Cardio Retained Earnings vs Total Current Assets Analysis

CDIOW Stock

USD 0.04 0.01 49.45%

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

Retained Earnings vs Total Current Assets

Retained Earnings vs Total Current Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Cardio Diagnostics Retained Earnings account and Total Current Assets. At this time, the significance of the direction appears to have strong contrarian relationship.

The correlation between Cardio Diagnostics' Retained Earnings and Total Current Assets is -0.68. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Total Current Assets in the same time period over historical financial statements of Cardio Diagnostics Holdings, assuming nothing else is changed. The correlation between historical values of Cardio Diagnostics' Retained Earnings and Total Current 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 Retained Earnings of Cardio Diagnostics Holdings are associated (or correlated) with its Total Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Assets has no effect on the direction of Retained Earnings i.e., Cardio Diagnostics' Retained Earnings and Total Current Assets go up and down completely randomly.

Correlation Coefficient

-0.68

Relationship Direction	Negative
Relationship Strength	Weak

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Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.

Total Current Assets

The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.

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

At this time, Cardio Diagnostics' Selling General Administrative is fairly stable compared to the past year. Enterprise Value is likely to climb to about 37.3 M in 2024, whereas Issuance Of Capital Stock is likely to drop 0.00 in 2024.

	2021	2023	2024 (projected)
Reconciled Depreciation	16K	53.8K	56.5K
Total Operating Expenses	621.3K	7.3M	7.6M

