Natural Non Current Assets Total vs Net Receivables Analysis

NRP Stock

USD 96.63 2.79 2.97%

Natural Resource financial indicator trend analysis is infinitely more than just investigating Natural Resource Partners recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Natural Resource Partners is a good investment. Please check the relationship between Natural Resource Non Current Assets Total and its Net Receivables accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Natural Resource Partners. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

Non Current Assets Total vs Net Receivables

Non Current Assets Total vs Net Receivables Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Natural Resource Partners Non Current Assets Total account and Net Receivables. At this time, the significance of the direction appears to have strong relationship.

The correlation between Natural Resource's Non Current Assets Total and Net Receivables is 0.71. Overlapping area represents the amount of variation of Non Current Assets Total that can explain the historical movement of Net Receivables in the same time period over historical financial statements of Natural Resource Partners, assuming nothing else is changed. The correlation between historical values of Natural Resource's Non Current Assets Total and Net Receivables is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Current Assets Total of Natural Resource Partners are associated (or correlated) with its Net Receivables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Receivables has no effect on the direction of Non Current Assets Total i.e., Natural Resource's Non Current Assets Total and Net Receivables go up and down completely randomly.

Correlation Coefficient

0.71

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Non Current Assets Total

The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.

Net Receivables

Most indicators from Natural Resource's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Natural Resource Partners 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 Natural Resource Partners. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

At this time, Natural Resource's Discontinued Operations is relatively stable compared to the past year. As of 09/20/2024, Sales General And Administrative To Revenue is likely to grow to 0.09, while Enterprise Value Multiple is likely to drop 4.04.

	2021	2022	2023	2024 (projected)
Gross Profit	175.2M	305.6M	275.2M	226.0M
Total Revenue	194.2M	328.1M	293.7M	255.0M

