NexGen Capital Expenditures vs Free Cash Flow Analysis

NXE Stock

CAD 12.42 0.22 1.80%

NexGen Energy financial indicator trend analysis is infinitely more than just investigating NexGen Energy recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether NexGen Energy is a good investment. Please check the relationship between NexGen Energy Capital Expenditures and its Free Cash Flow accounts. 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.

Capital Expenditures vs Free Cash Flow

Capital Expenditures vs Free Cash Flow Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of NexGen Energy Capital Expenditures account and Free Cash Flow. At this time, the significance of the direction appears to have pay attention.

The correlation between NexGen Energy's Capital Expenditures and Free Cash Flow is -0.75. Overlapping area represents the amount of variation of Capital Expenditures that can explain the historical movement of Free Cash Flow in the same time period over historical financial statements of NexGen Energy, assuming nothing else is changed. The correlation between historical values of NexGen Energy's Capital Expenditures and Free Cash Flow is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Capital Expenditures of NexGen Energy are associated (or correlated) with its Free Cash Flow. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow has no effect on the direction of Capital Expenditures i.e., NexGen Energy's Capital Expenditures and Free Cash Flow go up and down completely randomly.

Correlation Coefficient

-0.75

Relationship Direction	Negative
Relationship Strength	Weak

View All Relationships

Capital Expenditures

Capital Expenditures are funds used by NexGen Energy to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of NexGen Energy operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.

Free Cash Flow

The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.

Most indicators from NexGen Energy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators 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 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 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 Issuance Of Capital Stock is very stable compared to the past year. As of the 23rd of November 2024, Enterprise Value is likely to grow to about 2.7 B, while Selling General Administrative is likely to drop about 23.1 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

