New Total Current Liabilities vs Capital Stock 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 Total Current Liabilities and its Capital Stock 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.

Total Current Liabilities vs Capital Stock

Total Current Liabilities vs Capital Stock Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of New Destiny Mining Total Current Liabilities account and Capital Stock. At this time, the significance of the direction appears to have almost identical trend.

The correlation between New Destiny's Total Current Liabilities and Capital Stock is 0.93. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Capital Stock 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 Total Current Liabilities and Capital Stock is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Current Liabilities of New Destiny Mining are associated (or correlated) with its Capital Stock. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capital Stock has no effect on the direction of Total Current Liabilities i.e., New Destiny's Total Current Liabilities and Capital Stock go up and down completely randomly.

Correlation Coefficient

0.93

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Total Current Liabilities

Total Current Liabilities is an item on New Destiny balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of New Destiny Mining 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.

Capital Stock

The total amount of a company's capital funded by shareholders through the issue and subscription of shares.

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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