Solaris Cash Per Share vs Free Cash Flow Per Share Analysis

SLS Stock

3.36 0.17 5.33%

Solaris Resources financial indicator trend analysis is much more than just breaking down Solaris Resources prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Solaris Resources is a good investment. Please check the relationship between Solaris Resources Cash Per Share and its Free Cash Flow Per Share accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Solaris 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.

Cash Per Share vs Free Cash Flow Per Share

Cash Per Share vs Free Cash Flow Per Share Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Solaris Resources Cash Per Share account and Free Cash Flow Per Share. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Solaris Resources' Cash Per Share and Free Cash Flow Per Share is -0.46. Overlapping area represents the amount of variation of Cash Per Share that can explain the historical movement of Free Cash Flow Per Share in the same time period over historical financial statements of Solaris Resources, assuming nothing else is changed. The correlation between historical values of Solaris Resources' Cash Per Share and Free Cash Flow 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 Cash Per Share of Solaris Resources are associated (or correlated) with its Free Cash Flow Per Share. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow Per Share has no effect on the direction of Cash Per Share i.e., Solaris Resources' Cash Per Share and Free Cash Flow Per Share go up and down completely randomly.

Correlation Coefficient

-0.46

Relationship Direction	Negative
Relationship Strength	Very Weak

View All Relationships

Cash Per Share

Free Cash Flow Per Share

The amount of cash a company generates after accounting for capital expenditures, divided by the number of outstanding shares. It represents the cash available for dividends, share buybacks, or debt repayment per share.

Most indicators from Solaris Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Solaris 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Solaris 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.

As of the 16th of November 2024, Issuance Of Capital Stock is likely to grow to about 13.4 M, while Selling General Administrative is likely to drop about 5.2 M.

