Elemental Net Borrowings vs Change In Cash Analysis

ELE Stock   1.20  0.02  1.69%   
Elemental Royalties financial indicator trend analysis is much more than just examining Elemental Royalties Corp latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Elemental Royalties Corp is a good investment. Please check the relationship between Elemental Royalties Net Borrowings and its Change In Cash accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Elemental Royalties 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.

Net Borrowings vs Change In Cash

Net Borrowings vs Change In Cash Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Elemental Royalties Corp Net Borrowings account and Change In Cash. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Elemental Royalties' Net Borrowings and Change In Cash is -0.34. Overlapping area represents the amount of variation of Net Borrowings that can explain the historical movement of Change In Cash in the same time period over historical financial statements of Elemental Royalties Corp, assuming nothing else is changed. The correlation between historical values of Elemental Royalties' Net Borrowings and Change In Cash 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 Borrowings of Elemental Royalties Corp are associated (or correlated) with its Change In Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Change In Cash has no effect on the direction of Net Borrowings i.e., Elemental Royalties' Net Borrowings and Change In Cash go up and down completely randomly.

Correlation Coefficient

-0.34
Relationship DirectionNegative 
Relationship StrengthInsignificant

Net Borrowings

The difference between the amount of new debt a company has taken on and the amount of debt it has paid off during a given period.

Change In Cash

Most indicators from Elemental Royalties' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Elemental Royalties 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 Elemental Royalties 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, Elemental Royalties' Enterprise Value Over EBITDA is fairly stable compared to the past year. Enterprise Value Multiple is likely to climb to 52.18 in 2024, whereas Selling General Administrative is likely to drop slightly above 4.9 M in 2024.
 2021 2022 2023 2024 (projected)
Depreciation And Amortization2.9M5.4M6.3M6.6M
Interest Income15K23K106K111.3K

Elemental Royalties fundamental ratios Correlations

0.71-0.730.690.620.670.940.710.890.80.790.770.530.850.76-0.8-0.660.690.530.680.720.81-0.660.790.770.79
0.71-1.00.330.980.980.81.00.430.940.940.920.830.850.94-0.98-0.790.970.970.980.870.9-0.790.940.930.94
-0.73-1.0-0.33-0.97-0.98-0.82-1.0-0.46-0.96-0.96-0.94-0.83-0.86-0.950.980.79-0.96-0.96-0.98-0.89-0.910.79-0.96-0.95-0.96
0.690.33-0.330.30.20.740.330.810.450.440.430.020.760.38-0.41-0.670.470.150.240.450.44-0.670.440.410.44
0.620.98-0.970.30.940.730.980.340.910.90.930.880.820.92-0.96-0.850.950.970.920.910.9-0.850.910.930.9
0.670.98-0.980.20.940.760.980.380.910.920.890.840.780.91-0.96-0.680.920.960.990.820.87-0.680.910.90.92
0.940.8-0.820.740.730.760.80.850.90.90.860.560.950.86-0.87-0.80.820.640.770.820.87-0.80.890.860.89
0.711.0-1.00.330.980.980.80.430.940.940.930.830.850.94-0.98-0.790.970.970.980.870.9-0.790.940.930.94
0.890.43-0.460.810.340.380.850.430.590.580.560.270.710.53-0.56-0.510.440.20.40.530.63-0.510.580.550.57
0.80.94-0.960.450.910.910.90.940.591.00.990.810.891.0-0.97-0.830.910.860.90.950.97-0.831.00.991.0
0.790.94-0.960.440.90.920.90.940.581.00.980.780.890.99-0.97-0.820.910.860.910.940.95-0.821.00.991.0
0.770.92-0.940.430.930.890.860.930.560.990.980.860.870.99-0.97-0.860.890.860.860.980.99-0.860.991.00.98
0.530.83-0.830.020.880.840.560.830.270.810.780.860.570.83-0.87-0.630.710.850.780.850.88-0.630.810.850.78
0.850.85-0.860.760.820.780.950.850.710.890.890.870.570.86-0.88-0.920.920.740.790.850.85-0.920.890.860.89
0.760.94-0.950.380.920.910.860.940.531.00.990.990.830.86-0.97-0.820.890.880.90.960.97-0.821.01.00.99
-0.8-0.980.98-0.41-0.96-0.96-0.87-0.98-0.56-0.97-0.97-0.97-0.87-0.88-0.970.82-0.94-0.91-0.94-0.93-0.970.82-0.97-0.97-0.97
-0.66-0.790.79-0.67-0.85-0.68-0.8-0.79-0.51-0.83-0.82-0.86-0.63-0.92-0.820.82-0.87-0.73-0.67-0.91-0.841.0-0.84-0.85-0.82
0.690.97-0.960.470.950.920.820.970.440.910.910.890.710.920.89-0.94-0.870.930.930.860.85-0.870.910.890.91
0.530.97-0.960.150.970.960.640.970.20.860.860.860.850.740.88-0.91-0.730.930.950.820.82-0.730.870.870.87
0.680.98-0.980.240.920.990.770.980.40.90.910.860.780.790.9-0.94-0.670.930.950.780.83-0.670.90.880.91
0.720.87-0.890.450.910.820.820.870.530.950.940.980.850.850.96-0.93-0.910.860.820.780.97-0.910.950.980.94
0.810.9-0.910.440.90.870.870.90.630.970.950.990.880.850.97-0.97-0.840.850.820.830.97-0.840.970.980.95
-0.66-0.790.79-0.67-0.85-0.68-0.8-0.79-0.51-0.83-0.82-0.86-0.63-0.92-0.820.821.0-0.87-0.73-0.67-0.91-0.84-0.84-0.85-0.82
0.790.94-0.960.440.910.910.890.940.581.01.00.990.810.891.0-0.97-0.840.910.870.90.950.97-0.840.991.0
0.770.93-0.950.410.930.90.860.930.550.990.991.00.850.861.0-0.97-0.850.890.870.880.980.98-0.850.990.99
0.790.94-0.960.440.90.920.890.940.571.01.00.980.780.890.99-0.97-0.820.910.870.910.940.95-0.821.00.99
Click cells to compare fundamentals

Elemental Royalties Account Relationship Matchups

Elemental Royalties fundamental ratios Accounts

201920202021202220232024 (projected)
Total Current Liabilities293.4K1.1M1.6M7.4M2.0M2.3M
Net Tangible Assets6.4M26.9M50.5M146.4M168.4M176.8M
Retained Earnings(370.1K)(3.0M)(7.7M)(25.9M)(29.2M)(27.7M)
Accounts Payable293.4K1.1M378K1.2M75K71.3K
Net Receivables445.2K1.1M2.1M2.5M3.4M3.6M
Other Stockholder Equity7.2K40K1.7M7.0M8.0M8.4M
Total Current Assets1.3M12.1M8.5M40.2M18.8M12.9M
Common Stock6.4M28.8M56.4M165.0M189.8M199.3M

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Additional Tools for Elemental Stock Analysis

When running Elemental Royalties' price analysis, check to measure Elemental Royalties' 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 Elemental Royalties is operating at the current time. Most of Elemental Royalties' value examination focuses on studying past and present price action to predict the probability of Elemental Royalties' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Elemental Royalties' price. Additionally, you may evaluate how the addition of Elemental Royalties to your portfolios can decrease your overall portfolio volatility.