Innovative Net Debt vs Short Term Debt Analysis

IIPR Stock

USD 107.12 1.35 1.28%

Innovative Industrial financial indicator trend analysis is infinitely more than just investigating Innovative Industrial recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Innovative Industrial is a good investment. Please check the relationship between Innovative Industrial Net Debt and its Short Term Debt accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Innovative Industrial Properties. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

Net Debt vs Short Term Debt

Net Debt vs Short Term Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Innovative Industrial Net Debt account and Short Term Debt. At this time, the significance of the direction appears to have totally related.

The correlation between Innovative Industrial's Net Debt and Short Term Debt is 1.0. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Short Term Debt in the same time period over historical financial statements of Innovative Industrial Properties, assuming nothing else is changed. The correlation between historical values of Innovative Industrial's Net Debt and Short Term Debt 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 Debt of Innovative Industrial Properties are associated (or correlated) with its Short Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Term Debt has no effect on the direction of Net Debt i.e., Innovative Industrial's Net Debt and Short Term Debt go up and down completely randomly.

Correlation Coefficient

1.0

Relationship Direction	Positive
Relationship Strength	Very Strong

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Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.

Short Term Debt

Most indicators from Innovative Industrial's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Innovative Industrial 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 Innovative Industrial Properties. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

At this time, Innovative Industrial's Selling General Administrative is relatively stable compared to the past year. As of 11/22/2024, Enterprise Value Over EBITDA is likely to grow to 12.95, while Sales General And Administrative To Revenue is likely to drop 0.13.

	2021	2022	2023	2024 (projected)
Gross Profit	200.1M	265.8M	284.6M	298.8M
Total Revenue	204.6M	276.4M	309.5M	325.0M

