National Total Current Liabilities vs Net Debt Analysis

NAB Stock   37.59  0.05  0.13%   
National Australia financial indicator trend analysis is infinitely more than just investigating National Australia Bank recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether National Australia Bank is a good investment. Please check the relationship between National Australia Total Current Liabilities and its Net Debt accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in National Australia Bank. 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.

Total Current Liabilities vs Net Debt

Total Current Liabilities vs Net Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of National Australia Bank Total Current Liabilities account and Net Debt. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between National Australia's Total Current Liabilities and Net Debt is -0.15. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Net Debt in the same time period over historical financial statements of National Australia Bank, assuming nothing else is changed. The correlation between historical values of National Australia's Total Current Liabilities and Net Debt 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 National Australia Bank are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Total Current Liabilities i.e., National Australia's Total Current Liabilities and Net Debt go up and down completely randomly.

Correlation Coefficient

-0.15
Relationship DirectionNegative 
Relationship StrengthInsignificant

Total Current Liabilities

Total Current Liabilities is an item on National Australia balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of National Australia Bank 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 Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.
Most indicators from National Australia's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into National Australia Bank 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 National Australia Bank. 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.
Selling General Administrative is likely to gain to about 2 B in 2024, whereas Discontinued Operations is likely to drop (204.1 M) in 2024.
 2021 2022 2023 2024 (projected)
Total Revenue25.0B51.7B20.6B15.8B
Interest Expense2.3B31.3B41.5B43.6B

National Australia fundamental ratios Correlations

0.670.30.350.950.440.410.950.050.360.820.040.120.310.670.89-0.130.390.21-0.590.840.310.280.710.760.35
0.670.350.50.710.180.160.560.350.420.830.37-0.25-0.050.880.73-0.380.360.15-0.360.730.00.320.310.860.03
0.30.350.530.430.430.590.08-0.430.430.23-0.41-0.74-0.610.490.62-0.280.160.75-0.270.380.320.66-0.230.580.64
0.350.50.530.350.78-0.150.320.330.890.590.35-0.31-0.380.750.49-0.680.610.01-0.690.320.680.880.020.610.45
0.950.710.430.350.350.520.840.00.330.780.0-0.070.170.730.96-0.010.310.39-0.440.840.230.310.570.860.38
0.440.180.430.780.350.040.44-0.050.770.36-0.05-0.05-0.270.380.43-0.480.550.03-0.660.390.940.860.250.320.68
0.410.160.59-0.150.520.040.21-0.8-0.160.08-0.8-0.27-0.110.10.560.33-0.220.880.010.430.020.120.10.390.54
0.950.560.080.320.840.440.210.190.370.830.170.350.480.580.73-0.160.45-0.04-0.670.740.310.180.80.620.25
0.050.35-0.430.330.0-0.05-0.80.190.340.431.00.20.260.42-0.06-0.320.43-0.71-0.22-0.01-0.1-0.070.150.18-0.47
0.360.420.430.890.330.77-0.160.370.340.580.32-0.18-0.230.660.44-0.630.89-0.06-0.720.420.690.780.120.530.61
0.820.830.230.590.780.360.080.830.430.580.430.080.30.890.75-0.390.59-0.03-0.70.720.220.330.570.850.19
0.040.37-0.410.350.0-0.05-0.80.171.00.320.430.170.220.44-0.05-0.340.38-0.7-0.2-0.01-0.1-0.050.130.19-0.51
0.12-0.25-0.74-0.31-0.07-0.05-0.270.350.2-0.180.080.170.77-0.3-0.280.140.07-0.53-0.18-0.120.04-0.360.55-0.33-0.19
0.31-0.05-0.61-0.380.17-0.27-0.110.480.26-0.230.30.220.77-0.12-0.070.390.1-0.48-0.180.03-0.16-0.550.76-0.06-0.21
0.670.880.490.750.730.380.10.580.420.660.890.44-0.3-0.120.8-0.490.530.19-0.590.650.210.530.20.940.23
0.890.730.620.490.960.430.560.73-0.060.440.75-0.05-0.28-0.070.8-0.150.340.52-0.480.830.280.460.370.910.47
-0.13-0.38-0.28-0.68-0.01-0.480.33-0.16-0.32-0.63-0.39-0.340.140.39-0.49-0.15-0.50.110.57-0.2-0.28-0.570.22-0.23-0.09
0.390.360.160.610.310.55-0.220.450.430.890.590.380.070.10.530.34-0.5-0.22-0.680.430.490.470.280.420.52
0.210.150.750.010.390.030.88-0.04-0.71-0.06-0.03-0.7-0.53-0.480.190.520.11-0.220.090.3-0.030.28-0.320.40.5
-0.59-0.36-0.27-0.69-0.44-0.660.01-0.67-0.22-0.72-0.7-0.2-0.18-0.18-0.59-0.480.57-0.680.09-0.33-0.53-0.52-0.39-0.48-0.47
0.840.730.380.320.840.390.430.74-0.010.420.72-0.01-0.120.030.650.83-0.20.430.3-0.330.230.310.490.730.37
0.310.00.320.680.230.940.020.31-0.10.690.22-0.10.04-0.160.210.28-0.280.49-0.03-0.530.230.820.290.20.71
0.280.320.660.880.310.860.120.18-0.070.780.33-0.05-0.36-0.550.530.46-0.570.470.28-0.520.310.82-0.060.480.67
0.710.31-0.230.020.570.250.10.80.150.120.570.130.550.760.20.370.220.28-0.32-0.390.490.29-0.060.310.13
0.760.860.580.610.860.320.390.620.180.530.850.19-0.33-0.060.940.91-0.230.420.4-0.480.730.20.480.310.36
0.350.030.640.450.380.680.540.25-0.470.610.19-0.51-0.19-0.210.230.47-0.090.520.5-0.470.370.710.670.130.36
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National Australia Account Relationship Matchups

