Nortec Long Term Investments vs Net Tangible Assets Analysis

NVT Stock

CAD 0.01 0.01 25.00%

Nortec Minerals financial indicator trend analysis is infinitely more than just investigating Nortec Minerals Corp recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Nortec Minerals Corp is a good investment. Please check the relationship between Nortec Minerals Long Term Investments and its Net Tangible Assets accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nortec Minerals Corp. 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.

Long Term Investments vs Net Tangible Assets

Long Term Investments vs Net Tangible Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Nortec Minerals Corp Long Term Investments account and Net Tangible Assets. At this time, the significance of the direction appears to have strong relationship.

The correlation between Nortec Minerals' Long Term Investments and Net Tangible Assets is 0.72. Overlapping area represents the amount of variation of Long Term Investments that can explain the historical movement of Net Tangible Assets in the same time period over historical financial statements of Nortec Minerals Corp, assuming nothing else is changed. The correlation between historical values of Nortec Minerals' Long Term Investments and Net Tangible Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Long Term Investments of Nortec Minerals Corp are associated (or correlated) with its Net Tangible Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Tangible Assets has no effect on the direction of Long Term Investments i.e., Nortec Minerals' Long Term Investments and Net Tangible Assets go up and down completely randomly.

Correlation Coefficient

0.72

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Long Term Investments

Long Term Investments is an item on the asset side of Nortec Minerals balance sheet that represents investments Nortec Minerals Corp intends to hold for over a year. Nortec Minerals Corp long term investments may include different instruments such as stocks, bonds, real estate and cash.

Net Tangible Assets

The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.

Most indicators from Nortec Minerals' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Nortec Minerals Corp 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 Nortec Minerals Corp. 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 254.1 K in 2024, whereas Issuance Of Capital Stock is likely to drop slightly above 79.3 K in 2024.

