Skyharbour Cash vs Total Current Liabilities Analysis

SYH Stock

CAD 0.45 0.01 2.17%

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

Cash vs Total Current Liabilities

Cash vs Total Current Liabilities Correlation Analysis

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

The correlation between Skyharbour Resources' Cash and Total Current Liabilities is 0.87. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of Skyharbour Resources, assuming nothing else is changed. The correlation between historical values of Skyharbour Resources' Cash 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 Cash of Skyharbour Resources 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 Cash i.e., Skyharbour Resources' Cash and Total Current Liabilities go up and down completely randomly.

Correlation Coefficient

0.87

Relationship Direction	Positive
Relationship Strength	Strong

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Cash

Cash refers to the most liquid asset of Skyharbour Resources, which is listed under current asset account on Skyharbour Resources balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Skyharbour Resources customers. The amounts must be unrestricted with restricted cash listed in a different Skyharbour Resources account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.

Total Current Liabilities

Total Current Liabilities is an item on Skyharbour Resources balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Skyharbour Resources 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 Skyharbour Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Skyharbour Resources 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 Skyharbour Resources. 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, Skyharbour Resources' Selling General Administrative is fairly stable compared to the past year. Enterprise Value is likely to climb to about 48 M in 2024, whereas Issuance Of Capital Stock is likely to drop slightly above 6.4 M in 2024.

	2023	2024 (projected)
Net Interest Income	141.0K	148.0K
Non Recurring	53.5K	41.9K

