NioCorp Net Tangible Assets vs Current Deferred Revenue Analysis
| NB Stock | 1.41 0.01 0.71% |
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 Net Tangible Assets and its Current Deferred Revenue 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 closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.
Net Tangible Assets vs Current Deferred Revenue
Net Tangible Assets vs Current Deferred Revenue Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of NioCorp Developments Net Tangible Assets account and Current Deferred Revenue. At this time, the significance of the direction appears to have almost no relationship.
The correlation between NioCorp Developments' Net Tangible Assets and Current Deferred Revenue is 0.16. Overlapping area represents the amount of variation of Net Tangible Assets that can explain the historical movement of Current Deferred Revenue 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' Net Tangible Assets and Current Deferred Revenue is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Tangible Assets of NioCorp Developments Ltd are associated (or correlated) with its Current Deferred Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Current Deferred Revenue has no effect on the direction of Net Tangible Assets i.e., NioCorp Developments' Net Tangible Assets and Current Deferred Revenue go up and down completely randomly.
Correlation Coefficient | 0.16 |
| Relationship Direction | Positive |
| Relationship Strength | Insignificant |
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.Current Deferred Revenue
Revenue that has been collected but not yet earned, typically from prepaid service contracts or subscriptions. This amount is considered a liability until the service is provided or the subscription period ends.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 closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics. The current year's Tax Provision is expected to grow to about (132.1 K). In addition to that, Selling General Administrative is expected to decline to about 3.1 M
NioCorp Developments fundamental ratios Correlations
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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 | 20.1M | 20.2M | |
| Total Current Liabilities | 8.0M | 3.9M | 5.1M | 3.6M | 12.0M | 6.9M | |
| Total Stockholder Equity | 2.6M | 13.2M | 17.7M | (11.0M) | 1M | 950K | |
| Net Debt | 5.0M | 3.5M | (1.0M) | 8.5M | 5.8M | 4.5M | |
| Retained Earnings | (94.7M) | (99.5M) | (110.4M) | (150.5M) | (161.9M) | (170.0M) | |
| Cash | 307K | 7.3M | 5.3M | 2.3M | 2.0M | 3.2M | |
| Non Current Assets Total | 10.7M | 17.1M | 17.1M | 17.2M | 17.1M | 16.5M | |
| Common Stock Shares Outstanding | 23.5M | 24.2M | 26.4M | 28.7M | 34.3M | 29.4M | |
| Non Current Liabilities Total | 344K | 7.3M | 23K | 26.2M | 5.6M | 7.4M | |
| Total Liab | 8.4M | 11.3M | 5.1M | 29.8M | 17.5M | 14.3M | |
| Net Invested Capital | 7.9M | 23.9M | 21.8M | (406K) | 8.7M | 9.3M | |
| Long Term Investments | 7K | 16K | 10K | 9K | 4K | 6.8K | |
| Short Long Term Debt | 4.9M | 3.4M | 2.8M | 7.7M | 8.8M | 4.6M | |
| Total Current Assets | 338K | 7.3M | 5.7M | 3.7M | 2.9M | 3.7M | |
| Capital Stock | 84.5M | 113.9M | 129.1M | 140.4M | 163.8M | 131.0M | |
| Net Working Capital | (7.7M) | 3.4M | 2.0M | 164K | (9.0M) | (8.6M) |
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Is Diversified Metals & Mining space 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 (0.31) | Return On Assets (0.42) | 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.