NervGen Cash And Short Term Investments vs Property Plant Equipment Analysis
NGEN Stock | CAD 2.90 0.10 3.33% |
NervGen Pharma financial indicator trend analysis is infinitely more than just investigating NervGen Pharma Corp recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether NervGen Pharma Corp is a good investment. Please check the relationship between NervGen Pharma Cash And Short Term Investments and its Property Plant Equipment accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NervGen Pharma Corp. 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.
Cash And Short Term Investments vs Property Plant Equipment
Cash And Short Term Investments vs Property Plant Equipment Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of NervGen Pharma Corp Cash And Short Term Investments account and Property Plant Equipment. At this time, the significance of the direction appears to have almost identical trend.
The correlation between NervGen Pharma's Cash And Short Term Investments and Property Plant Equipment is 0.92. Overlapping area represents the amount of variation of Cash And Short Term Investments that can explain the historical movement of Property Plant Equipment in the same time period over historical financial statements of NervGen Pharma Corp, assuming nothing else is changed. The correlation between historical values of NervGen Pharma's Cash And Short Term Investments and Property Plant Equipment is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash And Short Term Investments of NervGen Pharma Corp are associated (or correlated) with its Property Plant Equipment. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Property Plant Equipment has no effect on the direction of Cash And Short Term Investments i.e., NervGen Pharma's Cash And Short Term Investments and Property Plant Equipment go up and down completely randomly.
Correlation Coefficient | 0.92 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Cash And Short Term Investments
Short Term Investments is an account in the current assets section of NervGen Pharma Corp balance sheet. This account contains NervGen Pharma investments that will expire within one year. These investments include stocks and bonds that can be liquidated by NervGen Pharma Corp fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.Property Plant Equipment
Most indicators from NervGen Pharma's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into NervGen Pharma Corp 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 NervGen Pharma Corp. 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. Selling General Administrative is likely to drop to about 4.9 M in 2024. Issuance Of Capital Stock is expected to grow at the current pace this year
NervGen Pharma fundamental ratios Correlations
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NervGen Pharma Account Relationship Matchups
High Positive Relationship
High Negative Relationship
NervGen Pharma fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 6.8M | 6.7M | 17.9M | 23.9M | 13.2M | 11.3M | |
Other Current Liab | 172.4K | 583.3K | 725.5K | 8.1M | 11.7M | 12.3M | |
Total Current Liabilities | 923.9K | 755.1K | 1.1M | 10.2M | 15.1M | 15.9M | |
Total Stockholder Equity | 5.8M | 5.9M | 16.8M | 13.5M | (2.0M) | (1.9M) | |
Net Tangible Assets | 5.3M | 5.4M | 16.3M | 13.0M | 15.0M | 7.7M | |
Retained Earnings | (11.1M) | (22.3M) | (35.0M) | (55.8M) | (78.2M) | (74.2M) | |
Accounts Payable | 751.6K | 171.8K | 352.5K | 2.0M | 550.4K | 672.0K | |
Cash | 4.1M | 5.6M | 16.9M | 22.5M | 11.7M | 9.9M | |
Non Current Assets Total | 509.6K | 473.4K | 475.8K | 726.7K | 720.5K | 555.8K | |
Common Stock Shares Outstanding | 25.9M | 32.1M | 39.3M | 52.6M | 59.6M | 41.5M | |
Liabilities And Stockholders Equity | 6.8M | 6.7M | 17.9M | 23.9M | 27.5M | 28.8M | |
Total Liab | 923.9K | 755.1K | 1.1M | 10.4M | 15.2M | 16.0M | |
Net Invested Capital | 5.8M | 5.9M | 16.8M | 13.5M | (2.0M) | (1.9M) | |
Total Current Assets | 6.3M | 6.2M | 17.4M | 23.1M | 12.5M | 10.7M | |
Net Working Capital | 5.3M | 5.4M | 16.3M | 12.9M | (2.6M) | (2.5M) | |
Net Debt | (4.1M) | (5.6M) | (16.9M) | (22.2M) | (20.0M) | (19.0M) | |
Cash And Short Term Investments | 4.1M | 5.6M | 16.9M | 22.5M | 25.8M | 27.1M | |
Net Receivables | 122.5K | 62.6K | 64.0K | 27.0K | 250.2K | 262.7K | |
Other Current Assets | 2.0M | 540.8K | 427.6K | 669.9K | 602.9K | 594.4K | |
Other Stockholder Equity | 1.7M | 5.3M | 9.5M | 11.8M | 13.6M | 14.3M | |
Accumulated Other Comprehensive Income | 1.7M | 5.3M | 9.5M | 11.8M | 13.6M | 14.3M | |
Capital Stock | 15.3M | 22.9M | 42.4M | 57.4M | 58.9M | 36.8M | |
Intangible Assets | 509.6K | 471.4K | 473.2K | 431.4K | 520.8K | 393.9K | |
Common Stock | 15.3M | 22.9M | 42.4M | 57.4M | 66.0M | 69.3M |
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