True Long Term Debt vs Total Current Liabilities Analysis

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True North financial indicator trend analysis is much more than just breaking down True North Gems prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether True North Gems is a good investment. Please check the relationship between True North Long Term Debt and its Total Current Liabilities accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in True North Gems. 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.

Long Term Debt vs Total Current Liabilities

Long Term Debt vs Total Current Liabilities Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of True North Gems Long Term Debt account and Total Current Liabilities. At this time, the significance of the direction appears to have weak relationship.

The correlation between True North's Long Term Debt and Total Current Liabilities is 0.34. Overlapping area represents the amount of variation of Long Term Debt that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of True North Gems, assuming nothing else is changed. The correlation between historical values of True North's Long Term Debt and Total Current Liabilities 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 True North Gems are associated (or correlated) with its Total Current Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Liabilities has no effect on the direction of Long Term Debt i.e., True North's Long Term Debt and Total Current Liabilities go up and down completely randomly.

Correlation Coefficient

0.34

Relationship Direction	Positive
Relationship Strength	Very Weak

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Long Term Debt

Long-term debt is a debt that True North Gems has held for over one year. Long-term debt appears on True North Gems 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 True North Gems 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.

Total Current Liabilities

Total Current Liabilities is an item on True North balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of True North Gems 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.

Most indicators from True North's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into True North Gems 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 World Market Map to better understand how to build diversified portfolios, which includes a position in True North Gems. 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.

Tax Provision is likely to climb to 3,912 in 2024, whereas Discontinued Operations is likely to drop (92.4 K) in 2024.

