| NIBL Stock | | | 28.31 1.13 4.16% |
NRB Industrial financial indicator trend analysis is infinitely more than just investigating NRB Industrial Bearings recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether NRB Industrial Bearings is a good investment. Please check the relationship between NRB Industrial Cash and its Accounts Payable accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NRB Industrial Bearings. 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.
Cash vs Accounts Payable
Cash vs Accounts Payable Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
NRB Industrial Bearings Cash account and
Accounts Payable. At this time, the significance of the direction appears to have very week relationship.
The correlation between NRB Industrial's Cash and Accounts Payable is 0.22. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of NRB Industrial Bearings, assuming nothing else is changed. The correlation between historical values of NRB Industrial's Cash and Accounts Payable is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash of NRB Industrial Bearings are associated (or correlated) with its Accounts Payable. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Accounts Payable has no effect on the direction of Cash i.e., NRB Industrial's Cash and Accounts Payable go up and down completely randomly.
Correlation Coefficient | 0.22 |
| Relationship Direction | Positive |
| Relationship Strength | Very Weak |
Cash
Cash refers to the most liquid asset of NRB Industrial Bearings, which is listed under current asset account on NRB Industrial Bearings balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from NRB Industrial customers. The amounts must be unrestricted with restricted cash listed in a different NRB Industrial account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.
Accounts Payable
An accounting item on the balance sheet that represents NRB Industrial obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of NRB Industrial Bearings are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.
Most indicators from NRB Industrial's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into NRB Industrial Bearings 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 NRB Industrial Bearings. 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 103.8
M in 2024.
Issuance Of Capital Stock is likely to gain to about 80
M in 2024
NRB Industrial fundamental ratios Correlations
Click cells to compare fundamentals
NRB Industrial Account Relationship Matchups
High Positive Relationship
High Negative Relationship
NRB Industrial fundamental ratios Accounts
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Additional Tools for NRB Stock Analysis
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measure NRB Industrial's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy NRB Industrial is operating at the current time. Most of NRB Industrial's value examination focuses on studying past and present price action to
predict the probability of NRB Industrial's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NRB Industrial's price. Additionally, you may evaluate how the addition of NRB Industrial to your portfolios can decrease your overall portfolio volatility.