Nobel29 Resources Total Asset vs. Total Debt
| NBLC Stock | CAD 0.04 0.00 0.00% |
Nobel29 Resources Total Assets |
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For Nobel29 Resources profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Nobel29 Resources to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Nobel29 Resources Corp utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Nobel29 Resources's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Nobel29 Resources Corp over time as well as its relative position and ranking within its peers.
Nobel29 |
Nobel29 Resources Corp Total Debt vs. Total Asset Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Nobel29 Resources's current stock value. Our valuation model uses many indicators to compare Nobel29 Resources value to that of its competitors to determine the firm's financial worth. Nobel29 Resources Corp is considered to be number one stock in total asset category among its peers. It also is rated top company in total debt category among its peers making up about 2.12 of Total Debt per Total Asset. At this time, Nobel29 Resources' Total Assets are fairly stable compared to the past year. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Nobel29 Resources' earnings, one of the primary drivers of an investment's value.Nobel29 Total Debt vs. Total Asset
Total Asset is everything that a business owns. It is the sum of current and long-term assets owned by a firm at a given time. These assets are listed on a balance sheet and typically valued based on their purchasing prices, not the current market value.
Nobel29 Resources |
| = | 447.44 K |
Total Asset is typically divided on the balance sheet on current asset and long-term asset. Long-term is the value of company property and other capital assets that are expected to be useable for more than one year. Long term assets are reported net of depreciation. On the other hand current assets are assets that are expected to be sold or converted to cash as part of normal business operation.
Total Debt refers to the amount of long term interest-bearing liabilities that a company carries on its balance sheet. That may include bonds sold to the public, notes written to banks or capital leases. Typically, debt can help a company magnify its earnings, but the burden of interest and principal payments will eventually prevent the firm from borrow excessively.
Nobel29 Resources |
| = | 949.14 K |
In most industries, total debt may also include the current portion of long-term debt. Since debt terms vary widely from one company to another, simply comparing outstanding debt obligations between different companies may not be adequate. It is usually meant to compare total debt amounts between companies that operate within the same sector.
Nobel29 Total Debt vs Competition
Nobel29 Resources Corp is rated top company in total debt category among its peers. Total debt of Materials industry is now estimated at about 8.68 Billion. Nobel29 Resources adds roughly 949,136 in total debt claiming only tiny portion of all equities under Materials industry.
Nobel29 Resources Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Nobel29 Resources, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Nobel29 Resources will eventually generate negative long term returns. The profitability progress is the general direction of Nobel29 Resources' change in net profit over the period of time. It can combine multiple indicators of Nobel29 Resources, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
| Last Reported | Projected for Next Year | ||
| Operating Income | -1.7 M | -1.7 M | |
| Net Loss | -752.5 K | -790.1 K | |
| Income Before Tax | -752.5 K | -790.1 K | |
| Net Loss | -752.5 K | -790.1 K | |
| Net Loss | -9.5 M | -10 M | |
| Net Interest Income | 15.5 K | 16.3 K | |
| Total Other Income Expense Net | 1.1 M | 1.2 M | |
| Interest Income | 15.5 K | 16.3 K | |
| Change To Netincome | 3.1 M | 1.6 M | |
| Net Loss | (0.05) | (0.05) | |
| Income Quality | 0.87 | 0.61 |
Nobel29 Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Nobel29 Resources. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Nobel29 Resources position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Nobel29 Resources' important profitability drivers and their relationship over time.
Use Nobel29 Resources in pair-trading
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Nobel29 Resources position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Nobel29 Resources will appreciate offsetting losses from the drop in the long position's value.Nobel29 Resources Pair Trading
Nobel29 Resources Corp Pair Trading Analysis
The ability to find closely correlated positions to Nobel29 Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Nobel29 Resources when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Nobel29 Resources - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Nobel29 Resources Corp to buy it.
The correlation of Nobel29 Resources is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Nobel29 Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Nobel29 Resources Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Nobel29 Resources can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Use Investing Themes to Complement your Nobel29 Resources position
In addition to having Nobel29 Resources in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
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Additional Tools for Nobel29 Stock Analysis
When running Nobel29 Resources' price analysis, check to measure Nobel29 Resources' 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 Nobel29 Resources is operating at the current time. Most of Nobel29 Resources' value examination focuses on studying past and present price action to predict the probability of Nobel29 Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nobel29 Resources' price. Additionally, you may evaluate how the addition of Nobel29 Resources to your portfolios can decrease your overall portfolio volatility.