SolGold Invested Capital vs Free Cash Flow Per Share Analysis

SOLG Stock

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SolGold PLC financial indicator trend analysis is much more than just breaking down SolGold PLC prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether SolGold PLC is a good investment. Please check the relationship between SolGold PLC Invested Capital and its Free Cash Flow Per Share accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in SolGold PLC. 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.

Invested Capital vs Free Cash Flow Per Share

Invested Capital vs Free Cash Flow Per Share Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of SolGold PLC Invested Capital account and Free Cash Flow Per Share. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between SolGold PLC's Invested Capital and Free Cash Flow Per Share is -0.1. Overlapping area represents the amount of variation of Invested Capital that can explain the historical movement of Free Cash Flow Per Share in the same time period over historical financial statements of SolGold PLC, assuming nothing else is changed. The correlation between historical values of SolGold PLC's Invested Capital and Free Cash Flow Per Share is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Invested Capital of SolGold PLC are associated (or correlated) with its Free Cash Flow Per Share. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow Per Share has no effect on the direction of Invested Capital i.e., SolGold PLC's Invested Capital and Free Cash Flow Per Share go up and down completely randomly.

Correlation Coefficient

-0.1

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Invested Capital

Invested capital represents the total cash investment that shareholders and debt holders have contributed to SolGold PLC. There are two different methods for calculating SolGold PLC invested capital: operating approach and financing approach. Understanding SolGold PLC invested capital allows investors to calculate measures of performance such as return on invested capital or return on capital employed.

Free Cash Flow Per Share

The amount of cash a company generates after accounting for capital expenditures, divided by the number of outstanding shares. It represents the cash available for dividends, share buybacks, or debt repayment per share.

Most indicators from SolGold PLC's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into SolGold PLC 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 SolGold PLC. 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, SolGold PLC's Selling General Administrative is very stable compared to the past year. As of the 2nd of December 2024, Issuance Of Capital Stock is likely to grow to about 39 M, while Tax Provision is likely to drop about 918.8 K.

	2021	2022	2023	2024 (projected)
Interest Expense	12.6M	13.2M	15.2M	15.9M
Depreciation And Amortization	619.0K	298.1K	342.8K	359.9K

