Defense Capex To Operating Cash Flow vs Capex To Depreciation Analysis

DEFN Stock  CAD 0.14  0.01  7.69%   
Defense Metals financial indicator trend analysis is much more than just examining Defense Metals Corp latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Defense Metals Corp is a good investment. Please check the relationship between Defense Metals Capex To Operating Cash Flow and its Capex To Depreciation accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Defense Metals 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.

Capex To Operating Cash Flow vs Capex To Depreciation

Capex To Operating Cash Flow vs Capex To Depreciation Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Defense Metals Corp Capex To Operating Cash Flow account and Capex To Depreciation. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Defense Metals' Capex To Operating Cash Flow and Capex To Depreciation is -0.26. Overlapping area represents the amount of variation of Capex To Operating Cash Flow that can explain the historical movement of Capex To Depreciation in the same time period over historical financial statements of Defense Metals Corp, assuming nothing else is changed. The correlation between historical values of Defense Metals' Capex To Operating Cash Flow and Capex To Depreciation is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Capex To Operating Cash Flow of Defense Metals Corp are associated (or correlated) with its Capex To Depreciation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capex To Depreciation has no effect on the direction of Capex To Operating Cash Flow i.e., Defense Metals' Capex To Operating Cash Flow and Capex To Depreciation go up and down completely randomly.

Correlation Coefficient

-0.26
Relationship DirectionNegative 
Relationship StrengthInsignificant

Capex To Operating Cash Flow

Capex To Depreciation

The ratio of a company's capital expenditures to its depreciation expenses, indicating how much the company is investing in physical assets relative to the aging of existing assets.
Most indicators from Defense Metals' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Defense Metals 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Defense Metals 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, Defense Metals' Issuance Of Capital Stock is fairly stable compared to the past year. Enterprise Value Over EBITDA is likely to climb to 163.85 in 2024, whereas Selling General Administrative is likely to drop slightly above 2.4 M in 2024.

Defense Metals fundamental ratios Correlations

0.971.01.01.0-0.93-0.940.990.951.00.950.990.970.951.01.00.491.00.830.90.690.451.00.950.86-0.73
0.970.970.970.97-0.9-0.980.980.910.970.910.951.00.930.980.970.660.970.750.950.80.260.970.870.77-0.66
1.00.971.01.0-0.93-0.940.990.951.00.950.990.970.951.01.00.481.00.830.90.690.461.00.950.86-0.73
1.00.971.01.0-0.93-0.940.990.951.00.950.990.970.951.01.00.481.00.830.90.690.461.00.950.86-0.73
1.00.971.01.0-0.92-0.940.990.941.00.940.980.970.941.01.00.481.00.820.910.690.451.00.950.85-0.72
-0.93-0.9-0.93-0.93-0.920.92-0.93-0.98-0.92-0.98-0.95-0.9-0.98-0.94-0.92-0.59-0.93-0.92-0.86-0.78-0.5-0.94-0.93-0.90.63
-0.94-0.98-0.94-0.94-0.940.92-0.96-0.9-0.94-0.9-0.94-0.98-0.92-0.96-0.94-0.7-0.94-0.73-0.96-0.83-0.29-0.95-0.85-0.790.56
0.990.980.990.990.99-0.93-0.960.940.990.940.980.980.951.00.990.540.990.80.910.720.410.990.930.84-0.71
0.950.910.950.950.94-0.98-0.90.940.941.00.980.911.00.950.940.560.950.950.820.730.490.950.970.9-0.77
1.00.971.01.01.0-0.92-0.940.990.940.940.980.970.941.01.00.481.00.820.910.690.451.00.950.85-0.72
0.950.910.950.950.94-0.98-0.90.941.00.940.980.911.00.950.940.560.950.950.820.730.490.950.970.9-0.77
0.990.950.990.990.98-0.95-0.940.980.980.980.980.950.980.990.980.540.990.890.880.70.470.990.980.9-0.76
0.971.00.970.970.97-0.9-0.980.980.910.970.910.950.930.980.970.660.970.750.950.80.260.970.870.77-0.66
0.950.930.950.950.94-0.98-0.920.951.00.941.00.980.930.960.940.610.950.930.850.780.440.960.950.88-0.75
1.00.981.01.01.0-0.94-0.961.00.951.00.950.990.980.961.00.531.00.830.910.720.431.00.950.86-0.73
1.00.971.01.01.0-0.92-0.940.990.941.00.940.980.970.941.00.481.00.820.910.690.451.00.950.85-0.72
0.490.660.480.480.48-0.59-0.70.540.560.480.560.540.660.610.530.480.480.440.650.88-0.250.50.40.36-0.3
1.00.971.01.01.0-0.93-0.940.990.951.00.950.990.970.951.01.00.480.830.90.690.461.00.950.86-0.73
0.830.750.830.830.82-0.92-0.730.80.950.820.950.890.750.930.830.820.440.830.650.640.580.840.920.87-0.76
0.90.950.90.90.91-0.86-0.960.910.820.910.820.880.950.850.910.910.650.90.650.830.340.90.780.78-0.43
0.690.80.690.690.69-0.78-0.830.720.730.690.730.70.80.780.720.690.880.690.640.830.060.710.570.55-0.36
0.450.260.460.460.45-0.5-0.290.410.490.450.490.470.260.440.430.45-0.250.460.580.340.060.450.590.76-0.24
1.00.971.01.01.0-0.94-0.950.990.951.00.950.990.970.961.01.00.51.00.840.90.710.450.950.86-0.73
0.950.870.950.950.95-0.93-0.850.930.970.950.970.980.870.950.950.950.40.950.920.780.570.590.950.93-0.8
0.860.770.860.860.85-0.9-0.790.840.90.850.90.90.770.880.860.850.360.860.870.780.550.760.860.93-0.58
-0.73-0.66-0.73-0.73-0.720.630.56-0.71-0.77-0.72-0.77-0.76-0.66-0.75-0.73-0.72-0.3-0.73-0.76-0.43-0.36-0.24-0.73-0.8-0.58
Click cells to compare fundamentals

