NervGen Total Assets vs Net Debt Analysis

NGEN Stock

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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 Total Assets and its Net Debt 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.

Total Assets vs Net Debt

Total Assets vs Net Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of NervGen Pharma Corp Total Assets account and Net Debt. At this time, the significance of the direction appears to have pay attention.

The correlation between NervGen Pharma's Total Assets and Net Debt is -0.93. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Net Debt 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 Total Assets and Net Debt 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 Assets of NervGen Pharma Corp are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Total Assets i.e., NervGen Pharma's Total Assets and Net Debt go up and down completely randomly.

Correlation Coefficient

-0.93

Relationship Direction	Negative
Relationship Strength	Significant

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Total Assets

Total assets refers to the total amount of NervGen Pharma assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in NervGen Pharma Corp books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.

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

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Tangible Assets	Retained Earnings	Accounts Payable	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Common Stock Shares Outstanding	Total Liab	Deferred Long Term Liab	Net Invested Capital	Net Working Capital	Other Liab	Net Debt	Cash And Short Term Investments	Net Receivables	Other Current Assets	Other Stockholder Equity	Capital Stock	Intangible Assets	Common Stock	Property Plant And Equipment Net	Property Plant Equipment
Total Assets		0.66	0.66	0.72	0.94	-0.82	0.84	0.85	0.77	-0.32	0.84	0.66	-0.32	0.72	0.7	-0.32	-0.93	0.85	0.43	0.46	0.87	0.94	-0.79	0.87	0.78	0.68
Other Current Liab	0.66		1.0	-0.04	0.66	-0.95	0.6	0.69	0.52	-0.84	0.87	1.0	-0.84	-0.04	-0.07	-0.84	-0.86	0.93	0.83	0.27	0.9	0.81	-0.69	0.92	0.87	0.99
Total Current Liabilities	0.66	1.0		-0.04	0.66	-0.95	0.6	0.7	0.54	-0.85	0.87	1.0	-0.85	-0.04	-0.07	-0.85	-0.86	0.93	0.84	0.29	0.9	0.81	-0.69	0.92	0.86	0.99
Total Stockholder Equity	0.72	-0.04	-0.04		0.64	-0.22	0.55	0.48	0.53	0.32	0.29	-0.03	0.32	1.0	1.0	0.32	-0.45	0.28	-0.19	0.36	0.35	0.5	-0.47	0.32	0.22	-0.01
Net Tangible Assets	0.94	0.66	0.66	0.64		-0.85	0.64	0.84	0.81	-0.37	0.86	0.66	-0.37	0.64	0.61	-0.37	-0.92	0.86	0.56	0.46	0.89	0.96	-0.68	0.88	0.67	0.64
Retained Earnings	-0.82	-0.95	-0.95	-0.22	-0.85		-0.63	-0.81	-0.69	0.76	-0.92	-0.95	0.76	-0.22	-0.19	0.76	0.95	-0.98	-0.82	-0.38	-0.99	-0.93	0.79	-0.99	-0.83	-0.93
Accounts Payable	0.84	0.6	0.6	0.55	0.64	-0.63		0.76	0.62	-0.2	0.67	0.61	-0.2	0.55	0.54	-0.2	-0.73	0.66	0.26	0.52	0.65	0.73	-0.68	0.67	0.85	0.67
Non Current Assets Total	0.85	0.69	0.7	0.48	0.84	-0.81	0.76		0.97	-0.44	0.77	0.71	-0.44	0.48	0.44	-0.44	-0.8	0.77	0.61	0.59	0.81	0.85	-0.7	0.82	0.7	0.69
