Nine Net Borrowings vs Depreciation Analysis

NEC Stock   1.26  0.03  2.33%   
Nine Entertainment financial indicator trend analysis is infinitely more than just investigating Nine Entertainment recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Nine Entertainment is a good investment. Please check the relationship between Nine Entertainment Net Borrowings and its Depreciation accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nine Entertainment Co. 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 Borrowings vs Depreciation

Net Borrowings vs Depreciation Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Nine Entertainment Net Borrowings account and Depreciation. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Nine Entertainment's Net Borrowings and Depreciation is 0.54. Overlapping area represents the amount of variation of Net Borrowings that can explain the historical movement of Depreciation in the same time period over historical financial statements of Nine Entertainment Co, assuming nothing else is changed. The correlation between historical values of Nine Entertainment's Net Borrowings and Depreciation 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 Borrowings of Nine Entertainment Co are associated (or correlated) with its Depreciation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Depreciation has no effect on the direction of Net Borrowings i.e., Nine Entertainment's Net Borrowings and Depreciation go up and down completely randomly.

Correlation Coefficient

0.54
Relationship DirectionPositive 
Relationship StrengthWeak

Net Borrowings

The difference between the amount of new debt a company has taken on and the amount of debt it has paid off during a given period.

Depreciation

Depreciation indicates how much of Nine Entertainment value has been used up. For tax purposes Nine Entertainment can deduct the cost of the tangible assets it purchases as business expenses. However, Nine Entertainment Co must depreciate these assets in accordance with IRS rules about how and when the deduction may be taken, and how long it will last. The systematic allocation of the cost of a tangible asset over its useful life.
Most indicators from Nine Entertainment's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Nine Entertainment 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 Nine Entertainment Co. 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 drop to about 466.4 M in 2024. Discontinued Operations is likely to gain to about (56.6 M) in 2024

Nine Entertainment fundamental ratios Correlations

0.70.320.93-0.77-0.150.340.680.890.02-0.320.630.150.120.880.440.90.690.49-0.49-0.64-0.050.52-0.010.440.61
0.70.390.5-0.63-0.47-0.230.180.60.08-0.390.61-0.18-0.30.650.640.780.710.43-0.46-0.44-0.130.60.120.450.72
0.320.390.31-0.10.30.220.410.090.690.150.920.190.450.320.050.220.05-0.25-0.41-0.330.07-0.07-0.010.280.0
0.930.50.31-0.540.130.410.780.830.14-0.180.530.260.30.850.140.790.430.39-0.34-0.68-0.030.22-0.130.180.36
-0.77-0.63-0.1-0.540.62-0.02-0.37-0.620.410.56-0.450.130.26-0.46-0.76-0.84-0.9-0.670.760.19-0.18-0.88-0.4-0.7-0.85
-0.15-0.470.30.130.620.60.38-0.10.60.590.090.440.850.08-0.69-0.48-0.7-0.680.44-0.170.03-0.83-0.44-0.4-0.73
0.34-0.230.220.41-0.020.60.580.320.340.240.30.340.70.45-0.13-0.03-0.15-0.370.16-0.290.02-0.26-0.310.15-0.28
0.680.180.410.78-0.370.380.580.450.190.10.550.180.630.570.120.450.22-0.04-0.27-0.340.27-0.030.110.350.17
0.890.60.090.83-0.62-0.10.320.45-0.05-0.290.40.290.070.860.30.750.620.48-0.22-0.74-0.310.48-0.250.180.5
0.020.080.690.140.410.60.340.19-0.050.430.50.220.420.35-0.37-0.18-0.44-0.550.23-0.36-0.2-0.54-0.48-0.24-0.56
-0.32-0.390.15-0.180.560.590.240.1-0.290.43-0.030.170.48-0.14-0.41-0.53-0.42-0.540.320.090.02-0.56-0.37-0.27-0.53
0.630.610.920.53-0.450.090.30.550.40.5-0.030.170.370.560.340.520.4-0.02-0.55-0.480.010.250.030.480.31
0.15-0.180.190.260.130.440.340.180.290.220.170.170.390.22-0.58-0.04-0.07-0.190.0-0.42-0.3-0.1-0.4-0.23-0.16
0.12-0.30.450.30.260.850.70.630.070.420.480.370.390.17-0.33-0.22-0.32-0.530.13-0.280.07-0.52-0.28-0.07-0.39
0.880.650.320.85-0.460.080.450.570.860.35-0.140.560.220.170.220.690.410.23-0.11-0.74-0.260.23-0.310.20.29
0.440.640.050.14-0.76-0.69-0.130.120.3-0.37-0.410.34-0.58-0.330.220.540.790.39-0.45-0.010.070.760.40.680.76
0.90.780.220.79-0.84-0.48-0.030.450.75-0.18-0.530.52-0.04-0.220.690.540.780.74-0.62-0.5-0.010.680.20.460.78
0.690.710.050.43-0.9-0.7-0.150.220.62-0.44-0.420.4-0.07-0.320.410.790.780.62-0.65-0.31-0.10.940.230.570.92
0.490.43-0.250.39-0.67-0.68-0.37-0.040.48-0.55-0.54-0.02-0.19-0.530.230.390.740.62-0.5-0.180.00.680.220.180.64
-0.49-0.46-0.41-0.340.760.440.16-0.27-0.220.230.32-0.550.00.13-0.11-0.45-0.62-0.65-0.5-0.05-0.45-0.65-0.52-0.64-0.66
-0.64-0.44-0.33-0.680.19-0.17-0.29-0.34-0.74-0.360.09-0.48-0.42-0.28-0.74-0.01-0.5-0.31-0.18-0.050.71-0.140.660.27-0.11
-0.05-0.130.07-0.03-0.180.030.020.27-0.31-0.20.020.01-0.30.07-0.260.07-0.01-0.10.0-0.450.71-0.080.760.550.1
0.520.6-0.070.22-0.88-0.83-0.26-0.030.48-0.54-0.560.25-0.1-0.520.230.760.680.940.68-0.65-0.14-0.080.310.550.87
-0.010.12-0.01-0.13-0.4-0.44-0.310.11-0.25-0.48-0.370.03-0.4-0.28-0.310.40.20.230.22-0.520.660.760.310.70.49
0.440.450.280.18-0.7-0.40.150.350.18-0.24-0.270.48-0.23-0.070.20.680.460.570.18-0.640.270.550.550.70.67
0.610.720.00.36-0.85-0.73-0.280.170.5-0.56-0.530.31-0.16-0.390.290.760.780.920.64-0.66-0.110.10.870.490.67
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Nine Entertainment Account Relationship Matchups

