Nancal Other Liab vs Net Working Capital Analysis

603859 Stock

30.24 0.49 1.65%

Nancal Energy financial indicator trend analysis is infinitely more than just investigating Nancal Energy Saving recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Nancal Energy Saving is a good investment. Please check the relationship between Nancal Energy Other Liab and its Net Working Capital accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Nancal Energy Saving Tech. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Other Liab vs Net Working Capital

Other Liab vs Net Working Capital Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Nancal Energy Saving Other Liab account and Net Working Capital. At this time, the significance of the direction appears to have strong relationship.

The correlation between Nancal Energy's Other Liab and Net Working Capital is 0.63. Overlapping area represents the amount of variation of Other Liab that can explain the historical movement of Net Working Capital in the same time period over historical financial statements of Nancal Energy Saving Tech, assuming nothing else is changed. The correlation between historical values of Nancal Energy's Other Liab and Net Working Capital is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Liab of Nancal Energy Saving Tech are associated (or correlated) with its Net Working Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Working Capital has no effect on the direction of Other Liab i.e., Nancal Energy's Other Liab and Net Working Capital go up and down completely randomly.

Correlation Coefficient

0.63

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Other Liab

Net Working Capital

Most indicators from Nancal Energy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Nancal Energy Saving 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Nancal Energy Saving Tech. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

The current year's Selling General Administrative is expected to grow to about 72.5 M, whereas Tax Provision is forecasted to decline to about 14 M.

	2021	2022	2023	2024 (projected)
Operating Income	200.8M	267.2M	390.0M	409.5M
Total Revenue	1.1B	1.2B	1.4B	1.5B

Operating Income Total Revenue

Nancal Energy fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Retained Earnings	Accounts Payable	Cash	Other Assets	Net Receivables	Inventory	Other Current Assets	Total Liab	Intangible Assets	Common Stock	Property Plant Equipment	Net Tangible Assets	Deferred Long Term Liab	Non Current Assets Total	Non Currrent Assets Other	Non Current Liabilities Total	Total Current Assets	Common Stock Shares Outstanding	Net Invested Capital	Net Working Capital	Short Long Term Debt
Total Assets		0.17	0.97	1.0	0.85	0.99	0.97	0.68	0.96	0.98	0.72	0.67	0.97	0.98	0.87	0.79	0.9	0.95	0.99	0.17	0.86	0.92	0.89	0.94	0.89	0.81
Other Current Liab	0.17		0.14	0.19	-0.06	0.07	0.04	0.58	0.08	0.04	0.63	0.67	0.11	0.01	0.33	0.56	0.3	0.04	0.1	0.58	-0.28	0.32	0.05	0.29	0.31	0.34
Total Current Liabilities	0.97	0.14		0.94	0.83	0.96	0.99	0.54	0.97	0.95	0.7	0.55	1.0	0.97	0.79	0.75	0.82	0.96	0.98	0.17	0.9	0.85	0.89	0.87	0.78	0.85
Total Stockholder Equity	1.0	0.19	0.94		0.84	0.99	0.95	0.72	0.95	0.97	0.72	0.71	0.94	0.96	0.88	0.79	0.92	0.93	0.98	0.17	0.83	0.94	0.88	0.95	0.92	0.79
Other Liab	0.85	-0.06	0.83	0.84		0.88	0.85	0.43	0.88	0.91	0.61	0.58	0.84	0.84	0.77	0.69	0.74	0.89	0.85	0.22	0.8	0.69	0.74	0.73	0.63	0.71
Retained Earnings	0.99	0.07	0.96	0.99	0.88		0.97	0.61	0.97	0.99	0.65	0.63	0.96	0.98	0.84	0.76	0.88	0.96	0.99	0.16	0.89	0.89	0.89	0.92	0.86	0.8
Accounts Payable	0.97	0.04	0.99	0.95	0.85	0.97		0.52	0.97	0.97	0.65	0.52	0.99	0.99	0.78	0.7	0.82	0.97	0.99	0.1	0.93	0.85	0.9	0.87	0.79	0.81
Cash	0.68	0.58	0.54	0.72	0.43	0.61	0.52		0.5	0.59	0.79	0.85	0.53	0.54	0.79	0.71	0.79	0.46	0.58	0.15	0.29	0.8	0.55	0.77	0.86	0.44
Other Assets	0.96	0.08	0.97	0.95	0.88	0.97	0.97	0.5		0.97	0.63	0.56	0.97	0.98	0.8	0.76	0.84	0.99	0.98	0.26	0.88	0.85	0.86	0.89	0.78	0.87
Net Receivables	0.98	0.04	0.95	0.97	0.91	0.99	0.97	0.59	0.97		0.66	0.62	0.96	0.98	0.84	0.74	0.86	0.97	0.98	0.1	0.89	0.87	0.88	0.89	0.83	0.76
Inventory	0.72	0.63	0.7	0.72	0.61	0.65	0.65	0.79	0.63	0.66		0.84	0.68	0.59	0.85	0.91	0.8	0.61	0.66	0.35	0.39	0.79	0.67	0.76	0.71	0.68
Other Current Assets	0.67	0.67	0.55	0.71	0.58	0.63	0.52	0.85	0.56	0.62	0.84		0.53	0.52	0.8	0.85	0.75	0.53	0.58	0.47	0.23	0.73	0.47	0.72	0.74	0.57
Total Liab	0.97	0.11	1.0	0.94	0.84	0.96	0.99	0.53	0.97	0.96	0.68	0.53		0.98	0.78	0.73	0.81	0.96	0.99	0.15	0.92	0.85	0.89	0.87	0.78	0.84
Intangible Assets	0.98	0.01	0.97	0.96	0.84	0.98	0.99	0.54	0.98	0.98	0.59	0.52	0.98		0.79	0.69	0.84	0.97	0.99	0.09	0.94	0.87	0.9	0.9	0.83	0.79
Common Stock	0.87	0.33	0.79	0.88	0.77	0.84	0.78	0.79	0.8	0.84	0.85	0.8	0.78	0.79		0.92	0.98	0.78	0.82	0.3	0.6	0.93	0.87	0.93	0.87	0.76
Property Plant Equipment	0.79	0.56	0.75	0.79	0.69	0.76	0.7	0.71	0.76	0.74	0.91	0.85	0.73	0.69	0.92		0.88	0.73	0.75	0.56	0.46	0.85	0.74	0.85	0.75	0.85
Net Tangible Assets	0.9	0.3	0.82	0.92	0.74	0.88	0.82	0.79	0.84	0.86	0.8	0.75	0.81	0.84	0.98	0.88		0.81	0.86	0.24	0.66	0.98	0.91	0.98	0.94	0.77
Deferred Long Term Liab	0.95	0.04	0.96	0.93	0.89	0.96	0.97	0.46	0.99	0.97	0.61	0.53	0.96	0.97	0.78	0.73	0.81		0.97	0.21	0.89	0.83	0.86	0.86	0.76	0.84
Non Current Assets Total	0.99	0.1	0.98	0.98	0.85	0.99	0.99	0.58	0.98	0.98	0.66	0.58	0.99	0.99	0.82	0.75	0.86	0.97		0.17	0.91	0.89	0.9	0.92	0.84	0.84
Non Currrent Assets Other	0.17	0.58	0.17	0.17	0.22	0.16	0.1	0.15	0.26	0.1	0.35	0.47	0.15	0.09	0.3	0.56	0.24	0.21	0.17		-0.13	0.17	0.04	0.22	0.08	0.62
Non Current Liabilities Total	0.86	-0.28	0.9	0.83	0.8	0.89	0.93	0.29	0.88	0.89	0.39	0.23	0.92	0.94	0.6	0.46	0.66	0.89	0.91	-0.13		0.69	0.85	0.72	0.64	0.65
Total Current Assets	0.92	0.32	0.85	0.94	0.69	0.89	0.85	0.8	0.85	0.87	0.79	0.73	0.85	0.87	0.93	0.85	0.98	0.83	0.89	0.17	0.69		0.92	1.0	0.97	0.76
Common Stock Shares Outstanding	0.89	0.05	0.89	0.88	0.74	0.89	0.9	0.55	0.86	0.88	0.67	0.47	0.89	0.9	0.87	0.74	0.91	0.86	0.9	0.04	0.85	0.92		0.92	0.83	0.77
Net Invested Capital	0.94	0.29	0.87	0.95	0.73	0.92	0.87	0.77	0.89	0.89	0.76	0.72	0.87	0.9	0.93	0.85	0.98	0.86	0.92	0.22	0.72	1.0	0.92		0.96	0.8
Net Working Capital	0.89	0.31	0.78	0.92	0.63	0.86	0.79	0.86	0.78	0.83	0.71	0.74	0.78	0.83	0.87	0.75	0.94	0.76	0.84	0.08	0.64	0.97	0.83	0.96		0.64
Short Long Term Debt	0.81	0.34	0.85	0.79	0.71	0.8	0.81	0.44	0.87	0.76	0.68	0.57	0.84	0.79	0.76	0.85	0.77	0.84	0.84	0.62	0.65	0.76	0.77	0.8	0.64

