Pro Operating Income vs Interest Expense Analysis

PME Stock

251.89 3.71 1.49%

Pro Medicus financial indicator trend analysis is much more than just breaking down Pro Medicus prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Pro Medicus is a good investment. Please check the relationship between Pro Medicus Operating Income and its Interest Expense accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Pro Medicus. 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.

Operating Income vs Interest Expense

Operating Income vs Interest Expense Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Pro Medicus Operating Income account and Interest Expense. At this time, the significance of the direction appears to have almost no relationship.

The correlation between Pro Medicus' Operating Income and Interest Expense is 0.1. Overlapping area represents the amount of variation of Operating Income that can explain the historical movement of Interest Expense in the same time period over historical financial statements of Pro Medicus, assuming nothing else is changed. The correlation between historical values of Pro Medicus' Operating Income and Interest Expense is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Operating Income of Pro Medicus are associated (or correlated) with its Interest Expense. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Interest Expense has no effect on the direction of Operating Income i.e., Pro Medicus' Operating Income and Interest Expense go up and down completely randomly.

Correlation Coefficient

0.1

Relationship Direction	Positive
Relationship Strength	Insignificant

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Operating Income

Operating Income is the amount of profit realized from Pro Medicus operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Pro Medicus is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.

Interest Expense

The cost incurred by an entity for borrowed funds, including loans, bonds, or lines of credit.

Most indicators from Pro Medicus' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Pro Medicus 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 Pro Medicus. 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 31.9 M in 2024. Tax Provision is likely to gain to about 35.4 M in 2024

	2021	2022	2023	2024 (projected)
Total Operating Expenses	7.9M	8.5M	10.1M	9.6M
EBITDA	70.4M	94.1M	120.8M	126.8M

Total Operating Expenses Ebitda

Pro Medicus fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Common Stock	Other Liab	Other Assets
Total Assets		-0.63	0.75	0.99	1.0	-0.02	0.98	-0.87	0.99	0.93	0.89	0.96	0.99	0.99	0.75	0.79	0.94	-0.46	-0.93	0.98	-0.29	1.0	-0.22	0.82	0.95	0.02
Short Long Term Debt Total	-0.63		-0.1	-0.61	-0.62	0.06	-0.64	0.59	-0.61	-0.58	-0.61	-0.62	-0.64	-0.65	-0.35	-0.38	-0.64	0.32	0.76	-0.63	0.36	-0.64	0.54	-0.42	-0.63	-0.16
Other Current Liab	0.75	-0.1		0.77	0.74	-0.21	0.77	-0.65	0.73	0.69	0.66	0.65	0.73	0.76	0.72	0.7	0.74	-0.47	-0.51	0.76	-0.37	0.74	0.37	0.67	0.76	-0.02
Total Current Liabilities	0.99	-0.61	0.77		0.98	-0.03	0.97	-0.91	0.98	0.94	0.93	0.94	0.99	0.98	0.75	0.76	0.94	-0.45	-0.94	0.98	-0.26	0.99	-0.19	0.76	0.95	0.0
Total Stockholder Equity	1.0	-0.62	0.74	0.98		-0.01	0.97	-0.84	1.0	0.92	0.87	0.95	1.0	0.99	0.72	0.78	0.91	-0.41	-0.92	0.96	-0.28	1.0	-0.26	0.85	0.92	-0.02
Property Plant And Equipment Net	-0.02	0.06	-0.21	-0.03	-0.01		-0.05	0.09	0.0	0.0	-0.08	0.03	-0.02	-0.05	-0.26	-0.22	-0.06	0.24	-0.05	-0.05	0.29	-0.02	0.07	0.0	-0.12	-0.05
Current Deferred Revenue	0.98	-0.64	0.77	0.97	0.97	-0.05		-0.85	0.96	0.92	0.88	0.95	0.96	0.99	0.78	0.8	0.97	-0.55	-0.89	0.99	-0.37	0.97	-0.14	0.79	0.98	0.11
Net Debt	-0.87	0.59	-0.65	-0.91	-0.84	0.09	-0.85		-0.83	-0.79	-1.0	-0.85	-0.86	-0.87	-0.75	-0.63	-0.9	0.53	0.91	-0.92	0.23	-0.86	0.14	-0.45	-0.89	-0.23
Retained Earnings	0.99	-0.61	0.73	0.98	1.0	0.0	0.96	-0.83		0.92	0.85	0.93	1.0	0.98	0.69	0.77	0.89	-0.37	-0.92	0.94	-0.25	1.0	-0.28	0.86	0.9	-0.05
Accounts Payable	0.93	-0.58	0.69	0.94	0.92	0.0	0.92	-0.79	0.92		0.81	0.93	0.92	0.91	0.76	0.79	0.9	-0.42	-0.86	0.93	-0.21	0.92	-0.26	0.77	0.91	0.0
Cash	0.89	-0.61	0.66	0.93	0.87	-0.08	0.88	-1.0	0.85	0.81		0.87	0.88	0.89	0.75	0.67	0.91	-0.52	-0.93	0.93	-0.24	0.89	-0.16	0.49	0.9	0.22
Non Current Assets Total	0.96	-0.62	0.65	0.94	0.95	0.03	0.95	-0.85	0.93	0.93	0.87		0.94	0.95	0.81	0.8	0.95	-0.55	-0.92	0.96	-0.24	0.94	-0.29	0.75	0.95	0.15
Cash And Short Term Investments	0.99	-0.64	0.73	0.99	1.0	-0.02	0.96	-0.86	1.0	0.92	0.88	0.94		0.99	0.7	0.76	0.91	-0.38	-0.94	0.96	-0.27	1.0	-0.27	0.83	0.92	-0.03
Net Receivables	0.99	-0.65	0.76	0.98	0.99	-0.05	0.99	-0.87	0.98	0.91	0.89	0.95	0.99		0.75	0.78	0.95	-0.49	-0.92	0.98	-0.31	0.99	-0.2	0.8	0.96	0.04
Common Stock Total Equity	0.75	-0.35	0.72	0.75	0.72	-0.26	0.78	-0.75	0.69	0.76	0.75	0.81	0.7	0.75		0.82	0.85	-0.84	-0.63	0.81	-0.49	0.71	0.04	0.52	0.86	0.3
Common Stock Shares Outstanding	0.79	-0.38	0.7	0.76	0.78	-0.22	0.8	-0.63	0.77	0.79	0.67	0.8	0.76	0.78	0.82		0.78	-0.48	-0.62	0.79	-0.36	0.77	-0.1	0.7	0.81	0.11
Non Current Liabilities Total	0.94	-0.64	0.74	0.94	0.91	-0.06	0.97	-0.9	0.89	0.9	0.91	0.95	0.91	0.95	0.85	0.78		-0.65	-0.89	0.99	-0.38	0.92	-0.09	0.66	1.0	0.23
Inventory	-0.46	0.32	-0.47	-0.45	-0.41	0.24	-0.55	0.53	-0.37	-0.42	-0.52	-0.55	-0.38	-0.49	-0.84	-0.48	-0.65		0.38	-0.57	0.6	-0.41	-0.17	-0.22	-0.65	-0.5
Other Stockholder Equity	-0.93	0.76	-0.51	-0.94	-0.92	-0.05	-0.89	0.91	-0.92	-0.86	-0.93	-0.92	-0.94	-0.92	-0.63	-0.62	-0.89	0.38		-0.92	0.15	-0.94	0.43	-0.63	-0.87	-0.06
Total Liab	0.98	-0.63	0.76	0.98	0.96	-0.05	0.99	-0.92	0.94	0.93	0.93	0.96	0.96	0.98	0.81	0.79	0.99	-0.57	-0.92		-0.33	0.97	-0.14	0.71	0.99	0.13
Property Plant And Equipment Gross	-0.29	0.36	-0.37	-0.26	-0.28	0.29	-0.37	0.23	-0.25	-0.21	-0.24	-0.24	-0.27	-0.31	-0.49	-0.36	-0.38	0.6	0.15	-0.33		-0.28	-0.24	-0.32	-0.4	-0.28
Total Current Assets	1.0	-0.64	0.74	0.99	1.0	-0.02	0.97	-0.86	1.0	0.92	0.89	0.94	1.0	0.99	0.71	0.77	0.92	-0.41	-0.94	0.97	-0.28		-0.25	0.83	0.93	-0.02
Short Term Debt	-0.22	0.54	0.37	-0.19	-0.26	0.07	-0.14	0.14	-0.28	-0.26	-0.16	-0.29	-0.27	-0.2	0.04	-0.1	-0.09	-0.17	0.43	-0.14	-0.24	-0.25		-0.22	-0.08	0.15
Common Stock	0.82	-0.42	0.67	0.76	0.85	0.0	0.79	-0.45	0.86	0.77	0.49	0.75	0.83	0.8	0.52	0.7	0.66	-0.22	-0.63	0.71	-0.32	0.83	-0.22		0.69	-0.16
Other Liab	0.95	-0.63	0.76	0.95	0.92	-0.12	0.98	-0.89	0.9	0.91	0.9	0.95	0.92	0.96	0.86	0.81	1.0	-0.65	-0.87	0.99	-0.4	0.93	-0.08	0.69		0.21
Other Assets	0.02	-0.16	-0.02	0.0	-0.02	-0.05	0.11	-0.23	-0.05	0.0	0.22	0.15	-0.03	0.04	0.3	0.11	0.23	-0.5	-0.06	0.13	-0.28	-0.02	0.15	-0.16	0.21

