Nationwide Net Receivables vs Total Liab Analysis

NBS Stock   132.00  0.00  0.00%   
Nationwide Building financial indicator trend analysis is infinitely more than just investigating Nationwide Building recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Nationwide Building is a good investment. Please check the relationship between Nationwide Building Net Receivables and its Total Liab accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nationwide Building Society. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

Net Receivables vs Total Liab

Net Receivables vs Total Liab Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Nationwide Building Net Receivables account and Total Liab. At this time, the significance of the direction appears to have strong relationship.
The correlation between Nationwide Building's Net Receivables and Total Liab is 0.79. Overlapping area represents the amount of variation of Net Receivables that can explain the historical movement of Total Liab in the same time period over historical financial statements of Nationwide Building Society, assuming nothing else is changed. The correlation between historical values of Nationwide Building's Net Receivables and Total Liab 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 Receivables of Nationwide Building Society are associated (or correlated) with its Total Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Liab has no effect on the direction of Net Receivables i.e., Nationwide Building's Net Receivables and Total Liab go up and down completely randomly.

Correlation Coefficient

0.79
Relationship DirectionPositive 
Relationship StrengthSignificant

Net Receivables

Total Liab

The total amount of all liabilities that a company has, including both short-term and long-term liabilities.
Most indicators from Nationwide Building's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Nationwide Building 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 Nationwide Building Society. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.
The current year's Selling General Administrative is expected to grow to about 1.1 B, whereas Tax Provision is forecasted to decline to about 334.9 M.
 2021 2022 2023 2024 (projected)
Gross Profit5.0B9.3B14.5B15.3B
Total Revenue5.0B9.3B4.7B3.4B

Nationwide Building fundamental ratios Correlations

0.95-0.350.780.140.040.840.491.00.070.27-0.070.880.580.71-0.070.32-0.760.30.290.780.790.30.870.80.56
0.95-0.30.72-0.040.070.740.440.940.010.39-0.170.760.60.48-0.310.14-0.70.220.210.720.80.210.830.690.58
-0.35-0.3-0.16-0.330.73-0.32-0.51-0.36-0.380.59-0.23-0.440.02-0.25-0.12-0.460.430.260.26-0.16-0.140.26-0.1-0.240.12
0.780.72-0.16-0.240.070.680.210.79-0.330.18-0.50.740.90.65-0.14-0.08-0.730.490.481.00.740.480.910.810.89
0.14-0.04-0.33-0.24-0.140.190.180.150.56-0.310.940.2-0.420.340.340.910.05-0.3-0.3-0.24-0.11-0.26-0.03-0.01-0.56
0.040.070.730.07-0.140.020.040.04-0.080.87-0.140.020.09-0.02-0.06-0.12-0.040.060.060.070.40.050.30.040.24
0.840.74-0.320.680.190.020.50.850.250.12-0.060.890.390.670.260.43-0.710.250.240.680.560.240.690.850.43
0.490.44-0.510.210.180.040.50.490.60.160.060.67-0.130.290.290.48-0.72-0.35-0.360.210.41-0.380.30.4-0.02
1.00.94-0.360.790.150.040.850.490.070.26-0.060.880.580.73-0.040.34-0.760.310.30.790.790.310.870.810.56
0.070.01-0.38-0.330.56-0.080.250.60.07-0.120.540.36-0.66-0.110.420.78-0.24-0.72-0.73-0.33-0.19-0.71-0.230.09-0.61
0.270.390.590.18-0.310.870.120.160.26-0.12-0.270.110.22-0.03-0.3-0.25-0.150.110.110.180.560.090.430.120.36
-0.07-0.17-0.23-0.50.94-0.14-0.060.06-0.060.54-0.27-0.07-0.590.10.210.790.3-0.39-0.39-0.5-0.27-0.36-0.24-0.27-0.74
0.880.76-0.440.740.20.020.890.670.880.360.11-0.070.40.660.240.51-0.910.060.040.740.640.050.740.880.45
0.580.60.020.9-0.420.090.39-0.130.58-0.660.22-0.590.40.48-0.39-0.39-0.460.590.590.90.670.590.810.530.95
0.710.48-0.250.650.34-0.020.670.290.73-0.11-0.030.10.660.480.390.4-0.490.570.560.650.510.570.690.610.45
-0.07-0.31-0.12-0.140.34-0.060.260.29-0.040.42-0.30.210.24-0.390.390.48-0.130.090.08-0.14-0.240.08-0.210.17-0.24
0.320.14-0.46-0.080.91-0.120.430.480.340.78-0.250.790.51-0.390.40.48-0.28-0.39-0.4-0.080.03-0.370.090.25-0.45
-0.76-0.70.43-0.730.05-0.04-0.71-0.72-0.76-0.24-0.150.3-0.91-0.46-0.49-0.13-0.280.030.05-0.73-0.690.05-0.68-0.74-0.54
0.30.220.260.49-0.30.060.25-0.350.31-0.720.11-0.390.060.590.570.09-0.390.031.00.490.291.00.40.330.62
0.290.210.260.48-0.30.060.24-0.360.3-0.730.11-0.390.040.590.560.08-0.40.051.00.480.281.00.390.320.62
0.780.72-0.161.0-0.240.070.680.210.79-0.330.18-0.50.740.90.65-0.14-0.08-0.730.490.480.740.480.910.810.89
0.790.8-0.140.74-0.110.40.560.410.79-0.190.56-0.270.640.670.51-0.240.03-0.690.290.280.740.280.890.610.71
0.30.210.260.48-0.260.050.24-0.380.31-0.710.09-0.360.050.590.570.08-0.370.051.01.00.480.280.40.330.6
0.870.83-0.10.91-0.030.30.690.30.87-0.230.43-0.240.740.810.69-0.210.09-0.680.40.390.910.890.40.750.78
0.80.69-0.240.81-0.010.040.850.40.810.090.12-0.270.880.530.610.170.25-0.740.330.320.810.610.330.750.59
0.560.580.120.89-0.560.240.43-0.020.56-0.610.36-0.740.450.950.45-0.24-0.45-0.540.620.620.890.710.60.780.59
Click cells to compare fundamentals

