Noble Cash vs Other Current Liab Analysis
NOB Stock | CAD 0.04 0.01 10.00% |
Noble Mineral financial indicator trend analysis is infinitely more than just investigating Noble Mineral Exploration recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Noble Mineral Exploration is a good investment. Please check the relationship between Noble Mineral Cash and its Other Current Liab accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Noble Mineral Exploration. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Cash vs Other Current Liab
Cash vs Other Current Liab Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Noble Mineral Exploration Cash account and Other Current Liab. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Noble Mineral's Cash and Other Current Liab is -0.16. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Other Current Liab in the same time period over historical financial statements of Noble Mineral Exploration, assuming nothing else is changed. The correlation between historical values of Noble Mineral's Cash and Other Current Liab is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash of Noble Mineral Exploration are associated (or correlated) with its Other Current Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Liab has no effect on the direction of Cash i.e., Noble Mineral's Cash and Other Current Liab go up and down completely randomly.
Correlation Coefficient | -0.16 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Cash
Cash refers to the most liquid asset of Noble Mineral Exploration, which is listed under current asset account on Noble Mineral Exploration balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Noble Mineral customers. The amounts must be unrestricted with restricted cash listed in a different Noble Mineral account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.Other Current Liab
Most indicators from Noble Mineral's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Noble Mineral Exploration 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 Noble Mineral Exploration. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. At this time, Noble Mineral's Issuance Of Capital Stock is fairly stable compared to the past year. Sales General And Administrative To Revenue is likely to climb to 0.36 in 2024, whereas Selling General Administrative is likely to drop slightly above 1 M in 2024.
Noble Mineral fundamental ratios Correlations
Click cells to compare fundamentals
Noble Mineral Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Noble Mineral fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 9.7M | 14.6M | 11.6M | 9.7M | 11.2M | 5.7M | |
Other Current Liab | 630.1K | 632.2K | 738.0K | 410.1K | 471.6K | 773.2K | |
Total Current Liabilities | 964.9K | 883.9K | 738.2K | 410.3K | 471.9K | 916.6K | |
Total Stockholder Equity | 8.7M | 13.7M | 10.9M | 9.3M | 10.7M | 11.3M | |
Property Plant And Equipment Net | 3.2M | 4.1M | 3.3M | 4.9M | 5.6M | 3.0M | |
Net Debt | (41.8K) | (1.9M) | (2.2M) | (548.3K) | (493.5K) | (468.8K) | |
Retained Earnings | (22.3M) | (20.6M) | (17.2M) | (19.5M) | (17.5M) | (18.4M) | |
Accounts Payable | 334.8K | 138.89 | 248.86 | 224.39 | 201.95 | 191.85 | |
Cash | 376.7K | 2.1M | 2.2M | 548.3K | 630.5K | 494.0K | |
Non Current Assets Total | 3.2M | 4.1M | 3.3M | 4.9M | 5.6M | 3.4M | |
Cash And Short Term Investments | 6.5M | 10.5M | 8.3M | 4.8M | 5.5M | 5.8M | |
Net Receivables | 70.4K | 36.4K | 59.4K | 13.9K | 16.0K | 15.2K | |
Common Stock Shares Outstanding | 139.2M | 164.9M | 204.2M | 223.1M | 256.6M | 269.4M | |
Liabilities And Stockholders Equity | 9.7M | 14.6M | 11.6M | 9.7M | 11.2M | 5.7M | |
Total Liab | 964.9K | 883.9K | 738.2K | 410.3K | 471.9K | 448.3K | |
Total Current Assets | 6.5M | 10.6M | 8.3M | 4.9M | 5.6M | 5.9M | |
Common Stock | 15.6M | 20.4M | 25.2M | 25.8M | 29.7M | 31.2M | |
Other Current Assets | 2.5K | 20.4K | 17.2K | 31.6K | 28.4K | 27.0K | |
Other Stockholder Equity | 17.1M | 15.4M | 13.9M | 2.9M | 3.3M | 3.1M | |
Accumulated Other Comprehensive Income | 15.4M | 13.9M | 2.9M | 3.0M | 3.4M | 3.2M | |
Short Term Investments | 6.1M | 8.4M | 6.1M | 4.3M | 4.9M | 5.1M | |
Net Tangible Assets | 4.3M | 8.7M | 13.7M | 10.9M | 12.5M | 13.1M | |
Property Plant Equipment | 3.2M | 3.2M | 4.1M | 3.3M | 3.8M | 3.0M | |
Net Invested Capital | 9.1M | 14.0M | 10.9M | 9.3M | 10.7M | 8.4M | |
Net Working Capital | 5.6M | 9.7M | 7.6M | 4.4M | 5.1M | 4.7M | |
Capital Stock | 15.6M | 20.4M | 25.2M | 25.8M | 29.7M | 16.0M |
Thematic Opportunities
Explore Investment Opportunities
Additional Tools for Noble Stock Analysis
When running Noble Mineral's price analysis, check to measure Noble Mineral'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 Noble Mineral is operating at the current time. Most of Noble Mineral's value examination focuses on studying past and present price action to predict the probability of Noble Mineral's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Noble Mineral's price. Additionally, you may evaluate how the addition of Noble Mineral to your portfolios can decrease your overall portfolio volatility.