NELCO Other Stockholder Equity vs Total Liab 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 Other Stockholder Equity and its Total Liab 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.

Other Stockholder Equity vs Total Liab

Other Stockholder Equity vs Total Liab Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of NELCO Limited Other Stockholder Equity account and Total Liab. At this time, the significance of the direction appears to have very week relationship.
The correlation between NELCO's Other Stockholder Equity and Total Liab is 0.23. Overlapping area represents the amount of variation of Other Stockholder Equity that can explain the historical movement of Total Liab 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 Other Stockholder Equity and Total Liab 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 Stockholder Equity of NELCO Limited are associated (or correlated) with its Total Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Liab has no effect on the direction of Other Stockholder Equity i.e., NELCO's Other Stockholder Equity and Total Liab go up and down completely randomly.

Correlation Coefficient

0.23
Relationship DirectionPositive 
Relationship StrengthVery Weak

Other Stockholder Equity

Total Liab

The total amount of all liabilities that a company has, including both short-term and long-term liabilities.
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 Profit1.6B2.6B2.3B1.4B
Total Revenue2.6B3.1B3.2B2.1B

NELCO fundamental ratios Correlations

0.610.470.360.680.740.560.610.720.160.250.780.640.58-0.030.830.840.510.86-0.29-0.040.490.320.420.54-0.4
0.610.290.130.00.290.98-0.030.310.370.00.830.560.76-0.070.840.640.780.380.050.380.1-0.170.03-0.10.16
0.470.290.020.0-0.110.32-0.04-0.16-0.11-0.210.70.780.760.610.660.770.730.65-0.110.330.1-0.14-0.26-0.220.27
0.360.130.020.260.50.080.30.510.160.18-0.02-0.13-0.2-0.010.290.1-0.210.35-0.140.360.31-0.060.460.27-0.07
0.680.00.00.260.72-0.070.960.690.020.460.190.16-0.02-0.340.160.33-0.170.49-0.54-0.460.470.580.550.97-0.86
0.740.29-0.110.50.720.230.630.990.280.30.27-0.02-0.03-0.350.420.29-0.060.49-0.24-0.320.450.360.80.71-0.53
0.560.980.320.08-0.070.23-0.090.250.35-0.190.830.570.780.010.830.610.80.370.080.360.07-0.210.02-0.170.25
0.61-0.03-0.040.30.960.63-0.090.61-0.050.420.130.16-0.06-0.330.110.3-0.220.48-0.49-0.360.50.630.440.95-0.88
0.720.31-0.160.510.690.990.250.610.340.30.25-0.04-0.04-0.380.40.25-0.070.44-0.21-0.310.390.360.820.7-0.51
0.160.37-0.110.160.020.280.35-0.050.340.040.13-0.050.06-0.160.2-0.020.1-0.13-0.120.22-0.36-0.220.250.020.21
0.250.0-0.210.180.460.3-0.190.420.30.04-0.1-0.06-0.16-0.49-0.040.11-0.20.06-0.26-0.050.080.280.110.5-0.63
0.780.830.7-0.020.190.270.830.130.250.13-0.10.840.950.210.920.890.920.68-0.130.190.23-0.020.00.00.06
0.640.560.78-0.130.16-0.020.570.16-0.04-0.05-0.060.840.890.40.750.930.850.76-0.060.250.260.14-0.3-0.040.04
0.580.760.76-0.2-0.02-0.030.78-0.06-0.040.06-0.160.950.890.320.830.850.980.57-0.030.270.06-0.11-0.24-0.220.22
-0.03-0.070.61-0.01-0.34-0.350.01-0.33-0.38-0.16-0.490.210.40.320.230.280.350.29-0.210.220.120.02-0.28-0.480.55
0.830.840.660.290.160.420.830.110.40.2-0.040.920.750.830.230.890.840.77-0.040.330.29-0.050.13-0.010.13
0.840.640.770.10.330.290.610.30.25-0.020.110.890.930.850.280.890.810.89-0.130.20.360.17-0.030.13-0.09
0.510.780.73-0.21-0.17-0.060.8-0.22-0.070.1-0.20.920.850.980.350.840.810.520.080.340.03-0.18-0.28-0.360.35
0.860.380.650.350.490.490.370.480.44-0.130.060.680.760.570.290.770.890.52-0.150.060.560.30.20.33-0.23
-0.290.05-0.11-0.14-0.54-0.240.08-0.49-0.21-0.12-0.26-0.13-0.06-0.03-0.21-0.04-0.130.08-0.150.23-0.24-0.29-0.26-0.470.41
-0.040.380.330.36-0.46-0.320.36-0.36-0.310.22-0.050.190.250.270.220.330.20.340.060.23-0.1-0.43-0.53-0.510.52
0.490.10.10.310.470.450.070.50.39-0.360.080.230.260.060.120.290.360.030.56-0.24-0.10.460.110.43-0.44
0.32-0.17-0.14-0.060.580.36-0.210.630.36-0.220.28-0.020.14-0.110.02-0.050.17-0.180.3-0.29-0.430.460.210.58-0.6
0.420.03-0.260.460.550.80.020.440.820.250.110.0-0.3-0.24-0.280.13-0.03-0.280.2-0.26-0.530.110.210.6-0.34
0.54-0.1-0.220.270.970.71-0.170.950.70.020.50.0-0.04-0.22-0.48-0.010.13-0.360.33-0.47-0.510.430.580.6-0.9
-0.40.160.27-0.07-0.86-0.530.25-0.88-0.510.21-0.630.060.040.220.550.13-0.090.35-0.230.410.52-0.44-0.6-0.34-0.9
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NELCO Account Relationship Matchups

