Surge Average Payables vs Capex To Depreciation Analysis

NILI Stock

CAD 0.37 0.01 2.78%

Surge Battery financial indicator trend analysis is much more than just breaking down Surge Battery Metals prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Surge Battery Metals is a good investment. Please check the relationship between Surge Battery Average Payables and its Capex To Depreciation accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Surge Battery Metals. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

Average Payables vs Capex To Depreciation

Average Payables vs Capex To Depreciation Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Surge Battery Metals Average Payables account and Capex To Depreciation. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between Surge Battery's Average Payables and Capex To Depreciation is -0.06. Overlapping area represents the amount of variation of Average Payables that can explain the historical movement of Capex To Depreciation in the same time period over historical financial statements of Surge Battery Metals, assuming nothing else is changed. The correlation between historical values of Surge Battery's Average Payables and Capex To Depreciation is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Average Payables of Surge Battery Metals are associated (or correlated) with its Capex To Depreciation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capex To Depreciation has no effect on the direction of Average Payables i.e., Surge Battery's Average Payables and Capex To Depreciation go up and down completely randomly.

Correlation Coefficient

-0.06

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Average Payables

The average amount owed to suppliers and creditors over a specific period, reflecting the company's payment cycle and credit terms with suppliers.

Capex To Depreciation

The ratio of a company's capital expenditures to its depreciation expenses, indicating how much the company is investing in physical assets relative to the aging of existing assets.

Most indicators from Surge Battery's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Surge Battery Metals 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 Surge Battery Metals. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

At this time, Surge Battery's Selling General Administrative is fairly stable compared to the past year. Issuance Of Capital Stock is likely to climb to about 10.5 M in 2024, despite the fact that Enterprise Value Over EBITDA is likely to grow to (11.20).

