CareRx Long Term Debt vs Total Assets Analysis

CRRX Stock

CAD 1.89 0.01 0.53%

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

Long Term Debt vs Total Assets

Long Term Debt vs Total Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of CareRx Corp Long Term Debt account and Total Assets. At this time, the significance of the direction appears to have strong relationship.

The correlation between CareRx Corp's Long Term Debt and Total Assets is 0.62. Overlapping area represents the amount of variation of Long Term Debt that can explain the historical movement of Total Assets in the same time period over historical financial statements of CareRx Corp, assuming nothing else is changed. The correlation between historical values of CareRx Corp's Long Term Debt and Total 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 Long Term Debt of CareRx Corp are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Long Term Debt i.e., CareRx Corp's Long Term Debt and Total Assets go up and down completely randomly.

Correlation Coefficient

0.62

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Long Term Debt

Long-term debt is a debt that CareRx Corp has held for over one year. Long-term debt appears on CareRx Corp balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on CareRx Corp balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.

Total Assets

Total assets refers to the total amount of CareRx Corp assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in CareRx Corp books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

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

At this time, CareRx Corp's Issuance Of Capital Stock is very stable compared to the past year. As of the 1st of December 2024, Enterprise Value Over EBITDA is likely to grow to 7.80, while Selling General Administrative is likely to drop about 28.8 M.

	2021	2022	2023	2024 (projected)
Total Revenue	262.6M	381.7M	370.7M	389.3M
Depreciation And Amortization	15.4M	20.1M	20.0M	13.2M

