Wealth Income Quality vs Ptb Ratio Analysis

WML Stock

CAD 0.06 0.01 14.29%

Wealth Minerals financial indicator trend analysis is more than just analyzing Wealth Minerals current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Wealth Minerals is a good investment. Please check the relationship between Wealth Minerals Income Quality and its Ptb Ratio accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Wealth Minerals. 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.

Income Quality vs Ptb Ratio

Income Quality vs Ptb Ratio Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Wealth Minerals Income Quality account and Ptb Ratio. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between Wealth Minerals' Income Quality and Ptb Ratio is -0.05. Overlapping area represents the amount of variation of Income Quality that can explain the historical movement of Ptb Ratio in the same time period over historical financial statements of Wealth Minerals, assuming nothing else is changed. The correlation between historical values of Wealth Minerals' Income Quality and Ptb Ratio is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Income Quality of Wealth Minerals are associated (or correlated) with its Ptb Ratio. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Ptb Ratio has no effect on the direction of Income Quality i.e., Wealth Minerals' Income Quality and Ptb Ratio go up and down completely randomly.

Correlation Coefficient

-0.05

Relationship Direction	Negative
Relationship Strength	Insignificant

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Income Quality

An assessment of the sustainability of a company's earnings over time, considering factors like revenue source diversification and cost structure.

Ptb Ratio

Price-to-Book ratio, a financial valuation metric used to compare a company's current market price to its book value. It provides insight into the value that market participants place on the company's equity relative to its net asset value.

Most indicators from Wealth Minerals' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Wealth Minerals 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 Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Wealth Minerals. 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, Wealth Minerals' Issuance Of Capital Stock is fairly stable compared to the past year. Enterprise Value is likely to climb to about 67.9 M in 2024, whereas Selling General Administrative is likely to drop slightly above 4.6 M in 2024.

Wealth Minerals fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Stockholder Equity	Total Liab	Total Current Assets	Other Current Assets	Inventory	Short Long Term Debt Total	Short Term Debt	Net Tangible Assets	Short Long Term Debt	Common Stock	Property Plant Equipment
Total Assets		-0.3	-0.16	1.0	0.99	-0.66	-0.92	0.45	0.8	1.0	-0.12	0.8	0.29	0.93	-0.06	0.45	0.11	0.83	0.78	-0.59	-0.22	-0.22	0.99	-0.23	0.93	0.91
Other Current Liab	-0.3		0.18	-0.3	-0.35	0.13	0.17	-0.18	-0.13	-0.32	-0.1	-0.11	0.39	-0.09	-0.03	0.39	-0.04	-0.09	-0.13	-0.18	-0.33	-0.33	-0.37	-0.32	-0.25	-0.39
Total Current Liabilities	-0.16	0.18		-0.23	-0.1	0.72	-0.06	0.68	-0.48	-0.13	0.45	-0.47	0.1	-0.21	-0.1	0.15	0.64	-0.44	-0.06	0.02	0.5	0.5	-0.17	0.5	-0.11	-0.06
Total Stockholder Equity	1.0	-0.3	-0.23		0.98	-0.69	-0.9	0.39	0.81	0.99	-0.15	0.82	0.27	0.94	-0.11	0.43	0.02	0.84	0.77	-0.61	-0.25	-0.25	0.99	-0.25	0.92	0.9
Property Plant And Equipment Net	0.99	-0.35	-0.1	0.98		-0.57	-0.91	0.51	0.71	1.0	-0.03	0.71	0.23	0.87	-0.09	0.44	0.14	0.74	0.78	-0.54	-0.08	-0.08	0.99	-0.09	0.92	0.94
Net Debt	-0.66	0.13	0.72	-0.69	-0.57		0.52	0.18	-0.94	-0.62	0.33	-0.93	-0.25	-0.72	-0.18	-0.24	0.26	-0.91	-0.48	0.4	0.71	0.71	-0.63	0.72	-0.59	-0.49
Retained Earnings	-0.92	0.17	-0.06	-0.9	-0.91	0.52		-0.55	-0.69	-0.92	0.14	-0.69	-0.4	-0.87	-0.05	-0.49	-0.31	-0.72	-0.71	0.5	0.18	0.18	-0.9	0.19	-0.93	-0.89
Accounts Payable	0.45	-0.18	0.68	0.39	0.51	0.18	-0.55		0.05	0.48	0.53	0.06	0.2	0.32	-0.12	0.18	0.56	0.1	0.41	-0.15	0.35	0.35	0.45	0.34	0.51	0.57
Cash	0.8	-0.13	-0.48	0.81	0.71	-0.94	-0.69	0.05		0.76	-0.3	1.0	0.34	0.88	0.13	0.34	-0.09	0.99	0.6	-0.6	-0.68	-0.68	0.75	-0.68	0.71	0.59
Non Current Assets Total	1.0	-0.32	-0.13	0.99	1.0	-0.62	-0.92	0.48	0.76		-0.1	0.76	0.27	0.91	-0.07	0.45	0.13	0.79	0.78	-0.57	-0.17	-0.17	0.99	-0.17	0.93	0.93
Non Currrent Assets Other	-0.12	-0.1	0.45	-0.15	-0.03	0.33	0.14	0.53	-0.3	-0.1		-0.31	-0.35	-0.31	-0.15	-0.1	0.17	-0.3	0.02	0.15	0.52	0.52	-0.07	0.52	-0.16	0.04
Cash And Short Term Investments	0.8	-0.11	-0.47	0.82	0.71	-0.93	-0.69	0.06	1.0	0.76	-0.31		0.35	0.89	0.1	0.34	-0.1	1.0	0.62	-0.63	-0.69	-0.69	0.75	-0.69	0.71	0.59
Net Receivables	0.29	0.39	0.1	0.27	0.23	-0.25	-0.4	0.2	0.34	0.27	-0.35	0.35		0.4	0.17	0.19	0.24	0.37	0.08	-0.25	-0.36	-0.36	0.23	-0.37	0.33	0.2
Common Stock Shares Outstanding	0.93	-0.09	-0.21	0.94	0.87	-0.72	-0.87	0.32	0.88	0.91	-0.31	0.89	0.4		-0.09	0.44	0.01	0.91	0.74	-0.72	-0.49	-0.49	0.88	-0.5	0.86	0.74
Non Current Liabilities Total	-0.06	-0.03	-0.1	-0.11	-0.09	-0.18	-0.05	-0.12	0.13	-0.07	-0.15	0.1	0.17	-0.09		0.0	0.63	0.09	-0.03	0.15	-0.27	-0.27	-0.05	-0.27	-0.02	-0.03
Other Stockholder Equity	0.45	0.39	0.15	0.43	0.44	-0.24	-0.49	0.18	0.34	0.45	-0.1	0.34	0.19	0.44	0.0		0.25	0.36	0.41	-0.32	-0.16	-0.16	0.43	-0.15	0.45	0.41
Total Liab	0.11	-0.04	0.64	0.02	0.14	0.26	-0.31	0.56	-0.09	0.13	0.17	-0.1	0.24	0.01	0.63	0.25		-0.07	0.15	0.04	0.16	0.16	0.11	0.15	0.16	0.19
Total Current Assets	0.83	-0.09	-0.44	0.84	0.74	-0.91	-0.72	0.1	0.99	0.79	-0.3	1.0	0.37	0.91	0.09	0.36	-0.07		0.67	-0.65	-0.67	-0.67	0.78	-0.68	0.74	0.61
Other Current Assets	0.78	-0.13	-0.06	0.77	0.78	-0.48	-0.71	0.41	0.6	0.78	0.02	0.62	0.08	0.74	-0.03	0.41	0.15	0.67		-0.59	-0.25	-0.25	0.77	-0.25	0.7	0.69
Inventory	-0.59	-0.18	0.02	-0.61	-0.54	0.4	0.5	-0.15	-0.6	-0.57	0.15	-0.63	-0.25	-0.72	0.15	-0.32	0.04	-0.65	-0.59		0.37	0.37	-0.54	0.38	-0.39	-0.29
Short Long Term Debt Total	-0.22	-0.33	0.5	-0.25	-0.08	0.71	0.18	0.35	-0.68	-0.17	0.52	-0.69	-0.36	-0.49	-0.27	-0.16	0.16	-0.67	-0.25	0.37		1.0	-0.12	1.0	-0.19	0.05
Short Term Debt	-0.22	-0.33	0.5	-0.25	-0.08	0.71	0.18	0.35	-0.68	-0.17	0.52	-0.69	-0.36	-0.49	-0.27	-0.16	0.16	-0.67	-0.25	0.37	1.0		-0.12	1.0	-0.19	0.05
Net Tangible Assets	0.99	-0.37	-0.17	0.99	0.99	-0.63	-0.9	0.45	0.75	0.99	-0.07	0.75	0.23	0.88	-0.05	0.43	0.11	0.78	0.77	-0.54	-0.12	-0.12		-0.12	0.92	0.94
Short Long Term Debt	-0.23	-0.32	0.5	-0.25	-0.09	0.72	0.19	0.34	-0.68	-0.17	0.52	-0.69	-0.37	-0.5	-0.27	-0.15	0.15	-0.68	-0.25	0.38	1.0	1.0	-0.12		-0.2	0.04
Common Stock	0.93	-0.25	-0.11	0.92	0.92	-0.59	-0.93	0.51	0.71	0.93	-0.16	0.71	0.33	0.86	-0.02	0.45	0.16	0.74	0.7	-0.39	-0.19	-0.19	0.92	-0.2		0.95
Property Plant Equipment	0.91	-0.39	-0.06	0.9	0.94	-0.49	-0.89	0.57	0.59	0.93	0.04	0.59	0.2	0.74	-0.03	0.41	0.19	0.61	0.69	-0.29	0.05	0.05	0.94	0.04	0.95

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Wealth Minerals Account Relationship Matchups

Wealth Minerals fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	37.6M	51.4M	55.4M	55.3M	63.6M	66.8M
Total Current Liabilities	5.0M	1.2M	680.8K	801.6K	921.8K	1.5M
Total Stockholder Equity	32.6M	43.6M	53.4M	54.5M	62.6M	65.8M
Property Plant And Equipment Net	35.0M	41.2M	43.1M	43.1M	49.5M	52.0M
Net Debt	3.3M	(3.8M)	(5.2M)	(4.7M)	(4.2M)	(4.0M)
Retained Earnings	(124.1M)	(133.5M)	(138.1M)	(148.6M)	(133.7M)	(127.0M)
Accounts Payable	984.5K	584.7K	438.2K	602.5K	692.8K	441.4K
Cash	87.9K	4.3M	5.3M	4.7M	5.4M	5.7M
Non Current Assets Total	37.3M	46.4M	49.8M	49.5M	56.9M	59.8M
Non Currrent Assets Other	137.5K	41.4M	25.1K	92.4K	106.3K	100.9K
Cash And Short Term Investments	87.9K	4.3M	5.3M	5.1M	5.8M	6.1M
Net Receivables	189.5K	175.8K	216.3K	209.7K	188.7K	156.6K
Common Stock Shares Outstanding	152.6M	207.3M	270.1M	318.6M	366.4M	384.7M
Liabilities And Stockholders Equity	37.6M	51.4M	55.4M	55.3M	63.6M	66.8M
Other Stockholder Equity	16.4M	19.0M	19.1M	21.0M	24.1M	21.1M
Total Liab	5.0M	7.8M	2.1M	863.6K	993.1K	1.9M
Total Current Assets	336.3K	4.9M	5.6M	5.8M	6.7M	7.0M
Accumulated Other Comprehensive Income	19.1M	21.0M	24.0M	26.6M	30.6M	32.2M
Other Current Assets	58.9K	511.4K	132.0K	539.4K	620.4K	651.4K
Short Long Term Debt Total	3.4M	443.4K	40K	27.1K	24.4K	23.2K
Short Term Debt	3.4M	443.4K	40K	27.1K	24.4K	23.2K
Net Tangible Assets	41.1M	35.3M	32.6M	43.6M	50.1M	52.6M
Common Stock	137.6M	156.1M	167.5M	176.4M	202.9M	119.0M
Property Plant Equipment	40.1M	41.4M	35.0M	41.2M	47.4M	24.5M
Net Invested Capital	36.0M	44.0M	53.4M	54.5M	62.7M	47.5M
Net Working Capital	(4.7M)	3.7M	4.9M	5.0M	5.8M	6.1M
Capital Stock	137.6M	156.1M	167.5M	176.4M	202.9M	165.0M

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