NXG Cash And Short Term Investments vs Accounts Payable Analysis
| NXG Stock | USD 49.97 0.50 1.01% |
NXG NextGen financial indicator trend analysis is infinitely more than just investigating NXG NextGen Infrastr recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether NXG NextGen Infrastr is a good investment. Please check the relationship between NXG NextGen Cash And Short Term Investments and its Accounts Payable accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NXG NextGen Infrastructure. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in interest.
Cash And Short Term Investments vs Accounts Payable
Cash And Short Term Investments vs Accounts Payable Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of NXG NextGen Infrastr Cash And Short Term Investments account and Accounts Payable. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between NXG NextGen's Cash And Short Term Investments and Accounts Payable is 0.53. Overlapping area represents the amount of variation of Cash And Short Term Investments that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of NXG NextGen Infrastructure, assuming nothing else is changed. The correlation between historical values of NXG NextGen's Cash And Short Term Investments and Accounts Payable is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash And Short Term Investments of NXG NextGen Infrastructure are associated (or correlated) with its Accounts Payable. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Accounts Payable has no effect on the direction of Cash And Short Term Investments i.e., NXG NextGen's Cash And Short Term Investments and Accounts Payable go up and down completely randomly.
Correlation Coefficient | 0.53 |
| Relationship Direction | Positive |
| Relationship Strength | Weak |
Cash And Short Term Investments
Short Term Investments is an account in the current assets section of NXG NextGen Infrastr balance sheet. This account contains NXG NextGen investments that will expire within one year. These investments include stocks and bonds that can be liquidated by NXG NextGen Infrastructure fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.Accounts Payable
An accounting item on the balance sheet that represents NXG NextGen obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of NXG NextGen Infrastr are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.Most indicators from NXG NextGen's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into NXG NextGen Infrastr 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 NXG NextGen Infrastructure. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in interest. The NXG NextGen's current Enterprise Value is estimated to increase to about 160.3 M, while Selling General Administrative is projected to decrease to roughly 729.4 K.
| 2021 | 2022 | 2023 | 2024 (projected) | Research Development | 0.67 | 0.98 | 1.13 | 0.75 | Depreciation And Amortization | 228.5K | 2.6M | 3.0M | 3.1M |
NXG NextGen fundamental ratios Correlations
Click cells to compare fundamentals
NXG NextGen Account Relationship Matchups
High Positive Relationship
High Negative Relationship
NXG NextGen fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Assets | 137.9M | 202.6M | 194.2M | 146.3M | 168.2M | 181.1M | |
| Other Current Liab | (17.9K) | (6.9M) | (14.2K) | (11.2M) | (10.1M) | (9.6M) | |
| Total Current Liabilities | 17.9K | 6.9M | 14.2K | 5.6M | 6.4M | 6.8M | |
| Total Stockholder Equity | 119.3M | 138.5M | 142.4M | 103.7M | 93.3M | 103.9M | |
| Net Debt | 18.3M | 56.4M | 41.0M | 36.8M | 42.3M | 34.2M | |
| Retained Earnings | (37.4M) | (13.8M) | (5.6M) | (40.7M) | (36.7M) | (34.8M) | |
| Accounts Payable | 17.9K | 6.9M | 14.2K | 5.6M | 6.4M | 6.8M | |
| Non Current Assets Total | 137.4M | 188.7M | 193.4M | 145.9M | 167.8M | 177.9M | |
| Non Currrent Assets Other | (137.4M) | (188.7M) | (193.4M) | (145.9M) | (131.3M) | (137.9M) | |
| Other Assets | 56.5K | 2.8M | 401.0K | 83.0K | 95.4K | 90.6K | |
| Net Receivables | 520.2K | 11.1M | 385.1K | 317.0K | 364.6K | 346.3K | |
| Liabilities And Stockholders Equity | 137.9M | 202.6M | 194.2M | 146.3M | 168.2M | 181.1M | |
| Non Current Liabilities Total | 18.3M | 56.4M | 41.4M | 36.8M | 42.3M | 34.3M | |
| Other Stockholder Equity | 119.3M | 152.3M | 148.0M | 144.4M | 166.1M | 155.5M | |
| Total Liab | 18.6M | 64.1M | 51.8M | 42.6M | 49.0M | 38.1M | |
| Total Current Assets | 520.2K | 11.1M | 385.1K | 317.0K | 364.6K | 346.3K | |
| Cash And Short Term Investments | 4.9M | 801.6K | 10.9M | 9.8M | 11.3M | 5.8M | |
| Short Term Investments | 4.9M | 801.6K | 10.5M | 9.8M | 11.3M | 5.7M | |
| Other Current Assets | (5.4M) | (11.9M) | (11.3M) | (10.1M) | (9.1M) | (9.6M) | |
| Long Term Investments | 137.4M | 188.7M | 193.4M | 145.9M | 167.8M | 179.5M | |
| Accumulated Other Comprehensive Income | (37.4M) | (13.8M) | (5.6M) | (40.7M) | (36.7M) | (34.8M) |
Currently Active Assets on Macroaxis
When determining whether NXG NextGen Infrastr is a strong investment it is important to analyze NXG NextGen'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 NXG NextGen's future performance. For an informed investment choice regarding NXG Stock, refer to the following important reports:Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NXG NextGen Infrastructure. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in interest. You can also try the Money Managers module to screen money managers from public funds and ETFs managed around the world.
Is Asset Management & Custody Banks space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of NXG NextGen. If investors know NXG will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about NXG NextGen listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share 3.12 |
The market value of NXG NextGen Infrastr is measured differently than its book value, which is the value of NXG that is recorded on the company's balance sheet. Investors also form their own opinion of NXG NextGen's value that differs from its market value or its book value, called intrinsic value, which is NXG NextGen's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because NXG NextGen's market value can be influenced by many factors that don't directly affect NXG NextGen's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between NXG NextGen's value and its price as these two are different measures arrived at by different means. Investors typically determine if NXG NextGen is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, NXG NextGen'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.