Northern Total Current Liabilities vs Accounts Payable Analysis

NGC Stock

CAD 0.16 0.02 14.29%

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 Total Current Liabilities and its Accounts Payable 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.

Total Current Liabilities vs Accounts Payable

Total Current Liabilities vs Accounts Payable Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Northern Graphite Total Current Liabilities account and Accounts Payable. At this time, the significance of the direction appears to have totally related.

The correlation between Northern Graphite's Total Current Liabilities and Accounts Payable is 0.99. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Accounts Payable 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 Total Current Liabilities and Accounts Payable is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Current Liabilities of Northern Graphite are associated (or correlated) with its Accounts Payable. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Accounts Payable has no effect on the direction of Total Current Liabilities i.e., Northern Graphite's Total Current Liabilities and Accounts Payable go up and down completely randomly.

Correlation Coefficient

0.99

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Total Current Liabilities

Total Current Liabilities is an item on Northern Graphite balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Northern Graphite 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.

Accounts Payable

An accounting item on the balance sheet that represents Northern Graphite obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Northern Graphite are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.

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.

Selling General Administrative is likely to climb to about 12.1 M in 2025, despite the fact that Tax Provision is likely to grow to (617.3 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		0.38	0.97	0.52	0.99	0.91	-0.94	0.97	0.3	1.0	0.94	0.37	0.96	0.95	0.98	0.24	0.98	0.99	0.72	0.98	0.85	0.98	0.82	0.75	-0.65	0.71
Short Long Term Debt Total	0.38		0.33	0.56	0.42	0.18	-0.42	0.29	0.3	0.38	0.32	0.34	0.28	0.44	0.29	0.47	0.29	0.35	0.65	0.3	0.32	0.35	0.55	0.52	-0.01	0.55
Total Current Liabilities	0.97	0.33		0.31	0.96	0.96	-0.97	0.99	0.21	0.97	0.9	0.27	0.88	0.94	0.99	0.24	0.99	0.96	0.71	0.99	0.94	0.99	0.82	0.73	-0.7	0.67
Total Stockholder Equity	0.52	0.56	0.31		0.55	0.14	-0.34	0.31	0.53	0.52	0.49	0.57	0.57	0.51	0.34	0.17	0.33	0.52	0.53	0.34	0.15	0.42	0.43	0.47	-0.12	0.54
Property Plant And Equipment Net	0.99	0.42	0.96	0.55		0.89	-0.95	0.95	0.25	1.0	0.93	0.32	0.92	0.97	0.96	0.21	0.96	0.96	0.78	0.96	0.84	0.98	0.84	0.75	-0.68	0.77
Net Debt	0.91	0.18	0.96	0.14	0.89		-0.93	0.97	0.0	0.91	0.87	0.07	0.85	0.86	0.97	0.16	0.97	0.88	0.55	0.97	0.88	0.93	0.76	0.65	-0.66	0.61
Retained Earnings	-0.94	-0.42	-0.97	-0.34	-0.95	-0.93		-0.95	-0.16	-0.94	-0.88	-0.23	-0.83	-0.95	-0.95	-0.17	-0.96	-0.91	-0.72	-0.96	-0.91	-0.96	-0.84	-0.76	0.62	-0.75
Accounts Payable	0.97	0.29	0.99	0.31	0.95	0.97	-0.95		0.23	0.97	0.9	0.29	0.91	0.91	1.0	0.25	1.0	0.97	0.66	1.0	0.9	0.97	0.79	0.7	-0.67	0.62
Cash	0.3	0.3	0.21	0.53	0.25	0.0	-0.16	0.23		0.26	0.2	0.99	0.33	0.24	0.21	0.06	0.21	0.42	0.28	0.21	0.18	0.22	0.17	0.35	-0.03	0.06
Non Current Assets Total	1.0	0.38	0.97	0.52	1.0	0.91	-0.94	0.97	0.26		0.94	0.32	0.95	0.96	0.98	0.23	0.98	0.98	0.74	0.98	0.85	0.98	0.83	0.74	-0.66	0.73
Non Currrent Assets Other	0.94	0.32	0.9	0.49	0.93	0.87	-0.88	0.9	0.2	0.94		0.26	0.91	0.89	0.92	0.22	0.92	0.91	0.64	0.92	0.75	0.92	0.78	0.7	-0.59	0.73
Cash And Short Term Investments	0.37	0.34	0.27	0.57	0.32	0.07	-0.23	0.29	0.99	0.32	0.26		0.39	0.31	0.27	0.08	0.27	0.48	0.31	0.27	0.26	0.3	0.26	0.44	-0.05	0.14
Net Receivables	0.96	0.28	0.88	0.57	0.92	0.85	-0.83	0.91	0.33	0.95	0.91	0.39		0.83	0.93	0.26	0.92	0.96	0.55	0.92	0.7	0.9	0.72	0.68	-0.5	0.61
Common Stock Shares Outstanding	0.95	0.44	0.94	0.51	0.97	0.86	-0.95	0.91	0.24	0.96	0.89	0.31	0.83		0.92	0.16	0.92	0.91	0.83	0.93	0.89	0.98	0.89	0.79	-0.73	0.83
Non Current Liabilities Total	0.98	0.29	0.99	0.34	0.96	0.97	-0.95	1.0	0.21	0.98	0.92	0.27	0.93	0.92		0.22	1.0	0.97	0.65	1.0	0.89	0.98	0.8	0.71	-0.67	0.65
Other Stockholder Equity	0.24	0.47	0.24	0.17	0.21	0.16	-0.17	0.25	0.06	0.23	0.22	0.08	0.26	0.16	0.22		0.23	0.25	0.41	0.23	0.24	0.22	0.16	0.17	-0.01	0.05
Total Liab	0.98	0.29	0.99	0.33	0.96	0.97	-0.96	1.0	0.21	0.98	0.92	0.27	0.92	0.92	1.0	0.23		0.97	0.67	1.0	0.9	0.98	0.81	0.72	-0.67	0.65
Total Current Assets	0.99	0.35	0.96	0.52	0.96	0.88	-0.91	0.97	0.42	0.98	0.91	0.48	0.96	0.91	0.97	0.25	0.97		0.69	0.97	0.84	0.96	0.79	0.75	-0.61	0.64
Short Term Debt	0.72	0.65	0.71	0.53	0.78	0.55	-0.72	0.66	0.28	0.74	0.64	0.31	0.55	0.83	0.65	0.41	0.67	0.69		0.67	0.72	0.74	0.67	0.54	-0.67	0.63
Other Current Assets	0.98	0.3	0.99	0.34	0.96	0.97	-0.96	1.0	0.21	0.98	0.92	0.27	0.92	0.93	1.0	0.23	1.0	0.97	0.67		0.9	0.98	0.81	0.72	-0.68	0.66
Other Current Liab	0.85	0.32	0.94	0.15	0.84	0.88	-0.91	0.9	0.18	0.85	0.75	0.26	0.7	0.89	0.89	0.24	0.9	0.84	0.72	0.9		0.92	0.81	0.73	-0.7	0.63
Common Stock	0.98	0.35	0.99	0.42	0.98	0.93	-0.96	0.97	0.22	0.98	0.92	0.3	0.9	0.98	0.98	0.22	0.98	0.96	0.74	0.98	0.92		0.87	0.79	-0.72	0.76
Other Liab	0.82	0.55	0.82	0.43	0.84	0.76	-0.84	0.79	0.17	0.83	0.78	0.26	0.72	0.89	0.8	0.16	0.81	0.79	0.67	0.81	0.81	0.87		0.89	-0.58	0.9
Net Tangible Assets	0.75	0.52	0.73	0.47	0.75	0.65	-0.76	0.7	0.35	0.74	0.7	0.44	0.68	0.79	0.71	0.17	0.72	0.75	0.54	0.72	0.73	0.79	0.89		-0.43	0.84
Other Assets	-0.65	-0.01	-0.7	-0.12	-0.68	-0.66	0.62	-0.67	-0.03	-0.66	-0.59	-0.05	-0.5	-0.73	-0.67	-0.01	-0.67	-0.61	-0.67	-0.68	-0.7	-0.72	-0.58	-0.43		-0.51
Property Plant Equipment	0.71	0.55	0.67	0.54	0.77	0.61	-0.75	0.62	0.06	0.73	0.73	0.14	0.61	0.83	0.65	0.05	0.65	0.64	0.63	0.66	0.63	0.76	0.9	0.84	-0.51

