NRB Net Debt vs Common Stock Analysis

NIBL Stock

27.57 0.74 2.61%

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 Net Debt and its Common Stock 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.

Net Debt vs Common Stock

Net Debt vs Common Stock Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of NRB Industrial Bearings Net Debt account and Common Stock. At this time, the significance of the direction appears to have almost no relationship.

The correlation between NRB Industrial's Net Debt and Common Stock is 0.18. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Common Stock 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 Net Debt and Common Stock 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 Debt of NRB Industrial Bearings are associated (or correlated) with its Common Stock. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock has no effect on the direction of Net Debt i.e., NRB Industrial's Net Debt and Common Stock go up and down completely randomly.

Correlation Coefficient

0.18

Relationship Direction	Positive
Relationship Strength	Insignificant

View All Relationships

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.

Common Stock

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

	2020	2021	2022	2023 (projected)
Gross Profit	292.3M	361.1M	467.4M	339.6M
Total Revenue	555.6M	681.3M	807.3M	719.2M

Gross Profit Total Revenue

NRB Industrial fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Cash	Total Liab	Common Stock	Accounts Payable	Property Plant Equipment	Common Stock Shares Outstanding	Short Long Term Debt Total	Other Liab	Property Plant And Equipment Net	Net Debt	Retained Earnings	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Long Term Debt	Cash And Short Term Investments	Net Receivables	Non Current Liabilities Total	Inventory	Other Current Assets	Total Current Assets	Short Term Debt
Total Assets		0.53	0.87	0.47	0.11	0.93	0.37	0.59	0.93	0.03	0.07	0.11	-0.08	-0.15	-0.1	-0.12	-0.12	-0.16	-0.32	0.0	-0.22	-0.26	-0.11	-0.24	-0.33	0.33
Other Current Liab	0.53		0.49	0.64	-0.18	0.33	0.1	-0.14	0.45	0.2	-0.2	-0.46	0.19	-0.04	0.23	0.17	0.13	0.17	-0.48	-0.31	0.14	-0.34	-0.5	0.0	0.03	0.5
Total Current Liabilities	0.87	0.49		0.24	0.04	0.88	0.7	0.51	0.92	0.07	0.24	0.04	-0.15	-0.11	-0.1	-0.25	-0.38	-0.19	-0.66	-0.07	-0.43	-0.63	0.01	-0.35	-0.54	0.66
Total Stockholder Equity	0.47	0.64	0.24		-0.11	0.12	0.02	-0.28	0.22	-0.39	-0.14	-0.24	0.68	0.01	0.59	0.67	0.38	0.36	-0.29	-0.19	0.64	-0.23	-0.71	-0.2	0.35	0.29
Cash	0.11	-0.18	0.04	-0.11		0.17	-0.09	0.22	0.02	-0.16	-0.17	0.55	-0.3	-0.77	-0.3	-0.34	-0.39	-0.39	0.08	0.98	-0.11	0.1	0.09	-0.43	-0.12	-0.18
Total Liab	0.93	0.33	0.88	0.12	0.17		0.4	0.78	0.95	0.19	0.14	0.22	-0.37	-0.18	-0.35	-0.41	-0.3	-0.33	-0.24	0.07	-0.51	-0.2	0.17	-0.19	-0.52	0.26
Common Stock	0.37	0.1	0.7	0.02	-0.09	0.4		0.19	0.5	-0.02	0.56	-0.19	-0.04	0.18	0.04	-0.16	-0.47	0.08	-0.71	-0.14	-0.27	-0.79	0.09	-0.32	-0.38	0.75
