Nevada Total Current Liabilities vs Other Stockholder Equity Analysis

NKG Stock

CAD 0.34 0.01 3.03%

Nevada King financial indicator trend analysis is infinitely more than just investigating Nevada King Gold recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Nevada King Gold is a good investment. Please check the relationship between Nevada King Total Current Liabilities and its Other Stockholder Equity accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nevada King 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.

Total Current Liabilities vs Other Stockholder Equity

Total Current Liabilities vs Other Stockholder Equity Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Nevada King Gold Total Current Liabilities account and Other Stockholder Equity. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Nevada King's Total Current Liabilities and Other Stockholder Equity is -0.26. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Other Stockholder Equity in the same time period over historical financial statements of Nevada King Gold, assuming nothing else is changed. The correlation between historical values of Nevada King's Total Current Liabilities and Other 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 Total Current Liabilities of Nevada King Gold are associated (or correlated) with its Other Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Stockholder Equity has no effect on the direction of Total Current Liabilities i.e., Nevada King's Total Current Liabilities and Other Stockholder Equity go up and down completely randomly.

Correlation Coefficient

-0.26

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Total Current Liabilities

Total Current Liabilities is an item on Nevada King balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Nevada King Gold 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.

Other Stockholder Equity

Most indicators from Nevada King's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Nevada King 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 Nevada King 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.

At this time, Nevada King's Sales General And Administrative To Revenue is fairly stable compared to the past year. Enterprise Value Over EBITDA is likely to climb to 14.78 in 2024, whereas Selling General Administrative is likely to drop slightly above 4 M in 2024.

	2021	2022	2023	2024 (projected)
Interest Income	14.4K	423.1K	486.5K	510.9K
Net Interest Income	14.4K	423.1K	486.5K	510.9K

