Nova Long Term Debt vs Long Term Investments Analysis
| NVA Stock | 13.65 1.47 12.07% |
Nova Minerals financial indicator trend analysis is infinitely more than just investigating Nova Minerals Limited recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Nova Minerals Limited is a good investment. Please check the relationship between Nova Minerals Long Term Debt and its Long Term Investments accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nova Minerals Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real.
Long Term Debt vs Long Term Investments
Long Term Debt vs Long Term Investments Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Nova Minerals Limited Long Term Debt account and Long Term Investments. At this time, the significance of the direction appears to have very week relationship.
The correlation between Nova Minerals' Long Term Debt and Long Term Investments is 0.29. Overlapping area represents the amount of variation of Long Term Debt that can explain the historical movement of Long Term Investments in the same time period over historical financial statements of Nova Minerals Limited, assuming nothing else is changed. The correlation between historical values of Nova Minerals' Long Term Debt and Long Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Long Term Debt of Nova Minerals Limited are associated (or correlated) with its Long Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Long Term Investments has no effect on the direction of Long Term Debt i.e., Nova Minerals' Long Term Debt and Long Term Investments go up and down completely randomly.
Correlation Coefficient | 0.29 |
| Relationship Direction | Positive |
| Relationship Strength | Very Weak |
Long Term Debt
Long-term debt is a debt that Nova Minerals Limited has held for over one year. Long-term debt appears on Nova Minerals Limited balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on Nova Minerals Limited balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.Long Term Investments
Long Term Investments is an item on the asset side of Nova Minerals balance sheet that represents investments Nova Minerals Limited intends to hold for over a year. Nova Minerals Limited long term investments may include different instruments such as stocks, bonds, real estate and cash.Most indicators from Nova Minerals' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Nova Minerals Limited 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 Nova Minerals Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real. As of January 24, 2025, Selling General Administrative is expected to decline to about 23.6 M. In addition to that, Issuance Of Capital Stock is expected to decline to about 852.4 K
| 2022 | 2023 | 2024 | 2025 (projected) | Depreciation And Amortization | 214.2M | 254.5M | 292.6M | 221.8M | Interest Income | 12.0K | 270.6K | 311.2K | 326.8K |
Nova Minerals fundamental ratios Correlations
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Nova Minerals Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Nova Minerals Limited is a strong investment it is important to analyze Nova Minerals' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Nova Minerals' future performance. For an informed investment choice regarding Nova Stock, refer to the following important reports:Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nova Minerals Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real. You can also try the Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.
Is Precious Metals space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Nova Minerals. If investors know Nova will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Nova Minerals listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Nova Minerals Limited is measured differently than its book value, which is the value of Nova that is recorded on the company's balance sheet. Investors also form their own opinion of Nova Minerals' value that differs from its market value or its book value, called intrinsic value, which is Nova Minerals' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Nova Minerals' market value can be influenced by many factors that don't directly affect Nova Minerals' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Nova Minerals' value and its price as these two are different measures arrived at by different means. Investors typically determine if Nova Minerals is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nova Minerals' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.