NextSource Non Current Liabilities Total vs Non Current Assets Total Analysis

NEXT Stock

CAD 0.68 0.04 5.56%

NextSource Materials financial indicator trend analysis is infinitely more than just investigating NextSource Materials recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether NextSource Materials is a good investment. Please check the relationship between NextSource Materials Non Current Liabilities Total and its Non Current Assets Total accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NextSource Materials. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Non Current Liabilities Total vs Non Current Assets Total

Non Current Liabilities Total vs Non Current Assets Total Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of NextSource Materials Non Current Liabilities Total account and Non Current Assets Total. At this time, the significance of the direction appears to have totally related.

The correlation between NextSource Materials' Non Current Liabilities Total and Non Current Assets Total is 0.99. Overlapping area represents the amount of variation of Non Current Liabilities Total that can explain the historical movement of Non Current Assets Total in the same time period over historical financial statements of NextSource Materials, assuming nothing else is changed. The correlation between historical values of NextSource Materials' Non Current Liabilities Total and Non Current Assets Total 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 NextSource Materials are associated (or correlated) with its Non Current Assets Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Assets Total has no effect on the direction of Non Current Liabilities Total i.e., NextSource Materials' Non Current Liabilities Total and Non Current Assets Total go up and down completely randomly.

Correlation Coefficient

0.99

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Non Current Liabilities Total

Non Current Assets Total

The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.

Most indicators from NextSource Materials' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into NextSource Materials 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 NextSource Materials. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

At this time, NextSource Materials' Selling General Administrative is very stable compared to the past year. As of the 18th of February 2025, Tax Provision is likely to grow to about 297.5 K, while Enterprise Value Over EBITDA is likely to drop (18.96).

