| 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 Total Current Liabilities and its Net Invested Capital 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.
Total Current Liabilities vs Net Invested Capital
Total Current Liabilities vs Net Invested Capital Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Noram Lithium Corp Total Current Liabilities account and
Net Invested Capital. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Noram Lithium's Total Current Liabilities and Net Invested Capital is 0.93. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Net Invested Capital 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 Total Current Liabilities 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 Total Current Liabilities of Noram Lithium Corp 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 Total Current Liabilities i.e., Noram Lithium's Total Current Liabilities and Net Invested Capital go up and down completely randomly.
Correlation Coefficient | 0.93 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Total Current Liabilities
Total Current Liabilities is an item on Noram Lithium balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Noram Lithium Corp 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.
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 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.
Noram Lithium fundamental ratios Correlations
Click cells to compare fundamentals
Noram Lithium Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Noram Lithium fundamental ratios Accounts
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Additional Tools for Noram Stock Analysis
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