Axonics Long Term Debt Total vs Total Stockholder Equity Analysis

AXNX Stock  USD 70.28  0.01  0.01%   
Axonics Modulation financial indicator trend analysis is way more than just evaluating Axonics Modulation prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Axonics Modulation is a good investment. Please check the relationship between Axonics Modulation Long Term Debt Total and its Total Stockholder Equity accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Axonics Modulation Technologies. 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.

Long Term Debt Total vs Total Stockholder Equity

Long Term Debt Total vs Total Stockholder Equity Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Axonics Modulation Long Term Debt Total account and Total Stockholder Equity. At this time, the significance of the direction appears to have strong relationship.
The correlation between Axonics Modulation's Long Term Debt Total and Total Stockholder Equity is 0.79. Overlapping area represents the amount of variation of Long Term Debt Total that can explain the historical movement of Total Stockholder Equity in the same time period over historical financial statements of Axonics Modulation Technologies, assuming nothing else is changed. The correlation between historical values of Axonics Modulation's Long Term Debt Total and Total Stockholder Equity is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Long Term Debt Total of Axonics Modulation Technologies are associated (or correlated) with its Total Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Stockholder Equity has no effect on the direction of Long Term Debt Total i.e., Axonics Modulation's Long Term Debt Total and Total Stockholder Equity go up and down completely randomly.

Correlation Coefficient

0.79
Relationship DirectionPositive 
Relationship StrengthSignificant

Long Term Debt Total

Total Stockholder Equity

The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.
Most indicators from Axonics Modulation's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Axonics Modulation 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 Axonics Modulation Technologies. 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, Axonics Modulation's Enterprise Value Over EBITDA is fairly stable compared to the past year. Enterprise Value Multiple is likely to rise to 360.35 in 2024, whereas Selling General Administrative is likely to drop slightly above 25 M in 2024.
 2021 2022 2023 2024 (projected)
Depreciation And Amortization10.1M12.7M13.4M14.1M
Interest Income40K5.1M16.2M17.0M

Axonics Modulation fundamental ratios Correlations

0.640.870.920.940.670.920.66-0.78-0.960.830.810.880.690.360.860.970.970.920.84-0.550.940.780.981.00.76
0.640.350.60.660.880.770.53-0.64-0.640.730.730.370.630.370.880.780.790.50.89-0.830.650.650.780.660.12
0.870.350.920.80.410.770.45-0.73-0.840.620.720.760.610.170.640.850.770.830.62-0.470.80.550.790.870.83
0.920.60.920.860.580.870.55-0.82-0.90.770.840.730.730.390.770.930.880.90.75-0.660.860.680.890.920.78
0.940.660.80.860.640.980.81-0.71-0.990.930.80.930.610.290.90.930.920.860.79-0.61.00.910.940.940.69
0.670.880.410.580.640.710.28-0.83-0.640.550.860.410.860.570.890.770.840.50.95-0.80.610.470.780.70.09
0.920.770.770.870.980.710.8-0.74-0.970.950.830.850.650.30.950.950.930.830.85-0.710.980.90.950.930.62
0.660.530.450.550.810.280.8-0.21-0.760.930.360.790.09-0.050.650.630.60.620.46-0.310.830.970.680.650.56
-0.78-0.64-0.73-0.82-0.71-0.83-0.74-0.210.77-0.54-0.98-0.55-0.98-0.67-0.8-0.83-0.85-0.75-0.830.74-0.69-0.42-0.79-0.8-0.46
-0.96-0.64-0.84-0.9-0.99-0.64-0.97-0.760.77-0.92-0.83-0.92-0.66-0.34-0.89-0.94-0.93-0.92-0.790.59-0.99-0.87-0.95-0.97-0.75
0.830.730.620.770.930.550.950.93-0.54-0.920.670.830.430.210.850.840.810.790.69-0.570.950.980.860.830.62
0.810.730.720.840.80.860.830.36-0.98-0.830.670.610.950.630.880.880.880.760.87-0.80.780.550.840.830.45
0.880.370.760.730.930.410.850.79-0.55-0.920.830.610.430.210.720.770.790.830.58-0.30.940.850.820.870.78
0.690.630.610.730.610.860.650.09-0.98-0.660.430.950.430.760.750.750.790.640.81-0.740.580.310.720.720.32
0.360.370.170.390.290.570.3-0.05-0.67-0.340.210.630.210.760.370.340.460.440.42-0.420.270.130.370.380.14
0.860.880.640.770.90.890.950.65-0.8-0.890.850.880.720.750.370.930.940.70.95-0.80.890.790.930.870.39
0.970.780.850.930.930.770.950.63-0.83-0.940.840.880.770.750.340.930.980.850.92-0.720.920.760.980.970.65
0.970.790.770.880.920.840.930.6-0.85-0.930.810.880.790.790.460.940.980.840.94-0.690.90.750.990.970.59
0.920.50.830.90.860.50.830.62-0.75-0.920.790.760.830.640.440.70.850.840.65-0.440.870.730.870.920.83
0.840.890.620.750.790.950.850.46-0.83-0.790.690.870.580.810.420.950.920.940.65-0.790.770.620.910.850.32
-0.55-0.83-0.47-0.66-0.6-0.8-0.71-0.310.740.59-0.57-0.8-0.3-0.74-0.42-0.8-0.72-0.69-0.44-0.79-0.58-0.47-0.65-0.58-0.05
0.940.650.80.861.00.610.980.83-0.69-0.990.950.780.940.580.270.890.920.90.870.77-0.580.920.930.940.71
0.780.650.550.680.910.470.90.97-0.42-0.870.980.550.850.310.130.790.760.750.730.62-0.470.920.810.780.59
0.980.780.790.890.940.780.950.68-0.79-0.950.860.840.820.720.370.930.980.990.870.91-0.650.930.810.980.65
1.00.660.870.920.940.70.930.65-0.8-0.970.830.830.870.720.380.870.970.970.920.85-0.580.940.780.980.74
0.760.120.830.780.690.090.620.56-0.46-0.750.620.450.780.320.140.390.650.590.830.32-0.050.710.590.650.74
Click cells to compare fundamentals

