Noram Net Debt vs Other Current Liab Analysis

NRM Stock

CAD 0.13 0.01 8.33%

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

Net Debt vs Other Current Liab

Net Debt vs Other Current Liab Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Noram Lithium Corp Net Debt account and Other Current Liab. At this time, the significance of the direction appears to have strong contrarian relationship.

The correlation between Noram Lithium's Net Debt and Other Current Liab is -0.62. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Other Current Liab in the same time period over historical financial statements of Noram Lithium Corp, assuming nothing else is changed. The correlation between historical values of Noram Lithium's Net Debt and Other Current Liab is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Debt of Noram Lithium Corp are associated (or correlated) with its Other Current Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Liab has no effect on the direction of Net Debt i.e., Noram Lithium's Net Debt and Other Current Liab go up and down completely randomly.

Correlation Coefficient

-0.62

Relationship Direction	Negative
Relationship Strength	Weak

View All Relationships

Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.

Other Current Liab

Most indicators from Noram Lithium's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Noram Lithium Corp 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 Noram Lithium Corp. 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.

Selling General Administrative is likely to climb to about 5.5 M in 2024, whereas Issuance Of Capital Stock is likely to drop 0.00 in 2024.

	2021	2022	2023	2024 (projected)
Interest Expense	3.3K	13.3K	8.1K	7.7K
Depreciation And Amortization	59.6K	56.2K	56.7K	59.6K