True North fundamental ratios Correlations

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Retained Earnings	Accounts Payable	Cash	Long Term Debt	Net Receivables	Short Term Investments	Other Stockholder Equity	Total Liab	Short Long Term Debt	Total Current Assets	Short Term Debt	Common Stock	Property Plant Equipment	Other Assets	Non Current Assets Total	Non Current Liabilities Total	Net Debt	Common Stock Shares Outstanding	Net Invested Capital	Net Working Capital	Capital Stock
Total Assets		-0.22	0.98	0.76	0.98	0.9	0.45	0.55	-0.71	0.63	0.75	-0.41	-0.24	-0.58	0.74	-0.5	-0.58	1.0	-0.6	0.82	-0.46	-0.56	-0.58	-0.58	-0.41	-0.42
Total Current Liabilities	-0.22		-0.24	-0.04	-0.25	-0.23	0.43	0.04	0.34	-0.32	-0.39	-0.31	0.18	-0.02	-0.09	0.3	-0.07	-0.24	0.32	-0.3	-0.61	-0.35	-0.32	-0.34	-0.68	-0.42
Total Stockholder Equity	0.98	-0.24		0.63	1.0	0.97	0.52	0.51	-0.8	0.66	0.85	-0.47	-0.42	-0.7	0.73	-0.62	-0.69	0.99	-0.72	0.89	-0.52	-0.63	-0.65	-0.64	-0.45	-0.47
Other Liab	0.76	-0.04	0.63		0.63	0.42	0.19	0.45	-0.29	0.35	0.16	-0.14	0.34	-0.16	0.45	-0.03	-0.07	0.7	0.05	0.41	-0.23	-0.28	-0.29	-0.29	-0.2	-0.21
Net Tangible Assets	0.98	-0.25	1.0	0.63		0.96	0.51	0.5	-0.8	0.66	0.85	-0.46	-0.42	-0.69	0.73	-0.62	-0.68	0.99	-0.72	0.89	-0.51	-0.63	-0.65	-0.64	-0.45	-0.46
Retained Earnings	0.9	-0.23	0.97	0.42	0.96		0.58	0.41	-0.82	0.63	0.94	-0.53	-0.59	-0.78	0.68	-0.7	-0.81	0.94	-0.84	0.9	-0.56	-0.66	-0.68	-0.68	-0.5	-0.53
Accounts Payable	0.45	0.43	0.52	0.19	0.51	0.58		0.16	-0.52	0.38	0.47	-0.58	-0.47	-0.78	0.31	-0.53	-0.72	0.48	-0.42	0.57	-0.84	-0.87	-0.91	-0.93	-0.84	-0.72
Cash	0.55	0.04	0.51	0.45	0.5	0.41	0.16		-0.25	0.46	0.25	-0.42	0.02	-0.17	0.94	-0.05	-0.14	0.51	-0.25	0.32	-0.28	-0.27	-0.25	-0.23	-0.26	-0.28
Long Term Debt	-0.71	0.34	-0.8	-0.29	-0.8	-0.82	-0.52	-0.25		-0.67	-0.83	0.47	0.75	0.83	-0.5	0.95	0.7	-0.74	0.76	-0.96	0.48	0.67	0.69	0.65	0.42	0.31
Net Receivables	0.63	-0.32	0.66	0.35	0.66	0.63	0.38	0.46	-0.67		0.56	-0.22	-0.43	-0.62	0.59	-0.58	-0.45	0.63	-0.48	0.75	-0.31	-0.41	-0.47	-0.54	-0.28	-0.4
Short Term Investments	0.75	-0.39	0.85	0.16	0.85	0.94	0.47	0.25	-0.83	0.56		-0.44	-0.7	-0.72	0.56	-0.77	-0.8	0.81	-0.94	0.86	-0.39	-0.53	-0.55	-0.54	-0.33	-0.34
Other Stockholder Equity	-0.41	-0.31	-0.47	-0.14	-0.46	-0.53	-0.58	-0.42	0.47	-0.22	-0.44		0.45	0.64	-0.52	0.4	0.67	-0.43	0.38	-0.54	0.71	0.64	0.54	0.5	0.65	0.68
Total Liab	-0.24	0.18	-0.42	0.34	-0.42	-0.59	-0.47	0.02	0.75	-0.43	-0.7	0.45		0.82	-0.22	0.87	0.72	-0.32	0.76	-0.68	0.49	0.61	0.6	0.56	0.42	0.38
Short Long Term Debt	-0.58	-0.02	-0.7	-0.16	-0.69	-0.78	-0.78	-0.17	0.83	-0.62	-0.72	0.64	0.82		-0.4	0.84	0.83	-0.62	0.64	-0.87	0.78	0.87	0.87	0.87	0.7	0.72
Total Current Assets	0.74	-0.09	0.73	0.45	0.73	0.68	0.31	0.94	-0.5	0.59	0.56	-0.52	-0.22	-0.4		-0.3	-0.4	0.72	-0.53	0.58	-0.38	-0.43	-0.41	-0.39	-0.35	-0.38
Short Term Debt	-0.5	0.3	-0.62	-0.03	-0.62	-0.7	-0.53	-0.05	0.95	-0.58	-0.77	0.4	0.87	0.84	-0.3		0.73	-0.55	0.75	-0.86	0.47	0.67	0.69	0.64	0.41	0.27
Common Stock	-0.58	-0.07	-0.69	-0.07	-0.68	-0.81	-0.72	-0.14	0.7	-0.45	-0.8	0.67	0.72	0.83	-0.4	0.73		-0.64	0.8	-0.73	0.7	0.77	0.73	0.71	0.64	0.58
Property Plant Equipment	1.0	-0.24	0.99	0.7	0.99	0.94	0.48	0.51	-0.74	0.63	0.81	-0.43	-0.32	-0.62	0.72	-0.55	-0.64		-0.66	0.84	-0.47	-0.58	-0.6	-0.6	-0.42	-0.43
Other Assets	-0.6	0.32	-0.72	0.05	-0.72	-0.84	-0.42	-0.25	0.76	-0.48	-0.94	0.38	0.76	0.64	-0.53	0.75	0.8	-0.66		-0.72	0.36	0.52	0.53	0.49	0.32	0.2
Non Current Assets Total	0.82	-0.3	0.89	0.41	0.89	0.9	0.57	0.32	-0.96	0.75	0.86	-0.54	-0.68	-0.87	0.58	-0.86	-0.73	0.84	-0.72		-0.55	-0.67	-0.7	-0.7	-0.48	-0.51
Non Current Liabilities Total	-0.46	-0.61	-0.52	-0.23	-0.51	-0.56	-0.84	-0.28	0.48	-0.31	-0.39	0.71	0.49	0.78	-0.38	0.47	0.7	-0.47	0.36	-0.55		0.9	0.87	0.88	0.98	0.82
Net Debt	-0.56	-0.35	-0.63	-0.28	-0.63	-0.66	-0.87	-0.27	0.67	-0.41	-0.53	0.64	0.61	0.87	-0.43	0.67	0.77	-0.58	0.52	-0.67	0.9		0.98	0.93	0.85	0.66
Common Stock Shares Outstanding	-0.58	-0.32	-0.65	-0.29	-0.65	-0.68	-0.91	-0.25	0.69	-0.47	-0.55	0.54	0.6	0.87	-0.41	0.69	0.73	-0.6	0.53	-0.7	0.87	0.98		0.98	0.84	0.64
Net Invested Capital	-0.58	-0.34	-0.64	-0.29	-0.64	-0.68	-0.93	-0.23	0.65	-0.54	-0.54	0.5	0.56	0.87	-0.39	0.64	0.71	-0.6	0.49	-0.7	0.88	0.93	0.98		0.87	0.73
Net Working Capital	-0.41	-0.68	-0.45	-0.2	-0.45	-0.5	-0.84	-0.26	0.42	-0.28	-0.33	0.65	0.42	0.7	-0.35	0.41	0.64	-0.42	0.32	-0.48	0.98	0.85	0.84	0.87		0.76
Capital Stock	-0.42	-0.42	-0.47	-0.21	-0.46	-0.53	-0.72	-0.28	0.31	-0.4	-0.34	0.68	0.38	0.72	-0.38	0.27	0.58	-0.43	0.2	-0.51	0.82	0.66	0.64	0.73	0.76

