NextSource Total Current Assets vs Retained Earnings Analysis

NEXT Stock

CAD 0.53 0.01 1.92%

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 Total Current Assets and its Retained Earnings 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.

Total Current Assets vs Retained Earnings

Total Current Assets vs Retained Earnings Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of NextSource Materials Total Current Assets account and Retained Earnings. At this time, the significance of the direction appears to have strong contrarian relationship.

The correlation between NextSource Materials' Total Current Assets and Retained Earnings is -0.7. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Retained Earnings 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' Total Current Assets and Retained Earnings 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 NextSource Materials are associated (or correlated) with its Retained Earnings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Retained Earnings has no effect on the direction of Total Current Assets i.e., NextSource Materials' Total Current Assets and Retained Earnings go up and down completely randomly.

Correlation Coefficient

-0.7

Relationship Direction	Negative
Relationship Strength	Weak

View All Relationships

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.

Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.

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 29th of November 2024, Enterprise Value is likely to grow to about 121.5 M, while Issuance Of Capital Stock is likely to drop about 11.5 M.

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		0.2	0.29	0.85	0.46	-0.67	0.94	0.63	0.63	0.63	0.94	0.93	-0.47	0.81	0.71	0.84	0.99	0.99	0.97	0.17	0.99	0.88	0.96	0.75	0.96	0.97
Other Current Liab	0.2		0.99	-0.34	-0.77	-0.47	-0.01	0.88	0.88	0.39	0.24	-0.02	-0.35	0.73	0.81	0.32	0.05	0.04	0.08	-0.06	0.13	0.01	-0.05	-0.46	0.16	0.08
Total Current Liabilities	0.29	0.99		-0.26	-0.7	-0.53	0.08	0.91	0.91	0.44	0.33	0.07	-0.39	0.79	0.85	0.4	0.14	0.13	0.17	-0.02	0.22	0.08	0.04	-0.38	0.26	0.18
Total Stockholder Equity	0.85	-0.34	-0.26		0.85	-0.39	0.91	0.13	0.13	0.39	0.77	0.9	-0.26	0.39	0.25	0.63	0.91	0.92	0.88	0.19	0.88	0.85	0.95	0.96	0.83	0.88
Net Debt	0.46	-0.77	-0.7	0.85		-0.02	0.6	-0.39	-0.39	0.1	0.4	0.61	-0.04	-0.13	-0.28	0.28	0.59	0.6	0.56	0.12	0.53	0.56	0.67	0.9	0.48	0.55
Retained Earnings	-0.67	-0.47	-0.53	-0.39	-0.02		-0.53	-0.67	-0.67	-0.75	-0.82	-0.52	0.34	-0.75	-0.7	-0.79	-0.62	-0.61	-0.64	0.4	-0.62	-0.51	-0.55	-0.34	-0.74	-0.64
Accounts Payable	0.94	-0.01	0.08	0.91	0.6	-0.53		0.45	0.45	0.48	0.83	0.97	-0.31	0.64	0.55	0.7	0.94	0.95	0.88	0.2	0.94	0.81	0.96	0.78	0.84	0.88
Cash	0.63	0.88	0.91	0.13	-0.39	-0.67	0.45		1.0	0.55	0.61	0.43	-0.43	0.95	0.99	0.61	0.5	0.49	0.51	0.03	0.57	0.42	0.42	-0.02	0.56	0.51
