Tesoro Non Current Assets Total vs Non Currrent Assets Other Analysis

TES Stock

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Tesoro Minerals financial indicator trend analysis is much more than just breaking down Tesoro Minerals Corp prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Tesoro Minerals Corp is a good investment. Please check the relationship between Tesoro Minerals Non Current Assets Total 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 Tesoro Minerals Corp. 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.

Non Current Assets Total vs Non Currrent Assets Other

Non Current Assets Total vs Non Currrent Assets Other Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Tesoro Minerals Corp Non Current Assets Total account and Non Currrent Assets Other. At this time, the significance of the direction appears to have strong relationship.

The correlation between Tesoro Minerals' Non Current Assets Total and Non Currrent Assets Other is 0.78. Overlapping area represents the amount of variation of Non Current Assets Total that can explain the historical movement of Non Currrent Assets Other in the same time period over historical financial statements of Tesoro Minerals Corp, assuming nothing else is changed. The correlation between historical values of Tesoro Minerals' Non Current Assets Total 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 Non Current Assets Total of Tesoro Minerals Corp 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 Non Current Assets Total i.e., Tesoro Minerals' Non Current Assets Total and Non Currrent Assets Other go up and down completely randomly.

Correlation Coefficient

0.78

Relationship Direction	Positive
Relationship Strength	Significant

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Non Current Assets Total

The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.

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 Tesoro Minerals' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Tesoro Minerals Corp 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 Tesoro Minerals Corp. 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.

Discontinued Operations is likely to climb to about 47.3 K in 2024, whereas Selling General Administrative is likely to drop slightly above 59.9 K in 2024.

