Renalytix Depreciation And Amortization vs Net Debt Analysis

RNLX Stock

USD 0.15 0.01 6.25%

Renalytix financial indicator trend analysis is much more than just breaking down Renalytix AI prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Renalytix AI is a good investment. Please check the relationship between Renalytix Depreciation And Amortization and its Net Debt accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Renalytix AI. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

Depreciation And Amortization vs Net Debt

Depreciation And Amortization vs Net Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Renalytix AI Depreciation And Amortization account and Net Debt. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Renalytix's Depreciation And Amortization and Net Debt is 0.42. Overlapping area represents the amount of variation of Depreciation And Amortization that can explain the historical movement of Net Debt in the same time period over historical financial statements of Renalytix AI, assuming nothing else is changed. The correlation between historical values of Renalytix's Depreciation And Amortization 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 Depreciation And Amortization of Renalytix AI 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 Depreciation And Amortization i.e., Renalytix's Depreciation And Amortization and Net Debt go up and down completely randomly.

Correlation Coefficient

0.42

Relationship Direction	Positive
Relationship Strength	Weak

View All Relationships

Depreciation And Amortization

The systematic reduction in the recorded value of an intangible asset. This includes the allocation of the cost of tangible assets to periods in which the assets are used, representing the expense related to the wear and tear, deterioration, or obsolescence of physical assets and intangible assets over their useful lives.

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 Renalytix's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Renalytix AI 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 Renalytix AI. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

At this time, Renalytix's Tax Provision is fairly stable compared to the past year. Issuance Of Capital Stock is likely to rise to about 21.7 M in 2024, whereas Selling General Administrative is likely to drop slightly above 18.7 M in 2024.

	2021	2022	2023	2024 (projected)
Total Operating Expenses	58.3M	43.1M	29.0M	33.2M
Cost Of Revenue	2.1M	2.7M	2.1M	1.4M

Total Operating Expenses Cost Of Revenue

Renalytix fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Total Current Liabilities	Total Stockholder Equity	Net Tangible Assets	Net Debt	Retained Earnings	Cash	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Stockholder Equity	Total Liab	Net Invested Capital	Short Long Term Debt	Total Current Assets	Net Working Capital	Short Term Debt	Common Stock	Other Current Liab	Property Plant And Equipment Net	Accounts Payable	Non Currrent Assets Other	Short Term Investments
Total Assets		0.34	0.56	0.96	0.94	-0.96	0.04	0.98	0.98	0.77	0.7	0.15	0.4	0.59	0.51	0.88	0.18	0.98	0.91	0.3	0.43	0.64	0.89	0.53	-0.06	0.83
Short Long Term Debt Total	0.34		0.93	0.09	0.17	-0.14	-0.7	0.38	0.35	0.69	0.67	0.68	0.99	0.85	0.96	0.49	0.92	0.37	0.37	0.99	0.75	0.67	0.5	0.77	0.73	0.05
Total Current Liabilities	0.56	0.93		0.32	0.42	-0.37	-0.68	0.58	0.56	0.86	0.81	0.72	0.92	0.95	0.99	0.71	0.87	0.58	0.59	0.93	0.86	0.75	0.58	0.87	0.59	0.33
Total Stockholder Equity	0.96	0.09	0.32		0.95	-0.98	0.27	0.93	0.94	0.61	0.54	-0.04	0.15	0.37	0.27	0.78	-0.08	0.94	0.85	0.04	0.23	0.5	0.82	0.32	-0.28	0.85
Net Tangible Assets	0.94	0.17	0.42	0.95		-0.97	0.03	0.95	0.96	0.76	0.6	0.19	0.2	0.52	0.35	0.87	0.1	0.96	0.96	0.15	0.38	0.44	0.81	0.41	-0.09	0.94
Net Debt	-0.96	-0.14	-0.37	-0.98	-0.97		-0.2	-0.97	-0.97	-0.7	-0.5	-0.11	-0.17	-0.44	-0.31	-0.77	0.02	-0.97	-0.88	-0.09	-0.24	-0.55	-0.85	-0.3	0.26	-0.92
Retained Earnings	0.04	-0.7	-0.68	0.27	0.03	-0.2		0.0	0.01	-0.53	-0.53	-0.74	-0.61	-0.73	-0.67	-0.37	-0.9	0.0	-0.23	-0.76	-0.8	-0.14	0.05	-0.59	-0.83	0.02
Cash	0.98	0.38	0.58	0.93	0.95	-0.97	0.0		1.0	0.84	0.63	0.28	0.41	0.63	0.54	0.85	0.23	1.0	0.93	0.33	0.42	0.68	0.92	0.48	-0.05	0.88
Cash And Short Term Investments	0.98	0.35	0.56	0.94	0.96	-0.97	0.01	1.0		0.83	0.62	0.27	0.38	0.62	0.51	0.84	0.2	1.0	0.93	0.31	0.4	0.66	0.91	0.46	-0.07	0.9
Net Receivables	0.77	0.69	0.86	0.61	0.76	-0.7	-0.53	0.84	0.83		0.75	0.71	0.66	0.93	0.81	0.85	0.66	0.84	0.87	0.69	0.75	0.68	0.75	0.68	0.37	0.75
Common Stock Total Equity	0.7	0.67	0.81	0.54	0.6	-0.5	-0.53	0.63	0.62	0.75		0.38	0.7	0.83	0.78	0.9	0.65	0.65	0.71	0.68	0.9	0.48	0.55	0.86	0.5	0.42
Common Stock Shares Outstanding	0.15	0.68	0.72	-0.04	0.19	-0.11	-0.74	0.28	0.27	0.71	0.38		0.57	0.79	0.69	0.33	0.74	0.27	0.34	0.74	0.69	0.41	0.26	0.5	0.53	0.29
Non Current Liabilities Total	0.4	0.99	0.92	0.15	0.2	-0.17	-0.61	0.41	0.38	0.66	0.7	0.57		0.81	0.96	0.52	0.88	0.41	0.38	0.96	0.72	0.7	0.55	0.82	0.7	0.04
Other Stockholder Equity	0.59	0.85	0.95	0.37	0.52	-0.44	-0.73	0.63	0.62	0.93	0.83	0.79	0.81		0.92	0.77	0.84	0.63	0.68	0.87	0.91	0.65	0.57	0.77	0.57	0.48
Total Liab	0.51	0.96	0.99	0.27	0.35	-0.31	-0.67	0.54	0.51	0.81	0.78	0.69	0.96	0.92		0.65	0.89	0.54	0.53	0.96	0.82	0.75	0.58	0.87	0.64	0.24
Net Invested Capital	0.88	0.49	0.71	0.78	0.87	-0.77	-0.37	0.85	0.84	0.85	0.9	0.33	0.52	0.77	0.65		0.49	0.86	0.94	0.48	0.74	0.48	0.71	0.74	0.3	0.74
Short Long Term Debt	0.18	0.92	0.87	-0.08	0.1	0.02	-0.9	0.23	0.2	0.66	0.65	0.74	0.88	0.84	0.89	0.49		0.22	0.35	0.95	0.81	0.43	0.29	0.77	0.88	0.02
Total Current Assets	0.98	0.37	0.58	0.94	0.96	-0.97	0.0	1.0	1.0	0.84	0.65	0.27	0.41	0.63	0.54	0.86	0.22		0.93	0.33	0.42	0.67	0.92	0.5	-0.04	0.88
Net Working Capital	0.91	0.37	0.59	0.85	0.96	-0.88	-0.23	0.93	0.93	0.87	0.71	0.34	0.38	0.68	0.53	0.94	0.35	0.93		0.35	0.55	0.47	0.8	0.57	0.16	0.89
Short Term Debt	0.3	0.99	0.93	0.04	0.15	-0.09	-0.76	0.33	0.31	0.69	0.68	0.74	0.96	0.87	0.96	0.48	0.95	0.33	0.35		0.81	0.61	0.44	0.77	0.77	0.04
Common Stock	0.43	0.75	0.86	0.23	0.38	-0.24	-0.8	0.42	0.4	0.75	0.9	0.69	0.72	0.91	0.82	0.74	0.81	0.42	0.55	0.81		0.38	0.32	0.83	0.67	0.29
Other Current Liab	0.64	0.67	0.75	0.5	0.44	-0.55	-0.14	0.68	0.66	0.68	0.48	0.41	0.7	0.65	0.75	0.48	0.43	0.67	0.47	0.61	0.38		0.68	0.52	0.0	0.4
Property Plant And Equipment Net	0.89	0.5	0.58	0.82	0.81	-0.85	0.05	0.92	0.91	0.75	0.55	0.26	0.55	0.57	0.58	0.71	0.29	0.92	0.8	0.44	0.32	0.68		0.49	0.1	0.68
Accounts Payable	0.53	0.77	0.87	0.32	0.41	-0.3	-0.59	0.48	0.46	0.68	0.86	0.5	0.82	0.77	0.87	0.74	0.77	0.5	0.57	0.77	0.83	0.52	0.49		0.62	0.23
Non Currrent Assets Other	-0.06	0.73	0.59	-0.28	-0.09	0.26	-0.83	-0.05	-0.07	0.37	0.5	0.53	0.7	0.57	0.64	0.3	0.88	-0.04	0.16	0.77	0.67	0.0	0.1	0.62		-0.22
Short Term Investments	0.83	0.05	0.33	0.85	0.94	-0.92	0.02	0.88	0.9	0.75	0.42	0.29	0.04	0.48	0.24	0.74	0.02	0.88	0.89	0.04	0.29	0.4	0.68	0.23	-0.22

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Renalytix Account Relationship Matchups

Renalytix fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	41.3M	102.6M	63.3M	42.1M	8.0M	7.6M
Total Current Liabilities	3.4M	7.3M	12.2M	16.1M	11.5M	8.1M
Total Stockholder Equity	36.0M	95.1M	43.2M	18.5M	(7.9M)	(7.5M)
Net Tangible Assets	18.8M	71.5M	30.6M	7.0M	8.0M	7.6M
Net Debt	(12.7M)	(64.8M)	(28.6M)	(12.5M)	3.9M	4.0M
Retained Earnings	34.9M	3.8M	(53.0M)	(99.2M)	(211.8M)	(201.2M)
Cash	13.3M	65.2M	41.3M	24.7M	4.7M	4.4M
Non Current Assets Total	22.4M	26.6M	15.8M	13.8M	1.9M	1.8M
Cash And Short Term Investments	14.3M	74.5M	44.1M	26.1M	4.7M	4.4M
Net Receivables	18K	1.2M	901K	776K	722K	573.3K
Common Stock Shares Outstanding	29.5M	71.5M	73.8M	82.2M	108.2M	69.2M
Liabilities And Stockholders Equity	41.3M	102.6M	63.3M	42.1M	8.0M	7.6M
Non Current Liabilities Total	2.0M	213K	7.9M	7.5M	4.3M	3.6M
Other Stockholder Equity	2.8M	150.4M	164.0M	186.5M	204.9M	116.8M
Total Liab	5.3M	7.5M	20.1M	23.7M	15.8M	11.5M
Net Invested Capital	36.2M	71.5M	42.9M	30.4M	35.0M	38.4M
Short Long Term Debt	121K	53K	4.7M	4.5M	5.1M	5.4M
Total Current Assets	18.9M	76.0M	47.4M	28.3M	6.1M	5.8M
Net Working Capital	15.5M	59.7M	33.0M	12.2M	14.0M	23.7M
Common Stock	192K	233K	241K	299K	478K	265.2K
Other Current Liab	271K	4.1M	4.5M	8.6M	178K	169.1K
Property Plant And Equipment Net	945K	2.5M	3.1M	1.2M	216K	205.2K
Accounts Payable	2.9M	1.8M	2.5M	2.9M	2.6M	2.5M
Non Currrent Assets Other	83K	(1.1M)	1.5M	51K	1.6M	1.7M
Other Assets	2.4M	7.2M	1.2M	1.1M	1.3M	1.2M
Short Term Investments	982K	9.3M	2.7M	1.5M	1.7M	1.6M
Inventory	326K	353K	1.2M	718K	825.7K	562.5K
Other Current Assets	4.3M	1.2M	2.3M	1.4M	716K	1.3M
Property Plant And Equipment Gross	945K	2.7M	3.6M	1.2M	1.4M	1.9M
Accumulated Other Comprehensive Income	(1.9M)	8.3M	(915K)	(1.5M)	(1.4M)	(1.4M)
Capital Stock	192K	233K	228K	299K	343.9K	247.9K
Property Plant Equipment	945K	2.5M	2.6M	1.2M	1.4M	1.6M

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Renalytix Depreciation And Amortization vs Net Debt Analysis

Depreciation And Amortization vs Net Debt

Depreciation And Amortization vs Net Debt Correlation Analysis

Correlation Coefficient

Depreciation And Amortization

Net Debt

Renalytix fundamental ratios Correlations

Renalytix Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Renalytix fundamental ratios Accounts

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Additional Tools for Renalytix Stock Analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 1.0	Cash
Total Current Assets	+ 1.0	Cash
Total Current Assets	+ 1.0	Cash And Short Term Investments
Non Current Liabilities Total	+ 0.99	Short Long Term Debt Total
Short Term Debt	+ 0.99	Short Long Term Debt Total
Total Liab	+ 0.99	Total Current Liabilities

Net Debt	- 0.98	Total Stockholder Equity
Total Current Assets	- 0.97	Net Debt
Cash And Short Term Investments	- 0.97	Net Debt
Cash	- 0.97	Net Debt
Net Debt	- 0.97	Net Tangible Assets
Net Debt	- 0.96	Total Assets