Gross Profit Total Revenue

Natural Resource fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Accounts Payable	Cash	Other Assets	Long Term Debt	Short Term Investments	Other Current Assets	Total Liab	Property Plant Equipment	Short Long Term Debt Total	Net Debt	Common Stock Shares Outstanding	Non Current Liabilities Total	Property Plant And Equipment Net	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Other Stockholder Equity	Total Current Assets	Common Stock	Current Deferred Revenue
Total Assets		-0.76	0.72	0.52	0.81	0.69	0.33	0.29	0.89	-0.5	0.16	0.9	0.96	0.88	0.86	-0.17	0.91	0.89	0.95	-0.71	0.32	0.63	-0.08	0.52	0.36	0.81
Other Current Liab	-0.76		-0.35	-0.65	-0.68	-0.59	-0.34	-0.25	-0.74	0.76	0.19	-0.73	-0.85	-0.72	-0.69	0.34	-0.76	-0.9	-0.81	0.66	-0.33	-0.48	-0.03	-0.34	-0.42	-0.99
Total Current Liabilities	0.72	-0.35		0.19	0.64	0.58	0.0	0.24	0.77	-0.4	0.45	0.8	0.65	0.8	0.82	0.07	0.74	0.61	0.68	-0.81	-0.01	0.6	-0.38	0.35	0.24	0.47
Total Stockholder Equity	0.52	-0.65	0.19		0.33	0.4	0.29	-0.35	0.32	-0.25	0.07	0.34	0.66	0.31	0.28	-0.08	0.37	0.64	0.62	-0.4	0.28	0.54	0.34	0.38	0.59	0.61
Other Liab	0.81	-0.68	0.64	0.33		0.58	0.1	0.22	0.9	-0.63	-0.06	0.9	0.83	0.89	0.9	-0.19	0.89	0.77	0.81	-0.71	0.09	0.66	-0.13	0.25	0.14	0.76
Accounts Payable	0.69	-0.59	0.58	0.4	0.58		-0.1	0.15	0.71	-0.42	0.05	0.72	0.71	0.71	0.74	-0.13	0.71	0.75	0.81	-0.78	-0.1	0.64	-0.38	0.09	0.59	0.64
Cash	0.33	-0.34	0.0	0.29	0.1	-0.1		0.38	0.26	-0.1	0.12	0.23	0.29	0.25	0.12	0.09	0.32	0.38	0.23	0.08	1.0	-0.13	-0.01	0.88	-0.11	0.29
Other Assets	0.29	-0.25	0.24	-0.35	0.22	0.15	0.38		0.46	-0.38	0.12	0.42	0.14	0.46	0.42	-0.22	0.45	0.29	0.15	-0.19	0.38	-0.26	-0.43	0.34	-0.28	0.29
Long Term Debt	0.89	-0.74	0.77	0.32	0.9	0.71	0.26	0.46		-0.71	0.11	1.0	0.86	1.0	0.99	-0.19	0.99	0.9	0.86	-0.81	0.26	0.62	-0.31	0.45	0.21	0.83
Short Term Investments	-0.5	0.76	-0.4	-0.25	-0.63	-0.42	-0.1	-0.38	-0.71		0.15	-0.7	-0.57	-0.7	-0.71	0.53	-0.7	-0.72	-0.52	0.61	-0.11	-0.32	0.05	-0.14	0.0	-0.8
Other Current Assets	0.16	0.19	0.45	0.07	-0.06	0.05	0.12	0.12	0.11	0.15		0.12	0.05	0.14	0.13	0.15	0.08	0.08	0.07	-0.27	0.11	0.02	-0.26	0.5	0.13	-0.13
Total Liab	0.9	-0.73	0.8	0.34	0.9	0.72	0.23	0.42	1.0	-0.7	0.12		0.87	1.0	0.99	-0.17	0.99	0.89	0.87	-0.83	0.23	0.65	-0.3	0.44	0.23	0.82
Property Plant Equipment	0.96	-0.85	0.65	0.66	0.83	0.71	0.29	0.14	0.86	-0.57	0.05	0.87		0.85	0.83	-0.22	0.88	0.94	0.98	-0.75	0.29	0.71	-0.02	0.45	0.44	0.88
Short Long Term Debt Total	0.88	-0.72	0.8	0.31	0.89	0.71	0.25	0.46	1.0	-0.7	0.14	1.0	0.85		0.99	-0.17	0.99	0.89	0.85	-0.82	0.24	0.62	-0.33	0.45	0.21	0.81
Net Debt	0.86	-0.69	0.82	0.28	0.9	0.74	0.12	0.42	0.99	-0.71	0.13	0.99	0.83	0.99		-0.19	0.97	0.86	0.84	-0.85	0.12	0.65	-0.34	0.35	0.23	0.79
Common Stock Shares Outstanding	-0.17	0.34	0.07	-0.08	-0.19	-0.13	0.09	-0.22	-0.19	0.53	0.15	-0.17	-0.22	-0.17	-0.19		-0.19	-0.3	-0.2	0.08	0.08	0.18	-0.16	0.16	0.06	-0.31
Non Current Liabilities Total	0.91	-0.76	0.74	0.37	0.89	0.71	0.32	0.45	0.99	-0.7	0.08	0.99	0.88	0.99	0.97	-0.19		0.91	0.88	-0.76	0.31	0.62	-0.24	0.48	0.2	0.84
Property Plant And Equipment Net	0.89	-0.9	0.61	0.64	0.77	0.75	0.38	0.29	0.9	-0.72	0.08	0.89	0.94	0.89	0.86	-0.3	0.91		0.93	-0.79	0.37	0.61	-0.17	0.51	0.44	0.93
Non Current Assets Total	0.95	-0.81	0.68	0.62	0.81	0.81	0.23	0.15	0.86	-0.52	0.07	0.87	0.98	0.85	0.84	-0.2	0.88	0.93		-0.78	0.22	0.71	-0.12	0.4	0.49	0.85
Non Currrent Assets Other	-0.71	0.66	-0.81	-0.4	-0.71	-0.78	0.08	-0.19	-0.81	0.61	-0.27	-0.83	-0.75	-0.82	-0.85	0.08	-0.76	-0.79	-0.78		0.08	-0.64	0.48	-0.21	-0.57	-0.74
Cash And Short Term Investments	0.32	-0.33	-0.01	0.28	0.09	-0.1	1.0	0.38	0.26	-0.11	0.11	0.23	0.29	0.24	0.12	0.08	0.31	0.37	0.22	0.08		-0.14	-0.01	0.88	-0.11	0.29
Net Receivables	0.63	-0.48	0.6	0.54	0.66	0.64	-0.13	-0.26	0.62	-0.32	0.02	0.65	0.71	0.62	0.65	0.18	0.62	0.61	0.71	-0.64	-0.14		0.08	0.14	0.36	0.56
Other Stockholder Equity	-0.08	-0.03	-0.38	0.34	-0.13	-0.38	-0.01	-0.43	-0.31	0.05	-0.26	-0.3	-0.02	-0.33	-0.34	-0.16	-0.24	-0.17	-0.12	0.48	-0.01	0.08		-0.1	-0.29	-0.02
Total Current Assets	0.52	-0.34	0.35	0.38	0.25	0.09	0.88	0.34	0.45	-0.14	0.5	0.44	0.45	0.45	0.35	0.16	0.48	0.51	0.4	-0.21	0.88	0.14	-0.1		0.0	0.35
Common Stock	0.36	-0.42	0.24	0.59	0.14	0.59	-0.11	-0.28	0.21	0.0	0.13	0.23	0.44	0.21	0.23	0.06	0.2	0.44	0.49	-0.57	-0.11	0.36	-0.29	0.0		0.38
Current Deferred Revenue	0.81	-0.99	0.47	0.61	0.76	0.64	0.29	0.29	0.83	-0.8	-0.13	0.82	0.88	0.81	0.79	-0.31	0.84	0.93	0.85	-0.74	0.29	0.56	-0.02	0.35	0.38

