Wealth Inventory vs Net Debt Analysis

WML Stock  CAD 0.04  0.01  12.50%   
Wealth Minerals financial indicator trend analysis is more than just analyzing Wealth Minerals current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Wealth Minerals is a good investment. Please check the relationship between Wealth Minerals Inventory and its Net Debt accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Wealth Minerals. 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.

Inventory vs Net Debt

Inventory vs Net Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Wealth Minerals Inventory account and Net Debt. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Wealth Minerals' Inventory and Net Debt is 0.4. Overlapping area represents the amount of variation of Inventory that can explain the historical movement of Net Debt in the same time period over historical financial statements of Wealth Minerals, assuming nothing else is changed. The correlation between historical values of Wealth Minerals' Inventory and Net Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Inventory of Wealth Minerals are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Inventory i.e., Wealth Minerals' Inventory and Net Debt go up and down completely randomly.

Correlation Coefficient

0.4
Relationship DirectionPositive 
Relationship StrengthWeak

Inventory

Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.
Most indicators from Wealth Minerals' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Wealth Minerals 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 Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Wealth Minerals. 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, Wealth Minerals' Issuance Of Capital Stock is fairly stable compared to the past year. Enterprise Value is likely to climb to about 67.9 M in 2024, whereas Selling General Administrative is likely to drop slightly above 4.6 M in 2024.

Wealth Minerals fundamental ratios Correlations

-0.3-0.161.00.99-0.66-0.920.450.81.0-0.120.80.290.93-0.060.450.110.830.78-0.59-0.22-0.220.99-0.230.930.91
-0.30.18-0.3-0.350.130.17-0.18-0.13-0.32-0.1-0.110.39-0.09-0.030.39-0.04-0.09-0.13-0.18-0.33-0.33-0.37-0.32-0.25-0.39
-0.160.18-0.23-0.10.72-0.060.68-0.48-0.130.45-0.470.1-0.21-0.10.150.64-0.44-0.060.020.50.5-0.170.5-0.11-0.06
1.0-0.3-0.230.98-0.69-0.90.390.810.99-0.150.820.270.94-0.110.430.020.840.77-0.61-0.25-0.250.99-0.250.920.9
0.99-0.35-0.10.98-0.57-0.910.510.711.0-0.030.710.230.87-0.090.440.140.740.78-0.54-0.08-0.080.99-0.090.920.94
-0.660.130.72-0.69-0.570.520.18-0.94-0.620.33-0.93-0.25-0.72-0.18-0.240.26-0.91-0.480.40.710.71-0.630.72-0.59-0.49
-0.920.17-0.06-0.9-0.910.52-0.55-0.69-0.920.14-0.69-0.4-0.87-0.05-0.49-0.31-0.72-0.710.50.180.18-0.90.19-0.93-0.89
0.45-0.180.680.390.510.18-0.550.050.480.530.060.20.32-0.120.180.560.10.41-0.150.350.350.450.340.510.57
0.8-0.13-0.480.810.71-0.94-0.690.050.76-0.31.00.340.880.130.34-0.090.990.6-0.6-0.68-0.680.75-0.680.710.59
1.0-0.32-0.130.991.0-0.62-0.920.480.76-0.10.760.270.91-0.070.450.130.790.78-0.57-0.17-0.170.99-0.170.930.93
-0.12-0.10.45-0.15-0.030.330.140.53-0.3-0.1-0.31-0.35-0.31-0.15-0.10.17-0.30.020.150.520.52-0.070.52-0.160.04
0.8-0.11-0.470.820.71-0.93-0.690.061.00.76-0.310.350.890.10.34-0.11.00.62-0.63-0.69-0.690.75-0.690.710.59
0.290.390.10.270.23-0.25-0.40.20.340.27-0.350.350.40.170.190.240.370.08-0.25-0.36-0.360.23-0.370.330.2
0.93-0.09-0.210.940.87-0.72-0.870.320.880.91-0.310.890.4-0.090.440.010.910.74-0.72-0.49-0.490.88-0.50.860.74
-0.06-0.03-0.1-0.11-0.09-0.18-0.05-0.120.13-0.07-0.150.10.17-0.090.00.630.09-0.030.15-0.27-0.27-0.05-0.27-0.02-0.03
0.450.390.150.430.44-0.24-0.490.180.340.45-0.10.340.190.440.00.250.360.41-0.32-0.16-0.160.43-0.150.450.41
0.11-0.040.640.020.140.26-0.310.56-0.090.130.17-0.10.240.010.630.25-0.070.150.040.160.160.110.150.160.19
0.83-0.09-0.440.840.74-0.91-0.720.10.990.79-0.31.00.370.910.090.36-0.070.67-0.65-0.67-0.670.78-0.680.740.61
0.78-0.13-0.060.770.78-0.48-0.710.410.60.780.020.620.080.74-0.030.410.150.67-0.59-0.25-0.250.77-0.250.70.69
-0.59-0.180.02-0.61-0.540.40.5-0.15-0.6-0.570.15-0.63-0.25-0.720.15-0.320.04-0.65-0.590.370.37-0.540.38-0.39-0.29
-0.22-0.330.5-0.25-0.080.710.180.35-0.68-0.170.52-0.69-0.36-0.49-0.27-0.160.16-0.67-0.250.371.0-0.121.0-0.190.05
-0.22-0.330.5-0.25-0.080.710.180.35-0.68-0.170.52-0.69-0.36-0.49-0.27-0.160.16-0.67-0.250.371.0-0.121.0-0.190.05
0.99-0.37-0.170.990.99-0.63-0.90.450.750.99-0.070.750.230.88-0.050.430.110.780.77-0.54-0.12-0.12-0.120.920.94
-0.23-0.320.5-0.25-0.090.720.190.34-0.68-0.170.52-0.69-0.37-0.5-0.27-0.150.15-0.68-0.250.381.01.0-0.12-0.20.04
0.93-0.25-0.110.920.92-0.59-0.930.510.710.93-0.160.710.330.86-0.020.450.160.740.7-0.39-0.19-0.190.92-0.20.95
0.91-0.39-0.060.90.94-0.49-0.890.570.590.930.040.590.20.74-0.030.410.190.610.69-0.290.050.050.940.040.95
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Wealth Minerals Account Relationship Matchups

