Inspiration Research Development vs Net Income Analysis

IHC Stock   15.50  0.25  1.59%   
Inspiration Healthcare financial indicator trend analysis is infinitely more than just investigating Inspiration Healthcare recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Inspiration Healthcare is a good investment. Please check the relationship between Inspiration Healthcare Research Development and its Net Income accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Inspiration Healthcare Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

Research Development vs Net Income

Research Development vs Net Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Inspiration Healthcare Research Development account and Net Income. At this time, the significance of the direction appears to have weak relationship.
The correlation between Inspiration Healthcare's Research Development and Net Income is 0.33. Overlapping area represents the amount of variation of Research Development that can explain the historical movement of Net Income in the same time period over historical financial statements of Inspiration Healthcare Group, assuming nothing else is changed. The correlation between historical values of Inspiration Healthcare's Research Development and Net Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Research Development of Inspiration Healthcare Group are associated (or correlated) with its Net Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income has no effect on the direction of Research Development i.e., Inspiration Healthcare's Research Development and Net Income go up and down completely randomly.

Correlation Coefficient

0.33
Relationship DirectionPositive 
Relationship StrengthVery Weak

Research Development

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in Inspiration Healthcare financial statement analysis. It represents the amount of money remaining after all of Inspiration Healthcare Group operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.
Most indicators from Inspiration Healthcare's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Inspiration Healthcare 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Inspiration Healthcare Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.
As of November 27, 2024, Selling General Administrative is expected to decline to about 2.4 M. In addition to that, Tax Provision is expected to decline to about 202.1 K
 2020 2021 2022 2023 (projected)
Gross Profit17.1M20.2M17.6M17.9M
Total Revenue37.0M41.1M41.2M37.6M

Inspiration Healthcare fundamental ratios Correlations

0.910.820.960.990.940.70.50.450.940.990.130.940.940.940.830.980.920.990.50.920.940.720.670.960.78
0.910.550.870.871.00.610.810.340.860.94-0.20.830.990.930.850.961.00.840.740.740.790.610.90.910.7
0.820.550.850.840.60.680.020.550.840.740.580.850.620.740.460.750.570.890.140.780.90.50.280.760.49
0.960.870.850.940.890.740.480.560.990.940.280.980.90.940.750.970.880.970.540.840.980.580.680.950.68
0.990.870.840.940.90.680.420.440.910.980.160.930.910.910.820.950.880.990.430.950.930.740.60.940.8
0.941.00.60.890.90.630.760.350.880.97-0.160.861.00.930.870.971.00.880.690.790.820.650.850.930.74
0.70.610.680.740.680.630.290.370.750.660.270.740.640.680.50.70.620.720.260.580.740.40.480.690.44
0.50.810.020.480.420.760.290.070.50.58-0.540.430.750.640.580.640.80.390.870.250.350.280.940.550.36
0.450.340.550.560.440.350.370.070.560.380.450.650.320.340.260.450.330.490.320.390.63-0.170.170.560.39
0.940.860.840.990.910.880.750.50.560.910.260.980.890.910.720.960.870.950.540.790.970.540.690.960.66
0.990.940.740.940.980.970.660.580.380.910.010.90.970.940.860.980.950.960.560.910.890.750.730.950.8
0.13-0.20.580.280.16-0.160.27-0.540.450.260.010.29-0.130.1-0.180.07-0.180.26-0.170.20.39-0.07-0.270.07-0.05
0.940.830.850.980.930.860.740.430.650.980.90.290.860.880.750.940.840.960.480.820.990.520.610.950.7
0.940.990.620.90.911.00.640.750.320.890.97-0.130.860.960.850.980.990.890.680.790.830.670.860.920.71
0.940.930.740.940.910.930.680.640.340.910.940.10.880.960.720.970.930.920.650.760.880.640.830.870.57
0.830.850.460.750.820.870.50.580.260.720.86-0.180.750.850.720.820.850.780.50.810.720.70.630.840.87
0.980.960.750.970.950.970.70.640.450.960.980.070.940.980.970.820.960.960.630.830.930.650.790.960.71
0.921.00.570.880.881.00.620.80.330.870.95-0.180.840.990.930.850.960.860.730.750.80.630.890.910.71
0.990.840.890.970.990.880.720.390.490.950.960.260.960.890.920.780.960.860.420.920.970.680.590.940.74
0.50.740.140.540.430.690.260.870.320.540.56-0.170.480.680.650.50.630.730.420.290.440.130.910.550.37
0.920.740.780.840.950.790.580.250.390.790.910.20.820.790.760.810.830.750.920.290.840.80.410.860.89
0.940.790.90.980.930.820.740.350.630.970.890.390.990.830.880.720.930.80.970.440.840.540.570.920.67
0.720.610.50.580.740.650.40.28-0.170.540.75-0.070.520.670.640.70.650.630.680.130.80.540.380.590.68
0.670.90.280.680.60.850.480.940.170.690.73-0.270.610.860.830.630.790.890.590.910.410.570.380.680.4
0.960.910.760.950.940.930.690.550.560.960.950.070.950.920.870.840.960.910.940.550.860.920.590.680.82
0.780.70.490.680.80.740.440.360.390.660.8-0.050.70.710.570.870.710.710.740.370.890.670.680.40.82
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Inspiration Healthcare Account Relationship Matchups

