Skeena Other Current Assets vs Non Currrent Assets Other Analysis

SKE Stock  USD 9.27  0.01  0.11%   
Skeena Resources financial indicator trend analysis is much more than just breaking down Skeena Resources prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Skeena Resources is a good investment. Please check the relationship between Skeena Resources Other Current Assets and its Non Currrent Assets Other accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Skeena 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 industry.
For information on how to trade Skeena Stock refer to our How to Trade Skeena Stock guide.

Other Current Assets vs Non Currrent Assets Other

Other Current Assets vs Non Currrent Assets Other Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Skeena Resources Other Current Assets account and Non Currrent Assets Other. At this time, the significance of the direction appears to have strong relationship.
The correlation between Skeena Resources' Other Current Assets and Non Currrent Assets Other is 0.65. Overlapping area represents the amount of variation of Other Current Assets that can explain the historical movement of Non Currrent Assets Other in the same time period over historical financial statements of Skeena Resources, assuming nothing else is changed. The correlation between historical values of Skeena Resources' Other Current Assets and Non Currrent Assets Other is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Current Assets of Skeena Resources are associated (or correlated) with its Non Currrent Assets Other. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Currrent Assets Other has no effect on the direction of Other Current Assets i.e., Skeena Resources' Other Current Assets and Non Currrent Assets Other go up and down completely randomly.

Correlation Coefficient

0.65
Relationship DirectionPositive 
Relationship StrengthSignificant

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.

Non Currrent Assets Other

Assets that are not physical or tangible, expected to provide value for more than one year, and not easily converted into cash, such as long-term investments or patents.
Most indicators from Skeena Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Skeena 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Skeena 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 industry.
For information on how to trade Skeena Stock refer to our How to Trade Skeena Stock guide.The current year's Enterprise Value is expected to grow to about 509.6 M, whereas Selling General Administrative is forecasted to decline to about 5.5 M.
 2021 2022 2023 2024 (projected)
Other Operating Expenses130.6M113.0M114.8M120.5M
Depreciation And Amortization2.0M1.9M1.5M1.5M

Skeena Resources fundamental ratios Correlations

0.660.980.990.98-0.99-0.960.860.940.980.810.940.780.980.840.190.940.960.80.80.730.280.490.980.81-0.77
0.660.750.750.76-0.6-0.510.410.40.770.840.410.840.60.480.580.40.470.520.1-0.010.140.340.550.68-0.68
0.980.750.970.96-0.98-0.920.820.910.960.870.910.810.950.760.240.90.930.850.730.650.290.480.940.8-0.81
0.990.750.971.0-0.95-0.930.810.881.00.840.880.830.950.840.290.870.90.750.70.620.280.490.950.84-0.77
0.980.760.961.0-0.93-0.910.810.851.00.830.860.820.930.840.290.850.880.70.670.580.280.480.940.85-0.76
-0.99-0.6-0.98-0.95-0.930.97-0.88-0.97-0.93-0.79-0.97-0.72-0.97-0.8-0.12-0.97-0.98-0.85-0.85-0.79-0.3-0.5-0.98-0.760.76
-0.96-0.51-0.92-0.93-0.910.97-0.83-0.96-0.9-0.72-0.96-0.73-0.99-0.9-0.17-0.96-0.97-0.83-0.88-0.82-0.21-0.44-1.0-0.70.75
0.860.410.820.810.81-0.88-0.830.890.80.680.890.430.830.69-0.20.880.870.560.820.780.390.450.850.68-0.65
0.940.40.910.880.85-0.97-0.960.890.840.651.00.590.950.78-0.031.01.00.830.950.910.290.470.960.67-0.68
0.980.770.961.01.0-0.93-0.90.80.840.840.850.830.930.820.30.840.870.710.650.570.280.480.930.86-0.77
0.810.840.870.840.83-0.79-0.720.680.650.840.660.850.790.570.320.670.70.650.440.340.270.310.730.68-0.89
0.940.410.910.880.86-0.97-0.960.891.00.850.660.590.950.79-0.021.01.00.830.950.90.280.470.960.67-0.69
0.780.840.810.830.82-0.72-0.730.430.590.830.850.590.80.680.620.60.660.720.380.270.030.250.750.61-0.84
0.980.60.950.950.93-0.97-0.990.830.950.930.790.950.80.860.20.950.970.840.840.770.20.390.990.72-0.83
0.840.480.760.840.84-0.8-0.90.690.780.820.570.790.680.860.340.770.80.60.690.620.090.460.90.59-0.58
0.190.580.240.290.29-0.12-0.17-0.2-0.030.30.32-0.020.620.20.34-0.030.040.25-0.22-0.31-0.290.120.180.18-0.26
0.940.40.90.870.85-0.97-0.960.881.00.840.671.00.60.950.77-0.031.00.840.950.910.260.440.960.66-0.72
0.960.470.930.90.88-0.98-0.970.871.00.870.71.00.660.970.80.041.00.870.920.870.260.460.980.68-0.73
0.80.520.850.750.7-0.85-0.830.560.830.710.650.830.720.840.60.250.840.870.740.680.10.340.820.51-0.71
0.80.10.730.70.67-0.85-0.880.820.950.650.440.950.380.840.69-0.220.950.920.740.990.220.370.860.48-0.56
0.73-0.010.650.620.58-0.79-0.820.780.910.570.340.90.270.770.62-0.310.910.870.680.990.240.310.80.42-0.47
0.280.140.290.280.28-0.3-0.210.390.290.280.270.280.030.20.09-0.290.260.260.10.220.24-0.160.220.31-0.08
0.490.340.480.490.48-0.5-0.440.450.470.480.310.470.250.390.460.120.440.460.340.370.31-0.160.470.46-0.14
0.980.550.940.950.94-0.98-1.00.850.960.930.730.960.750.990.90.180.960.980.820.860.80.220.470.73-0.75
0.810.680.80.840.85-0.76-0.70.680.670.860.680.670.610.720.590.180.660.680.510.480.420.310.460.73-0.58
-0.77-0.68-0.81-0.77-0.760.760.75-0.65-0.68-0.77-0.89-0.69-0.84-0.83-0.58-0.26-0.72-0.73-0.71-0.56-0.47-0.08-0.14-0.75-0.58
Click cells to compare fundamentals

