Noram Short Term Investments vs Net Debt 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 Short Term Investments and its Net Debt 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.

Short Term Investments vs Net Debt

Short Term Investments vs Net Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Noram Lithium Corp Short Term Investments account and Net Debt. At this time, the significance of the direction appears to have pay attention.

The correlation between Noram Lithium's Short Term Investments and Net Debt is -0.84. Overlapping area represents the amount of variation of Short Term Investments that can explain the historical movement of Net Debt 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 Short Term Investments and Net Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Short Term Investments of Noram Lithium Corp are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Short Term Investments i.e., Noram Lithium's Short Term Investments and Net Debt go up and down completely randomly.

Correlation Coefficient

-0.84

Relationship Direction	Negative
Relationship Strength	Significant

View All Relationships

Short Term Investments

Short Term Investments is an item under the current assets section of Noram Lithium balance sheet. It contains any investments Noram Lithium Corp undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that Noram Lithium Corp can easily liquidate in the marketplace.

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.

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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