Total Revenue Depreciation And Amortization

CareRx Corp fundamental ratios Correlations

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Other Stockholder Equity	Total Liab	Total Current Assets	Short Long Term Debt Total	Other Current Liab	Property Plant And Equipment Net	Other Current Assets	Property Plant And Equipment Gross	Short Term Debt	Intangible Assets	Good Will	Current Deferred Revenue	Non Current Liabilities Total	Inventory
Total Assets		0.5	0.43	0.85	0.26	0.88	0.1	0.89	0.13	0.09	0.83	-0.06	0.37	0.96	0.58	0.85	0.78	0.21	0.28	0.11	0.21	0.88	0.87	-0.11	0.8	0.52
Total Current Liabilities	0.5		0.2	0.34	0.37	0.55	-0.23	0.58	0.29	-0.22	0.24	-0.22	0.42	0.49	0.06	0.29	0.8	-0.07	0.06	-0.13	0.93	0.56	0.62	-0.24	-0.03	-0.2
Total Stockholder Equity	0.43	0.2		-0.03	-0.18	0.59	0.42	0.46	-0.57	0.42	0.42	0.64	-0.01	0.19	0.11	0.07	0.45	0.72	-0.2	0.72	-0.05	0.52	0.38	0.51	0.1	0.64
Net Debt	0.85	0.34	-0.03		0.27	0.62	-0.14	0.67	0.4	-0.14	0.69	-0.26	0.43	0.95	0.66	0.97	0.51	-0.04	0.49	-0.13	0.14	0.63	0.69	-0.35	0.88	0.28
Retained Earnings	0.26	0.37	-0.18	0.27		0.03	-0.55	0.34	0.81	-0.56	0.07	-0.81	0.04	0.31	-0.04	0.15	0.31	-0.71	0.1	-0.73	0.4	0.38	0.41	-0.81	0.15	-0.26
Accounts Payable	0.88	0.55	0.59	0.62	0.03		0.28	0.87	-0.19	0.28	0.83	0.2	0.23	0.78	0.37	0.63	0.83	0.46	0.01	0.37	0.22	0.85	0.82	0.17	0.56	0.58
Cash	0.1	-0.23	0.42	-0.14	-0.55	0.28		-0.09	-0.76	1.0	0.04	0.52	0.21	-0.04	0.37	0.03	-0.02	0.49	0.13	0.51	-0.35	-0.08	-0.19	0.66	0.09	0.32
Non Current Assets Total	0.89	0.58	0.46	0.67	0.34	0.87	-0.09		0.14	-0.09	0.89	-0.08	0.01	0.83	0.16	0.6	0.88	0.23	-0.15	0.11	0.27	0.98	0.98	-0.1	0.61	0.52
Non Currrent Assets Other	0.13	0.29	-0.57	0.4	0.81	-0.19	-0.76	0.14		-0.76	-0.03	-0.89	0.16	0.3	0.03	0.25	0.09	-0.84	0.26	-0.87	0.43	0.13	0.24	-0.93	0.17	-0.41
Cash And Short Term Investments	0.09	-0.22	0.42	-0.14	-0.56	0.28	1.0	-0.09	-0.76		0.04	0.52	0.21	-0.04	0.37	0.03	-0.02	0.48	0.13	0.51	-0.35	-0.08	-0.2	0.66	0.08	0.32
Net Receivables	0.83	0.24	0.42	0.69	0.07	0.83	0.04	0.89	-0.03	0.04		0.1	-0.14	0.78	0.21	0.63	0.66	0.4	-0.18	0.3	-0.09	0.85	0.85	0.02	0.75	0.73
Common Stock Shares Outstanding	-0.06	-0.22	0.64	-0.26	-0.81	0.2	0.52	-0.08	-0.89	0.52	0.1		-0.12	-0.22	0.01	-0.13	-0.04	0.94	-0.2	0.97	-0.37	-0.08	-0.15	0.85	-0.11	0.45
Other Stockholder Equity	0.37	0.42	-0.01	0.43	0.04	0.23	0.21	0.01	0.16	0.21	-0.14	-0.12		0.41	0.79	0.53	0.2	-0.15	0.87	-0.15	0.44	0.01	0.03	-0.11	0.21	-0.24
Total Liab	0.96	0.49	0.19	0.95	0.31	0.78	-0.04	0.83	0.3	-0.04	0.78	-0.22	0.41		0.61	0.93	0.71	0.05	0.37	-0.05	0.23	0.81	0.84	-0.24	0.86	0.37
Total Current Assets	0.58	0.06	0.11	0.66	-0.04	0.37	0.37	0.16	0.03	0.37	0.21	0.01	0.79	0.61		0.78	0.12	0.05	0.89	0.04	-0.05	0.16	0.13	-0.05	0.66	0.19
Short Long Term Debt Total	0.85	0.29	0.07	0.97	0.15	0.63	0.03	0.6	0.25	0.03	0.63	-0.13	0.53	0.93	0.78		0.47	0.07	0.59	-0.01	0.08	0.57	0.61	-0.21	0.89	0.3
Other Current Liab	0.78	0.8	0.45	0.51	0.31	0.83	-0.02	0.88	0.09	-0.02	0.66	-0.04	0.2	0.71	0.12	0.47		0.19	-0.09	0.1	0.54	0.87	0.89	-0.01	0.34	0.23
Property Plant And Equipment Net	0.21	-0.07	0.72	-0.04	-0.71	0.46	0.49	0.23	-0.84	0.48	0.4	0.94	-0.15	0.05	0.05	0.07	0.19		-0.27	0.99	-0.3	0.22	0.14	0.79	0.1	0.63
Other Current Assets	0.28	0.06	-0.2	0.49	0.1	0.01	0.13	-0.15	0.26	0.13	-0.18	-0.2	0.87	0.37	0.89	0.59	-0.09	-0.27		-0.25	0.12	-0.14	-0.13	-0.26	0.38	-0.22
Property Plant And Equipment Gross	0.11	-0.13	0.72	-0.13	-0.73	0.37	0.51	0.11	-0.87	0.51	0.3	0.97	-0.15	-0.05	0.04	-0.01	0.1	0.99	-0.25		-0.33	0.11	0.04	0.8	0.02	0.57
Short Term Debt	0.21	0.93	-0.05	0.14	0.4	0.22	-0.35	0.27	0.43	-0.35	-0.09	-0.37	0.44	0.23	-0.05	0.08	0.54	-0.3	0.12	-0.33		0.26	0.34	-0.39	-0.29	-0.48
Intangible Assets	0.88	0.56	0.52	0.63	0.38	0.85	-0.08	0.98	0.13	-0.08	0.85	-0.08	0.01	0.81	0.16	0.57	0.87	0.22	-0.14	0.11	0.26		0.96	-0.09	0.59	0.55
Good Will	0.87	0.62	0.38	0.69	0.41	0.82	-0.19	0.98	0.24	-0.2	0.85	-0.15	0.03	0.84	0.13	0.61	0.89	0.14	-0.13	0.04	0.34	0.96		-0.19	0.59	0.4
Current Deferred Revenue	-0.11	-0.24	0.51	-0.35	-0.81	0.17	0.66	-0.1	-0.93	0.66	0.02	0.85	-0.11	-0.24	-0.05	-0.21	-0.01	0.79	-0.26	0.8	-0.39	-0.09	-0.19		-0.14	0.36
Non Current Liabilities Total	0.8	-0.03	0.1	0.88	0.15	0.56	0.09	0.61	0.17	0.08	0.75	-0.11	0.21	0.86	0.66	0.89	0.34	0.1	0.38	0.02	-0.29	0.59	0.59	-0.14		0.54
Inventory	0.52	-0.2	0.64	0.28	-0.26	0.58	0.32	0.52	-0.41	0.32	0.73	0.45	-0.24	0.37	0.19	0.3	0.23	0.63	-0.22	0.57	-0.48	0.55	0.4	0.36	0.54

