Edgewise Net Invested Capital vs Other Current Assets Analysis

EWTX Stock

USD 31.98 0.22 0.68%

Edgewise Therapeutics financial indicator trend analysis is much more than just examining Edgewise Therapeutics latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Edgewise Therapeutics is a good investment. Please check the relationship between Edgewise Therapeutics Net Invested Capital and its Other Current Assets accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Edgewise Therapeutics. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

For more information on how to buy Edgewise Stock please use our How to Invest in Edgewise Therapeutics guide.

Net Invested Capital vs Other Current Assets

Net Invested Capital vs Other Current Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Edgewise Therapeutics Net Invested Capital account and Other Current Assets. At this time, the significance of the direction appears to have totally related.

The correlation between Edgewise Therapeutics' Net Invested Capital and Other Current Assets is 0.99. Overlapping area represents the amount of variation of Net Invested Capital that can explain the historical movement of Other Current Assets in the same time period over historical financial statements of Edgewise Therapeutics, assuming nothing else is changed. The correlation between historical values of Edgewise Therapeutics' Net Invested Capital and Other Current 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 Edgewise Therapeutics are associated (or correlated) with its Other Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Assets has no effect on the direction of Net Invested Capital i.e., Edgewise Therapeutics' Net Invested Capital and Other Current Assets go up and down completely randomly.

Correlation Coefficient

0.99

Relationship Direction	Positive
Relationship Strength	Very Strong

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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.

Other Current Assets

Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.

Most indicators from Edgewise Therapeutics' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Edgewise Therapeutics 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Edgewise Therapeutics. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

For more information on how to buy Edgewise Stock please use our How to Invest in Edgewise Therapeutics guide.Selling General Administrative is likely to rise to about 24.6 M in 2024, despite the fact that Issuance Of Capital Stock is likely to grow to (527.2 K).

	2021	2022	2023	2024 (projected)
Interest Income	402K	4.0M	14.2M	14.9M
Net Interest Income	402K	4.0M	14.2M	14.9M