Cash And Short Term Investments	0.63	0.88	0.91	0.13	-0.39	-0.67	0.45	1.0		0.55	0.61	0.43	-0.43	0.95	0.99	0.61	0.5	0.49	0.5	0.03	0.57	0.42	0.42	-0.02	0.56	0.51
Common Stock Total Equity	0.63	0.39	0.44	0.39	0.1	-0.75	0.48	0.55	0.55		0.79	0.53	-0.86	0.68	0.58	0.95	0.6	0.59	0.62	-0.22	0.6	0.58	0.54	0.34	0.7	0.62
Common Stock Shares Outstanding	0.94	0.24	0.33	0.77	0.4	-0.82	0.83	0.61	0.61	0.79		0.84	-0.54	0.8	0.68	0.93	0.93	0.93	0.94	-0.03	0.92	0.83	0.87	0.71	0.98	0.94
Other Current Assets	0.93	-0.02	0.07	0.9	0.61	-0.52	0.97	0.43	0.43	0.53	0.84		-0.36	0.63	0.54	0.73	0.93	0.94	0.86	0.08	0.92	0.86	0.97	0.77	0.84	0.86
Other Stockholder Equity	-0.47	-0.35	-0.39	-0.26	-0.04	0.34	-0.31	-0.43	-0.43	-0.86	-0.54	-0.36		-0.54	-0.45	-0.79	-0.45	-0.44	-0.47	-0.12	-0.46	-0.47	-0.38	-0.22	-0.5	-0.47
Total Liab	0.81	0.73	0.79	0.39	-0.13	-0.75	0.64	0.95	0.95	0.68	0.8	0.63	-0.54		0.97	0.78	0.72	0.71	0.73	0.09	0.77	0.6	0.64	0.26	0.77	0.73
Total Current Assets	0.71	0.81	0.85	0.25	-0.28	-0.7	0.55	0.99	0.99	0.58	0.68	0.54	-0.45	0.97		0.67	0.59	0.59	0.6	0.07	0.66	0.5	0.53	0.1	0.64	0.6
Common Stock	0.84	0.32	0.4	0.63	0.28	-0.79	0.7	0.61	0.61	0.95	0.93	0.73	-0.79	0.78	0.67		0.82	0.81	0.83	-0.08	0.82	0.76	0.76	0.57	0.88	0.83
Property Plant And Equipment Net	0.99	0.05	0.14	0.91	0.59	-0.62	0.94	0.5	0.5	0.6	0.93	0.93	-0.45	0.72	0.59	0.82		1.0	0.99	0.2	0.99	0.89	0.98	0.85	0.97	0.99
Non Current Assets Total	0.99	0.04	0.13	0.92	0.6	-0.61	0.95	0.49	0.49	0.59	0.93	0.94	-0.44	0.71	0.59	0.81	1.0		0.98	0.19	0.99	0.89	0.98	0.85	0.96	0.98
Property Plant And Equipment Gross	0.97	0.08	0.17	0.88	0.56	-0.64	0.88	0.51	0.5	0.62	0.94	0.86	-0.47	0.73	0.6	0.83	0.99	0.98		0.22	0.98	0.87	0.94	0.84	0.98	1.0
Net Receivables	0.17	-0.06	-0.02	0.19	0.12	0.4	0.2	0.03	0.03	-0.22	-0.03	0.08	-0.12	0.09	0.07	-0.08	0.2	0.19	0.22		0.23	0.04	0.14	0.19	0.08	0.23
Non Current Liabilities Total	0.99	0.13	0.22	0.88	0.53	-0.62	0.94	0.57	0.57	0.6	0.92	0.92	-0.46	0.77	0.66	0.82	0.99	0.99	0.98	0.23		0.87	0.97	0.8	0.96	0.98
Short Term Debt	0.88	0.01	0.08	0.85	0.56	-0.51	0.81	0.42	0.42	0.58	0.83	0.86	-0.47	0.6	0.5	0.76	0.89	0.89	0.87	0.04	0.87		0.89	0.77	0.87	0.87
Inventory	0.96	-0.05	0.04	0.95	0.67	-0.55	0.96	0.42	0.42	0.54	0.87	0.97	-0.38	0.64	0.53	0.76	0.98	0.98	0.94	0.14	0.97	0.89		0.86	0.91	0.94
Net Tangible Assets	0.75	-0.46	-0.38	0.96	0.9	-0.34	0.78	-0.02	-0.02	0.34	0.71	0.77	-0.22	0.26	0.1	0.57	0.85	0.85	0.84	0.19	0.8	0.77	0.86		0.79	0.84
Current Deferred Revenue	0.96	0.16	0.26	0.83	0.48	-0.74	0.84	0.56	0.56	0.7	0.98	0.84	-0.5	0.77	0.64	0.88	0.97	0.96	0.98	0.08	0.96	0.87	0.91	0.79		0.98
Property Plant Equipment	0.97	0.08	0.18	0.88	0.55	-0.64	0.88	0.51	0.51	0.62	0.94	0.86	-0.47	0.73	0.6	0.83	0.99	0.98	1.0	0.23	0.98	0.87	0.94	0.84	0.98

Click cells to compare fundamentals

NextSource Materials Account Relationship Matchups

NextSource Materials fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	273.4K	26.9M	29.3M	53.0M	92.8M	97.5M
Other Current Liab	822.0K	46.3M	21.7M	5.4M	3.6M	5.6M
Total Current Liabilities	1.2M	46.7M	24.3M	7.9M	10.4M	5.6M
Total Stockholder Equity	(910.6K)	(26.1M)	(3.1M)	25.2M	52.3M	54.9M
Net Debt	(184.2K)	(22.4M)	(9.4M)	4.6M	10.4M	11.0M
Retained Earnings	(104.9M)	(146.9M)	(130.8M)	(142.5M)	(151.5M)	(143.9M)
Accounts Payable	323.9K	383.4K	817.3K	1.2M	4.5M	4.7M
Cash	222.3K	22.4M	9.8M	6.9M	10.8M	11.3M
Cash And Short Term Investments	222.3K	22.4M	9.8M	6.9M	10.8M	11.3M
Common Stock Shares Outstanding	52.7M	66.7M	99.2M	117.3M	153.1M	160.8M
Liabilities And Stockholders Equity	273.4K	26.9M	29.3M	53.0M	92.8M	97.5M
Other Current Assets	25.5K	53.0K	96.8K	172.4K	1.3M	1.4M
Other Stockholder Equity	120.7K	255.3K	331.5K	(26.8K)	(62.0)	(58.9)
Total Liab	1.2M	53.1M	32.4M	27.8M	40.5M	42.6M
Total Current Assets	255.3K	22.6M	10.5M	8.0M	13.5M	14.2M
Accumulated Other Comprehensive Income	120.7K	255.3K	331.5K	(1.6M)	(1.3M)	(1.2M)
Common Stock	103.9M	120.5M	127.4M	169.2M	205.0M	215.3M
Non Current Assets Total	18.1K	4.3M	18.8M	45.0M	79.3M	83.3M
Net Receivables	7.5K	92.4K	574.3K	494.3K	444.8K	295.0K
Non Current Liabilities Total	10.7K	6.3M	8.0M	19.9M	30.1M	31.6M
Short Term Debt	27.5K	5.8K	51.7K	1.3M	2.4M	2.5M
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	(888.5K)	(26.1M)	(3.1M)	25.2M	29.0M	30.4M
Net Working Capital	(918.0K)	(24.1M)	(13.9M)	120.1K	108.0K	113.4K
Capital Stock	103.9M	120.5M	127.4M	169.2M	194.6M	137.3M

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

0.73

INFM

Infinico Metals Corp

Pair Corr

Moving against NextSource Stock

0.95	BNS	Bank of Nova Scotia Earnings Call This Week	Pair Corr
0.9	WMT	Walmart Inc CDR	Pair Corr
0.84	BOFA	Bank of America	Pair Corr
0.82	AMZN	Amazon CDR	Pair Corr
0.75	FDY	Faraday Copper Corp	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 Total Current Assets vs Retained Earnings Analysis

Total Current Assets vs Retained Earnings

Total Current Assets vs Retained Earnings Correlation Analysis

Correlation Coefficient

Total Current Assets

Retained Earnings

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

Cash And Short Term Investments	+ 1.0	Cash
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Property Plant Equipment	+ 1.0	Property Plant And Equipment Gross
Property Plant And Equipment Net	+ 0.99	Total Assets
Non Current Assets Total	+ 0.99	Total Assets
Non Current Liabilities Total	+ 0.99	Total Assets

Other Stockholder Equity	- 0.86	Common Stock Total Equity
Common Stock Shares Outstanding	- 0.82	Retained Earnings
Common Stock	- 0.79	Other Stockholder Equity
Common Stock	- 0.79	Retained Earnings
Net Debt	- 0.77	Other Current Liab
Total Liab	- 0.75	Retained Earnings