NatWest Other Non Cash Items vs Net Income Analysis

NWG Stock   402.70  3.80  0.95%   
NatWest Group financial indicator trend analysis is infinitely more than just investigating NatWest Group PLC recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether NatWest Group PLC is a good investment. Please check the relationship between NatWest Group Other Non Cash Items and its Net Income accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NatWest Group PLC. 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.

Other Non Cash Items vs Net Income

Other Non Cash Items vs Net Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of NatWest Group PLC Other Non Cash Items account and Net Income. At this time, the significance of the direction appears to have almost no relationship.
The correlation between NatWest Group's Other Non Cash Items and Net Income is 0.16. Overlapping area represents the amount of variation of Other Non Cash Items that can explain the historical movement of Net Income in the same time period over historical financial statements of NatWest Group PLC, assuming nothing else is changed. The correlation between historical values of NatWest Group's Other Non Cash Items and Net Income 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 Non Cash Items of NatWest Group PLC are associated (or correlated) with its Net Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income has no effect on the direction of Other Non Cash Items i.e., NatWest Group's Other Non Cash Items and Net Income go up and down completely randomly.

Correlation Coefficient

0.16
Relationship DirectionPositive 
Relationship StrengthInsignificant

Other Non Cash Items

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in NatWest Group PLC financial statement analysis. It represents the amount of money remaining after all of NatWest Group PLC operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.
Most indicators from NatWest Group's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into NatWest Group PLC 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 NatWest Group PLC. 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 3 B, whereas Tax Provision is forecasted to decline to about 1 B.
 2021 2022 2023 2024 (projected)
Other Operating Expenses7.8B7.3B14.8B9.7B
Income Tax Expense996M1.3B1.4B855.7M

NatWest Group fundamental ratios Correlations

0.720.960.920.50.210.76-0.710.710.21-0.130.770.760.00.090.510.010.310.280.2-0.11-0.250.26-0.09-0.070.22
0.720.620.810.65-0.150.9-0.450.18-0.15-0.440.790.820.130.120.60.350.09-0.030.490.25-0.50.450.00.270.43
0.960.620.830.50.170.64-0.70.790.170.060.760.74-0.120.010.43-0.120.390.390.11-0.22-0.120.310.07-0.130.11
0.920.810.830.580.080.86-0.640.520.08-0.320.780.770.070.190.620.190.230.150.390.14-0.390.32-0.21-0.040.27
0.50.650.50.58-0.70.45-0.760.46-0.70.210.710.69-0.64-0.120.740.59-0.170.60.830.59-0.540.870.13-0.070.43
0.21-0.150.170.08-0.70.030.240.091.0-0.36-0.16-0.150.690.31-0.43-0.520.44-0.39-0.68-0.660.36-0.81-0.22-0.14-0.32
0.760.90.640.860.450.03-0.290.110.03-0.560.660.690.340.080.50.130.2-0.20.270.06-0.310.29-0.20.370.36
-0.71-0.45-0.7-0.64-0.760.24-0.29-0.860.24-0.33-0.66-0.620.62-0.06-0.59-0.370.07-0.73-0.58-0.350.52-0.550.040.39-0.3
0.710.180.790.520.460.090.11-0.860.090.470.540.48-0.53-0.010.360.00.190.760.18-0.08-0.130.270.09-0.510.02
0.21-0.150.170.08-0.71.00.030.240.09-0.36-0.16-0.150.690.3-0.43-0.520.44-0.39-0.69-0.660.36-0.81-0.21-0.14-0.33
-0.13-0.440.06-0.320.21-0.36-0.56-0.330.47-0.36-0.2-0.25-0.8-0.11-0.1-0.040.060.66-0.05-0.030.170.230.44-0.18-0.35
0.770.790.760.780.71-0.160.66-0.660.54-0.16-0.20.99-0.16-0.140.710.170.010.380.540.14-0.420.530.14-0.20.37
0.760.820.740.770.69-0.150.69-0.620.48-0.15-0.250.99-0.1-0.140.690.160.010.310.520.13-0.430.520.16-0.120.39
0.00.13-0.120.07-0.640.690.340.62-0.530.69-0.8-0.16-0.10.24-0.34-0.390.27-0.87-0.52-0.450.21-0.66-0.240.34-0.14
0.090.120.010.19-0.120.310.08-0.06-0.010.3-0.11-0.14-0.140.24-0.170.230.36-0.3-0.110.08-0.25-0.47-0.170.01-0.47
0.510.60.430.620.74-0.430.5-0.590.36-0.43-0.10.710.69-0.34-0.170.39-0.220.390.720.49-0.470.610.15-0.130.44
0.010.35-0.120.190.59-0.520.13-0.370.0-0.52-0.040.170.16-0.390.230.39-0.260.260.790.84-0.540.4-0.2-0.060.38
0.310.090.390.23-0.170.440.20.070.190.440.060.010.010.270.36-0.22-0.26-0.26-0.53-0.630.56-0.310.270.07-0.46
0.28-0.030.390.150.6-0.39-0.2-0.730.76-0.390.660.380.31-0.87-0.30.390.26-0.260.490.3-0.210.540.18-0.540.16
0.20.490.110.390.83-0.680.27-0.580.18-0.69-0.050.540.52-0.52-0.110.720.79-0.530.490.87-0.740.72-0.09-0.210.55
-0.110.25-0.220.140.59-0.660.06-0.35-0.08-0.66-0.030.140.13-0.450.080.490.84-0.630.30.87-0.670.52-0.29-0.080.47
-0.25-0.5-0.12-0.39-0.540.36-0.310.52-0.130.360.17-0.42-0.430.21-0.25-0.47-0.540.56-0.21-0.74-0.67-0.360.210.03-0.33
0.260.450.310.320.87-0.810.29-0.550.27-0.810.230.530.52-0.66-0.470.610.4-0.310.540.720.52-0.360.1-0.030.63
-0.090.00.07-0.210.13-0.22-0.20.040.09-0.210.440.140.16-0.24-0.170.15-0.20.270.18-0.09-0.290.210.10.07-0.41
-0.070.27-0.13-0.04-0.07-0.140.370.39-0.51-0.14-0.18-0.2-0.120.340.01-0.13-0.060.07-0.54-0.21-0.080.03-0.030.07-0.05
0.220.430.110.270.43-0.320.36-0.30.02-0.33-0.350.370.39-0.14-0.470.440.38-0.460.160.550.47-0.330.63-0.41-0.05
Click cells to compare fundamentals

