Giga Net Income Per Share vs Capex To Depreciation Analysis

GIGA Stock

CAD 0.12 0.01 9.09%

Giga Metals financial indicator trend analysis is much more than just examining Giga Metals Corp latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Giga Metals Corp is a good investment. Please check the relationship between Giga Metals Net Income Per Share and its Capex To Depreciation accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Giga Metals 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 nation.

Net Income Per Share vs Capex To Depreciation

Net Income Per Share vs Capex To Depreciation Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Giga Metals Corp Net Income Per Share account and Capex To Depreciation. At this time, the significance of the direction appears to have almost no relationship.

The correlation between Giga Metals' Net Income Per Share and Capex To Depreciation is 0.13. Overlapping area represents the amount of variation of Net Income Per Share that can explain the historical movement of Capex To Depreciation in the same time period over historical financial statements of Giga Metals Corp, assuming nothing else is changed. The correlation between historical values of Giga Metals' Net Income Per Share and Capex To 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 Net Income Per Share of Giga Metals Corp are associated (or correlated) with its Capex To Depreciation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capex To Depreciation has no effect on the direction of Net Income Per Share i.e., Giga Metals' Net Income Per Share and Capex To Depreciation go up and down completely randomly.

Correlation Coefficient

0.13

Relationship Direction	Positive
Relationship Strength	Insignificant

View All Relationships

Net Income Per Share

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.

Most indicators from Giga Metals' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Giga Metals 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Giga Metals 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 nation.

Selling General Administrative is likely to drop to about 1.5 M in 2024. Issuance Of Capital Stock is expected to grow at the current pace this year

	2023	2024 (projected)
Non Recurring	19.4K	16.7K
Interest Income	123.1K	129.3K

Non Recurring Interest Income

Giga Metals fundamental ratios Correlations

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Total Liab	Total Current Assets	Common Stock	Other Current Liab	Other Stockholder Equity	Other Current Assets	Non Current Liabilities Total	Inventory	Short Long Term Debt Total	Short Term Debt	Other Liab	Net Tangible Assets	Other Assets
Total Assets		0.24	0.99	0.75	-0.09	0.34	0.07	0.09	0.98	0.39	0.03	-0.22	0.12	0.44	-0.01	0.32	0.33	-0.26	-0.21	0.46	-0.31	-0.43	-0.05	0.31	0.68	0.62
Total Current Liabilities	0.24		0.15	0.11	-0.62	-0.32	0.92	0.64	0.11	0.06	0.67	0.38	0.74	0.93	0.7	0.43	0.84	-0.17	0.41	0.8	-0.02	-0.16	0.4	0.68	0.01	0.52
Total Stockholder Equity	0.99	0.15		0.74	-0.01	0.4	0.0	0.02	0.99	0.41	-0.04	-0.22	0.03	0.35	-0.08	0.25	0.26	-0.27	-0.24	0.38	-0.3	-0.44	-0.12	0.21	0.71	0.56
Property Plant And Equipment Net	0.75	0.11	0.74		-0.04	0.15	-0.08	0.06	0.75	-0.27	0.0	-0.21	0.25	0.29	-0.03	0.32	0.24	-0.14	-0.15	0.32	-0.25	-0.17	0.21	0.36	0.43	0.55
Net Debt	-0.09	-0.62	-0.01	-0.04		0.45	-0.59	-1.0	0.07	0.17	-0.94	0.07	-0.55	-0.6	-0.89	-0.46	-0.37	0.15	-0.54	-0.47	0.2	-0.25	-0.41	-0.47	0.23	-0.14
Retained Earnings	0.34	-0.32	0.4	0.15	0.45		-0.17	-0.47	0.43	0.36	-0.52	-0.29	-0.7	-0.33	-0.55	-0.77	-0.16	-0.22	-0.48	-0.1	0.6	-0.62	-0.82	-0.45	0.88	0.14
Accounts Payable	0.07	0.92	0.0	-0.08	-0.59	-0.17		0.6	-0.06	0.06	0.66	0.37	0.56	0.74	0.69	0.15	0.69	-0.2	0.5	0.62	0.21	-0.15	0.21	0.5	0.06	0.4
Cash	0.09	0.64	0.02	0.06	-1.0	-0.47	0.6		-0.07	-0.18	0.94	-0.06	0.59	0.63	0.89	0.47	0.41	-0.15	0.53	0.5	-0.21	0.25	0.44	0.49	-0.24	0.15
Non Current Assets Total	0.98	0.11	0.99	0.75	0.07	0.43	-0.06	-0.07		0.42	-0.14	-0.27	0.0	0.32	-0.19	0.22	0.25	-0.22	-0.34	0.38	-0.26	-0.49	-0.13	0.23	0.73	0.6
Non Currrent Assets Other	0.39	0.06	0.41	-0.27	0.17	0.36	0.06	-0.18	0.42		-0.21	-0.03	-0.25	0.13	-0.21	-0.1	0.16	-0.12	-0.26	0.16	-0.06	-0.45	-0.44	-0.17	0.41	0.08
Cash And Short Term Investments	0.03	0.67	-0.04	0.0	-0.94	-0.52	0.66	0.94	-0.14	-0.21		0.17	0.63	0.59	0.98	0.48	0.42	-0.17	0.69	0.39	-0.23	0.32	0.43	0.43	-0.3	0.08
Net Receivables	-0.22	0.38	-0.22	-0.21	0.07	-0.29	0.37	-0.06	-0.27	-0.03	0.17		0.24	0.2	0.33	0.15	0.29	-0.11	0.31	-0.02	-0.15	0.29	0.07	-0.13	-0.27	-0.23
Common Stock Shares Outstanding	0.12	0.74	0.03	0.25	-0.55	-0.7	0.56	0.59	0.0	-0.25	0.63	0.24		0.78	0.65	0.72	0.7	0.04	0.53	0.64	-0.31	0.13	0.84	0.81	-0.37	0.4
Total Liab	0.44	0.93	0.35	0.29	-0.6	-0.33	0.74	0.63	0.32	0.13	0.59	0.2	0.78		0.59	0.59	0.82	-0.15	0.23	0.93	-0.18	-0.2	0.51	0.79	0.08	0.63
Total Current Assets	-0.01	0.7	-0.08	-0.03	-0.89	-0.55	0.69	0.89	-0.19	-0.21	0.98	0.33	0.65	0.59		0.49	0.45	-0.18	0.74	0.36	-0.25	0.36	0.43	0.39	-0.34	0.03
Common Stock	0.32	0.43	0.25	0.32	-0.46	-0.77	0.15	0.47	0.22	-0.1	0.48	0.15	0.72	0.59	0.49		0.31	0.03	0.31	0.38	-0.82	0.32	0.78	0.65	-0.42	0.29
Other Current Liab	0.33	0.84	0.26	0.24	-0.37	-0.16	0.69	0.41	0.25	0.16	0.42	0.29	0.7	0.82	0.45	0.31		-0.1	0.23	0.76	0.05	-0.3	0.3	0.57	0.1	0.5
Other Stockholder Equity	-0.26	-0.17	-0.27	-0.14	0.15	-0.22	-0.2	-0.15	-0.22	-0.12	-0.17	-0.11	0.04	-0.15	-0.18	0.03	-0.1		-0.24	-0.15	-0.09	0.18	0.12	-0.01	-0.34	-0.21
Other Current Assets	-0.21	0.41	-0.24	-0.15	-0.54	-0.48	0.5	0.53	-0.34	-0.26	0.69	0.31	0.53	0.23	0.74	0.31	0.23	-0.24		0.03	-0.1	0.24	0.4	0.28	-0.38	-0.06
Non Current Liabilities Total	0.46	0.8	0.38	0.32	-0.47	-0.1	0.62	0.5	0.38	0.16	0.39	-0.02	0.64	0.93	0.36	0.38	0.76	-0.15	0.03		0.08	-0.39	0.41	0.78	0.29	0.71
Inventory	-0.31	-0.02	-0.3	-0.25	0.2	0.6	0.21	-0.21	-0.26	-0.06	-0.23	-0.15	-0.31	-0.18	-0.25	-0.82	0.05	-0.09	-0.1	0.08		-0.47	-0.43	-0.14	0.42	0.1
Short Long Term Debt Total	-0.43	-0.16	-0.44	-0.17	-0.25	-0.62	-0.15	0.25	-0.49	-0.45	0.32	0.29	0.13	-0.2	0.36	0.32	-0.3	0.18	0.24	-0.39	-0.47		0.41	-0.17	-0.73	-0.5
Short Term Debt	-0.05	0.4	-0.12	0.21	-0.41	-0.82	0.21	0.44	-0.13	-0.44	0.43	0.07	0.84	0.51	0.43	0.78	0.3	0.12	0.4	0.41	-0.43	0.41		0.77	-0.55	0.32
Other Liab	0.31	0.68	0.21	0.36	-0.47	-0.45	0.5	0.49	0.23	-0.17	0.43	-0.13	0.81	0.79	0.39	0.65	0.57	-0.01	0.28	0.78	-0.14	-0.17	0.77		-0.06	0.77
Net Tangible Assets	0.68	0.01	0.71	0.43	0.23	0.88	0.06	-0.24	0.73	0.41	-0.3	-0.27	-0.37	0.08	-0.34	-0.42	0.1	-0.34	-0.38	0.29	0.42	-0.73	-0.55	-0.06		0.49
Other Assets	0.62	0.52	0.56	0.55	-0.14	0.14	0.4	0.15	0.6	0.08	0.08	-0.23	0.4	0.63	0.03	0.29	0.5	-0.21	-0.06	0.71	0.1	-0.5	0.32	0.77	0.49