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Nancal Energy Account Relationship Matchups

Nancal Energy fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.8B	2.0B	2.9B	3.1B	3.8B	4.0B
Other Current Liab	112.9M	124.6M	117.7M	64.0M	14.6M	13.9M
Total Current Liabilities	415.0M	504.4M	463.9M	543.6M	872.9M	916.5M
Total Stockholder Equity	1.3B	1.4B	2.4B	2.5B	2.7B	2.9B
Other Liab	8.9M	9.6M	6.6M	13.1M	15.1M	15.9M
Retained Earnings	395.9M	508.1M	667.6M	849.2M	1.0B	1.1B
Accounts Payable	223.6M	244.6M	247.0M	351.6M	517.4M	543.2M
Cash	371.7M	218.0M	564.7M	382.1M	271.9M	249.9M
Other Assets	129.7M	289.7M	195.7M	418.0M	480.7M	504.8M
Net Receivables	647.6M	588.8M	754.4M	1.0B	1.2B	1.3B
Inventory	205.5M	143.1M	154.8M	110.8M	154.0M	84.4M
Other Current Assets	78.0M	71.0M	99.2M	84.3M	41.3M	47.4M
Total Liab	423.9M	514.0M	482.6M	576.0M	955.1M	1.0B
Intangible Assets	223.9M	364.5M	557.3M	799.5M	1.1B	1.2B
Property Plant Equipment	128.6M	170.0M	145.5M	141.5M	162.7M	86.8M
Net Tangible Assets	1.1B	1.1B	1.8B	1.9B	2.1B	1.1B
Deferred Long Term Liab	113.1M	184.5M	99.4M	304.0M	349.6M	367.1M
Non Current Assets Total	501.3M	755.4M	918.7M	1.2B	1.6B	1.7B
Non Currrent Assets Other	154.8K	82.2M	17.0M	24.5M	276.2K	262.4K
Non Current Liabilities Total	8.9M	9.6M	18.7M	32.4M	82.2M	86.3M
Total Current Assets	1.3B	1.2B	2.0B	1.9B	2.2B	1.5B
Net Invested Capital	1.3B	1.5B	2.4B	2.6B	2.8B	1.9B
Net Working Capital	888.8M	695.9M	1.5B	1.4B	1.3B	1.1B
Short Long Term Debt	50.2M	107.6M	64.4M	75.9M	96.3M	79.7M

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Other Information on Investing in Nancal Stock

Balance Sheet is a snapshot of the financial position of Nancal Energy Saving at a specified time, usually calculated after every quarter, six months, or one year. Nancal Energy Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Nancal Energy 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 Nancal currently owns. An asset can also be divided into two categories, current and non-current.

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Nancal Other Liab vs Net Working Capital Analysis

Other Liab vs Net Working Capital

Other Liab vs Net Working Capital Correlation Analysis

Correlation Coefficient

Other Liab

Net Working Capital

Nancal Energy fundamental ratios Correlations

Nancal Energy Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Nancal Energy fundamental ratios Accounts

Currently Active Assets on Macroaxis

Other Information on Investing in Nancal Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Stockholder Equity	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Current Liabilities
Net Invested Capital	+ 1.0	Total Current Assets
Retained Earnings	+ 0.99	Total Assets
Non Current Assets Total	+ 0.99	Total Assets
Accounts Payable	+ 0.99	Total Current Liabilities

Non Current Liabilities Total	- 0.28	Other Current Liab
Non Current Liabilities Total	- 0.13	Non Currrent Assets Other
Other Liab	- 0.06	Other Current Liab