Ironveld Total Current Assets vs Cash Analysis

IRON Stock   0.04  0  2.74%   
Ironveld Plc financial indicator trend analysis is infinitely more than just investigating Ironveld Plc recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Ironveld Plc is a good investment. Please check the relationship between Ironveld Plc Total Current Assets and its Cash accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Ironveld Plc. 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.

Total Current Assets vs Cash

Total Current Assets vs Cash Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Ironveld Plc Total Current Assets account and Cash. At this time, the significance of the direction appears to have fragmental relationship.
Total Current AssetsCashDiversified AwayTotal Current AssetsCashDiversified Away100%
The correlation between Ironveld Plc's Total Current Assets and Cash is 0.58. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Cash in the same time period over historical financial statements of Ironveld Plc, assuming nothing else is changed. The correlation between historical values of Ironveld Plc's Total Current Assets and Cash is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Current Assets of Ironveld Plc are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Total Current Assets i.e., Ironveld Plc's Total Current Assets and Cash go up and down completely randomly.

Correlation Coefficient

0.58
Relationship DirectionPositive 
Relationship StrengthWeak

Total Current Assets

The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.

Cash

Cash refers to the most liquid asset of Ironveld Plc, which is listed under current asset account on Ironveld Plc balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Ironveld Plc customers. The amounts must be unrestricted with restricted cash listed in a different Ironveld Plc account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.
Most indicators from Ironveld Plc's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Ironveld Plc 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 Ironveld Plc. 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, Ironveld Plc's Selling General Administrative is comparatively stable compared to the past year. Issuance Of Capital Stock is likely to gain to about 6.9 M in 2024, whereas Discontinued Operations is likely to drop slightly above 96 K in 2024.
 2021 2022 2024 (projected)
Interest Expense17K15K3.8K
Depreciation And Amortization1K17K303.5K

Ironveld Plc fundamental ratios Correlations

0.290.660.540.960.470.14-0.810.010.071.0-0.010.070.340.540.89-0.480.150.910.90.580.170.350.250.380.54
0.29-0.250.090.05-0.320.6-0.25-0.190.580.250.270.580.33-0.310.56-0.480.230.280.52-0.450.470.920.49-0.17-0.31
0.66-0.250.570.640.190.02-0.380.46-0.310.650.19-0.31-0.010.670.60.020.350.440.640.460.160.0-0.120.570.32
0.540.090.570.490.050.26-0.40.41-0.060.550.12-0.060.030.640.47-0.23-0.030.40.60.33-0.030.1-0.060.430.39
0.960.050.640.490.68-0.04-0.82-0.05-0.070.97-0.2-0.070.260.610.73-0.45-0.010.910.740.78-0.030.090.130.340.72
0.47-0.320.190.050.68-0.34-0.58-0.46-0.220.51-0.73-0.220.20.280.07-0.42-0.360.620.070.89-0.39-0.39-0.08-0.080.8
0.140.60.020.26-0.04-0.34-0.120.06-0.240.140.32-0.24-0.050.010.34-0.180.20.070.35-0.320.060.60.0-0.17-0.05
-0.81-0.25-0.38-0.4-0.82-0.58-0.120.290.02-0.840.10.02-0.34-0.39-0.640.410.28-0.96-0.65-0.580.22-0.18-0.08-0.23-0.66
0.01-0.190.460.41-0.05-0.460.060.29-0.140.010.49-0.14-0.470.630.190.420.16-0.30.24-0.040.08-0.09-0.30.45-0.24
0.070.58-0.31-0.06-0.07-0.22-0.240.02-0.140.020.051.00.47-0.450.26-0.340.140.070.22-0.350.580.510.610.05-0.49
1.00.250.650.550.970.510.14-0.840.010.02-0.030.020.320.580.86-0.460.070.930.880.620.080.290.210.390.6
-0.010.270.190.12-0.2-0.730.320.10.490.05-0.030.05-0.240.120.30.380.23-0.160.29-0.550.220.360.140.31-0.49
0.070.58-0.31-0.06-0.07-0.22-0.240.02-0.141.00.020.050.47-0.450.26-0.340.140.070.22-0.350.580.510.610.05-0.49
0.340.33-0.010.030.260.2-0.05-0.34-0.470.470.32-0.240.47-0.380.34-0.470.090.440.310.030.290.270.670.370.14
0.54-0.310.670.640.610.280.01-0.390.63-0.450.580.12-0.45-0.380.390.15-0.210.370.460.66-0.37-0.29-0.430.430.54
0.890.560.60.470.730.070.34-0.640.190.260.860.30.260.340.39-0.390.350.730.990.190.430.650.360.420.14
-0.48-0.480.02-0.23-0.45-0.42-0.180.410.42-0.34-0.460.38-0.34-0.470.15-0.39-0.16-0.53-0.4-0.26-0.3-0.43-0.580.17-0.28
0.150.230.35-0.03-0.01-0.360.20.280.160.140.070.230.140.09-0.210.35-0.16-0.110.31-0.380.890.560.29-0.04-0.46
0.910.280.440.40.910.620.07-0.96-0.30.070.93-0.160.070.440.370.73-0.53-0.110.730.61-0.040.260.230.260.66
0.90.520.640.60.740.070.35-0.650.240.220.880.290.220.310.460.99-0.40.310.730.230.380.610.320.450.2
0.58-0.450.460.330.780.89-0.32-0.58-0.04-0.350.62-0.55-0.350.030.660.19-0.26-0.380.610.23-0.46-0.49-0.220.210.86
0.170.470.16-0.03-0.03-0.390.060.220.080.580.080.220.580.29-0.370.43-0.30.89-0.040.38-0.460.70.530.0-0.59
0.350.920.00.10.09-0.390.6-0.18-0.090.510.290.360.510.27-0.290.65-0.430.560.260.61-0.490.70.47-0.13-0.41
0.250.49-0.12-0.060.13-0.080.0-0.08-0.30.610.210.140.610.67-0.430.36-0.580.290.230.32-0.220.530.470.26-0.17
0.38-0.170.570.430.34-0.08-0.17-0.230.450.050.390.310.050.370.430.420.17-0.040.260.450.210.0-0.130.260.18
0.54-0.310.320.390.720.8-0.05-0.66-0.24-0.490.6-0.49-0.490.140.540.14-0.28-0.460.660.20.86-0.59-0.41-0.170.18
Click cells to compare fundamentals