Net Interest Income Non Recurring

Skyharbour Resources fundamental ratios Correlations

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Investments	Other Current Liab	Common Stock	Net Tangible Assets	Property Plant Equipment	Other Current Assets	Net Invested Capital	Net Working Capital	Capital Stock	Property Plant And Equipment Gross	Inventory
Total Assets		0.87	1.0	0.99	-0.95	-0.92	0.76	0.95	0.99	0.91	0.91	0.99	0.07	0.87	0.91	0.53	0.82	0.89	0.99	0.96	0.82	0.91	0.76	0.92	-0.73	-0.73
Total Current Liabilities	0.87		0.85	0.89	-0.85	-0.77	0.78	0.87	0.89	0.69	0.98	0.83	0.08	1.0	0.7	0.12	0.96	0.66	0.79	0.75	0.51	0.74	0.44	0.82	-0.9	-0.9
Total Stockholder Equity	1.0	0.85		0.99	-0.95	-0.92	0.75	0.95	0.99	0.91	0.89	1.0	0.07	0.85	0.92	0.55	0.8	0.9	0.99	0.97	0.83	0.91	0.77	0.92	-0.71	-0.71
Property Plant And Equipment Net	0.99	0.89	0.99		-0.91	-0.92	0.76	0.91	1.0	0.84	0.93	0.98	0.09	0.89	0.85	0.43	0.85	0.87	0.97	0.96	0.75	0.88	0.67	0.9	-0.76	-0.76
Net Debt	-0.95	-0.85	-0.95	-0.91		0.85	-0.76	-1.0	-0.91	-0.96	-0.87	-0.93	0.01	-0.85	-0.96	-0.58	-0.78	-0.83	-0.93	-0.87	-0.85	-0.89	-0.83	-0.89	0.7	0.7
Retained Earnings	-0.92	-0.77	-0.92	-0.92	0.85		-0.73	-0.84	-0.92	-0.8	-0.77	-0.93	0.23	-0.77	-0.81	-0.47	-0.7	-0.87	-0.91	-0.91	-0.75	-0.83	-0.65	-0.83	0.59	0.59
Accounts Payable	0.76	0.78	0.75	0.76	-0.76	-0.73		0.76	0.76	0.68	0.77	0.75	0.0	0.78	0.69	0.29	0.6	0.68	0.75	0.75	0.59	0.62	0.46	0.65	-0.52	-0.52
Cash	0.95	0.87	0.95	0.91	-1.0	-0.84	0.76		0.91	0.95	0.89	0.93	0.0	0.87	0.95	0.56	0.8	0.81	0.93	0.87	0.83	0.87	0.81	0.88	-0.74	-0.74
Non Current Assets Total	0.99	0.89	0.99	1.0	-0.91	-0.92	0.76	0.91		0.84	0.93	0.98	0.09	0.89	0.85	0.43	0.85	0.87	0.97	0.96	0.75	0.88	0.67	0.9	-0.76	-0.76
Cash And Short Term Investments	0.91	0.69	0.91	0.84	-0.96	-0.8	0.68	0.95	0.84		0.74	0.9	0.01	0.69	1.0	0.79	0.62	0.84	0.93	0.86	0.93	0.88	0.94	0.86	-0.54	-0.54
Net Receivables	0.91	0.98	0.89	0.93	-0.87	-0.77	0.77	0.89	0.93	0.74		0.87	0.19	0.98	0.75	0.21	0.95	0.72	0.85	0.82	0.6	0.79	0.52	0.85	-0.88	-0.88
Common Stock Shares Outstanding	0.99	0.83	1.0	0.98	-0.93	-0.93	0.75	0.93	0.98	0.9	0.87		0.07	0.83	0.91	0.56	0.78	0.91	0.99	0.98	0.84	0.91	0.77	0.91	-0.68	-0.68
Other Stockholder Equity	0.07	0.08	0.07	0.09	0.01	0.23	0.0	0.0	0.09	0.01	0.19	0.07		0.08	0.01	0.0	0.16	0.08	0.09	0.09	0.05	0.14	0.06	0.15	-0.09	-0.09
Total Liab	0.87	1.0	0.85	0.89	-0.85	-0.77	0.78	0.87	0.89	0.69	0.98	0.83	0.08		0.7	0.12	0.96	0.66	0.79	0.75	0.51	0.74	0.44	0.82	-0.9	-0.9
Total Current Assets	0.91	0.7	0.92	0.85	-0.96	-0.81	0.69	0.95	0.85	1.0	0.75	0.91	0.01	0.7		0.78	0.63	0.84	0.93	0.87	0.93	0.89	0.94	0.87	-0.56	-0.56
Short Term Investments	0.53	0.12	0.55	0.43	-0.58	-0.47	0.29	0.56	0.43	0.79	0.21	0.56	0.0	0.12	0.78		0.08	0.62	0.62	0.55	0.86	0.64	0.92	0.55	0.02	0.02
Other Current Liab	0.82	0.96	0.8	0.85	-0.78	-0.7	0.6	0.8	0.85	0.62	0.95	0.78	0.16	0.96	0.63	0.08		0.6	0.73	0.67	0.45	0.73	0.41	0.82	-0.92	-0.92
Common Stock	0.89	0.66	0.9	0.87	-0.83	-0.87	0.68	0.81	0.87	0.84	0.72	0.91	0.08	0.66	0.84	0.62	0.6		0.92	0.91	0.9	0.95	0.77	0.9	-0.37	-0.37
Net Tangible Assets	0.99	0.79	0.99	0.97	-0.93	-0.91	0.75	0.93	0.97	0.93	0.85	0.99	0.09	0.79	0.93	0.62	0.73	0.92		0.98	0.87	0.91	0.81	0.9	-0.63	-0.63
Property Plant Equipment	0.96	0.75	0.97	0.96	-0.87	-0.91	0.75	0.87	0.96	0.86	0.82	0.98	0.09	0.75	0.87	0.55	0.67	0.91	0.98		0.82	0.86	0.73	0.83	-0.59	-0.59
Other Current Assets	0.82	0.51	0.83	0.75	-0.85	-0.75	0.59	0.83	0.75	0.93	0.6	0.84	0.05	0.51	0.93	0.86	0.45	0.9	0.87	0.82		0.9	0.95	0.83	-0.29	-0.29
Net Invested Capital	0.91	0.74	0.91	0.88	-0.89	-0.83	0.62	0.87	0.88	0.88	0.79	0.91	0.14	0.74	0.89	0.64	0.73	0.95	0.91	0.86	0.9		0.83	0.98	-0.51	-0.51
Net Working Capital	0.76	0.44	0.77	0.67	-0.83	-0.65	0.46	0.81	0.67	0.94	0.52	0.77	0.06	0.44	0.94	0.92	0.41	0.77	0.81	0.73	0.95	0.83		0.77	-0.3	-0.3
Capital Stock	0.92	0.82	0.92	0.9	-0.89	-0.83	0.65	0.88	0.9	0.86	0.85	0.91	0.15	0.82	0.87	0.55	0.82	0.9	0.9	0.83	0.83	0.98	0.77		-0.62	-0.62
Property Plant And Equipment Gross	-0.73	-0.9	-0.71	-0.76	0.7	0.59	-0.52	-0.74	-0.76	-0.54	-0.88	-0.68	-0.09	-0.9	-0.56	0.02	-0.92	-0.37	-0.63	-0.59	-0.29	-0.51	-0.3	-0.62		1.0
Inventory	-0.73	-0.9	-0.71	-0.76	0.7	0.59	-0.52	-0.74	-0.76	-0.54	-0.88	-0.68	-0.09	-0.9	-0.56	0.02	-0.92	-0.37	-0.63	-0.59	-0.29	-0.51	-0.3	-0.62	1.0

