| XIM Stock | | | CAD 0.09 0.01 6.25% |
Ximen Mining financial indicator trend analysis is more than just analyzing Ximen Mining Corp current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Ximen Mining Corp is a good investment. Please check the relationship between Ximen Mining Accounts Payable and its Long Term Investments accounts. Check out
Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Ximen Mining 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 board of governors.
Accounts Payable vs Long Term Investments
Accounts Payable vs Long Term Investments Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Ximen Mining Corp Accounts Payable account and
Long Term Investments. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Ximen Mining's Accounts Payable and Long Term Investments is -0.23. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Long Term Investments in the same time period over historical financial statements of Ximen Mining Corp, assuming nothing else is changed. The correlation between historical values of Ximen Mining's Accounts Payable and Long Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Accounts Payable of Ximen Mining Corp are associated (or correlated) with its Long Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Long Term Investments has no effect on the direction of Accounts Payable i.e., Ximen Mining's Accounts Payable and Long Term Investments go up and down completely randomly.
Correlation Coefficient | -0.23 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Accounts Payable
An accounting item on the balance sheet that represents Ximen Mining obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Ximen Mining Corp are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.
Long Term Investments
Long Term Investments is an item on the asset side of Ximen Mining balance sheet that represents investments Ximen Mining Corp intends to hold for over a year. Ximen Mining Corp long term investments may include different instruments such as stocks, bonds, real estate and cash.
Most indicators from Ximen Mining's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Ximen Mining 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
Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Ximen Mining 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 board of governors.
At this time, Ximen Mining's
Selling General Administrative is fairly stable compared to the past year.
Enterprise Value is likely to climb to about 4.1
M in 2024, whereas
Issuance Of Capital Stock is likely to drop slightly above 911.5
K in 2024.
Ximen Mining fundamental ratios Correlations
Click cells to compare fundamentals
Ximen Mining Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Ximen Mining fundamental ratios Accounts
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