Chromadex Cash And Short Term Investments vs Non Current Liabilities Total Analysis

CDXC Stock  USD 7.44  0.19  2.49%   
Chromadex Corp financial indicator trend analysis is way more than just evaluating Chromadex Corp prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Chromadex Corp is a good investment. Please check the relationship between Chromadex Corp Cash And Short Term Investments and its Non Current Liabilities Total accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Chromadex Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in interest.
For information on how to trade Chromadex Stock refer to our How to Trade Chromadex Stock guide.

Cash And Short Term Investments vs Non Current Liabilities Total

Cash And Short Term Investments vs Non Current Liabilities Total Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Chromadex Corp Cash And Short Term Investments account and Non Current Liabilities Total. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Chromadex Corp's Cash And Short Term Investments and Non Current Liabilities Total is 0.48. Overlapping area represents the amount of variation of Cash And Short Term Investments that can explain the historical movement of Non Current Liabilities Total in the same time period over historical financial statements of Chromadex Corp, assuming nothing else is changed. The correlation between historical values of Chromadex Corp's Cash And Short Term Investments and Non Current Liabilities Total 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 And Short Term Investments of Chromadex Corp are associated (or correlated) with its Non Current Liabilities Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Liabilities Total has no effect on the direction of Cash And Short Term Investments i.e., Chromadex Corp's Cash And Short Term Investments and Non Current Liabilities Total go up and down completely randomly.

Correlation Coefficient

0.48
Relationship DirectionPositive 
Relationship StrengthWeak

Cash And Short Term Investments

Short Term Investments is an account in the current assets section of Chromadex Corp balance sheet. This account contains Chromadex Corp investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Chromadex Corp 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.

Non Current Liabilities Total

Most indicators from Chromadex Corp's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Chromadex Corp 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 Chromadex Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in interest.
For information on how to trade Chromadex Stock refer to our How to Trade Chromadex Stock guide.At present, Chromadex Corp's Enterprise Value is projected to increase significantly based on the last few years of reporting.
 2021 2022 2023 2024 (projected)
Interest Expense55K3K3.5K3.3K
Depreciation And Amortization1.6M1.9M1.7M863.7K

Chromadex Corp fundamental ratios Correlations

0.390.750.94-0.88-0.750.770.90.890.870.90.78-0.030.870.620.80.810.740.650.930.72-0.080.740.83-0.160.66
0.390.490.16-0.08-0.510.540.20.380.080.20.40.460.510.780.620.460.60.410.35-0.090.420.320.53-0.290.57
0.750.490.54-0.6-0.960.870.670.760.560.670.620.080.870.840.870.960.990.920.840.440.030.940.81-0.190.8
0.940.160.54-0.95-0.540.530.940.760.890.940.7-0.120.670.360.550.640.510.490.890.78-0.160.60.64-0.060.48
-0.88-0.08-0.6-0.950.58-0.48-0.99-0.7-0.87-0.99-0.550.15-0.61-0.37-0.48-0.69-0.55-0.58-0.92-0.810.19-0.7-0.570.09-0.49
-0.75-0.51-0.96-0.540.58-0.82-0.66-0.79-0.53-0.66-0.62-0.09-0.88-0.89-0.87-0.99-0.98-0.93-0.83-0.35-0.04-0.94-0.850.24-0.89
0.770.540.870.53-0.48-0.820.530.820.610.530.640.090.930.750.950.790.870.670.690.490.040.710.87-0.210.65
0.90.20.670.94-0.99-0.660.530.720.841.00.58-0.090.650.480.540.760.640.660.960.76-0.120.760.62-0.120.57
0.890.380.760.76-0.7-0.790.820.720.830.720.7-0.150.850.710.820.810.780.650.810.67-0.180.710.95-0.160.73
0.870.080.560.89-0.87-0.530.610.840.830.840.59-0.290.640.390.580.610.530.430.80.9-0.310.570.7-0.110.4
0.90.20.670.94-0.99-0.660.531.00.720.840.58-0.090.650.480.540.760.640.660.960.76-0.120.760.62-0.120.57
0.780.40.620.7-0.55-0.620.640.580.70.590.58-0.060.710.510.720.660.610.550.720.38-0.090.570.73-0.040.59
-0.030.460.08-0.120.15-0.090.09-0.09-0.15-0.29-0.09-0.060.230.210.120.060.13-0.01-0.03-0.380.99-0.11-0.140.410.07
0.870.510.870.67-0.61-0.880.930.650.850.640.650.710.230.760.940.870.870.720.790.460.180.760.86-0.060.72
0.620.780.840.36-0.37-0.890.750.480.710.390.480.510.210.760.830.850.920.790.660.160.170.740.83-0.350.89
0.80.620.870.55-0.48-0.870.950.540.820.580.540.720.120.940.830.840.890.730.720.370.060.740.9-0.230.75
0.810.460.960.64-0.69-0.990.790.760.810.610.760.660.060.870.850.840.960.940.90.440.010.960.84-0.20.88
0.740.60.990.51-0.55-0.980.870.640.780.530.640.610.130.870.920.890.960.910.820.370.080.910.84-0.240.85
0.650.410.920.49-0.58-0.930.670.660.650.430.660.55-0.010.720.790.730.940.910.810.27-0.070.960.71-0.250.85
0.930.350.840.89-0.92-0.830.690.960.810.80.960.72-0.030.790.660.720.90.820.810.67-0.070.870.76-0.150.73
0.72-0.090.440.78-0.81-0.350.490.760.670.90.760.38-0.380.460.160.370.440.370.270.67-0.390.470.5-0.110.15
-0.080.420.03-0.160.19-0.040.04-0.12-0.18-0.31-0.12-0.090.990.180.170.060.010.08-0.07-0.07-0.39-0.16-0.170.460.03
0.740.320.940.6-0.7-0.940.710.760.710.570.760.57-0.110.760.740.740.960.910.960.870.47-0.160.74-0.260.79
0.830.530.810.64-0.57-0.850.870.620.950.70.620.73-0.140.860.830.90.840.840.710.760.5-0.170.74-0.330.84
-0.16-0.29-0.19-0.060.090.24-0.21-0.12-0.16-0.11-0.12-0.040.41-0.06-0.35-0.23-0.2-0.24-0.25-0.15-0.110.46-0.26-0.33-0.35
0.660.570.80.48-0.49-0.890.650.570.730.40.570.590.070.720.890.750.880.850.850.730.150.030.790.84-0.35
Click cells to compare fundamentals

Chromadex Corp Account Relationship Matchups

Chromadex Corp fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets40.2M38.4M57.8M54.1M55.0M28.4M
Short Long Term Debt Total1.7M1.6M4.7M4.3M3.3M1.7M
Total Current Liabilities15.1M16.5M17.6M17.9M20.6M21.7M
Total Stockholder Equity20.4M16.4M31.7M28.7M28.5M15.9M
Net Debt(17.1M)(14.9M)(23.3M)(16.0M)(23.9M)(22.7M)
Retained Earnings(121.9M)(141.8M)(169.0M)(185.5M)(190.5M)(180.9M)
Accounts Payable9.6M9.4M10.4M9.7M10.2M5.6M
Cash18.8M16.5M28.0M20.2M27.3M28.7M
Non Current Assets Total6.7M6.1M8.9M7.5M5.4M4.3M
Non Currrent Assets Other762K625K723K497K383K354.2K
Cash And Short Term Investments18.8M16.5M28.0M20.2M27.3M28.7M
Net Receivables2.2M2.7M5.2M8.5M5.2M3.2M
Common Stock Total Equity60K62K68K74K85.1K69.4K
Common Stock Shares Outstanding57.1M61.1M67.2M69.7M75.0M43.1M
Liabilities And Stockholders Equity40.2M38.4M57.8M54.1M55.0M28.4M
Non Current Liabilities Total4.7M5.5M8.5M7.5M5.9M6.2M
Inventory11.5M11.7M13.6M14.7M14.5M7.4M
Other Stockholder Equity142.3M158.2M200.6M214.1M218.8M229.8M
Total Liab19.8M21.9M26.1M25.4M26.5M27.8M
Property Plant And Equipment Gross4.7M4.4M7.4M6.3M9.9M10.4M
Total Current Assets33.5M32.2M48.9M46.6M49.5M52.0M
Accumulated Other Comprehensive Income(2.1M)0.0(3K)(2K)(4K)(4.2K)
Intangible Assets1.3M1.1M857K671K510K694.8K
Common Stock60K62K68K74K75K70.5K
Other Current Liab4.4M5.5M5.4M5.9M8.1M8.5M
Property Plant And Equipment Net4.7M4.4M7.4M6.3M4.5M3.2M
Current Deferred Revenue169K278K161K157K195K263.8K
Other Current Assets996K1.3M3.7M3.0M2.5M2.6M
Short Term Debt853K1.2M1.1M1.4M1.4M1.5M
Other Liab3.9M4.4M4.3M4.0M4.5M4.8M
Net Tangible Assets19.1M16.4M30.9M28.0M32.2M18.4M
Other Assets762K625K723K497K571.6K600.1K
Retained Earnings Total Equity(121.9M)(141.8M)(169.0M)(185.5M)(166.9M)(158.6M)
Property Plant Equipment4.7M3.2M7.4M6.3M7.3M7.6M
Capital Surpluse142.3M158.2M200.6M214.1M246.2M258.5M
Capital Lease Obligations1.7M1.6M4.7M4.3M3.3M1.7M

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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
When determining whether Chromadex Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Chromadex Corp'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 Chromadex Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Chromadex Corp Stock:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Chromadex Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in interest.
For information on how to trade Chromadex Stock refer to our How to Trade Chromadex Stock guide.
You can also try the Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.
Is Life Sciences Tools & Services 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 Chromadex Corp. If investors know Chromadex 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 Chromadex Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
0.02
Revenue Per Share
1.215
Quarterly Revenue Growth
0.312
Return On Assets
0.0051
Return On Equity
0.0482
The market value of Chromadex Corp is measured differently than its book value, which is the value of Chromadex that is recorded on the company's balance sheet. Investors also form their own opinion of Chromadex Corp's value that differs from its market value or its book value, called intrinsic value, which is Chromadex Corp'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 Chromadex Corp's market value can be influenced by many factors that don't directly affect Chromadex Corp'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 Chromadex Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Chromadex Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Chromadex Corp'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.