Nortec Minerals fundamental ratios Correlations

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Net Tangible Assets	Retained Earnings	Accounts Payable	Cash	Net Receivables	Short Term Investments	Total Liab	Long Term Investments	Total Current Assets	Common Stock	Property Plant Equipment	Other Stockholder Equity	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Common Stock Shares Outstanding	Net Invested Capital	Net Working Capital	Net Debt	Short Long Term Debt	Capital Stock	Short Term Debt	Property Plant And Equipment Net
Total Assets		-0.32	0.94	0.84	0.92	-0.04	0.01	0.35	0.53	-0.32	0.79	0.38	-0.7	0.93	-0.96	-0.08	-0.67	0.36	-0.2	0.4	0.4	0.44	0.28	-0.54	0.36	0.57
Total Current Liabilities	-0.32		-0.39	-0.33	-0.48	0.89	-0.26	-0.67	-0.42	1.0	-0.53	-0.59	0.49	-0.21	0.37	0.55	0.62	-0.07	0.57	0.08	-0.88	-0.03	0.21	0.32	-0.07	-0.25
Total Stockholder Equity	0.94	-0.39		0.9	0.93	-0.2	0.06	0.37	0.48	-0.39	0.74	0.47	-0.64	0.83	-0.83	0.04	-0.6	0.36	-0.17	0.48	0.33	0.47	0.3	-0.55	0.36	0.62
Net Tangible Assets	0.84	-0.33	0.9		0.74	-0.19	0.18	0.16	0.41	-0.33	0.72	0.53	-0.41	0.89	-0.8	-0.18	-0.39	0.2	-0.12	0.09	0.27	0.14	0.05	-0.25	0.2	0.22
Retained Earnings	0.92	-0.48	0.93	0.74		-0.26	0.04	0.48	0.61	-0.48	0.83	0.44	-0.83	0.74	-0.85	-0.04	-0.83	0.55	-0.21	0.54	0.48	0.6	0.38	-0.77	0.55	0.77
Accounts Payable	-0.04	0.89	-0.2	-0.19	-0.26		-0.3	-0.4	-0.1	0.89	-0.32	-0.49	0.28	0.05	0.06	0.44	0.37	-0.05	0.45	0.14	-0.64	0.0	0.17	0.24	-0.05	-0.1
Cash	0.01	-0.26	0.06	0.18	0.04	-0.3		0.18	0.3	-0.26	0.03	0.84	-0.13	0.03	-0.08	-0.47	-0.22	0.05	-0.37	-0.32	0.39	-0.22	-0.24	0.16	0.05	-0.19
Net Receivables	0.35	-0.67	0.37	0.16	0.48	-0.4	0.18		0.66	-0.67	0.28	0.49	-0.57	0.15	-0.32	-0.18	-0.61	0.2	-0.42	0.24	0.69	0.32	0.12	-0.44	0.2	0.51
Short Term Investments	0.53	-0.42	0.48	0.41	0.61	-0.1	0.3	0.66		-0.42	0.65	0.58	-0.65	0.44	-0.59	-0.44	-0.77	0.27	-0.27	0.03	0.63	0.26	0.13	-0.38	0.27	0.35
Total Liab	-0.32	1.0	-0.39	-0.33	-0.48	0.89	-0.26	-0.67	-0.42		-0.53	-0.59	0.49	-0.21	0.37	0.55	0.62	-0.07	0.57	0.08	-0.88	-0.03	0.21	0.32	-0.07	-0.25
Long Term Investments	0.79	-0.53	0.74	0.72	0.83	-0.32	0.03	0.28	0.65	-0.53		0.36	-0.77	0.75	-0.84	-0.43	-0.78	0.35	-0.22	0.09	0.59	0.27	0.1	-0.5	0.35	0.39
Total Current Assets	0.38	-0.59	0.47	0.53	0.44	-0.49	0.84	0.49	0.58	-0.59	0.36		-0.36	0.34	-0.4	-0.51	-0.51	0.12	-0.48	-0.15	0.62	-0.01	-0.13	-0.1	0.12	0.08
Common Stock	-0.7	0.49	-0.64	-0.41	-0.83	0.28	-0.13	-0.57	-0.65	0.49	-0.77	-0.36		-0.5	0.72	0.2	0.91	-0.49	0.27	-0.42	-0.62	-0.57	-0.37	0.73	-0.49	-0.72
Property Plant Equipment	0.93	-0.21	0.83	0.89	0.74	0.05	0.03	0.15	0.44	-0.21	0.75	0.34	-0.5		-0.95	-0.23	-0.48	0.19	-0.16	0.11	0.32	0.19	0.09	-0.27	0.19	0.25
Other Stockholder Equity	-0.96	0.37	-0.83	-0.8	-0.85	0.06	-0.08	-0.32	-0.59	0.37	-0.84	-0.4	0.72	-0.95		0.31	0.71	-0.26	0.27	-0.18	-0.52	-0.3	-0.15	0.43	-0.26	-0.42
Non Current Assets Total	-0.08	0.55	0.04	-0.18	-0.04	0.44	-0.47	-0.18	-0.44	0.55	-0.43	-0.51	0.2	-0.23	0.31		0.37	0.27	0.48	0.75	-0.73	0.43	0.46	-0.26	0.27	0.43
Non Currrent Assets Other	-0.67	0.62	-0.6	-0.39	-0.83	0.37	-0.22	-0.61	-0.77	0.62	-0.78	-0.51	0.91	-0.48	0.71	0.37		-0.48	0.39	-0.31	-0.77	-0.49	-0.24	0.71	-0.48	-0.67
Other Assets	0.36	-0.07	0.36	0.2	0.55	-0.05	0.05	0.2	0.27	-0.07	0.35	0.12	-0.49	0.19	-0.26	0.27	-0.48		0.18	0.51	0.04	0.51	0.32	-0.82	1.0	0.61
Common Stock Shares Outstanding	-0.2	0.57	-0.17	-0.12	-0.21	0.45	-0.37	-0.42	-0.27	0.57	-0.22	-0.48	0.27	-0.16	0.27	0.48	0.39	0.18		0.09	-0.7	-0.18	-0.11	-0.05	0.18	-0.07
Net Invested Capital	0.4	0.08	0.48	0.09	0.54	0.14	-0.32	0.24	0.03	0.08	0.09	-0.15	-0.42	0.11	-0.18	0.75	-0.31	0.51	0.09		-0.15	0.77	0.63	-0.71	0.51	0.91
Net Working Capital	0.4	-0.88	0.33	0.27	0.48	-0.64	0.39	0.69	0.63	-0.88	0.59	0.62	-0.62	0.32	-0.52	-0.73	-0.77	0.04	-0.7	-0.15		0.02	-0.2	-0.24	0.04	0.22
Net Debt	0.44	-0.03	0.47	0.14	0.6	0.0	-0.22	0.32	0.26	-0.03	0.27	-0.01	-0.57	0.19	-0.3	0.43	-0.49	0.51	-0.18	0.77	0.02		0.94	-0.76	0.51	0.81
Short Long Term Debt	0.28	0.21	0.3	0.05	0.38	0.17	-0.24	0.12	0.13	0.21	0.1	-0.13	-0.37	0.09	-0.15	0.46	-0.24	0.32	-0.11	0.63	-0.2	0.94		-0.53	0.32	0.59
Capital Stock	-0.54	0.32	-0.55	-0.25	-0.77	0.24	0.16	-0.44	-0.38	0.32	-0.5	-0.1	0.73	-0.27	0.43	-0.26	0.71	-0.82	-0.05	-0.71	-0.24	-0.76	-0.53		-0.82	-0.89
Short Term Debt	0.36	-0.07	0.36	0.2	0.55	-0.05	0.05	0.2	0.27	-0.07	0.35	0.12	-0.49	0.19	-0.26	0.27	-0.48	1.0	0.18	0.51	0.04	0.51	0.32	-0.82		0.61
Property Plant And Equipment Net	0.57	-0.25	0.62	0.22	0.77	-0.1	-0.19	0.51	0.35	-0.25	0.39	0.08	-0.72	0.25	-0.42	0.43	-0.67	0.61	-0.07	0.91	0.22	0.81	0.59	-0.89	0.61