Interest Expense Depreciation And Amortization

Noram Lithium fundamental ratios Correlations

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Short Term Investments	Other Stockholder Equity	Total Liab	Total Current Assets	Common Stock	Non Currrent Assets Other	Other Liab	Net Tangible Assets	Accounts Payable	Other Assets	Property Plant Equipment	Other Current Liab	Other Current Assets	Net Invested Capital	Net Working Capital
Total Assets		0.9	0.95	0.07	-0.83	-0.79	0.86	0.4	0.92	0.74	0.82	0.91	-0.34	0.94	0.92	0.79	0.29	-0.2	0.78	0.96	-0.13	0.83	0.48	0.84	0.98	0.91
Total Current Liabilities	0.9		0.95	0.13	-0.79	-0.95	0.85	0.59	0.8	0.59	0.97	0.77	-0.44	0.94	0.79	0.94	0.53	-0.5	0.95	0.94	-0.3	0.87	0.7	0.63	0.93	0.75
Total Stockholder Equity	0.95	0.95		-0.05	-0.89	-0.89	0.92	0.38	0.93	0.71	0.91	0.91	-0.37	0.89	0.92	0.9	0.49	-0.46	0.87	0.92	-0.29	0.78	0.66	0.78	0.98	0.9
Property Plant And Equipment Net	0.07	0.13	-0.05		0.28	0.02	-0.23	0.54	-0.2	-0.21	0.06	-0.19	0.24	0.31	-0.19	-0.11	-0.47	0.44	0.13	0.25	0.44	0.36	-0.31	-0.05	-0.04	-0.19
Net Debt	-0.83	-0.79	-0.89	0.28		0.76	-0.99	-0.18	-0.88	-0.72	-0.75	-0.84	0.42	-0.67	-0.87	-0.8	-0.5	0.46	-0.72	-0.75	0.32	-0.58	-0.62	-0.7	-0.88	-0.85
Retained Earnings	-0.79	-0.95	-0.89	0.02	0.76		-0.81	-0.63	-0.69	-0.45	-0.99	-0.65	0.49	-0.84	-0.67	-0.99	-0.72	0.67	-0.95	-0.84	0.54	-0.8	-0.85	-0.46	-0.85	-0.63
Cash	0.86	0.85	0.92	-0.23	-0.99	-0.81		0.24	0.89	0.72	0.81	0.85	-0.45	0.73	0.88	0.85	0.52	-0.49	0.78	0.79	-0.33	0.63	0.66	0.71	0.91	0.86
Non Current Assets Total	0.4	0.59	0.38	0.54	-0.18	-0.63	0.24		0.05	-0.16	0.62	0.01	-0.04	0.61	0.04	0.56	0.43	-0.3	0.7	0.56	-0.32	0.79	0.54	-0.1	0.35	0.0
Cash And Short Term Investments	0.92	0.8	0.93	-0.2	-0.88	-0.69	0.89	0.05		0.86	0.72	1.0	-0.38	0.77	1.0	0.72	0.27	-0.26	0.64	0.82	-0.11	0.58	0.43	0.93	0.95	1.0
Net Receivables	0.74	0.59	0.71	-0.21	-0.72	-0.45	0.72	-0.16	0.86		0.48	0.87	-0.41	0.61	0.87	0.47	0.04	-0.04	0.4	0.62	0.07	0.38	0.17	0.87	0.76	0.87
Common Stock Shares Outstanding	0.82	0.97	0.91	0.06	-0.75	-0.99	0.81	0.62	0.72	0.48		0.69	-0.5	0.88	0.7	0.97	0.65	-0.62	0.97	0.88	-0.45	0.83	0.79	0.51	0.88	0.66
Short Term Investments	0.91	0.77	0.91	-0.19	-0.84	-0.65	0.85	0.01	1.0	0.87	0.69		-0.36	0.76	1.0	0.68	0.22	-0.21	0.6	0.8	-0.08	0.56	0.38	0.95	0.93	1.0
Other Stockholder Equity	-0.34	-0.44	-0.37	0.24	0.42	0.49	-0.45	-0.04	-0.38	-0.41	-0.5	-0.36		-0.4	-0.38	-0.46	-0.31	0.29	-0.41	-0.36	0.02	-0.27	-0.28	-0.27	-0.46	-0.34
Total Liab	0.94	0.94	0.89	0.31	-0.67	-0.84	0.73	0.61	0.77	0.61	0.88	0.76	-0.4		0.77	0.79	0.28	-0.2	0.84	0.97	-0.08	0.92	0.48	0.69	0.91	0.75
Total Current Assets	0.92	0.79	0.92	-0.19	-0.87	-0.67	0.88	0.04	1.0	0.87	0.7	1.0	-0.38	0.77		0.7	0.25	-0.24	0.62	0.82	-0.09	0.58	0.41	0.94	0.94	1.0
Common Stock	0.79	0.94	0.9	-0.11	-0.8	-0.99	0.85	0.56	0.72	0.47	0.97	0.68	-0.46	0.79	0.7		0.77	-0.73	0.94	0.82	-0.58	0.76	0.87	0.48	0.85	0.66
Non Currrent Assets Other	0.29	0.53	0.49	-0.47	-0.5	-0.72	0.52	0.43	0.27	0.04	0.65	0.22	-0.31	0.28	0.25	0.77		-0.95	0.66	0.31	-0.84	0.38	0.96	-0.07	0.4	0.2
Other Liab	-0.2	-0.5	-0.46	0.44	0.46	0.67	-0.49	-0.3	-0.26	-0.04	-0.62	-0.21	0.29	-0.2	-0.24	-0.73	-0.95		-0.63	-0.24	0.79	-0.25	-0.91	0.06	-0.34	-0.18
Net Tangible Assets	0.78	0.95	0.87	0.13	-0.72	-0.95	0.78	0.7	0.64	0.4	0.97	0.6	-0.41	0.84	0.62	0.94	0.66	-0.63		0.85	-0.43	0.87	0.82	0.4	0.82	0.58
Accounts Payable	0.96	0.94	0.92	0.25	-0.75	-0.84	0.79	0.56	0.82	0.62	0.88	0.8	-0.36	0.97	0.82	0.82	0.31	-0.24	0.85		-0.13	0.92	0.51	0.74	0.94	0.8
Other Assets	-0.13	-0.3	-0.29	0.44	0.32	0.54	-0.33	-0.32	-0.11	0.07	-0.45	-0.08	0.02	-0.08	-0.09	-0.58	-0.84	0.79	-0.43	-0.13		-0.17	-0.82	0.14	-0.19	-0.06
Property Plant Equipment	0.83	0.87	0.78	0.36	-0.58	-0.8	0.63	0.79	0.58	0.38	0.83	0.56	-0.27	0.92	0.58	0.76	0.38	-0.25	0.87	0.92	-0.17		0.56	0.46	0.79	0.55
Other Current Liab	0.48	0.7	0.66	-0.31	-0.62	-0.85	0.66	0.54	0.43	0.17	0.79	0.38	-0.28	0.48	0.41	0.87	0.96	-0.91	0.82	0.51	-0.82	0.56		0.1	0.56	0.36
Other Current Assets	0.84	0.63	0.78	-0.05	-0.7	-0.46	0.71	-0.1	0.93	0.87	0.51	0.95	-0.27	0.69	0.94	0.48	-0.07	0.06	0.4	0.74	0.14	0.46	0.1		0.83	0.95
Net Invested Capital	0.98	0.93	0.98	-0.04	-0.88	-0.85	0.91	0.35	0.95	0.76	0.88	0.93	-0.46	0.91	0.94	0.85	0.4	-0.34	0.82	0.94	-0.19	0.79	0.56	0.83		0.93
Net Working Capital	0.91	0.75	0.9	-0.19	-0.85	-0.63	0.86	0.0	1.0	0.87	0.66	1.0	-0.34	0.75	1.0	0.66	0.2	-0.18	0.58	0.8	-0.06	0.55	0.36	0.95	0.93

