Natural Non Currrent Assets Other vs Short Long Term Debt Total Analysis

NRP Stock  USD 104.11  3.64  3.38%   
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 Currrent Assets Other and its Short Long Term Debt Total 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 Currrent Assets Other vs Short Long Term Debt Total

Non Currrent Assets Other vs Short Long Term Debt Total Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Natural Resource Partners Non Currrent Assets Other account and Short Long Term Debt Total. At this time, the significance of the direction appears to have pay attention.
The correlation between Natural Resource's Non Currrent Assets Other and Short Long Term Debt Total is -0.82. Overlapping area represents the amount of variation of Non Currrent Assets Other that can explain the historical movement of Short Long Term Debt Total 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 Currrent Assets Other and Short Long Term Debt Total 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 Currrent Assets Other of Natural Resource Partners are associated (or correlated) with its Short Long Term Debt Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Long Term Debt Total has no effect on the direction of Non Currrent Assets Other i.e., Natural Resource's Non Currrent Assets Other and Short Long Term Debt Total go up and down completely randomly.

Correlation Coefficient

-0.82
Relationship DirectionNegative 
Relationship StrengthSignificant

Non Currrent Assets Other

Assets that are not physical or tangible, expected to provide value for more than one year, and not easily converted into cash, such as long-term investments or patents.

Short Long Term Debt Total

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 12/16/2024, Sales General And Administrative To Revenue is likely to grow to 0.09, while Enterprise Value Multiple is likely to drop 4.00.
 2021 2022 2023 2024 (projected)
Gross Profit175.2M305.6M261.3M225.4M
Total Revenue194.2M328.1M293.7M255.0M

Natural Resource fundamental ratios Correlations

-0.760.720.520.810.690.330.290.89-0.50.160.890.960.880.86-0.170.90.920.95-0.710.320.63-0.010.520.360.81
-0.76-0.35-0.65-0.68-0.59-0.34-0.25-0.740.760.19-0.73-0.85-0.72-0.690.34-0.76-0.88-0.810.66-0.33-0.48-0.29-0.34-0.42-0.99
0.72-0.350.190.640.580.00.240.77-0.40.450.80.650.80.820.070.740.60.68-0.81-0.010.6-0.280.350.240.47
0.52-0.650.190.330.40.29-0.350.33-0.260.070.330.660.310.28-0.090.360.670.62-0.40.290.540.230.380.590.61
0.81-0.680.640.330.580.10.220.9-0.63-0.060.90.830.890.9-0.190.880.790.81-0.710.090.66-0.030.250.140.76
0.69-0.590.580.40.58-0.10.150.71-0.420.050.720.710.710.74-0.130.70.740.81-0.78-0.10.64-0.30.090.590.64
0.33-0.340.00.290.1-0.10.380.26-0.10.120.240.290.250.120.090.330.320.230.071.0-0.130.390.88-0.110.29
0.29-0.250.24-0.350.220.150.380.46-0.380.120.440.140.460.42-0.220.470.180.15-0.20.38-0.260.120.34-0.280.29
0.89-0.740.770.330.90.710.260.46-0.710.111.00.861.00.99-0.191.00.850.86-0.810.260.620.00.450.210.83
-0.50.76-0.4-0.26-0.63-0.42-0.1-0.38-0.710.15-0.7-0.57-0.7-0.710.53-0.7-0.65-0.520.61-0.11-0.32-0.35-0.140.0-0.8
0.160.190.450.07-0.060.050.120.120.110.150.120.050.140.130.150.080.050.07-0.270.110.02-0.20.50.13-0.13
0.89-0.730.80.330.90.720.240.441.0-0.70.120.861.00.99-0.170.990.850.86-0.830.240.64-0.020.440.220.82
0.96-0.850.650.660.830.710.290.140.86-0.570.050.860.850.83-0.220.870.980.98-0.750.290.710.040.450.440.88
0.88-0.720.80.310.890.710.250.461.0-0.70.141.00.850.99-0.170.990.840.85-0.820.240.62-0.030.450.210.81
0.86-0.690.820.280.90.740.120.420.99-0.710.130.990.830.99-0.190.970.820.84-0.850.120.65-0.080.350.230.79
-0.170.340.07-0.09-0.19-0.130.09-0.22-0.190.530.15-0.17-0.22-0.17-0.19-0.19-0.35-0.20.080.080.18-0.170.160.06-0.31
0.9-0.760.740.360.880.70.330.471.0-0.70.080.990.870.990.97-0.190.870.87-0.770.320.610.050.490.190.84
0.92-0.880.60.670.790.740.320.180.85-0.650.050.850.980.840.82-0.350.870.97-0.750.310.630.070.450.440.91
0.95-0.810.680.620.810.810.230.150.86-0.520.070.860.980.850.84-0.20.870.97-0.780.220.71-0.060.40.490.85
-0.710.66-0.81-0.4-0.71-0.780.07-0.2-0.810.61-0.27-0.83-0.75-0.82-0.850.08-0.77-0.75-0.780.08-0.640.29-0.21-0.57-0.74
0.32-0.33-0.010.290.09-0.11.00.380.26-0.110.110.240.290.240.120.080.320.310.220.08-0.140.390.88-0.110.29
0.63-0.480.60.540.660.64-0.13-0.260.62-0.320.020.640.710.620.650.180.610.630.71-0.64-0.140.010.140.360.56
-0.01-0.29-0.280.23-0.03-0.30.390.120.0-0.35-0.2-0.020.04-0.03-0.08-0.170.050.07-0.060.290.390.010.27-0.510.26
0.52-0.340.350.380.250.090.880.340.45-0.140.50.440.450.450.350.160.490.450.4-0.210.880.140.270.00.35
0.36-0.420.240.590.140.59-0.11-0.280.210.00.130.220.440.210.230.060.190.440.49-0.57-0.110.36-0.510.00.38
0.81-0.990.470.610.760.640.290.290.83-0.8-0.130.820.880.810.79-0.310.840.910.85-0.740.290.560.260.350.38
Click cells to compare fundamentals

