Bio Intangible Assets vs Net Debt Analysis

BGT Stock

0.04 0 2.33%

Bio Gene financial indicator trend analysis is way more than just evaluating Bio Gene Technology prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Bio Gene Technology is a good investment. Please check the relationship between Bio Gene Intangible Assets and its Net Debt accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Bio Gene 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 Net Debt

Intangible Assets vs Net Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Bio Gene Technology Intangible Assets account and Net Debt. At this time, the significance of the direction appears to have strong contrarian relationship.

The correlation between Bio Gene's Intangible Assets and Net Debt is -0.63. Overlapping area represents the amount of variation of Intangible Assets that can explain the historical movement of Net Debt in the same time period over historical financial statements of Bio Gene Technology, assuming nothing else is changed. The correlation between historical values of Bio Gene's Intangible Assets 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 Intangible Assets of Bio Gene Technology 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 Intangible Assets i.e., Bio Gene's Intangible Assets and Net Debt go up and down completely randomly.

Correlation Coefficient

-0.63

Relationship Direction	Negative
Relationship Strength	Weak

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Intangible Assets

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

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 Bio Gene's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Bio Gene Technology 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 Bio Gene 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.

Selling General Administrative is likely to gain to about 1.5 M in 2024, whereas Issuance Of Capital Stock is likely to drop slightly above 2.2 M in 2024.

	2021	2022	2023	2024 (projected)
Reconciled Depreciation	43.5K	45.3K	38.4K	37.4K
Interest Income	52.9K	86.0K	87.0K	60.7K

