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Nouveau Monde Graphite Inc (NYSE: NMG) |
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Nouveau Monde Graphite Inc 's Working Capital Ratio
NMG's quarterly Working Capital Ratio and Current Assets, Current Liabilities growth
Regardless of the sequential decrease in Current Liabilities, during the forth quarter 2023, Working Capital Ratio deteriorated to 3.58 above company average Working Capital Ratio.
Within Metal Mining industry Nouveau Monde Graphite Inc booked the highest Working Capital Ratio than Nouveau Monde Graphite Inc in the forth quarter 2023. While Working Capital Ratio total ranking has improved so far during the Q4 2023 to 776, from total ranking in the third quarter 2023 at 939.
Explain Working Capital Ratio
How much Current Assetss NMG´s has?
What are NMG´s Current Liabilities?
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Select the Comparisons :
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Select the Ratio:
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| NMG Working Capital Ratio |
(Dec 31 2023)
Q4 |
0
Q3 |
0
Q2 |
0
Q1 |
(Apr 27 2019)
Q3 |
| Y / Y Current Liabilities Change |
-98.78 % |
-98.87 % |
-98.94 % |
-98.93 % |
-9.05 % |
| Y / Y Current Assets Change |
-97.71 % |
-97.52 % |
-97.78 % |
-97.49 % |
4 % |
| Working Capital Ratio MRQ |
3.58 |
3.58 |
3.58 |
3.58 |
1.91 |
| NMG's Total
Ranking |
# 776 |
# 939 |
# 939 |
# 939 |
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| Seq. Current Liabilities Change |
0 % |
0 % |
0 % |
-98.78 % |
-7.26 % |
| Seq. Current Assets Change |
0 % |
0 % |
0 % |
-97.71 % |
8.55 % |
| Working Capital Ratio forth quarter 2023 Company Ranking |
| Within: |
No. |
| Metal Mining Industry |
# 1 |
| Basic Materials Sector |
# 16 |
| Overall Market |
# 776 |
| Working Capital Ratio Statistics |
| High |
Average |
Low |
| 3.58 |
2.03 |
1.53 |
| (Dec 31 2023) |
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(Jul 28 2018) |
Cumulative Nouveau Monde Graphite Inc 's Working Capital Ratio
NMG's Working Capital Ratio for the trailling 12 Months
NMG Working Capital Ratio |
(Dec 31 2023)
12 Months |
0
12 Months |
0
12 Months |
0
12 Months |
(Apr 27 2019)
12 Months |
| Y / Y Current Liabilities TTM Growth |
-98.88 % |
-76.84 % |
-53.5 % |
-28.36 % |
-1.74 % |
| Y / Y Current Assets TTM Growth |
-97.63 % |
-72.06 % |
-48.89 % |
-23.82 % |
-2.21 % |
| Working Capital Ratio TTM |
3.58 |
1.97 |
1.79 |
1.76 |
1.69 |
| Total Ranking TTM |
# 4134
| # 3519
| # 3188
| # 3188
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| Seq. Current Liabilities TTM Growth |
-95.29 % |
-50.7 % |
-35.18 % |
-25.86 % |
-2.22 % |
| Seq. Current Assets TTM Growth |
-91.44 % |
-45.67 % |
-33.87 % |
-23.01 % |
1.01 % |
On the trailing twelve months basis Current Liabilities decreased faster than Nouveau Monde Graphite Inc 's average Current Assets, this led to increase in in Nouveau Monde Graphite Inc 's Working Capital Ratio to 3.58, above NMG average Working Capital Ratio. Working Capital Ratio is the average cumulative value over the last four quarters.
Among companies operating within Metal Mining industry 92 other companies have achieved higher Working Capital Ratio than Nouveau Monde Graphite Inc . While Working Capital Ratio total ranking has deteriorated compared to the previous twelve months ending in the third quarter 2023 from 3519 to 4134.
Explain Working Capital Ratio
How much Current Assetss NMG´s has?
What are NMG´s Current Liabilities?
| TTM Working Capital Ratio Company Ranking |
| Within: |
No. |
| Within the Metal Mining Industry |
# 93 |
| Basic Materials Sector |
# 325 |
| Within the Market |
# 4134 |
| trailing twelve months Working Capital Ratio Statistics |
| High |
Average |
Low |
| 1.85 |
1.72 |
1.63 |
| (Oct 28 2017) |
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(Oct 27 2018) |
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Date modified: 2024-03-29T10:30:25+00:00
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