SilverCrest Short Term Investments vs Total Current Liabilities Analysis

0VHI Stock   14.21  0.03  0.21%   
SilverCrest Metals financial indicator trend analysis is much more than just breaking down SilverCrest Metals prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether SilverCrest Metals is a good investment. Please check the relationship between SilverCrest Metals Short Term Investments and its Total Current Liabilities accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in SilverCrest Metals. 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.
For more information on how to buy SilverCrest Stock please use our How to Invest in SilverCrest Metals guide.

Short Term Investments vs Total Current Liabilities

Short Term Investments vs Total Current Liabilities Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of SilverCrest Metals Short Term Investments account and Total Current Liabilities. At this time, the significance of the direction appears to have strong relationship.
The correlation between SilverCrest Metals' Short Term Investments and Total Current Liabilities is 0.65. Overlapping area represents the amount of variation of Short Term Investments that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of SilverCrest Metals, assuming nothing else is changed. The correlation between historical values of SilverCrest Metals' Short Term Investments and Total Current Liabilities is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Short Term Investments of SilverCrest Metals are associated (or correlated) with its Total Current Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Liabilities has no effect on the direction of Short Term Investments i.e., SilverCrest Metals' Short Term Investments and Total Current Liabilities go up and down completely randomly.

Correlation Coefficient

0.65
Relationship DirectionPositive 
Relationship StrengthSignificant

Short Term Investments

Short Term Investments is an item under the current assets section of SilverCrest Metals balance sheet. It contains any investments SilverCrest Metals undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that SilverCrest Metals can easily liquidate in the marketplace.

Total Current Liabilities

Total Current Liabilities is an item on SilverCrest Metals balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of SilverCrest Metals are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.
Most indicators from SilverCrest Metals' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into SilverCrest Metals 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in SilverCrest Metals. 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.
For more information on how to buy SilverCrest Stock please use our How to Invest in SilverCrest Metals guide.Selling General Administrative is likely to gain to about 16.5 M in 2024, whereas Tax Provision is likely to drop slightly above 90.4 K in 2024.
 2021 2022 2023 2024 (projected)
Interest Expense27K3.4M2.0M2.1M
Depreciation And Amortization74.0K2.8M21.3M22.4M

