NELCO Net Income vs Change In Cash Analysis

NELCO Stock

1,379 19.10 1.40%

NELCO financial indicator trend analysis is infinitely more than just investigating NELCO Limited recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether NELCO Limited is a good investment. Please check the relationship between NELCO Net Income and its Change In Cash accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NELCO Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.

Net Income vs Change In Cash

Net Income vs Change In Cash Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of NELCO Limited Net Income account and Change In Cash. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between NELCO's Net Income and Change In Cash is 0.45. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Change In Cash in the same time period over historical financial statements of NELCO Limited, assuming nothing else is changed. The correlation between historical values of NELCO's Net Income and Change In 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 Income of NELCO Limited are associated (or correlated) with its Change In Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Change In Cash has no effect on the direction of Net Income i.e., NELCO's Net Income and Change In Cash go up and down completely randomly.

Correlation Coefficient

0.45

Relationship Direction	Positive
Relationship Strength	Weak

View All Relationships

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in NELCO Limited financial statement analysis. It represents the amount of money remaining after all of NELCO Limited operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Change In Cash

Most indicators from NELCO's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into NELCO Limited 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 NELCO Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.

At this time, NELCO's Discontinued Operations is very stable compared to the past year. As of the 11th of December 2024, Tax Provision is likely to grow to about 103.3 M, while Selling General Administrative is likely to drop about 46.7 M.

	2021	2022	2023	2024 (projected)
Gross Profit	1.6B	2.6B	2.3B	1.4B
Total Revenue	2.6B	3.1B	3.2B	2.1B

