PLC's Non Current Assets Total and Total Current Liabilities is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Current Assets Total of SolGold PLC are associated (or correlated) with its Total Current Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Liabilities has no effect on the direction of Non Current Assets Total i.e., SolGold PLC's Non Current Assets Total and Total Current Liabilities go up and down completely randomly.

Correlation Coefficient

0.85

Relationship Direction	Positive
Relationship Strength	Strong

View All Relationships

Non Current Assets Total

The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.

Total Current Liabilities

Total Current Liabilities is an item on SolGold PLC balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of SolGold PLC are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.

Most indicators from SolGold PLC's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into SolGold PLC 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 SolGold PLC. 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, SolGold PLC's Selling General Administrative is very stable compared to the past year. As of the 25th of February 2025, Enterprise Value is likely to grow to about 491.6 M, though Tax Provision is likely to grow to (2.2 M).

	2022	2024	2025 (projected)
Interest Expense	13.2M	21.1M	22.1M
Depreciation And Amortization	298.1K	342.8K	359.9K

Interest Expense Depreciation And Amortization

SolGold PLC fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Common Stock Total Equity	Common Stock Shares Outstanding	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Intangible Assets	Common Stock	Good Will	Short Long Term Debt Total	Current Deferred Revenue	Short Term Debt
Total Assets		0.89	0.83	0.95	0.99	0.73	-0.91	0.59	0.3	0.99	0.3	-0.1	0.3	0.94	0.96	0.7	0.99	0.9	0.98	0.35	-0.5	0.97	0.17	0.9	0.95	0.35
Other Current Liab	0.89		0.7	0.89	0.86	0.54	-0.81	0.71	0.4	0.85	0.12	-0.02	0.4	0.85	0.84	0.79	0.89	0.74	0.85	0.45	-0.34	0.87	0.22	0.74	0.85	0.3
Total Current Liabilities	0.83	0.7		0.76	0.85	0.69	-0.86	0.68	0.07	0.85	0.54	0.14	0.07	0.83	0.87	0.32	0.87	0.78	0.84	0.1	-0.4	0.87	0.14	0.78	0.83	0.62
Total Stockholder Equity	0.95	0.89	0.76		0.9	0.49	-0.78	0.64	0.5	0.9	0.3	-0.08	0.5	0.95	0.89	0.78	0.94	0.72	0.89	0.55	-0.44	0.91	0.26	0.72	0.83	0.39
Property Plant And Equipment Net	0.99	0.86	0.85	0.9		0.82	-0.95	0.58	0.13	1.0	0.28	-0.08	0.13	0.9	0.97	0.62	0.98	0.94	1.0	0.19	-0.54	0.97	0.13	0.94	0.95	0.35
Net Debt	0.73	0.54	0.69	0.49	0.82		-0.86	0.32	-0.38	0.82	0.16	-0.07	-0.38	0.55	0.76	0.21	0.72	0.94	0.83	-0.33	-0.5	0.73	-0.07	0.93	0.81	0.19
Retained Earnings	-0.91	-0.81	-0.86	-0.78	-0.95	-0.86		-0.59	-0.02	-0.94	-0.36	0.05	-0.02	-0.84	-0.94	-0.47	-0.93	-0.94	-0.95	-0.07	0.49	-0.94	-0.2	-0.94	-0.95	-0.4
