Burning Cash vs Total Assets Analysis

BNR Stock

USD 2.84 0.11 3.73%

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

Cash vs Total Assets

Cash vs Total Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Burning Rock Biotech Cash account and Total Assets. At this time, the significance of the direction appears to have totally related.

The correlation between Burning Rock's Cash and Total Assets is 0.99. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Total Assets in the same time period over historical financial statements of Burning Rock Biotech, assuming nothing else is changed. The correlation between historical values of Burning Rock's Cash and Total Assets 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 Burning Rock Biotech are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Cash i.e., Burning Rock's Cash and Total Assets go up and down completely randomly.

Correlation Coefficient

0.99

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Cash

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

Total Assets

Total assets refers to the total amount of Burning Rock assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Burning Rock Biotech books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

Most indicators from Burning Rock's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Burning Rock Biotech 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 Burning Rock Biotech. 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.

At this time, Burning Rock's Tax Provision is relatively stable compared to the past year. As of 04/26/2025, Enterprise Value Multiple is likely to grow to 0.97, while Selling General Administrative is likely to drop slightly above 327.9 M.

	2022	2023	2024	2025 (projected)
Depreciation And Amortization	124.1M	133.4M	153.4M	161.1M
Interest Income	9.5M	15.3M	17.5M	10.0M

