NanoViricides Net Debt vs Other Current Assets Analysis

NNVC Stock

USD 1.10 0.01 0.90%

NanoViricides financial indicator trend analysis is infinitely more than just investigating NanoViricides recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether NanoViricides is a good investment. Please check the relationship between NanoViricides Net Debt and its Other Current Assets accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NanoViricides. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in real.

For information on how to trade NanoViricides Stock refer to our How to Trade NanoViricides Stock guide.

Net Debt vs Other Current Assets

Net Debt vs Other Current Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of NanoViricides Net Debt account and Other Current Assets. At this time, the significance of the direction appears to have no relationship.

The correlation between NanoViricides' Net Debt and Other Current Assets is 0.01. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Other Current Assets in the same time period over historical financial statements of NanoViricides, assuming nothing else is changed. The correlation between historical values of NanoViricides' Net Debt and Other 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 Net Debt of NanoViricides are associated (or correlated) with its Other Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Assets has no effect on the direction of Net Debt i.e., NanoViricides' Net Debt and Other Current Assets go up and down completely randomly.

Correlation Coefficient

0.01

Relationship Direction	Positive
Relationship Strength	Insignificant

View All Relationships

Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.

Other Current Assets

Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.

Most indicators from NanoViricides' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into NanoViricides 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 NanoViricides. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in real.

For information on how to trade NanoViricides Stock refer to our How to Trade NanoViricides Stock guide.At present, NanoViricides' Issuance Of Capital Stock is projected to increase significantly based on the last few years of reporting.

	2021	2022	2023	2024 (projected)
Reconciled Depreciation	723.3K	747.5K	859.7K	772.2K
Interest Income	11.9K	355.8K	409.2K	429.7K

