North Non Currrent Assets Other vs Accounts Payable Analysis
| NAS Stock | 3,770 10.00 0.26% |
North Atlantic financial indicator trend analysis is infinitely more than just investigating North Atlantic Smaller recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether North Atlantic Smaller is a good investment. Please check the relationship between North Atlantic Non Currrent Assets Other and its Accounts Payable accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in North Atlantic Smaller. 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.
Non Currrent Assets Other vs Accounts Payable
Non Currrent Assets Other vs Accounts Payable Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of North Atlantic Smaller Non Currrent Assets Other account and Accounts Payable. At this time, the significance of the direction appears to have strong relationship.
The correlation between North Atlantic's Non Currrent Assets Other and Accounts Payable is 0.68. Overlapping area represents the amount of variation of Non Currrent Assets Other that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of North Atlantic Smaller, assuming nothing else is changed. The correlation between historical values of North Atlantic's Non Currrent Assets Other and Accounts Payable is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Currrent Assets Other of North Atlantic Smaller are associated (or correlated) with its Accounts Payable. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Accounts Payable has no effect on the direction of Non Currrent Assets Other i.e., North Atlantic's Non Currrent Assets Other and Accounts Payable go up and down completely randomly.
Correlation Coefficient | 0.68 |
| Relationship Direction | Positive |
| Relationship Strength | Significant |
Non Currrent Assets Other
Assets that are not physical or tangible, expected to provide value for more than one year, and not easily converted into cash, such as long-term investments or patents.Accounts Payable
An accounting item on the balance sheet that represents North Atlantic obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of North Atlantic Smaller are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.Most indicators from North Atlantic's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into North Atlantic Smaller 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 North Atlantic Smaller. 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. The current year's Selling General Administrative is expected to grow to about 1.7 M
North Atlantic fundamental ratios Correlations
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North Atlantic Account Relationship Matchups
High Positive Relationship
High Negative Relationship
North Atlantic fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Assets | 622.7M | 750.0M | 790.0M | 697.1M | 690.9M | 442.4M | |
| Other Current Liab | (161K) | (224K) | (159K) | (306K) | (314K) | (329.7K) | |
| Total Current Liabilities | 2.0M | 7.8M | 535K | 3.7M | 314K | 298.3K | |
| Total Stockholder Equity | 620.7M | 742.2M | 789.5M | 693.4M | 690.2M | 428.4M | |
| Net Debt | (17.8M) | (33.9M) | (76.0M) | (9.0M) | (9.2M) | (9.7M) | |
| Accounts Payable | 161K | 224K | 159K | 306K | 314K | 298.3K | |
| Cash | 17.8M | 33.9M | 76.0M | 9.0M | 9.2M | 8.7M | |
| Non Current Assets Total | 601.2M | 712.9M | 712.4M | 685.5M | 612.4M | 406.5M | |
| Non Currrent Assets Other | (601.2M) | (712.9M) | (712.4M) | (685.5M) | (612.4M) | (581.8M) | |
| Cash And Short Term Investments | 17.8M | 33.9M | 76.0M | 9.0M | 9.2M | 8.7M | |
| Net Receivables | 825K | 623K | 1.5M | 1.5M | 3.7M | 1.9M | |
| Common Stock Shares Outstanding | 14.2M | 14.1M | 13.9M | 13.7M | 13.5M | 15.6M | |
| Liabilities And Stockholders Equity | 622.7M | 750.0M | 790.0M | 697.1M | 690.9M | 442.4M | |
| Non Current Liabilities Total | 2.0M | 7.8M | 535K | 3.7M | 670K | 636.5K | |
| Total Liab | 2.0M | 7.8M | 535K | 3.7M | 670K | 636.5K | |
| Total Current Assets | 21.5M | 37.1M | 77.6M | 11.6M | 78.5M | 82.4M | |
| Common Stock | 708K | 701K | 683K | 680K | 673K | 775.0K | |
| Retained Earnings | 6.5M | 2.8M | 4.2M | 5.7M | 17.9M | 18.8M | |
| Inventory | 49.8M | (2.9M) | 1.0 | (1.1M) | (1.0M) | 0.95 | |
| Other Current Assets | 2.9M | 2.6M | 1.1M | 1.0M | 65.6M | 68.9M | |
| Accumulated Other Comprehensive Income | 612.2M | 737.4M | 783.3M | 685.7M | 670.4M | 574.8M |
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Balance Sheet is a snapshot of the financial position of North Atlantic Smaller at a specified time, usually calculated after every quarter, six months, or one year. North Atlantic Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of North Atlantic 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 North currently owns. An asset can also be divided into two categories, current and non-current.