New Total Current Liabilities vs Net Receivables Analysis
| NFGC Stock | USD 1.77 0.11 6.63% |
New Found financial indicator trend analysis is infinitely more than just investigating New Found Gold recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether New Found Gold is a good investment. Please check the relationship between New Found Total Current Liabilities and its Net Receivables accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in New Found Gold. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.
Total Current Liabilities vs Net Receivables
Total Current Liabilities vs Net Receivables Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of New Found Gold Total Current Liabilities account and Net Receivables. At this time, the significance of the direction appears to have very strong relationship.
The correlation between New Found's Total Current Liabilities and Net Receivables is 0.88. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Net Receivables in the same time period over historical financial statements of New Found Gold, assuming nothing else is changed. The correlation between historical values of New Found's Total Current Liabilities and Net Receivables 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 New Found Gold are associated (or correlated) with its Net Receivables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Receivables has no effect on the direction of Total Current Liabilities i.e., New Found's Total Current Liabilities and Net Receivables go up and down completely randomly.
Correlation Coefficient | 0.88 |
| Relationship Direction | Positive |
| Relationship Strength | Strong |
Total Current Liabilities
Total Current Liabilities is an item on New Found balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of New Found Gold 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 Receivables
Most indicators from New Found's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into New Found Gold 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 New Found Gold. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price. As of November 29, 2024, Selling General Administrative is expected to decline to about 3.5 M. In addition to that, Issuance Of Capital Stock is expected to decline to about 66 M
| 2021 | 2022 | 2023 | 2024 (projected) | Total Operating Expenses | 56.1M | 87.8M | 103.5M | 63.7M | Cost Of Revenue | 582.9K | 880.4K | 940.2K | 560.1K |
New Found fundamental ratios Correlations
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New Found Account Relationship Matchups
High Positive Relationship
High Negative Relationship
New Found fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Other Current Liab | 392.5K | 581.9K | 12.7M | 27.1M | 13.7M | 8.6M | |
| Total Current Liabilities | 392.8K | 635.1K | 12.8M | 27.1M | 19.0M | 9.6M | |
| Net Tangible Assets | 955.2K | 9.0M | 72.9M | 122.7M | 141.1M | 148.1M | |
| Retained Earnings | (6.4M) | (39.0M) | (89.6M) | (179.6M) | (259.5M) | (246.5M) | |
| Accounts Payable | 371.18 | 396.45 | 2.5K | 5.3K | 5.2M | 5.4M | |
| Net Receivables | 337.2K | 1.0M | 1.8M | 3.1M | 3.4M | 3.5M | |
| Other Stockholder Equity | 4.7M | 24.2M | 30.5M | (77.0) | (88.55) | (84.12) | |
| Total Current Assets | 8.2M | 71.2M | 136.5M | 94.3M | 62.4M | 59.0M | |
| Common Stock | 10.7M | 87.7M | 181.8M | 229.6M | 290.2M | 304.8M | |
| Property Plant Equipment | 719.3K | 1.1M | 2.4M | 11.5M | 13.3M | 13.9M |
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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 New Found Gold offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of New Found's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of New Found Gold Stock. Outlined below are crucial reports that will aid in making a well-informed decision on New Found Gold Stock:Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in New Found Gold. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price. You can also try the Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.
Is Diversified Metals & Mining 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 New Found. If investors know New 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 New Found listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.78) | Earnings Share (0.21) | Return On Assets (0.66) | Return On Equity (1.10) |
The market value of New Found Gold is measured differently than its book value, which is the value of New that is recorded on the company's balance sheet. Investors also form their own opinion of New Found's value that differs from its market value or its book value, called intrinsic value, which is New Found's 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 New Found's market value can be influenced by many factors that don't directly affect New Found's 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 New Found's value and its price as these two are different measures arrived at by different means. Investors typically determine if New Found is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, New Found's 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.