Denison Operating Income vs Interest Expense Analysis

DNN Stock  USD 1.95  0.01  0.52%   
Denison Mines financial indicator trend analysis is much more than just examining Denison Mines Corp latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Denison Mines Corp is a good investment. Please check the relationship between Denison Mines Operating Income and its Interest Expense accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Denison Mines Corp. 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.

Operating Income vs Interest Expense

Operating Income vs Interest Expense Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Denison Mines Corp Operating Income account and Interest Expense. At this time, the significance of the direction appears to have very week relationship.
The correlation between Denison Mines' Operating Income and Interest Expense is 0.29. Overlapping area represents the amount of variation of Operating Income that can explain the historical movement of Interest Expense in the same time period over historical financial statements of Denison Mines Corp, assuming nothing else is changed. The correlation between historical values of Denison Mines' Operating Income 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 Operating Income of Denison Mines Corp 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 Operating Income i.e., Denison Mines' Operating Income and Interest Expense go up and down completely randomly.

Correlation Coefficient

0.29
Relationship DirectionPositive 
Relationship StrengthVery Weak

Operating Income

Operating Income is the amount of profit realized from Denison Mines Corp operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Denison Mines Corp is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.

Interest Expense

The cost incurred by an entity for borrowed funds, including loans, bonds, or lines of credit.
Most indicators from Denison Mines' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Denison Mines Corp 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 Denison Mines Corp. 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 28th of March 2024, Issuance Of Capital Stock is likely to grow to about 46.7 M, while Selling General Administrative is likely to drop about 10.7 M.
 2021 2022 2023 2024 (projected)
Total Operating Expenses30.7M43.2M16.8M22.8M
Cost Of Revenue12.6M11.4M33.9M25.0M

Denison Mines fundamental ratios Correlations

0.120.720.990.52-0.750.230.720.99-0.010.150.73-0.110.710.70.080.160.250.720.740.730.16-0.320.330.810.54
0.120.130.170.13-0.04-0.160.030.11-0.02-0.040.030.5-0.07-0.120.20.030.21-0.10.140.11-0.510.01-0.26-0.06-0.07
0.720.130.650.26-0.490.090.480.740.020.130.53-0.150.80.74-0.210.02-0.110.780.450.470.35-0.460.60.680.25
0.990.170.650.55-0.740.270.710.970.020.160.7-0.030.630.580.170.210.330.60.750.730.12-0.240.210.790.61
0.520.130.260.55-0.190.710.190.580.130.440.20.240.420.220.16-0.230.460.230.960.25-0.01-0.530.010.450.09
-0.75-0.04-0.49-0.74-0.19-0.08-1.0-0.710.230.22-0.970.31-0.63-0.54-0.06-0.27-0.1-0.55-0.38-0.95-0.12-0.03-0.14-0.84-0.72
0.23-0.160.090.270.71-0.080.090.260.230.390.070.290.08-0.030.26-0.020.44-0.020.620.14-0.04-0.06-0.080.330.22
0.720.030.480.710.19-1.00.090.68-0.25-0.230.97-0.320.630.520.050.250.090.530.370.950.120.020.130.840.71
0.990.110.740.970.58-0.710.260.68-0.050.140.7-0.150.760.710.00.050.190.730.790.680.2-0.430.350.820.49
-0.01-0.020.020.020.130.230.23-0.25-0.050.92-0.240.52-0.22-0.110.740.580.73-0.10.07-0.040.070.220.29-0.160.05
0.15-0.040.130.160.440.220.39-0.230.140.92-0.210.420.00.040.580.310.690.050.38-0.050.12-0.110.390.010.01
0.730.030.530.70.2-0.970.070.970.7-0.24-0.21-0.360.690.62-0.010.180.040.620.380.960.08-0.070.230.860.64
-0.110.5-0.15-0.030.240.310.29-0.32-0.150.520.42-0.36-0.51-0.480.710.50.69-0.460.13-0.13-0.330.38-0.45-0.4-0.09
0.71-0.070.80.630.42-0.630.080.630.76-0.220.00.69-0.510.81-0.41-0.28-0.230.820.580.560.41-0.70.580.830.26
0.7-0.120.740.580.22-0.54-0.030.520.71-0.110.040.62-0.480.81-0.33-0.14-0.221.00.410.50.3-0.580.780.620.04
0.080.2-0.210.170.16-0.060.260.050.00.740.58-0.010.71-0.41-0.330.80.94-0.330.110.25-0.150.57-0.26-0.140.33
0.160.030.020.21-0.23-0.27-0.020.250.050.580.310.180.5-0.28-0.140.80.63-0.13-0.160.390.060.7-0.09-0.040.47
0.250.21-0.110.330.46-0.10.440.090.190.730.690.040.69-0.23-0.220.940.63-0.220.410.29-0.110.32-0.210.020.34
0.72-0.10.780.60.23-0.55-0.020.530.73-0.10.050.62-0.460.821.0-0.33-0.13-0.220.430.510.32-0.590.780.640.06
0.740.140.450.750.96-0.380.620.370.790.070.380.380.130.580.410.11-0.160.410.430.410.06-0.550.120.620.23
0.730.110.470.730.25-0.950.140.950.68-0.04-0.050.96-0.130.560.50.250.390.290.510.410.030.090.140.790.7
0.16-0.510.350.12-0.01-0.12-0.040.120.20.070.120.08-0.330.410.3-0.150.06-0.110.320.060.03-0.290.370.180.17
-0.320.01-0.46-0.24-0.53-0.03-0.060.02-0.430.22-0.11-0.070.38-0.7-0.580.570.70.32-0.59-0.550.09-0.29-0.49-0.310.37
0.33-0.260.60.210.01-0.14-0.080.130.350.290.390.23-0.450.580.78-0.26-0.09-0.210.780.120.140.37-0.490.37-0.12
0.81-0.060.680.790.45-0.840.330.840.82-0.160.010.86-0.40.830.62-0.14-0.040.020.640.620.790.18-0.310.370.64
0.54-0.070.250.610.09-0.720.220.710.490.050.010.64-0.090.260.040.330.470.340.060.230.70.170.37-0.120.64
Click cells to compare fundamentals

