NVX Cash And Short Term Investments vs Net Invested Capital Analysis

NVX Stock

CAD 0.22 0.02 10.00%

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

Cash And Short Term Investments vs Net Invested Capital Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of NV Gold Corp Cash And Short Term Investments account and Net Invested Capital. At this time, the significance of the direction appears to have very strong relationship.

The correlation between NV Gold's Cash And Short Term Investments and Net Invested Capital is 0.85. Overlapping area represents the amount of variation of Cash And Short Term Investments that can explain the historical movement of Net Invested Capital in the same time period over historical financial statements of NV Gold Corp, assuming nothing else is changed. The correlation between historical values of NV Gold's Cash And Short Term Investments and Net Invested Capital 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 NV Gold Corp are associated (or correlated) with its Net Invested Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Invested Capital has no effect on the direction of Cash And Short Term Investments i.e., NV Gold's Cash And Short Term Investments and Net Invested Capital go up and down completely randomly.

Correlation Coefficient

0.85

Relationship Direction	Positive
Relationship Strength	Strong

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Cash And Short Term Investments

Short Term Investments is an account in the current assets section of NV Gold Corp balance sheet. This account contains NV Gold investments that will expire within one year. These investments include stocks and bonds that can be liquidated by NV Gold Corp 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 Invested Capital

The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.

Most indicators from NV Gold's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into NV Gold Corp 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 NV Gold Corp. 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 drop to about 728 K in 2025. Issuance Of Capital Stock is likely to drop to about 451.8 K in 2025

	2021	2022	2024	2025 (projected)
Depreciation And Amortization	228.5K	167.9K	193.1K	171.5K
Interest Income	7.1K	12.2K	14.0K	8.0K

