Velan Pb Ratio vs Capex To Depreciation Analysis
VLN Stock | CAD 11.10 0.15 1.33% |
Velan financial indicator trend analysis is much more than just breaking down Velan Inc prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Velan Inc is a good investment. Please check the relationship between Velan Pb Ratio and its Capex To Depreciation accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Velan Inc. 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.
Pb Ratio vs Capex To Depreciation
Pb Ratio vs Capex To Depreciation Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Velan Inc Pb Ratio account and Capex To Depreciation. At this time, the significance of the direction appears to have almost no relationship.
The correlation between Velan's Pb Ratio and Capex To Depreciation is 0.16. Overlapping area represents the amount of variation of Pb Ratio that can explain the historical movement of Capex To Depreciation in the same time period over historical financial statements of Velan Inc, assuming nothing else is changed. The correlation between historical values of Velan's Pb Ratio and Capex To 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 Pb Ratio of Velan Inc are associated (or correlated) with its Capex To Depreciation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capex To Depreciation has no effect on the direction of Pb Ratio i.e., Velan's Pb Ratio and Capex To Depreciation go up and down completely randomly.
Correlation Coefficient | 0.16 |
Relationship Direction | Positive |
Relationship Strength | Insignificant |
Pb Ratio
Capex To Depreciation
The ratio of a company's capital expenditures to its depreciation expenses, indicating how much the company is investing in physical assets relative to the aging of existing assets.Most indicators from Velan's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Velan Inc 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 Velan Inc. 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, Velan's Tax Provision is very stable compared to the past year. As of the 29th of November 2024, Enterprise Value is likely to grow to about 283.6 M, while Selling General Administrative is likely to drop about 71.2 M.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 2.8M | 2.0M | 6.8M | 7.1M | Depreciation And Amortization | 11.6M | 10.7M | 11.2M | 11.2M |
Velan fundamental ratios Correlations
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Velan Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Other Information on Investing in Velan Stock
Balance Sheet is a snapshot of the financial position of Velan Inc at a specified time, usually calculated after every quarter, six months, or one year. Velan Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Velan and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Velan currently owns. An asset can also be divided into two categories, current and non-current.