NervGen Net Invested Capital vs Cash And Short Term Investments 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 Net Invested Capital and its Cash And Short Term Investments 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.

Net Invested Capital vs Cash And Short Term Investments

Net Invested Capital vs Cash And Short Term Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of NervGen Pharma Corp Net Invested Capital account and Cash And Short Term Investments. At this time, the significance of the direction appears to have very week relationship.
The correlation between NervGen Pharma's Net Invested Capital and Cash And Short Term Investments is 0.28. Overlapping area represents the amount of variation of Net Invested Capital that can explain the historical movement of Cash And Short Term Investments 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 Net Invested Capital and Cash And Short Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Invested Capital of NervGen Pharma Corp are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Net Invested Capital i.e., NervGen Pharma's Net Invested Capital and Cash And Short Term Investments go up and down completely randomly.

Correlation Coefficient

0.28
Relationship DirectionPositive 
Relationship StrengthVery Weak

Net Invested Capital

The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.

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.
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

0.660.660.720.94-0.820.840.850.77-0.320.840.66-0.320.720.7-0.32-0.930.850.430.460.870.94-0.790.870.780.68
0.661.0-0.040.66-0.950.60.690.52-0.840.871.0-0.84-0.04-0.07-0.84-0.860.930.830.270.90.81-0.690.920.870.99
0.661.0-0.040.66-0.950.60.70.54-0.850.871.0-0.85-0.04-0.07-0.85-0.860.930.840.290.90.81-0.690.920.860.99
0.72-0.04-0.040.64-0.220.550.480.530.320.29-0.030.321.01.00.32-0.450.28-0.190.360.350.5-0.470.320.22-0.01
0.940.660.660.64-0.850.640.840.81-0.370.860.66-0.370.640.61-0.37-0.920.860.560.460.890.96-0.680.880.670.64
-0.82-0.95-0.95-0.22-0.85-0.63-0.81-0.690.76-0.92-0.950.76-0.22-0.190.760.95-0.98-0.82-0.38-0.99-0.930.79-0.99-0.83-0.93
0.840.60.60.550.64-0.630.760.62-0.20.670.61-0.20.550.54-0.2-0.730.660.260.520.650.73-0.680.670.850.67
0.850.690.70.480.84-0.810.760.97-0.440.770.71-0.440.480.44-0.44-0.80.770.610.590.810.85-0.70.820.70.69
0.770.520.540.530.81-0.690.620.97-0.320.630.54-0.320.530.5-0.32-0.670.640.550.620.710.75-0.620.70.50.5
-0.32-0.84-0.850.32-0.370.76-0.2-0.44-0.32-0.52-0.851.00.320.341.00.59-0.74-0.9-0.18-0.7-0.480.6-0.73-0.48-0.79
0.840.870.870.290.86-0.920.670.770.63-0.520.87-0.520.290.26-0.52-0.930.920.630.250.910.96-0.60.910.90.88
0.661.01.0-0.030.66-0.950.610.710.54-0.850.87-0.85-0.03-0.06-0.85-0.860.930.840.290.90.81-0.690.920.860.99
-0.32-0.84-0.850.32-0.370.76-0.2-0.44-0.321.0-0.52-0.850.320.341.00.59-0.74-0.9-0.18-0.7-0.480.6-0.73-0.48-0.79
0.72-0.04-0.041.00.64-0.220.550.480.530.320.29-0.030.321.00.32-0.450.28-0.190.360.350.5-0.470.320.22-0.01
0.7-0.07-0.071.00.61-0.190.540.440.50.340.26-0.060.341.00.34-0.430.26-0.220.330.320.47-0.450.290.2-0.03
-0.32-0.84-0.850.32-0.370.76-0.2-0.44-0.321.0-0.52-0.851.00.320.340.59-0.74-0.9-0.18-0.7-0.480.6-0.73-0.48-0.79
-0.93-0.86-0.86-0.45-0.920.95-0.73-0.8-0.670.59-0.93-0.860.59-0.45-0.430.59-0.98-0.64-0.33-0.97-0.970.8-0.97-0.85-0.86
0.850.930.930.280.86-0.980.660.770.64-0.740.920.93-0.740.280.26-0.74-0.980.760.320.990.93-0.80.990.840.92
0.430.830.84-0.190.56-0.820.260.610.55-0.90.630.84-0.9-0.19-0.22-0.9-0.640.760.480.750.62-0.550.780.490.77
0.460.270.290.360.46-0.380.520.590.62-0.180.250.29-0.180.360.33-0.18-0.330.320.480.360.42-0.440.40.260.26
0.870.90.90.350.89-0.990.650.810.71-0.70.910.9-0.70.350.32-0.7-0.970.990.750.360.95-0.841.00.80.88
0.940.810.810.50.96-0.930.730.850.75-0.480.960.81-0.480.50.47-0.48-0.970.930.620.420.95-0.740.950.840.81
-0.79-0.69-0.69-0.47-0.680.79-0.68-0.7-0.620.6-0.6-0.690.6-0.47-0.450.60.8-0.8-0.55-0.44-0.84-0.74-0.83-0.62-0.69
0.870.920.920.320.88-0.990.670.820.7-0.730.910.92-0.730.320.29-0.73-0.970.990.780.41.00.95-0.830.820.91
0.780.870.860.220.67-0.830.850.70.5-0.480.90.86-0.480.220.2-0.48-0.850.840.490.260.80.84-0.620.820.91
0.680.990.99-0.010.64-0.930.670.690.5-0.790.880.99-0.79-0.01-0.03-0.79-0.860.920.770.260.880.81-0.690.910.91
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NervGen Pharma Account Relationship Matchups

NervGen Pharma fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets6.8M6.7M17.9M23.9M13.2M11.3M
Other Current Liab172.4K583.3K725.5K8.1M11.7M12.3M
Total Current Liabilities923.9K755.1K1.1M10.2M15.1M15.9M
Total Stockholder Equity5.8M5.9M16.8M13.5M(2.0M)(1.9M)
Net Tangible Assets5.3M5.4M16.3M13.0M15.0M7.7M
Retained Earnings(11.1M)(22.3M)(35.0M)(55.8M)(78.2M)(74.2M)
Accounts Payable751.6K171.8K352.5K2.0M550.4K672.0K
Cash4.1M5.6M16.9M22.5M11.7M9.9M
Non Current Assets Total509.6K473.4K475.8K726.7K720.5K555.8K
Common Stock Shares Outstanding25.9M32.1M39.3M52.6M59.6M41.5M
Liabilities And Stockholders Equity6.8M6.7M17.9M23.9M27.5M28.8M
Total Liab923.9K755.1K1.1M10.4M15.2M16.0M
Net Invested Capital5.8M5.9M16.8M13.5M(2.0M)(1.9M)
Total Current Assets6.3M6.2M17.4M23.1M12.5M10.7M
Net Working Capital5.3M5.4M16.3M12.9M(2.6M)(2.5M)
Net Debt(4.1M)(5.6M)(16.9M)(22.2M)(20.0M)(19.0M)
Cash And Short Term Investments4.1M5.6M16.9M22.5M25.8M27.1M
Net Receivables122.5K62.6K64.0K27.0K250.2K262.7K
Other Current Assets2.0M540.8K427.6K669.9K602.9K594.4K
Other Stockholder Equity1.7M5.3M9.5M11.8M13.6M14.3M
Accumulated Other Comprehensive Income1.7M5.3M9.5M11.8M13.6M14.3M
Capital Stock15.3M22.9M42.4M57.4M58.9M36.8M
Intangible Assets509.6K471.4K473.2K431.4K520.8K393.9K
Common Stock15.3M22.9M42.4M57.4M66.0M69.3M

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