Interest Expense Depreciation And Amortization

SolGold PLC fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Common Stock Total Equity	Common Stock Shares Outstanding	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Intangible Assets	Common Stock	Good Will	Short Long Term Debt Total	Current Deferred Revenue	Short Term Debt
Total Assets		0.81	0.78	0.88	0.98	0.64	-0.89	0.57	0.41	0.98	0.21	-0.09	0.41	0.94	0.96	0.78	0.99	0.88	0.97	0.46	-0.47	0.96	0.18	0.88	0.92	0.25
Other Current Liab	0.81		0.58	0.88	0.77	0.34	-0.66	0.71	0.51	0.77	0.0	-0.01	0.51	0.75	0.75	0.83	0.81	0.61	0.73	0.56	-0.27	0.74	0.25	0.6	0.7	0.18
Total Current Liabilities	0.78	0.58		0.64	0.8	0.58	-0.82	0.68	0.17	0.81	0.49	0.19	0.17	0.82	0.82	0.35	0.83	0.71	0.79	0.19	-0.37	0.84	0.14	0.7	0.78	0.57
Total Stockholder Equity	0.88	0.88	0.64		0.81	0.25	-0.63	0.64	0.64	0.81	0.19	-0.07	0.64	0.86	0.8	0.85	0.87	0.57	0.76	0.68	-0.37	0.78	0.29	0.56	0.67	0.27
Property Plant And Equipment Net	0.98	0.77	0.8	0.81		0.75	-0.93	0.55	0.24	1.0	0.18	-0.06	0.24	0.91	0.96	0.7	0.97	0.93	1.0	0.3	-0.52	0.96	0.13	0.92	0.93	0.25
Net Debt	0.64	0.34	0.58	0.25	0.75		-0.85	0.23	-0.36	0.75	0.01	-0.05	-0.36	0.51	0.65	0.24	0.62	0.91	0.8	-0.31	-0.49	0.7	-0.12	0.9	0.78	0.02
Retained Earnings	-0.89	-0.66	-0.82	-0.63	-0.93	-0.85		-0.52	-0.08	-0.93	-0.29	0.03	-0.08	-0.86	-0.93	-0.48	-0.91	-0.95	-0.95	-0.12	0.47	-0.95	-0.15	-0.95	-0.96	-0.32
Accounts Payable	0.57	0.71	0.68	0.64	0.55	0.23	-0.52		0.24	0.56	0.26	0.13	0.24	0.62	0.61	0.38	0.62	0.38	0.51	0.26	0.13	0.59	0.36	0.38	0.52	0.58
Cash	0.41	0.51	0.17	0.64	0.24	-0.36	-0.08	0.24		0.24	0.25	-0.13	1.0	0.47	0.35	0.64	0.4	0.06	0.2	1.0	0.1	0.31	0.29	0.08	0.24	0.13
Non Current Assets Total	0.98	0.77	0.81	0.81	1.0	0.75	-0.93	0.56	0.24		0.18	-0.07	0.24	0.91	0.95	0.7	0.98	0.92	0.99	0.3	-0.52	0.96	0.14	0.92	0.93	0.25
Non Currrent Assets Other	0.21	0.0	0.49	0.19	0.18	0.01	-0.29	0.26	0.25	0.18		0.05	0.25	0.46	0.37	-0.17	0.31	0.11	0.17	0.21	0.19	0.38	0.48	0.15	0.29	0.44
Other Assets	-0.09	-0.01	0.19	-0.07	-0.06	-0.05	0.03	0.13	-0.13	-0.07	0.05		-0.13	0.04	0.0	-0.15	-0.07	-0.1	-0.07	-0.13	0.04	0.0	0.2	-0.12	-0.12	0.17
Cash And Short Term Investments	0.41	0.51	0.17	0.64	0.24	-0.36	-0.08	0.24	1.0	0.24	0.25	-0.13		0.47	0.35	0.64	0.4	0.06	0.2	1.0	0.1	0.31	0.29	0.08	0.24	0.13
Common Stock Total Equity	0.94	0.75	0.82	0.86	0.91	0.51	-0.86	0.62	0.47	0.91	0.46	0.04	0.47		0.98	0.63	0.97	0.76	0.89	0.5	-0.32	0.97	0.36	0.78	0.87	0.47
Common Stock Shares Outstanding	0.96	0.75	0.82	0.8	0.96	0.65	-0.93	0.61	0.35	0.95	0.37	0.0	0.35	0.98		0.62	0.98	0.86	0.95	0.39	-0.34	1.0	0.27	0.88	0.94	0.41
Other Current Assets	0.78	0.83	0.35	0.85	0.7	0.24	-0.48	0.38	0.64	0.7	-0.17	-0.15	0.64	0.63	0.62		0.71	0.56	0.66	0.7	-0.34	0.6	0.22	0.54	0.55	-0.13
Other Stockholder Equity	0.99	0.81	0.83	0.87	0.97	0.62	-0.91	0.62	0.4	0.98	0.31	-0.07	0.4	0.97	0.98	0.71		0.86	0.96	0.45	-0.42	0.98	0.24	0.86	0.93	0.36
Total Liab	0.88	0.61	0.71	0.57	0.93	0.91	-0.95	0.38	0.06	0.92	0.11	-0.1	0.06	0.76	0.86	0.56	0.86		0.95	0.12	-0.48	0.89	0.01	1.0	0.94	0.09
Property Plant And Equipment Gross	0.97	0.73	0.79	0.76	1.0	0.8	-0.95	0.51	0.2	0.99	0.17	-0.07	0.2	0.89	0.95	0.66	0.96	0.95		0.25	-0.52	0.96	0.1	0.95	0.94	0.23
Total Current Assets	0.46	0.56	0.19	0.68	0.3	-0.31	-0.12	0.26	1.0	0.3	0.21	-0.13	1.0	0.5	0.39	0.7	0.45	0.12	0.25		0.05	0.35	0.29	0.14	0.28	0.1
Intangible Assets	-0.47	-0.27	-0.37	-0.37	-0.52	-0.49	0.47	0.13	0.1	-0.52	0.19	0.04	0.1	-0.32	-0.34	-0.34	-0.42	-0.48	-0.52	0.05		-0.38	0.25	-0.45	-0.37	0.13
Common Stock	0.96	0.74	0.84	0.78	0.96	0.7	-0.95	0.59	0.31	0.96	0.38	0.0	0.31	0.97	1.0	0.6	0.98	0.89	0.96	0.35	-0.38		0.26	0.9	0.96	0.39
Good Will	0.18	0.25	0.14	0.29	0.13	-0.12	-0.15	0.36	0.29	0.14	0.48	0.2	0.29	0.36	0.27	0.22	0.24	0.01	0.1	0.29	0.25	0.26		0.01	0.08	0.15
Short Long Term Debt Total	0.88	0.6	0.7	0.56	0.92	0.9	-0.95	0.38	0.08	0.92	0.15	-0.12	0.08	0.78	0.88	0.54	0.86	1.0	0.95	0.14	-0.45	0.9	0.01		0.96	0.13
Current Deferred Revenue	0.92	0.7	0.78	0.67	0.93	0.78	-0.96	0.52	0.24	0.93	0.29	-0.12	0.24	0.87	0.94	0.55	0.93	0.94	0.94	0.28	-0.37	0.96	0.08	0.96		0.29
Short Term Debt	0.25	0.18	0.57	0.27	0.25	0.02	-0.32	0.58	0.13	0.25	0.44	0.17	0.13	0.47	0.41	-0.13	0.36	0.09	0.23	0.1	0.13	0.39	0.15	0.13	0.29

Click cells to compare fundamentals

SolGold PLC Account Relationship Matchups

SolGold PLC fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	306.8M	456.9M	429.2M	478.3M	463.8M	487.0M
Other Current Liab	4.1M	7.0M	5.2M	11.2M	5.5M	2.8M
Total Current Liabilities	21.6M	8.2M	6.9M	13.8M	17.3M	18.2M
Total Stockholder Equity	282.5M	339.2M	332.4M	312.9M	254.6M	134.3M
Property Plant And Equipment Net	245.2M	324.1M	387.7M	435.1M	448.6M	471.0M
Net Debt	(30.5M)	(2.0M)	58.7M	115.1M	193.1M	202.8M
Retained Earnings	(133.3M)	(142.2M)	(132.6M)	(247.1M)	(306.4M)	(291.0M)
Accounts Payable	2.0M	838.8K	1.3M	2.2M	1.7M	1.1M
Cash	46.9M	109.6M	26.1M	32.5M	6.0M	5.7M
Non Current Assets Total	257.0M	332.4M	394.8M	436.8M	454.7M	477.4M
Non Currrent Assets Other	11.8M	(439.4K)	1.39	4.0	6.1M	6.4M
Other Assets	7.7M	1.5M	1.7M	1.7M	2.0M	3.4M
Cash And Short Term Investments	46.9M	109.6M	26.1M	32.5M	6.0M	5.7M
Common Stock Shares Outstanding	1.9B	2.1B	2.3B	2.6B	3.0B	3.1B
Liabilities And Stockholders Equity	306.8M	456.9M	429.2M	478.3M	463.8M	487.0M
Other Current Assets	2.4M	12.0M	8.3M	9.0M	3.1M	2.7M
Other Stockholder Equity	386.5M	445.7M	432.7M	519.6M	520.5M	546.5M
Total Liab	24.8M	118.3M	97.9M	165.4M	209.2M	219.7M
Property Plant And Equipment Gross	245.2M	365.1M	433.2M	478.6M	550.4M	577.9M
Total Current Assets	49.8M	124.5M	34.4M	41.5M	9.2M	8.7M
Accumulated Other Comprehensive Income	(40.1M)	20.1K	8.5K	127.6K	114.8K	120.6K
Intangible Assets	333.6K	405.2K	529.5K	617.7K	556.0K	528.2K
Common Stock	26.4M	29.3M	32.4M	40.5M	46.5M	48.8M
Short Term Investments	4.1M	6.8M	5.3M	1.7M	2.0M	1.9M
Non Current Liabilities Total	3.2M	110.1M	91.0M	151.6M	191.9M	201.5M
Net Tangible Assets	52.2M	31.5M	(33.1M)	(98.5M)	(88.7M)	(84.2M)
Net Receivables	2.4M	4.9K	8.0M	8.8M	10.1M	10.6M
Property Plant Equipment	14.9M	18.8M	22.1M	23.7M	27.2M	28.5M
Capital Surpluse	222.9M	297.4M	353.2M	426.8M	490.8M	248.9M
Net Invested Capital	297.7M	445.8M	416.5M	459.9M	528.9M	338.5M
Net Working Capital	28.2M	116.3M	27.5M	27.7M	24.9M	41.3M