Click cells to compare fundamentals

Nortec Minerals Account Relationship Matchups

Nortec Minerals fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	3.2M	3.3M	206.0K	595.9K	348.6K	331.2K
Total Current Liabilities	1.1M	853.4K	636.9K	628.4K	387.2K	537.2K
Total Stockholder Equity	2.1M	2.4M	(430.9K)	(32.5K)	(38.6K)	(36.7K)
Net Tangible Assets	1.5M	2.1M	2.1M	2.4M	2.2M	1.7M
Retained Earnings	(23.0M)	(23.2M)	(26.3M)	(27.1M)	(27.3M)	(28.6M)
Accounts Payable	463.8K	465.0K	231.1K	274.4K	187.1K	253.4K
Cash	5.2K	58.7K	114.7K	557.4K	115.3K	187.3K
Net Receivables	4.0K	6.7K	2.0K	5.4K	4.8K	7.3K
Total Liab	1.1M	853.4K	636.9K	628.4K	387.2K	537.2K
Long Term Investments	14.1K	13.8K	88.4K	33.1K	13.5K	12.8K
Total Current Assets	12.9K	102.7K	117.6K	562.8K	335.1K	228.8K
Common Stock	19.7M	20.7M	21.0M	21.5M	24.8M	21.4M
Property Plant Equipment	1.2M	2.4M	3.1M	3.2M	2.8M	2.6M
Other Stockholder Equity	4.6M	4.3M	4.1M	4.1M	4.8M	4.0M
Non Current Assets Total	3.1M	3.2M	88.4K	33.1K	13.5K	12.8K
Common Stock Shares Outstanding	77.7M	109.3M	114.3M	51.0M	53.4M	61.1M
Net Invested Capital	2.5M	2.6M	(285.9K)	112.5K	106.4K	101.0K
Net Working Capital	(1.0M)	(750.7K)	(519.3K)	(65.6K)	(52.2K)	(54.8K)
Net Debt	424.6K	86.3K	30.3K	29.7K	26.7K	25.4K
Capital Stock	21.0M	21.5M	21.6M	23.0M	23.0M	24.0M

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.

Explore Investing Ideas

Additional Tools for Nortec Stock Analysis

When running Nortec Minerals' price analysis, check to measure Nortec Minerals' 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 Nortec Minerals is operating at the current time. Most of Nortec Minerals' value examination focuses on studying past and present price action to predict the probability of Nortec Minerals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nortec Minerals' price. Additionally, you may evaluate how the addition of Nortec Minerals to your portfolios can decrease your overall portfolio volatility.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC