Neuroone Total Assets vs Total Current Liabilities Analysis
NMTC Stock | USD 0.76 0.02 2.70% |
Neuroone Medical financial indicator trend analysis is infinitely more than just investigating Neuroone Medical Tec recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Neuroone Medical Tec is a good investment. Please check the relationship between Neuroone Medical Total Assets and its Total Current Liabilities accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Neuroone Medical Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.
Total Assets vs Total Current Liabilities
Total Assets vs Total Current Liabilities Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Neuroone Medical Tec Total Assets account and Total Current Liabilities. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Neuroone Medical's Total Assets and Total Current Liabilities is 0.55. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of Neuroone Medical Technologies, assuming nothing else is changed. The correlation between historical values of Neuroone Medical's Total Assets and Total Current Liabilities 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 Assets of Neuroone Medical Technologies are associated (or correlated) with its Total Current Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Liabilities has no effect on the direction of Total Assets i.e., Neuroone Medical's Total Assets and Total Current Liabilities go up and down completely randomly.
Correlation Coefficient | 0.55 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Total Assets
Total assets refers to the total amount of Neuroone Medical assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Neuroone Medical Tec books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.Total Current Liabilities
Total Current Liabilities is an item on Neuroone Medical balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Neuroone Medical Technologies 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.Most indicators from Neuroone Medical's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Neuroone Medical Tec 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 Neuroone Medical Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate. At present, Neuroone Medical's Issuance Of Capital Stock is projected to increase significantly based on the last few years of reporting. The current year's Sales General And Administrative To Revenue is expected to grow to 14.55, whereas Enterprise Value Over EBITDA is forecasted to decline to (9.44).
Neuroone Medical fundamental ratios Correlations
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Neuroone Medical Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Neuroone Medical fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Common Stock Shares Outstanding | 5.4M | 10.7M | 16.0M | 18.1M | 26.8M | 28.1M | |
Total Assets | 4.8M | 7.9M | 12.8M | 8.1M | 5.4M | 3.0M | |
Other Current Liab | 454.9K | 531.5K | 632.5K | 978.4K | 1.1M | 1.2M | |
Total Current Liabilities | 2.4M | 1.2M | 3.1M | 1.8M | 2.2M | 1.3M | |
Total Stockholder Equity | 2.1M | 6.6M | 9.6M | 6.2M | 822.0K | 1.5M | |
Net Debt | (2.7M) | (6.6M) | (8.0M) | (5.1M) | (1.2M) | (1.3M) | |
Retained Earnings | (30.9M) | (40.8M) | (50.8M) | (62.7M) | (75.0M) | (71.3M) | |
Cash | 4.0M | 6.9M | 8.2M | 5.3M | 1.5M | 2.0M | |
Cash And Short Term Investments | 4.0M | 6.9M | 11.1M | 5.3M | 1.5M | 2.3M | |
Liabilities And Stockholders Equity | 4.8M | 7.9M | 12.8M | 8.1M | 5.4M | 3.0M | |
Non Current Liabilities Total | 337.7K | 202.9K | 119.6K | 55.3K | 2.3M | 2.5M | |
Total Liab | 2.7M | 1.4M | 3.2M | 1.8M | 4.5M | 4.8M | |
Total Current Assets | 4.2M | 7.3M | 12.2M | 7.3M | 4.6M | 2.7M | |
Common Stock | 22.2K | 12.0K | 16.2K | 23.9K | 30.8K | 32.4K | |
Other Stockholder Equity | 32.9M | 47.4M | 60.4M | 68.9M | 75.8M | 79.6M | |
Accounts Payable | 762.5K | 528.8K | 927.7K | 685.1K | 1.0M | 535.1K | |
Net Tangible Assets | (1.4M) | 1.9M | 6.4M | 9.5M | 10.9M | 11.5M | |
Non Current Assets Total | 604.8K | 646.5K | 646.8K | 784.4K | 739.0K | 445.5K | |
Non Currrent Assets Other | 200.1K | 230.9K | 156.5K | (784.4K) | (706.0K) | (670.7K) | |
Other Current Assets | 118.6K | 244.0K | 296.6K | 263.7K | 359.1K | 377.0K | |
Intangible Assets | 156.5K | 134.2K | 111.9K | 89.6K | 67.3K | 113.3K | |
Property Plant Equipment | 52.0K | 448.2K | 512.3K | 535.0K | 615.2K | 646.0K | |
Net Invested Capital | 3.1M | 6.6M | 9.6M | 6.2M | 822.0K | 780.9K | |
Net Working Capital | 1.8M | 6.1M | 9.1M | 5.5M | 2.4M | 2.2M | |
Capital Stock | 22.2K | 35.8K | 16.2K | 23.9K | 30.8K | 23.9K | |
Property Plant And Equipment Net | 448.2K | 512.3K | 535.0K | 694.8K | 671.8K | 534.2K |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Neuroone Medical Tec offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Neuroone Medical's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Neuroone Medical Technologies Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Neuroone Medical Technologies Stock:Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Neuroone Medical Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate. You can also try the Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.
Is Health Care Equipment & Supplies space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Neuroone Medical. If investors know Neuroone will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Neuroone Medical listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.46) | Revenue Per Share 0.158 | Quarterly Revenue Growth 0.311 | Return On Assets (1.43) | Return On Equity (3.49) |
The market value of Neuroone Medical Tec is measured differently than its book value, which is the value of Neuroone that is recorded on the company's balance sheet. Investors also form their own opinion of Neuroone Medical's value that differs from its market value or its book value, called intrinsic value, which is Neuroone Medical's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Neuroone Medical's market value can be influenced by many factors that don't directly affect Neuroone Medical's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Neuroone Medical's value and its price as these two are different measures arrived at by different means. Investors typically determine if Neuroone Medical is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Neuroone Medical's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.