Skeena Resources Account Relationship Matchups

Skeena Resources fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets24.4M137.8M155.0M168.0M195.0M204.7M
Other Current Liab8.1M21.1M24.9M20.3M3.6M5.6M
Total Current Liabilities8.4M22.4M25.4M20.9M25.2M26.5M
Total Stockholder Equity11.6M109.0M123.5M137.2M124.5M130.8M
Property Plant And Equipment Net3.8M90.5M94.3M115.7M95.4M100.2M
Net Debt(11.7M)(35.2M)(39.0M)(37.0M)(58.8M)(55.8M)
Retained Earnings(101.2M)(161.5M)(279.0M)(367.9M)(476.9M)(453.1M)
Accounts Payable3.6M19.4M12.5K14.0M20.6M21.6M
Cash13.1M37.8M40.3M40.6M91.1M95.7M
Non Current Assets Total5.4M96.1M100.8M117.9M97.5M102.4M
Non Currrent Assets Other1.4M2.7M2.2M2.2M2.1M1.1M
Cash And Short Term Investments13.1M37.8M41.2M43.1M92.7M97.3M
Net Receivables2.2M2.8M7.3M5.7M3.2M3.4M
Common Stock Shares Outstanding27.0M42.3M59.8M70.3M84.4M88.6M
Liabilities And Stockholders Equity24.4M137.8M155.0M168.0M195.0M204.7M
Other Stockholder Equity13.6M(848.0)40.6M33.8M(1.0)(0.95)
Total Liab12.8M28.9M31.4M30.8M70.5M74.0M
Total Current Assets19.0M41.7M54.2M50.1M97.5M102.4M
Other Current Assets3.1M1.1M5.8M1.3M4.8M5.1M
Accumulated Other Comprehensive Income13.6M29.1M40.6M7.3M49.0M51.5M
Non Current Liabilities Total4.4M6.5M6.0M9.9M45.2M47.5M
Common Stock99.2M241.3M362.0M464.0M552.4M580.0M
Property Plant Equipment3.8M90.5M94.3M115.7M133.0M139.7M
Other Liab3.3M5.2M5.2M6.9M7.9M4.5M
Net Tangible Assets11.6M109.0M123.5M137.2M157.8M165.7M
Net Invested Capital11.6M109.0M123.5M137.2M157.8M165.7M
Net Working Capital10.6M19.3M28.8M29.2M33.6M35.3M
Capital Stock99.2M241.3M362.0M464.0M533.6M274.6M

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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
When determining whether Skeena Resources is a strong investment it is important to analyze Skeena Resources' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Skeena Resources' future performance. For an informed investment choice regarding Skeena Stock, refer to the following important reports:
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Skeena 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 industry.
For information on how to trade Skeena Stock refer to our How to Trade Skeena Stock guide.
You can also try the Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.
Is Diversified Metals & Mining space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Skeena Resources. If investors know Skeena will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Skeena Resources listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(1.36)
Return On Assets
(0.38)
Return On Equity
(0.78)
The market value of Skeena Resources is measured differently than its book value, which is the value of Skeena that is recorded on the company's balance sheet. Investors also form their own opinion of Skeena Resources' value that differs from its market value or its book value, called intrinsic value, which is Skeena Resources' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Skeena Resources' market value can be influenced by many factors that don't directly affect Skeena Resources' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Skeena Resources' value and its price as these two are different measures arrived at by different means. Investors typically determine if Skeena Resources is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Skeena Resources' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.