TNR Common Stock vs Net Debt Analysis

TNR Stock

CAD 0.05 0.01 9.09%

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

Common Stock vs Net Debt

Common Stock vs Net Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of TNR Gold Corp Common Stock account and Net Debt. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between TNR Gold's Common Stock and Net Debt is 0.41. Overlapping area represents the amount of variation of Common Stock that can explain the historical movement of Net Debt in the same time period over historical financial statements of TNR Gold Corp, assuming nothing else is changed. The correlation between historical values of TNR Gold's Common Stock and Net Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Common Stock of TNR Gold Corp are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Common Stock i.e., TNR Gold's Common Stock and Net Debt go up and down completely randomly.

Correlation Coefficient

0.41

Relationship Direction	Positive
Relationship Strength	Weak

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Common Stock

Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.

Most indicators from TNR Gold's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into TNR Gold Corp 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 TNR Gold Corp. 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 811.9 K in 2024. Issuance Of Capital Stock is expected to grow at the current pace this year

TNR Gold fundamental ratios Correlations

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Short Term Investments	Other Stockholder Equity	Total Liab	Total Current Assets	Common Stock	Short Long Term Debt Total	Accounts Payable	Non Current Liabilities Total	Short Term Debt	Inventory	Other Current Assets	Other Current Liab	Net Tangible Assets	Long Term Debt
Total Assets		0.1	0.91	0.99	-0.21	0.52	0.42	1.0	-0.03	0.58	-0.11	-0.1	0.15	0.96	-0.09	0.59	0.0	-0.48	0.15	-0.05	-0.57	-0.04	0.5	0.13	0.89	-0.58
Total Current Liabilities	0.1		-0.12	0.07	0.49	-0.21	-0.11	0.05	-0.11	0.28	0.44	0.16	0.1	0.17	0.49	0.42	0.24	0.08	-0.07	0.21	0.14	-0.21	0.03	0.49	0.0	0.04
Total Stockholder Equity	0.91	-0.12		0.89	-0.59	0.68	0.5	0.91	0.13	0.51	-0.17	-0.27	0.07	0.77	-0.49	0.5	-0.2	-0.5	-0.01	-0.36	-0.51	0.14	0.55	0.03	0.87	-0.56
Property Plant And Equipment Net	0.99	0.07	0.89		-0.18	0.46	0.45	1.0	-0.12	0.51	-0.12	-0.03	0.1	0.97	-0.05	0.52	0.06	-0.45	0.19	0.0	-0.55	-0.1	0.52	0.13	0.85	-0.56
Net Debt	-0.21	0.49	-0.59	-0.18		-0.57	-0.44	-0.22	-0.31	-0.04	0.21	0.39	0.13	0.03	0.99	0.0	0.41	0.2	0.25	0.76	0.08	-0.37	-0.32	0.23	-0.32	0.18
Retained Earnings	0.52	-0.21	0.68	0.46	-0.57		0.11	0.54	0.77	0.14	-0.14	-0.77	-0.03	0.31	-0.55	0.12	-0.84	-0.76	-0.28	-0.45	-0.64	0.81	0.19	0.08	0.81	-0.56
Cash	0.42	-0.11	0.5	0.45	-0.44	0.11		0.43	-0.26	0.07	-0.14	0.27	-0.4	0.31	-0.33	0.08	0.18	0.17	0.02	-0.21	0.05	-0.19	0.42	-0.29	0.19	0.14
