Adagene Interest Coverage vs Income Quality Analysis

ADAG Stock

USD 2.45 0.03 1.24%

Adagene financial indicator trend analysis is way more than just evaluating Adagene prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Adagene is a good investment. Please check the relationship between Adagene Interest Coverage and its Income Quality accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Adagene. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

For more detail on how to invest in Adagene Stock please use our How to Invest in Adagene guide.

Interest Coverage vs Income Quality

Interest Coverage vs Income Quality Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Adagene Interest Coverage account and Income Quality. At this time, the significance of the direction appears to have strong relationship.

The correlation between Adagene's Interest Coverage and Income Quality is 0.72. Overlapping area represents the amount of variation of Interest Coverage that can explain the historical movement of Income Quality in the same time period over historical financial statements of Adagene, assuming nothing else is changed. The correlation between historical values of Adagene's Interest Coverage and Income Quality is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Interest Coverage of Adagene are associated (or correlated) with its Income Quality. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Income Quality has no effect on the direction of Interest Coverage i.e., Adagene's Interest Coverage and Income Quality go up and down completely randomly.

Correlation Coefficient

0.72

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Interest Coverage

Income Quality

An assessment of the sustainability of a company's earnings over time, considering factors like revenue source diversification and cost structure.

Most indicators from Adagene's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Adagene 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Adagene. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

For more detail on how to invest in Adagene Stock please use our How to Invest in Adagene guide.At this time, Adagene's Enterprise Value Multiple is most likely to increase significantly in the upcoming years.

	2021	2022	2023	2024 (projected)
Depreciation And Amortization	1.1M	1.4M	1.2M	1.3M
Interest Income	76.2K	377.5K	4.3M	4.5M

