Amarin Cash vs Net Debt Analysis

AMRN Stock

USD 0.55 0.03 5.77%

Amarin PLC financial indicator trend analysis is way more than just evaluating Amarin PLC prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Amarin PLC is a good investment. Please check the relationship between Amarin PLC Cash and its Net Debt accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Amarin PLC. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

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

Cash vs Net Debt

Cash vs Net Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Amarin PLC Cash account and Net Debt. At this time, the significance of the direction appears to have pay attention.

The correlation between Amarin PLC's Cash and Net Debt is -0.81. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Net Debt in the same time period over historical financial statements of Amarin PLC, assuming nothing else is changed. The correlation between historical values of Amarin PLC's Cash and Net Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash of Amarin PLC are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Cash i.e., Amarin PLC's Cash and Net Debt go up and down completely randomly.

Correlation Coefficient

-0.81

Relationship Direction	Negative
Relationship Strength	Significant

View All Relationships

Cash

Cash refers to the most liquid asset of Amarin PLC, which is listed under current asset account on Amarin PLC balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Amarin PLC customers. The amounts must be unrestricted with restricted cash listed in a different Amarin PLC 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.

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.

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

To learn how to invest in Amarin Stock, please use our How to Invest in Amarin PLC guide.As of the 23rd of November 2024, Enterprise Value is likely to grow to about 1.6 B, while Selling General Administrative is likely to drop about 68.4 M.

	2021	2022	2023	2024 (projected)
Interest Expense	129K	15K	8K	7.6K
Depreciation And Amortization	2.9M	3.1M	3.0M	1.6M

Interest Expense Depreciation And Amortization

Amarin PLC fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Intangible Assets	Common Stock Total Equity	Common Stock
Total Assets		-0.55	0.96	0.96	0.98	0.94	-0.74	-0.73	0.92	0.5	0.81	0.67	0.89	0.96	0.9	-0.58	0.9	0.82	0.93	0.54	0.87	0.99	0.59	0.83	0.85	0.86
Short Long Term Debt Total	-0.55		-0.65	-0.6	-0.69	-0.64	0.61	0.19	-0.55	-0.04	-0.46	-0.48	-0.36	-0.66	-0.46	0.93	-0.62	-0.51	-0.46	0.27	-0.65	-0.54	-0.31	-0.5	-0.42	-0.41
Other Current Liab	0.96	-0.65		0.99	0.95	0.9	-0.64	-0.76	0.92	0.3	0.84	0.73	0.75	0.99	0.93	-0.7	0.95	0.79	0.93	0.43	0.91	0.94	0.56	0.8	0.89	0.89
Total Current Liabilities	0.96	-0.6	0.99		0.95	0.89	-0.67	-0.79	0.95	0.38	0.8	0.66	0.8	0.99	0.93	-0.67	0.9	0.83	0.94	0.5	0.85	0.95	0.64	0.77	0.89	0.9
Total Stockholder Equity	0.98	-0.69	0.95	0.95		0.97	-0.8	-0.64	0.88	0.47	0.78	0.67	0.85	0.97	0.85	-0.73	0.89	0.8	0.89	0.36	0.89	0.97	0.53	0.82	0.81	0.81
Property Plant And Equipment Net	0.94	-0.64	0.9	0.89	0.97		-0.78	-0.57	0.82	0.49	0.75	0.64	0.84	0.92	0.78	-0.68	0.84	0.79	0.84	0.34	0.87	0.94	0.47	0.81	0.73	0.73
Net Debt	-0.74	0.61	-0.64	-0.67	-0.8	-0.78		0.44	-0.57	-0.81	-0.35	-0.32	-0.85	-0.69	-0.59	0.64	-0.5	-0.49	-0.65	-0.17	-0.46	-0.78	-0.31	-0.55	-0.57	-0.58
Retained Earnings	-0.73	0.19	-0.76	-0.79	-0.64	-0.57	0.44		-0.65	-0.39	-0.57	-0.48	-0.62	-0.75	-0.93	0.3	-0.69	-0.54	-0.92	-0.62	-0.54	-0.73	-0.33	-0.49	-0.95	-0.96
Accounts Payable	0.92	-0.55	0.92	0.95	0.88	0.82	-0.57	-0.65		0.31	0.78	0.59	0.78	0.93	0.82	-0.57	0.81	0.92	0.83	0.59	0.82	0.9	0.81	0.75	0.75	0.78
Cash	0.5	-0.04	0.3	0.38	0.47	0.49	-0.81	-0.39	0.31		0.09	0.03	0.8	0.36	0.38	-0.12	0.13	0.28	0.45	0.43	0.06	0.56	0.19	0.33	0.36	0.4
Non Current Assets Total	0.81	-0.46	0.84	0.8	0.78	0.75	-0.35	-0.57	0.78	0.09		0.94	0.5	0.79	0.74	-0.45	0.88	0.71	0.74	0.49	0.87	0.74	0.46	0.91	0.67	0.68
Non Currrent Assets Other	0.67	-0.48	0.73	0.66	0.67	0.64	-0.32	-0.48	0.59	0.03	0.94		0.33	0.67	0.64	-0.45	0.81	0.48	0.63	0.29	0.77	0.59	0.2	0.87	0.58	0.59
Cash And Short Term Investments	0.89	-0.36	0.75	0.8	0.85	0.84	-0.85	-0.62	0.78	0.8	0.5	0.33		0.79	0.73	-0.41	0.61	0.72	0.79	0.57	0.59	0.93	0.58	0.63	0.7	0.72
Net Receivables	0.96	-0.66	0.99	0.99	0.97	0.92	-0.69	-0.75	0.93	0.36	0.79	0.67	0.79		0.92	-0.72	0.92	0.82	0.94	0.42	0.89	0.96	0.58	0.77	0.88	0.88
Common Stock Shares Outstanding	0.9	-0.46	0.93	0.93	0.85	0.78	-0.59	-0.93	0.82	0.38	0.74	0.64	0.73	0.92		-0.53	0.88	0.68	0.99	0.53	0.77	0.89	0.44	0.67	0.99	0.99
Non Current Liabilities Total	-0.58	0.93	-0.7	-0.67	-0.73	-0.68	0.64	0.3	-0.57	-0.12	-0.45	-0.45	-0.41	-0.72	-0.53		-0.62	-0.52	-0.55	0.25	-0.64	-0.58	-0.3	-0.47	-0.5	-0.49
Inventory	0.9	-0.62	0.95	0.9	0.89	0.84	-0.5	-0.69	0.81	0.13	0.88	0.81	0.61	0.92	0.88	-0.62		0.68	0.88	0.35	0.96	0.86	0.4	0.81	0.85	0.83
Other Current Assets	0.82	-0.51	0.79	0.83	0.8	0.79	-0.49	-0.54	0.92	0.28	0.71	0.48	0.72	0.82	0.68	-0.52	0.68		0.71	0.56	0.76	0.81	0.81	0.7	0.61	0.65
Other Stockholder Equity	0.93	-0.46	0.93	0.94	0.89	0.84	-0.65	-0.92	0.83	0.45	0.74	0.63	0.79	0.94	0.99	-0.55	0.88	0.71		0.53	0.79	0.93	0.45	0.7	0.98	0.98
Total Liab	0.54	0.27	0.43	0.5	0.36	0.34	-0.17	-0.62	0.59	0.43	0.49	0.29	0.57	0.42	0.53	0.25	0.35	0.56	0.53		0.29	0.53	0.58	0.51	0.49	0.53
Property Plant And Equipment Gross	0.87	-0.65	0.91	0.85	0.89	0.87	-0.46	-0.54	0.82	0.06	0.87	0.77	0.59	0.89	0.77	-0.64	0.96	0.76	0.79	0.29		0.83	0.44	0.8	0.73	0.71
Total Current Assets	0.99	-0.54	0.94	0.95	0.97	0.94	-0.78	-0.73	0.9	0.56	0.74	0.59	0.93	0.96	0.89	-0.58	0.86	0.81	0.93	0.53	0.83		0.59	0.78	0.85	0.86
Short Term Debt	0.59	-0.31	0.56	0.64	0.53	0.47	-0.31	-0.33	0.81	0.19	0.46	0.2	0.58	0.58	0.44	-0.3	0.4	0.81	0.45	0.58	0.44	0.59		0.47	0.37	0.42
Intangible Assets	0.83	-0.5	0.8	0.77	0.82	0.81	-0.55	-0.49	0.75	0.33	0.91	0.87	0.63	0.77	0.67	-0.47	0.81	0.7	0.7	0.51	0.8	0.78	0.47		0.6	0.61
Common Stock Total Equity	0.85	-0.42	0.89	0.89	0.81	0.73	-0.57	-0.95	0.75	0.36	0.67	0.58	0.7	0.88	0.99	-0.5	0.85	0.61	0.98	0.49	0.73	0.85	0.37	0.6		0.99
Common Stock	0.86	-0.41	0.89	0.9	0.81	0.73	-0.58	-0.96	0.78	0.4	0.68	0.59	0.72	0.88	0.99	-0.49	0.83	0.65	0.98	0.53	0.71	0.86	0.42	0.61	0.99

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Amarin PLC Account Relationship Matchups

Amarin PLC fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	882.2M	966.0M	1.1B	886.2M	831.7M	873.3M
Short Long Term Debt Total	59.6M	9.2M	8.6M	10.0M	8.7M	8.3M
Other Current Liab	139.8M	198.6M	253.1M	192.7M	204.2M	214.4M
Total Current Liabilities	242.2M	307.4M	370.7M	259.5M	259.3M	272.2M
Total Stockholder Equity	608.3M	627.5M	667.1M	595.3M	552.1M	579.7M
Property Plant And Equipment Net	10.9M	10.1M	9.1M	9.9M	8.4M	8.8M
Net Debt	(585.0M)	(177.8M)	(210.9M)	(207.7M)	(190.5M)	(181.0M)
Retained Earnings	(1.4B)	(1.4B)	(1.4B)	(1.5B)	(1.6B)	(1.5B)
Accounts Payable	50.0M	105.9M	114.9M	64.6M	52.8M	55.4M
Cash	644.6M	187.0M	219.5M	217.7M	199.3M	107.5M
Non Current Assets Total	27.2M	86.8M	189.3M	197.1M	106.7M	112.0M
Non Currrent Assets Other	1.1M	432K	121.7M	164.1M	79.0M	82.9M
Cash And Short Term Investments	644.6M	500.9M	454.1M	309.4M	320.7M	336.7M
Net Receivables	116.4M	154.6M	163.7M	131.0M	133.6M	140.2M
Common Stock Shares Outstanding	342.5M	381.8M	402.5M	401.2M	407.7M	428.0M
Liabilities And Stockholders Equity	882.2M	966.0M	1.1B	886.2M	831.7M	873.3M
Non Current Liabilities Total	31.7M	31.1M	30.3M	31.4M	20.3M	19.3M
Inventory	76.8M	188.9M	234.7M	228.7M	258.6M	271.5M
Other Current Assets	13.3M	34.9M	26.3M	20.0M	12.1M	6.6M
Other Stockholder Equity	1.7B	1.8B	1.8B	1.8B	1.8B	1.9B
Total Liab	273.9M	338.5M	401.0M	290.8M	279.6M	152.6M
Property Plant And Equipment Gross	2.4M	10.1M	9.1M	9.9M	9.8M	10.3M
Total Current Assets	855.0M	879.2M	878.7M	689.1M	725.0M	761.2M
Short Term Debt	50.1M	169.9M	207.5M	10.0M	11.5M	11.0M
Intangible Assets	15.3M	13.8M	23.5M	21.8M	19.3M	13.5M
Common Stock Total Equity	208.8M	246.7M	269.2M	290.1M	333.6M	350.3M
Common Stock	269.2M	290.1M	294.0M	299.0M	302.8M	317.9M
Other Liab	22.3M	21.9M	21.7M	21.4M	24.6M	32.0M
Current Deferred Revenue	2.3M	2.9M	2.6M	2.2M	2.3M	3.5M
Other Assets	1.1M	73.0M	121.7M	164.1M	188.7M	198.1M
Property Plant Equipment	10.9M	10.1M	9.1M	9.9M	11.4M	12.0M
Net Tangible Assets	571.2M	613.7M	643.6M	573.6M	659.6M	692.6M

Pair Trading with Amarin PLC

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

Moving together with Amarin Stock

0.61	A	Agilent Technologies Earnings Call This Week	Pair Corr
0.71	ME	23Andme Holding	Pair Corr
0.75	VALN	Valneva SE ADR	Pair Corr
0.66	JNJ	Johnson Johnson Sell-off Trend	Pair Corr

Moving against Amarin Stock

0.48	RNXT	RenovoRx	Pair Corr
0.41	MDGL	Madrigal Pharmaceuticals	Pair Corr

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

The correlation of Amarin PLC 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 Amarin PLC moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Amarin PLC 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 Amarin PLC 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 Amarin PLC offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Amarin PLC'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 Amarin Plc Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Amarin Plc Stock:

How To Invest In Amarin

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Is Amarin Stock a good investment?

Details

What is Amarin PLC's Net Worth?

Details

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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Amarin PLC. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

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

You can also try the Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.

Is Biotechnology 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 Amarin PLC. If investors know Amarin 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 Amarin PLC 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

(0.94)

Earnings Share

(0.10)

Revenue Per Share

0.588

Quarterly Revenue Growth

(0.36)

Return On Assets

(0.03)

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

Cash vs Net Debt

Cash vs Net Debt Correlation Analysis

Correlation Coefficient

Cash

Net Debt

Amarin PLC fundamental ratios Correlations

Amarin PLC Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Amarin PLC fundamental ratios Accounts

Pair Trading with Amarin PLC

Moving together with Amarin Stock

Moving against Amarin Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Current Assets	+ 0.99	Total Assets
Total Current Liabilities	+ 0.99	Other Current Liab
Net Receivables	+ 0.99	Other Current Liab
Net Receivables	+ 0.99	Total Current Liabilities
Other Stockholder Equity	+ 0.99	Common Stock Shares Outstanding
Common Stock Total Equity	+ 0.99	Common Stock Shares Outstanding

Common Stock	- 0.96	Retained Earnings
Common Stock Total Equity	- 0.95	Retained Earnings
Common Stock Shares Outstanding	- 0.93	Retained Earnings
Other Stockholder Equity	- 0.92	Retained Earnings
Cash And Short Term Investments	- 0.85	Net Debt
Cash	- 0.81	Net Debt