ZincX Begin Period Cash Flow vs Net Income Analysis

ZNX Stock  CAD 0.08  0.01  11.11%   
ZincX Resources financial indicator trend analysis is more than just analyzing ZincX Resources Corp current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether ZincX Resources Corp is a good investment. Please check the relationship between ZincX Resources Begin Period Cash Flow and its Net Income accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in ZincX Resources Corp. 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.

Begin Period Cash Flow vs Net Income

Begin Period Cash Flow vs Net Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of ZincX Resources Corp Begin Period Cash Flow account and Net Income. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between ZincX Resources' Begin Period Cash Flow and Net Income is -0.68. Overlapping area represents the amount of variation of Begin Period Cash Flow that can explain the historical movement of Net Income in the same time period over historical financial statements of ZincX Resources Corp, assuming nothing else is changed. The correlation between historical values of ZincX Resources' Begin Period Cash Flow and Net Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Begin Period Cash Flow of ZincX Resources Corp are associated (or correlated) with its Net Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income has no effect on the direction of Begin Period Cash Flow i.e., ZincX Resources' Begin Period Cash Flow and Net Income go up and down completely randomly.

Correlation Coefficient

-0.68
Relationship DirectionNegative 
Relationship StrengthWeak

Begin Period Cash Flow

The amount of cash a company has at the beginning of a financial reporting period. It serves as the starting point for calculating the period's cash flow from operations, investing, and financing activities.

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in ZincX Resources Corp financial statement analysis. It represents the amount of money remaining after all of ZincX Resources Corp operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.
Most indicators from ZincX Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into ZincX Resources Corp 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 ZincX Resources Corp. 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.
Tax Provision is likely to drop to about (24.1 K) in 2024. Selling General Administrative is likely to drop to about 415.2 K in 2024
 2021 2022 2023 2024 (projected)
Interest Income13.0K33.7K30.3K48.8K
Net Interest Income8.4K33.7K30.3K45.8K

