New Net Receivables vs Cash Analysis

NSE Stock  CAD 0.72  0.02  2.86%   
New Stratus financial indicator trend analysis is infinitely more than just investigating New Stratus Energy recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether New Stratus Energy is a good investment. Please check the relationship between New Stratus Net Receivables and its Cash accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in New Stratus Energy. 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.

Net Receivables vs Cash

Net Receivables vs Cash Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of New Stratus Energy Net Receivables account and Cash. At this time, the significance of the direction appears to have weak relationship.
The correlation between New Stratus' Net Receivables and Cash is 0.36. Overlapping area represents the amount of variation of Net Receivables that can explain the historical movement of Cash in the same time period over historical financial statements of New Stratus Energy, assuming nothing else is changed. The correlation between historical values of New Stratus' Net Receivables and Cash 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 Receivables of New Stratus Energy are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Net Receivables i.e., New Stratus' Net Receivables and Cash go up and down completely randomly.

Correlation Coefficient

0.36
Relationship DirectionPositive 
Relationship StrengthVery Weak

Net Receivables

Cash

Cash refers to the most liquid asset of New Stratus Energy, which is listed under current asset account on New Stratus Energy balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from New Stratus customers. The amounts must be unrestricted with restricted cash listed in a different New Stratus account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.
Most indicators from New Stratus' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into New Stratus Energy 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 New Stratus Energy. 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, New Stratus' Selling General Administrative is fairly stable compared to the past year. Enterprise Value is likely to climb to about 66.7 M in 2024, whereas Tax Provision is likely to drop 4,242 in 2024.

New Stratus fundamental ratios Correlations

0.780.95-0.02-0.790.20.840.760.010.760.880.850.64-0.190.981.00.780.96-0.010.730.84-0.61-0.610.540.91-0.46
0.780.550.07-0.250.350.990.190.110.190.980.410.02-0.110.870.771.00.930.41.00.36-0.32-0.320.270.460.03
0.950.550.01-0.920.130.640.90.030.90.690.910.83-0.190.880.950.550.82-0.210.50.93-0.66-0.660.580.98-0.62
-0.020.070.010.210.420.04-0.211.0-0.210.03-0.24-0.190.4-0.04-0.090.07-0.010.320.09-0.190.140.14-0.31-0.170.18
-0.79-0.25-0.920.210.1-0.36-0.980.2-0.98-0.42-0.93-0.960.25-0.68-0.8-0.24-0.590.42-0.18-0.950.670.67-0.62-0.960.65
0.20.350.130.420.10.29-0.110.44-0.110.33-0.23-0.160.20.230.170.360.280.260.39-0.220.250.25-0.520.00.13
0.840.990.640.04-0.360.290.30.080.30.990.520.14-0.140.920.840.980.960.340.970.46-0.43-0.430.350.55-0.02
0.760.190.9-0.21-0.98-0.110.3-0.211.00.360.920.98-0.220.640.770.190.54-0.440.120.96-0.63-0.630.610.96-0.77
0.010.110.031.00.20.440.08-0.21-0.210.07-0.23-0.20.410.0-0.060.120.030.330.13-0.180.160.16-0.32-0.150.18
0.760.190.9-0.21-0.98-0.110.31.0-0.210.360.920.98-0.220.640.770.190.54-0.440.120.96-0.63-0.630.610.96-0.77
0.880.980.690.03-0.420.330.990.360.070.360.560.2-0.160.950.870.980.980.290.970.51-0.43-0.430.360.61-0.1
0.850.410.91-0.24-0.93-0.230.520.92-0.230.920.560.86-0.440.770.860.410.7-0.380.350.98-0.8-0.80.830.95-0.63
0.640.020.83-0.19-0.96-0.160.140.98-0.20.980.20.86-0.180.50.650.020.39-0.5-0.050.91-0.58-0.580.560.9-0.79
-0.19-0.11-0.190.40.250.2-0.14-0.220.41-0.22-0.16-0.44-0.18-0.18-0.22-0.12-0.180.51-0.11-0.280.570.57-0.74-0.240.12
0.980.870.88-0.04-0.680.230.920.640.00.640.950.770.5-0.180.980.870.990.10.840.75-0.56-0.560.50.83-0.35
1.00.770.95-0.09-0.80.170.840.77-0.060.770.870.860.65-0.220.980.770.95-0.030.720.85-0.62-0.620.560.92-0.47
0.781.00.550.07-0.240.360.980.190.120.190.980.410.02-0.120.870.770.930.391.00.35-0.33-0.330.270.450.03
0.960.930.82-0.01-0.590.280.960.540.030.540.980.70.39-0.180.990.950.930.170.90.66-0.52-0.520.450.76-0.26
-0.010.4-0.210.320.420.260.34-0.440.33-0.440.29-0.38-0.50.510.1-0.030.390.170.42-0.360.390.39-0.41-0.290.4
0.731.00.50.09-0.180.390.970.120.130.120.970.35-0.05-0.110.840.721.00.90.420.29-0.29-0.290.220.390.1
0.840.360.93-0.19-0.95-0.220.460.96-0.180.960.510.980.91-0.280.750.850.350.66-0.360.29-0.74-0.740.750.97-0.73
-0.61-0.32-0.660.140.670.25-0.43-0.630.16-0.63-0.43-0.8-0.580.57-0.56-0.62-0.33-0.520.39-0.29-0.741.0-0.77-0.670.41
-0.61-0.32-0.660.140.670.25-0.43-0.630.16-0.63-0.43-0.8-0.580.57-0.56-0.62-0.33-0.520.39-0.29-0.741.0-0.77-0.670.41
0.540.270.58-0.31-0.62-0.520.350.61-0.320.610.360.830.56-0.740.50.560.270.45-0.410.220.75-0.77-0.770.63-0.45
0.910.460.98-0.17-0.960.00.550.96-0.150.960.610.950.9-0.240.830.920.450.76-0.290.390.97-0.67-0.670.63-0.68
-0.460.03-0.620.180.650.13-0.02-0.770.18-0.77-0.1-0.63-0.790.12-0.35-0.470.03-0.260.40.1-0.730.410.41-0.45-0.68
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New Stratus Account Relationship Matchups

New Stratus fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets943.2K2.1M104.2M48.7M56.0M58.8M
Total Current Liabilities1.9M860.0K72.4M3.9M4.5M5.9M
Total Stockholder Equity(961.8K)1.2M28.3M22.1M25.4M26.6M
Net Debt(141.0K)(867.4K)(15.5M)(33.6M)(30.3M)(28.7M)
Retained Earnings(18.5M)(19.6M)(4.8M)(15.0M)(13.5M)(14.2M)
Accounts Payable1.2M500.4K11.5M1.9M2.2M1.5M
Cash252.9K867.4K15.5M33.6M38.7M40.6M
Non Current Assets Total660.1K1.1M2.6M636.4K572.7K544.1K
Cash And Short Term Investments252.9K867.4K15.5M33.6M38.7M40.6M
Net Receivables25.0K41.6K53.3M7.5M8.6M9.0M
Common Stock Shares Outstanding37.8M54.1M108.1M121.9M123.0M129.1M
Liabilities And Stockholders Equity943.2K2.1M104.2M48.7M56.0M58.8M
Other Stockholder Equity1.3M2.3M4.3M4.3M3.9M5.0M
Total Liab1.9M860.0K75.9M26.6M30.6M32.1M
Total Current Assets283.1K913.8K101.5M48.0M55.2M58.0M
Other Current Liab594.8K359.6K60.9M2.0M2.3M4.5M
Other Current Assets5.2K4.8K26.7M6.9M8.0M8.4M
Accumulated Other Comprehensive Income(8.1K)(930.0)(371.1K)965.0K1.1M1.2M
Non Currrent Assets Other1.4K1.2K400.9K7.1K6.4K6.0K
Common Stock16.2M18.5M29.2M31.8M36.6M38.4M
Net Invested Capital(850.0K)1.2M28.3M22.1M25.4M26.6M
Capital Stock16.2M18.5M29.2M31.8M36.6M24.2M
Net Working Capital(1.6M)53.8K29.1M44.1M50.7M53.2M

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