IREN Total Current Assets vs Net Receivables Analysis

IREN Stock

USD 19.69 0.61 3.20%

IREN financial indicator trend analysis is infinitely more than just investigating IREN recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether IREN is a good investment. Please check the relationship between IREN Total Current Assets and its Net Receivables accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in IREN. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as various price indices.

To learn how to invest in IREN Stock, please use our How to Invest in IREN guide.

Total Current Assets vs Net Receivables

Total Current Assets vs Net Receivables Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of IREN Total Current Assets account and Net Receivables. At this time, the significance of the direction appears to have almost identical trend.

The correlation between IREN's Total Current Assets and Net Receivables is 0.97. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Net Receivables in the same time period over historical financial statements of IREN, assuming nothing else is changed. The correlation between historical values of IREN's Total Current Assets and Net Receivables is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Current Assets of IREN are associated (or correlated) with its Net Receivables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Receivables has no effect on the direction of Total Current Assets i.e., IREN's Total Current Assets and Net Receivables go up and down completely randomly.

Correlation Coefficient

0.97

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Total Current Assets

The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.

Net Receivables

Most indicators from IREN's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into IREN 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 IREN. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as various price indices.

To learn how to invest in IREN Stock, please use our How to Invest in IREN guide.At this time, IREN's Selling General Administrative is very stable compared to the past year. As of the 15th of August 2025, Issuance Of Capital Stock is likely to grow to about 946.2 M, while Tax Provision is likely to drop about 2.2 M.

	2022	2023	2024	2025 (projected)
Other Operating Expenses	124.0M	215.1M	247.4M	145.3M
Total Revenue	75.5M	188.8M	217.1M	227.9M

