Nano Operating Cash Flow Per Share vs Free Cash Flow Yield Analysis

NNOX Stock  USD 6.46  0.18  2.87%   
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 Operating Cash Flow Per Share and its Free Cash Flow Yield 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.

Operating Cash Flow Per Share vs Free Cash Flow Yield

Operating Cash Flow Per Share vs Free Cash Flow Yield Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Nano X Imaging Operating Cash Flow Per Share account and Free Cash Flow Yield. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Nano X's Operating Cash Flow Per Share and Free Cash Flow Yield is 0.94. Overlapping area represents the amount of variation of Operating Cash Flow Per Share that can explain the historical movement of Free Cash Flow Yield 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 Operating Cash Flow Per Share and Free Cash Flow Yield is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Operating Cash Flow Per Share of Nano X Imaging are associated (or correlated) with its Free Cash Flow Yield. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow Yield has no effect on the direction of Operating Cash Flow Per Share i.e., Nano X's Operating Cash Flow Per Share and Free Cash Flow Yield go up and down completely randomly.

Correlation Coefficient

0.94
Relationship DirectionPositive 
Relationship StrengthVery Strong

Operating Cash Flow Per Share

A measure of the cash generated from a company's normal business operations per share, indicating how much cash is generated from a company's business operations on a per-share basis.

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.
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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