Gross Profit Total Revenue

Innovative Industrial fundamental ratios Correlations

	Common Stock Shares Outstanding	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	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Retained Earnings Total Equity	Non Current Liabilities Total	Capital Surpluse	Inventory	Other Current Assets	Other Stockholder Equity
Common Stock Shares Outstanding		0.99	-0.76	0.76	0.93	0.99	0.99	0.92	-0.45	0.99	-0.76	-0.85	0.89	0.85	0.73	0.11	0.92	0.75	-0.74	0.94	-0.96	0.91	0.92	-0.75	-0.57	0.99
Total Assets	0.99		-0.72	0.71	0.93	1.0	0.99	0.94	-0.52	0.99	-0.72	-0.87	0.89	0.88	0.73	0.13	0.94	0.73	-0.69	0.94	-0.97	0.91	0.93	-0.71	-0.57	1.0
Short Long Term Debt Total	-0.76	-0.72		-1.0	-0.72	-0.72	-0.73	-0.71	0.03	-0.73	1.0	0.59	-0.73	-0.58	-0.52	-0.27	-0.65	-0.74	1.0	-0.82	0.74	-0.7	-0.7	1.0	0.58	-0.71
Other Current Liab	0.76	0.71	-1.0		0.71	0.71	0.73	0.71	-0.02	0.72	-1.0	-0.59	0.72	0.57	0.5	0.26	0.65	0.74	-0.99	0.82	-0.74	0.69	0.7	-1.0	-0.57	0.7
Total Current Liabilities	0.93	0.93	-0.72	0.71		0.92	0.93	0.84	-0.5	0.92	-0.72	-0.72	0.98	0.75	0.89	0.19	0.86	0.62	-0.7	0.88	-0.94	0.84	0.84	-0.71	-0.62	0.92
Total Stockholder Equity	0.99	1.0	-0.72	0.71	0.92		0.98	0.94	-0.5	0.99	-0.72	-0.87	0.88	0.89	0.72	0.15	0.94	0.74	-0.69	0.94	-0.97	0.9	0.94	-0.71	-0.58	1.0
Other Liab	0.99	0.99	-0.73	0.73	0.93	0.98		0.91	-0.53	0.99	-0.73	-0.83	0.91	0.89	0.72	0.18	0.91	0.73	-0.72	0.93	-0.95	0.91	0.9	-0.72	-0.61	0.98
Net Tangible Assets	0.92	0.94	-0.71	0.71	0.84	0.94	0.91		-0.51	0.93	-0.71	-0.96	0.8	0.85	0.53	0.09	0.98	0.73	-0.66	0.98	-0.95	0.97	1.0	-0.7	-0.52	0.94
Property Plant And Equipment Net	-0.45	-0.52	0.03	-0.02	-0.5	-0.5	-0.53	-0.51		-0.5	0.03	0.55	-0.52	-0.67	-0.38	-0.27	-0.53	-0.02	0.0	-0.42	0.46	-0.54	-0.51	0.02	0.29	-0.51
Current Deferred Revenue	0.99	0.99	-0.73	0.72	0.92	0.99	0.99	0.93	-0.5		-0.73	-0.88	0.87	0.85	0.7	0.05	0.93	0.71	-0.7	0.93	-0.95	0.93	0.93	-0.71	-0.51	0.99
Net Debt	-0.76	-0.72	1.0	-1.0	-0.72	-0.72	-0.73	-0.71	0.03	-0.73		0.59	-0.73	-0.58	-0.52	-0.27	-0.65	-0.74	1.0	-0.82	0.74	-0.7	-0.7	1.0	0.58	-0.71
Retained Earnings	-0.85	-0.87	0.59	-0.59	-0.72	-0.87	-0.83	-0.96	0.55	-0.88	0.59		-0.65	-0.79	-0.37	0.09	-0.94	-0.61	0.53	-0.9	0.85	-0.96	-0.97	0.58	0.3	-0.87
Accounts Payable	0.89	0.89	-0.73	0.72	0.98	0.88	0.91	0.8	-0.52	0.87	-0.73	-0.65		0.77	0.86	0.34	0.81	0.63	-0.72	0.86	-0.91	0.8	0.8	-0.72	-0.74	0.87
Cash	0.85	0.88	-0.58	0.57	0.75	0.89	0.89	0.85	-0.67	0.85	-0.58	-0.79	0.77		0.52	0.44	0.82	0.72	-0.56	0.84	-0.85	0.8	0.85	-0.56	-0.68	0.88
Non Current Assets Total	0.73	0.73	-0.52	0.5	0.89	0.72	0.72	0.53	-0.38	0.7	-0.52	-0.37	0.86	0.52		0.23	0.59	0.39	-0.53	0.59	-0.73	0.51	0.53	-0.51	-0.55	0.73
Non Currrent Assets Other	0.11	0.13	-0.27	0.26	0.19	0.15	0.18	0.09	-0.27	0.05	-0.27	0.09	0.34	0.44	0.23		0.05	0.28	-0.3	0.18	-0.21	-0.02	0.08	-0.26	-0.8	0.13
Other Assets	0.92	0.94	-0.65	0.65	0.86	0.94	0.91	0.98	-0.53	0.93	-0.65	-0.94	0.81	0.82	0.59	0.05		0.66	-0.61	0.95	-0.96	0.95	0.98	-0.64	-0.53	0.94
Cash And Short Term Investments	0.75	0.73	-0.74	0.74	0.62	0.74	0.73	0.73	-0.02	0.71	-0.74	-0.61	0.63	0.72	0.39	0.28	0.66		-0.73	0.8	-0.76	0.66	0.72	-0.72	-0.65	0.73
Net Receivables	-0.74	-0.69	1.0	-0.99	-0.7	-0.69	-0.72	-0.66	0.0	-0.7	1.0	0.53	-0.72	-0.56	-0.53	-0.3	-0.61	-0.73		-0.78	0.71	-0.65	-0.65	1.0	0.6	-0.68
Common Stock Total Equity	0.94	0.94	-0.82	0.82	0.88	0.94	0.93	0.98	-0.42	0.93	-0.82	-0.9	0.86	0.84	0.59	0.18	0.95	0.8	-0.78		-0.97	0.95	0.98	-0.81	-0.62	0.93
Retained Earnings Total Equity	-0.96	-0.97	0.74	-0.74	-0.94	-0.97	-0.95	-0.95	0.46	-0.95	0.74	0.85	-0.91	-0.85	-0.73	-0.21	-0.96	-0.76	0.71	-0.97		-0.9	-0.95	0.73	0.68	-0.97
Non Current Liabilities Total	0.91	0.91	-0.7	0.69	0.84	0.9	0.91	0.97	-0.54	0.93	-0.7	-0.96	0.8	0.8	0.51	-0.02	0.95	0.66	-0.65	0.95	-0.9		0.97	-0.69	-0.43	0.9
Capital Surpluse	0.92	0.93	-0.7	0.7	0.84	0.94	0.9	1.0	-0.51	0.93	-0.7	-0.97	0.8	0.85	0.53	0.08	0.98	0.72	-0.65	0.98	-0.95	0.97		-0.69	-0.51	0.93
Inventory	-0.75	-0.71	1.0	-1.0	-0.71	-0.71	-0.72	-0.7	0.02	-0.71	1.0	0.58	-0.72	-0.56	-0.51	-0.26	-0.64	-0.72	1.0	-0.81	0.73	-0.69	-0.69		0.56	-0.7
Other Current Assets	-0.57	-0.57	0.58	-0.57	-0.62	-0.58	-0.61	-0.52	0.29	-0.51	0.58	0.3	-0.74	-0.68	-0.55	-0.8	-0.53	-0.65	0.6	-0.62	0.68	-0.43	-0.51	0.56		-0.57
Other Stockholder Equity	0.99	1.0	-0.71	0.7	0.92	1.0	0.98	0.94	-0.51	0.99	-0.71	-0.87	0.87	0.88	0.73	0.13	0.94	0.73	-0.68	0.93	-0.97	0.9	0.93	-0.7	-0.57

