NovaGold Retained Earnings vs Net Receivables Analysis
NG Stock | USD 2.87 0.03 1.06% |
NovaGold Resources financial indicator trend analysis is infinitely more than just investigating NovaGold Resources recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether NovaGold Resources is a good investment. Please check the relationship between NovaGold Resources Retained Earnings and its Net Receivables accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NovaGold Resources. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price. For more detail on how to invest in NovaGold Stock please use our How to Invest in NovaGold Resources guide.
Retained Earnings vs Net Receivables
Retained Earnings vs Net Receivables Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of NovaGold Resources Retained Earnings account and Net Receivables. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between NovaGold Resources' Retained Earnings and Net Receivables is -0.2. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Net Receivables in the same time period over historical financial statements of NovaGold Resources, assuming nothing else is changed. The correlation between historical values of NovaGold Resources' Retained Earnings and Net Receivables is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Retained Earnings of NovaGold Resources are associated (or correlated) with its Net Receivables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Receivables has no effect on the direction of Retained Earnings i.e., NovaGold Resources' Retained Earnings and Net Receivables go up and down completely randomly.
Correlation Coefficient | -0.2 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Retained Earnings
The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.Net Receivables
Most indicators from NovaGold Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into NovaGold Resources 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 NovaGold Resources. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price. For more detail on how to invest in NovaGold Stock please use our How to Invest in NovaGold Resources guide.At this time, NovaGold Resources' Sales General And Administrative To Revenue is most likely to increase significantly in the upcoming years. The NovaGold Resources' current Enterprise Value is estimated to increase to about 1.9 B, while Discontinued Operations is forecasted to increase to (69.5 M).
NovaGold Resources fundamental ratios Correlations
Click cells to compare fundamentals
NovaGold Resources Account Relationship Matchups
High Positive Relationship
High Negative Relationship
NovaGold Resources fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 224.4M | 198.9M | 159.2M | 133.3M | 153.3M | 145.6M | |
Short Long Term Debt Total | 110.4M | 116.1M | 124.6M | 137.5M | 158.2M | 166.1M | |
Other Current Liab | 182K | 3.5M | 3.7M | 3.9M | 4.5M | 7.3M | |
Total Current Liabilities | 3.5M | 4.4M | 4.6M | 3.9M | 4.5M | 4.3M | |
Total Stockholder Equity | 110.7M | 78.3M | 29.9M | (8.2M) | (9.5M) | (9.0M) | |
Property Plant And Equipment Net | 634K | 423K | 958K | 898K | 808.2K | 767.8K | |
Net Debt | 49.5M | 25.0M | 60.7M | 91.8M | 105.6M | 110.8M | |
Retained Earnings | (1.9B) | (2.0B) | (2.0B) | (2.1B) | (1.9B) | (1.8B) | |
Accounts Payable | 900K | 682K | 769K | 703K | 632.7K | 601.1K | |
Cash | 60.9M | 91.1M | 63.9M | 45.7M | 52.6M | 56.7M | |
Non Current Assets Total | 28.1M | 29.4M | 6.7M | 6.1M | 7.0M | 6.6M | |
Non Currrent Assets Other | 89.5M | 92.7M | 23.4M | 23.6M | 27.1M | 20.5M | |
Other Assets | 92.7M | 25.4M | 104.2M | 87.5M | 100.7M | 105.7M | |
Cash And Short Term Investments | 121.9M | 169.1M | 125.9M | 125.7M | 144.6M | 94.2M | |
Common Stock Shares Outstanding | 329.3M | 331.5M | 333.2M | 334.1M | 384.2M | 200.8M | |
Liabilities And Stockholders Equity | 224.4M | 198.9M | 159.2M | 133.3M | 153.3M | 145.6M | |
Non Current Liabilities Total | 110.2M | 116.2M | 124.7M | 137.6M | 158.2M | 88.1M | |
Other Current Assets | 1.3M | 25.1K | 1.3M | 1.1M | 1.3M | 1.3M | |
Other Stockholder Equity | 81.2M | 82.2M | 82.9M | 88.6M | 101.9M | 96.8M | |
Total Liab | 113.7M | 120.6M | 129.3M | 141.5M | 162.7M | 107.2M | |
Total Current Assets | 196.4M | 169.5M | 152.5M | 127.2M | 146.3M | 102.2M | |
Accumulated Other Comprehensive Income | (23.9M) | (23.3M) | (24.4M) | (24.5M) | (22.0M) | (20.9M) | |
Short Term Debt | 207K | 224K | 142K | 192K | 220.8K | 209.8K | |
Net Receivables | 73.2M | 302K | 25.4M | 345K | 396.8K | 376.9K | |
Other Liab | 80K | 751K | 464K | 200K | 180K | 171K | |
Net Tangible Assets | 138.0M | 110.7M | 78.3M | 29.9M | 34.4M | 32.7M | |
Long Term Debt | 109.8M | 115.7M | 123.7M | 136.7M | 157.3M | 165.1M | |
Common Stock Total Equity | 2.0B | 2.0B | 2.0B | 2.0B | 2.3B | 2.4B | |
Retained Earnings Total Equity | (1.9B) | (1.9B) | (2.0B) | (2.0B) | (1.8B) | (1.7B) | |
Short Term Investments | 61M | 78M | 62M | 80M | 92M | 96.6M | |
Long Term Investments | 26.0M | 5.4M | 5.7M | 5.2M | 5.9M | 5.7M | |
Common Stock | 2.0B | 2.0B | 2.0B | 2.0B | 2.3B | 1.2B | |
Property Plant Equipment | 42K | 634K | 423K | 958K | 862.2K | 819.1K | |
Long Term Debt Total | 103.8M | 109.8M | 115.7M | 123.7M | 142.2M | 106.3M | |
Capital Surpluse | 82.3M | 81.2M | 82.2M | 82.9M | 95.3M | 88.5M |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards NovaGold Resources in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, NovaGold Resources' short interest history, or implied volatility extrapolated from NovaGold Resources options trading.
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Try AI Portfolio ArchitectCheck out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NovaGold Resources. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price. For more detail on how to invest in NovaGold Stock please use our How to Invest in NovaGold Resources guide.Note that the NovaGold Resources information on this page should be used as a complementary analysis to other NovaGold Resources' 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 Pattern Recognition module to use different Pattern Recognition models to time the market across multiple global exchanges.
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When running NovaGold Resources' price analysis, check to measure NovaGold Resources' 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 NovaGold Resources is operating at the current time. Most of NovaGold Resources' value examination focuses on studying past and present price action to predict the probability of NovaGold Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NovaGold Resources' price. Additionally, you may evaluate how the addition of NovaGold Resources to your portfolios can decrease your overall portfolio volatility.
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Is NovaGold Resources' 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 NovaGold Resources. If investors know NovaGold 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 NovaGold Resources listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.14) | Return On Assets (0.10) | Return On Equity (17.91) |
The market value of NovaGold Resources is measured differently than its book value, which is the value of NovaGold that is recorded on the company's balance sheet. Investors also form their own opinion of NovaGold Resources' value that differs from its market value or its book value, called intrinsic value, which is NovaGold Resources' 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 NovaGold Resources' market value can be influenced by many factors that don't directly affect NovaGold Resources' 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 NovaGold Resources' value and its price as these two are different measures arrived at by different means. Investors typically determine if NovaGold Resources is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, NovaGold Resources' 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.