Cornish Retained Earnings vs Long Term Debt Analysis

CUSN Stock

8.70 0.45 5.45%

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

Retained Earnings vs Long Term Debt

Retained Earnings vs Long Term Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Cornish Metals Retained Earnings account and Long Term Debt. At this time, the significance of the direction appears to have strong contrarian relationship.

The correlation between Cornish Metals' Retained Earnings and Long Term Debt is -0.67. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Long Term Debt in the same time period over historical financial statements of Cornish Metals, assuming nothing else is changed. The correlation between historical values of Cornish Metals' Retained Earnings and Long Term Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Retained Earnings of Cornish Metals are associated (or correlated) with its Long Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Long Term Debt has no effect on the direction of Retained Earnings i.e., Cornish Metals' Retained Earnings and Long Term Debt go up and down completely randomly.

Correlation Coefficient

-0.67

Relationship Direction	Negative
Relationship Strength	Weak

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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.

Long Term Debt

Long-term debt is a debt that Cornish Metals has held for over one year. Long-term debt appears on Cornish Metals balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on Cornish Metals balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.

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

At this time, Cornish Metals' Selling General Administrative is comparatively stable compared to the past year. Tax Provision is likely to gain to about 11.6 K in 2024, whereas Issuance Of Capital Stock is likely to drop 0.00 in 2024.

