Newtek Common Stock vs Total Liab Analysis

NEWT Stock

USD 13.30 0.10 0.76%

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

Common Stock vs Total Liab

Common Stock vs Total Liab Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Newtek Business Services Common Stock account and Total Liab. At this time, the significance of the direction appears to have weak contrarian relationship.

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

Correlation Coefficient

-0.13

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Common Stock

Total Liab

The total amount of all liabilities that a company has, including both short-term and long-term liabilities.

Most indicators from Newtek Business' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Newtek Business Services 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 Newtek Business Services. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in housing.

At this time, Newtek Business' Selling General Administrative is comparatively stable compared to the past year. Tax Provision is likely to gain to about 7.3 M in 2024, whereas Sales General And Administrative To Revenue is likely to drop 0.08 in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	118.0M	85.0M	208.8M	219.3M
Total Revenue	147.8M	105.2M	253.1M	265.8M

Gross Profit Total Revenue

Newtek Business fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Other Current Liab	Total Current Liabilities	Retained Earnings	Accounts Payable	Long Term Debt	Common Stock Total Equity	Other Current Assets	Short Term Debt	Common Stock	Property Plant Equipment
Total Assets		0.98	0.63	0.16	0.99	0.7	0.32	-0.32	0.27	0.72	0.95	0.92	0.6	0.98	0.67	0.75	0.21	0.38	0.69	0.34	0.97	-0.28	0.76	0.04	-0.21	0.46
Short Long Term Debt Total	0.98		0.68	0.18	1.0	0.63	0.36	-0.39	0.34	0.65	0.96	0.87	0.67	0.94	0.67	0.66	0.16	0.44	0.75	0.45	0.99	-0.25	0.66	0.01	-0.18	0.48
Total Stockholder Equity	0.63	0.68		-0.18	0.67	-0.06	0.7	-0.65	0.48	-0.03	0.81	0.33	0.99	0.45	0.69	-0.02	0.24	0.4	0.79	0.62	0.71	-0.46	0.01	0.13	-0.39	0.76
Property Plant And Equipment Net	0.16	0.18	-0.18		0.18	0.35	-0.29	-0.28	0.23	0.34	-0.01	0.19	-0.06	0.24	-0.44	0.23	-0.39	0.18	-0.08	-0.4	0.21	0.4	0.23	-0.4	0.44	-0.52
Net Debt	0.99	1.0	0.67	0.18		0.64	0.38	-0.37	0.3	0.65	0.96	0.89	0.66	0.95	0.68	0.68	0.17	0.4	0.75	0.43	0.99	-0.25	0.68	0.02	-0.19	0.49
Cash	0.7	0.63	-0.06	0.35	0.64		-0.38	0.12	0.11	1.0	0.48	0.81	-0.08	0.82	0.19	0.94	0.13	0.34	0.11	-0.12	0.58	-0.04	0.93	0.0	0.0	-0.1
Non Current Assets Total	0.32	0.36	0.7	-0.29	0.38	-0.38		-0.27	-0.2	-0.37	0.48	0.22	0.67	0.17	0.53	-0.15	0.14	-0.34	0.68	0.45	0.4	-0.36	-0.12	0.04	-0.36	0.62
Non Currrent Assets Other	-0.32	-0.39	-0.65	-0.28	-0.37	0.12	-0.27		-0.75	0.1	-0.45	0.0	-0.73	-0.2	-0.16	0.24	0.1	-0.55	-0.4	-0.2	-0.49	0.02	0.17	0.16	-0.05	-0.23
