NLIGHT Non Current Assets Total vs Non Current Liabilities Total Analysis

LASR Stock  USD 11.23  3.45  23.50%   
NLIGHT financial indicator trend analysis is infinitely more than just investigating nLIGHT Inc recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether nLIGHT Inc is a good investment. Please check the relationship between NLIGHT Non Current Assets Total and its Non Current Liabilities Total accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in nLIGHT 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 state.

Non Current Assets Total vs Non Current Liabilities Total

Non Current Assets Total vs Non Current Liabilities Total Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of nLIGHT Inc Non Current Assets Total account and Non Current Liabilities Total. At this time, the significance of the direction appears to have very week relationship.
The correlation between NLIGHT's Non Current Assets Total and Non Current Liabilities Total is 0.22. Overlapping area represents the amount of variation of Non Current Assets Total that can explain the historical movement of Non Current Liabilities Total in the same time period over historical financial statements of nLIGHT Inc, assuming nothing else is changed. The correlation between historical values of NLIGHT's Non Current Assets Total and Non Current Liabilities Total is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Current Assets Total of nLIGHT Inc are associated (or correlated) with its Non Current Liabilities Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Liabilities Total has no effect on the direction of Non Current Assets Total i.e., NLIGHT's Non Current Assets Total and Non Current Liabilities Total go up and down completely randomly.

Correlation Coefficient

0.22
Relationship DirectionPositive 
Relationship StrengthVery Weak

Non Current Assets Total

The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.

Non Current Liabilities Total

Most indicators from NLIGHT's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into nLIGHT 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 nLIGHT 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 state.
As of 11/11/2024, Tax Provision is likely to grow to about (1 M). In addition to that, Selling General Administrative is likely to drop to about 39.4 M
 2023 2024 (projected)
Depreciation And Amortization16.0M14.2M
Interest Income89.7K85.2K

NLIGHT fundamental ratios Correlations

-0.520.880.881.00.970.990.890.66-0.79-0.650.830.830.930.670.37-0.970.950.970.910.90.910.54-0.97-0.110.96
-0.52-0.36-0.19-0.58-0.49-0.56-0.09-0.190.810.0-0.17-0.76-0.21-0.69-0.120.69-0.72-0.43-0.31-0.64-0.26-0.050.690.9-0.44
0.88-0.360.960.860.880.830.80.68-0.67-0.550.890.740.850.540.56-0.850.80.840.850.90.790.37-0.850.010.8
0.88-0.190.960.840.870.820.890.65-0.61-0.580.960.690.90.410.53-0.790.760.850.870.80.820.37-0.790.220.81
1.0-0.580.860.840.970.990.850.64-0.81-0.630.790.850.90.70.34-0.980.970.970.890.910.890.53-0.98-0.180.96
0.97-0.490.880.870.970.970.890.74-0.72-0.690.770.750.930.780.51-0.950.910.980.920.90.920.61-0.95-0.070.97
0.99-0.560.830.820.990.970.850.68-0.78-0.670.740.810.90.730.32-0.970.960.980.880.910.90.59-0.97-0.170.98
0.89-0.090.80.890.850.890.850.67-0.45-0.780.820.510.990.480.41-0.760.70.910.930.70.950.67-0.760.340.91
0.66-0.190.680.650.640.740.680.67-0.26-0.880.470.380.690.640.42-0.670.570.760.680.650.780.71-0.670.130.7
-0.790.81-0.67-0.61-0.81-0.72-0.78-0.45-0.260.09-0.66-0.98-0.53-0.55-0.250.84-0.91-0.67-0.56-0.78-0.480.00.840.56-0.67
-0.650.0-0.55-0.58-0.63-0.69-0.67-0.78-0.880.09-0.42-0.2-0.76-0.52-0.180.59-0.49-0.77-0.7-0.54-0.86-0.920.59-0.32-0.74
0.83-0.170.890.960.790.770.740.820.47-0.66-0.420.730.830.250.46-0.730.730.750.790.690.710.18-0.730.210.71
0.83-0.760.740.690.850.750.810.510.38-0.98-0.20.730.580.540.28-0.870.940.710.60.80.530.05-0.87-0.480.69
0.93-0.210.850.90.90.930.90.990.69-0.53-0.760.830.580.560.45-0.830.770.940.970.760.970.65-0.830.220.94
0.67-0.690.540.410.70.780.730.480.64-0.55-0.520.250.540.560.52-0.790.710.710.590.730.620.6-0.79-0.420.71
0.37-0.120.560.530.340.510.320.410.42-0.25-0.180.460.280.450.52-0.410.290.350.490.360.340.09-0.410.130.31
-0.970.69-0.85-0.79-0.98-0.95-0.97-0.76-0.670.840.59-0.73-0.87-0.83-0.79-0.41-0.97-0.93-0.85-0.93-0.84-0.51.00.32-0.91
0.95-0.720.80.760.970.910.960.70.57-0.91-0.490.730.940.770.710.29-0.970.890.760.910.760.39-0.97-0.370.88
0.97-0.430.840.850.970.980.980.910.76-0.67-0.770.750.710.940.710.35-0.930.890.920.880.950.68-0.93-0.020.99
0.91-0.310.850.870.890.920.880.930.68-0.56-0.70.790.60.970.590.49-0.850.760.920.780.960.59-0.850.10.91
0.9-0.640.90.80.910.90.910.70.65-0.78-0.540.690.80.760.730.36-0.930.910.880.780.770.48-0.93-0.310.86
0.91-0.260.790.820.890.920.90.950.78-0.48-0.860.710.530.970.620.34-0.840.760.950.960.770.77-0.840.140.95
0.54-0.050.370.370.530.610.590.670.710.0-0.920.180.050.650.60.09-0.50.390.680.590.480.77-0.50.210.69
-0.970.69-0.85-0.79-0.98-0.95-0.97-0.76-0.670.840.59-0.73-0.87-0.83-0.79-0.411.0-0.97-0.93-0.85-0.93-0.84-0.50.32-0.91
-0.110.90.010.22-0.18-0.07-0.170.340.130.56-0.320.21-0.480.22-0.420.130.32-0.37-0.020.1-0.310.140.210.32-0.04
0.96-0.440.80.810.960.970.980.910.7-0.67-0.740.710.690.940.710.31-0.910.880.990.910.860.950.69-0.91-0.04
Click cells to compare fundamentals

NLIGHT Account Relationship Matchups

NLIGHT fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets250.0M283.6M373.6M329.2M309.3M271.8M
Short Long Term Debt Total51K13.0M17.7M15.6M14.2M13.4M
Other Current Liab11.6M15.3M14.7M12.8M12.6M13.6M
Total Current Liabilities25.0M41.4M45.8M34.5M32.8M34.5M
Total Stockholder Equity216.6M219.9M302.1M270.8M254.4M216.2M
Other Liab8.3M11.8M11.1M11.0M12.7M9.4M
Net Tangible Assets196.7M199.1M283.0M254.4M292.6M193.6M
Property Plant And Equipment Net27.7M56.8M73.1M74.6M64.9M49.4M
Current Deferred Revenue679K2.5M1.6M1.4M4.8M5.1M
Net Debt(117.2M)(89.2M)(128.9M)(42.2M)(39.1M)(41.0M)
Retained Earnings(117.5M)(138.4M)(168.1M)(222.6M)(264.3M)(251.1M)
Accounts Payable12.7M21.1M26.3M17.5M12.2M17.1M
Cash117.3M102.3M146.5M57.8M53.2M93.1M
Non Current Assets Total51.4M83.1M96.4M98.5M88.7M68.8M
Non Currrent Assets Other3.7M5.5M(381K)4.3M6.9M3.7M
Other Assets3.7M29.5M4.1M7.5M8.6M9.4M
Cash And Short Term Investments117.3M102.3M146.5M108.2M112.9M108.2M
Net Receivables27.1M31.8M41.6M37.9M46.9M32.6M
Good Will9.9M12.5M12.4M12.4M12.4M8.8M
Common Stock Shares Outstanding37.1M38.4M42.1M44.4M46.1M40.7M
Liabilities And Stockholders Equity250.0M283.6M373.6M329.2M309.3M271.8M
Non Current Liabilities Total8.3M22.4M25.7M23.9M22.1M21.1M
Capital Surpluse324.7M336.7M358.5M470.8M541.4M334.5M
Inventory46.1M54.7M73.7M67.6M52.2M52.0M
Other Current Assets8.1M11.8M15.4M17.0M8.6M9.4M
Other Stockholder Equity336.7M358.5M470.8M496.2M521.2M390.8M
Total Liab33.4M63.7M71.5M58.4M54.9M55.6M
Property Plant And Equipment Gross27.7M56.8M73.1M74.6M160.3M168.3M
Short Long Term Debt2.4M91K51K184K165.6K157.3K
Total Current Assets198.6M200.6M277.2M230.8M220.6M203.1M
Accumulated Other Comprehensive Income(2.7M)(259K)(587K)(2.7M)(2.5M)(2.6M)
Non Current Liabilities Other1.9M22.2M4.0M4.3M3.3M5.5M
Short Term Debt51K2.5M3.1M2.8M3.2M2.1M
Intangible Assets10.0M8.3M6.7M4.0M1.7M1.6M
Property Plant Equipment27.7M44.5M73.1M74.6M85.8M43.5M

Pair Trading with NLIGHT

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 NLIGHT 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 NLIGHT will appreciate offsetting losses from the drop in the long position's value.

Moving together with NLIGHT Stock

  0.64KN Knowles CorPairCorr
The ability to find closely correlated positions to NLIGHT could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace NLIGHT 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 NLIGHT - 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 nLIGHT Inc to buy it.
The correlation of NLIGHT 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 NLIGHT moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if nLIGHT Inc 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 NLIGHT 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.
Pair CorrelationCorrelation Matching

Additional Tools for NLIGHT Stock Analysis

When running NLIGHT's price analysis, check to measure NLIGHT'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 NLIGHT is operating at the current time. Most of NLIGHT's value examination focuses on studying past and present price action to predict the probability of NLIGHT's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NLIGHT's price. Additionally, you may evaluate how the addition of NLIGHT to your portfolios can decrease your overall portfolio volatility.