Innovex Short Long Term Debt vs Net Debt Analysis

INVX Stock

17.36 0.46 2.72%

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

For more information on how to buy Innovex Stock please use our How to Invest in Innovex International, guide.

Short Long Term Debt vs Net Debt

Short Long Term Debt vs Net Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Innovex International, Short Long Term Debt account and Net Debt. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Innovex International,'s Short Long Term Debt and Net Debt is 0.53. Overlapping area represents the amount of variation of Short Long Term Debt that can explain the historical movement of Net Debt in the same time period over historical financial statements of Innovex International,, assuming nothing else is changed. The correlation between historical values of Innovex International,'s Short Long Term Debt and Net 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 Short Long Term Debt of Innovex International, are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Short Long Term Debt i.e., Innovex International,'s Short Long Term Debt and Net Debt go up and down completely randomly.

Correlation Coefficient

0.53

Relationship Direction	Positive
Relationship Strength	Weak

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Short Long Term Debt

The total of a company's short-term and long-term borrowings.

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.

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

For more information on how to buy Innovex Stock please use our How to Invest in Innovex International, guide.Tax Provision is likely to drop to about 7.4 M in 2024. Selling General Administrative is likely to drop to about 64.7 M in 2024

	2021	2022	2023	2024 (projected)
Interest Expense	2.2M	4.0M	4.6M	2.5M
Depreciation And Amortization	17.7M	18.5M	30.5M	19.8M

