Taseko Total Other Income Expense Net vs Interest Expense Analysis

TGB Stock  USD 2.60  0.13  5.26%   
Taseko Mines financial indicator trend analysis is much more than just breaking down Taseko Mines prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Taseko Mines is a good investment. Please check the relationship between Taseko Mines Total Other Income Expense Net and its Interest Expense accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Taseko 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 price.
For information on how to trade Taseko Stock refer to our How to Trade Taseko Stock guide.

Total Other Income Expense Net vs Interest Expense

Total Other Income Expense Net vs Interest Expense Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Taseko Mines Total Other Income Expense Net account and Interest Expense. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Taseko Mines' Total Other Income Expense Net and Interest Expense is -0.24. Overlapping area represents the amount of variation of Total Other Income Expense Net that can explain the historical movement of Interest Expense in the same time period over historical financial statements of Taseko Mines, assuming nothing else is changed. The correlation between historical values of Taseko Mines' Total Other Income Expense Net and Interest Expense is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Other Income Expense Net of Taseko Mines are associated (or correlated) with its Interest Expense. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Interest Expense has no effect on the direction of Total Other Income Expense Net i.e., Taseko Mines' Total Other Income Expense Net and Interest Expense go up and down completely randomly.

Correlation Coefficient

-0.24
Relationship DirectionNegative 
Relationship StrengthInsignificant

Total Other Income Expense Net

Interest Expense

The cost incurred by an entity for borrowed funds, including loans, bonds, or lines of credit.
Most indicators from Taseko Mines' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Taseko 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 Taseko 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 price.
For information on how to trade Taseko Stock refer to our How to Trade Taseko Stock guide.At present, Taseko Mines' Tax Provision is projected to increase significantly based on the last few years of reporting. The current year's Enterprise Value Over EBITDA is expected to grow to 6.06, whereas Selling General Administrative is forecasted to decline to about 13.8 M.
 2021 2022 2023 2024 (projected)
Total Operating Expenses20.9M15.0M19.4M15.1M
Other Operating Expenses290.4M352.4M398.0M417.9M

