Nixxy, Capital Lease Obligations vs Total Current Assets Analysis
| NIXX Stock | 5.85 0.51 9.55% |
Nixxy, financial indicator trend analysis is infinitely more than just investigating Nixxy, Inc recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Nixxy, Inc is a good investment. Please check the relationship between Nixxy, Capital Lease Obligations and its Total Current Assets accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nixxy, Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in interest.
Capital Lease Obligations vs Total Current Assets
Capital Lease Obligations vs Total Current Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Nixxy, Inc Capital Lease Obligations account and Total Current Assets. At this time, the significance of the direction appears to have pay attention.
The correlation between Nixxy,'s Capital Lease Obligations and Total Current Assets is -0.75. Overlapping area represents the amount of variation of Capital Lease Obligations that can explain the historical movement of Total Current Assets in the same time period over historical financial statements of Nixxy, Inc, assuming nothing else is changed. The correlation between historical values of Nixxy,'s Capital Lease Obligations and Total Current Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Capital Lease Obligations of Nixxy, Inc are associated (or correlated) with its Total Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Assets has no effect on the direction of Capital Lease Obligations i.e., Nixxy,'s Capital Lease Obligations and Total Current Assets go up and down completely randomly.
Correlation Coefficient | -0.75 |
| Relationship Direction | Negative |
| Relationship Strength | Weak |
Capital Lease Obligations
Nixxy, Inc capital lease obligations are the amount due for long-term lease agreements that are nearly equivalent to Nixxy, asset purchases. For example, Nixxy, can use a capital lease to finance the purchase of an asset without ever buying it. A capital lease gives companies such as Nixxy, control over an asset for a big portion of its life. The total obligations of a company under capital leases, which are lease agreements that transfer substantially all risks and rewards of ownership to the lessee.Total Current Assets
The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.Most indicators from Nixxy,'s fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Nixxy, Inc 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 Nixxy, Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in interest. Selling General Administrative is likely to rise to about 9.7 M in 2024, whereas Issuance Of Capital Stock is likely to drop slightly above 746.2 K in 2024.
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 7.3M | 7.6M | 466.8K | 443.5K | Total Revenue | 22.2M | 21.3M | 3.2M | 3.0M |
Nixxy, fundamental ratios Correlations
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Nixxy, Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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When running Nixxy,'s price analysis, check to measure Nixxy,'s market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Nixxy, is operating at the current time. Most of Nixxy,'s value examination focuses on studying past and present price action to predict the probability of Nixxy,'s future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nixxy,'s price. Additionally, you may evaluate how the addition of Nixxy, to your portfolios can decrease your overall portfolio volatility.