Spanish Net Income vs Free Cash Flow Analysis

SPA Stock

CAD 0.11 0.01 8.33%

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

Net Income vs Free Cash Flow

Net Income vs Free Cash Flow Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Spanish Mountain Gold Net Income account and Free Cash Flow. At this time, the significance of the direction appears to have strong relationship.

The correlation between Spanish Mountain's Net Income and Free Cash Flow is 0.61. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Free Cash Flow in the same time period over historical financial statements of Spanish Mountain Gold, assuming nothing else is changed. The correlation between historical values of Spanish Mountain's Net Income and Free Cash Flow is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Income of Spanish Mountain Gold are associated (or correlated) with its Free Cash Flow. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow has no effect on the direction of Net Income i.e., Spanish Mountain's Net Income and Free Cash Flow go up and down completely randomly.

Correlation Coefficient

0.61

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in Spanish Mountain Gold financial statement analysis. It represents the amount of money remaining after all of Spanish Mountain Gold operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Free Cash Flow

The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.

Most indicators from Spanish Mountain's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Spanish Mountain Gold 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 Spanish Mountain Gold. 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 M in 2024. Tax Provision is likely to drop to about (215.1 K) in 2024

	2021	2022	2023	2024 (projected)
Interest Income	89.9K	91.0K	151.7K	94.0K
Net Interest Income	85.3K	81.9K	135.7K	87.2K

