NexGen Historical Balance Sheet
NXE Stock | CAD 11.91 0.13 1.10% |
Trend analysis of NexGen Energy balance sheet accounts such as Total Stockholder Equity of 861 M provides information on NexGen Energy's total assets, liabilities, and equity, which is the actual value of NexGen Energy to its prevalent stockholders. By breaking down trends over time using NexGen Energy balance sheet statements, investors will see what precisely the company owns and what it owes to creditors or other parties at the end of each accounting year.
Financial Statement Analysis is much more than just reviewing and examining NexGen Energy latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether NexGen Energy is a good buy for the upcoming year.
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About NexGen Balance Sheet Analysis
Balance Sheet is a snapshot of the financial position of NexGen Energy at a specified time, usually calculated after every quarter, six months, or one year. NexGen Energy Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of NexGen Energy and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which NexGen currently owns. An asset can also be divided into two categories, current and non-current.
NexGen Energy Balance Sheet Chart
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Total Assets
Total assets refers to the total amount of NexGen Energy 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 NexGen Energy 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.Total Current Liabilities
Total Current Liabilities is an item on NexGen Energy balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of NexGen Energy are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.Total Stockholder Equity
The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.Most accounts from NexGen Energy's balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts 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 balance sheet accounts, 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 Common Stock Total Equity is very stable compared to the past year. As of the 30th of November 2024, Liabilities And Stockholders Equity is likely to grow to about 1.1 B, while Other Current Liabilities is likely to drop about 40.9 K.
2021 | 2022 | 2023 | 2024 (projected) | Other Current Liabilities | 7.5M | 15.8M | 43K | 40.9K | Total Assets | 546.6M | 554.6M | 1.0B | 1.1B |
NexGen Energy balance sheet Correlations
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NexGen Energy Account Relationship Matchups
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NexGen Energy balance sheet Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 313.5M | 357.4M | 546.6M | 554.6M | 1.0B | 1.1B | |
Other Current Liab | 4.2M | 6.5M | 7.5M | 15.8M | 43K | 40.9K | |
Total Current Liabilities | 4.8M | 7.3M | 8.2M | 16.6M | 27.9M | 29.3M | |
Total Stockholder Equity | 164.7M | 94.3M | 433.6M | 417.9M | 820.0M | 861.0M | |
Net Debt | 70.1M | 156.9M | (126.6M) | (52.0M) | (130.3M) | (123.8M) | |
Retained Earnings | (103.4M) | (212.3M) | (333.0M) | (389.9M) | (304.0M) | (288.8M) | |
Cash | 52.1M | 74.0M | 201.8M | 134.4M | 290.7M | 305.3M | |
Cash And Short Term Investments | 52.1M | 74.0M | 211.1M | 140.2M | 290.7M | 305.3M | |
Net Receivables | 610.1K | 304.6K | 1.2M | 1.8M | 2.5M | 2.6M | |
Common Stock Total Equity | 196.3M | 208.7M | 218.8M | 256.0M | 294.3M | 309.1M | |
Common Stock Shares Outstanding | 402.7M | 370.5M | 459.3M | 479.7M | 529.2M | 315.9M | |
Liabilities And Stockholders Equity | 313.5M | 357.4M | 546.6M | 554.6M | 1.0B | 1.1B | |
Other Current Assets | 734.3K | 680K | 1.0M | 2.2M | 13.8M | 14.5M | |
Total Liab | 127.2M | 238.1M | 85.2M | 99.1M | 187.4M | 96.0M | |
Total Current Assets | 53.5M | 75.0M | 213.3M | 144.2M | 307.0M | 322.3M | |
Common Stock | 218.8M | 256.0M | 695.9M | 712.6M | 1.0B | 1.1B | |
Property Plant And Equipment Net | 260.0M | 282.3M | 333.2M | 410.3M | 456.7M | 479.5M | |
Accounts Payable | 3.2M | 6.5K | 7.4K | 13.7K | 26.9M | 28.3M | |
Non Current Assets Total | 260.1M | 282.4M | 333.2M | 410.4M | 700.5M | 735.5M | |
Other Assets | 514.7K | 95.8K | 85.4K | 76K | 87.4K | 110.8K | |
Non Current Liabilities Total | 122.4M | 230.8M | 77.0M | 82.6M | 159.5M | 105.5M | |
Other Stockholder Equity | 46.6M | 50.6M | 70.7M | 460K | 529K | 502.6K | |
Property Plant And Equipment Gross | 260.0M | 282.3M | 342.9M | 421.9M | 469.9M | 493.4M | |
Accumulated Other Comprehensive Income | 49.3M | 50.6M | 70.7M | 95.1M | 114.9M | 120.6M | |
Short Long Term Debt Total | 122.2M | 230.9M | 75.2M | 82.5M | 160.4M | 140.0M | |
Other Liab | 725.1K | 711.6K | 2.5M | 867K | 997.1K | 732.7K | |
Net Tangible Assets | 161.6M | 94.0M | 433.3M | 417.7M | 480.4M | 504.4M | |
Non Currrent Assets Other | 95.8K | 85.2K | 75.7K | 75.9K | 3.6M | 3.8M | |
Long Term Debt | 119.6M | 226.9M | 72.0M | 80.0M | 158.5M | 126.9M | |
Short Term Debt | 559.0K | 778K | 706K | 775K | 926K | 879.7K | |
Intangible Assets | 287.9K | 219.0 | 312.0 | 144.0 | 65.0 | 61.75 | |
Property Plant Equipment | 259.7M | 282.1M | 332.9M | 410.3M | 471.8M | 495.4M | |
Long Term Debt Total | 121.7M | 230.1M | 74.5M | 81.7M | 73.5M | 101.5M | |
Net Invested Capital | 284.3M | 321.1M | 505.6M | 497.9M | 978.5M | 502.6M | |
Net Working Capital | 48.7M | 67.7M | 205.1M | 127.6M | 279.1M | 158.7M | |
Capital Stock | 218.8M | 256.0M | 695.9M | 712.6M | 1.0B | 568.5M |
Pair Trading with NexGen Energy
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if NexGen Energy position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in NexGen Energy will appreciate offsetting losses from the drop in the long position's value.Moving together with NexGen Stock
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Moving against NexGen Stock
The ability to find closely correlated positions to NexGen Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace NexGen Energy when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back NexGen Energy - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling NexGen Energy to buy it.
The correlation of NexGen Energy is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as NexGen Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if NexGen Energy moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for NexGen Energy can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.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 Pattern Recognition module to use different Pattern Recognition models to time the market across multiple global exchanges.