Other Operating Expenses Total Revenue

IREN fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	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 Shares Outstanding	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Common Stock	Property Plant Equipment	Good Will
Total Assets		0.07	0.28	0.44	0.99	0.85	0.99	0.9	-0.94	-0.88	1.0	0.99	1.0	0.97	0.07	0.99	0.98	0.84	0.94	0.92	0.45	1.0	0.02	0.99	0.91	-0.84
Short Long Term Debt Total	0.07		0.59	0.78	-0.02	0.26	0.06	0.33	0.21	-0.16	0.03	-0.02	0.11	0.19	0.99	-0.03	0.17	0.13	0.07	-0.22	0.85	0.01	0.97	0.04	0.22	0.29
Other Current Liab	0.28	0.59		0.94	0.2	0.08	0.23	0.41	-0.14	-0.24	0.23	0.27	0.29	0.35	0.51	0.27	0.22	0.45	0.22	0.2	0.86	0.27	0.73	0.22	0.23	-0.11
Total Current Liabilities	0.44	0.78	0.94		0.35	0.34	0.4	0.6	-0.23	-0.42	0.39	0.4	0.46	0.52	0.72	0.4	0.44	0.54	0.38	0.26	0.98	0.41	0.85	0.38	0.44	-0.16
Total Stockholder Equity	0.99	-0.02	0.2	0.35		0.84	0.99	0.87	-0.96	-0.87	1.0	0.99	0.99	0.95	-0.02	0.99	0.97	0.82	0.93	0.94	0.36	1.0	-0.08	0.99	0.89	-0.86
Net Tangible Assets	0.85	0.26	0.08	0.34	0.84		0.9	0.93	-0.71	-0.94	0.88	0.78	0.88	0.78	0.29	0.77	0.9	0.68	0.93	0.6	0.43	0.8	0.12	0.9	0.98	-0.74
Property Plant And Equipment Net	0.99	0.06	0.23	0.4	0.99	0.9		0.94	-0.93	-0.94	1.0	0.97	0.99	0.93	0.06	0.97	0.97	0.83	0.98	0.87	0.42	0.98	-0.01	1.0	0.96	-0.88
Current Deferred Revenue	0.9	0.33	0.41	0.6	0.87	0.93	0.94		-0.76	-0.97	0.91	0.84	0.92	0.84	0.32	0.84	0.9	0.82	0.96	0.68	0.63	0.86	0.27	0.93	0.98	-0.8
Net Debt	-0.94	0.21	-0.14	-0.23	-0.96	-0.71	-0.93	-0.76		0.8	-0.95	-0.97	-0.93	-0.89	0.22	-0.97	-0.89	-0.82	-0.86	-0.97	-0.21	-0.96	0.24	-0.93	-0.79	0.89
Retained Earnings	-0.88	-0.16	-0.24	-0.42	-0.87	-0.94	-0.94	-0.97	0.8		-0.91	-0.83	-0.9	-0.79	-0.17	-0.83	-0.88	-0.8	-0.98	-0.67	-0.45	-0.85	-0.08	-0.93	-0.98	0.88
Accounts Payable	1.0	0.03	0.23	0.39	1.0	0.88	1.0	0.91	-0.95	-0.91		0.98	1.0	0.94	0.03	0.98	0.98	0.83	0.96	0.91	0.4	0.99	-0.03	1.0	0.93	-0.88
Cash	0.99	-0.02	0.27	0.4	0.99	0.78	0.97	0.84	-0.97	-0.83	0.98		0.98	0.96	-0.03	1.0	0.96	0.83	0.9	0.96	0.39	1.0	-0.06	0.97	0.85	-0.84
Non Current Assets Total	1.0	0.11	0.29	0.46	0.99	0.88	0.99	0.92	-0.93	-0.9	1.0	0.98		0.96	0.11	0.98	0.99	0.84	0.95	0.9	0.48	0.99	0.05	0.99	0.93	-0.83
Non Currrent Assets Other	0.97	0.19	0.35	0.52	0.95	0.78	0.93	0.84	-0.89	-0.79	0.94	0.96	0.96		0.18	0.96	0.96	0.85	0.84	0.9	0.53	0.96	0.14	0.92	0.83	-0.7
Other Assets	0.07	0.99	0.51	0.72	-0.02	0.29	0.06	0.32	0.22	-0.17	0.03	-0.03	0.11	0.18		-0.04	0.19	0.09	0.07	-0.23	0.81	0.0	0.95	0.04	0.23	0.3
Cash And Short Term Investments	0.99	-0.03	0.27	0.4	0.99	0.77	0.97	0.84	-0.97	-0.83	0.98	1.0	0.98	0.96	-0.04		0.96	0.83	0.9	0.97	0.39	1.0	-0.06	0.97	0.85	-0.84
Net Receivables	0.98	0.17	0.22	0.44	0.97	0.9	0.97	0.9	-0.89	-0.88	0.98	0.96	0.99	0.96	0.19	0.96		0.79	0.92	0.86	0.48	0.97	0.09	0.97	0.92	-0.76
Common Stock Shares Outstanding	0.84	0.13	0.45	0.54	0.82	0.68	0.83	0.82	-0.82	-0.8	0.83	0.83	0.84	0.85	0.09	0.83	0.79		0.81	0.76	0.51	0.83	0.13	0.83	0.78	-0.76
Other Current Assets	0.94	0.07	0.22	0.38	0.93	0.93	0.98	0.96	-0.86	-0.98	0.96	0.9	0.95	0.84	0.07	0.9	0.92	0.81		0.78	0.41	0.91	0.0	0.98	0.98	-0.92
Other Stockholder Equity	0.92	-0.22	0.2	0.26	0.94	0.6	0.87	0.68	-0.97	-0.67	0.91	0.96	0.9	0.9	-0.23	0.97	0.86	0.76	0.78		0.23	0.95	-0.23	0.88	0.69	-0.79
Total Liab	0.45	0.85	0.86	0.98	0.36	0.43	0.42	0.63	-0.21	-0.45	0.4	0.39	0.48	0.53	0.81	0.39	0.48	0.51	0.41	0.23		0.41	0.89	0.4	0.49	-0.13
Total Current Assets	1.0	0.01	0.27	0.41	1.0	0.8	0.98	0.86	-0.96	-0.85	0.99	1.0	0.99	0.96	0.0	1.0	0.97	0.83	0.91	0.95	0.41		-0.03	0.98	0.87	-0.84
Short Term Debt	0.02	0.97	0.73	0.85	-0.08	0.12	-0.01	0.27	0.24	-0.08	-0.03	-0.06	0.05	0.14	0.95	-0.06	0.09	0.13	0.0	-0.23	0.89	-0.03		-0.03	0.13	0.32
Common Stock	0.99	0.04	0.22	0.38	0.99	0.9	1.0	0.93	-0.93	-0.93	1.0	0.97	0.99	0.92	0.04	0.97	0.97	0.83	0.98	0.88	0.4	0.98	-0.03		0.95	-0.89
Property Plant Equipment	0.91	0.22	0.23	0.44	0.89	0.98	0.96	0.98	-0.79	-0.98	0.93	0.85	0.93	0.83	0.23	0.85	0.92	0.78	0.98	0.69	0.49	0.87	0.13	0.95		-0.83
Good Will	-0.84	0.29	-0.11	-0.16	-0.86	-0.74	-0.88	-0.8	0.89	0.88	-0.88	-0.84	-0.83	-0.7	0.3	-0.84	-0.76	-0.76	-0.92	-0.79	-0.13	-0.84	0.32	-0.89	-0.83

Click cells to compare fundamentals

IREN Account Relationship Matchups

IREN fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	134.9M	570.5M	332.1M	1.2B	1.3B	1.4B
Short Long Term Debt Total	84.0M	108.2M	1.4M	1.7M	1.9M	1.8M
Other Current Liab	97.8M	11.4M	12.2M	19.5M	22.4M	25.9M
Total Current Liabilities	170.9M	85.1M	24.0M	51.0M	58.6M	61.2M
Total Stockholder Equity	(49.5M)	437.4M	305.4M	1.1B	1.3B	1.3B
Net Tangible Assets	11.9M	(66.7M)	436.7M	305.4M	351.2M	368.7M
Property Plant And Equipment Net	17.4M	248.8M	242.5M	442.9M	509.4M	534.8M
Net Debt	45.0M	(1.8M)	(67.4M)	(402.9M)	(362.7M)	(344.5M)
Retained Earnings	(63.0M)	(482.4M)	(654.3M)	(683.2M)	(614.9M)	(584.2M)
Accounts Payable	545K	13.2M	11.5M	27.3M	31.4M	33.0M
Cash	39.1M	110.0M	68.9M	404.6M	465.3M	488.6M
Non Current Assets Total	94.4M	410.2M	242.8M	700.6M	805.7M	846.0M
Other Assets	576K	102.0M	160.8M	368K	423.2K	402.0K
Cash And Short Term Investments	39.1M	110.0M	68.9M	411.1M	472.8M	496.4M
Net Receivables	795.7K	23.7M	6.5M	29.4M	33.8M	35.5M
Common Stock Shares Outstanding	56.7M	40.9M	54.8M	99.6M	114.6M	59.3M
Liabilities And Stockholders Equity	134.9M	570.5M	332.1M	1.2B	1.3B	1.4B
Other Current Assets	492K	7.7M	11.4M	11.9M	13.7M	14.4M
Other Stockholder Equity	(1.7M)	(6.8M)	(6.2M)	51.3M	59.0M	61.9M
Total Liab	184.4M	133.1M	26.7M	55.7M	64.0M	73.8M
Total Current Assets	40.5M	160.3M	89.2M	452.4M	520.2M	546.3M
Accumulated Other Comprehensive Income	1.5M	(6.8M)	(6.2M)	(35.0M)	(31.5M)	(29.9M)
Short Term Debt	72.0M	60.5M	192K	214K	192.6K	183.0K
Common Stock	12.1M	926.6M	965.9M	1.8B	2.0B	2.1B
Property Plant Equipment	11.6M	22.7M	248.8M	242.5M	278.8M	292.8M
Capital Lease Obligations	1.3M	1.3M	1.4M	1.7M	1.9M	1.3M
Net Invested Capital	44.6M	544.4M	305.4M	1.1B	1.3B	1.3B
Property Plant And Equipment Gross	19.4M	257.9M	290.1M	540.1M	621.1M	652.1M
Net Working Capital	(173.5M)	75.1M	65.2M	401.4M	461.6M	484.7M

Pair Trading with IREN

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 IREN 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 IREN will appreciate offsetting losses from the drop in the long position's value.

Moving together with IREN Stock

0.95	CG	Carlyle Group	Pair Corr
0.83	LC	LendingClub Corp	Pair Corr
0.92	VRTS	Virtus Investment	Pair Corr
0.84	ENVA	Enova International	Pair Corr
0.92	FDUS	Fidus Investment Corp	Pair Corr

Moving against IREN Stock

0.74	CWD	CaliberCos Class A	Pair Corr
0.6	V	Visa Class A	Pair Corr

The ability to find closely correlated positions to IREN could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace IREN 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 IREN - 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 IREN to buy it.

The correlation of IREN 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 IREN moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if IREN 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 IREN 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 Correlation Correlation Matching

When determining whether IREN offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of IREN'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 Iren Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Iren Stock:

How To Invest In IREN

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Is IREN Stock a good investment?

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What is IREN's Net Worth?

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Largest Financial Services Companies

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Top Sectors

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Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in IREN. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as various price indices.

To learn how to invest in IREN Stock, please use our How to Invest in IREN guide.

You can also try the Portfolio Manager module to state of the art Portfolio Manager to monitor and improve performance of your invested capital.

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

Quarterly Earnings Growth

0.429

Earnings Share

(0.31)

Revenue Per Share

1.957

Quarterly Revenue Growth

1.725

Return On Assets

(0.01)

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

Total Current Assets vs Net Receivables

Total Current Assets vs Net Receivables Correlation Analysis

Correlation Coefficient

Total Current Assets

Net Receivables

IREN fundamental ratios Correlations

IREN Account Relationship Matchups

High Positive Relationship

High Negative Relationship

IREN fundamental ratios Accounts

Pair Trading with IREN

Moving together with IREN Stock

Moving against IREN Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Accounts Payable	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Total Assets
Total Current Assets	+ 1.0	Total Assets
Accounts Payable	+ 1.0	Total Stockholder Equity
Total Current Assets	+ 1.0	Total Stockholder Equity
Accounts Payable	+ 1.0	Property Plant And Equipment Net

Property Plant Equipment	- 0.98	Retained Earnings
Other Current Assets	- 0.98	Retained Earnings
Other Stockholder Equity	- 0.97	Net Debt
Cash And Short Term Investments	- 0.97	Net Debt
Cash	- 0.97	Net Debt
Retained Earnings	- 0.97	Current Deferred Revenue