ZincX Resources fundamental ratios Correlations

1.0-0.57-0.24-0.58-0.89-0.810.010.85-0.780.710.77-0.47-0.49-0.7-0.380.71-0.88-0.360.26-0.49-0.890.47-0.450.68-0.57
1.0-0.59-0.25-0.57-0.89-0.820.020.85-0.780.710.77-0.47-0.49-0.7-0.370.7-0.88-0.350.28-0.49-0.890.47-0.450.67-0.56
-0.57-0.590.540.550.630.93-0.38-0.760.52-0.74-0.670.560.560.670.51-0.560.550.520.050.560.63-0.570.55-0.520.5
-0.24-0.250.540.650.470.520.35-0.550.51-0.72-0.660.770.770.290.77-0.660.370.740.040.770.44-0.840.77-0.660.63
-0.58-0.570.550.650.740.660.25-0.750.73-0.78-0.80.980.980.540.96-0.870.650.960.430.980.71-0.740.98-0.860.85
-0.89-0.890.630.470.740.830.27-0.880.9-0.78-0.840.670.680.750.58-0.790.950.57-0.110.680.94-0.590.65-0.810.8
-0.81-0.820.930.520.660.83-0.21-0.910.74-0.83-0.810.630.640.80.55-0.710.780.55-0.060.640.84-0.620.61-0.670.63
0.010.02-0.380.350.250.27-0.21-0.070.39-0.09-0.210.270.270.020.27-0.270.320.25-0.040.270.21-0.230.27-0.30.33
0.850.85-0.76-0.55-0.75-0.88-0.91-0.07-0.870.940.97-0.71-0.72-0.82-0.630.9-0.89-0.62-0.04-0.72-0.910.78-0.690.84-0.72
-0.78-0.780.520.510.730.90.740.39-0.87-0.73-0.840.660.670.850.56-0.790.940.56-0.070.670.97-0.580.64-0.80.8
0.710.71-0.74-0.72-0.78-0.78-0.83-0.090.94-0.730.98-0.8-0.81-0.63-0.750.95-0.73-0.74-0.15-0.81-0.760.94-0.790.9-0.75
0.770.77-0.67-0.66-0.8-0.84-0.81-0.210.97-0.840.98-0.79-0.8-0.71-0.730.97-0.83-0.72-0.12-0.8-0.850.89-0.780.92-0.79
-0.47-0.470.560.770.980.670.630.27-0.710.66-0.8-0.791.00.460.99-0.860.560.990.441.00.62-0.811.0-0.850.84
-0.49-0.490.560.770.980.680.640.27-0.720.67-0.81-0.81.00.460.99-0.870.570.990.431.00.64-0.821.0-0.850.84
-0.7-0.70.670.290.540.750.80.02-0.820.85-0.63-0.710.460.460.35-0.580.830.360.00.460.88-0.390.43-0.530.56
-0.38-0.370.510.770.960.580.550.27-0.630.56-0.75-0.730.990.990.35-0.820.461.00.50.990.52-0.81.0-0.80.79
0.710.7-0.56-0.66-0.87-0.79-0.71-0.270.9-0.790.950.97-0.86-0.87-0.58-0.82-0.76-0.81-0.25-0.87-0.770.91-0.850.96-0.82
-0.88-0.880.550.370.650.950.780.32-0.890.94-0.73-0.830.560.570.830.46-0.760.45-0.150.570.96-0.520.54-0.710.66
-0.36-0.350.520.740.960.570.550.25-0.620.56-0.74-0.720.990.990.361.0-0.810.450.540.990.51-0.780.99-0.790.79
0.260.280.050.040.43-0.11-0.06-0.04-0.04-0.07-0.15-0.120.440.430.00.5-0.25-0.150.540.43-0.13-0.220.45-0.20.24
-0.49-0.490.560.770.980.680.640.27-0.720.67-0.81-0.81.01.00.460.99-0.870.570.990.430.63-0.821.0-0.850.84
-0.89-0.890.630.440.710.940.840.21-0.910.97-0.76-0.850.620.640.880.52-0.770.960.51-0.130.63-0.550.6-0.770.75
0.470.47-0.57-0.84-0.74-0.59-0.62-0.230.78-0.580.940.89-0.81-0.82-0.39-0.80.91-0.52-0.78-0.22-0.82-0.55-0.810.86-0.7
-0.45-0.450.550.770.980.650.610.27-0.690.64-0.79-0.781.01.00.431.0-0.850.540.990.451.00.6-0.81-0.830.82
0.680.67-0.52-0.66-0.86-0.81-0.67-0.30.84-0.80.90.92-0.85-0.85-0.53-0.80.96-0.71-0.79-0.2-0.85-0.770.86-0.83-0.93
-0.57-0.560.50.630.850.80.630.33-0.720.8-0.75-0.790.840.840.560.79-0.820.660.790.240.840.75-0.70.82-0.93
Click cells to compare fundamentals

ZincX Resources Account Relationship Matchups

ZincX Resources fundamental ratios Accounts

201920202021202220232024 (projected)
Other Current Liab621.8K1.4M2.0M1.4M1.6M1.1M
Total Current Liabilities1.5M2.1M1.5M1.5M1.7M1.2M
Other Liab1.6M1.8M1.8M1.8M1.6M1.4M
Net Tangible Assets76.5M75.7M76.4M75.5M68.0M61.0M
Retained Earnings(41.3M)(42.1M)(42.9M)(94.9M)(85.4M)(81.1M)
Accounts Payable25.0K24.4K10.0K11.5K10.3K9.8K
Net Receivables32.8K8.7K51.4K9.2K8.3K7.9K
Other Stockholder Equity14.9M15.1M15.1M15.1M17.4M15.9M
Total Current Assets2.7M3.2M875.5K1.3M1.2M1.1M
Common Stock101.8M101.9M103.3M103.3M118.8M111.5M
Property Plant Equipment75.0M76.0M76.8M77.6M89.3M81.7M
Total Assets79.0M80.3M78.8M26.1M23.5M22.3M
Total Stockholder Equity75.7M76.4M75.5M24.6M22.1M21.0M
Cash208.9K3.1M804.8K1.3M1.1M1.3M
Non Current Assets Total76.3M77.1M77.9M24.8M22.3M21.2M
Common Stock Shares Outstanding170.3M177.9M177.9M187.9M216.1M190.4M
Non Current Liabilities Total1.8M1.8M1.8M38.1K34.3K32.5K
Total Liab3.4M3.9M3.3M1.5M1.7M3.0M
Net Invested Capital75.7M76.4M75.6M24.6M22.2M21.1M
Net Working Capital1.2M1.1M(589.1K)(158.2K)(142.4K)(135.3K)

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