NatWest Group Account Relationship Matchups

NatWest Group fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets723.0B799.5B782.0B720.1B692.7B657.9B
Short Long Term Debt Total10.0B10.0B8.4B6.3B127.3B73.5B
Total Stockholder Equity43.5B43.9B41.8B36.5B33.3B32.7B
Property Plant And Equipment Net4.9B4.4B4.2B4.2B4.2B7.2B
Net Debt(67.9B)(114.5B)(169.3B)(138.6B)(104.5B)(99.3B)
Cash77.9B124.5B177.8B144.8B104.5B109.7B
Non Current Assets Total299.8B301.7B222.4B149.5B587.8B617.1B
Non Currrent Assets Other(1.0B)(901M)(1.2B)(40.0B)440.2B462.2B
Other Assets345.1B373.1B381.6B425.2B(133.1B)(126.4B)
Cash And Short Term Investments77.9B124.5B177.8B145.1B104.5B109.7B
Common Stock Shares Outstanding11.2B11.2B10.1B9.9B9.2B8.7B
Liabilities And Stockholders Equity723.0B799.5B782.0B720.1B692.7B657.9B
Non Current Liabilities Total10.0B10.0B8.4B683.6B476.8B551.5B
Total Liab10.0B10.0B8.4B683.6B655.5B556.8B
Total Current Assets78.1B124.7B178.0B145.4B238.0B249.9B
Retained Earnings13.9B12.6B13.0B10.0B10.6B9.0B
Other Stockholder Equity11.4B1.1B790M15.7B10.4B18.2B
Intangible Assets1.0B1.0B1.2B1.6B1.9B1.8B
Common Stock16.2B12.1B11.5B10.5B10.8B10.9B
Short Term Investments1.0B(54.1B)(45.2B)(37.9B)(133.1B)(126.4B)
Net Receivables275M216M248M327M292M404.7M
Accumulated Other Comprehensive Income1.5B2.2B1.8B256M1.4B1.3B
Total Current Liabilities254.5B255.6B225.8B187.5B111.3B191.3B
Other Current Liab196.8B(5.9B)(2.4B)(2.4B)111.0B98.5B
Current Deferred Revenue362M361M319M355M402M316.5M
Accounts Payable4.1B5.5B2.1B2.0B6.6B4.1B
Short Term Debt53.3B34.6B67.8B59.0B71.2B61.5B
Other Liab24.0B30.3B25.7B12.6B11.3B20.1B
Net Tangible Assets36.9B37.2B35.1B29.4B26.4B29.9B
Long Term Debt33.0B42.9B44.4B44.1B50.7B44.7B
Capital Surpluse4.9B5.1B5.2B6.1B5.5B8.3B
Inventory(309.8B)(363.2B)(355.2B)(300.4B)(105.2B)(110.4B)
Other Current Assets309.8B328M360M340M238.4B138.7B
Long Term Investments284.4B291.1B178.0B138.1B133.9B180.2B
Treasury Stock(43M)(21M)(42M)(24M)(27.6M)(29.0M)
Property Plant Equipment4.9B4.4B4.2B4.2B4.9B4.8B
Earning Assets282.1B266.6B286.3B289.3B260.4B238.0B
Net Invested Capital100.7B101.3B98.9B90.7B96.6B100.6B
Capital Stock16.2B17.1B15.4B14.4B10.8B12.0B

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When determining whether NatWest Group PLC is a strong investment it is important to analyze NatWest Group's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact NatWest Group's future performance. For an informed investment choice regarding NatWest Stock, refer to the following important reports:
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NatWest Group PLC. 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.
You can also try the AI Portfolio Architect module to use AI to generate optimal portfolios and find profitable investment opportunities.
Please note, there is a significant difference between NatWest Group's value and its price as these two are different measures arrived at by different means. Investors typically determine if NatWest Group is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, NatWest Group's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.