Itech Non Current Liabilities Total vs Net Debt Analysis

ITM Stock

0.06 0 5.00%

Itech Minerals financial indicator trend analysis is infinitely more than just investigating Itech Minerals recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Itech Minerals is a good investment. Please check the relationship between Itech Minerals Non Current Liabilities Total and its Net Debt accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Itech Minerals. 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.

Non Current Liabilities Total vs Net Debt

Non Current Liabilities Total vs Net Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Itech Minerals Non Current Liabilities Total account and Net Debt. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Itech Minerals' Non Current Liabilities Total and Net Debt is 0.52. Overlapping area represents the amount of variation of Non Current Liabilities Total that can explain the historical movement of Net Debt in the same time period over historical financial statements of Itech Minerals, assuming nothing else is changed. The correlation between historical values of Itech Minerals' Non Current Liabilities Total and Net Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Current Liabilities Total of Itech Minerals are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Non Current Liabilities Total i.e., Itech Minerals' Non Current Liabilities Total and Net Debt go up and down completely randomly.

Correlation Coefficient

0.52

Relationship Direction	Positive
Relationship Strength	Weak

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Non Current Liabilities Total

Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.

Most indicators from Itech Minerals' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Itech Minerals 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 Itech Minerals. 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 drop to about 498.6 K in 2024. Issuance Of Capital Stock is likely to drop to about 5.4 M in 2024

	2010	2022	2023	2024 (projected)
Interest Income	3.9K	151.7K	174.4K	183.2K
Net Interest Income	3.9K	151.7K	174.4K	183.2K

