Visible Non Current Assets Total vs Cash Analysis

VGD Stock  CAD 0.08  0.01  14.29%   
Visible Gold financial indicator trend analysis is much more than just breaking down Visible Gold Mines prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Visible Gold Mines is a good investment. Please check the relationship between Visible Gold Non Current Assets Total and its Cash accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Visible Gold Mines. 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 Cash

Non Current Assets Total vs Cash Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Visible Gold Mines Non Current Assets Total account and Cash. At this time, the significance of the direction appears to have strong relationship.
The correlation between Visible Gold's Non Current Assets Total and Cash is 0.71. Overlapping area represents the amount of variation of Non Current Assets Total that can explain the historical movement of Cash in the same time period over historical financial statements of Visible Gold Mines, assuming nothing else is changed. The correlation between historical values of Visible Gold's Non Current Assets Total and Cash 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 Visible Gold Mines are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Non Current Assets Total i.e., Visible Gold's Non Current Assets Total and Cash go up and down completely randomly.

Correlation Coefficient

0.71
Relationship DirectionPositive 
Relationship StrengthSignificant

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.

Cash

Cash refers to the most liquid asset of Visible Gold Mines, which is listed under current asset account on Visible Gold Mines balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Visible Gold customers. The amounts must be unrestricted with restricted cash listed in a different Visible Gold account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.
Most indicators from Visible Gold's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Visible Gold Mines 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 Visible Gold Mines. 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, Visible Gold's Selling General Administrative is fairly stable compared to the past year. Issuance Of Capital Stock is likely to climb to about 260.8 K in 2024, despite the fact that Enterprise Value Over EBITDA is likely to grow to (3.68).
 2021 2022 2023 2024 (projected)
Other Operating Expenses388.0K321.1K289.0K274.5K
Depreciation And Amortization8.2K4.7K5.4K5.1K

Visible Gold fundamental ratios Correlations

0.111.00.82-0.830.730.010.80.980.980.790.58-0.860.20.630.450.710.28-0.410.54-0.490.520.920.910.780.9
0.110.07-0.110.230.040.67-0.260.10.13-0.190.31-0.150.16-0.030.720.090.560.020.17-0.040.020.010.08-0.20.07
1.00.070.83-0.840.740.00.810.980.980.80.55-0.860.190.630.410.70.25-0.420.51-0.490.530.930.920.790.91
0.82-0.110.83-0.70.57-0.140.650.820.80.590.33-0.650.180.430.180.510.12-0.240.34-0.40.640.770.780.570.78
-0.830.23-0.84-0.7-0.680.11-1.0-0.75-0.75-0.97-0.520.74-0.2-0.63-0.18-0.79-0.110.48-0.470.49-0.43-0.8-0.73-0.89-0.75
0.730.040.740.57-0.680.220.660.620.620.610.4-0.880.730.520.310.850.58-0.590.52-0.920.310.880.870.840.79
0.010.670.0-0.140.110.22-0.13-0.03-0.01-0.130.19-0.320.270.090.220.140.3-0.35-0.19-0.320.080.140.160.080.2
0.8-0.260.810.65-1.00.66-0.130.710.720.980.53-0.70.190.640.190.790.09-0.490.49-0.470.370.770.690.890.71
0.980.10.980.82-0.750.62-0.030.711.00.710.47-0.790.030.580.390.540.16-0.320.42-0.360.530.870.880.660.88
0.980.130.980.8-0.750.62-0.010.721.00.720.48-0.80.030.590.410.550.16-0.340.43-0.360.510.870.880.660.87
0.79-0.190.80.59-0.970.61-0.130.980.710.720.53-0.660.140.620.250.770.11-0.440.5-0.40.330.730.650.860.66
0.580.310.550.33-0.520.40.190.530.470.480.53-0.430.20.740.670.710.2-0.550.66-0.220.150.390.340.560.39
-0.86-0.15-0.86-0.650.74-0.88-0.32-0.7-0.79-0.8-0.66-0.43-0.47-0.54-0.28-0.74-0.440.53-0.330.77-0.6-0.95-0.95-0.84-0.94
0.20.160.190.18-0.20.730.270.190.030.030.140.2-0.470.040.290.680.82-0.270.45-0.840.140.410.410.440.32
0.63-0.030.630.43-0.630.520.090.640.580.590.620.74-0.540.040.370.59-0.12-0.840.52-0.350.160.520.480.680.47
0.450.720.410.18-0.180.310.220.190.390.410.250.67-0.280.290.370.50.57-0.140.79-0.180.040.230.260.140.18
0.710.090.70.51-0.790.850.140.790.540.550.770.71-0.740.680.590.50.56-0.550.72-0.740.30.730.680.870.65
0.280.560.250.12-0.110.580.30.090.160.160.110.2-0.440.82-0.120.570.56-0.020.46-0.630.10.370.40.240.31
-0.410.02-0.42-0.240.48-0.59-0.35-0.49-0.32-0.34-0.44-0.550.53-0.27-0.84-0.14-0.55-0.02-0.280.590.02-0.48-0.43-0.67-0.44
0.540.170.510.34-0.470.52-0.190.490.420.430.50.66-0.330.450.520.790.720.46-0.28-0.380.030.360.350.420.23
-0.49-0.04-0.49-0.40.49-0.92-0.32-0.47-0.36-0.36-0.4-0.220.77-0.84-0.35-0.18-0.74-0.630.59-0.38-0.28-0.72-0.71-0.7-0.62
0.520.020.530.64-0.430.310.080.370.530.510.330.15-0.60.140.160.040.30.10.020.03-0.280.540.560.370.59
0.920.010.930.77-0.80.880.140.770.870.870.730.39-0.950.410.520.230.730.37-0.480.36-0.720.540.990.860.98
0.910.080.920.78-0.730.870.160.690.880.880.650.34-0.950.410.480.260.680.4-0.430.35-0.710.560.990.780.97
0.78-0.20.790.57-0.890.840.080.890.660.660.860.56-0.840.440.680.140.870.24-0.670.42-0.70.370.860.780.8
0.90.070.910.78-0.750.790.20.710.880.870.660.39-0.940.320.470.180.650.31-0.440.23-0.620.590.980.970.8
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Visible Gold Account Relationship Matchups

