CVRx Income Before Tax vs Reconciled Depreciation Analysis

CVRX Stock

USD 15.53 0.68 4.58%

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

Income Before Tax vs Reconciled Depreciation

Income Before Tax vs Reconciled Depreciation Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of CVRx Inc Income Before Tax account and Reconciled Depreciation. At this time, the significance of the direction appears to have pay attention.

The correlation between CVRx's Income Before Tax and Reconciled Depreciation is -0.86. Overlapping area represents the amount of variation of Income Before Tax that can explain the historical movement of Reconciled Depreciation in the same time period over historical financial statements of CVRx Inc, assuming nothing else is changed. The correlation between historical values of CVRx's Income Before Tax and Reconciled Depreciation is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Income Before Tax of CVRx Inc are associated (or correlated) with its Reconciled Depreciation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Reconciled Depreciation has no effect on the direction of Income Before Tax i.e., CVRx's Income Before Tax and Reconciled Depreciation go up and down completely randomly.

Correlation Coefficient

-0.86

Relationship Direction	Negative
Relationship Strength	Significant

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Income Before Tax

Income Before Tax which can also be referred as pre-tax income is reported on CVRx income statement and is an important metric when analyzing CVRx Inc profitability. Accounting techniques because taxes can be complex, and not perfectly consistent from one company to company, an analyst may use pre-tax income as a more stable measure of profitability.

Reconciled Depreciation

Most indicators from CVRx's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into CVRx 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 CVRx 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 metropolitan statistical area.

Tax Provision is likely to drop to about 108.7 K in 2024. Selling General Administrative is likely to drop to about 34.2 M in 2024

	2021	2022	2023	2024 (projected)
Gross Profit	9.4M	17.5M	33.0M	34.7M
Total Revenue	13.0M	22.5M	39.3M	41.3M

