Uranium Depreciation vs Other Non Cash Items Analysis

UROY Stock

USD 2.19 0.06 2.82%

Uranium Royalty financial indicator trend analysis is much more than just breaking down Uranium Royalty Corp prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Uranium Royalty Corp is a good investment. Please check the relationship between Uranium Royalty Depreciation and its Other Non Cash Items accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Uranium Royalty 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 persons.

Depreciation vs Other Non Cash Items

Depreciation vs Other Non Cash Items Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Uranium Royalty Corp Depreciation account and Other Non Cash Items. At this time, the significance of the direction appears to have no relationship.

The correlation between Uranium Royalty's Depreciation and Other Non Cash Items is 0.04. Overlapping area represents the amount of variation of Depreciation that can explain the historical movement of Other Non Cash Items in the same time period over historical financial statements of Uranium Royalty Corp, assuming nothing else is changed. The correlation between historical values of Uranium Royalty's Depreciation and Other Non Cash Items is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Depreciation of Uranium Royalty Corp are associated (or correlated) with its Other Non Cash Items. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Non Cash Items has no effect on the direction of Depreciation i.e., Uranium Royalty's Depreciation and Other Non Cash Items go up and down completely randomly.

Correlation Coefficient

0.04

Relationship Direction	Positive
Relationship Strength	Insignificant

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Depreciation

Depreciation indicates how much of Uranium Royalty Corp value has been used up. For tax purposes Uranium Royalty can deduct the cost of the tangible assets it purchases as business expenses. However, Uranium Royalty Corp must depreciate these assets in accordance with IRS rules about how and when the deduction may be taken, and how long it will last. The systematic allocation of the cost of a tangible asset over its useful life.

Other Non Cash Items

Most indicators from Uranium Royalty's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Uranium Royalty 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 Uranium Royalty 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 persons.

At this time, Uranium Royalty's Enterprise Value Over EBITDA is fairly stable compared to the past year. Enterprise Value Multiple is likely to rise to 44.34 in 2024, whereas Selling General Administrative is likely to drop slightly above 3.1 M in 2024.

Uranium Royalty fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Tangible Assets	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Common Stock Shares Outstanding	Other Stockholder Equity	Total Liab	Total Current Assets	Common Stock	Short Long Term Debt Total	Current Deferred Revenue	Other Assets	Net Receivables	Common Stock Total Equity	Short Term Investments	Non Current Liabilities Total	Inventory	Other Current Assets
Total Assets		0.19	0.3	1.0	0.99	-0.57	0.49	0.94	0.91	0.89	-0.36	0.76	0.91	-0.94	0.41	1.0	1.0	-0.67	0.33	-0.84	0.84	0.84	-0.32	-0.74	0.97	0.36
Other Current Liab	0.19		0.99	0.16	0.21	0.33	-0.18	0.28	0.12	0.29	-0.35	0.39	0.3	-0.25	0.76	0.17	0.17	0.08	-0.14	-0.06	-0.05	0.07	0.07	-0.12	0.09	0.12
Total Current Liabilities	0.3	0.99		0.26	0.3	0.25	-0.09	0.39	0.23	0.37	-0.35	0.45	0.38	-0.34	0.77	0.28	0.28	-0.01	-0.11	-0.14	0.06	0.14	0.0	-0.2	0.2	0.13
Total Stockholder Equity	1.0	0.16	0.26		0.98	-0.6	0.52	0.94	0.93	0.88	-0.33	0.74	0.9	-0.93	0.37	1.0	1.0	-0.69	0.33	-0.84	0.85	0.84	-0.35	-0.75	0.97	0.34
Net Tangible Assets	0.99	0.21	0.3	0.98		-0.5	0.36	0.9	0.88	0.94	-0.5	0.83	0.94	-0.98	0.46	0.97	0.99	-0.66	0.43	-0.89	0.74	0.89	-0.18	-0.76	0.92	0.49
Net Debt	-0.57	0.33	0.25	-0.6	-0.5		-0.72	-0.61	-0.81	-0.36	-0.22	-0.15	-0.41	0.4	0.48	-0.59	-0.59	0.79	-0.08	0.51	-0.73	-0.5	0.75	0.73	-0.67	0.26
Retained Earnings	0.49	-0.18	-0.09	0.52	0.36	-0.72		0.61	0.6	0.1	0.63	-0.14	0.18	-0.18	-0.3	0.55	0.49	-0.42	-0.4	-0.1	0.88	0.11	-0.92	-0.26	0.68	-0.54
Accounts Payable	0.94	0.28	0.39	0.94	0.9	-0.61	0.61		0.92	0.8	-0.2	0.69	0.85	-0.83	0.36	0.95	0.94	-0.77	0.27	-0.76	0.88	0.76	-0.52	-0.76	0.93	0.17
Cash	0.91	0.12	0.23	0.93	0.88	-0.81	0.6	0.92		0.78	-0.21	0.63	0.81	-0.82	0.13	0.92	0.92	-0.83	0.26	-0.8	0.84	0.79	-0.55	-0.88	0.92	0.1
Non Current Assets Total	0.89	0.29	0.37	0.88	0.94	-0.36	0.1	0.8	0.78		-0.7	0.93	0.99	-0.98	0.57	0.86	0.9	-0.65	0.61	-0.93	0.54	0.95	0.03	-0.78	0.76	0.63
Non Currrent Assets Other	-0.36	-0.35	-0.35	-0.33	-0.5	-0.22	0.63	-0.2	-0.21	-0.7		-0.84	-0.63	0.64	-0.65	-0.29	-0.36	0.21	-0.76	0.67	0.2	-0.65	-0.67	0.44	-0.12	-0.87
Cash And Short Term Investments	0.76	0.39	0.45	0.74	0.83	-0.15	-0.14	0.69	0.63	0.93	-0.84		0.89	-0.89	0.68	0.71	0.76	-0.59	0.74	-0.9	0.33	0.87	0.22	-0.72	0.57	0.7
Common Stock Shares Outstanding	0.91	0.3	0.38	0.9	0.94	-0.41	0.18	0.85	0.81	0.99	-0.63	0.89		-0.97	0.53	0.88	0.91	-0.69	0.57	-0.92	0.59	0.95	-0.07	-0.8	0.79	0.59
Other Stockholder Equity	-0.94	-0.25	-0.34	-0.93	-0.98	0.4	-0.18	-0.83	-0.82	-0.98	0.64	-0.89	-0.97		-0.54	-0.92	-0.94	0.62	-0.52	0.92	-0.61	-0.92	0.02	0.76	-0.84	-0.62
Total Liab	0.41	0.76	0.77	0.37	0.46	0.48	-0.3	0.36	0.13	0.57	-0.65	0.68	0.53	-0.54		0.37	0.39	0.09	0.25	-0.32	0.03	0.33	0.43	-0.07	0.25	0.57
Total Current Assets	1.0	0.17	0.28	1.0	0.97	-0.59	0.55	0.95	0.92	0.86	-0.29	0.71	0.88	-0.92	0.37		1.0	-0.66	0.27	-0.8	0.87	0.8	-0.37	-0.72	0.98	0.31
Common Stock	1.0	0.17	0.28	1.0	0.99	-0.59	0.49	0.94	0.92	0.9	-0.36	0.76	0.91	-0.94	0.39	1.0		-0.69	0.34	-0.85	0.83	0.85	-0.32	-0.76	0.97	0.37
Short Long Term Debt Total	-0.67	0.08	-0.01	-0.69	-0.66	0.79	-0.42	-0.77	-0.83	-0.65	0.21	-0.59	-0.69	0.62	0.09	-0.66	-0.69		-0.56	0.81	-0.63	-0.79	0.49	0.92	-0.63	-0.11
Current Deferred Revenue	0.33	-0.14	-0.11	0.33	0.43	-0.08	-0.4	0.27	0.26	0.61	-0.76	0.74	0.57	-0.52	0.25	0.27	0.34	-0.56		-0.76	-0.03	0.73	0.42	-0.54	0.13	0.7
Other Assets	-0.84	-0.06	-0.14	-0.84	-0.89	0.51	-0.1	-0.76	-0.8	-0.93	0.67	-0.9	-0.92	0.92	-0.32	-0.8	-0.85	0.81	-0.76		-0.51	-0.98	0.02	0.89	-0.7	-0.6
Net Receivables	0.84	-0.05	0.06	0.85	0.74	-0.73	0.88	0.88	0.84	0.54	0.2	0.33	0.59	-0.61	0.03	0.87	0.83	-0.63	-0.03	-0.51		0.52	-0.73	-0.54	0.93	-0.13
Common Stock Total Equity	0.84	0.07	0.14	0.84	0.89	-0.5	0.11	0.76	0.79	0.95	-0.65	0.87	0.95	-0.92	0.33	0.8	0.85	-0.79	0.73	-0.98	0.52		-0.03	-0.86	0.71	0.61
Short Term Investments	-0.32	0.07	0.0	-0.35	-0.18	0.75	-0.92	-0.52	-0.55	0.03	-0.67	0.22	-0.07	0.02	0.43	-0.37	-0.32	0.49	0.42	0.02	-0.73	-0.03		0.33	-0.5	0.68
Non Current Liabilities Total	-0.74	-0.12	-0.2	-0.75	-0.76	0.73	-0.26	-0.76	-0.88	-0.78	0.44	-0.72	-0.8	0.76	-0.07	-0.72	-0.76	0.92	-0.54	0.89	-0.54	-0.86	0.33		-0.66	-0.29
Inventory	0.97	0.09	0.2	0.97	0.92	-0.67	0.68	0.93	0.92	0.76	-0.12	0.57	0.79	-0.84	0.25	0.98	0.97	-0.63	0.13	-0.7	0.93	0.71	-0.5	-0.66		0.17
Other Current Assets	0.36	0.12	0.13	0.34	0.49	0.26	-0.54	0.17	0.1	0.63	-0.87	0.7	0.59	-0.62	0.57	0.31	0.37	-0.11	0.7	-0.6	-0.13	0.61	0.68	-0.29	0.17

