Nextracker Cash And Short Term Investments vs Common Stock Shares Outstanding Analysis

NXT Stock

38.85 1.45 3.88%

Nextracker financial indicator trend analysis is infinitely more than just investigating Nextracker Class A recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Nextracker Class A is a good investment. Please check the relationship between Nextracker Cash And Short Term Investments and its Common Stock Shares Outstanding accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nextracker Class A. 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.

Cash And Short Term Investments vs Common Stock Shares Outstanding

Cash And Short Term Investments vs Common Stock Shares Outstanding Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Nextracker Class A Cash And Short Term Investments account and Common Stock Shares Outstanding. At this time, the significance of the direction appears to have strong relationship.

The correlation between Nextracker's Cash And Short Term Investments and Common Stock Shares Outstanding is 0.71. Overlapping area represents the amount of variation of Cash And Short Term Investments that can explain the historical movement of Common Stock Shares Outstanding in the same time period over historical financial statements of Nextracker Class A, assuming nothing else is changed. The correlation between historical values of Nextracker's Cash And Short Term Investments and Common Stock Shares Outstanding is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash And Short Term Investments of Nextracker Class A are associated (or correlated) with its Common Stock Shares Outstanding. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock Shares Outstanding has no effect on the direction of Cash And Short Term Investments i.e., Nextracker's Cash And Short Term Investments and Common Stock Shares Outstanding go up and down completely randomly.

Correlation Coefficient

0.71

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Cash And Short Term Investments

Short Term Investments is an account in the current assets section of Nextracker Class A balance sheet. This account contains Nextracker investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Nextracker Class A fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.

Common Stock Shares Outstanding

The total number of shares of a company's common stock that are currently owned by all its shareholders.

Most indicators from Nextracker's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Nextracker Class A 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 Nextracker Class A. 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.

At this time, Nextracker's Selling General Administrative is comparatively stable compared to the past year. Tax Provision is likely to gain to about 117.4 M in 2024, whereas Enterprise Value Over EBITDA is likely to drop 6.43 in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	147.0M	287.0M	813.0M	853.7M
Total Revenue	1.5B	1.9B	2.5B	1.6B

