NXG Short Term Investments vs Net Debt Analysis

NXG Stock

USD 41.49 0.30 0.73%

NXG NextGen financial indicator trend analysis is infinitely more than just investigating NXG NextGen Infrastr recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether NXG NextGen Infrastr is a good investment. Please check the relationship between NXG NextGen Short Term Investments and its Net Debt accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NXG NextGen Infrastructure. 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.

Short Term Investments vs Net Debt

Short Term Investments vs Net Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of NXG NextGen Infrastr Short Term Investments account and Net Debt. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between NXG NextGen's Short Term Investments and Net Debt is 0.44. Overlapping area represents the amount of variation of Short Term Investments that can explain the historical movement of Net Debt in the same time period over historical financial statements of NXG NextGen Infrastructure, assuming nothing else is changed. The correlation between historical values of NXG NextGen's Short Term Investments 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 Short Term Investments of NXG NextGen Infrastructure 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 Short Term Investments i.e., NXG NextGen's Short Term Investments and Net Debt go up and down completely randomly.

Correlation Coefficient

0.44

Relationship Direction	Positive
Relationship Strength	Weak

View All Relationships

Short Term Investments

Short Term Investments is an item under the current assets section of NXG NextGen balance sheet. It contains any investments NXG NextGen Infrastructure undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that NXG NextGen Infrastr can easily liquidate in the marketplace.

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 NXG NextGen's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into NXG NextGen Infrastr 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 NXG NextGen Infrastructure. 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.

The NXG NextGen's current Enterprise Value is estimated to increase to about 160.3 M, while Selling General Administrative is projected to decrease to roughly 729.4 K.

