Entree Invested Capital vs Ptb Ratio Analysis

ETG Stock

CAD 1.49 0.01 0.67%

Entree Resources financial indicator trend analysis is much more than just examining Entree Resources latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Entree Resources is a good investment. Please check the relationship between Entree Resources Invested Capital and its Ptb Ratio accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Entree Resources. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.

Invested Capital vs Ptb Ratio

Invested Capital vs Ptb Ratio Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Entree Resources Invested Capital account and Ptb Ratio. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Entree Resources' Invested Capital and Ptb Ratio is 0.83. Overlapping area represents the amount of variation of Invested Capital that can explain the historical movement of Ptb Ratio in the same time period over historical financial statements of Entree Resources, assuming nothing else is changed. The correlation between historical values of Entree Resources' Invested Capital and Ptb Ratio is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Invested Capital of Entree Resources are associated (or correlated) with its Ptb Ratio. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Ptb Ratio has no effect on the direction of Invested Capital i.e., Entree Resources' Invested Capital and Ptb Ratio go up and down completely randomly.

Correlation Coefficient

0.83

Relationship Direction	Positive
Relationship Strength	Strong

View All Relationships

Invested Capital

Invested capital represents the total cash investment that shareholders and debt holders have contributed to Entree Resources. There are two different methods for calculating Entree Resources invested capital: operating approach and financing approach. Understanding Entree Resources invested capital allows investors to calculate measures of performance such as return on invested capital or return on capital employed.

Ptb Ratio

Price-to-Book ratio, a financial valuation metric used to compare a company's current market price to its book value. It provides insight into the value that market participants place on the company's equity relative to its net asset value.

Most indicators from Entree Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Entree Resources 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Entree Resources. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.

At this time, Entree Resources' Selling General Administrative is very stable compared to the past year. As of the 31st of May 2024, Enterprise Value is likely to grow to about 187.5 M, while Discontinued Operations is likely to drop (212.5 K).

Entree Resources fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Other Assets	Cash And Short Term Investments	Common Stock Shares Outstanding	Short Term Investments	Non Current Liabilities Total	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Net Receivables	Non Currrent Assets Other	Common Stock Total Equity	Common Stock	Short Long Term Debt Total
Total Assets		0.88	0.84	0.9	0.96	-0.86	0.41	0.9	0.82	0.96	0.19	0.84	-0.14	0.55	-0.33	0.89	0.4	-0.31	0.96	0.85	0.75	0.32	0.9	0.25	0.21	-0.39
Other Current Liab	0.88		0.99	0.75	0.81	-0.78	0.27	0.92	0.77	0.81	-0.02	0.81	-0.03	0.67	-0.21	0.86	0.56	-0.18	0.81	0.82	0.65	0.45	0.69	0.31	0.28	-0.28
Total Current Liabilities	0.84	0.99		0.71	0.77	-0.76	0.28	0.9	0.75	0.76	-0.07	0.79	-0.12	0.65	-0.19	0.84	0.55	-0.16	0.77	0.8	0.57	0.44	0.64	0.26	0.23	-0.33
Total Stockholder Equity	0.9	0.75	0.71		0.93	-0.71	0.73	0.83	0.58	0.93	0.21	0.6	-0.45	0.66	-0.72	0.81	0.48	-0.7	0.93	0.62	0.78	0.27	0.83	-0.13	-0.17	-0.69
Property Plant And Equipment Net	0.96	0.81	0.77	0.93		-0.69	0.47	0.87	0.62	1.0	0.25	0.65	-0.21	0.61	-0.47	0.89	0.45	-0.45	1.0	0.67	0.76	0.35	0.92	0.2	0.16	-0.44
Net Debt	-0.86	-0.78	-0.76	-0.71	-0.69		-0.4	-0.78	-0.97	-0.69	-0.05	-0.97	0.15	-0.32	0.18	-0.67	-0.18	0.15	-0.69	-0.97	-0.61	-0.1	-0.71	-0.1	-0.07	0.37
Retained Earnings	0.41	0.27	0.28	0.73	0.47	-0.4		0.4	0.18	0.46	0.08	0.19	-0.87	0.39	-0.9	0.32	0.24	-0.9	0.46	0.2	0.41	-0.08	0.39	-0.76	-0.78	-0.92
Accounts Payable	0.9	0.92	0.9	0.83	0.87	-0.78	0.4		0.73	0.87	-0.12	0.75	-0.15	0.51	-0.34	0.88	0.36	-0.31	0.87	0.76	0.68	0.34	0.84	0.19	0.15	-0.39
Cash	0.82	0.77	0.75	0.58	0.62	-0.97	0.18	0.73		0.62	0.04	0.99	0.05	0.23	0.05	0.63	0.11	0.07	0.62	0.99	0.55	0.13	0.67	0.29	0.27	-0.17
Non Current Assets Total	0.96	0.81	0.76	0.93	1.0	-0.69	0.46	0.87	0.62		0.25	0.65	-0.2	0.6	-0.47	0.89	0.45	-0.45	1.0	0.67	0.76	0.34	0.92	0.2	0.16	-0.44
Other Assets	0.19	-0.02	-0.07	0.21	0.25	-0.05	0.08	-0.12	0.04	0.25		0.03	0.01	0.04	-0.14	-0.04	-0.02	-0.14	0.25	0.03	0.37	-0.33	0.26	0.12	0.1	-0.03
Cash And Short Term Investments	0.84	0.81	0.79	0.6	0.65	-0.97	0.19	0.75	0.99	0.65	0.03		0.03	0.31	0.03	0.67	0.2	0.05	0.65	1.0	0.55	0.2	0.65	0.3	0.27	-0.19
Common Stock Shares Outstanding	-0.14	-0.03	-0.12	-0.45	-0.21	0.15	-0.87	-0.15	0.05	-0.2	0.01	0.03		-0.22	0.71	-0.1	-0.12	0.71	-0.2	0.02	-0.07	0.15	-0.14	0.84	0.84	0.92
Short Term Investments	0.55	0.67	0.65	0.66	0.61	-0.32	0.39	0.51	0.23	0.6	0.04	0.31	-0.22		-0.53	0.67	0.95	-0.52	0.6	0.34	0.45	0.68	0.28	0.02	-0.01	-0.42
Non Current Liabilities Total	-0.33	-0.21	-0.19	-0.72	-0.47	0.18	-0.9	-0.34	0.05	-0.47	-0.14	0.03	0.71	-0.53		-0.32	-0.4	1.0	-0.47	0.0	-0.47	-0.06	-0.35	0.66	0.69	0.82
Other Current Assets	0.89	0.86	0.84	0.81	0.89	-0.67	0.32	0.88	0.63	0.89	-0.04	0.67	-0.1	0.67	-0.32		0.58	-0.29	0.89	0.69	0.57	0.58	0.73	0.28	0.25	-0.33
Other Stockholder Equity	0.4	0.56	0.55	0.48	0.45	-0.18	0.24	0.36	0.11	0.45	-0.02	0.2	-0.12	0.95	-0.4	0.58		-0.39	0.45	0.22	0.25	0.72	0.09	0.08	0.06	-0.28
Total Liab	-0.31	-0.18	-0.16	-0.7	-0.45	0.15	-0.9	-0.31	0.07	-0.45	-0.14	0.05	0.71	-0.52	1.0	-0.29	-0.39		-0.45	0.03	-0.46	-0.04	-0.33	0.67	0.7	0.82
Property Plant And Equipment Gross	0.96	0.81	0.77	0.93	1.0	-0.69	0.46	0.87	0.62	1.0	0.25	0.65	-0.2	0.6	-0.47	0.89	0.45	-0.45		0.67	0.76	0.35	0.92	0.2	0.16	-0.44
Total Current Assets	0.85	0.82	0.8	0.62	0.67	-0.97	0.2	0.76	0.99	0.67	0.03	1.0	0.02	0.34	0.0	0.69	0.22	0.03	0.67		0.57	0.21	0.67	0.29	0.26	-0.2
Short Term Debt	0.75	0.65	0.57	0.78	0.76	-0.61	0.41	0.68	0.55	0.76	0.37	0.55	-0.07	0.45	-0.47	0.57	0.25	-0.46	0.76	0.57		0.25	0.77	0.09	0.04	-0.36
Net Receivables	0.32	0.45	0.44	0.27	0.35	-0.1	-0.08	0.34	0.13	0.34	-0.33	0.2	0.15	0.68	-0.06	0.58	0.72	-0.04	0.35	0.21	0.25		0.07	0.28	0.28	0.02
Non Currrent Assets Other	0.9	0.69	0.64	0.83	0.92	-0.71	0.39	0.84	0.67	0.92	0.26	0.65	-0.14	0.28	-0.35	0.73	0.09	-0.33	0.92	0.67	0.77	0.07		0.22	0.18	-0.36
Common Stock Total Equity	0.25	0.31	0.26	-0.13	0.2	-0.1	-0.76	0.19	0.29	0.2	0.12	0.3	0.84	0.02	0.66	0.28	0.08	0.67	0.2	0.29	0.09	0.28	0.22		1.0	0.73
Common Stock	0.21	0.28	0.23	-0.17	0.16	-0.07	-0.78	0.15	0.27	0.16	0.1	0.27	0.84	-0.01	0.69	0.25	0.06	0.7	0.16	0.26	0.04	0.28	0.18	1.0		0.76
Short Long Term Debt Total	-0.39	-0.28	-0.33	-0.69	-0.44	0.37	-0.92	-0.39	-0.17	-0.44	-0.03	-0.19	0.92	-0.42	0.82	-0.33	-0.28	0.82	-0.44	-0.2	-0.36	0.02	-0.36	0.73	0.76