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Innovative Industrial Account Relationship Matchups

Innovative Industrial fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Common Stock Shares Outstanding	10.7M	19.6M	26.3M	27.7M	28.3M	15.4M
Total Assets	745.9M	1.8B	2.1B	2.4B	2.4B	1.4B
Other Current Liab	(121.7M)	(106.6M)	(287.2M)	(250.7M)	47.2M	49.5M
Total Current Liabilities	62.0M	105.4M	145.6M	149.5M	68.2M	76.6M
Total Stockholder Equity	548.0M	1.5B	1.6B	2.0B	2.0B	1.1B
Other Liab	45.6M	70.7M	100.2M	88.1M	101.3M	50.8M
Net Tangible Assets	534.0M	1.5B	1.6B	1.9B	2.2B	2.3B
Property Plant And Equipment Net	1.2M	980K	1.1M	1.7M	1.4M	1.3M
Current Deferred Revenue	20.6M	34.2M	52.8M	58.7M	59.4M	33.2M
Net Debt	53.6M	11.7M	245.0M	214.4M	160.6M	152.6M
Retained Earnings	(19.9M)	(48.1M)	(75.2M)	(117.4M)	(156.9M)	(149.0M)
Accounts Payable	28.4M	41.1M	54.0M	40.0M	21.0M	26.1M
Cash	82.2M	126.0M	81.1M	87.1M	140.2M	79.0M
Non Current Assets Total	628.5M	1.6B	2.0B	2.3B	9.6M	9.1M
Non Currrent Assets Other	507.7M	1.0B	10.0M	(318.4M)	(21.9M)	(20.9M)
Other Assets	1.9M	1.6B	2.1B	2.1B	2.2B	2.4B
Cash And Short Term Investments	82.2M	126.0M	81.1M	87.1M	140.2M	95.6M
Common Stock Total Equity	10K	13K	24K	26K	29.9K	31.4K
Short Term Investments	119.6M	619.3M	324.9M	200.9M	21.9M	20.9M
Liabilities And Stockholders Equity	745.9M	1.8B	2.1B	2.4B	2.4B	1.4B
Non Current Liabilities Total	135.9M	137.8M	327.3M	303.4M	369.9M	388.4M
Capital Surpluse	553.9M	1.6B	1.7B	2.1B	2.4B	2.5B
Other Current Assets	(236.9M)	(745.3M)	(411.3M)	1.5M	(178.7M)	(187.6M)
Other Stockholder Equity	573.9M	1.6B	1.7B	2.2B	2.1B	1.2B
Total Liab	197.8M	243.1M	472.9M	452.9M	438.1M	251.8M
Total Current Assets	117.3M	126.0M	99.3M	106.6M	140.2M	105.7M
Accumulated Other Comprehensive Income	(19.9M)	(48.1M)	(75.2M)	(117.4M)	(28K)	(29.4K)
Non Current Liabilities Other	46.8M	71.7M	100.2M	1.9M	5.1M	4.8M
Common Stock	13K	24K	26K	28K	32.2K	18.7K
Property Plant Equipment	505.9M	1.0B	1.6B	2.1B	2.4B	2.5B
Net Invested Capital	668.7M	1.6B	1.9B	2.2B	2.2B	1.4B
Net Working Capital	76.0M	54.8M	(46.3M)	(43.0M)	31.5M	23.8M

Pair Trading with Innovative Industrial

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 Innovative Industrial 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 Innovative Industrial will appreciate offsetting losses from the drop in the long position's value.

Moving together with Innovative Stock

0.79

Realty Income

Pair Corr

Moving against Innovative Stock

0.64	ROIC	Retail Opportunity	Pair Corr
0.58	IVT	Inventrust Properties	Pair Corr
0.56	BRX	Brixmor Property	Pair Corr
0.53	KRG	Kite Realty Group	Pair Corr
0.52	KIM	Kimco Realty	Pair Corr

The ability to find closely correlated positions to Innovative Industrial could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Innovative Industrial 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 Innovative Industrial - 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 Innovative Industrial Properties to buy it.

The correlation of Innovative Industrial 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 Innovative Industrial moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Innovative Industrial 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 Innovative Industrial 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

Additional Tools for Innovative Stock Analysis

When running Innovative Industrial's price analysis, check to measure Innovative Industrial's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Innovative Industrial is operating at the current time. Most of Innovative Industrial's value examination focuses on studying past and present price action to predict the probability of Innovative Industrial's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Innovative Industrial's price. Additionally, you may evaluate how the addition of Innovative Industrial to your portfolios can decrease your overall portfolio volatility.

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