Skeena Net Working Capital vs Total Stockholder Equity Analysis
SKE Stock | USD 5.11 0.04 0.78% |
Skeena Resources financial indicator trend analysis is much more than just breaking down Skeena Resources prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Skeena Resources is a good investment. Please check the relationship between Skeena Resources Net Working Capital and its Total Stockholder Equity accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Skeena Resources. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in industry. For information on how to trade Skeena Stock refer to our How to Trade Skeena Stock guide.
Net Working Capital vs Total Stockholder Equity
Net Working Capital vs Total Stockholder Equity Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Skeena Resources Net Working Capital account and Total Stockholder Equity. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Skeena Resources' Net Working Capital and Total Stockholder Equity is 0.96. Overlapping area represents the amount of variation of Net Working Capital that can explain the historical movement of Total Stockholder Equity in the same time period over historical financial statements of Skeena Resources, assuming nothing else is changed. The correlation between historical values of Skeena Resources' Net Working Capital and Total Stockholder Equity is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Working Capital of Skeena Resources are associated (or correlated) with its Total Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Stockholder Equity has no effect on the direction of Net Working Capital i.e., Skeena Resources' Net Working Capital and Total Stockholder Equity go up and down completely randomly.
Correlation Coefficient | 0.96 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Net Working Capital
Total Stockholder Equity
The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.Most indicators from Skeena Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Skeena 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 Skeena Resources. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in industry. For information on how to trade Skeena Stock refer to our How to Trade Skeena Stock guide.The current year's Enterprise Value is expected to grow to about 510.5 M, whereas Selling General Administrative is forecasted to decline to about 5.5 M.
2021 | 2022 | 2023 | 2024 (projected) | Other Operating Expenses | 130.6M | 113.0M | 115.7M | 121.5M | Depreciation And Amortization | 2.0M | 1.9M | 2.4M | 2.5M |
Skeena Resources fundamental ratios Correlations
Click cells to compare fundamentals
Skeena Resources Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Skeena Resources fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 24.4M | 137.8M | 155.0M | 168.0M | 195.0M | 204.7M | |
Other Current Liab | 8.1M | 21.1M | 25.0M | 20.3M | 3.6M | 5.6M | |
Total Current Liabilities | 8.4M | 22.4M | 25.4M | 20.9M | 25.2M | 26.5M | |
Total Stockholder Equity | 11.6M | 109.0M | 123.5M | 137.2M | 124.5M | 130.8M | |
Property Plant And Equipment Net | 3.8M | 90.5M | 94.3M | 115.7M | 33.0M | 21.1M | |
Net Debt | (11.7M) | (35.2M) | (39.0M) | (37.0M) | (58.8M) | (55.8M) | |
Retained Earnings | (101.2M) | (161.5M) | (279.0M) | (367.9M) | (476.9M) | (453.1M) | |
Accounts Payable | 3.6M | 19.4M | 12.5M | 14.0M | 20.6M | 21.6M | |
Cash | 13.1M | 37.8M | 40.3M | 40.6M | 91.1M | 95.7M | |
Non Current Assets Total | 5.4M | 96.1M | 100.8M | 117.9M | 97.5M | 102.4M | |
Non Currrent Assets Other | 1.4M | 2.7M | 2.2M | 2.2M | 64.5M | 67.7M | |
Cash And Short Term Investments | 13.1M | 37.8M | 41.2M | 43.1M | 92.7M | 97.3M | |
Net Receivables | 2.2M | 2.8M | 7.3M | 5.7M | 3.2M | 3.4M | |
Common Stock Shares Outstanding | 27.0M | 42.3M | 59.8M | 70.3M | 84.4M | 88.6M | |
Liabilities And Stockholders Equity | 24.4M | 137.8M | 155.0M | 168.0M | 195.0M | 204.7M | |
Other Stockholder Equity | 13.6M | 29.1M | 40.6M | 33.8M | 38.9M | 40.8M | |
Total Liab | 12.8M | 28.9M | 31.4M | 30.8M | 70.5M | 74.0M | |
Total Current Assets | 19.0M | 41.7M | 54.2M | 50.1M | 97.5M | 102.4M | |
Other Current Assets | 3.1M | 1.1M | 5.8M | 1.3M | 1.6M | 1.7M | |
Accumulated Other Comprehensive Income | 13.6M | 29.1M | 40.6M | 7.3M | 49.0M | 51.5M | |
Non Current Liabilities Total | 4.4M | 6.5M | 6.0M | 9.9M | 45.2M | 47.5M | |
Common Stock | 99.2M | 241.3M | 362.0M | 464.0M | 552.4M | 580.0M | |
Property Plant Equipment | 3.8M | 90.5M | 94.3M | 115.7M | 133.0M | 139.7M | |
Other Liab | 3.3M | 5.2M | 5.2M | 6.9M | 7.9M | 4.5M | |
Net Tangible Assets | 11.6M | 109.0M | 123.5M | 137.2M | 157.8M | 165.7M | |
Net Invested Capital | 11.6M | 109.0M | 123.5M | 137.2M | 157.8M | 165.7M | |
Net Working Capital | 10.6M | 19.3M | 28.8M | 29.2M | 33.6M | 35.3M | |
Capital Stock | 99.2M | 241.3M | 362.0M | 464.0M | 533.6M | 274.6M |
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Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Skeena Resources. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in industry. For information on how to trade Skeena Stock refer to our How to Trade Skeena Stock guide.You can also try the Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.
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Is Skeena Resources' 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 Skeena Resources. If investors know Skeena 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 Skeena Resources listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.94) | Return On Assets (0.40) | Return On Equity (0.83) |
The market value of Skeena Resources is measured differently than its book value, which is the value of Skeena that is recorded on the company's balance sheet. Investors also form their own opinion of Skeena Resources' value that differs from its market value or its book value, called intrinsic value, which is Skeena Resources' 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 Skeena Resources' market value can be influenced by many factors that don't directly affect Skeena Resources' 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 Skeena Resources' value and its price as these two are different measures arrived at by different means. Investors typically determine if Skeena Resources is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Skeena Resources' 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.