| NXE Stock | | | CAD 7.89 0.07 0.88% |
NexGen Energy financial indicator trend analysis is infinitely more than just investigating NexGen Energy recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether NexGen Energy is a good investment. Please check the relationship between NexGen Energy Net Debt and its Net Receivables accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NexGen Energy. 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.
To learn how to invest in NexGen Stock, please use our
How to Invest in NexGen Energy guide.
Net Debt vs Net Receivables
Net Debt vs Net Receivables Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
NexGen Energy Net Debt account and
Net Receivables. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between NexGen Energy's Net Debt and Net Receivables is -0.7. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Net Receivables in the same time period over historical financial statements of NexGen Energy, assuming nothing else is changed. The correlation between historical values of NexGen Energy's Net Debt and Net Receivables 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 Debt of NexGen Energy are associated (or correlated) with its Net Receivables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Receivables has no effect on the direction of Net Debt i.e., NexGen Energy's Net Debt and Net Receivables go up and down completely randomly.
Correlation Coefficient | -0.7 |
| Relationship Direction | Negative |
| Relationship Strength | Weak |
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.
Net Receivables
Most indicators from NexGen Energy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into NexGen Energy 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 NexGen Energy. 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.
To learn how to invest in NexGen Stock, please use our
How to Invest in NexGen Energy guide.At this time, NexGen Energy's
Issuance Of Capital Stock is very stable compared to the past year. As of the 25th of February 2025,
Enterprise Value is likely to grow to about 2.7
B, while
Selling General Administrative is likely to drop about 23.1
M.
NexGen Energy fundamental ratios Correlations
Click cells to compare fundamentals
NexGen Energy Account Relationship Matchups
High Positive Relationship
High Negative Relationship
NexGen Energy fundamental ratios Accounts
When determining whether NexGen Energy is a strong investment it is important to analyze NexGen Energy's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact NexGen Energy's
future performance.
For an informed investment choice regarding NexGen Stock, refer to the following important reports: Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NexGen Energy. 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.
To learn how to invest in NexGen Stock, please use our
How to Invest in NexGen Energy guide.
You can also try the
Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.
Please note, there is a significant difference between NexGen Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if NexGen Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, NexGen Energy's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.