Caredx Ebit vs Operating Income Analysis

CDNA Stock

USD 24.11 0.98 4.24%

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

Ebit vs Operating Income

Ebit vs Operating Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Caredx Inc Ebit account and Operating Income. At this time, the significance of the direction appears to have totally related.

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

Correlation Coefficient

1.0

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Ebit

Operating Income

Operating Income is the amount of profit realized from Caredx Inc operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Caredx Inc is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.

Most indicators from Caredx's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Caredx Inc 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 Caredx Inc. 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 present, Caredx's Selling General Administrative is projected to increase significantly based on the last few years of reporting. The current year's Tax Provision is expected to grow to about 148.1 K, whereas Issuance Of Capital Stock is forecasted to decline to 0.00.

	2021	2022	2023	2024 (projected)
Interest Expense	9.6M	3.8M	4.3M	3.7M
Depreciation And Amortization	11.9M	16.0M	19.8M	20.8M

Interest Expense Depreciation And Amortization

Caredx fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Long Term Debt	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Common Stock Shares Outstanding	Short Term Investments	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab
Total Assets		0.45	0.92	0.9	0.96	-0.21	0.93	0.64	-0.69	-0.86	0.97	0.75	0.95	0.13	-0.32	0.47	0.94	0.99	0.89	0.88	0.73	-0.17	0.97	0.91	0.95	0.29
Short Long Term Debt Total	0.45		0.48	0.58	0.35	0.04	0.57	0.01	0.06	-0.43	0.37	0.06	0.49	0.13	-0.1	0.13	0.41	0.43	0.3	0.29	0.34	0.12	0.54	0.32	0.4	0.38
Other Current Liab	0.92	0.48		0.98	0.91	-0.03	0.78	0.66	-0.69	-0.75	0.9	0.75	0.86	-0.08	-0.12	0.59	0.94	0.89	0.86	0.93	0.62	-0.29	0.87	0.92	0.87	0.16
Total Current Liabilities	0.9	0.58	0.98		0.89	0.08	0.78	0.59	-0.61	-0.76	0.88	0.68	0.88	-0.04	-0.13	0.48	0.89	0.86	0.86	0.91	0.61	-0.32	0.88	0.87	0.88	0.14
Total Stockholder Equity	0.96	0.35	0.91	0.89		-0.09	0.82	0.66	-0.74	-0.76	0.92	0.79	0.89	-0.06	-0.15	0.43	0.93	0.93	0.9	0.9	0.67	-0.45	0.89	0.91	0.95	-0.01
Other Liab	-0.21	0.04	-0.03	0.08	-0.09		-0.33	-0.13	0.12	0.09	-0.11	-0.12	-0.06	-0.24	0.43	0.1	-0.25	-0.25	0.11	0.08	-0.16	-0.42	-0.12	-0.15	-0.04	-0.41
Property Plant And Equipment Net	0.93	0.57	0.78	0.78	0.82	-0.33		0.37	-0.41	-0.92	0.9	0.49	0.94	0.34	-0.54	0.39	0.8	0.94	0.81	0.75	0.84	0.07	0.96	0.72	0.89	0.49
Current Deferred Revenue	0.64	0.01	0.66	0.59	0.66	-0.13	0.37		-0.97	-0.29	0.62	0.97	0.45	-0.18	0.16	0.32	0.75	0.6	0.46	0.55	0.0	-0.24	0.5	0.86	0.5	0.03