Non Current Assets Total	1.0	0.05	0.91	1.0	-0.22	0.54	0.43		-0.02	0.51	-0.14	-0.11	0.1	0.95	-0.1	0.51	-0.03	-0.51	0.14	-0.03	-0.59	-0.01	0.53	0.12	0.89	-0.59
Non Currrent Assets Other	-0.03	-0.11	0.13	-0.12	-0.31	0.77	-0.26	-0.02		0.02	-0.14	-0.87	0.08	-0.21	-0.37	-0.05	-0.93	-0.57	-0.3	-0.3	-0.4	0.93	-0.26	-0.03	0.4	-0.32
Cash And Short Term Investments	0.58	0.28	0.51	0.51	-0.04	0.14	0.07	0.51	0.02		-0.17	-0.01	0.57	0.58	0.01	0.94	0.18	-0.02	0.27	-0.02	-0.17	-0.21	0.01	-0.13	0.5	-0.27
Net Receivables	-0.11	0.44	-0.17	-0.12	0.21	-0.14	-0.14	-0.14	-0.14	-0.17		0.06	-0.17	-0.1	0.18	0.17	0.07	0.07	-0.14	-0.39	0.11	-0.07	-0.09	0.84	-0.13	0.01
Common Stock Shares Outstanding	-0.1	0.16	-0.27	-0.03	0.39	-0.77	0.27	-0.11	-0.87	-0.01	0.06		-0.07	0.08	0.43	0.01	0.86	0.62	0.22	0.39	0.47	-0.82	0.1	-0.07	-0.49	0.58
Short Term Investments	0.15	0.1	0.07	0.1	0.13	-0.03	-0.4	0.1	0.08	0.57	-0.17	-0.07		0.22	0.15	0.48	0.14	-0.26	0.55	0.1	-0.23	-0.18	-0.21	-0.08	0.23	-0.5
Other Stockholder Equity	0.96	0.17	0.77	0.97	0.03	0.31	0.31	0.95	-0.21	0.58	-0.1	0.08	0.22		0.15	0.58	0.19	-0.38	0.32	0.14	-0.52	-0.23	0.4	0.17	0.79	-0.55
Total Liab	-0.09	0.49	-0.49	-0.05	0.99	-0.55	-0.33	-0.1	-0.37	0.01	0.18	0.43	0.15	0.15		0.04	0.47	0.18	0.34	0.77	0.03	-0.43	-0.27	0.21	-0.23	0.11
Total Current Assets	0.59	0.42	0.5	0.52	0.0	0.12	0.08	0.51	-0.05	0.94	0.17	0.01	0.48	0.58	0.04		0.22	-0.01	0.2	-0.16	-0.15	-0.25	0.05	0.15	0.48	-0.28
Common Stock	0.0	0.24	-0.2	0.06	0.41	-0.84	0.18	-0.03	-0.93	0.18	0.07	0.86	0.14	0.19	0.47	0.22		0.59	0.39	0.41	0.42	-1.0	0.14	-0.04	-0.42	0.32
Short Long Term Debt Total	-0.48	0.08	-0.5	-0.45	0.2	-0.76	0.17	-0.51	-0.57	-0.02	0.07	0.62	-0.26	-0.38	0.18	-0.01	0.59		0.12	0.07	0.82	-0.56	-0.3	-0.29	-0.74	0.78
Accounts Payable	0.15	-0.07	-0.01	0.19	0.25	-0.28	0.02	0.14	-0.3	0.27	-0.14	0.22	0.55	0.32	0.34	0.2	0.39	0.12		0.14	-0.08	-0.43	-0.46	-0.11	0.09	-0.36
Non Current Liabilities Total	-0.05	0.21	-0.36	0.0	0.76	-0.45	-0.21	-0.03	-0.3	-0.02	-0.39	0.39	0.1	0.14	0.77	-0.16	0.41	0.07	0.14		0.0	-0.36	0.06	-0.24	-0.21	0.18
Short Term Debt	-0.57	0.14	-0.51	-0.55	0.08	-0.64	0.05	-0.59	-0.4	-0.17	0.11	0.47	-0.23	-0.52	0.03	-0.15	0.42	0.82	-0.08	0.0		-0.38	-0.16	-0.13	-0.75	0.76
Inventory	-0.04	-0.21	0.14	-0.1	-0.37	0.81	-0.19	-0.01	0.93	-0.21	-0.07	-0.82	-0.18	-0.23	-0.43	-0.25	-1.0	-0.56	-0.43	-0.36	-0.38		-0.15	0.03	0.38	-0.24
Other Current Assets	0.5	0.03	0.55	0.52	-0.32	0.19	0.42	0.53	-0.26	0.01	-0.09	0.1	-0.21	0.4	-0.27	0.05	0.14	-0.3	-0.46	0.06	-0.16	-0.15		0.04	0.28	-0.11
Other Current Liab	0.13	0.49	0.03	0.13	0.23	0.08	-0.29	0.12	-0.03	-0.13	0.84	-0.07	-0.08	0.17	0.21	0.15	-0.04	-0.29	-0.11	-0.24	-0.13	0.03	0.04		0.16	-0.27
Net Tangible Assets	0.89	0.0	0.87	0.85	-0.32	0.81	0.19	0.89	0.4	0.5	-0.13	-0.49	0.23	0.79	-0.23	0.48	-0.42	-0.74	0.09	-0.21	-0.75	0.38	0.28	0.16		-0.76
Long Term Debt	-0.58	0.04	-0.56	-0.56	0.18	-0.56	0.14	-0.59	-0.32	-0.27	0.01	0.58	-0.5	-0.55	0.11	-0.28	0.32	0.78	-0.36	0.18	0.76	-0.24	-0.11	-0.27	-0.76

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TNR Gold Account Relationship Matchups

TNR Gold fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	26.9K	62.2K	24.5K	274.0K	642.2K	610.1K
Total Current Liabilities	352.8K	401.0K	315.6K	7.4M	35.3K	33.5K
Total Stockholder Equity	(5.2M)	(6.1M)	(7.1M)	(7.1M)	606.9K	576.5K
Net Debt	4.9M	5.8M	6.9M	6.9M	(581.7K)	(552.6K)
Retained Earnings	(46.3M)	(47.8M)	(49.8M)	(50.1M)	(42.2M)	(44.3M)
Cash	1.9K	44.7K	1.1K	233.4K	581.7K	294.7K
Cash And Short Term Investments	8.6K	57.2K	7.1K	235.1K	581.9K	460.2K
Net Receivables	3.1K	3.7K	3.3K	2.2K	5.2K	4.9K
Short Term Investments	6.7K	12.5K	6.0K	1.6K	217.0	206.15
Liabilities And Stockholders Equity	26.9K	62.2K	24.5K	274.0K	642.2K	610.1K
Other Stockholder Equity	5.5M	5.6M	5.9M	6.1M	(77.9K)	(74.0K)
Total Liab	5.3M	6.2M	7.2M	7.4M	35.3K	33.5K
Total Current Assets	18.3K	62.2K	24.5K	274.0K	608.4K	543.9K
Short Long Term Debt Total	4.9M	5.8M	6.9M	7.2M	8.2M	8.7M
Accounts Payable	343.9K	401.0K	315.6K	211.9K	243.6K	398.3K
Non Current Liabilities Total	4.7M	0.0	4.9M	5.8M	6.9M	7.2M
Short Term Debt	5.6M	9.0K	6.9M	7.2M	8.2M	8.7M
Accumulated Other Comprehensive Income	5.5M	5.6M	5.9M	6.1M	6.2M	4.4M
Other Current Assets	6.6K	1.2K	14.2K	36.8K	21.3K	23.5K
Other Current Liab	1.6M	343.9K	315.6K	211.9K	35.3K	33.5K
Net Tangible Assets	(5.2M)	(6.1M)	(7.1M)	(7.1M)	(6.4M)	(6.1M)
Short Long Term Debt	4.7M	5.6M	6.9M	7.2M	8.2M	5.4M
Current Deferred Revenue	(1.6M)	(343.9K)	(7.2M)	(211.9K)	(190.7K)	(200.2K)
Net Invested Capital	(325.9K)	(338.8K)	(291.1K)	62.1K	606.9K	637.2K
Net Working Capital	(334.5K)	(338.8K)	(291.1K)	(7.1M)	573.1K	601.7K

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