Sierra Short Term Investments vs Non Currrent Assets Other Analysis

SMT Stock  CAD 0.98  0.05  5.38%   
Sierra Metals financial indicator trend analysis is much more than just breaking down Sierra Metals prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Sierra Metals is a good investment. Please check the relationship between Sierra Metals Short Term Investments and its Non Currrent Assets Other accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Sierra Metals. 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.

Short Term Investments vs Non Currrent Assets Other

Short Term Investments vs Non Currrent Assets Other Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Sierra Metals Short Term Investments account and Non Currrent Assets Other. At this time, the significance of the direction appears to have almost no relationship.
The correlation between Sierra Metals' Short Term Investments and Non Currrent Assets Other is 0.13. Overlapping area represents the amount of variation of Short Term Investments that can explain the historical movement of Non Currrent Assets Other in the same time period over historical financial statements of Sierra Metals, assuming nothing else is changed. The correlation between historical values of Sierra Metals' Short Term Investments and Non Currrent Assets Other is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Short Term Investments of Sierra Metals are associated (or correlated) with its Non Currrent Assets Other. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Currrent Assets Other has no effect on the direction of Short Term Investments i.e., Sierra Metals' Short Term Investments and Non Currrent Assets Other go up and down completely randomly.

Correlation Coefficient

0.13
Relationship DirectionPositive 
Relationship StrengthInsignificant

Short Term Investments

Short Term Investments is an item under the current assets section of Sierra Metals balance sheet. It contains any investments Sierra Metals undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that Sierra Metals can easily liquidate in the marketplace.

Non Currrent Assets Other

Assets that are not physical or tangible, expected to provide value for more than one year, and not easily converted into cash, such as long-term investments or patents.
Most indicators from Sierra Metals' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Sierra 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Sierra Metals. 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.
As of the 24th of May 2024, Selling General Administrative is likely to grow to about 40.1 M, while Tax Provision is likely to drop about 5.6 M.
 2023 2024 (projected)
Cost Of Revenue177.7M139.6M
Research Development1.6M2.5M

Sierra Metals fundamental ratios Correlations

0.20.880.640.24-0.060.070.60.990.610.450.630.310.410.93-0.020.910.330.430.090.65-0.7-0.060.880.620.68
0.2-0.180.190.04-0.940.91-0.340.2-0.350.6-0.490.28-0.40.450.810.180.65-0.44-0.59-0.12-0.50.870.330.620.56
0.88-0.180.620.230.3-0.260.780.870.780.340.810.090.470.65-0.280.81-0.010.590.320.77-0.59-0.360.680.370.55
0.640.190.62-0.21-0.150.20.640.60.630.60.24-0.49-0.340.560.210.650.280.340.060.65-0.71-0.030.510.710.6
0.240.040.23-0.21-0.050.12-0.150.28-0.150.420.550.590.450.230.110.09-0.450.2-0.010.17-0.420.180.50.090.51
-0.06-0.940.3-0.15-0.05-0.90.37-0.080.38-0.60.5-0.190.51-0.33-0.83-0.04-0.490.420.560.260.43-0.9-0.25-0.51-0.52
0.070.91-0.260.20.12-0.9-0.370.07-0.380.66-0.480.14-0.520.320.860.110.51-0.38-0.48-0.04-0.520.780.30.680.55
0.6-0.340.780.64-0.150.37-0.370.531.00.180.66-0.30.120.37-0.270.76-0.140.410.160.71-0.31-0.430.470.230.27
0.990.20.870.60.28-0.080.070.530.530.450.620.350.440.93-0.040.850.320.460.140.59-0.7-0.050.860.580.68
0.61-0.350.780.63-0.150.38-0.381.00.530.170.66-0.30.130.37-0.280.76-0.130.420.170.71-0.3-0.440.460.230.26
0.450.60.340.60.42-0.60.660.180.450.170.15-0.03-0.350.490.640.440.080.05-0.310.43-0.930.570.630.740.95
0.63-0.490.810.240.550.5-0.480.660.620.660.150.230.640.4-0.420.57-0.480.610.350.59-0.33-0.450.60.020.35
0.310.280.09-0.490.59-0.190.14-0.30.35-0.3-0.030.230.690.420.050.170.13-0.05-0.18-0.14-0.050.260.4-0.010.18
0.41-0.40.47-0.340.450.51-0.520.120.440.13-0.350.640.690.29-0.620.25-0.140.350.380.140.1-0.460.28-0.25-0.07
0.930.450.650.560.23-0.330.320.370.930.370.490.40.420.290.190.840.50.25-0.10.46-0.690.170.90.720.68
-0.020.81-0.280.210.11-0.830.86-0.27-0.04-0.280.64-0.420.05-0.620.190.070.29-0.4-0.730.02-0.430.820.220.530.5
0.910.180.810.650.09-0.040.110.760.850.760.440.570.170.250.840.070.30.3-0.080.77-0.63-0.080.850.660.6
0.330.65-0.010.28-0.45-0.490.51-0.140.32-0.130.08-0.480.13-0.140.50.290.3-0.16-0.21-0.01-0.210.250.180.530.13
0.43-0.440.590.340.20.42-0.380.410.460.420.050.61-0.050.350.25-0.40.3-0.160.410.39-0.24-0.530.320.010.17
0.09-0.590.320.06-0.010.56-0.480.160.140.17-0.310.35-0.180.38-0.1-0.73-0.08-0.210.410.070.13-0.67-0.15-0.21-0.21
0.65-0.120.770.650.170.26-0.040.710.590.710.430.59-0.140.140.460.020.77-0.010.390.07-0.6-0.340.570.570.5
-0.7-0.5-0.59-0.71-0.420.43-0.52-0.31-0.7-0.3-0.93-0.33-0.050.1-0.69-0.43-0.63-0.21-0.240.13-0.6-0.33-0.77-0.83-0.97
-0.060.87-0.36-0.030.18-0.90.78-0.43-0.05-0.440.57-0.450.26-0.460.170.82-0.080.25-0.53-0.67-0.34-0.330.180.30.47
0.880.330.680.510.5-0.250.30.470.860.460.630.60.40.280.90.220.850.180.32-0.150.57-0.770.180.670.79
0.620.620.370.710.09-0.510.680.230.580.230.740.02-0.01-0.250.720.530.660.530.01-0.210.57-0.830.30.670.75
0.680.560.550.60.51-0.520.550.270.680.260.950.350.18-0.070.680.50.60.130.17-0.210.5-0.970.470.790.75
Click cells to compare fundamentals