Interest Expense Depreciation And Amortization

Innovex International, fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	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	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Intangible Assets	Common Stock	Long Term Debt
Total Assets		-0.76	0.86	0.17	1.0	0.98	0.71	-0.94	0.91	-0.23	0.97	0.95	0.89	0.98	0.94	0.45	-0.73	0.99	0.95	-0.98	-0.57	1.0	-0.75	-0.78	0.99	-0.45
Short Long Term Debt Total	-0.76		-0.78	-0.25	-0.79	-0.84	-0.49	0.88	-0.9	0.02	-0.78	-0.79	-0.6	-0.79	-0.81	-0.03	0.9	-0.66	-0.72	0.81	0.69	-0.77	0.99	0.72	-0.79	0.47
Other Current Liab	0.86	-0.78		0.64	0.85	0.93	0.26	-0.8	0.9	0.27	0.75	0.97	0.81	0.78	0.98	0.07	-0.59	0.83	0.68	-0.79	-0.24	0.83	-0.72	-0.42	0.85	-0.02
Total Current Liabilities	0.17	-0.25	0.64		0.14	0.31	-0.56	-0.07	0.3	0.89	-0.02	0.45	0.23	0.02	0.47	-0.39	0.03	0.15	-0.12	-0.04	0.47	0.12	-0.14	0.39	0.17	0.73
Total Stockholder Equity	1.0	-0.79	0.85	0.14		0.98	0.73	-0.96	0.92	-0.26	0.98	0.94	0.88	0.99	0.93	0.44	-0.76	0.98	0.96	-0.99	-0.61	1.0	-0.78	-0.81	1.0	-0.5
Property Plant And Equipment Net	0.98	-0.84	0.93	0.31	0.98		0.59	-0.95	0.97	-0.1	0.94	0.99	0.9	0.96	0.98	0.27	-0.72	0.95	0.9	-0.96	-0.5	0.97	-0.81	-0.7	0.97	-0.36
Current Deferred Revenue	0.71	-0.49	0.26	-0.56	0.73	0.59		-0.74	0.54	-0.81	0.83	0.46	0.54	0.8	0.44	0.69	-0.69	0.71	0.87	-0.8	-0.85	0.74	-0.56	-0.95	0.72	-0.91
Net Debt	-0.94	0.88	-0.8	-0.07	-0.96	-0.95	-0.74		-0.97	0.33	-0.97	-0.9	-0.87	-0.98	-0.89	-0.25	0.8	-0.89	-0.95	0.97	0.68	-0.95	0.88	0.84	-0.94	0.6
Retained Earnings	0.91	-0.9	0.9	0.3	0.92	0.97	0.54	-0.97		-0.11	0.9	0.95	0.89	0.91	0.95	0.06	-0.72	0.86	0.86	-0.91	-0.5	0.91	-0.87	-0.68	0.9	-0.4
Accounts Payable	-0.23	0.02	0.27	0.89	-0.26	-0.1	-0.81	0.33	-0.11		-0.42	0.04	-0.23	-0.37	0.07	-0.45	0.21	-0.26	-0.52	0.34	0.58	-0.28	0.11	0.64	-0.21	0.86
Cash	0.97	-0.78	0.75	-0.02	0.98	0.94	0.83	-0.97	0.9	-0.42		0.88	0.87	1.0	0.87	0.45	-0.77	0.95	0.99	-0.99	-0.69	0.98	-0.79	-0.88	0.97	-0.64
Non Current Assets Total	0.95	-0.79	0.97	0.45	0.94	0.99	0.46	-0.9	0.95	0.04	0.88		0.91	0.9	1.0	0.19	-0.63	0.92	0.83	-0.9	-0.36	0.93	-0.75	-0.58	0.93	-0.21
Non Currrent Assets Other	0.89	-0.6	0.81	0.23	0.88	0.9	0.54	-0.87	0.89	-0.23	0.87	0.91		0.87	0.88	0.16	-0.41	0.91	0.87	-0.85	-0.27	0.89	-0.56	-0.55	0.84	-0.3
Cash And Short Term Investments	0.98	-0.79	0.78	0.02	0.99	0.96	0.8	-0.98	0.91	-0.37	1.0	0.9	0.87		0.89	0.44	-0.78	0.96	0.99	-1.0	-0.68	0.99	-0.8	-0.87	0.98	-0.6
Net Receivables	0.94	-0.81	0.98	0.47	0.93	0.98	0.44	-0.89	0.95	0.07	0.87	1.0	0.88	0.89		0.18	-0.66	0.91	0.81	-0.9	-0.38	0.93	-0.77	-0.58	0.93	-0.2
Common Stock Shares Outstanding	0.45	-0.03	0.07	-0.39	0.44	0.27	0.69	-0.25	0.06	-0.45	0.45	0.19	0.16	0.44	0.18		-0.39	0.5	0.48	-0.46	-0.52	0.46	-0.1	-0.56	0.48	-0.44
Non Current Liabilities Total	-0.73	0.9	-0.59	0.03	-0.76	-0.72	-0.69	0.8	-0.72	0.21	-0.77	-0.63	-0.41	-0.78	-0.66	-0.39		-0.64	-0.72	0.81	0.9	-0.74	0.94	0.87	-0.79	0.65
Inventory	0.99	-0.66	0.83	0.15	0.98	0.95	0.71	-0.89	0.86	-0.26	0.95	0.92	0.91	0.96	0.91	0.5	-0.64		0.94	-0.96	-0.5	0.99	-0.65	-0.73	0.98	-0.41
Other Current Assets	0.95	-0.72	0.68	-0.12	0.96	0.9	0.87	-0.95	0.86	-0.52	0.99	0.83	0.87	0.99	0.81	0.48	-0.72	0.94		-0.98	-0.69	0.97	-0.73	-0.89	0.94	-0.68
Other Stockholder Equity	-0.98	0.81	-0.79	-0.04	-0.99	-0.96	-0.8	0.97	-0.91	0.34	-0.99	-0.9	-0.85	-1.0	-0.9	-0.46	0.81	-0.96	-0.98		0.7	-0.99	0.82	0.87	-0.99	0.59
Total Liab	-0.57	0.69	-0.24	0.47	-0.61	-0.5	-0.85	0.68	-0.5	0.58	-0.69	-0.36	-0.27	-0.68	-0.38	-0.52	0.9	-0.5	-0.69	0.7		-0.6	0.77	0.94	-0.62	0.9
Total Current Assets	1.0	-0.77	0.83	0.12	1.0	0.97	0.74	-0.95	0.91	-0.28	0.98	0.93	0.89	0.99	0.93	0.46	-0.74	0.99	0.97	-0.99	-0.6		-0.76	-0.81	0.99	-0.5
Short Term Debt	-0.75	0.99	-0.72	-0.14	-0.78	-0.81	-0.56	0.88	-0.87	0.11	-0.79	-0.75	-0.56	-0.8	-0.77	-0.1	0.94	-0.65	-0.73	0.82	0.77	-0.76		0.78	-0.79	0.56
Intangible Assets	-0.78	0.72	-0.42	0.39	-0.81	-0.7	-0.95	0.84	-0.68	0.64	-0.88	-0.58	-0.55	-0.87	-0.58	-0.56	0.87	-0.73	-0.89	0.87	0.94	-0.81	0.78		-0.8	0.89
Common Stock	0.99	-0.79	0.85	0.17	1.0	0.97	0.72	-0.94	0.9	-0.21	0.97	0.93	0.84	0.98	0.93	0.48	-0.79	0.98	0.94	-0.99	-0.62	0.99	-0.79	-0.8		-0.47
Long Term Debt	-0.45	0.47	-0.02	0.73	-0.5	-0.36	-0.91	0.6	-0.4	0.86	-0.64	-0.21	-0.3	-0.6	-0.2	-0.44	0.65	-0.41	-0.68	0.59	0.9	-0.5	0.56	0.89	-0.47

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Innovex International, Account Relationship Matchups

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Innovex Short Long Term Debt vs Net Debt Analysis

Short Long Term Debt vs Net Debt

Short Long Term Debt vs Net Debt Correlation Analysis

Correlation Coefficient

Short Long Term Debt

Net Debt

Innovex International, fundamental ratios Correlations

Innovex International, Account Relationship Matchups

High Positive Relationship

High Negative Relationship

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COMPANY

Total Stockholder Equity	+ 1.0	Total Assets
Total Current Assets	+ 1.0	Total Assets
Total Current Assets	+ 1.0	Total Stockholder Equity
Common Stock	+ 1.0	Total Stockholder Equity
Cash And Short Term Investments	+ 1.0	Cash
Net Receivables	+ 1.0	Non Current Assets Total

Other Stockholder Equity	- 1.0	Cash And Short Term Investments
Common Stock	- 0.99	Other Stockholder Equity
Total Current Assets	- 0.99	Other Stockholder Equity
Other Stockholder Equity	- 0.99	Cash
Other Stockholder Equity	- 0.99	Total Stockholder Equity
Other Stockholder Equity	- 0.98	Other Current Assets