| NEWTZ Stock | | | USD 24.66 0.02 0.08% |
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 Operating Income and its Long Term Debt 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 estimate.
Operating Income vs Long Term Debt
Operating Income vs Long Term Debt Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Newtek Business Services Operating Income account and
Long Term Debt. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Newtek Business' Operating Income and Long Term Debt is 0.49. Overlapping area represents the amount of variation of Operating Income that can explain the historical movement of Long Term Debt 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' Operating Income 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 Operating Income of Newtek Business Services 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 Operating Income i.e., Newtek Business' Operating Income and Long Term Debt go up and down completely randomly.
Correlation Coefficient | 0.49 |
| Relationship Direction | Positive |
| Relationship Strength | Weak |
Operating Income
Operating Income is the amount of profit realized from Newtek Business Services operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Newtek Business Services is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.
Long Term Debt
Long-term debt is a debt that Newtek Business Services has held for over one year. Long-term debt appears on Newtek Business Services 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 Newtek Business Services 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 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 estimate.
At this time, Newtek Business'
Selling General Administrative is fairly stable compared to the past year.
Enterprise Value Over EBITDA is likely to rise to 9.87 in 2024, whereas
Sales General And Administrative To Revenue is likely to drop 0.08 in 2024.
Newtek Business fundamental ratios Correlations
Click cells to compare fundamentals
Newtek Business Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Newtek Business fundamental ratios Accounts
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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.