| NXPLW Stock | | | USD 0.21 0.01 5.00% |
NextPlat Corp financial indicator trend analysis is infinitely more than just investigating NextPlat Corp recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether NextPlat Corp is a good investment. Please check the relationship between NextPlat Corp Capital Expenditures and its Free Cash Flow accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in bureau of economic analysis.
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
NextPlat Corp Capital Expenditures account and
Free Cash Flow. At this time, the significance of the direction appears to have pay attention.
The correlation between NextPlat Corp's Capital Expenditures and Free Cash Flow is -0.86. 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 NextPlat Corp, assuming nothing else is changed. The correlation between historical values of NextPlat Corp'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 NextPlat Corp 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., NextPlat Corp's Capital Expenditures and Free Cash Flow go up and down completely randomly.
Correlation Coefficient | -0.86 |
| Relationship Direction | Negative |
| Relationship Strength | Significant |
Capital Expenditures
Capital Expenditures are funds used by NextPlat Corp to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of NextPlat Corp 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 NextPlat Corp's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into NextPlat Corp 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. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in bureau of economic analysis.
At this time, NextPlat Corp's
Selling General Administrative is fairly stable compared to the past year.
Tax Provision is likely to climb to about 170.1
K in 2024, whereas
Issuance Of Capital Stock is likely to drop slightly above 7.8
M in 2024.
NextPlat Corp fundamental ratios Correlations
Click cells to compare fundamentals
NextPlat Corp Account Relationship Matchups
High Positive Relationship
High Negative Relationship
NextPlat Corp fundamental ratios Accounts
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predict the probability of NextPlat Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NextPlat Corp's price. Additionally, you may evaluate how the addition of NextPlat Corp to your portfolios can decrease your overall portfolio volatility.