Non Currrent Assets Other	0.77	0.52	0.54	0.53	0.81	-0.69	0.62	0.97		-0.32	0.63	0.54	-0.32	0.53	0.5	-0.32	-0.67	0.64	0.55	0.62	0.71	0.75	-0.62	0.7	0.5	0.5
Other Assets	-0.32	-0.84	-0.85	0.32	-0.37	0.76	-0.2	-0.44	-0.32		-0.52	-0.85	1.0	0.32	0.34	1.0	0.59	-0.74	-0.9	-0.18	-0.7	-0.48	0.6	-0.73	-0.48	-0.79
Common Stock Shares Outstanding	0.84	0.87	0.87	0.29	0.86	-0.92	0.67	0.77	0.63	-0.52		0.87	-0.52	0.29	0.26	-0.52	-0.93	0.92	0.63	0.25	0.91	0.96	-0.6	0.91	0.9	0.88
Total Liab	0.66	1.0	1.0	-0.03	0.66	-0.95	0.61	0.71	0.54	-0.85	0.87		-0.85	-0.03	-0.06	-0.85	-0.86	0.93	0.84	0.29	0.9	0.81	-0.69	0.92	0.86	0.99
Deferred Long Term Liab	-0.32	-0.84	-0.85	0.32	-0.37	0.76	-0.2	-0.44	-0.32	1.0	-0.52	-0.85		0.32	0.34	1.0	0.59	-0.74	-0.9	-0.18	-0.7	-0.48	0.6	-0.73	-0.48	-0.79
Net Invested Capital	0.72	-0.04	-0.04	1.0	0.64	-0.22	0.55	0.48	0.53	0.32	0.29	-0.03	0.32		1.0	0.32	-0.45	0.28	-0.19	0.36	0.35	0.5	-0.47	0.32	0.22	-0.01
Net Working Capital	0.7	-0.07	-0.07	1.0	0.61	-0.19	0.54	0.44	0.5	0.34	0.26	-0.06	0.34	1.0		0.34	-0.43	0.26	-0.22	0.33	0.32	0.47	-0.45	0.29	0.2	-0.03
Other Liab	-0.32	-0.84	-0.85	0.32	-0.37	0.76	-0.2	-0.44	-0.32	1.0	-0.52	-0.85	1.0	0.32	0.34		0.59	-0.74	-0.9	-0.18	-0.7	-0.48	0.6	-0.73	-0.48	-0.79
Net Debt	-0.93	-0.86	-0.86	-0.45	-0.92	0.95	-0.73	-0.8	-0.67	0.59	-0.93	-0.86	0.59	-0.45	-0.43	0.59		-0.98	-0.64	-0.33	-0.97	-0.97	0.8	-0.97	-0.85	-0.86
Cash And Short Term Investments	0.85	0.93	0.93	0.28	0.86	-0.98	0.66	0.77	0.64	-0.74	0.92	0.93	-0.74	0.28	0.26	-0.74	-0.98		0.76	0.32	0.99	0.93	-0.8	0.99	0.84	0.92
Net Receivables	0.43	0.83	0.84	-0.19	0.56	-0.82	0.26	0.61	0.55	-0.9	0.63	0.84	-0.9	-0.19	-0.22	-0.9	-0.64	0.76		0.48	0.75	0.62	-0.55	0.78	0.49	0.77
Other Current Assets	0.46	0.27	0.29	0.36	0.46	-0.38	0.52	0.59	0.62	-0.18	0.25	0.29	-0.18	0.36	0.33	-0.18	-0.33	0.32	0.48		0.36	0.42	-0.44	0.4	0.26	0.26
Other Stockholder Equity	0.87	0.9	0.9	0.35	0.89	-0.99	0.65	0.81	0.71	-0.7	0.91	0.9	-0.7	0.35	0.32	-0.7	-0.97	0.99	0.75	0.36		0.95	-0.84	1.0	0.8	0.88
Capital Stock	0.94	0.81	0.81	0.5	0.96	-0.93	0.73	0.85	0.75	-0.48	0.96	0.81	-0.48	0.5	0.47	-0.48	-0.97	0.93	0.62	0.42	0.95		-0.74	0.95	0.84	0.81
Intangible Assets	-0.79	-0.69	-0.69	-0.47	-0.68	0.79	-0.68	-0.7	-0.62	0.6	-0.6	-0.69	0.6	-0.47	-0.45	0.6	0.8	-0.8	-0.55	-0.44	-0.84	-0.74		-0.83	-0.62	-0.69
Common Stock	0.87	0.92	0.92	0.32	0.88	-0.99	0.67	0.82	0.7	-0.73	0.91	0.92	-0.73	0.32	0.29	-0.73	-0.97	0.99	0.78	0.4	1.0	0.95	-0.83		0.82	0.91
Property Plant And Equipment Net	0.78	0.87	0.86	0.22	0.67	-0.83	0.85	0.7	0.5	-0.48	0.9	0.86	-0.48	0.22	0.2	-0.48	-0.85	0.84	0.49	0.26	0.8	0.84	-0.62	0.82		0.91
Property Plant Equipment	0.68	0.99	0.99	-0.01	0.64	-0.93	0.67	0.69	0.5	-0.79	0.88	0.99	-0.79	-0.01	-0.03	-0.79	-0.86	0.92	0.77	0.26	0.88	0.81	-0.69	0.91	0.91

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NervGen Pharma Account Relationship Matchups

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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