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Pro Medicus Account Relationship Matchups

Pro Medicus fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	95.6M	125.6M	157.1M	202.1M	257.4M	270.3M
Short Long Term Debt Total	2.3M	2.6M	2.3M	1.9M	2.1M	1.8M
Other Current Liab	4.1M	5.6M	8.2M	10.0M	12.8M	13.5M
Total Current Liabilities	12.7M	17.6M	26.9M	30.9M	34.6M	36.3M
Total Stockholder Equity	60.2M	81.7M	101.7M	138.8M	187.7M	197.1M
Property Plant And Equipment Net	2.8M	3.0M	2.6M	2.2M	2.4M	3.0M
Current Deferred Revenue	7.2M	8.9M	10.1M	12.6M	17.1M	17.9M
Net Debt	(41.1M)	(39.4M)	(61.4M)	(89.4M)	(58.0M)	(55.1M)
Retained Earnings	49.6M	66.9M	92.6M	127.1M	173.4M	182.0M
Accounts Payable	835K	872K	1.6M	1.0M	1.7M	1.8M
Cash	43.4M	42.0M	63.7M	91.2M	60.1M	63.1M
Non Current Assets Total	34.2M	38.0M	37.2M	38.3M	50.9M	53.4M
Cash And Short Term Investments	43.4M	61.8M	90.6M	121.5M	155.4M	163.2M
Net Receivables	17.0M	24.4M	27.4M	40.7M	49.2M	51.7M
Common Stock Shares Outstanding	104.5M	104.6M	104.6M	104.6M	104.7M	111.9M
Liabilities And Stockholders Equity	95.6M	125.6M	157.1M	202.1M	257.4M	270.3M
Non Current Liabilities Total	22.7M	26.3M	28.5M	32.5M	35.1M	36.9M
Inventory	35K	34K	77K	55K	49K	75.3K
Other Stockholder Equity	(51.6M)	(68.9M)	(94.5M)	(129.1M)	(116.2M)	(110.4M)
Total Liab	35.5M	43.9M	55.3M	63.4M	69.7M	73.2M
Property Plant And Equipment Gross	2.8M	6.9M	6.3M	6.3M	2.4M	2.3M
Total Current Assets	61.5M	87.6M	119.8M	163.8M	206.6M	216.9M
Accumulated Other Comprehensive Income	8.6M	12.8M	7.2M	9.7M	(9.3M)	(8.8M)
Short Term Debt	522K	574K	604K	1.4M	553K	525.4K
Other Liab	21.0M	24.2M	26.8M	31.3M	36.0M	37.8M
Other Assets	9.4M	13.2M	40.5M	1.0	12.4M	0.95
Other Current Assets	1.0M	1.3M	1.8M	1.6M	1.9M	950.4K
Property Plant Equipment	2.8M	3.0M	2.6M	2.2M	2.5M	2.6M
Non Currrent Assets Other	237K	30.0K	(1.0)	242K	40K	42K
Intangible Assets	18.8M	20.0M	22.3M	21.3M	20.1M	10.2M
Net Tangible Assets	41.3M	61.7M	79.4M	117.4M	135.0M	141.8M
Long Term Debt Total	1.8M	2.0M	1.7M	1.2M	1.4M	1.0M
Net Invested Capital	60.2M	81.7M	101.7M	138.8M	187.7M	96.2M
Net Working Capital	48.8M	69.9M	93.0M	132.9M	172.0M	180.6M

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