| NAM Stock | | | CAD 0.1 0.01 5.00% |
New Age financial indicator trend analysis is infinitely more than just investigating New Age Metals recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether New Age Metals is a good investment. Please check the relationship between New Age Total Current Liabilities and its Net Debt accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in New Age Metals. 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.
Total Current Liabilities vs Net Debt
Total Current Liabilities vs Net Debt Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
New Age Metals Total Current Liabilities account and
Net Debt. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between New Age's Total Current Liabilities and Net Debt is -0.41. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Net Debt in the same time period over historical financial statements of New Age Metals, assuming nothing else is changed. The correlation between historical values of New Age's Total Current Liabilities and Net Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Current Liabilities of New Age Metals are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Total Current Liabilities i.e., New Age's Total Current Liabilities and Net Debt go up and down completely randomly.
Correlation Coefficient | -0.41 |
| Relationship Direction | Negative |
| Relationship Strength | Very Weak |
Total Current Liabilities
Total Current Liabilities is an item on New Age balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of New Age Metals are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.
Net Debt
The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.
Most indicators from New Age's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into New Age Metals 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 New Age Metals. 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.
At this time, New Age's
Selling General Administrative is fairly stable compared to the past year.
Enterprise Value is likely to climb to about 10.7
M in 2024, whereas
Issuance Of Capital Stock is likely to drop 0.00 in 2024.
New Age fundamental ratios Correlations
Click cells to compare fundamentals
New Age Account Relationship Matchups
High Positive Relationship
High Negative Relationship
New Age fundamental ratios Accounts
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