NioCorp Property Plant And Equipment Net vs Total Current Liabilities Analysis
| NB Stock | 2.36 0.01 0.43% |
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 Current Liabilities 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 tightly coupled with the direction of predictive economic indicators such as signals in bureau of labor statistics.
Property Plant And Equipment Net vs Total Current Liabilities
Property Plant And Equipment Net vs Total Current Liabilities 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 Current Liabilities. At this time, the significance of the direction appears to have pay attention.
The correlation between NioCorp Developments' Property Plant And Equipment Net and Total Current Liabilities is -0.71. Overlapping area represents the amount of variation of Property Plant And Equipment Net that can explain the historical movement of Total Current Liabilities 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 Current Liabilities 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 Current Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Liabilities has no effect on the direction of Property Plant And Equipment Net i.e., NioCorp Developments' Property Plant And Equipment Net and Total Current Liabilities go up and down completely randomly.
Correlation Coefficient | -0.71 |
| Relationship Direction | Negative |
| Relationship Strength | Weak |
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 Current Liabilities
Total Current Liabilities is an item on NioCorp Developments balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of NioCorp Developments Ltd are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.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 tightly coupled 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
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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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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.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 tightly coupled with the direction of predictive economic indicators such as signals in bureau of labor statistics. Note that the NioCorp Developments information on this page should be used as a complementary analysis to other NioCorp Developments' 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 Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.
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When running NioCorp Developments' price analysis, check to measure NioCorp Developments' 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 NioCorp Developments is operating at the current time. Most of NioCorp Developments' value examination focuses on studying past and present price action to predict the probability of NioCorp Developments' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NioCorp Developments' price. Additionally, you may evaluate how the addition of NioCorp Developments to your portfolios can decrease your overall portfolio volatility.
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Is NioCorp Developments' industry 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.