Northern Total Current Liabilities vs Retained Earnings Analysis

NDM Stock

CAD 0.63 0.02 3.08%

Northern Dynasty financial indicator trend analysis is infinitely more than just investigating Northern Dynasty Minerals recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Northern Dynasty Minerals is a good investment. Please check the relationship between Northern Dynasty Total Current Liabilities and its Retained Earnings accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Northern Dynasty Minerals. 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 Retained Earnings

Total Current Liabilities vs Retained Earnings Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Northern Dynasty Minerals Total Current Liabilities account and Retained Earnings. At this time, the significance of the direction appears to have strong contrarian relationship.

The correlation between Northern Dynasty's Total Current Liabilities and Retained Earnings is -0.58. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Retained Earnings in the same time period over historical financial statements of Northern Dynasty Minerals, assuming nothing else is changed. The correlation between historical values of Northern Dynasty's Total Current Liabilities and Retained Earnings 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 Northern Dynasty Minerals are associated (or correlated) with its Retained Earnings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Retained Earnings has no effect on the direction of Total Current Liabilities i.e., Northern Dynasty's Total Current Liabilities and Retained Earnings go up and down completely randomly.

Correlation Coefficient

-0.58

Relationship Direction	Negative
Relationship Strength	Very Weak

View All Relationships

Total Current Liabilities

Total Current Liabilities is an item on Northern Dynasty balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Northern Dynasty Minerals 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.

Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.

Most indicators from Northern Dynasty's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Northern Dynasty Minerals 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 Northern Dynasty Minerals. 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, Northern Dynasty's Selling General Administrative is very stable compared to the past year. As of the 1st of December 2024, Tax Provision is likely to grow to about 122.8 K, while Issuance Of Capital Stock is likely to drop 0.00.

	2021	2022	2023	2024 (projected)
Net Interest Income	109K	212K	252K	188.4K
Interest Income	347K	279K	312K	393.4K

