Nevada Interest Coverage vs Free Cash Flow Yield Analysis

NEV Stock

CAD 0.01 0.01 25.00%

Nevada Sunrise financial indicator trend analysis is infinitely more than just investigating Nevada Sunrise Gold recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Nevada Sunrise Gold is a good investment. Please check the relationship between Nevada Sunrise Interest Coverage and its Free Cash Flow Yield accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nevada Sunrise Gold. 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.

Interest Coverage vs Free Cash Flow Yield

Interest Coverage vs Free Cash Flow Yield Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Nevada Sunrise Gold Interest Coverage account and Free Cash Flow Yield. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between Nevada Sunrise's Interest Coverage and Free Cash Flow Yield is -0.09. Overlapping area represents the amount of variation of Interest Coverage that can explain the historical movement of Free Cash Flow Yield in the same time period over historical financial statements of Nevada Sunrise Gold, assuming nothing else is changed. The correlation between historical values of Nevada Sunrise's Interest Coverage and Free Cash Flow Yield is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Interest Coverage of Nevada Sunrise Gold are associated (or correlated) with its Free Cash Flow Yield. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow Yield has no effect on the direction of Interest Coverage i.e., Nevada Sunrise's Interest Coverage and Free Cash Flow Yield go up and down completely randomly.

Correlation Coefficient

-0.09

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Interest Coverage

Free Cash Flow Yield

A financial solvency ratio that compares the free cash flow per share a company is expected to earn against its market value per share, calculated as free cash flow per share divided by market price per share.

Most indicators from Nevada Sunrise's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Nevada Sunrise Gold 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 Nevada Sunrise Gold. 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.

At this time, Nevada Sunrise's Selling General Administrative is fairly stable compared to the past year. Enterprise Value is likely to climb to about 16.2 M in 2024, whereas Issuance Of Capital Stock is likely to drop slightly above 311.4 K in 2024.

	2010	2016	2023	2024 (projected)
Interest Income	500.0	468.0	421.2	387.2
Net Interest Income	500.0	468.0	421.2	387.2

