NioCorp Net Debt vs Accounts Payable Analysis

NIOBW Stock

0.13 0.02 13.33%

NioCorp Developments financial indicator trend analysis is infinitely more than just investigating NioCorp Developments recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether NioCorp Developments is a good investment. Please check the relationship between NioCorp Developments Net Debt and its Accounts Payable accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NioCorp Developments Ltd. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

Net Debt vs Accounts Payable

Net Debt vs Accounts Payable Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of NioCorp Developments Net Debt account and Accounts Payable. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between NioCorp Developments' Net Debt and Accounts Payable is -0.17. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of NioCorp Developments Ltd, assuming nothing else is changed. The correlation between historical values of NioCorp Developments' Net Debt 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 Net Debt of NioCorp Developments Ltd 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 Net Debt i.e., NioCorp Developments' Net Debt and Accounts Payable go up and down completely randomly.

Correlation Coefficient

-0.17

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.

Accounts Payable

An accounting item on the balance sheet that represents NioCorp Developments 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 NioCorp Developments 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 NioCorp Developments' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into NioCorp Developments 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 NioCorp Developments Ltd. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

Tax Provision is likely to climb to about (132.1 K) in 2024. Selling General Administrative is likely to drop to about 3.7 M in 2024

NioCorp Developments fundamental ratios Correlations

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Long Term Debt	Common Stock Shares Outstanding	Non Current Liabilities Total	Total Liab	Net Invested Capital	Long Term Investments	Short Long Term Debt	Total Current Assets	Capital Stock	Net Working Capital	Other Current Liab	Property Plant And Equipment Net	Accounts Payable	Other Current Assets	Property Plant And Equipment Gross	Non Current Liabilities Other
Total Assets		0.08	0.12	0.72	-0.68	0.92	0.98	0.91	0.71	0.56	0.59	0.52	0.75	0.65	0.97	0.85	0.49	0.96	0.98	-0.66	0.64	0.98	-0.42
Total Current Liabilities	0.08		-0.13	0.15	-0.47	-0.12	0.19	0.31	0.62	-0.17	0.13	-0.1	-0.37	0.57	-0.07	0.49	-0.71	0.26	0.19	-0.08	0.25	0.19	-0.82
Total Stockholder Equity	0.12	-0.13		-0.19	0.47	0.42	-0.02	-0.12	-0.33	-0.68	-0.72	0.89	0.35	-0.48	0.29	-0.22	0.35	-0.05	-0.03	-0.78	-0.61	-0.03	0.23
Net Debt	0.72	0.15	-0.19		-0.69	0.5	0.78	0.8	0.68	0.6	0.65	0.07	0.36	0.77	0.61	0.81	0.24	0.76	0.77	-0.17	0.82	0.77	-0.3
Retained Earnings	-0.68	-0.47	0.47	-0.69		-0.38	-0.79	-0.9	-0.93	-0.64	-0.78	0.14	-0.12	-0.85	-0.5	-0.9	0.2	-0.85	-0.82	0.09	-0.87	-0.82	0.81
Cash	0.92	-0.12	0.42	0.5	-0.38		0.84	0.7	0.41	0.32	0.29	0.78	0.9	0.34	0.99	0.6	0.66	0.8	0.83	-0.85	0.29	0.83	-0.17
Non Current Assets Total	0.98	0.19	-0.02	0.78	-0.79	0.84		0.96	0.82	0.62	0.68	0.38	0.63	0.76	0.91	0.92	0.37	0.99	1.0	-0.55	0.75	1.0	-0.53
Long Term Debt	0.91	0.31	-0.12	0.8	-0.9	0.7	0.96		0.89	0.59	0.68	0.24	0.43	0.79	0.79	0.95	0.16	0.98	0.97	-0.44	0.81	0.97	-0.67
Common Stock Shares Outstanding	0.71	0.62	-0.33	0.68	-0.93	0.41	0.82	0.89		0.54	0.73	-0.03	0.12	0.92	0.53	0.96	-0.14	0.85	0.82	-0.21	0.86	0.82	-0.85
Non Current Liabilities Total	0.56	-0.17	-0.68	0.6	-0.64	0.32	0.62	0.59	0.54		0.95	-0.33	0.37	0.66	0.45	0.59	0.35	0.59	0.61	0.21	0.84	0.61	-0.16
Total Liab	0.59	0.13	-0.72	0.65	-0.78	0.29	0.68	0.68	0.73	0.95		-0.36	0.27	0.84	0.43	0.75	0.13	0.67	0.68	0.18	0.92	0.68	-0.4
Net Invested Capital	0.52	-0.1	0.89	0.07	0.14	0.78	0.38	0.24	-0.03	-0.33	-0.36		0.69	-0.15	0.67	0.14	0.52	0.35	0.37	-0.97	-0.3	0.37	0.05
Long Term Investments	0.75	-0.37	0.35	0.36	-0.12	0.9	0.63	0.43	0.12	0.37	0.27	0.69		0.18	0.87	0.35	0.8	0.56	0.61	-0.69	0.14	0.61	0.17
Short Long Term Debt	0.65	0.57	-0.48	0.77	-0.85	0.34	0.76	0.79	0.92	0.66	0.84	-0.15	0.18		0.47	0.93	-0.09	0.76	0.75	-0.06	0.89	0.75	-0.67
Total Current Assets	0.97	-0.07	0.29	0.61	-0.5	0.99	0.91	0.79	0.53	0.45	0.43	0.67	0.87	0.47		0.7	0.63	0.88	0.9	-0.77	0.45	0.9	-0.25
Capital Stock	0.85	0.49	-0.22	0.81	-0.9	0.6	0.92	0.95	0.96	0.59	0.75	0.14	0.35	0.93	0.7		0.05	0.94	0.92	-0.35	0.86	0.92	-0.72
Net Working Capital	0.49	-0.71	0.35	0.24	0.2	0.66	0.37	0.16	-0.14	0.35	0.13	0.52	0.8	-0.09	0.63	0.05		0.26	0.34	-0.44	0.06	0.34	0.54
Other Current Liab	0.96	0.26	-0.05	0.76	-0.85	0.8	0.99	0.98	0.85	0.59	0.67	0.35	0.56	0.76	0.88	0.94	0.26		1.0	-0.54	0.75	1.0	-0.62
Property Plant And Equipment Net	0.98	0.19	-0.03	0.77	-0.82	0.83	1.0	0.97	0.82	0.61	0.68	0.37	0.61	0.75	0.9	0.92	0.34	1.0		-0.55	0.75	1.0	-0.55
Accounts Payable	-0.66	-0.08	-0.78	-0.17	0.09	-0.85	-0.55	-0.44	-0.21	0.21	0.18	-0.97	-0.69	-0.06	-0.77	-0.35	-0.44	-0.54	-0.55		0.12	-0.55	0.19
Other Current Assets	0.64	0.25	-0.61	0.82	-0.87	0.29	0.75	0.81	0.86	0.84	0.92	-0.3	0.14	0.89	0.45	0.86	0.06	0.75	0.75	0.12		0.75	-0.52
Property Plant And Equipment Gross	0.98	0.19	-0.03	0.77	-0.82	0.83	1.0	0.97	0.82	0.61	0.68	0.37	0.61	0.75	0.9	0.92	0.34	1.0	1.0	-0.55	0.75		-0.55
Non Current Liabilities Other	-0.42	-0.82	0.23	-0.3	0.81	-0.17	-0.53	-0.67	-0.85	-0.16	-0.4	0.05	0.17	-0.67	-0.25	-0.72	0.54	-0.62	-0.55	0.19	-0.52	-0.55

