Nuvve Average Payables vs Ev To Sales Analysis

NVVEW Stock  USD 0.02  0.01  19.87%   
Nuvve Holding financial indicator trend analysis is infinitely more than just investigating Nuvve Holding Corp recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Nuvve Holding Corp is a good investment. Please check the relationship between Nuvve Holding Average Payables and its Ev To Sales accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nuvve Holding Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

Average Payables vs Ev To Sales

Average Payables vs Ev To Sales Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Nuvve Holding Corp Average Payables account and Ev To Sales. At this time, the significance of the direction appears to have strong relationship.
The correlation between Nuvve Holding's Average Payables and Ev To Sales is 0.61. Overlapping area represents the amount of variation of Average Payables that can explain the historical movement of Ev To Sales in the same time period over historical financial statements of Nuvve Holding Corp, assuming nothing else is changed. The correlation between historical values of Nuvve Holding's Average Payables and Ev To Sales is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Average Payables of Nuvve Holding Corp are associated (or correlated) with its Ev To Sales. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Ev To Sales has no effect on the direction of Average Payables i.e., Nuvve Holding's Average Payables and Ev To Sales go up and down completely randomly.

Correlation Coefficient

0.61
Relationship DirectionPositive 
Relationship StrengthSignificant

Average Payables

The average amount owed to suppliers and creditors over a specific period, reflecting the company's payment cycle and credit terms with suppliers.

Ev To Sales

The Enterprise Value to Sales ratio, a valuation metric used to compare the value of a company, including debt and excluding cash, to its sales revenue.
Most indicators from Nuvve Holding's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Nuvve Holding Corp 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 Nuvve Holding Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.
Selling General Administrative is likely to drop to about 17.5 M in 2024. Tax Provision is likely to drop to 720.00 in 2024
 2021 2022 2023 2024 (projected)
Interest Expense585.2K134.6K154.8K286.4K
Depreciation And Amortization236.6K289.5K396.2K283.8K

Nuvve Holding fundamental ratios Correlations

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0.650.840.790.510.980.95-0.32-0.920.40.520.540.350.80.50.86-0.560.20.80.850.940.980.910.710.03-0.92
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0.960.420.510.620.560.54-0.97-0.250.920.990.950.950.490.990.720.04-0.330.490.790.280.620.650.91-0.13-0.38
0.690.880.980.820.560.99-0.39-0.910.450.590.550.350.830.580.8-0.490.070.830.920.950.990.940.790.08-0.91
0.680.910.950.840.540.99-0.37-0.910.450.580.520.320.850.570.77-0.490.00.850.920.950.980.940.780.15-0.92
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-0.47-0.85-0.92-0.75-0.25-0.91-0.910.03-0.2-0.27-0.34-0.08-0.83-0.25-0.720.78-0.18-0.83-0.74-0.94-0.89-0.84-0.57-0.160.98
0.910.50.40.730.920.450.45-0.86-0.20.920.930.920.610.920.73-0.03-0.620.610.710.170.520.670.850.23-0.39
0.950.490.520.660.990.590.58-0.96-0.270.920.910.90.531.00.690.08-0.410.530.830.320.640.690.93-0.03-0.4
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0.890.250.350.520.950.350.32-0.92-0.080.920.90.960.370.90.70.05-0.340.370.60.060.440.50.78-0.13-0.23
0.680.970.80.980.490.830.85-0.29-0.830.610.530.570.370.520.84-0.6-0.361.00.810.770.850.960.740.54-0.92
0.940.480.50.650.990.580.57-0.97-0.250.921.00.910.90.520.670.1-0.420.520.820.310.620.680.93-0.04-0.38
0.840.750.860.870.720.80.77-0.53-0.720.730.690.830.70.840.67-0.54-0.090.840.810.660.870.90.80.13-0.82
-0.23-0.51-0.56-0.480.04-0.49-0.49-0.270.78-0.030.08-0.20.05-0.60.1-0.54-0.2-0.6-0.35-0.54-0.51-0.5-0.25-0.130.77
-0.33-0.30.2-0.43-0.330.070.00.37-0.18-0.62-0.41-0.3-0.34-0.36-0.42-0.09-0.2-0.36-0.20.220.05-0.23-0.33-0.720.0
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0.890.820.850.850.790.920.92-0.67-0.740.710.830.760.60.810.820.81-0.35-0.20.810.760.930.930.960.07-0.81
0.430.860.940.710.280.950.95-0.1-0.940.170.320.270.060.770.310.66-0.540.220.770.760.920.840.550.14-0.9
0.750.870.980.850.620.990.98-0.44-0.890.520.640.630.440.850.620.87-0.510.050.850.930.920.960.820.08-0.92
0.80.950.910.970.650.940.94-0.47-0.840.670.690.680.50.960.680.9-0.5-0.230.960.930.840.960.860.32-0.92
0.980.690.710.810.910.790.78-0.82-0.570.850.930.890.780.740.930.8-0.25-0.330.740.960.550.820.860.03-0.67
-0.020.540.030.52-0.130.080.150.19-0.160.23-0.03-0.09-0.130.54-0.040.13-0.13-0.720.540.070.140.080.320.03-0.27
-0.6-0.91-0.92-0.87-0.38-0.91-0.920.150.98-0.39-0.4-0.48-0.23-0.92-0.38-0.820.770.0-0.92-0.81-0.9-0.92-0.92-0.67-0.27
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Nuvve Holding Account Relationship Matchups

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