NN Total Assets vs Intangible Assets Analysis
NNBR Stock | USD 3.00 0.06 1.96% |
NN financial indicator trend analysis is infinitely more than just investigating NN Inc recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether NN Inc is a good investment. Please check the relationship between NN Total Assets and its Intangible Assets accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NN Inc. 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 labor statistics.
Total Assets vs Intangible Assets
Total Assets vs Intangible Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of NN Inc Total Assets account and Intangible Assets. At this time, the significance of the direction appears to have almost identical trend.
The correlation between NN's Total Assets and Intangible Assets is 0.96. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Intangible Assets in the same time period over historical financial statements of NN Inc, assuming nothing else is changed. The correlation between historical values of NN's Total Assets and Intangible 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 Assets of NN Inc are associated (or correlated) with its Intangible Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Intangible Assets has no effect on the direction of Total Assets i.e., NN's Total Assets and Intangible Assets go up and down completely randomly.
Correlation Coefficient | 0.96 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Total Assets
Total assets refers to the total amount of NN assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in NN Inc books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.Intangible Assets
Non-physical assets possessed by a company, such as patents, trademarks, and copyrights, which provide long-term value.Most indicators from NN's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into NN Inc 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 NN Inc. 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 labor statistics. At this time, NN's Tax Provision is relatively stable compared to the past year. As of 06/06/2024, Enterprise Value Over EBITDA is likely to grow to 16.32, while Discontinued Operations is likely to drop slightly above 1 M.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 11.2M | 15.0M | 24.3M | 14.4M | Depreciation And Amortization | 46.2M | 47.2M | 46.1M | 28.3M |
NN fundamental ratios Correlations
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NN Account Relationship Matchups
High Positive Relationship
High Negative Relationship
NN fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 1.5B | 625.0M | 579.1M | 546.1M | 510.9M | 504.9M | |
Short Long Term Debt Total | 850.2M | 143.8M | 211.1M | 209.4M | 212.8M | 209.8M | |
Other Current Liab | 24.9M | 31.3M | 8.7M | 24.3M | 23.9M | 25.1M | |
Total Current Liabilities | 139.5M | 103.2M | 74.0M | 78.8M | 81.6M | 73.5M | |
Total Stockholder Equity | 353.3M | 254.2M | 224.2M | 251.0M | 202.8M | 166.4M | |
Property Plant And Equipment Net | 440.0M | 274.0M | 255.5M | 244.4M | 229.2M | 172.4M | |
Net Debt | 818.5M | 95.6M | 182.5M | 196.6M | 190.9M | 175.8M | |
Retained Earnings | (105.3M) | (205.9M) | (219.1M) | (245.2M) | (295.3M) | (280.6M) | |
Accounts Payable | 57.3M | 37.4M | 36.7M | 45.9M | 45.5M | 39.4M | |
Non Current Assets Total | 1.2B | 409.7M | 382.8M | 354.4M | 328.3M | 353.2M | |
Non Currrent Assets Other | (36.3M) | (52.5M) | 4.2M | 5.3M | 7.0M | 7.4M | |
Net Receivables | 137.5M | 93.4M | 83.2M | 86.3M | 77.4M | 67.5M | |
Common Stock Shares Outstanding | 42.0M | 42.2M | 44.0M | 44.7M | 46.7M | 24.6M | |
Liabilities And Stockholders Equity | 1.5B | 625.0M | 579.1M | 546.1M | 510.9M | 503.8M | |
Non Current Liabilities Total | 1.0B | 267.6M | 280.9M | 216.4M | 226.5M | 261.1M | |
Inventory | 118.7M | 62.5M | 75.0M | 80.7M | 71.6M | 55.0M | |
Other Current Assets | 15.0M | 11.1M | 9.4M | 9.1M | 11.7M | 8.9M | |
Other Stockholder Equity | 409.7M | 388.2M | 421.0M | 468.1M | 457.6M | 480.5M | |
Total Liab | 1.2B | 370.8M | 354.9M | 295.2M | 308.1M | 334.5M | |
Property Plant And Equipment Gross | 440.0M | 274.0M | 453.5M | 244.4M | 483.2M | 507.3M | |
Total Current Assets | 303.0M | 215.2M | 196.3M | 191.7M | 182.6M | 151.6M | |
Accumulated Other Comprehensive Income | (44.6M) | (33.7M) | (31.9M) | (37.1M) | (37.8M) | (35.9M) | |
Short Term Debt | 25.8M | 9.7M | 8.8M | 8.6M | 11.7M | 10.4M | |
Cash | 31.7M | 48.1M | 28.7M | 12.8M | 21.9M | 22.7M | |
Cash And Short Term Investments | 31.7M | 48.1M | 28.7M | 12.8M | 21.9M | 22.7M | |
Common Stock Total Equity | 423K | 427K | 430K | 439K | 504.9K | 256.9K | |
Intangible Assets | 329.3M | 103.1M | 88.7M | 72.9M | 58.7M | 93.8M | |
Common Stock | 423K | 427K | 430K | 439K | 473K | 266.8K | |
Other Liab | 111.2M | 16.5M | 24.7M | 8.8M | 10.1M | 9.6M | |
Other Assets | 8.9M | 83.0M | 4.5M | 4.4M | 5.0M | 4.8M | |
Long Term Debt | 757.4M | 79.0M | 151.1M | 149.4M | 149.4M | 264.0M | |
Property Plant Equipment | 374.5M | 274.0M | 255.5M | 244.4M | 281.0M | 210.6M | |
Current Deferred Revenue | 31.5M | 24.9M | 19.8M | 524K | 602.6K | 572.5K | |
Net Tangible Assets | (322.1M) | 151.1M | 278.0M | 251.0M | 288.6M | 303.0M | |
Retained Earnings Total Equity | (105.3M) | (205.9M) | (219.1M) | (245.2M) | (220.7M) | (209.6M) | |
Long Term Debt Total | 757.4M | 79.0M | 151.1M | 149.4M | 171.8M | 163.2M | |
Capital Surpluse | 501.6M | 493.3M | 474.8M | 468.1M | 538.4M | 328.0M |
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