| 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 Tangible Assets and its Total Assets 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 Tangible Assets vs Total Assets
Net Tangible Assets vs Total Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Spanish Mountain Gold Net Tangible Assets account and
Total Assets. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Spanish Mountain's Net Tangible Assets and Total Assets is 0.4. Overlapping area represents the amount of variation of Net Tangible Assets that can explain the historical movement of Total Assets 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 Tangible Assets and Total Assets 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 Tangible Assets of Spanish Mountain Gold are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Net Tangible Assets i.e., Spanish Mountain's Net Tangible Assets and Total Assets go up and down completely randomly.
Correlation Coefficient | 0.4 |
| Relationship Direction | Positive |
| Relationship Strength | Weak |
Net Tangible Assets
The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.
Total Assets
Total assets refers to the total amount of Spanish Mountain assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Spanish Mountain Gold books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible 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
Spanish Mountain fundamental ratios Correlations
Click cells to compare fundamentals
Spanish Mountain Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Spanish Mountain fundamental ratios Accounts
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