NeoVolta Net Debt vs Net Invested Capital Analysis

NEOV Stock

USD 5.57 0.23 3.97%

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

Net Debt vs Net Invested Capital

Net Debt vs Net Invested Capital Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of NeoVolta Common Stock Net Debt account and Net Invested Capital. At this time, the significance of the direction appears to have weak relationship.

The correlation between NeoVolta Common's Net Debt and Net Invested Capital is 0.35. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Net Invested Capital in the same time period over historical financial statements of NeoVolta Common Stock, assuming nothing else is changed. The correlation between historical values of NeoVolta Common's Net Debt and Net Invested Capital is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Debt of NeoVolta Common Stock are associated (or correlated) with its Net Invested Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Invested Capital has no effect on the direction of Net Debt i.e., NeoVolta Common's Net Debt and Net Invested Capital go up and down completely randomly.

Correlation Coefficient

0.35

Relationship Direction	Positive
Relationship Strength	Very Weak

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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.

Net Invested Capital

The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.

Most indicators from NeoVolta Common's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into NeoVolta Common Stock 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 NeoVolta Common Stock. 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.

At this time, NeoVolta Common's Selling General Administrative is fairly stable compared to the past year. Sales General And Administrative To Revenue is likely to climb to 1.30 in 2024, whereas Issuance Of Capital Stock is likely to drop 0.00 in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	667.1K	688.0K	510.3K	605.4K
Total Revenue	4.5M	3.5M	2.6M	2.8M

Gross Profit Total Revenue

NeoVolta Common fundamental ratios Correlations

	Total Current Liabilities	Net Tangible Assets	Retained Earnings	Total Current Assets	Common Stock	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Stockholder Equity	Net Debt	Accounts Payable	Cash	Cash And Short Term Investments	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Net Receivables	Long Term Debt	Net Invested Capital	Capital Stock	Net Working Capital	Common Stock Total Equity	Retained Earnings Total Equity
Total Current Liabilities		0.07	-0.36	0.29	0.29	-0.07	0.42	0.93	-0.51	0.67	0.95	-0.52	-0.52	0.27	0.74	0.46	0.97	0.34	1.0	0.31	0.47	0.05	0.01	-0.23	0.07	-0.07
Net Tangible Assets	0.07		-0.88	0.91	0.92	0.45	0.82	0.39	0.33	0.61	-0.18	-0.68	-0.68	0.87	0.05	0.78	0.08	0.83	0.04	0.84	0.75	0.77	0.85	0.72	-0.69	0.69
Retained Earnings	-0.36	-0.88		-0.83	-0.93	-0.5	-0.95	-0.67	-0.24	-0.77	-0.13	0.8	0.8	-0.96	-0.16	-0.91	-0.33	-0.97	-0.34	-0.98	-0.91	-0.81	-0.88	-0.68	0.64	-0.67
Total Current Assets	0.29	0.91	-0.83		0.95	0.44	0.75	0.52	0.24	0.69	0.05	-0.72	-0.72	0.86	0.29	0.87	0.31	0.82	0.26	0.82	0.75	0.74	0.73	0.65	-0.37	0.4
Common Stock	0.29	0.92	-0.93	0.95		0.44	0.84	0.57	0.24	0.76	0.05	-0.81	-0.81	0.97	0.26	0.91	0.29	0.94	0.27	0.94	0.86	0.78	0.83	0.69	-0.45	0.57
Total Assets	-0.07	0.45	-0.5	0.44	0.44		0.59	0.07	0.89	-0.07	-0.25	0.06	0.06	0.52	-0.42	0.52	-0.06	0.59	-0.09	0.57	0.6	0.88	0.75	0.88	-0.24	0.22
Short Long Term Debt Total	0.42	0.82	-0.95	0.75	0.84	0.59		0.69	0.29	0.67	0.16	-0.67	-0.67	0.89	0.12	0.85	0.4	0.92	0.39	0.92	0.95	0.83	0.89	0.67	-0.69	0.68
Other Current Liab	0.93	0.39	-0.67	0.52	0.57	0.07	0.69		-0.37	0.85	0.8	-0.75	-0.75	0.56	0.67	0.7	0.89	0.62	0.92	0.6	0.7	0.32	0.32	0.04	-0.24	0.22
Total Stockholder Equity	-0.51	0.33	-0.24	0.24	0.24	0.89	0.29	-0.37		-0.39	-0.63	0.31	0.31	0.31	-0.69	0.22	-0.48	0.34	-0.53	0.33	0.3	0.72	0.63	0.85	-0.17	0.19
Net Debt	0.67	0.61	-0.77	0.69	0.76	-0.07	0.67	0.85	-0.39		0.52	-0.98	-0.98	0.73	0.71	0.8	0.65	0.7	0.67	0.71	0.65	0.35	0.41	0.15	-0.35	0.36
Accounts Payable	0.95	-0.18	-0.13	0.05	0.05	-0.25	0.16	0.8	-0.63	0.52		-0.36	-0.36	0.02	0.67	0.23	0.89	0.11	0.95	0.09	0.23	-0.2	-0.25	-0.45	0.25	-0.26
Cash	-0.52	-0.68	0.8	-0.72	-0.81	0.06	-0.67	-0.75	0.31	-0.98	-0.36		1.0	-0.78	-0.62	-0.8	-0.5	-0.73	-0.51	-0.75	-0.64	-0.4	-0.47	-0.24	0.42	-0.43
Cash And Short Term Investments	-0.52	-0.68	0.8	-0.72	-0.81	0.06	-0.67	-0.75	0.31	-0.98	-0.36	1.0		-0.78	-0.62	-0.8	-0.5	-0.73	-0.51	-0.75	-0.64	-0.4	-0.47	-0.24	0.42	-0.43
Common Stock Shares Outstanding	0.27	0.87	-0.96	0.86	0.97	0.52	0.89	0.56	0.31	0.73	0.02	-0.78	-0.78		0.18	0.92	0.26	0.98	0.24	0.98	0.91	0.84	0.9	0.75	-0.5	0.63
Non Current Liabilities Total	0.74	0.05	-0.16	0.29	0.26	-0.42	0.12	0.67	-0.69	0.71	0.67	-0.62	-0.62	0.18		0.39	0.81	0.12	0.75	0.09	0.17	-0.15	-0.2	-0.35	0.21	-0.21
Inventory	0.46	0.78	-0.91	0.87	0.91	0.52	0.85	0.7	0.22	0.8	0.23	-0.8	-0.8	0.92	0.39		0.48	0.9	0.45	0.91	0.84	0.82	0.76	0.67	-0.37	0.34
Other Current Assets	0.97	0.08	-0.33	0.31	0.29	-0.06	0.4	0.89	-0.48	0.65	0.89	-0.5	-0.5	0.26	0.81	0.48		0.31	0.98	0.26	0.46	0.07	0.01	-0.21	0.11	-0.1
Other Stockholder Equity	0.34	0.83	-0.97	0.82	0.94	0.59	0.92	0.62	0.34	0.7	0.11	-0.73	-0.73	0.98	0.12	0.9	0.31		0.31	0.99	0.95	0.85	0.9	0.74	-0.49	0.62
Total Liab	1.0	0.04	-0.34	0.26	0.27	-0.09	0.39	0.92	-0.53	0.67	0.95	-0.51	-0.51	0.24	0.75	0.45	0.98	0.31		0.29	0.45	0.02	-0.02	-0.26	0.09	-0.09
Net Receivables	0.31	0.84	-0.98	0.82	0.94	0.57	0.92	0.6	0.33	0.71	0.09	-0.75	-0.75	0.98	0.09	0.91	0.26	0.99	0.29		0.92	0.85	0.9	0.74	-0.53	0.62
Long Term Debt	0.47	0.75	-0.91	0.75	0.86	0.6	0.95	0.7	0.3	0.65	0.23	-0.64	-0.64	0.91	0.17	0.84	0.46	0.95	0.45	0.92		0.79	0.87	0.65	-0.47	0.64
Net Invested Capital	0.05	0.77	-0.81	0.74	0.78	0.88	0.83	0.32	0.72	0.35	-0.2	-0.4	-0.4	0.84	-0.15	0.82	0.07	0.85	0.02	0.85	0.79		0.93	0.96	-0.47	0.43
Capital Stock	0.01	0.85	-0.88	0.73	0.83	0.75	0.89	0.32	0.63	0.41	-0.25	-0.47	-0.47	0.9	-0.2	0.76	0.01	0.9	-0.02	0.9	0.87	0.93		0.9	-0.64	0.73
Net Working Capital	-0.23	0.72	-0.68	0.65	0.69	0.88	0.67	0.04	0.85	0.15	-0.45	-0.24	-0.24	0.75	-0.35	0.67	-0.21	0.74	-0.26	0.74	0.65	0.96	0.9		-0.43	0.43
Common Stock Total Equity	0.07	-0.69	0.64	-0.37	-0.45	-0.24	-0.69	-0.24	-0.17	-0.35	0.25	0.42	0.42	-0.5	0.21	-0.37	0.11	-0.49	0.09	-0.53	-0.47	-0.47	-0.64	-0.43		-0.8
Retained Earnings Total Equity	-0.07	0.69	-0.67	0.4	0.57	0.22	0.68	0.22	0.19	0.36	-0.26	-0.43	-0.43	0.63	-0.21	0.34	-0.1	0.62	-0.09	0.62	0.64	0.43	0.73	0.43	-0.8