NXG NextGen fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Debt	Retained Earnings	Accounts Payable	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Stockholder Equity	Total Liab	Total Current Assets	Common Stock	Cash	Cash And Short Term Investments	Short Term Investments	Other Current Assets	Long Term Investments	Capital Stock	Current Deferred Revenue	Net Invested Capital
Total Assets		0.9	-0.54	0.55	0.36	0.76	-0.2	0.55	0.99	-0.8	0.63	0.46	0.66	0.76	0.59	0.8	0.46	-0.34	0.59	0.39	0.38	-0.73	0.88	-0.57	-0.83	0.68
Short Long Term Debt Total	0.9		-0.76	0.74	0.05	0.94	-0.31	0.74	0.88	-0.67	0.65	0.5	0.62	0.94	0.48	0.95	0.5	-0.52	0.64	0.46	0.46	-0.79	0.77	-0.64	-0.85	0.59
Other Current Liab	-0.54	-0.76		-0.98	0.33	-0.67	0.67	-0.98	-0.5	0.16	-0.56	-0.43	-0.62	-0.67	-0.55	-0.7	-0.43	0.6	-0.75	-0.5	-0.51	0.8	-0.5	0.73	0.72	-0.28
Total Current Liabilities	0.55	0.74	-0.98		-0.4	0.64	-0.7	1.0	0.52	-0.09	0.47	0.34	0.64	0.64	0.58	0.67	0.34	-0.59	0.77	0.53	0.54	-0.79	0.52	-0.73	-0.67	0.18
Total Stockholder Equity	0.36	0.05	0.33	-0.4		-0.12	0.4	-0.4	0.34	-0.72	0.37	0.37	0.1	-0.11	0.15	-0.09	0.37	0.46	-0.24	-0.33	-0.34	0.1	0.21	0.19	-0.18	0.58
Net Debt	0.76	0.94	-0.67	0.64	-0.12		-0.21	0.64	0.74	-0.58	0.59	0.47	0.42	1.0	0.24	0.99	0.47	-0.66	0.58	0.44	0.44	-0.71	0.66	-0.59	-0.77	0.55
Retained Earnings	-0.2	-0.31	0.67	-0.7	0.4	-0.21		-0.7	-0.22	-0.15	0.0	0.17	-0.8	-0.21	-0.77	-0.26	0.17	0.55	-0.82	-0.71	-0.72	0.65	-0.08	0.8	0.31	0.15
Accounts Payable	0.55	0.74	-0.98	1.0	-0.4	0.64	-0.7		0.52	-0.09	0.47	0.34	0.64	0.64	0.58	0.67	0.34	-0.59	0.77	0.53	0.54	-0.79	0.52	-0.73	-0.67	0.18
Non Current Assets Total	0.99	0.88	-0.5	0.52	0.34	0.74	-0.22	0.52		-0.79	0.53	0.34	0.69	0.74	0.61	0.78	0.34	-0.34	0.6	0.46	0.45	-0.72	0.87	-0.58	-0.79	0.63
Non Currrent Assets Other	-0.8	-0.67	0.16	-0.09	-0.72	-0.58	-0.15	-0.09	-0.79		-0.62	-0.5	-0.39	-0.58	-0.28	-0.61	-0.5	0.13	-0.25	-0.14	-0.13	0.46	-0.64	0.3	0.69	-0.85
Other Assets	0.63	0.65	-0.56	0.47	0.37	0.59	0.0	0.47	0.53	-0.62		0.96	0.27	0.59	0.23	0.6	0.96	-0.32	0.33	-0.08	-0.08	-0.51	0.59	-0.37	-0.76	0.82
Net Receivables	0.46	0.5	-0.43	0.34	0.37	0.47	0.17	0.34	0.34	-0.5	0.96		0.05	0.47	0.03	0.44	1.0	-0.14	0.09	-0.33	-0.33	-0.27	0.41	-0.13	-0.57	0.7
Common Stock Shares Outstanding	0.66	0.62	-0.62	0.64	0.1	0.42	-0.8	0.64	0.69	-0.39	0.27	0.05		0.43	0.97	0.49	0.05	-0.42	0.82	0.72	0.72	-0.77	0.46	-0.82	-0.59	0.25
Non Current Liabilities Total	0.76	0.94	-0.67	0.64	-0.11	1.0	-0.21	0.64	0.74	-0.58	0.59	0.47	0.43		0.24	0.99	0.47	-0.66	0.59	0.44	0.44	-0.72	0.67	-0.6	-0.77	0.56
Other Stockholder Equity	0.59	0.48	-0.55	0.58	0.15	0.24	-0.77	0.58	0.61	-0.28	0.23	0.03	0.97	0.24		0.31	0.03	-0.27	0.74	0.6	0.6	-0.66	0.41	-0.72	-0.48	0.17
Total Liab	0.8	0.95	-0.7	0.67	-0.09	0.99	-0.26	0.67	0.78	-0.61	0.6	0.44	0.49	0.99	0.31		0.44	-0.7	0.66	0.53	0.53	-0.79	0.73	-0.67	-0.84	0.6
Total Current Assets	0.46	0.5	-0.43	0.34	0.37	0.47	0.17	0.34	0.34	-0.5	0.96	1.0	0.05	0.47	0.03	0.44		-0.14	0.09	-0.33	-0.33	-0.27	0.41	-0.13	-0.57	0.7
Common Stock	-0.34	-0.52	0.6	-0.59	0.46	-0.66	0.55	-0.59	-0.34	0.13	-0.32	-0.14	-0.42	-0.66	-0.27	-0.7	-0.14		-0.83	-0.72	-0.72	0.8	-0.44	0.85	0.64	-0.37
Cash	0.59	0.64	-0.75	0.77	-0.24	0.58	-0.82	0.77	0.6	-0.25	0.33	0.09	0.82	0.59	0.74	0.66	0.09	-0.83		0.83	0.83	-0.94	0.57	-0.99	-0.73	0.34
Cash And Short Term Investments	0.39	0.46	-0.5	0.53	-0.33	0.44	-0.71	0.53	0.46	-0.14	-0.08	-0.33	0.72	0.44	0.6	0.53	-0.33	-0.72	0.83		1.0	-0.79	0.42	-0.84	-0.52	0.13
Short Term Investments	0.38	0.46	-0.51	0.54	-0.34	0.44	-0.72	0.54	0.45	-0.13	-0.08	-0.33	0.72	0.44	0.6	0.53	-0.33	-0.72	0.83	1.0		-0.79	0.41	-0.84	-0.52	0.12
Other Current Assets	-0.73	-0.79	0.8	-0.79	0.1	-0.71	0.65	-0.79	-0.72	0.46	-0.51	-0.27	-0.77	-0.72	-0.66	-0.79	-0.27	0.8	-0.94	-0.79	-0.79		-0.74	0.95	0.9	-0.56
Long Term Investments	0.88	0.77	-0.5	0.52	0.21	0.66	-0.08	0.52	0.87	-0.64	0.59	0.41	0.46	0.67	0.41	0.73	0.41	-0.44	0.57	0.42	0.41	-0.74		-0.55	-0.86	0.71
Capital Stock	-0.57	-0.64	0.73	-0.73	0.19	-0.59	0.8	-0.73	-0.58	0.3	-0.37	-0.13	-0.82	-0.6	-0.72	-0.67	-0.13	0.85	-0.99	-0.84	-0.84	0.95	-0.55		0.75	-0.4
Current Deferred Revenue	-0.83	-0.85	0.72	-0.67	-0.18	-0.77	0.31	-0.67	-0.79	0.69	-0.76	-0.57	-0.59	-0.77	-0.48	-0.84	-0.57	0.64	-0.73	-0.52	-0.52	0.9	-0.86	0.75		-0.83
Net Invested Capital	0.68	0.59	-0.28	0.18	0.58	0.55	0.15	0.18	0.63	-0.85	0.82	0.7	0.25	0.56	0.17	0.6	0.7	-0.37	0.34	0.13	0.12	-0.56	0.71	-0.4	-0.83

Click cells to compare fundamentals

NXG NextGen Account Relationship Matchups

NXG NextGen fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	137.9M	202.6M	194.2M	146.3M	168.2M	181.1M
Other Current Liab	(17.9K)	(6.9M)	(14.2K)	(5.6M)	(5.0M)	(4.8M)
Total Current Liabilities	17.9K	6.9M	14.2K	5.6M	6.4M	6.8M
Total Stockholder Equity	119.3M	138.5M	142.4M	103.7M	93.3M	103.9M
Net Debt	18.3M	56.4M	41.0M	36.8M	42.3M	34.2M
Retained Earnings	(37.4M)	(13.8M)	(5.6M)	(40.7M)	(36.7M)	(34.8M)
Accounts Payable	17.9K	6.9M	14.2K	5.6M	6.4M	6.8M
Non Current Assets Total	137.4M	188.7M	193.4M	145.9M	167.8M	177.9M
Non Currrent Assets Other	(137.4M)	(188.7M)	(193.4M)	(145.9M)	(131.3M)	(137.9M)
Other Assets	56.5K	2.8M	401.0K	83.0K	95.4K	90.6K
Net Receivables	520.2K	11.1M	385.1K	317.0K	364.6K	346.3K
Liabilities And Stockholders Equity	137.9M	202.6M	194.2M	146.3M	168.2M	181.1M
Non Current Liabilities Total	18.3M	56.4M	41.4M	36.8M	42.3M	34.3M
Other Stockholder Equity	156.7M	152.3M	148.0M	144.4M	166.1M	161.4M
Total Liab	18.6M	64.1M	51.8M	42.6M	49.0M	38.1M
Total Current Assets	520.2K	11.1M	385.1K	317.0K	364.6K	346.3K
Cash And Short Term Investments	4.9M	801.6K	10.9M	9.8M	11.3M	5.8M
Short Term Investments	4.9M	801.6K	10.5M	9.8M	11.3M	5.7M
Other Current Assets	(5.4M)	(11.9M)	(11.3M)	(10.1M)	(9.1M)	(9.6M)
Long Term Investments	137.4M	188.7M	193.4M	145.9M	167.8M	179.5M
Accumulated Other Comprehensive Income	(37.4M)	(13.8M)	(5.6M)	(40.7M)	(36.7M)	(34.8M)

Currently Active Assets on Macroaxis

C	Citigroup
CRM	Salesforce
MSFT	Microsoft
V	Visa Class A
GOOG	Alphabet Inc Class C

When determining whether NXG NextGen Infrastr is a strong investment it is important to analyze NXG NextGen's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact NXG NextGen's future performance. For an informed investment choice regarding NXG Stock, refer to the following important reports:

How To Invest In NXG

Details

Is NXG Stock a good investment?

Details

What is NXG NextGen's Net Worth?

Details

Largest Asset Management & Custody Banks Companies

View

Largest Financial Services Companies

View

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NXG NextGen Infrastructure. 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 Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.

Complementary Tools for NXG Stock analysis

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

	Portfolio Diagnostics Use generated alerts and portfolio events aggregator to diagnose current holdings
	Top Crypto Exchanges Search and analyze digital assets across top global cryptocurrency exchanges
	Insider Screener Find insiders across different sectors to evaluate their impact on performance
	Portfolio Volatility Check portfolio volatility and analyze historical return density to properly model market risk
	Sync Your Broker Sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors.
	Balance Of Power Check stock momentum by analyzing Balance Of Power indicator and other technical ratios

Is NXG NextGen'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 NXG NextGen. If investors know NXG 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 NXG NextGen listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Earnings Share

(5.01)

The market value of NXG NextGen Infrastr is measured differently than its book value, which is the value of NXG that is recorded on the company's balance sheet. Investors also form their own opinion of NXG NextGen's value that differs from its market value or its book value, called intrinsic value, which is NXG NextGen'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 NXG NextGen's market value can be influenced by many factors that don't directly affect NXG NextGen'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 NXG NextGen's value and its price as these two are different measures arrived at by different means. Investors typically determine if NXG NextGen is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, NXG NextGen'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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC

NXG Short Term Investments vs Net Debt Analysis

Short Term Investments vs Net Debt

Short Term Investments vs Net Debt Correlation Analysis

Correlation Coefficient

Short Term Investments

Net Debt

NXG NextGen fundamental ratios Correlations

NXG NextGen Account Relationship Matchups

High Positive Relationship

High Negative Relationship

NXG NextGen fundamental ratios Accounts

Currently Active Assets on Macroaxis

Complementary Tools for NXG Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Accounts Payable	+ 1.0	Total Current Liabilities
Non Current Liabilities Total	+ 1.0	Net Debt
Total Current Assets	+ 1.0	Net Receivables
Short Term Investments	+ 1.0	Cash And Short Term Investments
Non Current Assets Total	+ 0.99	Total Assets
Total Liab	+ 0.99	Net Debt

Capital Stock	- 0.99	Cash
Accounts Payable	- 0.98	Other Current Liab
Total Current Liabilities	- 0.98	Other Current Liab
Other Current Assets	- 0.94	Cash
Current Deferred Revenue	- 0.86	Long Term Investments
Net Invested Capital	- 0.85	Non Currrent Assets Other