OncoCyte Long Term Debt vs Common Stock Analysis
OCX Stock | USD 2.44 0.09 3.56% |
OncoCyte Corp financial indicator trend analysis is much more than just breaking down OncoCyte Corp prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether OncoCyte Corp is a good investment. Please check the relationship between OncoCyte Corp Long Term Debt and its Common Stock accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in OncoCyte Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators. For more information on how to buy OncoCyte Stock please use our How to Invest in OncoCyte Corp guide.
Long Term Debt vs Common Stock
Long Term Debt vs Common Stock Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of OncoCyte Corp Long Term Debt account and Common Stock. At this time, the significance of the direction appears to have strong relationship.
The correlation between OncoCyte Corp's Long Term Debt and Common Stock is 0.75. Overlapping area represents the amount of variation of Long Term Debt that can explain the historical movement of Common Stock in the same time period over historical financial statements of OncoCyte Corp, assuming nothing else is changed. The correlation between historical values of OncoCyte Corp's Long Term Debt and Common Stock is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Long Term Debt of OncoCyte Corp are associated (or correlated) with its Common Stock. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock has no effect on the direction of Long Term Debt i.e., OncoCyte Corp's Long Term Debt and Common Stock go up and down completely randomly.
Correlation Coefficient | 0.75 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Long Term Debt
Long-term debt is a debt that OncoCyte Corp has held for over one year. Long-term debt appears on OncoCyte Corp balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on OncoCyte Corp balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.Common Stock
Most indicators from OncoCyte Corp's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into OncoCyte Corp 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in OncoCyte Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators. For more information on how to buy OncoCyte Stock please use our How to Invest in OncoCyte Corp guide.At this time, OncoCyte Corp's Selling General Administrative is fairly stable compared to the past year. Tax Provision is likely to rise to about 117.1 K in 2024, whereas Discontinued Operations is likely to drop (51.3 M) in 2024.
OncoCyte Corp fundamental ratios Correlations
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OncoCyte Corp Account Relationship Matchups
High Positive Relationship
High Negative Relationship
OncoCyte Corp fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 39.9M | 55.4M | 159.6M | 100.1M | 74.9M | 49.1M | |
Short Long Term Debt Total | 5.9M | 8.6M | 5.7M | 3.5M | 2.9M | 4.1M | |
Other Current Liab | 2.6M | 5.3M | 9.4M | 9.2M | 4.9M | 4.7M | |
Total Current Liabilities | 4.4M | 9.0M | 14.1M | 12.1M | 7.2M | 7.6M | |
Total Stockholder Equity | 30.8M | 33.5M | 65.2M | 34.3M | 25.6M | 22.0M | |
Property Plant And Equipment Net | 3.7M | 6.5M | 8.5M | 10.9M | 5.4M | 3.8M | |
Net Debt | (16.1M) | 1.5M | (29.9M) | (16.4M) | (6.6M) | (6.9M) | |
Retained Earnings | (93.7M) | (123.7M) | (187.8M) | (260.7M) | (289.9M) | (275.4M) | |
Accounts Payable | 469K | 432K | 1.8M | 1.3M | 953K | 621.2K | |
Cash | 22.1M | 7.1M | 35.6M | 20.0M | 9.4M | 12.8M | |
Non Current Assets Total | 16.9M | 46.2M | 120.4M | 74.6M | 64.2M | 33.5M | |
Non Currrent Assets Other | 2.2M | 1.9M | 2.0M | 2.1M | 2.2M | 1.5M | |
Other Assets | 2.2M | 2.1M | 2.0M | 1.0 | 1.15 | 1.09 | |
Cash And Short Term Investments | 22.5M | 7.8M | 36.5M | 20.4M | 9.4M | 14.5M | |
Common Stock Total Equity | 124.6M | 157.2M | 253.0M | 294.9M | 339.2M | 356.1M | |
Common Stock Shares Outstanding | 2.6M | 3.3M | 4.4M | 5.5M | 7.7M | 8.0M | |
Short Term Investments | 428K | 379K | 675K | 904K | 433K | 0.0 | |
Liabilities And Stockholders Equity | 39.9M | 55.4M | 159.6M | 100.1M | 74.9M | 49.1M | |
Other Current Assets | 505K | 1.2M | 3.9M | 3.1M | 782K | 1.1M | |
Other Stockholder Equity | 948K | 343K | 37K | (5.3M) | (4.8M) | (4.5M) | |
Total Liab | 9.0M | 21.9M | 94.3M | 65.8M | 49.3M | 27.1M | |
Property Plant And Equipment Gross | 3.7M | 6.5M | 8.5M | 10.9M | 5.4M | 3.8M | |
Total Current Assets | 23.0M | 9.2M | 39.1M | 25.5M | 10.7M | 15.7M | |
Accumulated Other Comprehensive Income | (343K) | 0.0 | 37K | 39K | 49K | 51.5K | |
Short Term Debt | 1.4M | 3.2M | 3.0M | 1.6M | 1.3M | 1.7M | |
Common Stock | 124.6M | 157.2M | 253.0M | 294.9M | 310.3M | 325.8M | |
Property Plant Equipment | 614K | 3.7M | 6.5M | 8.5M | 9.8M | 10.3M | |
Net Tangible Assets | 30.8M | 9.3M | (44.7M) | (22.0M) | (19.8M) | (18.8M) | |
Long Term Debt | 1.1M | 347K | 1.9M | 1.5M | 1.7M | 905.1K | |
Retained Earnings Total Equity | (93.7M) | (123.7M) | (187.8M) | (260.7M) | (234.6M) | (222.9M) | |
Long Term Debt Total | 1.4M | 534K | 2.0M | 1.5M | 1.7M | 1.2M | |
Non Current Liabilities Total | 4.6M | 12.9M | 80.2M | 53.7M | 42.1M | 26.9M | |
Capital Lease Obligations | 2.9M | 4.7M | 4.4M | 3.5M | 2.9M | 2.8M | |
Net Invested Capital | 33.9M | 37.4M | 66.5M | 34.3M | 20.5M | 32.0M | |
Net Working Capital | 18.5M | 230K | 25.0M | 13.4M | 3.5M | 3.3M | |
Capital Stock | 124.6M | 157.2M | 253.0M | 294.9M | 310.3M | 222.7M |
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