Volcanic Average Payables vs Capex To Depreciation Analysis

VG Stock

CAD 0.12 0.02 14.29%

Volcanic Gold financial indicator trend analysis is much more than just breaking down Volcanic Gold Mines prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Volcanic Gold Mines is a good investment. Please check the relationship between Volcanic Gold Average Payables and its Capex To Depreciation accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Volcanic Gold Mines. 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.

Average Payables vs Capex To Depreciation

Average Payables vs Capex To Depreciation Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Volcanic Gold Mines Average Payables account and Capex To Depreciation. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between Volcanic Gold's Average Payables and Capex To Depreciation is -0.15. Overlapping area represents the amount of variation of Average Payables that can explain the historical movement of Capex To Depreciation in the same time period over historical financial statements of Volcanic Gold Mines, assuming nothing else is changed. The correlation between historical values of Volcanic Gold's Average Payables and Capex To Depreciation is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Average Payables of Volcanic Gold Mines are associated (or correlated) with its Capex To Depreciation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capex To Depreciation has no effect on the direction of Average Payables i.e., Volcanic Gold's Average Payables and Capex To Depreciation go up and down completely randomly.

Correlation Coefficient

-0.15

Relationship Direction	Negative
Relationship Strength	Insignificant

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Average Payables

The average amount owed to suppliers and creditors over a specific period, reflecting the company's payment cycle and credit terms with suppliers.

Capex To Depreciation

The ratio of a company's capital expenditures to its depreciation expenses, indicating how much the company is investing in physical assets relative to the aging of existing assets.

Most indicators from Volcanic Gold's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Volcanic Gold Mines 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Volcanic Gold Mines. 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, Volcanic Gold's Selling General Administrative is fairly stable compared to the past year. Sales General And Administrative To Revenue is likely to climb to 76.05 in 2024, whereas Enterprise Value Over EBITDA is likely to drop (4.03) in 2024.

	2021	2022	2023	2024 (projected)
Net Interest Income	29.9K	94.7K	142.1K	76.0K
Reconciled Depreciation	29.5K	44.9K	48.1K	50.5K