Wealth Minerals fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets37.6M51.4M55.4M55.3M63.6M66.8M
Total Current Liabilities5.0M1.2M680.8K801.6K921.8K1.5M
Total Stockholder Equity32.6M43.6M53.4M54.5M62.6M65.8M
Property Plant And Equipment Net35.0M41.2M43.1M43.1M49.5M52.0M
Net Debt3.3M(3.8M)(5.2M)(4.7M)(4.2M)(4.0M)
Retained Earnings(124.1M)(133.5M)(138.1M)(148.6M)(133.7M)(127.0M)
Accounts Payable984.5K584.7K438.2K602.5K692.8K441.4K
Cash87.9K4.3M5.3M4.7M5.4M5.7M
Non Current Assets Total37.3M46.4M49.8M49.5M56.9M59.8M
Non Currrent Assets Other137.5K41.4M25.1K92.4K106.3K100.9K
Cash And Short Term Investments87.9K4.3M5.3M5.1M5.8M6.1M
Net Receivables189.5K175.8K216.3K209.7K188.7K156.6K
Common Stock Shares Outstanding152.6M207.3M270.1M318.6M366.4M384.7M
Liabilities And Stockholders Equity37.6M51.4M55.4M55.3M63.6M66.8M
Other Stockholder Equity16.4M19.0M19.1M21.0M24.1M21.1M
Total Liab5.0M7.8M2.1M863.6K993.1K1.9M
Total Current Assets336.3K4.9M5.6M5.8M6.7M7.0M
Accumulated Other Comprehensive Income19.1M21.0M24.0M26.6M30.6M32.2M
Other Current Assets58.9K511.4K132.0K539.4K620.4K651.4K
Short Long Term Debt Total3.4M443.4K40K27.1K24.4K23.2K
Short Term Debt3.4M443.4K40K27.1K24.4K23.2K
Net Tangible Assets41.1M35.3M32.6M43.6M50.1M52.6M
Common Stock137.6M156.1M167.5M176.4M202.9M119.0M
Property Plant Equipment40.1M41.4M35.0M41.2M47.4M24.5M
Net Invested Capital36.0M44.0M53.4M54.5M62.7M47.5M
Net Working Capital(4.7M)3.7M4.9M5.0M5.8M6.1M
Capital Stock137.6M156.1M167.5M176.4M202.9M165.0M

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When running Wealth Minerals' price analysis, check to measure Wealth Minerals' 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 Wealth Minerals is operating at the current time. Most of Wealth Minerals' value examination focuses on studying past and present price action to predict the probability of Wealth Minerals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Wealth Minerals' price. Additionally, you may evaluate how the addition of Wealth Minerals to your portfolios can decrease your overall portfolio volatility.