Newcore Free Cash Flow Per Share vs Average Payables Analysis

NCAU Stock

CAD 0.31 0.01 3.13%

Newcore Gold financial indicator trend analysis is infinitely more than just investigating Newcore Gold recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Newcore Gold is a good investment. Please check the relationship between Newcore Gold Free Cash Flow Per Share and its Average Payables accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Newcore Gold. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment.

Free Cash Flow Per Share vs Average Payables

Free Cash Flow Per Share vs Average Payables Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Newcore Gold Free Cash Flow Per Share account and Average Payables. At this time, the significance of the direction appears to have no relationship.

The correlation between Newcore Gold's Free Cash Flow Per Share and Average Payables is 0.04. Overlapping area represents the amount of variation of Free Cash Flow Per Share that can explain the historical movement of Average Payables in the same time period over historical financial statements of Newcore Gold, assuming nothing else is changed. The correlation between historical values of Newcore Gold's Free Cash Flow Per Share and Average Payables is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Free Cash Flow Per Share of Newcore Gold are associated (or correlated) with its Average Payables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Average Payables has no effect on the direction of Free Cash Flow Per Share i.e., Newcore Gold's Free Cash Flow Per Share and Average Payables go up and down completely randomly.

Correlation Coefficient

0.04

Relationship Direction	Positive
Relationship Strength	Insignificant

View All Relationships

Free Cash Flow Per Share

The amount of cash a company generates after accounting for capital expenditures, divided by the number of outstanding shares. It represents the cash available for dividends, share buybacks, or debt repayment per share.

Average Payables

The average amount owed to suppliers and creditors over a specific period, reflecting the company's payment cycle and credit terms with suppliers.

Most indicators from Newcore Gold's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Newcore Gold 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 Newcore Gold. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment.

At this time, Newcore Gold's Selling General Administrative is fairly stable compared to the past year. Issuance Of Capital Stock is likely to climb to about 6.3 M in 2024, whereas Enterprise Value Over EBITDA is likely to drop (9.76) in 2024.

	2021	2022	2023	2024 (projected)
Interest Income	25.0K	37.7K	181.3K	190.3K
Net Interest Income	25.0K	37.7K	181.3K	190.3K

