| PEX Stock | | | CAD 0.03 0.01 16.67% |
Pacific Ridge financial indicator trend analysis is much more than just breaking down Pacific Ridge Exploration prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Pacific Ridge Exploration is a good investment. Please check the relationship between Pacific Ridge Total Assets and its Other Current Assets accounts. Check out
Your Equity Center to better understand how to build diversified portfolios, which includes a position in Pacific Ridge Exploration. 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.
Total Assets vs Other Current Assets
Total Assets vs Other Current Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Pacific Ridge Exploration Total Assets account and
Other Current Assets. At this time, the significance of the direction appears to have very week relationship.
The correlation between Pacific Ridge's Total Assets and Other Current Assets is 0.23. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Other Current Assets in the same time period over historical financial statements of Pacific Ridge Exploration, assuming nothing else is changed. The correlation between historical values of Pacific Ridge's Total Assets and Other Current Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Assets of Pacific Ridge Exploration are associated (or correlated) with its Other Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Assets has no effect on the direction of Total Assets i.e., Pacific Ridge's Total Assets and Other Current Assets go up and down completely randomly.
Correlation Coefficient | 0.23 |
| Relationship Direction | Positive |
| Relationship Strength | Very Weak |
Total Assets
Total assets refers to the total amount of Pacific Ridge assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Pacific Ridge Exploration books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.
Other Current Assets
Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.
Most indicators from Pacific Ridge's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Pacific Ridge Exploration 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
Your Equity Center to better understand how to build diversified portfolios, which includes a position in Pacific Ridge Exploration. 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, Pacific Ridge's
Selling General Administrative is fairly stable compared to the past year.
Enterprise Value is likely to climb to about 18.9
M in 2024, whereas
Issuance Of Capital Stock is likely to drop slightly above 628
K in 2024.
Pacific Ridge fundamental ratios Correlations
Click cells to compare fundamentals
Pacific Ridge Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Pacific Ridge fundamental ratios Accounts
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Additional Tools for Pacific Stock Analysis
When running Pacific Ridge's price analysis, check to
measure Pacific Ridge'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 Pacific Ridge is operating at the current time. Most of Pacific Ridge's value examination focuses on studying past and present price action to
predict the probability of Pacific Ridge's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Pacific Ridge's price. Additionally, you may evaluate how the addition of Pacific Ridge to your portfolios can decrease your overall portfolio volatility.