Quipt Long Term Debt vs Net Working Capital Analysis

QIPT Stock

USD 2.68 0.23 9.39%

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 Long Term Debt and its Net Working Capital 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 american community survey.

Long Term Debt vs Net Working Capital

Long Term Debt vs Net Working Capital Correlation Analysis

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

The correlation between Quipt Home's Long Term Debt and Net Working Capital is -0.54. Overlapping area represents the amount of variation of Long Term Debt that can explain the historical movement of Net Working Capital 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 Long Term Debt and Net Working Capital is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Long Term Debt of Quipt Home Medical are associated (or correlated) with its Net Working Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Working Capital has no effect on the direction of Long Term Debt i.e., Quipt Home's Long Term Debt and Net Working Capital go up and down completely randomly.

Correlation Coefficient

-0.54

Relationship Direction	Negative
Relationship Strength	Very Weak

View All Relationships

Long Term Debt

Long-term debt is a debt that Quipt Home Medical has held for over one year. Long-term debt appears on Quipt Home Medical balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on Quipt Home Medical balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.

Net Working Capital

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 american community survey.

At this time, Quipt Home's Selling General Administrative is comparatively stable compared to the past year. Tax Provision is likely to gain to about 80.3 K in 2024, whereas Enterprise Value Over EBITDA is likely to drop 6.75 in 2024.

	2021	2022	2023	2024 (projected)
Total Revenue	139.9M	221.7M	255.0M	267.8M
Interest Expense	2.1M	6.6M	7.6M	8.0M

