NioCorp Total Current Assets vs Property Plant And Equipment Gross 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 Total Current Assets and its Property Plant And Equipment Gross 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.

Total Current Assets vs Property Plant And Equipment Gross

Total Current Assets vs Property Plant And Equipment Gross Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of NioCorp Developments Total Current Assets account and Property Plant And Equipment Gross. At this time, the significance of the direction appears to have almost identical trend.

The correlation between NioCorp Developments' Total Current Assets and Property Plant And Equipment Gross is 0.91. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Property Plant And Equipment Gross 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' Total Current Assets and Property Plant And Equipment Gross is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Current Assets of NioCorp Developments Ltd are associated (or correlated) with its Property Plant And Equipment Gross. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Property Plant And Equipment Gross has no effect on the direction of Total Current Assets i.e., NioCorp Developments' Total Current Assets and Property Plant And Equipment Gross go up and down completely randomly.

Correlation Coefficient

0.91

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Total Current Assets

The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.

Property Plant And Equipment Gross

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

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Long Term Debt	Common Stock Shares Outstanding	Non Current Liabilities Total	Total Liab	Net Invested Capital	Long Term Investments	Short Long Term Debt	Total Current Assets	Capital Stock	Net Working Capital	Other Current Liab	Net Tangible Assets	Property Plant And Equipment Net	Accounts Payable	Other Assets	Other Current Assets	Other Stockholder Equity	Property Plant And Equipment Gross	Common Stock
Total Assets		-0.68	-0.15	0.74	-0.75	0.9	0.98	0.92	0.82	0.68	0.64	0.16	0.92	0.39	0.97	0.92	0.96	-0.92	-0.06	0.98	-0.85	-0.43	0.68	-0.98	0.98	0.87
Total Current Liabilities	-0.68		0.37	-0.41	0.63	-0.51	-0.71	-0.69	-0.68	-0.68	-0.63	0.17	-0.5	0.26	-0.6	-0.69	-0.75	0.68	0.35	-0.71	0.42	0.41	-0.64	0.63	-0.71	-0.7
Total Stockholder Equity	-0.15	0.37		-0.41	0.7	0.21	-0.29	-0.4	-0.59	-0.81	-0.84	0.93	-0.01	-0.22	0.05	-0.43	-0.01	0.42	0.99	-0.32	-0.27	0.6	-0.77	0.06	-0.32	-0.52
Net Debt	0.74	-0.41	-0.41		-0.81	0.43	0.82	0.83	0.9	0.67	0.66	-0.24	0.48	0.39	0.58	0.91	0.58	-0.74	-0.34	0.81	-0.44	-0.37	0.78	-0.64	0.81	0.91
Retained Earnings	-0.75	0.63	0.7	-0.81		-0.45	-0.82	-0.91	-0.89	-0.94	-0.93	0.48	-0.55	-0.38	-0.6	-0.88	-0.65	0.88	0.64	-0.84	0.43	0.66	-0.97	0.71	-0.84	-0.91
Cash	0.9	-0.51	0.21	0.43	-0.45		0.81	0.73	0.5	0.37	0.33	0.52	0.95	0.38	0.98	0.66	0.94	-0.75	0.31	0.81	-0.97	-0.27	0.36	-0.95	0.81	0.58
Non Current Assets Total	0.98	-0.71	-0.29	0.82	-0.82	0.81		0.95	0.91	0.76	0.73	0.01	0.85	0.39	0.91	0.97	0.91	-0.94	-0.2	1.0	-0.76	-0.49	0.78	-0.93	1.0	0.94
Long Term Debt	0.92	-0.69	-0.4	0.83	-0.91	0.73	0.95		0.9	0.84	0.81	-0.14	0.75	0.37	0.83	0.95	0.86	-0.98	-0.32	0.97	-0.73	-0.66	0.88	-0.88	0.97	0.94
Common Stock Shares Outstanding	0.82	-0.68	-0.59	0.9	-0.89	0.5	0.91	0.9		0.88	0.86	-0.36	0.6	0.34	0.66	0.97	0.68	-0.88	-0.52	0.91	-0.44	-0.57	0.91	-0.71	0.91	0.99
Non Current Liabilities Total	0.68	-0.68	-0.81	0.67	-0.94	0.37	0.76	0.84	0.88		1.0	-0.59	0.53	0.36	0.52	0.82	0.57	-0.86	-0.76	0.79	-0.32	-0.79	0.97	-0.61	0.79	0.87
Total Liab	0.64	-0.63	-0.84	0.66	-0.93	0.33	0.73	0.81	0.86	1.0		-0.63	0.5	0.41	0.47	0.79	0.52	-0.84	-0.78	0.76	-0.28	-0.8	0.97	-0.57	0.76	0.84
Net Invested Capital	0.16	0.17	0.93	-0.24	0.48	0.52	0.01	-0.14	-0.36	-0.59	-0.63		0.34	-0.02	0.38	-0.17	0.29	0.14	0.96	-0.02	-0.54	0.49	-0.59	-0.26	-0.02	-0.29
Long Term Investments	0.92	-0.5	-0.01	0.48	-0.55	0.95	0.85	0.75	0.6	0.53	0.5	0.34		0.55	0.96	0.72	0.89	-0.81	0.11	0.85	-0.88	-0.37	0.47	-0.94	0.85	0.65
Short Long Term Debt	0.39	0.26	-0.22	0.39	-0.38	0.38	0.39	0.37	0.34	0.36	0.41	-0.02	0.55		0.38	0.35	0.19	-0.45	-0.11	0.4	-0.37	-0.39	0.34	-0.4	0.4	0.34
Total Current Assets	0.97	-0.6	0.05	0.58	-0.6	0.98	0.91	0.83	0.66	0.52	0.47	0.38	0.96	0.38		0.8	0.97	-0.84	0.15	0.91	-0.94	-0.33	0.51	-0.99	0.91	0.73
Capital Stock	0.92	-0.69	-0.43	0.91	-0.88	0.66	0.97	0.95	0.97	0.82	0.79	-0.17	0.72	0.35	0.8		0.81	-0.91	-0.35	0.97	-0.61	-0.5	0.85	-0.84	0.97	0.99
Net Working Capital	0.96	-0.75	-0.01	0.58	-0.65	0.94	0.91	0.86	0.68	0.57	0.52	0.29	0.89	0.19	0.97	0.81		-0.86	0.07	0.91	-0.9	-0.38	0.57	-0.97	0.91	0.76
Other Current Liab	-0.92	0.68	0.42	-0.74	0.88	-0.75	-0.94	-0.98	-0.88	-0.86	-0.84	0.14	-0.81	-0.45	-0.84	-0.91	-0.86		0.33	-0.96	0.74	0.74	-0.87	0.88	-0.96	-0.92
Net Tangible Assets	-0.06	0.35	0.99	-0.34	0.64	0.31	-0.2	-0.32	-0.52	-0.76	-0.78	0.96	0.11	-0.11	0.15	-0.35	0.07	0.33		-0.23	-0.37	0.57	-0.72	-0.04	-0.23	-0.45
Property Plant And Equipment Net	0.98	-0.71	-0.32	0.81	-0.84	0.81	1.0	0.97	0.91	0.79	0.76	-0.02	0.85	0.4	0.91	0.97	0.91	-0.96	-0.23		-0.77	-0.55	0.81	-0.93	1.0	0.95
Accounts Payable	-0.85	0.42	-0.27	-0.44	0.43	-0.97	-0.76	-0.73	-0.44	-0.32	-0.28	-0.54	-0.88	-0.37	-0.94	-0.61	-0.9	0.74	-0.37	-0.77		0.33	-0.35	0.91	-0.77	-0.54
Other Assets	-0.43	0.41	0.6	-0.37	0.66	-0.27	-0.49	-0.66	-0.57	-0.79	-0.8	0.49	-0.37	-0.39	-0.33	-0.5	-0.38	0.74	0.57	-0.55	0.33		-0.79	0.38	-0.55	-0.59
Other Current Assets	0.68	-0.64	-0.77	0.78	-0.97	0.36	0.78	0.88	0.91	0.97	0.97	-0.59	0.47	0.34	0.51	0.85	0.57	-0.87	-0.72	0.81	-0.35	-0.79		-0.61	0.81	0.91
Other Stockholder Equity	-0.98	0.63	0.06	-0.64	0.71	-0.95	-0.93	-0.88	-0.71	-0.61	-0.57	-0.26	-0.94	-0.4	-0.99	-0.84	-0.97	0.88	-0.04	-0.93	0.91	0.38	-0.61		-0.93	-0.78
Property Plant And Equipment Gross	0.98	-0.71	-0.32	0.81	-0.84	0.81	1.0	0.97	0.91	0.79	0.76	-0.02	0.85	0.4	0.91	0.97	0.91	-0.96	-0.23	1.0	-0.77	-0.55	0.81	-0.93		0.95
Common Stock	0.87	-0.7	-0.52	0.91	-0.91	0.58	0.94	0.94	0.99	0.87	0.84	-0.29	0.65	0.34	0.73	0.99	0.76	-0.92	-0.45	0.95	-0.54	-0.59	0.91	-0.78	0.95