Nine Entertainment fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets3.7B3.9B4.1B4.0B4.0B3.2B
Other Current Liab350.6M634.1M668.2M448.6M470.8M302.9M
Total Current Liabilities647.7M837.4M907.5M867.4M881.5M844.3M
Total Stockholder Equity1.7B1.8B1.9B1.7B1.6B1.3B
Net Tangible Assets(693.8M)(592.8M)(802.5M)(921.9M)(829.7M)(788.2M)
Retained Earnings(315.0M)(264.9M)(178.8M)(212.4M)(248.2M)(235.8M)
Accounts Payable183.7M23.7M2.6M282.8M257.0M162.3M
Cash187.4M171.9M153.5M119.7M92.9M158.5M
Net Receivables258.1M381.0M408.4M425.3M381.3M298.2M
Other Current Assets40.0M40.3M39.7M56.5M121.4M188.3M
Other Stockholder Equity(73.2M)12.7M(78.0M)(85.7M)(1.0)(1.05)
Total Liab1.8B2.0B2.1B2.1B2.2B2.0B
Long Term Investments31.2M37.9M40.1M37.6M33.4M35.7M
Short Long Term Debt79.6M79.6M79.8M99.4M99.7M117.3M
Total Current Assets711.2M849.8M892.8M900.9M905.5M666.3M
Short Term Debt103.4M123.5M115.1M136.0M139.3M146.2M
Common Stock2.1B2.1B2.1B2.0B1.9B1.3B
Property Plant Equipment415.2M573.9M491.5M442.1M508.5M533.9M
Other Liab366.0M387.3M415.7M394.7M453.9M287.5M
Other Assets40.8M42.2M35.4M28.3M25.4M24.2M
Long Term Debt504.7M342.3M398.1M543.5M633.2M706.5M
Good Will933.7M888.9M1.1B1.1B1.1B835.6M
Inventory225.7M256.6M291.3M299.5M310.0M325.5M
Intangible Assets2.4B2.3B2.5B2.4B1.4B1.4B
Short Long Term Debt Total852.6M850.4M860.6M1.0B1.1B725.4M
Property Plant And Equipment Net415.2M573.9M491.5M442.1M408.7M305.7M
Current Deferred Revenue58.1M65.6M77.0M87.9M83.4M69.6M
Net Debt665.2M678.5M707.2M893.6M986.4M566.6M
Non Current Assets Total3.0B3.1B3.2B3.1B3.1B2.6B
Non Currrent Assets Other149.8M170.6M192.2M184.7M199.6M209.6M
Cash And Short Term Investments187.4M171.9M153.5M119.7M92.9M113.7M
Liabilities And Stockholders Equity3.7B3.9B4.1B4.0B4.0B3.6B
Non Current Liabilities Total1.1B1.1B1.2B1.3B1.3B883.4M
Property Plant And Equipment Gross415.2M1.2B1.2B514.7M892.9M473.1M
Accumulated Other Comprehensive Income(61.5M)(42.7M)(54.9M)(63.5M)(58.3M)(55.3M)
Long Term Debt Total749.2M726.9M745.5M877.2M1.0B569.6M

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