Northstar Net Invested Capital vs Total Current Liabilities Analysis

ROOF Stock   0.32  0.01  3.03%   
Northstar Clean financial indicator trend analysis is infinitely more than just investigating Northstar Clean Tech recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Northstar Clean Tech is a good investment. Please check the relationship between Northstar Clean Net Invested Capital and its Total Current Liabilities accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Northstar Clean Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census.

Net Invested Capital vs Total Current Liabilities

Net Invested Capital vs Total Current Liabilities Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Northstar Clean Tech Net Invested Capital account and Total Current Liabilities. At this time, the significance of the direction appears to have pay attention.
The correlation between Northstar Clean's Net Invested Capital and Total Current Liabilities is -0.9. Overlapping area represents the amount of variation of Net Invested Capital that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of Northstar Clean Technologies, assuming nothing else is changed. The correlation between historical values of Northstar Clean's Net Invested Capital and Total Current Liabilities 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 Invested Capital of Northstar Clean Technologies are associated (or correlated) with its Total Current Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Liabilities has no effect on the direction of Net Invested Capital i.e., Northstar Clean's Net Invested Capital and Total Current Liabilities go up and down completely randomly.

Correlation Coefficient

-0.9
Relationship DirectionNegative 
Relationship StrengthSignificant

Net Invested Capital

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

Total Current Liabilities

Total Current Liabilities is an item on Northstar Clean balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Northstar Clean Technologies 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.
Most indicators from Northstar Clean's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Northstar Clean Tech 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in Northstar Clean Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census.
Selling General Administrative is likely to drop to about 4.2 M in 2024. Tax Provision is likely to drop to about (274.9 K) in 2024
 2021 2022 2023 2024 (projected)
Reconciled Depreciation462.0K1.1M1.1M820.0K
Total Operating Expenses6.8M8.1M6.6M7.7M

Northstar Clean fundamental ratios Correlations

-0.060.80.97-0.840.90.960.970.850.820.860.980.830.16-0.850.95-0.850.960.930.940.860.85-0.66-0.66
-0.06-0.590.040.010.06-0.070.010.36-0.160.2-0.030.28-0.9-0.010.120.38-0.13-0.15-0.280.350.4-0.23-0.23
0.8-0.590.67-0.570.550.840.680.440.620.550.720.480.71-0.580.6-0.790.870.720.930.40.44-0.42-0.42
0.970.040.67-0.910.970.881.00.890.890.91.00.87-0.02-0.930.99-0.870.870.970.840.940.89-0.69-0.69
-0.840.01-0.57-0.91-0.94-0.69-0.92-0.89-0.98-0.94-0.9-0.920.111.0-0.920.91-0.68-0.95-0.66-0.89-0.850.830.83
0.90.060.550.97-0.940.750.980.870.940.880.970.85-0.14-0.950.98-0.880.740.970.70.950.85-0.66-0.66
0.96-0.070.840.88-0.690.750.870.770.650.770.890.740.28-0.70.84-0.721.00.810.980.740.8-0.6-0.6
0.970.010.681.0-0.920.980.870.880.910.91.00.870.0-0.930.99-0.890.860.980.830.940.88-0.68-0.68
0.850.360.440.89-0.890.870.770.880.790.980.870.99-0.31-0.90.91-0.690.740.820.660.950.99-0.9-0.9
0.82-0.160.620.89-0.980.940.650.910.790.870.90.830.0-0.980.89-0.960.660.960.660.830.75-0.72-0.72
0.860.20.550.9-0.940.880.770.90.980.870.881.0-0.18-0.950.9-0.780.760.860.70.910.96-0.93-0.93
0.98-0.030.721.0-0.90.970.891.00.870.90.880.850.04-0.920.99-0.890.880.980.860.920.86-0.66-0.66
0.830.280.480.87-0.920.850.740.870.990.831.00.85-0.25-0.920.88-0.730.720.820.660.910.97-0.95-0.95
0.16-0.90.71-0.020.11-0.140.280.0-0.310.0-0.180.04-0.250.11-0.12-0.260.330.090.46-0.35-0.310.210.21
-0.85-0.01-0.58-0.931.0-0.95-0.7-0.93-0.9-0.98-0.95-0.92-0.920.11-0.930.91-0.7-0.95-0.68-0.9-0.860.820.82
0.950.120.60.99-0.920.980.840.990.910.890.90.990.88-0.12-0.93-0.850.820.960.780.970.9-0.69-0.69
-0.850.38-0.79-0.870.91-0.88-0.72-0.89-0.69-0.96-0.78-0.89-0.73-0.260.91-0.85-0.74-0.96-0.77-0.72-0.640.620.62
0.96-0.130.870.87-0.680.741.00.860.740.660.760.880.720.33-0.70.82-0.740.810.990.710.77-0.59-0.59
0.93-0.150.720.97-0.950.970.810.980.820.960.860.980.820.09-0.950.96-0.960.810.810.870.79-0.66-0.66
0.94-0.280.930.84-0.660.70.980.830.660.660.70.860.660.46-0.680.78-0.770.990.810.630.68-0.53-0.53
0.860.350.40.94-0.890.950.740.940.950.830.910.920.91-0.35-0.90.97-0.720.710.870.630.95-0.73-0.73
0.850.40.440.89-0.850.850.80.880.990.750.960.860.97-0.31-0.860.9-0.640.770.790.680.95-0.87-0.87
-0.66-0.23-0.42-0.690.83-0.66-0.6-0.68-0.9-0.72-0.93-0.66-0.950.210.82-0.690.62-0.59-0.66-0.53-0.73-0.871.0
-0.66-0.23-0.42-0.690.83-0.66-0.6-0.68-0.9-0.72-0.93-0.66-0.950.210.82-0.690.62-0.59-0.66-0.53-0.73-0.871.0
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Northstar Clean Account Relationship Matchups

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Additional Tools for Northstar Stock Analysis

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