Interest Income Minority Interest

NexGen Energy fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Debt	Retained Earnings	Cash	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Common Stock Shares Outstanding	Inventory	Other Current Assets	Total Liab	Total Current Assets	Common Stock	Property Plant And Equipment Net	Accounts Payable	Non Current Assets Total	Other Assets	Non Current Liabilities Total	Other Stockholder Equity	Property Plant And Equipment Gross	Short Long Term Debt Total	Other Liab	Net Tangible Assets
Total Assets		0.96	0.97	0.98	-0.57	-0.85	0.96	0.96	0.96	0.88	0.75	-0.38	0.89	0.61	0.97	0.97	0.95	-0.1	0.99	0.28	0.57	0.1	0.96	0.45	0.57	0.94
Other Current Liab	0.96		1.0	0.97	-0.59	-0.81	0.89	0.88	0.97	0.76	0.61	-0.27	0.94	0.48	0.89	0.96	0.89	-0.26	0.97	0.14	0.43	-0.14	0.9	0.29	0.43	0.9
Total Current Liabilities	0.97	1.0		0.97	-0.59	-0.81	0.9	0.89	0.96	0.78	0.63	-0.3	0.94	0.5	0.9	0.96	0.91	-0.21	0.98	0.23	0.45	-0.11	0.91	0.3	0.43	0.9
Total Stockholder Equity	0.98	0.97	0.97		-0.72	-0.81	0.94	0.94	0.97	0.78	0.65	-0.32	0.92	0.43	0.94	0.98	0.89	-0.2	0.97	0.19	0.39	-0.04	0.9	0.28	0.55	0.95
Net Debt	-0.57	-0.59	-0.59	-0.72		0.47	-0.64	-0.63	-0.66	-0.26	-0.21	0.07	-0.62	0.19	-0.64	-0.68	-0.42	0.35	-0.52	0.02	0.21	0.27	-0.44	0.17	-0.46	-0.72
Retained Earnings	-0.85	-0.81	-0.81	-0.81	0.47		-0.8	-0.8	-0.83	-0.86	-0.8	0.36	-0.58	-0.58	-0.8	-0.9	-0.94	0.24	-0.86	-0.2	-0.52	-0.27	-0.94	-0.33	-0.77	-0.92
Cash	0.96	0.89	0.9	0.94	-0.64	-0.8		0.99	0.89	0.85	0.72	-0.37	0.82	0.6	0.99	0.93	0.88	-0.07	0.92	0.32	0.57	0.16	0.89	0.52	0.59	0.91
Cash And Short Term Investments	0.96	0.88	0.89	0.94	-0.63	-0.8	0.99		0.91	0.86	0.74	-0.39	0.81	0.6	1.0	0.93	0.88	-0.05	0.92	0.31	0.57	0.17	0.89	0.52	0.6	0.92
Net Receivables	0.96	0.97	0.96	0.97	-0.66	-0.83	0.89	0.91		0.78	0.68	-0.35	0.88	0.43	0.92	0.97	0.9	-0.18	0.95	0.14	0.39	-0.09	0.91	0.3	0.51	0.95
Common Stock Total Equity	0.88	0.76	0.78	0.78	-0.26	-0.86	0.85	0.86	0.78		0.93	-0.57	0.59	0.81	0.85	0.83	0.95	0.16	0.88	0.44	0.81	0.46	0.94	0.66	0.64	0.82
Common Stock Shares Outstanding	0.75	0.61	0.63	0.65	-0.21	-0.8	0.72	0.74	0.68	0.93		-0.6	0.41	0.78	0.73	0.72	0.86	0.29	0.74	0.46	0.77	0.52	0.85	0.61	0.65	0.74
Inventory	-0.38	-0.27	-0.3	-0.32	0.07	0.36	-0.37	-0.39	-0.35	-0.57	-0.6		-0.19	-0.41	-0.38	-0.35	-0.45	-0.26	-0.38	-0.28	-0.45	-0.31	-0.42	-0.42	-0.29	-0.35
Other Current Assets	0.89	0.94	0.94	0.92	-0.62	-0.58	0.82	0.81	0.88	0.59	0.41	-0.19		0.33	0.83	0.86	0.73	-0.26	0.89	0.09	0.31	-0.27	0.74	0.21	0.27	0.77
Total Liab	0.61	0.48	0.5	0.43	0.19	-0.58	0.6	0.6	0.43	0.81	0.78	-0.41	0.33		0.59	0.48	0.69	0.28	0.61	0.44	0.97	0.54	0.68	0.83	0.36	0.43
Total Current Assets	0.97	0.89	0.9	0.94	-0.64	-0.8	0.99	1.0	0.92	0.85	0.73	-0.38	0.83	0.59		0.94	0.89	-0.06	0.93	0.3	0.56	0.15	0.89	0.51	0.59	0.92
Common Stock	0.97	0.96	0.96	0.98	-0.68	-0.9	0.93	0.93	0.97	0.83	0.72	-0.35	0.86	0.48	0.94		0.94	-0.24	0.97	0.19	0.44	0.05	0.95	0.3	0.65	0.98
Property Plant And Equipment Net	0.95	0.89	0.91	0.89	-0.42	-0.94	0.88	0.88	0.9	0.95	0.86	-0.45	0.73	0.69	0.89	0.94		-0.04	0.96	0.33	0.65	0.26	1.0	0.46	0.65	0.93
Accounts Payable	-0.1	-0.26	-0.21	-0.2	0.35	0.24	-0.07	-0.05	-0.18	0.16	0.29	-0.26	-0.26	0.28	-0.06	-0.24	-0.04		-0.12	0.66	0.32	0.43	-0.06	0.34	-0.18	-0.17
Non Current Assets Total	0.99	0.97	0.98	0.97	-0.52	-0.86	0.92	0.92	0.95	0.88	0.74	-0.38	0.89	0.61	0.93	0.97	0.96	-0.12		0.27	0.57	0.08	0.96	0.41	0.54	0.92
Other Assets	0.28	0.14	0.23	0.19	0.02	-0.2	0.32	0.31	0.14	0.44	0.46	-0.28	0.09	0.44	0.3	0.19	0.33	0.66	0.27		0.44	0.41	0.32	0.26	0.08	0.23
Non Current Liabilities Total	0.57	0.43	0.45	0.39	0.21	-0.52	0.57	0.57	0.39	0.81	0.77	-0.45	0.31	0.97	0.56	0.44	0.65	0.32	0.57	0.44		0.54	0.63	0.9	0.32	0.39
Other Stockholder Equity	0.1	-0.14	-0.11	-0.04	0.27	-0.27	0.16	0.17	-0.09	0.46	0.52	-0.31	-0.27	0.54	0.15	0.05	0.26	0.43	0.08	0.41	0.54		0.24	0.42	0.62	0.11
Property Plant And Equipment Gross	0.96	0.9	0.91	0.9	-0.44	-0.94	0.89	0.89	0.91	0.94	0.85	-0.42	0.74	0.68	0.89	0.95	1.0	-0.06	0.96	0.32	0.63	0.24		0.44	0.65	0.93
Short Long Term Debt Total	0.45	0.29	0.3	0.28	0.17	-0.33	0.52	0.52	0.3	0.66	0.61	-0.42	0.21	0.83	0.51	0.3	0.46	0.34	0.41	0.26	0.9	0.42	0.44		0.17	0.26
Other Liab	0.57	0.43	0.43	0.55	-0.46	-0.77	0.59	0.6	0.51	0.64	0.65	-0.29	0.27	0.36	0.59	0.65	0.65	-0.18	0.54	0.08	0.32	0.62	0.65	0.17		0.71
Net Tangible Assets	0.94	0.9	0.9	0.95	-0.72	-0.92	0.91	0.92	0.95	0.82	0.74	-0.35	0.77	0.43	0.92	0.98	0.93	-0.17	0.92	0.23	0.39	0.11	0.93	0.26	0.71