National Australia fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets866.9B926.2B1.1T1.1T1.1T587.6B
Short Long Term Debt Total281.9B300.0B318.5B310.1B356.6B374.5B
Other Current Liab366.7B392.9B413.5B401.1B(8.6B)(8.2B)
Total Current Liabilities471.2B524.2B543.1B516.0B593.4B623.0B
Total Stockholder Equity61.3B62.8B59.0B61.2B61.5B36.2B
Property Plant And Equipment Net2.4B2.8B3.0B3.0B2.9B1.7B
Net Debt222.4B249.4B288.0B286.4B(112.9B)(107.3B)
Retained Earnings15.7B19.0B21.5B23.8B25.2B14.2B
Cash34.7B27.0B2.7B2.9B112.9B118.6B
Non Current Assets Total701.7B799.4B902.3B899.3B967.3B1.0T
Other Assets825.7B892.1B1.0T1.0T1.1T1.1T
Cash And Short Term Investments34.7B27.0B2.7B2.9B112.9B118.6B
Net Receivables1.7B1.4B2.2B2.9B2.6B2.5B
Good Will1.8B2.0B2.1B2.1B2.4B3.2B
Common Stock Shares Outstanding3.3B3.5B3.5B3.4B3.3B2.2B
Short Term Investments40.6B44.2B121.1B(117.3B)(134.9B)(128.2B)
Liabilities And Stockholders Equity866.9B926.2B1.1T1.1T1.1T581.7B
Non Current Liabilities Total334.4B339.2B453.1B481.7B554.0B581.7B
Other Current Assets165.2B126.8B152.9B159.9B(2.6B)(2.5B)
Other Stockholder Equity2.0B550M(1.8B)(1.2B)(362M)(343.9M)
Total Liab805.6B863.4B996.2B997.7B1.0T530.7B
Total Current Assets165.2B126.8B152.9B159.9B112.9B96.4B
Accumulated Other Comprehensive Income99M550M(1.8B)(1.2B)(1.1B)(1.0B)
Short Term Debt103.6B130.2B128.3B113.8B130.9B87.7B
Common Stock43.5B43.2B39.4B38.5B36.6B38.4B
Non Currrent Assets Other685.5B783.6B881.0B881.7B(129.5B)(123.0B)
Current Deferred Revenue(469.9B)(523.3B)(541.8B)(107.4B)(96.7B)(101.5B)
Accounts Payable805M1.1B1.4B1.1B7.6B5.4B
Inventory(36.4B)(28.4B)(4.8B)(5.8B)(6.6B)(7.0B)
Intangible Assets3.8B4.1B4.7B5.0B5.2B3.1B
Other Liab11.3B10.5B9.1B9.4B8.4B8.0B
Long Term Debt176.7B167.9B188.0B194.1B223.2B134.3B
Property Plant Equipment2.4B2.8B3.0B3.0B2.7B1.6B
Net Tangible Assets50.0B57.5B58.7B54.4B62.5B44.9B
Long Term Investments140.1B124.8B147.1B130.6B117.5B97.8B

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