Zedcor Change In Working Capital vs Free Cash Flow Analysis

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Zedcor Energy financial indicator trend analysis is more than just analyzing Zedcor Energy current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Zedcor Energy is a good investment. Please check the relationship between Zedcor Energy Change In Working Capital and its Free Cash Flow accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Zedcor Energy. 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.

Change In Working Capital vs Free Cash Flow

Change In Working Capital vs Free Cash Flow Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Zedcor Energy Change In Working Capital account and Free Cash Flow. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Zedcor Energy's Change In Working Capital and Free Cash Flow is 0.54. Overlapping area represents the amount of variation of Change In Working Capital that can explain the historical movement of Free Cash Flow in the same time period over historical financial statements of Zedcor Energy, assuming nothing else is changed. The correlation between historical values of Zedcor Energy's Change In Working Capital and Free Cash Flow is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Change In Working Capital of Zedcor Energy are associated (or correlated) with its Free Cash Flow. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow has no effect on the direction of Change In Working Capital i.e., Zedcor Energy's Change In Working Capital and Free Cash Flow go up and down completely randomly.

Correlation Coefficient

0.54

Relationship Direction	Positive
Relationship Strength	Weak

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Change In Working Capital

The difference in the amount of working capital from one period to the next, indicating the change in a company's short-term assets and liabilities.

Free Cash Flow

The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.

Most indicators from Zedcor Energy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Zedcor Energy 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 Zedcor Energy. 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.

Zedcor Energy reported Tax Provision of (2 Million) in 2023. Enterprise Value Over EBITDA is likely to climb to 7.88 in 2024, whereas Discontinued Operations is likely to drop (2.2 M) in 2024.

	2021	2022	2023	2024 (projected)
Cost Of Revenue	7.4M	11.3M	14.1M	16.7M
Depreciation And Amortization	2.3M	3.4M	4.9M	5.5M