Interest Income Net Interest Income

Edgewise Therapeutics fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Tangible Assets	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Cash And Short Term Investments	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Current Assets	Other Stockholder Equity	Total Liab	Net Invested Capital	Property Plant And Equipment Gross	Total Current Assets	Net Working Capital	Property Plant Equipment	Non Currrent Assets Other	Other Assets	Deferred Long Term Liab
Total Assets		-0.38	0.99	0.99	0.97	0.94	0.81	-0.84	-0.86	0.98	0.82	0.93	1.0	0.74	-0.39	0.97	0.97	-0.2	0.97	0.77	1.0	1.0	0.83	0.55	-0.95	-0.97
Short Long Term Debt Total	-0.38		-0.41	-0.43	-0.58	-0.58	-0.47	0.55	0.46	-0.43	-0.27	-0.46	-0.37	-0.42	1.0	-0.54	-0.55	0.97	-0.58	-0.46	-0.37	-0.37	-0.48	-0.28	0.55	0.56
Other Current Liab	0.99	-0.41		1.0	0.97	0.95	0.86	-0.78	-0.91	0.95	0.74	0.95	0.98	0.82	-0.42	0.98	0.99	-0.23	0.97	0.82	0.99	0.99	0.87	0.46	-0.96	-0.97
Total Current Liabilities	0.99	-0.43	1.0		0.97	0.95	0.86	-0.8	-0.9	0.97	0.77	0.97	0.99	0.8	-0.44	0.99	0.99	-0.25	0.97	0.82	0.99	0.99	0.88	0.51	-0.96	-0.97
Total Stockholder Equity	0.97	-0.58	0.97	0.97		0.95	0.8	-0.89	-0.84	0.97	0.81	0.93	0.97	0.73	-0.59	0.99	0.99	-0.43	1.0	0.75	0.97	0.97	0.82	0.59	-0.95	-0.99
Net Tangible Assets	0.94	-0.58	0.95	0.95	0.95		0.91	-0.76	-0.95	0.92	0.66	0.9	0.94	0.84	-0.59	0.95	0.96	-0.38	0.95	0.89	0.94	0.94	0.92	0.38	-0.99	-0.96
Property Plant And Equipment Net	0.81	-0.47	0.86	0.86	0.8	0.91		-0.52	-0.98	0.79	0.42	0.89	0.8	0.93	-0.47	0.84	0.85	-0.25	0.8	0.99	0.81	0.8	1.0	0.14	-0.94	-0.79
Net Debt	-0.84	0.55	-0.78	-0.8	-0.89	-0.76	-0.52		0.54	-0.9	-0.95	-0.77	-0.84	-0.34	0.57	-0.87	-0.81	0.46	-0.89	-0.43	-0.84	-0.84	-0.55	-0.87	0.76	0.87
Retained Earnings	-0.86	0.46	-0.91	-0.9	-0.84	-0.95	-0.98	0.54		-0.81	-0.45	-0.87	-0.85	-0.95	0.46	-0.86	-0.89	0.24	-0.84	-0.98	-0.86	-0.86	-0.97	-0.12	0.96	0.85
Accounts Payable	0.98	-0.43	0.95	0.97	0.97	0.92	0.79	-0.9	-0.81		0.88	0.95	0.98	0.66	-0.44	0.98	0.95	-0.26	0.97	0.73	0.98	0.98	0.82	0.67	-0.93	-0.95
Cash	0.82	-0.27	0.74	0.77	0.81	0.66	0.42	-0.95	-0.45	0.88		0.72	0.83	0.24	-0.28	0.8	0.74	-0.18	0.81	0.32	0.82	0.83	0.46	0.91	-0.67	-0.79
Non Current Assets Total	0.93	-0.46	0.95	0.97	0.93	0.9	0.89	-0.77	-0.87	0.95	0.72		0.93	0.81	-0.47	0.97	0.96	-0.29	0.93	0.83	0.93	0.93	0.91	0.52	-0.94	-0.9
Cash And Short Term Investments	1.0	-0.37	0.98	0.99	0.97	0.94	0.8	-0.84	-0.85	0.98	0.83	0.93		0.72	-0.39	0.97	0.97	-0.19	0.97	0.76	1.0	1.0	0.82	0.56	-0.94	-0.97
Common Stock Shares Outstanding	0.74	-0.42	0.82	0.8	0.73	0.84	0.93	-0.34	-0.95	0.66	0.24	0.81	0.72		-0.43	0.76	0.81	-0.24	0.73	0.96	0.73	0.73	0.92	-0.07	-0.85	-0.73
Non Current Liabilities Total	-0.39	1.0	-0.42	-0.44	-0.59	-0.59	-0.47	0.57	0.46	-0.44	-0.28	-0.47	-0.39	-0.43		-0.55	-0.56	0.96	-0.59	-0.46	-0.39	-0.39	-0.48	-0.3	0.56	0.58
Other Current Assets	0.97	-0.54	0.98	0.99	0.99	0.95	0.84	-0.87	-0.86	0.98	0.8	0.97	0.97	0.76	-0.55		0.99	-0.37	0.99	0.79	0.97	0.97	0.86	0.59	-0.96	-0.97
Other Stockholder Equity	0.97	-0.55	0.99	0.99	0.99	0.96	0.85	-0.81	-0.89	0.95	0.74	0.96	0.97	0.81	-0.56	0.99		-0.39	0.99	0.81	0.97	0.97	0.86	0.49	-0.96	-0.98
Total Liab	-0.2	0.97	-0.23	-0.25	-0.43	-0.38	-0.25	0.46	0.24	-0.26	-0.18	-0.29	-0.19	-0.24	0.96	-0.37	-0.39		-0.43	-0.23	-0.19	-0.19	-0.25	-0.28	0.35	0.41
Net Invested Capital	0.97	-0.58	0.97	0.97	1.0	0.95	0.8	-0.89	-0.84	0.97	0.81	0.93	0.97	0.73	-0.59	0.99	0.99	-0.43		0.75	0.97	0.97	0.82	0.59	-0.95	-0.99
Property Plant And Equipment Gross	0.77	-0.46	0.82	0.82	0.75	0.89	0.99	-0.43	-0.98	0.73	0.32	0.83	0.76	0.96	-0.46	0.79	0.81	-0.23	0.75		0.77	0.76	0.98	0.02	-0.91	-0.75
Total Current Assets	1.0	-0.37	0.99	0.99	0.97	0.94	0.81	-0.84	-0.86	0.98	0.82	0.93	1.0	0.73	-0.39	0.97	0.97	-0.19	0.97	0.77		1.0	0.82	0.55	-0.94	-0.97
Net Working Capital	1.0	-0.37	0.99	0.99	0.97	0.94	0.8	-0.84	-0.86	0.98	0.83	0.93	1.0	0.73	-0.39	0.97	0.97	-0.19	0.97	0.76	1.0		0.82	0.56	-0.94	-0.97
Property Plant Equipment	0.83	-0.48	0.87	0.88	0.82	0.92	1.0	-0.55	-0.97	0.82	0.46	0.91	0.82	0.92	-0.48	0.86	0.86	-0.25	0.82	0.98	0.82	0.82		0.19	-0.94	-0.8
Non Currrent Assets Other	0.55	-0.28	0.46	0.51	0.59	0.38	0.14	-0.87	-0.12	0.67	0.91	0.52	0.56	-0.07	-0.3	0.59	0.49	-0.28	0.59	0.02	0.55	0.56	0.19		-0.4	-0.54
Other Assets	-0.95	0.55	-0.96	-0.96	-0.95	-0.99	-0.94	0.76	0.96	-0.93	-0.67	-0.94	-0.94	-0.85	0.56	-0.96	-0.96	0.35	-0.95	-0.91	-0.94	-0.94	-0.94	-0.4		0.95
Deferred Long Term Liab	-0.97	0.56	-0.97	-0.97	-0.99	-0.96	-0.79	0.87	0.85	-0.95	-0.79	-0.9	-0.97	-0.73	0.58	-0.97	-0.98	0.41	-0.99	-0.75	-0.97	-0.97	-0.8	-0.54	0.95

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Edgewise Therapeutics Account Relationship Matchups

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Edgewise Net Invested Capital vs Other Current Assets Analysis

Net Invested Capital vs Other Current Assets

Net Invested Capital vs Other Current Assets Correlation Analysis

Correlation Coefficient

Net Invested Capital

Other Current Assets

Edgewise Therapeutics fundamental ratios Correlations

Edgewise Therapeutics Account Relationship Matchups

High Positive Relationship

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COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 1.0	Total Assets
Total Current Assets	+ 1.0	Total Assets
Net Working Capital	+ 1.0	Total Assets
Non Current Liabilities Total	+ 1.0	Short Long Term Debt Total
Total Current Liabilities	+ 1.0	Other Current Liab
Net Invested Capital	+ 1.0	Total Stockholder Equity

Deferred Long Term Liab	- 0.99	Net Invested Capital
Other Assets	- 0.99	Net Tangible Assets
Deferred Long Term Liab	- 0.99	Total Stockholder Equity
Deferred Long Term Liab	- 0.98	Other Stockholder Equity
Property Plant And Equipment Gross	- 0.98	Retained Earnings
Retained Earnings	- 0.98	Property Plant And Equipment Net