Zanaga Non Current Liabilities Total vs Depreciation And Amortization Analysis

ZIOC Stock   4.00  0.16  4.17%   
Zanaga Iron financial indicator trend analysis is more than just analyzing Zanaga Iron Ore current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Zanaga Iron Ore is a good investment. Please check the relationship between Zanaga Iron Non Current Liabilities Total and its Depreciation And Amortization accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Zanaga Iron Ore. 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.

Non Current Liabilities Total vs Depreciation And Amortization

Non Current Liabilities Total vs Depreciation And Amortization Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Zanaga Iron Ore Non Current Liabilities Total account and Depreciation And Amortization. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Zanaga Iron's Non Current Liabilities Total and Depreciation And Amortization is -0.37. Overlapping area represents the amount of variation of Non Current Liabilities Total that can explain the historical movement of Depreciation And Amortization in the same time period over historical financial statements of Zanaga Iron Ore, assuming nothing else is changed. The correlation between historical values of Zanaga Iron's Non Current Liabilities Total and Depreciation And Amortization is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Current Liabilities Total of Zanaga Iron Ore are associated (or correlated) with its Depreciation And Amortization. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Depreciation And Amortization has no effect on the direction of Non Current Liabilities Total i.e., Zanaga Iron's Non Current Liabilities Total and Depreciation And Amortization go up and down completely randomly.

Correlation Coefficient

-0.37
Relationship DirectionNegative 
Relationship StrengthInsignificant

Non Current Liabilities Total

Depreciation And Amortization

The systematic reduction in the recorded value of an intangible asset. This includes the allocation of the cost of tangible assets to periods in which the assets are used, representing the expense related to the wear and tear, deterioration, or obsolescence of physical assets and intangible assets over their useful lives.
Most indicators from Zanaga Iron's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Zanaga Iron Ore 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 Zanaga Iron Ore. 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 2.3 M in 2024. Issuance Of Capital Stock is likely to drop to about 677.2 K in 2024