Depreciation And Amortization Interest Income

Burning Rock 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	Short Term Investments	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Intangible Assets	Common Stock	Other Liab
Total Assets		-0.7	0.71	0.74	0.87	0.73	-0.99	-0.6	0.83	0.99	0.72	0.89	0.98	0.73	-0.75	0.12	-0.23	0.8	-0.17	0.75	-0.02	0.99	0.01	0.82	0.84	0.5
Short Long Term Debt Total	-0.7		-0.7	-0.59	-0.57	-0.55	0.69	0.86	-0.47	-0.66	-0.52	-0.55	-0.64	-0.87	0.65	0.09	0.17	-0.68	0.41	-0.82	0.02	-0.69	0.44	-0.37	-0.83	-0.35
Other Current Liab	0.71	-0.7		0.81	0.68	0.89	-0.7	-0.79	0.85	0.69	0.86	0.78	0.6	0.85	-0.7	-0.42	-0.38	0.9	-0.09	0.81	-0.14	0.65	-0.18	0.4	0.84	0.64
Total Current Liabilities	0.74	-0.59	0.81		0.53	0.84	-0.71	-0.82	0.79	0.72	0.77	0.83	0.63	0.85	-0.91	-0.43	-0.1	0.96	-0.52	0.77	0.18	0.69	0.33	0.49	0.84	0.62
Total Stockholder Equity	0.87	-0.57	0.68	0.53		0.63	-0.92	-0.51	0.76	0.92	0.6	0.72	0.89	0.61	-0.65	0.0	-0.65	0.59	0.14	0.77	-0.49	0.87	-0.23	0.77	0.8	0.48
Property Plant And Equipment Net	0.73	-0.55	0.89	0.84	0.63		-0.7	-0.68	0.94	0.69	0.99	0.94	0.61	0.78	-0.68	-0.41	-0.24	0.92	-0.23	0.71	0.01	0.66	-0.01	0.66	0.75	0.88
Net Debt	-0.99	0.69	-0.7	-0.71	-0.92	-0.7		0.61	-0.8	-1.0	-0.67	-0.85	-0.98	-0.73	0.76	-0.11	0.32	-0.77	0.12	-0.77	0.11	-0.99	0.01	-0.8	-0.86	-0.47
Retained Earnings	-0.6	0.86	-0.79	-0.82	-0.51	-0.68	0.61		-0.55	-0.6	-0.61	-0.59	-0.5	-0.94	0.87	0.53	0.29	-0.81	0.57	-0.92	0.07	-0.57	0.15	-0.3	-0.89	-0.53
Accounts Payable	0.83	-0.47	0.85	0.79	0.76	0.94	-0.8	-0.55		0.81	0.94	0.96	0.75	0.66	-0.66	-0.23	-0.32	0.87	-0.03	0.68	-0.08	0.78	0.06	0.74	0.72	0.76
Cash	0.99	-0.66	0.69	0.72	0.92	0.69	-1.0	-0.6	0.81		0.66	0.85	0.99	0.71	-0.78	0.08	-0.34	0.76	-0.14	0.78	-0.13	0.99	0.02	0.82	0.85	0.48
Non Current Assets Total	0.72	-0.52	0.86	0.77	0.6	0.99	-0.67	-0.61	0.94	0.66		0.93	0.59	0.73	-0.59	-0.35	-0.21	0.88	-0.17	0.65	0.02	0.64	-0.06	0.67	0.69	0.88
Non Currrent Assets Other	0.89	-0.55	0.78	0.83	0.72	0.94	-0.85	-0.59	0.96	0.85	0.93		0.81	0.72	-0.7	-0.14	-0.15	0.9	-0.23	0.68	0.1	0.84	0.11	0.82	0.75	0.78
Cash And Short Term Investments	0.98	-0.64	0.6	0.63	0.89	0.61	-0.98	-0.5	0.75	0.99	0.59	0.81		0.63	-0.69	0.24	-0.26	0.69	-0.09	0.7	-0.08	0.99	0.01	0.82	0.78	0.38
Net Receivables	0.73	-0.87	0.85	0.85	0.61	0.78	-0.73	-0.94	0.66	0.71	0.73	0.72	0.63		-0.83	-0.37	-0.22	0.88	-0.51	0.89	0.01	0.7	-0.15	0.45	0.95	0.62
Common Stock Shares Outstanding	-0.75	0.65	-0.7	-0.91	-0.65	-0.68	0.76	0.87	-0.66	-0.78	-0.59	-0.7	-0.69	-0.83		0.43	0.33	-0.83	0.55	-0.9	0.07	-0.74	-0.23	-0.53	-0.9	-0.52
Short Term Investments	0.12	0.09	-0.42	-0.43	0.0	-0.41	-0.11	0.53	-0.23	0.08	-0.35	-0.14	0.24	-0.37	0.43		0.44	-0.33	0.31	-0.44	0.32	0.19	-0.02	0.11	-0.3	-0.52
Non Current Liabilities Total	-0.23	0.17	-0.38	-0.1	-0.65	-0.24	0.32	0.29	-0.32	-0.34	-0.21	-0.15	-0.26	-0.22	0.33	0.44		-0.09	-0.38	-0.55	0.96	-0.22	0.43	-0.26	-0.4	-0.3
Inventory	0.8	-0.68	0.9	0.96	0.59	0.92	-0.77	-0.81	0.87	0.76	0.88	0.9	0.69	0.88	-0.83	-0.33	-0.09		-0.42	0.78	0.19	0.75	0.15	0.54	0.85	0.68
Other Current Assets	-0.17	0.41	-0.09	-0.52	0.14	-0.23	0.12	0.57	-0.03	-0.14	-0.17	-0.23	-0.09	-0.51	0.55	0.31	-0.38	-0.42		-0.36	-0.5	-0.16	-0.33	-0.13	-0.38	-0.28
Other Stockholder Equity	0.75	-0.82	0.81	0.77	0.77	0.71	-0.77	-0.92	0.68	0.78	0.65	0.68	0.7	0.89	-0.9	-0.44	-0.55	0.78	-0.36		-0.34	0.73	-0.22	0.53	0.94	0.57
Total Liab	-0.02	0.02	-0.14	0.18	-0.49	0.01	0.11	0.07	-0.08	-0.13	0.02	0.1	-0.08	0.01	0.07	0.32	0.96	0.19	-0.5	-0.34		-0.02	0.53	-0.12	-0.16	-0.11
Total Current Assets	0.99	-0.69	0.65	0.69	0.87	0.66	-0.99	-0.57	0.78	0.99	0.64	0.84	0.99	0.7	-0.74	0.19	-0.22	0.75	-0.16	0.73	-0.02		0.02	0.8	0.82	0.41
Short Term Debt	0.01	0.44	-0.18	0.33	-0.23	-0.01	0.01	0.15	0.06	0.02	-0.06	0.11	0.01	-0.15	-0.23	-0.02	0.43	0.15	-0.33	-0.22	0.53	0.02		0.02	-0.1	-0.07
Intangible Assets	0.82	-0.37	0.4	0.49	0.77	0.66	-0.8	-0.3	0.74	0.82	0.67	0.82	0.82	0.45	-0.53	0.11	-0.26	0.54	-0.13	0.53	-0.12	0.8	0.02		0.58	0.68
Common Stock	0.84	-0.83	0.84	0.84	0.8	0.75	-0.86	-0.89	0.72	0.85	0.69	0.75	0.78	0.95	-0.9	-0.3	-0.4	0.85	-0.38	0.94	-0.16	0.82	-0.1	0.58		0.57
Other Liab	0.5	-0.35	0.64	0.62	0.48	0.88	-0.47	-0.53	0.76	0.48	0.88	0.78	0.38	0.62	-0.52	-0.52	-0.3	0.68	-0.28	0.57	-0.11	0.41	-0.07	0.68	0.57

