OptiBiotix Net Debt vs Total Current Liabilities Analysis

OPTI Stock

14.25 1.00 7.55%

OptiBiotix Health financial indicator trend analysis is much more than just breaking down OptiBiotix Health Plc prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether OptiBiotix Health Plc is a good investment. Please check the relationship between OptiBiotix Health Net Debt and its Total Current Liabilities accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in OptiBiotix Health Plc. 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 Debt vs Total Current Liabilities

Net Debt vs Total Current Liabilities Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of OptiBiotix Health Plc Net Debt account and Total Current Liabilities. At this time, the significance of the direction appears to have weak relationship.

The correlation between OptiBiotix Health's Net Debt and Total Current Liabilities is 0.38. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of OptiBiotix Health Plc, assuming nothing else is changed. The correlation between historical values of OptiBiotix Health's Net Debt and Total Current Liabilities 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 OptiBiotix Health Plc are associated (or correlated) with its Total Current Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Liabilities has no effect on the direction of Net Debt i.e., OptiBiotix Health's Net Debt and Total Current Liabilities go up and down completely randomly.

Correlation Coefficient

0.38

Relationship Direction	Positive
Relationship Strength	Very Weak

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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.

Total Current Liabilities

Total Current Liabilities is an item on OptiBiotix Health balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of OptiBiotix Health Plc are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.

Most indicators from OptiBiotix Health's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into OptiBiotix Health Plc 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 OptiBiotix Health Plc. 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.

Selling General Administrative is likely to gain to about 1.2 M in 2024, whereas Tax Provision is likely to drop (4.2 K) in 2024.

OptiBiotix Health fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Common Stock Total Equity	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Common Stock	Short Long Term Debt Total	Current Deferred Revenue	Net Receivables	Inventory	Property Plant And Equipment Gross	Short Term Debt
Total Assets		0.31	0.62	1.0	-0.1	0.85	0.54	0.31	0.95	0.22	-0.66	0.31	-0.73	0.79	0.56	0.27	0.18	0.71	0.67	0.73	0.62	-0.05	0.75	0.77	0.64	-0.05
Other Current Liab	0.31		0.6	0.28	-0.19	0.25	0.2	0.28	0.18	-0.05	-0.34	0.28	-0.5	0.59	0.19	0.47	0.06	0.45	0.37	0.51	0.35	0.07	0.02	0.37	0.39	0.07
Total Current Liabilities	0.62	0.6		0.55	0.38	0.71	0.78	-0.12	0.64	0.13	-0.69	-0.12	-0.72	0.58	0.84	0.67	-0.37	0.91	0.24	0.42	0.28	0.13	0.75	0.58	0.5	0.13
Total Stockholder Equity	1.0	0.28	0.55		-0.14	0.84	0.48	0.33	0.95	0.22	-0.63	0.33	-0.7	0.77	0.48	0.23	0.23	0.64	0.67	0.71	0.61	-0.07	0.71	0.76	0.62	-0.07
Net Debt	-0.1	-0.19	0.38	-0.14		0.35	0.22	-0.95	0.16	-0.22	-0.36	-0.95	-0.33	-0.16	0.42	0.52	-0.74	0.23	-0.75	-0.3	-0.3	-0.09	0.45	0.14	-0.06	-0.09
Retained Earnings	0.85	0.25	0.71	0.84	0.35		0.45	-0.17	0.92	0.04	-0.89	-0.17	-0.85	0.63	0.59	0.44	-0.21	0.69	0.26	0.59	0.45	-0.29	0.84	0.81	0.51	-0.29
Accounts Payable	0.54	0.2	0.78	0.48	0.22	0.45		0.08	0.54	0.33	-0.39	0.08	-0.35	0.42	0.88	0.4	-0.26	0.84	0.35	0.24	0.2	0.37	0.79	0.38	0.51	0.37
Cash	0.31	0.28	-0.12	0.33	-0.95	-0.17	0.08		0.04	0.32	0.22	1.0	0.17	0.33	-0.1	-0.42	0.66	0.08	0.89	0.44	0.42	0.19	-0.19	-0.01	0.22	0.19
Non Current Assets Total	0.95	0.18	0.64	0.95	0.16	0.92	0.54	0.04		0.21	-0.69	0.04	-0.75	0.66	0.59	0.42	0.02	0.68	0.43	0.55	0.47	-0.05	0.84	0.75	0.55	-0.05
Non Currrent Assets Other	0.22	-0.05	0.13	0.22	-0.22	0.04	0.33	0.32	0.21		0.24	0.32	0.23	-0.15	0.24	-0.07	-0.04	0.14	0.41	-0.22	-0.11	0.29	0.28	-0.32	-0.14	0.29
Other Assets	-0.66	-0.34	-0.69	-0.63	-0.36	-0.89	-0.39	0.22	-0.69	0.24		0.22	0.81	-0.65	-0.52	-0.36	0.35	-0.65	-0.17	-0.68	-0.48	0.44	-0.71	-0.85	-0.57	0.44
Cash And Short Term Investments	0.31	0.28	-0.12	0.33	-0.95	-0.17	0.08	1.0	0.04	0.32	0.22		0.17	0.33	-0.1	-0.42	0.66	0.08	0.89	0.44	0.42	0.19	-0.19	-0.01	0.22	0.19
Common Stock Total Equity	-0.73	-0.5	-0.72	-0.7	-0.33	-0.85	-0.35	0.17	-0.75	0.23	0.81	0.17		-0.79	-0.5	-0.45	0.1	-0.68	-0.15	-0.7	-0.53	0.12	-0.6	-0.84	-0.61	0.12
Common Stock Shares Outstanding	0.79	0.59	0.58	0.77	-0.16	0.63	0.42	0.33	0.66	-0.15	-0.65	0.33	-0.79		0.4	0.21	0.27	0.67	0.56	0.91	0.74	-0.06	0.46	0.82	0.81	-0.06
Non Current Liabilities Total	0.56	0.19	0.84	0.48	0.42	0.59	0.88	-0.1	0.59	0.24	-0.52	-0.1	-0.5	0.4		0.41	-0.43	0.94	0.22	0.29	0.2	0.15	0.84	0.4	0.4	0.15
Other Current Assets	0.27	0.47	0.67	0.23	0.52	0.44	0.4	-0.42	0.42	-0.07	-0.36	-0.42	-0.45	0.21	0.41		-0.32	0.4	-0.19	-0.07	-0.1	0.2	0.4	0.32	0.13	0.2
Other Stockholder Equity	0.18	0.06	-0.37	0.23	-0.74	-0.21	-0.26	0.66	0.02	-0.04	0.35	0.66	0.1	0.27	-0.43	-0.32		-0.27	0.51	0.27	0.26	0.09	-0.39	0.08	0.23	0.09
Total Liab	0.71	0.45	0.91	0.64	0.23	0.69	0.84	0.08	0.68	0.14	-0.65	0.08	-0.68	0.67	0.94	0.4	-0.27		0.41	0.57	0.43	0.11	0.8	0.59	0.58	0.11
Total Current Assets	0.67	0.37	0.24	0.67	-0.75	0.26	0.35	0.89	0.43	0.41	-0.17	0.89	-0.15	0.56	0.22	-0.19	0.51	0.41		0.64	0.55	0.02	0.23	0.33	0.45	0.02
Common Stock	0.73	0.51	0.42	0.71	-0.3	0.59	0.24	0.44	0.55	-0.22	-0.68	0.44	-0.7	0.91	0.29	-0.07	0.27	0.57	0.64		0.8	-0.3	0.35	0.78	0.72	-0.3
Short Long Term Debt Total	0.62	0.35	0.28	0.61	-0.3	0.45	0.2	0.42	0.47	-0.11	-0.48	0.42	-0.53	0.74	0.2	-0.1	0.26	0.43	0.55	0.8		-0.14	0.28	0.61	0.58	-0.14
Current Deferred Revenue	-0.05	0.07	0.13	-0.07	-0.09	-0.29	0.37	0.19	-0.05	0.29	0.44	0.19	0.12	-0.06	0.15	0.2	0.09	0.11	0.02	-0.3	-0.14		-0.04	-0.34	-0.16	1.0
Net Receivables	0.75	0.02	0.75	0.71	0.45	0.84	0.79	-0.19	0.84	0.28	-0.71	-0.19	-0.6	0.46	0.84	0.4	-0.39	0.8	0.23	0.35	0.28	-0.04		0.61	0.49	-0.04
Inventory	0.77	0.37	0.58	0.76	0.14	0.81	0.38	-0.01	0.75	-0.32	-0.85	-0.01	-0.84	0.82	0.4	0.32	0.08	0.59	0.33	0.78	0.61	-0.34	0.61		0.85	-0.34
Property Plant And Equipment Gross	0.64	0.39	0.5	0.62	-0.06	0.51	0.51	0.22	0.55	-0.14	-0.57	0.22	-0.61	0.81	0.4	0.13	0.23	0.58	0.45	0.72	0.58	-0.16	0.49	0.85		-0.16
Short Term Debt	-0.05	0.07	0.13	-0.07	-0.09	-0.29	0.37	0.19	-0.05	0.29	0.44	0.19	0.12	-0.06	0.15	0.2	0.09	0.11	0.02	-0.3	-0.14	1.0	-0.04	-0.34	-0.16

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OptiBiotix Net Debt vs Total Current Liabilities Analysis

Net Debt vs Total Current Liabilities

Net Debt vs Total Current Liabilities Correlation Analysis

Correlation Coefficient

Net Debt

Total Current Liabilities

OptiBiotix Health fundamental ratios Correlations

OptiBiotix Health Account Relationship Matchups

High Positive Relationship

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COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Stockholder Equity	+ 1.0	Total Assets
Cash And Short Term Investments	+ 1.0	Cash
Short Term Debt	+ 1.0	Current Deferred Revenue
Non Current Assets Total	+ 0.95	Total Assets
Non Current Assets Total	+ 0.95	Total Stockholder Equity
Total Liab	+ 0.94	Non Current Liabilities Total

Cash And Short Term Investments	- 0.95	Net Debt
Cash	- 0.95	Net Debt
Other Assets	- 0.89	Retained Earnings
Inventory	- 0.85	Other Assets
Common Stock Total Equity	- 0.85	Retained Earnings
Inventory	- 0.84	Common Stock Total Equity