Interest Income Net Interest Income

Nevada Sunrise fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Other Assets	Cash And Short Term Investments	Common Stock Shares Outstanding	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Common Stock	Short Long Term Debt Total	Current Deferred Revenue	Accounts Payable	Non Currrent Assets Other	Short Term Debt	Net Receivables	Inventory	Non Current Liabilities Total	Net Tangible Assets
Total Assets		-0.38	-0.55	0.99	0.87	-0.43	0.29	0.42	0.87	0.39	0.75	-0.35	0.01	0.74	-0.55	0.77	-0.11	0.0	0.0	-0.46	-0.27	0.0	0.44	0.62	0.14	0.76
Other Current Liab	-0.38		0.05	-0.36	-0.49	0.01	-0.02	0.0	-0.49	-0.47	-0.1	0.13	-0.02	-0.53	0.05	-0.1	-0.03	0.02	-0.03	-0.11	0.55	0.02	0.17	-0.34	0.35	-0.11
Total Current Liabilities	-0.55	0.05		-0.65	-0.55	0.4	-0.59	-0.39	-0.52	0.12	-0.35	0.36	-0.25	-0.47	1.0	-0.37	0.4	-0.06	-0.03	0.97	0.1	-0.06	-0.19	-0.58	-0.22	-0.86
Total Stockholder Equity	0.99	-0.36	-0.65		0.87	-0.45	0.35	0.44	0.87	0.34	0.73	-0.36	0.05	0.74	-0.65	0.75	-0.15	0.0	-0.01	-0.57	-0.25	0.0	0.43	0.64	0.16	0.82
Property Plant And Equipment Net	0.87	-0.49	-0.55	0.87		-0.04	0.33	0.02	1.0	0.56	0.33	-0.4	0.0	0.69	-0.55	0.35	-0.17	0.02	0.03	-0.5	-0.38	0.02	0.42	0.7	-0.14	0.69
Net Debt	-0.43	0.01	0.4	-0.45	-0.04		-0.24	-1.0	-0.02	0.22	-0.8	0.24	-0.11	-0.37	0.4	-0.77	0.16	-0.1	-0.04	0.28	0.05	-0.1	0.11	-0.22	-0.58	-0.36
Retained Earnings	0.29	-0.02	-0.59	0.35	0.33	-0.24		0.23	0.3	-0.37	0.19	-0.86	-0.41	0.37	-0.59	0.15	-0.94	0.79	0.79	-0.56	-0.56	0.79	0.21	0.55	-0.24	0.6
Cash	0.42	0.0	-0.39	0.44	0.02	-1.0	0.23		0.01	-0.22	0.8	-0.22	0.12	0.37	-0.39	0.76	-0.14	0.09	0.04	-0.28	-0.05	0.09	-0.12	0.21	0.59	0.35
Non Current Assets Total	0.87	-0.49	-0.52	0.87	1.0	-0.02	0.3	0.01		0.58	0.33	-0.39	-0.01	0.67	-0.52	0.35	-0.14	0.0	0.02	-0.47	-0.36	0.0	0.42	0.67	-0.14	0.67
Other Assets	0.39	-0.47	0.12	0.34	0.56	0.22	-0.37	-0.22	0.58		-0.02	0.03	-0.04	0.23	0.12	-0.03	0.47	-0.41	-0.39	0.15	-0.13	-0.41	0.19	0.26	-0.08	-0.03
Cash And Short Term Investments	0.75	-0.1	-0.35	0.73	0.33	-0.8	0.19	0.8	0.33	-0.02		-0.2	-0.04	0.53	-0.35	0.98	-0.05	0.07	0.03	-0.24	-0.09	0.07	0.24	0.28	0.44	0.57
Common Stock Shares Outstanding	-0.35	0.13	0.36	-0.36	-0.4	0.24	-0.86	-0.22	-0.39	0.03	-0.2		0.62	-0.45	0.36	-0.1	0.83	-0.81	-0.78	0.29	0.73	-0.81	-0.21	-0.62	0.24	-0.42
Other Current Assets	0.01	-0.02	-0.25	0.05	0.0	-0.11	-0.41	0.12	-0.01	-0.04	-0.04	0.62		0.08	-0.25	0.08	0.48	-0.67	-0.65	-0.3	0.59	-0.67	-0.26	-0.08	0.21	0.04
Other Stockholder Equity	0.74	-0.53	-0.47	0.74	0.69	-0.37	0.37	0.37	0.67	0.23	0.53	-0.45	0.08		-0.47	0.52	-0.23	0.13	0.14	-0.38	-0.4	0.13	0.14	0.82	-0.15	0.57
Total Liab	-0.55	0.05	1.0	-0.65	-0.55	0.4	-0.59	-0.39	-0.52	0.12	-0.35	0.36	-0.25	-0.47		-0.37	0.4	-0.06	-0.03	0.97	0.1	-0.06	-0.19	-0.58	-0.22	-0.86
Total Current Assets	0.77	-0.1	-0.37	0.75	0.35	-0.77	0.15	0.76	0.35	-0.03	0.98	-0.1	0.08	0.52	-0.37		-0.01	-0.04	-0.06	-0.28	0.0	-0.04	0.3	0.29	0.44	0.58
Common Stock	-0.11	-0.03	0.4	-0.15	-0.17	0.16	-0.94	-0.14	-0.14	0.47	-0.05	0.83	0.48	-0.23	0.4	-0.01		-0.85	-0.85	0.38	0.55	-0.85	-0.12	-0.42	0.27	-0.38
Short Long Term Debt Total	0.0	0.02	-0.06	0.0	0.02	-0.1	0.79	0.09	0.0	-0.41	0.07	-0.81	-0.67	0.13	-0.06	-0.04	-0.85		0.99	0.0	-0.66	1.0	-0.03	0.18	-0.35	0.14
Current Deferred Revenue	0.0	-0.03	-0.03	-0.01	0.03	-0.04	0.79	0.04	0.02	-0.39	0.03	-0.78	-0.65	0.14	-0.03	-0.06	-0.85	0.99		0.02	-0.66	0.99	-0.02	0.19	-0.42	0.12
Accounts Payable	-0.46	-0.11	0.97	-0.57	-0.5	0.28	-0.56	-0.28	-0.47	0.15	-0.24	0.29	-0.3	-0.38	0.97	-0.28	0.38	0.0	0.02		-0.05	0.0	-0.26	-0.54	-0.16	-0.83
Non Currrent Assets Other	-0.27	0.55	0.1	-0.25	-0.38	0.05	-0.56	-0.05	-0.36	-0.13	-0.09	0.73	0.59	-0.4	0.1	0.0	0.55	-0.66	-0.66	-0.05		-0.66	-0.15	-0.5	0.33	-0.2
Short Term Debt	0.0	0.02	-0.06	0.0	0.02	-0.1	0.79	0.09	0.0	-0.41	0.07	-0.81	-0.67	0.13	-0.06	-0.04	-0.85	1.0	0.99	0.0	-0.66		-0.03	0.18	-0.35	0.14
Net Receivables	0.44	0.17	-0.19	0.43	0.42	0.11	0.21	-0.12	0.42	0.19	0.24	-0.21	-0.26	0.14	-0.19	0.3	-0.12	-0.03	-0.02	-0.26	-0.15	-0.03		0.46	-0.01	0.49
Inventory	0.62	-0.34	-0.58	0.64	0.7	-0.22	0.55	0.21	0.67	0.26	0.28	-0.62	-0.08	0.82	-0.58	0.29	-0.42	0.18	0.19	-0.54	-0.5	0.18	0.46		-0.19	0.62
Non Current Liabilities Total	0.14	0.35	-0.22	0.16	-0.14	-0.58	-0.24	0.59	-0.14	-0.08	0.44	0.24	0.21	-0.15	-0.22	0.44	0.27	-0.35	-0.42	-0.16	0.33	-0.35	-0.01	-0.19		0.05
Net Tangible Assets	0.76	-0.11	-0.86	0.82	0.69	-0.36	0.6	0.35	0.67	-0.03	0.57	-0.42	0.04	0.57	-0.86	0.58	-0.38	0.14	0.12	-0.83	-0.2	0.14	0.49	0.62	0.05

