NextSource Materials Total Debt vs. Net Income
| NSRCF Stock | USD 0.44 0.02 4.76% |
For NextSource Materials profitability analysis, we use financial ratios and fundamental drivers that measure the ability of NextSource Materials to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well NextSource Materials utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between NextSource Materials's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of NextSource Materials over time as well as its relative position and ranking within its peers.
NextSource |
NextSource Materials Net Income vs. Total Debt Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining NextSource Materials's current stock value. Our valuation model uses many indicators to compare NextSource Materials value to that of its competitors to determine the firm's financial worth. NextSource Materials is rated top company in total debt category among its peers. It also is considered to be number one stock in net income category among its peers making up about 46.08 of Net Income per Total Debt. 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 NextSource Materials' earnings, one of the primary drivers of an investment's value.NextSource Total Debt vs. Competition
NextSource Materials is rated top company in total debt category among its peers. Total debt of Materials industry is now estimated at about 9.52 Billion. NextSource Materials adds roughly 349,820 in total debt claiming only tiny portion of all equities under Materials industry.
NextSource Net Income vs. Total Debt
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.
NextSource Materials |
| = | 349.82 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.
Net income is the profit of a company for the reporting period, which is derived after taking revenues and gains and subtracting all expenses and losses. Net income is one of the most-watched numbers by money managers as well as individual investors.
NextSource Materials |
| = | 16.12 M |
Because income is reported on the Income Statement of a company and is measured in dollars some investors prefer to use Profit Margin, which measures income as a percentage of sales.
NextSource Net Income Comparison
NextSource Materials is currently under evaluation in net income category among its peers.
NextSource Materials Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in NextSource Materials, profitability is also one of the essential criteria for including it into their portfolios because, without profit, NextSource Materials will eventually generate negative long term returns. The profitability progress is the general direction of NextSource Materials' change in net profit over the period of time. It can combine multiple indicators of NextSource Materials, 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.
NextSource Materials Inc. acquires, explores for, and develops mineral properties in Madagascar and Canada. NextSource Materials Inc. was founded in 2004 and is headquartered in Toronto, Canada. Nextsource Materials is traded on OTC Exchange in the United States.
NextSource Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on NextSource Materials. 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 NextSource Materials 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 NextSource Materials' important profitability drivers and their relationship over time.
Use NextSource Materials 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 NextSource Materials 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 NextSource Materials will appreciate offsetting losses from the drop in the long position's value.NextSource Materials Pair Trading
NextSource Materials Pair Trading Analysis
The ability to find closely correlated positions to NextSource Materials could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace NextSource Materials 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 NextSource Materials - 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 NextSource Materials to buy it.
The correlation of NextSource Materials 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 NextSource Materials moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if NextSource Materials 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 NextSource Materials 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 NextSource Materials position
In addition to having NextSource Materials 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?
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Other Information on Investing in NextSource OTC Stock
To fully project NextSource Materials' future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of NextSource Materials at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include NextSource Materials' income statement, its balance sheet, and the statement of cash flows.