True Net Income vs Net Interest Income Analysis

TGX Stock

CAD 0.05 0.02 28.57%

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 Net Income and its Net Interest Income 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.

Net Income vs Net Interest Income

Net Income vs Net Interest Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of True North Gems Net Income account and Net Interest Income. At this time, the significance of the direction appears to have almost no relationship.

The correlation between True North's Net Income and Net Interest Income is 0.14. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Net Interest Income 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 Net Income and Net Interest Income 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 Income of True North Gems are associated (or correlated) with its Net Interest Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Interest Income has no effect on the direction of Net Income i.e., True North's Net Income and Net Interest Income go up and down completely randomly.

Correlation Coefficient

0.14

Relationship Direction	Positive
Relationship Strength	Insignificant

View All Relationships

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in True North Gems financial statement analysis. It represents the amount of money remaining after all of True North Gems operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Net Interest Income

The difference between the revenue generated from a bank's interest-bearing assets and the expenses associated with paying its interest-bearing liabilities.

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

Click cells to compare fundamentals

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

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.

Explore Investing Ideas

Additional Tools for True Stock Analysis

When running True North's price analysis, check to measure True North's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy True North is operating at the current time. Most of True North's value examination focuses on studying past and present price action to predict the probability of True North's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move True North's price. Additionally, you may evaluate how the addition of True North to your portfolios can decrease your overall portfolio volatility.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC