Entree Pb Ratio vs Book Value Per Share Analysis
ETG Stock | CAD 1.52 0.02 1.33% |
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 Pb Ratio and its Book Value Per Share 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 closely tied with the direction of predictive economic indicators such as signals in board of governors.
Pb Ratio vs Book Value Per Share
Pb Ratio vs Book Value Per Share Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Entree Resources Pb Ratio account and Book Value Per Share. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Entree Resources' Pb Ratio and Book Value Per Share is 0.84. Overlapping area represents the amount of variation of Pb Ratio that can explain the historical movement of Book Value Per Share 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' Pb Ratio and Book Value Per Share is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Pb Ratio of Entree Resources are associated (or correlated) with its Book Value Per Share. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Book Value Per Share has no effect on the direction of Pb Ratio i.e., Entree Resources' Pb Ratio and Book Value Per Share go up and down completely randomly.
Correlation Coefficient | 0.84 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Pb Ratio
Book Value Per Share
The ratio of equity available to common shareholders divided by the number of outstanding shares. This measure represents the value per share of a company according to its financial statements.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 closely tied 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 12th of June 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
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Entree Resources Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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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Balance Sheet is a snapshot of the financial position of Entree Resources at a specified time, usually calculated after every quarter, six months, or one year. Entree Resources Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Entree Resources and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Entree currently owns. An asset can also be divided into two categories, current and non-current.