CMC Cash And Short Term Investments vs Retained Earnings Analysis

CMB Stock  CAD 0.02  0.01  33.33%   
CMC Metals financial indicator trend analysis is way more than just evaluating CMC Metals prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether CMC Metals is a good investment. Please check the relationship between CMC Metals Cash And Short Term Investments and its Retained Earnings accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in CMC 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.

Cash And Short Term Investments vs Retained Earnings

Cash And Short Term Investments vs Retained Earnings Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of CMC Metals Cash And Short Term Investments account and Retained Earnings. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between CMC Metals' Cash And Short Term Investments and Retained Earnings is -0.36. Overlapping area represents the amount of variation of Cash And Short Term Investments that can explain the historical movement of Retained Earnings in the same time period over historical financial statements of CMC Metals, assuming nothing else is changed. The correlation between historical values of CMC Metals' Cash And Short Term Investments and Retained Earnings is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash And Short Term Investments of CMC Metals are associated (or correlated) with its Retained Earnings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Retained Earnings has no effect on the direction of Cash And Short Term Investments i.e., CMC Metals' Cash And Short Term Investments and Retained Earnings go up and down completely randomly.

Correlation Coefficient

-0.36
Relationship DirectionNegative 
Relationship StrengthInsignificant

Cash And Short Term Investments

Short Term Investments is an account in the current assets section of CMC Metals balance sheet. This account contains CMC Metals investments that will expire within one year. These investments include stocks and bonds that can be liquidated by CMC Metals fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.

Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.
Most indicators from CMC Metals' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into CMC 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 CMC 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.
Enterprise Value is likely to climb to about 12.8 M in 2024, whereas Selling General Administrative is likely to drop slightly above 511.5 K in 2024.

CMC Metals fundamental ratios Correlations

-0.040.960.230.52-0.02-0.110.99-0.13-0.12-0.27-0.270.780.2-0.160.210.990.130.610.120.16-0.68-0.120.020.710.29
-0.04-0.30.87-0.06-0.47-0.450.02-0.46-0.39-0.45-0.44-0.080.93-0.490.780.020.01-0.590.20.850.25-0.430.74-0.240.22
0.96-0.30.010.560.060.00.94-0.02-0.04-0.19-0.180.76-0.07-0.050.010.940.120.70.09-0.06-0.730.04-0.140.760.25
0.230.870.010.36-0.67-0.70.32-0.72-0.66-0.69-0.610.120.82-0.770.950.33-0.07-0.40.290.95-0.19-0.130.830.210.37
0.52-0.060.560.36-0.66-0.320.56-0.36-0.48-0.77-0.660.4-0.13-0.470.530.590.010.080.360.36-0.80.650.460.840.53
-0.02-0.470.06-0.67-0.660.42-0.090.460.520.940.88-0.11-0.240.58-0.8-0.12-0.130.53-0.65-0.660.25-0.39-0.82-0.3-0.43
-0.11-0.450.0-0.7-0.320.42-0.211.00.840.380.21-0.09-0.40.97-0.55-0.230.520.24-0.01-0.530.2-0.09-0.56-0.22-0.13
0.990.020.940.320.56-0.09-0.21-0.23-0.22-0.33-0.320.770.24-0.270.281.00.090.560.150.23-0.7-0.090.090.730.32
-0.13-0.46-0.02-0.72-0.360.461.0-0.230.850.430.26-0.1-0.40.98-0.58-0.250.480.24-0.04-0.570.23-0.11-0.57-0.25-0.17
-0.12-0.39-0.04-0.66-0.480.520.84-0.220.850.50.320.02-0.30.91-0.61-0.230.50.26-0.04-0.550.37-0.24-0.65-0.33-0.26
-0.27-0.45-0.19-0.69-0.770.940.38-0.330.430.50.95-0.2-0.280.55-0.82-0.36-0.190.41-0.69-0.660.39-0.31-0.79-0.48-0.47
-0.27-0.44-0.18-0.61-0.660.880.21-0.320.260.320.95-0.23-0.290.39-0.73-0.34-0.430.4-0.76-0.60.27-0.16-0.65-0.38-0.42
0.78-0.080.760.120.4-0.11-0.090.77-0.10.02-0.2-0.230.11-0.110.10.770.180.50.150.05-0.43-0.050.00.410.3
0.20.93-0.070.82-0.13-0.24-0.40.24-0.4-0.3-0.28-0.290.11-0.410.680.230.04-0.270.090.780.14-0.590.56-0.140.16
-0.16-0.49-0.05-0.77-0.470.580.97-0.270.980.910.550.39-0.11-0.41-0.67-0.290.430.3-0.1-0.630.3-0.15-0.66-0.31-0.25
0.210.780.010.950.53-0.8-0.550.28-0.58-0.61-0.82-0.730.10.68-0.670.30.02-0.40.410.96-0.30.110.870.320.52
0.990.020.940.330.59-0.12-0.231.0-0.25-0.23-0.36-0.340.770.23-0.290.30.080.540.160.24-0.71-0.060.120.750.33
0.130.010.12-0.070.01-0.130.520.090.480.5-0.19-0.430.180.040.430.020.080.040.410.040.1-0.22-0.21-0.01-0.02
0.61-0.590.7-0.40.080.530.240.560.240.260.410.40.5-0.270.3-0.40.540.04-0.21-0.39-0.550.06-0.580.51-0.08
0.120.20.090.290.36-0.65-0.010.15-0.04-0.04-0.69-0.760.150.09-0.10.410.160.41-0.210.23-0.060.130.380.210.24
0.160.85-0.060.950.36-0.66-0.530.23-0.57-0.55-0.66-0.60.050.78-0.630.960.240.04-0.390.23-0.2-0.040.770.20.48
-0.680.25-0.73-0.19-0.80.250.2-0.70.230.370.390.27-0.430.140.3-0.3-0.710.1-0.55-0.06-0.2-0.52-0.16-0.96-0.31
-0.12-0.430.04-0.130.65-0.39-0.09-0.09-0.11-0.24-0.31-0.16-0.05-0.59-0.150.11-0.06-0.220.060.13-0.04-0.520.160.480.38
0.020.74-0.140.830.46-0.82-0.560.09-0.57-0.65-0.79-0.650.00.56-0.660.870.12-0.21-0.580.380.77-0.160.160.150.37
0.71-0.240.760.210.84-0.3-0.220.73-0.25-0.33-0.48-0.380.41-0.14-0.310.320.75-0.010.510.210.2-0.960.480.150.28
0.290.220.250.370.53-0.43-0.130.32-0.17-0.26-0.47-0.420.30.16-0.250.520.33-0.02-0.080.240.48-0.310.380.370.28
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CMC Metals Account Relationship Matchups

