Quipt Net Debt vs Inventory Analysis

QIPT Stock

3.35 0.07 2.13%

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

Net Debt vs Inventory Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Quipt Home Medical Net Debt account and Inventory. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Quipt Home's Net Debt and Inventory is 0.83. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Inventory in the same time period over historical financial statements of Quipt Home Medical, assuming nothing else is changed. The correlation between historical values of Quipt Home's Net Debt and Inventory 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 Quipt Home Medical are associated (or correlated) with its Inventory. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Inventory has no effect on the direction of Net Debt i.e., Quipt Home's Net Debt and Inventory go up and down completely randomly.

Correlation Coefficient

0.83

Relationship Direction	Positive
Relationship Strength	Strong

View All Relationships

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.

Inventory

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

As of the 22nd of November 2024, Enterprise Value is likely to grow to about 263 M, while Selling General Administrative is likely to drop about 5.8 M.

	2021	2022	2023	2024 (projected)
Gross Profit	106.6M	163.8M	188.4M	197.8M
Total Revenue	139.9M	221.7M	255.0M	267.8M

Gross Profit Total Revenue

Quipt Home fundamental ratios Correlations

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Short Term Investments	Other Stockholder Equity	Total Liab	Total Current Assets	Common Stock	Short Long Term Debt Total	Other Current Liab	Other Assets	Good Will	Non Current Liabilities Total	Inventory	Other Current Assets	Short Term Debt	Current Deferred Revenue
Total Assets		0.96	0.93	0.96	0.8	-0.49	0.49	0.98	0.77	0.49	0.96	0.87	-0.27	0.85	0.94	0.85	0.87	0.9	-0.76	-0.18	0.96	0.89	0.95	0.07	0.9	0.67
Total Current Liabilities	0.96		0.81	0.98	0.84	-0.65	0.44	0.94	0.8	0.43	0.94	0.95	-0.27	0.94	0.97	0.81	0.92	0.93	-0.82	-0.02	0.9	0.92	0.99	0.05	0.98	0.59
Total Stockholder Equity	0.93	0.81		0.83	0.56	-0.37	0.53	0.89	0.54	0.53	0.82	0.72	-0.29	0.71	0.75	0.85	0.79	0.69	-0.57	-0.29	0.9	0.67	0.82	0.14	0.71	0.75
Property Plant And Equipment Net	0.96	0.98	0.83		0.87	-0.62	0.36	0.97	0.79	0.36	0.97	0.94	-0.28	0.93	0.97	0.76	0.91	0.93	-0.84	-0.06	0.92	0.92	0.98	0.0	0.97	0.54
Net Debt	0.8	0.84	0.56	0.87		-0.45	0.02	0.84	0.88	0.02	0.9	0.76	-0.08	0.75	0.92	0.52	0.69	0.95	-0.85	-0.1	0.77	0.94	0.83	0.04	0.9	0.18
Retained Earnings	-0.49	-0.65	-0.37	-0.62	-0.45		-0.32	-0.44	-0.32	-0.32	-0.47	-0.83	0.38	-0.85	-0.55	-0.55	-0.84	-0.52	0.37	-0.65	-0.35	-0.46	-0.65	-0.08	-0.66	-0.37
Cash	0.49	0.44	0.53	0.36	0.02	-0.32		0.41	0.28	1.0	0.37	0.4	-0.29	0.37	0.39	0.58	0.48	0.32	-0.04	0.26	0.46	0.33	0.36	-0.21	0.28	0.9
