NexGen Historical Income Statement
| NXE Stock | CAD 11.91 0.13 1.10% |
Historical analysis of NexGen Energy income statement accounts such as Other Operating Expenses of 87.1 M can show how well NexGen Energy performed in making a profits. Evaluating NexGen Energy income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of NexGen Energy's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining NexGen Energy 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 NexGen Energy is a good buy for the upcoming year.
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About NexGen Income Statement Analysis
NexGen Energy Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to NexGen Energy shareholders. The income statement also shows NexGen investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
NexGen Energy Income Statement Chart
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Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of NexGen Energy. It is also known as NexGen Energy overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.Total Operating Expenses
The total costs associated with the day-to-day operations of a business, excluding the cost of goods sold but including selling, general, and administrative expenses.Most accounts from NexGen Energy's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into NexGen Energy current financial condition. On the other hand, looking into the entire matrix of income 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 NexGen 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. To learn how to invest in NexGen Stock, please use our How to Invest in NexGen Energy guide.At this time, NexGen Energy's Minority Interest is very stable compared to the past year. As of the 30th of November 2024, Reconciled Depreciation is likely to grow to about 2 M, while Depreciation And Amortization is likely to drop about 1.3 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Interest Income | 910K | 2.8M | 6.0M | 4.9M | Minority Interest | 7.9M | 3.7M | 10.6M | 13.6M |
NexGen Energy income statement Correlations
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NexGen Energy Account Relationship Matchups
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High Negative Relationship
NexGen Energy income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Depreciation And Amortization | 2.4M | 2.3M | 2.1M | 1.8M | 1.8M | 1.3M | |
| Interest Expense | 12.0M | 13.6M | 4.0M | 2.4M | 6.3M | 5.8M | |
| Selling General Administrative | 23.2M | 21.3M | 49.0M | 58.0M | 33.1M | 23.1M | |
| Other Operating Expenses | 25.6M | 23.6M | 51.2M | 59.8M | 82.9M | 87.1M | |
| Operating Income | (1.9M) | (113.8M) | (125.4M) | (59.9M) | (82.9M) | (78.8M) | |
| Ebit | (3.6M) | (100.2M) | (121.8M) | (59.9M) | (85.5M) | (81.2M) | |
| Ebitda | (1.2M) | (97.9M) | (119.7M) | (58.0M) | (83.7M) | (79.5M) | |
| Total Operating Expenses | 25.6M | 23.6M | 51.2M | 59.8M | 82.9M | 87.1M | |
| Income Before Tax | (15.6M) | (113.8M) | (125.8M) | (61.3M) | 67.8M | 71.2M | |
| Total Other Income Expense Net | (13.7M) | (92.5M) | (76.8M) | (1.5M) | 150.8M | 158.3M | |
| Net Income | (16.5M) | (114.5M) | (126.9M) | (60.3M) | 80.8M | 84.9M | |
| Income Tax Expense | 932.3K | 702.3K | 1.1M | (1.0M) | (1.4M) | (1.3M) | |
| Gross Profit | (2.4M) | (2.3M) | (2.1M) | (1.8M) | (1.8M) | (1.9M) | |
| Net Income From Continuing Ops | (16.5M) | (114.5M) | (126.9M) | (60.3M) | 70.2M | 73.7M | |
| Cost Of Revenue | 2.4M | 2.3M | 2.1M | 1.8M | 1.8M | 1.4M | |
| Net Income Applicable To Common Shares | (15.5M) | (109.8M) | (119.1M) | (56.6M) | (50.9M) | (53.5M) | |
| Minority Interest | 24.5M | 25.0M | 7.9M | 3.7M | 10.6M | 13.6M | |
| Interest Income | 10.2M | 410.5K | 910K | 2.8M | 6.0M | 4.9M | |
| Tax Provision | 932.3K | 702.3K | 1.1M | (1.0M) | (1.4M) | (1.3M) | |
| Net Interest Income | (10.2M) | (13.2M) | (3.1M) | 401K | (221K) | (232.1K) | |
| Reconciled Depreciation | 2.4M | 2.3M | 2.1M | 1.8M | 1.8M | 2.0M |
Pair Trading with NexGen Energy
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 NexGen Energy 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 NexGen Energy will appreciate offsetting losses from the drop in the long position's value.Moving together with NexGen Stock
| 0.92 | ENB-PFV | Enbridge Pref 5 | PairCorr |
| 0.7 | ENB-PFU | Enbridge Pref L | PairCorr |
| 0.93 | ENS | E Split Corp | PairCorr |
| 0.84 | ENS-PA | E Split Corp | PairCorr |
Moving against NexGen Stock
The ability to find closely correlated positions to NexGen Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace NexGen Energy 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 NexGen Energy - 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 NexGen Energy to buy it.
The correlation of NexGen Energy 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 NexGen Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if NexGen Energy 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 NexGen Energy 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.Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NexGen 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. To learn how to invest in NexGen Stock, please use our How to Invest in NexGen Energy guide.You can also try the Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.