Diamcor Total Current Assets vs Cash And Short Term Investments Analysis

DMI Stock  CAD 0.03  0.01  25.00%   
Diamcor Mining financial indicator trend analysis is much more than just examining Diamcor Mining latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Diamcor Mining is a good investment. Please check the relationship between Diamcor Mining Total Current Assets and its Cash And Short Term Investments accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Diamcor Mining. 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.

Total Current Assets vs Cash And Short Term Investments

Total Current Assets vs Cash And Short Term Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Diamcor Mining Total Current Assets account and Cash And Short Term Investments. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Diamcor Mining's Total Current Assets and Cash And Short Term Investments is 0.91. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Cash And Short Term Investments in the same time period over historical financial statements of Diamcor Mining, assuming nothing else is changed. The correlation between historical values of Diamcor Mining's Total Current Assets and Cash And Short Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Current Assets of Diamcor Mining are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Total Current Assets i.e., Diamcor Mining's Total Current Assets and Cash And Short Term Investments go up and down completely randomly.

Correlation Coefficient

0.91
Relationship DirectionPositive 
Relationship StrengthVery Strong

Total Current Assets

The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.

Cash And Short Term Investments

Short Term Investments is an account in the current assets section of Diamcor Mining balance sheet. This account contains Diamcor Mining investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Diamcor Mining 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.
Most indicators from Diamcor Mining's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Diamcor Mining 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 Diamcor Mining. 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.
Tax Provision is expected to grow at the current pace this year, whereas Selling General Administrative is likely to drop slightly above 1.7 M in 2024.
 2021 2022 2023 2024 (projected)
Total Revenue5.8M7.2M1.1M1.1M
Depreciation And Amortization772.0K560.6K644.7K540.7K

Diamcor Mining fundamental ratios Correlations

0.490.060.680.960.0-0.210.440.410.950.420.410.42-0.020.310.570.380.630.020.44-0.130.440.130.20.340.15
0.49-0.380.310.39-0.240.26-0.040.630.360.490.610.34-0.310.130.70.020.58-0.07-0.26-0.470.520.3-0.340.36-0.19
0.06-0.38-0.310.140.63-0.940.55-0.470.190.11-0.48-0.070.92-0.07-0.080.73-0.390.670.190.97-0.250.230.75-0.230.62
0.680.31-0.310.69-0.610.180.280.180.70.270.180.33-0.340.120.11-0.360.38-0.670.42-0.44-0.12-0.210.210.630.18
0.960.390.140.690.08-0.270.460.161.00.40.170.40.020.30.420.390.40.00.47-0.050.350.090.360.370.28
0.0-0.240.63-0.610.08-0.570.2-0.240.07-0.05-0.2-0.20.490.180.130.85-0.280.81-0.050.590.410.160.19-0.450.1
-0.210.26-0.940.18-0.27-0.57-0.50.37-0.32-0.140.40.02-0.940.0-0.05-0.760.24-0.66-0.34-0.910.14-0.22-0.770.24-0.55
0.44-0.040.550.280.460.2-0.5-0.080.490.49-0.060.260.38-0.170.00.360.030.10.170.36-0.190.020.590.50.71
0.410.63-0.470.180.16-0.240.37-0.080.120.150.990.21-0.40.190.77-0.020.93-0.02-0.21-0.530.570.24-0.590.04-0.47
0.950.360.190.71.00.07-0.320.490.120.410.120.390.070.290.390.40.36-0.010.5-0.010.30.080.420.370.32
0.420.490.110.270.4-0.05-0.140.490.150.410.12-0.060.07-0.430.230.170.220.150.240.030.09-0.010.120.580.35
0.410.61-0.480.180.17-0.20.4-0.060.990.120.120.21-0.440.220.77-0.030.91-0.05-0.25-0.560.590.21-0.60.06-0.47
0.420.34-0.070.330.4-0.20.020.260.210.39-0.060.21-0.10.310.110.070.34-0.21-0.08-0.20.160.20.060.130.05
-0.02-0.310.92-0.340.020.49-0.940.38-0.40.070.07-0.44-0.1-0.02-0.060.65-0.320.660.260.94-0.260.290.67-0.310.51
0.310.13-0.070.120.30.180.0-0.170.190.29-0.430.220.31-0.020.250.230.25-0.010.03-0.150.410.35-0.06-0.33-0.15
0.570.7-0.080.110.420.13-0.050.00.770.390.230.770.11-0.060.250.380.720.29-0.18-0.180.650.48-0.23-0.02-0.22
0.380.020.73-0.360.390.85-0.760.36-0.020.40.17-0.030.070.650.230.380.050.880.170.650.480.370.35-0.350.23
0.630.58-0.390.380.4-0.280.240.030.930.360.220.910.34-0.320.250.720.05-0.040.11-0.480.560.19-0.440.08-0.38
0.02-0.070.67-0.670.00.81-0.660.1-0.02-0.010.15-0.05-0.210.66-0.010.290.88-0.040.060.70.390.340.13-0.530.05
0.44-0.260.190.420.47-0.05-0.340.17-0.210.50.24-0.25-0.080.260.03-0.180.170.110.060.19-0.03-0.230.350.050.19
-0.13-0.470.97-0.44-0.050.59-0.910.36-0.53-0.010.03-0.56-0.20.94-0.15-0.180.65-0.480.70.19-0.320.20.68-0.360.53
0.440.52-0.25-0.120.350.410.14-0.190.570.30.090.590.16-0.260.410.650.480.560.39-0.03-0.320.21-0.49-0.19-0.48
0.130.30.23-0.210.090.16-0.220.020.240.08-0.010.210.20.290.350.480.370.190.34-0.230.20.210.15-0.070.34
0.2-0.340.750.210.360.19-0.770.59-0.590.420.12-0.60.060.67-0.06-0.230.35-0.440.130.350.68-0.490.150.180.85
0.340.36-0.230.630.37-0.450.240.50.040.370.580.060.13-0.31-0.33-0.02-0.350.08-0.530.05-0.36-0.19-0.070.180.44
0.15-0.190.620.180.280.1-0.550.71-0.470.320.35-0.470.050.51-0.15-0.220.23-0.380.050.190.53-0.480.340.850.44
Click cells to compare fundamentals

