Northstar Net Working Capital vs Total Liab Analysis

ROOF Stock   0.34  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 Working Capital and its Total Liab 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 Working Capital vs Total Liab

Net Working Capital vs Total Liab Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Northstar Clean Tech Net Working Capital account and Total Liab. At this time, the significance of the direction appears to have strong relationship.
The correlation between Northstar Clean's Net Working Capital and Total Liab is 0.66. Overlapping area represents the amount of variation of Net Working Capital that can explain the historical movement of Total Liab 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 Working Capital and Total Liab 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 Working Capital of Northstar Clean Technologies are associated (or correlated) with its Total Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Liab has no effect on the direction of Net Working Capital i.e., Northstar Clean's Net Working Capital and Total Liab go up and down completely randomly.

Correlation Coefficient

0.66
Relationship DirectionPositive 
Relationship StrengthSignificant

Net Working Capital

Total Liab

The total amount of all liabilities that a company has, including both short-term and long-term liabilities.
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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