Non Current Assets Total	0.98	0.94	0.89	0.97	0.84	-0.44	0.41		0.8	0.41	0.98	0.84	-0.21	0.82	0.94	0.73	0.82	0.91	-0.84	-0.21	0.99	0.91	0.93	-0.08	0.92	0.6
Non Currrent Assets Other	0.77	0.8	0.54	0.79	0.88	-0.32	0.28	0.8		0.28	0.86	0.67	-0.17	0.64	0.89	0.52	0.6	0.91	-0.76	-0.12	0.77	0.92	0.76	-0.11	0.82	0.36
Cash And Short Term Investments	0.49	0.43	0.53	0.36	0.02	-0.32	1.0	0.41	0.28		0.37	0.4	-0.29	0.37	0.39	0.58	0.48	0.32	-0.04	0.26	0.46	0.33	0.36	-0.21	0.28	0.9
Net Receivables	0.96	0.94	0.82	0.97	0.9	-0.47	0.37	0.98	0.86	0.37		0.85	-0.22	0.83	0.97	0.71	0.82	0.96	-0.84	-0.14	0.95	0.96	0.92	-0.06	0.94	0.53
Common Stock Shares Outstanding	0.87	0.95	0.72	0.94	0.76	-0.83	0.4	0.84	0.67	0.4	0.85		-0.36	1.0	0.89	0.76	0.97	0.84	-0.74	0.2	0.78	0.81	0.96	0.04	0.95	0.55
Short Term Investments	-0.27	-0.27	-0.29	-0.28	-0.08	0.38	-0.29	-0.21	-0.17	-0.29	-0.22	-0.36		-0.35	-0.22	-0.37	-0.38	-0.16	0.06	-0.2	-0.19	-0.17	-0.26	-0.09	-0.24	-0.27
Other Stockholder Equity	0.85	0.94	0.71	0.93	0.75	-0.85	0.37	0.82	0.64	0.37	0.83	1.0	-0.35		0.87	0.75	0.97	0.82	-0.72	0.23	0.75	0.79	0.95	0.05	0.94	0.51
Total Liab	0.94	0.97	0.75	0.97	0.92	-0.55	0.39	0.94	0.89	0.39	0.97	0.89	-0.22	0.87		0.74	0.84	0.98	-0.84	-0.05	0.9	0.98	0.94	-0.01	0.97	0.51
Total Current Assets	0.85	0.81	0.85	0.76	0.52	-0.55	0.58	0.73	0.52	0.58	0.71	0.76	-0.37	0.75	0.74		0.83	0.67	-0.38	-0.05	0.71	0.65	0.79	0.46	0.69	0.72
Common Stock	0.87	0.92	0.79	0.91	0.69	-0.84	0.48	0.82	0.6	0.48	0.82	0.97	-0.38	0.97	0.84	0.83		0.8	-0.62	0.24	0.77	0.75	0.92	0.11	0.89	0.64
Short Long Term Debt Total	0.9	0.93	0.69	0.93	0.95	-0.52	0.32	0.91	0.91	0.32	0.96	0.84	-0.16	0.82	0.98	0.67	0.8		-0.82	-0.02	0.87	0.99	0.89	-0.02	0.94	0.44
Other Current Liab	-0.76	-0.82	-0.57	-0.84	-0.85	0.37	-0.04	-0.84	-0.76	-0.04	-0.84	-0.74	0.06	-0.72	-0.84	-0.38	-0.62	-0.82		0.24	-0.83	-0.83	-0.83	0.23	-0.88	-0.22
Other Assets	-0.18	-0.02	-0.29	-0.06	-0.1	-0.65	0.26	-0.21	-0.12	0.26	-0.14	0.2	-0.2	0.23	-0.05	-0.05	0.24	-0.02	0.24		-0.27	-0.07	-0.06	-0.2	0.02	0.1
Good Will	0.96	0.9	0.9	0.92	0.77	-0.35	0.46	0.99	0.77	0.46	0.95	0.78	-0.19	0.75	0.9	0.71	0.77	0.87	-0.83	-0.27		0.87	0.89	-0.12	0.87	0.66
Non Current Liabilities Total	0.89	0.92	0.67	0.92	0.94	-0.46	0.33	0.91	0.92	0.33	0.96	0.81	-0.17	0.79	0.98	0.65	0.75	0.99	-0.83	-0.07	0.87		0.88	-0.06	0.92	0.42
Inventory	0.95	0.99	0.82	0.98	0.83	-0.65	0.36	0.93	0.76	0.36	0.92	0.96	-0.26	0.95	0.94	0.79	0.92	0.89	-0.83	-0.06	0.89	0.88		0.08	0.97	0.55
Other Current Assets	0.07	0.05	0.14	0.0	0.04	-0.08	-0.21	-0.08	-0.11	-0.21	-0.06	0.04	-0.09	0.05	-0.01	0.46	0.11	-0.02	0.23	-0.2	-0.12	-0.06	0.08		-0.02	-0.1
Short Term Debt	0.9	0.98	0.71	0.97	0.9	-0.66	0.28	0.92	0.82	0.28	0.94	0.95	-0.24	0.94	0.97	0.69	0.89	0.94	-0.88	0.02	0.87	0.92	0.97	-0.02		0.45
Current Deferred Revenue	0.67	0.59	0.75	0.54	0.18	-0.37	0.9	0.6	0.36	0.9	0.53	0.55	-0.27	0.51	0.51	0.72	0.64	0.44	-0.22	0.1	0.66	0.42	0.55	-0.1	0.45