Cornish Metals fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Short Term Investments	Other Current Assets	Total Liab	Total Current Assets	Common Stock	Property Plant And Equipment Net	Accounts Payable	Other Stockholder Equity	Non Currrent Assets Other	Inventory	Other Assets	Short Long Term Debt Total	Long Term Debt	Non Current Liabilities Total	Capital Surpluse
Total Assets		0.41	0.76	0.99	-0.87	-0.58	0.89	0.96	0.91	0.97	0.98	0.96	0.78	0.76	0.91	0.98	0.96	0.95	-0.26	-0.14	0.46	-0.29	-0.38	0.65	0.65	0.63
Other Current Liab	0.41		0.89	0.35	-0.26	-0.39	0.24	0.47	0.26	0.32	0.52	0.51	0.28	0.65	0.26	0.41	0.47	0.34	-0.22	-0.12	0.27	-0.26	-0.39	0.46	0.44	0.51
Total Current Liabilities	0.76	0.89		0.71	-0.54	-0.57	0.54	0.81	0.56	0.69	0.84	0.81	0.63	0.82	0.57	0.75	0.81	0.72	-0.3	-0.14	0.4	-0.34	-0.43	0.63	0.61	0.67
Total Stockholder Equity	0.99	0.35	0.71		-0.89	-0.54	0.9	0.95	0.91	0.98	0.97	0.93	0.75	0.69	0.92	0.97	0.95	0.95	-0.21	-0.11	0.38	-0.3	-0.44	0.57	0.56	0.58
Net Debt	-0.87	-0.26	-0.54	-0.89		0.45	-0.99	-0.71	-0.99	-0.86	-0.81	-0.8	-0.42	-0.51	-0.98	-0.85	-0.71	-0.73	0.2	0.09	-0.23	0.26	0.52	-0.43	-0.42	-0.49
Retained Earnings	-0.58	-0.39	-0.57	-0.54	0.45		-0.5	-0.57	-0.52	-0.51	-0.65	-0.66	-0.54	-0.7	-0.53	-0.64	-0.56	-0.57	0.36	0.21	-0.53	-0.06	-0.01	-0.67	-0.66	-0.61
Cash	0.89	0.24	0.54	0.9	-0.99	-0.5		0.74	1.0	0.87	0.84	0.85	0.48	0.59	1.0	0.88	0.74	0.76	-0.25	-0.11	0.36	-0.21	-0.39	0.53	0.53	0.53
Non Current Assets Total	0.96	0.47	0.81	0.95	-0.71	-0.57	0.74		0.76	0.94	0.97	0.93	0.87	0.78	0.77	0.94	1.0	0.97	-0.23	-0.14	0.47	-0.31	-0.34	0.65	0.64	0.63
Cash And Short Term Investments	0.91	0.26	0.56	0.91	-0.99	-0.52	1.0	0.76		0.88	0.86	0.87	0.51	0.62	1.0	0.89	0.76	0.77	-0.26	-0.12	0.38	-0.22	-0.38	0.55	0.56	0.55
Net Receivables	0.97	0.32	0.69	0.98	-0.86	-0.51	0.87	0.94	0.88		0.95	0.9	0.78	0.65	0.89	0.94	0.94	0.96	-0.25	-0.07	0.38	-0.26	-0.44	0.53	0.53	0.51
Common Stock Shares Outstanding	0.98	0.52	0.84	0.97	-0.81	-0.65	0.84	0.97	0.86	0.95		0.98	0.81	0.83	0.87	0.97	0.97	0.96	-0.32	-0.15	0.49	-0.3	-0.37	0.7	0.69	0.7
Short Term Investments	0.96	0.51	0.81	0.93	-0.8	-0.66	0.85	0.93	0.87	0.9	0.98		0.79	0.88	0.88	0.95	0.93	0.91	-0.36	-0.17	0.6	-0.22	-0.23	0.79	0.79	0.71
Other Current Assets	0.78	0.28	0.63	0.75	-0.42	-0.54	0.48	0.87	0.51	0.78	0.81	0.79		0.73	0.53	0.77	0.87	0.88	-0.33	-0.15	0.61	-0.08	-0.01	0.67	0.66	0.45
Total Liab	0.76	0.65	0.82	0.69	-0.51	-0.7	0.59	0.78	0.62	0.65	0.83	0.88	0.73		0.63	0.77	0.78	0.72	-0.45	-0.24	0.81	-0.14	0.09	0.95	0.95	0.78
Total Current Assets	0.91	0.26	0.57	0.92	-0.98	-0.53	1.0	0.77	1.0	0.89	0.87	0.88	0.53	0.63		0.9	0.77	0.79	-0.26	-0.12	0.39	-0.22	-0.38	0.56	0.57	0.56
Common Stock	0.98	0.41	0.75	0.97	-0.85	-0.64	0.88	0.94	0.89	0.94	0.97	0.95	0.77	0.77	0.9		0.94	0.93	-0.41	-0.32	0.47	-0.33	-0.34	0.67	0.67	0.65
Property Plant And Equipment Net	0.96	0.47	0.81	0.95	-0.71	-0.56	0.74	1.0	0.76	0.94	0.97	0.93	0.87	0.78	0.77	0.94		0.98	-0.24	-0.14	0.45	-0.32	-0.35	0.64	0.63	0.63
Accounts Payable	0.95	0.34	0.72	0.95	-0.73	-0.57	0.76	0.97	0.77	0.96	0.96	0.91	0.88	0.72	0.79	0.93	0.98		-0.27	-0.1	0.43	-0.3	-0.32	0.61	0.6	0.61
Other Stockholder Equity	-0.26	-0.22	-0.3	-0.21	0.2	0.36	-0.25	-0.23	-0.26	-0.25	-0.32	-0.36	-0.33	-0.45	-0.26	-0.41	-0.24	-0.27		0.7	-0.46	0.18	-0.2	-0.5	-0.51	-0.34
Non Currrent Assets Other	-0.14	-0.12	-0.14	-0.11	0.09	0.21	-0.11	-0.14	-0.12	-0.07	-0.15	-0.17	-0.15	-0.24	-0.12	-0.32	-0.14	-0.1	0.7		-0.24	0.35	-0.15	-0.3	-0.31	-0.22
Inventory	0.46	0.27	0.4	0.38	-0.23	-0.53	0.36	0.47	0.38	0.38	0.49	0.6	0.61	0.81	0.39	0.47	0.45	0.43	-0.46	-0.24		0.28	0.52	0.89	0.91	0.42
Other Assets	-0.29	-0.26	-0.34	-0.3	0.26	-0.06	-0.21	-0.31	-0.22	-0.26	-0.3	-0.22	-0.08	-0.14	-0.22	-0.33	-0.32	-0.3	0.18	0.35	0.28		0.37	-0.05	-0.04	-0.46
Short Long Term Debt Total	-0.38	-0.39	-0.43	-0.44	0.52	-0.01	-0.39	-0.34	-0.38	-0.44	-0.37	-0.23	-0.01	0.09	-0.38	-0.34	-0.35	-0.32	-0.2	-0.15	0.52	0.37		0.32	0.35	-0.01
Long Term Debt	0.65	0.46	0.63	0.57	-0.43	-0.67	0.53	0.65	0.55	0.53	0.7	0.79	0.67	0.95	0.56	0.67	0.64	0.61	-0.5	-0.3	0.89	-0.05	0.32		0.99	0.78
Non Current Liabilities Total	0.65	0.44	0.61	0.56	-0.42	-0.66	0.53	0.64	0.56	0.53	0.69	0.79	0.66	0.95	0.57	0.67	0.63	0.6	-0.51	-0.31	0.91	-0.04	0.35	0.99		0.75
Capital Surpluse	0.63	0.51	0.67	0.58	-0.49	-0.61	0.53	0.63	0.55	0.51	0.7	0.71	0.45	0.78	0.56	0.65	0.63	0.61	-0.34	-0.22	0.42	-0.46	-0.01	0.78	0.75

