NioCorp Short Long Term Debt vs Net Tangible Assets Analysis
| NB Stock | 2.55 0.06 2.30% |
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 Short Long Term Debt and its Net Tangible Assets 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.
Short Long Term Debt vs Net Tangible Assets
Short Long Term Debt vs Net Tangible Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of NioCorp Developments Short Long Term Debt account and Net Tangible Assets. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between NioCorp Developments' Short Long Term Debt and Net Tangible Assets is -0.11. Overlapping area represents the amount of variation of Short Long Term Debt that can explain the historical movement of Net Tangible Assets 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' Short Long Term Debt and Net Tangible Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Short Long Term Debt of NioCorp Developments Ltd are associated (or correlated) with its Net Tangible Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Tangible Assets has no effect on the direction of Short Long Term Debt i.e., NioCorp Developments' Short Long Term Debt and Net Tangible Assets go up and down completely randomly.
Correlation Coefficient | -0.11 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Short Long Term Debt
The total of a company’s short-term and long-term borrowings.Net Tangible Assets
The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.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
Click cells to compare fundamentals
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 |
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 NioCorp Developments 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, NioCorp Developments' short interest history, or implied volatility extrapolated from NioCorp Developments 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 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.