Nexoptic Net Invested Capital vs Cash Analysis

NXO Stock

CAD 0.03 0.01 16.67%

Nexoptic Technology financial indicator trend analysis is infinitely more than just investigating Nexoptic Technology Corp recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Nexoptic Technology Corp is a good investment. Please check the relationship between Nexoptic Technology Net Invested Capital and its Cash accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nexoptic Technology 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 board of governors.

Net Invested Capital vs Cash

Net Invested Capital vs Cash Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Nexoptic Technology Corp Net Invested Capital account and Cash. At this time, the significance of the direction appears to have weak relationship.

The correlation between Nexoptic Technology's Net Invested Capital and Cash is 0.34. Overlapping area represents the amount of variation of Net Invested Capital that can explain the historical movement of Cash in the same time period over historical financial statements of Nexoptic Technology Corp, assuming nothing else is changed. The correlation between historical values of Nexoptic Technology's Net Invested Capital and Cash 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 Invested Capital of Nexoptic Technology Corp are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Net Invested Capital i.e., Nexoptic Technology's Net Invested Capital and Cash go up and down completely randomly.

Correlation Coefficient

0.34

Relationship Direction	Positive
Relationship Strength	Very Weak

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Net Invested Capital

The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.

Cash

Cash refers to the most liquid asset of Nexoptic Technology Corp, which is listed under current asset account on Nexoptic Technology Corp balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Nexoptic Technology customers. The amounts must be unrestricted with restricted cash listed in a different Nexoptic Technology account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.

Most indicators from Nexoptic Technology's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Nexoptic Technology 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 Nexoptic Technology 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 board of governors.

At this time, Nexoptic Technology's Selling General Administrative is fairly stable compared to the past year. Enterprise Value Over EBITDA is likely to climb to 39.81 in 2024, whereas Issuance Of Capital Stock is likely to drop 0.00 in 2024.

	2020	2023	2024 (projected)
Reconciled Depreciation	1.2M	1.4M	1.3M
Interest Income	91.0	3.6	3.42

Reconciled Depreciation Interest Income

Nexoptic Technology fundamental ratios Correlations

	Total Assets	Total Stockholder Equity	Net Debt	Cash	Cash And Short Term Investments	Total Current Assets	Other Current Liab	Total Current Liabilities	Retained Earnings	Accounts Payable	Net Receivables	Common Stock Shares Outstanding	Other Stockholder Equity	Total Liab	Net Tangible Assets	Other Assets	Other Current Assets	Common Stock	Property Plant Equipment	Inventory	Short Term Investments	Net Invested Capital	Net Working Capital	Intangible Assets	Capital Stock	Short Long Term Debt Total
Total Assets		1.0	-0.84	0.84	0.84	0.84	-0.27	-0.28	0.21	-0.03	0.2	0.1	0.76	-0.29	0.73	-0.13	0.07	0.28	-0.24	0.18	0.16	0.31	0.18	0.13	-0.32	-0.23
Total Stockholder Equity	1.0		-0.85	0.84	0.84	0.84	-0.3	-0.32	0.24	-0.05	0.21	0.07	0.75	-0.32	0.74	-0.1	0.05	0.24	-0.21	0.2	0.2	0.35	0.21	0.16	-0.36	-0.26
Net Debt	-0.84	-0.85		-1.0	-1.0	-1.0	0.34	0.37	-0.26	0.0	-0.32	0.04	-0.87	0.37	-0.85	-0.04	0.04	-0.16	0.16	-0.27	-0.3	-0.35	-0.34	-0.32	0.34	0.33
Cash	0.84	0.84	-1.0		1.0	1.0	-0.33	-0.36	0.25	0.0	0.32	-0.02	0.87	-0.36	0.84	0.03	-0.04	0.17	-0.17	0.26	0.29	0.34	0.33	0.31	-0.33	-0.32
Cash And Short Term Investments	0.84	0.84	-1.0	1.0		1.0	-0.33	-0.36	0.25	0.0	0.32	-0.02	0.87	-0.36	0.84	0.03	-0.04	0.17	-0.17	0.26	0.29	0.34	0.33	0.31	-0.33	-0.32
Total Current Assets	0.84	0.84	-1.0	1.0	1.0		-0.32	-0.35	0.24	0.01	0.35	-0.02	0.86	-0.35	0.83	0.02	-0.02	0.17	-0.17	0.27	0.28	0.33	0.32	0.3	-0.32	-0.31
Other Current Liab	-0.27	-0.3	0.34	-0.33	-0.33	-0.32		0.94	-0.83	0.44	-0.27	0.72	-0.04	0.94	-0.63	-0.61	0.64	0.72	-0.45	-0.32	-0.8	-0.84	-0.82	-0.68	0.77	0.67
Total Current Liabilities	-0.28	-0.32	0.37	-0.36	-0.36	-0.35	0.94		-0.85	0.39	-0.25	0.8	-0.02	1.0	-0.66	-0.64	0.59	0.68	-0.47	-0.61	-0.82	-0.87	-0.86	-0.83	0.9	0.77
Retained Earnings	0.21	0.24	-0.26	0.25	0.25	0.24	-0.83	-0.85		-0.74	0.23	-0.92	-0.01	-0.85	0.68	0.85	-0.62	-0.87	0.67	0.44	0.98	0.99	0.97	0.86	-0.89	-0.62
Accounts Payable	-0.03	-0.05	0.0	0.0	0.0	0.01	0.44	0.39	-0.74		-0.12	0.61	0.14	0.4	-0.38	-0.64	0.29	0.72	-0.52	-0.02	-0.72	-0.73	-0.66	-0.47	0.44	0.07
Net Receivables	0.2	0.21	-0.32	0.32	0.32	0.35	-0.27	-0.25	0.23	-0.12		-0.18	0.01	-0.25	0.19	0.31	-0.06	-0.14	0.31	0.08	0.18	0.22	0.17	0.14	-0.2	-0.14
Common Stock Shares Outstanding	0.1	0.07	0.04	-0.02	-0.02	-0.02	0.72	0.8	-0.92	0.61	-0.18		0.25	0.81	-0.46	-0.92	0.58	0.92	-0.78	-0.59	-0.91	-0.88	-0.92	-0.92	0.85	0.69
Other Stockholder Equity	0.76	0.75	-0.87	0.87	0.87	0.86	-0.04	-0.02	-0.01	0.14	0.01	0.25		-0.02	0.67	-0.2	0.02	0.37	-0.36	-0.02	0.08	0.08	0.08	0.05	-0.04	-0.01
Total Liab	-0.29	-0.32	0.37	-0.36	-0.36	-0.35	0.94	1.0	-0.85	0.4	-0.25	0.81	-0.02		-0.66	-0.64	0.58	0.68	-0.47	-0.62	-0.82	-0.87	-0.87	-0.84	0.91	0.78
Net Tangible Assets	0.73	0.74	-0.85	0.84	0.84	0.83	-0.63	-0.66	0.68	-0.38	0.19	-0.46	0.67	-0.66		0.43	-0.39	-0.31	0.23	0.38	0.71	0.74	0.74	0.65	-0.66	-0.52
Other Assets	-0.13	-0.1	-0.04	0.03	0.03	0.02	-0.61	-0.64	0.85	-0.64	0.31	-0.92	-0.2	-0.64	0.43		-0.59	-0.89	0.86	0.37	0.86	0.8	0.85	0.78	-0.69	-0.48
Other Current Assets	0.07	0.05	0.04	-0.04	-0.04	-0.02	0.64	0.59	-0.62	0.29	-0.06	0.58	0.02	0.58	-0.39	-0.59		0.66	-0.48	-0.03	-0.65	-0.59	-0.63	-0.45	0.54	0.24
Common Stock	0.28	0.24	-0.16	0.17	0.17	0.17	0.72	0.68	-0.87	0.72	-0.14	0.92	0.37	0.68	-0.31	-0.89	0.66		-0.76	-0.24	-0.87	-0.81	-0.85	-0.72	0.67	0.48
Property Plant Equipment	-0.24	-0.21	0.16	-0.17	-0.17	-0.17	-0.45	-0.47	0.67	-0.52	0.31	-0.78	-0.36	-0.47	0.23	0.86	-0.48	-0.76		0.26	0.65	0.6	0.64	0.58	-0.52	-0.36
Inventory	0.18	0.2	-0.27	0.26	0.26	0.27	-0.32	-0.61	0.44	-0.02	0.08	-0.59	-0.02	-0.62	0.38	0.37	-0.03	-0.24	0.26		0.43	0.46	0.51	0.78	-0.71	-0.75
Short Term Investments	0.16	0.2	-0.3	0.29	0.29	0.28	-0.8	-0.82	0.98	-0.72	0.18	-0.91	0.08	-0.82	0.71	0.86	-0.65	-0.87	0.65	0.43		0.97	0.99	0.89	-0.84	-0.58
Net Invested Capital	0.31	0.35	-0.35	0.34	0.34	0.33	-0.84	-0.87	0.99	-0.73	0.22	-0.88	0.08	-0.87	0.74	0.8	-0.59	-0.81	0.6	0.46	0.97		0.96	0.86	-0.89	-0.62
Net Working Capital	0.18	0.21	-0.34	0.33	0.33	0.32	-0.82	-0.86	0.97	-0.66	0.17	-0.92	0.08	-0.87	0.74	0.85	-0.63	-0.85	0.64	0.51	0.99	0.96		0.92	-0.87	-0.67
Intangible Assets	0.13	0.16	-0.32	0.31	0.31	0.3	-0.68	-0.83	0.86	-0.47	0.14	-0.92	0.05	-0.84	0.65	0.78	-0.45	-0.72	0.58	0.78	0.89	0.86	0.92		-0.9	-0.78
Capital Stock	-0.32	-0.36	0.34	-0.33	-0.33	-0.32	0.77	0.9	-0.89	0.44	-0.2	0.85	-0.04	0.91	-0.66	-0.69	0.54	0.67	-0.52	-0.71	-0.84	-0.89	-0.87	-0.9		0.81
Short Long Term Debt Total	-0.23	-0.26	0.33	-0.32	-0.32	-0.31	0.67	0.77	-0.62	0.07	-0.14	0.69	-0.01	0.78	-0.52	-0.48	0.24	0.48	-0.36	-0.75	-0.58	-0.62	-0.67	-0.78	0.81

