National Cash And Short Term Investments vs Total Assets Analysis
FIZZ Stock | USD 47.37 0.01 0.02% |
National Beverage financial indicator trend analysis is infinitely more than just investigating National Beverage Corp recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether National Beverage Corp is a good investment. Please check the relationship between National Beverage Cash And Short Term Investments and its Total Assets accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in National Beverage Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as various price indices.
Cash And Short Term Investments vs Total Assets
Cash And Short Term Investments vs Total Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of National Beverage Corp Cash And Short Term Investments account and Total Assets. At this time, the significance of the direction appears to have very strong relationship.
The correlation between National Beverage's Cash And Short Term Investments and Total Assets is 0.87. Overlapping area represents the amount of variation of Cash And Short Term Investments that can explain the historical movement of Total Assets in the same time period over historical financial statements of National Beverage Corp, assuming nothing else is changed. The correlation between historical values of National Beverage's Cash And Short Term Investments and Total 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 Cash And Short Term Investments of National Beverage Corp are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Cash And Short Term Investments i.e., National Beverage's Cash And Short Term Investments and Total Assets go up and down completely randomly.
Correlation Coefficient | 0.87 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Cash And Short Term Investments
Short Term Investments is an account in the current assets section of National Beverage Corp balance sheet. This account contains National Beverage investments that will expire within one year. These investments include stocks and bonds that can be liquidated by National Beverage Corp fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.Total Assets
Total assets refers to the total amount of National Beverage 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 National Beverage Corp 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.Most indicators from National Beverage's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into National Beverage Corp 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in National Beverage Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as various price indices. At this time, National Beverage's Sales General And Administrative To Revenue is fairly stable compared to the past year. Enterprise Value Over EBITDA is likely to rise to 18.08 in 2024, whereas Selling General Administrative is likely to drop slightly above 87.7 M in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 417.8M | 396.8M | 169.9M | 227.1M | Total Revenue | 1.1B | 1.2B | 575.2M | 667.6M |
National Beverage fundamental ratios Correlations
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National Beverage Account Relationship Matchups
High Positive Relationship
High Negative Relationship
National Beverage fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 648.6M | 557.2M | 467.8M | 574.3M | 265.7M | 295.1M | |
Other Current Liab | 50.3M | 43.6M | 39.5M | 47.3M | 17.2M | 25.7M | |
Total Current Liabilities | 141.7M | 147.2M | 145.3M | 144.3M | 68.5M | 81.8M | |
Total Stockholder Equity | 452.3M | 356.0M | 239.4M | 372.5M | 170.0M | 168.4M | |
Property Plant And Equipment Net | 168.5M | 172.7M | 173.5M | 187.9M | 56.1M | 80.7M | |
Net Debt | (255.4M) | (150.0M) | 13.2M | (116.5M) | (84.1M) | (79.9M) | |
Retained Earnings | 443.4M | 337.7M | 216.2M | 358.3M | 160.2M | 158.1M | |
Accounts Payable | 74.4M | 88.8M | 95.3M | 85.1M | 48M | 52.9M | |
Cash | 304.5M | 193.6M | 48.1M | 158.1M | 84.1M | 76.8M | |
Non Current Assets Total | 187.9M | 192.3M | 193.3M | 207.9M | 79.4M | 103.4M | |
Non Currrent Assets Other | 4.7M | 4.8M | 5.0M | 5.2M | (8.2M) | (7.8M) | |
Cash And Short Term Investments | 304.5M | 193.6M | 48.1M | 158.1M | 84.1M | 77.0M | |
Net Receivables | 84.9M | 86.4M | 93.6M | 104.9M | 53.7M | 58.9M | |
Common Stock Shares Outstanding | 93.7M | 93.6M | 93.6M | 93.6M | 92.4M | 101.4M | |
Liabilities And Stockholders Equity | 648.6M | 557.2M | 467.8M | 574.3M | 265.7M | 295.1M | |
Non Current Liabilities Total | 54.6M | 54.0M | 83.0M | 57.5M | 27.2M | 32.7M | |
Inventory | 63.5M | 71.5M | 103.3M | 93.6M | 39.6M | 44.7M | |
Other Current Assets | 7.8M | 13.4M | 29.6M | 9.8M | 8.9M | 9.9M | |
Other Stockholder Equity | 13.7M | 14.1M | 15.2M | 16.2M | 131.0M | 137.5M | |
Total Liab | 196.3M | 201.2M | 228.4M | 201.9M | 95.7M | 126.8M | |
Property Plant And Equipment Gross | 168.5M | 172.7M | 381.9M | 148.4M | 56.1M | 88.6M | |
Total Current Assets | 460.7M | 364.9M | 274.5M | 366.4M | 186.3M | 191.7M | |
Accumulated Other Comprehensive Income | (5.4M) | 3.0M | 6.9M | (3.2M) | (121.8M) | (115.7M) | |
Other Liab | 22.5M | 25.2M | 32.3M | 27.8M | 31.9M | 33.5M | |
Other Assets | 4.7M | 4.8M | 5.0M | 5.2M | 4.7M | 5.0M | |
Property Plant Equipment | 168.5M | 172.7M | 173.5M | 148.4M | 170.7M | 88.2M | |
Current Deferred Revenue | 14.5M | 16.0M | 14.8M | 152K | 3.3M | 5.7M | |
Net Tangible Assets | 442.5M | 346.2M | 229.6M | 357.6M | 411.2M | 261.4M | |
Retained Earnings Total Equity | 307.8M | 313.4M | (443.4M) | 358.3M | 412.1M | 432.7M | |
Capital Surpluse | 36.4M | 37.1M | 37.9M | 40.4M | 36.4M | 30.7M |
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Try AI Portfolio ArchitectCheck out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in National Beverage Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as various price indices. Note that the National Beverage Corp information on this page should be used as a complementary analysis to other National Beverage'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 Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.
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When running National Beverage's price analysis, check to measure National Beverage'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 National Beverage is operating at the current time. Most of National Beverage's value examination focuses on studying past and present price action to predict the probability of National Beverage's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move National Beverage's price. Additionally, you may evaluate how the addition of National Beverage to your portfolios can decrease your overall portfolio volatility.
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Is National Beverage'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 National Beverage. If investors know National 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 National Beverage listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.141 | Earnings Share 1.81 | Revenue Per Share 12.648 | Quarterly Revenue Growth 0.006 | Return On Assets 0.2151 |
The market value of National Beverage Corp is measured differently than its book value, which is the value of National that is recorded on the company's balance sheet. Investors also form their own opinion of National Beverage's value that differs from its market value or its book value, called intrinsic value, which is National Beverage'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 National Beverage's market value can be influenced by many factors that don't directly affect National Beverage'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 National Beverage's value and its price as these two are different measures arrived at by different means. Investors typically determine if National Beverage is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, National Beverage'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.