NEXE Innovations Shares Outstanding vs. Total Debt
| NEXE Stock | CAD 0.43 0.04 10.26% |
For NEXE Innovations profitability analysis, we use financial ratios and fundamental drivers that measure the ability of NEXE Innovations to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well NEXE Innovations utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between NEXE Innovations's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of NEXE Innovations over time as well as its relative position and ranking within its peers.
NEXE |
NEXE Innovations Total Debt vs. Shares Outstanding Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining NEXE Innovations's current stock value. Our valuation model uses many indicators to compare NEXE Innovations value to that of its competitors to determine the firm's financial worth. NEXE Innovations is regarded fifth in shares outstanding category among its peers. It is regarded fourth in total debt category among its peers . The ratio of Shares Outstanding to Total Debt for NEXE Innovations is about 304.56 . Total Debt To Capitalization is likely to drop to 0.02 in 2024. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the NEXE Innovations' earnings, one of the primary drivers of an investment's value.NEXE Total Debt vs. Shares Outstanding
Outstanding Shares are shares of common stock of a public company that were purchased by investors after they were authorized and issued by the company to the public. Outstanding Shares are typically reported on fully diluted basis, including exotic instruments such as options, or convertibles bonds.
NEXE Innovations |
| = | 97.29 M |
Outstanding shares that are stated on company Balance Sheet are used when calculating many important valuation and performance indicators including Return on Equity, Market Cap, EPS and many others.
Total Debt refers to the amount of long term interest-bearing liabilities that a company carries on its balance sheet. That may include bonds sold to the public, notes written to banks or capital leases. Typically, debt can help a company magnify its earnings, but the burden of interest and principal payments will eventually prevent the firm from borrow excessively.
NEXE Innovations |
| = | 319.45 K |
In most industries, total debt may also include the current portion of long-term debt. Since debt terms vary widely from one company to another, simply comparing outstanding debt obligations between different companies may not be adequate. It is usually meant to compare total debt amounts between companies that operate within the same sector.
NEXE Total Debt vs Competition
NEXE Innovations is regarded fourth in total debt category among its peers. Total debt of Materials industry is now estimated at about 19.09 Million. NEXE Innovations claims roughly 319,453 in total debt contributing just under 2% to all equities under Materials industry.
NEXE Innovations Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in NEXE Innovations, profitability is also one of the essential criteria for including it into their portfolios because, without profit, NEXE Innovations will eventually generate negative long term returns. The profitability progress is the general direction of NEXE Innovations' change in net profit over the period of time. It can combine multiple indicators of NEXE Innovations, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
| Last Reported | Projected for Next Year | ||
| Net Loss | -5.5 M | -5.8 M | |
| Net Interest Income | 475.5 K | 499.2 K | |
| Interest Income | 771.5 K | 810.1 K | |
| Operating Income | -5.1 M | -5.4 M | |
| Net Loss | -5.5 M | -5.8 M | |
| Income Before Tax | -5.5 M | -5.8 M | |
| Total Other Income Expense Net | -981.8 K | -1 M | |
| Net Loss | -5.5 M | -5.8 M | |
| Change To Netincome | 1.1 M | 1 M | |
| Income Quality | 0.37 | 0.09 | |
| Net Income Per E B T | 1.16 | 1.20 |
NEXE Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on NEXE Innovations. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of NEXE Innovations position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the NEXE Innovations' important profitability drivers and their relationship over time.
Use NEXE Innovations in pair-trading
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 NEXE Innovations 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 NEXE Innovations will appreciate offsetting losses from the drop in the long position's value.NEXE Innovations Pair Trading
NEXE Innovations Pair Trading Analysis
The ability to find closely correlated positions to NEXE Innovations could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace NEXE Innovations 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 NEXE Innovations - 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 NEXE Innovations to buy it.
The correlation of NEXE Innovations 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 NEXE Innovations moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if NEXE Innovations 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 NEXE Innovations 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.Use Investing Themes to Complement your NEXE Innovations position
In addition to having NEXE Innovations in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Services Thematic Idea Now
Services
Companies involved in delivering services to business or consumers across different industries and sectors. The Services theme has 30 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Services Theme or any other thematic opportunities.
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Additional Tools for NEXE Stock Analysis
When running NEXE Innovations' price analysis, check to measure NEXE Innovations' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy NEXE Innovations is operating at the current time. Most of NEXE Innovations' value examination focuses on studying past and present price action to predict the probability of NEXE Innovations' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NEXE Innovations' price. Additionally, you may evaluate how the addition of NEXE Innovations to your portfolios can decrease your overall portfolio volatility.