NextPlat Depreciation vs Capital Expenditures Analysis

NXPLW Stock  USD 0.10  0.01  9.09%   
NextPlat Corp financial indicator trend analysis is infinitely more than just investigating NextPlat Corp recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether NextPlat Corp is a good investment. Please check the relationship between NextPlat Corp Depreciation and its Capital Expenditures accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NextPlat 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 bureau of economic analysis.
For more information on how to buy NextPlat Stock please use our How to Invest in NextPlat Corp guide.

Depreciation vs Capital Expenditures

Depreciation vs Capital Expenditures Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of NextPlat Corp Depreciation account and Capital Expenditures. At this time, the significance of the direction appears to have strong relationship.
The correlation between NextPlat Corp's Depreciation and Capital Expenditures is 0.78. Overlapping area represents the amount of variation of Depreciation that can explain the historical movement of Capital Expenditures in the same time period over historical financial statements of NextPlat Corp, assuming nothing else is changed. The correlation between historical values of NextPlat Corp's Depreciation and Capital Expenditures is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Depreciation of NextPlat Corp are associated (or correlated) with its Capital Expenditures. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capital Expenditures has no effect on the direction of Depreciation i.e., NextPlat Corp's Depreciation and Capital Expenditures go up and down completely randomly.

Correlation Coefficient

0.78
Relationship DirectionPositive 
Relationship StrengthSignificant

Depreciation

Depreciation indicates how much of NextPlat Corp value has been used up. For tax purposes NextPlat Corp can deduct the cost of the tangible assets it purchases as business expenses. However, NextPlat Corp must depreciate these assets in accordance with IRS rules about how and when the deduction may be taken, and how long it will last. The systematic allocation of the cost of a tangible asset over its useful life.

Capital Expenditures

Capital Expenditures are funds used by NextPlat Corp to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of NextPlat Corp operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.
Most indicators from NextPlat Corp's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into NextPlat 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 NextPlat 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 bureau of economic analysis.
For more information on how to buy NextPlat Stock please use our How to Invest in NextPlat Corp guide.At this time, NextPlat Corp's Selling General Administrative is fairly stable compared to the past year. Tax Provision is likely to climb to about 170.1 K in 2024, whereas Issuance Of Capital Stock is likely to drop slightly above 7.8 M in 2024.
 2021 2022 2023 2024 (projected)
Interest Expense1.5M24.5K79K75.1K
Depreciation And Amortization350.1K595.7K2.5M2.7M

NextPlat Corp fundamental ratios Correlations

0.960.96-0.93-0.260.950.960.960.990.680.970.99-0.290.910.970.960.46-0.19-0.020.960.950.980.920.930.09-0.89
0.960.85-0.82-0.261.00.860.860.940.641.00.94-0.20.910.970.970.37-0.120.01.00.960.990.960.980.05-0.94
0.960.85-0.99-0.230.830.990.990.970.680.860.98-0.350.840.90.880.55-0.22-0.040.840.860.90.80.810.13-0.77
-0.93-0.82-0.990.26-0.78-1.0-1.0-0.94-0.69-0.83-0.960.3-0.77-0.84-0.84-0.650.18-0.01-0.8-0.82-0.86-0.76-0.77-0.10.71
-0.26-0.26-0.230.26-0.26-0.27-0.27-0.29-0.87-0.26-0.27-0.560.06-0.23-0.27-0.11-0.36-0.84-0.25-0.36-0.25-0.31-0.250.120.24
0.951.00.83-0.78-0.260.830.830.930.630.990.92-0.20.910.980.970.3-0.140.01.00.960.990.960.980.05-0.95
0.960.860.99-1.0-0.270.831.00.960.70.870.98-0.30.80.870.880.61-0.180.010.840.860.90.80.810.1-0.77
0.960.860.99-1.0-0.270.831.00.960.70.870.98-0.30.80.870.880.61-0.180.010.840.860.90.80.810.1-0.77
0.990.940.97-0.94-0.290.930.960.960.710.950.99-0.250.880.970.970.42-0.160.010.940.950.970.890.930.11-0.87
0.680.640.68-0.69-0.870.630.70.70.710.640.70.290.380.630.650.350.180.620.620.720.650.630.61-0.03-0.58
0.971.00.86-0.83-0.260.990.870.870.950.640.94-0.210.920.980.980.37-0.13-0.011.00.970.990.950.980.07-0.94
0.990.940.98-0.96-0.270.920.980.980.990.70.94-0.280.880.940.940.53-0.180.00.930.930.970.890.90.09-0.86
-0.29-0.2-0.350.3-0.56-0.2-0.3-0.3-0.250.29-0.21-0.28-0.43-0.29-0.24-0.220.680.71-0.21-0.16-0.25-0.29-0.17-0.250.17
0.910.910.84-0.770.060.910.80.80.880.380.920.88-0.430.940.890.31-0.28-0.310.910.860.920.840.890.13-0.85
0.970.970.9-0.84-0.230.980.870.870.970.630.980.94-0.290.940.970.29-0.21-0.050.980.960.990.940.960.1-0.92
0.960.970.88-0.84-0.270.970.880.880.970.650.980.94-0.240.890.970.32-0.14-0.030.970.980.980.920.970.14-0.91
0.460.370.55-0.65-0.110.30.610.610.420.350.370.53-0.220.310.290.32-0.090.070.320.340.380.350.230.0-0.23
-0.19-0.12-0.220.18-0.36-0.14-0.18-0.18-0.160.18-0.13-0.180.68-0.28-0.21-0.14-0.090.4-0.15-0.11-0.17-0.23-0.09-0.110.12
-0.020.0-0.04-0.01-0.840.00.010.010.010.62-0.010.00.71-0.31-0.05-0.030.070.4-0.010.1-0.030.05-0.03-0.31-0.01
0.961.00.84-0.8-0.251.00.840.840.940.621.00.93-0.210.910.980.970.32-0.15-0.010.960.990.960.980.04-0.95
0.950.960.86-0.82-0.360.960.860.860.950.720.970.93-0.160.860.960.980.34-0.110.10.960.970.920.950.12-0.91
0.980.990.9-0.86-0.250.990.90.90.970.650.990.97-0.250.920.990.980.38-0.17-0.030.990.970.950.970.07-0.93
0.920.960.8-0.76-0.310.960.80.80.890.630.950.89-0.290.840.940.920.35-0.230.050.960.920.950.930.04-0.92
0.930.980.81-0.77-0.250.980.810.810.930.610.980.9-0.170.890.960.970.23-0.09-0.030.980.950.970.93-0.01-0.93
0.090.050.13-0.10.120.050.10.10.11-0.030.070.09-0.250.130.10.140.0-0.11-0.310.040.120.070.04-0.01-0.02
-0.89-0.94-0.770.710.24-0.95-0.77-0.77-0.87-0.58-0.94-0.860.17-0.85-0.92-0.91-0.230.12-0.01-0.95-0.91-0.93-0.92-0.93-0.02
Click cells to compare fundamentals

NextPlat Corp Account Relationship Matchups

NextPlat Corp fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets2.4M2.6M20.6M28.6M64.5M67.7M
Total Current Liabilities1.4M1.5M2.8M2.1M14.2M14.9M
Total Stockholder Equity639.7K565.2K17.5M25.8M32.2M33.8M
Net Debt321.5K17.6K(16.9M)(17.8M)(23.3M)(22.1M)
Retained Earnings(11.1M)(13.9M)(22.0M)(31.1M)(34.9M)(33.2M)
Accounts Payable901.2K747.5K846.4K1.2M12.1M12.7M
Cash75.4K728.8K17.3M18.9M26.3M27.6M
Cash And Short Term Investments75.4K728.8K17.3M18.9M26.3M27.6M
Common Stock Shares Outstanding21.2K267.9K4.1M9.6M17.5M18.4M
Liabilities And Stockholders Equity2.4M2.6M20.6M28.6M64.5M67.7M
Other Stockholder Equity11.8M14.5M39.5M57.0M67.2M70.5M
Total Liab1.8M2.1M3.0M2.9M16.4M17.2M
Total Current Assets877.4K1.4M19.4M21.2M43.6M45.8M
Common Stock12.0408.0705.01.4K2K1.9K
Property Plant And Equipment Net1.4M1.2M1.1M2.1M5.6M5.9M
Non Current Assets Total1.5M1.3M1.2M7.5M20.8M21.9M
Short Long Term Debt Total396.9K746.3K329.9K1.1M3.0M3.2M
Other Current Liab402.2K422.7K1.8M524.3K943K658.2K
Current Deferred Revenue87.3K90.3K96.5K122.9K42K81.8K
Net Receivables320.4K252.6K941.7K959K11.6M12.1M
Non Current Liabilities Total343.1K552.5K253.8K806.2K2.1M2.3M
Inventory366.3K361.4K1.0M1.3M5.1M5.4M
Other Current Assets96.8K29.7K145.6K46K640K672K
Short Term Debt53.7K295.9K95.9K269K1.4M1.5M
Intangible Assets125M100K75K50.0M14.4M16.2M
Accumulated Other Comprehensive Income(2.2K)(42.8K)3.2K(40.7K)(63K)(66.2K)
Net Invested Capital955.7K1.3M17.8M26.0M33.7M35.4M
Capital Stock12.0408.0705.01.4K2K1.2K
Net Working Capital(567.0K)(144.1K)16.6M19.1M29.4M30.9M

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