Northcliff Depreciation vs Begin Period Cash Flow Analysis
| NCF Stock | CAD 0.04 0.01 14.29% |
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 Depreciation and its Begin Period Cash Flow 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.
Depreciation vs Begin Period Cash Flow
Depreciation vs Begin Period Cash Flow Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Northcliff Resources Depreciation account and Begin Period Cash Flow. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Northcliff Resources' Depreciation and Begin Period Cash Flow is 0.81. Overlapping area represents the amount of variation of Depreciation that can explain the historical movement of Begin Period Cash Flow 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' Depreciation and Begin Period Cash Flow is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Depreciation of Northcliff Resources are associated (or correlated) with its Begin Period Cash Flow. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Begin Period Cash Flow has no effect on the direction of Depreciation i.e., Northcliff Resources' Depreciation and Begin Period Cash Flow go up and down completely randomly.
Correlation Coefficient | 0.81 |
| Relationship Direction | Positive |
| Relationship Strength | Strong |
Depreciation
Depreciation indicates how much of Northcliff Resources value has been used up. For tax purposes Northcliff Resources can deduct the cost of the tangible assets it purchases as business expenses. However, Northcliff Resources must depreciate these assets in accordance with IRS rules about how and when the deduction may be taken, and how long it will last. The systematic allocation of the cost of a tangible asset over its useful life.Begin Period Cash Flow
The amount of cash a company has at the beginning of a financial reporting period. It serves as the starting point for calculating the period's cash flow from operations, investing, and financing activities.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 24th 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 |
Northcliff Resources fundamental ratios Correlations
Click cells to compare fundamentals
Northcliff Resources Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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 | |
| 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 | 343.5K | |
| 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 | 1.3M | 1.1M | 1.1M | |
| 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 | 72.3K | |
| 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 | |
| Other Current Liab | 680.5K | 1.2M | 2.0M | 629.4K | 723.8K | 841.2K | |
| 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
| 0.67 | AG | First Majestic Silver | PairCorr |
| 0.64 | IE | Ivanhoe Energy | PairCorr |
| 0.64 | FDY | Faraday Copper Corp | PairCorr |
Moving against Northcliff Stock
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.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.