Net Interest Income Reconciled Depreciation

Volcanic Gold fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Other Stockholder Equity	Total Liab	Total Current Assets	Property Plant And Equipment Net	Non Currrent Assets Other	Net Tangible Assets	Common Stock	Property Plant Equipment	Other Assets	Other Current Assets	Net Invested Capital	Net Working Capital	Capital Stock	Property Plant And Equipment Gross
Total Assets		0.6	0.25	1.0	-0.96	-0.56	0.68	0.98	0.1	0.92	0.2	0.6	-0.01	0.25	0.98	-0.3	-0.02	0.84	0.67	-0.33	-0.04	0.87	0.92	0.96	0.72	0.48
Other Current Liab	0.6		0.39	0.61	-0.73	-0.95	0.6	0.6	-0.04	0.8	0.03	0.94	-0.14	0.39	0.61	-0.27	-0.13	0.87	0.96	-0.37	-0.64	0.8	0.47	0.62	0.9	0.86
Total Current Liabilities	0.25	0.39		0.24	-0.26	-0.49	0.46	0.25	-0.03	0.26	0.24	0.33	-0.03	1.0	0.25	-0.2	-0.34	0.24	0.37	-0.27	-0.05	0.31	0.05	0.18	0.3	0.28
Total Stockholder Equity	1.0	0.61	0.24		-0.97	-0.56	0.69	0.99	0.06	0.92	0.2	0.6	-0.05	0.23	0.99	-0.32	-0.01	0.84	0.68	-0.35	-0.04	0.88	0.92	0.97	0.73	0.49
Net Debt	-0.96	-0.73	-0.26	-0.97		0.66	-0.71	-0.98	0.09	-0.99	-0.17	-0.72	0.18	-0.26	-0.98	0.38	0.02	-0.92	-0.79	0.42	0.24	-0.94	-0.91	-0.98	-0.84	-0.62
Retained Earnings	-0.56	-0.95	-0.49	-0.56	0.66		-0.74	-0.55	-0.02	-0.72	-0.12	-0.91	0.18	-0.49	-0.55	0.4	0.11	-0.81	-0.96	0.5	0.56	-0.76	-0.33	-0.53	-0.85	-0.83
Accounts Payable	0.68	0.6	0.46	0.69	-0.71	-0.74		0.68	0.02	0.71	0.52	0.71	-0.27	0.47	0.68	-0.57	-0.12	0.7	0.73	-0.65	-0.18	0.8	0.47	0.62	0.75	0.69
Cash	0.98	0.6	0.25	0.99	-0.98	-0.55	0.68		-0.1	0.93	0.15	0.6	-0.17	0.25	1.0	-0.35	-0.02	0.83	0.67	-0.37	-0.02	0.9	0.92	0.98	0.74	0.49
Non Current Assets Total	0.1	-0.04	-0.03	0.06	0.09	-0.02	0.02	-0.1		-0.08	0.23	-0.06	0.81	-0.02	-0.09	0.28	0.01	0.04	0.01	0.24	-0.03	-0.14	-0.04	-0.11	-0.11	-0.06
Cash And Short Term Investments	0.92	0.8	0.26	0.92	-0.99	-0.72	0.71	0.93	-0.08		0.18	0.79	-0.19	0.26	0.93	-0.38	-0.01	0.96	0.85	-0.44	-0.38	0.94	0.87	0.95	0.88	0.69
Net Receivables	0.2	0.03	0.24	0.2	-0.17	-0.12	0.52	0.15	0.23	0.18		0.17	-0.03	0.26	0.16	-0.26	-0.2	0.2	0.15	-0.35	-0.09	0.17	0.15	0.15	0.22	0.21
Common Stock Shares Outstanding	0.6	0.94	0.33	0.6	-0.72	-0.91	0.71	0.6	-0.06	0.79	0.17		-0.25	0.33	0.61	-0.4	-0.01	0.88	0.95	-0.48	-0.61	0.85	0.49	0.63	0.94	0.93
Other Stockholder Equity	-0.01	-0.14	-0.03	-0.05	0.18	0.18	-0.27	-0.17	0.81	-0.19	-0.03	-0.25		-0.03	-0.16	0.74	-0.31	-0.14	-0.22	0.69	0.07	-0.28	-0.03	-0.17	-0.31	-0.28
Total Liab	0.25	0.39	1.0	0.23	-0.26	-0.49	0.47	0.25	-0.02	0.26	0.26	0.33	-0.03		0.25	-0.2	-0.34	0.24	0.37	-0.28	-0.06	0.31	0.05	0.18	0.3	0.28
Total Current Assets	0.98	0.61	0.25	0.99	-0.98	-0.55	0.68	1.0	-0.09	0.93	0.16	0.61	-0.16	0.25		-0.35	-0.02	0.83	0.67	-0.37	-0.02	0.9	0.92	0.98	0.74	0.49
Property Plant And Equipment Net	-0.3	-0.27	-0.2	-0.32	0.38	0.4	-0.57	-0.35	0.28	-0.38	-0.26	-0.4	0.74	-0.2	-0.35		-0.35	-0.38	-0.45	0.98	0.16	-0.45	-0.17	-0.34	-0.43	-0.36
Non Currrent Assets Other	-0.02	-0.13	-0.34	-0.01	0.02	0.11	-0.12	-0.02	0.01	-0.01	-0.2	-0.01	-0.31	-0.34	-0.02	-0.35		0.03	0.02	-0.2	-0.01	0.0	0.0	0.0	-0.01	-0.01
Net Tangible Assets	0.84	0.87	0.24	0.84	-0.92	-0.81	0.7	0.83	0.04	0.96	0.2	0.88	-0.14	0.24	0.83	-0.38	0.03		0.93	-0.45	-0.54	0.9	0.77	0.86	0.94	0.81
Common Stock	0.67	0.96	0.37	0.68	-0.79	-0.96	0.73	0.67	0.01	0.85	0.15	0.95	-0.22	0.37	0.67	-0.45	0.02	0.93		-0.53	-0.63	0.85	0.51	0.68	0.93	0.86
Property Plant Equipment	-0.33	-0.37	-0.27	-0.35	0.42	0.5	-0.65	-0.37	0.24	-0.44	-0.35	-0.48	0.69	-0.28	-0.37	0.98	-0.2	-0.45	-0.53		0.26	-0.5	-0.19	-0.37	-0.5	-0.43
Other Assets	-0.04	-0.64	-0.05	-0.04	0.24	0.56	-0.18	-0.02	-0.03	-0.38	-0.09	-0.61	0.07	-0.06	-0.02	0.16	-0.01	-0.54	-0.63	0.26		-0.29	-0.08	-0.15	-0.5	-0.59
Other Current Assets	0.87	0.8	0.31	0.88	-0.94	-0.76	0.8	0.9	-0.14	0.94	0.17	0.85	-0.28	0.31	0.9	-0.45	0.0	0.9	0.85	-0.5	-0.29		0.79	0.89	0.9	0.78
Net Invested Capital	0.92	0.47	0.05	0.92	-0.91	-0.33	0.47	0.92	-0.04	0.87	0.15	0.49	-0.03	0.05	0.92	-0.17	0.0	0.77	0.51	-0.19	-0.08	0.79		0.96	0.62	0.38
Net Working Capital	0.96	0.62	0.18	0.97	-0.98	-0.53	0.62	0.98	-0.11	0.95	0.15	0.63	-0.17	0.18	0.98	-0.34	0.0	0.86	0.68	-0.37	-0.15	0.89	0.96		0.74	0.49
Capital Stock	0.72	0.9	0.3	0.73	-0.84	-0.85	0.75	0.74	-0.11	0.88	0.22	0.94	-0.31	0.3	0.74	-0.43	-0.01	0.94	0.93	-0.5	-0.5	0.9	0.62	0.74		0.94
Property Plant And Equipment Gross	0.48	0.86	0.28	0.49	-0.62	-0.83	0.69	0.49	-0.06	0.69	0.21	0.93	-0.28	0.28	0.49	-0.36	-0.01	0.81	0.86	-0.43	-0.59	0.78	0.38	0.49	0.94

