CANEX Net Tangible Assets vs Property Plant And Equipment Net Analysis

CANX Stock  CAD 0.04  0.00  0.00%   
CANEX Metals financial indicator trend analysis is way more than just evaluating CANEX Metals prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether CANEX Metals is a good investment. Please check the relationship between CANEX Metals Net Tangible Assets and its Property Plant And Equipment Net accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in CANEX 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 interest.

Net Tangible Assets vs Property Plant And Equipment Net

Net Tangible Assets vs Property Plant And Equipment Net Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of CANEX Metals Net Tangible Assets account and Property Plant And Equipment Net. At this time, the significance of the direction appears to have almost identical trend.
The correlation between CANEX Metals' Net Tangible Assets and Property Plant And Equipment Net is 0.9. Overlapping area represents the amount of variation of Net Tangible Assets that can explain the historical movement of Property Plant And Equipment Net in the same time period over historical financial statements of CANEX Metals, assuming nothing else is changed. The correlation between historical values of CANEX Metals' Net Tangible Assets and Property Plant And Equipment Net 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 CANEX Metals are associated (or correlated) with its Property Plant And Equipment Net. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Property Plant And Equipment Net has no effect on the direction of Net Tangible Assets i.e., CANEX Metals' Net Tangible Assets and Property Plant And Equipment Net go up and down completely randomly.

Correlation Coefficient

0.9
Relationship DirectionPositive 
Relationship StrengthVery Strong

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.

Property Plant And Equipment Net

The total value of a company's physical assets (such as land, buildings, and equipment) used in operations, net of depreciation. It reflects the company's investment in assets used for production.
Most indicators from CANEX Metals' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into CANEX 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 CANEX 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 interest.
Selling General Administrative is likely to drop to about 305 K in 2024. Issuance Of Capital Stock is likely to drop to about 655.5 K in 2024
 2021 2022 2023 2024 (projected)
Reconciled Depreciation30.02.8K3.3K3.4K
Interest Income3.1K24.3K27.9K29.3K

CANEX Metals fundamental ratios Correlations

0.381.00.98-0.76-0.170.760.980.59-0.270.890.50.570.59-0.290.540.39-0.64-0.520.6-0.52-0.170.940.720.70.94
0.380.350.36-0.270.70.260.370.220.20.040.960.21-0.30.180.680.55-0.170.030.060.030.060.120.220.330.1
1.00.350.98-0.76-0.190.760.980.58-0.280.90.480.570.6-0.30.520.38-0.64-0.530.6-0.53-0.170.940.720.690.94
0.980.360.98-0.61-0.070.621.00.41-0.220.870.460.390.51-0.230.550.23-0.6-0.570.51-0.57-0.330.90.650.560.91
-0.76-0.27-0.76-0.610.42-0.99-0.61-0.930.41-0.68-0.44-0.93-0.650.41-0.32-0.710.520.17-0.710.17-0.26-0.74-0.65-0.82-0.72
-0.170.7-0.19-0.070.42-0.41-0.07-0.490.45-0.490.55-0.49-0.750.460.43-0.140.30.18-0.40.18-0.31-0.43-0.35-0.41-0.42
0.760.260.760.62-0.99-0.410.620.94-0.410.690.450.930.71-0.410.350.7-0.53-0.160.72-0.160.250.750.690.830.73
0.980.370.981.0-0.61-0.070.620.4-0.210.860.460.380.51-0.230.560.23-0.6-0.570.51-0.57-0.340.90.640.560.91
0.590.220.580.41-0.93-0.490.940.4-0.370.570.380.990.65-0.390.210.81-0.49-0.040.63-0.040.570.620.680.880.58
-0.270.2-0.28-0.220.410.45-0.41-0.21-0.37-0.370.11-0.37-0.440.970.04-0.2-0.240.21-0.310.21-0.03-0.35-0.03-0.31-0.34
0.890.040.90.87-0.68-0.490.690.860.57-0.370.170.560.76-0.380.260.32-0.69-0.690.57-0.69-0.080.990.720.720.98
0.50.960.480.46-0.440.550.450.460.380.110.170.39-0.110.10.750.64-0.260.020.320.020.080.250.390.470.22
0.570.210.570.39-0.93-0.490.930.380.99-0.370.560.390.64-0.380.20.81-0.47-0.040.67-0.040.570.60.680.870.57
0.59-0.30.60.51-0.65-0.750.710.510.65-0.440.76-0.110.64-0.460.10.26-0.51-0.210.61-0.210.130.740.720.690.73
-0.290.18-0.3-0.230.410.46-0.41-0.23-0.390.97-0.380.1-0.38-0.460.07-0.22-0.180.21-0.270.21-0.07-0.37-0.04-0.35-0.36
0.540.680.520.55-0.320.430.350.560.210.040.260.750.20.10.070.25-0.37-0.020.38-0.02-0.190.320.470.360.32
0.390.550.380.23-0.71-0.140.70.230.81-0.20.320.640.810.26-0.220.25-0.350.020.430.020.630.350.50.820.29
-0.64-0.17-0.64-0.60.520.3-0.53-0.6-0.49-0.24-0.69-0.26-0.47-0.51-0.18-0.37-0.350.37-0.410.37-0.1-0.69-0.68-0.66-0.69
-0.520.03-0.53-0.570.170.18-0.16-0.57-0.040.21-0.690.02-0.04-0.210.21-0.020.020.37-0.191.00.32-0.65-0.2-0.2-0.66
0.60.060.60.51-0.71-0.40.720.510.63-0.310.570.320.670.61-0.270.380.43-0.41-0.19-0.190.030.580.660.580.57
-0.520.03-0.53-0.570.170.18-0.16-0.57-0.040.21-0.690.02-0.04-0.210.21-0.020.020.371.0-0.190.32-0.65-0.2-0.2-0.66
-0.170.06-0.17-0.33-0.26-0.310.25-0.340.57-0.03-0.080.080.570.13-0.07-0.190.63-0.10.320.030.32-0.080.270.48-0.13
0.940.120.940.9-0.74-0.430.750.90.62-0.350.990.250.60.74-0.370.320.35-0.69-0.650.58-0.65-0.080.740.731.0
0.720.220.720.65-0.65-0.350.690.640.68-0.030.720.390.680.72-0.040.470.5-0.68-0.20.66-0.20.270.740.790.73
0.70.330.690.56-0.82-0.410.830.560.88-0.310.720.470.870.69-0.350.360.82-0.66-0.20.58-0.20.480.730.790.69
0.940.10.940.91-0.72-0.420.730.910.58-0.340.980.220.570.73-0.360.320.29-0.69-0.660.57-0.66-0.131.00.730.69
Click cells to compare fundamentals