Taseko Mines fundamental ratios Correlations

0.910.920.790.480.890.780.570.310.89-0.040.31-0.070.910.0-0.040.910.80.40.59-0.520.290.770.840.68-0.21
0.910.920.90.520.940.780.540.30.960.10.30.090.970.10.050.970.890.440.73-0.260.290.850.810.6-0.2
0.920.920.850.240.950.920.340.160.93-0.210.16-0.210.98-0.12-0.150.980.960.260.72-0.580.250.940.860.71-0.41
0.790.90.850.390.860.750.350.20.87-0.030.210.210.86-0.02-0.090.890.860.370.88-0.240.420.850.610.61-0.31
0.480.520.240.390.30.020.840.560.390.530.570.60.320.450.330.330.140.710.160.340.360.070.20.090.39
0.890.940.950.860.30.940.35-0.010.99-0.15-0.01-0.10.97-0.2-0.230.970.920.130.73-0.490.290.90.840.76-0.26
0.780.780.920.750.020.940.11-0.240.9-0.39-0.24-0.30.89-0.42-0.430.880.89-0.120.68-0.690.250.890.780.82-0.36
0.570.540.340.350.840.350.110.560.420.260.580.30.380.360.260.380.220.630.030.120.270.160.260.050.11
0.310.30.160.20.56-0.01-0.240.560.040.451.00.220.180.750.690.190.130.950.050.270.020.080.16-0.27-0.08
0.890.960.930.870.390.990.90.420.04-0.050.04-0.020.97-0.13-0.170.970.90.180.71-0.390.320.860.830.72-0.18
-0.040.1-0.21-0.030.53-0.15-0.390.260.45-0.050.440.56-0.090.760.77-0.08-0.250.48-0.120.650.13-0.26-0.09-0.260.58
0.310.30.160.210.57-0.01-0.240.581.00.040.440.240.180.730.670.190.130.950.060.290.020.070.16-0.28-0.07
-0.070.09-0.210.210.6-0.1-0.30.30.22-0.020.560.24-0.140.340.25-0.09-0.20.40.250.690.06-0.21-0.37-0.040.43
0.910.970.980.860.320.970.890.380.180.97-0.090.18-0.14-0.03-0.061.00.960.30.74-0.450.220.930.890.67-0.34
0.00.1-0.12-0.020.45-0.2-0.420.360.75-0.130.760.730.34-0.030.98-0.03-0.120.75-0.080.52-0.09-0.14-0.05-0.450.01
-0.040.05-0.15-0.090.33-0.23-0.430.260.69-0.170.770.670.25-0.060.98-0.07-0.150.66-0.140.48-0.14-0.16-0.04-0.470.01
0.910.970.980.890.330.970.880.380.190.97-0.080.19-0.091.0-0.03-0.070.960.310.77-0.430.250.940.870.67-0.34
0.80.890.960.860.140.920.890.220.130.9-0.250.13-0.20.96-0.12-0.150.960.230.8-0.480.170.970.820.64-0.51
0.40.440.260.370.710.13-0.120.630.950.180.480.950.40.30.750.660.310.230.240.30.090.190.19-0.12-0.06
0.590.730.720.880.160.730.680.030.050.71-0.120.060.250.74-0.08-0.140.770.80.24-0.20.060.820.530.61-0.39
-0.52-0.26-0.58-0.240.34-0.49-0.690.120.27-0.390.650.290.69-0.450.520.48-0.43-0.480.3-0.2-0.06-0.52-0.53-0.640.45
0.290.290.250.420.360.290.250.270.020.320.130.020.060.22-0.09-0.140.250.170.090.06-0.060.140.040.20.22
0.770.850.940.850.070.90.890.160.080.86-0.260.07-0.210.93-0.14-0.160.940.970.190.82-0.520.140.780.66-0.53
0.840.810.860.610.20.840.780.260.160.83-0.090.16-0.370.89-0.05-0.040.870.820.190.53-0.530.040.780.54-0.23
0.680.60.710.610.090.760.820.05-0.270.72-0.26-0.28-0.040.67-0.45-0.470.670.64-0.120.61-0.640.20.660.54-0.09
-0.21-0.2-0.41-0.310.39-0.26-0.360.11-0.08-0.180.58-0.070.43-0.340.010.01-0.34-0.51-0.06-0.390.450.22-0.53-0.23-0.09
Click cells to compare fundamentals

