NexGen Other Current Assets vs Cash And Short Term Investments Analysis
NXE Stock | CAD 10.68 0.16 1.48% |
NexGen Energy financial indicator trend analysis is infinitely more than just investigating NexGen Energy recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether NexGen Energy is a good investment. Please check the relationship between NexGen Energy Other Current Assets and its Cash And Short Term Investments accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NexGen Energy. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. To learn how to invest in NexGen Stock, please use our How to Invest in NexGen Energy guide.
Other Current Assets vs Cash And Short Term Investments
Other Current Assets vs Cash And Short Term Investments Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of NexGen Energy Other Current Assets account and Cash And Short Term Investments. At this time, the significance of the direction appears to have weak relationship.
The correlation between NexGen Energy's Other Current Assets and Cash And Short Term Investments is 0.32. Overlapping area represents the amount of variation of Other Current Assets that can explain the historical movement of Cash And Short Term Investments in the same time period over historical financial statements of NexGen Energy, assuming nothing else is changed. The correlation between historical values of NexGen Energy's Other Current Assets and Cash And Short Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Current Assets of NexGen Energy are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Other Current Assets i.e., NexGen Energy's Other Current Assets and Cash And Short Term Investments go up and down completely randomly.
Correlation Coefficient | 0.32 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Other Current Assets
Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.Cash And Short Term Investments
Short Term Investments is an account in the current assets section of NexGen Energy balance sheet. This account contains NexGen Energy investments that will expire within one year. These investments include stocks and bonds that can be liquidated by NexGen Energy 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.Most indicators from NexGen Energy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into NexGen Energy 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 NexGen Energy. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. To learn how to invest in NexGen Stock, please use our How to Invest in NexGen Energy guide.At this time, NexGen Energy's Selling General Administrative is very stable compared to the past year. As of the 29th of May 2024, Issuance Of Capital Stock is likely to grow to about 207.3 M, though Tax Provision is likely to grow to (1.3 M).
2021 | 2022 | 2023 | 2024 (projected) | Interest Income | 910K | 2.8M | 6.0M | 4.9M | Minority Interest | 7.9M | 3.7M | 10.6M | 13.6M |
NexGen Energy fundamental ratios Correlations
Click cells to compare fundamentals
NexGen Energy Account Relationship Matchups
High Positive Relationship
High Negative Relationship
NexGen Energy fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 313.5M | 357.4M | 546.6M | 554.6M | 1.0B | 1.1B | |
Other Current Liab | 4.2M | 6.5M | 7.5M | 15.8M | 18.2M | 19.1M | |
Total Current Liabilities | 4.8M | 7.3M | 8.2M | 16.6M | 27.9M | 29.3M | |
Total Stockholder Equity | 164.7M | 94.3M | 433.6M | 417.9M | 820.0M | 861.0M | |
Net Debt | 70.1M | 156.9M | (126.6M) | (52.0M) | (46.8M) | (44.4M) | |
Retained Earnings | (103.4M) | (212.3M) | (333.0M) | (389.9M) | (304.0M) | (288.8M) | |
Cash | 52.1M | 74.0M | 201.8M | 134.4M | 290.7M | 305.3M | |
Cash And Short Term Investments | 52.1M | 74.0M | 211.1M | 140.2M | 161.3M | 82.8M | |
Net Receivables | 610.1K | 304.6K | 1.2M | 1.8M | 1.9M | 2.0M | |
Common Stock Total Equity | 196.3M | 208.7M | 218.8M | 256.0M | 294.3M | 309.1M | |
Common Stock Shares Outstanding | 413.4M | 402.7M | 370.5M | 459.3M | 525.3M | 315.4M | |
Liabilities And Stockholders Equity | 313.5M | 357.4M | 546.6M | 554.6M | 637.7M | 669.6M | |
Other Current Assets | 734.3K | 679.7K | 1.0M | 2.2M | 13.8M | 14.5M | |
Total Liab | 127.2M | 238.1M | 85.2M | 99.1M | 187.4M | 96.0M | |
Total Current Assets | 53.5M | 75.0M | 213.3M | 144.2M | 307.0M | 322.3M | |
Common Stock | 218.8M | 256.0M | 695.9M | 712.6M | 819.5M | 860.5M | |
Property Plant And Equipment Gross | 260.0M | 282.3M | 342.9M | 421.9M | 469.9M | 493.4M | |
Accumulated Other Comprehensive Income | 49.3M | 50.6M | 70.7M | 95.1M | 109.4M | 114.9M | |
Other Liab | 725.1K | 711.6K | 2.5M | 867K | 997.1K | 732.7K | |
Net Tangible Assets | 161.6M | 94.0M | 433.3M | 417.7M | 480.4M | 504.4M | |
Property Plant And Equipment Net | 260.0M | 282.3M | 333.2M | 410.3M | 456.8M | 235.4M | |
Accounts Payable | 3.2M | 5.7M | 7.4M | 13.7M | 15.7M | 16.5M | |
Non Current Assets Total | 260.1M | 282.4M | 333.2M | 410.4M | 700.5M | 735.5M | |
Non Currrent Assets Other | 514.7K | 95.8K | 85.4K | 76K | 68.4K | 65.0K | |
Long Term Debt | 119.6M | 226.9M | 72.0M | 80.0M | 158.5M | 126.9M | |
Non Current Liabilities Total | 122.4M | 230.8M | 77.0M | 82.6M | 159.5M | 116.1M | |
Other Stockholder Equity | 46.6M | 50.6M | 70.7M | 460K | 529K | 502.6K | |
Short Term Debt | 559.0K | 777.6K | 706K | 775K | 697.5K | 662.6K | |
Property Plant Equipment | 259.7M | 282.1M | 332.9M | 410.3M | 471.8M | 495.4M | |
Short Long Term Debt Total | 122.2M | 230.9M | 75.2M | 82.5M | 94.9M | 122.7M | |
Other Assets | 514.7K | 95.8K | 85.4K | 76K | 87.4K | 126.7K | |
Long Term Debt Total | 121.7M | 230.1M | 74.5M | 81.7M | 73.5M | 101.5M | |
Net Invested Capital | 284.3M | 321.1M | 505.6M | 497.9M | 978.5M | 502.6M | |
Net Working Capital | 48.7M | 67.7M | 205.1M | 127.6M | 279.1M | 158.7M | |
Capital Stock | 218.8M | 256.0M | 695.9M | 712.6M | 1.0B | 568.5M |
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Try AI Portfolio ArchitectCheck out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NexGen Energy. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. To learn how to invest in NexGen Stock, please use our How to Invest in NexGen Energy guide.Note that the NexGen Energy information on this page should be used as a complementary analysis to other NexGen Energy'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 Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.
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When running NexGen Energy's price analysis, check to measure NexGen Energy'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 NexGen Energy is operating at the current time. Most of NexGen Energy's value examination focuses on studying past and present price action to predict the probability of NexGen Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NexGen Energy's price. Additionally, you may evaluate how the addition of NexGen Energy to your portfolios can decrease your overall portfolio volatility.
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