Solaris Resources fundamental ratios Correlations

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Net Tangible Assets	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Cash And Equivalents	Common Stock	Property Plant Equipment	Other Liab	Non Currrent Assets Other	Other Assets	Non Current Liabilities Total	Net Invested Capital	Capital Stock
Total Assets		0.76	0.9	0.98	0.58	-0.91	-0.57	0.62	1.0	0.37	1.0	0.44	0.65	0.64	0.78	0.61	1.0	0.96	0.73	0.59	0.15	-0.44	-0.81	0.4	0.99	0.72
Total Current Liabilities	0.76		0.61	0.73	0.85	-0.69	-0.71	0.97	0.74	0.44	0.74	0.76	0.73	0.88	0.59	0.58	0.75	0.73	0.81	0.66	0.48	-0.58	-0.79	0.27	0.65	0.8
Total Stockholder Equity	0.9	0.61		0.93	0.37	-0.98	-0.24	0.41	0.91	0.25	0.91	0.13	0.35	0.51	0.61	0.29	0.91	0.98	0.42	0.2	-0.24	-0.33	-0.66	0.08	0.92	0.41
Net Tangible Assets	0.98	0.73	0.93		0.54	-0.93	-0.52	0.57	0.98	0.33	0.98	0.43	0.59	0.54	0.82	0.52	0.98	0.97	0.7	0.51	0.05	-0.45	-0.78	0.3	0.97	0.7
Property Plant And Equipment Net	0.58	0.85	0.37	0.54		-0.37	-0.91	0.88	0.53	0.61	0.53	0.88	0.77	0.68	0.7	0.81	0.54	0.49	0.82	0.78	0.62	-0.48	-0.73	0.6	0.48	0.83
Net Debt	-0.91	-0.69	-0.98	-0.93	-0.37		0.25	-0.5	-0.92	-0.17	-0.92	-0.19	-0.38	-0.58	-0.57	-0.24	-0.92	-0.98	-0.48	-0.24	0.17	0.43	0.66	0.01	-0.89	-0.46
Retained Earnings	-0.57	-0.71	-0.24	-0.52	-0.91	0.25		-0.77	-0.53	-0.57	-0.53	-0.92	-0.86	-0.52	-0.81	-0.93	-0.54	-0.39	-0.92	-0.95	-0.75	0.44	0.69	-0.81	-0.5	-0.94
Accounts Payable	0.62	0.97	0.41	0.57	0.88	-0.5	-0.77		0.59	0.47	0.59	0.85	0.77	0.85	0.53	0.61	0.59	0.55	0.83	0.73	0.65	-0.55	-0.74	0.32	0.48	0.82
Cash	1.0	0.74	0.91	0.98	0.53	-0.92	-0.53	0.59		0.29	1.0	0.4	0.6	0.62	0.77	0.57	1.0	0.97	0.7	0.56	0.09	-0.48	-0.76	0.37	0.99	0.7
Non Current Assets Total	0.37	0.44	0.25	0.33	0.61	-0.17	-0.57	0.47	0.29		0.29	0.52	0.74	0.4	0.43	0.55	0.29	0.26	0.49	0.46	0.56	0.36	-0.8	0.44	0.32	0.49
Cash And Short Term Investments	1.0	0.74	0.91	0.98	0.53	-0.92	-0.53	0.59	1.0	0.29		0.4	0.6	0.62	0.77	0.57	1.0	0.97	0.7	0.56	0.09	-0.48	-0.76	0.37	0.99	0.7
Net Receivables	0.44	0.76	0.13	0.43	0.88	-0.19	-0.92	0.85	0.4	0.52	0.4		0.83	0.51	0.68	0.73	0.41	0.29	0.91	0.87	0.81	-0.45	-0.65	0.55	0.33	0.92
Common Stock Shares Outstanding	0.65	0.73	0.35	0.59	0.77	-0.38	-0.86	0.77	0.6	0.74	0.6	0.83		0.61	0.7	0.78	0.6	0.47	0.89	0.86	0.75	-0.23	-0.83	0.61	0.57	0.88
Other Current Assets	0.64	0.88	0.51	0.54	0.68	-0.58	-0.52	0.85	0.62	0.4	0.62	0.51	0.61		0.27	0.51	0.63	0.61	0.58	0.53	0.45	-0.42	-0.68	0.24	0.54	0.57
Other Stockholder Equity	0.78	0.59	0.61	0.82	0.7	-0.57	-0.81	0.53	0.77	0.43	0.77	0.68	0.7	0.27		0.77	0.77	0.68	0.83	0.73	0.29	-0.44	-0.69	0.66	0.78	0.84
Total Liab	0.61	0.58	0.29	0.52	0.81	-0.24	-0.93	0.61	0.57	0.55	0.57	0.73	0.78	0.51	0.77		0.58	0.41	0.8	0.91	0.64	-0.36	-0.64	0.94	0.58	0.83
Total Current Assets	1.0	0.75	0.91	0.98	0.54	-0.92	-0.54	0.59	1.0	0.29	1.0	0.41	0.6	0.63	0.77	0.58		0.96	0.71	0.56	0.1	-0.49	-0.77	0.37	0.99	0.7
Cash And Equivalents	0.96	0.73	0.98	0.97	0.49	-0.98	-0.39	0.55	0.97	0.26	0.97	0.29	0.47	0.61	0.68	0.41	0.96		0.56	0.36	-0.08	-0.46	-0.72	0.18	0.95	0.56
Common Stock	0.73	0.81	0.42	0.7	0.82	-0.48	-0.92	0.83	0.7	0.49	0.7	0.91	0.89	0.58	0.83	0.8	0.71	0.56		0.93	0.7	-0.5	-0.78	0.61	0.65	1.0
Property Plant Equipment	0.59	0.66	0.2	0.51	0.78	-0.24	-0.95	0.73	0.56	0.46	0.56	0.87	0.86	0.53	0.73	0.91	0.56	0.36	0.93		0.81	-0.43	-0.65	0.81	0.52	0.94
Other Liab	0.15	0.48	-0.24	0.05	0.62	0.17	-0.75	0.65	0.09	0.56	0.09	0.81	0.75	0.45	0.29	0.64	0.1	-0.08	0.7	0.81		-0.06	-0.51	0.56	0.04	0.7
Non Currrent Assets Other	-0.44	-0.58	-0.33	-0.45	-0.48	0.43	0.44	-0.55	-0.48	0.36	-0.48	-0.45	-0.23	-0.42	-0.44	-0.36	-0.49	-0.46	-0.5	-0.43	-0.06		0.07	-0.2	-0.39	-0.51
Other Assets	-0.81	-0.79	-0.66	-0.78	-0.73	0.66	0.69	-0.74	-0.76	-0.8	-0.76	-0.65	-0.83	-0.68	-0.69	-0.64	-0.77	-0.72	-0.78	-0.65	-0.51	0.07		-0.41	-0.75	-0.77
Non Current Liabilities Total	0.4	0.27	0.08	0.3	0.6	0.01	-0.81	0.32	0.37	0.44	0.37	0.55	0.61	0.24	0.66	0.94	0.37	0.18	0.61	0.81	0.56	-0.2	-0.41		0.41	0.65
Net Invested Capital	0.99	0.65	0.92	0.97	0.48	-0.89	-0.5	0.48	0.99	0.32	0.99	0.33	0.57	0.54	0.78	0.58	0.99	0.95	0.65	0.52	0.04	-0.39	-0.75	0.41		0.65
Capital Stock	0.72	0.8	0.41	0.7	0.83	-0.46	-0.94	0.82	0.7	0.49	0.7	0.92	0.88	0.57	0.84	0.83	0.7	0.56	1.0	0.94	0.7	-0.51	-0.77	0.65	0.65

