NexGen Total Assets vs Net Tangible Assets 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 Total Assets and its Net Tangible Assets 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.
Total Assets vs Net Tangible Assets
Total Assets vs Net Tangible Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of NexGen Energy Total Assets account and Net Tangible Assets. At this time, the significance of the direction appears to have almost identical trend.
The correlation between NexGen Energy's Total Assets and Net Tangible Assets is 0.94. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Net Tangible Assets 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 Total Assets and Net Tangible Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Assets of NexGen Energy are associated (or correlated) with its Net Tangible Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Tangible Assets has no effect on the direction of Total Assets i.e., NexGen Energy's Total Assets and Net Tangible Assets go up and down completely randomly.
Correlation Coefficient | 0.94 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Total Assets
Total assets refers to the total amount of NexGen Energy assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in NexGen Energy books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.Net Tangible Assets
The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.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 |
NexGen Energy fundamental ratios Correlations
Click cells to compare fundamentals
NexGen Energy Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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 | PairCorr |
0.73 | ENB-PFU | Enbridge Pref L | PairCorr |
0.87 | ENS | E Split Corp | PairCorr |
0.83 | 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 Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.