NODK Net Tangible Assets vs Net Debt Analysis
NODK Stock | USD 14.97 0.12 0.81% |
NI Holdings financial indicator trend analysis is infinitely more than just investigating NI Holdings recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether NI Holdings is a good investment. Please check the relationship between NI Holdings Net Tangible Assets and its Net Debt accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NI Holdings. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in unemployment. For more information on how to buy NODK Stock please use our How to buy in NODK Stock guide.
Net Tangible Assets vs Net Debt
Net Tangible Assets vs Net Debt Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of NI Holdings Net Tangible Assets account and Net Debt. At this time, the significance of the direction appears to have pay attention.
The correlation between NI Holdings' Net Tangible Assets and Net Debt is -0.91. Overlapping area represents the amount of variation of Net Tangible Assets that can explain the historical movement of Net Debt in the same time period over historical financial statements of NI Holdings, assuming nothing else is changed. The correlation between historical values of NI Holdings' Net Tangible Assets and Net Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Tangible Assets of NI Holdings are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Net Tangible Assets i.e., NI Holdings' Net Tangible Assets and Net Debt go up and down completely randomly.
Correlation Coefficient | -0.91 |
Relationship Direction | Negative |
Relationship Strength | Significant |
Net Tangible Assets
The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.Net Debt
The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.Most indicators from NI Holdings' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into NI Holdings 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 NI Holdings. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in unemployment. For more information on how to buy NODK Stock please use our How to buy in NODK Stock guide.At this time, NI Holdings' Selling General Administrative is quite stable compared to the past year. Enterprise Value Over EBITDA is expected to rise to 224.28 this year, although the value of Tax Provision will most likely fall to about 914.9 K.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 324.0M | 324.4M | 365.7M | 268.5M | Total Revenue | 324.0M | 324.4M | 365.7M | 268.5M |
NI Holdings fundamental ratios Correlations
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NI Holdings Account Relationship Matchups
High Positive Relationship
High Negative Relationship
NI Holdings fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 508.2M | 617.6M | 651.8M | 614.2M | 615.7M | 509.0M | |
Other Current Liab | (170K) | 1.0M | (326K) | 13.6M | 191.4M | 201.0M | |
Total Current Liabilities | 170K | 1.0M | 326K | 14.0M | 191.9M | 201.5M | |
Total Stockholder Equity | 306.3M | 344.3M | 343.2M | 251.0M | 247.6M | 269.1M | |
Other Liab | 711K | 4.6M | 133.8M | 23.5M | 21.1M | 38.2M | |
Net Tangible Assets | 303.4M | 326.1M | 325.5M | 233.7M | 268.8M | 260.0M | |
Property Plant And Equipment Net | 7.7M | 9.9M | 9.9M | 9.8M | 9.9M | 8.2M | |
Net Debt | (62.1M) | (101.1M) | (70.6M) | (45.2M) | (54.6M) | (57.4M) | |
Retained Earnings | 218.5M | 258.7M | 267.2M | 214.1M | 208.4M | 208.6M | |
Accounts Payable | 170K | 15.6M | 326K | 22.1M | 25.4M | 15.4M | |
Cash | 62.1M | 101.1M | 70.6M | 47.0M | 56.7M | 53.8M | |
Non Current Assets Total | 366.5M | 418.5M | 469.9M | 36.1M | 451.3M | 319.4M | |
Non Currrent Assets Other | (138K) | (529K) | (861K) | (355.7M) | 411.1M | 431.7M | |
Other Assets | 24.6M | 34.1M | 38.2M | 111.2M | 127.9M | 134.3M | |
Cash And Short Term Investments | 62.1M | 101.1M | 70.6M | 47.0M | 237.7M | 249.6M | |
Net Receivables | 55.0M | 64.0M | 73.0M | 130.8M | 144.5M | 76.0M | |
Common Stock Shares Outstanding | 22.3M | 21.9M | 21.7M | 21.3M | 21.2M | 23.1M | |
Short Term Investments | 303.5M | 355.9M | 2.9M | 2.0M | 9.4M | 9.0M | |
Liabilities And Stockholders Equity | 508.2M | 617.6M | 651.8M | 614.2M | 615.7M | 509.0M | |
Non Current Liabilities Total | 4.6M | 8.8M | 5.5M | 347.1M | 173.4M | 182.0M | |
Other Current Assets | 134.8M | 176.4M | 139.5M | 355.7M | 164.4M | 145.7M | |
Other Stockholder Equity | 82.0M | 72.5M | 70.5M | 65.9M | 61.1M | 60.9M | |
Total Liab | 198.4M | 8.8M | 304.4M | 361.0M | 365.3M | 207.6M | |
Long Term Investments | 355.9M | 395.4M | 369.2M | 323.2M | 375.5M | 323.6M | |
Property Plant And Equipment Gross | 5.9M | 7.0M | 7.7M | 9.9M | 11.4M | 7.0M | |
Total Current Assets | 117.1M | 165.0M | 143.6M | 466.9M | 164.4M | 204.1M | |
Accumulated Other Comprehensive Income | 5.6M | 12.8M | 5.2M | (29.3M) | (22.1M) | (21.0M) | |
Intangible Assets | 15.7M | 8.8M | 8.3M | 7.9M | 7.4M | 8.1M | |
Property Plant Equipment | 7.7M | 9.9M | 9.9M | 9.8M | 11.3M | 7.9M | |
Retained Earnings Total Equity | 218.5M | 258.7M | 267.2M | 214.1M | 246.2M | 197.3M | |
Capital Surpluse | 96.0M | 97.9M | 98.2M | 95.7M | 110.0M | 79.2M | |
Inventory | (134.8M) | (176.4M) | (139.5M) | (66.6M) | (382.2M) | (363.1M) | |
Deferred Long Term Liab | 711K | 4.6M | 8.8M | 5.5M | 6.3M | 3.9M | |
Treasury Stock | (12.3M) | (24.0M) | (26.5M) | (28.8M) | (25.9M) | (24.6M) | |
Non Current Liabilities Other | 182.7M | 244.4M | 280.8M | 339.0M | 389.8M | 198.7M | |
Net Invested Capital | 306.3M | 344.3M | 343.2M | 251.0M | 247.6M | 230.6M |
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Try AI Portfolio ArchitectCheck out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NI Holdings. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in unemployment. For more information on how to buy NODK Stock please use our How to buy in NODK Stock guide.Note that the NI Holdings information on this page should be used as a complementary analysis to other NI Holdings' 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 Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.
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When running NI Holdings' price analysis, check to measure NI Holdings' 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 NI Holdings is operating at the current time. Most of NI Holdings' value examination focuses on studying past and present price action to predict the probability of NI Holdings' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NI Holdings' price. Additionally, you may evaluate how the addition of NI Holdings to your portfolios can decrease your overall portfolio volatility.
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Is NI Holdings' 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 NI Holdings. If investors know NODK 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 NI Holdings 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 6.564 | Earnings Share (0.26) | Revenue Per Share 17.283 | Quarterly Revenue Growth 0.012 | Return On Assets 0.0025 |
The market value of NI Holdings is measured differently than its book value, which is the value of NODK that is recorded on the company's balance sheet. Investors also form their own opinion of NI Holdings' value that differs from its market value or its book value, called intrinsic value, which is NI Holdings' 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 NI Holdings' market value can be influenced by many factors that don't directly affect NI Holdings' 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 NI Holdings' value and its price as these two are different measures arrived at by different means. Investors typically determine if NI Holdings is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, NI Holdings' 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.