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Skyharbour Resources Account Relationship Matchups

Skyharbour Resources fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	11.1M	16.1M	23.0M	24.6M	33.4M	35.1M
Total Current Liabilities	167.0K	94.8K	464.9K	751.2K	2.2M	2.3M
Total Stockholder Equity	11.0M	16.0M	22.5M	23.8M	31.3M	32.8M
Property Plant And Equipment Net	10.3M	10.1M	14.3M	18.7M	26.1M	27.4M
Net Debt	(610.9K)	(3.4M)	(4.6M)	(3.1M)	(5.9M)	(5.6M)
Retained Earnings	(40.1M)	(41.0M)	(43.8M)	(48.9M)	(53.7M)	(51.0M)
Accounts Payable	158.4K	87.9K	464.9K	513.8K	590.8K	620.4K
Cash	610.9K	3.4M	4.6M	3.1M	5.9M	6.2M
Non Current Assets Total	10.3M	10.1M	14.3M	18.7M	26.1M	27.4M
Cash And Short Term Investments	610.9K	5.6M	8.2M	5.4M	6.6M	7.0M
Net Receivables	77.2K	53.9K	111.6K	132.2K	293.3K	307.9K
Common Stock Shares Outstanding	67.8M	91.4M	124.7M	141.7M	168.8M	177.2M
Liabilities And Stockholders Equity	11.1M	16.1M	23.0M	24.6M	33.4M	35.1M
Other Stockholder Equity	4.3M	4.3M	21.6K	5.7M	5.2M	4.9M
Total Liab	167.0K	94.8K	464.9K	751.2K	2.2M	2.3M
Total Current Assets	795.5K	6.0M	8.7M	5.9M	7.3M	7.7M
Accumulated Other Comprehensive Income	4.3M	4.8M	5.7M	6.7M	8.4M	8.8M
Other Current Liab	8.6K	6.9K	17.3K	751.2K	2.2M	2.3M
Common Stock	46.8M	52.1M	60.6M	66.0M	76.6M	49.4M
Net Tangible Assets	10.8M	11.0M	16.0M	22.5M	25.9M	27.2M
Property Plant Equipment	9.6M	10.3M	10.1M	14.3M	16.4M	17.2M
Other Current Assets	107.4K	312.3K	476.5K	339.5K	374.9K	200.7K
Net Invested Capital	11.0M	16.0M	22.5M	23.8M	31.3M	19.4M
Net Working Capital	628.6K	5.9M	8.3M	5.2M	5.1M	4.3M
Capital Stock	46.8M	52.1M	60.6M	66.0M	76.6M	63.7M

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