New Invested Capital vs Average Payables Analysis
NGD Stock | CAD 2.98 0.03 1.00% |
New Gold financial indicator trend analysis is infinitely more than just investigating New Gold recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether New Gold is a good investment. Please check the relationship between New Gold Invested Capital and its Average Payables accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in New Gold. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. To learn how to invest in New Stock, please use our How to Invest in New Gold guide.
Invested Capital vs Average Payables
Invested Capital vs Average Payables Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of New Gold Invested Capital account and Average Payables. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between New Gold's Invested Capital and Average Payables is 0.5. Overlapping area represents the amount of variation of Invested Capital that can explain the historical movement of Average Payables in the same time period over historical financial statements of New Gold, assuming nothing else is changed. The correlation between historical values of New Gold's Invested Capital and Average Payables is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Invested Capital of New Gold are associated (or correlated) with its Average Payables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Average Payables has no effect on the direction of Invested Capital i.e., New Gold's Invested Capital and Average Payables go up and down completely randomly.
Correlation Coefficient | 0.5 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Invested Capital
Invested capital represents the total cash investment that shareholders and debt holders have contributed to New Gold. There are two different methods for calculating New Gold invested capital: operating approach and financing approach. Understanding New Gold invested capital allows investors to calculate measures of performance such as return on invested capital or return on capital employed.Average Payables
The average amount owed to suppliers and creditors over a specific period, reflecting the company's payment cycle and credit terms with suppliers.Most indicators from New Gold's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into New 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in New Gold. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. To learn how to invest in New Stock, please use our How to Invest in New Gold guide.At this time, New Gold's Tax Provision is very stable compared to the past year. As of the 2nd of June 2024, Sales General And Administrative To Revenue is likely to grow to 0.05, while Selling General Administrative is likely to drop about 19.5 M.
2021 | 2023 | 2024 (projected) | Other Operating Expenses | 612.4M | 713.1M | 748.8M | Total Revenue | 745.5M | 786.5M | 426.6M |
New Gold fundamental ratios Correlations
Click cells to compare fundamentals
New Gold Account Relationship Matchups
High Positive Relationship
High Negative Relationship
New Gold fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 2.2B | 2.3B | 2.5B | 2.2B | 2.3B | 2.0B | |
Short Long Term Debt Total | 738.4M | 508.7M | 501.7M | 396.2M | 455.6M | 492.6M | |
Other Current Liab | 132.2M | 117.1M | 120.9M | 109.4M | 76.9M | 64.3M | |
Total Current Liabilities | 171.9M | 158.7M | 172.9M | 171.2M | 229M | 240.5M | |
Total Stockholder Equity | 961.3M | 789.3M | 955.9M | 959.5M | 789.2M | 1.1B | |
Property Plant And Equipment Net | 1.9B | 1.8B | 1.8B | 1.9B | 1.9B | 1.6B | |
Net Debt | 655M | 322.4M | 20.2M | 195.4M | 210.5M | 194.9M | |
Retained Earnings | (2.3B) | (2.4B) | (2.2B) | (2.3B) | (2.3B) | (2.2B) | |
Accounts Payable | 39.7M | 41.6M | 52M | 61.8M | 64.1M | 32.2M | |
Cash | 83.4M | 186.3M | 481.5M | 200.8M | 185.5M | 204.3M | |
Non Current Assets Total | 1.9B | 1.8B | 1.8B | 1.9B | 1.9B | 1.7B | |
Cash And Short Term Investments | 83.4M | 231.7M | 541M | 236.4M | 271.9M | 210.3M | |
Net Receivables | 28M | 82M | 30.1M | 15.9M | 10.2M | 9.7M | |
Common Stock Shares Outstanding | 611.1M | 676.3M | 682.4M | 681.9M | 687.0M | 721.4M | |
Liabilities And Stockholders Equity | 2.2B | 2.3B | 2.5B | 2.2B | 2.6B | 2.0B | |
Non Current Liabilities Total | 1.0B | 1.3B | 1.3B | 1.1B | 1.3B | 830.4M | |
Other Stockholder Equity | 105.7M | 106.7M | 107.5M | 107.8M | 124.0M | 117.8M | |
Total Liab | 1.2B | 1.5B | 1.5B | 1.3B | 1.5B | 877.1M | |
Property Plant And Equipment Gross | 1.9B | 1.8B | 3.5B | 3.8B | 4.1B | 4.3B | |
Total Current Assets | 228.7M | 418.8M | 686.3M | 377.5M | 351.8M | 329.6M | |
Accumulated Other Comprehensive Income | (13.6M) | (116.8M) | (93M) | (24.6M) | (22.1M) | (23.2M) | |
Other Current Assets | 7.1M | 12.7M | 14.8M | 11.3M | 15.7M | 8.6M | |
Non Currrent Assets Other | 1.8M | 3M | 2.6M | 2.1M | 2.4M | 2.3M | |
Other Liab | 286.9M | 793.4M | 846.3M | 716.6M | 824.1M | 491.7M | |
Net Tangible Assets | 961.3M | 789.3M | 955.9M | 959.5M | 1.1B | 1.3B | |
Other Assets | 1.3M | 3M | 2.6M | 2.1M | 1.9M | 1.8M | |
Common Stock | 3.1B | 3.2B | 3.2B | 3.2B | 3.6B | 2.4B | |
Property Plant Equipment | 1.9B | 1.8B | 1.8B | 1.9B | 2.1B | 2.0B | |
Long Term Debt | 714.5M | 489.2M | 491M | 394.9M | 396M | 514.9M | |
Inventory | 110M | 93.3M | 101M | 115.7M | 126.7M | 140.9M | |
Common Stock Total Equity | 3.0B | 3.0B | 3.1B | 3.2B | 3.6B | 3.2B | |
Long Term Debt Total | 738.4M | 508.7M | 501.7M | 396.2M | 356.6M | 552.2M | |
Capital Surpluse | 105.7M | 106.7M | 107.5M | 107.8M | 124.0M | 115.7M | |
Non Current Liabilities Other | 1M | 9M | 3.7M | 4.8M | 3.4M | 4.7M | |
Cash And Equivalents | 17.4M | 60.9M | 144M | 33.1M | 29.8M | 28.3M | |
Net Invested Capital | 1.7B | 1.3B | 1.4B | 1.4B | 1.2B | 1.4B |
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Try AI Portfolio ArchitectCheck out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in New Gold. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. To learn how to invest in New Stock, please use our How to Invest in New Gold guide.Note that the New Gold information on this page should be used as a complementary analysis to other New Gold's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.
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When running New Gold's price analysis, check to measure New Gold's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy New Gold is operating at the current time. Most of New Gold's value examination focuses on studying past and present price action to predict the probability of New Gold's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move New Gold's price. Additionally, you may evaluate how the addition of New Gold to your portfolios can decrease your overall portfolio volatility.
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