Noble Total Stockholder Equity vs Retained Earnings 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 Total Stockholder Equity and its Retained Earnings 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.

Total Stockholder Equity vs Retained Earnings

Total Stockholder Equity vs Retained Earnings Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Noble Mineral Exploration Total Stockholder Equity account and Retained Earnings. At this time, the significance of the direction appears to have no relationship.

The correlation between Noble Mineral's Total Stockholder Equity and Retained Earnings is 0.05. Overlapping area represents the amount of variation of Total Stockholder Equity that can explain the historical movement of Retained Earnings 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 Total Stockholder Equity and Retained Earnings 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 Stockholder Equity of Noble Mineral Exploration are associated (or correlated) with its Retained Earnings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Retained Earnings has no effect on the direction of Total Stockholder Equity i.e., Noble Mineral's Total Stockholder Equity and Retained Earnings go up and down completely randomly.

Correlation Coefficient

0.05

Relationship Direction	Positive
Relationship Strength	Insignificant

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Total Stockholder Equity

The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.

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.

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

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Total Liab	Total Current Assets	Common Stock	Non Currrent Assets Other	Other Current Assets	Inventory	Other Stockholder Equity	Short Long Term Debt Total	Short Term Investments	Short Term Debt	Good Will	Intangible Assets	Net Tangible Assets
Total Assets		-0.45	-0.3	0.86	0.72	0.14	0.01	-0.25	0.58	0.7	0.65	0.22	0.47	0.21	0.66	0.39	-0.64	-0.32	-0.16	0.07	0.39	0.64	0.31	-0.03	-0.03	0.65
Other Current Liab	-0.45		0.75	-0.5	-0.38	-0.1	-0.54	0.32	-0.16	-0.36	-0.26	-0.13	-0.25	0.19	-0.27	-0.15	-0.12	-0.41	-0.14	-0.03	-0.21	-0.28	-0.3	0.08	0.08	-0.48
Total Current Liabilities	-0.3	0.75		-0.47	-0.01	0.22	-0.4	0.36	-0.25	-0.05	-0.38	0.19	-0.48	0.46	-0.38	-0.41	-0.13	-0.51	0.26	0.04	0.13	-0.41	0.23	0.17	0.17	-0.58
Total Stockholder Equity	0.86	-0.5	-0.47		0.44	-0.22	0.05	-0.31	0.67	0.39	0.87	0.03	0.8	-0.22	0.87	0.73	-0.68	-0.14	-0.18	-0.09	0.01	0.87	0.0	-0.41	-0.41	0.93
Property Plant And Equipment Net	0.72	-0.38	-0.01	0.44		0.71	0.06	-0.34	-0.02	0.98	0.0	0.32	0.03	0.65	0.01	-0.09	-0.32	-0.37	-0.01	0.18	0.83	0.0	0.76	0.0	0.0	0.13
Net Debt	0.14	-0.1	0.22	-0.22	0.71		0.14	-0.16	-0.59	0.78	-0.61	0.2	-0.53	0.89	-0.6	-0.64	0.12	-0.22	0.12	0.19	0.94	-0.59	0.85	0.15	0.15	-0.48
Retained Earnings	0.01	-0.54	-0.4	0.05	0.06	0.14		-0.23	0.0	0.07	-0.04	-0.07	-0.11	-0.05	-0.04	-0.15	0.32	0.83	-0.01	-0.48	0.17	-0.02	0.14	-0.09	-0.09	0.1
Accounts Payable	-0.25	0.32	0.36	-0.31	-0.34	-0.16	-0.23		-0.05	-0.34	-0.06	0.56	-0.26	0.05	-0.05	-0.08	0.02	-0.17	-0.13	0.01	-0.22	-0.06	-0.21	0.19	0.19	-0.27
Cash	0.58	-0.16	-0.25	0.67	-0.02	-0.59	0.0	-0.05		-0.07	0.85	0.15	0.5	-0.32	0.86	0.55	-0.46	-0.05	-0.17	-0.08	-0.29	0.78	-0.3	0.0	0.0	0.66
Non Current Assets Total	0.7	-0.36	-0.05	0.39	0.98	0.78	0.07	-0.34	-0.07		-0.05	0.28	-0.01	0.72	-0.04	-0.13	-0.29	-0.36	-0.03	0.18	0.89	-0.06	0.78	0.0	0.0	0.09
Cash And Short Term Investments	0.65	-0.26	-0.38	0.87	0.0	-0.61	-0.04	-0.06	0.85	-0.05		-0.03	0.78	-0.49	1.0	0.79	-0.65	-0.06	-0.23	-0.16	-0.38	0.99	-0.39	-0.28	-0.28	0.91
Net Receivables	0.22	-0.13	0.19	0.03	0.32	0.2	-0.07	0.56	0.15	0.28	-0.03		-0.27	0.4	-0.01	-0.2	0.0	-0.3	-0.12	0.32	0.33	-0.07	0.31	0.2	0.2	-0.16
Common Stock Shares Outstanding	0.47	-0.25	-0.48	0.8	0.03	-0.53	-0.11	-0.26	0.5	-0.01	0.78	-0.27		-0.58	0.78	0.97	-0.63	-0.05	-0.22	-0.29	-0.42	0.81	-0.41	-0.63	-0.63	0.91
Total Liab	0.21	0.19	0.46	-0.22	0.65	0.89	-0.05	0.05	-0.32	0.72	-0.49	0.4	-0.58		-0.48	-0.62	-0.04	-0.44	0.02	0.21	0.91	-0.51	0.77	0.27	0.27	-0.53
Total Current Assets	0.66	-0.27	-0.38	0.87	0.01	-0.6	-0.04	-0.05	0.86	-0.04	1.0	-0.01	0.78	-0.48		0.78	-0.66	-0.07	-0.21	-0.15	-0.37	0.99	-0.37	-0.28	-0.28	0.91
Common Stock	0.39	-0.15	-0.41	0.73	-0.09	-0.64	-0.15	-0.08	0.55	-0.13	0.79	-0.2	0.97	-0.62	0.78		-0.58	-0.04	-0.29	-0.32	-0.52	0.8	-0.52	-0.59	-0.59	0.87
Non Currrent Assets Other	-0.64	-0.12	-0.13	-0.68	-0.32	0.12	0.32	0.02	-0.46	-0.29	-0.65	0.0	-0.63	-0.04	-0.66	-0.58		0.58	0.02	0.25	0.0	-0.66	0.0	0.33	0.33	-0.6
Other Current Assets	-0.32	-0.41	-0.51	-0.14	-0.37	-0.22	0.83	-0.17	-0.05	-0.36	-0.06	-0.3	-0.05	-0.44	-0.07	-0.04	0.58		-0.1	-0.37	-0.26	-0.03	-0.28	-0.06	-0.06	0.07
Inventory	-0.16	-0.14	0.26	-0.18	-0.01	0.12	-0.01	-0.13	-0.17	-0.03	-0.23	-0.12	-0.22	0.02	-0.21	-0.29	0.02	-0.1		0.03	0.06	-0.24	0.47	0.08	0.08	-0.15
Other Stockholder Equity	0.07	-0.03	0.04	-0.09	0.18	0.19	-0.48	0.01	-0.08	0.18	-0.16	0.32	-0.29	0.21	-0.15	-0.32	0.25	-0.37	0.03		0.21	-0.18	0.22	0.34	0.34	-0.23
Short Long Term Debt Total	0.39	-0.21	0.13	0.01	0.83	0.94	0.17	-0.22	-0.29	0.89	-0.38	0.33	-0.42	0.91	-0.37	-0.52	0.0	-0.26	0.06	0.21		-0.39	0.89	0.18	0.18	-0.3
Short Term Investments	0.64	-0.28	-0.41	0.87	0.0	-0.59	-0.02	-0.06	0.78	-0.06	0.99	-0.07	0.81	-0.51	0.99	0.8	-0.66	-0.03	-0.24	-0.18	-0.39		-0.4	-0.32	-0.32	0.92
Short Term Debt	0.31	-0.3	0.23	0.0	0.76	0.85	0.14	-0.21	-0.3	0.78	-0.39	0.31	-0.41	0.77	-0.37	-0.52	0.0	-0.28	0.47	0.22	0.89	-0.4		0.14	0.14	-0.27
Good Will	-0.03	0.08	0.17	-0.41	0.0	0.15	-0.09	0.19	0.0	0.0	-0.28	0.2	-0.63	0.27	-0.28	-0.59	0.33	-0.06	0.08	0.34	0.18	-0.32	0.14		1.0	-0.52
Intangible Assets	-0.03	0.08	0.17	-0.41	0.0	0.15	-0.09	0.19	0.0	0.0	-0.28	0.2	-0.63	0.27	-0.28	-0.59	0.33	-0.06	0.08	0.34	0.18	-0.32	0.14	1.0		-0.52
Net Tangible Assets	0.65	-0.48	-0.58	0.93	0.13	-0.48	0.1	-0.27	0.66	0.09	0.91	-0.16	0.91	-0.53	0.91	0.87	-0.6	0.07	-0.15	-0.23	-0.3	0.92	-0.27	-0.52	-0.52

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Noble Mineral Account Relationship Matchups

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

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