Accounts Payable	0.59	0.71	0.68	0.64	0.58	0.32	-0.59		0.18	0.59	0.3	0.11	0.18	0.65	0.62	0.37	0.64	0.43	0.56	0.21	0.07	0.63	0.35	0.43	0.57	0.6
Cash	0.3	0.4	0.07	0.5	0.13	-0.38	-0.02	0.18		0.14	0.19	-0.12	1.0	0.42	0.21	0.63	0.28	-0.04	0.12	1.0	0.12	0.26	0.27	-0.02	0.18	0.08
Non Current Assets Total	0.99	0.85	0.85	0.9	1.0	0.82	-0.94	0.59	0.14		0.28	-0.09	0.14	0.9	0.96	0.62	0.98	0.94	1.0	0.19	-0.53	0.97	0.13	0.94	0.95	0.35
Non Currrent Assets Other	0.3	0.12	0.54	0.3	0.28	0.16	-0.36	0.3	0.19	0.28		0.04	0.19	0.5	0.45	-0.15	0.39	0.24	0.26	0.16	0.13	0.44	0.46	0.27	0.37	0.49
Other Assets	-0.1	-0.02	0.14	-0.08	-0.08	-0.07	0.05	0.11	-0.12	-0.09	0.04		-0.12	0.03	-0.02	-0.15	-0.08	-0.11	-0.09	-0.12	0.05	-0.02	0.19	-0.13	-0.14	0.15
Cash And Short Term Investments	0.3	0.4	0.07	0.5	0.13	-0.38	-0.02	0.18	1.0	0.14	0.19	-0.12		0.42	0.21	0.63	0.28	-0.04	0.12	1.0	0.12	0.26	0.27	-0.02	0.18	0.08
Common Stock Total Equity	0.94	0.85	0.83	0.95	0.9	0.55	-0.84	0.65	0.42	0.9	0.5	0.03	0.42		0.95	0.63	0.96	0.76	0.89	0.46	-0.35	0.97	0.37	0.77	0.87	0.52
Common Stock Shares Outstanding	0.96	0.84	0.87	0.89	0.97	0.76	-0.94	0.62	0.21	0.96	0.45	-0.02	0.21	0.95		0.54	0.98	0.9	0.96	0.25	-0.38	0.99	0.23	0.91	0.96	0.49
Other Current Assets	0.7	0.79	0.32	0.78	0.62	0.21	-0.47	0.37	0.63	0.62	-0.15	-0.15	0.63	0.63	0.54		0.63	0.48	0.62	0.69	-0.34	0.59	0.22	0.45	0.53	-0.12
Other Stockholder Equity	0.99	0.89	0.87	0.94	0.98	0.72	-0.93	0.64	0.28	0.98	0.39	-0.08	0.28	0.96	0.98	0.63		0.89	0.97	0.33	-0.45	0.99	0.22	0.89	0.96	0.45
Total Liab	0.9	0.74	0.78	0.72	0.94	0.94	-0.94	0.43	-0.04	0.94	0.24	-0.11	-0.04	0.76	0.9	0.48	0.89		0.95	0.02	-0.49	0.89	0.03	1.0	0.95	0.24
Property Plant And Equipment Gross	0.98	0.85	0.84	0.89	1.0	0.83	-0.95	0.56	0.12	1.0	0.26	-0.09	0.12	0.89	0.96	0.62	0.97	0.95		0.18	-0.54	0.96	0.12	0.95	0.95	0.33
Total Current Assets	0.35	0.45	0.1	0.55	0.19	-0.33	-0.07	0.21	1.0	0.19	0.16	-0.12	1.0	0.46	0.25	0.69	0.33	0.02	0.18		0.07	0.3	0.27	0.03	0.22	0.06
Intangible Assets	-0.5	-0.34	-0.4	-0.44	-0.54	-0.5	0.49	0.07	0.12	-0.53	0.13	0.05	0.12	-0.35	-0.38	-0.34	-0.45	-0.49	-0.54	0.07		-0.41	0.23	-0.46	-0.4	0.07
Common Stock	0.97	0.87	0.87	0.91	0.97	0.73	-0.94	0.63	0.26	0.97	0.44	-0.02	0.26	0.97	0.99	0.59	0.99	0.89	0.96	0.3	-0.41		0.27	0.9	0.96	0.46
Good Will	0.17	0.22	0.14	0.26	0.13	-0.07	-0.2	0.35	0.27	0.13	0.46	0.19	0.27	0.37	0.23	0.22	0.22	0.03	0.12	0.27	0.23	0.27		0.03	0.1	0.15
Short Long Term Debt Total	0.9	0.74	0.78	0.72	0.94	0.93	-0.94	0.43	-0.02	0.94	0.27	-0.13	-0.02	0.77	0.91	0.45	0.89	1.0	0.95	0.03	-0.46	0.9	0.03		0.96	0.27
Current Deferred Revenue	0.95	0.85	0.83	0.83	0.95	0.81	-0.95	0.57	0.18	0.95	0.37	-0.14	0.18	0.87	0.96	0.53	0.96	0.95	0.95	0.22	-0.4	0.96	0.1	0.96		0.38
Short Term Debt	0.35	0.3	0.62	0.39	0.35	0.19	-0.4	0.6	0.08	0.35	0.49	0.15	0.08	0.52	0.49	-0.12	0.45	0.24	0.33	0.06	0.07	0.46	0.15	0.27	0.38

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SolGold PLC Account Relationship Matchups