Gross Profit Total Revenue

NELCO fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Common Stock	Net Receivables	Common Stock Shares Outstanding	Short Term Debt	Accounts Payable	Intangible Assets	Current Deferred Revenue	Retained Earnings	Other Liab
Total Assets		0.61	0.47	0.36	0.68	0.74	0.56	0.61	0.72	0.16	0.25	0.78	0.64	0.58	-0.03	0.83	0.84	0.51	0.86	-0.29	-0.04	0.49	0.32	0.42	0.54	-0.4
Short Long Term Debt Total	0.61		0.29	0.13	0.0	0.29	0.98	-0.03	0.31	0.37	0.0	0.83	0.56	0.76	-0.07	0.84	0.64	0.78	0.38	0.05	0.38	0.1	-0.17	0.03	-0.1	0.16
Other Current Liab	0.47	0.29		0.02	0.0	-0.11	0.32	-0.04	-0.16	-0.11	-0.21	0.7	0.78	0.76	0.61	0.66	0.77	0.73	0.65	-0.11	0.33	0.1	-0.14	-0.26	-0.22	0.27
Total Current Liabilities	0.36	0.13	0.02		0.26	0.5	0.08	0.3	0.51	0.16	0.18	-0.02	-0.13	-0.2	-0.01	0.29	0.1	-0.21	0.35	-0.14	0.36	0.31	-0.06	0.46	0.27	-0.07
Total Stockholder Equity	0.68	0.0	0.0	0.26		0.72	-0.07	0.96	0.69	0.02	0.46	0.19	0.16	-0.02	-0.34	0.16	0.33	-0.17	0.49	-0.54	-0.46	0.47	0.58	0.55	0.97	-0.86
Property Plant And Equipment Net	0.74	0.29	-0.11	0.5	0.72		0.23	0.63	0.99	0.28	0.3	0.27	-0.02	-0.03	-0.35	0.42	0.29	-0.06	0.49	-0.24	-0.32	0.45	0.36	0.8	0.71	-0.53
Net Debt	0.56	0.98	0.32	0.08	-0.07	0.23		-0.09	0.25	0.35	-0.19	0.83	0.57	0.78	0.01	0.83	0.61	0.8	0.37	0.08	0.36	0.07	-0.21	0.02	-0.17	0.25
Cash	0.61	-0.03	-0.04	0.3	0.96	0.63	-0.09		0.61	-0.05	0.42	0.13	0.16	-0.06	-0.33	0.11	0.3	-0.22	0.48	-0.49	-0.36	0.5	0.63	0.44	0.95	-0.88
Non Current Assets Total	0.72	0.31	-0.16	0.51	0.69	0.99	0.25	0.61		0.34	0.3	0.25	-0.04	-0.04	-0.38	0.4	0.25	-0.07	0.44	-0.21	-0.31	0.39	0.36	0.82	0.7	-0.51
Non Currrent Assets Other	0.16	0.37	-0.11	0.16	0.02	0.28	0.35	-0.05	0.34		0.04	0.13	-0.05	0.06	-0.16	0.2	-0.02	0.1	-0.13	-0.12	0.22	-0.36	-0.22	0.25	0.02	0.21
Cash And Short Term Investments	0.25	0.0	-0.21	0.18	0.46	0.3	-0.19	0.42	0.3	0.04		-0.1	-0.06	-0.16	-0.49	-0.04	0.11	-0.2	0.06	-0.26	-0.05	0.08	0.28	0.11	0.5	-0.63
Non Current Liabilities Total	0.78	0.83	0.7	-0.02	0.19	0.27	0.83	0.13	0.25	0.13	-0.1		0.84	0.95	0.21	0.92	0.89	0.92	0.68	-0.13	0.19	0.23	-0.02	0.0	0.0	0.06
Inventory	0.64	0.56	0.78	-0.13	0.16	-0.02	0.57	0.16	-0.04	-0.05	-0.06	0.84		0.89	0.4	0.75	0.93	0.85	0.76	-0.06	0.25	0.26	0.14	-0.3	-0.04	0.04
Other Current Assets	0.58	0.76	0.76	-0.2	-0.02	-0.03	0.78	-0.06	-0.04	0.06	-0.16	0.95	0.89		0.32	0.83	0.85	0.98	0.57	-0.03	0.27	0.06	-0.11	-0.24	-0.22	0.22
Other Stockholder Equity	-0.03	-0.07	0.61	-0.01	-0.34	-0.35	0.01	-0.33	-0.38	-0.16	-0.49	0.21	0.4	0.32		0.23	0.28	0.35	0.29	-0.21	0.22	0.12	0.02	-0.28	-0.48	0.55
Total Liab	0.83	0.84	0.66	0.29	0.16	0.42	0.83	0.11	0.4	0.2	-0.04	0.92	0.75	0.83	0.23		0.89	0.84	0.77	-0.04	0.33	0.29	-0.05	0.13	-0.01	0.13
Total Current Assets	0.84	0.64	0.77	0.1	0.33	0.29	0.61	0.3	0.25	-0.02	0.11	0.89	0.93	0.85	0.28	0.89		0.81	0.89	-0.13	0.2	0.36	0.17	-0.03	0.13	-0.09
Common Stock	0.51	0.78	0.73	-0.21	-0.17	-0.06	0.8	-0.22	-0.07	0.1	-0.2	0.92	0.85	0.98	0.35	0.84	0.81		0.52	0.08	0.34	0.03	-0.18	-0.28	-0.36	0.35
Net Receivables	0.86	0.38	0.65	0.35	0.49	0.49	0.37	0.48	0.44	-0.13	0.06	0.68	0.76	0.57	0.29	0.77	0.89	0.52		-0.15	0.06	0.56	0.3	0.2	0.33	-0.23
Common Stock Shares Outstanding	-0.29	0.05	-0.11	-0.14	-0.54	-0.24	0.08	-0.49	-0.21	-0.12	-0.26	-0.13	-0.06	-0.03	-0.21	-0.04	-0.13	0.08	-0.15		0.23	-0.24	-0.29	-0.26	-0.47	0.41
Short Term Debt	-0.04	0.38	0.33	0.36	-0.46	-0.32	0.36	-0.36	-0.31	0.22	-0.05	0.19	0.25	0.27	0.22	0.33	0.2	0.34	0.06	0.23		-0.1	-0.43	-0.53	-0.51	0.52
Accounts Payable	0.49	0.1	0.1	0.31	0.47	0.45	0.07	0.5	0.39	-0.36	0.08	0.23	0.26	0.06	0.12	0.29	0.36	0.03	0.56	-0.24	-0.1		0.46	0.11	0.43	-0.44
Intangible Assets	0.32	-0.17	-0.14	-0.06	0.58	0.36	-0.21	0.63	0.36	-0.22	0.28	-0.02	0.14	-0.11	0.02	-0.05	0.17	-0.18	0.3	-0.29	-0.43	0.46		0.21	0.58	-0.6
Current Deferred Revenue	0.42	0.03	-0.26	0.46	0.55	0.8	0.02	0.44	0.82	0.25	0.11	0.0	-0.3	-0.24	-0.28	0.13	-0.03	-0.28	0.2	-0.26	-0.53	0.11	0.21		0.6	-0.34
Retained Earnings	0.54	-0.1	-0.22	0.27	0.97	0.71	-0.17	0.95	0.7	0.02	0.5	0.0	-0.04	-0.22	-0.48	-0.01	0.13	-0.36	0.33	-0.47	-0.51	0.43	0.58	0.6		-0.9
Other Liab	-0.4	0.16	0.27	-0.07	-0.86	-0.53	0.25	-0.88	-0.51	0.21	-0.63	0.06	0.04	0.22	0.55	0.13	-0.09	0.35	-0.23	0.41	0.52	-0.44	-0.6	-0.34	-0.9

