Neo Net Invested Capital vs Net Debt Analysis

NBM Stock

CAD 0.88 0.03 3.53%

Neo Battery financial indicator trend analysis is infinitely more than just investigating Neo Battery Materials recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Neo Battery Materials is a good investment. Please check the relationship between Neo Battery Net Invested Capital and its Net Debt accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Neo Battery Materials. 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 Invested Capital vs Net Debt

Net Invested Capital vs Net Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Neo Battery Materials Net Invested Capital account and Net Debt. At this time, the significance of the direction appears to have almost no relationship.

The correlation between Neo Battery's Net Invested Capital and Net Debt is 0.13. Overlapping area represents the amount of variation of Net Invested Capital that can explain the historical movement of Net Debt in the same time period over historical financial statements of Neo Battery Materials, assuming nothing else is changed. The correlation between historical values of Neo Battery's Net Invested Capital and Net 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 Invested Capital of Neo Battery Materials are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Net Invested Capital i.e., Neo Battery's Net Invested Capital and Net Debt go up and down completely randomly.

Correlation Coefficient

0.13

Relationship Direction	Positive
Relationship Strength	Insignificant

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Net Invested Capital

The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.

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.

Most indicators from Neo Battery's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Neo Battery Materials 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 Neo Battery Materials. 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.

At this time, Neo Battery's Issuance Of Capital Stock is fairly stable compared to the past year. Enterprise Value is likely to climb to about 7.7 M in 2024, whereas Selling General Administrative is likely to drop slightly above 1.6 M in 2024.

Neo Battery fundamental ratios Correlations

	Other Current Liab	Total Current Liabilities	Net Tangible Assets	Retained Earnings	Accounts Payable	Other Assets	Net Receivables	Other Stockholder Equity	Total Current Assets	Common Stock	Property Plant Equipment	Total Assets	Total Stockholder Equity	Cash	Non Current Assets Total	Non Currrent Assets Other	Common Stock Shares Outstanding	Total Liab	Net Invested Capital	Net Working Capital	Short Long Term Debt	Capital Stock	Property Plant And Equipment Net	Capital Lease Obligations	Property Plant And Equipment Gross	Net Debt
Other Current Liab		0.09	0.34	0.73	0.14	0.33	0.31	-0.39	-0.27	-0.53	0.39	0.04	0.08	-0.28	0.16	1.0	-0.49	-0.06	0.13	-0.23	-0.3	-0.66	-0.84	-0.54	-0.86	1.0
Total Current Liabilities	0.09		-0.6	-0.15	-0.22	-0.44	-0.39	0.31	-0.08	0.06	-0.36	-0.65	-0.78	-0.05	-0.52	0.09	0.08	0.98	-0.62	-0.67	0.39	-0.13	-0.21	-0.06	-0.2	0.09
Net Tangible Assets	0.34	-0.6		0.78	0.67	0.87	0.86	-0.74	-0.58	-0.6	0.94	0.73	0.88	-0.61	0.87	0.34	-0.74	-0.7	0.89	-0.05	-0.77	-0.53	-0.46	-0.39	-0.45	0.34
Retained Earnings	0.73	-0.15	0.78		0.61	0.71	0.77	-0.86	-0.79	-0.9	0.88	0.37	0.48	-0.8	0.66	0.73	-0.94	-0.31	0.54	-0.48	-0.84	-0.91	-0.84	-0.54	-0.84	0.73
Accounts Payable	0.14	-0.22	0.67	0.61		0.53	0.65	-0.7	-0.74	-0.55	0.76	0.54	0.62	-0.78	0.78	0.14	-0.63	-0.29	0.66	-0.41	-0.66	-0.41	-0.28	0.04	-0.25	0.14
Other Assets	0.33	-0.44	0.87	0.71	0.53		0.96	-0.66	-0.53	-0.52	0.81	0.55	0.7	-0.56	0.7	0.33	-0.68	-0.54	0.72	-0.12	-0.67	-0.53	-0.49	-0.49	-0.48	0.33
Net Receivables	0.31	-0.39	0.86	0.77	0.65	0.96		-0.82	-0.64	-0.67	0.88	0.63	0.72	-0.66	0.81	0.31	-0.76	-0.48	0.76	-0.23	-0.75	-0.58	-0.45	-0.31	-0.45	0.31
Other Stockholder Equity	-0.39	0.31	-0.74	-0.86	-0.7	-0.66	-0.82		0.76	0.93	-0.88	-0.59	-0.63	0.76	-0.83	-0.39	0.87	0.39	-0.67	0.37	0.88	0.73	0.48	0.11	0.48	-0.39
Total Current Assets	-0.27	-0.08	-0.58	-0.79	-0.74	-0.53	-0.64	0.76		0.81	-0.75	-0.12	-0.26	1.0	-0.53	-0.27	0.92	0.04	-0.33	0.79	0.86	0.84	0.64	0.41	0.62	-0.27
Common Stock	-0.53	0.06	-0.6	-0.9	-0.55	-0.52	-0.67	0.93	0.81		-0.79	-0.33	-0.36	0.8	-0.63	-0.53	0.93	0.17	-0.43	0.56	0.85	0.89	0.67	0.29	0.67	-0.53
Property Plant Equipment	0.39	-0.36	0.94	0.88	0.76	0.81	0.88	-0.88	-0.75	-0.79		0.69	0.78	-0.77	0.91	0.39	-0.87	-0.47	0.84	-0.33	-0.84	-0.69	-0.54	-0.33	-0.54	0.39
Total Assets	0.04	-0.65	0.73	0.37	0.54	0.55	0.63	-0.59	-0.12	-0.33	0.69		0.95	-0.15	0.91	0.04	-0.29	-0.64	0.96	0.31	-0.37	-0.01	0.12	0.28	0.11	0.04
Total Stockholder Equity	0.08	-0.78	0.88	0.48	0.62	0.7	0.72	-0.63	-0.26	-0.36	0.78	0.95		-0.3	0.92	0.08	-0.41	-0.8	0.97	0.29	-0.54	-0.13	-0.02	0.06	-0.02	0.08
Cash	-0.28	-0.05	-0.61	-0.8	-0.78	-0.56	-0.66	0.76	1.0	0.8	-0.77	-0.15	-0.3		-0.56	-0.28	0.92	0.07	-0.37	0.77	0.86	0.83	0.65	0.41	0.62	-0.28
Non Current Assets Total	0.16	-0.52	0.87	0.66	0.78	0.7	0.81	-0.83	-0.53	-0.63	0.91	0.91	0.92	-0.56		0.16	-0.64	-0.56	0.96	-0.07	-0.68	-0.37	-0.18	0.06	-0.18	0.16
Non Currrent Assets Other	1.0	0.09	0.34	0.73	0.14	0.33	0.31	-0.39	-0.27	-0.53	0.39	0.04	0.08	-0.28	0.16		-0.49	-0.06	0.13	-0.23	-0.3	-0.66	-0.84	-0.54	-0.86	1.0
Common Stock Shares Outstanding	-0.49	0.08	-0.74	-0.94	-0.63	-0.68	-0.76	0.87	0.92	0.93	-0.87	-0.29	-0.41	0.92	-0.64	-0.49		0.22	-0.48	0.63	0.92	0.94	0.76	0.53	0.75	-0.49
Total Liab	-0.06	0.98	-0.7	-0.31	-0.29	-0.54	-0.48	0.39	0.04	0.17	-0.47	-0.64	-0.8	0.07	-0.56	-0.06	0.22		-0.65	-0.58	0.5	0.03	-0.03	0.09	-0.01	-0.06
Net Invested Capital	0.13	-0.62	0.89	0.54	0.66	0.72	0.76	-0.67	-0.33	-0.43	0.84	0.96	0.97	-0.37	0.96	0.13	-0.48	-0.65		0.14	-0.53	-0.2	-0.09	0.03	-0.09	0.13
Net Working Capital	-0.23	-0.67	-0.05	-0.48	-0.41	-0.12	-0.23	0.37	0.79	0.56	-0.33	0.31	0.29	0.77	-0.07	-0.23	0.63	-0.58	0.14		0.4	0.69	0.59	0.34	0.56	-0.23
Short Long Term Debt	-0.3	0.39	-0.77	-0.84	-0.66	-0.67	-0.75	0.88	0.86	0.85	-0.84	-0.37	-0.54	0.86	-0.68	-0.3	0.92	0.5	-0.53	0.4		0.79	0.56	0.4	0.55	-0.3
Capital Stock	-0.66	-0.13	-0.53	-0.91	-0.41	-0.53	-0.58	0.73	0.84	0.89	-0.69	-0.01	-0.13	0.83	-0.37	-0.66	0.94	0.03	-0.2	0.69	0.79		0.9	0.66	0.9	-0.66
Property Plant And Equipment Net	-0.84	-0.21	-0.46	-0.84	-0.28	-0.49	-0.45	0.48	0.64	0.67	-0.54	0.12	-0.02	0.65	-0.18	-0.84	0.76	-0.03	-0.09	0.59	0.56	0.9		0.81	1.0	-0.84
Capital Lease Obligations	-0.54	-0.06	-0.39	-0.54	0.04	-0.49	-0.31	0.11	0.41	0.29	-0.33	0.28	0.06	0.41	0.06	-0.54	0.53	0.09	0.03	0.34	0.4	0.66	0.81		0.81	-0.54
Property Plant And Equipment Gross	-0.86	-0.2	-0.45	-0.84	-0.25	-0.48	-0.45	0.48	0.62	0.67	-0.54	0.11	-0.02	0.62	-0.18	-0.86	0.75	-0.01	-0.09	0.56	0.55	0.9	1.0	0.81		-0.86
Net Debt	1.0	0.09	0.34	0.73	0.14	0.33	0.31	-0.39	-0.27	-0.53	0.39	0.04	0.08	-0.28	0.16	1.0	-0.49	-0.06	0.13	-0.23	-0.3	-0.66	-0.84	-0.54	-0.86

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Neo Net Invested Capital vs Net Debt Analysis

Net Invested Capital vs Net Debt

Net Invested Capital vs Net Debt Correlation Analysis

Correlation Coefficient

Net Invested Capital

Net Debt

Neo Battery fundamental ratios Correlations

Neo Battery Account Relationship Matchups

High Positive Relationship

High Negative Relationship

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Additional Tools for Neo Stock Analysis

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Non Currrent Assets Other	+ 1.0	Other Current Liab
Net Debt	+ 1.0	Other Current Liab
Cash	+ 1.0	Total Current Assets
Net Debt	+ 1.0	Non Currrent Assets Other
Property Plant And Equipment Gross	+ 1.0	Property Plant And Equipment Net
Total Liab	+ 0.98	Total Current Liabilities

Common Stock Shares Outstanding	- 0.94	Retained Earnings
Capital Stock	- 0.91	Retained Earnings
Common Stock	- 0.9	Retained Earnings
Property Plant Equipment	- 0.88	Other Stockholder Equity
Common Stock Shares Outstanding	- 0.87	Property Plant Equipment
Net Debt	- 0.86	Property Plant And Equipment Gross