New Property Plant Equipment vs Net Receivables 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 Property Plant Equipment and its Net Receivables 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.

Property Plant Equipment vs Net Receivables

Property Plant Equipment vs Net Receivables Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of New Destiny Mining Property Plant Equipment account and Net Receivables. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between New Destiny's Property Plant Equipment and Net Receivables is -0.46. Overlapping area represents the amount of variation of Property Plant Equipment that can explain the historical movement of Net Receivables 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 Property Plant Equipment and Net Receivables is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Property Plant Equipment of New Destiny Mining are associated (or correlated) with its Net Receivables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Receivables has no effect on the direction of Property Plant Equipment i.e., New Destiny's Property Plant Equipment and Net Receivables go up and down completely randomly.

Correlation Coefficient

-0.46

Relationship Direction	Negative
Relationship Strength	Very Weak

View All Relationships

Property Plant Equipment

Net Receivables

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

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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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