Norwest Accounts Payable vs Current Deferred Revenue Analysis

NWM Stock

0.02 0 5.56%

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

Accounts Payable vs Current Deferred Revenue

Accounts Payable vs Current Deferred Revenue Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Norwest Minerals Accounts Payable account and Current Deferred Revenue. At this time, the significance of the direction appears to have strong contrarian relationship.

The correlation between Norwest Minerals' Accounts Payable and Current Deferred Revenue is -0.62. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Current Deferred Revenue in the same time period over historical financial statements of Norwest Minerals, assuming nothing else is changed. The correlation between historical values of Norwest Minerals' Accounts Payable and Current Deferred Revenue is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Accounts Payable of Norwest Minerals are associated (or correlated) with its Current Deferred Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Current Deferred Revenue has no effect on the direction of Accounts Payable i.e., Norwest Minerals' Accounts Payable and Current Deferred Revenue go up and down completely randomly.

Correlation Coefficient

-0.62

Relationship Direction	Negative
Relationship Strength	Weak

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Accounts Payable

An accounting item on the balance sheet that represents Norwest Minerals obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Norwest Minerals are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.

Current Deferred Revenue

Revenue that has been collected but not yet earned, typically from prepaid service contracts or subscriptions. This amount is considered a liability until the service is provided or the subscription period ends.

Most indicators from Norwest Minerals' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Norwest Minerals 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 Norwest Minerals. 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.

Issuance Of Capital Stock is likely to gain to about 3.1 M in 2024, whereas Selling General Administrative is likely to drop slightly above 268.7 K in 2024.

