True Non Currrent Assets Other vs Other Current Liab Analysis

TNC Stock   0.03  0.00  0.00%   
True North financial indicator trend analysis is much more than just breaking down True North Copper prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether True North Copper is a good investment. Please check the relationship between True North Non Currrent Assets Other and its Other Current Liab accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in True North Copper. 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.

Non Currrent Assets Other vs Other Current Liab

Non Currrent Assets Other vs Other Current Liab Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of True North Copper Non Currrent Assets Other account and Other Current Liab. At this time, the significance of the direction appears to have pay attention.
The correlation between True North's Non Currrent Assets Other and Other Current Liab is -0.79. Overlapping area represents the amount of variation of Non Currrent Assets Other that can explain the historical movement of Other Current Liab in the same time period over historical financial statements of True North Copper, assuming nothing else is changed. The correlation between historical values of True North's Non Currrent Assets Other and Other Current Liab is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Currrent Assets Other of True North Copper are associated (or correlated) with its Other Current Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Liab has no effect on the direction of Non Currrent Assets Other i.e., True North's Non Currrent Assets Other and Other Current Liab go up and down completely randomly.

Correlation Coefficient

-0.79
Relationship DirectionNegative 
Relationship StrengthWeak

Non Currrent Assets Other

Assets that are not physical or tangible, expected to provide value for more than one year, and not easily converted into cash, such as long-term investments or patents.

Other Current Liab

Most indicators from True North's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into True North Copper 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 World Market Map to better understand how to build diversified portfolios, which includes a position in True North Copper. 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 gain to about 4.5 M in 2024. Issuance Of Capital Stock is likely to gain to about 57.2 M in 2024
 2010 2023 2024 (projected)
Gross Profit1.2M1.1M940.9K
Total Revenue1.5M1.3M1.2M

True North fundamental ratios Correlations

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0.990.96-0.991.00.90.650.990.991.00.881.0-0.91.0-0.81.01.00.881.01.0-0.99-0.86-0.09-0.81.00.95
0.940.89-0.90.910.90.770.910.940.920.910.92-0.970.92-0.710.890.890.910.920.93-0.9-0.920.23-0.710.880.84
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1.00.93-0.980.990.990.940.650.980.990.911.0-0.941.0-0.780.990.990.911.01.0-0.99-0.920.05-0.780.980.94
0.990.96-0.981.01.00.920.660.990.990.891.0-0.911.0-0.81.01.00.891.01.0-0.99-0.87-0.05-0.81.00.95
0.910.85-0.910.880.880.910.770.880.910.890.9-0.980.9-0.50.870.871.00.90.9-0.91-0.880.07-0.50.870.94
0.990.95-0.990.991.00.920.660.991.01.00.9-0.921.0-0.791.01.00.91.01.0-0.99-0.88-0.04-0.790.990.95
-0.93-0.870.92-0.91-0.9-0.97-0.78-0.9-0.94-0.91-0.98-0.92-0.920.57-0.89-0.89-0.98-0.92-0.920.930.93-0.170.57-0.88-0.9
0.990.95-0.990.991.00.920.660.991.01.00.91.0-0.92-0.791.01.00.91.01.0-0.99-0.88-0.04-0.790.990.95
-0.78-0.760.69-0.79-0.8-0.71-0.37-0.79-0.78-0.8-0.5-0.790.57-0.79-0.8-0.79-0.5-0.79-0.80.710.620.021.0-0.79-0.65
0.990.95-0.981.01.00.890.630.990.991.00.871.0-0.891.0-0.81.00.871.01.0-0.99-0.85-0.1-0.81.00.95
0.980.96-0.991.01.00.890.640.990.991.00.871.0-0.891.0-0.791.00.871.00.99-0.99-0.84-0.12-0.791.00.95
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0.990.95-0.981.01.00.930.670.991.01.00.91.0-0.921.0-0.81.00.990.91.0-0.99-0.88-0.03-0.80.990.94
-0.99-0.931.0-0.98-0.99-0.9-0.63-0.97-0.99-0.99-0.91-0.990.93-0.990.71-0.99-0.99-0.91-0.99-0.990.90.030.71-0.99-0.95
-0.93-0.740.87-0.84-0.86-0.92-0.52-0.82-0.92-0.87-0.88-0.880.93-0.880.62-0.85-0.84-0.88-0.88-0.880.9-0.410.62-0.84-0.81
0.06-0.230.08-0.12-0.090.23-0.16-0.150.05-0.050.07-0.04-0.17-0.040.02-0.1-0.120.07-0.03-0.030.03-0.410.02-0.12-0.17
-0.78-0.760.69-0.79-0.8-0.71-0.37-0.79-0.78-0.8-0.5-0.790.57-0.791.0-0.8-0.79-0.5-0.79-0.80.710.620.02-0.79-0.65
0.980.95-0.980.991.00.880.630.990.981.00.870.99-0.880.99-0.791.01.00.870.990.99-0.99-0.84-0.12-0.790.95
0.930.91-0.950.950.950.840.670.940.940.950.940.95-0.90.95-0.650.950.950.940.950.94-0.95-0.81-0.17-0.650.95
Click cells to compare fundamentals

True North Account Relationship Matchups

True North fundamental ratios Accounts

201920202021202220232024 (projected)
Total Current Liabilities350.9K1.2M5.8M16.6M19.1M20.1M
Net Tangible Assets2.7M15.8M(3.7M)29.6M34.0M35.7M
Retained Earnings(884.9K)(2.3M)(3.7M)(37.8M)(34.0M)(32.3M)
Accounts Payable339.7K1.1M286.5K5.4M6.2M6.5M
Net Receivables26.2K314.6K356.6K502.4K577.8K606.7K
Total Current Assets1.7M9.6M1.1M6.7M7.8M4.4M
Common Stock3.6M17.7M100.067.0M77.1M80.9M
Property Plant Equipment1.3M7.3M21.7M68.2M78.5M82.4M

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