Interest Income Net Interest Income

Newcore Gold fundamental ratios Correlations

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Net Receivables	Short Term Investments	Non Current Liabilities Total	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Non Current Liabilities Other	Common Stock	Property Plant Equipment	Common Stock Shares Outstanding	Net Invested Capital	Net Working Capital	Capital Stock	Property Plant And Equipment Net
Total Assets		0.54	1.0	0.56	0.99	-0.92	0.54	0.65	0.97	0.89	0.93	0.94	0.34	-0.52	-0.63	0.94	0.49	0.6	0.66	0.94	0.9	0.97	1.0	0.54	0.99	0.95
Total Current Liabilities	0.54		0.52	-0.1	0.57	-0.32	1.0	0.14	0.35	0.36	0.49	0.56	0.9	0.1	-0.5	0.37	1.0	0.89	0.47	0.46	0.3	0.39	0.51	0.84	0.47	0.3
Total Stockholder Equity	1.0	0.52		0.57	0.99	-0.93	0.52	0.65	0.97	0.89	0.93	0.94	0.31	-0.53	-0.63	0.95	0.46	0.57	0.65	0.94	0.9	0.98	1.0	0.51	1.0	0.96
Other Liab	0.56	-0.1	0.57		0.53	-0.75	-0.1	0.93	0.59	0.67	0.65	0.64	-0.26	-0.98	-0.32	0.67	-0.18	0.15	0.41	0.69	0.73	0.71	0.59	0.15	0.63	0.66
Net Tangible Assets	0.99	0.57	0.99	0.53		-0.87	0.57	0.6	0.96	0.84	0.88	0.9	0.36	-0.47	-0.61	0.94	0.52	0.59	0.63	0.89	0.85	0.96	0.98	0.53	0.97	0.92
Retained Earnings	-0.92	-0.32	-0.93	-0.75	-0.87		-0.32	-0.84	-0.92	-0.98	-0.98	-0.95	-0.08	0.76	0.66	-0.92	-0.25	-0.45	-0.72	-0.98	-0.98	-0.94	-0.94	-0.39	-0.95	-0.96
Accounts Payable	0.54	1.0	0.52	-0.1	0.57	-0.32		0.14	0.35	0.36	0.49	0.56	0.9	0.1	-0.5	0.37	1.0	0.89	0.47	0.46	0.3	0.39	0.51	0.84	0.47	0.3
Cash	0.65	0.14	0.65	0.93	0.6	-0.84	0.14		0.62	0.8	0.81	0.8	-0.02	-0.95	-0.54	0.69	0.05	0.41	0.61	0.82	0.81	0.75	0.67	0.38	0.71	0.7
Non Current Assets Total	0.97	0.35	0.97	0.59	0.96	-0.92	0.35	0.62		0.9	0.89	0.87	0.11	-0.55	-0.58	0.96	0.3	0.38	0.6	0.9	0.92	0.97	0.97	0.31	0.98	0.99
Non Currrent Assets Other	0.89	0.36	0.89	0.67	0.84	-0.98	0.36	0.8	0.9		0.98	0.93	0.08	-0.69	-0.77	0.91	0.3	0.43	0.81	0.96	0.96	0.89	0.9	0.34	0.91	0.93
Other Assets	0.93	0.49	0.93	0.65	0.88	-0.98	0.49	0.81	0.89	0.98		0.98	0.24	-0.67	-0.77	0.9	0.42	0.58	0.81	0.98	0.96	0.91	0.93	0.5	0.94	0.92
Net Receivables	0.94	0.56	0.94	0.64	0.9	-0.95	0.56	0.8	0.87	0.93	0.98		0.36	-0.66	-0.66	0.86	0.5	0.68	0.7	0.99	0.94	0.92	0.95	0.63	0.95	0.9
Short Term Investments	0.34	0.9	0.31	-0.26	0.36	-0.08	0.9	-0.02	0.11	0.08	0.24	0.36		0.27	-0.3	0.11	0.91	0.9	0.26	0.22	0.03	0.19	0.3	0.9	0.26	0.05
Non Current Liabilities Total	-0.52	0.1	-0.53	-0.98	-0.47	0.76	0.1	-0.95	-0.55	-0.69	-0.67	-0.66	0.27		0.33	-0.61	0.19	-0.16	-0.42	-0.71	-0.75	-0.66	-0.55	-0.16	-0.6	-0.64
Other Current Assets	-0.63	-0.5	-0.63	-0.32	-0.61	0.66	-0.5	-0.54	-0.58	-0.77	-0.77	-0.66	-0.3	0.33		-0.67	-0.46	-0.51	-1.0	-0.65	-0.58	-0.58	-0.62	-0.38	-0.61	-0.56
Other Stockholder Equity	0.94	0.37	0.95	0.67	0.94	-0.92	0.37	0.69	0.96	0.91	0.9	0.86	0.11	-0.61	-0.67		0.31	0.41	0.7	0.89	0.89	0.96	0.94	0.33	0.95	0.94
Total Liab	0.49	1.0	0.46	-0.18	0.52	-0.25	1.0	0.05	0.3	0.3	0.42	0.5	0.91	0.19	-0.46	0.31		0.86	0.43	0.39	0.23	0.33	0.45	0.81	0.41	0.24
Total Current Assets	0.6	0.89	0.57	0.15	0.59	-0.45	0.89	0.41	0.38	0.43	0.58	0.68	0.9	-0.16	-0.51	0.41	0.86		0.5	0.57	0.39	0.5	0.57	0.99	0.55	0.36
Non Current Liabilities Other	0.66	0.47	0.65	0.41	0.63	-0.72	0.47	0.61	0.6	0.81	0.81	0.7	0.26	-0.42	-1.0	0.7	0.43	0.5		0.69	0.64	0.62	0.65	0.38	0.64	0.6
Common Stock	0.94	0.46	0.94	0.69	0.89	-0.98	0.46	0.82	0.9	0.96	0.98	0.99	0.22	-0.71	-0.65	0.89	0.39	0.57	0.69		0.98	0.93	0.95	0.51	0.96	0.94
Property Plant Equipment	0.9	0.3	0.9	0.73	0.85	-0.98	0.3	0.81	0.92	0.96	0.96	0.94	0.03	-0.75	-0.58	0.89	0.23	0.39	0.64	0.98		0.92	0.92	0.33	0.93	0.96
Common Stock Shares Outstanding	0.97	0.39	0.98	0.71	0.96	-0.94	0.39	0.75	0.97	0.89	0.91	0.92	0.19	-0.66	-0.58	0.96	0.33	0.5	0.62	0.93	0.92		0.98	0.45	0.99	0.96
Net Invested Capital	1.0	0.51	1.0	0.59	0.98	-0.94	0.51	0.67	0.97	0.9	0.93	0.95	0.3	-0.55	-0.62	0.94	0.45	0.57	0.65	0.95	0.92	0.98		0.51	1.0	0.97
Net Working Capital	0.54	0.84	0.51	0.15	0.53	-0.39	0.84	0.38	0.31	0.34	0.5	0.63	0.9	-0.16	-0.38	0.33	0.81	0.99	0.38	0.51	0.33	0.45	0.51		0.5	0.3
Capital Stock	0.99	0.47	1.0	0.63	0.97	-0.95	0.47	0.71	0.98	0.91	0.94	0.95	0.26	-0.6	-0.61	0.95	0.41	0.55	0.64	0.96	0.93	0.99	1.0	0.5		0.97
Property Plant And Equipment Net	0.95	0.3	0.96	0.66	0.92	-0.96	0.3	0.7	0.99	0.93	0.92	0.9	0.05	-0.64	-0.56	0.94	0.24	0.36	0.6	0.94	0.96	0.96	0.97	0.3	0.97