Norwest Minerals fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Tangible Assets	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Total Liab	Net Invested Capital	Property Plant And Equipment Gross	Total Current Assets	Capital Stock	Net Working Capital
Total Assets		-0.16	-0.5	0.41	1.0	0.58	0.67	0.59	0.67	-0.98	-0.47	-0.79	0.96	-0.66	0.33	0.84	0.93	-0.69	-0.44	0.42	0.41	0.92	0.89	-0.8	0.92	-0.68
Short Long Term Debt Total	-0.16		0.77	0.29	-0.17	-0.66	0.04	-0.8	-0.66	0.34	0.51	0.71	-0.41	0.69	-0.79	-0.52	-0.1	0.24	-0.32	-0.68	0.29	-0.18	-0.42	0.69	-0.25	0.65
Other Current Liab	-0.5	0.77		0.32	-0.52	-0.86	-0.01	-0.72	-0.55	0.65	0.65	0.88	-0.7	0.59	-0.83	-0.56	-0.26	0.22	-0.18	-0.59	0.32	-0.34	-0.51	0.88	-0.4	0.54
Total Current Liabilities	0.41	0.29	0.32		0.38	-0.34	0.28	-0.12	0.1	-0.33	0.33	-0.05	0.28	-0.06	-0.27	0.3	0.54	-0.17	-0.59	-0.13	1.0	0.4	0.29	-0.06	0.37	-0.12
Total Stockholder Equity	1.0	-0.17	-0.52	0.38		0.6	0.67	0.6	0.67	-0.98	-0.49	-0.8	0.97	-0.67	0.34	0.84	0.92	-0.69	-0.42	0.43	0.38	0.92	0.89	-0.81	0.92	-0.68
Net Tangible Assets	0.58	-0.66	-0.86	-0.34	0.6		0.33	0.83	0.73	-0.71	-0.49	-0.84	0.73	-0.77	0.71	0.67	0.42	-0.47	-0.11	0.7	-0.34	0.56	0.7	-0.84	0.61	-0.73
Property Plant And Equipment Net	0.67	0.04	-0.01	0.28	0.67	0.33		0.54	0.66	-0.59	-0.33	-0.34	0.57	-0.64	0.12	0.6	0.84	-0.91	-0.42	0.21	0.28	0.87	0.78	-0.36	0.84	-0.67
Current Deferred Revenue	0.59	-0.8	-0.72	-0.12	0.6	0.83	0.54		0.96	-0.7	-0.62	-0.85	0.73	-0.97	0.73	0.83	0.6	-0.71	-0.06	0.79	-0.12	0.7	0.84	-0.85	0.74	-0.95
Net Debt	0.67	-0.66	-0.55	0.1	0.67	0.73	0.66	0.96		-0.74	-0.51	-0.8	0.76	-1.0	0.55	0.92	0.74	-0.79	-0.24	0.8	0.1	0.82	0.93	-0.81	0.86	-1.0
Retained Earnings	-0.98	0.34	0.65	-0.33	-0.98	-0.71	-0.59	-0.7	-0.74		0.51	0.89	-0.99	0.74	-0.49	-0.89	-0.88	0.63	0.42	-0.55	-0.33	-0.89	-0.91	0.9	-0.91	0.75
Accounts Payable	-0.47	0.51	0.65	0.33	-0.49	-0.49	-0.33	-0.62	-0.51	0.51		0.65	-0.57	0.52	-0.58	-0.53	-0.4	0.47	-0.39	-0.42	0.33	-0.43	-0.5	0.64	-0.43	0.49
Cash	-0.79	0.71	0.88	-0.05	-0.8	-0.84	-0.34	-0.85	-0.8	0.89	0.65		-0.92	0.82	-0.72	-0.87	-0.65	0.51	0.12	-0.73	-0.05	-0.7	-0.83	1.0	-0.74	0.81
Non Current Assets Total	0.96	-0.41	-0.7	0.28	0.97	0.73	0.57	0.73	0.76	-0.99	-0.57	-0.92		-0.77	0.52	0.9	0.86	-0.65	-0.33	0.58	0.28	0.88	0.91	-0.93	0.89	-0.77
Cash And Short Term Investments	-0.66	0.69	0.59	-0.06	-0.67	-0.77	-0.64	-0.97	-1.0	0.74	0.52	0.82	-0.77		-0.58	-0.91	-0.72	0.78	0.22	-0.81	-0.06	-0.8	-0.92	0.82	-0.84	1.0
Net Receivables	0.33	-0.79	-0.83	-0.27	0.34	0.71	0.12	0.73	0.55	-0.49	-0.58	-0.72	0.52	-0.58		0.43	0.2	-0.21	0.08	0.41	-0.27	0.26	0.44	-0.72	0.32	-0.54
Common Stock Total Equity	0.84	-0.52	-0.56	0.3	0.84	0.67	0.6	0.83	0.92	-0.89	-0.53	-0.87	0.9	-0.91	0.43		0.85	-0.71	-0.35	0.81	0.3	0.88	0.95	-0.88	0.91	-0.92
Common Stock Shares Outstanding	0.93	-0.1	-0.26	0.54	0.92	0.42	0.84	0.6	0.74	-0.88	-0.4	-0.65	0.86	-0.72	0.2	0.85		-0.82	-0.5	0.41	0.54	0.98	0.93	-0.66	0.97	-0.75
Non Current Liabilities Total	-0.69	0.24	0.22	-0.17	-0.69	-0.47	-0.91	-0.71	-0.79	0.63	0.47	0.51	-0.65	0.78	-0.21	-0.71	-0.82		0.14	-0.38	-0.17	-0.87	-0.85	0.52	-0.86	0.79
Inventory	-0.44	-0.32	-0.18	-0.59	-0.42	-0.11	-0.42	-0.06	-0.24	0.42	-0.39	0.12	-0.33	0.22	0.08	-0.35	-0.5	0.14		-0.15	-0.59	-0.48	-0.4	0.14	-0.49	0.27
Other Current Assets	0.42	-0.68	-0.59	-0.13	0.43	0.7	0.21	0.79	0.8	-0.55	-0.42	-0.73	0.58	-0.81	0.41	0.81	0.41	-0.38	-0.15		-0.13	0.5	0.66	-0.73	0.56	-0.79
Total Liab	0.41	0.29	0.32	1.0	0.38	-0.34	0.28	-0.12	0.1	-0.33	0.33	-0.05	0.28	-0.06	-0.27	0.3	0.54	-0.17	-0.59	-0.13		0.4	0.29	-0.06	0.37	-0.12
Net Invested Capital	0.92	-0.18	-0.34	0.4	0.92	0.56	0.87	0.7	0.82	-0.89	-0.43	-0.7	0.88	-0.8	0.26	0.88	0.98	-0.87	-0.48	0.5	0.4		0.97	-0.71	1.0	-0.83
Property Plant And Equipment Gross	0.89	-0.42	-0.51	0.29	0.89	0.7	0.78	0.84	0.93	-0.91	-0.5	-0.83	0.91	-0.92	0.44	0.95	0.93	-0.85	-0.4	0.66	0.29	0.97		-0.83	0.98	-0.93
Total Current Assets	-0.8	0.69	0.88	-0.06	-0.81	-0.84	-0.36	-0.85	-0.81	0.9	0.64	1.0	-0.93	0.82	-0.72	-0.88	-0.66	0.52	0.14	-0.73	-0.06	-0.71	-0.83		-0.75	0.81
Capital Stock	0.92	-0.25	-0.4	0.37	0.92	0.61	0.84	0.74	0.86	-0.91	-0.43	-0.74	0.89	-0.84	0.32	0.91	0.97	-0.86	-0.49	0.56	0.37	1.0	0.98	-0.75		-0.86
Net Working Capital	-0.68	0.65	0.54	-0.12	-0.68	-0.73	-0.67	-0.95	-1.0	0.75	0.49	0.81	-0.77	1.0	-0.54	-0.92	-0.75	0.79	0.27	-0.79	-0.12	-0.83	-0.93	0.81	-0.86