Total Revenue Interest Expense

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	Good Will	Non Current Liabilities Total	Inventory	Other Current Assets	Short Term Debt	Current Deferred Revenue	Accounts Payable
Total Assets		0.96	0.93	0.97	0.8	-0.52	0.51	0.98	0.77	0.51	0.97	0.86	-0.26	0.4	0.94	0.86	0.88	0.9	0.42	0.97	0.89	0.95	0.07	0.9	0.02	0.93
Total Current Liabilities	0.96		0.81	0.98	0.85	-0.66	0.44	0.94	0.8	0.44	0.92	0.95	-0.26	0.5	0.97	0.81	0.92	0.93	0.5	0.91	0.92	0.99	0.11	0.98	-0.05	0.98
Total Stockholder Equity	0.93	0.81		0.84	0.56	-0.39	0.57	0.89	0.55	0.57	0.92	0.72	-0.28	0.41	0.75	0.87	0.81	0.69	0.39	0.9	0.68	0.82	0.15	0.72	0.04	0.75
Property Plant And Equipment Net	0.97	0.98	0.84		0.87	-0.64	0.38	0.97	0.79	0.38	0.96	0.93	-0.27	0.48	0.97	0.77	0.92	0.93	0.4	0.92	0.92	0.98	0.02	0.97	-0.09	0.98
Net Debt	0.8	0.85	0.56	0.87		-0.49	0.05	0.84	0.88	0.05	0.76	0.76	-0.08	0.25	0.92	0.54	0.71	0.96	0.16	0.77	0.94	0.83	-0.04	0.91	-0.16	0.92
Retained Earnings	-0.52	-0.66	-0.39	-0.64	-0.49		-0.27	-0.47	-0.32	-0.27	-0.56	-0.85	0.38	-0.46	-0.57	-0.54	-0.84	-0.54	-0.52	-0.39	-0.47	-0.67	-0.24	-0.69	0.44	-0.6
Cash	0.51	0.44	0.57	0.38	0.05	-0.27		0.45	0.28	1.0	0.49	0.42	-0.29	-0.01	0.4	0.58	0.47	0.34	0.64	0.5	0.35	0.37	-0.08	0.3	0.4	0.34
Non Current Assets Total	0.98	0.94	0.89	0.97	0.84	-0.47	0.45		0.81	0.45	0.97	0.84	-0.21	0.41	0.95	0.74	0.84	0.92	0.32	0.99	0.92	0.93	-0.1	0.92	0.04	0.94
Non Currrent Assets Other	0.77	0.8	0.55	0.79	0.88	-0.32	0.28	0.81		0.28	0.71	0.67	-0.16	0.1	0.89	0.52	0.6	0.91	0.28	0.78	0.92	0.76	-0.14	0.82	0.2	0.86
Cash And Short Term Investments	0.51	0.44	0.57	0.38	0.05	-0.27	1.0	0.45	0.28		0.49	0.42	-0.29	-0.01	0.4	0.58	0.47	0.34	0.64	0.5	0.35	0.37	-0.08	0.3	0.4	0.34
Net Receivables	0.97	0.92	0.92	0.96	0.76	-0.56	0.49	0.97	0.71	0.49		0.86	-0.32	0.43	0.9	0.78	0.89	0.86	0.33	0.95	0.85	0.92	-0.07	0.89	-0.01	0.91
Common Stock Shares Outstanding	0.86	0.95	0.72	0.93	0.76	-0.85	0.42	0.84	0.67	0.42	0.86		-0.36	0.55	0.89	0.76	0.97	0.84	0.56	0.78	0.81	0.95	0.16	0.95	-0.19	0.91
Short Term Investments	-0.26	-0.26	-0.28	-0.27	-0.08	0.38	-0.29	-0.21	-0.16	-0.29	-0.32	-0.36		-0.15	-0.21	-0.36	-0.37	-0.16	-0.2	-0.19	-0.17	-0.25	-0.14	-0.23	-0.41	-0.23
Other Stockholder Equity	0.4	0.5	0.41	0.48	0.25	-0.46	-0.01	0.41	0.1	-0.01	0.43	0.55	-0.15		0.35	0.3	0.51	0.23	0.25	0.42	0.22	0.58	0.14	0.52	-0.15	0.45
Total Liab	0.94	0.97	0.75	0.97	0.92	-0.57	0.4	0.95	0.89	0.4	0.9	0.89	-0.21	0.35		0.74	0.84	0.98	0.4	0.91	0.98	0.94	-0.01	0.97	0.01	0.99
Total Current Assets	0.86	0.81	0.87	0.77	0.54	-0.54	0.58	0.74	0.52	0.58	0.78	0.76	-0.36	0.3	0.74		0.83	0.68	0.61	0.72	0.66	0.8	0.51	0.69	-0.03	0.73
Common Stock	0.88	0.92	0.81	0.92	0.71	-0.84	0.47	0.84	0.6	0.47	0.89	0.97	-0.37	0.51	0.84	0.83		0.8	0.55	0.79	0.75	0.93	0.21	0.9	-0.23	0.86
Short Long Term Debt Total	0.9	0.93	0.69	0.93	0.96	-0.54	0.34	0.92	0.91	0.34	0.86	0.84	-0.16	0.23	0.98	0.68	0.8		0.34	0.87	0.99	0.89	-0.06	0.94	-0.03	0.96
Other Current Liab	0.42	0.5	0.39	0.4	0.16	-0.52	0.64	0.32	0.28	0.64	0.33	0.56	-0.2	0.25	0.4	0.61	0.55	0.34		0.31	0.3	0.48	0.39	0.42	0.13	0.4
Good Will	0.97	0.91	0.9	0.92	0.77	-0.39	0.5	0.99	0.78	0.5	0.95	0.78	-0.19	0.42	0.91	0.72	0.79	0.87	0.31		0.87	0.9	-0.13	0.87	0.12	0.89
Non Current Liabilities Total	0.89	0.92	0.68	0.92	0.94	-0.47	0.35	0.92	0.92	0.35	0.85	0.81	-0.17	0.22	0.98	0.66	0.75	0.99	0.3	0.87		0.88	-0.1	0.93	0.05	0.96
Inventory	0.95	0.99	0.82	0.98	0.83	-0.67	0.37	0.93	0.76	0.37	0.92	0.95	-0.25	0.58	0.94	0.8	0.93	0.89	0.48	0.9	0.88		0.15	0.97	-0.11	0.97
Other Current Assets	0.07	0.11	0.15	0.02	-0.04	-0.24	-0.08	-0.1	-0.14	-0.08	-0.07	0.16	-0.14	0.14	-0.01	0.51	0.21	-0.06	0.39	-0.13	-0.1	0.15		0.02	-0.29	0.02
Short Term Debt	0.9	0.98	0.72	0.97	0.91	-0.69	0.3	0.92	0.82	0.3	0.89	0.95	-0.23	0.52	0.97	0.69	0.9	0.94	0.42	0.87	0.93	0.97	0.02		-0.11	0.98
Current Deferred Revenue	0.02	-0.05	0.04	-0.09	-0.16	0.44	0.4	0.04	0.2	0.4	-0.01	-0.19	-0.41	-0.15	0.01	-0.03	-0.23	-0.03	0.13	0.12	0.05	-0.11	-0.29	-0.11		-0.04
Accounts Payable	0.93	0.98	0.75	0.98	0.92	-0.6	0.34	0.94	0.86	0.34	0.91	0.91	-0.23	0.45	0.99	0.73	0.86	0.96	0.4	0.89	0.96	0.97	0.02	0.98	-0.04

