| ZNX Stock | | | CAD 0.08 0.00 0.00% |
ZincX Resources financial indicator trend analysis is more than just analyzing ZincX Resources Corp current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether ZincX Resources Corp is a good investment. Please check the relationship between ZincX Resources Capital Lease Obligations and its Net Receivables accounts. Check out
Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in ZincX Resources 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.
Capital Lease Obligations vs Net Receivables
Capital Lease Obligations vs Net Receivables Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
ZincX Resources Corp Capital Lease Obligations account and
Net Receivables. At this time, the significance of the direction appears to have weak relationship.
The correlation between ZincX Resources' Capital Lease Obligations and Net Receivables is 0.33. Overlapping area represents the amount of variation of Capital Lease Obligations that can explain the historical movement of Net Receivables in the same time period over historical financial statements of ZincX Resources Corp, assuming nothing else is changed. The correlation between historical values of ZincX Resources' Capital Lease Obligations and Net Receivables is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Capital Lease Obligations of ZincX Resources Corp are associated (or correlated) with its Net Receivables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Receivables has no effect on the direction of Capital Lease Obligations i.e., ZincX Resources' Capital Lease Obligations and Net Receivables go up and down completely randomly.
Correlation Coefficient | 0.33 |
| Relationship Direction | Positive |
| Relationship Strength | Very Weak |
Capital Lease Obligations
ZincX Resources Corp capital lease obligations are the amount due for long-term lease agreements that are nearly equivalent to ZincX Resources asset purchases. For example, ZincX Resources can use a capital lease to finance the purchase of an asset without ever buying it. A capital lease gives companies such as ZincX Resources control over an asset for a big portion of its life. The total obligations of a company under capital leases, which are lease agreements that transfer substantially all risks and rewards of ownership to the lessee.
Net Receivables
Most indicators from ZincX Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into ZincX Resources 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 ZincX Resources 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.
Tax Provision is likely to drop to about (24.1
K) in 2024.
Selling General Administrative is likely to drop to about 415.2
K in 2024
ZincX Resources fundamental ratios Correlations
Click cells to compare fundamentals
ZincX Resources Account Relationship Matchups
High Positive Relationship
High Negative Relationship
ZincX Resources fundamental ratios Accounts
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Additional Tools for ZincX Stock Analysis
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