Nano Current Deferred Revenue vs Total Assets Analysis

NNOX Stock  USD 6.48  0.12  1.89%   
Nano X financial indicator trend analysis is infinitely more than just investigating Nano X Imaging recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Nano X Imaging is a good investment. Please check the relationship between Nano X Current Deferred Revenue and its Total Assets accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nano X Imaging. 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.

Current Deferred Revenue vs Total Assets

Current Deferred Revenue vs Total Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Nano X Imaging Current Deferred Revenue account and Total Assets. At this time, the significance of the direction appears to have pay attention.
The correlation between Nano X's Current Deferred Revenue and Total Assets is -0.98. Overlapping area represents the amount of variation of Current Deferred Revenue that can explain the historical movement of Total Assets in the same time period over historical financial statements of Nano X Imaging, assuming nothing else is changed. The correlation between historical values of Nano X's Current Deferred Revenue and Total Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Current Deferred Revenue of Nano X Imaging are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Current Deferred Revenue i.e., Nano X's Current Deferred Revenue and Total Assets go up and down completely randomly.

Correlation Coefficient

-0.98
Relationship DirectionNegative 
Relationship StrengthSignificant

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.

Total Assets

Total assets refers to the total amount of Nano X assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Nano X Imaging books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.
Most indicators from Nano X's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Nano X Imaging 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 Nano X Imaging. 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, Nano X's Selling General Administrative is fairly stable compared to the past year. Issuance Of Capital Stock is likely to rise to about 37.7 M in 2024, whereas Tax Provision is likely to drop (1.4 M) in 2024.
 2021 2022 2023 2024 (projected)
Interest Expense2.0M60.2M69.2M72.7M
Depreciation And Amortization2.3M11.5M11.8M12.4M

Nano X fundamental ratios Correlations

0.580.691.00.90.91-0.66-0.770.870.70.90.810.930.750.890.690.950.781.00.90.820.950.710.950.920.83
0.580.930.510.230.47-0.03-0.20.560.040.780.130.390.430.80.10.420.920.510.460.140.41-0.040.410.790.42
0.690.930.630.360.6-0.11-0.430.670.150.860.260.510.610.860.180.560.990.630.590.260.560.080.560.890.6
1.00.510.630.930.91-0.71-0.780.850.750.860.860.950.730.850.730.960.721.00.90.860.960.770.960.890.82
0.90.230.360.930.78-0.9-0.690.670.920.630.980.920.580.610.880.880.460.930.770.980.890.940.890.710.68
0.910.470.60.910.78-0.42-0.910.980.470.90.630.930.90.890.420.980.710.911.00.640.970.550.970.820.96
-0.66-0.03-0.11-0.71-0.9-0.420.35-0.28-1.0-0.28-0.97-0.69-0.23-0.26-0.98-0.57-0.17-0.71-0.41-0.96-0.61-0.97-0.61-0.45-0.31
-0.77-0.2-0.43-0.78-0.69-0.910.35-0.89-0.42-0.74-0.57-0.82-0.92-0.72-0.34-0.9-0.54-0.78-0.92-0.58-0.9-0.51-0.9-0.63-0.92
0.870.560.670.850.670.98-0.28-0.890.330.930.510.870.930.920.290.940.770.850.980.520.930.40.930.810.94
0.70.040.150.750.920.47-1.0-0.420.330.330.980.720.290.310.980.620.210.740.460.980.660.980.660.490.37
0.90.780.860.860.630.9-0.28-0.740.930.330.480.790.81.00.330.870.930.870.90.490.850.340.850.950.86
0.810.130.260.860.980.63-0.97-0.570.510.980.480.830.450.470.960.760.330.850.631.00.790.980.790.60.53
0.930.390.510.950.920.93-0.69-0.820.870.720.790.830.810.760.650.970.610.950.930.840.980.770.980.790.87
0.750.430.610.730.580.9-0.23-0.920.930.290.80.450.810.780.20.860.690.740.90.460.880.350.880.680.91
0.890.80.860.850.610.89-0.26-0.720.920.311.00.470.760.780.330.850.940.860.880.480.830.320.830.940.83
0.690.10.180.730.880.42-0.98-0.340.290.980.330.960.650.20.330.570.240.730.410.950.60.950.60.50.28
0.950.420.560.960.880.98-0.57-0.90.940.620.870.760.970.860.850.570.670.960.980.771.00.691.00.820.93
0.780.920.990.720.460.71-0.17-0.540.770.210.930.330.610.690.940.240.670.720.70.340.670.160.670.930.7
1.00.510.631.00.930.91-0.71-0.780.850.740.870.850.950.740.860.730.960.720.90.860.960.770.960.890.82
0.90.460.590.90.771.0-0.41-0.920.980.460.90.630.930.90.880.410.980.70.90.640.970.540.970.810.96
0.820.140.260.860.980.64-0.96-0.580.520.980.491.00.840.460.480.950.770.340.860.640.80.980.80.610.54
0.950.410.560.960.890.97-0.61-0.90.930.660.850.790.980.880.830.61.00.670.960.970.80.711.00.810.91
0.71-0.040.080.770.940.55-0.97-0.510.40.980.340.980.770.350.320.950.690.160.770.540.980.710.710.460.44
0.950.410.560.960.890.97-0.61-0.90.930.660.850.790.980.880.830.61.00.670.960.970.81.00.710.810.91
0.920.790.890.890.710.82-0.45-0.630.810.490.950.60.790.680.940.50.820.930.890.810.610.810.460.810.79
0.830.420.60.820.680.96-0.31-0.920.940.370.860.530.870.910.830.280.930.70.820.960.540.910.440.910.79
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Nano X Account Relationship Matchups

