| XST Stock | | | 0.01 0.00 0.00% |
Xstate Resources financial indicator trend analysis is more than just analyzing Xstate Resources current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Xstate Resources is a good investment. Please check the relationship between Xstate Resources Net Debt and its Cash accounts. Check out
Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Xstate 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.
Net Debt vs Cash
Net Debt vs Cash Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Xstate Resources Net Debt account and
Cash. At this time, the significance of the direction appears to have pay attention.
The correlation between Xstate Resources' Net Debt and Cash is -0.74. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Cash in the same time period over historical financial statements of Xstate Resources, assuming nothing else is changed. The correlation between historical values of Xstate Resources' Net Debt and Cash is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Debt of Xstate Resources are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Net Debt i.e., Xstate Resources' Net Debt and Cash go up and down completely randomly.
Correlation Coefficient | -0.74 |
| Relationship Direction | Negative |
| Relationship Strength | Weak |
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.
Cash
Cash refers to the most liquid asset of Xstate Resources, which is listed under current asset account on Xstate Resources balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Xstate Resources customers. The amounts must be unrestricted with restricted cash listed in a different Xstate 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.
Most indicators from Xstate Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Xstate 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
Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Xstate 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, Xstate Resources'
Tax Provision is comparatively stable compared to the past year.
Issuance Of Capital Stock is likely to gain to about 6.1
M in 2024, whereas
Selling General Administrative is likely to drop slightly above 366.6
K in 2024.
Xstate Resources fundamental ratios Correlations
Click cells to compare fundamentals
Xstate Resources Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Xstate Resources fundamental ratios Accounts
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Additional Tools for Xstate Stock Analysis
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