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Uranium Royalty Account Relationship Matchups

Uranium Royalty fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	70.7M	76.2M	178.2M	185.8M	278.7M	292.6M
Total Current Liabilities	399.6K	506.9K	486K	10.3M	2.8M	3.4M
Total Stockholder Equity	70.2M	75.6M	164.6M	175.4M	275.8M	289.6M
Net Tangible Assets	70.2M	75.6M	164.6M	175.4M	201.7M	211.8M
Net Debt	(11.8M)	(7.2M)	8.7M	(4.4M)	(20.9M)	(19.9M)
Retained Earnings	(6.8M)	(7.9M)	(12.1M)	(11.9M)	22.5M	23.6M
Accounts Payable	399.6K	506.9K	469K	549K	1.2M	1.3M
Cash	11.8M	7.2M	4.4M	14.3M	21.1M	22.2M
Non Current Assets Total	27.3M	25.6M	44.1M	47.0M	47.0M	32.2M
Non Currrent Assets Other	(27.3M)	(25.6M)	(44.1M)	(47.0M)	(1.0)	(1.05)
Cash And Short Term Investments	42.3M	37.3M	56.2M	52.6M	30.2M	39.5M
Common Stock Shares Outstanding	54.3M	72.0M	88.3M	97.9M	115.3M	75.4M
Other Stockholder Equity	(60.0M)	(71.5M)	(140.3M)	(155.4M)	(139.9M)	(132.9M)
Total Liab	439.6K	546.9K	13.5M	10.4M	2.9M	2.8M
Total Current Assets	43.4M	50.6M	134.0M	138.8M	231.8M	243.3M
Common Stock	66.8M	73.0M	152.4M	167.3M	244.4M	256.6M
Net Receivables	351.4K	211.0	2.1M	110K	14.3M	15.0M
Short Term Investments	30.5M	30.0M	51.8M	38.3M	9.1M	8.7M
Liabilities And Stockholders Equity	70.7M	76.2M	178.2M	185.8M	278.7M	152.9M
Other Current Assets	752.3K	31.0M	47.7M	32.7M	110K	104.5K
Net Invested Capital	70.2M	75.7M	177.6M	175.4M	275.8M	150.0M
Accumulated Other Comprehensive Income	3.1M	4.2M	24.3M	19.9M	8.9M	11.4M
Capital Stock	66.8M	73.0M	152.4M	167.3M	244.4M	134.6M
Net Working Capital	43.0M	50.1M	133.5M	128.5M	229.0M	240.4M

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Uranium Depreciation vs Other Non Cash Items Analysis

Depreciation vs Other Non Cash Items

Depreciation vs Other Non Cash Items Correlation Analysis

Correlation Coefficient

Depreciation

Other Non Cash Items

Uranium Royalty fundamental ratios Correlations

Uranium Royalty Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Uranium Royalty fundamental ratios Accounts

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Additional Tools for Uranium Stock Analysis

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Total Stockholder Equity	+ 1.0	Total Assets
Total Current Assets	+ 1.0	Total Assets
Common Stock	+ 1.0	Total Assets
Total Current Assets	+ 1.0	Total Stockholder Equity
Common Stock	+ 1.0	Total Stockholder Equity
Common Stock	+ 1.0	Total Current Assets

Common Stock Total Equity	- 0.98	Other Assets
Other Stockholder Equity	- 0.98	Non Current Assets Total
Other Stockholder Equity	- 0.98	Net Tangible Assets
Other Stockholder Equity	- 0.97	Common Stock Shares Outstanding
Common Stock	- 0.94	Other Stockholder Equity
Other Stockholder Equity	- 0.94	Total Assets