Click cells to compare fundamentals

Northern Graphite Account Relationship Matchups

Northern Graphite fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	15.2M	19.7M	102.1M	91.8M	105.6M	110.9M
Total Current Liabilities	207.7K	1.6M	10.3M	14.8M	17.0M	17.9M
Total Stockholder Equity	14.7M	17.7M	36.2M	15.8M	18.2M	14.6M
Property Plant And Equipment Net	12.7M	13.6M	43.5M	42.3M	48.7M	51.1M
Net Debt	(1.2M)	(3.6M)	16.8M	24.4M	28.1M	29.5M
Retained Earnings	(13.8M)	(16.3M)	(30.7M)	(54.4M)	(49.0M)	(46.5M)
Accounts Payable	111.9K	207K	3.3M	4.0M	4.5M	4.8M
Cash	1.2M	3.6M	5.1M	3.1M	3.6M	2.8M
Non Current Assets Total	13.7M	14.4M	72.4M	66.9M	77.0M	80.8M
Non Currrent Assets Other	845.1K	845.9K	23.7M	19.4M	22.3M	23.4M
Cash And Short Term Investments	1.4M	4.3M	5.6M	3.6M	4.1M	3.0M
Net Receivables	15.5K	79.4K	4.1M	2.2M	2.6M	2.7M
Liabilities And Stockholders Equity	15.2M	19.7M	102.1M	91.8M	105.6M	110.9M
Non Current Liabilities Total	345.9K	362.2K	55.6M	61.2M	70.4M	73.9M
Other Stockholder Equity	2.4M	2.5M	4.0M	5.0M	4.5M	3.0M
Total Liab	553.7K	1.9M	65.9M	76.1M	87.5M	91.8M
Total Current Assets	1.5M	5.2M	29.7M	24.9M	28.7M	30.1M
Other Current Assets	89.2K	64.8K	1.7M	1.9M	2.2M	2.3M
Other Current Liab	95.9K	1.4M	770.0K	2.5M	2.9M	3.0M
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	14.7M	17.7M	56.5M	41.9M	48.1M	28.1M
Net Working Capital	945.3K	3.7M	19.4M	10.1M	11.6M	6.4M
Property Plant And Equipment Gross	13.9M	14.8M	67.6M	69.7M	80.1M	84.1M

Thematic Opportunities

Explore Investment Opportunities

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.

Explore Investing Ideas

Additional Tools for Northern Stock Analysis

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

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC