Surge Average Payables vs Free Cash Flow Yield 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 Free Cash Flow Yield 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 Free Cash Flow Yield

Average Payables vs Free Cash Flow Yield 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 Free Cash Flow Yield. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Surge Battery's Average Payables and Free Cash Flow Yield is -0.48. Overlapping area represents the amount of variation of Average Payables that can explain the historical movement of Free Cash Flow Yield 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 Free Cash Flow Yield 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 Free Cash Flow Yield. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow Yield has no effect on the direction of Average Payables i.e., Surge Battery's Average Payables and Free Cash Flow Yield go up and down completely randomly.

Correlation Coefficient

-0.48

Relationship Direction	Negative
Relationship Strength	Very Weak

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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.

Free Cash Flow Yield

A financial solvency ratio that compares the free cash flow per share a company is expected to earn against its market value per share, calculated as free cash flow per share divided by market price per share.

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

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Surge Average Payables vs Free Cash Flow Yield Analysis

Average Payables vs Free Cash Flow Yield

Average Payables vs Free Cash Flow Yield Correlation Analysis

Correlation Coefficient

Average Payables

Free Cash Flow Yield

Surge Battery fundamental ratios Correlations

Surge Battery Account Relationship Matchups

High Positive Relationship

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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