Cost Of Revenue Depreciation And Amortization

Zedcor Energy fundamental ratios Correlations

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Net Debt	Retained Earnings	Accounts Payable	Cash	Cash And Short Term Investments	Common Stock Shares Outstanding	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Long Term Debt Total	Property Plant And Equipment Net	Non Current Assets Total	Non Currrent Assets Other	Net Receivables	Non Current Liabilities Total	Inventory	Short Term Debt	Other Current Liab	Common Stock	Intangible Assets	Other Liab	Net Tangible Assets
Total Assets		0.36	0.97	0.66	0.32	0.58	0.2	0.2	-0.15	0.44	0.18	0.83	0.88	0.74	0.96	1.0	0.74	0.8	0.56	0.74	0.08	0.33	0.26	0.75	0.0	0.87
Total Current Liabilities	0.36		0.32	0.36	-0.05	0.07	0.11	0.11	0.05	0.69	0.73	0.36	0.43	0.38	0.29	0.33	0.61	0.04	-0.4	0.15	0.93	-0.17	0.26	0.07	-0.12	0.26
Total Stockholder Equity	0.97	0.32		0.48	0.4	0.52	0.3	0.3	-0.22	0.38	0.15	0.68	0.87	0.58	0.93	0.97	0.78	0.78	0.44	0.74	0.07	0.33	0.18	0.77	0.06	0.93
Net Debt	0.66	0.36	0.48		-0.17	0.38	-0.25	-0.25	0.21	0.47	0.22	0.94	0.48	0.97	0.71	0.66	0.41	0.42	0.66	0.35	0.18	0.11	0.5	0.28	-0.35	0.32
Retained Earnings	0.32	-0.05	0.4	-0.17		0.47	0.02	0.02	-0.93	0.23	0.09	0.05	0.44	-0.15	0.22	0.31	0.1	0.51	0.1	0.59	-0.22	-0.17	-0.82	0.78	0.89	0.59
Accounts Payable	0.58	0.07	0.52	0.38	0.47		-0.26	-0.26	-0.26	0.25	-0.06	0.6	0.7	0.31	0.43	0.54	0.01	0.91	0.54	0.74	-0.3	0.52	-0.18	0.74	0.47	0.38
Cash	0.2	0.11	0.3	-0.25	0.02	-0.26		1.0	0.04	-0.12	0.17	-0.1	0.27	-0.03	0.22	0.18	0.38	-0.07	-0.18	0.05	0.16	0.0	0.18	-0.08	-0.19	0.35
Cash And Short Term Investments	0.2	0.11	0.3	-0.25	0.02	-0.26	1.0		0.04	-0.12	0.17	-0.1	0.27	-0.03	0.22	0.18	0.38	-0.07	-0.18	0.05	0.16	0.0	0.18	-0.08	-0.19	0.35
Common Stock Shares Outstanding	-0.15	0.05	-0.22	0.21	-0.93	-0.26	0.04	0.04		-0.21	-0.13	0.07	-0.25	0.21	-0.07	-0.14	-0.08	-0.3	0.01	-0.41	0.15	0.33	0.84	-0.65	-0.84	-0.44
Other Current Assets	0.44	0.69	0.38	0.47	0.23	0.25	-0.12	-0.12	-0.21		0.89	0.47	0.61	0.47	0.33	0.39	0.42	0.23	-0.04	0.44	0.57	-0.12	0.0	0.39	0.11	0.39
Other Stockholder Equity	0.18	0.73	0.15	0.22	0.09	-0.06	0.17	0.17	-0.13	0.89		0.21	0.42	0.27	0.09	0.12	0.34	-0.1	-0.33	0.2	0.72	-0.31	0.01	0.06	0.02	0.19
Total Liab	0.83	0.36	0.68	0.94	0.05	0.6	-0.1	-0.1	0.07	0.47	0.21		0.72	0.95	0.82	0.81	0.47	0.67	0.72	0.57	0.09	0.25	0.39	0.5	-0.17	0.51
Total Current Assets	0.88	0.43	0.87	0.48	0.44	0.7	0.27	0.27	-0.25	0.61	0.42	0.72		0.56	0.76	0.84	0.56	0.81	0.39	0.83	0.12	0.35	0.07	0.76	0.21	0.78
Short Long Term Debt Total	0.74	0.38	0.58	0.97	-0.15	0.31	-0.03	-0.03	0.21	0.47	0.27	0.95	0.56		0.79	0.73	0.52	0.42	0.64	0.37	0.22	0.1	0.54	0.29	-0.4	0.43
Property Plant And Equipment Net	0.96	0.29	0.93	0.71	0.22	0.43	0.22	0.22	-0.07	0.33	0.09	0.82	0.76	0.79		0.98	0.77	0.69	0.6	0.63	0.06	0.2	0.34	0.62	-0.15	0.84
Non Current Assets Total	1.0	0.33	0.97	0.66	0.31	0.54	0.18	0.18	-0.14	0.39	0.12	0.81	0.84	0.73	0.98		0.75	0.78	0.57	0.7	0.06	0.31	0.28	0.73	-0.03	0.87
Non Currrent Assets Other	0.74	0.61	0.78	0.41	0.1	0.01	0.38	0.38	-0.08	0.42	0.34	0.47	0.56	0.52	0.77	0.75		0.29	0.01	0.39	0.53	-0.02	0.39	0.38	-0.27	0.78
Net Receivables	0.8	0.04	0.78	0.42	0.51	0.91	-0.07	-0.07	-0.3	0.23	-0.1	0.67	0.81	0.42	0.69	0.78	0.29		0.63	0.79	-0.32	0.55	-0.07	0.88	0.37	0.65
Non Current Liabilities Total	0.56	-0.4	0.44	0.66	0.1	0.54	-0.18	-0.18	0.01	-0.04	-0.33	0.72	0.39	0.64	0.6	0.57	0.01	0.63		0.45	-0.6	0.37	0.17	0.46	-0.06	0.32
Inventory	0.74	0.15	0.74	0.35	0.59	0.74	0.05	0.05	-0.41	0.44	0.2	0.57	0.83	0.37	0.63	0.7	0.39	0.79	0.45		-0.14	0.36	-0.17	0.79	0.36	0.75
Short Term Debt	0.08	0.93	0.07	0.18	-0.22	-0.3	0.16	0.16	0.15	0.57	0.72	0.09	0.12	0.22	0.06	0.06	0.53	-0.32	-0.6	-0.14		-0.37	0.29	-0.23	-0.26	0.06
Other Current Liab	0.33	-0.17	0.33	0.11	-0.17	0.52	0.0	0.0	0.33	-0.12	-0.31	0.25	0.35	0.1	0.2	0.31	-0.02	0.55	0.37	0.36	-0.37		0.39	0.29	-0.14	0.12
Common Stock	0.26	0.26	0.18	0.5	-0.82	-0.18	0.18	0.18	0.84	0.0	0.01	0.39	0.07	0.54	0.34	0.28	0.39	-0.07	0.17	-0.17	0.29	0.39		-0.35	-0.92	-0.04
Intangible Assets	0.75	0.07	0.77	0.28	0.78	0.74	-0.08	-0.08	-0.65	0.39	0.06	0.5	0.76	0.29	0.62	0.73	0.38	0.88	0.46	0.79	-0.23	0.29	-0.35		0.59	0.79
Other Liab	0.0	-0.12	0.06	-0.35	0.89	0.47	-0.19	-0.19	-0.84	0.11	0.02	-0.17	0.21	-0.4	-0.15	-0.03	-0.27	0.37	-0.06	0.36	-0.26	-0.14	-0.92	0.59		0.19
Net Tangible Assets	0.87	0.26	0.93	0.32	0.59	0.38	0.35	0.35	-0.44	0.39	0.19	0.51	0.78	0.43	0.84	0.87	0.78	0.65	0.32	0.75	0.06	0.12	-0.04	0.79	0.19

