IDEXX Laboratories Financials

IDXX Stock  USD 417.24  1.31  0.31%   
Based on the key indicators related to IDEXX Laboratories' liquidity, profitability, solvency, and operating efficiency, IDEXX Laboratories is performing exceptionally good at this time. It has a great probability to report excellent financial results in December. At this time, IDEXX Laboratories' Non Currrent Assets Other are fairly stable compared to the past year. Cash And Short Term Investments is likely to rise to about 476.6 M in 2024, despite the fact that Other Stockholder Equity is likely to grow to (2.8 B). Key indicators impacting IDEXX Laboratories' financial strength include:
Current ValueLast YearChange From Last Year 10 Year Trend
Net Profit Margin0.240.2308
Sufficiently Up
Slightly volatile
Return On Assets0.270.2592
Sufficiently Up
Slightly volatile
Operating Income1.2 B1.1 B
Sufficiently Up
Slightly volatile
Current Ratio2.841.5714
Way Up
Pretty Stable
The financial analysis of IDEXX Laboratories is a critical element in measuring its lifeblood. Investors should not minimize IDEXX Laboratories' ability to pay suppliers or employees on time, ensuring interest payments are not accumulating.

Net Income

887.29 Million

  
Understanding current and past IDEXX Laboratories Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of IDEXX Laboratories' financial statements are interrelated, with each one affecting the others. For example, an increase in IDEXX Laboratories' assets may result in an increase in income on the income statement.

IDEXX Laboratories Earnings Geography

Please note, the imprecision that can be found in IDEXX Laboratories' accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of IDEXX Laboratories. Check IDEXX Laboratories' Beneish M Score to see the likelihood of IDEXX Laboratories' management manipulating its earnings.

IDEXX Laboratories Stock Summary

IDEXX Laboratories competes with Waters, IQVIA Holdings, Charles River, Revvity, and Mettler Toledo. IDEXX Laboratories, Inc. develops, manufactures, and distributes products and services primarily for the companion animal veterinary, livestock and poultry, dairy, and water testing markets worldwide. IDEXX Laboratories, Inc. was incorporated in 1983 and is headquartered in Westbrook, Maine. Idexx Laboratories operates under Diagnostics Research classification in the United States and is traded on NASDAQ Exchange. It employs 10000 people.
Specialization
Health Care, Health Care Equipment & Services
InstrumentUSA Stock View All
ExchangeNASDAQ Exchange
ISINUS45168D1046
CUSIP45168D104
LocationMaine; U.S.A
Business AddressOne IDEXX Drive,
SectorHealth Care Equipment & Supplies
IndustryHealth Care
BenchmarkDow Jones Industrial
Websitewww.idexx.com
Phone207 556 0300
CurrencyUSD - US Dollar

IDEXX Laboratories Key Financial Ratios

IDEXX Laboratories Key Balance Sheet Accounts

201920202021202220232024 (projected)
Total Assets1.8B2.3B2.4B2.7B3.3B3.4B
Other Current Liab322.9M355.2M396.4M364.7M372.4M391.0M
Net Debt897.3M524.6M779.2M1.2B613.4M644.1M
Retained Earnings1.6B2.2B2.9B3.6B4.4B4.7B
Accounts Payable72.2M74.6M116.1M110.2M110.6M116.2M
Cash90.3M383.9M144.5M112.5M453.9M476.6M
Net Receivables269.3M374.7M425.6M490.9M529.5M556.0M
Inventory195.0M209.9M269.0M367.8M380.3M399.3M
Other Current Assets125.0M94.2M116.6M130.2M131.5M138.1M
Total Liab1.7B1.7B1.7B2.1B1.8B1.9B
Total Current Assets679.6M1.1B955.7M1.1B1.5B1.6B
Intangible Assets58.5M52.5M99.0M97.7M84.5M74.5M
Short Term Debt288.8M67.7M168.4M674.4M344.8M211.6M
Common Stock10.6M10.6M10.7M10.7M10.8M9.2M
Other Assets240.2M676.7M893.9M387.5M445.6M467.9M
Treasury Stock(2.3B)(2.6B)(2.8B)(3.6B)(3.2B)(3.1B)
Good Will239.7M243.3M359.3M361.8M366.0M206.0M
Other Liab162.8M220.5M208.4M106.6M122.6M83.3M
Long Term Debt698.9M858.5M775.2M694.4M622.9M380.8M
Net Tangible Assets(120.7M)336.2M690.0M149.3M134.3M141.1M
Long Term Debt Total698.9M858.5M775.2M694.4M798.5M502.0M

IDEXX Laboratories Key Income Statement Accounts

An income statement is very similar to a cash flow statement, but instead of showing net revenue minus expenses, it only includes earnings before interest and taxes (EBIT). This number does not have all of the same line items that are on a cash flow statement, but it leaves out non-cash expenses like depreciation and amortization. For example, if you bought $100 worth of goods from Walmart (WMT) using your debit card that has an interest rate of 20%, then paid off the balance at the end of the month with a credit card that charges 30% interest, you would have an income statement showing EBIT of $80 because your expenses are lower than the amount that went into your pocket.
201920202021202220232024 (projected)
Interest Expense30.6M32.5M29.4M38.8M36.0M37.7M
Total Revenue2.4B2.7B3.2B3.4B3.7B3.8B
Gross Profit1.4B1.6B1.9B2.0B2.2B2.3B
Operating Income552.8M694.5M932.0M898.8M1.1B1.2B
Ebit552.8M694.5M932.0M898.8M1.1B1.2B
Ebitda640.9M790.5M1.0B1.0B1.1B1.2B
Cost Of Revenue1.0B1.1B1.3B1.4B1.5B1.5B
Income Before Tax522.2M662.0M902.7M860.0M1.1B1.1B
Net Income427.7M581.8M744.8M679.1M845.0M887.3M
Income Tax Expense94.4M79.9M157.8M180.9M216.1M226.9M
Research Development133.2M141.2M161.0M254.8M191.0M200.5M
Minority Interest125K16K72K355K1K0.0
Tax Provision94.4M79.9M157.8M180.9M212.0M135.0M
Interest Income427K586K434K1.1M2.2M3.7M
Net Interest Income(30.6M)(32.5M)(29.4M)(38.8M)(43.6M)(45.8M)

IDEXX Laboratories Key Cash Accounts

Cash flow analysis captures how much money flows into and out of IDEXX Laboratories. It measures of how well IDEXX is doing because it can show the actual money that comes into and out of the Company from sales instead of measuring expenses against revenue to determine earnings. You have to read the cash flow statement in three sections. The first section shows how much money IDEXX Laboratories brought in, usually known as net revenue or sales. This is different from earnings because it does not include expenses when determining net revenue for use on this part of the cash flow statement. Next, are operating activities, which show how much money IDEXX had leftover after paying for its expenses. This number can be calculated in two ways: by subtracting the total of all operating expenses from net revenue or by adding up changes to cash and other assets or liabilities on this part of the statement. The third section is about investing activities, which shows what IDEXX Laboratories has done with the money that it received from the sale of assets or what it spent to acquire new ones. This section can be broken down into two parts: investing in existing businesses (in other words, buying more stock) and investing in non-business activities like paying off debt or making acquisitions.
201920202021202220232024 (projected)
Change To Inventory(37.3M)(18.9M)(52.9M)(121.7M)(28.7M)(27.2M)
Change In Cash(33.5M)293.6M(239.5M)(31.9M)341.4M358.5M
Free Cash Flow303.9M540.4M636.0M394.1M772.9M811.5M
Depreciation88.0M96.0M104.6M111.9M114.9M120.7M
Other Non Cash Items2.9M8.8M9.3M10.8M7.6M7.9M
Capital Expenditures155.2M107.6M119.5M148.8M133.6M140.3M
Net Income427.8M582.1M744.8M679.1M845.0M887.3M
End Period Cash Flow90.3M383.9M144.5M112.5M453.9M476.6M
Investments(205.5M)(109.4M)(293.0M)(195.4M)(144.0M)(136.8M)
Change Receivables(22.5M)(60.7M)(33.1M)(41.4M)(37.3M)(39.1M)
Net Borrowings(10.4M)(94.7M)23.5M430.1M387.1M406.4M
Change To Netincome48.3M1.7M148.2M25.5M29.4M28.4M

IDEXX Financial Ratios Relationships

Comparative valuation techniques use various fundamental indicators to help in determining IDEXX Laboratories's current stock value. Our valuation model uses many indicators to compare IDEXX Laboratories value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across IDEXX Laboratories competition to find correlations between indicators driving IDEXX Laboratories's intrinsic value. More Info.
IDEXX Laboratories is currently regarded as number one stock in return on equity category among its peers. It also is currently regarded as number one stock in return on asset category among its peers reporting about  0.38  of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for IDEXX Laboratories is roughly  2.61 . At this time, IDEXX Laboratories' Return On Equity is fairly stable compared to the past year. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the IDEXX Laboratories' earnings, one of the primary drivers of an investment's value.

IDEXX Laboratories' Earnings Breakdown by Geography

IDEXX Laboratories Systematic Risk

IDEXX Laboratories' systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. IDEXX Laboratories volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was twelve with a total number of output elements of fourty-nine. The Beta measures systematic risk based on how returns on IDEXX Laboratories correlated with the market. If Beta is less than 0 IDEXX Laboratories generally moves in the opposite direction as compared to the market. If IDEXX Laboratories Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one IDEXX Laboratories is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of IDEXX Laboratories is generally in the same direction as the market. If Beta > 1 IDEXX Laboratories moves generally in the same direction as, but more than the movement of the benchmark.

IDEXX Laboratories Thematic Clasifications

IDEXX Laboratories is part of Healthcare investing theme. If you are a theme-oriented, socially responsible, and at the same time, a result-driven investor, you can align your investing habits with your values without jeopardizing your expectations about returns. You can easily create an optimal portfolio of stocks, ETFs, funds, or cryptocurrencies based on a specific theme of your liking. USA Equities from Healthcare industry as classified by Fama & French. Fama and French investing themes focus on testing asset pricing under different economic assumptions
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This theme covers USA Equities from Healthcare industry as classified by Fama & French. Fama and French investing themes focus on testing asset pricing under different economic assumptions. Get More Thematic Ideas
Today, most investors in IDEXX Laboratories Stock are looking for potential investment opportunities by analyzing not only static indicators but also various IDEXX Laboratories' growth ratios. Consistent increases or decreases in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's growth growth rates may not be enough to decide which company is a better investment. That's why investors frequently use static breakdown of IDEXX Laboratories growth as a starting point in their analysis.

Price Earnings To Growth Ratio

2.03

At this time, IDEXX Laboratories' Price Earnings To Growth Ratio is fairly stable compared to the past year.

IDEXX Laboratories November 25, 2024 Opportunity Range

Along with financial statement analysis, the daily predictive indicators of IDEXX Laboratories help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of IDEXX Laboratories. We use our internally-developed statistical techniques to arrive at the intrinsic value of IDEXX Laboratories based on widely used predictive technical indicators. In general, we focus on analyzing IDEXX Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build IDEXX Laboratories's daily price indicators and compare them against related drivers.

Additional Tools for IDEXX Stock Analysis

When running IDEXX Laboratories' price analysis, check to measure IDEXX Laboratories' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy IDEXX Laboratories is operating at the current time. Most of IDEXX Laboratories' value examination focuses on studying past and present price action to predict the probability of IDEXX Laboratories' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move IDEXX Laboratories' price. Additionally, you may evaluate how the addition of IDEXX Laboratories to your portfolios can decrease your overall portfolio volatility.