NorthIsle Cash And Short Term Investments vs Total Assets Analysis

NCX Stock

CAD 0.44 0.03 7.32%

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

Cash And Short Term Investments vs Total Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of NorthIsle Copper Cash And Short Term Investments account and Total Assets. At this time, the significance of the direction appears to have strong relationship.

The correlation between NorthIsle Copper's Cash And Short Term Investments and Total Assets is 0.75. Overlapping area represents the amount of variation of Cash And Short Term Investments that can explain the historical movement of Total Assets in the same time period over historical financial statements of NorthIsle Copper and, assuming nothing else is changed. The correlation between historical values of NorthIsle Copper's Cash And Short Term Investments and Total Assets 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 NorthIsle Copper and are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Cash And Short Term Investments i.e., NorthIsle Copper's Cash And Short Term Investments and Total Assets go up and down completely randomly.

Correlation Coefficient

0.75

Relationship Direction	Positive
Relationship Strength	Significant

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Cash And Short Term Investments

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

Total Assets

Total assets refers to the total amount of NorthIsle Copper assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in NorthIsle Copper books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

Most indicators from NorthIsle Copper's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into NorthIsle Copper 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 NorthIsle Copper and. 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 1.4 M in 2024. Issuance Of Capital Stock is likely to drop to about 5.1 M in 2024

