Nn Inc Stock Current Ratio

NNBR Stock  USD 4.75  0.09  1.86%   
NN Inc fundamentals help investors to digest information that contributes to NN's financial success or failures. It also enables traders to predict the movement of NN Stock. The fundamental analysis module provides a way to measure NN's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to NN stock.
As of 03/28/2024, Current Ratio is likely to grow to 2.44.
  
This module does not cover all equities due to inconsistencies in global equity categorizations. Continue to Equity Screeners to view more equity screening tools.

NN Current Ratio Analysis

NN's Current Ratio is calculated by dividing the Current Assets of a company by its Current Liabilities. It measures whether or not a company has enough cash or liquid assets to pay its current liability over the next fiscal year. The ratio is regarded as a test of liquidity for a company.

NN Current Ratio

2.44

Current Ratio

 = 

Current Asset

Current Liabilities

More About Current Ratio | All Equity Analysis

Current NN Current Ratio

    
  2.45 X  
Most of NN's fundamental indicators, such as Current Ratio, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, NN Inc is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

NN Current Ratio Driver Correlations

Understanding the fundamental principles of building solid financial models for NN is extremely important. It helps to project a fair market value of NN Stock properly, considering its historical fundamentals such as Current Ratio. Since NN's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of NN's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of NN's interrelated accounts and indicators.
0.540.920.810.240.750.950.840.480.990.890.840.960.370.940.250.970.860.75-0.850.970.470.75-0.130.150.26-0.04-0.24
0.540.570.44-0.470.490.60.520.770.520.510.530.530.680.350.340.420.780.26-0.20.390.750.24-0.47-0.42-0.48-0.610.39
0.920.570.730.150.640.940.810.590.860.950.740.860.510.80.190.830.790.6-0.660.830.590.62-0.150.020.07-0.19-0.16
0.810.440.730.150.520.690.840.410.80.680.790.820.350.75-0.280.780.70.57-0.690.780.420.54-0.360.290.24-0.13-0.18
0.24-0.470.150.150.270.210.26-0.690.270.30.170.13-0.70.330.060.35-0.190.43-0.560.39-0.680.50.550.710.920.92-0.74
0.750.490.640.520.270.820.780.250.760.680.760.630.150.680.330.730.720.64-0.660.730.20.730.060.160.290.12-0.18
0.950.60.940.690.210.820.820.50.930.940.80.860.420.840.330.880.850.73-0.730.880.50.68-0.070.040.16-0.08-0.21
0.840.520.810.840.260.780.820.380.820.810.810.780.290.760.030.80.750.66-0.70.80.360.75-0.120.220.25-0.01-0.19
0.480.770.590.41-0.690.250.50.380.430.430.410.540.890.350.080.360.720.05-0.050.320.950.12-0.54-0.55-0.67-0.860.53
0.990.520.860.80.270.760.930.820.430.840.840.960.320.960.260.980.850.77-0.890.980.420.76-0.130.190.310.0-0.26
0.890.510.950.680.30.680.940.810.430.840.70.760.350.730.190.820.730.63-0.630.820.420.630.040.030.16-0.02-0.19
0.840.530.740.790.170.760.80.810.410.840.70.820.330.740.070.80.810.66-0.710.80.40.59-0.420.390.29-0.12-0.19
0.960.530.860.820.130.630.860.780.540.960.760.820.420.960.210.940.840.69-0.860.940.530.71-0.30.190.23-0.15-0.21
0.370.680.510.35-0.70.150.420.290.890.320.350.330.420.240.090.20.690.10.020.20.98-0.04-0.5-0.53-0.67-0.880.35
0.940.350.80.750.330.680.840.760.350.960.730.740.960.240.270.960.740.74-0.940.970.340.81-0.060.260.410.09-0.34
0.250.340.19-0.280.060.330.330.030.080.260.190.070.210.090.270.20.310.43-0.280.210.130.30.17-0.2-0.010.05-0.19
0.970.420.830.780.350.730.880.80.360.980.820.80.940.20.960.20.760.68-0.911.00.320.82-0.040.250.390.11-0.25
0.860.780.790.7-0.190.720.850.750.720.850.730.810.840.690.740.310.760.63-0.580.760.750.55-0.33-0.15-0.13-0.420.03
0.750.260.60.570.430.640.730.660.050.770.630.660.690.10.740.430.680.63-0.770.70.150.6-0.030.310.450.2-0.64
-0.85-0.2-0.66-0.69-0.56-0.66-0.73-0.7-0.05-0.89-0.63-0.71-0.860.02-0.94-0.28-0.91-0.58-0.77-0.92-0.07-0.82-0.02-0.51-0.66-0.350.55
0.970.390.830.780.390.730.880.80.320.980.820.80.940.20.970.211.00.760.7-0.920.30.83-0.010.280.430.14-0.3
0.470.750.590.42-0.680.20.50.360.950.420.420.40.530.980.340.130.320.750.15-0.070.30.05-0.53-0.53-0.65-0.870.39
0.750.240.620.540.50.730.680.750.120.760.630.590.71-0.040.810.30.820.550.6-0.820.830.050.290.280.480.35-0.34
-0.13-0.47-0.15-0.360.550.06-0.07-0.12-0.54-0.130.04-0.42-0.3-0.5-0.060.17-0.04-0.33-0.03-0.02-0.01-0.530.29-0.070.320.69-0.26
0.15-0.420.020.290.710.160.040.22-0.550.190.030.390.19-0.530.26-0.20.25-0.150.31-0.510.28-0.530.28-0.070.880.6-0.65
0.26-0.480.070.240.920.290.160.25-0.670.310.160.290.23-0.670.41-0.010.39-0.130.45-0.660.43-0.650.480.320.880.86-0.76
-0.04-0.61-0.19-0.130.920.12-0.08-0.01-0.860.0-0.02-0.12-0.15-0.880.090.050.11-0.420.2-0.350.14-0.870.350.690.60.86-0.6
-0.240.39-0.16-0.18-0.74-0.18-0.21-0.190.53-0.26-0.19-0.19-0.210.35-0.34-0.19-0.250.03-0.640.55-0.30.39-0.34-0.26-0.65-0.76-0.6
Click cells to compare fundamentals

NN Current Ratio Historical Pattern

Today, most investors in NN Stock are looking for potential investment opportunities by analyzing not only static indicators but also various NN's growth ratios. Consistent increases or drops in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's current ratio growth rates may not be enough to decide which company is a better investment. That's why investors frequently use a static breakdown of NN current ratio as a starting point in their analysis.
   NN Current Ratio   
       Timeline  
Typically, short-term creditors will prefer a high current ratio because it reduces their overall risk. However, investors may prefer a lower current ratio since they are more concerned about growing the business using assets of the company. Acceptable current ratios may vary from one sector to another, but the generally accepted benchmark is to have current assets at least as twice as current liabilities (i.e., Current Ration of 2 to 1).
Competition

NN Discontinued Operations

Discontinued Operations

1.03 Million

At this time, NN's Discontinued Operations is relatively stable compared to the past year.
In accordance with the recently published financial statements, NN Inc has a Current Ratio of 2.45 times. This is 18.93% higher than that of the Machinery sector and 62.48% lower than that of the Industrials industry. The current ratio for all United States stocks is 13.43% lower than that of the firm.

NN Current Ratio Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses NN's direct or indirect competition against its Current Ratio to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of NN could also be used in its relative valuation, which is a method of valuing NN by comparing valuation metrics of similar companies.
NN is currently under evaluation in current ratio category among related companies.

NN Fundamentals

About NN Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze NN Inc's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of NN using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of NN Inc based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Last ReportedProjected for 2024
Current Ratio 2.24  2.44 
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards NN in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, NN's short interest history, or implied volatility extrapolated from NN options trading.

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.

Try AI Portfolio Architect
When determining whether NN Inc is a strong investment it is important to analyze NN'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 NN's future performance. For an informed investment choice regarding NN Stock, refer to the following important reports:
Check out NN Piotroski F Score and NN Altman Z Score analysis.
Note that the NN Inc information on this page should be used as a complementary analysis to other NN's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .

Complementary Tools for NN Stock analysis

When running NN's price analysis, check to measure NN's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy NN is operating at the current time. Most of NN's value examination focuses on studying past and present price action to predict the probability of NN's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NN's price. Additionally, you may evaluate how the addition of NN to your portfolios can decrease your overall portfolio volatility.
Bollinger Bands
Use Bollinger Bands indicator to analyze target price for a given investing horizon
Portfolio Suggestion
Get suggestions outside of your existing asset allocation including your own model portfolios
Cryptocurrency Center
Build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency
Price Exposure Probability
Analyze equity upside and downside potential for a given time horizon across multiple markets
Content Syndication
Quickly integrate customizable finance content to your own investment portal
Performance Analysis
Check effects of mean-variance optimization against your current asset allocation
Transaction History
View history of all your transactions and understand their impact on performance
Premium Stories
Follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope
Is NN's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of NN. If investors know NN will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about NN listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(1.35)
Revenue Per Share
10.468
Quarterly Revenue Growth
(0.05)
Return On Assets
(0.03)
Return On Equity
(0.21)
The market value of NN Inc is measured differently than its book value, which is the value of NN that is recorded on the company's balance sheet. Investors also form their own opinion of NN's value that differs from its market value or its book value, called intrinsic value, which is NN's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because NN's market value can be influenced by many factors that don't directly affect NN's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between NN's value and its price as these two are different measures arrived at by different means. Investors typically determine if NN is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, NN'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.