Defense Metals Account Relationship Matchups

Defense Metals fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets2.0M4.1M25.3M32.7M37.7M39.5M
Total Current Liabilities207.3K327.9K668.6K656.5K755.0K792.7K
Total Stockholder Equity1.8M3.8M24.6M32.1M36.9M38.7M
Net Tangible Assets1.8M3.8M24.6M32.1M36.9M38.7M
Property Plant And Equipment Net1.8M2.9M24.1M30.3M34.8M36.6M
Net Debt(166.2K)(849.5K)(724.8K)(1.8M)(1.6M)(1.5M)
Retained Earnings(3.5M)(6.1M)(9.9M)(12.6M)(11.4M)(10.8M)
Accounts Payable40.0K69.1K222.9K262.6K302.0K317.1K
Cash166.2K849.5K724.8K1.8M2.0M2.1M
Non Current Assets Total1.8M3.0M24.3M30.7M35.3M37.1M
Cash And Short Term Investments166.2K849.5K724.8K1.8M2.0M2.1M
Common Stock Shares Outstanding31.5M53.0M95.9M178.5M205.2M215.5M
Liabilities And Stockholders Equity2.0M4.1M25.3M32.7M37.7M39.5M
Total Liab207.3K327.9K668.6K656.5K755.0K792.7K
Total Current Assets208.9K1.2M976.7K2.0M2.4M2.5M
Common Stock4.7M8.5M30.3M40.0M46.0M48.2M
Property Plant Equipment1.8M3.0M24.1M30.3M34.8M36.6M
Other Stockholder Equity307.5K618.7K1.5M626.6K720.6K688.2K
Net Invested Capital1.8M3.8M24.6M32.1M36.9M38.7M
Accumulated Other Comprehensive Income618.7K1.5M3.6M4.8M5.5M5.8M
Net Working Capital1.6K855.0K308.1K1.4M1.6M1.7M
Other Current Liab207.3K327.9K668.6K656.5K755.0K421.9K
Net Receivables9.6K301.8K206.8K189.8K218.3K161.9K
Other Current Assets33.1K31.6K45.1K94.2K108.3K59.0K
Capital Stock4.7M8.5M30.3M40.0M46.0M48.2M

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
Explore Investing Ideas  

Additional Tools for Defense Stock Analysis

When running Defense Metals' price analysis, check to measure Defense Metals' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Defense Metals is operating at the current time. Most of Defense Metals' value examination focuses on studying past and present price action to predict the probability of Defense Metals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Defense Metals' price. Additionally, you may evaluate how the addition of Defense Metals to your portfolios can decrease your overall portfolio volatility.