New Accounts Payable vs Total Current Assets Analysis

NED Stock

CAD 0.03 0.01 25.00%

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

Accounts Payable vs Total Current Assets

Accounts Payable vs Total Current Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of New Destiny Mining Accounts Payable account and Total Current Assets. At this time, the significance of the direction appears to have almost no relationship.

The correlation between New Destiny's Accounts Payable and Total Current Assets is 0.12. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Total Current Assets in the same time period over historical financial statements of New Destiny Mining, assuming nothing else is changed. The correlation between historical values of New Destiny's Accounts Payable and Total Current 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 Accounts Payable of New Destiny Mining are associated (or correlated) with its Total Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Assets has no effect on the direction of Accounts Payable i.e., New Destiny's Accounts Payable and Total Current Assets go up and down completely randomly.

Correlation Coefficient

0.12

Relationship Direction	Positive
Relationship Strength	Insignificant

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Accounts Payable

An accounting item on the balance sheet that represents New Destiny obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of New Destiny Mining are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.

Total Current Assets

The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.

Most indicators from New Destiny's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into New Destiny Mining 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 New Destiny Mining. 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 176.2 K in 2024, whereas Issuance Of Capital Stock is likely to drop 0.00 in 2024.

New Destiny fundamental ratios Correlations

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Net Tangible Assets	Retained Earnings	Accounts Payable	Cash	Net Receivables	Other Stockholder Equity	Total Liab	Short Long Term Debt	Total Current Assets	Short Term Debt	Common Stock	Property Plant Equipment	Common Stock Shares Outstanding	Net Invested Capital	Net Working Capital	Other Assets	Capital Stock	Net Debt	Other Current Liab
Total Assets		-0.19	0.29	0.51	0.27	-0.11	-0.14	0.17	0.18	-0.2	0.19	0.2	0.03	-0.24	0.12	-0.25	0.18	0.19	0.33	-0.16	0.14	0.03
Total Current Liabilities	-0.19		-0.99	-0.74	-0.93	0.96	-0.21	-0.51	-0.64	1.0	-0.58	0.06	-0.84	0.74	0.38	0.85	-0.99	-0.99	-0.81	0.93	-0.74	-0.84
Total Stockholder Equity	0.29	-0.99		0.79	0.94	-0.94	0.19	0.52	0.65	-0.99	0.59	-0.03	0.8	-0.77	-0.39	-0.87	0.99	0.99	0.84	-0.94	0.74	0.8
Net Tangible Assets	0.51	-0.74	0.79		0.91	-0.55	0.05	0.55	0.79	-0.74	0.38	0.16	0.33	-0.91	-0.54	-0.89	0.73	0.75	0.97	-0.68	0.58	0.33
Retained Earnings	0.27	-0.93	0.94	0.91		-0.81	0.12	0.48	0.82	-0.93	0.5	-0.08	0.64	-0.91	-0.55	-0.94	0.91	0.92	0.94	-0.85	0.72	0.64
Accounts Payable	-0.11	0.96	-0.94	-0.55	-0.81		-0.22	-0.43	-0.47	0.96	-0.65	0.12	-0.92	0.57	0.23	0.73	-0.96	-0.96	-0.63	0.93	-0.75	-0.92
Cash	-0.14	-0.21	0.19	0.05	0.12	-0.22		-0.15	-0.24	-0.21	0.14	0.04	0.24	-0.01	0.2	-0.16	0.21	0.21	0.1	-0.26	0.06	0.24
Net Receivables	0.17	-0.51	0.52	0.55	0.48	-0.43	-0.15		0.42	-0.51	0.26	0.67	0.31	-0.41	-0.46	-0.49	0.52	0.53	0.57	-0.5	0.44	0.31
Other Stockholder Equity	0.18	-0.64	0.65	0.79	0.82	-0.47	-0.24	0.42		-0.64	0.1	-0.25	0.31	-0.89	-0.85	-0.74	0.6	0.61	0.76	-0.54	0.45	0.31
Total Liab	-0.2	1.0	-0.99	-0.74	-0.93	0.96	-0.21	-0.51	-0.64		-0.58	0.05	-0.84	0.73	0.38	0.85	-0.99	-1.0	-0.81	0.93	-0.74	-0.84
Short Long Term Debt	0.19	-0.58	0.59	0.38	0.5	-0.65	0.14	0.26	0.1	-0.58		0.05	0.47	-0.33	0.11	-0.62	0.61	0.6	0.41	-0.71	0.92	0.47
Total Current Assets	0.2	0.06	-0.03	0.16	-0.08	0.12	0.04	0.67	-0.25	0.05	0.05		-0.13	0.15	0.17	0.02	-0.02	-0.01	0.17	0.04	-0.01	-0.13
Short Term Debt	0.03	-0.84	0.8	0.33	0.64	-0.92	0.24	0.31	0.31	-0.84	0.47	-0.13		-0.29	-0.04	-0.45	0.82	0.81	0.42	-0.72	0.54	1.0
Common Stock	-0.24	0.74	-0.77	-0.91	-0.91	0.57	-0.01	-0.41	-0.89	0.73	-0.33	0.15	-0.29		0.73	0.93	-0.73	-0.74	-0.91	0.73	-0.59	-0.29
Property Plant Equipment	0.12	0.38	-0.39	-0.54	-0.55	0.23	0.2	-0.46	-0.85	0.38	0.11	0.17	-0.04	0.73		0.54	-0.35	-0.36	-0.52	0.36	-0.28	-0.04
Common Stock Shares Outstanding	-0.25	0.85	-0.87	-0.89	-0.94	0.73	-0.16	-0.49	-0.74	0.85	-0.62	0.02	-0.45	0.93	0.54		-0.86	-0.87	-0.92	0.89	-0.79	-0.45
Net Invested Capital	0.18	-0.99	0.99	0.73	0.91	-0.96	0.21	0.52	0.6	-0.99	0.61	-0.02	0.82	-0.73	-0.35	-0.86		1.0	0.81	-0.95	0.75	0.82
Net Working Capital	0.19	-0.99	0.99	0.75	0.92	-0.96	0.21	0.53	0.61	-1.0	0.6	-0.01	0.81	-0.74	-0.36	-0.87	1.0		0.83	-0.95	0.74	0.81
Other Assets	0.33	-0.81	0.84	0.97	0.94	-0.63	0.1	0.57	0.76	-0.81	0.41	0.17	0.42	-0.91	-0.52	-0.92	0.81	0.83		-0.74	0.61	0.42
Capital Stock	-0.16	0.93	-0.94	-0.68	-0.85	0.93	-0.26	-0.5	-0.54	0.93	-0.71	0.04	-0.72	0.73	0.36	0.89	-0.95	-0.95	-0.74		-0.82	-0.72
Net Debt	0.14	-0.74	0.74	0.58	0.72	-0.75	0.06	0.44	0.45	-0.74	0.92	-0.01	0.54	-0.59	-0.28	-0.79	0.75	0.74	0.61	-0.82		0.54
Other Current Liab	0.03	-0.84	0.8	0.33	0.64	-0.92	0.24	0.31	0.31	-0.84	0.47	-0.13	1.0	-0.29	-0.04	-0.45	0.82	0.81	0.42	-0.72	0.54

