Fjordland Change To Netincome vs Depreciation Analysis

FEX Stock  CAD 0.01  0.00  0.00%   
Fjordland Exploration financial indicator trend analysis is much more than just examining Fjordland Exploration latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Fjordland Exploration is a good investment. Please check the relationship between Fjordland Exploration Change To Netincome and its Depreciation accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fjordland Exploration. 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.

Change To Netincome vs Depreciation

Change To Netincome vs Depreciation Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Fjordland Exploration Change To Netincome account and Depreciation. At this time, the significance of the direction appears to have very week relationship.
The correlation between Fjordland Exploration's Change To Netincome and Depreciation is 0.24. Overlapping area represents the amount of variation of Change To Netincome that can explain the historical movement of Depreciation in the same time period over historical financial statements of Fjordland Exploration, assuming nothing else is changed. The correlation between historical values of Fjordland Exploration's Change To Netincome 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 Change To Netincome of Fjordland Exploration 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 Change To Netincome i.e., Fjordland Exploration's Change To Netincome and Depreciation go up and down completely randomly.

Correlation Coefficient

0.24
Relationship DirectionPositive 
Relationship StrengthVery Weak

Change To Netincome

Depreciation

Depreciation indicates how much of Fjordland Exploration value has been used up. For tax purposes Fjordland Exploration can deduct the cost of the tangible assets it purchases as business expenses. However, Fjordland Exploration 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 Fjordland Exploration's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Fjordland Exploration 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 Fjordland Exploration. 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 climb to about 418.8 K in 2024, whereas Issuance Of Capital Stock is likely to drop 0.00 in 2024.

Fjordland Exploration fundamental ratios Correlations

-0.590.141.00.91-0.870.710.820.050.440.840.190.80.940.860.730.730.970.820.80.67-0.220.720.790.580.79
-0.59-0.17-0.58-0.620.65-0.35-0.38-0.23-0.05-0.47-0.19-0.37-0.61-0.63-0.85-0.85-0.59-0.45-0.44-0.340.31-0.46-0.48-0.32-0.48
0.14-0.170.10.010.060.680.290.090.3-0.160.990.3-0.02-0.02-0.01-0.010.05-0.320.20.550.610.070.210.060.21
1.0-0.580.10.91-0.870.680.810.050.430.850.150.80.950.860.740.740.970.840.790.65-0.240.720.780.570.78
0.91-0.620.010.91-0.970.570.69-0.050.370.770.050.680.930.980.690.690.940.770.830.67-0.350.830.840.590.84
-0.870.650.06-0.87-0.97-0.45-0.660.18-0.18-0.810.01-0.64-0.89-0.96-0.75-0.75-0.9-0.83-0.76-0.570.4-0.76-0.79-0.65-0.79
0.71-0.350.680.680.57-0.450.760.320.720.410.710.780.50.490.320.320.610.230.50.690.280.370.530.380.53
0.82-0.380.290.810.69-0.660.760.230.620.840.31.00.630.550.550.550.660.60.460.480.280.350.410.250.41
0.05-0.230.090.05-0.050.180.320.230.630.060.060.27-0.09-0.150.090.09-0.08-0.23-0.34-0.260.17-0.33-0.35-0.33-0.35
0.44-0.050.30.430.37-0.180.720.620.630.290.270.660.30.250.10.10.320.00.210.310.330.180.14-0.140.14
0.84-0.47-0.160.850.77-0.810.410.840.060.29-0.120.810.780.680.710.710.750.890.50.29-0.160.450.450.430.45
0.19-0.190.990.150.050.010.710.30.060.27-0.120.310.020.030.030.030.11-0.260.230.570.540.10.260.170.26
0.8-0.370.30.80.68-0.640.781.00.270.660.810.310.620.540.520.520.640.560.450.470.30.340.390.230.39
0.94-0.61-0.020.950.93-0.890.50.63-0.090.30.780.020.620.910.760.760.970.840.890.67-0.390.870.850.540.85
0.86-0.63-0.020.860.98-0.960.490.55-0.150.250.680.030.540.910.660.660.930.740.850.68-0.460.880.890.650.89
0.73-0.85-0.010.740.69-0.750.320.550.090.10.710.030.520.760.661.00.70.70.50.29-0.350.480.480.390.48
0.73-0.85-0.010.740.69-0.750.320.550.090.10.710.030.520.760.661.00.70.70.50.29-0.350.480.480.390.48
0.97-0.590.050.970.94-0.90.610.66-0.080.320.750.110.640.970.930.70.70.830.870.71-0.40.830.890.670.89
0.82-0.45-0.320.840.77-0.830.230.6-0.230.00.89-0.260.560.840.740.70.70.830.640.35-0.440.590.620.570.62
0.8-0.440.20.790.83-0.760.50.46-0.340.210.50.230.450.890.850.50.50.870.640.9-0.240.970.960.520.96
0.67-0.340.550.650.67-0.570.690.48-0.260.310.290.570.470.670.680.290.290.710.350.90.10.820.880.420.88
-0.220.310.61-0.24-0.350.40.280.280.170.33-0.160.540.3-0.39-0.46-0.35-0.35-0.4-0.44-0.240.1-0.34-0.36-0.55-0.36
0.72-0.460.070.720.83-0.760.370.35-0.330.180.450.10.340.870.880.480.480.830.590.970.82-0.340.930.460.93
0.79-0.480.210.780.84-0.790.530.41-0.350.140.450.260.390.850.890.480.480.890.620.960.88-0.360.930.671.0
0.58-0.320.060.570.59-0.650.380.25-0.33-0.140.430.170.230.540.650.390.390.670.570.520.42-0.550.460.670.67
0.79-0.480.210.780.84-0.790.530.41-0.350.140.450.260.390.850.890.480.480.890.620.960.88-0.360.931.00.67
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Fjordland Exploration Account Relationship Matchups

Fjordland Exploration fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets2.4M2.4M4.5M5.0M4.3M2.6M
Total Current Liabilities42.1K66.2K282.9K279.5K91.2K133.0K
Total Stockholder Equity2.3M2.3M4.2M4.7M4.2M2.4M
Net Tangible Assets2.3M2.3M4.2M4.7M5.4M5.7M
Retained Earnings(17.1M)(17.4M)(18.2M)(18.2M)(18.5M)(19.4M)
Accounts Payable1.3K4.1K179.6K213.8K36.5K70.7K
Cash686.0K310.7K1.7M894.6K435.1K638.4K
Other Assets184.2K99.8K15.2K17.5K15.7K15.0K
Net Receivables38.2K4.4K84.8K46.3K53.2K47.8K
Other Stockholder Equity757.2K792.6K1.1M639.8K735.7K656.4K
Total Liab42.1K94.0K282.9K307.2K91.2K137.0K
Total Current Assets724.4K315.3K1.8M948.0K463.1K688.3K
Common Stock18.7M18.9M21.4M22.3M25.7M19.7M
Property Plant Equipment1.6M2.0M2.7M4.1M4.7M4.9M
Non Current Assets Total1.7M2.0M2.7M4.1M3.8M2.5M
Common Stock Shares Outstanding47.8M50.1M75.3M82.9M95.4M68.2M
Net Invested Capital2.3M2.3M4.2M4.7M4.2M3.6M
Net Working Capital682.2K249.0K1.5M668.5K371.9K601.5K
Capital Stock18.7M18.9M21.4M22.3M25.7M22.4M

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