CMC Metals fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets694.8K1.0M1.7M946.2K1.1M1.0M
Total Current Liabilities936.4K798.6K925.1K942.1K1.1M1.1M
Total Stockholder Equity(262.7K)(196.5K)178.2K(603.5K)(543.2K)(516.0K)
Net Debt(279.5K)(499.5K)(858.9K)(127.5K)(146.6K)(139.3K)
Retained Earnings(21.5M)(24.6M)(28.8M)(32.3M)(29.1M)(27.6M)
Accounts Payable228.7K283.7K394.7K433.2K498.2K523.1K
Cash300.6K524.1K891.7K166.0K190.8K269.4K
Non Current Assets Total258.2K402.3K487.5K582.2K524.0K497.8K
Cash And Short Term Investments300.6K524.1K916.7K191.0K219.6K307.6K
Net Receivables105.4K62.3K229.4K42.5K48.9K46.2K
Common Stock Shares Outstanding51.1M80.4M110.5M137.3M157.8M165.7M
Liabilities And Stockholders Equity694.8K1.0M1.7M946.2K1.1M1.0M
Other Current Assets30.5K30.7K77.6K130.5K150.1K157.6K
Other Stockholder Equity613.9K958.3K2.3M(42K)(37.8K)(35.9K)
Total Liab957.5K1.2M1.5M1.5M1.8M1.6M
Total Current Assets436.5K617.1K1.2M364.0K418.6K422.9K
Short Long Term Debt Total21.1K24.6K32.9K38.4K44.2K42.0K
Non Currrent Assets Other258.2K402.3K421.0K(42K)(48.3K)(45.9K)
Non Current Liabilities Total21.1K417.4K608.0K607.7K546.9K444.4K
Other Current Liab707.7K514.9K530.3K508.9K585.2K369.3K
Accumulated Other Comprehensive Income613.9K958.3K2.3M3.1M3.6M3.8M
Common Stock20.7M23.4M26.7M28.7M33.0M21.6M
Net Tangible Assets(1.4M)(262.7K)(196.5K)178.2K205.0K215.2K
Other Assets256.4K258.2K402.3K421.0K484.2K317.2K
Net Invested Capital(241.6K)(171.8K)211.1K(565.1K)(649.9K)(682.4K)
Net Working Capital(499.9K)(181.4K)298.7K(578.1K)(664.8K)(698.0K)
Capital Stock20.7M23.4M26.7M28.7M33.0M25.2M

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