Next Other Current Assets vs Short Term Investments Analysis

NXH Stock

0.41 0.03 6.82%

Next Hydrogen financial indicator trend analysis is infinitely more than just investigating Next Hydrogen Solutions recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Next Hydrogen Solutions is a good investment. Please check the relationship between Next Hydrogen Other Current Assets and its Short Term Investments accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Next Hydrogen Solutions. 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.

Other Current Assets vs Short Term Investments

Other Current Assets vs Short Term Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Next Hydrogen Solutions Other Current Assets account and Short Term Investments. At this time, the significance of the direction appears to have totally related.

The correlation between Next Hydrogen's Other Current Assets and Short Term Investments is 1.0. Overlapping area represents the amount of variation of Other Current Assets that can explain the historical movement of Short Term Investments in the same time period over historical financial statements of Next Hydrogen Solutions, assuming nothing else is changed. The correlation between historical values of Next Hydrogen's Other Current Assets and Short Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Current Assets of Next Hydrogen Solutions are associated (or correlated) with its Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Term Investments has no effect on the direction of Other Current Assets i.e., Next Hydrogen's Other Current Assets and Short Term Investments go up and down completely randomly.

Correlation Coefficient

1.0

Relationship Direction	Positive
Relationship Strength	Very Strong

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Other Current Assets

Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.

Short Term Investments

Short Term Investments is an item under the current assets section of Next Hydrogen balance sheet. It contains any investments Next Hydrogen Solutions undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that Next Hydrogen Solutions can easily liquidate in the marketplace.

Most indicators from Next Hydrogen's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Next Hydrogen Solutions 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 Next Hydrogen Solutions. 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.

Selling General Administrative is likely to climb to about 5.3 M in 2024, whereas Tax Provision is likely to drop (33.8 K) in 2024.

	2021	2022	2023	2024 (projected)
Reconciled Depreciation	278.8K	708.1K	872.4K	522.4K
Total Operating Expenses	16.9M	15.3M	13.4M	13.9M

Reconciled Depreciation Total Operating Expenses

Next Hydrogen fundamental ratios Correlations

	Other Current Liab	Total Current Liabilities	Other Liab	Net Tangible Assets	Retained Earnings	Accounts Payable	Net Receivables	Inventory	Total Current Assets	Common Stock	Property Plant Equipment	Total Assets	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Cash	Non Current Assets Total	Other Assets	Long Term Debt	Common Stock Shares Outstanding	Short Term Investments	Non Current Liabilities Total	Other Current Assets	Total Liab	Net Invested Capital	Long Term Investments
Other Current Liab		0.83	-0.57	0.14	-0.11	0.62	0.17	0.12	0.49	0.19	0.18	0.39	0.41	0.0	0.14	0.48	0.02	0.16	-0.21	-0.1	0.14	-0.58	0.14	-0.18	0.43	0.14
Total Current Liabilities	0.83		-0.92	0.47	-0.52	0.4	0.58	0.48	0.53	0.52	0.51	0.52	0.51	0.4	-0.37	0.51	0.4	0.49	-0.5	0.28	-0.37	-0.14	-0.37	0.32	0.51	-0.37
Other Liab	-0.57	-0.92		-0.59	0.69	-0.1	-0.65	-0.61	-0.48	-0.64	-0.63	-0.53	-0.51	-0.57	0.59	-0.47	-0.58	-0.57	0.61	-0.49	0.59	-0.23	0.59	-0.44	-0.5	0.59
Net Tangible Assets	0.14	0.47	-0.59		-0.97	0.36	0.85	0.95	0.86	1.0	1.0	0.93	0.91	0.93	-0.68	0.85	0.94	0.96	-1.0	0.51	-0.68	0.27	-0.68	0.5	0.89	-0.68
Retained Earnings	-0.11	-0.52	0.69	-0.97		-0.18	-0.85	-0.98	-0.75	-0.98	-0.98	-0.84	-0.82	-0.97	0.73	-0.73	-0.97	-0.96	0.97	-0.52	0.73	-0.44	0.73	-0.59	-0.79	0.73
Accounts Payable	0.62	0.4	-0.1	0.36	-0.18		0.38	0.19	0.7	0.35	0.35	0.61	0.62	0.09	0.0	0.71	0.11	0.32	-0.38	0.02	0.0	-0.79	0.0	-0.04	0.65	0.0
Net Receivables	0.17	0.58	-0.65	0.85	-0.85	0.38		0.79	0.62	0.86	0.85	0.7	0.67	0.76	-0.87	0.61	0.77	0.83	-0.81	0.65	-0.87	0.18	-0.87	0.82	0.65	-0.87
Inventory	0.12	0.48	-0.61	0.95	-0.98	0.19	0.79		0.76	0.96	0.96	0.84	0.82	0.99	-0.59	0.72	0.99	0.99	-0.96	0.33	-0.59	0.44	-0.59	0.55	0.78	-0.59
Total Current Assets	0.49	0.53	-0.48	0.86	-0.75	0.7	0.62	0.76		0.85	0.86	0.99	0.99	0.69	-0.31	0.99	0.71	0.79	-0.89	0.26	-0.31	-0.19	-0.31	0.1	1.0	-0.31
Common Stock	0.19	0.52	-0.64	1.0	-0.98	0.35	0.86	0.96	0.85		1.0	0.92	0.91	0.93	-0.69	0.84	0.94	0.96	-1.0	0.52	-0.69	0.28	-0.69	0.51	0.88	-0.69
Property Plant Equipment	0.18	0.51	-0.63	1.0	-0.98	0.35	0.85	0.96	0.86	1.0		0.93	0.91	0.93	-0.69	0.84	0.94	0.96	-1.0	0.51	-0.69	0.27	-0.69	0.51	0.89	-0.69
Total Assets	0.39	0.52	-0.53	0.93	-0.84	0.61	0.7	0.84	0.99	0.92	0.93		1.0	0.78	-0.44	0.98	0.8	0.86	-0.95	0.35	-0.44	-0.05	-0.44	0.21	0.99	-0.44
Total Stockholder Equity	0.41	0.51	-0.51	0.91	-0.82	0.62	0.67	0.82	0.99	0.91	0.91	1.0		0.76	-0.4	0.99	0.78	0.84	-0.94	0.33	-0.4	-0.07	-0.4	0.17	1.0	-0.4
Property Plant And Equipment Net	0.0	0.4	-0.57	0.93	-0.97	0.09	0.76	0.99	0.69	0.93	0.93	0.78	0.76		-0.62	0.65	1.0	0.97	-0.93	0.34	-0.62	0.53	-0.62	0.58	0.72	-0.62
Net Debt	0.14	-0.37	0.59	-0.68	0.73	0.0	-0.87	-0.59	-0.31	-0.69	-0.69	-0.44	-0.4	-0.62		-0.34	-0.62	-0.59	0.62	-0.89	1.0	-0.42	1.0	-0.8	-0.38	1.0
Cash	0.48	0.51	-0.47	0.85	-0.73	0.71	0.61	0.72	0.99	0.84	0.84	0.98	0.99	0.65	-0.34		0.67	0.75	-0.87	0.32	-0.34	-0.22	-0.34	0.07	1.0	-0.34
Non Current Assets Total	0.02	0.4	-0.58	0.94	-0.97	0.11	0.77	0.99	0.71	0.94	0.94	0.8	0.78	1.0	-0.62	0.67		0.97	-0.94	0.35	-0.62	0.51	-0.62	0.56	0.74	-0.62
Other Assets	0.16	0.49	-0.57	0.96	-0.96	0.32	0.83	0.99	0.79	0.96	0.96	0.86	0.84	0.97	-0.59	0.75	0.97		-0.96	0.3	-0.59	0.32	-0.59	0.59	0.81	-0.59
Long Term Debt	-0.21	-0.5	0.61	-1.0	0.97	-0.38	-0.81	-0.96	-0.89	-1.0	-1.0	-0.95	-0.94	-0.93	0.62	-0.87	-0.94	-0.96		-0.46	0.62	-0.24	0.62	-0.44	-0.91	0.62
Common Stock Shares Outstanding	-0.1	0.28	-0.49	0.51	-0.52	0.02	0.65	0.33	0.26	0.52	0.51	0.35	0.33	0.34	-0.89	0.32	0.35	0.3	-0.46		-0.89	0.23	-0.89	0.48	0.33	-0.89
Short Term Investments	0.14	-0.37	0.59	-0.68	0.73	0.0	-0.87	-0.59	-0.31	-0.69	-0.69	-0.44	-0.4	-0.62	1.0	-0.34	-0.62	-0.59	0.62	-0.89		-0.42	1.0	-0.8	-0.38	1.0
Non Current Liabilities Total	-0.58	-0.14	-0.23	0.27	-0.44	-0.79	0.18	0.44	-0.19	0.28	0.27	-0.05	-0.07	0.53	-0.42	-0.22	0.51	0.32	-0.24	0.23	-0.42		-0.42	0.43	-0.12	-0.42
Other Current Assets	0.14	-0.37	0.59	-0.68	0.73	0.0	-0.87	-0.59	-0.31	-0.69	-0.69	-0.44	-0.4	-0.62	1.0	-0.34	-0.62	-0.59	0.62	-0.89	1.0	-0.42		-0.8	-0.38	1.0
Total Liab	-0.18	0.32	-0.44	0.5	-0.59	-0.04	0.82	0.55	0.1	0.51	0.51	0.21	0.17	0.58	-0.8	0.07	0.56	0.59	-0.44	0.48	-0.8	0.43	-0.8		0.13	-0.8
Net Invested Capital	0.43	0.51	-0.5	0.89	-0.79	0.65	0.65	0.78	1.0	0.88	0.89	0.99	1.0	0.72	-0.38	1.0	0.74	0.81	-0.91	0.33	-0.38	-0.12	-0.38	0.13		-0.38
Long Term Investments	0.14	-0.37	0.59	-0.68	0.73	0.0	-0.87	-0.59	-0.31	-0.69	-0.69	-0.44	-0.4	-0.62	1.0	-0.34	-0.62	-0.59	0.62	-0.89	1.0	-0.42	1.0	-0.8	-0.38

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Next Other Current Assets vs Short Term Investments Analysis

Other Current Assets vs Short Term Investments

Other Current Assets vs Short Term Investments Correlation Analysis

Correlation Coefficient

Other Current Assets

Short Term Investments

Next Hydrogen fundamental ratios Correlations

Next Hydrogen Account Relationship Matchups

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COMMON DESTINATIONS

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COMPANY

Common Stock	+ 1.0	Net Tangible Assets
Property Plant Equipment	+ 1.0	Net Tangible Assets
Net Invested Capital	+ 1.0	Total Current Assets
Property Plant Equipment	+ 1.0	Common Stock
Total Stockholder Equity	+ 1.0	Total Assets
Net Invested Capital	+ 1.0	Total Stockholder Equity

Long Term Debt	- 1.0	Property Plant Equipment
Long Term Debt	- 1.0	Common Stock
Long Term Debt	- 1.0	Net Tangible Assets
Property Plant Equipment	- 0.98	Retained Earnings
Common Stock	- 0.98	Retained Earnings
Inventory	- 0.98	Retained Earnings