Zanaga Iron fundamental ratios Correlations

0.351.0-0.810.960.760.820.990.910.82-0.36-0.220.76-0.05-0.280.330.82-0.32-0.35-0.08-0.070.750.790.970.97-0.2
0.350.35-0.170.10.540.20.340.020.20.530.590.310.81-0.371.00.230.6-0.50.790.820.260.220.140.17-0.24
1.00.35-0.810.960.750.820.990.910.82-0.36-0.220.76-0.05-0.280.330.82-0.33-0.34-0.09-0.080.750.790.970.98-0.2
-0.81-0.17-0.81-0.8-0.82-1.0-0.74-0.77-1.00.180.25-0.910.220.4-0.14-1.00.270.40.370.36-0.71-0.73-0.83-0.820.04
0.960.10.96-0.80.660.80.950.960.8-0.57-0.410.73-0.26-0.250.080.79-0.57-0.23-0.32-0.320.70.840.990.99-0.14
0.760.540.75-0.820.660.840.70.630.840.040.040.960.1-0.40.520.840.01-0.4-0.020.010.830.680.70.7-0.18
0.820.20.82-1.00.80.840.740.771.0-0.16-0.220.91-0.18-0.420.181.0-0.25-0.42-0.33-0.320.710.730.830.82-0.04
0.990.340.99-0.740.950.70.740.90.74-0.39-0.210.7-0.05-0.240.330.75-0.33-0.3-0.05-0.040.730.760.960.96-0.22
0.910.020.91-0.770.960.630.770.90.77-0.56-0.450.71-0.29-0.040.00.76-0.6-0.28-0.41-0.40.790.720.960.96-0.07
0.820.20.82-1.00.80.841.00.740.77-0.16-0.220.91-0.18-0.420.181.0-0.25-0.42-0.33-0.320.710.730.830.82-0.04
-0.360.53-0.360.18-0.570.04-0.16-0.39-0.56-0.160.85-0.120.650.00.54-0.140.89-0.310.540.58-0.13-0.53-0.51-0.5-0.03
-0.220.59-0.220.25-0.410.04-0.22-0.21-0.45-0.220.85-0.170.7-0.070.6-0.20.79-0.270.630.66-0.16-0.38-0.39-0.38-0.1
0.760.310.76-0.910.730.960.910.70.710.91-0.12-0.17-0.13-0.380.280.91-0.19-0.32-0.27-0.250.840.730.770.77-0.13
-0.050.81-0.050.22-0.260.1-0.18-0.05-0.29-0.180.650.7-0.13-0.10.81-0.150.58-0.540.750.79-0.1-0.14-0.22-0.20.08
-0.28-0.37-0.280.4-0.25-0.4-0.42-0.24-0.04-0.420.0-0.07-0.38-0.1-0.36-0.42-0.060.15-0.19-0.170.11-0.64-0.23-0.240.19
0.331.00.33-0.140.080.520.180.330.00.180.540.60.280.81-0.360.20.61-0.480.810.840.240.20.120.14-0.24
0.820.230.82-1.00.790.841.00.750.761.0-0.14-0.20.91-0.15-0.420.2-0.23-0.43-0.31-0.30.720.730.830.82-0.04
-0.320.6-0.330.27-0.570.01-0.25-0.33-0.6-0.250.890.79-0.190.58-0.060.61-0.23-0.150.770.77-0.19-0.51-0.53-0.51-0.08
-0.35-0.5-0.340.4-0.23-0.4-0.42-0.3-0.28-0.42-0.31-0.27-0.32-0.540.15-0.48-0.43-0.15-0.18-0.21-0.32-0.15-0.27-0.26-0.24
-0.080.79-0.090.37-0.32-0.02-0.33-0.05-0.41-0.330.540.63-0.270.75-0.190.81-0.310.77-0.181.0-0.24-0.21-0.31-0.29-0.18
-0.070.82-0.080.36-0.320.01-0.32-0.04-0.4-0.320.580.66-0.250.79-0.170.84-0.30.77-0.211.0-0.2-0.21-0.3-0.27-0.2
0.750.260.75-0.710.70.830.710.730.790.71-0.13-0.160.84-0.10.110.240.72-0.19-0.32-0.24-0.20.460.740.74-0.12
0.790.220.79-0.730.840.680.730.760.720.73-0.53-0.380.73-0.14-0.640.20.73-0.51-0.15-0.21-0.210.460.820.82-0.14
0.970.140.97-0.830.990.70.830.960.960.83-0.51-0.390.77-0.22-0.230.120.83-0.53-0.27-0.31-0.30.740.821.0-0.15
0.970.170.98-0.820.990.70.820.960.960.82-0.5-0.380.77-0.2-0.240.140.82-0.51-0.26-0.29-0.270.740.821.0-0.17
-0.2-0.24-0.20.04-0.14-0.18-0.04-0.22-0.07-0.04-0.03-0.1-0.130.080.19-0.24-0.04-0.08-0.24-0.18-0.2-0.12-0.14-0.15-0.17
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Zanaga Iron Account Relationship Matchups

Zanaga Iron fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets38.3M37.8M37.9M86.4M88.0M88.5M
Total Current Liabilities175K184K153K1.1M2.1M2.2M
Total Stockholder Equity38.1M37.6M37.7M85.2M85.8M88.0M
Net Debt(755K)(352K)(387K)190K901K946.1K
Retained Earnings(232.8M)(234.6M)(236.5M)(228.4M)(231.1M)(242.7M)
Accounts Payable175K184K153K279K423K320.2K
Cash755K352K387K310K899K854.1K
Non Current Assets Total37.5M37.4M37.3M86.0M85.9M77.7M
Non Currrent Assets Other37.5M(37.5K)(37.4K)(37.3K)(33.5K)(31.9K)
Cash And Short Term Investments755K352K387K310K899K854.1K
Common Stock Shares Outstanding286.0M293.0M307.0M318.8M645.0M326.1M
Liabilities And Stockholders Equity38.3M37.8M37.9M86.4M88.0M88.5M
Non Current Liabilities Total175K184K153K104K93.6K88.9K
Other Current Assets48K58K233K113K1.2M1.3M
Total Liab175K184K153K1.2M2.2M2.3M
Total Current Assets803K410K620K423K2.1M2.0M
Common Stock267.6M268.9M270.9M313.7M317.0M295.7M
Accumulated Other Comprehensive Income3.3K3.3K3.3K(69.0)(69K)(65.6K)
Net Tangible Assets39.4M38.1M37.6M37.7M34.0M51.3M
Net Invested Capital38.1M37.6M37.7M85.6M87.5M57.7M
Net Working Capital628K226K467K(697K)(27K)(25.7K)
Capital Stock267.6M268.9M270.9M313.7M317.0M312.6M

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