| FIZZ Stock | | | USD 49.62 1.75 3.66% |
National Beverage financial indicator trend analysis is infinitely more than just investigating National Beverage Corp recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether National Beverage Corp is a good investment. Please check the relationship between National Beverage Net Debt and its Cash accounts. Check out
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in National Beverage Corp. 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.
Net Debt vs Cash
Net Debt vs Cash Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
National Beverage Corp Net Debt account and
Cash. At this time, the significance of the direction appears to have pay attention.
The correlation between National Beverage's Net Debt and Cash is -0.96. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Cash in the same time period over historical financial statements of National Beverage Corp, assuming nothing else is changed. The correlation between historical values of National Beverage's Net Debt and Cash 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 Debt of National Beverage Corp are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Net Debt i.e., National Beverage's Net Debt and Cash go up and down completely randomly.
Correlation Coefficient | -0.96 |
| Relationship Direction | Negative |
| Relationship Strength | Significant |
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.
Cash
Cash refers to the most liquid asset of National Beverage Corp, which is listed under current asset account on National Beverage Corp balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from National Beverage customers. The amounts must be unrestricted with restricted cash listed in a different National Beverage account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.
Most indicators from National Beverage's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into National Beverage Corp 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
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in National Beverage Corp. 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.
At this time, National Beverage's
Selling General Administrative is fairly stable compared to the past year.
Enterprise Value Over EBITDA is likely to rise to 19.85 in 2024, whereas
Tax Provision is likely to drop slightly above 49.7
M in 2024.
National Beverage fundamental ratios Correlations
Click cells to compare fundamentals
National Beverage Account Relationship Matchups
High Positive Relationship
High Negative Relationship
National Beverage fundamental ratios Accounts
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