EMX Capital Expenditures vs Depreciation Analysis

EMX Stock  CAD 2.52  0.02  0.80%   
EMX Royalty financial indicator trend analysis is much more than just examining EMX Royalty Corp latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether EMX Royalty Corp is a good investment. Please check the relationship between EMX Royalty Capital Expenditures and its Depreciation accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in EMX Royalty 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.

Capital Expenditures vs Depreciation

Capital Expenditures vs Depreciation Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of EMX Royalty Corp Capital Expenditures account and Depreciation. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between EMX Royalty's Capital Expenditures and Depreciation is -0.15. Overlapping area represents the amount of variation of Capital Expenditures that can explain the historical movement of Depreciation in the same time period over historical financial statements of EMX Royalty Corp, assuming nothing else is changed. The correlation between historical values of EMX Royalty's Capital Expenditures and 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 Capital Expenditures of EMX Royalty Corp are associated (or correlated) with its Depreciation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Depreciation has no effect on the direction of Capital Expenditures i.e., EMX Royalty's Capital Expenditures and Depreciation go up and down completely randomly.

Correlation Coefficient

-0.15
Relationship DirectionNegative 
Relationship StrengthInsignificant

Capital Expenditures

Capital Expenditures are funds used by EMX Royalty Corp to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of EMX Royalty operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.

Depreciation

Depreciation indicates how much of EMX Royalty Corp value has been used up. For tax purposes EMX Royalty can deduct the cost of the tangible assets it purchases as business expenses. However, EMX Royalty Corp must depreciate these assets in accordance with IRS rules about how and when the deduction may be taken, and how long it will last. The systematic allocation of the cost of a tangible asset over its useful life.
Most indicators from EMX Royalty's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into EMX Royalty 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 EMX Royalty 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, EMX Royalty's Tax Provision is fairly stable compared to the past year. Enterprise Value Over EBITDA is likely to climb to 39.44 in 2024, whereas Issuance Of Capital Stock is likely to drop 0.00 in 2024.
 2021 2022 2023 2024 (projected)
Reconciled Depreciation3.1M5.8M5.2M3.2M
Interest Income1.3M1.8M1.5M1.1M

EMX Royalty fundamental ratios Correlations

0.790.140.570.810.080.27-0.730.730.280.710.570.370.730.190.660.450.66-0.550.640.440.55-0.680.530.270.49
0.79-0.040.850.990.10.46-0.440.860.270.940.770.380.860.190.940.480.81-0.640.780.610.58-0.810.820.630.8
0.14-0.04-0.090.08-0.54-0.710.340.280.72-0.29-0.030.66-0.06-0.46-0.310.58-0.150.17-0.170.0-0.11-0.02-0.14-0.62-0.29
0.570.85-0.090.8-0.010.57-0.340.720.090.840.740.190.71-0.230.880.290.59-0.290.470.540.57-0.711.00.640.65
0.810.990.080.80.020.33-0.40.890.380.890.770.480.820.150.870.570.8-0.630.760.590.55-0.790.760.510.74
0.080.1-0.54-0.010.020.29-0.37-0.07-0.180.16-0.41-0.10.230.580.27-0.02-0.190.04-0.040.20.32-0.080.00.540.18
0.270.46-0.710.570.330.29-0.570.22-0.690.70.49-0.570.520.290.71-0.430.56-0.470.530.290.27-0.420.610.820.63
-0.73-0.440.34-0.34-0.4-0.37-0.57-0.220.36-0.58-0.360.28-0.41-0.32-0.490.18-0.450.37-0.4-0.12-0.260.32-0.35-0.37-0.34
0.730.860.280.720.89-0.070.22-0.220.470.710.610.60.810.040.730.680.64-0.530.670.790.6-0.920.680.390.65
0.280.270.720.090.38-0.18-0.690.360.47-0.06-0.030.980.19-0.2-0.010.93-0.060.060.00.290.32-0.250.03-0.290.0
0.710.94-0.290.840.890.160.7-0.580.71-0.060.820.050.80.270.970.170.86-0.690.80.490.45-0.710.830.750.83
0.570.77-0.030.740.77-0.410.49-0.360.61-0.030.820.020.5-0.080.70.080.89-0.610.710.270.15-0.540.740.360.62
0.370.380.660.190.48-0.1-0.570.280.60.980.050.020.32-0.150.120.990.01-0.010.10.480.47-0.430.14-0.150.15
0.730.86-0.060.710.820.230.52-0.410.810.190.80.50.320.330.870.470.68-0.680.780.660.69-0.820.670.680.77
0.190.19-0.46-0.230.150.580.29-0.320.04-0.20.27-0.08-0.150.330.25-0.070.34-0.650.550.130.05-0.12-0.260.420.4
0.660.94-0.310.880.870.270.71-0.490.73-0.010.970.70.120.870.250.250.76-0.60.730.60.59-0.770.870.840.84
0.450.480.580.290.57-0.02-0.430.180.680.930.170.080.990.47-0.070.250.1-0.110.20.580.57-0.540.230.00.28
0.660.81-0.150.590.8-0.190.56-0.450.64-0.060.860.890.010.680.340.760.1-0.90.940.320.19-0.590.570.490.74
-0.55-0.640.17-0.29-0.630.04-0.470.37-0.530.06-0.69-0.61-0.01-0.68-0.65-0.6-0.11-0.9-0.98-0.32-0.160.52-0.25-0.47-0.72
0.640.78-0.170.470.76-0.040.53-0.40.670.00.80.710.10.780.550.730.20.94-0.980.450.32-0.660.440.540.79
0.440.610.00.540.590.20.29-0.120.790.290.490.270.480.660.130.60.580.32-0.320.450.77-0.920.540.520.65
0.550.58-0.110.570.550.320.27-0.260.60.320.450.150.470.690.050.590.570.19-0.160.320.77-0.770.560.470.49
-0.68-0.81-0.02-0.71-0.79-0.08-0.420.32-0.92-0.25-0.71-0.54-0.43-0.82-0.12-0.77-0.54-0.590.52-0.66-0.92-0.77-0.7-0.54-0.71
0.530.82-0.141.00.760.00.61-0.350.680.030.830.740.140.67-0.260.870.230.57-0.250.440.540.56-0.70.640.64
0.270.63-0.620.640.510.540.82-0.370.39-0.290.750.36-0.150.680.420.840.00.49-0.470.540.520.47-0.540.640.84
0.490.8-0.290.650.740.180.63-0.340.650.00.830.620.150.770.40.840.280.74-0.720.790.650.49-0.710.640.84
Click cells to compare fundamentals