Pair Trading with SolGold PLC

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if SolGold PLC position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in SolGold PLC will appreciate offsetting losses from the drop in the long position's value.

Moving together with SolGold Stock

0.73	ORE	Orezone Gold Corp	Pair Corr
0.61	INFM	Infinico Metals Corp	Pair Corr

Moving against SolGold Stock

0.5	IE	Ivanhoe Energy	Pair Corr
0.42	FDY	Faraday Copper Corp	Pair Corr
0.35	DFR	Diamond Fields Resources	Pair Corr

The ability to find closely correlated positions to SolGold PLC could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace SolGold PLC when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back SolGold PLC - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling SolGold PLC to buy it.

The correlation of SolGold PLC is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as SolGold PLC moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if SolGold PLC moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for SolGold PLC can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

Other Information on Investing in SolGold Stock

Balance Sheet is a snapshot of the financial position of SolGold PLC at a specified time, usually calculated after every quarter, six months, or one year. SolGold PLC Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of SolGold PLC and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which SolGold currently owns. An asset can also be divided into two categories, current and non-current.

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SolGold Invested Capital vs Free Cash Flow Per Share Analysis

Invested Capital vs Free Cash Flow Per Share

Invested Capital vs Free Cash Flow Per Share Correlation Analysis

Correlation Coefficient

Invested Capital

Free Cash Flow Per Share

SolGold PLC fundamental ratios Correlations

SolGold PLC Account Relationship Matchups

High Positive Relationship

High Negative Relationship

SolGold PLC fundamental ratios Accounts

Pair Trading with SolGold PLC

Moving together with SolGold Stock

Moving against SolGold Stock

Other Information on Investing in SolGold Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Property Plant And Equipment Gross	+ 1.0	Property Plant And Equipment Net
Cash And Short Term Investments	+ 1.0	Cash
Total Current Assets	+ 1.0	Cash
Total Current Assets	+ 1.0	Cash And Short Term Investments
Common Stock	+ 1.0	Common Stock Shares Outstanding

Current Deferred Revenue	- 0.96	Retained Earnings
Short Long Term Debt Total	- 0.95	Retained Earnings
Common Stock	- 0.95	Retained Earnings
Property Plant And Equipment Gross	- 0.95	Retained Earnings
Total Liab	- 0.95	Retained Earnings
Common Stock Shares Outstanding	- 0.93	Retained Earnings