Gross Profit Total Revenue

CVRx fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Property Plant And Equipment Net	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	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Net Invested Capital
Total Assets		-0.35	-0.97	-0.84	0.97	0.81	0.96	0.86	-0.97	-0.82	0.7	1.0	0.86	0.56	0.56	-0.4	1.0	0.8	0.93	0.8	-0.94	0.76	0.98	0.98	-0.94	0.96
Short Long Term Debt Total	-0.35		0.21	0.29	-0.29	0.12	-0.22	0.07	0.54	-0.09	0.12	-0.41	0.07	0.52	0.53	1.0	-0.41	0.11	-0.13	-0.02	0.27	0.23	-0.46	-0.24	0.27	-0.25
Other Current Liab	-0.97	0.21		0.89	-0.97	-0.82	-0.98	-0.87	0.91	0.9	-0.71	-0.96	-0.87	-0.67	-0.67	0.26	-0.96	-0.81	-0.97	-0.91	0.95	-0.79	-0.94	-0.96	0.95	-0.97
Total Current Liabilities	-0.84	0.29	0.89		-0.8	-0.55	-0.81	-0.57	0.83	0.7	-0.32	-0.86	-0.57	-0.41	-0.39	0.33	-0.86	-0.47	-0.79	-0.81	0.77	-0.45	-0.81	-0.75	0.78	-0.8
Total Stockholder Equity	0.97	-0.29	-0.97	-0.8		0.77	1.0	0.9	-0.91	-0.88	0.77	0.95	0.9	0.65	0.65	-0.35	0.95	0.85	0.98	0.88	-1.0	0.8	0.97	0.96	-1.0	1.0
Other Liab	0.81	0.12	-0.82	-0.55	0.77		0.79	0.91	-0.68	-0.86	0.87	0.76	0.91	0.81	0.81	0.07	0.76	0.92	0.82	0.74	-0.74	0.93	0.7	0.89	-0.74	0.78
Net Tangible Assets	0.96	-0.22	-0.98	-0.81	1.0	0.79		0.91	-0.89	-0.91	0.79	0.94	0.91	0.7	0.7	-0.28	0.94	0.87	0.99	0.91	-1.0	0.83	0.95	0.96	-1.0	1.0
Property Plant And Equipment Net	0.86	0.07	-0.87	-0.57	0.9	0.91	0.91		-0.73	-0.91	0.93	0.81	1.0	0.87	0.87	0.01	0.81	0.99	0.93	0.8	-0.9	0.98	0.82	0.93	-0.9	0.91
Net Debt	-0.97	0.54	0.91	0.83	-0.91	-0.68	-0.89	-0.73		0.67	-0.55	-0.99	-0.73	-0.36	-0.35	0.59	-0.99	-0.66	-0.84	-0.68	0.88	-0.6	-0.98	-0.92	0.88	-0.9
Retained Earnings	-0.82	-0.09	0.9	0.7	-0.88	-0.86	-0.91	-0.91	0.67		-0.86	-0.77	-0.91	-0.87	-0.87	-0.04	-0.77	-0.9	-0.95	-0.97	0.89	-0.89	-0.77	-0.86	0.89	-0.9
Accounts Payable	0.7	0.12	-0.71	-0.32	0.77	0.87	0.79	0.93	-0.55	-0.86		0.63	0.93	0.84	0.85	0.06	0.63	0.97	0.82	0.72	-0.78	0.96	0.66	0.8	-0.78	0.78
Cash	1.0	-0.41	-0.96	-0.86	0.95	0.76	0.94	0.81	-0.99	-0.77	0.63		0.81	0.49	0.49	-0.46	1.0	0.74	0.91	0.78	-0.92	0.7	0.98	0.96	-0.92	0.94
Non Current Assets Total	0.86	0.07	-0.87	-0.57	0.9	0.91	0.91	1.0	-0.73	-0.91	0.93	0.81		0.87	0.87	0.01	0.81	0.99	0.93	0.8	-0.9	0.98	0.82	0.93	-0.9	0.91
Non Currrent Assets Other	0.56	0.52	-0.67	-0.41	0.65	0.81	0.7	0.87	-0.36	-0.87	0.84	0.49	0.87		1.0	0.47	0.49	0.88	0.76	0.76	-0.67	0.92	0.48	0.66	-0.67	0.68
Other Assets	0.56	0.53	-0.67	-0.39	0.65	0.81	0.7	0.87	-0.35	-0.87	0.85	0.49	0.87	1.0		0.47	0.49	0.88	0.76	0.75	-0.66	0.92	0.48	0.66	-0.66	0.67
Long Term Debt	-0.4	1.0	0.26	0.33	-0.35	0.07	-0.28	0.01	0.59	-0.04	0.06	-0.46	0.01	0.47	0.47		-0.46	0.05	-0.19	-0.07	0.33	0.17	-0.52	-0.3	0.33	-0.31
Cash And Short Term Investments	1.0	-0.41	-0.96	-0.86	0.95	0.76	0.94	0.81	-0.99	-0.77	0.63	1.0	0.81	0.49	0.49	-0.46		0.74	0.91	0.78	-0.92	0.7	0.98	0.96	-0.92	0.94
Net Receivables	0.8	0.11	-0.81	-0.47	0.85	0.92	0.87	0.99	-0.66	-0.9	0.97	0.74	0.99	0.88	0.88	0.05	0.74		0.89	0.77	-0.85	0.99	0.76	0.89	-0.85	0.86
Common Stock Total Equity	0.93	-0.13	-0.97	-0.79	0.98	0.82	0.99	0.93	-0.84	-0.95	0.82	0.91	0.93	0.76	0.76	-0.19	0.91	0.89		0.94	-0.98	0.86	0.92	0.95	-0.98	0.99
Common Stock Shares Outstanding	0.8	-0.02	-0.91	-0.81	0.88	0.74	0.91	0.8	-0.68	-0.97	0.72	0.78	0.8	0.76	0.75	-0.07	0.78	0.77	0.94		-0.88	0.75	0.77	0.81	-0.88	0.89
Non Current Liabilities Total	-0.94	0.27	0.95	0.77	-1.0	-0.74	-1.0	-0.9	0.88	0.89	-0.78	-0.92	-0.9	-0.67	-0.66	0.33	-0.92	-0.85	-0.98	-0.88		-0.8	-0.96	-0.94	1.0	-1.0
Inventory	0.76	0.23	-0.79	-0.45	0.8	0.93	0.83	0.98	-0.6	-0.89	0.96	0.7	0.98	0.92	0.92	0.17	0.7	0.99	0.86	0.75	-0.8		0.69	0.86	-0.8	0.81
Other Current Assets	0.98	-0.46	-0.94	-0.81	0.97	0.7	0.95	0.82	-0.98	-0.77	0.66	0.98	0.82	0.48	0.48	-0.52	0.98	0.76	0.92	0.77	-0.96	0.69		0.95	-0.96	0.96
Other Stockholder Equity	0.98	-0.24	-0.96	-0.75	0.96	0.89	0.96	0.93	-0.92	-0.86	0.8	0.96	0.93	0.66	0.66	-0.3	0.96	0.89	0.95	0.81	-0.94	0.86	0.95		-0.94	0.96
Total Liab	-0.94	0.27	0.95	0.78	-1.0	-0.74	-1.0	-0.9	0.88	0.89	-0.78	-0.92	-0.9	-0.67	-0.66	0.33	-0.92	-0.85	-0.98	-0.88	1.0	-0.8	-0.96	-0.94		-1.0
Net Invested Capital	0.96	-0.25	-0.97	-0.8	1.0	0.78	1.0	0.91	-0.9	-0.9	0.78	0.94	0.91	0.68	0.67	-0.31	0.94	0.86	0.99	0.89	-1.0	0.81	0.96	0.96	-1.0

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CVRx Income Before Tax vs Reconciled Depreciation Analysis

Income Before Tax vs Reconciled Depreciation

Income Before Tax vs Reconciled Depreciation Correlation Analysis

Correlation Coefficient

Income Before Tax

Reconciled Depreciation

CVRx fundamental ratios Correlations

CVRx Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Also Currently Popular

Additional Tools for CVRx Stock Analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash	+ 1.0	Total Assets
Cash And Short Term Investments	+ 1.0	Total Assets
Long Term Debt	+ 1.0	Short Long Term Debt Total
Net Tangible Assets	+ 1.0	Total Stockholder Equity
Net Invested Capital	+ 1.0	Total Stockholder Equity
Net Invested Capital	+ 1.0	Net Tangible Assets

Net Invested Capital	- 1.0	Total Liab
Net Invested Capital	- 1.0	Non Current Liabilities Total
Total Liab	- 1.0	Net Tangible Assets
Non Current Liabilities Total	- 1.0	Net Tangible Assets
Total Liab	- 1.0	Total Stockholder Equity
Non Current Liabilities Total	- 1.0	Total Stockholder Equity