Quanex Total Current Assets vs Net Debt Analysis
NX Stock | USD 34.93 0.31 0.90% |
Quanex Building financial indicator trend analysis is much more than just breaking down Quanex Building Products prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Quanex Building Products is a good investment. Please check the relationship between Quanex Building Total Current Assets and its Net Debt accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Quanex Building Products. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in interest.
Total Current Assets vs Net Debt
Total Current Assets vs Net Debt Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Quanex Building Products Total Current Assets account and Net Debt. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Quanex Building's Total Current Assets and Net Debt is -0.55. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Net Debt in the same time period over historical financial statements of Quanex Building Products, assuming nothing else is changed. The correlation between historical values of Quanex Building's Total Current 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 Total Current Assets of Quanex Building Products 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 Total Current Assets i.e., Quanex Building's Total Current Assets and Net Debt go up and down completely randomly.
Correlation Coefficient | -0.55 |
Relationship Direction | Negative |
Relationship Strength | Very Weak |
Total Current Assets
The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.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 Quanex Building's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Quanex Building Products 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 Quanex Building Products. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in interest. Enterprise Value is likely to rise to about 737.2 M in 2024, whereas Selling General Administrative is likely to drop slightly above 103.3 M in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 2.6M | 8.1M | 7.3M | 7.0M | Depreciation And Amortization | 41.2M | 42.9M | 49.3M | 56.6M |
Quanex Building fundamental ratios Correlations
Click cells to compare fundamentals
Quanex Building Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Quanex Building fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 691.6M | 717.3M | 724.6M | 831.1M | 955.8M | 795.7M | |
Short Long Term Debt Total | 169.8M | 106.5M | 87.7M | 116.4M | 104.7M | 95.9M | |
Other Current Liab | 44.0M | 61.6M | 52.4M | 50.3M | 57.9M | 40.8M | |
Total Current Liabilities | 130.2M | 158.0M | 139.8M | 134.7M | 121.2M | 113.4M | |
Total Stockholder Equity | 355.8M | 419.8M | 464.8M | 545.6M | 627.4M | 456.1M | |
Property Plant And Equipment Net | 235.9M | 231.3M | 236.4M | 297.3M | 267.6M | 214.6M | |
Net Debt | 118.1M | 66.4M | 32.6M | 57.9M | 52.1M | 50.6M | |
Retained Earnings | 213.5M | 259.7M | 337.5M | 409.3M | 470.7M | 271.9M | |
Accounts Payable | 77.3M | 86.8M | 77.9M | 74.4M | 66.9M | 64.8M | |
Cash | 51.6M | 40.1M | 55.1M | 58.5M | 67.2M | 62.2M | |
Non Current Assets Total | 484.3M | 468.3M | 444.0M | 557.5M | 641.2M | 507.1M | |
Non Currrent Assets Other | 9.1M | 5.3M | (17.6M) | 3.2M | 2.9M | 2.7M | |
Cash And Short Term Investments | 51.6M | 40.1M | 55.1M | 58.5M | 67.2M | 65.8M | |
Net Receivables | 88.3M | 108.3M | 96.0M | 105.6M | 95.0M | 82.0M | |
Good Will | 146.2M | 149.2M | 137.9M | 183.0M | 210.4M | 124.3M | |
Common Stock Shares Outstanding | 32.8M | 33.5M | 33.2M | 33.0M | 38.0M | 38.9M | |
Liabilities And Stockholders Equity | 691.6M | 717.3M | 724.6M | 831.1M | 955.8M | 795.7M | |
Non Current Liabilities Total | 205.6M | 139.5M | 119.9M | 150.9M | 135.8M | 133.6M | |
Inventory | 61.2M | 92.5M | 120.9M | 98.0M | 88.2M | 68.0M | |
Other Current Assets | 6.2M | 8.1M | 8.7M | 11.6M | 13.3M | 13.5M | |
Other Stockholder Equity | 174.9M | 181.5M | 176.4M | 174.0M | 200.1M | 188.7M | |
Total Liab | 335.8M | 297.5M | 259.8M | 285.6M | 257.0M | 247.0M | |
Property Plant And Equipment Gross | 235.9M | 231.3M | 236.4M | 297.3M | 267.6M | 214.6M | |
Total Current Assets | 207.3M | 249.0M | 280.7M | 273.6M | 246.2M | 209.9M | |
Accumulated Other Comprehensive Income | (33.0M) | (21.8M) | (49.4M) | (38.1M) | (34.3M) | (32.6M) | |
Short Term Debt | 8.2M | 9.0M | 8.8M | 9.6M | 8.6M | 8.1M | |
Current Deferred Revenue | 763K | 627K | 792K | 384K | 345.6K | 328.3K | |
Intangible Assets | 93.1M | 82.4M | 65.0M | 74.1M | 85.2M | 85.2M | |
Other Liab | 44.0M | 42.1M | 41.0M | 44.1M | 50.7M | 41.0M | |
Other Assets | 9.1M | 5.3M | 4.7M | 3.2M | 2.9M | 2.7M | |
Long Term Debt | 116.7M | 52.1M | 29.6M | 66.4M | 76.4M | 75.5M | |
Treasury Stock | (76.7M) | (78.6M) | (72.7M) | (75.5M) | (68.0M) | (64.6M) | |
Property Plant Equipment | 184.1M | 178.6M | 180.4M | 297.3M | 341.9M | 193.4M | |
Net Tangible Assets | 116.5M | 188.2M | 261.9M | 288.5M | 259.6M | 139.8M | |
Retained Earnings Total Equity | 185.7M | 213.5M | 259.7M | 337.5M | 388.1M | 246.3M | |
Long Term Debt Total | 156.4M | 116.7M | 52.1M | 29.6M | 34.1M | 32.4M | |
Capital Surpluse | 254.7M | 253.5M | 254.2M | 251.9M | 289.7M | 276.3M | |
Deferred Long Term Liab | 19.4M | 19.1M | 22.0M | 22.3M | 25.6M | 13.3M |
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 Quanex Building 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, Quanex Building's short interest history, or implied volatility extrapolated from Quanex Building options trading.
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Try AI Portfolio ArchitectCheck out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Quanex Building Products. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in interest. You can also try the Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.
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Is Quanex Building'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 Quanex Building. If investors know Quanex 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 Quanex Building 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 2.28 | Dividend Share 0.32 | Earnings Share 2.63 | Revenue Per Share 33.788 | Quarterly Revenue Growth (0.09) |
The market value of Quanex Building Products is measured differently than its book value, which is the value of Quanex that is recorded on the company's balance sheet. Investors also form their own opinion of Quanex Building's value that differs from its market value or its book value, called intrinsic value, which is Quanex Building'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 Quanex Building's market value can be influenced by many factors that don't directly affect Quanex Building'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 Quanex Building's value and its price as these two are different measures arrived at by different means. Investors typically determine if Quanex Building is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Quanex Building'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.