Aztec Net Invested Capital vs Net Tangible Assets Analysis

AZT Stock

CAD 0.19 0.01 5.56%

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

Net Invested Capital vs Net Tangible Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Aztec Minerals Corp Net Invested Capital account and Net Tangible Assets. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Aztec Minerals' Net Invested Capital and Net Tangible Assets is 0.81. Overlapping area represents the amount of variation of Net Invested Capital that can explain the historical movement of Net Tangible Assets in the same time period over historical financial statements of Aztec Minerals Corp, assuming nothing else is changed. The correlation between historical values of Aztec Minerals' Net Invested Capital and Net Tangible Assets 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 Invested Capital of Aztec Minerals Corp are associated (or correlated) with its Net Tangible Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Tangible Assets has no effect on the direction of Net Invested Capital i.e., Aztec Minerals' Net Invested Capital and Net Tangible Assets go up and down completely randomly.

Correlation Coefficient

0.81

Relationship Direction	Positive
Relationship Strength	Strong

View All Relationships

Net Invested Capital

The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.

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.

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

Selling General Administrative is likely to climb to about 1.1 M in 2024, whereas Issuance Of Capital Stock is likely to drop slightly above 2.1 M in 2024.

	2021	2022	2023	2024 (projected)
Total Operating Expenses	1.4M	1.7M	1.9M	1.4M
Cost Of Revenue	1.7K	1.5K	848.0	805.6

Total Operating Expenses Cost Of Revenue

Aztec Minerals fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Tangible Assets	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Net Receivables	Total Liab	Total Current Assets	Common Stock	Property Plant Equipment	Common Stock Shares Outstanding	Other Stockholder Equity	Net Invested Capital	Net Working Capital	Capital Stock	Property Plant And Equipment Net	Property Plant And Equipment Gross	Other Assets
Total Assets		0.92	0.84	0.99	0.97	-0.95	0.95	0.35	0.9	0.7	0.84	0.54	0.97	0.92	0.97	0.97	0.93	-0.55	0.96	0.93	0.93	-0.44
Other Current Liab	0.92		0.67	0.9	0.98	-0.89	0.82	0.45	0.79	0.71	0.67	0.62	0.98	0.89	0.84	0.91	0.72	-0.62	0.8	0.75	0.75	-0.32
Total Current Liabilities	0.84	0.67		0.84	0.73	-0.92	0.76	0.1	0.98	0.49	1.0	0.32	0.73	0.89	0.88	0.79	0.87	-0.6	0.9	0.93	0.93	-0.84
Total Stockholder Equity	0.99	0.9	0.84		0.94	-0.94	0.92	0.31	0.9	0.64	0.84	0.49	0.95	0.9	0.97	0.94	0.94	-0.57	0.97	0.95	0.95	-0.45
Net Tangible Assets	0.97	0.98	0.73	0.94		-0.91	0.9	0.48	0.82	0.75	0.73	0.65	0.99	0.9	0.9	0.95	0.81	-0.54	0.87	0.82	0.82	-0.34
Retained Earnings	-0.95	-0.89	-0.92	-0.94	-0.91		-0.86	-0.27	-0.98	-0.68	-0.92	-0.5	-0.92	-0.99	-0.93	-0.92	-0.86	0.67	-0.93	-0.91	-0.91	0.66
Accounts Payable	0.95	0.82	0.76	0.92	0.9	-0.86		0.27	0.8	0.7	0.76	0.47	0.92	0.84	0.96	0.97	0.92	-0.36	0.94	0.9	0.91	-0.31
Cash	0.35	0.45	0.1	0.31	0.48	-0.27	0.27		0.15	0.38	0.1	0.96	0.41	0.25	0.22	0.28	0.16	0.24	0.19	0.11	0.11	0.08
Non Current Assets Total	0.9	0.79	0.98	0.9	0.82	-0.98	0.8	0.15		0.6	0.98	0.38	0.83	0.96	0.91	0.85	0.86	-0.7	0.92	0.92	0.92	-0.77
Net Receivables	0.7	0.71	0.49	0.64	0.75	-0.68	0.7	0.38	0.6		0.49	0.59	0.75	0.74	0.61	0.72	0.51	-0.36	0.59	0.53	0.53	-0.16
Total Liab	0.84	0.67	1.0	0.84	0.73	-0.92	0.76	0.1	0.98	0.49		0.32	0.73	0.89	0.88	0.79	0.87	-0.6	0.9	0.93	0.93	-0.84
Total Current Assets	0.54	0.62	0.32	0.49	0.65	-0.5	0.47	0.96	0.38	0.59	0.32		0.6	0.5	0.42	0.49	0.34	0.05	0.39	0.31	0.31	-0.11
Common Stock	0.97	0.98	0.73	0.95	0.99	-0.92	0.92	0.41	0.83	0.75	0.73	0.6		0.92	0.92	0.97	0.82	-0.55	0.89	0.83	0.83	-0.33
Property Plant Equipment	0.92	0.89	0.89	0.9	0.9	-0.99	0.84	0.25	0.96	0.74	0.89	0.5	0.92		0.9	0.91	0.8	-0.69	0.89	0.86	0.86	-0.64
Common Stock Shares Outstanding	0.97	0.84	0.88	0.97	0.9	-0.93	0.96	0.22	0.91	0.61	0.88	0.42	0.92	0.9		0.96	0.97	-0.5	1.0	0.97	0.97	-0.49
Other Stockholder Equity	0.97	0.91	0.79	0.94	0.95	-0.92	0.97	0.28	0.85	0.72	0.79	0.49	0.97	0.91	0.96		0.89	-0.5	0.94	0.89	0.89	-0.38
Net Invested Capital	0.93	0.72	0.87	0.94	0.81	-0.86	0.92	0.16	0.86	0.51	0.87	0.34	0.82	0.8	0.97	0.89		-0.42	0.99	0.98	0.98	-0.48
Net Working Capital	-0.55	-0.62	-0.6	-0.57	-0.54	0.67	-0.36	0.24	-0.7	-0.36	-0.6	0.05	-0.55	-0.69	-0.5	-0.5	-0.42		-0.51	-0.54	-0.54	0.59
Capital Stock	0.96	0.8	0.9	0.97	0.87	-0.93	0.94	0.19	0.92	0.59	0.9	0.39	0.89	0.89	1.0	0.94	0.99	-0.51		0.99	0.99	-0.52
Property Plant And Equipment Net	0.93	0.75	0.93	0.95	0.82	-0.91	0.9	0.11	0.92	0.53	0.93	0.31	0.83	0.86	0.97	0.89	0.98	-0.54	0.99		1.0	-0.6
Property Plant And Equipment Gross	0.93	0.75	0.93	0.95	0.82	-0.91	0.91	0.11	0.92	0.53	0.93	0.31	0.83	0.86	0.97	0.89	0.98	-0.54	0.99	1.0		-0.6
Other Assets	-0.44	-0.32	-0.84	-0.45	-0.34	0.66	-0.31	0.08	-0.77	-0.16	-0.84	-0.11	-0.33	-0.64	-0.49	-0.38	-0.48	0.59	-0.52	-0.6	-0.6