Reconciled Depreciation Interest Income

NanoViricides fundamental ratios Correlations

	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Retained Earnings	Accounts Payable	Common Stock Total Equity	Common Stock Shares Outstanding	Other Stockholder Equity	Total Liab	Common Stock	Total Assets	Short Long Term Debt Total	Property Plant And Equipment Net	Net Debt	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Non Current Liabilities Total	Other Current Assets	Property Plant And Equipment Gross	Total Current Assets	Intangible Assets	Preferred Stock Total Equity	Property Plant Equipment	Net Tangible Assets
Other Current Liab		0.47	-0.18	0.09	0.46	0.37	-0.35	-0.13	0.22	0.37	-0.06	0.23	0.09	0.18	-0.12	0.11	0.23	-0.12	0.13	0.26	-0.09	-0.11	0.38	0.33	0.08	-0.39
Total Current Liabilities	0.47		0.11	0.12	0.0	0.21	-0.4	-0.14	0.44	0.23	0.27	0.52	0.38	-0.03	0.16	0.39	-0.03	0.16	0.12	0.02	0.04	0.15	0.29	0.22	0.35	-0.02
Total Stockholder Equity	-0.18	0.11		-0.36	-0.05	-0.37	0.16	0.43	0.44	-0.33	0.91	0.42	0.63	-0.85	0.79	0.66	-0.05	0.79	0.39	0.17	0.4	0.79	0.56	-0.43	0.61	0.89
Retained Earnings	0.09	0.12	-0.36		0.16	0.79	-0.83	-0.96	0.34	0.81	-0.09	0.52	-0.6	-0.07	0.14	-0.59	0.55	0.14	0.52	-0.33	-0.84	0.14	-0.33	0.83	-0.62	-0.21
Accounts Payable	0.46	0.0	-0.05	0.16		0.41	-0.22	-0.14	-0.01	0.4	-0.06	0.08	-0.38	-0.14	0.07	-0.36	0.63	0.07	0.26	0.24	-0.39	0.08	0.42	0.31	-0.39	-0.21
Common Stock Total Equity	0.37	0.21	-0.37	0.79	0.41		-0.75	-0.81	0.06	1.0	-0.23	0.33	-0.44	0.08	-0.08	-0.45	0.46	-0.08	0.3	-0.23	-0.69	-0.08	-0.14	0.99	-0.47	-0.35
Common Stock Shares Outstanding	-0.35	-0.4	0.16	-0.83	-0.22	-0.75		0.88	-0.41	-0.79	-0.07	-0.62	0.22	0.12	-0.17	0.2	-0.45	-0.17	-0.49	0.09	0.74	-0.17	0.08	-0.77	0.27	0.18
Other Stockholder Equity	-0.13	-0.14	0.43	-0.96	-0.14	-0.81	0.88		-0.22	-0.82	0.19	-0.43	0.58	-0.02	-0.01	0.58	-0.51	-0.01	-0.41	0.23	0.89	-0.01	0.37	-0.85	0.63	0.33
Total Liab	0.22	0.44	0.44	0.34	-0.01	0.06	-0.41	-0.22		0.08	0.77	0.93	0.15	-0.64	0.81	0.21	0.44	0.81	0.86	-0.32	-0.07	0.81	0.4	0.04	0.13	0.4
Common Stock	0.37	0.23	-0.33	0.81	0.4	1.0	-0.79	-0.82	0.08		-0.2	0.36	-0.42	0.05	-0.05	-0.43	0.46	-0.05	0.31	-0.19	-0.71	-0.05	-0.13	0.99	-0.46	-0.31
Total Assets	-0.06	0.27	0.91	-0.09	-0.06	-0.23	-0.07	0.19	0.77	-0.2		0.73	0.51	-0.9	0.94	0.56	0.15	0.94	0.67	-0.03	0.25	0.94	0.54	-0.29	0.49	0.84
Short Long Term Debt Total	0.23	0.52	0.42	0.52	0.08	0.33	-0.62	-0.43	0.93	0.36	0.73		0.09	-0.67	0.8	0.15	0.49	0.8	0.89	-0.31	-0.26	0.8	0.33	0.31	0.06	0.38
Property Plant And Equipment Net	0.09	0.38	0.63	-0.6	-0.38	-0.44	0.22	0.58	0.15	-0.42	0.51	0.09		-0.18	0.19	1.0	-0.63	0.19	-0.16	0.25	0.74	0.18	0.37	-0.45	0.99	0.5
Net Debt	0.18	-0.03	-0.85	-0.07	-0.14	0.08	0.12	-0.02	-0.64	0.05	-0.9	-0.67	-0.18		-0.96	-0.23	-0.41	-0.96	-0.74	0.01	0.05	-0.96	-0.47	0.15	-0.14	-0.79
Cash	-0.12	0.16	0.79	0.14	0.07	-0.08	-0.17	-0.01	0.81	-0.05	0.94	0.8	0.19	-0.96		0.25	0.4	1.0	0.82	-0.13	-0.01	1.0	0.45	-0.14	0.17	0.78
Non Current Assets Total	0.11	0.39	0.66	-0.59	-0.36	-0.45	0.2	0.58	0.21	-0.43	0.56	0.15	1.0	-0.23	0.25		-0.57	0.25	-0.1	0.24	0.73	0.24	0.43	-0.47	0.98	0.51
Non Currrent Assets Other	0.23	-0.03	-0.05	0.55	0.63	0.46	-0.45	-0.51	0.44	0.46	0.15	0.49	-0.63	-0.41	0.4	-0.57		0.4	0.71	-0.27	-0.67	0.41	0.36	0.39	-0.68	-0.18
Cash And Short Term Investments	-0.12	0.16	0.79	0.14	0.07	-0.08	-0.17	-0.01	0.81	-0.05	0.94	0.8	0.19	-0.96	1.0	0.25	0.4		0.82	-0.13	-0.01	1.0	0.45	-0.14	0.17	0.78
Non Current Liabilities Total	0.13	0.12	0.39	0.52	0.26	0.3	-0.49	-0.41	0.86	0.31	0.67	0.89	-0.16	-0.74	0.82	-0.1	0.71	0.82		-0.35	-0.35	0.83	0.37	0.25	-0.2	0.35
Other Current Assets	0.26	0.02	0.17	-0.33	0.24	-0.23	0.09	0.23	-0.32	-0.19	-0.03	-0.31	0.25	0.01	-0.13	0.24	-0.27	-0.13	-0.35		-0.01	-0.14	0.02	-0.23	0.23	0.1
Property Plant And Equipment Gross	-0.09	0.04	0.4	-0.84	-0.39	-0.69	0.74	0.89	-0.07	-0.71	0.25	-0.26	0.74	0.05	-0.01	0.73	-0.67	-0.01	-0.35	-0.01		-0.02	0.28	-0.71	0.8	0.35
Total Current Assets	-0.11	0.15	0.79	0.14	0.08	-0.08	-0.17	-0.01	0.81	-0.05	0.94	0.8	0.18	-0.96	1.0	0.24	0.41	1.0	0.83	-0.14	-0.02		0.45	-0.14	0.16	0.77
Intangible Assets	0.38	0.29	0.56	-0.33	0.42	-0.14	0.08	0.37	0.4	-0.13	0.54	0.33	0.37	-0.47	0.45	0.43	0.36	0.45	0.37	0.02	0.28	0.45		-0.26	0.34	0.19
Preferred Stock Total Equity	0.33	0.22	-0.43	0.83	0.31	0.99	-0.77	-0.85	0.04	0.99	-0.29	0.31	-0.45	0.15	-0.14	-0.47	0.39	-0.14	0.25	-0.23	-0.71	-0.14	-0.26		-0.48	-0.37
Property Plant Equipment	0.08	0.35	0.61	-0.62	-0.39	-0.47	0.27	0.63	0.13	-0.46	0.49	0.06	0.99	-0.14	0.17	0.98	-0.68	0.17	-0.2	0.23	0.8	0.16	0.34	-0.48		0.52
Net Tangible Assets	-0.39	-0.02	0.89	-0.21	-0.21	-0.35	0.18	0.33	0.4	-0.31	0.84	0.38	0.5	-0.79	0.78	0.51	-0.18	0.78	0.35	0.1	0.35	0.77	0.19	-0.37	0.52

Click cells to compare fundamentals

NanoViricides Account Relationship Matchups

NanoViricides fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Other Current Liab	630.8K	55.8K	260.1K	377.2K	433.8K	706.2K
Total Current Liabilities	2.2M	351.1K	412.8K	534.3K	614.4K	583.7K
Total Stockholder Equity	21.8M	29.9M	23.1M	14.9M	17.1M	15.3M
Retained Earnings	(105.6M)	(114.4M)	(122.5M)	(131.1M)	(118.0M)	(112.1M)
Accounts Payable	380.7K	200.0K	58.0K	157.1K	141.4K	274.0K
Common Stock Total Equity	69.2K	76.9K	9.1K	11.5K	10.4K	9.8K
Common Stock Shares Outstanding	5.6M	10.9M	11.5M	11.6M	13.4M	14.0M
Other Stockholder Equity	127.3M	144.3M	145.6M	145.9M	167.8M	176.2M
Total Liab	2.2M	351.1K	412.8K	2.0M	2.3M	4.3M
Accumulated Other Comprehensive Income	(3.2M)	(3.9M)	(4.6M)	(5.0)	(4.5)	(4.73)
Common Stock	9.1K	11.5K	11.6K	116.0	104.4	99.18
Total Assets	23.9M	30.3M	23.5M	16.9M	19.4M	20.7M
Property Plant And Equipment Net	9.5M	9.1M	8.7M	8.1M	9.3M	6.2M
Net Debt	(12.6M)	(20.4M)	(14.0M)	(8.1M)	(7.3M)	(7.7M)
Cash	13.7M	20.5M	14.1M	8.1M	9.4M	13.7M
Non Current Assets Total	9.9M	9.4M	9.1M	8.5M	9.7M	6.7M
Non Currrent Assets Other	25.9K	3.5K	42.4K	14.4K	12.9K	12.3K
Cash And Short Term Investments	13.7M	20.5M	14.1M	8.1M	9.4M	13.7M
Liabilities And Stockholders Equity	23.9M	30.3M	23.5M	16.9M	19.4M	20.7M
Non Current Liabilities Total	1.5M	295.3K	152.7K	1.5M	1.4M	1.3M
Other Current Assets	277.1B	307.1B	350.0K	295.5K	339.8K	322.8K
Property Plant And Equipment Gross	9.5M	9.1M	14.7M	14.8M	17.0M	17.9M
Total Current Assets	14.0M	20.8M	14.4M	8.4M	9.7M	14.1M
Intangible Assets	358.4K	350.1K	341.8K	333.6K	383.6K	357.5K
Property Plant Equipment	9.5M	9.1M	8.7M	8.1M	9.3M	8.4M
Net Tangible Assets	21.4M	29.6M	22.7M	14.5M	16.7M	22.0M
Net Invested Capital	22.9M	30.0M	23.2M	14.9M	17.1M	22.5M

Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards NanoViricides in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, NanoViricides' short interest history, or implied volatility extrapolated from NanoViricides options trading.

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When determining whether NanoViricides offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of NanoViricides' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Nanoviricides Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Nanoviricides Stock:

How To Invest In NanoViricides

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Is NanoViricides Stock a good investment?

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What is NanoViricides' Net Worth?

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Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NanoViricides. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in real.

For information on how to trade NanoViricides Stock refer to our How to Trade NanoViricides Stock guide.

You can also try the Global Correlations module to find global opportunities by holding instruments from different markets.

Complementary Tools for NanoViricides Stock analysis

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

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Is NanoViricides' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of NanoViricides. If investors know NanoViricides will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about NanoViricides listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Earnings Share

(0.80)

Return On Assets

(0.36)

Return On Equity

(0.58)

The market value of NanoViricides is measured differently than its book value, which is the value of NanoViricides that is recorded on the company's balance sheet. Investors also form their own opinion of NanoViricides' value that differs from its market value or its book value, called intrinsic value, which is NanoViricides' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because NanoViricides' market value can be influenced by many factors that don't directly affect NanoViricides' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between NanoViricides' value and its price as these two are different measures arrived at by different means. Investors typically determine if NanoViricides is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, NanoViricides' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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NanoViricides Net Debt vs Other Current Assets Analysis

Net Debt vs Other Current Assets

Net Debt vs Other Current Assets Correlation Analysis

Correlation Coefficient

Net Debt

Other Current Assets

NanoViricides fundamental ratios Correlations

NanoViricides Account Relationship Matchups

High Positive Relationship

High Negative Relationship

NanoViricides fundamental ratios Accounts

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

Complementary Tools for NanoViricides Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Common Stock	+ 1.0	Common Stock Total Equity
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Cash And Short Term Investments	+ 1.0	Cash
Total Current Assets	+ 1.0	Cash
Total Current Assets	+ 1.0	Cash And Short Term Investments
Preferred Stock Total Equity	+ 0.99	Common Stock Total Equity

Total Current Assets	- 0.96	Net Debt
Cash And Short Term Investments	- 0.96	Net Debt
Cash	- 0.96	Net Debt
Other Stockholder Equity	- 0.96	Retained Earnings
Net Debt	- 0.9	Total Assets
Preferred Stock Total Equity	- 0.85	Other Stockholder Equity