Iris Net Debt vs Total Assets Analysis

IREN Stock  USD 8.51  0.54  5.97%   
Iris Energy financial indicator trend analysis is infinitely more than just investigating Iris Energy recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Iris Energy is a good investment. Please check the relationship between Iris Energy Net Debt and its Total Assets accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Iris Energy. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.
To learn how to invest in Iris Stock, please use our How to Invest in Iris Energy guide.

Net Debt vs Total Assets

Net Debt vs Total Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Iris Energy Net Debt account and Total Assets. At this time, the significance of the direction appears to have pay attention.
The correlation between Iris Energy's Net Debt and Total Assets is -0.93. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Total Assets in the same time period over historical financial statements of Iris Energy, assuming nothing else is changed. The correlation between historical values of Iris Energy's Net Debt and Total 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 Iris Energy are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Net Debt i.e., Iris Energy's Net Debt and Total Assets go up and down completely randomly.

Correlation Coefficient

-0.93
Relationship DirectionNegative 
Relationship StrengthSignificant

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.

Total Assets

Total assets refers to the total amount of Iris Energy assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Iris Energy books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.
Most indicators from Iris Energy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Iris Energy 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Iris Energy. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.
To learn how to invest in Iris Stock, please use our How to Invest in Iris Energy guide.At this time, Iris Energy's Selling General Administrative is very stable compared to the past year. As of the 5th of November 2024, Issuance Of Capital Stock is likely to grow to about 822.8 M, while Tax Provision is likely to drop about 2.2 M.
 2021 2022 2023 2024 (projected)
Other Operating Expenses441.5M124.0M215.9M145.5M
Total Revenue59.0M75.5M187.2M196.6M

Iris Energy fundamental ratios Correlations

0.160.280.430.990.860.980.91-0.93-0.90.990.991.00.950.160.980.980.790.550.920.460.990.10.980.92-0.79
0.160.60.80.040.30.140.380.2-0.20.10.040.210.30.990.040.280.260.68-0.140.880.080.970.110.270.29
0.280.60.940.170.050.210.4-0.12-0.220.210.270.280.360.520.270.20.510.080.20.860.260.750.20.21-0.08
0.430.80.940.310.310.380.58-0.18-0.390.360.380.450.520.750.370.420.580.410.250.980.390.880.350.41-0.09
0.990.040.170.310.850.980.87-0.96-0.890.990.990.980.920.050.990.960.750.50.940.340.99-0.030.980.9-0.83
0.860.30.050.310.850.920.92-0.69-0.950.890.770.890.760.340.770.910.650.830.620.40.80.160.920.97-0.71
0.980.140.210.380.980.920.95-0.9-0.961.00.950.990.890.150.950.960.790.60.860.420.960.061.00.97-0.85
0.910.380.40.580.870.920.95-0.74-0.970.920.840.930.830.380.840.90.830.70.690.620.860.320.940.98-0.77
-0.930.2-0.12-0.18-0.96-0.69-0.9-0.740.78-0.93-0.97-0.9-0.850.2-0.97-0.85-0.71-0.24-0.99-0.17-0.960.23-0.91-0.770.86
-0.9-0.2-0.22-0.39-0.89-0.95-0.96-0.970.78-0.93-0.83-0.92-0.77-0.21-0.83-0.88-0.78-0.66-0.71-0.43-0.86-0.12-0.96-0.990.86
0.990.10.210.360.990.891.00.92-0.93-0.930.970.990.910.110.970.970.780.560.90.390.980.031.00.94-0.85
0.990.040.270.380.990.770.950.84-0.97-0.830.970.970.940.031.00.930.770.40.970.381.00.00.950.84-0.8
1.00.210.280.450.980.890.990.93-0.9-0.920.990.970.940.210.970.980.790.60.890.490.980.140.980.94-0.78
0.950.30.360.520.920.760.890.83-0.85-0.770.910.940.940.290.940.950.810.550.880.560.940.250.880.81-0.6
0.160.990.520.750.050.340.150.380.2-0.210.110.030.210.290.030.30.230.73-0.150.840.080.950.120.290.29
0.980.040.270.370.990.770.950.84-0.97-0.830.971.00.970.940.030.930.770.40.970.381.00.00.950.84-0.8
0.980.280.20.420.960.910.960.9-0.85-0.880.970.930.980.950.30.930.730.70.840.480.950.180.960.92-0.69
0.790.260.510.580.750.650.790.83-0.71-0.780.780.770.790.810.230.770.730.390.690.560.770.280.780.76-0.69
0.550.680.080.410.50.830.60.7-0.24-0.660.560.40.60.550.730.40.70.390.20.550.460.520.580.73-0.22
0.92-0.140.20.250.940.620.860.69-0.99-0.710.90.970.890.88-0.150.970.840.690.20.230.96-0.160.870.71-0.78
0.460.880.860.980.340.40.420.62-0.17-0.430.390.380.490.560.840.380.480.560.550.230.410.910.390.47-0.07
0.990.080.260.390.990.80.960.86-0.96-0.860.981.00.980.940.081.00.950.770.460.960.410.030.960.87-0.8
0.10.970.750.88-0.030.160.060.320.23-0.120.030.00.140.250.950.00.180.280.52-0.160.910.030.040.170.31
0.980.110.20.350.980.921.00.94-0.91-0.961.00.950.980.880.120.950.960.780.580.870.390.960.040.96-0.87
0.920.270.210.410.90.970.970.98-0.77-0.990.940.840.940.810.290.840.920.760.730.710.470.870.170.96-0.81
-0.790.29-0.08-0.09-0.83-0.71-0.85-0.770.860.86-0.85-0.8-0.78-0.60.29-0.8-0.69-0.69-0.22-0.78-0.07-0.80.31-0.87-0.81
Click cells to compare fundamentals

Iris Energy Account Relationship Matchups

Iris Energy fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets11.6M134.9M570.5M332.1M1.2B1.2B
Short Long Term Debt Total2.0M84.0M108.2M1.4M1.7M1.6M
Other Current Liab(125.7K)96.9M11.5M12.3M20.9M25.9M
Total Current Liabilities2.8M170.9M85.1M24.0M51.0M61.2M
Total Stockholder Equity8.8M(49.5M)437.4M305.4M1.1B1.2B
Net Tangible Assets11.9M(66.7M)436.7M305.4M351.2M368.7M
Property Plant And Equipment Net8.4M17.4M248.8M242.5M442.9M465.1M
Net Debt5K45.0M(1.8M)(67.4M)(402.9M)(382.8M)
Retained Earnings(2.2M)(63.0M)(482.4M)(654.3M)(683.2M)(649.1M)
Accounts Payable751K547.0K13.2M11.5M27.3M28.7M
Cash2.0M39.1M110.0M68.9M404.6M424.8M
Non Current Assets Total9.0M94.4M410.2M242.8M700.6M735.7M
Other Assets576K102.0M160.8M368K423.2K402.0K
Cash And Short Term Investments2.0M39.1M110.0M68.9M411.1M431.7M
Net Receivables331K795.7K23.7M6.5M29.4M30.8M
Common Stock Shares Outstanding55.0M56.7M40.9M54.8M99.6M58.3M
Liabilities And Stockholders Equity11.6M134.9M570.5M332.1M1.2B1.2B
Other Current Assets282.3K485.7K50.3M13.8M11.9M14.1M
Other Stockholder Equity19K0.48(6.8M)(6.2M)683.2M717.4M
Total Liab2.8M184.4M133.1M26.7M55.7M73.8M
Total Current Assets2.6M40.5M160.3M89.2M452.4M475.0M
Accumulated Other Comprehensive Income725K1.5M(6.8M)(6.2M)(666.9M)(633.6M)
Short Term Debt2.0M72.2M60.4M192K214K203.3K
Common Stock10.3M12.1M926.6M965.9M1.8B1.9B
Property Plant Equipment11.6M22.7M248.8M242.5M278.8M292.8M

Pair Trading with Iris Energy

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Iris Energy position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Iris Energy will appreciate offsetting losses from the drop in the long position's value.

Moving together with Iris Stock

  0.7BX Blackstone Group Fiscal Year End 23rd of January 2025 PairCorr
  0.74AMG Affiliated ManagersPairCorr
  0.65AMP Ameriprise Financial Fiscal Year End 22nd of January 2025 PairCorr

Moving against Iris Stock

  0.59BRACU Broad Capital AcquisitionPairCorr
The ability to find closely correlated positions to Iris Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Iris Energy when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Iris Energy - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Iris Energy to buy it.
The correlation of Iris Energy is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Iris Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Iris Energy moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Iris Energy can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether Iris Energy offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Iris Energy'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 Iris Energy Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Iris Energy Stock:
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Iris Energy. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.
To learn how to invest in Iris Stock, please use our How to Invest in Iris Energy guide.
You can also try the Economic Indicators module to top statistical indicators that provide insights into how an economy is performing.
Is Asset Management & Custody Banks 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 Iris Energy. If investors know Iris 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 Iris Energy listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(0.29)
Revenue Per Share
1.894
Quarterly Revenue Growth
0.679
Return On Assets
(0.02)
Return On Equity
(0.04)
The market value of Iris Energy is measured differently than its book value, which is the value of Iris that is recorded on the company's balance sheet. Investors also form their own opinion of Iris Energy's value that differs from its market value or its book value, called intrinsic value, which is Iris Energy'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 Iris Energy's market value can be influenced by many factors that don't directly affect Iris Energy'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 Iris Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Iris Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Iris Energy'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.