Neptune Inventory vs Total Current Liabilities Analysis

NDA Stock  CAD 1.11  0.03  2.63%   
Neptune Digital financial indicator trend analysis is infinitely more than just investigating Neptune Digital Assets recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Neptune Digital Assets is a good investment. Please check the relationship between Neptune Digital Inventory and its Total Current Liabilities accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Neptune Digital Assets. 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.

Inventory vs Total Current Liabilities

Inventory vs Total Current Liabilities Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Neptune Digital Assets Inventory account and Total Current Liabilities. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Neptune Digital's Inventory and Total Current Liabilities is 0.58. Overlapping area represents the amount of variation of Inventory that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of Neptune Digital Assets, assuming nothing else is changed. The correlation between historical values of Neptune Digital's Inventory 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 Inventory of Neptune Digital Assets 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 Inventory i.e., Neptune Digital's Inventory and Total Current Liabilities go up and down completely randomly.

Correlation Coefficient

0.58
Relationship DirectionPositive 
Relationship StrengthWeak

Inventory

Total Current Liabilities

Total Current Liabilities is an item on Neptune Digital balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Neptune Digital Assets 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 Neptune Digital's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Neptune Digital Assets 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 Neptune Digital Assets. 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 climb to about 2.9 M in 2024, whereas Sales General And Administrative To Revenue is likely to drop 1.04 in 2024.
 2021 2022 2023 2024 (projected)
Interest Income2.4M745.5K857.3K1.0M
Net Interest Income2.4M745.5K857.3K1.0M

Neptune Digital fundamental ratios Correlations

0.94-0.830.85-0.020.970.640.930.880.970.890.950.950.780.890.940.960.850.580.990.950.94-0.350.970.930.88
0.94-0.670.730.240.90.80.880.940.960.740.990.990.60.940.90.930.940.70.940.990.9-0.280.950.950.74
-0.83-0.67-0.980.19-0.86-0.23-0.91-0.53-0.82-0.87-0.72-0.71-0.87-0.78-0.9-0.87-0.69-0.06-0.83-0.71-0.90.59-0.86-0.63-0.95
0.850.73-0.98-0.030.890.310.960.60.860.830.770.770.860.820.940.910.740.130.870.770.94-0.680.90.690.96
-0.020.240.19-0.030.080.250.040.20.09-0.40.150.15-0.050.130.060.050.160.250.080.150.060.040.090.15-0.04
0.970.9-0.860.890.080.490.920.80.970.860.90.90.880.870.920.950.80.450.980.90.92-0.350.970.860.94
0.640.8-0.230.310.250.490.570.910.610.360.810.810.040.660.610.590.740.910.640.820.61-0.160.610.850.24
0.930.88-0.910.960.040.920.570.790.930.830.910.910.760.911.00.970.870.380.950.911.0-0.630.960.860.91
0.880.94-0.530.60.20.80.910.790.840.620.960.960.450.810.820.810.830.870.890.960.82-0.230.840.990.58
0.970.96-0.820.860.090.970.610.930.840.870.950.950.770.960.930.980.920.50.970.950.93-0.350.990.880.9
0.890.74-0.870.83-0.40.860.360.830.620.870.770.770.780.810.830.880.750.260.840.770.83-0.360.870.70.87
0.950.99-0.720.770.150.90.810.910.960.950.771.00.60.930.930.940.930.70.961.00.93-0.360.950.980.76
0.950.99-0.710.770.150.90.810.910.960.950.771.00.60.930.930.940.930.70.961.00.93-0.360.950.980.75
0.780.6-0.870.86-0.050.880.040.760.450.770.780.60.60.610.740.770.50.060.790.60.74-0.320.770.550.95
0.890.94-0.780.820.130.870.660.910.810.960.810.930.930.610.920.960.990.460.890.930.92-0.420.960.830.81
0.940.9-0.90.940.060.920.611.00.820.930.830.930.930.740.920.970.880.420.950.931.0-0.620.970.880.89
0.960.93-0.870.910.050.950.590.970.810.980.880.940.940.770.960.970.920.430.960.940.97-0.511.00.870.92
0.850.94-0.690.740.160.80.740.870.830.920.750.930.930.50.990.880.920.520.850.930.88-0.390.920.840.71
0.580.7-0.060.130.250.450.910.380.870.50.260.70.70.060.460.420.430.520.570.70.420.150.470.80.14
0.990.94-0.830.870.080.980.640.950.890.970.840.960.960.790.890.950.960.850.570.960.95-0.390.970.940.89
0.950.99-0.710.770.150.90.820.910.960.950.771.01.00.60.930.930.940.930.70.960.93-0.360.950.980.75
0.940.9-0.90.940.060.920.611.00.820.930.830.930.930.740.921.00.970.880.420.950.93-0.620.970.880.89
-0.35-0.280.59-0.680.04-0.35-0.16-0.63-0.23-0.35-0.36-0.36-0.36-0.32-0.42-0.62-0.51-0.390.15-0.39-0.36-0.62-0.45-0.31-0.5
0.970.95-0.860.90.090.970.610.960.840.990.870.950.950.770.960.971.00.920.470.970.950.97-0.450.890.91
0.930.95-0.630.690.150.860.850.860.990.880.70.980.980.550.830.880.870.840.80.940.980.88-0.310.890.68
0.880.74-0.950.96-0.040.940.240.910.580.90.870.760.750.950.810.890.920.710.140.890.750.89-0.50.910.68
Click cells to compare fundamentals

Neptune Digital Account Relationship Matchups

Neptune Digital fundamental ratios Accounts

201920202021202220232024 (projected)
Total Current Liabilities233.8K769.1K890.8K654.5K752.6K533.4K
Net Tangible Assets2.6M3.6M53.9M35.2M40.4M22.4M
Retained Earnings(26.3M)(26.9M)(47.9M)(53.1M)(47.8M)(50.1M)
Accounts Payable17.3K38.9K170.0K470.5K541.0K568.1K
Other Assets2.1M2.3M6.1M4.5M5.2M4.5M
Net Receivables77.9K213.8K322.0K242.1K278.4K179.9K
Other Current Assets167.3K887.4K31.1M4.5M5.2M8.1M
Other Stockholder Equity4.4M4.7M24.0M26.3M30.3M31.8M
Total Current Assets1.5M45.8M26.6M15.2M17.5M16.7M
Total Assets3.8M54.7M36.0M32.9M37.9M28.7M
Total Stockholder Equity3.6M53.9M35.2M32.3M37.1M28.0M
Cash117.6K154.8K4.8M2.9M3.4M1.9M
Non Current Assets Total2.3M17.8M9.4M17.7M20.4M10.9M
Short Term Investments513.8K14.3M4.0M11.7M13.4M6.7M
Total Liab233.8K769.1K890.8K654.5K752.6K611.0K
Net Invested Capital3.6M53.9M35.2M32.3M37.1M28.1M
Net Working Capital1.2M36.1M25.7M14.5M16.7M17.2M

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