Kontour Intangible Assets vs Cash Analysis

688314 Stock   28.62  0.38  1.35%   
Kontour Medical financial indicator trend analysis is infinitely more than just investigating Kontour Medical Tech recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Kontour Medical Tech is a good investment. Please check the relationship between Kontour Medical Intangible Assets and its Cash accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Kontour Medical Technology. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Intangible Assets vs Cash

Intangible Assets vs Cash Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Kontour Medical Tech Intangible Assets account and Cash. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Kontour Medical's Intangible Assets and Cash is -0.27. Overlapping area represents the amount of variation of Intangible Assets that can explain the historical movement of Cash in the same time period over historical financial statements of Kontour Medical Technology, assuming nothing else is changed. The correlation between historical values of Kontour Medical's Intangible Assets and Cash is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Intangible Assets of Kontour Medical Technology are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Intangible Assets i.e., Kontour Medical's Intangible Assets and Cash go up and down completely randomly.

Correlation Coefficient

-0.27
Relationship DirectionNegative 
Relationship StrengthInsignificant

Intangible Assets

Non-physical assets possessed by a company, such as patents, trademarks, and copyrights, which provide long-term value.

Cash

Cash refers to the most liquid asset of Kontour Medical Tech, which is listed under current asset account on Kontour Medical Technology balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Kontour Medical customers. The amounts must be unrestricted with restricted cash listed in a different Kontour Medical account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.
Most indicators from Kontour Medical's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Kontour Medical Tech 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Kontour Medical Technology. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
As of November 30, 2024, Tax Provision is expected to decline to about 13.7 M. In addition to that, Selling General Administrative is expected to decline to about 56.4 M
 2021 2022 2023 2024 (projected)
Net Interest Income1.8M3.4M3.2M2.2M
Tax Provision14.2M14.3M17.3M13.7M

Kontour Medical fundamental ratios Correlations

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-0.88-0.89-0.87-0.92-0.91-0.8-0.96-0.97-0.78-0.93-0.73-0.950.98-0.93-0.88-0.88-0.8-0.75-0.97-0.76-0.17-0.840.78-0.84
0.98-0.890.980.980.990.960.970.950.970.960.40.87-0.951.00.980.980.960.880.890.94-0.160.94-0.910.94
1.0-0.870.980.980.990.990.970.920.940.980.390.86-0.950.981.00.950.990.920.890.98-0.190.98-0.90.98
0.99-0.920.980.980.980.950.990.970.930.990.50.86-0.960.980.990.980.950.930.940.93-0.130.94-0.910.95
0.99-0.910.990.990.980.970.980.940.940.980.430.9-0.970.990.990.960.970.860.910.95-0.10.95-0.880.95
0.99-0.80.960.990.950.970.920.860.930.950.270.8-0.90.950.990.921.00.920.831.0-0.270.98-0.890.98
0.97-0.960.970.970.990.980.920.990.90.990.580.92-0.990.990.970.970.920.880.970.9-0.020.93-0.880.93
0.93-0.970.950.920.970.940.860.990.880.960.660.9-0.970.970.920.960.850.830.970.820.060.86-0.850.86
0.94-0.780.970.940.930.940.930.90.880.90.240.76-0.860.950.940.970.940.870.790.92-0.320.88-0.920.89
0.99-0.930.960.980.990.980.950.990.960.90.530.89-0.980.970.990.950.950.920.950.93-0.080.95-0.890.96
0.4-0.730.40.390.50.430.270.580.660.240.530.56-0.580.470.390.440.250.310.760.210.690.29-0.220.29
0.87-0.950.870.860.860.90.80.920.90.760.890.56-0.960.90.860.830.80.670.870.770.080.87-0.780.85
-0.960.98-0.95-0.95-0.96-0.97-0.9-0.99-0.97-0.86-0.98-0.58-0.96-0.97-0.95-0.93-0.9-0.83-0.95-0.88-0.01-0.930.86-0.93
0.98-0.931.00.980.980.990.950.990.970.950.970.470.9-0.970.980.980.940.870.920.92-0.10.93-0.90.93
1.0-0.880.981.00.990.990.990.970.920.940.990.390.86-0.950.980.960.990.920.90.98-0.190.97-0.910.98
0.96-0.880.980.950.980.960.920.970.960.970.950.440.83-0.930.980.960.920.90.90.89-0.170.89-0.920.9
0.99-0.80.960.990.950.971.00.920.850.940.950.250.8-0.90.940.990.920.920.821.0-0.290.98-0.90.98
0.92-0.750.880.920.930.860.920.880.830.870.920.310.67-0.830.870.920.90.920.810.91-0.390.91-0.920.93
0.9-0.970.890.890.940.910.830.970.970.790.950.760.87-0.950.920.90.90.820.810.790.20.82-0.750.83
0.97-0.760.940.980.930.951.00.90.820.920.930.210.77-0.880.920.980.891.00.910.79-0.320.97-0.880.97
-0.18-0.17-0.16-0.19-0.13-0.1-0.27-0.020.06-0.32-0.080.690.08-0.01-0.1-0.19-0.17-0.29-0.390.2-0.32-0.290.48-0.31
0.97-0.840.940.980.940.950.980.930.860.880.950.290.87-0.930.930.970.890.980.910.820.97-0.29-0.921.0
-0.910.78-0.91-0.9-0.91-0.88-0.89-0.88-0.85-0.92-0.89-0.22-0.780.86-0.9-0.91-0.92-0.9-0.92-0.75-0.880.48-0.92-0.93
0.98-0.840.940.980.950.950.980.930.860.890.960.290.85-0.930.930.980.90.980.930.830.97-0.311.0-0.93
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Kontour Medical Account Relationship Matchups

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Other Information on Investing in Kontour Stock

Balance Sheet is a snapshot of the financial position of Kontour Medical Tech at a specified time, usually calculated after every quarter, six months, or one year. Kontour Medical Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Kontour Medical and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Kontour currently owns. An asset can also be divided into two categories, current and non-current.