Nano X fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets11.9M236.1M363.2M253.9M218.6M199.0M
Other Current Liab17.8M3.0M48.3M19.8M7.3M7.0M
Total Current Liabilities20.3M4.5M52.8M17.1M15.5M21.7M
Total Stockholder Equity(8.8M)230.7M292.1M224.7M195.5M170.1M
Net Tangible Assets(8.8M)230.7M132.0M118.0M135.7M102.4M
Property Plant And Equipment Net754K15.4M39.2M44.7M46.9M27.0M
Net Debt(7.5M)(212.0M)(60.9M)(33.8M)(48.0M)(50.4M)
Retained Earnings(40.6M)(84.4M)(146.2M)(251.5M)(320.2M)(304.2M)
Accounts Payable475K435K3.1M3.6M3.3M2.0M
Cash8.1M213.5M66.6M38.5M56.4M70.2M
Non Current Assets Total2.2M16.4M268.3M171.5M130.0M107.9M
Cash And Short Term Investments8.1M213.5M88.7M77.6M82.4M86.2M
Common Stock Shares Outstanding45.7M35.7M48.2M52.2M56.4M49.9M
Liabilities And Stockholders Equity11.9M236.1M363.2M253.9M218.6M199.0M
Non Current Liabilities Total386K923K18.3M12.2M7.6M7.2M
Capital Lease Obligations526K1.4M1.8M1.1M4.9M5.2M
Other Current Assets1.6M11.1M5.1M3.9M2.4M4.7M
Other Stockholder Equity31.7M315.0M438.8M478.0M515.9M328.4M
Total Liab20.6M5.4M71.0M29.3M23.1M28.9M
Net Invested Capital(8.8M)230.7M296.1M228.2M199.0M172.1M
Property Plant And Equipment Gross754K15.4M39.2M44.7M49.6M27.5M
Total Current Assets9.6M219.8M94.9M82.5M88.6M91.1M
Accumulated Other Comprehensive Income(136K)(344K)(607K)(2.0M)(305K)(320.3K)
Capital Stock75K131K149K158K165K134.9K
Net Working Capital(10.6M)215.3M42.1M65.4M73.1M69.4M
Common Stock75K131K149K158K165K134.9K
Property Plant Equipment754K10.1M39.2M13.0M14.9M13.9M

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