New Net Receivables vs Total Current Liabilities Analysis

NAM Stock  CAD 0.09  0.01  5.56%   
New Age financial indicator trend analysis is infinitely more than just investigating New Age Metals recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether New Age Metals is a good investment. Please check the relationship between New Age Net Receivables and its Total Current Liabilities accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in New Age Metals. 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.

Net Receivables vs Total Current Liabilities

Net Receivables vs Total Current Liabilities Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of New Age Metals Net Receivables account and Total Current Liabilities. At this time, the significance of the direction appears to have strong relationship.
The correlation between New Age's Net Receivables and Total Current Liabilities is 0.75. Overlapping area represents the amount of variation of Net Receivables that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of New Age Metals, assuming nothing else is changed. The correlation between historical values of New Age's Net Receivables and Total Current Liabilities 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 Receivables of New Age Metals are associated (or correlated) with its Total Current Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Liabilities has no effect on the direction of Net Receivables i.e., New Age's Net Receivables and Total Current Liabilities go up and down completely randomly.

Correlation Coefficient

0.75
Relationship DirectionPositive 
Relationship StrengthSignificant

Net Receivables

Total Current Liabilities

Total Current Liabilities is an item on New Age balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of New Age Metals 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.
Most indicators from New Age's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into New Age Metals 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 New Age Metals. 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, New Age's Selling General Administrative is fairly stable compared to the past year. Enterprise Value is likely to climb to about 10.7 M in 2024, whereas Issuance Of Capital Stock is likely to drop 0.00 in 2024.
 2021 2022 2023 2024 (projected)
Other Operating Expenses1.4M869.0K782.1K1.1M
Depreciation And Amortization38.6K57.9K66.6K34.6K

New Age fundamental ratios Correlations

0.430.990.85-0.71-0.180.360.630.850.430.730.640.49-0.23-0.05-0.190.790.330.340.420.20.880.39-0.24-0.240.73
0.430.380.6-0.41-0.340.990.10.580.580.220.750.01-0.38-0.060.550.370.13-0.070.20.150.620.53-0.93-0.930.66
0.990.380.85-0.69-0.190.30.640.840.440.730.590.51-0.26-0.06-0.290.780.310.370.410.230.870.42-0.2-0.20.68
0.850.60.85-0.37-0.160.560.211.00.370.330.750.27-0.090.13-0.040.440.080.420.060.290.830.31-0.52-0.520.57
-0.71-0.41-0.69-0.370.25-0.33-0.95-0.36-0.59-0.97-0.48-0.550.530.350.0-0.99-0.520.12-0.790.04-0.74-0.570.290.29-0.71
-0.18-0.34-0.19-0.160.25-0.32-0.17-0.14-0.67-0.18-0.38-0.560.64-0.040.03-0.240.410.38-0.36-0.8-0.04-0.590.250.25-0.53
0.360.990.30.56-0.33-0.320.010.550.560.120.76-0.01-0.36-0.090.580.280.01-0.150.120.110.580.51-0.94-0.940.64
0.630.10.640.21-0.95-0.170.010.20.460.980.260.62-0.46-0.36-0.210.950.53-0.090.78-0.070.590.450.010.010.54
0.850.580.841.0-0.36-0.140.550.20.340.320.730.25-0.060.15-0.050.430.080.440.050.280.830.29-0.51-0.510.55
0.430.580.440.37-0.59-0.670.560.460.340.470.570.69-0.89-0.58-0.030.55-0.07-0.460.50.270.530.91-0.48-0.480.76
0.730.220.730.33-0.97-0.180.120.980.320.470.330.57-0.45-0.3-0.170.990.570.010.78-0.020.670.47-0.07-0.070.62
0.640.750.590.75-0.48-0.380.760.260.730.570.330.46-0.34-0.090.390.48-0.07-0.180.130.150.760.46-0.69-0.690.81
0.490.010.510.27-0.55-0.56-0.010.620.250.690.570.46-0.66-0.46-0.320.57-0.1-0.390.410.240.390.590.090.090.62
-0.23-0.38-0.26-0.090.530.64-0.36-0.46-0.06-0.89-0.45-0.34-0.660.580.2-0.470.050.52-0.46-0.22-0.32-0.960.280.28-0.59
-0.05-0.06-0.060.130.35-0.04-0.09-0.360.15-0.58-0.3-0.09-0.460.580.08-0.29-0.140.53-0.30.48-0.24-0.520.00.0-0.32
-0.190.55-0.29-0.040.00.030.58-0.21-0.05-0.03-0.170.39-0.320.20.08-0.070.07-0.34-0.03-0.260.03-0.2-0.59-0.590.23
0.790.370.780.44-0.99-0.240.280.950.430.550.990.480.57-0.47-0.29-0.070.54-0.010.760.020.760.52-0.21-0.210.72
0.330.130.310.08-0.520.410.010.530.08-0.070.57-0.07-0.10.05-0.140.070.540.390.36-0.410.340.0-0.02-0.020.09
0.34-0.070.370.420.120.38-0.15-0.090.44-0.460.01-0.18-0.390.520.53-0.34-0.010.39-0.250.170.14-0.350.130.13-0.31
0.420.20.410.06-0.79-0.360.120.780.050.50.780.130.41-0.46-0.3-0.030.760.36-0.250.10.390.42-0.09-0.090.53
0.20.150.230.290.04-0.80.11-0.070.280.27-0.020.150.24-0.220.48-0.260.02-0.410.170.1-0.090.24-0.08-0.080.17
0.880.620.870.83-0.74-0.040.580.590.830.530.670.760.39-0.32-0.240.030.760.340.140.39-0.090.5-0.54-0.540.73
0.390.530.420.31-0.57-0.590.510.450.290.910.470.460.59-0.96-0.52-0.20.520.0-0.350.420.240.5-0.43-0.430.64
-0.24-0.93-0.2-0.520.290.25-0.940.01-0.51-0.48-0.07-0.690.090.280.0-0.59-0.21-0.020.13-0.09-0.08-0.54-0.431.0-0.46
-0.24-0.93-0.2-0.520.290.25-0.940.01-0.51-0.48-0.07-0.690.090.280.0-0.59-0.21-0.020.13-0.09-0.08-0.54-0.431.0-0.46
0.730.660.680.57-0.71-0.530.640.540.550.760.620.810.62-0.59-0.320.230.720.09-0.310.530.170.730.64-0.46-0.46
Click cells to compare fundamentals