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Natural Resource Account Relationship Matchups

Natural Resource fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.1B	921.9M	953.8M	235.1M	797.9M	1.2B
Other Current Liab	11.1M	9.4M	11.5M	12.9M	13.6M	14.2M
Total Current Liabilities	62.7M	61.4M	64.4M	60.2M	49.8M	74.1M
Total Stockholder Equity	(2.6M)	322K	3.2M	404.8M	578.2M	323.5M
Other Liab	48.7M	51.7M	55.1M	42.2M	48.5M	82.6M
Accounts Payable	1.2M	1.4M	2.0M	2.0M	885K	840.8K
Cash	98.3M	99.8M	135.5M	39.1M	12.0M	11.4M
Other Assets	40.5M	787.2M	33.7M	(609.5M)	(701.0M)	(665.9M)
Long Term Debt	470.4M	432.4M	394.4M	129.2M	124.3M	118.1M
Other Current Assets	3.0M	5.1M	2.7M	1.8M	2.2M	2.1M
Total Liab	585.3M	549.0M	513.9M	235.1M	266.8M	253.5M
Property Plant Equipment	629.1M	487.9M	461.7M	436.3M	501.8M	932.9M
Short Long Term Debt Total	516.2M	471.5M	433.5M	168.3M	155.1M	147.3M
Net Debt	417.9M	371.7M	298.0M	129.2M	143.1M	135.9M
Common Stock Shares Outstanding	12.3M	12.3M	22.2M	19.7M	16.1M	11.0M
Liabilities And Stockholders Equity	582.4M	549.0M	513.9M	235.1M	266.8M	253.5M
Non Current Liabilities Total	522.6M	487.6M	449.5M	129.2M	217.0M	206.1M
Property Plant And Equipment Net	629.1M	484.4M	461.7M	439.8M	418.5M	397.6M
Non Current Assets Total	953.8M	804.7M	791.0M	761.0M	742.6M	1.2B
Non Currrent Assets Other	7.0M	7.1M	5.8M	(761.0M)	7.5M	7.9M
Cash And Short Term Investments	98.3M	99.8M	135.5M	39.1M	12.0M	11.4M
Net Receivables	30.9M	12.3M	24.5M	42.7M	41.1M	35.4M
Other Stockholder Equity	2.6M	(322K)	(3.2M)	(18.7M)	581.4M	610.4M
Total Current Assets	132.1M	117.2M	162.8M	83.6M	55.3M	52.5M
Accumulated Other Comprehensive Income	(2.6M)	322K	3.2M	18.7M	(3.1M)	(3.0M)
Common Stock	271.5M	136.9M	203.1M	404.8M	503.1M	266.0M
Current Deferred Revenue	4.6M	11.5M	11.8M	6.3M	4.6M	4.4M
Short Term Debt	45.8M	39.1M	39.1M	39.1M	30.8M	53.7M
Intangible Assets	17.7M	17.5M	16.1M	14.7M	13.7M	13.0M
Net Tangible Assets	485.9M	186.6M	423.8M	627.3M	564.6M	355.2M
Retained Earnings	(438.7M)	(304.9M)	(383.8M)	(164.6M)	(550.3M)	(522.7M)
Long Term Debt Total	470.4M	432.4M	394.4M	129.2M	116.3M	110.5M
Deferred Long Term Liab	49.0M	47.2M	50.1M	50.0M	45.0M	81.8M
Long Term Investments	300.0M	262.5M	307.4M	335.4M	276.5M	307.4M
Non Current Liabilities Other	4.9M	5.1M	5.0M	5.5M	7.2M	7.9M
Short Long Term Debt	45.8M	39.1M	39.1M	39.1M	30.8M	55.1M
Cash And Equivalents	98.3M	99.8M	135.5M	39.1M	45.0M	85.6M

Pair Trading with Natural Resource

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Natural Resource position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Natural Resource will appreciate offsetting losses from the drop in the long position's value.

The ability to find closely correlated positions to Natural Resource could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Natural Resource when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Natural Resource - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Natural Resource Partners to buy it.

The correlation of Natural Resource is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Natural Resource moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Natural Resource Partners moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Natural Resource can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

Additional Tools for Natural Stock Analysis

When running Natural Resource's price analysis, check to measure Natural Resource'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 Natural Resource is operating at the current time. Most of Natural Resource's value examination focuses on studying past and present price action to predict the probability of Natural Resource's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Natural Resource's price. Additionally, you may evaluate how the addition of Natural Resource to your portfolios can decrease your overall portfolio volatility.

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Natural Non Current Assets Total vs Net Receivables Analysis

Non Current Assets Total vs Net Receivables

Non Current Assets Total vs Net Receivables Correlation Analysis

Correlation Coefficient

Non Current Assets Total

Net Receivables

Natural Resource fundamental ratios Correlations

Natural Resource Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Natural Resource fundamental ratios Accounts

Pair Trading with Natural Resource

Additional Tools for Natural Stock Analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 1.0	Cash
Total Liab	+ 1.0	Long Term Debt
Short Long Term Debt Total	+ 1.0	Long Term Debt
Short Long Term Debt Total	+ 1.0	Total Liab
Net Debt	+ 0.99	Long Term Debt
Non Current Liabilities Total	+ 0.99	Long Term Debt

Current Deferred Revenue	- 0.99	Other Current Liab
Property Plant And Equipment Net	- 0.9	Other Current Liab
Non Currrent Assets Other	- 0.85	Net Debt
Property Plant Equipment	- 0.85	Other Current Liab
Non Currrent Assets Other	- 0.83	Total Liab
Non Currrent Assets Other	- 0.82	Short Long Term Debt Total