Reconciled Depreciation Total Operating Expenses

Cardio Diagnostics fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Cash And Short Term Investments	Common Stock Shares Outstanding	Other Current Assets	Other Stockholder Equity	Total Liab	Net Invested Capital	Total Current Assets	Capital Stock	Net Working Capital	Intangible Assets	Common Stock	Inventory	Non Current Liabilities Other	Short Long Term Debt Total	Current Deferred Revenue	Non Currrent Assets Other	Short Term Debt
Total Assets		-0.72	0.83	0.99	-0.68	-0.78	0.91	0.94	0.63	0.94	-0.33	1.0	0.84	0.96	0.99	0.98	-0.95	0.97	0.85	-0.95	-0.5	-0.5	0.58	0.57	0.58	-0.57
Other Current Liab	-0.72		-0.48	-0.73	1.0	0.15	-0.91	-0.89	0.06	-0.89	0.64	-0.67	-0.26	-0.68	-0.73	-0.83	0.53	-0.85	-0.3	0.53	-0.13	-0.13	0.14	0.14	0.13	-0.14
Total Current Liabilities	0.83	-0.48		0.77	-0.47	-0.71	0.73	0.73	0.58	0.73	0.21	0.82	0.73	0.94	0.77	0.78	-0.9	0.73	0.68	-0.9	-0.45	-0.45	0.59	0.57	0.61	-0.55
Total Stockholder Equity	0.99	-0.73	0.77		-0.67	-0.78	0.9	0.93	0.63	0.93	-0.41	0.99	0.84	0.93	1.0	0.98	-0.92	0.97	0.86	-0.92	-0.5	-0.5	0.58	0.57	0.57	-0.56
Net Debt	-0.68	1.0	-0.47	-0.67		0.08	-0.89	-0.86	0.13	-0.86	0.61	-0.61	-0.19	-0.65	-0.67	-0.79	0.48	-0.81	-0.22	0.48	-0.2	-0.2	0.21	0.21	0.2	-0.21
Retained Earnings	-0.78	0.15	-0.71	-0.78	0.08		-0.51	-0.57	-0.98	-0.57	-0.03	-0.82	-0.99	-0.76	-0.78	-0.68	0.89	-0.65	-0.93	0.89	0.89	0.89	-0.95	-0.96	-0.93	0.96
Accounts Payable	0.91	-0.91	0.73	0.9	-0.89	-0.51		0.99	0.32	0.99	-0.48	0.86	0.6	0.89	0.9	0.97	-0.82	0.97	0.55	-0.82	-0.26	-0.26	0.23	0.24	0.21	-0.25
Cash	0.94	-0.89	0.73	0.93	-0.86	-0.57	0.99		0.39	1.0	-0.5	0.9	0.66	0.9	0.93	0.99	-0.85	0.99	0.62	-0.85	-0.32	-0.32	0.3	0.31	0.28	-0.32
Non Current Assets Total	0.63	0.06	0.58	0.63	0.13	-0.98	0.32	0.39		0.39	0.11	0.68	0.95	0.6	0.63	0.51	-0.78	0.48	0.87	-0.78	-0.95	-0.95	0.98	1.0	0.96	-1.0
Cash And Short Term Investments	0.94	-0.89	0.73	0.93	-0.86	-0.57	0.99	1.0	0.39		-0.5	0.9	0.66	0.9	0.93	0.99	-0.85	0.99	0.62	-0.85	-0.32	-0.32	0.3	0.31	0.28	-0.32
Common Stock Shares Outstanding	-0.33	0.64	0.21	-0.41	0.61	-0.03	-0.48	-0.5	0.11	-0.5		-0.3	-0.08	-0.11	-0.41	-0.44	0.1	-0.51	-0.12	0.1	-0.07	-0.07	0.25	0.2	0.28	-0.18
Other Current Assets	1.0	-0.67	0.82	0.99	-0.61	-0.82	0.86	0.9	0.68	0.9	-0.3		0.87	0.95	0.99	0.96	-0.95	0.95	0.89	-0.95	-0.54	-0.54	0.65	0.63	0.65	-0.62
Other Stockholder Equity	0.84	-0.26	0.73	0.84	-0.19	-0.99	0.6	0.66	0.95	0.66	-0.08	0.87		0.8	0.84	0.76	-0.93	0.73	0.93	-0.93	-0.87	-0.87	0.9	0.92	0.88	-0.92
Total Liab	0.96	-0.68	0.94	0.93	-0.65	-0.76	0.89	0.9	0.6	0.9	-0.11	0.95	0.8		0.93	0.94	-0.96	0.91	0.77	-0.96	-0.47	-0.47	0.57	0.55	0.58	-0.55
Net Invested Capital	0.99	-0.73	0.77	1.0	-0.67	-0.78	0.9	0.93	0.63	0.93	-0.41	0.99	0.84	0.93		0.98	-0.92	0.97	0.86	-0.92	-0.5	-0.5	0.58	0.57	0.57	-0.56
Total Current Assets	0.98	-0.83	0.78	0.98	-0.79	-0.68	0.97	0.99	0.51	0.99	-0.44	0.96	0.76	0.94	0.98		-0.9	1.0	0.74	-0.9	-0.41	-0.41	0.43	0.44	0.43	-0.44
Capital Stock	-0.95	0.53	-0.9	-0.92	0.48	0.89	-0.82	-0.85	-0.78	-0.85	0.1	-0.95	-0.93	-0.96	-0.92	-0.9		-0.88	-0.84	1.0	0.7	0.7	-0.73	-0.74	-0.71	0.74
Net Working Capital	0.97	-0.85	0.73	0.97	-0.81	-0.65	0.97	0.99	0.48	0.99	-0.51	0.95	0.73	0.91	0.97	1.0	-0.88		0.72	-0.88	-0.39	-0.39	0.4	0.41	0.39	-0.41
Intangible Assets	0.85	-0.3	0.68	0.86	-0.22	-0.93	0.55	0.62	0.87	0.62	-0.12	0.89	0.93	0.77	0.86	0.74	-0.84	0.72		-0.84	-0.69	-0.69	0.87	0.84	0.89	-0.83
Common Stock	-0.95	0.53	-0.9	-0.92	0.48	0.89	-0.82	-0.85	-0.78	-0.85	0.1	-0.95	-0.93	-0.96	-0.92	-0.9	1.0	-0.88	-0.84		0.7	0.7	-0.73	-0.74	-0.71	0.74
Inventory	-0.5	-0.13	-0.45	-0.5	-0.2	0.89	-0.26	-0.32	-0.95	-0.32	-0.07	-0.54	-0.87	-0.47	-0.5	-0.41	0.7	-0.39	-0.69	0.7		1.0	-0.88	-0.94	-0.83	0.95
Non Current Liabilities Other	-0.5	-0.13	-0.45	-0.5	-0.2	0.89	-0.26	-0.32	-0.95	-0.32	-0.07	-0.54	-0.87	-0.47	-0.5	-0.41	0.7	-0.39	-0.69	0.7	1.0		-0.88	-0.94	-0.83	0.95
Short Long Term Debt Total	0.58	0.14	0.59	0.58	0.21	-0.95	0.23	0.3	0.98	0.3	0.25	0.65	0.9	0.57	0.58	0.43	-0.73	0.4	0.87	-0.73	-0.88	-0.88		0.99	0.99	-0.98
Current Deferred Revenue	0.57	0.14	0.57	0.57	0.21	-0.96	0.24	0.31	1.0	0.31	0.2	0.63	0.92	0.55	0.57	0.44	-0.74	0.41	0.84	-0.74	-0.94	-0.94	0.99		0.97	-1.0
Non Currrent Assets Other	0.58	0.13	0.61	0.57	0.2	-0.93	0.21	0.28	0.96	0.28	0.28	0.65	0.88	0.58	0.57	0.43	-0.71	0.39	0.89	-0.71	-0.83	-0.83	0.99	0.97		-0.96
Short Term Debt	-0.57	-0.14	-0.55	-0.56	-0.21	0.96	-0.25	-0.32	-1.0	-0.32	-0.18	-0.62	-0.92	-0.55	-0.56	-0.44	0.74	-0.41	-0.83	0.74	0.95	0.95	-0.98	-1.0	-0.96

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Cardio Retained Earnings vs Total Current Assets Analysis

Retained Earnings vs Total Current Assets

Retained Earnings vs Total Current Assets Correlation Analysis

Correlation Coefficient

Retained Earnings

Total Current Assets

Cardio Diagnostics fundamental ratios Correlations

Cardio Diagnostics Account Relationship Matchups

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Other Current Assets	+ 1.0	Total Assets
Net Debt	+ 1.0	Other Current Liab
Net Invested Capital	+ 1.0	Total Stockholder Equity
Cash And Short Term Investments	+ 1.0	Cash
Current Deferred Revenue	+ 1.0	Non Current Assets Total
Net Working Capital	+ 1.0	Total Current Assets

Short Term Debt	- 1.0	Current Deferred Revenue
Short Term Debt	- 1.0	Non Current Assets Total
Other Stockholder Equity	- 0.99	Retained Earnings
Short Term Debt	- 0.98	Short Long Term Debt Total
Non Current Assets Total	- 0.98	Retained Earnings
Short Term Debt	- 0.96	Non Currrent Assets Other