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Nexoptic Technology Account Relationship Matchups

Nexoptic Technology fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	305.1K	2.4M	417.8K	1.0M	106.7K	101.4K
Total Stockholder Equity	(1.0M)	1.5M	(639.9K)	(987.7K)	(1.8M)	(1.7M)
Net Debt	(194.0K)	(2.3M)	(283.5K)	(702.3K)	42.1K	44.2K
Cash	194.0K	2.3M	337.0K	762.3K	37.9K	36.0K
Cash And Short Term Investments	194.0K	2.3M	337.0K	762.3K	37.9K	36.0K
Liabilities And Stockholders Equity	305.1K	2.4M	417.8K	1.0M	106.7K	101.4K
Total Current Assets	305.1K	2.4M	417.8K	1.0M	106.7K	101.4K
Other Current Liab	1.3M	864.8K	1.0M	1.9M	1.7M	938.4K
Total Current Liabilities	1.3M	864.8K	1.0M	2.0M	1.9M	2.0M
Retained Earnings	(83.8M)	(86.8M)	(89.0M)	(89.1M)	(90.4M)	(85.9M)
Accounts Payable	620.8K	572.5K	799.3K	165.8K	190.7K	260.0K
Net Receivables	44.7K	29.6K	25.4K	45.2K	34.3K	45.7K
Common Stock Shares Outstanding	132.2M	141.7M	147.3M	153.5M	194.8M	204.5M
Other Stockholder Equity	10.6M	9.1M	10.1M	10.0M	11.5M	13.4M
Total Liab	1.3M	924.2K	1.1M	2.0M	1.9M	2.0M
Accumulated Other Comprehensive Income	9.1M	10.1M	10.0M	6.5M	6.3M	5.7M
Net Tangible Assets	2.7M	(1.0M)	1.5M	(639.9K)	(575.9K)	(547.1K)
Other Current Assets	66.3K	79.5K	55.4K	201.7K	34.5K	64.8K
Common Stock	73.6M	78.3M	78.4M	81.6M	82.3M	56.0M
Short Term Investments	2.3M	69.4K	5.8K	5.8K	5.2K	4.9K
Net Invested Capital	(1.0M)	1.6M	(586.3K)	(927.7K)	(1.8M)	(1.7M)
Net Working Capital	(1.0M)	1.6M	(586.3K)	(971.2K)	(1.8M)	(1.7M)
Capital Stock	73.6M	78.3M	78.4M	81.6M	82.3M	85.2M

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