Zonte Total Assets vs Net Tangible Assets Analysis

ZON Stock  CAD 0.09  0.01  5.56%   
Zonte Metals financial indicator trend analysis is more than just analyzing Zonte Metals current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Zonte Metals is a good investment. Please check the relationship between Zonte Metals Total Assets and its Net Tangible Assets accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Zonte Metals. 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 Assets vs Net Tangible Assets

Total Assets vs Net Tangible Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Zonte Metals Total Assets account and Net Tangible Assets. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Zonte Metals' Total Assets and Net Tangible Assets is 0.94. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Net Tangible Assets in the same time period over historical financial statements of Zonte Metals, assuming nothing else is changed. The correlation between historical values of Zonte Metals' Total Assets and Net Tangible Assets 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 Assets of Zonte Metals are associated (or correlated) with its Net Tangible Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Tangible Assets has no effect on the direction of Total Assets i.e., Zonte Metals' Total Assets and Net Tangible Assets go up and down completely randomly.

Correlation Coefficient

0.94
Relationship DirectionPositive 
Relationship StrengthVery Strong

Total Assets

Total assets refers to the total amount of Zonte Metals assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Zonte Metals books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

Net Tangible Assets

The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.
Most indicators from Zonte Metals' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Zonte Metals 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 Zonte Metals. 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.
Issuance Of Capital Stock is likely to climb to about 586.9 K in 2024, whereas Selling General Administrative is likely to drop slightly above 187.4 K in 2024.

Zonte Metals fundamental ratios Correlations

0.230.980.860.94-0.890.630.580.510.84-0.680.61-0.680.990.910.650.120.960.990.910.910.970.140.850.750.78
0.230.080.450.09-0.30.610.660.490.65-0.460.66-0.460.170.050.150.890.050.160.090.130.160.530.07-0.12-0.11
0.980.080.780.95-0.830.560.50.480.73-0.570.54-0.570.970.910.61-0.010.960.990.90.890.960.10.840.760.78
0.860.450.780.72-0.870.590.650.460.95-0.920.66-0.920.880.720.70.360.790.850.730.720.770.160.640.580.6
0.940.090.950.72-0.910.540.420.460.72-0.580.51-0.580.930.980.59-0.080.950.930.920.940.970.060.920.840.82
-0.89-0.3-0.83-0.87-0.91-0.59-0.49-0.39-0.880.83-0.580.83-0.9-0.91-0.71-0.1-0.89-0.86-0.9-0.91-0.89-0.06-0.88-0.8-0.79
0.630.610.560.590.54-0.590.890.780.69-0.480.91-0.480.580.40.670.330.420.580.450.480.510.70.40.10.14
0.580.660.50.650.42-0.490.890.750.68-0.560.98-0.560.520.270.480.480.320.520.30.330.440.840.2-0.05-0.02
0.510.490.480.460.46-0.390.780.750.49-0.40.79-0.40.440.320.420.30.330.510.230.30.450.670.26-0.01-0.03
0.840.650.730.950.72-0.880.690.680.49-0.880.71-0.880.830.710.630.510.750.80.750.750.770.230.690.560.59
-0.68-0.46-0.57-0.92-0.580.83-0.48-0.56-0.4-0.88-0.591.0-0.69-0.6-0.62-0.35-0.63-0.66-0.58-0.58-0.62-0.14-0.53-0.48-0.47
0.610.660.540.660.51-0.580.910.980.790.71-0.59-0.590.560.370.510.440.380.560.370.410.50.820.290.030.05
-0.68-0.46-0.57-0.92-0.580.83-0.48-0.56-0.4-0.881.0-0.59-0.69-0.6-0.62-0.35-0.63-0.66-0.58-0.58-0.62-0.14-0.53-0.48-0.47
0.990.170.970.880.93-0.90.580.520.440.83-0.690.56-0.690.910.690.060.960.990.930.920.950.070.860.780.82
0.910.050.910.720.98-0.910.40.270.320.71-0.60.37-0.60.910.56-0.070.970.90.940.950.97-0.130.950.930.91
0.650.150.610.70.59-0.710.670.480.420.63-0.620.51-0.620.690.56-0.110.590.660.610.580.530.10.520.430.46
0.120.89-0.010.36-0.08-0.10.330.480.30.51-0.350.44-0.350.06-0.07-0.11-0.020.07-0.06-0.040.060.34-0.08-0.18-0.17
0.960.050.960.790.95-0.890.420.320.330.75-0.630.38-0.630.960.970.59-0.020.960.950.940.97-0.130.930.90.91
0.990.160.990.850.93-0.860.580.520.510.8-0.660.56-0.660.990.90.660.070.960.90.90.960.090.850.760.79
0.910.090.90.730.92-0.90.450.30.230.75-0.580.37-0.580.930.940.61-0.060.950.90.990.94-0.10.970.910.94
0.910.130.890.720.94-0.910.480.330.30.75-0.580.41-0.580.920.950.58-0.040.940.90.990.95-0.040.980.890.91
0.970.160.960.770.97-0.890.510.440.450.77-0.620.5-0.620.950.970.530.060.970.960.940.950.050.920.840.84
0.140.530.10.160.06-0.060.70.840.670.23-0.140.82-0.140.07-0.130.10.34-0.130.09-0.1-0.040.05-0.17-0.45-0.43
0.850.070.840.640.92-0.880.40.20.260.69-0.530.29-0.530.860.950.52-0.080.930.850.970.980.92-0.170.930.93
0.75-0.120.760.580.84-0.80.1-0.05-0.010.56-0.480.03-0.480.780.930.43-0.180.90.760.910.890.84-0.450.930.98
0.78-0.110.780.60.82-0.790.14-0.02-0.030.59-0.470.05-0.470.820.910.46-0.170.910.790.940.910.84-0.430.930.98
Click cells to compare fundamentals

Zonte Metals Account Relationship Matchups

Zonte Metals fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets5.1M5.0M5.0M5.5M5.6M3.5M
Total Current Liabilities522.6K44.9K85.5K249.2K148.4K235.6K
Total Stockholder Equity3.5M3.9M3.7M3.8M4.0M2.2M
Net Tangible Assets3.5M3.9M3.7M3.8M4.4M4.6M
Retained Earnings(4.6M)(4.6M)(5.0M)(5.9M)(5.9M)(6.2M)
Accounts Payable128.5K20.7K29.9K96.0K51.6K55.2K
Cash1.9M550.1K177.9K1.1M360.0K342.0K
Net Receivables43.4K214.8K43.1K21.2K24.4K46.8K
Total Liab1.6M1.2M1.3M1.6M1.6M1.3M
Total Current Assets2.1M608.9K216.0K1.1M495.9K795.3K
Common Stock6.5M6.8M6.9M7.5M8.7M5.0M
Property Plant Equipment3.0M4.4M4.8M4.4M5.0M5.3M
Other Stockholder Equity160.2K194.4K34.2K208.9K240.2K145.0K
Other Current Liab12K222.6K338.0K153.2K32.9K31.2K
Non Current Assets Total3.0M4.4M4.8M4.4M5.1M3.5M
Non Current Liabilities Total1.1M1.1M1.2M1.4M1.5M1.2M
Common Stock Shares Outstanding57.2M58.8M59.3M68.6M72.2M64.7M
Net Invested Capital3.5M3.9M3.7M3.8M4.0M3.5M
Net Working Capital1.6M563.9K130.5K882.2K347.5K640.0K
Capital Stock6.5M6.8M6.9M7.5M7.7M7.5M

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Additional Tools for Zonte Stock Analysis

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