NorthIsle Copper fundamental ratios Correlations

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Cash And Short Term Investments	Net Receivables	Other Stockholder Equity	Total Liab	Total Current Assets	Other Current Liab	Common Stock Shares Outstanding	Net Tangible Assets	Accounts Payable	Common Stock	Property Plant Equipment	Other Current Assets	Non Currrent Assets Other	Other Assets	Net Invested Capital	Net Working Capital	Inventory	Capital Stock
Total Assets		0.47	0.97	0.47	-0.77	-0.29	0.75	0.5	0.75	0.01	-0.4	0.47	0.75	0.53	0.47	0.64	0.49	0.64	0.44	0.59	-0.36	0.63	0.67	0.61	-0.28	0.68
Total Current Liabilities	0.47		0.26	-0.22	-0.61	-0.65	0.59	-0.19	0.59	-0.14	-0.48	1.0	0.62	0.94	0.74	0.56	0.69	0.74	0.26	0.87	-0.48	0.67	0.53	0.47	-0.16	0.71
Total Stockholder Equity	0.97	0.26		0.58	-0.68	-0.15	0.66	0.6	0.66	0.05	-0.31	0.26	0.66	0.33	0.32	0.56	0.36	0.5	0.41	0.42	-0.27	0.52	0.59	0.54	-0.26	0.55
Property Plant And Equipment Net	0.47	-0.22	0.58		0.18	0.68	-0.2	1.0	-0.2	0.2	0.3	-0.22	-0.2	-0.22	-0.44	-0.3	-0.4	-0.32	-0.27	-0.21	0.41	-0.34	-0.3	-0.37	0.35	-0.29
Net Debt	-0.77	-0.61	-0.68	0.18		0.81	-1.0	0.15	-1.0	0.12	0.63	-0.61	-1.0	-0.72	-0.78	-0.88	-0.85	-0.88	-0.74	-0.74	0.68	-0.96	-0.94	-0.96	0.68	-0.94
Retained Earnings	-0.29	-0.65	-0.15	0.68	0.81		-0.81	0.66	-0.81	0.26	0.63	-0.65	-0.81	-0.71	-0.87	-0.79	-0.88	-0.87	-0.73	-0.65	0.72	-0.88	-0.82	-0.86	0.67	-0.88
Cash	0.75	0.59	0.66	-0.2	-1.0	-0.81		-0.17	1.0	-0.12	-0.62	0.59	1.0	0.72	0.76	0.86	0.86	0.86	0.75	0.72	-0.68	0.96	0.93	0.97	-0.71	0.93
Non Current Assets Total	0.5	-0.19	0.6	1.0	0.15	0.66	-0.17		-0.17	0.2	0.27	-0.19	-0.17	-0.19	-0.41	-0.27	-0.37	-0.28	-0.26	-0.18	0.39	-0.31	-0.27	-0.34	0.34	-0.26
Cash And Short Term Investments	0.75	0.59	0.66	-0.2	-1.0	-0.81	1.0	-0.17		-0.12	-0.62	0.59	1.0	0.72	0.76	0.86	0.86	0.86	0.74	0.73	-0.68	0.96	0.93	0.97	-0.71	0.93
Net Receivables	0.01	-0.14	0.05	0.2	0.12	0.26	-0.12	0.2	-0.12		0.19	-0.14	-0.12	-0.12	-0.31	-0.22	-0.11	-0.23	-0.11	-0.18	0.06	-0.17	-0.2	-0.18	0.08	-0.19
Other Stockholder Equity	-0.4	-0.48	-0.31	0.3	0.63	0.63	-0.62	0.27	-0.62	0.19		-0.48	-0.64	-0.5	-0.74	-0.66	-0.64	-0.64	-0.35	-0.5	0.65	-0.57	-0.63	-0.63	0.33	-0.58
Total Liab	0.47	1.0	0.26	-0.22	-0.61	-0.65	0.59	-0.19	0.59	-0.14	-0.48		0.62	0.94	0.74	0.56	0.69	0.74	0.26	0.87	-0.48	0.67	0.53	0.47	-0.16	0.71
Total Current Assets	0.75	0.62	0.66	-0.2	-1.0	-0.81	1.0	-0.17	1.0	-0.12	-0.64	0.62		0.73	0.77	0.87	0.86	0.87	0.73	0.75	-0.67	0.96	0.93	0.96	-0.69	0.93
Other Current Liab	0.53	0.94	0.33	-0.22	-0.72	-0.71	0.72	-0.19	0.72	-0.12	-0.5	0.94	0.73		0.7	0.56	0.73	0.73	0.4	0.81	-0.49	0.74	0.58	0.59	-0.39	0.75
Common Stock Shares Outstanding	0.47	0.74	0.32	-0.44	-0.78	-0.87	0.76	-0.41	0.76	-0.31	-0.74	0.74	0.77	0.7		0.88	0.77	0.94	0.54	0.76	-0.8	0.78	0.83	0.76	-0.34	0.86
Net Tangible Assets	0.64	0.56	0.56	-0.3	-0.88	-0.79	0.86	-0.27	0.86	-0.22	-0.66	0.56	0.87	0.56	0.88		0.7	0.93	0.58	0.77	-0.73	0.85	0.98	0.9	-0.38	0.9
Accounts Payable	0.49	0.69	0.36	-0.4	-0.85	-0.88	0.86	-0.37	0.86	-0.11	-0.64	0.69	0.86	0.73	0.77	0.7		0.81	0.74	0.64	-0.72	0.89	0.77	0.83	-0.72	0.86
Common Stock	0.64	0.74	0.5	-0.32	-0.88	-0.87	0.86	-0.28	0.86	-0.23	-0.64	0.74	0.87	0.73	0.94	0.93	0.81		0.71	0.77	-0.7	0.87	0.92	0.85	-0.45	0.97
Property Plant Equipment	0.44	0.26	0.41	-0.27	-0.74	-0.73	0.75	-0.26	0.74	-0.11	-0.35	0.26	0.73	0.4	0.54	0.58	0.74	0.71		0.24	-0.43	0.74	0.71	0.77	-0.85	0.79
Other Current Assets	0.59	0.87	0.42	-0.21	-0.74	-0.65	0.72	-0.18	0.73	-0.18	-0.5	0.87	0.75	0.81	0.76	0.77	0.64	0.77	0.24		-0.51	0.8	0.73	0.66	-0.17	0.76
Non Currrent Assets Other	-0.36	-0.48	-0.27	0.41	0.68	0.72	-0.68	0.39	-0.68	0.06	0.65	-0.48	-0.67	-0.49	-0.8	-0.73	-0.72	-0.7	-0.43	-0.51		-0.63	-0.69	-0.69	0.39	-0.64
Other Assets	0.63	0.67	0.52	-0.34	-0.96	-0.88	0.96	-0.31	0.96	-0.17	-0.57	0.67	0.96	0.74	0.78	0.85	0.89	0.87	0.74	0.8	-0.63		0.91	0.94	-0.7	0.94
Net Invested Capital	0.67	0.53	0.59	-0.3	-0.94	-0.82	0.93	-0.27	0.93	-0.2	-0.63	0.53	0.93	0.58	0.83	0.98	0.77	0.92	0.71	0.73	-0.69	0.91		0.96	-0.54	0.94
Net Working Capital	0.61	0.47	0.54	-0.37	-0.96	-0.86	0.97	-0.34	0.97	-0.18	-0.63	0.47	0.96	0.59	0.76	0.9	0.83	0.85	0.77	0.66	-0.69	0.94	0.96		-0.73	0.91
Inventory	-0.28	-0.16	-0.26	0.35	0.68	0.67	-0.71	0.34	-0.71	0.08	0.33	-0.16	-0.69	-0.39	-0.34	-0.38	-0.72	-0.45	-0.85	-0.17	0.39	-0.7	-0.54	-0.73		-0.59
Capital Stock	0.68	0.71	0.55	-0.29	-0.94	-0.88	0.93	-0.26	0.93	-0.19	-0.58	0.71	0.93	0.75	0.86	0.9	0.86	0.97	0.79	0.76	-0.64	0.94	0.94	0.91	-0.59

