NEXE Total Current Assets vs Accounts Payable 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 Total Current Assets and its Accounts Payable 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.

Total Current Assets vs Accounts Payable

Total Current Assets vs Accounts Payable Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of NEXE Innovations Total Current Assets account and Accounts Payable. At this time, the significance of the direction appears to have strong relationship.
The correlation between NEXE Innovations' Total Current Assets and Accounts Payable is 0.74. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Accounts Payable 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' Total Current Assets and Accounts Payable is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Current Assets of NEXE Innovations are associated (or correlated) with its Accounts Payable. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Accounts Payable has no effect on the direction of Total Current Assets i.e., NEXE Innovations' Total Current Assets and Accounts Payable go up and down completely randomly.

Correlation Coefficient

0.74
Relationship DirectionPositive 
Relationship StrengthSignificant

Total Current Assets

The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.

Accounts Payable

An accounting item on the balance sheet that represents NEXE Innovations obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of NEXE Innovations are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.
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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