NextSource Materials fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Debt	Retained Earnings	Accounts Payable	Cash	Cash And Short Term Investments	Common Stock Total Equity	Common Stock Shares Outstanding	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Common Stock	Property Plant And Equipment Net	Non Current Assets Total	Property Plant And Equipment Gross	Net Receivables	Non Current Liabilities Total	Short Term Debt	Inventory	Net Tangible Assets	Current Deferred Revenue	Property Plant Equipment
Total Assets		0.14	0.36	0.9	0.6	-0.62	0.96	0.68	0.68	0.64	0.96	0.95	-0.49	0.85	0.77	0.89	0.99	0.99	0.99	0.17	1.0	0.92	0.97	0.8	0.96	0.97
Other Current Liab	0.14		0.97	-0.3	-0.71	-0.46	-0.03	0.81	0.81	0.37	0.18	-0.04	-0.33	0.63	0.72	0.26	0.02	0.01	0.02	-0.06	0.08	-0.01	-0.06	-0.44	0.14	0.06
Total Current Liabilities	0.36	0.97		-0.08	-0.53	-0.57	0.19	0.91	0.91	0.5	0.39	0.19	-0.42	0.79	0.86	0.44	0.24	0.23	0.24	-0.02	0.3	0.19	0.16	-0.24	0.35	0.27
Total Stockholder Equity	0.9	-0.3	-0.08		0.88	-0.4	0.94	0.31	0.31	0.45	0.85	0.93	-0.32	0.55	0.43	0.74	0.95	0.95	0.95	0.18	0.92	0.9	0.97	0.95	0.86	0.9
Net Debt	0.6	-0.71	-0.53	0.88		-0.08	0.69	-0.18	-0.18	0.19	0.54	0.7	-0.12	0.1	-0.05	0.44	0.69	0.69	0.69	0.13	0.64	0.66	0.74	0.92	0.57	0.64
Retained Earnings	-0.62	-0.46	-0.57	-0.4	-0.08		-0.5	-0.68	-0.68	-0.74	-0.76	-0.52	0.35	-0.73	-0.7	-0.75	-0.58	-0.57	-0.58	0.39	-0.59	-0.5	-0.52	-0.35	-0.71	-0.62
Accounts Payable	0.96	-0.03	0.19	0.94	0.69	-0.5		0.55	0.55	0.52	0.89	0.98	-0.37	0.73	0.65	0.79	0.96	0.97	0.96	0.18	0.96	0.87	0.98	0.81	0.86	0.9
Cash	0.68	0.81	0.91	0.31	-0.18	-0.68	0.55		1.0	0.59	0.67	0.53	-0.47	0.95	0.99	0.67	0.58	0.58	0.58	0.05	0.63	0.52	0.53	0.12	0.63	0.59
Cash And Short Term Investments	0.68	0.81	0.91	0.31	-0.18	-0.68	0.55	1.0		0.59	0.66	0.53	-0.47	0.95	0.99	0.67	0.58	0.58	0.58	0.05	0.63	0.52	0.53	0.12	0.63	0.59
Common Stock Total Equity	0.64	0.37	0.5	0.45	0.19	-0.74	0.52	0.59	0.59		0.77	0.55	-0.86	0.7	0.62	0.92	0.61	0.6	0.61	-0.21	0.61	0.6	0.56	0.39	0.71	0.64
Common Stock Shares Outstanding	0.96	0.18	0.39	0.85	0.54	-0.76	0.89	0.67	0.66	0.77		0.89	-0.55	0.85	0.75	0.95	0.96	0.95	0.96	0.0	0.95	0.89	0.92	0.77	0.98	0.95
Other Current Assets	0.95	-0.04	0.19	0.93	0.7	-0.52	0.98	0.53	0.53	0.55	0.89		-0.41	0.72	0.64	0.81	0.95	0.96	0.95	0.1	0.94	0.9	0.97	0.8	0.86	0.88
Other Stockholder Equity	-0.49	-0.33	-0.42	-0.32	-0.12	0.35	-0.37	-0.47	-0.47	-0.86	-0.55	-0.41		-0.56	-0.48	-0.76	-0.47	-0.46	-0.47	-0.13	-0.48	-0.49	-0.42	-0.27	-0.53	-0.5
Total Liab	0.85	0.63	0.79	0.55	0.1	-0.73	0.73	0.95	0.95	0.7	0.85	0.72	-0.56		0.98	0.83	0.79	0.78	0.78	0.1	0.82	0.7	0.73	0.39	0.83	0.79
Total Current Assets	0.77	0.72	0.86	0.43	-0.05	-0.7	0.65	0.99	0.99	0.62	0.75	0.64	-0.48	0.98		0.73	0.68	0.68	0.68	0.08	0.73	0.61	0.63	0.25	0.71	0.68
Common Stock	0.89	0.26	0.44	0.74	0.44	-0.75	0.79	0.67	0.67	0.92	0.95	0.81	-0.76	0.83	0.73		0.87	0.87	0.87	-0.04	0.87	0.83	0.83	0.66	0.92	0.88
Property Plant And Equipment Net	0.99	0.02	0.24	0.95	0.69	-0.58	0.96	0.58	0.58	0.61	0.96	0.95	-0.47	0.79	0.68	0.87		1.0	1.0	0.19	1.0	0.93	0.99	0.87	0.96	0.98
Non Current Assets Total	0.99	0.01	0.23	0.95	0.69	-0.57	0.97	0.58	0.58	0.6	0.95	0.96	-0.46	0.78	0.68	0.87	1.0		1.0	0.18	0.99	0.93	0.99	0.86	0.95	0.97
Property Plant And Equipment Gross	0.99	0.02	0.24	0.95	0.69	-0.58	0.96	0.58	0.58	0.61	0.96	0.95	-0.47	0.78	0.68	0.87	1.0	1.0		0.18	1.0	0.93	0.99	0.87	0.96	0.98
Net Receivables	0.17	-0.06	-0.02	0.18	0.13	0.39	0.18	0.05	0.05	-0.21	0.0	0.1	-0.13	0.1	0.08	-0.04	0.19	0.18	0.18		0.21	0.06	0.14	0.19	0.09	0.23
Non Current Liabilities Total	1.0	0.08	0.3	0.92	0.64	-0.59	0.96	0.63	0.63	0.61	0.95	0.94	-0.48	0.82	0.73	0.87	1.0	0.99	1.0	0.21		0.92	0.98	0.83	0.96	0.98
Short Term Debt	0.92	-0.01	0.19	0.9	0.66	-0.5	0.87	0.52	0.52	0.6	0.89	0.9	-0.49	0.7	0.61	0.83	0.93	0.93	0.93	0.06	0.92		0.93	0.81	0.9	0.9
Inventory	0.97	-0.06	0.16	0.97	0.74	-0.52	0.98	0.53	0.53	0.56	0.92	0.97	-0.42	0.73	0.63	0.83	0.99	0.99	0.99	0.14	0.98	0.93		0.87	0.91	0.94
Net Tangible Assets	0.8	-0.44	-0.24	0.95	0.92	-0.35	0.81	0.12	0.12	0.39	0.77	0.8	-0.27	0.39	0.25	0.66	0.87	0.86	0.87	0.19	0.83	0.81	0.87		0.82	0.87
Current Deferred Revenue	0.96	0.14	0.35	0.86	0.57	-0.71	0.86	0.63	0.63	0.71	0.98	0.86	-0.53	0.83	0.71	0.92	0.96	0.95	0.96	0.09	0.96	0.9	0.91	0.82		0.98
Property Plant Equipment	0.97	0.06	0.27	0.9	0.64	-0.62	0.9	0.59	0.59	0.64	0.95	0.88	-0.5	0.79	0.68	0.88	0.98	0.97	0.98	0.23	0.98	0.9	0.94	0.87	0.98

Click cells to compare fundamentals

NextSource Materials Account Relationship Matchups

NextSource Materials fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	26.9M	29.3M	53.0M	92.8M	106.8M	112.1M
Other Current Liab	46.3M	21.7M	5.4M	3.6M	4.1M	5.6M
Total Current Liabilities	46.7M	24.3M	7.9M	10.4M	12.0M	12.6M
Total Stockholder Equity	(26.1M)	(3.1M)	25.2M	52.3M	60.1M	63.2M
Net Debt	(22.4M)	(9.4M)	4.6M	10.4M	12.0M	12.6M
Retained Earnings	(146.9M)	(130.8M)	(142.5M)	(151.5M)	(136.3M)	(129.5M)
Accounts Payable	383.4K	817.3K	1.2M	4.5M	5.1M	5.4M
Cash	22.4M	9.8M	6.9M	10.8M	12.4M	13.0M
Cash And Short Term Investments	22.4M	9.8M	6.9M	10.8M	12.4M	13.0M
Common Stock Shares Outstanding	66.7M	99.2M	117.3M	153.1M	176.1M	184.9M
Liabilities And Stockholders Equity	26.9M	29.3M	53.0M	92.8M	106.8M	112.1M
Other Current Assets	53.0K	96.8K	172.4K	1.3M	1.2M	1.3M
Other Stockholder Equity	255.3K	331.5K	(26.8K)	(62.0)	(55.8)	(53.01)
Total Liab	53.1M	32.4M	27.8M	40.5M	46.6M	49.0M
Total Current Assets	22.6M	10.5M	8.0M	13.5M	15.6M	16.3M
Accumulated Other Comprehensive Income	255.3K	331.5K	(1.6M)	(1.3M)	(1.1M)	(1.1M)
Common Stock	120.5M	127.4M	169.2M	205.0M	235.8M	247.6M
Property Plant And Equipment Net	4.3M	18.7M	44.2M	69.8M	80.3M	84.3M
Non Current Assets Total	4.3M	18.8M	45.0M	79.3M	91.2M	95.8M
Property Plant And Equipment Gross	4.3M	18.7M	44.7M	71.0M	81.7M	85.8M
Net Receivables	92.4K	574.3K	494.3K	428.0K	385.2K	297.7K
Non Current Liabilities Total	6.3M	8.0M	19.9M	30.1M	34.6M	36.4M
Short Term Debt	5.8K	51.7K	1.3M	2.4M	2.8M	2.9M
Net Tangible Assets	(910.6K)	(26.1M)	(3.1M)	25.2M	29.0M	30.4M
Long Term Debt Total	10.7K	5.3K	298.1K	10.2M	11.7M	12.3M
Cash And Equivalents	222.3K	22.4M	9.8M	6.9M	7.9M	5.9M
Net Invested Capital	(26.1M)	(3.1M)	25.2M	52.3M	60.1M	63.2M
Net Working Capital	(24.1M)	(13.9M)	120.1K	3.1M	2.8M	2.9M
Capital Stock	120.5M	127.4M	169.2M	205.0M	235.8M	152.0M
Short Long Term Debt Total	11.1K	349.8K	11.5M	21.2M	24.4M	25.6M
Capital Lease Obligations	11.1K	349.8K	11.5M	21.2M	24.4M	25.6M

Pair Trading with NextSource Materials

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.

Moving together with NextSource Stock

0.76

FDR

Flinders Resources

Pair Corr

Moving against NextSource Stock

0.83	IE	Ivanhoe Energy	Pair Corr
0.83	VZ	Verizon Communications	Pair Corr
0.74	FDY	Faraday Copper Corp	Pair Corr
0.74	INFM	Infinico Metals Corp	Pair Corr
0.68	AG	First Majestic Silver	Pair Corr

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.

Pair Correlation Correlation Matching

Other Information on Investing in NextSource Stock

Balance Sheet is a snapshot of the financial position of NextSource Materials at a specified time, usually calculated after every quarter, six months, or one year. NextSource Materials Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of NextSource Materials and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which NextSource currently owns. An asset can also be divided into two categories, current and non-current.

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NextSource Non Current Liabilities Total vs Non Current Assets Total Analysis

Non Current Liabilities Total vs Non Current Assets Total

Non Current Liabilities Total vs Non Current Assets Total Correlation Analysis

Correlation Coefficient

Non Current Liabilities Total

Non Current Assets Total

NextSource Materials fundamental ratios Correlations

NextSource Materials Account Relationship Matchups

High Positive Relationship

High Negative Relationship

NextSource Materials fundamental ratios Accounts

Pair Trading with NextSource Materials

Moving together with NextSource Stock

Moving against NextSource Stock

Other Information on Investing in NextSource Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Liabilities Total	+ 1.0	Total Assets
Cash And Short Term Investments	+ 1.0	Cash
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Property Plant And Equipment Gross	+ 1.0	Property Plant And Equipment Net
Non Current Liabilities Total	+ 1.0	Property Plant And Equipment Net
Property Plant And Equipment Gross	+ 1.0	Non Current Assets Total

Other Stockholder Equity	- 0.86	Common Stock Total Equity
Common Stock	- 0.76	Other Stockholder Equity
Common Stock Shares Outstanding	- 0.76	Retained Earnings
Common Stock	- 0.75	Retained Earnings
Common Stock Total Equity	- 0.74	Retained Earnings
Total Liab	- 0.73	Retained Earnings