NELCO fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets2.8B2.5B2.6B2.6B2.8B2.4B
Short Long Term Debt Total1.2B896.2M814.8M631M568.7M627.0M
Other Current Liab195.3M204.4M198.3M196.8M299.4M341.7M
Total Current Liabilities1.7B1.3B1.3B1.2B1.4B1.4B
Total Stockholder Equity658.9M757.8M890.5M1.0B1.2B1.3B
Property Plant And Equipment Net1.2B1.1B1.1B920.9M924.3M694.2M
Net Debt1.1B804.6M658.3M469.4M350.8M550.0M
Cash131.1M91.6M156.5M161.6M217.9M228.8M
Non Current Assets Total1.6B1.5B1.4B1.2B1.3B981.7M
Non Currrent Assets Other306.4M442.6M223.1M135.7M306.6M246.0M
Cash And Short Term Investments137.4M91.6M156.5M200.9M244.7M123.1M
Liabilities And Stockholders Equity2.8B2.5B2.6B2.6B2.8B2.4B
Non Current Liabilities Total416.9M386M410.4M386.3M190.2M363.4M
Inventory105.2M113.8M158.2M212.7M258.7M149.0M
Other Current Assets70M44.4M109.4M161.3M80.6M157.3M
Other Stockholder Equity413.1M26.2M25M25.0M26.8M25.5M
Total Liab2.1B1.7B1.7B1.6B1.6B1.3B
Total Current Assets1.2B993.5M1.2B1.4B1.5B1.0B
Accumulated Other Comprehensive Income(268.6M)(386.9M)26.2M26.8M1.8M1.9M
Net Receivables862.8M660.5M811.8M896.4M931.6M651.3M
Short Term Debt852.4M558.4M404.8M244.8M378.5M442.0M
Accounts Payable377.2M349.5M534.9M450.6M352M405.0M
Intangible Assets19.5M17.8M39.4M47.9M46.2M26.0M
Current Deferred Revenue494.3M409.4M193.7M298.3M363.7M292.3M
Retained Earnings404.5M503.4M636.1M790.5M980.8M1.0B
Other Liab35.1M48.2M400K100K90K85.5K
Net Tangible Assets639.4M740M851.1M997.6M1.1B1.2B
Other Assets428.4M350.3M268.2M174.3M200.4M276.3M
Long Term Debt294.8M151.4M187.5M186.2M1.7M1.6M
Short Long Term Debt831.2M373.3M357.5M193.2M330.5M360.9M
Property Plant Equipment1.2B1.1B1.1B920.9M1.1B789.1M
Short Term Investments6.3M166M79.9M39.3M26.8M48.3M
Long Term Debt Total357.4M337.8M410M386.2M444.1M264.7M
Non Current Liabilities Other1.1M800K400K100K90K85.5K
Capital Lease Obligations83.8M228M269.8M251.6M236.5M176.3M
Net Invested Capital1.8B1.3B1.4B1.4B1.6B1.5B

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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.