Northern Cash And Short Term Investments vs Net Receivables Analysis

NGC Stock

CAD 0.16 0.01 5.88%

Northern Graphite financial indicator trend analysis is infinitely more than just investigating Northern Graphite recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Northern Graphite is a good investment. Please check the relationship between Northern Graphite Cash And Short Term Investments and its Net Receivables accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Northern Graphite. 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 And Short Term Investments vs Net Receivables

Cash And Short Term Investments vs Net Receivables Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Northern Graphite Cash And Short Term Investments account and Net Receivables. At this time, the significance of the direction appears to have weak relationship.

The correlation between Northern Graphite's Cash And Short Term Investments and Net Receivables is 0.38. Overlapping area represents the amount of variation of Cash And Short Term Investments that can explain the historical movement of Net Receivables in the same time period over historical financial statements of Northern Graphite, assuming nothing else is changed. The correlation between historical values of Northern Graphite's Cash And Short Term Investments and Net Receivables 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 And Short Term Investments of Northern Graphite are associated (or correlated) with its Net Receivables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Receivables has no effect on the direction of Cash And Short Term Investments i.e., Northern Graphite's Cash And Short Term Investments and Net Receivables go up and down completely randomly.

Correlation Coefficient

0.38

Relationship Direction	Positive
Relationship Strength	Very Weak

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Cash And Short Term Investments

Short Term Investments is an account in the current assets section of Northern Graphite balance sheet. This account contains Northern Graphite investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Northern Graphite fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.

Net Receivables

Most indicators from Northern Graphite's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Northern Graphite 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 Northern Graphite. 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, Northern Graphite's Selling General Administrative is fairly stable compared to the past year. Enterprise Value is likely to climb to about 52.7 M in 2024, despite the fact that Tax Provision is likely to grow to (685.9 K).

Northern Graphite fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Other Current Assets	Other Current Liab	Common Stock	Other Liab	Net Tangible Assets	Other Assets	Property Plant Equipment
Total Assets		0.18	0.96	0.56	0.99	0.87	-0.92	0.96	0.31	1.0	0.92	0.36	0.95	0.78	0.97	0.2	0.97	0.98	0.59	0.97	0.77	0.87	0.8	0.72	-0.69	0.69
Short Long Term Debt Total	0.18		0.06	0.61	0.25	-0.15	-0.14	0.02	0.29	0.19	0.13	0.31	0.1	0.59	0.02	0.46	0.03	0.16	0.66	0.04	0.05	0.39	0.38	0.36	0.05	0.43
Total Current Liabilities	0.96	0.06		0.32	0.94	0.95	-0.97	0.99	0.19	0.95	0.87	0.25	0.87	0.68	0.99	0.19	0.99	0.94	0.55	0.99	0.9	0.81	0.83	0.71	-0.8	0.65
Total Stockholder Equity	0.56	0.61	0.32		0.61	0.11	-0.31	0.31	0.53	0.56	0.51	0.57	0.59	0.69	0.35	0.15	0.34	0.55	0.6	0.35	0.12	0.56	0.38	0.44	-0.1	0.51
Property Plant And Equipment Net	0.99	0.25	0.94	0.61		0.84	-0.93	0.92	0.25	0.99	0.91	0.3	0.91	0.82	0.94	0.16	0.94	0.95	0.66	0.95	0.76	0.86	0.82	0.72	-0.72	0.76
Net Debt	0.87	-0.15	0.95	0.11	0.84		-0.91	0.95	-0.06	0.88	0.82	-0.01	0.82	0.56	0.96	0.1	0.96	0.83	0.31	0.95	0.81	0.74	0.75	0.6	-0.74	0.58
Retained Earnings	-0.92	-0.14	-0.97	-0.31	-0.93	-0.91		-0.94	-0.12	-0.93	-0.84	-0.17	-0.78	-0.75	-0.94	-0.1	-0.95	-0.88	-0.61	-0.95	-0.9	-0.8	-0.9	-0.75	0.84	-0.77
Accounts Payable	0.96	0.02	0.99	0.31	0.92	0.95	-0.94		0.22	0.95	0.87	0.26	0.9	0.65	1.0	0.21	1.0	0.95	0.49	1.0	0.85	0.8	0.78	0.67	-0.74	0.59
Cash	0.31	0.29	0.19	0.53	0.25	-0.06	-0.12	0.22		0.25	0.18	0.99	0.32	0.27	0.19	0.05	0.19	0.44	0.28	0.19	0.16	0.26	0.12	0.31	-0.01	0.01
Non Current Assets Total	1.0	0.19	0.95	0.56	0.99	0.88	-0.93	0.95	0.25		0.92	0.31	0.95	0.79	0.97	0.19	0.97	0.97	0.61	0.97	0.77	0.87	0.81	0.71	-0.7	0.71
Non Currrent Assets Other	0.92	0.13	0.87	0.51	0.91	0.82	-0.84	0.87	0.18	0.92		0.22	0.89	0.73	0.89	0.17	0.89	0.88	0.49	0.89	0.65	0.81	0.75	0.66	-0.61	0.7
Cash And Short Term Investments	0.36	0.31	0.25	0.57	0.3	-0.01	-0.17	0.26	0.99	0.31	0.22		0.38	0.35	0.24	0.06	0.24	0.49	0.31	0.24	0.22	0.34	0.2	0.39	-0.03	0.09
Net Receivables	0.95	0.1	0.87	0.59	0.91	0.82	-0.78	0.9	0.32	0.95	0.89	0.38		0.71	0.92	0.22	0.91	0.96	0.4	0.91	0.62	0.85	0.67	0.63	-0.49	0.56
Common Stock Shares Outstanding	0.78	0.59	0.68	0.69	0.82	0.56	-0.75	0.65	0.27	0.79	0.73	0.35	0.71		0.68	0.13	0.68	0.74	0.58	0.69	0.56	0.94	0.89	0.87	-0.38	0.9
Non Current Liabilities Total	0.97	0.02	0.99	0.35	0.94	0.96	-0.94	1.0	0.19	0.97	0.89	0.24	0.92	0.68		0.17	1.0	0.96	0.48	1.0	0.83	0.83	0.79	0.68	-0.74	0.62
Other Stockholder Equity	0.2	0.46	0.19	0.15	0.16	0.1	-0.1	0.21	0.05	0.19	0.17	0.06	0.22	0.13	0.17		0.18	0.21	0.42	0.18	0.19	0.22	0.17	0.15	-0.06	0.04
Total Liab	0.97	0.03	0.99	0.34	0.94	0.96	-0.95	1.0	0.19	0.97	0.89	0.24	0.91	0.68	1.0	0.18		0.96	0.49	1.0	0.84	0.83	0.8	0.69	-0.75	0.63
Total Current Assets	0.98	0.16	0.94	0.55	0.95	0.83	-0.88	0.95	0.44	0.97	0.88	0.49	0.96	0.74	0.96	0.21	0.96		0.54	0.96	0.77	0.85	0.76	0.71	-0.64	0.61
Short Term Debt	0.59	0.66	0.55	0.6	0.66	0.31	-0.61	0.49	0.28	0.61	0.49	0.31	0.4	0.58	0.48	0.42	0.49	0.54		0.5	0.55	0.44	0.58	0.44	-0.63	0.57
Other Current Assets	0.97	0.04	0.99	0.35	0.95	0.95	-0.95	1.0	0.19	0.97	0.89	0.24	0.91	0.69	1.0	0.18	1.0	0.96	0.5		0.84	0.83	0.8	0.69	-0.76	0.64
Other Current Liab	0.77	0.05	0.9	0.12	0.76	0.81	-0.9	0.85	0.16	0.77	0.65	0.22	0.62	0.56	0.83	0.19	0.84	0.77	0.55	0.84		0.65	0.82	0.71	-0.8	0.6
Common Stock	0.87	0.39	0.81	0.56	0.86	0.74	-0.8	0.8	0.26	0.87	0.81	0.34	0.85	0.94	0.83	0.22	0.83	0.85	0.44	0.83	0.65		0.89	0.88	-0.41	0.8
Other Liab	0.8	0.38	0.83	0.38	0.82	0.75	-0.9	0.78	0.12	0.81	0.75	0.2	0.67	0.89	0.79	0.17	0.8	0.76	0.58	0.8	0.82	0.89		0.89	-0.62	0.9
Net Tangible Assets	0.72	0.36	0.71	0.44	0.72	0.6	-0.75	0.67	0.31	0.71	0.66	0.39	0.63	0.87	0.68	0.15	0.69	0.71	0.44	0.69	0.71	0.88	0.89		-0.47	0.84
Other Assets	-0.69	0.05	-0.8	-0.1	-0.72	-0.74	0.84	-0.74	-0.01	-0.7	-0.61	-0.03	-0.49	-0.38	-0.74	-0.06	-0.75	-0.64	-0.63	-0.76	-0.8	-0.41	-0.62	-0.47		-0.54
Property Plant Equipment	0.69	0.43	0.65	0.51	0.76	0.58	-0.77	0.59	0.01	0.71	0.7	0.09	0.56	0.9	0.62	0.04	0.63	0.61	0.57	0.64	0.6	0.8	0.9	0.84	-0.54

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Northern Graphite Account Relationship Matchups

Northern Graphite fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	15.8M	15.2M	19.7M	102.1M	91.8M	96.4M
Total Current Liabilities	111.5K	207.7K	1.6M	10.3M	14.8M	15.6M
Total Stockholder Equity	15.3M	14.7M	17.7M	36.2M	15.8M	14.6M
Property Plant And Equipment Net	13.5M	12.7M	13.6M	43.5M	42.3M	44.4M
Net Debt	(1.4M)	(1.2M)	(3.6M)	16.8M	24.4M	25.7M
Retained Earnings	(13.1M)	(13.8M)	(16.3M)	(30.7M)	(54.4M)	(51.7M)
Accounts Payable	108.7K	111.9K	207K	3.3M	4.0M	4.2M
Cash	1.4M	1.2M	3.6M	5.1M	3.1M	2.8M
Non Current Assets Total	14.3M	13.7M	14.4M	72.4M	66.9M	70.3M
Non Currrent Assets Other	14.3M	845.1K	845.9K	23.7M	19.4M	20.4M
Cash And Short Term Investments	1.4M	1.4M	4.3M	5.6M	3.6M	3.0M
Net Receivables	18.0K	15.5K	79.4K	4.1M	2.2M	2.4M
Liabilities And Stockholders Equity	15.8M	15.2M	19.7M	102.1M	91.8M	96.4M
Non Current Liabilities Total	342.5K	345.9K	362.2K	55.6M	61.2M	64.3M
Other Stockholder Equity	2.4M	2.4M	2.5M	4.0M	5.0M	3.0M
Total Liab	454.0K	553.7K	1.9M	65.9M	76.1M	79.9M
Total Current Assets	1.5M	1.5M	5.2M	29.7M	24.9M	26.2M
Other Current Assets	54.0K	89.2K	64.8K	1.7M	1.9M	2.0M
Other Current Liab	2.8K	95.9K	1.4M	770.0K	2.5M	2.6M
Other Liab	335.1K	342.5K	345.9K	362.2K	416.5K	368.4K
Net Tangible Assets	15.9M	15.3M	14.7M	17.7M	20.4M	16.4M
Other Assets	829.1K	842.0K	845.1K	845.9K	761.3K	673.9K
Property Plant Equipment	13.1M	13.5M	12.7M	13.6M	15.6M	13.5M
Net Invested Capital	15.3M	14.7M	17.7M	56.5M	41.9M	28.1M
Net Working Capital	1.0M	945.3K	3.7M	19.4M	10.1M	6.4M

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