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NELCO Account Relationship Matchups

NELCO fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	2.8B	2.5B	2.6B	2.6B	2.8B	2.4B
Short Long Term Debt Total	1.2B	896.2M	814.8M	631M	568.7M	627.0M
Other Current Liab	195.3M	204.4M	198.3M	196.8M	299.4M	341.7M
Total Current Liabilities	1.7B	1.3B	1.3B	1.2B	1.4B	1.4B
Total Stockholder Equity	658.9M	757.8M	890.5M	1.0B	1.2B	1.3B
Property Plant And Equipment Net	1.2B	1.1B	1.1B	920.9M	924.3M	694.2M
Net Debt	1.1B	804.6M	658.3M	469.4M	350.8M	550.0M
Cash	131.1M	91.6M	156.5M	161.6M	217.9M	228.8M
Non Current Assets Total	1.6B	1.5B	1.4B	1.2B	1.3B	981.7M
Non Currrent Assets Other	306.4M	442.6M	223.1M	135.7M	306.6M	246.0M
Cash And Short Term Investments	137.4M	91.6M	156.5M	200.9M	244.7M	123.1M
Liabilities And Stockholders Equity	2.8B	2.5B	2.6B	2.6B	2.8B	2.4B
Non Current Liabilities Total	416.9M	386M	410.4M	386.3M	190.2M	363.4M
Inventory	105.2M	113.8M	158.2M	212.7M	258.7M	149.0M
Other Current Assets	70M	44.4M	109.4M	161.3M	80.6M	157.3M
Other Stockholder Equity	413.1M	26.2M	25M	25.0M	26.8M	25.5M
Total Liab	2.1B	1.7B	1.7B	1.6B	1.6B	1.3B
Total Current Assets	1.2B	993.5M	1.2B	1.4B	1.5B	1.0B
Accumulated Other Comprehensive Income	(268.6M)	(386.9M)	26.2M	26.8M	1.8M	1.9M
Net Receivables	862.8M	660.5M	811.8M	896.4M	931.6M	651.3M
Short Term Debt	852.4M	558.4M	404.8M	244.8M	378.5M	442.0M
Accounts Payable	377.2M	349.5M	534.9M	450.6M	352M	405.0M
Intangible Assets	19.5M	17.8M	39.4M	47.9M	46.2M	26.0M
Current Deferred Revenue	494.3M	409.4M	193.7M	298.3M	363.7M	292.3M
Retained Earnings	404.5M	503.4M	636.1M	790.5M	980.8M	1.0B
Other Liab	35.1M	48.2M	400K	100K	90K	85.5K
Net Tangible Assets	639.4M	740M	851.1M	997.6M	1.1B	1.2B
Other Assets	428.4M	350.3M	268.2M	174.3M	200.4M	276.3M
Long Term Debt	294.8M	151.4M	187.5M	186.2M	1.7M	1.6M
Short Long Term Debt	831.2M	373.3M	357.5M	193.2M	330.5M	360.9M
Property Plant Equipment	1.2B	1.1B	1.1B	920.9M	1.1B	789.1M
Short Term Investments	6.3M	166M	79.9M	39.3M	26.8M	48.3M
Long Term Debt Total	357.4M	337.8M	410M	386.2M	444.1M	264.7M
Non Current Liabilities Other	1.1M	800K	400K	100K	90K	85.5K
Capital Lease Obligations	83.8M	228M	269.8M	251.6M	236.5M	176.3M
Net Invested Capital	1.8B	1.3B	1.4B	1.4B	1.6B	1.5B

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Other Information on Investing in NELCO Stock

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

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NELCO Net Income vs Change In Cash Analysis

Net Income vs Change In Cash

Net Income vs Change In Cash Correlation Analysis

Correlation Coefficient

Net Income

Change In Cash

NELCO fundamental ratios Correlations

NELCO Account Relationship Matchups

High Positive Relationship

High Negative Relationship

NELCO fundamental ratios Accounts

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Other Information on Investing in NELCO Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Assets Total	+ 0.99	Property Plant And Equipment Net
Net Debt	+ 0.98	Short Long Term Debt Total
Common Stock	+ 0.98	Other Current Assets
Retained Earnings	+ 0.97	Total Stockholder Equity
Cash	+ 0.96	Total Stockholder Equity
Retained Earnings	+ 0.95	Cash

Other Liab	- 0.9	Retained Earnings
Other Liab	- 0.88	Cash
Other Liab	- 0.86	Total Stockholder Equity
Other Liab	- 0.63	Cash And Short Term Investments
Other Liab	- 0.6	Intangible Assets
Common Stock Shares Outstanding	- 0.54	Total Stockholder Equity