Denison Mines Account Relationship Matchups

Denison Mines fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets300.0M320.7M510.3M515.8M791.9M421.3M
Other Current Liab2.0M944K8.3M7.9M8.2M7.2M
Total Current Liabilities14.9M11.8M16.4M18.4M17.9M14.4M
Total Stockholder Equity210.1M227.3M396.7M436.0M641.8M328.0M
Property Plant And Equipment Net257.3M256.9M254.5M253.5M254.9M290.8M
Net Debt(7.2M)(24.4M)(63.5M)(50.3M)(130.6M)(124.1M)
Accounts Payable7.9M7.2M3.2M5.4M5.0M7.0M
Cash8.2M25.0M64.0M50.9M131.1M137.6M
Non Current Assets Total283.5M271.3M423.4M448.6M643.4M360.2M
Non Currrent Assets Other14.1M14.1M14.3M13.2M2.1M2.0M
Other Assets14.1M14.1M14.3M13.2M1.00.95
Cash And Short Term Investments8.2M41.6M78.4M58.9M141.5M148.5M
Net Receivables4.0M3.4M3.7M4.1M1.9M1.8M
Common Stock Shares Outstanding590.3M628.4M793.7M828.7M854.0M896.7M
Liabilities And Stockholders Equity300.0M320.7M510.3M515.8M791.9M415.6M
Non Current Liabilities Total74.9M81.6M97.2M61.4M132.2M78.6M
Inventory3.4M3.0M3.5M2.7M3.6M3.4M
Other Current Assets978K1.4M1.3M1.4M1.6M1.0M
Other Stockholder Equity65.9M67.4M67.5M70.3M69.8M66.3M
Total Liab89.8M93.4M113.6M79.8M150.1M93.0M
Property Plant And Equipment Gross257.3M256.9M286.4M289.1M332.4M292.9M
Total Current Assets16.5M49.4M86.9M67.2M148.5M156.0M
Accumulated Other Comprehensive Income1.1M1.8M1.8M1.8M1.8M1.9M
Short Long Term Debt Total1.0M615K508K576K417K396.2K
Retained Earnings(1.2B)(1.2B)(1.2B)(1.2B)(1.1B)(1.0B)
Other Liab74.4M81.2M96.9M61.0M70.2M40.1M
Net Tangible Assets210.1M227.3M396.7M436.0M501.4M526.5M
Long Term Debt28K24K39K125K112.5K106.9K
Common Stock Total Equity1.4B1.3B1.3B1.4B1.6B1.7B
Long Term Investments12.1M293K154.6M181.9M209.2M219.7M
Short Term Debt470K240K179K216K213K376.1K
Common Stock1.3B1.4B1.5B1.5B1.7B960.2M
Property Plant Equipment257.3M256.9M254.5M253.5M291.5M305.6M
Current Deferred Revenue4.6M3.5M4.7M4.9M4.5M4.1M
Long Term Debt Total532K375K329K360K414K434.7K
Capital Surpluse65.4M67.4M67.5M70.3M80.8M71.9M

Pair Trading with Denison Mines

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 Denison Mines 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 Denison Mines will appreciate offsetting losses from the drop in the long position's value.

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Moving against Denison Stock

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The ability to find closely correlated positions to Denison Mines could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Denison Mines 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 Denison Mines - 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 Denison Mines Corp to buy it.
The correlation of Denison Mines 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 Denison Mines moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Denison Mines Corp 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 Denison Mines 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 CorrelationCorrelation Matching
When determining whether Denison Mines Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Denison 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 Denison Mines Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Denison Mines Corp Stock:
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Denison Mines Corp. 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.
You can also try the USA ETFs module to find actively traded Exchange Traded Funds (ETF) in USA.

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When running Denison Mines' price analysis, check to measure Denison 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 Denison Mines is operating at the current time. Most of Denison Mines' value examination focuses on studying past and present price action to predict the probability of Denison Mines' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Denison Mines' price. Additionally, you may evaluate how the addition of Denison Mines to your portfolios can decrease your overall portfolio volatility.
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Is Denison 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 Denison Mines. If investors know Denison 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 Denison Mines listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
0.05
Revenue Per Share
0.002
Quarterly Revenue Growth
(0.09)
Return On Assets
(0.05)
Return On Equity
0.1658
The market value of Denison Mines Corp is measured differently than its book value, which is the value of Denison that is recorded on the company's balance sheet. Investors also form their own opinion of Denison Mines' value that differs from its market value or its book value, called intrinsic value, which is Denison 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 Denison Mines' market value can be influenced by many factors that don't directly affect Denison 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 Denison Mines' value and its price as these two are different measures arrived at by different means. Investors typically determine if Denison Mines is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Denison 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.