Reconciled Depreciation Interest Income

Bio Gene fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Tangible Assets	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Common Stock Shares Outstanding	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Intangible Assets	Common Stock	Property Plant Equipment	Net Receivables	Other Liab	Accounts Payable	Non Current Liabilities Total	Inventory	Short Long Term Debt Total
Total Assets		0.83	0.75	1.0	0.73	0.81	-0.98	-0.43	1.0	0.65	-0.33	1.0	0.54	0.34	0.69	0.75	1.0	0.63	0.71	0.81	0.65	-0.74	0.94	-0.75	0.69	0.13
Other Current Liab	0.83		0.97	0.8	0.81	0.55	-0.79	-0.71	0.81	0.36	-0.1	0.81	0.73	0.56	0.86	0.89	0.84	0.34	0.87	0.54	0.77	-0.88	0.83	-0.88	0.85	0.13
Total Current Liabilities	0.75	0.97		0.71	0.86	0.55	-0.71	-0.73	0.72	0.3	-0.08	0.72	0.7	0.48	0.9	0.92	0.76	0.28	0.85	0.55	0.82	-0.85	0.76	-0.85	0.91	0.14
Total Stockholder Equity	1.0	0.8	0.71		0.7	0.8	-0.99	-0.4	1.0	0.64	-0.33	1.0	0.51	0.3	0.65	0.71	1.0	0.62	0.69	0.8	0.61	-0.72	0.94	-0.72	0.65	0.13
Net Tangible Assets	0.73	0.81	0.86	0.7		0.62	-0.69	-0.8	0.69	0.31	0.05	0.69	0.8	0.37	0.9	0.78	0.73	0.27	0.94	0.6	0.9	-0.91	0.69	-0.91	0.92	0.43
Property Plant And Equipment Net	0.81	0.55	0.55	0.8	0.62		-0.77	-0.3	0.79	0.88	-0.44	0.79	0.46	0.3	0.6	0.67	0.8	0.86	0.51	1.0	0.68	-0.54	0.69	-0.55	0.61	0.21
Net Debt	-0.98	-0.79	-0.71	-0.99	-0.69	-0.77		0.32	-0.99	-0.65	0.43	-0.99	-0.47	-0.28	-0.63	-0.7	-0.98	-0.63	-0.66	-0.77	-0.57	0.66	-0.97	0.67	-0.62	-0.01
Retained Earnings	-0.43	-0.71	-0.73	-0.4	-0.8	-0.3	0.32		-0.39	0.0	-0.48	-0.39	-0.88	-0.57	-0.84	-0.63	-0.44	0.02	-0.89	-0.28	-0.83	0.91	-0.33	0.91	-0.84	-0.66
Cash	1.0	0.81	0.72	1.0	0.69	0.79	-0.99	-0.39		0.63	-0.34	1.0	0.5	0.3	0.64	0.71	1.0	0.61	0.68	0.79	0.59	-0.71	0.95	-0.72	0.64	0.1
Non Current Assets Total	0.65	0.36	0.3	0.64	0.31	0.88	-0.65	0.0	0.63		-0.7	0.63	0.31	0.37	0.31	0.47	0.63	1.0	0.25	0.88	0.43	-0.26	0.59	-0.26	0.28	-0.11
Non Currrent Assets Other	-0.33	-0.1	-0.08	-0.33	0.05	-0.44	0.43	-0.48	-0.34	-0.7		-0.34	0.18	0.02	0.04	-0.21	-0.32	-0.71	0.13	-0.46	0.01	-0.21	-0.47	-0.22	0.08	0.72
Cash And Short Term Investments	1.0	0.81	0.72	1.0	0.69	0.79	-0.99	-0.39	1.0	0.63	-0.34		0.5	0.3	0.64	0.71	1.0	0.61	0.68	0.79	0.59	-0.71	0.95	-0.72	0.64	0.1
Common Stock Shares Outstanding	0.54	0.73	0.7	0.51	0.8	0.46	-0.47	-0.88	0.5	0.31	0.18	0.5		0.79	0.85	0.71	0.54	0.3	0.91	0.43	0.85	-0.88	0.48	-0.88	0.76	0.51
Other Current Assets	0.34	0.56	0.48	0.3	0.37	0.3	-0.28	-0.57	0.3	0.37	0.02	0.3	0.79		0.6	0.57	0.33	0.37	0.57	0.28	0.56	-0.53	0.29	-0.53	0.42	0.25
Other Stockholder Equity	0.69	0.86	0.9	0.65	0.9	0.6	-0.63	-0.84	0.64	0.31	0.04	0.64	0.85	0.6		0.9	0.69	0.28	0.93	0.58	0.93	-0.88	0.64	-0.89	0.94	0.42
Total Liab	0.75	0.89	0.92	0.71	0.78	0.67	-0.7	-0.63	0.71	0.47	-0.21	0.71	0.71	0.57	0.9		0.75	0.45	0.76	0.67	0.81	-0.76	0.73	-0.76	0.85	0.1
Total Current Assets	1.0	0.84	0.76	1.0	0.73	0.8	-0.98	-0.44	1.0	0.63	-0.32	1.0	0.54	0.33	0.69	0.75		0.61	0.72	0.8	0.65	-0.75	0.95	-0.76	0.7	0.13
Intangible Assets	0.63	0.34	0.28	0.62	0.27	0.86	-0.63	0.02	0.61	1.0	-0.71	0.61	0.3	0.37	0.28	0.45	0.61		0.23	0.86	0.4	-0.23	0.57	-0.24	0.25	-0.13
Common Stock	0.71	0.87	0.85	0.69	0.94	0.51	-0.66	-0.89	0.68	0.25	0.13	0.68	0.91	0.57	0.93	0.76	0.72	0.23		0.49	0.9	-0.96	0.67	-0.96	0.9	0.47
Property Plant Equipment	0.81	0.54	0.55	0.8	0.6	1.0	-0.77	-0.28	0.79	0.88	-0.46	0.79	0.43	0.28	0.58	0.67	0.8	0.86	0.49		0.66	-0.52	0.69	-0.53	0.6	0.18
Net Receivables	0.65	0.77	0.82	0.61	0.9	0.68	-0.57	-0.83	0.59	0.43	0.01	0.59	0.85	0.56	0.93	0.81	0.65	0.4	0.9	0.66		-0.86	0.54	-0.86	0.95	0.46
Other Liab	-0.74	-0.88	-0.85	-0.72	-0.91	-0.54	0.66	0.91	-0.71	-0.26	-0.21	-0.71	-0.88	-0.53	-0.88	-0.76	-0.75	-0.23	-0.96	-0.52	-0.86		-0.66	1.0	-0.89	-0.51
Accounts Payable	0.94	0.83	0.76	0.94	0.69	0.69	-0.97	-0.33	0.95	0.59	-0.47	0.95	0.48	0.29	0.64	0.73	0.95	0.57	0.67	0.69	0.54	-0.66		-0.67	0.6	-0.1
Non Current Liabilities Total	-0.75	-0.88	-0.85	-0.72	-0.91	-0.55	0.67	0.91	-0.72	-0.26	-0.22	-0.72	-0.88	-0.53	-0.89	-0.76	-0.76	-0.24	-0.96	-0.53	-0.86	1.0	-0.67		-0.89	-0.52
Inventory	0.69	0.85	0.91	0.65	0.92	0.61	-0.62	-0.84	0.64	0.28	0.08	0.64	0.76	0.42	0.94	0.85	0.7	0.25	0.9	0.6	0.95	-0.89	0.6	-0.89		0.41
Short Long Term Debt Total	0.13	0.13	0.14	0.13	0.43	0.21	-0.01	-0.66	0.1	-0.11	0.72	0.1	0.51	0.25	0.42	0.1	0.13	-0.13	0.47	0.18	0.46	-0.51	-0.1	-0.52	0.41

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Bio Gene Account Relationship Matchups

Bio Gene fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	6.6M	5.0M	7.3M	3.8M	3.2M	5.0M
Other Current Liab	266.4K	504.6K	790.2K	455.2K	298.7K	384.0K
Total Current Liabilities	412.0K	592.7K	1.0M	573.9K	345.9K	466.3K
Total Stockholder Equity	6.0M	4.2M	6.3M	3.2M	2.8M	4.5M
Net Tangible Assets	4.6M	5.7M	3.9M	6.0M	6.9M	3.6M
Property Plant And Equipment Net	37.0K	22.7K	23.0K	14.6K	19.0K	26.0K
Net Debt	(5.5M)	(3.9M)	(6.3M)	(3.0M)	(2.2M)	(2.3M)
Retained Earnings	(9.5M)	(11.7M)	(14.5M)	(17.4M)	(19.6M)	(18.7M)
Cash	5.5M	3.9M	6.3M	3.0M	2.2M	4.1M
Non Current Assets Total	387.9K	336.7K	300.1K	254.8K	222.2K	271.5K
Non Currrent Assets Other	(387.9K)	(336.7K)	(300.1K)	(254.8K)	203.2K	213.3K
Cash And Short Term Investments	5.5M	3.9M	6.3M	3.0M	2.2M	4.1M
Common Stock Shares Outstanding	119.4M	137.2M	153.3M	167.8M	185.8M	141.8M
Liabilities And Stockholders Equity	6.6M	5.0M	7.3M	3.8M	3.2M	5.0M
Other Stockholder Equity	950.0K	863.3K	1.2M	818.5K	941.2K	715.1K
Total Liab	567.3K	754.6K	1.0M	613.9K	368.4K	601.7K
Total Current Assets	6.2M	4.7M	7.0M	3.6M	2.9M	4.6M
Accumulated Other Comprehensive Income	950.0K	863.3K	1.2M	1.1M	907.0K	743.2K
Intangible Assets	351.0K	314.0K	277.1K	240.1K	203.2K	252.5K
Common Stock	11.8M	14.5M	15.1M	19.5M	21.5M	13.0M
Property Plant Equipment	37.0K	22.7K	23.0K	14.6K	16.8K	26.6K
Net Receivables	483.0K	523.8K	438.2K	445.6K	524.0K	401.8K
Accounts Payable	134.0K	88.1K	219.0K	118.7K	47.2K	44.9K
Non Current Liabilities Total	155.3K	161.9K	25.5K	40.0K	22.5K	21.4K
Inventory	102.6K	132.9K	148.8K	70.2K	80.7K	84.8K
Short Term Investments	4.3M	5.3M	74.2K	1.5M	1.4M	2.6M
Net Invested Capital	6.0M	4.2M	6.3M	3.2M	2.8M	4.4M
Property Plant And Equipment Gross	32.7K	37.0K	52.2K	50.5K	56.2K	47.9K
Net Working Capital	5.8M	4.1M	6.0M	3.0M	2.6M	4.1M

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