Taseko Mines Account Relationship Matchups

Taseko Mines fundamental ratios Accounts

201920202021202220232024 (projected)
Common Stock Shares Outstanding243.9M250.5M287.5M286.2M291.0M305.5M
Total Assets884.0M910.4M1.2B1.3B1.6B1.6B
Short Long Term Debt Total373.5M363.4M533.1M587.5M637.9M669.8M
Total Current Liabilities67.3M78.5M103.5M112.6M141.2M148.2M
Total Stockholder Equity301.7M317.4M358.5M356.4M434.1M257.1M
Property Plant And Equipment Net758.0M742.6M837.8M1.0B1.3B1.4B
Net Debt320.3M278.3M296.3M466.6M541.4M568.5M
Accounts Payable24.2M32.8M30.1M31.7M28.6M23.7M
Cash53.2M85.1M236.8M120.9M96.5M73.4M
Non Current Assets Total770.1M753.2M846.0M1.0B1.3B1.4B
Non Currrent Assets Other4.4M4.1M1.7M1.8M17.6M34.3M
Cash And Short Term Investments53.9M86.9M239.9M123.4M97.8M77.5M
Net Receivables13.8M6.7M9.6M13.2M16.5M17.8M
Liabilities And Stockholders Equity884.0M910.4M1.2B1.3B1.6B1.6B
Non Current Liabilities Total515.0M514.5M721.2M809.6M991.0M1.0B
Other Current Assets2.5M4.8M7.9M11.4M12.2M7.5M
Other Stockholder Equity51.6M53.4M55.4M55.8M54.8M92.9M
Total Liab582.3M593.0M824.7M922.3M1.1B1.2B
Property Plant And Equipment Gross758.0M742.6M1.5B1.7B2.0B2.1B
Total Current Assets113.9M157.2M337.2M240.9M249.5M137.0M
Accumulated Other Comprehensive Income6.8M7.7M6.6M26.8M16.6M13.0M
Other Current Liab22.1M22.5M41.6M50.4M74.6M78.4M
Retained Earnings(193.1M)(216.6M)(180.1M)(206.1M)(123.4M)(129.5M)
Short Term Debt16.5M17.6M18.3M18.4M27.7M14.3M
Inventory43.6M58.8M79.9M92.8M122.9M129.1M
Other Liab158.0M168.7M207.8M241.5M277.7M291.6M
Net Tangible Assets296.3M312.1M353.3M350.8M403.4M423.6M
Other Assets4.4M4.1M1.7M1.8M1.6M1.5M
Long Term Debt336.5M326.5M503.4M566.1M603.3M633.5M
Good Will5.4M5.3M5.2M5.6M5.5M3.0M
Common Stock Total Equity422.1M423.4M436.3M472.9M543.8M313.0M
Short Term Investments730K1.8M3.1M2.6M1.3M1.3M
Long Term Investments5.5M4.0M1.6M1.2M1.4M1.3M
Short Long Term Debt6.6M7.5M6.5M8.5M11.1M16.6M
Common Stock436.3M472.9M476.6M479.9M486.1M337.6M
Property Plant Equipment758.0M742.6M837.8M1.0B1.2B1.2B
Current Deferred Revenue4.6M5.6M13.4M12.1M10.3M5.7M
Long Term Debt Total357.0M345.8M514.8M569.1M654.4M430.2M
Capital Surpluse51.6M53.4M55.4M55.8M64.2M55.2M
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Taseko Mines in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Taseko Mines' short interest history, or implied volatility extrapolated from Taseko Mines options trading.

Currently Active Assets on Macroaxis

When determining whether Taseko Mines offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Taseko Mines' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Taseko Mines Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Taseko Mines Stock:
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Taseko 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 price.
For information on how to trade Taseko Stock refer to our How to Trade Taseko Stock guide.
Note that the Taseko Mines information on this page should be used as a complementary analysis to other Taseko Mines' 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 Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.

Complementary Tools for Taseko Stock analysis

When running Taseko Mines' price analysis, check to measure Taseko Mines' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Taseko Mines is operating at the current time. Most of Taseko Mines' value examination focuses on studying past and present price action to predict the probability of Taseko Mines' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Taseko Mines' price. Additionally, you may evaluate how the addition of Taseko Mines to your portfolios can decrease your overall portfolio volatility.
Pair Correlation
Compare performance and examine fundamental relationship between any two equity instruments
Stock Screener
Find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook.
Balance Of Power
Check stock momentum by analyzing Balance Of Power indicator and other technical ratios
Global Correlations
Find global opportunities by holding instruments from different markets
Price Transformation
Use Price Transformation models to analyze the depth of different equity instruments across global markets
Risk-Return Analysis
View associations between returns expected from investment and the risk you assume
Positions Ratings
Determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance
Idea Optimizer
Use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio
Price Ceiling Movement
Calculate and plot Price Ceiling Movement for different equity instruments
FinTech Suite
Use AI to screen and filter profitable investment opportunities
Portfolio Dashboard
Portfolio dashboard that provides centralized access to all your investments
Sync Your Broker
Sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors.
Cryptocurrency Center
Build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency
Is Taseko Mines' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Taseko Mines. If investors know Taseko will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Taseko Mines listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.14)
Earnings Share
0.2
Revenue Per Share
1.819
Quarterly Revenue Growth
0.528
Return On Assets
0.0528
The market value of Taseko Mines is measured differently than its book value, which is the value of Taseko that is recorded on the company's balance sheet. Investors also form their own opinion of Taseko Mines' value that differs from its market value or its book value, called intrinsic value, which is Taseko Mines' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Taseko Mines' market value can be influenced by many factors that don't directly affect Taseko Mines' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Taseko Mines' value and its price as these two are different measures arrived at by different means. Investors typically determine if Taseko Mines is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Taseko Mines' 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.