Ngx Free Cash Flow Yield vs Capex To Revenue Analysis

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Ngx Energy financial indicator trend analysis is infinitely more than just investigating Ngx Energy International recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Ngx Energy International is a good investment. Please check the relationship between Ngx Energy Free Cash Flow Yield and its Capex To Revenue accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Ngx Energy International. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in interest.

Free Cash Flow Yield vs Capex To Revenue

Free Cash Flow Yield vs Capex To Revenue Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Ngx Energy International Free Cash Flow Yield account and Capex To Revenue. At this time, the significance of the direction appears to have very week relationship.

The correlation between Ngx Energy's Free Cash Flow Yield and Capex To Revenue is 0.21. Overlapping area represents the amount of variation of Free Cash Flow Yield that can explain the historical movement of Capex To Revenue in the same time period over historical financial statements of Ngx Energy International, assuming nothing else is changed. The correlation between historical values of Ngx Energy's Free Cash Flow Yield and Capex To 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 Free Cash Flow Yield of Ngx Energy International are associated (or correlated) with its Capex To Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capex To Revenue has no effect on the direction of Free Cash Flow Yield i.e., Ngx Energy's Free Cash Flow Yield and Capex To Revenue go up and down completely randomly.

Correlation Coefficient

0.21

Relationship Direction	Positive
Relationship Strength	Very Weak

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Free Cash Flow Yield

A financial solvency ratio that compares the free cash flow per share a company is expected to earn against its market value per share, calculated as free cash flow per share divided by market price per share.

Capex To Revenue

The ratio of a company's capital expenditures to its total revenue, indicating how much of the revenue is used for acquiring or maintaining physical assets.

Most indicators from Ngx Energy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Ngx Energy International 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Ngx Energy International. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in interest.

At this time, Ngx Energy's Tax Provision is fairly stable compared to the past year. Enterprise Value is likely to climb to about 186.5 M in 2024, whereas Selling General Administrative is likely to drop slightly above 4.6 M in 2024.

Ngx Energy fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Intangible Assets	Other Assets	Net Tangible Assets
Total Assets		0.1	0.74	0.64	0.89	0.83	-0.3	-0.2	0.42	-0.14	0.71	0.86	0.45	0.88	0.65	-0.13	0.11	0.63	0.27	0.64	0.27	0.79	0.54	-0.02	0.31	0.05
Short Long Term Debt Total	0.1		-0.09	0.27	-0.32	0.23	0.06	0.93	-0.59	0.7	-0.27	0.48	0.35	-0.13	-0.15	0.87	0.99	-0.32	-0.34	-0.23	0.94	-0.3	-0.43	-0.8	0.18	0.17
Other Current Liab	0.74	-0.09		0.88	0.65	0.58	-0.28	-0.41	0.35	-0.13	0.87	0.57	0.08	0.69	0.73	-0.28	-0.07	0.64	0.32	0.52	0.21	0.7	0.6	0.05	0.16	0.2
Total Current Liabilities	0.64	0.27	0.88		0.39	0.52	-0.28	-0.02	0.07	0.3	0.61	0.66	0.24	0.49	0.58	0.11	0.3	0.4	0.09	0.24	0.57	0.43	0.42	-0.3	0.27	0.32
Total Stockholder Equity	0.89	-0.32	0.65	0.39		0.67	-0.3	-0.56	0.65	-0.48	0.75	0.62	0.24	0.92	0.64	-0.48	-0.31	0.73	0.41	0.76	-0.17	0.88	0.66	0.25	0.14	-0.11
Property Plant And Equipment Net	0.83	0.23	0.58	0.52	0.67		-0.3	-0.03	0.24	-0.04	0.55	0.83	0.49	0.7	0.46	-0.03	0.23	0.62	0.01	0.54	0.35	0.47	0.52	-0.1	0.35	0.1
Current Deferred Revenue	-0.3	0.06	-0.28	-0.28	-0.3	-0.3		0.16	0.28	-0.17	-0.29	-0.21	-0.61	-0.26	-0.23	-0.03	0.08	-0.32	-0.26	-0.36	-0.01	-0.31	-0.53	-0.12	-0.85	-0.12
Net Debt	-0.2	0.93	-0.41	-0.02	-0.56	-0.03	0.16		-0.64	0.75	-0.6	0.22	0.26	-0.43	-0.38	0.88	0.93	-0.53	-0.43	-0.47	0.8	-0.56	-0.6	-0.74	0.09	0.19
Retained Earnings	0.42	-0.59	0.35	0.07	0.65	0.24	0.28	-0.64		-0.51	0.38	0.19	-0.32	0.5	0.32	-0.7	-0.55	0.4	0.14	0.21	-0.46	0.48	0.33	0.45	-0.45	0.05
Accounts Payable	-0.14	0.7	-0.13	0.3	-0.48	-0.04	-0.17	0.75	-0.51		-0.46	0.24	0.38	-0.4	-0.26	0.79	0.75	-0.45	-0.44	-0.63	0.74	-0.5	-0.37	-0.63	0.34	0.59
Cash	0.71	-0.27	0.87	0.61	0.75	0.55	-0.29	-0.6	0.38	-0.46		0.44	0.03	0.84	0.63	-0.39	-0.29	0.6	0.36	0.69	-0.07	0.8	0.56	0.27	0.16	-0.13
Non Current Assets Total	0.86	0.48	0.57	0.66	0.62	0.83	-0.21	0.22	0.19	0.24	0.44		0.47	0.68	0.46	0.26	0.5	0.38	-0.11	0.37	0.62	0.43	0.25	-0.43	0.25	0.18
Non Currrent Assets Other	0.45	0.35	0.08	0.24	0.24	0.49	-0.61	0.26	-0.32	0.38	0.03	0.47		0.26	0.06	0.33	0.36	0.22	0.08	0.22	0.37	0.19	0.28	-0.22	0.84	0.11
Cash And Short Term Investments	0.88	-0.13	0.69	0.49	0.92	0.7	-0.26	-0.43	0.5	-0.4	0.84	0.68	0.26		0.55	-0.31	-0.13	0.64	0.32	0.75	0.02	0.85	0.54	0.06	0.13	-0.22
Net Receivables	0.65	-0.15	0.73	0.58	0.64	0.46	-0.23	-0.38	0.32	-0.26	0.63	0.46	0.06	0.55		-0.33	-0.14	0.56	0.38	0.58	0.06	0.68	0.51	0.06	0.13	-0.1
Common Stock Shares Outstanding	-0.13	0.87	-0.28	0.11	-0.48	-0.03	-0.03	0.88	-0.7	0.79	-0.39	0.26	0.33	-0.31	-0.33		0.86	-0.59	-0.49	-0.48	0.78	-0.49	-0.6	-0.68	0.29	0.28
Non Current Liabilities Total	0.11	0.99	-0.07	0.3	-0.31	0.23	0.08	0.93	-0.55	0.75	-0.29	0.5	0.36	-0.13	-0.14	0.86		-0.3	-0.35	-0.26	0.96	-0.31	-0.42	-0.84	0.16	0.22
Inventory	0.63	-0.32	0.64	0.4	0.73	0.62	-0.32	-0.53	0.4	-0.45	0.6	0.38	0.22	0.64	0.56	-0.59	-0.3		0.66	0.82	-0.15	0.74	0.9	0.15	0.13	0.0
Other Current Assets	0.27	-0.34	0.32	0.09	0.41	0.01	-0.26	-0.43	0.14	-0.44	0.36	-0.11	0.08	0.32	0.38	-0.49	-0.35	0.66		0.63	-0.28	0.73	0.61	0.25	0.1	-0.11
Other Stockholder Equity	0.64	-0.23	0.52	0.24	0.76	0.54	-0.36	-0.47	0.21	-0.63	0.69	0.37	0.22	0.75	0.58	-0.48	-0.26	0.82	0.63		-0.16	0.81	0.71	0.12	0.17	-0.46
Total Liab	0.27	0.94	0.21	0.57	-0.17	0.35	-0.01	0.8	-0.46	0.74	-0.07	0.62	0.37	0.02	0.06	0.78	0.96	-0.15	-0.28	-0.16		-0.14	-0.24	-0.81	0.21	0.29
Total Current Assets	0.79	-0.3	0.7	0.43	0.88	0.47	-0.31	-0.56	0.48	-0.5	0.8	0.43	0.19	0.85	0.68	-0.49	-0.31	0.74	0.73	0.81	-0.14		0.68	0.24	0.15	-0.18
Short Term Debt	0.54	-0.43	0.6	0.42	0.66	0.52	-0.53	-0.6	0.33	-0.37	0.56	0.25	0.28	0.54	0.51	-0.6	-0.42	0.9	0.61	0.71	-0.24	0.68		0.33	0.32	0.0
Intangible Assets	-0.02	-0.8	0.05	-0.3	0.25	-0.1	-0.12	-0.74	0.45	-0.63	0.27	-0.43	-0.22	0.06	0.06	-0.68	-0.84	0.15	0.25	0.12	-0.81	0.24	0.33		0.06	-0.1
Other Assets	0.31	0.18	0.16	0.27	0.14	0.35	-0.85	0.09	-0.45	0.34	0.16	0.25	0.84	0.13	0.13	0.29	0.16	0.13	0.1	0.17	0.21	0.15	0.32	0.06		0.18
Net Tangible Assets	0.05	0.17	0.2	0.32	-0.11	0.1	-0.12	0.19	0.05	0.59	-0.13	0.18	0.11	-0.22	-0.1	0.28	0.22	0.0	-0.11	-0.46	0.29	-0.18	0.0	-0.1	0.18

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Ngx Energy Account Relationship Matchups

Ngx Energy fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	10.9M	14.5M	23.1M	83.1M	106.9M	61.5M
Other Current Liab	911.7K	986.8K	556.8K	6.8M	7.9M	8.3M
Total Current Liabilities	3.2M	5.2M	5.6M	12.5M	20.4M	21.4M
Total Stockholder Equity	4.0M	6.7M	16.7M	15.5M	10.1M	9.6M
Property Plant And Equipment Net	4.3M	8.4M	12.0M	68.2M	87.9M	49.3M
Net Debt	1.9M	2.8M	(2.9M)	48.5M	57.1M	59.9M
Retained Earnings	(78.5M)	(104.3M)	(111.0M)	(121.0M)	(137.7M)	(130.8M)
Accounts Payable	2.3M	2.2M	2.1M	2.8M	4.0M	4.2M
Cash	1.4M	1.2M	5.8M	7.0M	1.3M	1.2M
Non Current Assets Total	4.3M	12.8M	16.6M	72.5M	99.2M	104.2M
Cash And Short Term Investments	1.4M	1.2M	5.8M	7.0M	8.0M	13.0M
Net Receivables	2.1M	35.4K	39.3K	426.7K	2.7M	2.0M
Common Stock Shares Outstanding	26.5M	49.9M	106.9M	124.0M	137.5M	144.3M
Liabilities And Stockholders Equity	10.9M	14.5M	23.1M	83.1M	95.6M	59.0M
Non Current Liabilities Total	3.7M	2.6M	806.8K	55.2M	76.3M	80.2M
Inventory	330.1K	23.0K	3.9K	0.0	343.7K	360.8K
Other Stockholder Equity	17.9M	22.1M	25.0M	32.1M	36.9M	64.6M
Total Liab	6.9M	7.8M	6.4M	67.6M	96.8M	101.6M
Total Current Assets	6.5M	1.7M	6.5M	10.7M	7.6M	7.2M
Accumulated Other Comprehensive Income	(344.8K)	(845.9K)	(840.4K)	(465.4K)	(418.9K)	(439.8K)
Net Tangible Assets	4.5M	1.2M	6.7M	16.7M	15.1M	12.5M
Other Liab	5.2M	390.8K	626.6K	806.8K	726.1K	689.8K
Net Invested Capital	7.3M	10.7M	19.7M	46.7M	68.4M	34.9M
Net Working Capital	3.4M	(3.5M)	925.8K	(1.8M)	(12.8M)	(12.2M)
Common Stock	64.9M	89.7M	103.6M	104.9M	120.6M	90.0M
Property Plant Equipment	22.7M	4.3M	8.4M	12.0M	10.8M	19.1M
Capital Stock	64.9M	89.7M	103.6M	104.9M	114.6M	99.3M

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