Depreciation And Amortization Interest Income

NV Gold fundamental ratios Correlations

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Cash And Short Term Investments	Common Stock Shares Outstanding	Short Term Investments	Other Stockholder Equity	Total Liab	Total Current Assets	Other Current Assets	Common Stock	Non Currrent Assets Other	Net Receivables	Property Plant And Equipment Net	Other Current Liab	Net Tangible Assets	Other Assets	Property Plant Equipment	Net Invested Capital	Long Term Investments	Net Working Capital
Total Assets		-0.19	1.0	-0.75	-0.55	0.37	0.79	0.9	0.78	0.38	-0.38	0.0	-0.19	0.8	0.48	0.7	-0.01	0.16	0.86	-0.37	0.9	0.75	0.7	0.61	0.63	0.38
Total Current Liabilities	-0.19		-0.27	0.3	-0.09	-0.02	-0.28	-0.07	-0.31	0.04	-0.33	0.77	1.0	-0.29	0.04	0.03	-0.35	0.24	-0.12	0.79	-0.29	-0.19	-0.22	-0.34	-0.06	-0.25
Total Stockholder Equity	1.0	-0.27		-0.76	-0.53	0.36	0.8	0.89	0.79	0.37	-0.35	-0.06	-0.27	0.81	0.47	0.68	0.02	0.14	0.85	-0.43	0.9	0.75	0.7	0.63	0.62	0.4
Net Debt	-0.75	0.3	-0.76		0.11	-0.5	-0.99	-0.41	-0.99	-0.15	0.17	0.15	0.31	-0.98	-0.26	-0.27	-0.34	0.33	-0.34	0.14	-0.52	-0.5	-0.16	-0.86	-0.2	-0.88
Retained Earnings	-0.55	-0.09	-0.53	0.11		0.3	-0.2	-0.6	-0.18	-0.03	0.39	-0.15	-0.11	-0.26	-0.83	-0.94	0.34	-0.78	-0.56	0.35	-0.65	-0.74	-0.48	0.11	-0.89	0.26
Accounts Payable	0.37	-0.02	0.36	-0.5	0.3		0.47	0.24	0.47	0.35	-0.15	0.01	-0.03	0.44	-0.14	-0.16	0.02	-0.36	0.22	-0.01	0.15	-0.14	0.09	0.32	-0.31	0.43
Cash	0.79	-0.28	0.8	-0.99	-0.2	0.47		0.47	1.0	0.15	-0.19	-0.14	-0.29	1.0	0.35	0.36	0.31	-0.23	0.4	-0.18	0.59	0.58	0.22	0.84	0.28	0.84
Non Current Assets Total	0.9	-0.07	0.89	-0.41	-0.6	0.24	0.47		0.44	0.49	-0.47	0.11	-0.06	0.47	0.38	0.75	-0.24	0.31	0.98	-0.38	0.87	0.65	0.86	0.32	0.67	0.0
Cash And Short Term Investments	0.78	-0.31	0.79	-0.99	-0.18	0.47	1.0	0.44		0.14	-0.14	-0.17	-0.31	1.0	0.34	0.34	0.36	-0.25	0.39	-0.19	0.59	0.57	0.21	0.85	0.27	0.85
Common Stock Shares Outstanding	0.38	0.04	0.37	-0.15	-0.03	0.35	0.15	0.49	0.14		-0.3	-0.17	0.04	0.12	-0.13	0.1	-0.39	-0.05	0.48	-0.05	0.24	-0.14	0.35	0.24	-0.09	-0.07
Short Term Investments	-0.38	-0.33	-0.35	0.17	0.39	-0.15	-0.19	-0.47	-0.14	-0.3		-0.49	-0.33	-0.16	-0.2	-0.47	0.77	-0.17	-0.28	-0.07	-0.2	-0.23	-0.12	-0.03	-0.29	0.01
Other Stockholder Equity	0.0	0.77	-0.06	0.15	-0.15	0.01	-0.14	0.11	-0.17	-0.17	-0.49		0.76	-0.15	0.12	0.16	-0.39	0.12	0.03	0.6	-0.08	0.0	0.0	-0.18	0.09	-0.1
Total Liab	-0.19	1.0	-0.27	0.31	-0.11	-0.03	-0.29	-0.06	-0.31	0.04	-0.33	0.76		-0.29	0.05	0.05	-0.36	0.26	-0.11	0.77	-0.27	-0.17	-0.2	-0.36	-0.04	-0.26
Total Current Assets	0.8	-0.29	0.81	-0.98	-0.26	0.44	1.0	0.47	1.0	0.12	-0.16	-0.15	-0.29		0.42	0.41	0.33	-0.16	0.41	-0.21	0.63	0.62	0.25	0.81	0.34	0.82
Other Current Assets	0.48	0.04	0.47	-0.26	-0.83	-0.14	0.35	0.38	0.34	-0.13	-0.2	0.12	0.05	0.42		0.79	-0.16	0.71	0.36	-0.35	0.61	0.67	0.32	-0.02	0.79	0.01
Common Stock	0.7	0.03	0.68	-0.27	-0.94	-0.16	0.36	0.75	0.34	0.1	-0.47	0.16	0.05	0.41	0.79		-0.29	0.66	0.7	-0.41	0.79	0.83	0.62	0.02	0.92	-0.11
Non Currrent Assets Other	-0.01	-0.35	0.02	-0.34	0.34	0.02	0.31	-0.24	0.36	-0.39	0.77	-0.39	-0.36	0.33	-0.16	-0.29		-0.39	-0.13	-0.02	0.03	0.16	-0.07	0.44	-0.15	0.51
Net Receivables	0.16	0.24	0.14	0.33	-0.78	-0.36	-0.23	0.31	-0.25	-0.05	-0.17	0.12	0.26	-0.16	0.71	0.66	-0.39		0.34	-0.31	0.41	0.47	0.37	-0.5	0.7	-0.61
Property Plant And Equipment Net	0.86	-0.12	0.85	-0.34	-0.56	0.22	0.4	0.98	0.39	0.48	-0.28	0.03	-0.11	0.41	0.36	0.7	-0.13	0.34		-0.43	0.89	0.62	0.93	0.28	0.65	-0.07
Other Current Liab	-0.37	0.79	-0.43	0.14	0.35	-0.01	-0.18	-0.38	-0.19	-0.05	-0.07	0.6	0.77	-0.21	-0.35	-0.41	-0.02	-0.31	-0.43		-0.6	-0.46	-0.54	-0.02	-0.43	0.11
Net Tangible Assets	0.9	-0.29	0.9	-0.52	-0.65	0.15	0.59	0.87	0.59	0.24	-0.2	-0.08	-0.27	0.63	0.61	0.79	0.03	0.41	0.89	-0.6		0.84	0.87	0.39	0.76	0.15
Other Assets	0.75	-0.19	0.75	-0.5	-0.74	-0.14	0.58	0.65	0.57	-0.14	-0.23	0.0	-0.17	0.62	0.67	0.83	0.16	0.47	0.62	-0.46	0.84		0.58	0.35	0.84	0.22
Property Plant Equipment	0.7	-0.22	0.7	-0.16	-0.48	0.09	0.22	0.86	0.21	0.35	-0.12	0.0	-0.2	0.25	0.32	0.62	-0.07	0.37	0.93	-0.54	0.87	0.58		0.15	0.6	-0.19
Net Invested Capital	0.61	-0.34	0.63	-0.86	0.11	0.32	0.84	0.32	0.85	0.24	-0.03	-0.18	-0.36	0.81	-0.02	0.02	0.44	-0.5	0.28	-0.02	0.39	0.35	0.15		0.0	0.84
Long Term Investments	0.63	-0.06	0.62	-0.2	-0.89	-0.31	0.28	0.67	0.27	-0.09	-0.29	0.09	-0.04	0.34	0.79	0.92	-0.15	0.7	0.65	-0.43	0.76	0.84	0.6	0.0		-0.15
Net Working Capital	0.38	-0.25	0.4	-0.88	0.26	0.43	0.84	0.0	0.85	-0.07	0.01	-0.1	-0.26	0.82	0.01	-0.11	0.51	-0.61	-0.07	0.11	0.15	0.22	-0.19	0.84	-0.15