Other Assets	0.27	0.34	0.48	0.23	0.3	0.11	-0.2	-0.75		0.14	0.38	-0.07	0.54	0.18	0.1	-0.15	-0.02	0.94	0.21	0.23	0.37	-0.02	-0.14	0.02	0.06	0.11
Cash And Short Term Investments	0.72	0.65	-0.03	0.34	0.65	1.0	-0.37	0.1	0.14		0.51	0.81	-0.05	0.83	0.22	0.94	0.13	0.37	0.13	-0.09	0.6	-0.04	0.92	0.01	0.0	-0.07
Common Stock Shares Outstanding	0.95	0.96	0.81	-0.01	0.96	0.48	0.48	-0.45	0.38	0.51		0.78	0.79	0.86	0.76	0.53	0.3	0.45	0.77	0.53	0.96	-0.36	0.54	0.13	-0.29	0.62
Non Current Liabilities Total	0.92	0.87	0.33	0.19	0.89	0.81	0.22	0.0	-0.07	0.81	0.78		0.29	0.97	0.55	0.92	0.17	0.1	0.54	0.18	0.84	-0.19	0.92	0.0	-0.15	0.3
Other Stockholder Equity	0.6	0.67	0.99	-0.06	0.66	-0.08	0.67	-0.73	0.54	-0.05	0.79	0.29		0.43	0.62	-0.06	0.17	0.45	0.75	0.58	0.71	-0.41	-0.03	0.05	-0.34	0.69
Total Liab	0.98	0.94	0.45	0.24	0.95	0.82	0.17	-0.2	0.18	0.83	0.86	0.97	0.43		0.57	0.86	0.17	0.33	0.59	0.23	0.92	-0.19	0.87	0.0	-0.13	0.33
Property Plant And Equipment Gross	0.67	0.67	0.69	-0.44	0.68	0.19	0.53	-0.16	0.1	0.22	0.76	0.55	0.62	0.57		0.34	0.3	0.2	0.68	0.7	0.65	-0.28	0.33	0.29	-0.26	0.93
Total Current Assets	0.75	0.66	-0.02	0.23	0.68	0.94	-0.15	0.24	-0.15	0.94	0.53	0.92	-0.06	0.86	0.34		0.15	0.09	0.22	-0.03	0.61	-0.07	0.99	0.01	-0.04	0.05
Other Current Liab	0.21	0.16	0.24	-0.39	0.17	0.13	0.14	0.1	-0.02	0.13	0.3	0.17	0.17	0.17	0.3	0.15		0.07	0.05	0.09	0.15	-0.31	0.15	0.67	-0.31	0.26
Total Current Liabilities	0.38	0.44	0.4	0.18	0.4	0.34	-0.34	-0.55	0.94	0.37	0.45	0.1	0.45	0.33	0.2	0.09	0.07		0.19	0.32	0.43	-0.04	0.06	0.09	0.04	0.15
Retained Earnings	0.69	0.75	0.79	-0.08	0.75	0.11	0.68	-0.4	0.21	0.13	0.77	0.54	0.75	0.59	0.68	0.22	0.05	0.19		0.65	0.75	-0.09	0.23	0.12	-0.03	0.7
Accounts Payable	0.34	0.45	0.62	-0.4	0.43	-0.12	0.45	-0.2	0.23	-0.09	0.53	0.18	0.58	0.23	0.7	-0.03	0.09	0.32	0.65		0.42	-0.02	-0.09	0.26	-0.01	0.74
Long Term Debt	0.97	0.99	0.71	0.21	0.99	0.58	0.4	-0.49	0.37	0.6	0.96	0.84	0.71	0.92	0.65	0.61	0.15	0.43	0.75	0.42		-0.23	0.62	-0.01	-0.16	0.49
Common Stock Total Equity	-0.28	-0.25	-0.46	0.4	-0.25	-0.04	-0.36	0.02	-0.02	-0.04	-0.36	-0.19	-0.41	-0.19	-0.28	-0.07	-0.31	-0.04	-0.09	-0.02	-0.23		-0.08	0.01	0.99	-0.28
Other Current Assets	0.76	0.66	0.01	0.23	0.68	0.93	-0.12	0.17	-0.14	0.92	0.54	0.92	-0.03	0.87	0.33	0.99	0.15	0.06	0.23	-0.09	0.62	-0.08		-0.01	-0.04	0.05
Short Term Debt	0.04	0.01	0.13	-0.4	0.02	0.0	0.04	0.16	0.02	0.01	0.13	0.0	0.05	0.0	0.29	0.01	0.67	0.09	0.12	0.26	-0.01	0.01	-0.01		0.01	0.28
Common Stock	-0.21	-0.18	-0.39	0.44	-0.19	0.0	-0.36	-0.05	0.06	0.0	-0.29	-0.15	-0.34	-0.13	-0.26	-0.04	-0.31	0.04	-0.03	-0.01	-0.16	0.99	-0.04	0.01		-0.25
Property Plant Equipment	0.46	0.48	0.76	-0.52	0.49	-0.1	0.62	-0.23	0.11	-0.07	0.62	0.3	0.69	0.33	0.93	0.05	0.26	0.15	0.7	0.74	0.49	-0.28	0.05	0.28	-0.25