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NexGen Energy Account Relationship Matchups

NexGen Energy fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	313.5M	357.4M	546.6M	554.6M	1.0B	1.1B
Other Current Liab	4.2M	6.5M	7.5M	15.8M	27.0M	28.3M
Total Current Liabilities	4.8M	7.3M	8.2M	16.6M	27.9M	29.3M
Total Stockholder Equity	164.7M	94.3M	433.6M	417.9M	820.0M	861.0M
Net Debt	70.1M	156.9M	(126.6M)	(52.0M)	(130.3M)	(123.8M)
Retained Earnings	(103.4M)	(212.3M)	(333.0M)	(389.9M)	(304.0M)	(288.8M)
Cash	52.1M	74.0M	201.8M	134.4M	290.7M	305.3M
Cash And Short Term Investments	52.1M	74.0M	211.1M	140.2M	290.7M	305.3M
Net Receivables	610.1K	304.6K	1.2M	1.8M	2.5M	2.6M
Common Stock Total Equity	196.3M	208.7M	218.8M	256.0M	294.3M	309.1M
Common Stock Shares Outstanding	402.7M	370.5M	459.3M	479.7M	529.2M	315.9M
Liabilities And Stockholders Equity	313.5M	357.4M	546.6M	554.6M	1.0B	1.1B
Other Current Assets	734.3K	679.7K	1.0M	2.2M	13.8M	14.5M
Total Liab	127.2M	238.1M	85.2M	99.1M	187.4M	96.0M
Total Current Assets	53.5M	75.0M	213.3M	144.2M	307.0M	322.3M
Common Stock	218.8M	256.0M	695.9M	712.6M	1.0B	1.1B
Property Plant And Equipment Net	260.0M	282.3M	333.2M	410.3M	456.8M	479.6M
Accounts Payable	3.2M	6.5K	7.4K	13.7K	26.9K	25.6K
Non Current Assets Total	260.1M	282.4M	333.2M	410.4M	700.5M	735.5M
Other Assets	514.7K	95.8K	85.4K	76K	87.4K	110.8K
Non Current Liabilities Total	122.4M	230.8M	77.0M	82.6M	159.5M	105.5M
Other Stockholder Equity	46.6M	50.6M	70.7M	460K	529K	502.6K
Property Plant And Equipment Gross	260.0M	282.3M	342.9M	421.9M	469.9M	493.4M
Accumulated Other Comprehensive Income	49.3M	50.6M	70.7M	95.1M	114.9M	120.6M
Short Long Term Debt Total	122.2M	230.9M	75.2M	82.5M	160.4M	140.0M
Other Liab	725.1K	711.6K	2.5M	867K	997.1K	732.7K
Net Tangible Assets	161.6M	94.0M	433.3M	417.7M	480.4M	504.4M
Non Currrent Assets Other	95.8K	85.2K	75.7K	75.9K	3.6M	3.8M
Long Term Debt	119.6M	226.9M	72.0M	80.0M	158.5M	126.9M
Short Term Debt	559.0K	777.6K	706K	775K	926K	879.7K
Intangible Assets	287.9K	219.0	312.0	144.0	65.0	61.75
Property Plant Equipment	259.7M	282.1M	332.9M	410.3M	471.8M	495.4M
Long Term Debt Total	121.7M	230.1M	74.5M	81.7M	73.5M	101.5M
Net Invested Capital	284.3M	321.1M	505.6M	497.9M	978.5M	502.6M
Net Working Capital	48.7M	67.7M	205.1M	127.6M	279.1M	158.7M
Capital Stock	218.8M	256.0M	695.9M	712.6M	1.0B	568.5M