Gross Profit Total Revenue

Nextracker fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Intangible Assets	Common Stock	Short Long Term Debt Total	Other Liab
Total Assets		0.95	0.97	-0.1	0.9	0.94	-0.75	-0.86	0.95	0.83	0.95	0.78	0.84	0.97	-0.59	0.9	0.84	0.89	0.81	0.79	0.95	0.88	-0.79	-0.77	0.84	0.9
Other Current Liab	0.95		0.99	-0.04	0.85	0.94	-0.71	-0.8	0.98	0.79	0.85	0.77	0.79	0.96	-0.6	0.81	0.88	0.95	0.81	0.77	0.98	0.88	-0.85	-0.85	0.76	0.91
Total Current Liabilities	0.97	0.99		-0.09	0.83	0.96	-0.74	-0.82	0.99	0.82	0.85	0.75	0.83	0.96	-0.59	0.83	0.86	0.95	0.8	0.75	0.97	0.88	-0.89	-0.81	0.79	0.93
Total Stockholder Equity	-0.1	-0.04	-0.09		-0.14	-0.3	-0.42	0.33	0.05	0.19	-0.17	0.34	0.15	-0.25	-0.33	-0.46	-0.13	-0.19	0.27	0.29	-0.17	0.06	0.27	0.31	-0.31	-0.29
Property Plant And Equipment Net	0.9	0.85	0.83	-0.14		0.78	-0.61	-0.81	0.82	0.71	0.84	0.7	0.71	0.93	-0.55	0.82	0.89	0.85	0.76	0.7	0.91	0.81	-0.72	-0.81	0.77	0.9
Current Deferred Revenue	0.94	0.94	0.96	-0.3	0.78		-0.64	-0.89	0.91	0.77	0.88	0.68	0.79	0.95	-0.54	0.92	0.82	0.91	0.73	0.7	0.93	0.85	-0.89	-0.82	0.86	0.9
Net Debt	-0.75	-0.71	-0.74	-0.42	-0.61	-0.64		0.64	-0.8	-0.96	-0.65	-0.91	-0.95	-0.65	0.85	-0.51	-0.67	-0.62	-0.91	-0.9	-0.65	-0.88	0.63	0.45	-0.65	-0.61
Retained Earnings	-0.86	-0.8	-0.82	0.33	-0.81	-0.89	0.64		-0.74	-0.83	-0.9	-0.78	-0.84	-0.89	0.72	-0.94	-0.86	-0.77	-0.81	-0.81	-0.82	-0.89	0.77	0.84	-1.0	-0.8
Accounts Payable	0.95	0.98	0.99	0.05	0.82	0.91	-0.8	-0.74		0.82	0.8	0.76	0.83	0.93	-0.6	0.74	0.84	0.94	0.81	0.75	0.95	0.88	-0.87	-0.76	0.71	0.91
Cash	0.83	0.79	0.82	0.19	0.71	0.77	-0.96	-0.83	0.82		0.77	0.95	1.0	0.77	-0.9	0.69	0.79	0.71	0.96	0.95	0.75	0.97	-0.73	-0.63	0.84	0.71
Non Current Assets Total	0.95	0.85	0.85	-0.17	0.84	0.88	-0.65	-0.9	0.8	0.77		0.75	0.78	0.9	-0.58	0.95	0.73	0.72	0.77	0.78	0.83	0.8	-0.62	-0.7	0.88	0.76
Non Currrent Assets Other	0.78	0.77	0.75	0.34	0.7	0.68	-0.91	-0.78	0.76	0.95	0.75		0.93	0.71	-0.95	0.62	0.78	0.64	0.99	1.0	0.7	0.93	-0.6	-0.64	0.79	0.6
Cash And Short Term Investments	0.84	0.79	0.83	0.15	0.71	0.79	-0.95	-0.84	0.83	1.0	0.78	0.93		0.78	-0.88	0.71	0.79	0.73	0.94	0.93	0.76	0.97	-0.76	-0.63	0.85	0.73
Net Receivables	0.97	0.96	0.96	-0.25	0.93	0.95	-0.65	-0.89	0.93	0.77	0.9	0.71	0.78		-0.56	0.91	0.91	0.95	0.77	0.72	0.99	0.87	-0.87	-0.88	0.85	0.97
Good Will	-0.59	-0.6	-0.59	-0.33	-0.55	-0.54	0.85	0.72	-0.6	-0.9	-0.58	-0.95	-0.88	-0.56		-0.48	-0.73	-0.52	-0.94	-0.95	-0.55	-0.88	0.55	0.59	-0.75	-0.47
Common Stock Shares Outstanding	0.9	0.81	0.83	-0.46	0.82	0.92	-0.51	-0.94	0.74	0.69	0.95	0.62	0.71	0.91	-0.48		0.76	0.76	0.66	0.66	0.84	0.77	-0.72	-0.77	0.92	0.82
Non Current Liabilities Total	0.84	0.88	0.86	-0.13	0.89	0.82	-0.67	-0.86	0.84	0.79	0.73	0.78	0.79	0.91	-0.73	0.76		0.92	0.84	0.78	0.93	0.92	-0.88	-0.95	0.83	0.9
Inventory	0.89	0.95	0.95	-0.19	0.85	0.91	-0.62	-0.77	0.94	0.71	0.72	0.64	0.73	0.95	-0.52	0.76	0.92		0.71	0.63	0.98	0.84	-0.95	-0.89	0.72	0.97
Other Current Assets	0.81	0.81	0.8	0.27	0.76	0.73	-0.91	-0.81	0.81	0.96	0.77	0.99	0.94	0.77	-0.94	0.66	0.84	0.71		0.99	0.76	0.96	-0.67	-0.71	0.82	0.68
Other Stockholder Equity	0.79	0.77	0.75	0.29	0.7	0.7	-0.9	-0.81	0.75	0.95	0.78	1.0	0.93	0.72	-0.95	0.66	0.78	0.63	0.99		0.7	0.94	-0.6	-0.65	0.82	0.6
Total Liab	0.95	0.98	0.97	-0.17	0.91	0.93	-0.65	-0.82	0.95	0.75	0.83	0.7	0.76	0.99	-0.55	0.84	0.93	0.98	0.76	0.7		0.86	-0.9	-0.89	0.78	0.97
Total Current Assets	0.88	0.88	0.88	0.06	0.81	0.85	-0.88	-0.89	0.88	0.97	0.8	0.93	0.97	0.87	-0.88	0.77	0.92	0.84	0.96	0.94	0.86		-0.83	-0.81	0.89	0.82
Intangible Assets	-0.79	-0.85	-0.89	0.27	-0.72	-0.89	0.63	0.77	-0.87	-0.73	-0.62	-0.6	-0.76	-0.87	0.55	-0.72	-0.88	-0.95	-0.67	-0.6	-0.9	-0.83		0.84	-0.74	-0.93
Common Stock	-0.77	-0.85	-0.81	0.31	-0.81	-0.82	0.45	0.84	-0.76	-0.63	-0.7	-0.64	-0.63	-0.88	0.59	-0.77	-0.95	-0.89	-0.71	-0.65	-0.89	-0.81	0.84		-0.8	-0.85
Short Long Term Debt Total	0.84	0.76	0.79	-0.31	0.77	0.86	-0.65	-1.0	0.71	0.84	0.88	0.79	0.85	0.85	-0.75	0.92	0.83	0.72	0.82	0.82	0.78	0.89	-0.74	-0.8		0.76
Other Liab	0.9	0.91	0.93	-0.29	0.9	0.9	-0.61	-0.8	0.91	0.71	0.76	0.6	0.73	0.97	-0.47	0.82	0.9	0.97	0.68	0.6	0.97	0.82	-0.93	-0.85	0.76

Click cells to compare fundamentals

Nextracker Account Relationship Matchups

Nextracker fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	619.2M	881.0M	1.0B	1.4B	2.5B	1.3B
Other Current Liab	100.5M	82.5M	128.9M	117.7M	209.3M	128.1M
Total Current Liabilities	362.9M	391.4M	473.4M	507.4M	891.5M	514.4M
Total Stockholder Equity	231.1M	456.0M	(3.0M)	(3.1B)	961.0M	1.0B
Property Plant And Equipment Net	3.9M	5.0M	7.4M	7.3M	9.2M	7.0M
Current Deferred Revenue	85.5M	77.4M	77.9M	176.5M	225.5M	120.5M
Net Debt	2.5M	(186.1M)	(24.6M)	17.1M	(330.1M)	(313.6M)
Retained Earnings	231.1M	456.0M	(3.0M)	(3.1B)	(3.1B)	(2.9B)
Accounts Payable	175.5M	231.5M	266.6M	211.4M	456.6M	265.3M
Cash	3.0M	190.6M	29.1M	130.0M	474.1M	497.8M
Non Current Assets Total	316.4M	297.7M	303.2M	547.4M	750.5M	465.6M
Non Currrent Assets Other	21.8M	16.5M	28.1M	16.6M	474.6M	498.3M
Cash And Short Term Investments	3.0M	218.0M	38.4M	159.3M	474.1M	497.8M
Net Receivables	222.8M	268.2M	460.7M	569.1M	779.8M	456.2M
Liabilities And Stockholders Equity	619.2M	881.0M	1.0B	1.4B	2.5B	1.3B
Non Current Liabilities Total	25.2M	33.6M	547.0M	427.4M	635.3M	667.0M
Inventory	73.2M	84.5M	172.2M	138.1M	201.7M	127.8M
Other Current Assets	3.9M	12.6M	52.1M	35.1M	312.6M	328.3M
Other Stockholder Equity	(231.1M)	(456.0M)	(504.2M)	0.0	4.0B	4.2B
Total Liab	388.1M	424.9M	1.0B	934.8M	1.5B	823.7M
Total Current Assets	302.8M	583.3M	714.1M	872.3M	1.8B	1.9B
Intangible Assets	25.5M	11.0M	2.5M	1.3M	1.5M	1.5M

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.

Explore Investing Ideas

Additional Tools for Nextracker Stock Analysis

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

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC