Nubian Capex To Depreciation vs Ptb Ratio Analysis

NBR Stock  CAD 0.07  0.01  16.67%   
Nubian Resources financial indicator trend analysis is infinitely more than just investigating Nubian Resources recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Nubian Resources is a good investment. Please check the relationship between Nubian Resources Capex To Depreciation and its Ptb Ratio accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nubian Resources. 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.

Capex To Depreciation vs Ptb Ratio

Capex To Depreciation vs Ptb Ratio Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Nubian Resources Capex To Depreciation account and Ptb Ratio. At this time, the significance of the direction appears to have no relationship.
The correlation between Nubian Resources' Capex To Depreciation and Ptb Ratio is 0.08. Overlapping area represents the amount of variation of Capex To Depreciation that can explain the historical movement of Ptb Ratio in the same time period over historical financial statements of Nubian Resources, assuming nothing else is changed. The correlation between historical values of Nubian Resources' Capex To Depreciation and Ptb Ratio is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Capex To Depreciation of Nubian Resources are associated (or correlated) with its Ptb Ratio. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Ptb Ratio has no effect on the direction of Capex To Depreciation i.e., Nubian Resources' Capex To Depreciation and Ptb Ratio go up and down completely randomly.

Correlation Coefficient

0.08
Relationship DirectionPositive 
Relationship StrengthInsignificant

Capex To Depreciation

The ratio of a company's capital expenditures to its depreciation expenses, indicating how much the company is investing in physical assets relative to the aging of existing assets.

Ptb Ratio

Price-to-Book ratio, a financial valuation metric used to compare a company's current market price to its book value. It provides insight into the value that market participants place on the company's equity relative to its net asset value.
Most indicators from Nubian Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Nubian Resources 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 Nubian Resources. 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, Nubian Resources' Selling General Administrative is fairly stable compared to the past year. Discontinued Operations is likely to climb to about 19.3 K in 2024, whereas Enterprise Value Over EBITDA is likely to drop (8.94) in 2024.
 2021 2022 2023 2024 (projected)
Other Operating Expenses648.2K412.9K371.6K474.0K
Depreciation And Amortization1.6K627.0564.3536.09

Nubian Resources fundamental ratios Correlations

-0.230.121.00.990.09-0.39-0.180.310.460.990.97-0.120.95-0.5-0.050.970.66-0.27-0.550.260.870.90.98-0.590.9
-0.230.64-0.26-0.2-0.59-0.520.490.090.46-0.2-0.27-0.1-0.29-0.440.59-0.270.080.090.340.43-0.09-0.16-0.330.26-0.15
0.120.640.080.13-0.17-0.670.040.390.780.130.11-0.1-0.01-0.20.950.120.09-0.050.410.420.040.02-0.070.030.02
1.0-0.260.080.990.1-0.36-0.180.30.430.990.97-0.120.95-0.5-0.090.970.66-0.27-0.570.240.870.90.98-0.60.9
0.99-0.20.130.990.09-0.43-0.20.380.491.00.93-0.170.96-0.52-0.040.930.61-0.24-0.570.290.870.890.98-0.610.9
0.09-0.59-0.170.10.090.04-0.850.290.010.090.070.120.210.35-0.10.09-0.460.120.160.080.060.130.1-0.30.12
-0.39-0.52-0.67-0.36-0.430.040.21-0.79-0.96-0.43-0.30.28-0.420.53-0.49-0.3-0.070.09-0.06-0.87-0.43-0.5-0.280.51-0.51
-0.180.490.04-0.18-0.2-0.850.21-0.55-0.27-0.2-0.130.04-0.35-0.20.01-0.140.56-0.160.0-0.35-0.18-0.27-0.180.49-0.26
0.310.090.390.30.380.29-0.79-0.550.780.380.23-0.420.43-0.120.320.21-0.2-0.29-0.050.80.450.490.28-0.530.51
0.460.460.780.430.490.01-0.96-0.270.780.490.38-0.220.45-0.430.640.390.09-0.160.060.810.470.510.32-0.440.51
0.99-0.20.130.991.00.09-0.43-0.20.380.490.93-0.170.96-0.52-0.040.930.61-0.24-0.570.290.860.890.98-0.610.9
0.97-0.270.110.970.930.07-0.3-0.130.230.380.93-0.160.89-0.48-0.050.990.73-0.27-0.50.180.830.860.94-0.570.86
-0.12-0.1-0.1-0.12-0.170.120.280.04-0.42-0.22-0.17-0.16-0.240.4-0.07-0.05-0.18-0.180.05-0.19-0.14-0.14-0.170.48-0.19
0.95-0.29-0.010.950.960.21-0.42-0.350.430.450.960.89-0.24-0.55-0.190.880.49-0.11-0.610.350.850.910.97-0.750.91
-0.5-0.44-0.2-0.5-0.520.350.53-0.2-0.12-0.43-0.52-0.480.4-0.550.02-0.45-0.55-0.340.26-0.4-0.45-0.49-0.50.57-0.51
-0.050.590.95-0.09-0.04-0.1-0.490.010.320.64-0.04-0.05-0.07-0.190.02-0.05-0.06-0.070.480.29-0.08-0.16-0.230.24-0.15
0.97-0.270.120.970.930.09-0.3-0.140.210.390.930.99-0.050.88-0.45-0.050.71-0.3-0.490.190.840.860.93-0.530.86
0.660.080.090.660.61-0.46-0.070.56-0.20.090.610.73-0.180.49-0.55-0.060.71-0.28-0.32-0.130.530.50.64-0.170.51
-0.270.09-0.05-0.27-0.240.120.09-0.16-0.29-0.16-0.24-0.27-0.18-0.11-0.34-0.07-0.3-0.280.16-0.19-0.49-0.4-0.25-0.27-0.39
-0.550.340.41-0.57-0.570.16-0.060.0-0.050.06-0.57-0.50.05-0.610.260.48-0.49-0.320.16-0.02-0.56-0.56-0.650.31-0.56
0.260.430.420.240.290.08-0.87-0.350.80.810.290.18-0.190.35-0.40.290.19-0.13-0.19-0.020.510.540.2-0.420.55
0.87-0.090.040.870.870.06-0.43-0.180.450.470.860.83-0.140.85-0.45-0.080.840.53-0.49-0.560.510.960.87-0.430.97
0.9-0.160.020.90.890.13-0.5-0.270.490.510.890.86-0.140.91-0.49-0.160.860.5-0.4-0.560.540.960.9-0.61.0
0.98-0.33-0.070.980.980.1-0.28-0.180.280.320.980.94-0.170.97-0.5-0.230.930.64-0.25-0.650.20.870.9-0.610.91
-0.590.260.03-0.6-0.61-0.30.510.49-0.53-0.44-0.61-0.570.48-0.750.570.24-0.53-0.17-0.270.31-0.42-0.43-0.6-0.61-0.62
0.9-0.150.020.90.90.12-0.51-0.260.510.510.90.86-0.190.91-0.51-0.150.860.51-0.39-0.560.550.971.00.91-0.62
Click cells to compare fundamentals

Nubian Resources Account Relationship Matchups

Nubian Resources fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets2.6M11.7M18.2M12.9M14.9M15.6M
Other Current Liab349.8K451.7K138.1K75.9K68.3K64.9K
Total Current Liabilities349.8K1.1M872.2K75.9K87.3K83.0K
Total Stockholder Equity2.3M10.5M17.3M12.8M14.8M15.5M
Property Plant And Equipment Net1.0M8.2M9.1M7.8M9.0M9.4M
Net Debt(1.3M)(2.4M)(672.9K)(236.3K)(212.6K)(223.3K)
Retained Earnings(18.4M)(20.1M)(16.1M)(16.5M)(14.9M)(15.6M)
Accounts Payable50.0K290.6K438.9K138.1K158.8K163.9K
Cash1.3M3.1M1.4M236.3K271.7K494.4K
Non Current Assets Total1.0M8.3M9.1M7.9M9.1M9.5M
Cash And Short Term Investments1.3M3.1M8.9M4.9M5.6M5.9M
Net Receivables23.6K43.7K112.2K89.4K80.5K144.9K
Common Stock Shares Outstanding31.4M59.6M64.5M64.3M74.0M77.7M
Liabilities And Stockholders Equity2.6M11.7M18.2M12.9M14.9M15.6M
Other Stockholder Equity2.1M2.7M3.9M3.8M3.5M3.3M
Total Liab349.8K1.1M872.2K75.9K87.3K83.0K
Total Current Assets1.6M3.4M9.1M5.0M5.8M6.1M
Accumulated Other Comprehensive Income2.7M3.9M2.8M(425K)(488.8K)(464.3K)
Non Currrent Assets Other942.9K1.1M75.4K77.7K70.0K66.5K
Other Current Assets286.6K255.8K38.9K28.2K32.5K63.4K
Short Long Term Debt Total53.1K44.3K683.5K734.1K844.2K886.4K
Short Term Debt11.3K10.4K683.5K734.1K844.2K886.4K
Net Tangible Assets861.2K2.3M10.5M17.3M19.9M20.9M
Short Long Term Debt11.3K10.4K683.5K734.1K844.2K886.4K
Common Stock18.0M26.7M26.8M26.0M29.9M20.4M
Property Plant Equipment1.1M1.0M8.2M9.1M10.4M10.9M
Net Invested Capital2.3M11.2M18.1M12.8M14.8M15.5M
Net Working Capital1.2M2.2M8.2M5.0M5.7M6.0M
Capital Stock18.0M26.7M26.8M26.0M29.9M23.7M

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