NexteGO Total Current Liabilities vs Current Deferred Revenue Analysis
| EGOX Stock | 0.0001 0.00 0.00% |
NexteGO NV financial indicator trend analysis is infinitely more than just investigating NexteGO NV Ordinary recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether NexteGO NV Ordinary is a good investment. Please check the relationship between NexteGO NV Total Current Liabilities and its Current Deferred Revenue accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in NexteGO NV Ordinary. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.
Total Current Liabilities vs Current Deferred Revenue
Total Current Liabilities vs Current Deferred Revenue Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of NexteGO NV Ordinary Total Current Liabilities account and Current Deferred Revenue. At this time, the significance of the direction appears to have pay attention.
The correlation between NexteGO NV's Total Current Liabilities and Current Deferred Revenue is -0.95. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Current Deferred Revenue in the same time period over historical financial statements of NexteGO NV Ordinary, assuming nothing else is changed. The correlation between historical values of NexteGO NV's Total Current Liabilities and Current Deferred Revenue 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 Liabilities of NexteGO NV Ordinary are associated (or correlated) with its Current Deferred Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Current Deferred Revenue has no effect on the direction of Total Current Liabilities i.e., NexteGO NV's Total Current Liabilities and Current Deferred Revenue go up and down completely randomly.
Correlation Coefficient | -0.95 |
| Relationship Direction | Negative |
| Relationship Strength | Significant |
Total Current Liabilities
Total Current Liabilities is an item on NexteGO NV balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of NexteGO NV Ordinary are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.Current Deferred Revenue
Revenue that has been collected but not yet earned, typically from prepaid service contracts or subscriptions. This amount is considered a liability until the service is provided or the subscription period ends.Most indicators from NexteGO NV's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into NexteGO NV Ordinary 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in NexteGO NV Ordinary. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons. Tax Provision is likely to drop to about (22 M) in 2024. Selling General Administrative is likely to drop to about 11.2 M in 2024
| 2010 | 2022 | 2023 | 2024 (projected) | Interest Expense | 1.4M | 11.0M | 12.6M | 6.8M | Depreciation And Amortization | 24.0M | 24.5M | 28.1M | 26.7M |
NexteGO NV fundamental ratios Correlations
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NexteGO NV Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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