Adriatic Net Income vs Other Non Cash Items Analysis

ADT1 Stock

211.50 3.50 1.68%

Adriatic Metals financial indicator trend analysis is way more than just evaluating Adriatic Metals prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Adriatic Metals is a good investment. Please check the relationship between Adriatic Metals Net Income and its Other Non Cash Items accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Adriatic 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.

Net Income vs Other Non Cash Items

Net Income vs Other Non Cash Items Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Adriatic Metals Net Income account and Other Non Cash Items. At this time, the significance of the direction appears to have pay attention.

The correlation between Adriatic Metals' Net Income and Other Non Cash Items is -0.84. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Other Non Cash Items in the same time period over historical financial statements of Adriatic Metals, assuming nothing else is changed. The correlation between historical values of Adriatic Metals' Net Income and Other Non Cash Items 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 Income of Adriatic Metals are associated (or correlated) with its Other Non Cash Items. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Non Cash Items has no effect on the direction of Net Income i.e., Adriatic Metals' Net Income and Other Non Cash Items go up and down completely randomly.

Correlation Coefficient

-0.84

Relationship Direction	Negative
Relationship Strength	Significant

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Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in Adriatic Metals financial statement analysis. It represents the amount of money remaining after all of Adriatic Metals operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Other Non Cash Items

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

Selling General Administrative is likely to gain to about 10.4 M in 2024, whereas Issuance Of Capital Stock is likely to drop slightly above 28.1 M in 2024.

	2020	2022	2023	2024 (projected)
Reconciled Depreciation	175.2K	1.3M	866.1K	462.1K
Cost Of Revenue	236.5K	1.3M	866.1K	482.3K

