Bioventix Net Debt vs Cash And Short Term Investments Analysis

BVXP Stock

3,750 40.00 1.08%

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

Net Debt vs Cash And Short Term Investments

Net Debt vs Cash And Short Term Investments Correlation Analysis

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

The correlation between Bioventix's Net Debt and Cash And Short Term Investments is -1.0. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Cash And Short Term Investments in the same time period over historical financial statements of Bioventix, assuming nothing else is changed. The correlation between historical values of Bioventix's Net Debt and Cash And Short Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Debt of Bioventix are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Net Debt i.e., Bioventix's Net Debt and Cash And Short Term Investments go up and down completely randomly.

Correlation Coefficient

-1.0

Relationship Direction	Negative
Relationship Strength	Strong

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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.

Cash And Short Term Investments

Short Term Investments is an account in the current assets section of Bioventix balance sheet. This account contains Bioventix investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Bioventix fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.

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

Issuance Of Capital Stock is likely to gain to about 172.8 K in 2024, whereas Selling General Administrative is likely to drop slightly above 1.3 M in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	10.9M	11.9M	12.6M	7.6M
Total Revenue	11.7M	12.8M	13.6M	8.3M

Gross Profit Total Revenue

Bioventix fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Accounts Payable	Cash	Long Term Debt	Net Receivables	Inventory	Other Current Assets	Total Liab	Preferred Stock Total Equity	Intangible Assets	Common Stock	Property Plant Equipment	Total Stockholder Equity	Retained Earnings	Property Plant And Equipment Net	Net Debt	Non Current Assets Total	Cash And Short Term Investments	Common Stock Total Equity	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Stockholder Equity	Property Plant And Equipment Gross	Total Current Assets
Total Assets		0.92	0.65	0.54	0.94	-0.07	0.27	0.65	0.81	0.53	-0.07	-0.8	0.64	0.72	1.0	0.98	0.61	-0.91	0.81	0.93	0.47	0.49	0.64	0.67	0.56	0.99
Other Current Liab	0.92		0.75	0.67	0.76	-0.16	0.36	0.77	0.85	0.72	-0.16	-0.57	0.47	0.83	0.9	0.85	0.65	-0.77	0.88	0.77	0.56	0.52	0.58	0.83	0.74	0.92
Total Current Liabilities	0.65	0.75		0.86	0.48	-0.71	0.82	0.96	0.94	0.73	-0.71	-0.5	0.4	0.68	0.64	0.6	0.45	-0.6	0.62	0.55	0.83	0.85	0.42	0.88	0.9	0.73
Accounts Payable	0.54	0.67	0.86		0.37	-0.64	0.71	0.82	0.81	0.66	-0.64	-0.37	0.3	0.81	0.53	0.46	0.67	-0.48	0.69	0.44	0.76	0.73	0.6	0.9	0.93	0.6
Cash	0.94	0.76	0.48	0.37		0.01	0.13	0.46	0.67	0.28	0.01	-0.84	0.67	0.54	0.96	0.98	0.56	-0.96	0.7	0.98	0.31	0.43	0.64	0.49	0.33	0.92
Long Term Debt	-0.07	-0.16	-0.71	-0.64	0.01		-0.94	-0.69	-0.59	-0.32	1.0	0.1	-0.05	-0.21	-0.09	-0.07	-0.04	0.2	-0.09	-0.12	-0.77	-0.82	-0.01	-0.59	-0.61	-0.2