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

0.86	ENB-PFV	Enbridge Pref 5	Pair Corr
0.73	ENB-PFU	Enbridge Pref L	Pair Corr
0.87	ENS	E Split Corp	Pair Corr
0.83	ENS-PA	E Split Corp	Pair Corr

Moving against NexGen Stock

0.71

PNC-B

Postmedia Network Canada

Pair Corr

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.

Pair Correlation Correlation Matching

When determining whether NexGen Energy is a strong investment it is important to analyze NexGen Energy's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact NexGen Energy's future performance. For an informed investment choice regarding NexGen Stock, refer to the following important reports:

How To Invest In NexGen

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Is NexGen Stock a good investment?

Details

What is NexGen Energy's Net Worth?

Details

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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 Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.

Please note, there is a significant difference between NexGen Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if NexGen Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, NexGen Energy's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

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NexGen Capital Expenditures vs Free Cash Flow Analysis

Capital Expenditures vs Free Cash Flow

Capital Expenditures vs Free Cash Flow Correlation Analysis

Correlation Coefficient

Capital Expenditures

Free Cash Flow

NexGen Energy fundamental ratios Correlations

NexGen Energy Account Relationship Matchups

High Positive Relationship

High Negative Relationship

NexGen Energy fundamental ratios Accounts

Pair Trading with NexGen Energy

Moving together with NexGen Stock

Moving against NexGen Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Current Liabilities	+ 1.0	Other Current Liab
Total Current Assets	+ 1.0	Cash And Short Term Investments
Property Plant And Equipment Gross	+ 1.0	Property Plant And Equipment Net
Non Current Assets Total	+ 0.99	Total Assets
Cash And Short Term Investments	+ 0.99	Cash
Total Current Assets	+ 0.99	Cash

Property Plant And Equipment Gross	- 0.94	Retained Earnings
Property Plant And Equipment Net	- 0.94	Retained Earnings
Net Tangible Assets	- 0.92	Retained Earnings
Common Stock	- 0.9	Retained Earnings
Non Current Assets Total	- 0.86	Retained Earnings
Common Stock Total Equity	- 0.86	Retained Earnings