Noram Net Invested Capital vs Net Tangible Assets 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 Invested Capital and its Net Tangible Assets 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 Invested Capital vs Net Tangible Assets

Net Invested Capital vs Net Tangible Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Noram Lithium Corp Net Invested Capital account and Net Tangible Assets. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Noram Lithium's Net Invested Capital and Net Tangible Assets is 0.82. Overlapping area represents the amount of variation of Net Invested Capital that can explain the historical movement of Net Tangible Assets 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 Invested Capital and Net Tangible 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 Net Invested Capital of Noram Lithium Corp are associated (or correlated) with its Net Tangible Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Tangible Assets has no effect on the direction of Net Invested Capital i.e., Noram Lithium's Net Invested Capital and Net Tangible Assets go up and down completely randomly.

Correlation Coefficient

0.82

Relationship Direction	Positive
Relationship Strength	Strong

View All Relationships

Net Invested Capital

The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.

Net Tangible Assets

The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.

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

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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

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