Torque Metals financial indicator trend analysis is much more than just breaking down Torque Metals prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Torque Metals is a good investment. Please check the relationship between Torque Metals Net Income and its Net Borrowings accounts. Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in Torque Metals. 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.
Net Income vs Net Borrowings
Net Income vs Net Borrowings Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Torque Metals Net Income account and
Net Borrowings. At this time, the significance of the direction appears to have strong relationship.
The correlation between Torque Metals' Net Income and Net Borrowings is 0.69. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Net Borrowings in the same time period over historical financial statements of Torque Metals, assuming nothing else is changed. The correlation between historical values of Torque Metals' Net Income and Net Borrowings is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Income of Torque Metals are associated (or correlated) with its Net Borrowings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Borrowings has no effect on the direction of Net Income i.e., Torque Metals' Net Income and Net Borrowings go up and down completely randomly.
Correlation Coefficient | 0.69 |
| Relationship Direction | Positive |
| Relationship Strength | Significant |
Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Torque Metals financial statement analysis. It represents the amount of money remaining after all of Torque Metals operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.
Net Borrowings
The difference between the amount of new debt a company has taken on and the amount of debt it has paid off during a given period.
Most indicators from Torque Metals' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Torque Metals 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 Torque Metals. 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.
Selling General Administrative is likely to gain to about 3.1
M in 2025.
Issuance Of Capital Stock is likely to gain to about 3.2
M in 2025
Torque Metals fundamental ratios Correlations
Click cells to compare fundamentals
Torque Metals Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Torque Metals fundamental ratios Accounts
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Additional Tools for Torque Stock Analysis
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