Northcliff Change In Working Capital vs Change To Netincome Analysis

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Northcliff Resources financial indicator trend analysis is infinitely more than just investigating Northcliff Resources recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Northcliff Resources is a good investment. Please check the relationship between Northcliff Resources Change In Working Capital and its Change To Netincome accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Northcliff Resources. 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.

Change In Working Capital vs Change To Netincome

Change In Working Capital vs Change To Netincome Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Northcliff Resources Change In Working Capital account and Change To Netincome. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Northcliff Resources' Change In Working Capital and Change To Netincome is -0.5. Overlapping area represents the amount of variation of Change In Working Capital that can explain the historical movement of Change To Netincome in the same time period over historical financial statements of Northcliff Resources, assuming nothing else is changed. The correlation between historical values of Northcliff Resources' Change In Working Capital and Change To Netincome is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Change In Working Capital of Northcliff Resources are associated (or correlated) with its Change To Netincome. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Change To Netincome has no effect on the direction of Change In Working Capital i.e., Northcliff Resources' Change In Working Capital and Change To Netincome go up and down completely randomly.

Correlation Coefficient

-0.5

Relationship Direction	Negative
Relationship Strength	Very Weak

View All Relationships

Change In Working Capital

The difference in the amount of working capital from one period to the next, indicating the change in a company's short-term assets and liabilities.

Change To Netincome

Most indicators from Northcliff Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Northcliff Resources 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 Northcliff Resources. 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, Northcliff Resources' Selling General Administrative is very stable compared to the past year. As of the 27th of November 2024, Issuance Of Capital Stock is likely to grow to about 1 M, while Enterprise Value Over EBITDA is likely to drop (3.44).

	2021	2022	2023	2024 (projected)
Interest Income	233.5K	180.0K	207.0K	217.3K
Minority Interest	62.0K	129.7K	116.8K	110.9K

Interest Income Minority Interest

Northcliff Resources fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Short Term Investments	Non Current Liabilities Total	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Non Currrent Assets Other	Common Stock	Long Term Investments	Net Tangible Assets
Total Assets		-0.29	0.34	-0.08	0.93	0.96	0.07	-0.84	-0.02	-0.23	0.96	-0.23	-0.69	0.85	0.45	-0.43	-0.25	-0.44	-0.08	0.96	-0.72	-0.3	0.14	0.8	-0.61	0.62
Short Long Term Debt Total	-0.29		0.21	0.9	-0.59	-0.39	0.6	0.52	-0.25	-0.17	-0.39	-0.11	0.74	-0.15	0.08	0.91	-0.1	-0.32	0.9	-0.39	0.47	0.99	-0.17	-0.11	0.09	-0.22
Other Current Liab	0.34	0.21		0.58	0.12	0.24	-0.12	-0.34	0.37	0.29	0.23	0.29	-0.32	0.2	-0.34	0.26	0.14	0.14	0.58	0.24	-0.03	0.25	-0.31	0.07	-0.25	-0.3
Total Current Liabilities	-0.08	0.9	0.58		-0.43	-0.22	0.45	0.32	0.06	-0.02	-0.22	0.03	0.51	-0.03	-0.08	0.86	-0.05	-0.2	1.0	-0.22	0.41	0.92	-0.28	-0.06	0.05	-0.3
Total Stockholder Equity	0.93	-0.59	0.12	-0.43		0.93	-0.13	-0.88	-0.02	-0.16	0.93	-0.16	-0.82	0.78	0.43	-0.69	-0.15	-0.32	-0.43	0.93	-0.77	-0.61	0.24	0.73	-0.57	0.68
Property Plant And Equipment Net	0.96	-0.39	0.24	-0.22	0.93		0.14	-0.84	-0.13	-0.38	1.0	-0.41	-0.72	0.77	0.39	-0.52	-0.33	-0.37	-0.22	1.0	-0.87	-0.4	0.09	0.81	-0.67	0.54
Net Debt	0.07	0.6	-0.12	0.45	-0.13	0.14		0.21	-0.57	-0.89	0.14	-0.84	0.51	0.24	0.27	0.37	-0.46	-0.53	0.45	0.14	-0.29	0.58	-0.19	0.37	-0.25	0.13
Retained Earnings	-0.84	0.52	-0.34	0.32	-0.88	-0.84	0.21		0.01	0.02	-0.84	0.0	0.91	-0.79	-0.19	0.65	0.1	0.21	0.32	-0.84	0.72	0.53	-0.02	-0.65	0.54	-0.44
Accounts Payable	-0.02	-0.25	0.37	0.06	-0.02	-0.13	-0.57	0.01		0.54	-0.13	0.56	-0.17	-0.17	-0.44	-0.02	0.15	0.49	0.06	-0.13	0.31	-0.22	-0.12	-0.46	0.23	-0.29
Cash	-0.23	-0.17	0.29	-0.02	-0.16	-0.38	-0.89	0.02	0.54		-0.38	0.97	-0.22	-0.36	-0.28	0.07	0.52	0.46	-0.02	-0.38	0.62	-0.14	0.14	-0.48	0.36	-0.28
Non Current Assets Total	0.96	-0.39	0.23	-0.22	0.93	1.0	0.14	-0.84	-0.13	-0.38		-0.41	-0.72	0.78	0.39	-0.52	-0.33	-0.37	-0.22	1.0	-0.87	-0.4	0.09	0.81	-0.67	0.54
Cash And Short Term Investments	-0.23	-0.11	0.29	0.03	-0.16	-0.41	-0.84	0.0	0.56	0.97	-0.41		-0.19	-0.24	-0.28	0.06	0.55	0.39	0.03	-0.41	0.63	-0.1	0.11	-0.48	0.4	-0.2
Net Receivables	-0.69	0.74	-0.32	0.51	-0.82	-0.72	0.51	0.91	-0.17	-0.22	-0.72	-0.19		-0.52	0.02	0.74	-0.09	-0.13	0.51	-0.72	0.63	0.74	-0.07	-0.4	0.43	-0.28
Common Stock Shares Outstanding	0.85	-0.15	0.2	-0.03	0.78	0.77	0.24	-0.79	-0.17	-0.36	0.78	-0.24	-0.52		0.42	-0.44	-0.17	-0.61	-0.03	0.78	-0.66	-0.19	-0.02	0.78	-0.5	0.7
Short Term Investments	0.45	0.08	-0.34	-0.08	0.43	0.39	0.27	-0.19	-0.44	-0.28	0.39	-0.28	0.02	0.42		-0.07	-0.35	-0.84	-0.08	0.39	-0.21	0.01	0.61	0.68	-0.3	0.81
Non Current Liabilities Total	-0.43	0.91	0.26	0.86	-0.69	-0.52	0.37	0.65	-0.02	0.07	-0.52	0.06	0.74	-0.44	-0.07		-0.07	-0.06	0.86	-0.52	0.63	0.92	-0.13	-0.32	0.18	-0.41
Other Current Assets	-0.25	-0.1	0.14	-0.05	-0.15	-0.33	-0.46	0.1	0.15	0.52	-0.33	0.55	-0.09	-0.17	-0.35	-0.07		0.29	-0.05	-0.33	0.38	-0.07	-0.14	-0.33	0.35	-0.25
Other Stockholder Equity	-0.44	-0.32	0.14	-0.2	-0.32	-0.37	-0.53	0.21	0.49	0.46	-0.37	0.39	-0.13	-0.61	-0.84	-0.06	0.29		-0.2	-0.37	0.24	-0.26	-0.19	-0.72	0.4	-0.72
Total Liab	-0.08	0.9	0.58	1.0	-0.43	-0.22	0.45	0.32	0.06	-0.02	-0.22	0.03	0.51	-0.03	-0.08	0.86	-0.05	-0.2		-0.22	0.41	0.92	-0.28	-0.06	0.05	-0.3
Property Plant And Equipment Gross	0.96	-0.39	0.24	-0.22	0.93	1.0	0.14	-0.84	-0.13	-0.38	1.0	-0.41	-0.72	0.78	0.39	-0.52	-0.33	-0.37	-0.22		-0.87	-0.4	0.09	0.81	-0.67	0.54
Total Current Assets	-0.72	0.47	-0.03	0.41	-0.77	-0.87	-0.29	0.72	0.31	0.62	-0.87	0.63	0.63	-0.66	-0.21	0.63	0.38	0.24	0.41	-0.87		0.49	0.04	-0.68	0.66	-0.42
Short Term Debt	-0.3	0.99	0.25	0.92	-0.61	-0.4	0.58	0.53	-0.22	-0.14	-0.4	-0.1	0.74	-0.19	0.01	0.92	-0.07	-0.26	0.92	-0.4	0.49		-0.21	-0.14	0.12	-0.3
Non Currrent Assets Other	0.14	-0.17	-0.31	-0.28	0.24	0.09	-0.19	-0.02	-0.12	0.14	0.09	0.11	-0.07	-0.02	0.61	-0.13	-0.14	-0.19	-0.28	0.09	0.04	-0.21		0.18	0.13	0.46
Common Stock	0.8	-0.11	0.07	-0.06	0.73	0.81	0.37	-0.65	-0.46	-0.48	0.81	-0.48	-0.4	0.78	0.68	-0.32	-0.33	-0.72	-0.06	0.81	-0.68	-0.14	0.18		-0.46	0.67
Long Term Investments	-0.61	0.09	-0.25	0.05	-0.57	-0.67	-0.25	0.54	0.23	0.36	-0.67	0.4	0.43	-0.5	-0.3	0.18	0.35	0.4	0.05	-0.67	0.66	0.12	0.13	-0.46		-0.41
Net Tangible Assets	0.62	-0.22	-0.3	-0.3	0.68	0.54	0.13	-0.44	-0.29	-0.28	0.54	-0.2	-0.28	0.7	0.81	-0.41	-0.25	-0.72	-0.3	0.54	-0.42	-0.3	0.46	0.67	-0.41

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Northcliff Resources Account Relationship Matchups

Northcliff Resources fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	28.1M	28.3M	32.4M	31.0M	35.7M	27.9M
Other Current Liab	679.0K	1.2M	2.0M	624.7K	718.4K	828.3K
Total Current Liabilities	1.1M	2.5M	6.6M	2.4M	2.8M	2.3M
Total Stockholder Equity	23.9M	22.7M	22.3M	24.7M	28.4M	23.1M
Property Plant And Equipment Net	26.5M	26.8M	27.4M	28.7M	33.0M	21.6M
Net Debt	(1.2M)	(99.7K)	(482.0K)	64.0K	73.6K	77.2K
Retained Earnings	(39.5M)	(40.7M)	(42.6M)	(45.3M)	(40.7M)	(42.8M)
Accounts Payable	42.6K	24.3K	123.0K	448.0K	403.2K	264.1K
Cash	1.6M	1.4M	4.9M	1.3M	1.1M	1.1M
Non Current Assets Total	26.5M	26.9M	27.4M	28.7M	33.0M	21.7M
Cash And Short Term Investments	1.6M	1.4M	4.9M	2.1M	1.9M	3.7M
Net Receivables	10.4K	17.3K	50.4K	113.8K	102.4K	97.3K
Common Stock Shares Outstanding	186.9M	191.1M	207.6M	255.8M	294.1M	308.8M
Liabilities And Stockholders Equity	28.1M	28.3M	32.4M	31.0M	35.7M	27.9M
Other Current Assets	17.3K	32.2K	52.8K	60.1K	54.1K	69.5K
Other Stockholder Equity	4.2M	4.4M	4.5M	4.6M	4.1M	3.9M
Total Liab	1.1M	2.5M	6.6M	2.4M	2.8M	2.3M
Property Plant And Equipment Gross	26.5M	26.9M	27.4M	28.7M	33.0M	21.6M
Total Current Assets	1.6M	1.5M	5.0M	2.3M	2.1M	2.0M
Accumulated Other Comprehensive Income	4.4M	4.5M	4.6M	4.6M	5.2M	3.8M
Short Term Debt	381.3K	1.3M	4.4M	1.3M	1.2M	1.1M
Long Term Investments	18.9K	12.9K	6.1K	52.2K	47.0K	27.0K
Net Tangible Assets	23.9M	23.9M	22.7M	22.3M	25.7M	25.3M
Property Plant Equipment	26.2M	26.5M	26.8M	27.4M	31.5M	27.5M
Net Invested Capital	24.2M	24.0M	26.8M	26.0M	29.9M	27.7M
Net Working Capital	514.7K	(1.1M)	(1.5M)	(93.5K)	(84.1K)	(79.9K)

Pair Trading with Northcliff Resources

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 Northcliff Resources 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 Northcliff Resources will appreciate offsetting losses from the drop in the long position's value.

Moving together with Northcliff Stock

0.63	AG	First Majestic Silver	Pair Corr
0.62	IE	Ivanhoe Energy	Pair Corr
0.64	FDY	Faraday Copper Corp	Pair Corr

Moving against Northcliff Stock

0.64	PNC-B	Postmedia Network Canada	Pair Corr
0.4	INFM	Infinico Metals Corp	Pair Corr

The ability to find closely correlated positions to Northcliff Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Northcliff Resources 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 Northcliff Resources - 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 Northcliff Resources to buy it.

The correlation of Northcliff Resources 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 Northcliff Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Northcliff 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 Northcliff Resources 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 Correlation Correlation Matching

Other Information on Investing in Northcliff Stock

Balance Sheet is a snapshot of the financial position of Northcliff Resources at a specified time, usually calculated after every quarter, six months, or one year. Northcliff Resources Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Northcliff Resources and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Northcliff currently owns. An asset can also be divided into two categories, current and non-current.

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Northcliff Change In Working Capital vs Change To Netincome Analysis

Change In Working Capital vs Change To Netincome

Change In Working Capital vs Change To Netincome Correlation Analysis

Correlation Coefficient

Change In Working Capital

Change To Netincome

Northcliff Resources fundamental ratios Correlations

Northcliff Resources Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Northcliff Resources fundamental ratios Accounts

Pair Trading with Northcliff Resources

Moving together with Northcliff Stock

Moving against Northcliff Stock

Other Information on Investing in Northcliff Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Liab	+ 1.0	Total Current Liabilities
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Property Plant And Equipment Gross	+ 1.0	Property Plant And Equipment Net
Property Plant And Equipment Gross	+ 1.0	Non Current Assets Total
Short Term Debt	+ 0.99	Short Long Term Debt Total
Cash And Short Term Investments	+ 0.97	Cash

Cash	- 0.89	Net Debt
Retained Earnings	- 0.88	Total Stockholder Equity
Total Current Assets	- 0.87	Property Plant And Equipment Gross
Total Current Assets	- 0.87	Non Current Assets Total
Total Current Assets	- 0.87	Property Plant And Equipment Net
Other Stockholder Equity	- 0.84	Short Term Investments