Surge Battery fundamental ratios Correlations

	Other Current Liab	Total Current Liabilities	Net Tangible Assets	Retained Earnings	Accounts Payable	Net Receivables	Total Current Assets	Common Stock	Property Plant Equipment	Total Assets	Total Stockholder Equity	Cash	Non Current Assets Total	Common Stock Shares Outstanding	Total Liab	Net Invested Capital	Net Working Capital	Other Assets	Long Term Investments	Capital Stock	Property Plant And Equipment Net	Other Current Assets
Other Current Liab		0.17	-0.33	0.38	0.29	-0.29	-0.3	-0.11	-0.31	-0.53	-0.52	-0.4	-0.53	-0.47	-0.1	-0.52	-0.48	0.48	0.48	-0.42	-0.56	0.48
Total Current Liabilities	0.17		-0.42	0.49	0.78	0.19	-0.28	-0.45	-0.56	-0.36	-0.37	0.02	-0.45	-0.43	0.84	-0.37	-0.23	0.32	0.32	-0.4	-0.41	0.32
Net Tangible Assets	-0.33	-0.42		-0.91	-0.29	-0.61	0.89	0.88	0.98	0.85	0.86	0.65	0.86	0.97	-0.65	0.86	0.8	-0.68	-0.68	0.88	0.85	-0.68
Retained Earnings	0.38	0.49	-0.91		0.23	0.52	-0.9	-0.85	-0.91	-0.92	-0.92	-0.49	-0.96	-0.96	0.7	-0.92	-0.81	0.81	0.81	-0.92	-0.95	0.81
Accounts Payable	0.29	0.78	-0.29	0.23		-0.2	-0.19	-0.26	-0.41	-0.26	-0.26	-0.3	-0.24	-0.31	0.43	-0.26	-0.28	0.14	0.14	-0.28	-0.23	0.14
Net Receivables	-0.29	0.19	-0.61	0.52	-0.2		-0.53	-0.59	-0.59	-0.4	-0.41	-0.15	-0.44	-0.48	0.61	-0.41	-0.32	0.32	0.32	-0.45	-0.41	0.32
Total Current Assets	-0.3	-0.28	0.89	-0.9	-0.19	-0.53		0.73	0.86	0.96	0.96	0.77	0.92	0.93	-0.5	0.96	0.96	-0.85	-0.85	0.85	0.92	-0.85
Common Stock	-0.11	-0.45	0.88	-0.85	-0.26	-0.59	0.73		0.89	0.66	0.67	0.4	0.7	0.83	-0.72	0.67	0.59	-0.4	-0.4	0.91	0.68	-0.4
Property Plant Equipment	-0.31	-0.56	0.98	-0.91	-0.41	-0.59	0.86	0.89		0.84	0.85	0.59	0.86	0.96	-0.74	0.85	0.77	-0.67	-0.67	0.87	0.85	-0.67
Total Assets	-0.53	-0.36	0.85	-0.92	-0.26	-0.4	0.96	0.66	0.84		1.0	0.73	0.98	0.94	-0.47	1.0	0.96	-0.92	-0.92	0.87	0.99	-0.92
Total Stockholder Equity	-0.52	-0.37	0.86	-0.92	-0.26	-0.41	0.96	0.67	0.85	1.0		0.72	0.98	0.95	-0.49	1.0	0.96	-0.92	-0.92	0.87	0.99	-0.92
Cash	-0.4	0.02	0.65	-0.49	-0.3	-0.15	0.77	0.4	0.59	0.73	0.72		0.6	0.67	0.0	0.72	0.87	-0.56	-0.56	0.59	0.62	-0.56
Non Current Assets Total	-0.53	-0.45	0.86	-0.96	-0.24	-0.44	0.92	0.7	0.86	0.98	0.98	0.6		0.95	-0.57	0.98	0.9	-0.91	-0.91	0.88	1.0	-0.91
Common Stock Shares Outstanding	-0.47	-0.43	0.97	-0.96	-0.31	-0.48	0.93	0.83	0.96	0.94	0.95	0.67	0.95		-0.6	0.95	0.88	-0.8	-0.8	0.92	0.95	-0.8
Total Liab	-0.1	0.84	-0.65	0.7	0.43	0.61	-0.5	-0.72	-0.74	-0.47	-0.49	0.0	-0.57	-0.6		-0.49	-0.32	0.41	0.41	-0.56	-0.53	0.41
Net Invested Capital	-0.52	-0.37	0.86	-0.92	-0.26	-0.41	0.96	0.67	0.85	1.0	1.0	0.72	0.98	0.95	-0.49		0.96	-0.92	-0.92	0.87	0.99	-0.92
Net Working Capital	-0.48	-0.23	0.8	-0.81	-0.28	-0.32	0.96	0.59	0.77	0.96	0.96	0.87	0.9	0.88	-0.32	0.96		-0.86	-0.86	0.8	0.91	-0.86
Other Assets	0.48	0.32	-0.68	0.81	0.14	0.32	-0.85	-0.4	-0.67	-0.92	-0.92	-0.56	-0.91	-0.8	0.41	-0.92	-0.86		1.0	-0.62	-0.92	1.0
Long Term Investments	0.48	0.32	-0.68	0.81	0.14	0.32	-0.85	-0.4	-0.67	-0.92	-0.92	-0.56	-0.91	-0.8	0.41	-0.92	-0.86	1.0		-0.62	-0.92	1.0
Capital Stock	-0.42	-0.4	0.88	-0.92	-0.28	-0.45	0.85	0.91	0.87	0.87	0.87	0.59	0.88	0.92	-0.56	0.87	0.8	-0.62	-0.62		0.87	-0.62
Property Plant And Equipment Net	-0.56	-0.41	0.85	-0.95	-0.23	-0.41	0.92	0.68	0.85	0.99	0.99	0.62	1.0	0.95	-0.53	0.99	0.91	-0.92	-0.92	0.87		-0.92
Other Current Assets	0.48	0.32	-0.68	0.81	0.14	0.32	-0.85	-0.4	-0.67	-0.92	-0.92	-0.56	-0.91	-0.8	0.41	-0.92	-0.86	1.0	1.0	-0.62	-0.92

Click cells to compare fundamentals

Surge Battery Account Relationship Matchups

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.

Explore Investing Ideas

Additional Tools for Surge Stock Analysis

When running Surge Battery's price analysis, check to measure Surge Battery's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Surge Battery is operating at the current time. Most of Surge Battery's value examination focuses on studying past and present price action to predict the probability of Surge Battery's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Surge Battery's price. Additionally, you may evaluate how the addition of Surge Battery to your portfolios can decrease your overall portfolio volatility.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC

Surge Average Payables vs Capex To Depreciation Analysis

Average Payables vs Capex To Depreciation

Average Payables vs Capex To Depreciation Correlation Analysis

Correlation Coefficient

Average Payables

Capex To Depreciation

Surge Battery fundamental ratios Correlations

Surge Battery Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Thematic Opportunities

Explore Investment Opportunities

Additional Tools for Surge Stock Analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Stockholder Equity	+ 1.0	Total Assets
Net Invested Capital	+ 1.0	Total Assets
Net Invested Capital	+ 1.0	Total Stockholder Equity
Property Plant And Equipment Net	+ 1.0	Non Current Assets Total
Long Term Investments	+ 1.0	Other Assets
Other Current Assets	+ 1.0	Other Assets

Common Stock Shares Outstanding	- 0.96	Retained Earnings
Non Current Assets Total	- 0.96	Retained Earnings
Property Plant And Equipment Net	- 0.95	Retained Earnings
Other Current Assets	- 0.92	Property Plant And Equipment Net
Property Plant And Equipment Net	- 0.92	Long Term Investments
Property Plant And Equipment Net	- 0.92	Other Assets