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Zedcor Energy Account Relationship Matchups

Zedcor Energy fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	42.2M	32.5M	19.8M	32.6M	43.0M	47.1M
Total Current Liabilities	4.9M	6.1M	6.0M	7.4M	9.5M	9.8M
Total Stockholder Equity	8.2M	4.0M	398K	8.5M	12.1M	21.8M
Net Debt	32.9M	26.1M	16.9M	20.1M	26.1M	20.4M
Retained Earnings	(104.0M)	(108.6M)	(112.5M)	(107.9M)	(105.2M)	(100.0M)
Accounts Payable	911K	1.6M	2.4M	3.4M	3.2M	2.8M
Cash	170K	761K	108K	571K	1.5M	869.8K
Cash And Short Term Investments	170K	761K	108K	571K	1.5M	869.8K
Common Stock Shares Outstanding	53.6M	55.2M	57.9M	72.9M	79.1M	83.1M
Liabilities And Stockholders Equity	42.2M	32.5M	19.8M	32.6M	43.0M	47.1M
Other Current Assets	350K	316K	170K	430K	650K	617.5K
Other Stockholder Equity	1.5M	1.6M	1.7M	1.8M	2.2M	2.1M
Total Liab	34.0M	28.5M	19.4M	24.1M	30.9M	25.3M
Total Current Assets	3.4M	4.8M	4.4M	7.5M	7.3M	8.5M
Short Long Term Debt Total	33.1M	26.9M	17.0M	20.7M	27.6M	22.6M
Property Plant And Equipment Net	37.6M	24.4M	12.4M	20.5M	31.7M	33.7M
Non Current Assets Total	38.8M	27.7M	15.4M	25.0M	35.7M	40.7M
Non Currrent Assets Other	1.2M	3.3M	109K	2.5M	179K	170.1K
Net Receivables	2.9M	3.7M	3.7M	5.2M	4.7M	5.7M
Non Current Liabilities Total	29.1M	22.4M	13.4M	16.7M	21.4M	16.4M
Accumulated Other Comprehensive Income	412K	468K	587K	1.4M	1.1M	1.1M
Short Term Debt	4.0M	4.5M	3.6M	4.0M	6.2M	6.7M
Other Current Liab	911K	1.6M	2.4M	3.4M	2.4M	1.6M
Common Stock	107.3M	107.6M	107.8M	113.2M	114.0M	102.3M
Net Tangible Assets	5.3M	1.2M	(2.5M)	8.5M	7.6M	7.3M
Other Assets	30.0M	3.4M	3.0M	4.5M	1.0	0.95
Long Term Debt	19.7M	17.1M	8.8M	11.5M	16.1M	11.9M
Short Long Term Debt	2.7M	2.9M	2.2M	2.2M	3.8M	7.4M
Property Plant Equipment	8.8M	24.4M	12.4M	20.5M	23.6M	24.8M
Capital Lease Obligations	10.7M	6.9M	6.0M	7.0M	7.7M	5.5M
Current Deferred Revenue	(911K)	(1.6M)	(2.4M)	(3.4M)	(2.4M)	(2.5M)
Net Invested Capital	27.8M	21.2M	8.6M	22.2M	32.0M	23.5M
Net Working Capital	(1.5M)	(1.2M)	(1.5M)	163K	(2.2M)	(2.3M)
Capital Stock	110.2M	110.5M	110.7M	113.2M	114.0M	122.6M

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