First Change To Operating Activities vs Net Income Analysis

FF Stock

CAD 0.17 0.01 5.56%

First Mining financial indicator trend analysis is much more than just examining First Mining Gold latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether First Mining Gold is a good investment. Please check the relationship between First Mining Change To Operating Activities and its Net Income accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in First Mining Gold. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

Change To Operating Activities vs Net Income

Change To Operating Activities vs Net Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of First Mining Gold Change To Operating Activities account and Net Income. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between First Mining's Change To Operating Activities and Net Income is -0.46. Overlapping area represents the amount of variation of Change To Operating Activities that can explain the historical movement of Net Income in the same time period over historical financial statements of First Mining Gold, assuming nothing else is changed. The correlation between historical values of First Mining's Change To Operating Activities and Net Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Change To Operating Activities of First Mining Gold are associated (or correlated) with its Net Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income has no effect on the direction of Change To Operating Activities i.e., First Mining's Change To Operating Activities and Net Income go up and down completely randomly.

Correlation Coefficient

-0.46

Relationship Direction	Negative
Relationship Strength	Very Weak

View All Relationships

Change To Operating Activities

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in First Mining Gold financial statement analysis. It represents the amount of money remaining after all of First Mining Gold operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Most indicators from First Mining's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into First Mining 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in First Mining Gold. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

As of the 29th of July 2025, Selling General Administrative is likely to drop to about 3.8 M. In addition to that, Tax Provision is likely to grow to about (1.9 M)