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True North Account Relationship Matchups

True North fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	91.4K	623.8K	782.9K	155.7K	88.7K	84.3K
Total Current Liabilities	5.0M	6.6M	38.6K	78.2K	32.9K	31.2K
Total Stockholder Equity	(4.5M)	(6.0M)	(5.5M)	(6.4M)	(6.7M)	(6.4M)
Net Tangible Assets	(5.8M)	(4.9M)	(6.0M)	(6.4M)	(5.7M)	(5.5M)
Retained Earnings	(70.7M)	(72.3M)	(72.8M)	(73.7M)	(74.0M)	(77.7M)
Accounts Payable	1.1M	333.6K	358.6K	78.2K	70.4K	66.9K
Cash	62.4K	601.5K	715.1K	3.3K	19.9K	18.9K
Net Receivables	35.0	2.1K	1.8K	26.3K	3.8K	3.6K
Short Term Investments	14K	20K	66K	48.8K	65K	97.4K
Other Stockholder Equity	468.7K	614.1K	421.6K	16.8M	19.3M	20.3M
Total Liab	4.6M	6.6M	6.2M	6.5M	6.8M	5.7M
Short Long Term Debt	2.9M	3.7M	3.6M	5.4M	6.3M	6.6M
Total Current Assets	91.4K	623.8K	782.9K	78.3K	88.7K	84.3K
Common Stock	48.6M	49.0M	49.3M	50.6M	58.2M	52.8M
Net Debt	3.5M	4.8M	5.5M	6.5M	6.7M	5.2M
Common Stock Shares Outstanding	3.6M	13.6M	21.6M	31.6M	32.6M	21.6M
Net Invested Capital	(930.8K)	(543.4K)	744.3K	77.5K	55.8K	58.6K
Net Working Capital	(4.5M)	(6.0M)	744.3K	36.0	55.8K	58.6K

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