Clene Net Invested Capital vs Net Tangible Assets Analysis

CLNNW Stock

USD 0.03 0 3.86%

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

Net Invested Capital vs Net Tangible Assets

Net Invested Capital vs Net Tangible Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Clene Inc Net Invested Capital account and Net Tangible Assets. At this time, the significance of the direction appears to have strong relationship.

The correlation between Clene's Net Invested Capital and Net Tangible Assets is 0.72. Overlapping area represents the amount of variation of Net Invested Capital that can explain the historical movement of Net Tangible Assets in the same time period over historical financial statements of Clene Inc, assuming nothing else is changed. The correlation between historical values of Clene's Net Invested Capital and Net Tangible 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 Net Invested Capital of Clene Inc are associated (or correlated) with its Net Tangible Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Tangible Assets has no effect on the direction of Net Invested Capital i.e., Clene's Net Invested Capital and Net Tangible Assets go up and down completely randomly.

Correlation Coefficient

0.72

Relationship Direction	Positive
Relationship Strength	Significant

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Net Invested Capital

The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.

Net Tangible Assets

The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.

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

Tax Provision is expected to grow at the current pace this year, whereas Selling General Administrative is likely to drop slightly above 12.2 M in 2025.

	2022	2023	2024	2025 (projected)
Reconciled Depreciation	1.0M	1.6M	1.6M	1.3M
Cost Of Revenue	26K	121K	70K	66.5K

Reconciled Depreciation Cost Of Revenue

Clene fundamental ratios Correlations

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Retained Earnings	Common Stock Shares Outstanding	Other Current Assets	Total Liab	Total Current Assets	Short Long Term Debt Total	Other Current Liab	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Non Current Liabilities Total	Capital Surpluse	Other Stockholder Equity	Short Term Debt	Common Stock	Long Term Debt	Net Receivables
Total Assets		0.71	0.2	-0.72	0.3	0.63	0.78	0.89	0.64	0.74	0.58	0.69	-0.51	0.51	0.84	-0.77	0.81	-0.83	0.85	-0.18	0.77	0.77	0.21	0.71	0.59	0.59
Total Current Liabilities	0.71		0.13	-0.85	0.61	0.74	0.56	0.73	0.84	0.65	0.85	0.73	-0.12	0.52	0.61	-0.75	0.82	-0.84	0.67	-0.5	0.85	0.88	0.68	0.9	0.61	0.36
Total Stockholder Equity	0.2	0.13		-0.02	-0.05	0.11	-0.45	0.18	0.27	-0.07	0.15	-0.24	-0.02	0.29	0.18	0.31	0.31	-0.24	0.2	-0.71	0.24	0.24	0.37	0.24	0.17	0.24
Retained Earnings	-0.72	-0.85	-0.02		-0.76	-0.84	-0.63	-0.73	-0.84	-0.72	-0.86	-0.95	0.08	-0.55	-0.59	0.86	-0.93	0.94	-0.62	0.44	-0.93	-0.95	-0.28	-0.62	-0.82	-0.2
Common Stock Shares Outstanding	0.3	0.61	-0.05	-0.76		0.5	0.3	0.26	0.54	0.46	0.59	0.7	0.18	0.06	0.17	-0.51	0.58	-0.58	0.19	-0.49	0.67	0.71	0.27	0.29	0.51	-0.03
Other Current Assets	0.63	0.74	0.11	-0.84	0.5		0.5	0.61	0.9	0.51	0.94	0.76	0.07	0.87	0.49	-0.72	0.85	-0.85	0.54	-0.47	0.9	0.87	0.28	0.62	0.96	0.0
Total Liab	0.78	0.56	-0.45	-0.63	0.3	0.5		0.7	0.41	0.71	0.43	0.77	-0.45	0.27	0.65	-0.89	0.53	-0.6	0.65	0.3	0.55	0.54	-0.04	0.5	0.42	0.4
Total Current Assets	0.89	0.73	0.18	-0.73	0.26	0.61	0.7		0.62	0.83	0.54	0.7	-0.67	0.48	0.97	-0.83	0.85	-0.87	0.98	-0.1	0.8	0.79	0.17	0.76	0.57	0.75
Short Long Term Debt Total	0.64	0.84	0.27	-0.84	0.54	0.9	0.41	0.62		0.37	0.97	0.7	0.14	0.8	0.48	-0.65	0.86	-0.85	0.54	-0.65	0.88	0.89	0.56	0.77	0.89	0.09
Other Current Liab	0.74	0.65	-0.07	-0.72	0.46	0.51	0.71	0.83	0.37		0.41	0.75	-0.65	0.21	0.81	-0.81	0.74	-0.77	0.8	0.03	0.71	0.71	-0.03	0.51	0.4	0.61
Property Plant And Equipment Net	0.58	0.85	0.15	-0.86	0.59	0.94	0.43	0.54	0.97	0.41		0.73	0.22	0.8	0.39	-0.66	0.83	-0.82	0.45	-0.63	0.87	0.87	0.55	0.72	0.88	-0.04
Current Deferred Revenue	0.69	0.73	-0.24	-0.95	0.7	0.76	0.77	0.7	0.7	0.75	0.73		-0.16	0.45	0.58	-0.93	0.83	-0.86	0.59	-0.17	0.83	0.85	0.05	0.49	0.75	0.18
Net Debt	-0.51	-0.12	-0.02	0.08	0.18	0.07	-0.45	-0.67	0.14	-0.65	0.22	-0.16		0.15	-0.8	0.4	-0.24	0.28	-0.75	-0.47	-0.21	-0.17	0.26	-0.29	0.11	-0.91
Accounts Payable	0.51	0.52	0.29	-0.55	0.06	0.87	0.27	0.48	0.8	0.21	0.8	0.45	0.15		0.35	-0.44	0.66	-0.65	0.41	-0.45	0.64	0.6	0.28	0.53	0.84	-0.09
Cash	0.84	0.61	0.18	-0.59	0.17	0.49	0.65	0.97	0.48	0.81	0.39	0.58	-0.8	0.35		-0.76	0.74	-0.76	1.0	0.02	0.71	0.69	0.1	0.71	0.44	0.86
Non Current Assets Total	-0.77	-0.75	0.31	0.86	-0.51	-0.72	-0.89	-0.83	-0.65	-0.81	-0.66	-0.93	0.4	-0.44	-0.76		-0.78	0.83	-0.77	-0.04	-0.8	-0.8	-0.08	-0.64	-0.66	-0.42
Non Currrent Assets Other	0.81	0.82	0.31	-0.93	0.58	0.85	0.53	0.85	0.86	0.74	0.83	0.83	-0.24	0.66	0.74	-0.78		-1.0	0.77	-0.52	0.97	0.97	0.29	0.69	0.84	0.38
Other Assets	-0.83	-0.84	-0.24	0.94	-0.58	-0.85	-0.6	-0.87	-0.85	-0.77	-0.82	-0.86	0.28	-0.65	-0.76	0.83	-1.0		-0.79	0.45	-0.97	-0.97	-0.27	-0.71	-0.83	-0.4
Cash And Short Term Investments	0.85	0.67	0.2	-0.62	0.19	0.54	0.65	0.98	0.54	0.8	0.45	0.59	-0.75	0.41	1.0	-0.77	0.77	-0.79		-0.04	0.75	0.72	0.18	0.78	0.47	0.84
Non Current Liabilities Total	-0.18	-0.5	-0.71	0.44	-0.49	-0.47	0.3	-0.1	-0.65	0.03	-0.63	-0.17	-0.47	-0.45	0.02	-0.04	-0.52	0.45	-0.04		-0.5	-0.54	-0.65	-0.37	-0.5	0.17
Capital Surpluse	0.77	0.85	0.24	-0.93	0.67	0.9	0.55	0.8	0.88	0.71	0.87	0.83	-0.21	0.64	0.71	-0.8	0.97	-0.97	0.75	-0.5		0.99	0.33	0.73	0.87	0.34
Other Stockholder Equity	0.77	0.88	0.24	-0.95	0.71	0.87	0.54	0.79	0.89	0.71	0.87	0.85	-0.17	0.6	0.69	-0.8	0.97	-0.97	0.72	-0.54	0.99		0.37	0.73	0.84	0.33
Short Term Debt	0.21	0.68	0.37	-0.28	0.27	0.28	-0.04	0.17	0.56	-0.03	0.55	0.05	0.26	0.28	0.1	-0.08	0.29	-0.27	0.18	-0.65	0.33	0.37		0.73	0.16	0.11
Common Stock	0.71	0.9	0.24	-0.62	0.29	0.62	0.5	0.76	0.77	0.51	0.72	0.49	-0.29	0.53	0.71	-0.64	0.69	-0.71	0.78	-0.37	0.73	0.73	0.73		0.49	0.56
Long Term Debt	0.59	0.61	0.17	-0.82	0.51	0.96	0.42	0.57	0.89	0.4	0.88	0.75	0.11	0.84	0.44	-0.66	0.84	-0.83	0.47	-0.5	0.87	0.84	0.16	0.49		-0.05
Net Receivables	0.59	0.36	0.24	-0.2	-0.03	0.0	0.4	0.75	0.09	0.61	-0.04	0.18	-0.91	-0.09	0.86	-0.42	0.38	-0.4	0.84	0.17	0.34	0.33	0.11	0.56	-0.05

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Clene Account Relationship Matchups

Clene fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	68.2M	63.1M	44.5M	52.3M	27.3M	43.7M
Total Current Liabilities	11.7M	6.0M	13.9M	25.3M	10.3M	9.9M
Total Stockholder Equity	341K	12.6M	3.2M	13.4M	(8.9M)	(9.3M)
Retained Earnings	(153.6M)	(163.3M)	(193.2M)	(242.7M)	(282.1M)	(268.0M)
Common Stock Shares Outstanding	3.5M	3.1M	3.3M	5.2M	7.0M	4.4M
Other Current Assets	1.4M	2.6M	5.6M	2.5M	3.5M	2.3M
Total Liab	67.9M	50.5M	41.3M	39.0M	36.2M	49.5M
Total Current Assets	63.0M	54.6M	29.2M	38.9M	16.2M	29.2M
Short Long Term Debt Total	4.3M	24.0M	31.8M	32.2M	20.8M	18.7M
Other Current Liab	9.5M	3.1M	3.3M	3.7M	5.1M	4.5M
Property Plant And Equipment Net	5.3M	8.4M	15.2M	13.4M	11.1M	10.0M
Net Debt	(55.0M)	(26.2M)	13.5M	3.3M	8.7M	9.1M
Accounts Payable	1.1M	1.9M	3.0M	1.5M	1.2M	1.7M
Cash	59.3M	50.3M	18.3M	28.8M	12.2M	11.5M
Non Current Assets Total	5.3M	8.5M	15.3M	13.5M	11.2M	12.1M
Cash And Short Term Investments	59.3M	50.3M	23.3M	35M	12.2M	11.5M
Liabilities And Stockholders Equity	68.2M	63.1M	44.5M	52.3M	27.3M	36.3M
Non Current Liabilities Total	56.2M	44.4M	27.4M	13.6M	25.9M	32.9M
Capital Surpluse	4.5M	153.6M	175.7M	196.2M	225.7M	117.7M
Other Stockholder Equity	153.6M	175.7M	196.2M	255.9M	273.2M	144.3M
Accumulated Other Comprehensive Income	325K	233K	203K	199K	71K	67.5K
Short Term Debt	768K	986K	7.5M	20.1M	1.3M	1.2M
Long Term Debt	1.9M	14.5M	19.3M	7.2M	15.4M	10.8M
Net Receivables	2.2M	1.6M	189K	1.3M	391K	371.5K
Capital Lease Obligations	2.4M	5.0M	6.2M	5.5M	5.1M	4.8M
Inventory	191K	41K	43K	37K	68K	54.4K
Net Invested Capital	2.3M	31.7M	28.9M	40.0M	6.9M	7.8M
Property Plant And Equipment Gross	4.2M	8.4M	15.2M	20.3M	19.0M	13.3M
Net Working Capital	51.3M	48.6M	15.3M	13.5M	5.9M	5.6M

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Clene Net Invested Capital vs Net Tangible Assets Analysis

Net Invested Capital vs Net Tangible Assets

Net Invested Capital vs Net Tangible Assets Correlation Analysis

Correlation Coefficient

Net Invested Capital

Net Tangible Assets

Clene fundamental ratios Correlations

Clene Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Clene fundamental ratios Accounts

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Additional Tools for Clene Stock Analysis

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Cash And Short Term Investments	+ 1.0	Cash
Other Stockholder Equity	+ 0.99	Capital Surpluse
Cash And Short Term Investments	+ 0.98	Total Current Assets
Cash	+ 0.97	Total Current Assets
Property Plant And Equipment Net	+ 0.97	Short Long Term Debt Total
Capital Surpluse	+ 0.97	Non Currrent Assets Other

Other Assets	- 1.0	Non Currrent Assets Other
Other Stockholder Equity	- 0.97	Other Assets
Capital Surpluse	- 0.97	Other Assets
Other Stockholder Equity	- 0.95	Retained Earnings
Current Deferred Revenue	- 0.95	Retained Earnings
Non Current Assets Total	- 0.93	Current Deferred Revenue