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Aztec Minerals Account Relationship Matchups

Aztec Minerals fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	3.0M	6.1M	8.2M	11.0M	12.5M	6.7M
Other Current Liab	2.2K	2.5K	2.2K	3.3K	3.8K	2.4K
Total Current Liabilities	97.5K	147.4K	219.1K	324.4K	455.5K	478.3K
Total Stockholder Equity	2.9M	5.0M	6.3M	10.7M	12.0M	6.1M
Net Tangible Assets	2.9M	2.9M	5.0M	6.3M	7.2M	4.0M
Retained Earnings	(3.1M)	(5.7M)	(7.0M)	(9.0M)	(10.5M)	(10.0M)
Accounts Payable	78.4K	95.3K	144.1K	219.1K	252.0K	131.4K
Cash	49.8K	1.9M	1.6M	1.5M	485.6K	934.5K
Non Current Assets Total	2.9M	4.0M	5.9M	9.1M	11.6M	12.2M
Net Receivables	115.2K	38.1K	455.9K	304.5K	106.2K	169.5K
Total Liab	97.5K	147.4K	219.1K	324.4K	455.5K	478.3K
Total Current Assets	165.0K	2.1M	2.4M	1.9M	830.9K	1.6M
Common Stock	4.8M	5.2M	9.4M	11.7M	13.5M	6.8M
Property Plant Equipment	2.2M	2.9M	4.0M	5.7M	6.6M	6.9M
Common Stock Shares Outstanding	32.7M	55.8M	65.0M	90.1M	101.6M	63.1M
Other Stockholder Equity	893.7K	798.7K	1.3M	1.6M	1.8M	1.1M
Net Invested Capital	2.9M	5.0M	6.3M	10.7M	12.0M	6.8M
Net Working Capital	67.5K	2.0M	2.1M	1.6M	375.5K	356.7K
Capital Stock	5.2M	9.4M	11.7M	18.4M	20.9M	12.9M

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