Click cells to compare fundamentals

Noram Lithium Account Relationship Matchups

Noram Lithium fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	3.2M	5.0M	5.9M	14.2M	8.4M	4.2M
Total Current Liabilities	244.0K	341.0K	439.2K	638.8K	480.5K	504.6K
Total Stockholder Equity	2.9M	4.7M	5.4M	13.5M	8.0M	8.4M
Property Plant And Equipment Net	3.1M	3.3M	4.2M	1.0M	55.7K	52.9K
Net Debt	93.6K	(815.9K)	59.1K	(1.5M)	(912.9K)	(867.3K)
Retained Earnings	(9.7M)	(14.7M)	(20.0M)	(24.7M)	(30.4M)	(28.8M)
Cash	10.9K	866.5K	101.7K	1.6M	968.6K	1.0M
Non Current Assets Total	3.2M	3.3M	4.2M	1.0M	4.7M	2.4M
Cash And Short Term Investments	10.9K	1.6M	1.6M	12.2M	3.6M	3.8M
Net Receivables	13.3K	53.0K	51.3K	234.9K	56.2K	56.7K
Common Stock Shares Outstanding	38.0M	50.2M	73.9M	87.9M	88.9M	93.4M
Liabilities And Stockholders Equity	3.2M	5.0M	5.9M	14.2M	8.4M	4.2M
Other Stockholder Equity	1.5M	1.6M	108.0K	1.4K	1.3K	1.2K
Total Liab	294.6K	341.0K	550.1K	694.5K	480.5K	250.2K
Total Current Assets	45.0K	1.7M	1.8M	13.2M	3.7M	3.9M
Common Stock	11.0M	14.4M	17.3M	28.9M	33.2M	34.9M
Non Currrent Assets Other	19.2K	18.6K	18.2K	19.3K	4.6M	4.8M
Accumulated Other Comprehensive Income	1.6M	4.9M	8.1M	9.4M	9.4M	9.9M
Net Tangible Assets	2.9M	2.9M	4.7M	5.4M	6.2M	6.5M
Accounts Payable	168.4K	196.8K	282.9K	462.6K	302.5K	179.6K
Other Assets	19.2K	18.6K	18.2K	19.3K	1.0	0.95
Property Plant Equipment	2.8M	3.1M	3.3M	4.2M	4.8M	2.5M
Other Current Liab	21.7K	93.6K	106.4K	121.0K	424.9K	446.1K
Other Current Assets	20.9K	33.3K	97.6K	749.7K	49.1K	46.6K
Net Invested Capital	2.9M	4.7M	5.4M	13.5M	8.0M	6.1M
Net Working Capital	(199.0K)	1.4M	1.3M	12.6M	3.3M	2.9M
Capital Stock	11.0M	14.4M	17.3M	28.9M	33.2M	20.4M

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.

Explore Investing Ideas

Additional Tools for Noram Stock Analysis

When running Noram Lithium's price analysis, check to measure Noram Lithium'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 Noram Lithium is operating at the current time. Most of Noram Lithium's value examination focuses on studying past and present price action to predict the probability of Noram Lithium's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Noram Lithium's price. Additionally, you may evaluate how the addition of Noram Lithium to your portfolios can decrease your overall portfolio volatility.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC