Impedimed Net Receivables vs Other Current Liab Analysis

IPD Stock   0.05  0  2.00%   
Impedimed financial indicator trend analysis is infinitely more than just investigating Impedimed recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Impedimed is a good investment. Please check the relationship between Impedimed Net Receivables and its Other Current Liab accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Impedimed. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Net Receivables vs Other Current Liab

Net Receivables vs Other Current Liab Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Impedimed Net Receivables account and Other Current Liab. At this time, the significance of the direction appears to have weak relationship.
The correlation between Impedimed's Net Receivables and Other Current Liab is 0.36. Overlapping area represents the amount of variation of Net Receivables that can explain the historical movement of Other Current Liab in the same time period over historical financial statements of Impedimed, assuming nothing else is changed. The correlation between historical values of Impedimed's Net Receivables and Other Current Liab 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 Receivables of Impedimed are associated (or correlated) with its Other Current Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Liab has no effect on the direction of Net Receivables i.e., Impedimed's Net Receivables and Other Current Liab go up and down completely randomly.

Correlation Coefficient

0.36
Relationship DirectionPositive 
Relationship StrengthVery Weak

Net Receivables

Other Current Liab

Most indicators from Impedimed's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Impedimed 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 Impedimed. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
At this time, Impedimed's Selling General Administrative is comparatively stable compared to the past year. Tax Provision is likely to gain to about 40.3 K in 2024, whereas Discontinued Operations is likely to drop (120 K) in 2024.
 2021 2022 2023 2024 (projected)
Cost Of Revenue23.9M25.0M1.3M1.2M
Total Revenue10.6M11.3M10.3M5.2M

Impedimed fundamental ratios Correlations

0.00.20.30.60.28-0.410.430.630.10.620.260.280.680.280.120.980.34-0.93-0.460.940.31-0.150.940.660.37
0.00.940.050.260.220.630.360.18-0.540.320.890.180.030.0-0.240.090.03-0.07-0.10.070.13-0.060.070.110.11
0.20.940.130.520.40.470.580.4-0.570.510.970.350.270.08-0.310.250.15-0.2-0.310.210.27-0.230.210.340.27
0.30.050.130.030.66-0.110.610.56-0.470.110.30.910.580.940.270.250.87-0.05-0.790.090.960.350.090.420.95
0.60.260.520.030.53-0.260.480.660.060.790.490.220.590.0-0.340.540.03-0.52-0.50.520.2-0.290.520.660.24
0.280.220.40.660.53-0.310.730.85-0.380.630.50.760.790.65-0.010.150.640.01-0.940.010.770.010.010.760.76
-0.410.630.47-0.11-0.26-0.31-0.22-0.39-0.35-0.340.4-0.04-0.61-0.12-0.1-0.21-0.140.190.42-0.18-0.090.19-0.18-0.6-0.17
0.430.360.580.610.480.73-0.220.71-0.630.510.70.80.830.55-0.160.350.65-0.17-0.820.190.73-0.320.190.770.78
0.630.180.40.560.660.85-0.390.71-0.270.720.510.670.890.560.110.530.59-0.38-0.880.40.68-0.10.40.890.67
0.1-0.54-0.57-0.470.06-0.38-0.35-0.63-0.27-0.08-0.65-0.65-0.27-0.470.140.09-0.51-0.220.430.2-0.560.020.2-0.22-0.54
0.620.320.510.110.790.63-0.340.510.72-0.080.530.230.690.180.020.530.27-0.49-0.590.490.24-0.280.490.80.24
0.260.890.970.30.490.50.40.70.51-0.650.530.510.410.25-0.160.30.35-0.21-0.440.220.43-0.230.220.440.42
0.280.180.350.910.220.76-0.040.80.67-0.650.230.510.670.860.090.230.86-0.01-0.860.050.980.080.050.520.97
0.680.030.270.580.590.79-0.610.830.89-0.270.690.410.670.560.090.540.62-0.38-0.90.390.67-0.220.390.970.71
0.280.00.080.940.00.65-0.120.550.56-0.470.180.250.860.560.40.230.95-0.04-0.770.080.910.380.080.440.87
0.12-0.24-0.310.27-0.34-0.01-0.1-0.160.110.140.02-0.160.090.090.40.130.45-0.06-0.040.070.170.110.070.040.03
0.980.090.250.250.540.15-0.210.350.530.090.530.30.230.540.230.130.29-0.97-0.330.980.25-0.10.980.530.31
0.340.030.150.870.030.64-0.140.650.59-0.510.270.350.860.620.950.450.29-0.09-0.760.130.880.10.130.490.83
-0.93-0.07-0.2-0.05-0.520.010.19-0.17-0.38-0.22-0.49-0.21-0.01-0.38-0.04-0.06-0.97-0.090.15-1.0-0.040.11-1.0-0.4-0.1
-0.46-0.1-0.31-0.79-0.5-0.940.42-0.82-0.880.43-0.59-0.44-0.86-0.9-0.77-0.04-0.33-0.760.15-0.17-0.87-0.01-0.17-0.83-0.89
0.940.070.210.090.520.01-0.180.190.40.20.490.220.050.390.080.070.980.13-1.0-0.170.08-0.091.00.40.14
0.310.130.270.960.20.77-0.090.730.68-0.560.240.430.980.670.910.170.250.88-0.04-0.870.080.210.080.520.98
-0.15-0.06-0.230.35-0.290.010.19-0.32-0.10.02-0.28-0.230.08-0.220.380.11-0.10.10.11-0.01-0.090.21-0.09-0.210.19
0.940.070.210.090.520.01-0.180.190.40.20.490.220.050.390.080.070.980.13-1.0-0.171.00.08-0.090.40.14
0.660.110.340.420.660.76-0.60.770.89-0.220.80.440.520.970.440.040.530.49-0.4-0.830.40.52-0.210.40.56
0.370.110.270.950.240.76-0.170.780.67-0.540.240.420.970.710.870.030.310.83-0.1-0.890.140.980.190.140.56
Click cells to compare fundamentals