Interest Income Net Interest Income

Nevada King fundamental ratios Correlations

	Other Current Liab	Total Current Liabilities	Net Tangible Assets	Retained Earnings	Accounts Payable	Common Stock	Property Plant Equipment	Total Assets	Total Stockholder Equity	Cash	Common Stock Shares Outstanding	Total Liab	Net Invested Capital	Total Current Assets	Net Working Capital	Net Receivables	Other Stockholder Equity	Capital Stock	Property Plant And Equipment Net	Non Currrent Assets Other	Other Assets	Other Current Assets	Deferred Long Term Liab	Property Plant And Equipment Gross
Other Current Liab		0.41	0.61	-0.62	0.55	0.63	0.57	0.65	0.65	0.57	0.65	0.54	0.65	0.67	0.62	0.48	0.26	0.59	0.49	0.64	0.66	-0.21	-0.21	0.5
Total Current Liabilities	0.41		0.68	-0.8	0.87	0.7	0.71	0.3	0.29	0.41	0.71	0.86	0.29	0.18	0.11	0.38	-0.26	0.64	0.36	0.45	0.52	-0.73	-0.73	0.45
Net Tangible Assets	0.61	0.68		-0.93	0.87	0.99	0.99	0.87	0.86	0.86	0.99	0.87	0.86	0.7	0.65	0.55	0.03	0.91	0.84	0.86	0.93	-0.67	-0.67	0.89
Retained Earnings	-0.62	-0.8	-0.93		-0.96	-0.93	-0.92	-0.68	-0.67	-0.71	-0.95	-0.96	-0.67	-0.56	-0.49	-0.59	0.02	-0.88	-0.63	-0.78	-0.84	0.65	0.65	-0.7
Accounts Payable	0.55	0.87	0.87	-0.96		0.89	0.88	0.55	0.54	0.6	0.92	1.0	0.54	0.47	0.39	0.54	-0.1	0.79	0.53	0.68	0.73	-0.77	-0.77	0.62
Common Stock	0.63	0.7	0.99	-0.93	0.89		0.99	0.85	0.85	0.86	1.0	0.89	0.85	0.65	0.59	0.49	-0.04	0.91	0.84	0.81	0.89	-0.69	-0.69	0.89
Property Plant Equipment	0.57	0.71	0.99	-0.92	0.88	0.99		0.84	0.84	0.88	0.98	0.88	0.84	0.6	0.55	0.45	-0.1	0.92	0.86	0.79	0.89	-0.68	-0.68	0.91
Total Assets	0.65	0.3	0.87	-0.68	0.55	0.85	0.84		1.0	0.94	0.83	0.55	1.0	0.8	0.77	0.44	0.16	0.84	0.95	0.83	0.91	-0.31	-0.31	0.94
Total Stockholder Equity	0.65	0.29	0.86	-0.67	0.54	0.85	0.84	1.0		0.94	0.82	0.54	1.0	0.8	0.78	0.43	0.16	0.84	0.95	0.83	0.91	-0.3	-0.3	0.93
Cash	0.57	0.41	0.86	-0.71	0.6	0.86	0.88	0.94	0.94		0.83	0.6	0.94	0.58	0.53	0.25	-0.16	0.92	0.98	0.68	0.85	-0.31	-0.31	0.97
Common Stock Shares Outstanding	0.65	0.71	0.99	-0.95	0.92	1.0	0.98	0.83	0.82	0.83		0.92	0.82	0.66	0.6	0.52	-0.01	0.9	0.8	0.82	0.89	-0.7	-0.7	0.85
Total Liab	0.54	0.86	0.87	-0.96	1.0	0.89	0.88	0.55	0.54	0.6	0.92		0.54	0.47	0.39	0.54	-0.1	0.79	0.54	0.68	0.73	-0.77	-0.77	0.62
Net Invested Capital	0.65	0.29	0.86	-0.67	0.54	0.85	0.84	1.0	1.0	0.94	0.82	0.54		0.8	0.78	0.43	0.16	0.84	0.95	0.83	0.91	-0.3	-0.3	0.93
Total Current Assets	0.67	0.18	0.7	-0.56	0.47	0.65	0.6	0.8	0.8	0.58	0.66	0.47	0.8		0.99	0.79	0.68	0.57	0.59	0.93	0.84	-0.28	-0.28	0.59
Net Working Capital	0.62	0.11	0.65	-0.49	0.39	0.59	0.55	0.77	0.78	0.53	0.6	0.39	0.78	0.99		0.77	0.72	0.5	0.56	0.9	0.8	-0.25	-0.25	0.55
Net Receivables	0.48	0.38	0.55	-0.59	0.54	0.49	0.45	0.44	0.43	0.25	0.52	0.54	0.43	0.79	0.77		0.73	0.47	0.19	0.85	0.72	-0.33	-0.33	0.23
Other Stockholder Equity	0.26	-0.26	0.03	0.02	-0.1	-0.04	-0.1	0.16	0.16	-0.16	-0.01	-0.1	0.16	0.68	0.72	0.73		-0.11	-0.14	0.52	0.28	0.09	0.09	-0.15
Capital Stock	0.59	0.64	0.91	-0.88	0.79	0.91	0.92	0.84	0.84	0.92	0.9	0.79	0.84	0.57	0.5	0.47	-0.11		0.84	0.77	0.91	-0.42	-0.42	0.86
Property Plant And Equipment Net	0.49	0.36	0.84	-0.63	0.53	0.84	0.86	0.95	0.95	0.98	0.8	0.54	0.95	0.59	0.56	0.19	-0.14	0.84		0.66	0.81	-0.36	-0.36	0.99
Non Currrent Assets Other	0.64	0.45	0.86	-0.78	0.68	0.81	0.79	0.83	0.83	0.68	0.82	0.68	0.83	0.93	0.9	0.85	0.52	0.77	0.66		0.96	-0.46	-0.46	0.69
Other Assets	0.66	0.52	0.93	-0.84	0.73	0.89	0.89	0.91	0.91	0.85	0.89	0.73	0.91	0.84	0.8	0.72	0.28	0.91	0.81	0.96		-0.43	-0.43	0.83
Other Current Assets	-0.21	-0.73	-0.67	0.65	-0.77	-0.69	-0.68	-0.31	-0.3	-0.31	-0.7	-0.77	-0.3	-0.28	-0.25	-0.33	0.09	-0.42	-0.36	-0.46	-0.43		1.0	-0.45
Deferred Long Term Liab	-0.21	-0.73	-0.67	0.65	-0.77	-0.69	-0.68	-0.31	-0.3	-0.31	-0.7	-0.77	-0.3	-0.28	-0.25	-0.33	0.09	-0.42	-0.36	-0.46	-0.43	1.0		-0.45
Property Plant And Equipment Gross	0.5	0.45	0.89	-0.7	0.62	0.89	0.91	0.94	0.93	0.97	0.85	0.62	0.93	0.59	0.55	0.23	-0.15	0.86	0.99	0.69	0.83	-0.45	-0.45