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Cornish Metals Account Relationship Matchups

Cornish Metals fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	15.9M	18.2M	36.1M	102.1M	104.2M	109.4M
Other Current Liab	117.2K	161.7K	6.2M	673.8K	2.0M	2.1M
Total Current Liabilities	688.9K	967.5K	6.7M	2.5M	5.1M	5.3M
Total Stockholder Equity	7.1M	8.3M	20.7M	90.5M	90.1M	94.6M
Net Debt	4.0M	5.7M	(6.9M)	(55.5M)	(25.8M)	(24.5M)
Retained Earnings	(34.3M)	(35.7M)	(38.6M)	(39.7M)	(42.4M)	(40.3M)
Cash	1.3M	353.6K	6.9M	55.5M	25.8M	27.1M
Non Current Assets Total	13.9M	15.9M	27.3M	42.9M	73.9M	77.6M
Cash And Short Term Investments	1.9M	1.4M	8.5M	58.2M	28.5M	29.9M
Net Receivables	23.4K	23.6K	107.2K	656.4K	754.9K	792.6K
Common Stock Shares Outstanding	86.8M	135.3M	267.6M	456.3M	535.3M	562.0M
Short Term Investments	547.7K	1.0M	1.6M	2.7M	2.7M	2.8M
Liabilities And Stockholders Equity	15.9M	18.2M	36.1M	102.1M	104.2M	109.4M
Other Current Assets	54.7K	905.2K	231.9K	372.0K	1.8M	1.9M
Total Liab	8.8M	9.8M	15.4M	11.6M	14.1M	14.8M
Total Current Assets	1.9M	2.3M	8.8M	59.2M	30.3M	31.8M
Common Stock	37.3M	40.7M	56.8M	128.4M	128.4M	134.8M
Property Plant And Equipment Net	13.9M	15.9M	27.2M	42.8M	73.8M	77.5M
Accounts Payable	493.1K	785.5K	426.5K	1.8M	3.0M	3.2M
Other Stockholder Equity	3.9M	3.0M	2.6M	2.4M	2.0M	1.9M
Accumulated Other Comprehensive Income	150.0K	239.0K	(174.1K)	(649.0K)	2.1M	2.2M
Non Currrent Assets Other	36.8K	37.0K	42.4K	54.1K	85.2K	80.9K
Short Long Term Debt Total	5.3M	6.0M	4.9K	642.0	577.8	548.91
Long Term Debt	5.2M	6.0M	5.2M	6.0M	6.9M	5.2M
Non Current Liabilities Total	8.1M	8.9M	8.7M	9.1M	9.1M	8.5M
Property Plant Equipment	13.9M	15.9M	27.2M	42.8M	49.2M	51.7M
Net Tangible Assets	7.0M	8.3M	20.7M	90.5M	104.0M	109.2M
Net Invested Capital	12.3M	14.3M	20.7M	90.5M	104.0M	109.2M
Net Working Capital	1.2M	1.3M	2.2M	56.7M	65.3M	68.5M
Intangible Assets	9.88	5.05	0.44	66.75	60.08	57.07
Capital Stock	37.3M	40.7M	56.8M	128.4M	147.6M	155.0M

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Cornish Retained Earnings vs Long Term Debt Analysis

Retained Earnings vs Long Term Debt

Retained Earnings vs Long Term Debt Correlation Analysis

Correlation Coefficient

Retained Earnings

Long Term Debt

Cornish Metals fundamental ratios Correlations

Cornish Metals Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Cornish Metals fundamental ratios Accounts

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Additional Tools for Cornish Stock Analysis

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COMPANY

Cash And Short Term Investments	+ 1.0	Cash
Total Current Assets	+ 1.0	Cash
Property Plant And Equipment Net	+ 1.0	Non Current Assets Total
Total Current Assets	+ 1.0	Cash And Short Term Investments
Total Stockholder Equity	+ 0.99	Total Assets
Non Current Liabilities Total	+ 0.99	Long Term Debt

Cash And Short Term Investments	- 0.99	Net Debt
Cash	- 0.99	Net Debt
Total Current Assets	- 0.98	Net Debt
Net Debt	- 0.89	Total Stockholder Equity
Net Debt	- 0.87	Total Assets
Net Receivables	- 0.86	Net Debt