	2024	2025 (projected)
Non Recurring	83.9K	74.5K
Research Development	1.6M	1.7M

Non Recurring Research Development

First Mining fundamental ratios Correlations

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Net Debt	Retained Earnings	Accounts Payable	Cash	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Other Current Liab	Property Plant And Equipment Net	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Common Stock Total Equity	Inventory	Common Stock	Short Long Term Debt Total	Net Tangible Assets	Current Deferred Revenue	Short Long Term Debt
Total Assets		0.54	0.94	-0.71	-0.76	0.55	0.68	0.65	0.58	0.91	0.77	0.35	0.67	0.66	0.43	0.96	0.98	0.79	0.62	0.96	0.62	0.97	0.31	0.98	0.28	0.15
Total Current Liabilities	0.54		0.39	-0.56	-0.64	0.4	0.52	0.63	0.81	0.55	0.36	0.42	0.83	0.64	0.95	0.35	0.48	0.86	0.84	0.51	0.28	0.53	-0.05	0.43	0.85	0.11
Total Stockholder Equity	0.94	0.39		-0.7	-0.62	0.33	0.69	0.66	0.57	0.75	0.76	0.41	0.46	0.66	0.35	0.97	0.98	0.73	0.56	0.97	0.65	0.95	0.42	0.99	0.26	0.09
Net Debt	-0.71	-0.56	-0.7		0.56	-0.23	-0.99	-0.98	-0.81	-0.56	-0.62	-0.71	-0.53	-0.98	-0.56	-0.58	-0.66	-0.79	-0.53	-0.71	-0.45	-0.7	-0.41	-0.7	-0.49	0.1
Retained Earnings	-0.76	-0.64	-0.62	0.56		-0.58	-0.51	-0.51	-0.41	-0.86	-0.67	-0.4	-0.91	-0.51	-0.54	-0.66	-0.74	-0.71	-0.5	-0.78	-0.42	-0.83	0.15	-0.65	-0.24	-0.02
Accounts Payable	0.55	0.4	0.33	-0.23	-0.58		0.16	0.18	0.13	0.76	0.36	-0.14	0.69	0.18	0.11	0.46	0.47	0.36	0.27	0.46	0.25	0.51	0.01	0.44	-0.07	0.46
Cash	0.68	0.52	0.69	-0.99	-0.51	0.16		0.98	0.82	0.49	0.61	0.73	0.47	0.98	0.54	0.56	0.63	0.77	0.52	0.69	0.45	0.67	0.47	0.68	0.49	-0.08
Cash And Short Term Investments	0.65	0.63	0.66	-0.98	-0.51	0.18	0.98		0.86	0.48	0.54	0.73	0.51	1.0	0.65	0.51	0.6	0.84	0.57	0.67	0.43	0.64	0.4	0.65	0.62	-0.08
Net Receivables	0.58	0.81	0.57	-0.81	-0.41	0.13	0.82	0.86		0.39	0.46	0.59	0.54	0.87	0.84	0.45	0.54	0.83	0.83	0.57	0.39	0.55	0.44	0.56	0.84	0.07
Common Stock Shares Outstanding	0.91	0.55	0.75	-0.56	-0.86	0.76	0.49	0.48	0.39		0.69	0.17	0.82	0.48	0.36	0.84	0.87	0.68	0.51	0.85	0.48	0.9	0.0	0.83	0.14	0.09
Other Current Assets	0.77	0.36	0.76	-0.62	-0.67	0.36	0.61	0.54	0.46	0.69		0.48	0.53	0.55	0.3	0.76	0.78	0.6	0.47	0.79	0.37	0.8	0.3	0.77	0.13	0.06
Other Stockholder Equity	0.35	0.42	0.41	-0.71	-0.4	-0.14	0.73	0.73	0.59	0.17	0.48		0.3	0.73	0.52	0.26	0.35	0.63	0.42	0.44	0.38	0.4	0.24	0.37	0.48	-0.02
Total Liab	0.67	0.83	0.46	-0.53	-0.91	0.69	0.47	0.51	0.54	0.82	0.53	0.3		0.52	0.69	0.5	0.6	0.74	0.64	0.64	0.31	0.69	-0.18	0.52	0.43	0.09
Total Current Assets	0.66	0.64	0.66	-0.98	-0.51	0.18	0.98	1.0	0.87	0.48	0.55	0.73	0.52		0.66	0.52	0.61	0.84	0.59	0.68	0.43	0.65	0.4	0.65	0.63	-0.07
Other Current Liab	0.43	0.95	0.35	-0.56	-0.54	0.11	0.54	0.65	0.84	0.36	0.3	0.52	0.69	0.66		0.25	0.39	0.83	0.82	0.44	0.25	0.44	-0.05	0.35	0.94	-0.03
Property Plant And Equipment Net	0.96	0.35	0.97	-0.58	-0.66	0.46	0.56	0.51	0.45	0.84	0.76	0.26	0.5	0.52	0.25		0.99	0.65	0.52	0.95	0.64	0.96	0.36	0.98	0.12	0.15
Non Current Assets Total	0.98	0.48	0.98	-0.66	-0.74	0.47	0.63	0.6	0.54	0.87	0.78	0.35	0.6	0.61	0.39	0.99		0.75	0.6	0.98	0.64	0.99	0.32	0.99	0.24	0.13
Non Currrent Assets Other	0.79	0.86	0.73	-0.79	-0.71	0.36	0.77	0.84	0.83	0.68	0.6	0.63	0.74	0.84	0.83	0.65	0.75		0.78	0.8	0.5	0.79	0.14	0.75	0.75	0.04
Other Assets	0.62	0.84	0.56	-0.53	-0.5	0.27	0.52	0.57	0.83	0.51	0.47	0.42	0.64	0.59	0.82	0.52	0.6	0.78		0.6	0.4	0.6	0.24	0.57	0.77	0.21
Common Stock Total Equity	0.96	0.51	0.97	-0.71	-0.78	0.46	0.69	0.67	0.57	0.85	0.79	0.44	0.64	0.68	0.44	0.95	0.98	0.8	0.6		0.63	0.99	0.27	0.97	0.28	0.07
Inventory	0.62	0.28	0.65	-0.45	-0.42	0.25	0.45	0.43	0.39	0.48	0.37	0.38	0.31	0.43	0.25	0.64	0.64	0.5	0.4	0.63		0.62	0.39	0.65	0.18	0.38
Common Stock	0.97	0.53	0.95	-0.7	-0.83	0.51	0.67	0.64	0.55	0.9	0.8	0.4	0.69	0.65	0.44	0.96	0.99	0.79	0.6	0.99	0.62		0.23	0.96	0.25	0.08
Short Long Term Debt Total	0.31	-0.05	0.42	-0.41	0.15	0.01	0.47	0.4	0.44	0.0	0.3	0.24	-0.18	0.4	-0.05	0.36	0.32	0.14	0.24	0.27	0.39	0.23		0.4	0.07	0.51
Net Tangible Assets	0.98	0.43	0.99	-0.7	-0.65	0.44	0.68	0.65	0.56	0.83	0.77	0.37	0.52	0.65	0.35	0.98	0.99	0.75	0.57	0.97	0.65	0.96	0.4		0.24	0.13
Current Deferred Revenue	0.28	0.85	0.26	-0.49	-0.24	-0.07	0.49	0.62	0.84	0.14	0.13	0.48	0.43	0.63	0.94	0.12	0.24	0.75	0.77	0.28	0.18	0.25	0.07	0.24		-0.02
Short Long Term Debt	0.15	0.11	0.09	0.1	-0.02	0.46	-0.08	-0.08	0.07	0.09	0.06	-0.02	0.09	-0.07	-0.03	0.15	0.13	0.04	0.21	0.07	0.38	0.08	0.51	0.13	-0.02

Click cells to compare fundamentals

First Mining Account Relationship Matchups

First Mining fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	301.2M	260.3M	266.9M	286.1M	294.9M	309.6M
Total Current Liabilities	40.8M	10.0M	9.2M	11.2M	14.3M	15.0M
Total Stockholder Equity	243.6M	223.9M	227.7M	238.4M	244.4M	128.4M
Net Debt	(28.3M)	(29.1M)	(13.2M)	(12.0M)	(10.8M)	(11.4M)
Retained Earnings	(116.9M)	(142.3M)	(158.5M)	(165.6M)	(123.8M)	(117.6M)
Accounts Payable	837K	2.4M	750K	1.8M	4.7M	5.0M
Cash	28.9M	29.5M	13.6M	12.2M	8.9M	8.5M
Cash And Short Term Investments	47.3M	42.9M	13.7M	12.5M	13.7M	11.4M
Net Receivables	2.3M	604K	499K	500K	575K	382.2K
Common Stock Shares Outstanding	644.9M	698.7M	738.2M	827.0M	1.1B	1.1B
Liabilities And Stockholders Equity	301.2M	260.3M	266.9M	286.1M	294.9M	309.6M
Other Current Assets	354K	405K	619K	375K	431.3K	317.8K
Other Stockholder Equity	44.6M	47.3M	49.6M	1.0	(5.4M)	(5.1M)
Total Liab	57.7M	36.4M	39.3M	47.7M	50.4M	52.9M
Total Current Assets	50.0M	43.9M	14.9M	13.3M	15.1M	12.0M
Other Current Liab	39.9M	7.4M	8.4M	9.2M	5.4M	4.7M
Property Plant And Equipment Net	180.0M	171.1M	222.5M	246.3M	258.0M	181.9M
Non Current Assets Total	251.2M	216.4M	252.1M	272.7M	279.8M	200.0M
Non Currrent Assets Other	650K	399K	270K	181K	284K	225.5K
Common Stock	317.2M	318.5M	341.0M	354.9M	373.6M	245.9M
Short Long Term Debt Total	554K	442K	315K	172K	154.8K	147.1K
Net Tangible Assets	262.3M	243.6M	223.9M	227.7M	261.8M	204.4M
Accumulated Other Comprehensive Income	(1.4M)	410K	(4.3M)	49.1M	56.4M	59.2M
Short Term Debt	94K	112K	127K	143K	158K	0.0
Property Plant Equipment	186.7M	177.5M	222.5M	246.3M	258.0M	200.6M
Long Term Investments	70.5M	44.9M	29.3M	26.2M	21.5M	21.1M
Short Term Investments	18.4M	13.4M	184K	263K	2.4M	2.3M
Property Plant And Equipment Gross	244.8M	254.1M	180.0M	269.9M	310.4M	239.1M
Long Term Debt Total	442K	315K	172K	14K	175K	335.9K
Non Current Liabilities Total	16.8M	26.4M	30.0M	36.5M	36.1M	18.5M
Cash And Equivalents	28.9M	29.5M	13.6M	12.2M	2.4M	2.3M
Net Invested Capital	243.6M	223.9M	227.7M	238.4M	244.4M	196.2M
Net Working Capital	9.2M	34.0M	5.6M	2.2M	744K	706.8K
Capital Stock	317.2M	318.5M	341.0M	354.9M	373.6M	355.6M
Capital Lease Obligations	554K	442K	315K	172K	221K	313.6K

Pair Trading with First Mining

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 First Mining 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 First Mining will appreciate offsetting losses from the drop in the long position's value.

Moving together with First Stock

0.77

First Majestic Silver

Pair Corr

Moving against First Stock

0.41	FDR	Flinders Resources	Pair Corr
0.33	IGM	IGM Financial	Pair Corr

The ability to find closely correlated positions to First Mining could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace First Mining 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 First Mining - 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 First Mining Gold to buy it.

The correlation of First Mining 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 First Mining moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if First Mining Gold 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 First Mining 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 Correlation Correlation Matching

Other Information on Investing in First Stock

Balance Sheet is a snapshot of the financial position of First Mining Gold at a specified time, usually calculated after every quarter, six months, or one year. First Mining Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of First Mining and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which First currently owns. An asset can also be divided into two categories, current and non-current.

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First Change To Operating Activities vs Net Income Analysis

Change To Operating Activities vs Net Income

Change To Operating Activities vs Net Income Correlation Analysis

Correlation Coefficient

Change To Operating Activities

Net Income

First Mining fundamental ratios Correlations

First Mining Account Relationship Matchups

High Positive Relationship

High Negative Relationship

First Mining fundamental ratios Accounts

Pair Trading with First Mining

Moving together with First Stock

Moving against First Stock

Other Information on Investing in First Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Current Assets	+ 1.0	Cash And Short Term Investments
Net Tangible Assets	+ 0.99	Total Stockholder Equity
Non Current Assets Total	+ 0.99	Property Plant And Equipment Net
Common Stock	+ 0.99	Non Current Assets Total
Net Tangible Assets	+ 0.99	Non Current Assets Total
Common Stock	+ 0.99	Common Stock Total Equity

Cash	- 0.99	Net Debt
Total Current Assets	- 0.98	Net Debt
Cash And Short Term Investments	- 0.98	Net Debt
Total Liab	- 0.91	Retained Earnings
Common Stock Shares Outstanding	- 0.86	Retained Earnings
Common Stock	- 0.83	Retained Earnings