New Cash vs Total Liab 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 Cash and its Total Liab 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.
Cash vs Total Liab
Cash vs Total Liab Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of New Destiny Mining Cash account and Total Liab. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between New Destiny's Cash and Total Liab is -0.21. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Total Liab 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 Cash 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 Cash of New Destiny Mining 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 Cash i.e., New Destiny's Cash and Total Liab go up and down completely randomly.
Correlation Coefficient | -0.21 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Cash
Cash refers to the most liquid asset of New Destiny Mining, which is listed under current asset account on New Destiny Mining balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from New Destiny customers. The amounts must be unrestricted with restricted cash listed in a different New Destiny account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.Total Liab
The total amount of all liabilities that a company has, including both short-term and long-term liabilities.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
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New Destiny Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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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When running New Destiny's price analysis, check to measure New Destiny's 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 New Destiny is operating at the current time. Most of New Destiny's value examination focuses on studying past and present price action to predict the probability of New Destiny's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move New Destiny's price. Additionally, you may evaluate how the addition of New Destiny to your portfolios can decrease your overall portfolio volatility.