EMX Royalty Account Relationship Matchups

EMX Royalty fundamental ratios Accounts

201920202021202220232024 (projected)
Common Stock Shares Outstanding81.8M83.7M89.1M109.9M111.2M116.7M
Total Assets78.3M80.7M164.6M168.8M209.1M219.5M
Other Current Liab1.0M2.8M(640.0K)(830.6K)1.3M879.8K
Total Current Liabilities2.9M4.1M55.5M7.3M49.2M51.7M
Total Stockholder Equity75.4M76.7M109.0M123.2M158.8M166.7M
Property Plant And Equipment Net12.0M15.1M66.0M54.6M1.1M1.1M
Net Debt(52.8M)(41.1M)30.7M25.0M15.9M16.7M
Retained Earnings(42.4M)(48.1M)(72.1M)(81.6M)(77.9M)(74.0M)
Accounts Payable1.3M3.6M3.0M3.2M3.7M3.9M
Cash52.8M41.1M19.8M15.5M27.3M20.0M
Non Current Assets Total17.9M22.6M120.3M130.0M162.9M171.0M
Non Currrent Assets Other703.5K511.3K974.9K13.1M78.8M82.7M
Cash And Short Term Investments57.0M54.2M31.8M25.9M36.0M23.1M
Net Receivables1.8M2.6M9.4M11.6M7.7M8.1M
Liabilities And Stockholders Equity78.3M80.7M164.6M168.8M209.1M219.5M
Non Current Liabilities Total1.4M452.0K0.038.4M1.1M1.0M
Total Liab2.9M4.1M55.5M45.6M50.3M52.8M
Total Current Assets60.4M58.2M44.3M38.8M46.2M26.6M
Accumulated Other Comprehensive Income19.2M20.7M24.6M11.8M24.6M13.1M
Inventory1.3M870.5K3.1M(14.4M)(7.7M)(7.4M)
Other Current Assets309K407K(48K)15.7M10.2M10.7M
Short Term Investments4.2M13.1M12.1M10.4M8.7M4.5M
Current Deferred Revenue1.8M1.2M2.7M1.7M994K1.0M
Good Will1.4M0.0(13.5M)(67.0M)(60.3M)(57.3M)
Short Term Debt1.3M3.6M50.5M3.2M43.2M45.3M
Intangible Assets13.5M14.2M79.9M70.0M61.2M39.7M
Common Stock98.6M104.0M156.6M193.0M212.2M133.0M
Net Tangible Assets85.0M83.5M47.7M71.5M82.2M48.5M
Long Term Investments4.6M8.9M47.5M62.3M62.8M65.9M
Property Plant Equipment2.2M5.0M3.1M2.9M2.6M2.4M
Net Invested Capital98.5M97.8M203.4M163.7M153.2M136.3M
Net Working Capital75.2M69.0M(14.3M)31.6M(2.3M)(2.2M)
Capital Stock128.8M132.7M199.7M193.0M160.9M172.4M

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