CVRx Non Current Assets Total vs Cash Analysis

CVRX Stock

USD 14.13 0.07 0.49%

CVRx financial indicator trend analysis is way more than just evaluating CVRx Inc prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether CVRx Inc is a good investment. Please check the relationship between CVRx Non Current Assets Total and its Cash accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in CVRx 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 metropolitan statistical area.

Non Current Assets Total vs Cash

Non Current Assets Total vs Cash Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of CVRx Inc Non Current Assets Total account and Cash. At this time, the significance of the direction appears to have very strong relationship.

The correlation between CVRx's Non Current Assets Total and Cash is 0.81. Overlapping area represents the amount of variation of Non Current Assets Total that can explain the historical movement of Cash in the same time period over historical financial statements of CVRx Inc, assuming nothing else is changed. The correlation between historical values of CVRx's Non Current Assets Total and Cash is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Current Assets Total of CVRx Inc are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Non Current Assets Total i.e., CVRx's Non Current Assets Total and Cash go up and down completely randomly.

Correlation Coefficient

0.81

Relationship Direction	Positive
Relationship Strength	Strong

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Non Current Assets Total

The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.

Cash

Cash refers to the most liquid asset of CVRx Inc, which is listed under current asset account on CVRx Inc balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from CVRx customers. The amounts must be unrestricted with restricted cash listed in a different CVRx account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.

Most indicators from CVRx's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into CVRx 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 CVRx 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 metropolitan statistical area.

Tax Provision is likely to drop to about 108.7 K in 2024. Selling General Administrative is likely to drop to about 34.2 M in 2024

	2021	2022	2023	2024 (projected)
Gross Profit	9.4M	17.5M	33.0M	34.7M
Total Revenue	13.0M	22.5M	39.3M	41.3M

Gross Profit Total Revenue

CVRx 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	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Long Term Debt	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Net Invested Capital
Total Assets		-0.35	-0.97	-0.84	0.97	0.81	0.96	0.86	-0.97	-0.82	0.7	1.0	0.86	0.56	0.56	-0.4	1.0	0.8	0.93	0.8	-0.94	0.76	0.92	0.92	-0.94	0.96
Short Long Term Debt Total	-0.35		0.22	0.29	-0.29	0.12	-0.22	0.07	0.54	-0.09	0.12	-0.41	0.07	0.52	0.53	1.0	-0.41	0.11	-0.13	-0.02	0.27	0.23	-0.32	-0.15	0.27	-0.25
Other Current Liab	-0.97	0.22		0.9	-0.97	-0.81	-0.97	-0.86	0.91	0.91	-0.7	-0.96	-0.86	-0.66	-0.66	0.28	-0.96	-0.81	-0.97	-0.92	0.95	-0.78	-0.89	-0.95	0.95	-0.97
Total Current Liabilities	-0.84	0.29	0.9		-0.8	-0.55	-0.81	-0.57	0.83	0.7	-0.32	-0.86	-0.57	-0.41	-0.39	0.33	-0.86	-0.47	-0.79	-0.81	0.77	-0.45	-0.62	-0.74	0.78	-0.8
Total Stockholder Equity	0.97	-0.29	-0.97	-0.8		0.77	1.0	0.9	-0.91	-0.88	0.77	0.95	0.9	0.65	0.65	-0.35	0.95	0.85	0.98	0.88	-1.0	0.8	0.95	0.98	-1.0	1.0
Other Liab	0.81	0.12	-0.81	-0.55	0.77		0.79	0.91	-0.68	-0.86	0.87	0.76	0.91	0.81	0.81	0.07	0.76	0.92	0.82	0.74	-0.74	0.93	0.82	0.82	-0.74	0.78
Net Tangible Assets	0.96	-0.22	-0.97	-0.81	1.0	0.79		0.91	-0.89	-0.91	0.79	0.94	0.91	0.7	0.7	-0.28	0.94	0.87	0.99	0.91	-1.0	0.83	0.94	0.99	-1.0	1.0
Property Plant And Equipment Net	0.86	0.07	-0.86	-0.57	0.9	0.91	0.91		-0.73	-0.91	0.93	0.81	1.0	0.87	0.87	0.01	0.81	0.99	0.93	0.8	-0.9	0.98	0.91	0.93	-0.9	0.91
Net Debt	-0.97	0.54	0.91	0.83	-0.91	-0.68	-0.89	-0.73		0.67	-0.55	-0.99	-0.73	-0.36	-0.35	0.59	-0.99	-0.66	-0.84	-0.68	0.88	-0.6	-0.86	-0.82	0.88	-0.9
Retained Earnings	-0.82	-0.09	0.91	0.7	-0.88	-0.86	-0.91	-0.91	0.67		-0.86	-0.77	-0.91	-0.87	-0.87	-0.04	-0.77	-0.9	-0.95	-0.97	0.89	-0.89	-0.85	-0.95	0.89	-0.9
Accounts Payable	0.7	0.12	-0.7	-0.32	0.77	0.87	0.79	0.93	-0.55	-0.86		0.63	0.93	0.84	0.85	0.06	0.63	0.97	0.82	0.72	-0.78	0.96	0.88	0.85	-0.78	0.78
Cash	1.0	-0.41	-0.96	-0.86	0.95	0.76	0.94	0.81	-0.99	-0.77	0.63		0.81	0.49	0.49	-0.46	1.0	0.74	0.91	0.78	-0.92	0.7	0.89	0.89	-0.92	0.94
Non Current Assets Total	0.86	0.07	-0.86	-0.57	0.9	0.91	0.91	1.0	-0.73	-0.91	0.93	0.81		0.87	0.87	0.01	0.81	0.99	0.93	0.8	-0.9	0.98	0.91	0.93	-0.9	0.91
Non Currrent Assets Other	0.56	0.52	-0.66	-0.41	0.65	0.81	0.7	0.87	-0.36	-0.87	0.84	0.49	0.87		1.0	0.47	0.49	0.88	0.76	0.76	-0.67	0.92	0.63	0.76	-0.67	0.68
Other Assets	0.56	0.53	-0.66	-0.39	0.65	0.81	0.7	0.87	-0.35	-0.87	0.85	0.49	0.87	1.0		0.47	0.49	0.88	0.76	0.75	-0.66	0.92	0.63	0.76	-0.66	0.67
Long Term Debt	-0.4	1.0	0.28	0.33	-0.35	0.07	-0.28	0.01	0.59	-0.04	0.06	-0.46	0.01	0.47	0.47		-0.46	0.05	-0.19	-0.07	0.33	0.17	-0.37	-0.21	0.33	-0.31
Cash And Short Term Investments	1.0	-0.41	-0.96	-0.86	0.95	0.76	0.94	0.81	-0.99	-0.77	0.63	1.0	0.81	0.49	0.49	-0.46		0.74	0.91	0.78	-0.92	0.7	0.89	0.89	-0.92	0.94
Net Receivables	0.8	0.11	-0.81	-0.47	0.85	0.92	0.87	0.99	-0.66	-0.9	0.97	0.74	0.99	0.88	0.88	0.05	0.74		0.89	0.77	-0.85	0.99	0.9	0.91	-0.85	0.86
Common Stock Total Equity	0.93	-0.13	-0.97	-0.79	0.98	0.82	0.99	0.93	-0.84	-0.95	0.82	0.91	0.93	0.76	0.76	-0.19	0.91	0.89		0.94	-0.98	0.86	0.93	1.0	-0.98	0.99
Common Stock Shares Outstanding	0.8	-0.02	-0.92	-0.81	0.88	0.74	0.91	0.8	-0.68	-0.97	0.72	0.78	0.8	0.76	0.75	-0.07	0.78	0.77	0.94		-0.88	0.75	0.8	0.93	-0.88	0.89
Non Current Liabilities Total	-0.94	0.27	0.95	0.77	-1.0	-0.74	-1.0	-0.9	0.88	0.89	-0.78	-0.92	-0.9	-0.67	-0.66	0.33	-0.92	-0.85	-0.98	-0.88		-0.8	-0.95	-0.98	1.0	-1.0
Inventory	0.76	0.23	-0.78	-0.45	0.8	0.93	0.83	0.98	-0.6	-0.89	0.96	0.7	0.98	0.92	0.92	0.17	0.7	0.99	0.86	0.75	-0.8		0.84	0.87	-0.8	0.81
Other Current Assets	0.92	-0.32	-0.89	-0.62	0.95	0.82	0.94	0.91	-0.86	-0.85	0.88	0.89	0.91	0.63	0.63	-0.37	0.89	0.9	0.93	0.8	-0.95	0.84		0.95	-0.95	0.95
Other Stockholder Equity	0.92	-0.15	-0.95	-0.74	0.98	0.82	0.99	0.93	-0.82	-0.95	0.85	0.89	0.93	0.76	0.76	-0.21	0.89	0.91	1.0	0.93	-0.98	0.87	0.95		-0.98	0.99
Total Liab	-0.94	0.27	0.95	0.78	-1.0	-0.74	-1.0	-0.9	0.88	0.89	-0.78	-0.92	-0.9	-0.67	-0.66	0.33	-0.92	-0.85	-0.98	-0.88	1.0	-0.8	-0.95	-0.98		-1.0
Net Invested Capital	0.96	-0.25	-0.97	-0.8	1.0	0.78	1.0	0.91	-0.9	-0.9	0.78	0.94	0.91	0.68	0.67	-0.31	0.94	0.86	0.99	0.89	-1.0	0.81	0.95	0.99	-1.0

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CVRx Non Current Assets Total vs Cash Analysis

Non Current Assets Total vs Cash

Non Current Assets Total vs Cash Correlation Analysis

Correlation Coefficient

Non Current Assets Total

Cash

CVRx fundamental ratios Correlations

CVRx Account Relationship Matchups

High Positive Relationship

High Negative Relationship

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

Net Invested Capital	- 1.0	Total Liab
Net Invested Capital	- 1.0	Non Current Liabilities Total
Total Liab	- 1.0	Net Tangible Assets
Non Current Liabilities Total	- 1.0	Net Tangible Assets
Total Liab	- 1.0	Total Stockholder Equity
Non Current Liabilities Total	- 1.0	Total Stockholder Equity