Quartz Cash And Short Term Investments vs Cash Analysis
QZM Stock | CAD 0.37 0.01 2.78% |
Quartz Mountain financial indicator trend analysis is much more than just breaking down Quartz Mountain Resources prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Quartz Mountain Resources is a good investment. Please check the relationship between Quartz Mountain Cash And Short Term Investments and its Cash accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Quartz Mountain Resources. 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 Cash
Cash And Short Term Investments vs Cash Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Quartz Mountain Resources Cash And Short Term Investments account and Cash. At this time, the significance of the direction appears to have strong relationship.
The correlation between Quartz Mountain's Cash And Short Term Investments and Cash is 0.6. Overlapping area represents the amount of variation of Cash And Short Term Investments that can explain the historical movement of Cash in the same time period over historical financial statements of Quartz Mountain Resources, assuming nothing else is changed. The correlation between historical values of Quartz Mountain's Cash And Short Term Investments and Cash 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 Quartz Mountain Resources are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Cash And Short Term Investments i.e., Quartz Mountain's Cash And Short Term Investments and Cash go up and down completely randomly.
Correlation Coefficient | 0.6 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Cash And Short Term Investments
Short Term Investments is an account in the current assets section of Quartz Mountain Resources balance sheet. This account contains Quartz Mountain investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Quartz Mountain Resources 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.Cash
Cash refers to the most liquid asset of Quartz Mountain Resources, which is listed under current asset account on Quartz Mountain Resources balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Quartz Mountain customers. The amounts must be unrestricted with restricted cash listed in a different Quartz Mountain account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.Most indicators from Quartz Mountain's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Quartz Mountain Resources 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 Quartz Mountain Resources. 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, Quartz Mountain's Tax Provision is fairly stable compared to the past year. Issuance Of Capital Stock is likely to climb to about 3.7 M in 2024, whereas Enterprise Value Over EBITDA is likely to drop (9.97) in 2024.
Quartz Mountain fundamental ratios Correlations
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Quartz Mountain Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Quartz Mountain fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 218.6K | 598.6K | 842.6K | 863.6K | 3.0M | 3.2M | |
Total Current Liabilities | 80.0K | 93.7K | 299.5K | 50.5K | 322.9K | 306.7K | |
Total Stockholder Equity | 138.6K | 463.5K | 510.3K | 790.7K | 2.7M | 2.8M | |
Net Debt | (206.5K) | (157.6K) | (280.5K) | (64.7K) | (74.4K) | (78.1K) | |
Retained Earnings | (27.6M) | (27.7M) | (28.7M) | (29.6M) | (32.1M) | (33.7M) | |
Cash | 206.5K | 206.4K | 321.8K | 97.5K | 1.9M | 2.0M | |
Cash And Short Term Investments | 206.5K | 206.4K | 321.8K | 97.5K | 87.7K | 83.3K | |
Net Receivables | 4.8K | 3.3K | 17.9K | 4.0K | 3.6K | 3.4K | |
Common Stock Shares Outstanding | 19.2M | 26.9M | 37.2M | 43.2M | 58.9M | 61.8M | |
Liabilities And Stockholders Equity | 218.6K | 598.6K | 842.6K | 863.6K | 777.2K | 616.7K | |
Total Liab | 80.0K | 135.0K | 332.3K | 72.9K | 333.0K | 316.4K | |
Total Current Assets | 218.6K | 211.6K | 340.4K | 121.4K | 2.0M | 2.1M | |
Common Stock | 27.2M | 27.6M | 28.4M | 29.0M | 33.3M | 30.1M | |
Accounts Payable | 4.2K | 24.4K | 170.7K | 23.1K | 226.1K | 237.4K | |
Other Current Assets | 7.2K | 1.8K | 791.0 | 19.9K | 17.9K | 18.8K | |
Other Current Liab | 75.8K | 61.8K | 120.2K | 17.0K | 19.6K | 18.6K | |
Net Tangible Assets | (3.0M) | 138.6K | 463.5K | 510.3K | 586.8K | 616.1K | |
Net Invested Capital | 138.6K | 463.5K | 510.3K | 790.7K | 2.7M | 2.8M | |
Net Working Capital | 138.6K | 117.8K | 40.9K | 70.9K | 1.7M | 1.8M | |
Capital Stock | 27.2M | 27.6M | 28.4M | 29.0M | 33.3M | 31.2M |
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