Orthofix Long Term Debt vs Deferred Long Term Liab Analysis

OFIX Stock  USD 17.96  0.13  0.72%   
Orthofix Medical financial indicator trend analysis is much more than just breaking down Orthofix Medical prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Orthofix Medical is a good investment. Please check the relationship between Orthofix Medical Long Term Debt and its Deferred Long Term Liab accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Orthofix Medical. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.
For more information on how to buy Orthofix Stock please use our How to Invest in Orthofix Medical guide.

Long Term Debt vs Deferred Long Term Liab

Long Term Debt vs Deferred Long Term Liab Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Orthofix Medical Long Term Debt account and Deferred Long Term Liab. At this time, the significance of the direction appears to have almost no relationship.
The correlation between Orthofix Medical's Long Term Debt and Deferred Long Term Liab is 0.17. Overlapping area represents the amount of variation of Long Term Debt that can explain the historical movement of Deferred Long Term Liab in the same time period over historical financial statements of Orthofix Medical, assuming nothing else is changed. The correlation between historical values of Orthofix Medical's Long Term Debt and Deferred Long Term 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 Long Term Debt of Orthofix Medical are associated (or correlated) with its Deferred Long Term Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Deferred Long Term Liab has no effect on the direction of Long Term Debt i.e., Orthofix Medical's Long Term Debt and Deferred Long Term Liab go up and down completely randomly.

Correlation Coefficient

0.17
Relationship DirectionPositive 
Relationship StrengthInsignificant

Long Term Debt

Long-term debt is a debt that Orthofix Medical has held for over one year. Long-term debt appears on Orthofix Medical balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on Orthofix Medical balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.

Deferred Long Term Liab

Liabilities that are due after more than one year, including deferred tax liabilities and deferred revenue.
Most indicators from Orthofix Medical's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Orthofix Medical 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in Orthofix Medical. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.
For more information on how to buy Orthofix Stock please use our How to Invest in Orthofix Medical guide.At this time, Orthofix Medical's Issuance Of Capital Stock is fairly stable compared to the past year. Sales General And Administrative To Revenue is likely to rise to 0.25 in 2024, whereas Selling General Administrative is likely to drop slightly above 87.6 M in 2024.
 2021 2022 2023 2024 (projected)
Gross Profit349.6M337.2M486.3M259.2M
Total Revenue464.5M460.7M746.6M784.0M

Orthofix Medical fundamental ratios Correlations

0.920.470.830.780.950.990.51-0.780.98-0.030.950.16-0.060.320.510.980.120.990.50.870.460.170.860.690.73
0.920.690.830.940.950.920.66-0.580.920.030.970.140.00.620.750.940.430.90.750.760.690.450.840.740.68
0.470.690.340.830.450.490.91-0.320.48-0.270.640.19-0.290.750.950.530.850.440.920.360.640.910.480.350.46
0.830.830.340.770.860.810.2-0.480.770.40.850.260.380.290.430.780.130.80.510.640.50.090.730.750.6
0.780.940.830.770.80.790.72-0.50.780.090.90.290.060.660.850.810.610.760.870.660.680.680.760.640.58
0.950.950.450.860.80.940.44-0.580.940.090.920.020.060.490.530.950.20.940.550.790.630.170.810.80.71
0.990.920.490.810.790.940.53-0.80.98-0.030.960.19-0.060.310.540.980.120.990.520.870.450.210.880.670.73
0.510.660.910.20.720.440.53-0.430.54-0.570.610.07-0.580.650.840.580.70.490.740.430.460.810.470.190.37
-0.78-0.58-0.32-0.48-0.5-0.58-0.8-0.43-0.810.13-0.73-0.420.160.11-0.32-0.760.17-0.83-0.27-0.860.0-0.15-0.81-0.34-0.6
0.980.920.480.770.780.940.980.54-0.81-0.010.940.21-0.050.350.530.990.110.990.520.920.460.240.90.690.73
-0.030.03-0.270.40.090.09-0.03-0.570.13-0.010.050.321.0-0.14-0.13-0.06-0.20.00.00.020.08-0.180.160.310.0
0.950.970.640.850.90.920.960.61-0.730.940.050.280.020.450.70.950.290.950.690.810.530.390.920.680.7
0.160.140.190.260.290.020.190.07-0.420.210.320.280.31-0.240.230.18-0.040.190.240.27-0.160.220.380.00.1
-0.060.0-0.290.380.060.06-0.06-0.580.16-0.051.00.020.31-0.15-0.16-0.09-0.21-0.03-0.02-0.010.06-0.190.130.28-0.05
0.320.620.750.290.660.490.310.650.110.35-0.140.45-0.24-0.150.780.410.840.280.80.190.880.660.270.540.41
0.510.750.950.430.850.530.540.84-0.320.53-0.130.70.23-0.160.780.580.790.490.970.370.730.830.580.480.55
0.980.940.530.780.810.950.980.58-0.760.99-0.060.950.18-0.090.410.580.180.980.560.870.520.260.880.690.72
0.120.430.850.130.610.20.120.70.170.11-0.20.29-0.04-0.210.840.790.180.060.8-0.010.710.830.050.270.2
0.990.90.440.80.760.940.990.49-0.830.990.00.950.19-0.030.280.490.980.060.480.910.420.180.90.690.73
0.50.750.920.510.870.550.520.74-0.270.520.00.690.24-0.020.80.970.560.80.480.380.810.80.560.60.61
0.870.760.360.640.660.790.870.43-0.860.920.020.810.27-0.010.190.370.87-0.010.910.380.310.220.850.630.66
0.460.690.640.50.680.630.450.460.00.460.080.53-0.160.060.880.730.520.710.420.810.310.470.360.810.65
0.170.450.910.090.680.170.210.81-0.150.24-0.180.390.22-0.190.660.830.260.830.180.80.220.470.310.120.16
0.860.840.480.730.760.810.880.47-0.810.90.160.920.380.130.270.580.880.050.90.560.850.360.310.60.65
0.690.740.350.750.640.80.670.19-0.340.690.310.680.00.280.540.480.690.270.690.60.630.810.120.60.83
0.730.680.460.60.580.710.730.37-0.60.730.00.70.1-0.050.410.550.720.20.730.610.660.650.160.650.83
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Orthofix Medical Account Relationship Matchups

Orthofix Medical fundamental ratios Accounts

201920202021202220232024 (projected)
Common Stock Shares Outstanding18.9M19.4M19.7M20.1M36.7M38.6M
Total Assets495.6M525.9M476.6M458.6M925.3M971.6M
Other Current Liab64.7M72.7M70.3M47.2M93.8M98.5M
Total Current Liabilities84.9M103.9M105.8M83.6M165.2M173.5M
Total Stockholder Equity327.6M356.9M336.9M336.9M598.7M628.7M
Property Plant And Equipment Net62.7M63.6M59.3M58.2M159.1M167.0M
Net Debt(48.7M)(71.4M)(65.4M)(30.8M)96.4M101.3M
Retained Earnings57.7M59.4M21M1.3M(150.1M)(142.6M)
Accounts Payable19.9M23.1M26.5M27.6M58.4M61.3M
Cash69.7M96.3M87.8M50.7M37.8M39.8M
Non Current Assets Total235.1M255.5M207.1M202.6M504.9M530.1M
Non Currrent Assets Other11.9M17.3M16.7M25.7M33.4M35.1M
Cash And Short Term Investments69.7M96.3M87.8M50.7M33.1M39.7M
Net Receivables86.8M72.4M78.6M82.9M128.1M79.5M
Liabilities And Stockholders Equity495.6M525.9M476.6M458.6M925.3M971.6M
Non Current Liabilities Total83.1M65.1M33.9M38.1M161.4M92.9M
Inventory82.4M84.6M83.0M100.2M222.2M233.3M
Other Current Assets20.9M17.0M20.1M22.3M37.1M21.1M
Other Stockholder Equity271.0M292.3M314.0M335.0M746.5M783.8M
Total Liab168.0M169.0M139.7M121.8M326.6M165.1M
Property Plant And Equipment Gross62.7M63.6M242.2M221.2M347.7M365.1M
Total Current Assets260.6M270.4M269.5M256.0M420.4M217.2M
Accumulated Other Comprehensive Income3.3M(3.0M)3.3M(1.4M)(1.3M)(1.2M)
Short Term Debt323K2.6M4.4M2.3M5.4M4.8M
Intangible Assets54.1M60.5M52.7M47.4M117.5M123.4M
Common Stock Total Equity1.9M1.9M2.0M2.0M2.3M1.9M
Common Stock1.9M1.9M2.0M2.0M3.7M2.0M
Other Liab58.4M39.8M14.0M13.5M15.6M16.4M
Other Assets41.0M47.3M23.9M12.8M14.8M28.8M
Good Will72.4M71.2M84.0M71.3M194.9M98.1M
Property Plant Equipment62.7M63.6M59.3M58.2M67.0M43.5M
Net Tangible Assets202.3M212.3M213.0M218.2M250.9M234.7M
Retained Earnings Total Equity57.7M59.4M21M1.3M1.1M1.1M
Capital Surpluse271.0M292.3M314.0M335.0M385.2M280.6M

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