Visible Gold fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets5.2M5.5M1.5M796.9K717.3K681.4K
Total Current Liabilities401.4K44.6K118.6K180.5K162.5K242.2K
Total Stockholder Equity4.8M5.4M1.4M541.5K487.4K463.0K
Property Plant And Equipment Net526.1K734.9K450.3K146.4K131.8K125.2K
Net Debt(20.1K)(333.3K)(173.5K)68.3K78.6K82.5K
Retained Earnings(23.2M)(24.1M)(28.2M)(29.2M)(26.3M)(25.0M)
Accounts Payable279.7K2.6K30.8K79.8K71.8K117.1K
Cash20.1K333.3K173.5K22.4K20.2K19.2K
Non Current Assets Total5.2M5.1M1.3M704.5K634.1K602.4K
Non Currrent Assets Other4.6M4.2M721.4K503.1K452.8K430.1K
Cash And Short Term Investments20.1K333.3K173.5K22.4K20.2K19.2K
Net Receivables11.7K21.3K11.9K68.3K61.4K58.4K
Common Stock Shares Outstanding23.0M31.5M33.8M34.2M39.3M41.3M
Liabilities And Stockholders Equity5.2M5.5M1.5M796.9K717.3K681.4K
Other Current Assets52.0659.01.3K1.7K1.6K1.5K
Total Liab401.4K44.6K118.6K255.4K229.9K292.8K
Total Current Assets31.8K355.2K186.7K92.4K83.2K79.0K
Other Current Liab121.7K42.0K87.8K84.8K76.4K148.6K
Common Stock21.8M22.2M23.4M23.6M27.1M22.1M
Net Tangible Assets4.7M4.8M5.4M1.4M1.2M1.2M
Property Plant Equipment5.0M5.2M5.0M1.2M1.1M1.0M
Net Invested Capital4.8M5.4M1.4M632.3K569.1K540.6K
Net Working Capital(369.6K)310.6K68.1K(88.1K)(79.3K)(75.3K)
Capital Stock21.8M22.2M23.4M23.6M27.1M24.9M

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Additional Tools for Visible Stock Analysis

When running Visible Gold's price analysis, check to measure Visible Gold's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Visible Gold is operating at the current time. Most of Visible Gold's value examination focuses on studying past and present price action to predict the probability of Visible Gold's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Visible Gold's price. Additionally, you may evaluate how the addition of Visible Gold to your portfolios can decrease your overall portfolio volatility.