CANEX Metals Account Relationship Matchups

CANEX Metals fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets2.5M3.9M5.8M5.9M5.3M5.6M
Total Current Liabilities98.1K186.4K93.2K59.9K68.8K72.1K
Total Stockholder Equity2.4M3.6M5.6M5.8M5.2M5.5M
Property Plant And Equipment Net1.4M2.0M4.0M5.1M4.6M4.8M
Net Debt(449.0K)(1.2M)(1.5M)(695.9K)(626.3K)(657.6K)
Retained Earnings(15.4M)(16.3M)(17.0M)(17.6M)(15.8M)(16.6M)
Cash449.0K1.2M1.5M695.9K800.3K554.2K
Non Current Assets Total1.4M2.0M4.0M5.1M4.6M4.8M
Cash And Short Term Investments1.0M1.8M1.8M785.8K903.6K696.7K
Net Receivables11.9K5.2K6.3K6.2K5.6K5.3K
Common Stock Shares Outstanding47.5M68.2M80.6M100.3M115.4M121.2M
Liabilities And Stockholders Equity2.5M3.9M5.8M5.9M5.3M5.6M
Total Liab131.4K233.7K145.1K98.2K113.0K89.8K
Total Current Assets1.0M1.9M1.8M828.1K952.3K758.1K
Common Stock15.7M17.8M20.4M21.1M24.3M14.3M
Other Current Liab58.6K45.7K48.1K51.0K58.6K34.4K
Accounts Payable39.5K140.7K45.1K8.9K10.2K20.3K
Other Stockholder Equity2.1M2.1M2.2M345.9K311.3K295.7K
Accumulated Other Comprehensive Income2.1M2.1M2.2M1.9M2.2M1.3M
Non Current Liabilities Total33.3K47.3K51.9K38.4K44.1K33.0K
Short Term Investments551.3K619.7K309.8K89.8K103.3K98.2K
Net Tangible Assets1.0M2.4M3.6M5.6M6.5M6.8M
Other Current Assets36.8K70.4K36.2K36.1K41.5K23.6K
Property Plant Equipment510.3K1.4M2.0M4.0M4.5M4.8M
Other Liab27K33.3K47.3K51.9K59.7K34.7K
Net Invested Capital2.4M3.6M5.6M5.8M6.7M7.0M
Net Working Capital950.9K1.7M1.7M768.2K883.4K1.0M
Capital Stock15.7M17.8M20.4M21.1M24.3M18.9M

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