NEXE Pfcf Ratio vs Income Quality Analysis

NEXE Stock  CAD 0.43  0.04  10.26%   
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 Pfcf Ratio and its Income Quality 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.

Pfcf Ratio vs Income Quality

Pfcf Ratio vs Income Quality Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of NEXE Innovations Pfcf Ratio account and Income Quality. At this time, the significance of the direction appears to have strong relationship.
The correlation between NEXE Innovations' Pfcf Ratio and Income Quality is 0.78. Overlapping area represents the amount of variation of Pfcf Ratio that can explain the historical movement of Income Quality 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' Pfcf Ratio and Income Quality is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Pfcf Ratio of NEXE Innovations are associated (or correlated) with its Income Quality. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Income Quality has no effect on the direction of Pfcf Ratio i.e., NEXE Innovations' Pfcf Ratio and Income Quality go up and down completely randomly.

Correlation Coefficient

0.78
Relationship DirectionPositive 
Relationship StrengthSignificant

Pfcf Ratio

Income Quality

An assessment of the sustainability of a company's earnings over time, considering factors like revenue source diversification and cost structure.
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.
 2021 2022 2023 2024 (projected)
Reconciled Depreciation672.8K987.6K1.1M648.6K
Total Operating Expenses7.9M5.7M6.6M7.5M

NEXE Innovations fundamental ratios Correlations

0.99-0.940.86-0.210.850.960.990.750.990.990.810.840.750.62-0.90.970.32-0.460.640.970.990.820.620.990.94
0.99-0.930.83-0.20.810.980.990.731.01.00.780.850.730.6-0.870.960.4-0.390.590.981.00.790.630.990.96
-0.94-0.93-0.950.51-0.94-0.85-0.96-0.91-0.94-0.94-0.91-0.66-0.88-0.830.96-0.97-0.370.63-0.8-0.9-0.93-0.92-0.37-0.97-0.84
0.860.83-0.95-0.550.990.740.870.960.850.860.890.60.850.86-0.980.930.13-0.750.930.830.850.890.310.90.75
-0.21-0.20.51-0.55-0.6-0.01-0.32-0.74-0.22-0.22-0.70.27-0.77-0.880.52-0.4-0.320.71-0.66-0.13-0.21-0.680.59-0.35-0.01
0.850.81-0.940.99-0.60.710.860.960.830.830.890.540.870.89-0.950.910.21-0.740.90.790.830.90.230.880.71
0.960.98-0.850.74-0.010.710.930.610.980.970.630.930.560.45-0.780.90.36-0.220.470.990.980.650.770.930.99
0.990.99-0.960.87-0.320.860.930.80.980.980.860.770.820.69-0.920.980.39-0.510.670.960.980.870.521.00.92
0.750.73-0.910.96-0.740.960.610.80.760.760.920.410.910.96-0.940.870.21-0.80.940.710.760.920.080.830.61
0.991.0-0.940.85-0.220.830.980.980.761.00.770.860.720.63-0.880.970.38-0.390.620.991.00.780.640.990.97
0.991.0-0.940.86-0.220.830.970.980.761.00.780.860.720.63-0.880.970.38-0.40.630.991.00.790.630.990.97
0.810.78-0.910.89-0.70.890.630.860.920.770.780.380.990.89-0.940.890.29-0.820.830.70.771.00.060.860.6
0.840.85-0.660.60.270.540.930.770.410.860.860.380.290.19-0.620.740.11-0.060.360.910.860.40.940.780.95
0.750.73-0.880.85-0.770.870.560.820.910.720.720.990.290.91-0.90.850.35-0.820.810.640.710.99-0.040.820.53
0.620.6-0.830.86-0.880.890.450.690.960.630.630.890.190.91-0.820.760.36-0.760.860.560.620.88-0.160.720.45
-0.9-0.870.96-0.980.52-0.95-0.78-0.92-0.94-0.88-0.88-0.94-0.62-0.9-0.82-0.96-0.130.78-0.9-0.84-0.88-0.94-0.34-0.93-0.77
0.970.96-0.970.93-0.40.910.90.980.870.970.970.890.740.850.76-0.960.32-0.590.770.950.970.90.470.990.89
0.320.4-0.370.13-0.320.210.360.390.210.380.380.290.110.350.36-0.130.320.22-0.130.340.380.29-0.050.380.35
-0.46-0.390.63-0.750.71-0.74-0.22-0.51-0.8-0.39-0.4-0.82-0.06-0.82-0.760.78-0.590.22-0.9-0.33-0.39-0.820.2-0.52-0.2
0.640.59-0.80.93-0.660.90.470.670.940.620.630.830.360.810.86-0.90.77-0.13-0.90.590.620.840.070.70.48
0.970.98-0.90.83-0.130.790.990.960.710.990.990.70.910.640.56-0.840.950.34-0.330.590.990.720.70.970.99
0.991.0-0.930.85-0.210.830.980.980.761.01.00.770.860.710.62-0.880.970.38-0.390.620.990.780.640.990.97
0.820.79-0.920.89-0.680.90.650.870.920.780.791.00.40.990.88-0.940.90.29-0.820.840.720.780.090.870.62
0.620.63-0.370.310.590.230.770.520.080.640.630.060.94-0.04-0.16-0.340.47-0.050.20.070.70.640.090.520.79
0.990.99-0.970.9-0.350.880.931.00.830.990.990.860.780.820.72-0.930.990.38-0.520.70.970.990.870.520.92
0.940.96-0.840.75-0.010.710.990.920.610.970.970.60.950.530.45-0.770.890.35-0.20.480.990.970.620.790.92
Click cells to compare fundamentals

NEXE Innovations Account Relationship Matchups

NEXE Innovations fundamental ratios Accounts

201920202021202220232024 (projected)
Total Current Liabilities888.2K3.9M3.0M3.2M3.7M2.5M
Net Tangible Assets4.8M52.3M44.7M39.4M45.3M31.7M
Retained Earnings(5.9M)(23.1M)(31.4M)(37.5M)(33.8M)(32.1M)
Accounts Payable664.8K1.5M1.6M2.9M3.3M3.5M
Net Receivables274.8K603.4K16.0K342.0307.8292.41
Other Stockholder Equity836.6K819.8K1.4M2.1M2.5M2.6M
Total Current Assets3.6M53.4M34.7M26.2M30.1M26.2M
Common Stock11.1M66.7M66.9M66.2M76.1M48.1M
Property Plant Equipment2.6M4.1M12.1M17.1M19.6M20.6M

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