Northstar Long Term Debt vs Total Current Assets Analysis

ROOF Stock

0.28 0.02 6.67%

Northstar Clean financial indicator trend analysis is infinitely more than just investigating Northstar Clean Tech recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Northstar Clean Tech is a good investment. Please check the relationship between Northstar Clean Long Term Debt and its Total Current Assets accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Northstar Clean 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 census.

Long Term Debt vs Total Current Assets

Long Term Debt vs Total Current Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Northstar Clean Tech Long Term Debt account and Total Current Assets. At this time, the significance of the direction appears to have strong relationship.

The correlation between Northstar Clean's Long Term Debt and Total Current Assets is 0.71. Overlapping area represents the amount of variation of Long Term Debt that can explain the historical movement of Total Current Assets in the same time period over historical financial statements of Northstar Clean Technologies, assuming nothing else is changed. The correlation between historical values of Northstar Clean's Long Term Debt and Total Current 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 Debt of Northstar Clean Technologies are associated (or correlated) with its Total Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Assets has no effect on the direction of Long Term Debt i.e., Northstar Clean's Long Term Debt and Total Current Assets go up and down completely randomly.

Correlation Coefficient

0.71

Relationship Direction	Positive
Relationship Strength	Significant

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Long Term Debt

Long-term debt is a debt that Northstar Clean Tech has held for over one year. Long-term debt appears on Northstar Clean Technologies balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on Northstar Clean Technologies balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.

Total Current Assets

The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.

Most indicators from Northstar Clean's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Northstar Clean Tech 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in Northstar Clean 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 census.

Selling General Administrative is likely to drop to about 4.3 M in 2024. Tax Provision is likely to drop to about (274.9 K) in 2024

	2021	2022	2023	2024 (projected)
Reconciled Depreciation	462.0K	1.1M	1.1M	820.0K
Total Operating Expenses	6.8M	8.1M	6.6M	7.7M

Reconciled Depreciation Total Operating Expenses

Northstar Clean fundamental ratios Correlations

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Common Stock Shares Outstanding	Short Term Investments	Non Current Liabilities Total	Capital Lease Obligations	Total Liab	Net Invested Capital	Long Term Investments	Property Plant And Equipment Gross	Short Long Term Debt	Total Current Assets	Capital Stock	Net Working Capital	Long Term Debt	Intangible Assets	Other Current Liab	Non Current Liabilities Other
Total Assets		-0.06	0.8	0.97	-0.84	0.9	0.96	0.97	0.85	0.82	0.86	0.98	0.83	0.16	-0.85	0.95	-0.85	0.96	0.93	0.94	0.86	0.85	-0.66	-0.66
Total Current Liabilities	-0.06		-0.59	0.04	0.01	0.06	-0.07	0.01	0.36	-0.16	0.2	-0.03	0.28	-0.9	-0.01	0.12	0.38	-0.13	-0.15	-0.28	0.35	0.4	-0.23	-0.23
Total Stockholder Equity	0.8	-0.59		0.67	-0.57	0.55	0.84	0.68	0.44	0.62	0.55	0.72	0.48	0.71	-0.58	0.6	-0.79	0.87	0.72	0.93	0.4	0.44	-0.42	-0.42
Property Plant And Equipment Net	0.97	0.04	0.67		-0.91	0.97	0.88	1.0	0.89	0.89	0.9	1.0	0.87	-0.02	-0.93	0.99	-0.87	0.87	0.97	0.84	0.94	0.89	-0.69	-0.69
Retained Earnings	-0.84	0.01	-0.57	-0.91		-0.94	-0.69	-0.92	-0.89	-0.98	-0.94	-0.9	-0.92	0.11	1.0	-0.92	0.91	-0.68	-0.95	-0.66	-0.89	-0.85	0.83	0.83
Accounts Payable	0.9	0.06	0.55	0.97	-0.94		0.75	0.98	0.87	0.94	0.88	0.97	0.85	-0.14	-0.95	0.98	-0.88	0.74	0.97	0.7	0.95	0.85	-0.66	-0.66
Cash	0.96	-0.07	0.84	0.88	-0.69	0.75		0.87	0.77	0.65	0.77	0.89	0.74	0.28	-0.7	0.84	-0.72	1.0	0.81	0.98	0.74	0.8	-0.6	-0.6
Non Current Assets Total	0.97	0.01	0.68	1.0	-0.92	0.98	0.87		0.88	0.91	0.9	1.0	0.87	0.0	-0.93	0.99	-0.89	0.86	0.98	0.83	0.94	0.88	-0.68	-0.68
Common Stock Shares Outstanding	0.85	0.36	0.44	0.89	-0.89	0.87	0.77	0.88		0.79	0.98	0.87	0.99	-0.31	-0.9	0.91	-0.69	0.74	0.82	0.66	0.95	0.99	-0.9	-0.9
Short Term Investments	0.82	-0.16	0.62	0.89	-0.98	0.94	0.65	0.91	0.79		0.87	0.9	0.83	0.0	-0.98	0.89	-0.96	0.66	0.96	0.66	0.83	0.75	-0.72	-0.72
Non Current Liabilities Total	0.86	0.2	0.55	0.9	-0.94	0.88	0.77	0.9	0.98	0.87		0.88	1.0	-0.18	-0.95	0.9	-0.78	0.76	0.86	0.7	0.91	0.96	-0.93	-0.93
Capital Lease Obligations	0.98	-0.03	0.72	1.0	-0.9	0.97	0.89	1.0	0.87	0.9	0.88		0.85	0.04	-0.92	0.99	-0.89	0.88	0.98	0.86	0.92	0.86	-0.66	-0.66
Total Liab	0.83	0.28	0.48	0.87	-0.92	0.85	0.74	0.87	0.99	0.83	1.0	0.85		-0.25	-0.92	0.88	-0.73	0.72	0.82	0.66	0.91	0.97	-0.95	-0.95
Net Invested Capital	0.16	-0.9	0.71	-0.02	0.11	-0.14	0.28	0.0	-0.31	0.0	-0.18	0.04	-0.25		0.11	-0.12	-0.26	0.33	0.09	0.46	-0.35	-0.31	0.21	0.21
Long Term Investments	-0.85	-0.01	-0.58	-0.93	1.0	-0.95	-0.7	-0.93	-0.9	-0.98	-0.95	-0.92	-0.92	0.11		-0.93	0.91	-0.7	-0.95	-0.68	-0.9	-0.86	0.82	0.82
Property Plant And Equipment Gross	0.95	0.12	0.6	0.99	-0.92	0.98	0.84	0.99	0.91	0.89	0.9	0.99	0.88	-0.12	-0.93		-0.85	0.82	0.96	0.78	0.97	0.9	-0.69	-0.69
Short Long Term Debt	-0.85	0.38	-0.79	-0.87	0.91	-0.88	-0.72	-0.89	-0.69	-0.96	-0.78	-0.89	-0.73	-0.26	0.91	-0.85		-0.74	-0.96	-0.77	-0.72	-0.64	0.62	0.62
Total Current Assets	0.96	-0.13	0.87	0.87	-0.68	0.74	1.0	0.86	0.74	0.66	0.76	0.88	0.72	0.33	-0.7	0.82	-0.74		0.81	0.99	0.71	0.77	-0.59	-0.59
Capital Stock	0.93	-0.15	0.72	0.97	-0.95	0.97	0.81	0.98	0.82	0.96	0.86	0.98	0.82	0.09	-0.95	0.96	-0.96	0.81		0.81	0.87	0.79	-0.66	-0.66
Net Working Capital	0.94	-0.28	0.93	0.84	-0.66	0.7	0.98	0.83	0.66	0.66	0.7	0.86	0.66	0.46	-0.68	0.78	-0.77	0.99	0.81		0.63	0.68	-0.53	-0.53
Long Term Debt	0.86	0.35	0.4	0.94	-0.89	0.95	0.74	0.94	0.95	0.83	0.91	0.92	0.91	-0.35	-0.9	0.97	-0.72	0.71	0.87	0.63		0.95	-0.73	-0.73
Intangible Assets	0.85	0.4	0.44	0.89	-0.85	0.85	0.8	0.88	0.99	0.75	0.96	0.86	0.97	-0.31	-0.86	0.9	-0.64	0.77	0.79	0.68	0.95		-0.87	-0.87
Other Current Liab	-0.66	-0.23	-0.42	-0.69	0.83	-0.66	-0.6	-0.68	-0.9	-0.72	-0.93	-0.66	-0.95	0.21	0.82	-0.69	0.62	-0.59	-0.66	-0.53	-0.73	-0.87		1.0
Non Current Liabilities Other	-0.66	-0.23	-0.42	-0.69	0.83	-0.66	-0.6	-0.68	-0.9	-0.72	-0.93	-0.66	-0.95	0.21	0.82	-0.69	0.62	-0.59	-0.66	-0.53	-0.73	-0.87	1.0

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Northstar Long Term Debt vs Total Current Assets Analysis

Long Term Debt vs Total Current Assets

Long Term Debt vs Total Current Assets Correlation Analysis

Correlation Coefficient

Long Term Debt

Total Current Assets

Northstar Clean fundamental ratios Correlations

Northstar Clean Account Relationship Matchups

High Positive Relationship

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Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Capital Lease Obligations	+ 1.0	Property Plant And Equipment Net
Long Term Investments	+ 1.0	Retained Earnings
Total Current Assets	+ 1.0	Cash
Capital Lease Obligations	+ 1.0	Non Current Assets Total
Total Liab	+ 1.0	Non Current Liabilities Total

Long Term Investments	- 0.98	Short Term Investments
Short Term Investments	- 0.98	Retained Earnings
Capital Stock	- 0.96	Short Long Term Debt
Short Long Term Debt	- 0.96	Short Term Investments
Capital Stock	- 0.95	Long Term Investments
Non Current Liabilities Other	- 0.95	Total Liab