Caredx Intangible Assets vs Total Liab Analysis

CDNA Stock  USD 20.93  0.32  1.55%   
Caredx financial indicator trend analysis is way more than just evaluating Caredx Inc prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Caredx Inc is a good investment. Please check the relationship between Caredx Intangible Assets and its Total Liab accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Caredx 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 board of governors.

Intangible Assets vs Total Liab

Intangible Assets vs Total Liab Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Caredx Inc Intangible Assets account and Total Liab. At this time, the significance of the direction appears to have no relationship.
The correlation between Caredx's Intangible Assets and Total Liab is 0.0. Overlapping area represents the amount of variation of Intangible Assets that can explain the historical movement of Total Liab in the same time period over historical financial statements of Caredx Inc, assuming nothing else is changed. The correlation between historical values of Caredx's Intangible Assets and Total Liab is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Intangible Assets of Caredx Inc are associated (or correlated) with its Total Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Liab has no effect on the direction of Intangible Assets i.e., Caredx's Intangible Assets and Total Liab go up and down completely randomly.

Correlation Coefficient

0.0
Relationship DirectionFlat 
Relationship StrengthInsignificant

Intangible Assets

Non-physical assets possessed by a company, such as patents, trademarks, and copyrights, which provide long-term value.

Total Liab

The total amount of all liabilities that a company has, including both short-term and long-term liabilities.
Most indicators from Caredx's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Caredx 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Caredx 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 board of governors.
At present, Caredx's Selling General Administrative is projected to increase significantly based on the last few years of reporting. The current year's Tax Provision is expected to grow to about 148.1 K, whereas Issuance Of Capital Stock is forecasted to decline to 0.00.
 2021 2022 2023 2024 (projected)
Interest Expense9.6M3.8M4.3M3.7M
Depreciation And Amortization11.9M16.0M19.8M20.8M

Caredx fundamental ratios Correlations

0.450.920.90.96-0.210.930.64-0.69-0.860.970.750.950.13-0.320.470.940.990.890.880.73-0.170.970.910.950.29
0.450.480.580.350.040.570.010.06-0.430.370.060.490.13-0.10.130.410.430.30.290.340.120.540.320.40.38
0.920.480.980.91-0.030.780.66-0.69-0.750.90.750.86-0.08-0.120.590.940.890.860.930.62-0.290.870.920.870.16
0.90.580.980.890.080.780.59-0.61-0.760.880.680.88-0.04-0.130.480.890.860.860.910.61-0.320.880.870.880.14
0.960.350.910.89-0.090.820.66-0.74-0.760.920.790.89-0.06-0.150.430.930.930.90.90.67-0.450.890.910.95-0.01
-0.210.04-0.030.08-0.09-0.33-0.130.120.09-0.11-0.12-0.06-0.240.430.1-0.25-0.250.110.08-0.16-0.42-0.12-0.15-0.04-0.41
0.930.570.780.780.82-0.330.37-0.41-0.920.90.490.940.34-0.540.390.80.940.810.750.840.070.960.720.890.49
0.640.010.660.590.66-0.130.37-0.97-0.290.620.970.45-0.180.160.320.750.60.460.550.0-0.240.50.860.50.03
-0.690.06-0.69-0.61-0.740.12-0.41-0.970.35-0.67-0.99-0.50.18-0.12-0.37-0.79-0.64-0.56-0.64-0.110.36-0.54-0.89-0.580.08
-0.86-0.43-0.75-0.76-0.760.09-0.92-0.290.35-0.92-0.42-0.96-0.50.65-0.47-0.68-0.86-0.91-0.8-0.84-0.03-0.94-0.63-0.92-0.45
0.970.370.90.880.92-0.110.90.62-0.67-0.920.730.970.26-0.430.480.870.950.940.890.72-0.150.970.860.970.31
0.750.060.750.680.79-0.120.490.97-0.99-0.420.730.58-0.150.090.380.840.70.60.680.16-0.340.620.930.64-0.02
0.950.490.860.880.89-0.060.940.45-0.5-0.960.970.580.29-0.460.430.80.940.950.870.81-0.150.990.770.980.31
0.130.13-0.08-0.04-0.06-0.240.34-0.180.18-0.50.26-0.150.29-0.89-0.08-0.10.110.17-0.070.20.540.27-0.120.210.61
-0.32-0.1-0.12-0.13-0.150.43-0.540.16-0.120.65-0.430.09-0.46-0.890.03-0.1-0.33-0.36-0.16-0.51-0.45-0.44-0.03-0.39-0.59
0.470.130.590.480.430.10.390.32-0.37-0.470.480.380.43-0.080.030.520.490.520.670.460.00.430.510.450.19
0.940.410.940.890.93-0.250.80.75-0.79-0.680.870.840.8-0.1-0.10.520.920.770.870.57-0.250.840.970.840.16
0.990.430.890.860.93-0.250.940.6-0.64-0.860.950.70.940.11-0.330.490.920.870.880.77-0.120.960.890.930.32
0.890.30.860.860.90.110.810.46-0.56-0.910.940.60.950.17-0.360.520.770.870.930.79-0.340.910.750.970.11
0.880.290.930.910.90.080.750.55-0.64-0.80.890.680.87-0.07-0.160.670.870.880.930.74-0.370.850.850.90.05
0.730.340.620.610.67-0.160.840.0-0.11-0.840.720.160.810.2-0.510.460.570.770.790.74-0.040.780.440.790.29
-0.170.12-0.29-0.32-0.45-0.420.07-0.240.36-0.03-0.15-0.34-0.150.54-0.450.0-0.25-0.12-0.34-0.37-0.04-0.08-0.29-0.310.88
0.970.540.870.880.89-0.120.960.5-0.54-0.940.970.620.990.27-0.440.430.840.960.910.850.78-0.080.810.960.38
0.910.320.920.870.91-0.150.720.86-0.89-0.630.860.930.77-0.12-0.030.510.970.890.750.850.44-0.290.810.810.11
0.950.40.870.880.95-0.040.890.5-0.58-0.920.970.640.980.21-0.390.450.840.930.970.90.79-0.310.960.810.15
0.290.380.160.14-0.01-0.410.490.030.08-0.450.31-0.020.310.61-0.590.190.160.320.110.050.290.880.380.110.15
Click cells to compare fundamentals

Caredx Account Relationship Matchups

Caredx fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets151.7M368.5M566.6M543.0M466.8M490.2M
Short Long Term Debt Total3.0M16.1M17.4M39.0M34.2M20.7M
Other Current Liab22.6M57.5M60.0M55.1M54.5M29.1M
Total Current Liabilities34.8M69.2M77.3M76.0M78.1M43.4M
Total Stockholder Equity99M277.7M465.9M430.9M261.3M274.4M
Other Liab14.8M5.5M6.1M2.7M3.1M2.9M
Property Plant And Equipment Net9.2M25.9M40.0M70.2M65.1M68.4M
Current Deferred Revenue3.7M20.5M55.3M5.3M4.7M8.4M
Net Debt(35.2M)(118.6M)(331.1M)(50.9M)(48.0M)(50.4M)
Retained Earnings(333.8M)(352.5M)(383.2M)(460.4M)(678.3M)(644.4M)
Accounts Payable5.5M9.7M13.3M9.9M12.9M13.5M
Cash38.2M134.7M348.5M89.9M82.2M79.7M
Non Current Assets Total79.8M95.4M133.3M155.1M170.9M179.4M
Non Currrent Assets Other(5.5M)(9.6M)(5.7M)(14.0M)19.1M20.1M
Other Assets1.3M1.3M6.0M4.4M(17.8M)(16.9M)
Cash And Short Term Investments38.2M224.7M348.5M293.1M235.4M120.6M
Net Receivables24.1M34.6M59.8M66.3M51.1M53.6M
Common Stock Total Equity41K42K49K52K59.8K62.8K
Common Stock Shares Outstanding42.2M46.5M52.2M53.3M53.8M32.9M
Liabilities And Stockholders Equity151.7M368.5M566.6M543.0M466.8M490.2M
Non Current Liabilities Total17.9M21.6M23.4M36.1M127.4M133.8M
Inventory6.0M10.0M17.2M19.2M19.5M20.4M
Other Current Assets3.6M7.5M15.9M9.2M7.8M4.6M
Other Stockholder Equity438.0M632.3M853.7M898.8M946.5M993.8M
Total Liab52.7M90.8M100.7M112.1M205.5M215.8M
Property Plant And Equipment Gross9.2M25.9M40.0M70.2M97.4M102.3M
Total Current Assets71.9M273.1M433.4M387.8M313.7M329.4M
Accumulated Other Comprehensive Income(5.2M)(2.1M)(4.7M)(7.5M)(7.0M)(7.3M)
Short Term Debt3.0M2.0M4.0M5.6M5.9M4.9M
Common Stock29K41K42K49K52K33.1K
Property Plant Equipment9.2M25.9M40.0M70.2M80.8M84.8M
Net Tangible Assets29.6M209.5M378.7M350.3M402.9M423.0M
Retained Earnings Total Equity(311.8M)(333.8M)(352.5M)(383.2M)(344.9M)(362.1M)
Deferred Long Term Liab4.1M2.0M1.3M415K373.5K354.8K

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When determining whether Caredx Inc offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Caredx's 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 Caredx Inc Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Caredx Inc Stock:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Caredx 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 board of governors.
You can also try the Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.
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 Caredx. If investors know Caredx 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 Caredx listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(2.69)
Revenue Per Share
5.952
Quarterly Revenue Growth
0.234
Return On Assets
(0.07)
Return On Equity
(0.43)
The market value of Caredx Inc is measured differently than its book value, which is the value of Caredx that is recorded on the company's balance sheet. Investors also form their own opinion of Caredx's value that differs from its market value or its book value, called intrinsic value, which is Caredx'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 Caredx's market value can be influenced by many factors that don't directly affect Caredx'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 Caredx's value and its price as these two are different measures arrived at by different means. Investors typically determine if Caredx is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Caredx'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.