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NV Gold Account Relationship Matchups

NV Gold fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	7.8M	6.7M	5.5M	3.7M	4.2M	3.5M
Total Current Liabilities	140.2K	181.0K	65.5K	348.6K	400.9K	210.4K
Total Stockholder Equity	7.6M	6.5M	5.4M	3.3M	3.8M	3.3M
Net Debt	(3.3M)	(3.5M)	(1.3M)	266.7K	240.0K	252.0K
Retained Earnings	(14.7M)	(20.3M)	(21.5M)	(24.2M)	(21.8M)	(20.7M)
Accounts Payable	61.6K	102.1K	18.2K	5.1K	4.6K	4.3K
Cash	3.3M	3.5M	1.3M	56.8K	65.3K	62.1K
Non Current Assets Total	4.4M	2.9M	4.1M	3.4M	3.9M	2.6M
Cash And Short Term Investments	3.3M	3.5M	1.3M	56.8K	65.3K	62.1K
Common Stock Shares Outstanding	4.9M	6.9M	8.0M	8.3M	9.6M	9.2M
Liabilities And Stockholders Equity	7.8M	6.7M	5.5M	3.7M	4.2M	3.5M
Other Stockholder Equity	2.4M	2.7M	3.5M	3.7M	4.2M	3.1M
Total Liab	140.2K	181.0K	65.5K	364.5K	419.2K	211.5K
Total Current Assets	3.4M	3.8M	1.4M	286.2K	329.1K	312.7K
Other Current Assets	74.4K	274.4K	65.5K	143.6K	165.1K	173.4K
Common Stock	15.5M	19.6M	23.3M	23.8M	27.3M	15.0M
Non Currrent Assets Other	329.3K	150.3K	118.2K	3.2K	2.8K	2.7K
Net Receivables	20.7K	26.3K	7.5K	85.8K	98.7K	103.6K
Accumulated Other Comprehensive Income	2.7M	3.5M	3.7M	3.8M	4.4M	4.6M
Property Plant And Equipment Net	3.9M	2.5M	3.8M	3.3M	3.8M	2.7M
Other Current Liab	78.5K	78.9K	47.3K	36K	32.4K	30.8K
Net Tangible Assets	4.4M	7.6M	6.5M	5.4M	6.2M	4.7M
Other Assets	209.6K	498.2K	334.7K	295.4K	339.7K	235.4K
Property Plant Equipment	3.2M	3.9M	2.5M	3.8M	4.4M	3.1M
Net Invested Capital	7.6M	6.5M	5.4M	3.6M	3.2M	4.4M
Net Working Capital	3.3M	3.6M	1.3M	(62.4K)	(56.2K)	(53.4K)
Capital Stock	15.5M	19.6M	23.3M	23.8M	27.3M	22.0M

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