| 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 Long Term Debt and its Non Current Liabilities Total 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.
Long Term Debt vs Non Current Liabilities Total
Long Term Debt vs Non Current Liabilities Total Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
NRB Industrial Bearings Long Term Debt account and
Non Current Liabilities Total. At this time, the significance of the direction appears to have almost identical trend.
The correlation between NRB Industrial's Long Term Debt and Non Current Liabilities Total is 0.95. Overlapping area represents the amount of variation of Long Term Debt that can explain the historical movement of Non Current Liabilities Total 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 Long Term Debt and Non Current Liabilities Total is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Long Term Debt of NRB Industrial Bearings are associated (or correlated) with its Non Current Liabilities Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Liabilities Total has no effect on the direction of Long Term Debt i.e., NRB Industrial's Long Term Debt and Non Current Liabilities Total go up and down completely randomly.
Correlation Coefficient | 0.95 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Long Term Debt
Long-term debt is a debt that NRB Industrial Bearings has held for over one year. Long-term debt appears on NRB Industrial Bearings balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on NRB Industrial Bearings balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.
Non Current Liabilities Total
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
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.
Additional Tools for NRB Stock Analysis
When running NRB Industrial's price analysis, check to
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.