Inspiration Healthcare fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets8.2M16.5M43.2M50.1M54.9M49.0M
Other Current Liab1.2M1.6M3.4M2.7M1.5M2.2M
Total Current Liabilities2.5M4.5M7.7M7.7M9.2M9.6M
Total Stockholder Equity5.5M10.5M31.6M35.5M35.5M29.0M
Property Plant And Equipment Net408K1.0M4.0M9.2M13.5M12.7M
Current Deferred Revenue376K533K524K531K625K(166K)
Net Debt(2.5M)(3.9M)(7.5M)(1.7M)10.8M12.4M
Retained Earnings18.5M3.1M5.8M9.6M9.4M3.0M
Accounts Payable1.3M2.3M3.1M3.5M4.1M4.4M
Non Current Assets Total657K4.7M19.2M25.1M30.8M26.0M
Common Stock Shares Outstanding31.0M34.0M55.5M68.8M68.8M68.2M
Liabilities And Stockholders Equity8.2M16.5M43.2M50.1M54.9M49.0M
Non Current Liabilities Total105.0K1.4M3.9M6.9M10.2M10.5M
Inventory718K3.1M8.2M6.4M9.9M13.7M
Other Current Assets133.0K196K411.0K879K1.1M607.0K
Total Liab2.6M5.9M11.7M14.6M19.4M20.0M
Property Plant And Equipment Gross408K1.0M4.0M9.2M15.4M15.0M
Total Current Assets6.4M11.8M24.0M25.0M24.1M23.0M
Short Term Debt(367K)(477K)(1.4M)2.9M2.4M5K
Intangible Assets138K3.7M15.2M15.8M17.0M5.3M
Accumulated Other Comprehensive Income82K119K130K278K405K280K
Net Receivables3.0M4.2M5.2M9.3M10.7M8.1M
Property Plant Equipment408K1.0M4.0M9.2M13.5M21.9K
Cash2.5M4.5M10.7M9.3M2.3M412K
Non Currrent Assets Other(657K)(2.0M)(8.6M)(21.7M)(25.3M)1.8M
Cash And Short Term Investments2.5M4.5M10.7M9.3M2.3M609K
Other Liab969K1.1M1.9M5K5.8K5.5K
Other Assets1.0M1.2M1.1M1.0324K21.9K
Net Tangible Assets8.0M17.8M21.5M18.5M21.2M22.3M
Deferred Long Term Liab1.2M1.1M1.4M3.3M3.8M4.0M

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Other Information on Investing in Inspiration Stock

Balance Sheet is a snapshot of the financial position of Inspiration Healthcare at a specified time, usually calculated after every quarter, six months, or one year. Inspiration Healthcare Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Inspiration Healthcare 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 Inspiration currently owns. An asset can also be divided into two categories, current and non-current.