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NioCorp Developments Account Relationship Matchups

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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SGC	Superior Uniform Group
VLN	Valens
GNFT	Genfit

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:

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What is NioCorp Developments' Net Worth?

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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.

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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.

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NioCorp Total Current Assets vs Property Plant And Equipment Gross Analysis

Total Current Assets vs Property Plant And Equipment Gross

Total Current Assets vs Property Plant And Equipment Gross Correlation Analysis

Correlation Coefficient

Total Current Assets

Property Plant And Equipment Gross

NioCorp Developments fundamental ratios Correlations

NioCorp Developments Account Relationship Matchups

High Positive Relationship

High Negative Relationship

NioCorp Developments fundamental ratios Accounts

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Additional Information and Resources on Investing in NioCorp Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Property Plant And Equipment Net	+ 1.0	Non Current Assets Total
Property Plant And Equipment Gross	+ 1.0	Non Current Assets Total
Total Liab	+ 1.0	Non Current Liabilities Total
Property Plant And Equipment Gross	+ 1.0	Property Plant And Equipment Net
Net Tangible Assets	+ 0.99	Total Stockholder Equity
Common Stock	+ 0.99	Common Stock Shares Outstanding

Other Stockholder Equity	- 0.99	Total Current Assets
Other Current Liab	- 0.98	Long Term Debt
Other Stockholder Equity	- 0.98	Total Assets
Other Stockholder Equity	- 0.97	Net Working Capital
Accounts Payable	- 0.97	Cash
Other Current Assets	- 0.97	Retained Earnings