Next Retained Earnings vs Net Debt Analysis

NXH Stock

0.50 0.06 13.64%

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 Retained Earnings and its Net Debt 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.

Retained Earnings vs Net Debt

Retained Earnings vs Net Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Next Hydrogen Solutions Retained Earnings account and Net Debt. At this time, the significance of the direction appears to have strong relationship.

The correlation between Next Hydrogen's Retained Earnings and Net Debt is 0.73. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Net Debt 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 Retained Earnings and Net Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Retained Earnings of Next Hydrogen Solutions are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Retained Earnings i.e., Next Hydrogen's Retained Earnings and Net Debt go up and down completely randomly.

Correlation Coefficient

0.73

Relationship Direction	Positive
Relationship Strength	Significant

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Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.

Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.

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 Retained Earnings vs Net Debt Analysis

Retained Earnings vs Net Debt

Retained Earnings vs Net Debt Correlation Analysis

Correlation Coefficient

Retained Earnings

Net Debt

Next Hydrogen fundamental ratios Correlations

Next Hydrogen Account Relationship Matchups

High Positive Relationship

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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