NBIFIN Common Stock vs Total Current Assets Analysis

NBIFIN Stock   3,478  42.15  1.23%   
N B financial indicator trend analysis is infinitely more than just investigating N B I recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether N B I is a good investment. Please check the relationship between N B Common Stock and its Total Current Assets accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in N B I. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

Common Stock vs Total Current Assets

Common Stock vs Total Current Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of N B I Common Stock account and Total Current Assets. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between N B's Common Stock and Total Current Assets is -0.15. Overlapping area represents the amount of variation of Common Stock that can explain the historical movement of Total Current Assets in the same time period over historical financial statements of N B I, assuming nothing else is changed. The correlation between historical values of N B's Common Stock and Total Current Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Common Stock of N B I are associated (or correlated) with its Total Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Assets has no effect on the direction of Common Stock i.e., N B's Common Stock and Total Current Assets go up and down completely randomly.

Correlation Coefficient

-0.15
Relationship DirectionNegative 
Relationship StrengthInsignificant

Common Stock

Total Current Assets

The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.
Most indicators from N B's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into N B I 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 N B I. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.
As of December 9, 2024, Selling General Administrative is expected to decline to about 1.5 M. In addition to that, Tax Provision is expected to decline to about 23.9 M
 2021 2022 2023 2024 (projected)
Gross Profit109.7M85.3M113.1M107.0M
Total Revenue117.3M101.0M128.1M111.2M

N B fundamental ratios Correlations

0.510.481.00.930.790.390.37-0.26-0.230.630.930.770.130.440.52-0.35-0.230.44-0.5-0.28-0.44-0.420.77-0.450.44
0.510.980.510.440.47-0.030.22-0.12-0.150.540.420.380.01-0.150.11-0.12-0.03-0.15-0.060.07-0.310.120.650.14-0.15
0.480.980.480.410.41-0.060.16-0.12-0.160.580.410.35-0.01-0.210.13-0.11-0.01-0.21-0.110.02-0.280.140.670.2-0.21
1.00.510.480.930.790.390.37-0.26-0.230.640.920.780.130.440.52-0.36-0.230.44-0.5-0.28-0.44-0.410.77-0.450.44
0.930.440.410.930.760.380.47-0.31-0.260.620.860.860.160.40.52-0.34-0.260.4-0.51-0.32-0.32-0.420.72-0.410.4
0.790.470.410.790.760.240.33-0.25-0.060.310.70.80.230.390.32-0.33-0.290.39-0.310.04-0.18-0.110.57-0.390.39
0.39-0.03-0.060.390.380.240.770.02-0.07-0.10.520.230.130.82-0.150.01-0.10.820.15-0.080.36-0.94-0.16-0.810.82
0.370.220.160.370.470.330.77-0.03-0.12-0.010.290.410.190.78-0.23-0.01-0.140.780.23-0.060.39-0.68-0.16-0.780.78
-0.26-0.12-0.12-0.26-0.31-0.250.02-0.03-0.03-0.25-0.24-0.41-0.930.08-0.210.960.960.080.170.01-0.1-0.01-0.34-0.070.08
-0.23-0.15-0.16-0.23-0.26-0.06-0.07-0.12-0.03-0.15-0.210.20.1-0.11-0.120.05-0.08-0.110.11-0.020.370.08-0.170.15-0.11
0.630.540.580.640.620.31-0.1-0.01-0.25-0.150.560.53-0.01-0.190.8-0.3-0.14-0.19-0.79-0.19-0.550.050.820.18-0.19
0.930.420.410.920.860.70.520.29-0.24-0.210.560.660.10.380.5-0.29-0.190.38-0.49-0.23-0.36-0.530.73-0.380.38
0.770.380.350.780.860.80.230.41-0.410.20.530.660.310.30.47-0.4-0.390.3-0.45-0.24-0.1-0.220.62-0.290.3
0.130.01-0.010.130.160.230.130.19-0.930.1-0.010.10.310.13-0.03-0.92-0.980.130.070.10.29-0.070.05-0.130.13
0.44-0.15-0.210.440.40.390.820.780.08-0.11-0.190.380.30.13-0.15-0.02-0.11.00.14-0.110.25-0.77-0.24-1.01.0
0.520.110.130.520.520.32-0.15-0.23-0.21-0.120.80.50.47-0.03-0.15-0.29-0.14-0.14-0.85-0.14-0.520.10.660.14-0.14
-0.35-0.12-0.11-0.36-0.34-0.330.01-0.010.960.05-0.3-0.29-0.4-0.92-0.02-0.290.96-0.010.25-0.010.05-0.02-0.370.02-0.02
-0.23-0.03-0.01-0.23-0.26-0.29-0.1-0.140.96-0.08-0.14-0.19-0.39-0.98-0.1-0.140.96-0.10.11-0.07-0.20.05-0.170.1-0.1
0.44-0.15-0.210.440.40.390.820.780.08-0.11-0.190.380.30.131.0-0.14-0.01-0.10.14-0.110.25-0.77-0.24-1.01.0
-0.5-0.06-0.11-0.5-0.51-0.310.150.230.170.11-0.79-0.49-0.450.070.14-0.850.250.110.140.140.51-0.1-0.65-0.130.14
-0.280.070.02-0.28-0.320.04-0.08-0.060.01-0.02-0.19-0.23-0.240.1-0.11-0.14-0.01-0.07-0.110.140.190.3-0.220.12-0.11
-0.44-0.31-0.28-0.44-0.32-0.180.360.39-0.10.37-0.55-0.36-0.10.290.25-0.520.05-0.20.250.510.19-0.23-0.65-0.230.25
-0.420.120.14-0.41-0.42-0.11-0.94-0.68-0.010.080.05-0.53-0.22-0.07-0.770.1-0.020.05-0.77-0.10.3-0.230.10.77-0.78
0.770.650.670.770.720.57-0.16-0.16-0.34-0.170.820.730.620.05-0.240.66-0.37-0.17-0.24-0.65-0.22-0.650.10.23-0.24
-0.450.140.2-0.45-0.41-0.39-0.81-0.78-0.070.150.18-0.38-0.29-0.13-1.00.140.020.1-1.0-0.130.12-0.230.770.23-1.0
0.44-0.15-0.210.440.40.390.820.780.08-0.11-0.190.380.30.131.0-0.14-0.02-0.11.00.14-0.110.25-0.78-0.24-1.0
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N B Account Relationship Matchups