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NeoVolta Common Account Relationship Matchups

NeoVolta Common fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Current Liabilities	25.3K	94.2K	1.5M	39.5K	61.1K	58.0K
Net Tangible Assets	3.3M	3.1M	2.6M	6.5M	7.4M	7.8M
Retained Earnings	(2.4M)	(10.0M)	(15.8M)	(18.4M)	(20.7M)	(19.7M)
Total Current Assets	3.4M	3.3M	4.1M	6.5M	4.7M	4.1M
Common Stock	14.4K	19.6K	22.0K	33.2K	33.2K	21.1K
Total Assets	3.4M	3.3M	4.1M	6.5M	4.7M	4.8M
Other Current Liab	21.6K	40.7K	180.8K	39.5K	55.8K	64.1K
Total Stockholder Equity	3.3M	3.1M	2.6M	6.5M	4.6M	4.5M
Net Debt	(1.3M)	(406.4K)	791.3K	(2.0M)	(986.4K)	(1.0M)
Accounts Payable	3.7K	53.5K	205.6K	0.0	5.3K	5.1K
Cash	1.3M	425.7K	330.4K	2.0M	986.4K	1.1M
Cash And Short Term Investments	1.3M	425.7K	330.4K	2.0M	986.4K	1.1M
Common Stock Shares Outstanding	12.4M	17.9M	20.6M	32.0M	33.2M	22.0M
Liabilities And Stockholders Equity	3.4M	3.3M	4.1M	6.5M	4.7M	4.8M
Inventory	1.6M	1.7M	2.2M	2.6M	1.8M	2.0M
Other Current Assets	150.0K	45.9K	478.0K	96.1K	76.8K	73.0K
Other Stockholder Equity	5.7M	13.2M	18.4M	24.9M	25.3M	17.0M
Total Liab	69.3K	113.6K	1.5M	39.5K	61.1K	58.0K

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