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Volcanic Gold Account Relationship Matchups

Volcanic Gold fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	232.0K	11.9M	8.6M	5.9M	3.7M	2.9M
Total Current Liabilities	131.0K	216.7K	253.1K	265.4K	234.3K	196.9K
Total Stockholder Equity	277.5K	11.9M	8.5M	5.9M	3.6M	2.7M
Net Debt	(162.7K)	(11.7M)	(8.2M)	(5.6M)	(5.0M)	(4.8M)
Retained Earnings	(14.8M)	(15.9M)	(20.2M)	(22.7M)	(25.0M)	(23.7M)
Accounts Payable	125.9K	189.5K	253.1K	187.7K	215.9K	122.3K
Cash	162.7K	11.7M	8.2M	5.6M	3.2M	2.2M
Non Current Assets Total	62.2K	161.9K	327.9K	302.1K	461.3K	541.9K
Cash And Short Term Investments	162.7K	11.7M	8.2M	5.6M	6.4M	6.8M
Net Receivables	3.9K	15.3K	14.7K	18.5K	19.4K	13.9K
Common Stock Shares Outstanding	8.0M	20.3M	44.7M	45.5M	45.6M	47.8M
Liabilities And Stockholders Equity	232.0K	11.9M	8.6M	5.9M	6.8M	7.2M
Other Stockholder Equity	1.3M	3.1M	3.6M	2.0M	2.3M	4.3M
Total Liab	131.0K	216.7K	253.1K	265.4K	234.3K	200.7K
Total Current Assets	169.8K	11.8M	8.3M	5.6M	3.2M	2.3M
Property Plant And Equipment Net	1.2K	100.9K	266.9K	241.1K	400.3K	570.3K
Accumulated Other Comprehensive Income	1.3M	3.1M	3.6M	2.0M	2.3M	1.4M
Net Tangible Assets	(48.5K)	277.5K	11.9M	8.5M	9.8M	10.3M
Common Stock	13.7M	24.7M	25.1M	26.6M	30.6M	32.1M
Property Plant Equipment	1.2K	100.9K	266.9K	241.1K	217.0K	206.1K
Other Current Assets	3.2K	41.8K	53.8K	28.3K	32.5K	23.7K
Net Invested Capital	277.5K	11.9M	8.5M	5.9M	3.6M	5.3M
Net Working Capital	38.8K	11.6M	8.0M	5.4M	3.0M	4.5M
Capital Stock	13.7M	24.7M	25.1M	26.6M	30.6M	23.8M

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Volcanic Average Payables vs Capex To Depreciation Analysis

Average Payables vs Capex To Depreciation

Average Payables vs Capex To Depreciation Correlation Analysis

Correlation Coefficient

Average Payables

Capex To Depreciation

Volcanic Gold fundamental ratios Correlations

Volcanic Gold Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Volcanic Gold fundamental ratios Accounts

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Total Stockholder Equity	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Current Liabilities
Total Current Assets	+ 1.0	Cash
Cash	+ 0.99	Total Stockholder Equity
Total Current Assets	+ 0.99	Total Stockholder Equity
Cash	+ 0.98	Total Assets

Cash And Short Term Investments	- 0.99	Net Debt
Net Working Capital	- 0.98	Net Debt
Total Current Assets	- 0.98	Net Debt
Cash	- 0.98	Net Debt
Net Debt	- 0.97	Total Stockholder Equity
Common Stock	- 0.96	Retained Earnings