Net Interest Income Interest Income

Northern Dynasty fundamental ratios Correlations

	Total Assets	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	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Non Currrent Assets Other	Non Current Liabilities Total	Short Term Debt	Common Stock Total Equity	Inventory	Common Stock	Other Liab	Net Tangible Assets
Total Assets		0.03	0.28	0.92	0.63	-0.56	-0.67	0.44	0.57	0.92	0.58	0.01	0.47	0.01	0.23	0.46	0.62	0.56	0.0	0.4	0.0	0.35	0.37	0.37	0.3	0.3
Other Current Liab	0.03		0.81	-0.1	0.08	0.12	-0.47	-0.26	-0.05	0.02	-0.05	-0.12	0.52	0.26	-0.38	0.23	0.16	0.03	-0.33	-0.12	0.81	0.4	0.12	0.39	-0.19	0.61
Total Current Liabilities	0.28	0.81		0.05	0.36	-0.07	-0.58	0.35	0.15	0.24	0.15	-0.26	0.59	0.18	-0.32	0.54	0.41	0.19	-0.52	0.14	0.77	0.49	0.31	0.48	-0.16	0.47
Total Stockholder Equity	0.92	-0.1	0.05		0.6	-0.34	-0.63	0.26	0.34	0.94	0.35	0.07	0.4	0.03	0.3	0.08	0.58	0.34	0.17	0.07	-0.07	0.32	0.35	0.34	0.19	0.32
Property Plant And Equipment Net	0.63	0.08	0.36	0.6		0.04	-0.64	0.48	-0.03	0.78	-0.02	-0.56	0.55	0.18	-0.29	0.26	0.99	-0.07	-0.26	0.12	0.12	0.5	0.7	0.52	0.32	0.45
Net Debt	-0.56	0.12	-0.07	-0.34	0.04		0.14	-0.38	-1.0	-0.2	-1.0	-0.3	-0.09	0.07	-0.38	-0.69	0.05	-0.98	0.1	-0.78	0.3	-0.07	0.09	-0.07	-0.18	0.05
Retained Earnings	-0.67	-0.47	-0.58	-0.63	-0.64	0.14		-0.21	-0.19	-0.7	-0.19	0.36	-0.95	-0.13	0.19	-0.24	-0.68	-0.2	0.51	0.01	-0.37	-0.86	-0.32	-0.89	0.16	-0.74
Accounts Payable	0.44	-0.26	0.35	0.26	0.48	-0.38	-0.21		0.39	0.37	0.39	-0.24	0.13	-0.11	0.07	0.58	0.44	0.32	-0.32	0.5	-0.07	0.16	0.35	0.16	0.09	-0.19
Cash	0.57	-0.05	0.15	0.34	-0.03	-1.0	-0.19	0.39		0.21	1.0	0.28	0.15	-0.06	0.36	0.71	-0.03	0.99	-0.15	0.77	-0.23	0.11	-0.08	0.12	0.16	0.0
Non Current Assets Total	0.92	0.02	0.24	0.94	0.78	-0.2	-0.7	0.37	0.21		0.22	-0.16	0.48	0.0	0.12	0.22	0.77	0.2	0.05	0.14	0.07	0.38	0.46	0.4	0.3	0.36
Cash And Short Term Investments	0.58	-0.05	0.15	0.35	-0.02	-1.0	-0.19	0.39	1.0	0.22		0.28	0.14	-0.06	0.36	0.71	-0.03	0.99	-0.14	0.77	-0.23	0.11	-0.08	0.12	0.17	0.0
Net Receivables	0.01	-0.12	-0.26	0.07	-0.56	-0.3	0.36	-0.24	0.28	-0.16	0.28		-0.48	0.37	0.41	-0.14	-0.56	0.38	0.59	-0.03	-0.13	-0.5	-0.13	-0.52	-0.19	-0.4
Common Stock Shares Outstanding	0.47	0.52	0.59	0.4	0.55	-0.09	-0.95	0.13	0.15	0.48	0.14	-0.48		0.08	-0.28	0.23	0.58	0.15	-0.7	-0.03	0.37	0.91	0.18	0.96	-0.21	0.8
Other Current Assets	0.01	0.26	0.18	0.03	0.18	0.07	-0.13	-0.11	-0.06	0.0	-0.06	0.37	0.08		-0.32	-0.06	0.19	0.04	0.12	-0.16	0.16	0.04	0.67	0.04	-0.28	0.06
Other Stockholder Equity	0.23	-0.38	-0.32	0.3	-0.29	-0.38	0.19	0.07	0.36	0.12	0.36	0.41	-0.28	-0.32		-0.06	-0.32	0.34	0.33	0.09	-0.35	-0.27	-0.31	-0.28	-0.01	-0.33
Total Liab	0.46	0.23	0.54	0.08	0.26	-0.69	-0.24	0.58	0.71	0.22	0.71	-0.14	0.23	-0.06	-0.06		0.27	0.68	-0.38	0.91	0.09	0.16	0.14	0.15	0.35	0.0
Property Plant And Equipment Gross	0.62	0.16	0.41	0.58	0.99	0.05	-0.68	0.44	-0.03	0.77	-0.03	-0.56	0.58	0.19	-0.32	0.27		-0.08	-0.28	0.11	0.18	0.57	0.7	0.56	0.29	0.51
Total Current Assets	0.56	0.03	0.19	0.34	-0.07	-0.98	-0.2	0.32	0.99	0.2	0.99	0.38	0.15	0.04	0.34	0.68	-0.08		-0.1	0.71	-0.16	0.07	-0.05	0.09	0.1	0.0
Non Currrent Assets Other	0.0	-0.33	-0.52	0.17	-0.26	0.1	0.51	-0.32	-0.15	0.05	-0.14	0.59	-0.7	0.12	0.33	-0.38	-0.28	-0.1		-0.19	-0.21	-0.72	0.1	-0.75	0.29	-0.48
Non Current Liabilities Total	0.4	-0.12	0.14	0.07	0.12	-0.78	0.01	0.5	0.77	0.14	0.77	-0.03	-0.03	-0.16	0.09	0.91	0.11	0.71	-0.19		-0.27	-0.06	0.01	-0.07	0.49	-0.24
Short Term Debt	0.0	0.81	0.77	-0.07	0.12	0.3	-0.37	-0.07	-0.23	0.07	-0.23	-0.13	0.37	0.16	-0.35	0.09	0.18	-0.16	-0.21	-0.27		0.31	0.09	0.29	-0.12	0.48
Common Stock Total Equity	0.35	0.4	0.49	0.32	0.5	-0.07	-0.86	0.16	0.11	0.38	0.11	-0.5	0.91	0.04	-0.27	0.16	0.57	0.07	-0.72	-0.06	0.31		0.12	0.98	-0.26	0.82
Inventory	0.37	0.12	0.31	0.35	0.7	0.09	-0.32	0.35	-0.08	0.46	-0.08	-0.13	0.18	0.67	-0.31	0.14	0.7	-0.05	0.1	0.01	0.09	0.12		0.12	0.0	0.08
Common Stock	0.37	0.39	0.48	0.34	0.52	-0.07	-0.89	0.16	0.12	0.4	0.12	-0.52	0.96	0.04	-0.28	0.15	0.56	0.09	-0.75	-0.07	0.29	0.98	0.12		-0.27	0.8
Other Liab	0.3	-0.19	-0.16	0.19	0.32	-0.18	0.16	0.09	0.16	0.3	0.17	-0.19	-0.21	-0.28	-0.01	0.35	0.29	0.1	0.29	0.49	-0.12	-0.26	0.0	-0.27		-0.06
Net Tangible Assets	0.3	0.61	0.47	0.32	0.45	0.05	-0.74	-0.19	0.0	0.36	0.0	-0.4	0.8	0.06	-0.33	0.0	0.51	0.0	-0.48	-0.24	0.48	0.82	0.08	0.8	-0.06

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Northern Dynasty Account Relationship Matchups

