| 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 Net Receivables and its Long Term Debt 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 Receivables vs Long Term Debt
Net Receivables vs Long Term Debt Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
NRB Industrial Bearings Net Receivables account and
Long Term Debt. At this time, the significance of the direction appears to have almost no relationship.
The correlation between NRB Industrial's Net Receivables and Long Term Debt is 0.14. Overlapping area represents the amount of variation of Net Receivables that can explain the historical movement of Long Term Debt 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 Receivables and Long Term Debt 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 NRB Industrial Bearings are associated (or correlated) with its Long Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Long Term Debt has no effect on the direction of Net Receivables i.e., NRB Industrial's Net Receivables and Long Term Debt go up and down completely randomly.
Correlation Coefficient | 0.14 |
| Relationship Direction | Positive |
| Relationship Strength | Insignificant |
Net Receivables
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.
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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