NEXE Stock | | | CAD 0.44 0.01 2.33% |
NEXE Innovations financial indicator trend analysis is infinitely more than just investigating NEXE Innovations recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether NEXE Innovations is a good investment. Please check the relationship between NEXE Innovations Non Current Liabilities Total and its Long Term Debt accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NEXE Innovations. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in income.
Non Current Liabilities Total vs Long Term Debt
Non Current Liabilities Total vs Long Term Debt Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
NEXE Innovations Non Current Liabilities Total account and
Long Term Debt. At this time, the significance of the direction appears to have strong relationship.
The correlation between NEXE Innovations' Non Current Liabilities Total and Long Term Debt is 0.78. Overlapping area represents the amount of variation of Non Current Liabilities Total that can explain the historical movement of Long Term Debt in the same time period over historical financial statements of NEXE Innovations, assuming nothing else is changed. The correlation between historical values of NEXE Innovations' Non Current Liabilities Total and Long Term 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 Non Current Liabilities Total of NEXE Innovations are associated (or correlated) with its Long Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Long Term Debt has no effect on the direction of Non Current Liabilities Total i.e., NEXE Innovations' Non Current Liabilities Total and Long Term Debt go up and down completely randomly.
Correlation Coefficient | 0.78 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Non Current Liabilities Total
Long Term Debt
Long-term debt is a debt that NEXE Innovations has held for over one year. Long-term debt appears on NEXE Innovations balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on NEXE Innovations balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.
Most indicators from NEXE Innovations' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into NEXE Innovations 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 NEXE Innovations. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in income.
Selling General Administrative is likely to climb to about 6.8
M in 2024, whereas
Discontinued Operations is likely to drop (102.1
K) in 2024.
NEXE Innovations fundamental ratios Correlations
Click cells to compare fundamentals
NEXE Innovations Account Relationship Matchups
High Positive Relationship
High Negative Relationship
NEXE Innovations fundamental ratios Accounts
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Additional Tools for NEXE Stock Analysis
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