Click cells to compare fundamentals

Entree Resources Account Relationship Matchups

Entree Resources fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	6.1M	8.0M	7.8M	7.5M	7.2M	6.9M
Other Current Liab	72K	124K	101K	227K	204.3K	194.1K
Total Current Liabilities	175K	232K	200K	327K	313K	618.8K
Total Stockholder Equity	(47.0M)	(50.2M)	(55.1M)	(57.5M)	(64.6M)	(61.4M)
Property Plant And Equipment Net	316K	220K	128K	523K	419K	398.1K
Net Debt	4.0M	2.6M	3.3M	5.3M	6.2M	6.5M
Retained Earnings	(242.1M)	(248.1M)	(255.7M)	(264.7M)	(274.3M)	(260.6M)
Accounts Payable	146K	72K	124K	101K	116.2K	110.3K
Cash	5.4M	7.3M	7.1M	6.4M	6.1M	5.8M
Non Current Assets Total	442K	409K	367K	818K	779K	740.1K
Cash And Short Term Investments	5.4M	7.3M	7.1M	6.4M	7.4M	7.0M
Common Stock Shares Outstanding	174.9M	178.6M	188.7M	197.1M	203.3M	117.7M
Liabilities And Stockholders Equity	6.1M	8.0M	7.8M	7.5M	8.6M	8.2M
Non Current Liabilities Total	52.9M	57.9M	62.7M	64.7M	71.5M	75.1M
Other Stockholder Equity	22.0M	21.7M	21.1M	2.0M	2.3M	2.2M
Total Liab	53.1M	58.2M	62.9M	65.0M	71.8M	75.4M
Property Plant And Equipment Gross	316K	220K	475K	945K	963K	914.9K
Total Current Assets	5.7M	7.6M	7.4M	6.7M	6.4M	6.1M
Short Term Debt	103K	108K	99K	100K	90K	85.5K
Net Receivables	122K	130K	157K	158K	176K	194.2K
Accumulated Other Comprehensive Income	22.0M	21.7M	21.1M	24.5M	28.2M	29.6M
Common Stock Total Equity	139.7M	173.0M	173.1M	176.2M	202.7M	169.7M
Common Stock	173.1M	176.2M	179.5M	182.7M	210.1M	174.2M
Short Long Term Debt Total	9.3M	9.8M	10.4M	11.7M	13.4M	7.1M
Other Liab	38.5M	43.7M	48.2M	52.4M	60.3M	42.6M
Net Tangible Assets	(39.7M)	(47.0M)	(50.2M)	(55.1M)	(49.6M)	(47.1M)
Long Term Debt	9.0M	9.6M	10.3M	11.1M	12.3M	9.5M
Property Plant Equipment	316K	220K	128K	523K	470.7K	447.2K
Long Term Investments	114K	177K	239K	295K	360K	223.7K
Long Term Debt Total	9.0M	9.6M	10.3M	11.1M	12.8M	10.0M
Capital Surpluse	22.4M	23.2M	22.7M	22.5M	25.9M	24.5M
Cash And Equivalents	5.4M	7.3M	7.1M	6.4M	5.8M	6.0M
Net Invested Capital	(37.9M)	(40.6M)	(44.8M)	(46.4M)	(52.3M)	(54.9M)
Net Working Capital	5.5M	7.3M	7.2M	6.3M	6.1M	5.3M

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Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Entree Resources. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.

Note that the Entree Resources information on this page should be used as a complementary analysis to other Entree Resources' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Sync Your Broker module to sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors..

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Entree Invested Capital vs Ptb Ratio Analysis

Invested Capital vs Ptb Ratio

Invested Capital vs Ptb Ratio Correlation Analysis

Correlation Coefficient

Invested Capital

Ptb Ratio

Entree Resources fundamental ratios Correlations

Entree Resources Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Entree Resources fundamental ratios Accounts

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

Complementary Tools for Entree Stock analysis

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Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Property Plant And Equipment Gross	+ 1.0	Property Plant And Equipment Net
Property Plant And Equipment Gross	+ 1.0	Non Current Assets Total
Total Current Assets	+ 1.0	Cash And Short Term Investments
Total Liab	+ 1.0	Non Current Liabilities Total
Common Stock	+ 1.0	Common Stock Total Equity

Total Current Assets	- 0.97	Net Debt
Cash And Short Term Investments	- 0.97	Net Debt
Cash	- 0.97	Net Debt
Short Long Term Debt Total	- 0.92	Retained Earnings
Total Liab	- 0.9	Retained Earnings
Non Current Liabilities Total	- 0.9	Retained Earnings