Diamcor Mining Account Relationship Matchups

Diamcor Mining fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets9.0M9.1M9.0M8.0M4.1M5.5M
Other Current Liab(1.0)75.2K175.0K250.2K60K57K
Total Current Liabilities7.9M6.6M8.2M7.5M10.0M10.5M
Total Stockholder Equity1.2M294.3K2.4M814.6K(5.4M)(5.1M)
Property Plant And Equipment Net7.5M7.3M6.9M5.6M3.2M3.9M
Net Debt8.1M9.9M6.6M2.7M10.8M11.4M
Retained Earnings(38.7M)(41.8M)(44.2M)(45.5M)(51.2M)(48.6M)
Accounts Payable960.8K560.9K1.2M575.0K1.4M1.4M
Cash32.1K257.1K376.3K506.6K31.2K29.6K
Non Current Assets Total8.1M7.9M7.6M6.2M3.7M4.2M
Non Currrent Assets Other(43.9K)(2.8K)72.8K596.5K560.6K287.2K
Cash And Short Term Investments32.1K257.1K376.3K31.2K35.9K34.1K
Net Receivables513.7K186.2K490.5K298.8K71.3K67.8K
Common Stock Shares Outstanding66.2M89.2M122.9M128.5M128.5M134.9M
Liabilities And Stockholders Equity9.0M9.1M9.0M4.1M4.7M5.4M
Other Current Assets31.6K37.0K107.2K11.3K12.9K12.3K
Other Stockholder Equity14.3M15.4M14.2M14.1M16.2M12.8M
Total Liab11.5M13.4M11.2M10.4M13.1M13.8M
Total Current Assets895.3K1.2M1.4M1.8M317.1K301.3K
Short Long Term Debt Total8.1M10.1M7.0M10.9M12.5M13.1M
Inventory312.4K756.8K474.9K959.1K203.4K193.2K
Accumulated Other Comprehensive Income(8.6M)(7.9M)(7.9M)(10.1M)(9.1M)(8.7M)
Short Term Debt6.8M6.0M6.8M8.4M9.6M10.1M
Non Current Liabilities Total3.6M6.8M3.1M2.9M3.2M4.0M
Other Liab938.0K694.6K739.5K688.6K791.9K623.7K
Net Tangible Assets5.7M1.2M294.3K2.4M2.2M2.9M
Other Assets723.7K622.6K666.5K669.3K769.7K697.1K
Long Term Debt1.3M4.2M248.8K60K54K51.3K
Short Long Term Debt6.8M6.0M6.8M3.2M4.6M4.7M
Common Stock34.2M34.6M40.3M41.8M48.1M34.0M
Property Plant Equipment7.0M7.5M7.3M6.9M6.2M6.1M
Net Invested Capital9.4M10.4M9.4M4.0M(758.9K)(721.0K)
Net Working Capital(7.0M)(5.4M)(6.7M)(5.7M)(9.7M)(10.1M)
Capital Stock34.2M34.6M40.3M41.8M41.8M41.6M

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