Accounts Payable	0.59	-0.14	0.51	-0.28	0.22	0.78	0.19		0.67	0.27	0.02	0.24	-0.56	-0.07	-0.45	-0.55	-0.31	-0.28	0.21	0.21	-0.53	0.17	0.68	0.15	-0.28	-0.27
Property Plant Equipment	0.93	0.45	0.92	0.22	0.02	0.95	0.5	0.67		0.23	0.14	0.1	-0.19	-0.06	-0.19	-0.25	-0.25	-0.15	-0.37	-0.1	-0.49	-0.35	0.05	-0.25	-0.49	0.4
Common Stock Shares Outstanding	0.03	0.2	0.07	-0.39	-0.16	0.19	-0.02	0.27	0.23		0.24	-0.23	-0.65	0.04	-0.57	-0.59	-0.18	-0.06	0.19	-0.22	-0.52	0.3	0.23	0.3	-0.18	-0.08
Short Long Term Debt Total	0.07	-0.2	0.24	-0.14	-0.17	0.14	0.56	0.02	0.14	0.24		0.02	-0.26	0.24	-0.29	-0.27	-0.1	-0.01	-0.17	-0.19	-0.19	-0.13	-0.01	-0.2	-0.28	0.37
Other Liab	0.11	-0.46	0.04	-0.24	0.55	0.22	-0.19	0.24	0.1	-0.23	0.02		-0.19	-0.64	-0.39	-0.22	-0.21	-0.52	0.1	0.53	-0.42	0.15	0.03	-0.65	-0.55	-0.17
Property Plant And Equipment Net	-0.08	0.19	-0.15	0.68	-0.3	-0.37	-0.04	-0.56	-0.19	-0.65	-0.26	-0.19		0.32	0.91	0.98	0.56	0.58	-0.22	-0.3	0.69	-0.31	-0.56	-0.2	0.45	0.19
Net Debt	-0.15	-0.04	-0.11	0.01	-0.77	-0.18	0.18	-0.07	-0.06	0.04	0.24	-0.64	0.32		0.43	0.37	0.52	0.49	0.14	-0.71	0.28	-0.02	0.16	0.57	0.4	0.01
Retained Earnings	-0.1	0.23	-0.1	0.59	-0.3	-0.35	0.04	-0.45	-0.19	-0.57	-0.29	-0.39	0.91	0.43		0.9	0.53	0.65	-0.25	-0.27	0.73	-0.36	-0.29	0.01	0.61	0.17
Non Current Assets Total	-0.12	0.17	-0.25	0.67	-0.34	-0.41	-0.16	-0.55	-0.25	-0.59	-0.27	-0.22	0.98	0.37	0.9		0.68	0.64	-0.07	-0.33	0.74	-0.16	-0.54	-0.09	0.54	0.07
Non Currrent Assets Other	-0.12	0.13	-0.38	0.38	-0.39	-0.3	-0.47	-0.31	-0.25	-0.18	-0.1	-0.21	0.56	0.52	0.53	0.68		0.57	0.39	-0.38	0.57	0.37	-0.27	0.27	0.55	-0.27
Other Assets	-0.16	0.17	-0.19	0.36	-0.39	-0.33	0.08	-0.28	-0.15	-0.06	-0.01	-0.52	0.58	0.49	0.65	0.64	0.57		0.04	-0.4	0.5	-0.07	-0.15	0.12	0.57	0.02
Long Term Debt	-0.32	-0.48	-0.66	-0.29	0.08	-0.24	-0.71	0.21	-0.37	0.19	-0.17	0.1	-0.22	0.14	-0.25	-0.07	0.39	0.04		0.17	0.14	0.95	0.31	0.53	0.42	-0.93
Cash And Short Term Investments	0.0	-0.31	-0.07	-0.19	0.98	0.07	-0.14	0.21	-0.1	-0.22	-0.19	0.53	-0.3	-0.71	-0.27	-0.33	-0.38	-0.4	0.17		-0.05	0.16	0.18	-0.33	-0.04	-0.28
Net Receivables	-0.22	0.14	-0.43	0.64	-0.11	-0.51	-0.27	-0.53	-0.49	-0.52	-0.19	-0.42	0.69	0.28	0.73	0.74	0.57	0.5	0.14	-0.05		0.11	-0.38	0.24	0.86	-0.17
Non Current Liabilities Total	-0.26	-0.34	-0.63	-0.23	0.1	-0.2	-0.79	0.17	-0.35	0.3	-0.13	0.15	-0.31	-0.02	-0.36	-0.16	0.37	-0.07	0.95	0.16	0.11		0.21	0.48	0.35	-0.9
Inventory	-0.11	-0.5	0.01	-0.71	0.09	0.17	0.09	0.68	0.05	0.23	-0.01	0.03	-0.56	0.16	-0.29	-0.54	-0.27	-0.15	0.31	0.18	-0.38	0.21		0.45	0.0	-0.43
Other Current Assets	-0.24	0.0	-0.35	-0.2	-0.43	-0.19	-0.32	0.15	-0.25	0.3	-0.2	-0.65	-0.2	0.57	0.01	-0.09	0.27	0.12	0.53	-0.33	0.24	0.48	0.45		0.55	-0.51
Total Current Assets	-0.33	0.03	-0.54	0.35	-0.12	-0.52	-0.38	-0.28	-0.49	-0.18	-0.28	-0.55	0.45	0.4	0.61	0.54	0.55	0.57	0.42	-0.04	0.86	0.35	0.0	0.55		-0.47
Short Term Debt	0.33	0.5	0.66	0.29	-0.18	0.26	0.75	-0.27	0.4	-0.08	0.37	-0.17	0.19	0.01	0.17	0.07	-0.27	0.02	-0.93	-0.28	-0.17	-0.9	-0.43	-0.51	-0.47