Click cells to compare fundamentals

Burning Rock Account Relationship Matchups

Burning Rock fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	2.7B	2.3B	1.6B	1.0B	1.2B	1.4B
Short Long Term Debt Total	46.9M	86.7M	50.8M	12.3M	11.1M	10.5M
Other Current Liab	76.7M	120.2M	162.8M	84.3M	97.0M	89.7M
Total Current Liabilities	241.5M	372.2M	411.5M	263.4M	302.9M	285.3M
Total Stockholder Equity	2.4B	1.8B	1.2B	768.4M	883.7M	764.8M
Property Plant And Equipment Net	111.5M	406.4M	300.0M	144.2M	165.8M	185.7M
Net Debt	(1.8B)	(1.3B)	(854.7M)	(602.8M)	(542.5M)	(569.6M)
Retained Earnings	(1.4B)	(2.2B)	(3.2B)	(3.9B)	(3.5B)	(3.3B)
Accounts Payable	35.5M	63.1M	50.9M	18.1M	20.8M	33.1M
Cash	1.9B	1.4B	905.5M	615.1M	707.4M	799.8M
Non Current Assets Total	139.4M	457.6M	328.7M	155.9M	179.3M	220.5M
Non Currrent Assets Other	23.0M	45.1M	26.0M	10.4M	12.0M	19.8M
Cash And Short Term Investments	2.3B	1.5B	905.5M	615.1M	707.4M	943.1M
Net Receivables	110.8M	161.4M	170.2M	167.8M	193.0M	122.1M
Common Stock Shares Outstanding	6.9M	10.4M	10.4M	1.0M	921.6K	875.5K
Short Term Investments	362.1M	63.8M	2.1M	13.4M	12.1M	11.5M
Liabilities And Stockholders Equity	2.7B	2.3B	1.6B	1.0B	1.2B	1.4B
Non Current Liabilities Total	491K	61.1M	17.7M	8.2M	7.4M	7.0M
Inventory	68.0M	123.2M	130.3M	69.0M	79.4M	80.9M
Other Current Assets	51.1M	41.2M	52.8M	32.2M	29.0M	33.3M
Other Stockholder Equity	4.0B	4.3B	4.5B	4.8B	5.5B	5.8B
Total Liab	242.0M	433.3M	429.1M	271.6M	244.4M	232.2M
Total Current Assets	2.5B	1.8B	1.3B	884.1M	1.0B	1.2B
Accumulated Other Comprehensive Income	(167.6M)	(207.1M)	(165.7M)	(161.5M)	(145.4M)	(152.6M)
Short Term Debt	46.9M	37.4M	37.2M	8.6M	7.8M	7.4M
Intangible Assets	3.5M	5.2M	161K	964K	1.1M	1.7M
Common Stock	29K	31K	137K	138K	157.6K	100.1K
Other Liab	991K	491K	11.8M	4.1M	4.7M	4.3M
Net Tangible Assets	(891.8M)	2.4B	1.8B	1.2B	1.3B	862.0M
Current Deferred Revenue	75.5M	143.8M	149.4M	131.7M	151.5M	112.2M
Other Assets	11.0M	23.0M	45.1M	26.0M	29.9M	24.8M
Capital Lease Obligations	4.8M	84.3M	50.8M	12.3M	14.2M	13.5M
Net Invested Capital	2.5B	1.8B	1.2B	768.4M	883.7M	928.4M
Long Term Investments	1.4M	910K	690K	337K	303.3K	288.1K
Property Plant And Equipment Gross	111.5M	406.4M	300.0M	548.3M	630.5M	662.1M
Net Working Capital	2.3B	1.4B	847.3M	620.7M	713.8M	1.1B
Property Plant Equipment	89.3M	111.5M	406.4M	300.0M	345.0M	214.9M

Pair Trading with Burning Rock

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 Burning Rock 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 Burning Rock will appreciate offsetting losses from the drop in the long position's value.

Moving together with Burning Stock

0.87	VKTX	Viking Therapeutics	Pair Corr
0.86	ELEV	Elevation Oncology	Pair Corr
0.86	XFOR	X4 Pharmaceuticals	Pair Corr

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

The correlation of Burning Rock 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 Burning Rock moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Burning Rock Biotech 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 Burning Rock 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

Additional Tools for Burning Stock Analysis

When running Burning Rock's price analysis, check to measure Burning Rock's 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 Burning Rock is operating at the current time. Most of Burning Rock's value examination focuses on studying past and present price action to predict the probability of Burning Rock's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Burning Rock's price. Additionally, you may evaluate how the addition of Burning Rock to your portfolios can decrease your overall portfolio volatility.

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