Sandstorm Cash And Short Term Investments vs Deferred Long Term Liab Analysis
SSL Stock | CAD 7.47 0.13 1.77% |
Sandstorm Gold financial indicator trend analysis is much more than just breaking down Sandstorm Gold prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Sandstorm Gold is a good investment. Please check the relationship between Sandstorm Gold Cash And Short Term Investments and its Deferred Long Term Liab accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Sandstorm Gold Ltd. 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 And Short Term Investments vs Deferred Long Term Liab
Cash And Short Term Investments vs Deferred Long Term Liab Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Sandstorm Gold Cash And Short Term Investments account and Deferred Long Term Liab. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Sandstorm Gold's Cash And Short Term Investments and Deferred Long Term Liab is -0.32. Overlapping area represents the amount of variation of Cash And Short Term Investments that can explain the historical movement of Deferred Long Term Liab in the same time period over historical financial statements of Sandstorm Gold Ltd, assuming nothing else is changed. The correlation between historical values of Sandstorm Gold's Cash And Short Term Investments and Deferred Long Term Liab 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 And Short Term Investments of Sandstorm Gold Ltd are associated (or correlated) with its Deferred Long Term Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Deferred Long Term Liab has no effect on the direction of Cash And Short Term Investments i.e., Sandstorm Gold's Cash And Short Term Investments and Deferred Long Term Liab go up and down completely randomly.
Correlation Coefficient | -0.32 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Cash And Short Term Investments
Short Term Investments is an account in the current assets section of Sandstorm Gold balance sheet. This account contains Sandstorm Gold investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Sandstorm Gold Ltd fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.Deferred Long Term Liab
Liabilities that are due after more than one year, including deferred tax liabilities and deferred revenue.Most indicators from Sandstorm Gold's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Sandstorm Gold 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 Sandstorm Gold Ltd. 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. At this time, Sandstorm Gold's Tax Provision is very stable compared to the past year. As of the 17th of June 2024, Enterprise Value Over EBITDA is likely to grow to 13.82, while Selling General Administrative is likely to drop about 7.3 M.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 62.3M | 65.6M | 82.6M | 86.8M | Total Revenue | 114.9M | 148.7M | 179.6M | 188.6M |
Sandstorm Gold fundamental ratios Correlations
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Sandstorm Gold Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Sandstorm Gold fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 623.2M | 649.9M | 620.9M | 2.0B | 1.9B | 2.0B | |
Total Current Liabilities | 3.9M | 3.4M | 7.3M | 19.0M | 16.2M | 17.0M | |
Total Stockholder Equity | 570.9M | 638.1M | 592.6M | 1.4B | 1.4B | 1.5B | |
Net Debt | 41.4M | (110.9M) | (13.6M) | 492.5M | 430.0M | 451.5M | |
Retained Earnings | (2.9M) | 11.0M | 35.6M | 98.9M | 122.9M | 129.1M | |
Accounts Payable | 3.9M | 3.4M | 7.3M | 3.8M | 5.7M | 4.1M | |
Cash | 7.0M | 113.8M | 16.2M | 7.0M | 5.0M | 4.8M | |
Cash And Short Term Investments | 17.8M | 115.6M | 21.2M | 10.8M | 12.4M | 11.8M | |
Common Stock Shares Outstanding | 191.0M | 190.2M | 196.9M | 197.8M | 297.7M | 312.5M | |
Liabilities And Stockholders Equity | 623.2M | 649.9M | 620.9M | 2.0B | 2.3B | 2.4B | |
Non Current Liabilities Total | 48.4M | 8.3M | 20.9M | 514.3M | 461.3M | 484.3M | |
Other Stockholder Equity | (83.8M) | (92.5M) | (137.6M) | (27.5M) | (24.7M) | (23.5M) | |
Total Liab | 52.3M | 11.8M | 28.2M | 533.4M | 477.4M | 501.3M | |
Total Current Assets | 28.1M | 124.4M | 33.6M | 32.7M | 53.8M | 49.2M | |
Non Current Assets Total | 595.0M | 525.5M | 587.3M | 1.9B | 1.9B | 2.0B | |
Non Currrent Assets Other | 10.4M | 9.4M | 6.6M | 9.5M | 29.2M | 30.7M | |
Net Receivables | 7.6M | 8.0M | 12.1M | 21.4M | 15.2M | 7.9M | |
Other Current Assets | 2.8M | 737K | 293K | 531K | 4.3M | 4.5M | |
Accumulated Other Comprehensive Income | (83.8M) | (92.5M) | (137.6M) | (2.8M) | (2.6M) | (2.7M) | |
Property Plant And Equipment Net | 395.5M | 359.3M | 473.7M | 1.8B | 1.6B | 1.6B | |
Property Plant And Equipment Gross | 395.5M | 359.3M | 873.7M | 2.2B | 2.1B | 2.2B | |
Other Assets | 6.9M | 8.3M | 5.0M | 7.4M | 6.7M | 6.3M | |
Common Stock Total Equity | 693.9M | 684.7M | 657.6M | 719.7M | 827.7M | 604.0M | |
Common Stock | 657.6M | 719.7M | 694.7M | 1.3B | 1.5B | 1.6B | |
Other Liab | 196K | 5.5M | 18.3M | 14.8M | 17.0M | 17.9M | |
Net Tangible Assets | 570.9M | 638.1M | 592.6M | 1.4B | 1.6B | 1.7B | |
Long Term Investments | 184.8M | 156.8M | 107.0M | 151.3M | 286.4M | 300.7M | |
Property Plant Equipment | 398.7M | 359.3M | 473.7M | 1.8B | 2.0B | 2.2B | |
Long Term Debt Total | 48.4M | 2.9M | 2.6M | 499.5M | 574.5M | 603.2M | |
Cash And Equivalents | 7.0M | 113.8M | 16.2M | 7.0M | 8.1M | 7.7M | |
Short Term Investments | 10.8M | 1.9M | 5.0M | 3.8M | 9.8M | 7.2M | |
Net Invested Capital | 615.9M | 638.1M | 592.6M | 1.9B | 1.9B | 1.1B | |
Net Working Capital | 24.3M | 120.9M | 26.3M | 13.7M | 37.6M | 43.4M | |
Capital Stock | 657.6M | 719.7M | 694.7M | 1.3B | 1.3B | 987.7M |
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When determining whether Sandstorm Gold is a strong investment it is important to analyze Sandstorm Gold's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Sandstorm Gold's future performance. For an informed investment choice regarding Sandstorm Stock, refer to the following important reports:Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Sandstorm Gold Ltd. 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. You can also try the Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.