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CareRx Corp Account Relationship Matchups

CareRx Corp fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	87.1M	156.1M	282.8M	264.5M	231.9M	178.4M
Total Current Liabilities	68.0M	43.3M	53.0M	63.9M	62.4M	60.0M
Total Stockholder Equity	(20.0M)	11.3M	82.3M	64.5M	81.5M	85.6M
Net Debt	66.2M	62.6M	89.9M	106.9M	89.8M	92.7M
Retained Earnings	(201.9M)	(220.2M)	(242.9M)	(277.3M)	(282.7M)	(268.6M)
Accounts Payable	11.8M	16.4M	33.2M	30.5M	29.1M	17.0M
Cash	61K	19.6M	35.6M	28.4M	7.7M	6.6M
Non Current Assets Total	68.0M	110.9M	187.6M	175.4M	166.5M	125.6M
Non Currrent Assets Other	(68.0M)	(110.9M)	(187.6M)	(175.4M)	(157.8M)	(149.9M)
Cash And Short Term Investments	61K	19.6M	35.6M	28.4M	7.7M	6.7M
Net Receivables	12.6M	15.4M	38.1M	37.3M	36.1M	22.2M
Common Stock Shares Outstanding	11.0M	20.3M	34.9M	47.6M	57.3M	60.2M
Liabilities And Stockholders Equity	87.1M	156.1M	282.8M	264.5M	231.9M	178.4M
Other Stockholder Equity	30.1M	41.7M	41.8M	34.5M	33.6M	33.0M
Total Liab	107.0M	144.8M	200.5M	200.1M	150.4M	156.1M
Total Current Assets	19.1M	45.2M	95.2M	89.2M	65.4M	52.8M
Short Long Term Debt Total	66.2M	85.8M	131.4M	135.2M	97.5M	139.4M
Other Current Liab	3.8M	20.9M	18.5M	23.4M	21.0M	15.5M
Property Plant And Equipment Net	20.0M	21.1M	38.2M	52.4M	52.1M	54.7M
Other Current Assets	1.3M	1.6M	3.5M	2.6M	2.0M	1.9M
Property Plant And Equipment Gross	20.0M	21.1M	56.6M	74.0M	78.9M	82.8M
Accumulated Other Comprehensive Income	10.8M	(18.4M)	9.4M	7.5M	7.3M	7.7M
Short Term Debt	45.6M	6.1M	1.3M	10.0M	12.4M	11.8M
Intangible Assets	18.7M	35.3M	54.6M	53.0M	44.3M	43.7M
Good Will	27.2M	51.7M	92.1M	70.0M	80.5M	77.9M
Current Deferred Revenue	11K	6.9M	17.3M	13.1M	15.1M	15.8M
Non Current Liabilities Total	39.0M	101.5M	147.6M	136.2M	87.9M	102.5M
Inventory	5.2M	8.6M	18.0M	20.3M	19.7M	12.3M
Common Stock	141.1M	189.8M	283.5M	299.8M	323.3M	184.6M
Long Term Debt	13.0M	71.9M	112.0M	99.4M	57.1M	59.3M
Long Term Debt Total	20.6M	79.7M	130.2M	125.2M	112.7M	67.1M
Capital Surpluse	30.1M	31.4M	32.3M	34.5M	39.7M	32.0M
Property Plant Equipment	20.0M	21.1M	38.2M	52.4M	60.3M	63.3M
Other Liab	18.4M	21.7M	17.4M	11.0M	9.9M	15.6M
Net Tangible Assets	(65.9M)	(75.8M)	(64.4M)	(58.5M)	(67.3M)	(70.6M)
Capital Lease Obligations	9.0M	9.6M	18.7M	28.4M	30.8M	32.3M
Short Long Term Debt	44.3M	4.2M	733K	7.4M	9.9M	9.4M
Non Current Liabilities Other	2.5M	4.0M	2.6M	3.7M	2.8M	2.6M
Cash And Equivalents	61K	19.6M	35.6M	28.4M	32.6M	34.3M

