NBIFIN Total Current Liabilities vs Other Current Liab Analysis

NBIFIN Stock   3,463  26.95  0.78%   
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 Total Current Liabilities and its Other Current Liab 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.

Total Current Liabilities vs Other Current Liab

Total Current Liabilities vs Other Current Liab Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of N B I Total Current Liabilities account and Other Current Liab. At this time, the significance of the direction appears to have almost identical trend.
The correlation between N B's Total Current Liabilities and Other Current Liab is 0.98. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Other Current Liab 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 Total Current Liabilities and Other Current Liab is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Current Liabilities of N B I are associated (or correlated) with its Other Current Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Liab has no effect on the direction of Total Current Liabilities i.e., N B's Total Current Liabilities and Other Current Liab go up and down completely randomly.

Correlation Coefficient

0.98
Relationship DirectionPositive 
Relationship StrengthVery Strong

Total Current Liabilities

Total Current Liabilities is an item on N B balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of N B I are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.

Other Current Liab

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 10, 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.