Click cells to compare fundamentals

Newcore Gold Account Relationship Matchups

Newcore Gold fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	14.7M	31.1M	40.4M	44.5M	46.2M	30.4M
Total Current Liabilities	286.2K	1.5M	1.2M	380.5K	170.2K	161.7K
Total Stockholder Equity	14.3M	29.5M	39.1M	44.0M	46.1M	29.7M
Net Tangible Assets	15.1M	14.3M	29.5M	39.1M	44.9M	23.1M
Retained Earnings	(4.5M)	(6.7M)	(10.7M)	(13.4M)	(15.8M)	(15.0M)
Accounts Payable	286.2K	1.5M	1.2M	380.5K	170.2K	161.7K
Cash	92.4K	1.3M	775.0K	586.1K	3.7M	3.9M
Non Current Assets Total	14.1M	17.6M	34.5M	40.6M	42.2M	25.9M
Net Receivables	2.7K	1.3K	40.0K	45.2K	52.0K	54.6K
Short Term Investments	721.4K	432K	11.9M	4.8M	3M	0.0
Other Stockholder Equity	7.6M	7.1M	7.4M	9.0M	10.4M	8.1M
Total Liab	398.7K	1.6M	1.3M	493.0K	170.2K	161.7K
Total Current Assets	582.9K	13.6M	5.9M	4.0M	4.1M	4.4M
Property Plant Equipment	14.1M	14.0M	17.4M	34.2M	39.4M	41.3M
Net Invested Capital	14.3M	29.5M	39.1M	44.0M	46.1M	31.8M
Net Working Capital	296.7K	12.1M	4.7M	3.6M	3.9M	4.3M

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