| EMO Stock | | | CAD 0.86 0.03 3.61% |
Emerita Resources financial indicator trend analysis is much more than just examining Emerita Resources Corp latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Emerita Resources Corp is a good investment. Please check the relationship between Emerita Resources Net Debt and its Total Assets accounts. Check out
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Emerita Resources 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 Debt vs Total Assets
Net Debt vs Total Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Emerita Resources Corp Net Debt account and
Total Assets. At this time, the significance of the direction appears to have pay attention.
The correlation between Emerita Resources' Net Debt and Total Assets is -0.97. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Total Assets in the same time period over historical financial statements of Emerita Resources Corp, assuming nothing else is changed. The correlation between historical values of Emerita Resources' Net Debt and Total Assets 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 Debt of Emerita Resources Corp are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Net Debt i.e., Emerita Resources' Net Debt and Total Assets go up and down completely randomly.
Correlation Coefficient | -0.97 |
| Relationship Direction | Negative |
| Relationship Strength | Significant |
Net Debt
The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.
Total Assets
Total assets refers to the total amount of Emerita Resources assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Emerita Resources Corp books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.
Most indicators from Emerita Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Emerita Resources 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 Emerita Resources 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.
Selling General Administrative is likely to drop to about 3.5
M in 2024.
Issuance Of Capital Stock is likely to drop to about 8.8
M in 2024
Emerita Resources fundamental ratios Correlations
Click cells to compare fundamentals
Emerita Resources Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Emerita Resources fundamental ratios Accounts
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Additional Tools for Emerita Stock Analysis
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measure Emerita Resources' 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 Emerita Resources is operating at the current time. Most of Emerita Resources' value examination focuses on studying past and present price action to
predict the probability of Emerita Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Emerita Resources' price. Additionally, you may evaluate how the addition of Emerita Resources to your portfolios can decrease your overall portfolio volatility.