Impedimed Account Relationship Matchups

Impedimed fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets33.1M34.2M58.7M68.7M47.0M37.4M
Other Current Liab2.3M5.6M3.5M3.2M3.2M3.0M
Total Current Liabilities5.1M8.1M7.2M5.8M4.7M4.8M
Other Liab87K398K413K864K993.6K1.0M
Accounts Payable1.9M1.3M2.6M1.4M1.1M1.4M
Net Receivables1.7M2.8M2.7M2.6M2.2M1.4M
Good Will2.6M2.4M2.6M2.7M2.7M2.5M
Inventory864K372K926K810K759K912.9K
Other Current Assets3.3M2.8M2.3M2.8M1.9M1.7M
Total Liab5.7M8.7M7.7M7.9M6.2M5.2M
Intangible Assets6.5M7.5M11.4M14.8M13.3M14.0M
Common Stock250.6M267.3M307.6M336.1M336.1M185.5M
Property Plant Equipment1.0M1.0M418K2.0M2.2M2.4M
Total Stockholder Equity27.4M25.5M51.0M60.9M40.7M34.4M
Property Plant And Equipment Net1.0M1.0M418K2.0M1.4M1.5M
Net Debt(18.8M)(19.2M)(40.6M)(44.3M)(23.5M)(24.7M)
Retained Earnings(250.1M)(270.8M)(290.6M)(311.2M)(331.0M)(314.4M)
Cash19.7M19.7M40.7M45.7M24.6M28.3M
Non Current Assets Total7.6M8.6M12.0M16.8M17.5M18.4M
Non Currrent Assets Other(7.6M)(8.6M)(11.9M)(16.8M)13.3M14.0M
Cash And Short Term Investments19.7M19.7M40.7M45.7M24.6M28.3M
Common Stock Shares Outstanding595.2M1.2B1.7B1.8B2.0B2.1B
Liabilities And Stockholders Equity33.1M34.2M58.7M68.7M47.0M39.2M
Non Current Liabilities Total594K557K413K2.0M1.6M1.7M
Property Plant And Equipment Gross1.0M3.4M3.8M5.6M5.7M5.9M
Total Current Assets25.5M25.7M46.7M51.9M29.5M32.8M
Accumulated Other Comprehensive Income26.9M29.0M34.1M36.0M35.5M37.3M
Short Term Debt364K(562K)(758K)141.0K333K349.7K
Net Tangible Assets20.8M18.1M39.7M46.1M41.5M28.0M
Current Deferred Revenue578K877K928K1.0M1.5M1.6M
Long Term Investments77K73K75K78K54K62.5K
Net Invested Capital27.4M25.5M51.0M60.9M40.7M43.5M
Cash And Equivalents8.8M11.5M31.3M13.5M12.2M17.0M
Net Working Capital20.3M17.5M39.4M46.1M24.8M24.6M

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