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NorthIsle Copper Account Relationship Matchups

NorthIsle Copper fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	10.8M	13.0M	16.6M	16.7M	18.0M	14.1M
Total Current Liabilities	598.9K	162.3K	813.6K	3.1M	1.4M	751.9K
Total Stockholder Equity	10.2M	12.9M	15.8M	13.6M	16.6M	13.3M
Net Debt	(378.9K)	(2.9M)	(5.8M)	(5.9M)	(7.5M)	(7.2M)
Retained Earnings	(13.6M)	(14.8M)	(20.1M)	(26.7M)	(32.1M)	(30.5M)
Cash	378.9K	2.9M	5.8M	5.9M	7.5M	7.9M
Cash And Short Term Investments	378.9K	2.9M	5.9M	5.9M	7.5M	7.9M
Net Receivables	51.3K	60.1K	0.0	22.0K	19.8K	30.4K
Liabilities And Stockholders Equity	10.8M	13.0M	16.6M	16.7M	18.0M	14.1M
Other Stockholder Equity	1.6M	2.3M	3.1M	3.7M	4.3M	4.1M
Total Liab	598.9K	162.3K	813.6K	3.1M	1.4M	751.9K
Total Current Assets	769.9K	3.0M	6.4M	6.5M	7.8M	8.2M
Accumulated Other Comprehensive Income	1.4M	1.6M	1.6M	2.3M	2.7M	1.4M
Other Current Liab	230.0K	482.3K	429.3K	3.1M	1.4M	1.4M
Common Stock Shares Outstanding	118.7M	124.7M	164.4M	190.8M	202.2M	125.5M
Net Tangible Assets	10.2M	12.9M	15.8M	13.6M	15.7M	12.5M
Accounts Payable	116.6K	162.3K	384.3K	599.0K	688.8K	723.3K
Common Stock	22.2M	25.4M	32.8M	36.6M	44.3M	28.4M
Other Current Assets	67.4K	26.0K	471.2K	622.9K	251.4K	194.7K
Net Invested Capital	10.2M	12.9M	15.8M	13.6M	16.6M	14.1M
Net Working Capital	171.0K	2.8M	5.6M	3.4M	6.4M	6.7M
Capital Stock	22.2M	25.4M	32.8M	36.6M	44.3M	33.6M

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