TNR Operating Income vs Reconciled Depreciation 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 Operating Income and its Reconciled Depreciation 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.

Operating Income vs Reconciled Depreciation

Operating Income vs Reconciled Depreciation Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of TNR Gold Corp Operating Income account and Reconciled Depreciation. At this time, the significance of the direction appears to have almost no relationship.
The correlation between TNR Gold's Operating Income and Reconciled Depreciation is 0.18. Overlapping area represents the amount of variation of Operating Income that can explain the historical movement of Reconciled Depreciation 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 Operating Income and Reconciled Depreciation is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Operating Income of TNR Gold Corp are associated (or correlated) with its Reconciled Depreciation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Reconciled Depreciation has no effect on the direction of Operating Income i.e., TNR Gold's Operating Income and Reconciled Depreciation go up and down completely randomly.

Correlation Coefficient

0.18
Relationship DirectionPositive 
Relationship StrengthInsignificant

Operating Income

Operating Income is the amount of profit realized from TNR Gold Corp operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of TNR Gold Corp is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.

Reconciled Depreciation

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

0.10.910.99-0.210.520.421.0-0.030.58-0.11-0.10.150.96-0.090.590.0-0.480.15-0.05-0.57-0.040.50.130.89-0.58
0.1-0.120.070.49-0.21-0.110.05-0.110.280.440.160.10.170.490.420.240.08-0.070.210.14-0.210.030.490.00.04
0.91-0.120.89-0.590.680.50.910.130.51-0.17-0.270.070.77-0.490.5-0.2-0.5-0.01-0.36-0.510.140.550.030.87-0.56
0.990.070.89-0.180.460.451.0-0.120.51-0.12-0.030.10.97-0.050.520.06-0.450.190.0-0.55-0.10.520.130.85-0.56
-0.210.49-0.59-0.18-0.57-0.44-0.22-0.31-0.040.210.390.130.030.990.00.410.20.250.760.08-0.37-0.320.23-0.320.18
0.52-0.210.680.46-0.570.110.540.770.14-0.14-0.77-0.030.31-0.550.12-0.84-0.76-0.28-0.45-0.640.810.190.080.81-0.56
0.42-0.110.50.45-0.440.110.43-0.260.07-0.140.27-0.40.31-0.330.080.180.170.02-0.210.05-0.190.42-0.290.190.14
1.00.050.911.0-0.220.540.43-0.020.51-0.14-0.110.10.95-0.10.51-0.03-0.510.14-0.03-0.59-0.010.530.120.89-0.59
-0.03-0.110.13-0.12-0.310.77-0.26-0.020.02-0.14-0.870.08-0.21-0.37-0.05-0.93-0.57-0.3-0.3-0.40.93-0.26-0.030.4-0.32
0.580.280.510.51-0.040.140.070.510.02-0.17-0.010.570.580.010.940.18-0.020.27-0.02-0.17-0.210.01-0.130.5-0.27
-0.110.44-0.17-0.120.21-0.14-0.14-0.14-0.14-0.170.06-0.17-0.10.180.170.070.07-0.14-0.390.11-0.07-0.090.84-0.130.01
-0.10.16-0.27-0.030.39-0.770.27-0.11-0.87-0.010.06-0.070.080.430.010.860.620.220.390.47-0.820.1-0.07-0.490.58
0.150.10.070.10.13-0.03-0.40.10.080.57-0.17-0.070.220.150.480.14-0.260.550.1-0.23-0.18-0.21-0.080.23-0.5
0.960.170.770.970.030.310.310.95-0.210.58-0.10.080.220.150.580.19-0.380.320.14-0.52-0.230.40.170.79-0.55
-0.090.49-0.49-0.050.99-0.55-0.33-0.1-0.370.010.180.430.150.150.040.470.180.340.770.03-0.43-0.270.21-0.230.11
0.590.420.50.520.00.120.080.51-0.050.940.170.010.480.580.040.22-0.010.2-0.16-0.15-0.250.050.150.48-0.28
0.00.24-0.20.060.41-0.840.18-0.03-0.930.180.070.860.140.190.470.220.590.390.410.42-1.00.14-0.04-0.420.32
-0.480.08-0.5-0.450.2-0.760.17-0.51-0.57-0.020.070.62-0.26-0.380.18-0.010.590.120.070.82-0.56-0.3-0.29-0.740.78
0.15-0.07-0.010.190.25-0.280.020.14-0.30.27-0.140.220.550.320.340.20.390.120.14-0.08-0.43-0.46-0.110.09-0.36
-0.050.21-0.360.00.76-0.45-0.21-0.03-0.3-0.02-0.390.390.10.140.77-0.160.410.070.140.0-0.360.06-0.24-0.210.18
-0.570.14-0.51-0.550.08-0.640.05-0.59-0.4-0.170.110.47-0.23-0.520.03-0.150.420.82-0.080.0-0.38-0.16-0.13-0.750.76
-0.04-0.210.14-0.1-0.370.81-0.19-0.010.93-0.21-0.07-0.82-0.18-0.23-0.43-0.25-1.0-0.56-0.43-0.36-0.38-0.150.030.38-0.24
0.50.030.550.52-0.320.190.420.53-0.260.01-0.090.1-0.210.4-0.270.050.14-0.3-0.460.06-0.16-0.150.040.28-0.11
0.130.490.030.130.230.08-0.290.12-0.03-0.130.84-0.07-0.080.170.210.15-0.04-0.29-0.11-0.24-0.130.030.040.16-0.27
0.890.00.870.85-0.320.810.190.890.40.5-0.13-0.490.230.79-0.230.48-0.42-0.740.09-0.21-0.750.380.280.16-0.76
-0.580.04-0.56-0.560.18-0.560.14-0.59-0.32-0.270.010.58-0.5-0.550.11-0.280.320.78-0.360.180.76-0.24-0.11-0.27-0.76
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TNR Gold Account Relationship Matchups

TNR Gold fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets26.9K62.2K24.5K274.0K642.2K610.1K
Total Current Liabilities352.8K401.0K315.6K7.4M35.3K33.5K
Total Stockholder Equity(5.2M)(6.1M)(7.1M)(7.1M)606.9K576.5K
Net Debt4.9M5.8M6.9M6.9M(581.7K)(552.6K)
Retained Earnings(46.3M)(47.8M)(49.8M)(50.1M)(42.2M)(44.3M)
Cash1.9K44.7K1.1K233.4K581.7K294.7K
Cash And Short Term Investments8.6K57.2K7.1K235.1K581.9K460.2K
Net Receivables3.1K3.7K3.3K2.2K5.2K4.9K
Short Term Investments6.7K12.5K6.0K1.6K217.0206.15
Liabilities And Stockholders Equity26.9K62.2K24.5K274.0K642.2K610.1K
Other Stockholder Equity5.5M5.6M5.9M6.1M(77.9K)(74.0K)
Total Liab5.3M6.2M7.2M7.4M35.3K33.5K
Total Current Assets18.3K62.2K24.5K274.0K608.4K543.9K
Short Long Term Debt Total4.9M5.8M6.9M7.2M8.2M8.7M
Accounts Payable343.9K401.0K315.6K211.9K243.6K398.3K
Non Current Liabilities Total4.7M0.04.9M5.8M6.9M7.2M
Short Term Debt5.6M9.0K6.9M7.2M8.2M8.7M
Accumulated Other Comprehensive Income5.5M5.6M5.9M6.1M6.2M4.4M
Other Current Assets6.6K1.2K14.2K36.8K21.3K23.5K
Other Current Liab1.6M343.9K315.6K211.9K35.3K33.5K
Net Tangible Assets(5.2M)(6.1M)(7.1M)(7.1M)(6.4M)(6.1M)
Short Long Term Debt4.7M5.6M6.9M7.2M8.2M5.4M
Current Deferred Revenue(1.6M)(343.9K)(7.2M)(211.9K)(190.7K)(200.2K)
Net Invested Capital(325.9K)(338.8K)(291.1K)62.1K606.9K637.2K
Net Working Capital(334.5K)(338.8K)(291.1K)(7.1M)573.1K601.7K

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Additional Tools for TNR Stock Analysis

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