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NRB Industrial Account Relationship Matchups

NRB Industrial fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.4B	1.2B	1.3B	1.2B	1.2B	1.1B
Other Current Liab	4.9M	3.6M	12.3M	13.7M	8.7M	29.2M
Total Current Liabilities	843.2M	865.7M	798.6M	784.6M	769.3M	773.6M
Total Stockholder Equity	(14.5M)	(36.3M)	10.9M	(91.6M)	(181.3M)	(407.1M)
Cash	7.2M	3.7M	42.0M	58.4M	1.6M	931K
Total Liab	1.4B	1.3B	1.3B	1.3B	1.4B	1.5B
Accounts Payable	193.0M	155.9M	210.2M	168.4M	224.0M	278.2M
Property Plant Equipment	923.3M	915.6M	829.0M	759.1M	674.8M	970.8M
Short Long Term Debt Total	1.1B	1.0B	1.1B	1.1B	1.1B	1.2B
Other Liab	11.8M	12.1M	11.2M	11.4M	4.2M	4.0M
Property Plant And Equipment Net	915.6M	829.0M	759.1M	675.3M	591.3M	717.2M
Net Debt	729.2M	579.4M	633.1M	1.1B	1.1B	762.8M
Retained Earnings	(1.2B)	(1.2B)	(1.3B)	(1.4B)	(1.7B)	(1.6B)
Non Current Assets Total	946.7M	859.4M	788.4M	720.4M	642.7M	766.9M
Non Currrent Assets Other	(1K)	4.7M	25.6M	42.5M	42.2M	39.9M
Other Assets	98.5M	21.7M	23.4M	24.2M	(1K)	38.2M
Long Term Debt	556.2M	393.6M	462.7M	540.4M	587.1M	682.7M
Cash And Short Term Investments	4.2M	42.5M	58.9M	8.8M	931K	884.5K
Net Receivables	139.3M	85.3M	156.3M	181.3M	189.1M	5.5M
Liabilities And Stockholders Equity	1.2B	1.3B	1.2B	1.2B	1.1B	1.1B
Non Current Liabilities Total	408.4M	473.9M	551.8M	599.9M	700.2M	475.6M
Inventory	212.4M	197.9M	218.1M	211.2M	249.6M	258.5M
Other Current Assets	8.8M	3.7M	7.0M	4.9M	216.3M	159.0M
Total Current Assets	367.5M	291.1M	423.9M	456.4M	467.5M	423.9M
Accumulated Other Comprehensive Income	(246.0M)	(333.1M)	1.1B	1.2B	(455.6M)	(432.8M)
Short Term Debt	631.3M	685.1M	554.9M	601.4M	526.3M	463.5M
Intangible Assets	900K	708K	105K	0.0	211K	200.5K
Net Tangible Assets	24.4M	(37.2M)	10.2M	(91.7M)	195.1M	204.9M
Short Long Term Debt	631.3M	685.1M	535.4M	601.4M	532.5M	463.5M
Current Deferred Revenue	21.1M	21.1M	1.1M	4.1M	2.8M	2.6M
Long Term Debt Total	396.3M	462.7M	540.4M	587.1M	675.1M	461.1M
Short Term Investments	1.5M	(20.2M)	500K	7.1M	15.6M	16.4M
Cash And Equivalents	3.7M	42.0M	58.4M	1.6M	1.9M	1.8M
Net Invested Capital	1.0B	1.0B	1.1B	938.3M	739.1M	824.8M
Net Working Capital	(574.6M)	(374.7M)	(328.3M)	(301.7M)	(349.7M)	(367.2M)

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NRB Net Debt vs Common Stock Analysis

Net Debt vs Common Stock

Net Debt vs Common Stock Correlation Analysis

Correlation Coefficient

Net Debt

Common Stock

NRB Industrial fundamental ratios Correlations

NRB Industrial Account Relationship Matchups

High Positive Relationship

High Negative Relationship

NRB Industrial fundamental ratios Accounts

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COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 0.98	Cash
Non Current Assets Total	+ 0.98	Property Plant And Equipment Net
Property Plant Equipment	+ 0.95	Total Liab
Non Current Liabilities Total	+ 0.95	Long Term Debt
Total Liab	+ 0.93	Total Assets
Property Plant Equipment	+ 0.93	Total Assets

Short Term Debt	- 0.93	Long Term Debt
Short Term Debt	- 0.9	Non Current Liabilities Total
Non Current Liabilities Total	- 0.79	Common Stock
Net Debt	- 0.77	Cash
Cash And Short Term Investments	- 0.71	Net Debt
Long Term Debt	- 0.71	Common Stock