Net Debt	-0.69	0.06	-0.69	-0.61	-0.74	0.12	-0.41	-0.97		0.35	-0.67	-0.99	-0.5	0.18	-0.12	-0.37	-0.79	-0.64	-0.56	-0.64	-0.11	0.36	-0.54	-0.89	-0.58	0.08
Retained Earnings	-0.86	-0.43	-0.75	-0.76	-0.76	0.09	-0.92	-0.29	0.35		-0.92	-0.42	-0.96	-0.5	0.65	-0.47	-0.68	-0.86	-0.91	-0.8	-0.84	-0.03	-0.94	-0.63	-0.92	-0.45
Accounts Payable	0.97	0.37	0.9	0.88	0.92	-0.11	0.9	0.62	-0.67	-0.92		0.73	0.97	0.26	-0.43	0.48	0.87	0.95	0.94	0.89	0.72	-0.15	0.97	0.86	0.97	0.31
Cash	0.75	0.06	0.75	0.68	0.79	-0.12	0.49	0.97	-0.99	-0.42	0.73		0.58	-0.15	0.09	0.38	0.84	0.7	0.6	0.68	0.16	-0.34	0.62	0.93	0.64	-0.02
Non Current Assets Total	0.95	0.49	0.86	0.88	0.89	-0.06	0.94	0.45	-0.5	-0.96	0.97	0.58		0.29	-0.46	0.43	0.8	0.94	0.95	0.87	0.81	-0.15	0.99	0.77	0.98	0.31
Non Currrent Assets Other	0.13	0.13	-0.08	-0.04	-0.06	-0.24	0.34	-0.18	0.18	-0.5	0.26	-0.15	0.29		-0.89	-0.08	-0.1	0.11	0.17	-0.07	0.2	0.54	0.27	-0.12	0.21	0.61
Other Assets	-0.32	-0.1	-0.12	-0.13	-0.15	0.43	-0.54	0.16	-0.12	0.65	-0.43	0.09	-0.46	-0.89		0.03	-0.1	-0.33	-0.36	-0.16	-0.51	-0.45	-0.44	-0.03	-0.39	-0.59
Long Term Debt	0.47	0.13	0.59	0.48	0.43	0.1	0.39	0.32	-0.37	-0.47	0.48	0.38	0.43	-0.08	0.03		0.52	0.49	0.52	0.67	0.46	0.0	0.43	0.51	0.45	0.19
Cash And Short Term Investments	0.94	0.41	0.94	0.89	0.93	-0.25	0.8	0.75	-0.79	-0.68	0.87	0.84	0.8	-0.1	-0.1	0.52		0.92	0.77	0.87	0.57	-0.25	0.84	0.97	0.84	0.16
Net Receivables	0.99	0.43	0.89	0.86	0.93	-0.25	0.94	0.6	-0.64	-0.86	0.95	0.7	0.94	0.11	-0.33	0.49	0.92		0.87	0.88	0.77	-0.12	0.96	0.89	0.93	0.32
Common Stock Total Equity	0.89	0.3	0.86	0.86	0.9	0.11	0.81	0.46	-0.56	-0.91	0.94	0.6	0.95	0.17	-0.36	0.52	0.77	0.87		0.93	0.79	-0.34	0.91	0.75	0.97	0.11
Common Stock Shares Outstanding	0.88	0.29	0.93	0.91	0.9	0.08	0.75	0.55	-0.64	-0.8	0.89	0.68	0.87	-0.07	-0.16	0.67	0.87	0.88	0.93		0.74	-0.37	0.85	0.85	0.9	0.05
Short Term Investments	0.73	0.34	0.62	0.61	0.67	-0.16	0.84	0.0	-0.11	-0.84	0.72	0.16	0.81	0.2	-0.51	0.46	0.57	0.77	0.79	0.74		-0.04	0.78	0.44	0.79	0.29
Non Current Liabilities Total	-0.17	0.12	-0.29	-0.32	-0.45	-0.42	0.07	-0.24	0.36	-0.03	-0.15	-0.34	-0.15	0.54	-0.45	0.0	-0.25	-0.12	-0.34	-0.37	-0.04		-0.08	-0.29	-0.31	0.88
Inventory	0.97	0.54	0.87	0.88	0.89	-0.12	0.96	0.5	-0.54	-0.94	0.97	0.62	0.99	0.27	-0.44	0.43	0.84	0.96	0.91	0.85	0.78	-0.08		0.81	0.96	0.38
Other Current Assets	0.91	0.32	0.92	0.87	0.91	-0.15	0.72	0.86	-0.89	-0.63	0.86	0.93	0.77	-0.12	-0.03	0.51	0.97	0.89	0.75	0.85	0.44	-0.29	0.81		0.81	0.11
Other Stockholder Equity	0.95	0.4	0.87	0.88	0.95	-0.04	0.89	0.5	-0.58	-0.92	0.97	0.64	0.98	0.21	-0.39	0.45	0.84	0.93	0.97	0.9	0.79	-0.31	0.96	0.81		0.15
Total Liab	0.29	0.38	0.16	0.14	-0.01	-0.41	0.49	0.03	0.08	-0.45	0.31	-0.02	0.31	0.61	-0.59	0.19	0.16	0.32	0.11	0.05	0.29	0.88	0.38	0.11	0.15

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Caredx Account Relationship Matchups

Caredx fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	151.7M	368.5M	566.6M	543.0M	466.8M	490.2M
Short Long Term Debt Total	3.0M	16.1M	17.4M	39.0M	34.2M	20.7M
Other Current Liab	22.6M	57.5M	60.0M	55.1M	54.5M	29.1M
Total Current Liabilities	34.8M	69.2M	77.3M	76.0M	78.1M	43.4M
Total Stockholder Equity	99M	277.7M	465.9M	430.9M	261.3M	274.4M
Other Liab	14.8M	5.5M	6.1M	2.7M	3.1M	2.9M
Property Plant And Equipment Net	9.2M	25.9M	40.0M	70.2M	65.1M	68.4M
Current Deferred Revenue	3.7M	20.5M	55.3M	5.3M	4.7M	8.4M
Net Debt	(35.2M)	(118.6M)	(331.1M)	(50.9M)	(48.0M)	(50.4M)
Retained Earnings	(333.8M)	(352.5M)	(383.2M)	(460.4M)	(678.3M)	(644.4M)
Accounts Payable	5.5M	9.7M	13.3M	9.9M	12.9M	13.5M
Cash	38.2M	134.7M	348.5M	89.9M	82.2M	79.7M
Non Current Assets Total	79.8M	95.4M	133.3M	155.1M	170.9M	179.4M
Non Currrent Assets Other	(5.5M)	(9.6M)	(5.7M)	(14.0M)	19.1M	20.1M
Other Assets	1.3M	1.3M	6.0M	4.4M	(17.8M)	(16.9M)
Cash And Short Term Investments	38.2M	224.7M	348.5M	293.1M	235.4M	120.6M
Net Receivables	24.1M	34.6M	59.8M	66.3M	51.1M	53.6M
Common Stock Total Equity	41K	42K	49K	52K	59.8K	62.8K
Common Stock Shares Outstanding	42.2M	46.5M	52.2M	53.3M	53.8M	32.9M
Liabilities And Stockholders Equity	151.7M	368.5M	566.6M	543.0M	466.8M	490.2M
Non Current Liabilities Total	17.9M	21.6M	23.4M	36.1M	127.4M	133.8M
Inventory	6.0M	10.0M	17.2M	19.2M	19.5M	20.4M
Other Current Assets	3.6M	7.5M	15.9M	9.2M	7.8M	4.6M
Other Stockholder Equity	438.0M	632.3M	853.7M	898.8M	946.5M	993.8M
Total Liab	52.7M	90.8M	100.7M	112.1M	205.5M	215.8M
Property Plant And Equipment Gross	9.2M	25.9M	40.0M	70.2M	97.4M	102.3M
Total Current Assets	71.9M	273.1M	433.4M	387.8M	313.7M	329.4M
Accumulated Other Comprehensive Income	(5.2M)	(2.1M)	(4.7M)	(7.5M)	(7.0M)	(7.3M)
Short Term Debt	3.0M	2.0M	4.0M	5.6M	5.9M	4.9M
Common Stock	29K	41K	42K	49K	52K	33.1K
Property Plant Equipment	9.2M	25.9M	40.0M	70.2M	80.8M	84.8M
Net Tangible Assets	29.6M	209.5M	378.7M	350.3M	402.9M	423.0M
Retained Earnings Total Equity	(311.8M)	(333.8M)	(352.5M)	(383.2M)	(344.9M)	(362.1M)
Deferred Long Term Liab	4.1M	2.0M	1.3M	415K	373.5K	354.8K

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When determining whether Caredx Inc offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Caredx's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Caredx Inc Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Caredx Inc Stock:

How To Invest In Caredx

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What is Caredx's Net Worth?

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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Caredx Inc. 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.

You can also try the Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.

Is Biotechnology space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Caredx. If investors know Caredx will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Caredx listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Earnings Share

(2.69)

Revenue Per Share

5.952

Quarterly Revenue Growth

0.234

Return On Assets

(0.07)

Return On Equity

(0.43)

The market value of Caredx Inc is measured differently than its book value, which is the value of Caredx that is recorded on the company's balance sheet. Investors also form their own opinion of Caredx's value that differs from its market value or its book value, called intrinsic value, which is Caredx's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Caredx's market value can be influenced by many factors that don't directly affect Caredx's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Caredx's value and its price as these two are different measures arrived at by different means. Investors typically determine if Caredx is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Caredx's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Caredx Ebit vs Operating Income Analysis

Ebit vs Operating Income

Ebit vs Operating Income Correlation Analysis

Correlation Coefficient

Ebit

Operating Income

Caredx fundamental ratios Correlations

Caredx Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Caredx fundamental ratios Accounts

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COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Net Receivables	+ 0.99	Total Assets
Inventory	+ 0.99	Non Current Assets Total
Total Current Liabilities	+ 0.98	Other Current Liab
Other Stockholder Equity	+ 0.98	Non Current Assets Total
Accounts Payable	+ 0.97	Total Assets
Inventory	+ 0.97	Total Assets

Cash	- 0.99	Net Debt
Net Debt	- 0.97	Current Deferred Revenue
Non Current Assets Total	- 0.96	Retained Earnings
Inventory	- 0.94	Retained Earnings
Other Stockholder Equity	- 0.92	Retained Earnings
Accounts Payable	- 0.92	Retained Earnings