Northern Star Total Debt vs. Shares Outstanding

NST Stock   16.44  0.31  1.85%   
Considering Northern Star's profitability and operating efficiency indicators, Northern Star Resources may not be well positioned to generate adequate gross income at the present time. It has a very high likelihood of underperforming in January. Profitability indicators assess Northern Star's ability to earn profits and add value for shareholders.
For Northern Star profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Northern Star to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Northern Star Resources utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Northern Star's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Northern Star Resources over time as well as its relative position and ranking within its peers.
  
Check out Correlation Analysis.
Please note, there is a significant difference between Northern Star's value and its price as these two are different measures arrived at by different means. Investors typically determine if Northern Star is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Northern Star'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.

Northern Star Resources Shares Outstanding vs. Total Debt Fundamental Analysis

Comparative valuation techniques use various fundamental indicators to help in determining Northern Star's current stock value. Our valuation model uses many indicators to compare Northern Star value to that of its competitors to determine the firm's financial worth.
Northern Star Resources is rated top company in total debt category among its peers. It is regarded second in shares outstanding category among its peers creating about  0.86  of Shares Outstanding per Total Debt. The ratio of Total Debt to Shares Outstanding for Northern Star Resources is roughly  1.17 . Common Stock Shares Outstanding is likely to gain to about 1.2 B in 2024. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Northern Star's earnings, one of the primary drivers of an investment's value.

Northern Total Debt vs. Competition

Northern Star Resources is rated top company in total debt category among its peers. Total debt of Materials industry is now estimated at about 3.82 Billion. Northern Star totals roughly 1.34 Billion in total debt claiming about 35% of all equities under Materials industry.
Total debt  Capitalization  Valuation  Revenue  Workforce

Northern Shares Outstanding vs. Total Debt

Total Debt refers to the amount of long term interest-bearing liabilities that a company carries on its balance sheet. That may include bonds sold to the public, notes written to banks or capital leases. Typically, debt can help a company magnify its earnings, but the burden of interest and principal payments will eventually prevent the firm from borrow excessively.

Northern Star

Total Debt

 = 

Bonds

+

Notes

 = 
1.34 B
In most industries, total debt may also include the current portion of long-term debt. Since debt terms vary widely from one company to another, simply comparing outstanding debt obligations between different companies may not be adequate. It is usually meant to compare total debt amounts between companies that operate within the same sector.
Outstanding Shares are shares of common stock of a public company that were purchased by investors after they were authorized and issued by the company to the public. Outstanding Shares are typically reported on fully diluted basis, including exotic instruments such as options, or convertibles bonds.

Northern Star

Shares Outstanding

 = 

Public Shares

-

Repurchased

 = 
1.15 B
Outstanding shares that are stated on company Balance Sheet are used when calculating many important valuation and performance indicators including Return on Equity, Market Cap, EPS and many others.

Northern Shares Outstanding Comparison

Northern Star is currently under evaluation in shares outstanding category among its peers.

Northern Star Profitability Projections

The most important aspect of a successful company is its ability to generate a profit. For investors in Northern Star, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Northern Star will eventually generate negative long term returns. The profitability progress is the general direction of Northern Star's change in net profit over the period of time. It can combine multiple indicators of Northern Star, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
Last ReportedProjected for Next Year
Accumulated Other Comprehensive Income102.2 M107.3 M
Operating IncomeB1.1 B
Income Before Tax927.4 M973.8 M
Total Other Income Expense Net-102.9 M-97.8 M
Net Income638.5 M670.4 M
Income Tax Expense288.9 M303.3 M
Net Income Applicable To Common Shares673 M706.6 M
Net Income From Continuing Ops638.5 M413.2 M
Net Interest Income-60 M-57 M
Interest Income54.3 M57 M
Change To Netincome-385.6 M-366.3 M

Northern Profitability Driver Comparison

Profitability drivers are factors that can directly affect your investment outlook on Northern Star. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Northern Star position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Northern Star's important profitability drivers and their relationship over time.

Use Northern Star in pair-trading

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Northern Star position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Northern Star will appreciate offsetting losses from the drop in the long position's value.

Northern Star Pair Trading

Northern Star Resources Pair Trading Analysis

The ability to find closely correlated positions to Northern Star could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Northern Star when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Northern Star - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Northern Star Resources to buy it.
The correlation of Northern Star is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Northern Star moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Northern Star Resources moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Northern Star can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching

Use Investing Themes to Complement your Northern Star position

In addition to having Northern Star in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

Did You Try This Idea?

Run Services Thematic Idea Now

Services
Services Theme
Companies involved in delivering services to business or consumers across different industries and sectors. The Services theme has 30 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Services Theme or any other thematic opportunities.
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Additional Tools for Northern Stock Analysis

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