Tesoro Minerals fundamental ratios Correlations

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Net Tangible Assets	Retained Earnings	Accounts Payable	Cash	Net Receivables	Other Stockholder Equity	Total Liab	Short Long Term Debt	Total Current Assets	Short Term Debt	Common Stock	Property Plant Equipment	Other Current Liab	Other Current Assets	Non Current Assets Total	Non Currrent Assets Other	Long Term Investments	Common Stock Shares Outstanding	Net Invested Capital	Net Working Capital	Capital Stock
Total Assets		0.98	1.0	1.0	0.88	0.98	-0.27	0.29	0.72	0.98	0.23	-0.24	0.23	-0.72	0.99	-0.85	-0.88	0.35	0.49	0.31	-0.5	0.49	0.49	-0.34
Total Current Liabilities	0.98		0.97	0.97	0.89	1.0	-0.26	0.32	0.75	1.0	0.25	-0.21	0.25	-0.75	0.97	-0.83	-0.86	0.38	0.55	0.33	-0.57	0.53	0.53	-0.37
Total Stockholder Equity	1.0	0.97		1.0	0.87	0.97	-0.27	0.28	0.7	0.97	0.22	-0.25	0.22	-0.69	0.99	-0.86	-0.88	0.33	0.46	0.29	-0.47	0.47	0.47	-0.32
Net Tangible Assets	1.0	0.97	1.0		0.87	0.97	-0.26	0.28	0.7	0.97	0.23	-0.24	0.23	-0.7	0.99	-0.86	-0.89	0.35	0.47	0.31	-0.48	0.48	0.47	-0.33
Retained Earnings	0.88	0.89	0.87	0.87		0.89	-0.32	0.28	0.54	0.89	-0.07	-0.29	-0.07	-0.43	0.89	-0.69	-0.73	0.13	0.25	0.08	-0.37	0.39	0.41	0.01
Accounts Payable	0.98	1.0	0.97	0.97	0.89		-0.23	0.37	0.74	1.0	0.26	-0.19	0.26	-0.77	0.96	-0.85	-0.88	0.4	0.56	0.35	-0.6	0.56	0.56	-0.39
Cash	-0.27	-0.26	-0.27	-0.26	-0.32	-0.23		0.57	0.33	-0.26	0.07	0.99	0.07	0.0	-0.4	-0.13	-0.12	0.16	0.13	0.15	-0.21	0.32	0.32	-0.15
Net Receivables	0.29	0.32	0.28	0.28	0.28	0.37	0.57		0.56	0.32	0.3	0.62	0.3	-0.5	0.18	-0.53	-0.57	0.42	0.48	0.39	-0.71	0.52	0.51	-0.47
Other Stockholder Equity	0.72	0.75	0.7	0.7	0.54	0.74	0.33	0.56		0.75	0.33	0.39	0.33	-0.69	0.63	-0.79	-0.82	0.44	0.63	0.39	-0.58	0.54	0.53	-0.44
Total Liab	0.98	1.0	0.97	0.97	0.89	1.0	-0.26	0.32	0.75		0.25	-0.21	0.25	-0.75	0.97	-0.83	-0.86	0.38	0.55	0.33	-0.57	0.53	0.53	-0.37
Short Long Term Debt	0.23	0.25	0.22	0.23	-0.07	0.26	0.07	0.3	0.33	0.25		0.08	1.0	-0.63	0.18	-0.16	-0.35	0.74	0.89	0.74	-0.46	0.39	0.36	-0.81
Total Current Assets	-0.24	-0.21	-0.25	-0.24	-0.29	-0.19	0.99	0.62	0.39	-0.21	0.08		0.08	-0.05	-0.38	-0.13	-0.11	0.19	0.17	0.18	-0.29	0.36	0.37	-0.19
Short Term Debt	0.23	0.25	0.22	0.23	-0.07	0.26	0.07	0.3	0.33	0.25	1.0	0.08		-0.63	0.18	-0.16	-0.35	0.74	0.89	0.74	-0.46	0.39	0.36	-0.81
Common Stock	-0.72	-0.75	-0.69	-0.7	-0.43	-0.77	0.0	-0.5	-0.69	-0.75	-0.63	-0.05	-0.63		-0.67	0.74	0.74	-0.75	-0.83	-0.71	0.86	-0.7	-0.66	0.88
Property Plant Equipment	0.99	0.97	0.99	0.99	0.89	0.96	-0.4	0.18	0.63	0.97	0.18	-0.38	0.18	-0.67		-0.8	-0.82	0.29	0.43	0.25	-0.43	0.41	0.41	-0.28
Other Current Liab	-0.85	-0.83	-0.86	-0.86	-0.69	-0.85	-0.13	-0.53	-0.79	-0.83	-0.16	-0.13	-0.16	0.74	-0.8		0.95	-0.36	-0.47	-0.32	0.59	-0.52	-0.51	0.42
Other Current Assets	-0.88	-0.86	-0.88	-0.89	-0.73	-0.88	-0.12	-0.57	-0.82	-0.86	-0.35	-0.11	-0.35	0.74	-0.82	0.95		-0.44	-0.62	-0.39	0.57	-0.53	-0.53	0.44
Non Current Assets Total	0.35	0.38	0.33	0.35	0.13	0.4	0.16	0.42	0.44	0.38	0.74	0.19	0.74	-0.75	0.29	-0.36	-0.44		0.78	1.0	-0.78	0.66	0.59	-0.83
Non Currrent Assets Other	0.49	0.55	0.46	0.47	0.25	0.56	0.13	0.48	0.63	0.55	0.89	0.17	0.89	-0.83	0.43	-0.47	-0.62	0.78		0.75	-0.69	0.61	0.59	-0.83
Long Term Investments	0.31	0.33	0.29	0.31	0.08	0.35	0.15	0.39	0.39	0.33	0.74	0.18	0.74	-0.71	0.25	-0.32	-0.39	1.0	0.75		-0.75	0.63	0.55	-0.82
Common Stock Shares Outstanding	-0.5	-0.57	-0.47	-0.48	-0.37	-0.6	-0.21	-0.71	-0.58	-0.57	-0.46	-0.29	-0.46	0.86	-0.43	0.59	0.57	-0.78	-0.69	-0.75		-0.78	-0.73	0.81
Net Invested Capital	0.49	0.53	0.47	0.48	0.39	0.56	0.32	0.52	0.54	0.53	0.39	0.36	0.39	-0.7	0.41	-0.52	-0.53	0.66	0.61	0.63	-0.78		0.99	-0.6
Net Working Capital	0.49	0.53	0.47	0.47	0.41	0.56	0.32	0.51	0.53	0.53	0.36	0.37	0.36	-0.66	0.41	-0.51	-0.53	0.59	0.59	0.55	-0.73	0.99		-0.55
Capital Stock	-0.34	-0.37	-0.32	-0.33	0.01	-0.39	-0.15	-0.47	-0.44	-0.37	-0.81	-0.19	-0.81	0.88	-0.28	0.42	0.44	-0.83	-0.83	-0.82	0.81	-0.6	-0.55

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Tesoro Minerals Account Relationship Matchups

Tesoro Minerals fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	255.3K	273.8K	67.6K	126.3K	113.6K	107.9K
Total Current Liabilities	31.0K	25.0K	24.4K	39.4K	35.5K	33.7K
Total Stockholder Equity	224.3K	248.8K	43.2K	86.8K	78.1K	74.2K
Net Tangible Assets	156.0K	224.3K	248.8K	43.2K	38.8K	36.9K
Retained Earnings	(41.2M)	(41.5M)	(41.7M)	(42.0M)	(37.8M)	(39.6M)
Accounts Payable	6.7K	3.7K	6.1K	14.4K	13.0K	12.3K
Cash	220.1K	240.0K	34.5K	115.5K	104.0K	178.3K
Net Receivables	3.1K	749.0	969.0	6.5K	5.8K	5.5K
Total Liab	31.0K	25.0K	24.4K	39.4K	35.5K	33.7K
Total Current Assets	227.8K	246.3K	40.1K	126.3K	113.6K	212.3K
Common Stock	38.9M	39.4M	39.7M	40.1M	46.1M	42.4M
Common Stock Shares Outstanding	72.3M	79.0M	87.0M	99.0M	113.9M	85.3M
Net Invested Capital	224.3K	248.8K	43.2K	86.8K	78.1K	132.8K
Net Working Capital	196.8K	221.3K	15.7K	86.8K	78.1K	113.9K
Capital Stock	39.4M	39.7M	40.1M	40.3M	46.4M	43.7M

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