Entree Capex To Depreciation vs Invested Capital Analysis

ETG Stock

CAD 2.22 0.15 6.33%

Entree Resources financial indicator trend analysis is much more than just examining Entree Resources latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Entree Resources is a good investment. Please check the relationship between Entree Resources Capex To Depreciation and its Invested Capital accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Entree Resources. 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 Depreciation vs Invested Capital

Capex To Depreciation vs Invested Capital Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Entree Resources Capex To Depreciation account and Invested Capital. At this time, the significance of the direction appears to have totally related.

The correlation between Entree Resources' Capex To Depreciation and Invested Capital is 0.99. Overlapping area represents the amount of variation of Capex To Depreciation that can explain the historical movement of Invested Capital in the same time period over historical financial statements of Entree Resources, assuming nothing else is changed. The correlation between historical values of Entree Resources' Capex To Depreciation and Invested Capital 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 Depreciation of Entree Resources are associated (or correlated) with its Invested Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Invested Capital has no effect on the direction of Capex To Depreciation i.e., Entree Resources' Capex To Depreciation and Invested Capital go up and down completely randomly.

Correlation Coefficient

0.99

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

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.

Invested Capital

Invested capital represents the total cash investment that shareholders and debt holders have contributed to Entree Resources. There are two different methods for calculating Entree Resources invested capital: operating approach and financing approach. Understanding Entree Resources invested capital allows investors to calculate measures of performance such as return on invested capital or return on capital employed.

Most indicators from Entree Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Entree Resources 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 Entree Resources. 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.

As of the 11th of December 2024, Enterprise Value is likely to grow to about 187.5 M, while Selling General Administrative is likely to drop 1,902.

Entree Resources fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Other Assets	Cash And Short Term Investments	Common Stock Shares Outstanding	Short Term Investments	Non Current Liabilities Total	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Net Receivables	Inventory	Non Currrent Assets Other	Common Stock Total Equity
Total Assets		0.88	0.84	0.9	0.96	0.28	-0.86	0.41	-0.16	0.82	0.96	0.16	0.84	-0.14	0.55	-0.33	0.89	0.47	-0.31	0.96	0.85	0.75	0.32	-0.61	0.9	0.25
Other Current Liab	0.88		0.99	0.75	0.81	0.15	-0.78	0.27	-0.25	0.77	0.81	-0.04	0.81	-0.03	0.67	-0.21	0.84	0.42	-0.19	0.81	0.82	0.65	0.45	-0.51	0.69	0.31
Total Current Liabilities	0.84	0.99		0.71	0.77	0.14	-0.76	0.28	-0.3	0.75	0.76	-0.09	0.79	-0.12	0.65	-0.19	0.82	0.33	-0.16	0.77	0.8	0.57	0.44	-0.5	0.64	0.26
Total Stockholder Equity	0.9	0.75	0.71		0.93	0.54	-0.72	0.73	0.01	0.58	0.93	0.18	0.61	-0.45	0.66	-0.72	0.81	0.49	-0.7	0.93	0.62	0.78	0.27	-0.79	0.83	-0.13
Property Plant And Equipment Net	0.96	0.81	0.77	0.93		0.31	-0.69	0.47	-0.13	0.62	1.0	0.23	0.65	-0.21	0.61	-0.47	0.89	0.46	-0.45	1.0	0.67	0.76	0.35	-0.63	0.92	0.2
Current Deferred Revenue	0.28	0.15	0.14	0.54	0.31		-0.33	0.73	0.28	0.15	0.3	0.1	0.16	-0.59	0.27	-0.73	0.2	0.4	-0.73	0.3	0.16	0.37	-0.18	-0.54	0.29	-0.55
Net Debt	-0.86	-0.78	-0.76	-0.72	-0.69	-0.33		-0.4	0.13	-0.97	-0.69	-0.03	-0.97	0.15	-0.32	0.18	-0.66	-0.42	0.16	-0.69	-0.97	-0.62	-0.1	0.54	-0.71	-0.1
Retained Earnings	0.41	0.27	0.28	0.73	0.47	0.73	-0.4		0.12	0.18	0.46	0.07	0.2	-0.87	0.39	-0.9	0.33	0.13	-0.9	0.46	0.2	0.41	-0.08	-0.71	0.39	-0.76
Accounts Payable	-0.16	-0.25	-0.3	0.01	-0.13	0.28	0.13	0.12		-0.18	-0.13	0.57	-0.18	0.01	0.04	-0.29	-0.35	0.35	-0.3	-0.13	-0.19	0.4	-0.21	-0.43	-0.11	-0.22
Cash	0.82	0.77	0.75	0.58	0.62	0.15	-0.97	0.18	-0.18		0.62	0.02	1.0	0.05	0.23	0.05	0.62	0.38	0.07	0.62	0.99	0.55	0.13	-0.39	0.67	0.29
Non Current Assets Total	0.96	0.81	0.76	0.93	1.0	0.3	-0.69	0.46	-0.13	0.62		0.23	0.65	-0.2	0.6	-0.47	0.89	0.46	-0.45	1.0	0.67	0.76	0.34	-0.63	0.92	0.2
Other Assets	0.16	-0.04	-0.09	0.18	0.23	0.1	-0.03	0.07	0.57	0.02	0.23		0.01	0.02	0.03	-0.13	-0.06	0.2	-0.13	0.23	0.01	0.35	-0.34	-0.21	0.24	0.11
Cash And Short Term Investments	0.84	0.81	0.79	0.61	0.65	0.16	-0.97	0.2	-0.18	1.0	0.65	0.01		0.03	0.32	0.01	0.66	0.39	0.03	0.65	1.0	0.56	0.19	-0.42	0.66	0.29
Common Stock Shares Outstanding	-0.14	-0.03	-0.12	-0.45	-0.21	-0.59	0.15	-0.87	0.01	0.05	-0.2	0.02	0.03		-0.22	0.71	-0.12	0.15	0.71	-0.2	0.02	-0.07	0.15	0.51	-0.14	0.84
Short Term Investments	0.55	0.67	0.65	0.66	0.61	0.27	-0.32	0.39	0.04	0.23	0.6	0.03	0.32	-0.22		-0.54	0.64	0.34	-0.52	0.61	0.34	0.45	0.68	-0.51	0.28	0.02
Non Current Liabilities Total	-0.33	-0.21	-0.19	-0.72	-0.47	-0.73	0.18	-0.9	-0.29	0.05	-0.47	-0.13	0.01	0.71	-0.54		-0.32	-0.31	1.0	-0.47	0.0	-0.47	-0.06	0.72	-0.35	0.66
Other Current Assets	0.89	0.84	0.82	0.81	0.89	0.2	-0.66	0.33	-0.35	0.62	0.89	-0.06	0.66	-0.12	0.64	-0.32		0.38	-0.3	0.89	0.68	0.57	0.58	-0.41	0.73	0.26
Other Stockholder Equity	0.47	0.42	0.33	0.49	0.46	0.4	-0.42	0.13	0.35	0.38	0.46	0.2	0.39	0.15	0.34	-0.31	0.38		-0.3	0.45	0.39	0.62	0.06	-0.47	0.47	0.21
Total Liab	-0.31	-0.19	-0.16	-0.7	-0.45	-0.73	0.16	-0.9	-0.3	0.07	-0.45	-0.13	0.03	0.71	-0.52	1.0	-0.3	-0.3		-0.45	0.03	-0.46	-0.04	0.71	-0.33	0.67
Property Plant And Equipment Gross	0.96	0.81	0.77	0.93	1.0	0.3	-0.69	0.46	-0.13	0.62	1.0	0.23	0.65	-0.2	0.61	-0.47	0.89	0.45	-0.45		0.67	0.76	0.35	-0.63	0.92	0.2
Total Current Assets	0.85	0.82	0.8	0.62	0.67	0.16	-0.97	0.2	-0.19	0.99	0.67	0.01	1.0	0.02	0.34	0.0	0.68	0.39	0.03	0.67		0.57	0.21	-0.42	0.67	0.29
Short Term Debt	0.75	0.65	0.57	0.78	0.76	0.37	-0.62	0.41	0.4	0.55	0.76	0.35	0.56	-0.07	0.45	-0.47	0.57	0.62	-0.46	0.76	0.57		0.25	-0.76	0.77	0.09
Net Receivables	0.32	0.45	0.44	0.27	0.35	-0.18	-0.1	-0.08	-0.21	0.13	0.34	-0.34	0.19	0.15	0.68	-0.06	0.58	0.06	-0.04	0.35	0.21	0.25		-0.05	0.07	0.28
Inventory	-0.61	-0.51	-0.5	-0.79	-0.63	-0.54	0.54	-0.71	-0.43	-0.39	-0.63	-0.21	-0.42	0.51	-0.51	0.72	-0.41	-0.47	0.71	-0.63	-0.42	-0.76	-0.05		-0.6	0.34
Non Currrent Assets Other	0.9	0.69	0.64	0.83	0.92	0.29	-0.71	0.39	-0.11	0.67	0.92	0.24	0.66	-0.14	0.28	-0.35	0.73	0.47	-0.33	0.92	0.67	0.77	0.07	-0.6		0.22
Common Stock Total Equity	0.25	0.31	0.26	-0.13	0.2	-0.55	-0.1	-0.76	-0.22	0.29	0.2	0.11	0.29	0.84	0.02	0.66	0.26	0.21	0.67	0.2	0.29	0.09	0.28	0.34	0.22

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Entree Resources Account Relationship Matchups