SolGold PLC fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	456.9M	429.2M	478.3M	463.8M	533.4M	560.1M
Other Current Liab	7.0M	5.2M	11.2M	5.5M	6.4M	6.7M
Total Current Liabilities	8.2M	6.9M	13.8M	17.3M	19.9M	20.9M
Total Stockholder Equity	339.2M	332.4M	312.9M	254.6M	292.8M	307.4M
Property Plant And Equipment Net	324.1M	387.7M	435.1M	448.6M	515.8M	541.6M
Net Debt	(2.0M)	58.7M	115.1M	193.1M	222.1M	233.2M
Retained Earnings	(142.2M)	(132.6M)	(247.1M)	(306.4M)	(275.7M)	(261.9M)
Accounts Payable	838.8K	1.3M	2.2M	1.7M	1.9M	1.1M
Cash	109.6M	26.1M	32.5M	6.0M	6.9M	6.6M
Non Current Assets Total	332.4M	394.8M	436.8M	454.7M	522.9M	549.0M
Non Currrent Assets Other	(439.4K)	1.39	4.0	6.1M	7.0M	7.4M
Other Assets	7.7M	1.5M	1.7M	1.7M	2.0M	3.4M
Cash And Short Term Investments	109.6M	26.1M	32.5M	6.0M	6.9M	6.6M
Common Stock Shares Outstanding	2.1B	2.3B	2.6B	3.0B	3.5B	3.6B
Liabilities And Stockholders Equity	456.9M	429.2M	478.3M	463.8M	533.4M	560.1M
Other Current Assets	12.0M	8.3M	9.0M	3.1M	3.6M	2.7M
Other Stockholder Equity	445.7M	432.7M	519.6M	520.5M	598.6M	628.5M
Total Liab	118.3M	97.9M	165.4M	209.2M	240.6M	252.6M
Property Plant And Equipment Gross	365.1M	433.2M	478.6M	500.8M	575.9M	604.7M
Total Current Assets	124.5M	34.4M	41.5M	9.2M	10.5M	10.0M
Accumulated Other Comprehensive Income	(40.1M)	20.1K	8.5K	127.6K	114.8K	120.6K
Intangible Assets	333.6K	405.2K	529.5K	617.7K	556.0K	528.2K
Common Stock	26.4M	29.3M	32.4M	40.5M	46.5M	48.8M
Short Long Term Debt Total	107.5M	84.8M	147.6M	199.2M	229.0M	240.5M
Short Term Debt	335.7K	415.1K	379.2K	10.1M	11.6M	12.2M
Short Term Investments	4.1M	6.8M	5.3M	1.7M	2.0M	1.9M
Non Current Liabilities Total	110.1M	91.0M	151.6M	191.9M	220.7M	231.8M
Net Tangible Assets	52.2M	31.5M	(33.1M)	(98.5M)	(88.7M)	(84.2M)
Net Receivables	2.4M	4.9K	8.0M	8.8M	10.1M	10.6M
Property Plant Equipment	14.9M	18.8M	22.1M	23.7M	27.2M	28.5M
Net Invested Capital	445.8M	416.5M	459.9M	453.6M	521.6M	358.6M
Net Working Capital	116.3M	27.5M	27.7M	(8.1M)	(7.3M)	(6.9M)

Pair Trading with SolGold PLC

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 SolGold PLC 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 SolGold PLC will appreciate offsetting losses from the drop in the long position's value.

Moving together with SolGold Stock

0.66

First Majestic Silver

Pair Corr

Moving against SolGold Stock

0.5	CAE	CAE Inc	Pair Corr
0.47	RY-PM	Royal Bank Earnings Call Tomorrow	Pair Corr
0.47	RY-PJ	Royal Bank Earnings Call Tomorrow	Pair Corr
0.42	FDR	Flinders Resources	Pair Corr
0.36	RY-PO	Royal Bank Earnings Call Tomorrow	Pair Corr

The ability to find closely correlated positions to SolGold PLC could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace SolGold PLC 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 SolGold PLC - 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 SolGold PLC to buy it.

The correlation of SolGold PLC 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 SolGold PLC moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if SolGold PLC 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 SolGold PLC 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

Other Information on Investing in SolGold Stock

Balance Sheet is a snapshot of the financial position of SolGold PLC at a specified time, usually calculated after every quarter, six months, or one year. SolGold PLC Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of SolGold PLC and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which SolGold currently owns. An asset can also be divided into two categories, current and non-current.

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SolGold Non Current Assets Total vs Total Current Liabilities Analysis

Non Current Assets Total vs Total Current Liabilities

Non Current Assets Total vs Total Current Liabilities Correlation Analysis

Correlation Coefficient

Non Current Assets Total

Total Current Liabilities

SolGold PLC fundamental ratios Correlations

SolGold PLC Account Relationship Matchups

High Positive Relationship

High Negative Relationship

SolGold PLC fundamental ratios Accounts

Pair Trading with SolGold PLC

Moving together with SolGold Stock

Moving against SolGold Stock

Other Information on Investing in SolGold Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Property Plant And Equipment Gross	+ 1.0	Property Plant And Equipment Net
Cash And Short Term Investments	+ 1.0	Cash
Total Current Assets	+ 1.0	Cash
Property Plant And Equipment Gross	+ 1.0	Non Current Assets Total
Total Current Assets	+ 1.0	Cash And Short Term Investments

Current Deferred Revenue	- 0.95	Retained Earnings
Property Plant And Equipment Gross	- 0.95	Retained Earnings
Retained Earnings	- 0.95	Property Plant And Equipment Net
Short Long Term Debt Total	- 0.94	Retained Earnings
Common Stock	- 0.94	Retained Earnings
Total Liab	- 0.94	Retained Earnings