RenovoRx Net Debt vs Other Current Liab Analysis

RNXT Stock

USD 1.09 0.01 0.91%

RenovoRx financial indicator trend analysis is much more than just breaking down RenovoRx prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether RenovoRx is a good investment. Please check the relationship between RenovoRx Net Debt and its Other Current Liab accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in RenovoRx. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in interest.

For more information on how to buy RenovoRx Stock please use our How to Invest in RenovoRx guide.

Net Debt vs Other Current Liab

Net Debt vs Other Current Liab Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of RenovoRx Net Debt account and Other Current Liab. At this time, the significance of the direction appears to have strong contrarian relationship.

The correlation between RenovoRx's Net Debt and Other Current Liab is -0.64. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Other Current Liab in the same time period over historical financial statements of RenovoRx, assuming nothing else is changed. The correlation between historical values of RenovoRx's Net Debt and Other Current 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 Net Debt of RenovoRx are associated (or correlated) with its Other Current Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Liab has no effect on the direction of Net Debt i.e., RenovoRx's Net Debt and Other Current Liab go up and down completely randomly.

Correlation Coefficient

-0.64

Relationship Direction	Negative
Relationship Strength	Weak

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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.

Other Current Liab

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

For more information on how to buy RenovoRx Stock please use our How to Invest in RenovoRx guide.At this time, RenovoRx's Issuance Of Capital Stock is comparatively stable compared to the past year. Enterprise Value is likely to gain to about 44.5 M in 2024, whereas Selling General Administrative is likely to drop slightly above 3.5 M in 2024.

	2021	2023	2024 (projected)
Depreciation And Amortization	9K	5.4K	5.1K
Interest Income	57K	111K	64.4K

Depreciation And Amortization Interest Income

RenovoRx fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Tangible Assets	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Common Stock Total Equity	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Current Assets	Other Stockholder Equity	Total Liab	Net Invested Capital	Total Current Assets	Capital Stock	Net Working Capital	Common Stock	Current Deferred Revenue
Total Assets		-0.42	0.08	-0.08	0.88	0.62	-0.78	-0.15	0.07	1.0	-0.2	-0.02	-0.58	1.0	0.2	-0.03	-0.65	0.95	0.58	-0.67	0.88	1.0	0.2	0.98	0.2	0.2
Short Long Term Debt Total	-0.42		-0.89	-0.53	-0.66	-0.8	0.9	0.84	0.39	-0.41	-0.57	-0.72	0.85	-0.41	0.54	-0.69	0.83	-0.56	-0.84	0.73	-0.71	-0.42	0.54	-0.3	0.54	0.54
Other Current Liab	0.08	-0.89		0.82	0.27	0.44	-0.64	-0.66	-0.71	0.07	0.48	0.59	-0.54	0.07	-0.45	0.55	-0.51	0.22	0.53	-0.36	0.34	0.08	-0.45	-0.09	-0.45	-0.45
Total Current Liabilities	-0.08	-0.53	0.82		-0.15	-0.09	-0.27	-0.13	-0.98	-0.08	0.06	0.05	-0.01	-0.08	-0.07	0.05	0.01	-0.07	0.0	0.18	-0.06	-0.08	-0.07	-0.29	-0.07	-0.07
Total Stockholder Equity	0.88	-0.66	0.27	-0.15		0.91	-0.91	-0.58	0.22	0.87	0.21	0.45	-0.89	0.87	-0.2	0.4	-0.93	0.95	0.88	-0.94	1.0	0.88	-0.2	0.88	-0.2	-0.2
Net Tangible Assets	0.62	-0.8	0.44	-0.09	0.91		-0.88	-0.85	0.22	0.6	0.59	0.75	-0.99	0.6	-0.57	0.75	-0.98	0.74	0.97	-0.97	0.9	0.62	-0.57	0.62	-0.57	-0.57
Net Debt	-0.78	0.9	-0.64	-0.27	-0.91	-0.88		0.68	0.18	-0.76	-0.33	-0.53	0.9	-0.76	0.31	-0.5	0.92	-0.85	-0.89	0.86	-0.94	-0.78	0.31	-0.69	0.31	0.31
Retained Earnings	-0.15	0.84	-0.66	-0.13	-0.58	-0.85	0.68		-0.05	-0.13	-0.85	-0.96	0.89	-0.13	0.8	-0.95	0.83	-0.35	-0.87	0.79	-0.59	-0.15	0.8	-0.12	0.8	0.8
Accounts Payable	0.07	0.39	-0.71	-0.98	0.22	0.22	0.18	-0.05		0.07	0.1	0.12	-0.14	0.07	-0.06	0.13	-0.14	0.1	0.15	-0.3	0.13	0.07	-0.06	0.28	-0.06	-0.06
Cash	1.0	-0.41	0.07	-0.08	0.87	0.6	-0.76	-0.13	0.07		-0.22	-0.05	-0.55	1.0	0.21	-0.05	-0.64	0.94	0.56	-0.65	0.87	1.0	0.21	0.98	0.21	0.21
Non Current Assets Total	-0.2	-0.57	0.48	0.06	0.21	0.59	-0.33	-0.85	0.1	-0.22		0.82	-0.58	-0.22	-0.95	0.96	-0.48	-0.1	0.59	-0.45	0.21	-0.2	-0.95	-0.2	-0.95	-0.95
Non Currrent Assets Other	-0.02	-0.72	0.59	0.05	0.45	0.75	-0.53	-0.96	0.12	-0.05	0.82		-0.8	-0.05	-0.79	0.91	-0.74	0.23	0.76	-0.71	0.45	-0.02	-0.79	-0.03	-0.79	-0.79
Other Assets	-0.58	0.85	-0.54	-0.01	-0.89	-0.99	0.9	0.89	-0.14	-0.55	-0.58	-0.8		-0.55	0.55	-0.75	0.99	-0.73	-0.98	0.97	-0.89	-0.58	0.55	-0.56	0.55	0.55
Cash And Short Term Investments	1.0	-0.41	0.07	-0.08	0.87	0.6	-0.76	-0.13	0.07	1.0	-0.22	-0.05	-0.55		0.21	-0.05	-0.64	0.94	0.56	-0.65	0.87	1.0	0.21	0.98	0.21	0.21
Common Stock Total Equity	0.2	0.54	-0.45	-0.07	-0.2	-0.57	0.31	0.8	-0.06	0.21	-0.95	-0.79	0.55	0.21		-0.88	0.44	0.09	-0.5	0.41	-0.2	0.2	1.0	0.19	1.0	1.0
Common Stock Shares Outstanding	-0.03	-0.69	0.55	0.05	0.4	0.75	-0.5	-0.95	0.13	-0.05	0.96	0.91	-0.75	-0.05	-0.88		-0.67	0.12	0.76	-0.64	0.4	-0.03	-0.88	-0.03	-0.88	-0.88
Non Current Liabilities Total	-0.65	0.83	-0.51	0.01	-0.93	-0.98	0.92	0.83	-0.14	-0.64	-0.48	-0.74	0.99	-0.64	0.44	-0.67		-0.81	-0.98	0.99	-0.93	-0.66	0.44	-0.63	0.44	0.44
Other Current Assets	0.95	-0.56	0.22	-0.07	0.95	0.74	-0.85	-0.35	0.1	0.94	-0.1	0.23	-0.73	0.94	0.09	0.12	-0.81		0.72	-0.82	0.95	0.95	0.09	0.93	0.09	0.09
Other Stockholder Equity	0.58	-0.84	0.53	0.0	0.88	0.97	-0.89	-0.87	0.15	0.56	0.59	0.76	-0.98	0.56	-0.5	0.76	-0.98	0.72		-0.96	0.88	0.58	-0.5	0.56	-0.5	-0.5
Total Liab	-0.67	0.73	-0.36	0.18	-0.94	-0.97	0.86	0.79	-0.3	-0.65	-0.45	-0.71	0.97	-0.65	0.41	-0.64	0.99	-0.82	-0.96		-0.93	-0.67	0.41	-0.68	0.41	0.41
Net Invested Capital	0.88	-0.71	0.34	-0.06	1.0	0.9	-0.94	-0.59	0.13	0.87	0.21	0.45	-0.89	0.87	-0.2	0.4	-0.93	0.95	0.88	-0.93		0.88	-0.2	0.86	-0.2	-0.2
Total Current Assets	1.0	-0.42	0.08	-0.08	0.88	0.62	-0.78	-0.15	0.07	1.0	-0.2	-0.02	-0.58	1.0	0.2	-0.03	-0.66	0.95	0.58	-0.67	0.88		0.2	0.98	0.2	0.2
Capital Stock	0.2	0.54	-0.45	-0.07	-0.2	-0.57	0.31	0.8	-0.06	0.21	-0.95	-0.79	0.55	0.21	1.0	-0.88	0.44	0.09	-0.5	0.41	-0.2	0.2		0.19	1.0	1.0
Net Working Capital	0.98	-0.3	-0.09	-0.29	0.88	0.62	-0.69	-0.12	0.28	0.98	-0.2	-0.03	-0.56	0.98	0.19	-0.03	-0.63	0.93	0.56	-0.68	0.86	0.98	0.19		0.19	0.19
Common Stock	0.2	0.54	-0.45	-0.07	-0.2	-0.57	0.31	0.8	-0.06	0.21	-0.95	-0.79	0.55	0.21	1.0	-0.88	0.44	0.09	-0.5	0.41	-0.2	0.2	1.0	0.19		1.0
Current Deferred Revenue	0.2	0.54	-0.45	-0.07	-0.2	-0.57	0.31	0.8	-0.06	0.21	-0.95	-0.79	0.55	0.21	1.0	-0.88	0.44	0.09	-0.5	0.41	-0.2	0.2	1.0	0.19	1.0

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RenovoRx Net Debt vs Other Current Liab Analysis

Net Debt vs Other Current Liab

Net Debt vs Other Current Liab Correlation Analysis

Correlation Coefficient

Net Debt

Other Current Liab

RenovoRx fundamental ratios Correlations

RenovoRx Account Relationship Matchups

High Positive Relationship

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Cash	+ 1.0	Total Assets
Cash And Short Term Investments	+ 1.0	Total Assets
Total Current Assets	+ 1.0	Total Assets
Net Invested Capital	+ 1.0	Total Stockholder Equity
Cash And Short Term Investments	+ 1.0	Cash
Total Current Assets	+ 1.0	Cash

Other Assets	- 0.99	Net Tangible Assets
Other Stockholder Equity	- 0.98	Non Current Liabilities Total
Other Stockholder Equity	- 0.98	Other Assets
Non Current Liabilities Total	- 0.98	Net Tangible Assets
Accounts Payable	- 0.98	Total Current Liabilities
Total Liab	- 0.97	Net Tangible Assets