Adamera Net Tangible Assets vs Net Working Capital Analysis

ADZ Stock  CAD 0.17  0.02  10.53%   
Adamera Minerals financial indicator trend analysis is way more than just evaluating Adamera Minerals Corp prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Adamera Minerals Corp is a good investment. Please check the relationship between Adamera Minerals Net Tangible Assets and its Net Working Capital accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Adamera Minerals 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.

Net Tangible Assets vs Net Working Capital

Net Tangible Assets vs Net Working Capital Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Adamera Minerals Corp Net Tangible Assets account and Net Working Capital. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Adamera Minerals' Net Tangible Assets and Net Working Capital is -0.22. Overlapping area represents the amount of variation of Net Tangible Assets that can explain the historical movement of Net Working Capital in the same time period over historical financial statements of Adamera Minerals Corp, assuming nothing else is changed. The correlation between historical values of Adamera Minerals' Net Tangible Assets and Net Working Capital 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 Tangible Assets of Adamera Minerals Corp are associated (or correlated) with its Net Working Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Working Capital has no effect on the direction of Net Tangible Assets i.e., Adamera Minerals' Net Tangible Assets and Net Working Capital go up and down completely randomly.

Correlation Coefficient

-0.22
Relationship DirectionNegative 
Relationship StrengthInsignificant

Net Tangible Assets

The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.

Net Working Capital

Most indicators from Adamera Minerals' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Adamera Minerals 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Adamera Minerals 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.
At this time, Adamera Minerals' Selling General Administrative is fairly stable compared to the past year. Issuance Of Capital Stock is likely to climb to about 1.2 M in 2024, despite the fact that Enterprise Value Over EBITDA is likely to grow to (17.6 K).
 2021 2022 2023 2024 (projected)
Total Operating Expenses763.1K1.1M706.1K935.3K
Cost Of Revenue15.0K14.8K14.6K13.6K

Adamera Minerals fundamental ratios Correlations

-0.280.490.990.960.48-0.82-0.10.090.98-0.20.170.86-0.840.780.420.90.840.70.730.960.950.580.91-0.010.75
-0.280.41-0.29-0.110.35-0.170.7-0.64-0.150.39-0.58-0.150.22-0.11-0.64-0.04-0.12-0.6-0.13-0.09-0.2-0.57-0.09-0.290.18
0.490.410.430.570.76-0.590.34-0.490.580.12-0.420.58-0.40.72-0.220.440.490.260.420.530.420.240.53-0.030.51
0.99-0.290.430.960.44-0.81-0.090.10.97-0.210.180.83-0.830.710.420.910.80.690.720.960.960.550.9-0.050.75
0.96-0.110.570.960.63-0.86-0.03-0.180.99-0.24-0.110.8-0.840.690.150.880.720.650.610.960.950.530.84-0.230.72
0.480.350.760.440.63-0.620.08-0.760.63-0.28-0.70.56-0.570.62-0.480.480.520.260.10.540.460.340.43-0.430.44
-0.82-0.17-0.59-0.81-0.86-0.62-0.240.24-0.850.130.1-0.820.8-0.61-0.11-0.93-0.74-0.41-0.57-0.94-0.8-0.38-0.80.35-0.84
-0.10.70.34-0.09-0.030.08-0.24-0.25-0.060.57-0.160.080.15-0.08-0.190.20.01-0.620.150.04-0.03-0.450.09-0.150.37
0.09-0.64-0.490.1-0.18-0.760.24-0.25-0.120.140.980.030.110.00.920.010.130.180.37-0.050.00.070.130.65-0.01
0.98-0.150.580.970.990.63-0.85-0.06-0.12-0.23-0.050.83-0.840.760.210.880.790.670.640.960.950.560.87-0.140.73
-0.20.390.12-0.21-0.24-0.280.130.570.14-0.230.17-0.230.6-0.120.05-0.13-0.16-0.320.19-0.18-0.25-0.52-0.020.450.1
0.17-0.58-0.420.18-0.11-0.70.1-0.160.98-0.050.170.140.010.070.960.140.230.180.480.040.060.060.240.630.14
0.86-0.150.580.830.80.56-0.820.080.030.83-0.230.14-0.840.820.40.890.910.450.650.850.810.520.88-0.10.84
-0.840.22-0.4-0.83-0.84-0.570.80.150.11-0.840.60.01-0.84-0.63-0.23-0.84-0.73-0.56-0.55-0.85-0.84-0.53-0.780.33-0.69
0.78-0.110.720.710.690.62-0.61-0.080.00.76-0.120.070.82-0.630.320.630.890.60.610.70.610.560.760.260.6
0.42-0.64-0.220.420.15-0.48-0.11-0.190.920.210.050.960.4-0.230.320.360.460.350.610.280.310.260.460.570.32
0.9-0.040.440.910.880.48-0.930.20.010.88-0.130.140.89-0.840.630.360.830.420.710.950.890.370.91-0.220.92
0.84-0.120.490.80.720.52-0.740.010.130.79-0.160.230.91-0.730.890.460.830.450.650.790.720.480.860.110.79
0.7-0.60.260.690.650.26-0.41-0.620.180.67-0.320.180.45-0.560.60.350.420.450.450.60.540.730.490.230.19
0.73-0.130.420.720.610.1-0.570.150.370.640.190.480.65-0.550.610.610.710.650.450.680.630.10.860.430.75
0.96-0.090.530.960.960.54-0.940.04-0.050.96-0.180.040.85-0.850.70.280.950.790.60.680.940.50.89-0.20.81
0.95-0.20.420.960.950.46-0.8-0.030.00.95-0.250.060.81-0.840.610.310.890.720.540.630.940.440.87-0.230.76
0.58-0.570.240.550.530.34-0.38-0.450.070.56-0.520.060.52-0.530.560.260.370.480.730.10.50.440.26-0.030.05
0.91-0.090.530.90.840.43-0.80.090.130.87-0.020.240.88-0.780.760.460.910.860.490.860.890.870.260.070.92
-0.01-0.29-0.03-0.05-0.23-0.430.35-0.150.65-0.140.450.63-0.10.330.260.57-0.220.110.230.43-0.2-0.23-0.030.07-0.13
0.750.180.510.750.720.44-0.840.37-0.010.730.10.140.84-0.690.60.320.920.790.190.750.810.760.050.92-0.13
Click cells to compare fundamentals

