Independence Property Plant And Equipment Net vs Total Liab Analysis

IGO Stock  CAD 0.23  0.01  4.55%   
Independence Gold financial indicator trend analysis is infinitely more than just investigating Independence Gold Corp recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Independence Gold Corp is a good investment. Please check the relationship between Independence Gold Property Plant And Equipment Net and its Total Liab accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Independence Gold 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.

Property Plant And Equipment Net vs Total Liab

Property Plant And Equipment Net vs Total Liab Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Independence Gold Corp Property Plant And Equipment Net account and Total Liab. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Independence Gold's Property Plant And Equipment Net and Total Liab is -0.04. Overlapping area represents the amount of variation of Property Plant And Equipment Net that can explain the historical movement of Total Liab in the same time period over historical financial statements of Independence Gold Corp, assuming nothing else is changed. The correlation between historical values of Independence Gold's Property Plant And Equipment Net and Total Liab is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Property Plant And Equipment Net of Independence Gold Corp are associated (or correlated) with its Total Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Liab has no effect on the direction of Property Plant And Equipment Net i.e., Independence Gold's Property Plant And Equipment Net and Total Liab go up and down completely randomly.

Correlation Coefficient

-0.04
Relationship DirectionNegative 
Relationship StrengthInsignificant

Property Plant And Equipment Net

The total value of a company's physical assets (such as land, buildings, and equipment) used in operations, net of depreciation. It reflects the company's investment in assets used for production.

Total Liab

The total amount of all liabilities that a company has, including both short-term and long-term liabilities.
Most indicators from Independence Gold's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Independence Gold 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 Independence Gold 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, Independence Gold's Issuance Of Capital Stock is fairly stable compared to the past year. Enterprise Value is likely to climb to about 32.4 M in 2024, whereas Selling General Administrative is likely to drop slightly above 728.5 K in 2024.
 2021 2022 2023 2024 (projected)
Depreciation And Amortization99.1K95.8K98.8K98.0K
Interest Income2.9K2.2K2.6K2.5K

Independence Gold fundamental ratios Correlations

1.00.89-0.810.940.790.890.950.74-0.790.510.190.760.140.950.680.79-0.50.91-0.12-0.670.38-0.760.820.780.54
1.00.9-0.80.940.780.890.940.72-0.80.530.160.770.080.940.640.76-0.510.92-0.1-0.660.35-0.780.830.80.55
0.890.9-0.520.930.511.00.70.54-0.850.540.030.7-0.040.70.410.53-0.540.92-0.1-0.690.21-0.90.990.940.4
-0.81-0.8-0.52-0.65-1.0-0.52-0.9-0.880.54-0.01-0.57-0.51-0.33-0.91-0.81-0.850.23-0.550.110.44-0.580.35-0.4-0.36-0.42
0.940.940.93-0.650.640.930.820.62-0.940.580.050.76-0.030.820.520.64-0.720.98-0.25-0.680.3-0.910.890.880.44
0.790.780.51-1.00.640.50.880.88-0.55-0.020.610.480.370.890.830.85-0.240.53-0.16-0.460.6-0.340.380.340.38
0.890.891.0-0.520.930.50.690.54-0.850.540.020.71-0.050.690.40.52-0.540.92-0.09-0.690.2-0.90.990.940.41
0.950.940.7-0.90.820.880.690.75-0.650.450.270.690.241.00.780.87-0.40.78-0.13-0.570.45-0.570.60.570.56
0.740.720.54-0.880.620.880.540.75-0.58-0.060.540.580.310.770.770.81-0.260.510.1-0.260.4-0.380.430.430.38
-0.79-0.8-0.850.54-0.94-0.55-0.85-0.65-0.58-0.42-0.13-0.640.05-0.65-0.41-0.510.81-0.90.390.65-0.260.9-0.83-0.82-0.25
0.510.530.54-0.010.58-0.020.540.45-0.06-0.42-0.590.58-0.20.430.10.23-0.510.69-0.06-0.37-0.15-0.610.570.610.47
0.190.160.03-0.570.050.610.020.270.54-0.13-0.59-0.160.640.290.520.420.1-0.1-0.33-0.30.440.11-0.07-0.21-0.31
0.760.770.7-0.510.760.480.710.690.58-0.640.58-0.16-0.120.690.40.52-0.520.80.15-0.40.22-0.630.680.710.56
0.140.08-0.04-0.33-0.030.37-0.050.240.310.05-0.20.64-0.120.240.730.60.16-0.12-0.26-0.240.570.21-0.13-0.24-0.22
0.950.940.7-0.910.820.890.691.00.77-0.650.430.290.690.240.790.88-0.40.77-0.12-0.570.46-0.570.590.570.56
0.680.640.41-0.810.520.830.40.780.77-0.410.10.520.40.730.790.98-0.180.41-0.14-0.360.65-0.220.270.240.27
0.790.760.53-0.850.640.850.520.870.81-0.510.230.420.520.60.880.98-0.280.55-0.11-0.410.59-0.360.40.360.35
-0.5-0.51-0.540.23-0.72-0.24-0.54-0.4-0.260.81-0.510.1-0.520.16-0.4-0.18-0.28-0.710.560.51-0.110.76-0.54-0.55-0.02
0.910.920.92-0.550.980.530.920.780.51-0.90.69-0.10.8-0.120.770.410.55-0.71-0.21-0.680.22-0.90.90.920.53
-0.12-0.1-0.10.11-0.25-0.16-0.09-0.130.10.39-0.06-0.330.15-0.26-0.12-0.14-0.110.56-0.210.64-0.320.3-0.080.030.41
-0.67-0.66-0.690.44-0.68-0.46-0.69-0.57-0.260.65-0.37-0.3-0.4-0.24-0.57-0.36-0.410.51-0.680.64-0.330.65-0.67-0.53-0.05
0.380.350.21-0.580.30.60.20.450.4-0.26-0.150.440.220.570.460.650.59-0.110.22-0.32-0.33-0.090.120.03-0.02
-0.76-0.78-0.90.35-0.91-0.34-0.9-0.57-0.380.9-0.610.11-0.630.21-0.57-0.22-0.360.76-0.90.30.65-0.09-0.92-0.86-0.22
0.820.830.99-0.40.890.380.990.60.43-0.830.57-0.070.68-0.130.590.270.4-0.540.9-0.08-0.670.12-0.920.960.38
0.780.80.94-0.360.880.340.940.570.43-0.820.61-0.210.71-0.240.570.240.36-0.550.920.03-0.530.03-0.860.960.56
0.540.550.4-0.420.440.380.410.560.38-0.250.47-0.310.56-0.220.560.270.35-0.020.530.41-0.05-0.02-0.220.380.56
Click cells to compare fundamentals