Click cells to compare fundamentals

New Destiny Account Relationship Matchups

New Destiny fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	10.3K	11.5K	9.6K	14.2K	31.5K	26.8K
Total Current Liabilities	539.7K	568.3K	583.3K	657.5K	1.4M	1.5M
Total Stockholder Equity	(529.4K)	(556.8K)	(573.7K)	(643.4K)	(1.4M)	(1.3M)
Net Tangible Assets	(479.5K)	(529.4K)	(556.8K)	(573.7K)	(516.4K)	(490.5K)
Retained Earnings	(4.2M)	(4.3M)	(4.4M)	(4.7M)	(5.4M)	(5.7M)
Accounts Payable	159.3K	158.8K	231.1K	345.8K	1.0M	1.1M
Cash	255.0	652.0	465.0	3.1K	96.0	91.2
Net Receivables	3.4K	2.0K	2.8K	1.1K	994.5	944.78
Total Liab	539.7K	568.3K	583.3K	657.5K	1.4M	1.5M
Total Current Assets	2.3K	3.5K	1.6K	6.2K	23.5K	14.1K
Common Stock	3.5M	3.7M	3.7M	3.9M	4.4M	3.2M
Common Stock Shares Outstanding	16.4M	17.1M	19.6M	22.6M	26.0M	18.0M
Net Invested Capital	(529.4K)	(492.6K)	(526.4K)	(638.0K)	(1.4M)	(1.3M)
Net Working Capital	(537.4K)	(564.8K)	(581.7K)	(651.4K)	(1.4M)	(1.3M)
Capital Stock	3.7M	3.7M	3.9M	4.0M	4.5M	4.2M

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