N B fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets16.2B26.6B22.0B24.6B24.3B25.5B
Other Current Liab815K703K6.3M3.1M2.1M1.4M
Total Current Liabilities747.2K703K6.4M3.1M2.3M2.0M
Total Stockholder Equity16.2B25.4B21.4B23.6B23.4B24.6B
Net Tangible Assets17.1B16.2B25.4B21.4B24.6B25.8B
Retained Earnings1.0B1.0B627.8M1.4B922.8M968.9M
Cash4.9M368.9M61.0M304K430K408.5K
Other Assets3.7M6.1M4.1M163K826K784.7K
Net Receivables3.3M3.8M219K17K826K784.7K
Other Current Assets5.9M11.8M6.1M5.4M5.5M5.2M
Total Liab5.9M1.2B635.1M1.0B883.4M927.5M
Total Current Assets16.1B26.6B71.3M10.2M6.0M5.7M
Property Plant Equipment55K92K47K30K27K25.7K
Short Term Investments16.0B26.2B4.3M5.5M11K10.5K
Short Long Term Debt Total2.8M8.9M4.3M4.4M4.4M4.2M
Property Plant And Equipment Net55.2K92K47K30K24K22.8K
Net Debt(2.1M)(359.9M)(56.7M)4.1M(430K)(451.5K)
Non Current Assets Total121.7M69.6M21.9B24.6B24.3B25.5B
Non Currrent Assets Other(16.0B)(26.1B)4.4M4.5M(977K)(1.0M)
Cash And Short Term Investments16.0B26.6B65.3M5.8M441K419.0K
Liabilities And Stockholders Equity16.2B26.6B22.0B24.6B24.3B25.5B
Non Current Liabilities Total5.1M1.2B628.7M1.0B881.1M925.1M
Accumulated Other Comprehensive Income(75.5K)24.4B20.7B22.9B23.4B24.6B
Inventory(120.4M)(69.2M)(4.3M)(3.6M)(3.2M)(3.4M)
Other Liab4.0M1.2B632.9M1.0B1.2B1.2B
Good Will1.3M8.0M4.8M2.7M3.0M3.1M
Cash And Equivalents0.0365.8M61.0M304K349.6K332.1K
Net Invested Capital16.2B25.4B21.4B23.6B23.4B17.6B
Net Working Capital16.1B26.6B65.1M10.2M3.7M3.5M

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Other Information on Investing in NBIFIN Stock

Balance Sheet is a snapshot of the financial position of N B I at a specified time, usually calculated after every quarter, six months, or one year. N B Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of N B and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which NBIFIN currently owns. An asset can also be divided into two categories, current and non-current.