Independence Gold Account Relationship Matchups

Independence Gold fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets12.4M14.4M7.0M6.5M8.5M13.1M
Total Stockholder Equity11.4M13.3M6.2M5.7M7.6M12.6M
Property Plant And Equipment Net11.5M11.3M4.9M4.8M4.6M8.5M
Net Debt183.6K(2.0M)(1.4M)(1.0M)(3.2M)(3.3M)
Retained Earnings(24.6M)(25.7M)(34.6M)(36.6M)(40.4M)(38.4M)
Cash721.7K2.8M2.0M1.6M3.6M2.7M
Non Current Assets Total11.5M11.4M4.9M4.8M4.8M8.6M
Cash And Short Term Investments846.1K2.9M2.0M1.6M3.6M4.4M
Net Receivables53.9K97.2K75.3K20.0K76.0K129.7K
Common Stock Shares Outstanding56.2M66.1M88.6M104.4M138.7M145.6M
Short Term Investments124.4K132.5K57.8K12.3K22.0K20.9K
Liabilities And Stockholders Equity12.4M14.4M7.0M6.5M8.5M13.1M
Non Current Liabilities Total781.0K670.4K509.8K420.8K310.1K451.3K
Other Stockholder Equity454.8K1.2M1.2M1.0M925.1K878.8K
Total Liab1.1M1.1M787.8K749.4K866.3K669.4K
Total Current Assets900.0K3.0M2.1M1.6M3.7M4.5M
Total Current Liabilities269.7K398.3K277.9K328.6K556.2K281.2K
Accounts Payable15.9K91.0K47.3K96.7K243.9K170.8K
Accumulated Other Comprehensive Income454.8K1.2M1.2M1.0M1.6M840.2K
Net Tangible Assets11.4M13.3M6.2M5.7M5.1M4.9M
Non Currrent Assets Other70.7K55.2K39.3K39.3K154.7K162.5K
Other Assets127.2K111.3K151.3K154.7K178.0K152.9K
Common Stock35.5M37.9M39.6M41.2M46.4M40.6M
Property Plant Equipment11.4M11.2M4.8M4.7M4.2M8.3M
Net Invested Capital11.4M13.3M6.2M5.7M7.6M8.2M
Net Working Capital630.3K2.6M1.8M1.3M3.2M2.3M
Capital Stock35.5M37.9M39.6M41.2M46.4M43.3M

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