OncoCyte Non Current Assets Total vs Total Stockholder Equity Analysis

OCX Stock  USD 2.71  0.04  1.50%   
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 Non Current Assets Total and its Total Stockholder Equity 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.

Non Current Assets Total vs Total Stockholder Equity

Non Current Assets Total vs Total Stockholder Equity Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of OncoCyte Corp Non Current Assets Total account and Total Stockholder Equity. At this time, the significance of the direction appears to have almost identical trend.
The correlation between OncoCyte Corp's Non Current Assets Total and Total Stockholder Equity is 0.93. Overlapping area represents the amount of variation of Non Current Assets Total that can explain the historical movement of Total Stockholder Equity 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 Non Current Assets Total and Total Stockholder Equity is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Current Assets Total of OncoCyte Corp are associated (or correlated) with its Total Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Stockholder Equity has no effect on the direction of Non Current Assets Total i.e., OncoCyte Corp's Non Current Assets Total and Total Stockholder Equity go up and down completely randomly.

Correlation Coefficient

0.93
Relationship DirectionPositive 
Relationship StrengthVery Strong

Non Current Assets Total

The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.

Total Stockholder Equity

The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.
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

0.410.910.890.950.91-0.8-0.750.980.860.990.570.080.850.770.68-0.550.95-0.420.980.910.88-0.040.930.80.82
0.410.270.550.520.48-0.06-0.250.270.270.430.510.640.260.280.22-0.240.360.020.320.480.270.580.280.30.41
0.910.270.890.840.92-0.77-0.770.910.80.90.39-0.160.770.770.69-0.670.94-0.480.910.920.82-0.20.870.80.78
0.890.550.890.80.86-0.57-0.670.850.670.910.470.110.660.670.57-0.440.92-0.420.910.860.710.270.840.70.73
0.950.520.840.80.88-0.82-0.680.910.90.930.590.230.890.710.63-0.590.89-0.280.880.880.91-0.10.840.740.79
0.910.480.920.860.88-0.67-0.810.880.750.910.620.00.720.810.73-0.640.9-0.570.881.00.78-0.090.830.840.86
-0.8-0.06-0.77-0.57-0.82-0.670.54-0.85-0.98-0.72-0.240.09-0.97-0.56-0.50.62-0.780.2-0.74-0.67-0.960.44-0.74-0.6-0.56
-0.75-0.25-0.77-0.67-0.68-0.810.54-0.76-0.6-0.77-0.520.35-0.53-1.0-0.990.76-0.660.83-0.76-0.81-0.580.26-0.88-0.99-0.97
0.980.270.910.850.910.88-0.85-0.760.880.960.48-0.060.870.780.69-0.560.94-0.480.980.880.9-0.140.930.80.8
0.860.270.80.670.90.75-0.98-0.60.880.790.350.040.990.630.55-0.660.83-0.210.790.750.99-0.30.780.660.65
0.990.430.90.910.930.91-0.72-0.770.960.790.590.080.780.780.7-0.520.94-0.460.980.910.820.020.930.810.84
0.570.510.390.470.590.62-0.24-0.520.480.350.590.480.370.540.47-0.130.47-0.360.520.620.40.110.530.540.61
0.080.64-0.160.110.230.00.090.35-0.060.040.080.480.11-0.3-0.380.380.050.56-0.010.00.080.56-0.13-0.28-0.16
0.850.260.770.660.890.72-0.97-0.530.870.990.780.370.110.570.48-0.550.84-0.170.780.720.99-0.250.770.60.59
0.770.280.770.670.710.81-0.56-1.00.780.630.780.54-0.30.570.99-0.760.67-0.80.770.810.61-0.250.91.00.98
0.680.220.690.570.630.73-0.5-0.990.690.550.70.47-0.380.480.99-0.770.57-0.820.680.730.52-0.30.840.980.96
-0.55-0.24-0.67-0.44-0.59-0.640.620.76-0.56-0.66-0.52-0.130.38-0.55-0.76-0.77-0.470.45-0.5-0.64-0.560.47-0.61-0.77-0.72
0.950.360.940.920.890.9-0.78-0.660.940.830.940.470.050.840.670.57-0.47-0.390.950.90.88-0.010.870.710.72
-0.420.02-0.48-0.42-0.28-0.570.20.83-0.48-0.21-0.46-0.360.56-0.17-0.8-0.820.45-0.39-0.5-0.57-0.240.18-0.61-0.79-0.74
0.980.320.910.910.880.88-0.74-0.760.980.790.980.52-0.010.780.770.68-0.50.95-0.50.880.820.00.940.790.8
0.910.480.920.860.881.0-0.67-0.810.880.750.910.620.00.720.810.73-0.640.9-0.570.880.78-0.090.830.840.86
0.880.270.820.710.910.78-0.96-0.580.90.990.820.40.080.990.610.52-0.560.88-0.240.820.78-0.240.80.650.64
-0.040.58-0.20.27-0.1-0.090.440.26-0.14-0.30.020.110.56-0.25-0.25-0.30.47-0.010.180.0-0.09-0.24-0.1-0.24-0.16
0.930.280.870.840.840.83-0.74-0.880.930.780.930.53-0.130.770.90.84-0.610.87-0.610.940.830.8-0.10.910.9
0.80.30.80.70.740.84-0.6-0.990.80.660.810.54-0.280.61.00.98-0.770.71-0.790.790.840.65-0.240.910.99
0.820.410.780.730.790.86-0.56-0.970.80.650.840.61-0.160.590.980.96-0.720.72-0.740.80.860.64-0.160.90.99
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OncoCyte Corp Account Relationship Matchups

OncoCyte Corp fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets39.9M55.4M159.6M100.1M74.9M49.1M
Short Long Term Debt Total5.9M8.6M5.7M3.5M2.9M4.1M
Other Current Liab2.6M5.3M9.4M9.2M4.9M4.7M
Total Current Liabilities4.4M9.0M14.1M12.1M7.2M7.6M
Total Stockholder Equity30.8M33.5M65.2M34.3M25.6M22.0M
Property Plant And Equipment Net3.7M6.5M8.5M10.9M5.4M3.8M
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 Payable469K432K1.8M1.3M953K621.2K
Cash22.1M7.1M35.6M20.0M9.4M12.8M
Non Current Assets Total16.9M46.2M120.4M74.6M64.2M33.5M
Non Currrent Assets Other2.2M1.9M2.0M2.1M2.2M1.5M
Other Assets2.2M2.1M2.0M1.01.151.09
Cash And Short Term Investments22.5M7.8M36.5M20.4M9.4M14.5M
Common Stock Total Equity124.6M157.2M253.0M294.9M339.2M356.1M
Common Stock Shares Outstanding2.6M3.3M4.4M5.5M7.7M8.0M
Short Term Investments428K379K675K904K433K0.0
Liabilities And Stockholders Equity39.9M55.4M159.6M100.1M74.9M49.1M
Other Current Assets505K1.2M3.9M3.1M782K1.1M
Other Stockholder Equity948K343K37K(5.3M)(4.8M)(4.5M)
Total Liab9.0M21.9M94.3M65.8M49.3M27.1M
Property Plant And Equipment Gross3.7M6.5M8.5M10.9M5.4M3.8M
Total Current Assets23.0M9.2M39.1M25.5M10.7M15.7M
Accumulated Other Comprehensive Income(343K)0.037K39K49K51.5K
Short Term Debt1.4M3.2M3.0M1.6M1.3M1.7M
Common Stock124.6M157.2M253.0M294.9M310.3M325.8M
Property Plant Equipment614K3.7M6.5M8.5M9.8M10.3M
Net Tangible Assets30.8M9.3M(44.7M)(22.0M)(19.8M)(18.8M)
Long Term Debt1.1M347K1.9M1.5M1.7M905.1K
Retained Earnings Total Equity(93.7M)(123.7M)(187.8M)(260.7M)(234.6M)(222.9M)
Long Term Debt Total1.4M534K2.0M1.5M1.7M1.2M
Non Current Liabilities Total4.6M12.9M80.2M53.7M42.1M26.9M
Capital Lease Obligations2.9M4.7M4.4M3.5M2.9M2.8M
Net Invested Capital33.9M37.4M66.5M34.3M20.5M32.0M
Net Working Capital18.5M230K25.0M13.4M3.5M3.3M
Capital Stock124.6M157.2M253.0M294.9M310.3M222.7M

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