Net Receivables	0.27	0.36	0.82	0.71	0.13	-0.94		0.8	0.71	0.52	-0.94	-0.2	0.18	0.39	0.27	0.24	0.06	-0.3	0.19	0.24	0.93	0.78	0.04	0.69	0.7	0.38
Inventory	0.65	0.77	0.96	0.82	0.46	-0.69	0.8		0.95	0.69	-0.69	-0.5	0.39	0.65	0.65	0.6	0.39	-0.57	0.59	0.53	0.81	0.84	0.31	0.89	0.9	0.73
Other Current Assets	0.81	0.85	0.94	0.81	0.67	-0.59	0.71	0.95		0.64	-0.59	-0.66	0.5	0.7	0.81	0.78	0.53	-0.76	0.71	0.73	0.76	0.86	0.5	0.89	0.87	0.87
Total Liab	0.53	0.72	0.73	0.66	0.28	-0.32	0.52	0.69	0.64		-0.32	-0.14	-0.06	0.78	0.46	0.4	0.42	-0.36	0.62	0.36	0.68	0.41	0.36	0.74	0.75	0.59
Preferred Stock Total Equity	-0.07	-0.16	-0.71	-0.64	0.01	1.0	-0.94	-0.69	-0.59	-0.32		0.1	-0.05	-0.21	-0.09	-0.07	-0.04	0.2	-0.09	-0.12	-0.77	-0.82	-0.01	-0.59	-0.61	-0.2
Intangible Assets	-0.8	-0.57	-0.5	-0.37	-0.84	0.1	-0.2	-0.5	-0.66	-0.14	0.1		-0.75	-0.34	-0.83	-0.86	-0.38	0.81	-0.47	-0.81	-0.28	-0.51	-0.52	-0.38	-0.33	-0.79
Common Stock	0.64	0.47	0.4	0.3	0.67	-0.05	0.18	0.39	0.5	-0.06	-0.05	-0.75		0.25	0.67	0.69	0.2	-0.54	0.29	0.55	0.29	0.25	0.3	0.26	0.24	0.56
Property Plant Equipment	0.72	0.83	0.68	0.81	0.54	-0.21	0.39	0.65	0.7	0.78	-0.21	-0.34	0.25		0.68	0.61	0.8	-0.56	0.88	0.57	0.6	0.42	0.72	0.85	0.82	0.72
Total Stockholder Equity	1.0	0.9	0.64	0.53	0.96	-0.09	0.27	0.65	0.81	0.46	-0.09	-0.83	0.67	0.68		0.99	0.6	-0.94	0.79	0.95	0.45	0.52	0.64	0.66	0.54	0.98
Retained Earnings	0.98	0.85	0.6	0.46	0.98	-0.07	0.24	0.6	0.78	0.4	-0.07	-0.86	0.69	0.61	0.99		0.56	-0.95	0.74	0.96	0.41	0.51	0.61	0.59	0.47	0.97
Property Plant And Equipment Net	0.61	0.65	0.45	0.67	0.56	-0.04	0.06	0.39	0.53	0.42	-0.04	-0.38	0.2	0.8	0.6	0.56		-0.6	0.92	0.6	0.16	0.42	0.94	0.67	0.62	0.6
Net Debt	-0.91	-0.77	-0.6	-0.48	-0.96	0.2	-0.3	-0.57	-0.76	-0.36	0.2	0.81	-0.54	-0.56	-0.94	-0.95	-0.6		-0.74	-1.0	-0.41	-0.62	-0.66	-0.62	-0.44	-0.94
Non Current Assets Total	0.81	0.88	0.62	0.69	0.7	-0.09	0.19	0.59	0.71	0.62	-0.09	-0.47	0.29	0.88	0.79	0.74	0.92	-0.74		0.74	0.35	0.5	0.83	0.81	0.71	0.8
Cash And Short Term Investments	0.93	0.77	0.55	0.44	0.98	-0.12	0.24	0.53	0.73	0.36	-0.12	-0.81	0.55	0.57	0.95	0.96	0.6	-1.0	0.74		0.38	0.55	0.66	0.58	0.41	0.94
Common Stock Total Equity	0.47	0.56	0.83	0.76	0.31	-0.77	0.93	0.81	0.76	0.68	-0.77	-0.28	0.29	0.6	0.45	0.41	0.16	-0.41	0.35	0.38		0.66	0.16	0.76	0.74	0.55
Common Stock Shares Outstanding	0.49	0.52	0.85	0.73	0.43	-0.82	0.78	0.84	0.86	0.41	-0.82	-0.51	0.25	0.42	0.52	0.51	0.42	-0.62	0.5	0.55	0.66		0.39	0.77	0.75	0.61
Non Current Liabilities Total	0.64	0.58	0.42	0.6	0.64	-0.01	0.04	0.31	0.5	0.36	-0.01	-0.52	0.3	0.72	0.64	0.61	0.94	-0.66	0.83	0.66	0.16	0.39		0.55	0.51	0.62
Other Stockholder Equity	0.67	0.83	0.88	0.9	0.49	-0.59	0.69	0.89	0.89	0.74	-0.59	-0.38	0.26	0.85	0.66	0.59	0.67	-0.62	0.81	0.58	0.76	0.77	0.55		0.93	0.74
Property Plant And Equipment Gross	0.56	0.74	0.9	0.93	0.33	-0.61	0.7	0.9	0.87	0.75	-0.61	-0.33	0.24	0.82	0.54	0.47	0.62	-0.44	0.71	0.41	0.74	0.75	0.51	0.93		0.62
Total Current Assets	0.99	0.92	0.73	0.6	0.92	-0.2	0.38	0.73	0.87	0.59	-0.2	-0.79	0.56	0.72	0.98	0.97	0.6	-0.94	0.8	0.94	0.55	0.61	0.62	0.74	0.62

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Bioventix Account Relationship Matchups

Bioventix fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	13.3M	12.9M	13.1M	13.3M	13.7M	8.2M
Other Current Liab	311.1K	315.9K	385.8K	412.7K	375.1K	201.8K
Total Current Liabilities	728.6K	1.0M	1.3M	1.2M	1.7M	1.8M
Accounts Payable	96.1K	150.9K	157.3K	77.7K	170.0K	178.5K
Cash	8.1M	6.5M	6.1M	5.7M	6.0M	4.3M
Net Receivables	639.0K	638.1K	754.0K	1.2M	6.2M	6.5M
Inventory	245.4K	332.5K	461.8K	565.4K	615.3K	646.1K
Other Current Assets	3.0M	4.0M	4.5M	4.6M	5.3M	5.6M
Total Liab	778.9K	1.1M	1.3M	1.2M	1.7M	881.9K
Common Stock	257.1K	260.4K	260.5K	261.0K	300.1K	223.0K
Property Plant Equipment	514.8K	718.5K	843.7K	694.4K	798.5K	569.3K
Total Stockholder Equity	12.5M	11.8M	11.8M	12.1M	12.0M	8.1M
Retained Earnings	10.9M	10.2M	10.2M	10.3M	10.3M	7.3M
Property Plant And Equipment Net	718.5K	843.7K	694.4K	575.7K	478.0K	587.5K
Net Debt	(8.1M)	(6.5M)	(6.1M)	(5.7M)	(6.0M)	(6.3M)
Non Current Assets Total	1.3M	1.5M	1.3M	1.2M	904.7K	892.0K
Cash And Short Term Investments	8.1M	6.5M	6.1M	5.7M	6.0M	5.6M
Common Stock Shares Outstanding	5.2M	5.3M	5.3M	5.3M	5.3M	5.7M
Liabilities And Stockholders Equity	13.3M	12.9M	13.1M	13.3M	13.7M	10.4M
Non Current Liabilities Total	50.2K	78.1K	44.3K	18.2K	21.0K	29.6K
Other Stockholder Equity	435.9K	1.3M	1.3M	1.5M	1.7M	1.8M
Property Plant And Equipment Gross	718.5K	1.6M	1.4M	1.4M	1.6M	1.7M
Total Current Assets	12.0M	11.5M	11.8M	12.1M	12.8M	9.5M
Non Currrent Assets Other	(1.3M)	(1.5M)	(1.3M)	(1.2M)	(1.1M)	(1.1M)
Net Tangible Assets	10.8M	12.5M	11.8M	11.8M	13.6M	10.8M
Other Liab	30.9K	50.2K	78.1K	44.3K	50.9K	39.1K
Net Invested Capital	12.5M	11.8M	11.8M	12.1M	13.9M	12.6M
Net Working Capital	11.2M	10.4M	10.6M	10.9M	12.5M	11.4M

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Bioventix Net Debt vs Cash And Short Term Investments Analysis

Net Debt vs Cash And Short Term Investments

Net Debt vs Cash And Short Term Investments Correlation Analysis

Correlation Coefficient

Net Debt

Cash And Short Term Investments

Bioventix fundamental ratios Correlations

Bioventix Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Bioventix fundamental ratios Accounts

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Additional Tools for Bioventix Stock Analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Stockholder Equity	+ 1.0	Total Assets
Preferred Stock Total Equity	+ 1.0	Long Term Debt
Total Current Assets	+ 0.99	Total Assets
Retained Earnings	+ 0.99	Total Stockholder Equity
Retained Earnings	+ 0.98	Total Assets
Retained Earnings	+ 0.98	Cash

Cash And Short Term Investments	- 1.0	Net Debt
Net Debt	- 0.96	Cash
Net Debt	- 0.95	Retained Earnings
Total Current Assets	- 0.94	Net Debt
Net Debt	- 0.94	Total Stockholder Equity
Preferred Stock Total Equity	- 0.94	Net Receivables