Wealth Total Current Assets vs Common Stock Shares Outstanding Analysis
WML Stock | CAD 0.05 0.01 25.00% |
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 Total Current Assets and its Common Stock Shares Outstanding 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.
Total Current Assets vs Common Stock Shares Outstanding
Total Current Assets vs Common Stock Shares Outstanding Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Wealth Minerals Total Current Assets account and Common Stock Shares Outstanding. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Wealth Minerals' Total Current Assets and Common Stock Shares Outstanding is 0.91. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Common Stock Shares Outstanding 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' Total Current Assets and Common Stock Shares Outstanding is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Current Assets of Wealth Minerals are associated (or correlated) with its Common Stock Shares Outstanding. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock Shares Outstanding has no effect on the direction of Total Current Assets i.e., Wealth Minerals' Total Current Assets and Common Stock Shares Outstanding go up and down completely randomly.
Correlation Coefficient | 0.91 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Total Current Assets
The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.Common Stock Shares Outstanding
The total number of shares of a company's common stock that are currently owned by all its shareholders.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
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Wealth Minerals Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Wealth Minerals fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 37.6M | 51.4M | 55.4M | 55.3M | 63.6M | 66.8M | |
Total Current Liabilities | 5.0M | 1.2M | 680.8K | 801.6K | 921.8K | 1.5M | |
Total Stockholder Equity | 32.6M | 43.6M | 53.4M | 54.5M | 62.6M | 65.8M | |
Property Plant And Equipment Net | 35.0M | 41.2M | 43.1M | 43.1M | 49.5M | 52.0M | |
Net Debt | 3.3M | (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 Payable | 984.5K | 584.7K | 438.2K | 602.5K | 692.8K | 441.4K | |
Cash | 87.9K | 4.3M | 5.3M | 4.7M | 5.4M | 5.7M | |
Non Current Assets Total | 37.3M | 46.4M | 49.8M | 49.5M | 56.9M | 59.8M | |
Non Currrent Assets Other | 137.5K | 41.4M | 25.1K | 92.4K | 106.3K | 100.9K | |
Cash And Short Term Investments | 87.9K | 4.3M | 5.3M | 5.1M | 5.8M | 6.1M | |
Net Receivables | 189.5K | 175.8K | 216.3K | 209.7K | 188.7K | 156.6K | |
Common Stock Shares Outstanding | 152.6M | 207.3M | 270.1M | 318.6M | 366.4M | 384.7M | |
Liabilities And Stockholders Equity | 37.6M | 51.4M | 55.4M | 55.3M | 63.6M | 66.8M | |
Other Stockholder Equity | 16.4M | 19.0M | 19.1M | 21.0M | 24.1M | 21.1M | |
Total Liab | 5.0M | 7.8M | 2.1M | 863.6K | 993.1K | 1.9M | |
Total Current Assets | 336.3K | 4.9M | 5.6M | 5.8M | 6.7M | 7.0M | |
Accumulated Other Comprehensive Income | 19.1M | 21.0M | 24.0M | 26.6M | 30.6M | 32.2M | |
Other Current Assets | 58.9K | 511.4K | 132.0K | 539.4K | 620.4K | 651.4K | |
Short Long Term Debt Total | 3.4M | 443.4K | 40K | 27.1K | 24.4K | 23.2K | |
Short Term Debt | 3.4M | 443.4K | 40K | 27.1K | 24.4K | 23.2K | |
Net Tangible Assets | 41.1M | 35.3M | 32.6M | 43.6M | 50.1M | 52.6M | |
Common Stock | 137.6M | 156.1M | 167.5M | 176.4M | 202.9M | 119.0M | |
Property Plant Equipment | 40.1M | 41.4M | 35.0M | 41.2M | 47.4M | 24.5M | |
Net Invested Capital | 36.0M | 44.0M | 53.4M | 54.5M | 62.7M | 47.5M | |
Net Working Capital | (4.7M) | 3.7M | 4.9M | 5.0M | 5.8M | 6.1M | |
Capital Stock | 137.6M | 156.1M | 167.5M | 176.4M | 202.9M | 165.0M |
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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.