Northcliff Depreciation And Amortization vs Total Assets Analysis
| NCF Stock | CAD 0.03 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 Amortization and its Total Assets 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 And Amortization vs Total Assets
Depreciation And Amortization vs Total Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Northcliff Resources Depreciation And Amortization account and Total Assets. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Northcliff Resources' Depreciation And Amortization and Total Assets is -0.68. Overlapping area represents the amount of variation of Depreciation And Amortization that can explain the historical movement of Total Assets 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 Amortization and Total Assets 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 And Amortization of Northcliff Resources are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Depreciation And Amortization i.e., Northcliff Resources' Depreciation And Amortization and Total Assets go up and down completely randomly.
Correlation Coefficient | -0.68 |
| Relationship Direction | Negative |
| Relationship Strength | Weak |
Depreciation And Amortization
The systematic reduction in the recorded value of an intangible asset. This includes the allocation of the cost of tangible assets to periods in which the assets are used, representing the expense related to the wear and tear, deterioration, or obsolescence of physical assets and intangible assets over their useful lives.Total Assets
Total assets refers to the total amount of Northcliff Resources assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Northcliff Resources books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.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 30th 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
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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 | |
| 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 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.