K92 Cash And Short Term Investments vs Net Debt Analysis

KNT Stock

CAD 9.12 0.11 1.22%

K92 Mining financial indicator trend analysis is infinitely more than just investigating K92 Mining recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether K92 Mining is a good investment. Please check the relationship between K92 Mining Cash And Short Term Investments and its Net Debt accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in K92 Mining. 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.

Cash And Short Term Investments vs Net Debt

Cash And Short Term Investments vs Net Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of K92 Mining Cash And Short Term Investments account and Net Debt. At this time, the significance of the direction appears to have pay attention.

The correlation between K92 Mining's Cash And Short Term Investments and Net Debt is -0.99. Overlapping area represents the amount of variation of Cash And Short Term Investments that can explain the historical movement of Net Debt in the same time period over historical financial statements of K92 Mining, assuming nothing else is changed. The correlation between historical values of K92 Mining's Cash And Short Term Investments 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 Cash And Short Term Investments of K92 Mining 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 Cash And Short Term Investments i.e., K92 Mining's Cash And Short Term Investments and Net Debt go up and down completely randomly.

Correlation Coefficient

-0.99

Relationship Direction	Negative
Relationship Strength	Significant

View All Relationships

Cash And Short Term Investments

Short Term Investments is an account in the current assets section of K92 Mining balance sheet. This account contains K92 Mining investments that will expire within one year. These investments include stocks and bonds that can be liquidated by K92 Mining fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.

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 K92 Mining's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into K92 Mining 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in K92 Mining. 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, K92 Mining's Selling General Administrative is very stable compared to the past year. As of the 29th of November 2024, Sales General And Administrative To Revenue is likely to grow to 0.06, while Tax Provision is likely to drop about 10.3 M.

	2021	2022	2023	2024 (projected)
Total Operating Expenses	23.5M	26.4M	32.7M	34.3M
Cost Of Revenue	83.3M	96.3M	111.4M	117.0M

Total Operating Expenses Cost Of Revenue

K92 Mining fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Common Stock Shares Outstanding	Common Stock	Short Long Term Debt Total	Current Deferred Revenue	Accounts Payable	Non Current Liabilities Total	Short Term Debt	Other Liab
Total Assets		0.28	0.99	1.0	0.99	-0.94	0.97	0.95	0.99	0.14	0.14	0.96	0.97	0.99	0.91	0.98	0.98	0.98	0.77	0.98	0.63	0.97	0.85	0.81	0.69	0.94
Other Current Liab	0.28		0.38	0.26	0.23	-0.42	0.14	0.41	0.25	0.16	0.39	0.39	0.26	0.19	0.41	0.27	0.39	0.33	0.46	0.4	0.39	0.21	0.43	0.44	0.3	0.23
Total Current Liabilities	0.99	0.38		0.98	0.97	-0.93	0.93	0.94	0.98	0.17	0.26	0.95	0.96	0.97	0.9	0.98	1.0	0.97	0.84	1.0	0.68	0.94	0.89	0.85	0.71	0.9
Total Stockholder Equity	1.0	0.26	0.98		0.99	-0.93	0.98	0.95	0.99	0.13	0.12	0.96	0.97	0.99	0.91	0.97	0.98	0.98	0.76	0.98	0.62	0.98	0.84	0.8	0.69	0.94
Property Plant And Equipment Net	0.99	0.23	0.97	0.99		-0.9	0.97	0.9	0.99	0.12	0.12	0.92	0.93	0.98	0.91	0.96	0.97	0.95	0.71	0.97	0.56	0.96	0.83	0.79	0.62	0.96
Net Debt	-0.94	-0.42	-0.93	-0.93	-0.9		-0.92	-0.99	-0.89	-0.14	0.0	-0.99	-0.93	-0.93	-0.93	-0.91	-0.92	-0.98	-0.71	-0.9	-0.59	-0.9	-0.85	-0.8	-0.62	-0.9
Retained Earnings	0.97	0.14	0.93	0.98	0.97	-0.92		0.93	0.96	0.09	-0.06	0.95	0.95	0.98	0.9	0.93	0.92	0.97	0.65	0.92	0.53	0.98	0.76	0.72	0.63	0.95
Cash	0.95	0.41	0.94	0.95	0.9	-0.99	0.93		0.9	0.14	0.05	1.0	0.95	0.94	0.92	0.93	0.94	0.99	0.74	0.92	0.67	0.92	0.84	0.83	0.69	0.89
Non Current Assets Total	0.99	0.25	0.98	0.99	0.99	-0.89	0.96	0.9		0.14	0.18	0.92	0.94	0.98	0.88	0.97	0.97	0.95	0.77	0.98	0.6	0.97	0.83	0.8	0.67	0.94
Non Currrent Assets Other	0.14	0.16	0.17	0.13	0.12	-0.14	0.09	0.14	0.14		0.23	0.13	0.16	0.13	0.1	0.17	0.18	0.14	0.33	0.17	0.18	0.1	0.34	0.3	0.2	0.07
Other Assets	0.14	0.39	0.26	0.12	0.12	0.0	-0.06	0.05	0.18	0.23		0.04	0.16	0.09	0.0	0.25	0.29	0.08	0.59	0.3	0.53	0.02	0.38	0.4	0.38	-0.08
Cash And Short Term Investments	0.96	0.39	0.95	0.96	0.92	-0.99	0.95	1.0	0.92	0.13	0.04		0.96	0.95	0.93	0.94	0.95	0.99	0.74	0.93	0.65	0.93	0.84	0.83	0.68	0.91
Net Receivables	0.97	0.26	0.96	0.97	0.93	-0.93	0.95	0.95	0.94	0.16	0.16	0.96		0.97	0.86	0.96	0.95	0.98	0.82	0.95	0.68	0.95	0.83	0.77	0.78	0.85
Inventory	0.99	0.19	0.97	0.99	0.98	-0.93	0.98	0.94	0.98	0.13	0.09	0.95	0.97		0.9	0.97	0.97	0.98	0.74	0.96	0.62	0.97	0.83	0.8	0.69	0.93
Other Current Assets	0.91	0.41	0.9	0.91	0.91	-0.93	0.9	0.92	0.88	0.1	0.0	0.93	0.86	0.9		0.84	0.9	0.92	0.59	0.89	0.53	0.88	0.78	0.75	0.58	0.93
Other Stockholder Equity	0.98	0.27	0.98	0.97	0.96	-0.91	0.93	0.93	0.97	0.17	0.25	0.94	0.96	0.97	0.84		0.98	0.96	0.84	0.97	0.69	0.92	0.89	0.85	0.69	0.88
Total Liab	0.98	0.39	1.0	0.98	0.97	-0.92	0.92	0.94	0.97	0.18	0.29	0.95	0.95	0.97	0.9	0.98		0.96	0.83	0.99	0.71	0.92	0.9	0.89	0.71	0.9
Total Current Assets	0.98	0.33	0.97	0.98	0.95	-0.98	0.97	0.99	0.95	0.14	0.08	0.99	0.98	0.98	0.92	0.96	0.96		0.76	0.95	0.66	0.95	0.85	0.82	0.7	0.91
Common Stock Shares Outstanding	0.77	0.46	0.84	0.76	0.71	-0.71	0.65	0.74	0.77	0.33	0.59	0.74	0.82	0.74	0.59	0.84	0.83	0.76		0.85	0.77	0.7	0.86	0.82	0.8	0.55
Common Stock	0.98	0.4	1.0	0.98	0.97	-0.9	0.92	0.92	0.98	0.17	0.3	0.93	0.95	0.96	0.89	0.97	0.99	0.95	0.85		0.67	0.94	0.88	0.84	0.72	0.89
Short Long Term Debt Total	0.63	0.39	0.68	0.62	0.56	-0.59	0.53	0.67	0.6	0.18	0.53	0.65	0.68	0.62	0.53	0.69	0.71	0.66	0.77	0.67		0.59	0.62	0.81	0.88	0.42
Current Deferred Revenue	0.97	0.21	0.94	0.98	0.96	-0.9	0.98	0.92	0.97	0.1	0.02	0.93	0.95	0.97	0.88	0.92	0.92	0.95	0.7	0.94	0.59		0.73	0.72	0.72	0.92
Accounts Payable	0.85	0.43	0.89	0.84	0.83	-0.85	0.76	0.84	0.83	0.34	0.38	0.84	0.83	0.83	0.78	0.89	0.9	0.85	0.86	0.88	0.62	0.73		0.91	0.57	0.76
Non Current Liabilities Total	0.81	0.44	0.85	0.8	0.79	-0.8	0.72	0.83	0.8	0.3	0.4	0.83	0.77	0.8	0.75	0.85	0.89	0.82	0.82	0.84	0.81	0.72	0.91		0.67	0.73
Short Term Debt	0.69	0.3	0.71	0.69	0.62	-0.62	0.63	0.69	0.67	0.2	0.38	0.68	0.78	0.69	0.58	0.69	0.71	0.7	0.8	0.72	0.88	0.72	0.57	0.67		0.46
Other Liab	0.94	0.23	0.9	0.94	0.96	-0.9	0.95	0.89	0.94	0.07	-0.08	0.91	0.85	0.93	0.93	0.88	0.9	0.91	0.55	0.89	0.42	0.92	0.76	0.73	0.46

Click cells to compare fundamentals

K92 Mining Account Relationship Matchups

K92 Mining fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	155.0M	215.5M	273.0M	370.7M	412.8M	433.5M
Other Current Liab	10.1M	280K	425K	31.3M	1.2M	1.1M
Total Current Liabilities	22.2M	29.7M	33.0M	48.2M	47.9M	50.3M
Total Stockholder Equity	124.7M	181.5M	225.1M	309.3M	350.9M	368.4M
Property Plant And Equipment Net	78.4M	98.6M	141.7M	194.8M	265.3M	278.6M
Net Debt	(7.2M)	(44.1M)	(57.2M)	(99.8M)	(67.9M)	(64.5M)
Retained Earnings	36.1M	78.1M	105.3M	140.9M	174.0M	182.7M
Cash	21.6M	51.5M	71.3M	109.9M	72.7M	76.3M
Non Current Assets Total	107.8M	115.0M	151.5M	197.4M	265.3M	278.6M
Other Assets	29.7M	16.5M	11.7M	6.9M	8.0M	10.0M
Cash And Short Term Investments	21.6M	51.5M	71.3M	109.9M	79.1M	83.1M
Net Receivables	13.1M	26.1M	23.2M	29.3M	27.8M	29.2M
Liabilities And Stockholders Equity	155.0M	215.5M	273.0M	370.7M	412.8M	433.5M
Inventory	11.5M	21.0M	25.4M	28.5M	36.0M	37.8M
Other Current Assets	1.0M	2.0M	1.6M	5.6M	4.5M	4.7M
Other Stockholder Equity	12.1M	20.2M	28.0M	26.6M	31.0M	32.5M
Total Liab	30.3M	34M	47.9M	61.4M	61.9M	65.0M
Total Current Assets	47.2M	100.5M	121.5M	173.3M	147.5M	154.9M
Common Stock Shares Outstanding	209.6M	224.1M	226.8M	233.3M	238.4M	131.0M
Accumulated Other Comprehensive Income	(125.5K)	(299.4K)	(580.0K)	(257K)	(231.3K)	(242.9K)
Common Stock	77.1M	83.5M	92.0M	142.1M	146.2M	153.5M
Short Long Term Debt Total	14.4M	7.4M	14.1M	10.1M	4.8M	6.8M
Accounts Payable	3.3M	7.8M	9.8M	11.5M	13.7M	7.3M
Non Current Liabilities Total	8.1M	4.4M	14.9M	13.3M	14.1M	7.9M
Short Term Debt	8.8M	6.1M	4.8M	5.3M	4.2M	3.3M
Other Liab	2.5M	3.0M	5.6M	8.5M	9.7M	10.2M
Net Tangible Assets	124.7M	181.5M	225.1M	309.3M	355.7M	373.5M
Long Term Debt Total	5.7M	1.3M	9.3M	4.8M	5.5M	4.9M
Capital Surpluse	12.1M	20.2M	28.0M	26.6M	30.6M	17.5M
Cash And Equivalents	21.6M	51.5M	71.3M	109.9M	126.4M	132.8M
Property Plant Equipment	78.1M	98.6M	139.8M	190.5M	219.0M	230.0M
Capital Lease Obligations	1.2M	2.5M	14.1M	10.1M	4.8M	5.4M
Net Invested Capital	138.0M	186.4M	225.1M	309.3M	350.9M	204.1M
Net Working Capital	25.0M	70.9M	88.5M	125.2M	99.6M	63.3M
Capital Stock	77.1M	83.5M	92.0M	142.1M	146.2M	109.3M

Pair Trading with K92 Mining

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if K92 Mining position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in K92 Mining will appreciate offsetting losses from the drop in the long position's value.

Moving together with K92 Stock

0.86	AG	First Majestic Silver	Pair Corr
0.81	IE	Ivanhoe Energy	Pair Corr
0.83	FDY	Faraday Copper Corp	Pair Corr

Moving against K92 Stock

0.52

INFM

Infinico Metals Corp

Pair Corr

The ability to find closely correlated positions to K92 Mining could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace K92 Mining when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back K92 Mining - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling K92 Mining to buy it.

The correlation of K92 Mining is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as K92 Mining moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if K92 Mining moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for K92 Mining can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

Other Information on Investing in K92 Stock

Balance Sheet is a snapshot of the financial position of K92 Mining at a specified time, usually calculated after every quarter, six months, or one year. K92 Mining Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of K92 Mining and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which K92 currently owns. An asset can also be divided into two categories, current and non-current.

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K92 Cash And Short Term Investments vs Net Debt Analysis

Cash And Short Term Investments vs Net Debt

Cash And Short Term Investments vs Net Debt Correlation Analysis

Correlation Coefficient

Cash And Short Term Investments

Net Debt

K92 Mining fundamental ratios Correlations

K92 Mining Account Relationship Matchups

High Positive Relationship

High Negative Relationship

K92 Mining fundamental ratios Accounts

Pair Trading with K92 Mining

Moving together with K92 Stock

Moving against K92 Stock

Other Information on Investing in K92 Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Stockholder Equity	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Current Liabilities
Common Stock	+ 1.0	Total Current Liabilities
Cash And Short Term Investments	+ 1.0	Cash
Total Current Liabilities	+ 0.99	Total Assets
Property Plant And Equipment Net	+ 0.99	Total Assets

Cash And Short Term Investments	- 0.99	Net Debt
Cash	- 0.99	Net Debt
Total Current Assets	- 0.98	Net Debt
Net Debt	- 0.94	Total Assets
Other Current Assets	- 0.93	Net Debt
Inventory	- 0.93	Net Debt