Axonics Modulation Account Relationship Matchups

Axonics Modulation fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets219.8M342.2M547.9M659.4M719.9M371.4M
Short Long Term Debt Total25.4M31.5M10.4M9.1M27.6M17.6M
Other Current Liab5.5M12.6M17.8M54.6M25.6M16.4M
Total Current Liabilities12.0M45.7M26.9M65.2M45.8M28.2M
Total Stockholder Equity183.0M287.4M482.4M570.1M637.6M669.4M
Net Tangible Assets182.7M287.2M270.5M389.5M447.9M470.3M
Property Plant And Equipment Net3.0M6.3M6.9M6.8M33.3M34.9M
Net Debt(145.7M)(209.6M)(210.5M)(229.7M)(77.2M)(81.1M)
Retained Earnings(179.6M)(234.5M)(314.6M)(374.3M)(380.4M)(361.3M)
Accounts Payable5.9M10.7M7.7M9.1M18.5M19.4M
Cash171.1M241.2M220.9M238.8M104.8M152.3M
Non Current Assets Total8.1M14.3M226.6M194.3M228.5M239.9M
Non Currrent Assets Other4.8M7.7M7.7M6.8M1.7M1.6M
Other Assets584K7.7M7.7M613K1.00.95
Cash And Short Term Investments183.7M241.2M220.9M357.2M345.0M211.5M
Common Stock Shares Outstanding28.6M37.0M43.1M46.7M49.1M34.2M
Liabilities And Stockholders Equity219.8M342.2M547.9M659.4M719.9M371.4M
Non Current Liabilities Total24.8M9.2M38.6M24.0M36.5M26.4M
Capital Surpluse363.0M522.3M803.6M969.5M1.1B1.2B
Capital Lease Obligations5.1M10.4M10.4M9.1M27.6M29.0M
Inventory15.7M63.1M64.9M55.8M79.9M83.9M
Other Current Assets4.5M5.4M6.4M7.3M9.3M5.2M
Other Stockholder Equity363.0M522.3M803.6M969.5M1.0B541.4M
Total Liab36.8M54.8M65.5M89.2M82.4M64.5M
Property Plant And Equipment Gross3.0M6.3M12.5M14.3M21.6M22.7M
Total Current Assets211.7M327.9M321.3M465.1M491.4M277.5M
Accumulated Other Comprehensive Income(428K)(431K)(6.6M)(25.1M)(15.9M)(15.1M)
Intangible Assets311K196K106.5M86.3M81.4M85.4M
Property Plant Equipment7.2M6.3M6.9M6.8M7.8M5.7M
Net Receivables7.9M18.3M29.0M44.8M57.2M60.1M
Net Invested Capital203.3M308.5M482.4M602.7M637.6M366.3M
Net Working Capital199.6M282.3M294.4M399.8M445.6M283.8M

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