Pair Trading with CareRx Corp

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if CareRx Corp position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in CareRx Corp will appreciate offsetting losses from the drop in the long position's value.

Moving against CareRx Stock

0.33	TSLA	Tesla Inc CDR	Pair Corr
0.31	BRK	Berkshire Hathaway CDR	Pair Corr

The ability to find closely correlated positions to CareRx Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CareRx Corp when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back CareRx Corp - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling CareRx Corp to buy it.

The correlation of CareRx Corp is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as CareRx Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CareRx Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for CareRx Corp can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

Other Information on Investing in CareRx Stock

Balance Sheet is a snapshot of the financial position of CareRx Corp at a specified time, usually calculated after every quarter, six months, or one year. CareRx Corp Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of CareRx Corp and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which CareRx currently owns. An asset can also be divided into two categories, current and non-current.

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CareRx Long Term Debt vs Total Assets Analysis

Long Term Debt vs Total Assets

Long Term Debt vs Total Assets Correlation Analysis

Correlation Coefficient

Long Term Debt

Total Assets

CareRx Corp fundamental ratios Correlations

CareRx Corp Account Relationship Matchups

High Positive Relationship

High Negative Relationship

CareRx Corp fundamental ratios Accounts

Pair Trading with CareRx Corp

Moving against CareRx Stock

Other Information on Investing in CareRx Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 1.0	Cash
Property Plant And Equipment Gross	+ 0.99	Property Plant And Equipment Net
Intangible Assets	+ 0.98	Non Current Assets Total
Good Will	+ 0.98	Non Current Assets Total
Short Long Term Debt Total	+ 0.97	Net Debt
Property Plant And Equipment Gross	+ 0.97	Common Stock Shares Outstanding

Current Deferred Revenue	- 0.93	Non Currrent Assets Other
Common Stock Shares Outstanding	- 0.89	Non Currrent Assets Other
Property Plant And Equipment Gross	- 0.87	Non Currrent Assets Other
Property Plant And Equipment Net	- 0.84	Non Currrent Assets Other
Current Deferred Revenue	- 0.81	Retained Earnings
Common Stock Shares Outstanding	- 0.81	Retained Earnings