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Solaris Resources Account Relationship Matchups

Solaris Resources fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	32.3M	94.9M	57.7M	38.5M	61.8M	51.5M
Total Current Liabilities	456K	7.3M	12.7M	8.8M	5.4M	5.5M
Total Stockholder Equity	22.5M	78.6M	35.2M	20.3M	17.5M	31.3M
Net Tangible Assets	12.9M	20.7M	78.6M	35.2M	40.5M	35.2M
Property Plant And Equipment Net	20.3M	21.0M	22.7M	23.0M	21.9M	23.5M
Net Debt	(6.0M)	(73.5M)	(33.6M)	(14.5M)	(9.4M)	(9.9M)
Retained Earnings	(21.4M)	(49.1M)	(105.9M)	(164.6M)	(205.6M)	(195.3M)
Accounts Payable	379K	3.2M	10.8M	8.3M	5.3M	4.4M
Cash	6.1M	73.6M	33.9M	14.8M	38.9M	26.3M
Non Current Assets Total	26.2M	21.1M	22.8M	23.3M	22.4M	24.8M
Cash And Short Term Investments	6.1M	73.6M	33.9M	14.8M	38.9M	26.3M
Long Term Debt Total	65K	79K	188K	90K	103.5K	77.4K
Liabilities And Stockholders Equity	32.3M	94.9M	57.7M	38.5M	61.8M	51.5M
Other Current Assets	98K	244K	724K	137K	230K	242K
Other Stockholder Equity	811K	16.5M	0.0	13.9M	15.1M	15.9M
Total Liab	2.0M	8.4M	14.5M	10.3M	36.4M	38.2M
Total Current Assets	6.2M	73.8M	34.9M	15.3M	39.4M	26.7M
Cash And Equivalents	6.1M	73.6M	33.9M	14.8M	17.0M	23.6M
Short Term Debt	32K	56K	136K	145K	88K	71.8K
Common Stock	43.1M	110.2M	119.6M	170.0M	206.4M	111.3M
Property Plant Equipment	20.3M	21.0M	22.7M	23.0M	26.4M	23.4M
Non Currrent Assets Other	5.8M	70K	74K	313K	571K	1.1M
Other Assets	0.0	70K	74K	313K	281.7K	340.8K
Non Current Liabilities Total	1.6M	1.0M	1.9M	1.5M	31.0M	32.6M
Capital Lease Obligations	97K	135K	324K	235K	91K	161.7K
Net Invested Capital	22.5M	78.6M	35.2M	20.3M	46.9M	39.7M
Accumulated Other Comprehensive Income	811K	1.0M	21.6M	1.0M	1.6M	1.5M
Capital Stock	43.1M	110.2M	119.6M	170.0M	206.4M	125.0M
Net Working Capital	5.7M	66.5M	22.2M	6.4M	34.0M	24.8M

Pair Trading with Solaris Resources

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Solaris Resources position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Solaris Resources will appreciate offsetting losses from the drop in the long position's value.

Moving against Solaris Stock

0.31

BOEING CDR

Pair Corr

The ability to find closely correlated positions to Solaris Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Solaris Resources when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Solaris Resources - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Solaris Resources to buy it.

The correlation of Solaris Resources is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Solaris Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Solaris Resources moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Solaris Resources can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

Other Information on Investing in Solaris Stock

Balance Sheet is a snapshot of the financial position of Solaris Resources at a specified time, usually calculated after every quarter, six months, or one year. Solaris Resources Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Solaris 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 Solaris currently owns. An asset can also be divided into two categories, current and non-current.

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Solaris Cash Per Share vs Free Cash Flow Per Share Analysis

Cash Per Share vs Free Cash Flow Per Share

Cash Per Share vs Free Cash Flow Per Share Correlation Analysis

Correlation Coefficient

Cash Per Share

Free Cash Flow Per Share

Solaris Resources fundamental ratios Correlations

Solaris Resources Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Solaris Resources fundamental ratios Accounts

Pair Trading with Solaris Resources

Moving against Solaris Stock

Other Information on Investing in Solaris Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash	+ 1.0	Total Assets
Cash And Short Term Investments	+ 1.0	Total Assets
Total Current Assets	+ 1.0	Total Assets
Cash And Short Term Investments	+ 1.0	Cash
Total Current Assets	+ 1.0	Cash
Total Current Assets	+ 1.0	Cash And Short Term Investments

Cash And Equivalents	- 0.98	Net Debt
Net Debt	- 0.98	Total Stockholder Equity
Property Plant Equipment	- 0.95	Retained Earnings
Capital Stock	- 0.94	Retained Earnings
Total Liab	- 0.93	Retained Earnings
Net Debt	- 0.93	Net Tangible Assets