Interest Income Net Interest Income

Spanish Mountain fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Retained Earnings	Accounts Payable	Common Stock Shares Outstanding	Total Liab	Total Current Assets	Common Stock	Net Debt	Cash	Cash And Short Term Investments	Other Current Assets	Other Stockholder Equity	Property Plant And Equipment Net	Non Current Assets Total	Net Receivables	Non Currrent Assets Other	Non Current Liabilities Total	Short Term Investments	Other Liab	Net Tangible Assets	Other Assets	Property Plant Equipment	Non Current Liabilities Other
Total Assets		0.36	0.39	1.0	-0.74	0.54	0.66	0.33	0.33	0.96	-0.22	0.23	0.33	0.32	0.08	0.97	0.97	0.15	0.55	0.02	-0.1	-0.39	0.4	-0.25	0.32	-0.04
Other Current Liab	0.36		0.98	0.3	0.12	0.72	-0.11	0.86	0.89	0.23	-0.87	0.87	0.82	0.56	0.78	0.16	0.16	0.7	0.4	0.6	0.08	0.43	-0.06	0.29	-0.07	-0.31
Total Current Liabilities	0.39	0.98		0.33	0.1	0.78	-0.11	0.89	0.87	0.25	-0.87	0.87	0.81	0.53	0.79	0.2	0.2	0.67	0.44	0.62	0.07	0.43	-0.08	0.3	-0.09	-0.34
Total Stockholder Equity	1.0	0.3	0.33		-0.76	0.49	0.68	0.25	0.28	0.97	-0.17	0.18	0.3	0.29	0.02	0.98	0.98	0.08	0.52	-0.05	-0.09	-0.45	0.44	-0.29	0.34	-0.02
Retained Earnings	-0.74	0.12	0.1	-0.76		-0.27	-0.89	0.08	0.14	-0.86	-0.29	0.28	0.13	-0.06	0.35	-0.85	-0.85	0.16	-0.15	0.26	0.13	0.58	-0.52	0.59	-0.5	0.0
Accounts Payable	0.54	0.72	0.78	0.49	-0.27		0.17	0.7	0.59	0.44	-0.45	0.45	0.53	0.56	0.28	0.42	0.42	0.53	0.47	0.45	0.21	0.21	0.11	0.14	0.06	-0.43
Common Stock Shares Outstanding	0.66	-0.11	-0.11	0.68	-0.89	0.17		-0.27	0.01	0.83	0.17	-0.15	0.05	0.13	-0.27	0.74	0.74	-0.29	-0.11	-0.53	-0.08	-0.78	0.75	-0.81	0.69	0.03
Total Liab	0.33	0.86	0.89	0.25	0.08	0.7	-0.27		0.62	0.16	-0.68	0.67	0.51	0.43	0.65	0.19	0.19	0.84	0.56	0.9	-0.08	0.68	-0.37	0.48	-0.29	-0.23
Total Current Assets	0.33	0.89	0.87	0.28	0.14	0.59	0.01	0.62		0.25	-0.86	0.87	0.98	0.66	0.79	0.11	0.11	0.47	0.21	0.29	0.31	0.16	0.13	0.15	0.04	-0.16
Common Stock	0.96	0.23	0.25	0.97	-0.86	0.44	0.83	0.16	0.25		-0.11	0.12	0.27	0.28	-0.01	0.97	0.97	0.01	0.38	-0.16	-0.1	-0.56	0.52	-0.46	0.44	0.02
Net Debt	-0.22	-0.87	-0.87	-0.17	-0.29	-0.45	0.17	-0.68	-0.86	-0.11		-1.0	-0.85	-0.28	-0.91	-0.02	-0.02	-0.47	-0.3	-0.41	0.13	-0.31	0.11	-0.27	0.11	0.13
Cash	0.23	0.87	0.87	0.18	0.28	0.45	-0.15	0.67	0.87	0.12	-1.0		0.85	0.29	0.91	0.03	0.03	0.46	0.29	0.4	-0.13	0.29	-0.09	0.24	-0.09	-0.14
Cash And Short Term Investments	0.33	0.82	0.81	0.3	0.13	0.53	0.05	0.51	0.98	0.27	-0.85	0.85		0.59	0.77	0.12	0.12	0.3	0.19	0.16	0.34	0.04	0.19	0.1	0.08	-0.13
Other Current Assets	0.32	0.56	0.53	0.29	-0.06	0.56	0.13	0.43	0.66	0.28	-0.28	0.29	0.59		0.15	0.19	0.19	0.52	0.06	0.25	0.6	0.12	0.29	0.08	0.19	-0.16
Other Stockholder Equity	0.08	0.78	0.79	0.02	0.35	0.28	-0.27	0.65	0.79	-0.01	-0.91	0.91	0.77	0.15		-0.11	-0.11	0.41	0.19	0.45	-0.06	0.39	-0.21	0.26	-0.16	-0.12
Property Plant And Equipment Net	0.97	0.16	0.2	0.98	-0.85	0.42	0.74	0.19	0.11	0.97	-0.02	0.03	0.12	0.19	-0.11		1.0	0.04	0.49	-0.07	-0.18	-0.48	0.41	-0.35	0.35	0.01
Non Current Assets Total	0.97	0.16	0.2	0.98	-0.85	0.42	0.74	0.19	0.11	0.97	-0.02	0.03	0.12	0.19	-0.11	1.0		0.04	0.49	-0.07	-0.18	-0.48	0.41	-0.35	0.35	0.01
Net Receivables	0.15	0.7	0.67	0.08	0.16	0.53	-0.29	0.84	0.47	0.01	-0.47	0.46	0.3	0.52	0.41	0.04	0.04		0.32	0.85	-0.1	0.7	-0.32	0.44	-0.24	-0.19
Non Currrent Assets Other	0.55	0.4	0.44	0.52	-0.15	0.47	-0.11	0.56	0.21	0.38	-0.3	0.29	0.19	0.06	0.19	0.49	0.49	0.32		0.45	-0.2	0.15	-0.47	0.52	-0.59	0.1
Non Current Liabilities Total	0.02	0.6	0.62	-0.05	0.26	0.45	-0.53	0.9	0.29	-0.16	-0.41	0.4	0.16	0.25	0.45	-0.07	-0.07	0.85	0.45		-0.14	0.9	-0.6	0.63	-0.46	-0.15
Short Term Investments	-0.1	0.08	0.07	-0.09	0.13	0.21	-0.08	-0.08	0.31	-0.1	0.13	-0.13	0.34	0.6	-0.06	-0.18	-0.18	-0.1	-0.2	-0.14		-0.03	0.29	0.08	0.13	-0.17
Other Liab	-0.39	0.43	0.43	-0.45	0.58	0.21	-0.78	0.68	0.16	-0.56	-0.31	0.29	0.04	0.12	0.39	-0.48	-0.48	0.7	0.15	0.9	-0.03		-0.63	0.68	-0.48	-0.18
Net Tangible Assets	0.4	-0.06	-0.08	0.44	-0.52	0.11	0.75	-0.37	0.13	0.52	0.11	-0.09	0.19	0.29	-0.21	0.41	0.41	-0.32	-0.47	-0.6	0.29	-0.63		-0.79	0.95	-0.2
Other Assets	-0.25	0.29	0.3	-0.29	0.59	0.14	-0.81	0.48	0.15	-0.46	-0.27	0.24	0.1	0.08	0.26	-0.35	-0.35	0.44	0.52	0.63	0.08	0.68	-0.79		-0.81	0.02
Property Plant Equipment	0.32	-0.07	-0.09	0.34	-0.5	0.06	0.69	-0.29	0.04	0.44	0.11	-0.09	0.08	0.19	-0.16	0.35	0.35	-0.24	-0.59	-0.46	0.13	-0.48	0.95	-0.81		-0.27
Non Current Liabilities Other	-0.04	-0.31	-0.34	-0.02	0.0	-0.43	0.03	-0.23	-0.16	0.02	0.13	-0.14	-0.13	-0.16	-0.12	0.01	0.01	-0.19	0.1	-0.15	-0.17	-0.18	-0.2	0.02	-0.27