New Age Account Relationship Matchups

New Age fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets4.7M12.9M15.1M14.6M15.4M9.4M
Total Current Liabilities101.5K337.4K283.2K289.0K1.8M1.9M
Total Stockholder Equity4.6M12.5M14.8M14.2M13.6M8.7M
Property Plant And Equipment Net2.7M3.3M6.9M9.2M9.7M10.2M
Net Debt(1.8M)(8.6M)(7.2M)(4.1M)(4.7M)(5.0M)
Retained Earnings(47.5M)(48.3M)(49.5M)(50.1M)(50.8M)(48.2M)
Accounts Payable46.0K45.6K222.4K118.1K1.6M1.7M
Cash1.8M8.6M7.2M4.3M2.3M2.7M
Non Current Assets Total2.7M3.3M6.9M9.2M9.7M10.2M
Cash And Short Term Investments1.9M8.9M7.3M4.5M4.0M3.2M
Net Receivables63.9K100.2K762.9K796.8K916.3K962.1K
Common Stock Shares Outstanding103.2M111.0M209.0M222.1M55.6M48.0M
Liabilities And Stockholders Equity4.7M12.9M15.1M14.6M16.8M9.1M
Other Stockholder Equity14.5M17.1M18.2M18.2M20.9M25.0M
Total Liab113.3K337.4K283.2K404.0K1.9M2.0M
Total Current Assets2.1M9.6M8.2M5.4M5.8M4.8M
Other Current Liab21.9K263.0K60.9K141.6K127.4K121.0K
Short Term Investments109.4K237.2K134.9K222.5K231.8K220.2K
Other Current Assets61.7K570.5K136.8K133.6K153.6K115.6K
Accumulated Other Comprehensive Income14.5M17.1M18.2M18.2M20.9M22.0M
Net Tangible Assets4.6M12.5M14.8M14.2M16.4M17.2M
Common Stock37.7M43.7M46.1M46.1M53.0M42.5M
Property Plant Equipment2.7M3.3M6.9M9.2M10.6M11.1M
Net Invested Capital4.6M12.5M14.8M14.2M13.6M9.5M
Net Working Capital2.0M9.2M7.9M5.1M4.0M4.6M
Capital Stock37.7M43.7M46.1M46.1M46.1M47.0M

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