Nationwide Building Account Relationship Matchups

Nationwide Building fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets248.0B254.9B272.4B271.9B271.9B199.1B
Total Stockholder Equity12.4B12.8B14.4B15.6B17.7B9.2B
Cash14.5B17.7B30.8B26.0B24.5B25.7B
Other Assets231.2B235.1B239.8B244.3B(326M)(309.7M)
Total Liab235.7B242.1B258.0B256.3B254.2B189.9B
Intangible Assets1.2B1.1B913M862M836M759.5M
Short Long Term Debt Total68.2B64.4B72.1B61.2B54.9B45.7B
Other Current Liab(1M)(7M)3.9B3.5B3.4B3.3B
Total Current Liabilities22.4B22.9B32.4B17.2B3.4B5.0B
Property Plant And Equipment Net1.2B1B862M742M654M931.0M
Net Debt53.7B46.7B41.2B35.2B(23.8B)(22.6B)
Non Current Assets Total234.0B238.0B241.8B245.9B247.8B260.1B
Non Currrent Assets Other225.0B231.1B237.7B242.3B243.3B255.5B
Cash And Short Term Investments14.5B17.7B30.8B26.0B24.5B25.7B
Net Receivables205M213M252M302M294M189M
Liabilities And Stockholders Equity248.0B254.9B272.4B271.9B271.9B215.1B
Non Current Liabilities Total213.3B219.2B225.6B239.1B221.4B232.5B
Other Current Assets14.0B16.9B30.5B26.0B24.2B14.8B
Property Plant And Equipment Gross1.2B1.0B1.9B1.8B2.1B2.2B
Total Current Assets14.0B16.9B30.5B26.0B24.5B19.5B
Accumulated Other Comprehensive Income295M303M276M153M1.4B848.9M
Retained Earnings10.7B11.1B12.8B14.2B15.1B9.8B
Inventory(14.7B)(17.9B)(31.1B)(26.3B)23.5B24.7B
Short Term Debt20.1B20.5B28.4B13.7B9.2B17.7B
Long Term Investments26.5B30.2B27.8B29.5B29.5B27.0B
Net Invested Capital58.3B48.5B49.7B51.6B54.8B42.4B

Also Currently Popular

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.

Other Information on Investing in Nationwide Stock

Balance Sheet is a snapshot of the financial position of Nationwide Building at a specified time, usually calculated after every quarter, six months, or one year. Nationwide Building Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Nationwide Building and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Nationwide currently owns. An asset can also be divided into two categories, current and non-current.