Click cells to compare fundamentals

Nevada King Account Relationship Matchups

Nevada King fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Current Liabilities	124.9K	156.4K	255.6K	1.3M	1.5M	1.5M
Net Tangible Assets	7.4M	9.3M	28.4M	74.5M	85.7M	89.9M
Retained Earnings	(30.6M)	(32.6M)	(42.4M)	(100.1M)	(90.0M)	(85.5M)
Accounts Payable	124.9K	156.4K	249.8K	1.3M	1.5M	1.5M
Common Stock	33.3M	37.4M	40.9M	114.8M	132.1M	138.7M
Property Plant Equipment	3.1M	7.6M	8.1M	59.9M	68.8M	72.3M
Total Assets	9.4M	28.6M	74.7M	37.7M	43.3M	29.2M
Total Stockholder Equity	9.3M	28.4M	74.5M	36.4M	41.8M	28.8M
Cash	1.7M	987.7K	13.2M	7.9M	9.1M	4.8M
Non Current Assets Total	7.6M	9.4M	61.5M	29.5M	33.9M	20.4M
Common Stock Shares Outstanding	91.1M	99.1M	243.6M	278.6M	320.4M	336.4M
Total Liab	124.9K	156.4K	255.6K	1.3M	1.5M	1.5M
Net Invested Capital	9.3M	28.4M	74.5M	36.4M	41.8M	28.8M
Total Current Assets	1.7M	19.2M	13.2M	8.2M	9.4M	8.7M
Net Working Capital	1.6M	19.0M	13.0M	6.9M	7.9M	8.4M
Net Receivables	12.0K	70.4K	16.2K	44.7K	51.4K	35.6K
Capital Stock	37.4M	40.9M	114.8M	130.5M	150.1M	78.5M

Pair Trading with Nevada King

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Nevada King position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Nevada King will appreciate offsetting losses from the drop in the long position's value.

Moving against Nevada Stock

0.53	FDY	Faraday Copper Corp	Pair Corr
0.48	ARA	Aclara Resources	Pair Corr
0.46	IE	Ivanhoe Energy	Pair Corr
0.42	ETHC	Ether Capital Corp	Pair Corr

The ability to find closely correlated positions to Nevada King could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Nevada King when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Nevada King - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Nevada King Gold to buy it.

The correlation of Nevada King is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Nevada King moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Nevada King Gold moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Nevada King can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nevada King 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.

You can also try the Latest Portfolios module to quick portfolio dashboard that showcases your latest portfolios.

Complementary Tools for Nevada Stock analysis

When running Nevada King's price analysis, check to measure Nevada King'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 Nevada King is operating at the current time. Most of Nevada King's value examination focuses on studying past and present price action to predict the probability of Nevada King's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nevada King's price. Additionally, you may evaluate how the addition of Nevada King to your portfolios can decrease your overall portfolio volatility.

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Please note, there is a significant difference between Nevada King's value and its price as these two are different measures arrived at by different means. Investors typically determine if Nevada King is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nevada King's 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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Nevada Total Current Liabilities vs Other Stockholder Equity Analysis

Total Current Liabilities vs Other Stockholder Equity

Total Current Liabilities vs Other Stockholder Equity Correlation Analysis

Correlation Coefficient

Total Current Liabilities

Other Stockholder Equity

Nevada King fundamental ratios Correlations

Nevada King Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Nevada King fundamental ratios Accounts

Pair Trading with Nevada King

Moving against Nevada Stock

Complementary Tools for Nevada Stock analysis

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Total Liab	+ 1.0	Accounts Payable
Common Stock Shares Outstanding	+ 1.0	Common Stock
Total Stockholder Equity	+ 1.0	Total Assets
Net Invested Capital	+ 1.0	Total Assets
Net Invested Capital	+ 1.0	Total Stockholder Equity
Deferred Long Term Liab	+ 1.0	Other Current Assets

Total Liab	- 0.96	Retained Earnings
Accounts Payable	- 0.96	Retained Earnings
Common Stock Shares Outstanding	- 0.95	Retained Earnings
Common Stock	- 0.93	Retained Earnings
Retained Earnings	- 0.93	Net Tangible Assets
Property Plant Equipment	- 0.92	Retained Earnings