Sierra Metals Account Relationship Matchups

Sierra Metals fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets411.4M439.6M396.8M420.3M314.1M218.9M
Total Current Liabilities54.4M65.2M88.8M210.8M138.5M145.5M
Total Stockholder Equity176.8M201M169.2M97.5M75.3M98.5M
Property Plant And Equipment Net305.1M301.8M289.6M323.8M242.3M156.5M
Net Debt57.1M29.0M48.5M(6.9M)69.4M72.8M
Retained Earnings(65.2M)(41.8M)(74.1M)(218.8M)(180.9M)(171.9M)
Accounts Payable30.4M16.9M28.4M53.0M41.0M43.1M
Cash43.0M71.5M34.9M6.9M9.1M8.7M
Non Current Assets Total307.1M303.5M290.7M323.8M242.3M172.9M
Cash And Short Term Investments43.0M71.5M34.9M6.9M7.9M7.5M
Common Stock Shares Outstanding164.7M164.0M163.3M163.8M207.7M218.1M
Liabilities And Stockholders Equity411.4M439.6M396.8M420.3M483.4M507.5M
Non Current Liabilities Total145.1M134.2M103.4M(53.0M)65.7M57.6M
Other Stockholder Equity11.6M11.8M10.4M(97.5M)(87.7M)(83.3M)
Total Liab199.4M199.4M192.2M263.0M204.3M104.5M
Property Plant And Equipment Gross305.1M301.8M933.0M962.6M1.0B1.1B
Total Current Assets104.3M136.0M106.1M96.5M71.9M51.7M
Other Current Liab24.0M29.4M34.5M157.8M395K375.3K
Non Currrent Assets Other0.0284.9M307.1M(323.8M)(372.4M)(353.8M)
Net Receivables33.4M39.1M42.0M14.3M14.2M16.1M
Accumulated Other Comprehensive Income10.9M11.6M11.8M10.4M12.0M6.8M
Short Term Debt0.018.8M25.8M87.8M101.0M106.0M
Short Long Term Debt Total56.3M100.1M100.5M83.4M96.0M69.1M
Inventory26.1M23.5M26.7M30.4M24.9M16.2M
Common Stock Total Equity230.3M231.8M230.5M231.0M207.9M190.2M
Common Stock230.5M231.0M232.9M316.3M363.7M268.9M
Other Liab45.0M52.5M45.8M34.9M31.4M43.4M
Net Tangible Assets176.8M201M169.2M81.6M73.5M135.1M
Long Term Debt99.8M80.9M55.9M0.025.1M40.3M
Property Plant Equipment305.1M301.8M289.6M239.2M215.3M235.5M
Long Term Debt Total99.8M80.9M55.9M3.7M3.3M3.2M
Cash And Equivalents43.0M71.5M34.9M5.1M4.6M4.3M
Net Invested Capital276.6M281.9M225.2M108.0M153.7M170.8M

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Please note, there is a significant difference between Sierra Metals' value and its price as these two are different measures arrived at by different means. Investors typically determine if Sierra Metals is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Sierra Metals' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.