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Norwest Minerals Account Relationship Matchups

Norwest Minerals fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	10.2M	12.3M	13.3M	16.7M	19.9M	21.7M
Other Current Liab	7.9K	49.2K	56.1K	41.1K	187.2K	500K
Total Current Liabilities	450.1K	460.2K	794.4K	499.3K	659.5K	994.2K
Total Stockholder Equity	9.8M	11.8M	12.5M	16.2M	19.2M	20.8M
Net Tangible Assets	11.8M	12.5M	16.2M	19.2M	3.9M	3.7M
Property Plant And Equipment Net	38.5K	7.7K	15.0M	18.8M	21.4M	22.5M
Net Debt	(1.5M)	(1.1M)	(1.6M)	(1.0M)	130.3K	136.8K
Retained Earnings	(2.2M)	(3.5M)	(5.2M)	(6.6M)	(7.9M)	(9.0M)
Accounts Payable	433.4K	430.5K	745.2K	443.2K	618.4K	432.0K
Cash	3.3M	1.5M	1.1M	1.6M	1.0M	244.7K
Non Current Assets Total	6.7M	10.5M	12.0M	15.0M	18.8M	21.4M
Cash And Short Term Investments	1.5M	1.1M	1.6M	1.0M	244.7K	232.5K
Net Receivables	226.2K	56.8K	156.4K	143.2K	69.9K	82.4K
Common Stock Shares Outstanding	86.5M	112.1M	171.6M	221.7M	317.4M	163.7M
Liabilities And Stockholders Equity	12.3M	13.3M	16.7M	19.9M	21.7M	16.5M
Other Current Assets	203.7K	156.4K	143.2K	69.9K	82.4K	104.3K
Total Liab	450.1K	460.2K	794.4K	499.3K	659.5K	994.2K
Net Invested Capital	11.8M	12.5M	16.2M	19.2M	21.1M	15.8M
Property Plant And Equipment Gross	10.5M	12.0M	15.0M	18.8M	21.4M	13.9M
Total Current Assets	3.6M	1.8M	1.2M	1.7M	1.1M	327.1K
Accumulated Other Comprehensive Income	607.2K	898.9K	1.4M	1.7M	1.8M	1.1M
Capital Stock	14.7M	16.7M	21.4M	25.5M	27.9M	20.3M
Cash And Equivalents	1.5M	1.1M	1.6M	1.0M	912.3K	1.1M
Net Working Capital	1.3M	453.0K	1.2M	424.1K	(667.1K)	(633.8K)
Common Stock	14.7M	16.7M	21.4M	25.5M	27.9M	4.0M
Property Plant Equipment	10.5M	12.0M	15.0M	18.8M	4.0M	3.8M
Non Currrent Assets Other	10.5M	12.0M	(15.0M)	(18.8M)	21.4M	4.0M
Other Stockholder Equity	(11.2M)	(11.6M)	(14.8M)	(17.5M)	1.0	1.05

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