ZincX Long Term Debt vs Non Current Assets Total Analysis

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 Long Term Debt and its Non Current Assets Total 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.

Long Term Debt vs Non Current Assets Total

Long Term Debt vs Non Current Assets Total Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of ZincX Resources Corp Long Term Debt account and Non Current Assets Total. At this time, the significance of the direction appears to have pay attention.
The correlation between ZincX Resources' Long Term Debt and Non Current Assets Total is -0.8. Overlapping area represents the amount of variation of Long Term Debt that can explain the historical movement of Non Current Assets Total 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' Long Term Debt and Non Current Assets Total is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Long Term Debt of ZincX Resources Corp are associated (or correlated) with its Non Current Assets Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Assets Total has no effect on the direction of Long Term Debt i.e., ZincX Resources' Long Term Debt and Non Current Assets Total go up and down completely randomly.

Correlation Coefficient

-0.8
Relationship DirectionNegative 
Relationship StrengthSignificant

Long Term Debt

Long-term debt is a debt that ZincX Resources Corp has held for over one year. Long-term debt appears on ZincX Resources Corp balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on ZincX Resources Corp balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.

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.
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
 2021 2022 2023 2024 (projected)
Interest Income13.0K33.7K30.3K48.8K
Net Interest Income8.4K33.7K30.3K45.8K

ZincX Resources fundamental ratios Correlations

1.0-0.57-0.24-0.58-0.89-0.810.010.85-0.780.710.77-0.47-0.49-0.7-0.380.71-0.88-0.360.26-0.49-0.890.47-0.450.68-0.57
1.0-0.59-0.25-0.57-0.89-0.820.020.85-0.780.710.77-0.47-0.49-0.7-0.370.7-0.88-0.350.28-0.49-0.890.47-0.450.67-0.56
-0.57-0.590.540.550.630.93-0.38-0.760.52-0.74-0.670.560.560.670.51-0.560.550.520.050.560.63-0.570.55-0.520.5
-0.24-0.250.540.650.470.520.35-0.550.51-0.72-0.660.770.770.290.77-0.660.370.740.040.770.44-0.840.77-0.660.63
-0.58-0.570.550.650.740.660.25-0.750.73-0.78-0.80.980.980.540.96-0.870.650.960.430.980.71-0.740.98-0.860.85
-0.89-0.890.630.470.740.830.27-0.880.9-0.78-0.840.670.680.750.58-0.790.950.57-0.110.680.94-0.590.65-0.810.8
-0.81-0.820.930.520.660.83-0.21-0.910.74-0.83-0.810.630.640.80.55-0.710.780.55-0.060.640.84-0.620.61-0.670.63
0.010.02-0.380.350.250.27-0.21-0.070.39-0.09-0.210.270.270.020.27-0.270.320.25-0.040.270.21-0.230.27-0.30.33
0.850.85-0.76-0.55-0.75-0.88-0.91-0.07-0.870.940.97-0.71-0.72-0.82-0.630.9-0.89-0.62-0.04-0.72-0.910.78-0.690.84-0.72
-0.78-0.780.520.510.730.90.740.39-0.87-0.73-0.840.660.670.850.56-0.790.940.56-0.070.670.97-0.580.64-0.80.8
0.710.71-0.74-0.72-0.78-0.78-0.83-0.090.94-0.730.98-0.8-0.81-0.63-0.750.95-0.73-0.74-0.15-0.81-0.760.94-0.790.9-0.75
0.770.77-0.67-0.66-0.8-0.84-0.81-0.210.97-0.840.98-0.79-0.8-0.71-0.730.97-0.83-0.72-0.12-0.8-0.850.89-0.780.92-0.79
-0.47-0.470.560.770.980.670.630.27-0.710.66-0.8-0.791.00.460.99-0.860.560.990.441.00.62-0.811.0-0.850.84
-0.49-0.490.560.770.980.680.640.27-0.720.67-0.81-0.81.00.460.99-0.870.570.990.431.00.64-0.821.0-0.850.84
-0.7-0.70.670.290.540.750.80.02-0.820.85-0.63-0.710.460.460.35-0.580.830.360.00.460.88-0.390.43-0.530.56
-0.38-0.370.510.770.960.580.550.27-0.630.56-0.75-0.730.990.990.35-0.820.461.00.50.990.52-0.81.0-0.80.79
0.710.7-0.56-0.66-0.87-0.79-0.71-0.270.9-0.790.950.97-0.86-0.87-0.58-0.82-0.76-0.81-0.25-0.87-0.770.91-0.850.96-0.82
-0.88-0.880.550.370.650.950.780.32-0.890.94-0.73-0.830.560.570.830.46-0.760.45-0.150.570.96-0.520.54-0.710.66
-0.36-0.350.520.740.960.570.550.25-0.620.56-0.74-0.720.990.990.361.0-0.810.450.540.990.51-0.780.99-0.790.79
0.260.280.050.040.43-0.11-0.06-0.04-0.04-0.07-0.15-0.120.440.430.00.5-0.25-0.150.540.43-0.13-0.220.45-0.20.24
-0.49-0.490.560.770.980.680.640.27-0.720.67-0.81-0.81.01.00.460.99-0.870.570.990.430.63-0.821.0-0.850.84
-0.89-0.890.630.440.710.940.840.21-0.910.97-0.76-0.850.620.640.880.52-0.770.960.51-0.130.63-0.550.6-0.770.75
0.470.47-0.57-0.84-0.74-0.59-0.62-0.230.78-0.580.940.89-0.81-0.82-0.39-0.80.91-0.52-0.78-0.22-0.82-0.55-0.810.86-0.7
-0.45-0.450.550.770.980.650.610.27-0.690.64-0.79-0.781.01.00.431.0-0.850.540.990.451.00.6-0.81-0.830.82
0.680.67-0.52-0.66-0.86-0.81-0.67-0.30.84-0.80.90.92-0.85-0.85-0.53-0.80.96-0.71-0.79-0.2-0.85-0.770.86-0.83-0.93
-0.57-0.560.50.630.850.80.630.33-0.720.8-0.75-0.790.840.840.560.79-0.820.660.790.240.840.75-0.70.82-0.93
Click cells to compare fundamentals

ZincX Resources Account Relationship Matchups

ZincX Resources fundamental ratios Accounts

201920202021202220232024 (projected)
Other Current Liab621.8K1.4M2.0M1.4M1.6M1.1M
Total Current Liabilities1.5M2.1M1.5M1.5M1.7M1.2M
Other Liab1.6M1.8M1.8M1.8M1.6M1.4M
Net Tangible Assets76.5M75.7M76.4M75.5M68.0M61.0M
Retained Earnings(41.3M)(42.1M)(42.9M)(94.9M)(85.4M)(81.1M)
Accounts Payable25.0K24.4K10.0K11.5K10.3K9.8K
Net Receivables32.8K8.7K51.4K9.2K8.3K7.9K
Other Stockholder Equity14.9M15.1M15.1M15.1M17.4M15.9M
Total Current Assets2.7M3.2M875.5K1.3M1.2M1.1M
Common Stock101.8M101.9M103.3M103.3M118.8M111.5M
Property Plant Equipment75.0M76.0M76.8M77.6M89.3M81.7M
Total Assets79.0M80.3M78.8M26.1M23.5M22.3M
Total Stockholder Equity75.7M76.4M75.5M24.6M22.1M21.0M
Cash208.9K3.1M804.8K1.3M1.1M1.3M
Non Current Assets Total76.3M77.1M77.9M24.8M22.3M21.2M
Common Stock Shares Outstanding170.3M177.9M177.9M187.9M216.1M190.4M
Non Current Liabilities Total1.8M1.8M1.8M38.1K34.3K32.5K
Total Liab3.4M3.9M3.3M1.5M1.7M3.0M
Net Invested Capital75.7M76.4M75.6M24.6M22.2M21.1M
Net Working Capital1.2M1.1M(589.1K)(158.2K)(142.4K)(135.3K)

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