SilverCrest Metals fundamental ratios Correlations

0.890.921.00.97-0.67-0.510.510.710.980.870.970.710.960.890.760.840.840.840.870.90.950.971.00.490.82
0.890.920.910.96-0.36-0.130.120.350.960.60.840.350.960.650.560.870.70.640.590.680.970.960.880.240.94
0.920.920.950.95-0.51-0.230.430.430.950.710.920.430.940.740.650.930.760.630.670.740.90.950.920.180.95
1.00.910.950.97-0.68-0.440.490.670.980.830.970.670.960.870.760.880.820.790.840.870.950.970.990.410.85
0.970.960.950.97-0.49-0.390.390.551.00.80.950.540.990.830.680.830.820.80.760.850.981.00.970.440.91
-0.67-0.36-0.51-0.68-0.490.57-0.65-0.89-0.51-0.67-0.64-0.89-0.45-0.72-0.74-0.56-0.54-0.55-0.84-0.68-0.46-0.49-0.66-0.35-0.24
-0.51-0.13-0.23-0.44-0.390.57-0.77-0.84-0.38-0.82-0.52-0.84-0.37-0.77-0.550.0-0.48-0.8-0.76-0.76-0.34-0.37-0.54-0.88-0.05
0.510.120.430.490.39-0.65-0.770.690.40.770.610.680.350.720.620.260.540.550.660.660.260.370.530.440.19
0.710.350.430.670.55-0.89-0.840.690.550.830.681.00.510.840.710.380.620.810.930.830.530.530.710.730.19
0.980.960.950.981.0-0.51-0.380.40.550.80.960.550.990.830.690.850.820.790.760.840.981.00.980.420.91
0.870.60.710.830.8-0.67-0.820.770.830.80.890.830.780.990.770.520.810.930.940.980.740.790.880.720.56
0.970.840.920.970.95-0.64-0.520.610.680.960.890.680.920.890.730.820.910.840.840.890.910.950.970.490.8
0.710.350.430.670.54-0.89-0.840.681.00.550.830.680.50.830.70.370.620.810.930.820.530.530.710.730.18
0.960.960.940.960.99-0.45-0.370.350.510.990.780.920.50.80.640.820.760.780.730.830.980.990.960.410.93
0.890.650.740.870.83-0.72-0.770.720.840.830.990.890.830.80.840.570.80.910.950.990.770.810.90.660.59
0.760.560.650.760.68-0.74-0.550.620.710.690.770.730.70.640.840.560.660.620.760.750.60.660.750.380.51
0.840.870.930.880.83-0.560.00.260.380.850.520.820.370.820.570.560.650.440.580.570.820.850.81-0.030.86
0.840.70.760.820.82-0.54-0.480.540.620.820.810.910.620.760.80.660.650.770.740.780.770.80.830.510.63
0.840.640.630.790.8-0.55-0.80.550.810.790.930.840.810.780.910.620.440.770.90.950.80.790.860.860.51
0.870.590.670.840.76-0.84-0.760.660.930.760.940.840.930.730.950.760.580.740.90.960.730.750.870.670.48
0.90.680.740.870.85-0.68-0.760.660.830.840.980.890.820.830.990.750.570.780.950.960.810.830.910.70.61
0.950.970.90.950.98-0.46-0.340.260.530.980.740.910.530.980.770.60.820.770.80.730.810.990.950.460.88
0.970.960.950.971.0-0.49-0.370.370.531.00.790.950.530.990.810.660.850.80.790.750.830.990.970.410.91
1.00.880.920.990.97-0.66-0.540.530.710.980.880.970.710.960.90.750.810.830.860.870.910.950.970.520.82
0.490.240.180.410.44-0.35-0.880.440.730.420.720.490.730.410.660.38-0.030.510.860.670.70.460.410.520.07
0.820.940.950.850.91-0.24-0.050.190.190.910.560.80.180.930.590.510.860.630.510.480.610.880.910.820.07
Click cells to compare fundamentals

SilverCrest Metals Account Relationship Matchups

SilverCrest Metals fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets98.0M191.7M369.0M355.3M460.2M483.2M
Other Current Liab(1.0M)(3.6M)7.4M10.1M15.2M15.9M
Total Current Liabilities3.9M13.6M10.6M36.9M51.8M54.4M
Total Stockholder Equity93.8M149M268.3M277.0M402.3M422.4M
Property Plant And Equipment Net6.3M39.0M165.7M228.1M246.7M259.1M
Net Debt(84.1M)(105.9M)(88.9M)(794K)(85.7M)(81.4M)
Retained Earnings(75.5M)(134.8M)(157.4M)(126.0M)(12.4M)(13.0M)
Accounts Payable4.8M13.4M3.0M7.6M2.9M4.2M
Cash84.5M135.1M176.5M50.8M86.0M71.3M
Non Current Assets Total11.4M51.3M178.9M243.6M281.6M295.7M
Non Currrent Assets Other5.0M12.3M13.2M15.5M12.2M7.7M
Cash And Short Term Investments84.5M135.1M176.5M50.8M86.0M71.9M
Net Receivables2.2M687K10.3M16.2M16.4M17.2M
Common Stock Shares Outstanding88.6M123.0M142.6M152.2M146.9M103.4M
Liabilities And Stockholders Equity98.0M191.7M369.0M355.3M460.2M483.2M
Other Current Assets473K4.6M3.3M4.7M26.4M27.7M
Other Stockholder Equity(8.1M)9.0M9.8M10.9M11.3M11.9M
Total Liab4.2M42.7M100.7M78.4M57.8M34.9M
Total Current Assets86.6M140.4M190.1M111.8M178.5M93.3M
Accumulated Other Comprehensive Income16.8M8.9M14.2M(13.8M)(3.5M)(3.4M)
Common Stock160.6M265.9M401.7M405.8M406.9M213.7M
Inventory2.0(2.3M)(2.1M)40.2M49.8M52.3M
Property Plant Equipment6.4M39.0M165.7M228.1M262.3M275.4M
Net Tangible Assets94.3M149M268.3M277.0M318.5M334.5M

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