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Nevada Sunrise Account Relationship Matchups

Nevada Sunrise fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	2.5M	1.2M	4.0M	2.0M	1.8M	2.5M
Other Current Liab	21.5K	85.7K	153.3K	100.5K	90.5K	56.3K
Total Current Liabilities	779.9K	754.9K	153.3K	310.1K	356.6K	435.9K
Total Stockholder Equity	1.7M	444.9K	3.8M	1.7M	1.5M	2.2M
Property Plant And Equipment Net	1.1M	946.4K	1.4M	1.4M	1.3M	1.7M
Net Debt	(1.2M)	12.9K	(2.0M)	(221.8K)	(199.7K)	(209.6K)
Retained Earnings	(23.5M)	(25.6M)	(25.2M)	(27.9M)	(25.1M)	(23.9M)
Cash	1.2M	72.8K	2.1M	221.8K	255.1K	242.4K
Non Current Assets Total	1.2M	1.0M	1.5M	1.5M	1.3M	1.8M
Other Assets	109.3K	110.4K	102.2K	92.1K	105.9K	79.1K
Cash And Short Term Investments	1.2M	112.3K	2.3M	341.8K	393.1K	373.4K
Common Stock Shares Outstanding	56.0M	76.5M	85.2M	99.3M	114.2M	119.9M
Liabilities And Stockholders Equity	2.5M	1.2M	4.0M	2.0M	1.8M	2.5M
Other Current Assets	11.6K	35.6K	130.9K	155.9K	179.3K	188.2K
Other Stockholder Equity	812.0K	812.9K	778.3K	872.7K	785.4K	746.1K
Total Liab	779.9K	754.9K	153.3K	310.1K	356.6K	435.9K
Total Current Assets	1.2M	151.2K	2.5M	522.7K	601.1K	1.0M
Accumulated Other Comprehensive Income	4.2M	4.5M	4.7M	4.7M	5.4M	2.8M
Common Stock	21.0M	21.6M	24.3M	25.0M	28.7M	19.2M
Accounts Payable	758.4K	669.2K	151.1K	209.6K	241.0K	295.7K
Non Currrent Assets Other	4.3K	4.1K	92.1K	88.3K	101.5K	106.6K
Net Receivables	10.1K	3.3K	41.9K	25.0K	22.5K	36.5K
Net Tangible Assets	374.3K	1.7M	444.9K	3.8M	3.4M	2.5M
Property Plant Equipment	836.4K	1.1M	946.4K	1.4M	1.3M	1.8M
Short Term Investments	5.3K	39.4K	240.4K	120.0K	108.0K	102.6K
Net Invested Capital	1.7M	444.9K	3.8M	1.7M	1.5M	1.6M
Net Working Capital	422.3K	(603.7K)	2.3M	212.6K	244.5K	400.8K
Capital Stock	21.0M	21.6M	24.3M	25.0M	28.7M	23.8M

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