NioCorp Property Plant And Equipment Net vs Total Stockholder Equity Analysis
| NB Stock | 2.05 0.05 2.50% |
NioCorp Developments financial indicator trend analysis is infinitely more than just investigating NioCorp Developments recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether NioCorp Developments is a good investment. Please check the relationship between NioCorp Developments Property Plant And Equipment Net and its Total Stockholder Equity accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NioCorp Developments 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 bureau of labor statistics.
Property Plant And Equipment Net vs Total Stockholder Equity
Property Plant And Equipment Net vs Total Stockholder Equity Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of NioCorp Developments Property Plant And Equipment Net account and Total Stockholder Equity. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between NioCorp Developments' Property Plant And Equipment Net and Total Stockholder Equity is -0.32. Overlapping area represents the amount of variation of Property Plant And Equipment Net that can explain the historical movement of Total Stockholder Equity in the same time period over historical financial statements of NioCorp Developments Ltd, assuming nothing else is changed. The correlation between historical values of NioCorp Developments' Property Plant And Equipment Net 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 Property Plant And Equipment Net of NioCorp Developments Ltd 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 Property Plant And Equipment Net i.e., NioCorp Developments' Property Plant And Equipment Net and Total Stockholder Equity go up and down completely randomly.
Correlation Coefficient | -0.32 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Property Plant And Equipment Net
The total value of a company's physical assets (such as land, buildings, and equipment) used in operations, net of depreciation. It reflects the company's investment in assets used for production.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 NioCorp Developments' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into NioCorp Developments 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NioCorp Developments 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 bureau of labor statistics. The current year's Issuance Of Capital Stock is expected to grow to about 4.9 M, whereas Tax Provision is projected to grow to (259.9 K).
NioCorp Developments fundamental ratios Correlations
Click cells to compare fundamentals
NioCorp Developments Account Relationship Matchups
High Positive Relationship
High Negative Relationship
NioCorp Developments fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Assets | 11.0M | 24.5M | 22.8M | 20.9M | 24.1M | 19.9M | |
| Total Current Liabilities | 8.0M | 3.9M | 5.1M | 3.6M | 3.2M | 4.1M | |
| Total Stockholder Equity | 2.6M | 13.7M | 19.0M | (11.0M) | (9.9M) | (9.4M) | |
| Retained Earnings | (94.7M) | (99.1M) | (110.4M) | (150.5M) | (135.4M) | (142.2M) | |
| Cash | 307K | 7.3M | 5.3M | 2.3M | 2.7M | 3.4M | |
| Non Current Assets Total | 10.7M | 17.1M | 17.1M | 17.2M | 19.8M | 16.0M | |
| Common Stock Shares Outstanding | 23.6M | 25.6M | 27.7M | 31.2M | 35.9M | 28.9M | |
| Non Current Liabilities Total | 344K | 6.9M | 23K | 26.2M | 30.2M | 31.7M | |
| Total Liab | 8.4M | 10.8M | 3.7M | 29.8M | 34.3M | 36.0M | |
| Net Invested Capital | 7.9M | 23.9M | 21.8M | (406K) | (365.4K) | (347.1K) | |
| Long Term Investments | 7K | 16K | 10K | 9K | 10.4K | 10.3K | |
| Total Current Assets | 338K | 7.3M | 5.7M | 3.7M | 4.3M | 3.9M | |
| Capital Stock | 84.5M | 113.9M | 129.1M | 140.4M | 161.5M | 121.2M | |
| Net Working Capital | (7.7M) | 3.4M | 2.0M | 164K | 188.6K | 198.0K |
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Additional Information and Resources on Investing in NioCorp Stock
When determining whether NioCorp Developments is a strong investment it is important to analyze NioCorp Developments' 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 NioCorp Developments' future performance. For an informed investment choice regarding NioCorp Stock, refer to the following important reports:Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NioCorp Developments 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 bureau of labor statistics. You can also try the Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.
Is Diversified Metals & Mining space 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 NioCorp Developments. If investors know NioCorp 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 NioCorp Developments listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.37) | Return On Assets (0.46) | Return On Equity (7.72) |
The market value of NioCorp Developments is measured differently than its book value, which is the value of NioCorp that is recorded on the company's balance sheet. Investors also form their own opinion of NioCorp Developments' value that differs from its market value or its book value, called intrinsic value, which is NioCorp Developments' 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 NioCorp Developments' market value can be influenced by many factors that don't directly affect NioCorp Developments' 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 NioCorp Developments' value and its price as these two are different measures arrived at by different means. Investors typically determine if NioCorp Developments is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, NioCorp Developments' 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.