Reconciled Depreciation Cost Of Revenue

Adriatic Metals fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Tangible Assets	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Capital Surpluse	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Net Invested Capital	Total Current Assets	Net Working Capital	Intangible Assets	Common Stock	Property Plant Equipment
Total Assets		0.36	0.84	0.81	0.97	0.95	0.31	-0.95	0.84	0.7	0.95	0.76	0.74	0.84	0.93	0.87	0.78	0.34	0.97	0.9	1.0	0.76	0.27	0.69	0.86	0.97
Other Current Liab	0.36		-0.08	0.75	0.52	0.08	-0.71	-0.07	-0.13	0.87	0.08	0.83	0.41	0.46	0.0	0.38	-0.15	0.95	0.5	-0.03	0.27	0.81	0.79	0.38	0.52	0.18
Total Current Liabilities	0.84	-0.08		0.39	0.69	0.96	0.74	-0.88	1.0	0.23	0.96	0.32	0.44	0.51	0.94	0.62	0.99	-0.1	0.7	0.98	0.88	0.29	-0.3	0.4	0.52	0.83
Total Stockholder Equity	0.81	0.75	0.39		0.92	0.6	-0.28	-0.66	0.38	0.97	0.6	0.99	0.83	0.9	0.56	0.83	0.3	0.74	0.91	0.5	0.76	0.99	0.74	0.78	0.94	0.73
Net Tangible Assets	0.97	0.52	0.69	0.92		0.85	0.08	-0.88	0.69	0.84	0.85	0.88	0.81	0.9	0.83	0.91	0.61	0.5	1.0	0.78	0.95	0.89	0.49	0.76	0.92	0.93
Property Plant And Equipment Net	0.95	0.08	0.96	0.6	0.85		0.58	-0.97	0.96	0.45	1.0	0.53	0.61	0.7	0.99	0.77	0.93	0.07	0.86	0.99	0.97	0.52	-0.03	0.56	0.71	0.95
Net Debt	0.31	-0.71	0.74	-0.28	0.08	0.58		-0.52	0.76	-0.46	0.59	-0.37	-0.08	-0.04	0.62	0.08	0.79	-0.72	0.11	0.68	0.39	-0.38	-0.79	-0.08	-0.06	0.41
Retained Earnings	-0.95	-0.07	-0.88	-0.66	-0.88	-0.97	-0.52		-0.9	-0.5	-0.97	-0.57	-0.69	-0.78	-0.98	-0.82	-0.83	-0.06	-0.89	-0.95	-0.97	-0.58	-0.1	-0.64	-0.78	-0.99
Accounts Payable	0.84	-0.13	1.0	0.38	0.69	0.96	0.76	-0.9		0.22	0.97	0.3	0.45	0.52	0.96	0.63	0.99	-0.14	0.7	0.99	0.88	0.29	-0.29	0.41	0.52	0.85
Cash	0.7	0.87	0.23	0.97	0.84	0.45	-0.46	-0.5	0.22		0.45	0.99	0.75	0.81	0.4	0.74	0.15	0.85	0.82	0.34	0.64	0.99	0.83	0.7	0.85	0.59
Non Current Assets Total	0.95	0.08	0.96	0.6	0.85	1.0	0.59	-0.97	0.97	0.45		0.52	0.61	0.69	0.99	0.77	0.93	0.06	0.86	0.99	0.97	0.52	-0.04	0.56	0.7	0.95
Cash And Short Term Investments	0.76	0.83	0.32	0.99	0.88	0.53	-0.37	-0.57	0.3	0.99	0.52		0.79	0.86	0.47	0.78	0.24	0.81	0.86	0.42	0.7	0.99	0.77	0.74	0.9	0.65
Net Receivables	0.74	0.41	0.44	0.83	0.81	0.61	-0.08	-0.69	0.45	0.75	0.61	0.79		0.89	0.58	0.93	0.39	0.45	0.78	0.53	0.72	0.79	0.52	0.98	0.94	0.71
Common Stock Shares Outstanding	0.84	0.46	0.51	0.9	0.9	0.7	-0.04	-0.78	0.52	0.81	0.69	0.86	0.89		0.68	0.93	0.43	0.53	0.9	0.62	0.81	0.87	0.57	0.83	0.96	0.82
Non Current Liabilities Total	0.93	0.0	0.94	0.56	0.83	0.99	0.62	-0.98	0.96	0.4	0.99	0.47	0.58	0.68		0.74	0.91	-0.03	0.84	0.99	0.96	0.48	-0.04	0.53	0.68	0.96
Capital Surpluse	0.87	0.38	0.62	0.83	0.91	0.77	0.08	-0.82	0.63	0.74	0.77	0.78	0.93	0.93	0.74		0.56	0.46	0.9	0.7	0.86	0.79	0.43	0.9	0.91	0.84
Inventory	0.78	-0.15	0.99	0.3	0.61	0.93	0.79	-0.83	0.99	0.15	0.93	0.24	0.39	0.43	0.91	0.56		-0.17	0.62	0.96	0.82	0.2	-0.39	0.35	0.45	0.77
Other Current Assets	0.34	0.95	-0.1	0.74	0.5	0.07	-0.72	-0.06	-0.14	0.85	0.06	0.81	0.45	0.53	-0.03	0.46	-0.17		0.49	-0.06	0.25	0.79	0.78	0.44	0.52	0.16
Other Stockholder Equity	0.97	0.5	0.7	0.91	1.0	0.86	0.11	-0.89	0.7	0.82	0.86	0.86	0.78	0.9	0.84	0.9	0.62	0.49		0.79	0.95	0.87	0.47	0.73	0.91	0.94
Total Liab	0.9	-0.03	0.98	0.5	0.78	0.99	0.68	-0.95	0.99	0.34	0.99	0.42	0.53	0.62	0.99	0.7	0.96	-0.06	0.79		0.94	0.41	-0.15	0.48	0.62	0.92
Net Invested Capital	1.0	0.27	0.88	0.76	0.95	0.97	0.39	-0.97	0.88	0.64	0.97	0.7	0.72	0.81	0.96	0.86	0.82	0.25	0.95	0.94		0.7	0.19	0.66	0.83	0.98
Total Current Assets	0.76	0.81	0.29	0.99	0.89	0.52	-0.38	-0.58	0.29	0.99	0.52	0.99	0.79	0.87	0.48	0.79	0.2	0.79	0.87	0.41	0.7		0.81	0.74	0.9	0.67
Net Working Capital	0.27	0.79	-0.3	0.74	0.49	-0.03	-0.79	-0.1	-0.29	0.83	-0.04	0.77	0.52	0.57	-0.04	0.43	-0.39	0.78	0.47	-0.15	0.19	0.81		0.5	0.59	0.22
Intangible Assets	0.69	0.38	0.4	0.78	0.76	0.56	-0.08	-0.64	0.41	0.7	0.56	0.74	0.98	0.83	0.53	0.9	0.35	0.44	0.73	0.48	0.66	0.74	0.5		0.89	0.66
Common Stock	0.86	0.52	0.52	0.94	0.92	0.71	-0.06	-0.78	0.52	0.85	0.7	0.9	0.94	0.96	0.68	0.91	0.45	0.52	0.91	0.62	0.83	0.9	0.59	0.89		0.82
Property Plant Equipment	0.97	0.18	0.83	0.73	0.93	0.95	0.41	-0.99	0.85	0.59	0.95	0.65	0.71	0.82	0.96	0.84	0.77	0.16	0.94	0.92	0.98	0.67	0.22	0.66	0.82

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Adriatic Metals Account Relationship Matchups

Adriatic Metals fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	13.2M	26.9M	177.2M	174.7M	290.9M	305.4M
Other Current Liab	(49.8K)	(308.7K)	4.4M	170.2K	195.8K	186.0K
Total Current Liabilities	221.3K	852.9K	5.6M	7.7M	76.5M	80.3M
Total Stockholder Equity	13.0M	25.7M	152.4M	107.9M	110.7M	65.9M
Net Tangible Assets	10.2M	20.9M	113.5M	107.9M	124.1M	130.3M
Property Plant And Equipment Net	5.4M	12.6M	62.5M	95.3M	229.6M	241.0M
Net Debt	(6.8M)	(11.9M)	(95.7M)	(9.9M)	95.9M	100.7M
Retained Earnings	(5.9M)	(12.5M)	(28.7M)	(73.7M)	(100.3M)	(95.3M)
Accounts Payable	134.0K	574.3K	526.5K	2.6M	13.7M	14.4M
Cash	6.8M	12.2M	112.5M	60.6M	44.9M	38.3M
Non Current Assets Total	5.9M	12.6M	62.5M	95.3M	231.2M	242.8M
Cash And Short Term Investments	6.8M	13.8M	112.5M	60.6M	69.7M	36.7M
Common Stock Shares Outstanding	162.5K	185.6M	245.7M	282.2M	292.7M	171.5M
Liabilities And Stockholders Equity	13.2M	26.9M	177.2M	174.7M	200.9M	211.0M
Non Current Liabilities Total	134.0K	314.0K	19.2M	59.1M	103.7M	108.9M
Other Current Assets	(291.8K)	451.5K	1.6M	1.0	1.15	1.09
Other Stockholder Equity	(7.0M)	35.3M	175.9M	176.3M	202.7M	212.9M
Total Liab	221.3K	1.2M	24.8M	66.8M	180.2M	189.2M
Net Invested Capital	10.2M	20.9M	125.4M	150.4M	251.5M	264.0M
Total Current Assets	7.3M	14.3M	114.7M	79.4M	59.6M	44.3M
Net Working Capital	5.6M	10.9M	80.7M	71.7M	(16.8M)	(16.0M)
Common Stock	2.5M	3.0M	5.3M	5.4M	6.2M	3.6M
Property Plant Equipment	4.7M	10.2M	47.1M	95.3M	109.6M	115.1M

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Adriatic Net Income vs Other Non Cash Items Analysis

Net Income vs Other Non Cash Items

Net Income vs Other Non Cash Items Correlation Analysis

Correlation Coefficient

Net Income

Other Non Cash Items

Adriatic Metals fundamental ratios Correlations

Adriatic Metals Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Adriatic Metals fundamental ratios Accounts

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Additional Tools for Adriatic Stock Analysis

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Net Invested Capital	+ 1.0	Total Assets
Accounts Payable	+ 1.0	Total Current Liabilities
Other Stockholder Equity	+ 1.0	Net Tangible Assets
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Inventory	+ 0.99	Total Current Liabilities
Cash And Short Term Investments	+ 0.99	Total Stockholder Equity

Property Plant Equipment	- 0.99	Retained Earnings
Non Current Liabilities Total	- 0.98	Retained Earnings
Net Invested Capital	- 0.97	Retained Earnings
Non Current Assets Total	- 0.97	Retained Earnings
Retained Earnings	- 0.97	Property Plant And Equipment Net
Total Liab	- 0.95	Retained Earnings