National Total Current Liabilities vs Other Current Assets Analysis

KAP Stock   40.45  0.70  1.76%   
National Atomic financial indicator trend analysis is infinitely more than just investigating National Atomic recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether National Atomic is a good investment. Please check the relationship between National Atomic Total Current Liabilities and its Other Current Assets accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in National Atomic Co. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

Total Current Liabilities vs Other Current Assets

Total Current Liabilities vs Other Current Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of National Atomic Total Current Liabilities account and Other Current Assets. At this time, the significance of the direction appears to have strong relationship.
The correlation between National Atomic's Total Current Liabilities and Other Current Assets is 0.68. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Other Current Assets in the same time period over historical financial statements of National Atomic Co, assuming nothing else is changed. The correlation between historical values of National Atomic's Total Current Liabilities and Other Current Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Current Liabilities of National Atomic Co are associated (or correlated) with its Other Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Assets has no effect on the direction of Total Current Liabilities i.e., National Atomic's Total Current Liabilities and Other Current Assets go up and down completely randomly.

Correlation Coefficient

0.68
Relationship DirectionPositive 
Relationship StrengthSignificant

Total Current Liabilities

Total Current Liabilities is an item on National Atomic balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of National Atomic Co are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.

Other Current Assets

Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.
Most indicators from National Atomic's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into National Atomic 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 National Atomic Co. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.
At present, National Atomic's Tax Provision is projected to increase significantly based on the last few years of reporting.
 2021 2022 2023 2024 (projected)
Gross Profit288.0B526.1B818.6B859.6B
Total Revenue691.0B1.0T1.4T1.5T

National Atomic fundamental ratios Correlations

0.280.250.731.00.93-0.661.00.550.750.960.210.750.830.880.610.230.730.980.66-0.780.960.840.250.860.62
0.280.270.680.240.230.110.230.460.230.25-0.160.20.320.410.440.16-0.020.250.420.010.520.330.790.150.42
0.250.270.460.230.05-0.130.230.330.230.130.090.180.330.10.190.04-0.040.380.27-0.330.340.30.320.160.19
0.730.680.460.710.53-0.50.710.750.740.580.20.740.70.610.720.370.130.760.68-0.430.850.740.70.560.72
1.00.240.230.710.93-0.691.00.540.770.960.190.770.820.880.60.230.740.980.65-0.780.940.840.230.860.61
0.930.230.050.530.93-0.520.930.30.590.990.00.560.670.950.40.010.850.850.51-0.710.860.690.160.80.42
-0.660.11-0.13-0.5-0.69-0.52-0.69-0.58-0.92-0.53-0.17-0.91-0.62-0.45-0.43-0.3-0.38-0.72-0.470.62-0.59-0.73-0.1-0.62-0.44
1.00.230.230.711.00.93-0.690.530.770.960.190.770.820.880.60.220.730.980.65-0.780.940.840.230.860.61
0.550.460.330.750.540.3-0.580.530.640.370.320.670.830.280.850.590.110.610.86-0.440.640.860.60.640.84
0.750.230.230.740.770.59-0.920.770.640.610.110.980.630.60.50.290.350.810.5-0.560.770.750.30.580.5
0.960.250.130.580.960.99-0.530.960.370.610.080.590.740.940.470.080.840.90.58-0.750.90.740.180.840.49
0.21-0.160.090.20.190.0-0.170.190.320.110.080.210.39-0.090.40.610.010.240.31-0.430.160.29-0.210.230.4
0.750.20.180.740.770.56-0.910.770.670.980.590.210.670.560.550.460.340.80.52-0.580.750.770.250.580.55
0.830.320.330.70.820.67-0.620.820.830.630.740.390.670.630.80.510.530.840.89-0.810.830.970.380.910.8
0.880.410.10.610.880.95-0.450.880.280.60.94-0.090.560.630.40.020.720.80.49-0.640.860.650.320.740.42
0.610.440.190.720.60.4-0.430.60.850.50.470.40.550.80.40.540.130.610.94-0.350.630.820.620.741.0
0.230.160.040.370.230.01-0.30.220.590.290.080.610.460.510.020.54-0.050.260.47-0.380.260.50.160.250.52
0.73-0.02-0.040.130.740.85-0.380.730.110.350.840.010.340.530.720.13-0.050.660.29-0.710.630.5-0.240.640.14
0.980.250.380.760.980.85-0.720.980.610.810.90.240.80.840.80.610.260.660.67-0.780.950.860.250.820.63
0.660.420.270.680.650.51-0.470.650.860.50.580.310.520.890.490.940.470.290.67-0.510.680.910.630.850.95
-0.780.01-0.33-0.43-0.78-0.710.62-0.78-0.44-0.56-0.75-0.43-0.58-0.81-0.64-0.35-0.38-0.71-0.78-0.51-0.72-0.750.06-0.75-0.37
0.960.520.340.850.940.86-0.590.940.640.770.90.160.750.830.860.630.260.630.950.68-0.720.840.420.770.63
0.840.330.30.740.840.69-0.730.840.860.750.740.290.770.970.650.820.50.50.860.91-0.750.840.460.910.83
0.250.790.320.70.230.16-0.10.230.60.30.18-0.210.250.380.320.620.16-0.240.250.630.060.420.460.320.62
0.860.150.160.560.860.8-0.620.860.640.580.840.230.580.910.740.740.250.640.820.85-0.750.770.910.320.76
0.620.420.190.720.610.42-0.440.610.840.50.490.40.550.80.421.00.520.140.630.95-0.370.630.830.620.76
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National Atomic Account Relationship Matchups

National Atomic fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets1.7T1.7T2.0T2.2T2.6T1.5T
Short Long Term Debt Total161.6B109.2B102.6B139.0B177.4B158.1B
Other Current Liab(11.7B)(7.7B)(15.4B)88.3B35.5B19.7B
Total Current Liabilities185.1B111.6B158.8B271.4B430.8B226.3B
Total Stockholder Equity988.0B1.1T1.2T1.3T1.5T936.2B
Property Plant And Equipment Net947.8B902.5B888.4B902.2B902.0B610.5B
Net Debt63.0B(4.2B)(58.6B)(30.5B)(34.5B)(32.8B)
Retained Earnings944.9B1.0T1.1T1.3T1.5T886.7B
Accounts Payable57.2B42.1B62.9B98.5B175.4B184.2B
Cash98.6B113.3B161.2B169.5B211.9B130.1B
Non Current Assets Total1.2T1.1T1.2T1.3T1.3T925.4B
Non Currrent Assets Other35.4B7.8B95.2B54.1B91.7B55.1B
Cash And Short Term Investments98.6B113.3B209.4B170.8B258.6B147.5B
Net Receivables90.5B117.3B220.0B258.6B332.0B348.6B
Short Term Investments1M(43.3B)48.2B1.3B46.7B49.0B
Liabilities And Stockholders Equity1.7T1.7T2.0T2.2T2.6T1.5T
Non Current Liabilities Total246.9B237.9B255.6B254.6B160.2B178.5B
Inventory217.1B233.4B275.9B392.6B423.3B223.9B
Other Current Assets88.7B69.4B62.2B114.8B265.4B278.7B
Total Liab432.0B349.5B414.4B526.0B591.0B404.8B
Total Current Assets498.0B542.3B771.8B947.7B1.3T1.4T
Accumulated Other Comprehensive Income1.6B1.7B1.9B1.9B1.2B1.2B
Short Term Debt91.3B32.6B(65.2B)55.7B177.4B186.3B
Intangible Assets6.2B11.4B10.4B10.7B14.6B15.4B
Current Deferred Revenue35.1B34.9B76.8B96.4B73.6B42.9B
Long Term Debt16.3B69.3B76.3B77.7B83.3B0.0
Capital Lease Obligations419M479M1.4B746M857.9M704.4M
Short Long Term Debt90.9B21.6B11.4B55.7B177.4B93.0B
Non Current Liabilities Other4.9B4.6B19.2B2.2B3.1B3.0B
Net Invested Capital1.1T1.2T1.3T1.4T1.7T1.3T
Net Working Capital312.9B430.7B612.9B676.3B859.9B530.8B

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Other Information on Investing in National Stock

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