Metalex Non Current Assets Total vs Property Plant Equipment Analysis

MTX Stock  CAD 0.02  0.01  33.33%   
Metalex Ventures financial indicator trend analysis is infinitely more than just investigating Metalex Ventures recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Metalex Ventures is a good investment. Please check the relationship between Metalex Ventures Non Current Assets Total and its Property Plant Equipment accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Metalex Ventures. 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 Assets Total vs Property Plant Equipment

Non Current Assets Total vs Property Plant Equipment Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Metalex Ventures Non Current Assets Total account and Property Plant Equipment. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Metalex Ventures' Non Current Assets Total and Property Plant Equipment is -0.43. Overlapping area represents the amount of variation of Non Current Assets Total that can explain the historical movement of Property Plant Equipment in the same time period over historical financial statements of Metalex Ventures, assuming nothing else is changed. The correlation between historical values of Metalex Ventures' Non Current Assets Total and Property Plant Equipment 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 Assets Total of Metalex Ventures are associated (or correlated) with its Property Plant Equipment. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Property Plant Equipment has no effect on the direction of Non Current Assets Total i.e., Metalex Ventures' Non Current Assets Total and Property Plant Equipment go up and down completely randomly.

Correlation Coefficient

-0.43
Relationship DirectionNegative 
Relationship StrengthVery Weak

Non Current Assets Total

The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.

Property Plant Equipment

Most indicators from Metalex Ventures' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Metalex Ventures 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 Metalex Ventures. 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, Metalex Ventures' Selling General Administrative is fairly stable compared to the past year. Enterprise Value is likely to climb to about 3.9 M in 2024, whereas Issuance Of Capital Stock is likely to drop slightly above 494 K in 2024.
 2021 2022 2023 2024 (projected)
Reconciled Depreciation1.7K458.0344.0326.8
Interest Income12.7K86.5K135.2K163.0K

Metalex Ventures fundamental ratios Correlations

0.36-0.46-0.290.960.8-0.86-0.220.580.780.30.560.860.26-0.060.29-0.30.790.420.420.68-0.230.510.180.280.32
0.360.280.540.170.53-0.18-0.98-0.160.110.390.230.180.630.120.170.540.120.670.130.040.420.19-0.15-0.440.3
-0.460.280.82-0.640.060.27-0.42-0.13-0.14-0.52-0.3-0.27-0.34-0.090.390.83-0.11-0.160.2-0.12-0.03-0.78-0.18-0.06-0.57
-0.290.540.82-0.540.140.2-0.64-0.17-0.19-0.26-0.27-0.2-0.01-0.160.381.0-0.160.330.24-0.170.03-0.53-0.2-0.31-0.44
0.960.17-0.64-0.540.66-0.81-0.020.560.740.340.570.810.23-0.010.15-0.540.740.280.30.64-0.210.590.210.330.4
0.80.530.060.140.66-0.8-0.430.640.8-0.070.510.8-0.02-0.210.660.140.850.250.70.77-0.420.070.070.45-0.09
-0.86-0.180.270.2-0.81-0.80.05-0.86-0.980.17-0.35-1.00.150.12-0.480.2-0.95-0.12-0.61-0.750.44-0.1-0.27-0.440.11
-0.22-0.98-0.42-0.64-0.02-0.430.050.26-0.01-0.34-0.14-0.04-0.59-0.15-0.14-0.64-0.02-0.64-0.080.07-0.45-0.090.20.49-0.25
0.58-0.16-0.13-0.170.560.64-0.860.260.89-0.460.260.86-0.52-0.310.62-0.170.86-0.20.80.66-0.74-0.160.250.72-0.42
0.780.11-0.14-0.190.740.8-0.98-0.010.89-0.30.310.98-0.29-0.120.53-0.190.98-0.030.640.78-0.49-0.050.260.52-0.21
0.30.39-0.52-0.260.34-0.070.17-0.34-0.46-0.30.44-0.170.930.13-0.49-0.27-0.330.57-0.37-0.330.570.9-0.16-0.430.95
0.560.23-0.3-0.270.570.51-0.35-0.140.260.310.440.330.240.040.16-0.270.340.090.380.25-0.20.56-0.110.420.46
0.860.18-0.27-0.20.810.8-1.0-0.040.860.98-0.170.33-0.15-0.120.48-0.20.950.130.610.76-0.450.090.260.44-0.12
0.260.63-0.34-0.010.23-0.020.15-0.59-0.52-0.290.930.24-0.150.18-0.46-0.02-0.330.71-0.37-0.380.710.75-0.16-0.650.85
-0.060.12-0.09-0.16-0.01-0.210.12-0.15-0.31-0.120.130.04-0.120.18-0.28-0.16-0.140.1-0.31-0.230.410.180.23-0.360.34
0.290.170.390.380.150.66-0.48-0.140.620.53-0.490.160.48-0.46-0.280.390.6-0.050.80.55-0.68-0.370.130.55-0.55
-0.30.540.831.0-0.540.140.2-0.64-0.17-0.19-0.27-0.27-0.2-0.02-0.160.39-0.160.320.24-0.170.03-0.53-0.2-0.3-0.44
0.790.12-0.11-0.160.740.85-0.95-0.020.860.98-0.330.340.95-0.33-0.140.6-0.16-0.040.640.88-0.55-0.060.290.59-0.25
0.420.67-0.160.330.280.25-0.12-0.64-0.2-0.030.570.090.130.710.1-0.050.32-0.04-0.02-0.060.280.46-0.18-0.550.42
0.420.130.20.240.30.7-0.61-0.080.80.64-0.370.380.61-0.37-0.310.80.240.64-0.020.43-0.75-0.160.120.69-0.39
0.680.04-0.12-0.170.640.77-0.750.070.660.78-0.330.250.76-0.38-0.230.55-0.170.88-0.060.43-0.56-0.10.260.57-0.32
-0.230.42-0.030.03-0.21-0.420.44-0.45-0.74-0.490.57-0.2-0.450.710.41-0.680.03-0.550.28-0.75-0.560.29-0.1-0.860.58
0.510.19-0.78-0.530.590.07-0.1-0.09-0.16-0.050.90.560.090.750.18-0.37-0.53-0.060.46-0.16-0.10.290.08-0.130.9
0.18-0.15-0.18-0.20.210.07-0.270.20.250.26-0.16-0.110.26-0.160.230.13-0.20.29-0.180.120.26-0.10.080.17-0.06
0.28-0.44-0.06-0.310.330.45-0.440.490.720.52-0.430.420.44-0.65-0.360.55-0.30.59-0.550.690.57-0.86-0.130.17-0.36
0.320.3-0.57-0.440.4-0.090.11-0.25-0.42-0.210.950.46-0.120.850.34-0.55-0.44-0.250.42-0.39-0.320.580.9-0.06-0.36
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Metalex Ventures Account Relationship Matchups

Metalex Ventures fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets3.1M5.6M6.8M8.4M6.6M10.0M
Other Current Liab4.0M2.0M1.6M2.1M60.3K57.2K
Total Current Liabilities4.0M2.0M1.6M2.1M2.4M3.3M
Total Stockholder Equity(928.1K)3.6M5.2M6.3M4.2M6.8M
Property Plant And Equipment Net277.9K291.1K313.3K312.8K312.5K296.9K
Net Debt(275.9K)(2.3M)(739.7K)(2.3M)(2.7M)(2.8M)
Retained Earnings(100.8M)(100.2M)(98.6M)(99.9M)(102.1M)(107.2M)
Accounts Payable9.0K12.5K10.1K13.4K12.1K11.5K
Cash275.9K2.3M739.7K2.3M422.1K401.0K
Non Current Assets Total2.8M3.1M6.0M6.0M6.1M6.6M
Non Currrent Assets Other1.1M1.1M1.1M1.2M1.2M652.0K
Cash And Short Term Investments275.9K2.3M739.7K2.3M2.1M3.2M
Common Stock Shares Outstanding119.1M135.1M194.6M201.5M234.4M246.2M
Liabilities And Stockholders Equity3.1M5.6M6.8M8.4M7.6M10.2M
Other Current Assets18.7K230.2K23.1K21.8K25.1K44.7K
Other Stockholder Equity9.3M7.8M7.8M8.4M7.6M7.2M
Total Liab4.0M2.0M1.6M2.1M2.4M3.2M
Total Current Assets299.7K2.5M781.7K2.4M458.1K435.2K
Accumulated Other Comprehensive Income9.3M7.8M7.8M8.4M9.7M8.6M
Net Receivables5.1K26.2K18.9K30.5K27.5K26.1K
Net Tangible Assets(928.1K)3.6M5.2M6.3M7.3M7.6M
Property Plant Equipment277.9K291.1K313.3K312.8K281.6K239.7K
Net Invested Capital(928.1K)3.6M5.2M6.3M4.2M4.4M
Net Working Capital(3.7M)486.9K(823.6K)261.7K(1.9M)(2.0M)

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