NextPlat Net Income vs Other Non Cash Items 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 Net Income and its Other Non Cash Items 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.

Net Income vs Other Non Cash Items

Net Income vs Other Non Cash Items Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of NextPlat Corp Net Income account and Other Non Cash Items. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between NextPlat Corp's Net Income and Other Non Cash Items is -0.11. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Other Non Cash Items 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 Net Income and Other Non Cash Items 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 Income of NextPlat Corp are associated (or correlated) with its Other Non Cash Items. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Non Cash Items has no effect on the direction of Net Income i.e., NextPlat Corp's Net Income and Other Non Cash Items go up and down completely randomly.

Correlation Coefficient

-0.11
Relationship DirectionNegative 
Relationship StrengthInsignificant

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in NextPlat Corp financial statement analysis. It represents the amount of money remaining after all of NextPlat Corp operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Other Non Cash Items

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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