Click cells to compare fundamentals

Spanish Mountain Account Relationship Matchups

Spanish Mountain fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	78.0M	93.8M	93.5M	94.2M	97.3M	58.0M
Other Current Liab	416.9K	1.7M	1.4M	1.2M	404.8K	384.5K
Total Current Liabilities	495.5K	1.8M	1.5M	1.2M	464.6K	441.4K
Total Stockholder Equity	76.6M	91.4M	91.7M	92.4M	96.6M	55.1M
Retained Earnings	(12.8M)	(13.5M)	(14.4M)	(15.2M)	(16.7M)	(15.8M)
Accounts Payable	209.4K	1.4M	1.1M	953.3K	377.7K	474.2K
Common Stock Shares Outstanding	234.9M	275.7M	330.4M	338.2M	361.5M	379.5M
Liabilities And Stockholders Equity	78.0M	93.8M	93.5M	94.2M	97.3M	58.0M
Total Liab	1.4M	2.4M	1.8M	1.7M	695.6K	660.8K
Total Current Assets	875.6K	12.0M	7.3M	3.2M	3.6M	4.5M
Common Stock	88.5M	104.0M	105.1M	106.3M	112.6M	88.2M
Net Debt	(195.0K)	(1.8M)	(6.6M)	(2.4M)	182.8K	192.0K
Cash	405.5K	1.9M	6.7M	2.8M	108.0K	102.6K
Cash And Short Term Investments	805.5K	11.5M	6.9M	3.1M	3.3M	3.4M
Other Current Assets	50.0K	282.1K	114.6K	36.4K	127.7K	121.3K
Other Stockholder Equity	631.8K	849.7K	874.6K	1.0	0.9	0.86
Property Plant And Equipment Net	77.0M	81.7M	86.2M	90.9M	93.6M	60.7M
Non Current Assets Total	77.1M	81.8M	86.3M	91.0M	93.7M	60.8M
Net Receivables	20.1K	190.5K	211.5K	52.7K	150.3K	142.8K
Accumulated Other Comprehensive Income	849.7K	874.6K	1.0M	1.3M	592.6K	563.0K
Non Current Liabilities Total	907.2K	651.2K	372.7K	495.7K	231.0K	219.4K
Short Term Investments	712.4K	400K	9.6M	250K	3.2M	1.9M
Other Liab	964.9K	775.2K	571.4K	372.7K	335.4K	318.7K
Net Tangible Assets	76.6M	76.6M	91.4M	91.7M	105.5M	87.5M
Property Plant Equipment	76.2M	77.0M	81.7M	86.2M	99.1M	85.9M
Net Invested Capital	76.6M	91.4M	91.7M	92.5M	96.6M	94.6M
Net Working Capital	380.1K	10.2M	5.8M	1.9M	3.1M	4.1M
Capital Stock	88.5M	104.0M	105.1M	106.3M	112.6M	110.8M

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.

Explore Investing Ideas

Additional Tools for Spanish Stock Analysis

When running Spanish Mountain's price analysis, check to measure Spanish Mountain's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Spanish Mountain is operating at the current time. Most of Spanish Mountain's value examination focuses on studying past and present price action to predict the probability of Spanish Mountain's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Spanish Mountain's price. Additionally, you may evaluate how the addition of Spanish Mountain to your portfolios can decrease your overall portfolio volatility.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC