BioAffinity Long Term Debt vs Property Plant And Equipment Gross Analysis

BIAFW Stock

USD 0.57 0.13 18.57%

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

Long Term Debt vs Property Plant And Equipment Gross

Long Term Debt vs Property Plant And Equipment Gross Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of BioAffinity Technologies Long Term Debt account and Property Plant And Equipment Gross. At this time, the significance of the direction appears to have strong relationship.

The correlation between BioAffinity Technologies' Long Term Debt and Property Plant And Equipment Gross is 0.62. Overlapping area represents the amount of variation of Long Term Debt that can explain the historical movement of Property Plant And Equipment Gross in the same time period over historical financial statements of bioAffinity Technologies Warrant, assuming nothing else is changed. The correlation between historical values of BioAffinity Technologies' Long Term Debt and Property Plant And Equipment Gross is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Long Term Debt of bioAffinity Technologies Warrant are associated (or correlated) with its Property Plant And Equipment Gross. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Property Plant And Equipment Gross has no effect on the direction of Long Term Debt i.e., BioAffinity Technologies' Long Term Debt and Property Plant And Equipment Gross go up and down completely randomly.

Correlation Coefficient

0.62

Relationship Direction	Positive
Relationship Strength	Significant

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Long Term Debt

Long-term debt is a debt that BioAffinity Technologies has held for over one year. Long-term debt appears on bioAffinity Technologies Warrant balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on bioAffinity Technologies Warrant balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.

Property Plant And Equipment Gross

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

At this time, BioAffinity Technologies' Tax Provision is fairly stable compared to the past year. Selling General Administrative is likely to climb to about 7.1 M in 2024, whereas Issuance Of Capital Stock is likely to drop 0.00 in 2024.

	2021	2022	2023	2024 (projected)
Interest Expense	1.0M	2.5M	37.1K	35.3K
Depreciation And Amortization	4.8K	10.2K	249.6K	262.1K

Interest Expense Depreciation And Amortization

BioAffinity Technologies 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	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Common Stock	Long Term Debt	Non Current Liabilities Total	Inventory	Net Invested Capital	Property Plant And Equipment Gross
Total Assets		-0.55	-0.08	-0.51	0.78	0.56	-0.85	-0.8	0.81	0.92	0.53	-0.47	0.92	0.51	-0.54	1.0	0.97	-0.33	0.95	-0.57	0.95	0.81	-0.98	-0.5	0.98	0.56
Short Long Term Debt Total	-0.55		0.81	1.0	-0.95	-0.43	0.86	0.26	-0.27	-0.49	-0.41	0.37	-0.49	-0.4	0.34	-0.53	-0.5	0.93	-0.51	1.0	-0.56	-0.11	0.6	0.81	-0.57	-0.43
Other Current Liab	-0.08	0.81		0.84	-0.61	-0.01	0.53	-0.27	0.2	-0.09	0.0	0.05	-0.09	0.01	0.11	-0.06	0.0	0.91	-0.08	0.78	-0.09	0.45	0.12	0.83	-0.08	0.0
Total Current Liabilities	-0.51	1.0	0.84		-0.93	-0.42	0.83	0.23	-0.24	-0.45	-0.4	0.34	-0.45	-0.39	0.31	-0.48	-0.46	0.94	-0.46	0.99	-0.52	-0.07	0.56	0.82	-0.53	-0.41
Total Stockholder Equity	0.78	-0.95	-0.61	-0.93		0.55	-0.96	-0.52	0.5	0.72	0.52	-0.49	0.72	0.5	-0.5	0.77	0.73	-0.8	0.74	-0.95	0.76	0.4	-0.81	-0.77	0.8	0.55
Property Plant And Equipment Net	0.56	-0.43	-0.01	-0.42	0.55		-0.39	-0.86	0.81	0.28	1.0	0.05	0.28	1.0	-0.05	0.52	0.69	-0.12	0.35	-0.5	0.73	0.61	-0.7	-0.26	0.65	1.0
Net Debt	-0.85	0.86	0.53	0.83	-0.96	-0.39		0.49	-0.47	-0.86	-0.35	0.62	-0.86	-0.33	0.64	-0.85	-0.75	0.73	-0.87	0.86	-0.76	-0.44	0.83	0.75	-0.85	-0.39
Retained Earnings	-0.8	0.26	-0.27	0.23	-0.52	-0.86	0.49		-0.91	-0.63	-0.85	0.22	-0.63	-0.84	0.35	-0.79	-0.87	-0.08	-0.67	0.32	-0.85	-0.87	0.87	0.17	-0.86	-0.87
Accounts Payable	0.81	-0.27	0.2	-0.24	0.5	0.81	-0.47	-0.91		0.55	0.8	0.01	0.55	0.79	-0.07	0.78	0.93	-0.02	0.62	-0.33	0.93	0.89	-0.87	-0.23	0.8	0.81
Cash	0.92	-0.49	-0.09	-0.45	0.72	0.28	-0.86	-0.63	0.55		0.25	-0.7	1.0	0.23	-0.79	0.95	0.81	-0.31	1.0	-0.49	0.77	0.66	-0.85	-0.47	0.91	0.29
Non Current Assets Total	0.53	-0.41	0.0	-0.4	0.52	1.0	-0.35	-0.85	0.8	0.25		0.08	0.25	1.0	-0.02	0.49	0.67	-0.11	0.31	-0.48	0.7	0.59	-0.68	-0.23	0.62	1.0
Non Currrent Assets Other	-0.47	0.37	0.05	0.34	-0.49	0.05	0.62	0.22	0.01	-0.7	0.08		-0.7	0.09	0.82	-0.5	-0.3	0.29	-0.66	0.35	-0.23	-0.31	0.36	0.07	-0.5	0.05
Cash And Short Term Investments	0.92	-0.49	-0.09	-0.45	0.72	0.28	-0.86	-0.63	0.55	1.0	0.25	-0.7		0.23	-0.79	0.95	0.81	-0.31	1.0	-0.49	0.77	0.66	-0.85	-0.47	0.91	0.29
Net Receivables	0.51	-0.4	0.01	-0.39	0.5	1.0	-0.33	-0.84	0.79	0.23	1.0	0.09	0.23		0.0	0.47	0.65	-0.1	0.29	-0.46	0.69	0.59	-0.66	-0.22	0.6	1.0
Common Stock Shares Outstanding	-0.54	0.34	0.11	0.31	-0.5	-0.05	0.64	0.35	-0.07	-0.79	-0.02	0.82	-0.79	0.0		-0.59	-0.36	0.17	-0.74	0.33	-0.31	-0.24	0.48	0.34	-0.63	-0.06
Other Current Assets	1.0	-0.53	-0.06	-0.48	0.77	0.52	-0.85	-0.79	0.78	0.95	0.49	-0.5	0.95	0.47	-0.59		0.95	-0.31	0.97	-0.55	0.93	0.8	-0.97	-0.5	0.98	0.53
Other Stockholder Equity	0.97	-0.5	0.0	-0.46	0.73	0.69	-0.75	-0.87	0.93	0.81	0.67	-0.3	0.81	0.65	-0.36	0.95		-0.26	0.86	-0.54	0.99	0.87	-0.98	-0.44	0.95	0.7
Total Liab	-0.33	0.93	0.91	0.94	-0.8	-0.12	0.73	-0.08	-0.02	-0.31	-0.11	0.29	-0.31	-0.1	0.17	-0.31	-0.26		-0.32	0.91	-0.32	0.12	0.34	0.77	-0.3	-0.12
Total Current Assets	0.95	-0.51	-0.08	-0.46	0.74	0.35	-0.87	-0.67	0.62	1.0	0.31	-0.66	1.0	0.29	-0.74	0.97	0.86	-0.32		-0.52	0.82	0.7	-0.89	-0.48	0.94	0.36
Short Term Debt	-0.57	1.0	0.78	0.99	-0.95	-0.5	0.86	0.32	-0.33	-0.49	-0.48	0.35	-0.49	-0.46	0.33	-0.55	-0.54	0.91	-0.52		-0.6	-0.16	0.63	0.8	-0.6	-0.49
Common Stock	0.95	-0.56	-0.09	-0.52	0.76	0.73	-0.76	-0.85	0.93	0.77	0.7	-0.23	0.77	0.69	-0.31	0.93	0.99	-0.32	0.82	-0.6		0.83	-0.98	-0.51	0.93	0.73
Long Term Debt	0.81	-0.11	0.45	-0.07	0.4	0.61	-0.44	-0.87	0.89	0.66	0.59	-0.31	0.66	0.59	-0.24	0.8	0.87	0.12	0.7	-0.16	0.83		-0.79	0.05	0.78	0.62
Non Current Liabilities Total	-0.98	0.6	0.12	0.56	-0.81	-0.7	0.83	0.87	-0.87	-0.85	-0.68	0.36	-0.85	-0.66	0.48	-0.97	-0.98	0.34	-0.89	0.63	-0.98	-0.79		0.55	-0.98	-0.71
Inventory	-0.5	0.81	0.83	0.82	-0.77	-0.26	0.75	0.17	-0.23	-0.47	-0.23	0.07	-0.47	-0.22	0.34	-0.5	-0.44	0.77	-0.48	0.8	-0.51	0.05	0.55		-0.51	-0.25
Net Invested Capital	0.98	-0.57	-0.08	-0.53	0.8	0.65	-0.85	-0.86	0.8	0.91	0.62	-0.5	0.91	0.6	-0.63	0.98	0.95	-0.3	0.94	-0.6	0.93	0.78	-0.98	-0.51		0.65
Property Plant And Equipment Gross	0.56	-0.43	0.0	-0.41	0.55	1.0	-0.39	-0.87	0.81	0.29	1.0	0.05	0.29	1.0	-0.06	0.53	0.7	-0.12	0.36	-0.49	0.73	0.62	-0.71	-0.25	0.65

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BioAffinity Long Term Debt vs Property Plant And Equipment Gross Analysis

Long Term Debt vs Property Plant And Equipment Gross

Long Term Debt vs Property Plant And Equipment Gross Correlation Analysis

Correlation Coefficient

Long Term Debt

Property Plant And Equipment Gross

BioAffinity Technologies fundamental ratios Correlations

BioAffinity Technologies Account Relationship Matchups

High Positive Relationship

High Negative Relationship

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Other Current Assets	+ 1.0	Total Assets
Total Current Liabilities	+ 1.0	Short Long Term Debt Total
Short Term Debt	+ 1.0	Short Long Term Debt Total
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Net Receivables	+ 1.0	Property Plant And Equipment Net
Property Plant And Equipment Gross	+ 1.0	Property Plant And Equipment Net

Net Invested Capital	- 0.98	Non Current Liabilities Total
Non Current Liabilities Total	- 0.98	Common Stock
Non Current Liabilities Total	- 0.98	Other Stockholder Equity
Non Current Liabilities Total	- 0.98	Total Assets
Non Current Liabilities Total	- 0.97	Other Current Assets
Net Debt	- 0.96	Total Stockholder Equity