| NKG Stock | | | CAD 0.29 0.01 3.33% |
Nevada King financial indicator trend analysis is infinitely more than just investigating Nevada King Gold recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Nevada King Gold is a good investment. Please check the relationship between Nevada King Accounts Payable and its Net Invested Capital accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nevada King Gold. 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.
Accounts Payable vs Net Invested Capital
Accounts Payable vs Net Invested Capital Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Nevada King Gold Accounts Payable account and
Net Invested Capital. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Nevada King's Accounts Payable and Net Invested Capital is 0.52. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Net Invested Capital in the same time period over historical financial statements of Nevada King Gold, assuming nothing else is changed. The correlation between historical values of Nevada King's Accounts Payable and Net Invested Capital is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Accounts Payable of Nevada King Gold are associated (or correlated) with its Net Invested Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Invested Capital has no effect on the direction of Accounts Payable i.e., Nevada King's Accounts Payable and Net Invested Capital go up and down completely randomly.
Correlation Coefficient | 0.52 |
| Relationship Direction | Positive |
| Relationship Strength | Weak |
Accounts Payable
An accounting item on the balance sheet that represents Nevada King obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Nevada King Gold are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.
Net Invested Capital
The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.
Most indicators from Nevada King's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Nevada King Gold 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 Nevada King Gold. 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, Nevada King's
Sales General And Administrative To Revenue is fairly stable compared to the past year.
Enterprise Value is likely to climb to about 124.8
M in 2024, whereas
Selling General Administrative is likely to drop slightly above 4.4
M in 2024.
Nevada King fundamental ratios Correlations
Click cells to compare fundamentals
Nevada King Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Nevada King fundamental ratios Accounts
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Additional Tools for Nevada Stock Analysis
When running Nevada King's price analysis, check to
measure Nevada King's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Nevada King is operating at the current time. Most of Nevada King's value examination focuses on studying past and present price action to
predict the probability of Nevada King's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nevada King's price. Additionally, you may evaluate how the addition of Nevada King to your portfolios can decrease your overall portfolio volatility.