Click cells to compare fundamentals

NioCorp Developments Account Relationship Matchups

NioCorp Developments fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	11.0M	24.5M	22.8M	20.9M	20.1M	20.2M
Total Current Liabilities	8.0M	3.9M	5.1M	3.6M	12.0M	6.9M
Total Stockholder Equity	2.6M	13.2M	17.7M	(11.0M)	1M	950K
Retained Earnings	(94.7M)	(99.5M)	(110.4M)	(150.5M)	(161.9M)	(170.0M)
Cash	307K	7.3M	5.3M	2.3M	2.0M	3.2M
Non Current Assets Total	10.7M	17.1M	17.1M	17.2M	17.1M	16.5M
Common Stock Shares Outstanding	23.6M	25.6M	27.7M	31.2M	38.1M	31.1M
Non Current Liabilities Total	344K	7.3M	23K	26.2M	5.6M	7.4M
Total Liab	8.4M	11.3M	5.1M	29.8M	17.5M	14.3M
Net Invested Capital	7.9M	23.9M	21.8M	(406K)	8.7M	9.3M
Long Term Investments	7K	16K	10K	9K	4K	6.8K
Short Long Term Debt	4.9M	3.4M	4.2M	7.7M	8.8M	4.9M
Total Current Assets	338K	7.3M	5.7M	3.7M	2.9M	3.7M
Capital Stock	97.7M	113.9M	129.1M	140.4M	163.8M	133.4M
Net Working Capital	(7.7M)	3.4M	614K	164K	(9.0M)	(8.6M)

Also Currently Popular

Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.

C	Citigroup
GM	General Motors
F	Ford Motor

Additional Tools for NioCorp Stock Analysis

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

NioCorp Net Debt vs Accounts Payable Analysis

Net Debt vs Accounts Payable

Net Debt vs Accounts Payable Correlation Analysis

Correlation Coefficient

Net Debt

Accounts Payable

NioCorp Developments fundamental ratios Correlations

NioCorp Developments Account Relationship Matchups

High Positive Relationship

High Negative Relationship

NioCorp Developments fundamental ratios Accounts

Also Currently Popular

Additional Tools for NioCorp Stock Analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Property Plant And Equipment Net	+ 1.0	Non Current Assets Total
Property Plant And Equipment Gross	+ 1.0	Non Current Assets Total
Property Plant And Equipment Net	+ 1.0	Other Current Liab
Property Plant And Equipment Gross	+ 1.0	Other Current Liab
Property Plant And Equipment Gross	+ 1.0	Property Plant And Equipment Net
Total Current Assets	+ 0.99	Cash

Accounts Payable	- 0.97	Net Invested Capital
Common Stock Shares Outstanding	- 0.93	Retained Earnings
Capital Stock	- 0.9	Retained Earnings
Long Term Debt	- 0.9	Retained Earnings
Other Current Assets	- 0.87	Retained Earnings
Non Current Liabilities Other	- 0.85	Common Stock Shares Outstanding