Click cells to compare fundamentals

Quipt Home Account Relationship Matchups

Quipt Home fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	53.9M	108.6M	132.2M	247.4M	284.5M	298.7M
Total Current Liabilities	18.3M	32.7M	41.7M	60.6M	69.7M	73.1M
Total Stockholder Equity	21.1M	58.6M	79.5M	111.1M	127.8M	134.2M
Property Plant And Equipment Net	12.5M	23.5M	33.5M	53.4M	61.4M	64.5M
Net Debt	(4.7M)	(7.6M)	2.4M	80.8M	92.9M	97.5M
Retained Earnings	(124.6M)	(165.9M)	(161.0M)	(163.8M)	(147.4M)	(140.1M)
Cash	21.9M	34.6M	8.5M	17.2M	19.8M	20.8M
Non Current Assets Total	20.1M	51.3M	90.7M	182.0M	209.3M	219.7M
Non Currrent Assets Other	480.3K	504K	86K	1.7M	2.0M	2.1M
Other Assets	94K	856K	504K	86K	98.9K	105.9K
Cash And Short Term Investments	21.9M	34.6M	8.5M	17.2M	19.8M	20.8M
Net Receivables	6.8M	11.9M	16.4M	26.0M	29.9M	31.4M
Common Stock Shares Outstanding	22.7M	30.4M	36.3M	38.6M	44.4M	46.6M
Liabilities And Stockholders Equity	53.9M	108.6M	132.2M	247.4M	284.5M	298.7M
Other Stockholder Equity	(27.6M)	21.7M	116.9M	27.4M	31.5M	33.1M
Total Liab	32.8M	50.0M	52.7M	136.3M	156.7M	164.6M
Total Current Assets	33.9M	57.2M	41.5M	65.4M	75.2M	79.0M
Common Stock	126.0M	202.8M	214.3M	247.5M	284.7M	298.9M
Short Long Term Debt Total	17.2M	27.1M	10.9M	98.0M	112.7M	118.3M
Other Current Liab	7.5M	31.5M	9.2M	8.8M	10.1M	10.6M
Good Will	2.9M	12.5M	28.2M	52.8M	60.7M	63.8M
Non Current Liabilities Total	14.6M	17.2M	10.9M	75.7M	87.1M	91.4M
Inventory	4.8M	9.3M	15.6M	18.4M	21.2M	22.2M
Other Current Assets	11.8M	16.7M	16.6M	3.8M	4.4M	5.3M
Short Term Debt	5.3M	10.0M	15.6M	22.6M	26.0M	27.3M
Current Deferred Revenue	3.3M	7.3M	3.0M	4.5M	5.2M	5.4M
Accounts Payable	5.6M	9.8M	13.8M	24.7M	28.4M	29.9M
Intangible Assets	4.2M	14.9M	28.9M	74.0M	85.1M	89.4M
Net Tangible Assets	12.5M	25.0M	31.3M	22.5M	20.2M	25.2M
Long Term Debt	13.3M	12.3M	3.7M	61.3M	70.5M	74.1M
Capital Lease Obligations	5.2M	7.8M	10.5M	19.2M	22.0M	23.1M
Net Invested Capital	45.8M	77.9M	95.6M	189.9M	218.4M	229.3M
Property Plant And Equipment Gross	16.6M	45.1M	57.1M	94.0M	108.1M	113.5M
Net Working Capital	20.8M	24.5M	(204K)	4.9M	4.4M	4.2M
Property Plant Equipment	19.5M	22.2M	23.5M	33.5M	38.5M	25.7M

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