Entree Resources fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	6.1M	8.0M	7.8M	7.5M	7.2M	6.9M
Other Current Liab	71.9K	123.9K	100.9K	226.8K	198.8K	188.9K
Total Current Liabilities	175K	232K	200K	327K	313K	618.8K
Total Stockholder Equity	(47.0M)	(50.2M)	(55.1M)	(57.5M)	(64.6M)	(61.4M)
Property Plant And Equipment Net	316K	220K	128K	523K	419K	398.1K
Net Debt	4.0M	2.6M	3.3M	5.3M	6.7M	7.0M
Retained Earnings	(242.1M)	(248.1M)	(255.7M)	(264.7M)	(274.3M)	(260.6M)
Accounts Payable	72.0	124.0	71.0	227.0	159.0	151.05
Cash	5.4M	7.3M	7.1M	6.4M	6.1M	5.8M
Non Current Assets Total	442K	409K	367K	818K	779K	740.1K
Cash And Short Term Investments	5.4M	7.3M	7.1M	6.4M	6.1M	5.8M
Common Stock Shares Outstanding	174.9M	178.6M	188.7M	197.1M	203.3M	117.7M
Liabilities And Stockholders Equity	6.1M	8.0M	7.8M	7.5M	7.2M	6.9M
Non Current Liabilities Total	52.9M	57.9M	62.7M	64.7M	71.5M	75.1M
Other Current Assets	280K	162K	165K	108K	169K	160.6K
Total Liab	53.1M	58.2M	62.9M	65.0M	71.8M	75.4M
Property Plant And Equipment Gross	316K	220K	475K	945K	963K	914.9K
Total Current Assets	5.7M	7.6M	7.4M	6.7M	6.4M	6.1M
Short Term Debt	103K	108K	99K	100K	114K	108.3K
Net Receivables	122K	130K	157K	158K	176K	194.2K
Inventory	157.7K	161.7K	164.7K	107.7K	168.7K	100.5K
Accumulated Other Comprehensive Income	22.0M	21.7M	21.1M	24.5M	22.9M	24.1M
Common Stock Total Equity	139.7M	173.0M	173.1M	176.2M	202.7M	169.7M
Common Stock	173.1M	176.2M	179.5M	182.7M	186.8M	176.5M
Short Long Term Debt Total	9.3M	9.8M	10.4M	11.7M	12.8M	7.6M
Other Liab	38.5M	43.7M	48.2M	52.4M	60.3M	42.6M
Net Tangible Assets	(39.7M)	(47.0M)	(50.2M)	(55.1M)	(49.6M)	(47.1M)
Long Term Debt	9.0M	9.6M	10.3M	11.1M	12.3M	9.5M
Property Plant Equipment	316K	220K	128K	523K	470.7K	447.2K
Long Term Investments	114K	177K	239K	295K	360K	223.7K
Long Term Debt Total	9.0M	9.6M	10.3M	11.1M	12.8M	10.0M
Capital Surpluse	22.4M	23.2M	22.7M	22.5M	25.9M	24.5M
Cash And Equivalents	5.4M	7.3M	7.1M	6.4M	5.8M	6.0M

Pair Trading with Entree Resources

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Entree Resources position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Entree Resources will appreciate offsetting losses from the drop in the long position's value.

Moving against Entree Stock

0.58	NG	NovaGold Resources	Pair Corr
0.38	INFM	Infinico Metals Corp	Pair Corr
0.35	HPQ	HPQ Silicon Resources	Pair Corr

The ability to find closely correlated positions to Entree Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Entree Resources when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Entree Resources - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Entree Resources to buy it.

The correlation of Entree Resources is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Entree Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Entree Resources moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Entree Resources can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

Other Information on Investing in Entree Stock

Balance Sheet is a snapshot of the financial position of Entree Resources at a specified time, usually calculated after every quarter, six months, or one year. Entree Resources Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Entree Resources and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Entree currently owns. An asset can also be divided into two categories, current and non-current.

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Entree Capex To Depreciation vs Invested Capital Analysis

Capex To Depreciation vs Invested Capital

Capex To Depreciation vs Invested Capital Correlation Analysis

Correlation Coefficient

Capex To Depreciation

Invested Capital

Entree Resources fundamental ratios Correlations

Entree Resources Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Entree Resources fundamental ratios Accounts

Pair Trading with Entree Resources

Moving against Entree Stock

Other Information on Investing in Entree Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Property Plant And Equipment Gross	+ 1.0	Property Plant And Equipment Net
Cash And Short Term Investments	+ 1.0	Cash
Property Plant And Equipment Gross	+ 1.0	Non Current Assets Total
Total Current Assets	+ 1.0	Cash And Short Term Investments
Total Liab	+ 1.0	Non Current Liabilities Total

Total Current Assets	- 0.97	Net Debt
Cash And Short Term Investments	- 0.97	Net Debt
Cash	- 0.97	Net Debt
Total Liab	- 0.9	Retained Earnings
Non Current Liabilities Total	- 0.9	Retained Earnings
Common Stock Shares Outstanding	- 0.87	Retained Earnings