Ngx Interest Coverage vs Price To Sales Ratio 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 Interest Coverage and its Price To Sales Ratio 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.

Interest Coverage vs Price To Sales Ratio

Interest Coverage vs Price To Sales Ratio Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Ngx Energy International Interest Coverage account and Price To Sales Ratio. At this time, the significance of the direction appears to have very week relationship.

The correlation between Ngx Energy's Interest Coverage and Price To Sales Ratio is 0.27. Overlapping area represents the amount of variation of Interest Coverage that can explain the historical movement of Price To Sales Ratio 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 Interest Coverage and Price To Sales Ratio is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Interest Coverage of Ngx Energy International are associated (or correlated) with its Price To Sales Ratio. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Price To Sales Ratio has no effect on the direction of Interest Coverage i.e., Ngx Energy's Interest Coverage and Price To Sales Ratio go up and down completely randomly.

Correlation Coefficient

0.27

Relationship Direction	Positive
Relationship Strength	Very Weak

View All Relationships

Interest Coverage

Price To Sales Ratio

Price to Sales Ratio is figured by comparing Ngx Energy International stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Ngx Energy sales, a figure that is much harder to manipulate than other Ngx Energy International multiples. Because sales tend to be more stable P/S ratio can be a good tool for screening cyclical companies fluctuating earnings patterns. A valuation ratio that compares a company's stock price to its revenues, calculated by dividing the company's market cap by its total sales or revenue over a 12-month period.

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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