Click cells to compare fundamentals

Quipt Home Account Relationship Matchups

Quipt Home fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	71.8M	108.6M	132.2M	247.4M	284.5M	298.7M
Total Current Liabilities	24.3M	32.7M	41.7M	60.6M	69.7M	73.1M
Total Stockholder Equity	28.1M	58.6M	79.5M	111.1M	127.8M	134.2M
Property Plant And Equipment Net	16.6M	23.5M	33.5M	53.4M	61.4M	64.5M
Net Debt	(6.3M)	(7.6M)	2.4M	80.8M	92.9M	97.5M
Retained Earnings	(165.9M)	(165.9M)	(161.0M)	(163.8M)	(147.4M)	(140.1M)
Cash	29.1M	34.6M	8.5M	17.2M	19.8M	20.8M
Non Current Assets Total	26.7M	51.3M	90.7M	182.0M	209.3M	219.7M
Non Currrent Assets Other	639.5K	504K	86K	1.7M	2.0M	2.1M
Cash And Short Term Investments	29.1M	34.6M	8.5M	17.2M	19.8M	20.8M
Net Receivables	9.1M	11.9M	16.4M	48.2M	55.5M	58.2M
Common Stock Shares Outstanding	22.7M	30.4M	36.3M	38.6M	44.4M	46.6M
Liabilities And Stockholders Equity	71.8M	108.6M	132.2M	247.4M	284.5M	298.7M
Other Stockholder Equity	16.3M	20.8M	26.3M	27.4M	31.5M	33.1M
Total Liab	43.7M	50.0M	52.7M	136.3M	156.7M	164.6M
Total Current Assets	45.1M	57.2M	41.5M	65.4M	75.2M	79.0M
Common Stock	167.8M	202.8M	214.3M	247.5M	284.7M	298.9M
Short Long Term Debt Total	22.9M	27.1M	10.9M	98.0M	112.7M	118.3M
Other Current Liab	6.2M	5.6M	(18.7M)	(27.1M)	(24.4M)	(23.2M)
Good Will	3.9M	12.5M	28.2M	52.8M	60.7M	63.8M
Non Current Liabilities Total	19.4M	17.2M	10.9M	75.7M	87.1M	91.4M
Inventory	6.4M	9.3M	15.6M	18.4M	21.2M	22.2M
Other Current Assets	549.8K	1.4M	1.1M	3.8M	4.4M	3.8M
Short Term Debt	6.3M	10.0M	15.6M	22.6M	26.0M	27.3M
Current Deferred Revenue	4.4M	7.3M	3.0M	4.5M	5.2M	5.4M
Accounts Payable	7.4M	9.8M	41.7M	60.6M	69.7M	73.1M
Intangible Assets	5.6M	14.9M	28.9M	74.0M	85.1M	89.4M

Pair Trading with Quipt Home

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Quipt Home position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Quipt Home will appreciate offsetting losses from the drop in the long position's value.

The ability to find closely correlated positions to Quipt Home could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Quipt Home when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Quipt Home - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Quipt Home Medical to buy it.

The correlation of Quipt Home is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Quipt Home moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Quipt Home Medical moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Quipt Home can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

When determining whether Quipt Home Medical is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Quipt Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Quipt Home Medical Stock. Highlighted below are key reports to facilitate an investment decision about Quipt Home Medical Stock:

How To Invest In Quipt

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Is Quipt Stock a good investment?

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What is Quipt Home's Net Worth?

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Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Quipt Home Medical. 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.

You can also try the Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.

Please note, there is a significant difference between Quipt Home's value and its price as these two are different measures arrived at by different means. Investors typically determine if Quipt Home is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Quipt Home's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Quipt Net Debt vs Inventory Analysis

Net Debt vs Inventory

Net Debt vs Inventory Correlation Analysis

Correlation Coefficient

Net Debt

Inventory

Quipt Home fundamental ratios Correlations

Quipt Home Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Quipt Home fundamental ratios Accounts

Pair Trading with Quipt Home

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 1.0	Cash
Other Stockholder Equity	+ 1.0	Common Stock Shares Outstanding
Inventory	+ 0.99	Total Current Liabilities
Good Will	+ 0.99	Non Current Assets Total
Non Current Liabilities Total	+ 0.99	Short Long Term Debt Total
Non Current Assets Total	+ 0.98	Total Assets

Short Term Debt	- 0.88	Other Current Liab
Other Stockholder Equity	- 0.85	Retained Earnings
Other Current Liab	- 0.85	Net Debt
Other Current Liab	- 0.84	Total Liab
Other Current Liab	- 0.84	Net Receivables
Other Current Liab	- 0.84	Non Current Assets Total