NextSource Historical Cash Flow
| NEXT Stock | CAD 0.53 0.01 1.92% |
Analysis of NextSource Materials cash flow over time is an excellent tool to project NextSource Materials future capital expenditures as well as to predict the amount of cash needed to cover cost of sales, R&D expenses or production expansions. Investors should almost always look for trends in cash flow indicators such as Capital Expenditures of 12.8 M or End Period Cash Flow of 11.3 M as it is a great indicator of NextSource Materials ability to facilitate future growth, repay debt on time or pay out dividends.
Financial Statement Analysis is much more than just reviewing and examining NextSource Materials latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether NextSource Materials is a good buy for the upcoming year.
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About NextSource Cash Flow Analysis
The Cash Flow Statement is a financial statement that shows how changes in NextSource balance sheet and income statement accounts affect cash and cash equivalents. It breaks the analysis down to operating, investing, and financing activities. One of the most critical aspects of the cash flow statement is liquidity, which is the degree to which NextSource's non-liquid assets can be easily converted into cash.
NextSource Materials Cash Flow Chart
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Free Cash Flow
The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in NextSource Materials financial statement analysis. It represents the amount of money remaining after all of NextSource Materials operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Most accounts from NextSource Materials' cash flow statement are interrelated and interconnected. However, analyzing cash flow statement accounts one by one will only give a small insight into NextSource Materials current financial condition. On the other hand, looking into the entire matrix of cash flow statement accounts, 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 NextSource Materials. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. At this time, NextSource Materials' Change To Liabilities is very stable compared to the past year.
NextSource Materials cash flow statement Correlations
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NextSource Materials Account Relationship Matchups
High Positive Relationship
High Negative Relationship
NextSource Materials cash flow statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Change In Cash | (307.0K) | 22.2M | (12.6M) | (2.9M) | 3.9M | 4.1M | |
| Free Cash Flow | (1.3M) | (5.8M) | (14.6M) | (20.6M) | (21.0M) | (20.0M) | |
| Change In Working Capital | 43.5K | 293.7K | 676.7K | 667.7K | (2.2M) | (2.1M) | |
| Begin Period Cash Flow | 529.3K | 222.3K | 22.4M | 9.8M | 6.9M | 4.2M | |
| Other Non Cash Items | (397.6K) | 1.4K | 450.2K | 3.1M | 1.5M | 1.1M | |
| Total Cash From Operating Activities | (1.3M) | (1.4M) | (1.6M) | (7.0M) | (8.9M) | (8.4M) | |
| Net Income | (977.6K) | (42.0M) | 16.1M | (11.7M) | (8.8M) | (9.2M) | |
| End Period Cash Flow | 222.3K | 22.4M | 9.8M | 6.9M | 10.8M | 11.3M | |
| Other Cashflows From Financing Activities | (7.8K) | 7.9M | 2.1M | 20.0M | (3.4M) | (3.3M) | |
| Total Cash From Financing Activities | 1.0M | 27.8M | 2.1M | 18.5M | 33.7M | 35.4M | |
| Stock Based Compensation | 0.0 | 3.7M | 315.7K | 514.0K | 334.4K | 317.7K | |
| Change To Account Receivables | 51.05 | (112.32) | (525.71) | (465.92) | (1.5K) | (1.6K) | |
| Sale Purchase Of Stock | 998.6K | 21.6M | 2.1M | 17.0M | 19.6M | 20.5M | |
| Change To Netincome | (397.6K) | 40.2M | (18.5M) | 3.6M | 4.1M | 3.0M | |
| Change To Liabilities | (69.7K) | (89.2K) | 1.3M | 1.1M | 1.3M | 1.4M |
Pair Trading with NextSource Materials
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if NextSource Materials position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in NextSource Materials will appreciate offsetting losses from the drop in the long position's value.Moving together with NextSource Stock
Moving against NextSource Stock
| 0.95 | BNS | Bank of Nova Scotia Earnings Call This Week | PairCorr |
| 0.9 | WMT | Walmart Inc CDR | PairCorr |
| 0.84 | BOFA | Bank of America | PairCorr |
| 0.82 | AMZN | Amazon CDR | PairCorr |
| 0.75 | FDY | Faraday Copper Corp | PairCorr |
The ability to find closely correlated positions to NextSource Materials could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace NextSource Materials when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back NextSource Materials - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling NextSource Materials to buy it.
The correlation of NextSource Materials is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as NextSource Materials moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if NextSource Materials moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for NextSource Materials can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in NextSource Stock
The Cash Flow Statement is a financial statement that shows how changes in NextSource balance sheet and income statement accounts affect cash and cash equivalents. It breaks the analysis down to operating, investing, and financing activities. One of the most critical aspects of the cash flow statement is liquidity, which is the degree to which NextSource's non-liquid assets can be easily converted into cash.