Ironveld Plc Account Relationship Matchups

Ironveld Plc fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets28.5M23.7M26.6M26.6M31.5M5.9M
Other Current Liab602K744K242K483K1.1M74.1K
Total Current Liabilities610K1.0M272K1.1M1.9M286.9K
Total Stockholder Equity19.0M15.2M18.2M17.4M19.4M5.4M
Property Plant And Equipment Net27.4M23.6M26.2M26.4M6.9M1.2M
Net Debt(566K)182K(270K)482K18K(177.7K)
Retained Earnings(10.5M)(14.5M)(13.5M)(8.4M)(8.8M)1.5M
Accounts Payable8K48K25K132K753K200.1K
Cash566K28K270K17K19K369.2K
Non Current Assets Total27.8M23.6M26.2M26.4M31.1M5.1M
Non Currrent Assets Other390K2K3K24.1M(412K)(391.4K)
Cash And Short Term Investments566K28K270K17K19K369.2K
Common Stock Shares Outstanding602.8M655.0M1.0B1.3B3.0B34.0M
Liabilities And Stockholders Equity28.5M23.7M26.6M26.6M31.5M5.9M
Non Current Liabilities Total5.2M4.4M4.8M4.7M7.5M265.1K
Other Current Assets177K156K76K198K307K317.3K
Total Liab5.9M5.4M5.0M5.8M9.3M552.0K
Property Plant And Equipment Gross27.4M23.6M26.2M26.4M31.0M1.2M
Total Current Assets722K104K447K215K371K596.3K
Accumulated Other Comprehensive Income(36K)189K15K(6.0M)(9.8M)(1.2M)
Common Stock9.8M6.6M1.3M1.3M12.7M5.3M
Other Liab5.2M4.4M4.8M4.7M219.7K208.7K
Net Tangible Assets(8.5M)(8.4M)(8.0M)(9.0M)1.4M1.4M
Net Receivables177K156K76K198K307K226.5K
Net Invested Capital15.4M18.2M17.9M19.4M22.3M19.9M
Net Working Capital(911K)175K(903K)(1.5M)(1.4M)(1.3M)

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