Interest Income Net Interest Income

Itech Minerals fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Tangible Assets	Net Debt	Retained Earnings	Accounts Payable	Cash	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Other Current Assets	Total Liab	Total Current Assets	Common Stock	Short Long Term Debt Total	Property Plant And Equipment Net	Non Current Assets Total	Non Current Liabilities Total	Capital Lease Obligations	Inventory	Net Invested Capital	Property Plant And Equipment Gross	Capital Stock	Net Working Capital
Total Assets		0.94	0.99	1.0	0.99	-0.81	-0.92	0.96	0.81	0.81	0.9	0.84	-0.97	0.99	0.88	1.0	-0.86	-0.22	0.81	-0.87	-0.87	-0.87	0.85	0.84	0.85	0.86
Other Current Liab	0.94		0.96	0.94	0.93	-0.83	-0.87	0.88	0.83	0.83	0.98	0.85	-0.98	0.94	0.89	0.94	-0.94	-0.44	0.8	-0.9	-0.93	-0.95	0.87	0.86	0.88	0.89
Total Current Liabilities	0.99	0.96		0.99	0.97	-0.86	-0.89	0.97	0.86	0.86	0.91	0.8	-0.97	1.0	0.93	0.99	-0.87	-0.34	0.76	-0.84	-0.86	-0.87	0.81	0.8	0.81	0.82
Total Stockholder Equity	1.0	0.94	0.99		0.99	-0.8	-0.92	0.96	0.81	0.81	0.9	0.84	-0.97	0.99	0.87	1.0	-0.86	-0.22	0.81	-0.87	-0.88	-0.88	0.85	0.84	0.85	0.86
Net Tangible Assets	0.99	0.93	0.97	0.99		-0.76	-0.92	0.93	0.77	0.77	0.91	0.85	-0.96	0.97	0.82	0.99	-0.84	-0.14	0.84	-0.88	-0.88	-0.87	0.88	0.87	0.88	0.89
Net Debt	-0.81	-0.83	-0.86	-0.8	-0.76		0.53	-0.88	-1.0	-1.0	-0.71	-0.43	0.75	-0.87	-0.96	-0.79	0.61	0.68	-0.35	0.52	0.56	0.61	-0.48	-0.45	-0.48	-0.51
Retained Earnings	-0.92	-0.87	-0.89	-0.92	-0.92	0.53		-0.82	-0.53	-0.53	-0.89	-0.97	0.94	-0.88	-0.68	-0.93	0.92	0.0	-0.96	0.96	0.94	0.93	-0.93	-0.94	-0.93	-0.92
Accounts Payable	0.96	0.88	0.97	0.96	0.93	-0.88	-0.82		0.88	0.88	0.79	0.68	-0.89	0.99	0.94	0.95	-0.76	-0.33	0.64	-0.72	-0.73	-0.75	0.68	0.67	0.68	0.69
Cash	0.81	0.83	0.86	0.81	0.77	-1.0	-0.53	0.88		1.0	0.71	0.43	-0.75	0.87	0.96	0.79	-0.6	-0.66	0.36	-0.51	-0.56	-0.6	0.48	0.45	0.49	0.51
Cash And Short Term Investments	0.81	0.83	0.86	0.81	0.77	-1.0	-0.53	0.88	1.0		0.71	0.43	-0.75	0.87	0.96	0.79	-0.6	-0.66	0.36	-0.51	-0.56	-0.6	0.48	0.45	0.49	0.51
Net Receivables	0.9	0.98	0.91	0.9	0.91	-0.71	-0.89	0.79	0.71	0.71		0.91	-0.97	0.88	0.78	0.91	-0.96	-0.33	0.87	-0.96	-0.97	-0.98	0.94	0.93	0.94	0.96
Common Stock Shares Outstanding	0.84	0.85	0.8	0.84	0.85	-0.43	-0.97	0.68	0.43	0.43	0.91		-0.92	0.78	0.57	0.85	-0.95	0.02	0.99	-0.99	-0.98	-0.96	0.98	0.98	0.98	0.97
Other Current Assets	-0.97	-0.98	-0.97	-0.97	-0.96	0.75	0.94	-0.89	-0.75	-0.75	-0.97	-0.92		-0.95	-0.84	-0.97	0.96	0.28	-0.88	0.95	0.96	0.96	-0.92	-0.91	-0.92	-0.93
Total Liab	0.99	0.94	1.0	0.99	0.97	-0.87	-0.88	0.99	0.87	0.87	0.88	0.78	-0.95		0.93	0.99	-0.84	-0.33	0.74	-0.82	-0.83	-0.85	0.78	0.77	0.79	0.8
Total Current Assets	0.88	0.89	0.93	0.87	0.82	-0.96	-0.68	0.94	0.96	0.96	0.78	0.57	-0.84	0.93		0.86	-0.74	-0.63	0.49	-0.64	-0.67	-0.73	0.57	0.55	0.57	0.59
Common Stock	1.0	0.94	0.99	1.0	0.99	-0.79	-0.93	0.95	0.79	0.79	0.91	0.85	-0.97	0.99	0.86		-0.87	-0.2	0.83	-0.88	-0.89	-0.88	0.86	0.86	0.87	0.87
Short Long Term Debt Total	-0.86	-0.94	-0.87	-0.86	-0.84	0.61	0.92	-0.76	-0.6	-0.6	-0.96	-0.95	0.96	-0.84	-0.74	-0.87		0.3	-0.9	0.97	0.98	1.0	-0.92	-0.91	-0.92	-0.93
Property Plant And Equipment Net	-0.22	-0.44	-0.34	-0.22	-0.14	0.68	0.0	-0.33	-0.66	-0.66	-0.33	0.02	0.28	-0.33	-0.63	-0.2	0.3		0.13	0.1	0.16	0.27	0.0	0.03	-0.01	-0.05
Non Current Assets Total	0.81	0.8	0.76	0.81	0.84	-0.35	-0.96	0.64	0.36	0.36	0.87	0.99	-0.88	0.74	0.49	0.83	-0.9	0.13		-0.97	-0.96	-0.92	0.98	0.98	0.97	0.96
Non Current Liabilities Total	-0.87	-0.9	-0.84	-0.87	-0.88	0.52	0.96	-0.72	-0.51	-0.51	-0.96	-0.99	0.95	-0.82	-0.64	-0.88	0.97	0.1	-0.97		1.0	0.98	-0.99	-0.98	-0.99	-0.99
Capital Lease Obligations	-0.87	-0.93	-0.86	-0.88	-0.88	0.56	0.94	-0.73	-0.56	-0.56	-0.97	-0.98	0.96	-0.83	-0.67	-0.89	0.98	0.16	-0.96	1.0		0.99	-0.98	-0.98	-0.98	-0.98
Inventory	-0.87	-0.95	-0.87	-0.88	-0.87	0.61	0.93	-0.75	-0.6	-0.6	-0.98	-0.96	0.96	-0.85	-0.73	-0.88	1.0	0.27	-0.92	0.98	0.99		-0.95	-0.94	-0.95	-0.96
Net Invested Capital	0.85	0.87	0.81	0.85	0.88	-0.48	-0.93	0.68	0.48	0.48	0.94	0.98	-0.92	0.78	0.57	0.86	-0.92	0.0	0.98	-0.99	-0.98	-0.95		1.0	1.0	1.0
Property Plant And Equipment Gross	0.84	0.86	0.8	0.84	0.87	-0.45	-0.94	0.67	0.45	0.45	0.93	0.98	-0.91	0.77	0.55	0.86	-0.91	0.03	0.98	-0.98	-0.98	-0.94	1.0		1.0	1.0
Capital Stock	0.85	0.88	0.81	0.85	0.88	-0.48	-0.93	0.68	0.49	0.49	0.94	0.98	-0.92	0.79	0.57	0.87	-0.92	-0.01	0.97	-0.99	-0.98	-0.95	1.0	1.0		1.0
Net Working Capital	0.86	0.89	0.82	0.86	0.89	-0.51	-0.92	0.69	0.51	0.51	0.96	0.97	-0.93	0.8	0.59	0.87	-0.93	-0.05	0.96	-0.99	-0.98	-0.96	1.0	1.0	1.0

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Itech Non Current Liabilities Total vs Net Debt Analysis

Non Current Liabilities Total vs Net Debt

Non Current Liabilities Total vs Net Debt Correlation Analysis

Correlation Coefficient

Non Current Liabilities Total

Net Debt

Itech Minerals fundamental ratios Correlations

Itech Minerals Account Relationship Matchups

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Total Stockholder Equity	+ 1.0	Total Assets
Common Stock	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Current Liabilities
Common Stock	+ 1.0	Total Stockholder Equity
Cash And Short Term Investments	+ 1.0	Cash
Inventory	+ 1.0	Short Long Term Debt Total

Cash And Short Term Investments	- 1.0	Net Debt
Cash	- 1.0	Net Debt
Net Working Capital	- 0.99	Non Current Liabilities Total
Capital Stock	- 0.99	Non Current Liabilities Total
Net Invested Capital	- 0.99	Non Current Liabilities Total
Non Current Liabilities Total	- 0.99	Common Stock Shares Outstanding