Natural Resource Account Relationship Matchups

Natural Resource fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets1.1B921.9M953.8M235.1M797.9M1.2B
Other Current Liab11.1M9.4M11.5M12.9M13.6M14.2M
Total Current Liabilities62.7M61.4M64.4M60.2M49.8M74.1M
Total Stockholder Equity(2.6M)322K3.2M404.8M570.2M323.2M
Other Liab48.7M51.7M55.1M42.2M48.5M82.6M
Accounts Payable1.2M1.4M2.0M2.0M885K840.8K
Cash98.3M99.8M135.5M39.1M12.0M11.4M
Other Assets40.5M787.2M33.7M(609.5M)(701.0M)(665.9M)
Long Term Debt470.4M432.4M394.4M129.2M124.3M118.1M
Other Current Assets3.0M5.1M2.7M1.8M2.2M2.1M
Total Liab585.3M549.0M513.9M235.1M219.6M208.7M
Property Plant Equipment629.1M487.9M461.7M436.3M501.8M932.9M
Short Long Term Debt Total516.2M471.5M433.5M168.3M155.1M147.3M
Net Debt417.9M371.7M298.0M129.2M143.1M135.9M
Common Stock Shares Outstanding12.3M12.3M22.2M19.7M16.1M11.0M
Liabilities And Stockholders Equity582.4M549.0M513.9M235.1M266.8M253.5M
Non Current Liabilities Total522.6M487.6M449.5M129.2M169.8M161.3M
Property Plant And Equipment Net629.1M484.4M461.7M439.8M422.8M844.5M
Non Current Assets Total953.8M804.7M791.0M761.0M742.6M1.2B
Non Currrent Assets Other7.0M7.1M5.8M(761.0M)29.6M31.0M
Cash And Short Term Investments98.3M99.8M135.5M39.1M12.0M11.4M
Net Receivables30.9M12.3M24.5M42.7M41.1M35.4M
Other Stockholder Equity3.5M2.6M66.8M48.0M23.1M21.9M
Total Current Assets132.1M117.2M162.8M83.6M55.3M52.5M
Accumulated Other Comprehensive Income(2.6M)322K3.2M18.7M(3.1M)(3.0M)
Common Stock271.5M136.9M203.1M404.8M503.1M266.0M
Current Deferred Revenue4.6M11.5M11.8M6.3M4.6M4.4M
Short Term Debt45.8M39.1M39.1M39.1M30.8M53.7M
Intangible Assets17.7M17.5M16.1M14.7M13.7M13.0M
Net Tangible Assets485.9M186.6M423.8M627.3M564.6M355.2M
Retained Earnings(438.7M)(304.9M)(383.8M)(164.6M)(550.3M)(522.7M)
Long Term Debt Total470.4M432.4M394.4M129.2M116.3M110.5M
Deferred Long Term Liab49.0M47.2M50.1M50.0M45.0M81.8M
Long Term Investments300.0M262.5M307.4M335.4M276.5M307.4M
Non Current Liabilities Other4.9M5.1M5.0M5.5M7.2M7.9M
Short Long Term Debt45.8M39.1M39.1M39.1M30.8M55.1M
Cash And Equivalents98.3M99.8M135.5M39.1M45.0M85.6M

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.

Moving together with Natural Stock

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Moving against Natural Stock

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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 CorrelationCorrelation 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.