Depreciation And Amortization Interest Income

Adagene fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Current Assets	Other Stockholder Equity	Total Liab	Net Invested Capital	Property Plant And Equipment Gross
Total Assets		0.67	0.79	0.79	0.88	-0.61	0.86	0.49	0.65	-0.99	-0.81	0.91	0.99	0.32	0.01	0.01	1.0	0.47	0.74	0.8	-0.6	0.85	0.74	-0.42	0.88	0.43
Short Long Term Debt Total	0.67		0.94	0.94	0.66	-0.88	0.68	0.19	0.7	-0.64	-0.91	0.88	0.72	0.2	-0.02	0.04	0.69	-0.22	0.84	0.73	-0.62	0.84	0.76	-0.41	0.72	0.57
Other Current Liab	0.79	0.94		0.96	0.86	-0.74	0.87	0.48	0.71	-0.73	-0.93	0.95	0.79	0.21	0.11	-0.08	0.79	0.07	0.85	0.67	-0.82	0.87	0.91	-0.66	0.9	0.6
Total Current Liabilities	0.79	0.94	0.96		0.79	-0.75	0.79	0.48	0.85	-0.73	-0.88	0.93	0.8	0.27	0.05	-0.02	0.8	0.03	0.77	0.68	-0.72	0.9	0.83	-0.52	0.83	0.45
Total Stockholder Equity	0.88	0.66	0.86	0.79		-0.51	0.99	0.71	0.56	-0.81	-0.82	0.86	0.83	0.1	0.34	-0.32	0.88	0.48	0.68	0.66	-0.9	0.72	0.94	-0.8	1.0	0.59
Other Liab	-0.61	-0.88	-0.74	-0.75	-0.51		-0.57	0.09	-0.43	0.61	0.9	-0.75	-0.69	-0.2	0.11	-0.11	-0.63	0.39	-0.77	-0.86	0.43	-0.72	-0.63	0.15	-0.58	-0.73
Net Tangible Assets	0.86	0.68	0.87	0.79	0.99	-0.57		0.66	0.51	-0.8	-0.85	0.86	0.82	0.09	0.34	-0.32	0.87	0.41	0.71	0.7	-0.91	0.72	0.96	-0.79	1.0	0.67
Property Plant And Equipment Net	0.49	0.19	0.48	0.48	0.71	0.09	0.66		0.5	-0.38	-0.29	0.43	0.37	0.14	0.39	-0.36	0.48	0.62	0.13	0.04	-0.74	0.39	0.63	-0.75	0.68	0.08
Current Deferred Revenue	0.65	0.7	0.71	0.85	0.56	-0.43	0.51	0.5		-0.6	-0.53	0.69	0.64	0.19	0.07	-0.03	0.66	0.18	0.4	0.45	-0.45	0.71	0.51	-0.3	0.59	-0.07
Net Debt	-0.99	-0.64	-0.73	-0.73	-0.81	0.61	-0.8	-0.38	-0.6		0.77	-0.89	-0.99	-0.36	0.09	-0.1	-0.99	-0.47	-0.75	-0.81	0.49	-0.83	-0.65	0.3	-0.81	-0.39
Retained Earnings	-0.81	-0.91	-0.93	-0.88	-0.82	0.9	-0.85	-0.29	-0.53	0.77		-0.93	-0.84	-0.26	-0.02	0.0	-0.82	0.05	-0.89	-0.83	0.73	-0.86	-0.88	0.5	-0.86	-0.79
Accounts Payable	0.91	0.88	0.95	0.93	0.86	-0.75	0.86	0.43	0.69	-0.89	-0.93		0.93	0.4	-0.09	0.11	0.91	0.2	0.91	0.74	-0.7	0.96	0.84	-0.5	0.89	0.56
Cash	0.99	0.72	0.79	0.8	0.83	-0.69	0.82	0.37	0.64	-0.99	-0.84	0.93		0.35	-0.08	0.1	0.99	0.38	0.8	0.84	-0.54	0.88	0.71	-0.34	0.84	0.45
Non Current Assets Total	0.32	0.2	0.21	0.27	0.1	-0.2	0.09	0.14	0.19	-0.36	-0.26	0.4	0.35		-0.83	0.85	0.29	0.02	0.44	-0.02	0.06	0.62	0.06	0.24	0.12	0.02
Non Currrent Assets Other	0.01	-0.02	0.11	0.05	0.34	0.11	0.34	0.39	0.07	0.09	-0.02	-0.09	-0.08	-0.83		-1.0	0.02	0.22	-0.28	0.14	-0.52	-0.32	0.37	-0.64	0.32	0.18
Other Assets	0.01	0.04	-0.08	-0.02	-0.32	-0.11	-0.32	-0.36	-0.03	-0.1	0.0	0.11	0.1	0.85	-1.0		-0.01	-0.22	0.29	-0.14	0.5	0.35	-0.34	0.62	-0.29	-0.19
Cash And Short Term Investments	1.0	0.69	0.79	0.8	0.88	-0.63	0.87	0.48	0.66	-0.99	-0.82	0.91	0.99	0.29	0.02	-0.01		0.46	0.74	0.82	-0.6	0.84	0.75	-0.42	0.89	0.44
Net Receivables	0.47	-0.22	0.07	0.03	0.48	0.39	0.41	0.62	0.18	-0.47	0.05	0.2	0.38	0.02	0.22	-0.22	0.46		0.0	0.03	-0.25	0.11	0.18	-0.37	0.4	-0.22
Common Stock Total Equity	0.74	0.84	0.85	0.77	0.68	-0.77	0.71	0.13	0.4	-0.75	-0.89	0.91	0.8	0.44	-0.28	0.29	0.74	0.0		0.66	-0.54	0.87	0.71	-0.37	0.72	0.66
Common Stock Shares Outstanding	0.8	0.73	0.67	0.68	0.66	-0.86	0.7	0.04	0.45	-0.81	-0.83	0.74	0.84	-0.02	0.14	-0.14	0.82	0.03	0.66		-0.45	0.63	0.64	-0.22	0.7	0.63
Non Current Liabilities Total	-0.6	-0.62	-0.82	-0.72	-0.9	0.43	-0.91	-0.74	-0.45	0.49	0.73	-0.7	-0.54	0.06	-0.52	0.5	-0.6	-0.25	-0.54	-0.45		-0.54	-0.96	0.94	-0.9	-0.65
Other Current Assets	0.85	0.84	0.87	0.9	0.72	-0.72	0.72	0.39	0.71	-0.83	-0.86	0.96	0.88	0.62	-0.32	0.35	0.84	0.11	0.87	0.63	-0.54		0.7	-0.31	0.76	0.43
Other Stockholder Equity	0.74	0.76	0.91	0.83	0.94	-0.63	0.96	0.63	0.51	-0.65	-0.88	0.84	0.71	0.06	0.37	-0.34	0.75	0.18	0.71	0.64	-0.96	0.7		-0.83	0.96	0.74
Total Liab	-0.42	-0.41	-0.66	-0.52	-0.8	0.15	-0.79	-0.75	-0.3	0.3	0.5	-0.5	-0.34	0.24	-0.64	0.62	-0.42	-0.37	-0.37	-0.22	0.94	-0.31	-0.83		-0.78	-0.5
Net Invested Capital	0.88	0.72	0.9	0.83	1.0	-0.58	1.0	0.68	0.59	-0.81	-0.86	0.89	0.84	0.12	0.32	-0.29	0.89	0.4	0.72	0.7	-0.9	0.76	0.96	-0.78		0.62
Property Plant And Equipment Gross	0.43	0.57	0.6	0.45	0.59	-0.73	0.67	0.08	-0.07	-0.39	-0.79	0.56	0.45	0.02	0.18	-0.19	0.44	-0.22	0.66	0.63	-0.65	0.43	0.74	-0.5	0.62

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Adagene Account Relationship Matchups

Adagene fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	105.9M	84.3M	189.5M	152.4M	115.7M	128.7M
Short Long Term Debt Total	2.6M	8.0M	7.5M	28.0M	22.3M	12.9M
Other Current Liab	4.4M	8.6M	16.5M	22.5M	19.7M	14.5M
Total Current Liabilities	7.2M	16.1M	29.8M	55.1M	31.5M	27.5M
Total Stockholder Equity	(57.0M)	(89.4M)	156.6M	83.1M	70.6M	74.1M
Net Tangible Assets	(57.0M)	(89.4M)	156.6M	83.1M	95.6M	100.3M
Property Plant And Equipment Net	1.9M	2.1M	3.5M	3.0M	2.2M	2.8M
Current Deferred Revenue	993.4K	725.5K	5.5M	15.1M	52.9K	50.2K
Net Debt	(90.0M)	(67.2M)	(166.9M)	(115.8M)	(87.6M)	(92.0M)
Retained Earnings	(63.3M)	(105.7M)	(178.8M)	(258.8M)	(277.8M)	(263.9M)
Accounts Payable	712.7K	1.8M	3.3M	3.7M	3.1M	2.4M
Cash	92.5M	75.2M	174.4M	143.8M	109.9M	112.2M
Non Current Assets Total	2.0M	5.2M	3.6M	3.1M	2.3M	3.4M
Non Currrent Assets Other	(109.8K)	(4.1M)	69.3K	109.6K	84.9K	89.1K
Other Assets	87.2K	3.1M	69.3K	109.6K	1.0	0.95
Cash And Short Term Investments	100.5M	75.2M	174.4M	143.8M	109.9M	119.7M
Net Receivables	2.1M	132.4K	7.5M	619.4K	222.0K	210.9K
Common Stock Shares Outstanding	44.2M	35.1M	40.0M	43.3M	43.8M	44.1M
Liabilities And Stockholders Equity	105.9M	84.3M	189.5M	152.4M	115.7M	128.7M
Non Current Liabilities Total	155.7M	157.5M	3.1M	14.2M	13.7M	13.0M
Other Current Assets	1.2M	3.8M	4.1M	4.9M	3.3M	3.4M
Other Stockholder Equity	(147.6M)	(137.8M)	335.5M	342.7M	350.1M	367.6M
Total Liab	162.9M	173.7M	33.0M	69.3M	45.2M	77.3M
Net Invested Capital	(54.5M)	(81.4M)	164.0M	110.9M	92.5M	97.1M
Property Plant And Equipment Gross	1.9M	2.1M	3.5M	3.0M	8.9M	9.4M
Short Long Term Debt	1.0M	5.0M	4.5M	13.6M	8.4M	6.4M
Total Current Assets	103.9M	79.1M	186.0M	149.3M	113.4M	125.3M
Accumulated Other Comprehensive Income	(344.9K)	(351.0K)	(94.0K)	(849.3K)	(1.8M)	(1.7M)
Capital Stock	1.5K	1.9K	5.6K	5.5K	5.5K	4.0K
Net Working Capital	96.7M	63.0M	156.1M	94.2M	82.0M	97.8M
Short Term Debt	1.0M	5.0M	4.5M	13.8M	8.6M	6.5M
Common Stock	1.5K	1.9K	5.6K	5.5K	5.5K	4.0K
Property Plant Equipment	1.9M	2.1M	3.5M	3.0M	3.4M	2.9M

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When determining whether Adagene is a strong investment it is important to analyze Adagene's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Adagene's future performance. For an informed investment choice regarding Adagene Stock, refer to the following important reports:

How To Invest In Adagene

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Is Adagene Stock a good investment?

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What is Adagene's Net Worth?

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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Adagene. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

For more detail on how to invest in Adagene Stock please use our How to Invest in Adagene guide.

You can also try the Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.

Is Biotechnology space 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 Adagene. If investors know Adagene 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 Adagene listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Earnings Share

(0.72)

Revenue Per Share

0.019

Quarterly Revenue Growth

(0.85)

Return On Assets

(0.20)

Return On Equity

(0.46)

The market value of Adagene is measured differently than its book value, which is the value of Adagene that is recorded on the company's balance sheet. Investors also form their own opinion of Adagene's value that differs from its market value or its book value, called intrinsic value, which is Adagene's 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 Adagene's market value can be influenced by many factors that don't directly affect Adagene's 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 Adagene's value and its price as these two are different measures arrived at by different means. Investors typically determine if Adagene is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Adagene's 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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Adagene Interest Coverage vs Income Quality Analysis

Interest Coverage vs Income Quality

Interest Coverage vs Income Quality Correlation Analysis

Correlation Coefficient

Interest Coverage

Income Quality

Adagene fundamental ratios Correlations

Adagene Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Adagene fundamental ratios Accounts

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COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 1.0	Total Assets
Net Invested Capital	+ 1.0	Total Stockholder Equity
Net Invested Capital	+ 1.0	Net Tangible Assets
Cash	+ 0.99	Total Assets
Net Tangible Assets	+ 0.99	Total Stockholder Equity
Cash And Short Term Investments	+ 0.99	Cash

Other Assets	- 1.0	Non Currrent Assets Other
Cash And Short Term Investments	- 0.99	Net Debt
Cash	- 0.99	Net Debt
Net Debt	- 0.99	Total Assets
Other Stockholder Equity	- 0.96	Non Current Liabilities Total
Accounts Payable	- 0.93	Retained Earnings