Northern Dynasty fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	154.6M	180.4M	159.3M	145.2M	143.8M	147.1M
Other Current Liab	43K	848K	376K	237K	17.0M	17.8M
Total Current Liabilities	15.2M	7.4M	2.4M	2.1M	20.2M	21.2M
Total Stockholder Equity	138.5M	172.3M	155.5M	142.7M	123.3M	118.0M
Property Plant And Equipment Net	138.9M	135.6M	134.3M	127.5M	121.9M	99.9M
Net Debt	(11.5M)	(41.5M)	(21.6M)	(13.6M)	(15.5M)	(16.3M)
Retained Earnings	(556.1M)	(620.0M)	(651.5M)	(676.0M)	(697.0M)	(662.1M)
Accounts Payable	12.4M	6.3M	1.9M	1.7M	929K	882.6K
Cash	14.0M	42.5M	22.3M	14.2M	18.2M	21.5M
Non Current Assets Total	139.7M	136.4M	135.1M	128.4M	122.7M	115.2M
Cash And Short Term Investments	14.0M	42.5M	22.3M	14.2M	18.2M	21.6M
Net Receivables	416K	654K	(352K)	130K	675K	1.1M
Common Stock Shares Outstanding	358.3M	473.7M	521.5M	529.8M	530.3M	556.8M
Liabilities And Stockholders Equity	154.6M	180.4M	159.3M	145.2M	143.8M	147.1M
Other Current Assets	498K	823K	1.9M	2.5M	2.9M	3.1M
Other Stockholder Equity	107.2M	109.2M	106.7M	1K	900.0	855.0
Total Liab	16.1M	8.1M	3.8M	2.5M	20.6M	19.9M
Property Plant And Equipment Gross	138.9M	135.6M	136.8M	129.7M	149.1M	98.5M
Total Current Assets	15.0M	43.9M	24.2M	16.8M	21.1M	31.9M
Accumulated Other Comprehensive Income	107.2M	109.2M	106.7M	118.4M	117.3M	61.6M
Non Currrent Assets Other	805K	791K	785K	852K	766.8K	728.5K
Non Current Liabilities Total	934K	657K	1.4M	463K	338K	321.1K
Short Term Debt	1.6M	259K	126K	150K	2.3M	2.4M
Common Stock Total Equity	513.3M	517.3M	587.4M	683.0M	785.5M	532.4M
Common Stock	517.3M	587.4M	683.0M	700.3M	703.0M	592.1M
Other Liab	7.2M	934K	657K	804K	723.6K	687.4K
Net Tangible Assets	148.2M	138.5M	172.3M	155.5M	178.8M	161.1M
Property Plant Equipment	144.8M	138.9M	135.6M	134.3M	154.5M	147.7M
Net Invested Capital	139.9M	172.3M	155.5M	142.7M	164.1M	164.3M
Net Working Capital	(233K)	36.5M	21.7M	14.8M	13.3M	18.6M

Pair Trading with Northern Dynasty

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

Moving together with Northern Stock

0.74	IE	Ivanhoe Energy	Pair Corr
0.64	FDY	Faraday Copper Corp	Pair Corr

Moving against Northern Stock

0.58	INFM	Infinico Metals Corp	Pair Corr
0.46	ORE	Orezone Gold Corp	Pair Corr
0.34	VZ	Verizon Communications	Pair Corr

The ability to find closely correlated positions to Northern Dynasty 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 Dynasty 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 Dynasty - 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 Dynasty Minerals to buy it.

The correlation of Northern Dynasty 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 Dynasty moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Northern Dynasty Minerals 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 Dynasty 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

When determining whether Northern Dynasty Minerals is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Northern Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Northern Dynasty Minerals Stock. Highlighted below are key reports to facilitate an investment decision about Northern Dynasty Minerals Stock:

How To Invest In Northern

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Is Northern Stock a good investment?

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What is Northern Dynasty's Net Worth?

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Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Northern Dynasty Minerals. 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.

You can also try the Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.

Please note, there is a significant difference between Northern Dynasty's value and its price as these two are different measures arrived at by different means. Investors typically determine if Northern Dynasty is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Northern Dynasty'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.

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Northern Total Current Liabilities vs Retained Earnings Analysis

Total Current Liabilities vs Retained Earnings

Total Current Liabilities vs Retained Earnings Correlation Analysis

Correlation Coefficient

Total Current Liabilities

Retained Earnings

Northern Dynasty fundamental ratios Correlations

Northern Dynasty Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Northern Dynasty fundamental ratios Accounts

Pair Trading with Northern Dynasty

Moving together with Northern Stock

Moving against Northern Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 1.0	Cash
Property Plant And Equipment Gross	+ 0.99	Property Plant And Equipment Net
Total Current Assets	+ 0.99	Cash
Total Current Assets	+ 0.99	Cash And Short Term Investments
Common Stock	+ 0.98	Common Stock Total Equity
Common Stock	+ 0.96	Common Stock Shares Outstanding

Cash And Short Term Investments	- 1.0	Net Debt
Cash	- 1.0	Net Debt
Total Current Assets	- 0.98	Net Debt
Common Stock Shares Outstanding	- 0.95	Retained Earnings
Common Stock	- 0.89	Retained Earnings
Common Stock Total Equity	- 0.86	Retained Earnings