Adamera Minerals Account Relationship Matchups

Adamera Minerals fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets5.6M7.9M9.4M9.4M8.7M5.6M
Other Current Liab69.3K69.7K69.9K93.7K539.4K566.4K
Total Current Liabilities741.7K670.4K733.7K669.9K822.4K679.7K
Total Stockholder Equity4.8M6.2M7.9M8.2M7.7M4.7M
Property Plant And Equipment Net5.0M5.4M5.9M7.3M7.4M4.3M
Net Debt47.4K617.7K(732.1K)87.8K222.4K233.6K
Retained Earnings(30.1M)(30.4M)(30.9M)(32.0M)(33.4M)(35.1M)
Accounts Payable144.1K61.2K170.1K80.8K309.2K324.6K
Cash158.4K644.7K1.8M699.0K260.4K247.4K
Non Current Assets Total5.0M6.7M7.0M8.2M8.0M4.7M
Non Currrent Assets Other(180.0K)(123.2K)(130.5K)57.7K51.9K54.5K
Cash And Short Term Investments158.4K644.7K1.9M794.0K335.4K635.4K
Net Receivables313.9K465.9K410.8K367.3K427.2K448.5K
Liabilities And Stockholders Equity5.6M7.9M9.4M9.4M8.7M5.6M
Other Stockholder Equity1.4M1.6M1.9M2.2M1.9M1.8M
Total Liab741.7K1.7M1.5M1.2M1.0M909.1K
Total Current Assets563.7K1.2M2.4M1.2M773.3K876.3K
Accumulated Other Comprehensive Income1.4M1.6M1.9M2.2M2.3M1.2M
Net Tangible Assets4.8M6.2M7.9M8.2M9.4M9.9M
Other Assets123.2K1.6M1.2M879.8K1.0M1.1M
Common Stock Shares Outstanding144.5M163.2M197.7M210.5M22.9M21.7M
Common Stock33.6M35.0M36.9M38.1M38.8M35.9M
Property Plant Equipment4.9M5.2M5.8M7.3M8.4M4.2M
Other Current Assets91.4K110.2K58.8K26.5K10.7K10.2K
Net Invested Capital4.9M6.3M8.0M8.2M7.7M6.9M
Net Working Capital(178.0K)550.4K1.7M517.9K(49.1K)(46.6K)
Capital Stock33.6M35.0M36.9M38.1M38.8M39.5M

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