Click cells to compare fundamentals

Newtek Business Account Relationship Matchups

Newtek Business fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	797.4M	841.0M	1.1B	998.9M	1.4B	1.5B
Short Long Term Debt Total	463.6M	460.5M	481.1M	547.3M	644.1M	676.3M
Total Stockholder Equity	322.2M	339.4M	403.9M	375.4M	249.0M	158.4M
Property Plant And Equipment Net	8.0M	6.9M	7.3M	6.5M	5.7M	6.0M
Net Debt	440.1M	458.4M	478.7M	493.6M	644.1M	676.3M
Cash	1.8M	2.1M	2.4M	53.7M	120.9M	127.0M
Non Current Assets Total	710.1M	678.1M	766.1M	6.5M	212.8M	234.9M
Non Currrent Assets Other	43.0M	(678.1M)	(766.1M)	(808.0M)	63.5M	66.7M
Other Assets	16.1M	101.9M	239.1M	919.6M	7.4M	7.0M
Cash And Short Term Investments	1.8M	2.1M	2.4M	72.9M	153.1M	160.7M
Common Stock Shares Outstanding	19.3M	21.1M	22.8M	24.2M	24.3M	25.6M
Liabilities And Stockholders Equity	797.4M	841.0M	1.1B	998.9M	1.4B	1.5B
Non Current Liabilities Total	454.2M	460.5M	481.1M	236.1M	1.1B	1.2B
Other Stockholder Equity	290.0M	316.6M	367.7M	354.2M	200.9M	140.3M
Total Liab	475.2M	501.6M	652.7M	623.5M	1.2B	1.2B
Total Current Assets	87.4M	60.9M	51.3M	72.9M	1.2B	1.3B
Other Current Liab	131K	(20.5M)	(10.9M)	19.3M	38.5M	40.4M
Total Current Liabilities	21.0M	27.6M	10.9M	387.5M	76.6M	54.5M
Retained Earnings	31.9M	21.9M	35.7M	20.6M	28.1M	15.2M
Accounts Payable	20.8M	20.5M	10.9M	20.2M	15.5M	12.3M
Long Term Debt	218.2M	334.0M	435.0M	582.9M	670.3M	703.8M
Common Stock Total Equity	369K	379K	411K	439K	395.1K	438.3K
Other Current Assets	(87.4M)	58.2M	191.2M	(1.3M)	1.1B	1.1B
Short Term Debt	31.6M	1.6M	1.9M	55.9M	38.1M	40.5M
Common Stock	411K	439K	483K	492K	442.8K	432.4K
Other Liab	24.2M	29.8M	159.0M	54.9M	49.4M	39.7M
Intangible Assets	24.4M	26.1M	28.0M	30.3M	44.0M	46.2M
Net Receivables	54.1M	58.8M	48.9M	1.3M	200K	190K
Current Deferred Revenue	(31.6M)	26.1M	9.1M	(67.1M)	(40.9M)	(42.9M)
Net Tangible Assets	297.8M	313.3M	375.9M	345.1M	396.9M	293.1M
Long Term Investments	659.0M	671.2M	758.8M	808.0M	929.2M	579.0M
Short Long Term Debt	216.3M	34.7M	30M	61.3M	55.1M	57.3M

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.

Explore Investing Ideas

Additional Tools for Newtek Stock Analysis

When running Newtek Business' price analysis, check to measure Newtek Business' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Newtek Business is operating at the current time. Most of Newtek Business' value examination focuses on studying past and present price action to predict the probability of Newtek Business' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Newtek Business' price. Additionally, you may evaluate how the addition of Newtek Business to your portfolios can decrease your overall portfolio volatility.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC