| NBR Stock | | | CAD 0.06 0.01 14.29% |
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 Cash and its Long Term Debt 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.
Cash vs Long Term Debt
Cash vs Long Term Debt Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Nubian Resources Cash account and
Long Term Debt. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Nubian Resources' Cash and Long Term Debt is -0.44. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Long Term Debt 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' Cash and Long Term Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash of Nubian Resources are associated (or correlated) with its Long Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Long Term Debt has no effect on the direction of Cash i.e., Nubian Resources' Cash and Long Term Debt go up and down completely randomly.
Correlation Coefficient | -0.44 |
| Relationship Direction | Negative |
| Relationship Strength | Very Weak |
Cash
Cash refers to the most liquid asset of Nubian Resources, which is listed under current asset account on Nubian Resources balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Nubian Resources customers. The amounts must be unrestricted with restricted cash listed in a different Nubian Resources account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.
Long Term Debt
Long-term debt is a debt that Nubian Resources has held for over one year. Long-term debt appears on Nubian Resources balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on Nubian Resources balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.
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.
Nubian Resources fundamental ratios Correlations
Click cells to compare fundamentals
Nubian Resources Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Nubian Resources fundamental ratios Accounts
Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
Additional Tools for Nubian Stock Analysis
When running Nubian Resources' price analysis, check to
measure Nubian Resources' 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 Nubian Resources is operating at the current time. Most of Nubian Resources' value examination focuses on studying past and present price action to
predict the probability of Nubian Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nubian Resources' price. Additionally, you may evaluate how the addition of Nubian Resources to your portfolios can decrease your overall portfolio volatility.