NervGen Income Before Tax vs Income Tax Expense Analysis
NGEN Stock | CAD 3.11 0.21 7.24% |
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 Income Before Tax and its Income Tax Expense 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.
Income Before Tax vs Income Tax Expense
Income Before Tax vs Income Tax Expense Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of NervGen Pharma Corp Income Before Tax account and Income Tax Expense. At this time, the significance of the direction appears to have very strong relationship.
The correlation between NervGen Pharma's Income Before Tax and Income Tax Expense is 0.85. Overlapping area represents the amount of variation of Income Before Tax that can explain the historical movement of Income Tax Expense 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 Income Before Tax and Income Tax Expense is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Income Before Tax of NervGen Pharma Corp are associated (or correlated) with its Income Tax Expense. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Income Tax Expense has no effect on the direction of Income Before Tax i.e., NervGen Pharma's Income Before Tax and Income Tax Expense go up and down completely randomly.
Correlation Coefficient | 0.85 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Income Before Tax
Income Before Tax which can also be referred as pre-tax income is reported on NervGen Pharma income statement and is an important metric when analyzing NervGen Pharma Corp profitability. Accounting techniques because taxes can be complex, and not perfectly consistent from one company to company, an analyst may use pre-tax income as a more stable measure of profitability.Income Tax Expense
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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