OptiBiotix Total Current Assets vs Net Debt Analysis

OPTI Stock

18.50 1.50 8.82%

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 Total Current Assets and its Net Debt 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.

Total Current Assets vs Net Debt

Total Current Assets vs Net Debt Correlation Analysis

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

The correlation between OptiBiotix Health's Total Current Assets and Net Debt is -0.75. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Net Debt 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 Total Current Assets 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 Total Current Assets of OptiBiotix Health Plc 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 Total Current Assets i.e., OptiBiotix Health's Total Current Assets and Net Debt go up and down completely randomly.

Correlation Coefficient

-0.75

Relationship Direction	Negative
Relationship Strength	Weak

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Total Current Assets

The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.

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 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	0.86	0.54	0.31	0.95	0.22	-0.66	0.31	-0.73	0.79	0.56	0.27	0.23	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	0.27	0.2	0.28	0.18	-0.05	-0.34	0.28	-0.5	0.59	0.19	0.47	0.0	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	0.74	0.78	-0.12	0.64	0.13	-0.69	-0.12	-0.72	0.58	0.84	0.67	-0.46	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	0.85	0.48	0.33	0.95	0.22	-0.63	0.33	-0.7	0.77	0.48	0.23	0.3	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	-0.68	0.23	-0.75	-0.3	-0.3	-0.09	0.45	0.14	-0.06	-0.09
Retained Earnings	0.86	0.27	0.74	0.85	0.35		0.49	-0.16	0.94	0.07	-0.87	-0.16	-0.86	0.63	0.62	0.46	-0.12	0.72	0.27	0.57	0.44	-0.21	0.85	0.79	0.51	-0.21
Accounts Payable	0.54	0.2	0.78	0.48	0.22	0.49		0.08	0.54	0.33	-0.39	0.08	-0.35	0.42	0.88	0.4	-0.38	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	-0.16	0.08		0.04	0.32	0.22	1.0	0.17	0.33	-0.1	-0.42	0.57	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	0.94	0.54	0.04		0.21	-0.69	0.04	-0.75	0.66	0.59	0.42	0.09	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	0.07	0.33	0.32	0.21		0.24	0.32	0.23	-0.15	0.24	-0.07	-0.15	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	-0.87	-0.39	0.22	-0.69	0.24		0.22	0.81	-0.65	-0.52	-0.36	0.18	-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	-0.16	0.08	1.0	0.04	0.32	0.22		0.17	0.33	-0.1	-0.42	0.57	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	-0.86	-0.35	0.17	-0.75	0.23	0.81	0.17		-0.79	-0.5	-0.45	0.0	-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	0.35	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	0.62	0.88	-0.1	0.59	0.24	-0.52	-0.1	-0.5	0.4		0.41	-0.52	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	0.46	0.4	-0.42	0.42	-0.07	-0.36	-0.42	-0.45	0.21	0.41		-0.4	0.4	-0.19	-0.07	-0.1	0.2	0.4	0.32	0.13	0.2
Other Stockholder Equity	0.23	0.0	-0.46	0.3	-0.68	-0.12	-0.38	0.57	0.09	-0.15	0.18	0.57	0.0	0.35	-0.52	-0.4		-0.33	0.45	0.4	0.39	-0.13	-0.35	0.25	0.37	-0.13
Total Liab	0.71	0.45	0.91	0.64	0.23	0.72	0.84	0.08	0.68	0.14	-0.65	0.08	-0.68	0.67	0.94	0.4	-0.33		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	0.27	0.35	0.89	0.43	0.41	-0.17	0.89	-0.15	0.56	0.22	-0.19	0.45	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	0.57	0.24	0.44	0.55	-0.22	-0.68	0.44	-0.7	0.91	0.29	-0.07	0.4	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	0.44	0.2	0.42	0.47	-0.11	-0.48	0.42	-0.53	0.74	0.2	-0.1	0.39	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	-0.21	0.37	0.19	-0.05	0.29	0.44	0.19	0.12	-0.06	0.15	0.2	-0.13	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	0.85	0.79	-0.19	0.84	0.28	-0.71	-0.19	-0.6	0.46	0.84	0.4	-0.35	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	0.79	0.38	-0.01	0.75	-0.32	-0.85	-0.01	-0.84	0.82	0.4	0.32	0.25	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	0.37	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	-0.21	0.37	0.19	-0.05	0.29	0.44	0.19	0.12	-0.06	0.15	0.2	-0.13	0.11	0.02	-0.3	-0.14	1.0	-0.04	-0.34	-0.16

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OptiBiotix Total Current Assets vs Net Debt Analysis

Total Current Assets vs Net Debt

Total Current Assets vs Net Debt Correlation Analysis

Correlation Coefficient

Total Current Assets

Net Debt

OptiBiotix Health fundamental ratios Correlations

OptiBiotix Health Account Relationship Matchups

High Positive Relationship

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COMMON DESTINATIONS

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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
Non Current Assets Total	+ 0.94	Retained Earnings

Cash And Short Term Investments	- 0.95	Net Debt
Cash	- 0.95	Net Debt
Other Assets	- 0.87	Retained Earnings
Common Stock Total Equity	- 0.86	Retained Earnings
Inventory	- 0.85	Other Assets
Inventory	- 0.84	Common Stock Total Equity