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Giga Metals Account Relationship Matchups

Giga Metals fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	7.7M	10.2M	15.0M	25.2M	23.3M	17.4M
Total Current Liabilities	459.9K	218.9K	442.9K	705.6K	395.5K	285.9K
Total Stockholder Equity	6.9M	9.6M	14.1M	20.5M	19.0M	16.5M
Property Plant And Equipment Net	4.7M	6.1M	12.6M	17.3M	21.1M	22.1M
Net Debt	(1.3M)	(3.5M)	(1.3M)	(7.0M)	(1.4M)	(1.5M)
Retained Earnings	(56.0M)	(58.0M)	(60.8M)	(59.0M)	(60.9M)	(57.9M)
Accounts Payable	235.4K	81.3K	278.2K	432.4K	127.5K	146.7K
Cash	1.6M	3.8M	1.5M	7.2M	1.5M	1.9M
Non Current Assets Total	5.0M	6.3M	13.1M	17.7M	21.5M	14.9M
Cash And Short Term Investments	1.6M	3.8M	1.5M	7.2M	1.5M	2.1M
Net Receivables	1.1M	103.7K	279.5K	75.1K	97.3K	92.4K
Common Stock Shares Outstanding	51.2M	60.5M	80.8M	96.6M	97.9M	102.8M
Liabilities And Stockholders Equity	7.7M	10.2M	15.0M	25.2M	23.3M	17.4M
Total Liab	877.2K	663.1K	935.4K	1.4M	1.0M	617.2K
Total Current Assets	2.8M	4.0M	1.9M	7.5M	1.8M	2.5M
Common Stock	55.1M	60.2M	65.2M	68.6M	78.9M	56.7M
Other Current Liab	148.4K	49.4K	63.0K	180.9K	158.6K	166.5K
Other Stockholder Equity	7.8M	7.4M	9.6M	10.8M	9.7M	14.5M
Accumulated Other Comprehensive Income	7.8M	(933.0)	(3.2K)	9.8K	11.3M	11.8M
Other Current Assets	64.4K	87.5K	160.3K	184.9K	143.8K	190.2K
Non Current Liabilities Total	417.4K	444.2K	492.5K	664.5K	620.1K	340.2K
Net Tangible Assets	6.8M	6.9M	9.6M	14.1M	12.6M	7.6M
Property Plant Equipment	2.4M	4.7M	6.1M	12.6M	11.4M	6.1M
Net Invested Capital	6.9M	9.6M	14.1M	20.5M	19.0M	12.8M
Net Working Capital	2.3M	3.7M	1.5M	6.8M	1.4M	1.3M
Capital Stock	55.1M	60.2M	65.2M	68.6M	78.9M	68.1M

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