Virax Net Invested Capital vs Net Debt Analysis

VRAX Stock

USD 1.94 0.06 3.19%

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

Net Invested Capital vs Net Debt

Net Invested Capital vs Net Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Virax Biolabs Group Net Invested Capital account and Net Debt. At this time, the significance of the direction appears to have pay attention.

The correlation between Virax Biolabs' Net Invested Capital and Net Debt is -0.97. Overlapping area represents the amount of variation of Net Invested Capital that can explain the historical movement of Net Debt in the same time period over historical financial statements of Virax Biolabs Group, assuming nothing else is changed. The correlation between historical values of Virax Biolabs' Net Invested Capital 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 Net Invested Capital of Virax Biolabs Group 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 Net Invested Capital i.e., Virax Biolabs' Net Invested Capital and Net Debt go up and down completely randomly.

Correlation Coefficient

-0.97

Relationship Direction	Negative
Relationship Strength	Significant

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Net Invested Capital

The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.

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 Virax Biolabs' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Virax Biolabs Group 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Virax Biolabs Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

At this time, Virax Biolabs' Enterprise Value Over EBITDA is fairly stable compared to the past year. Enterprise Value Multiple is likely to rise to 0.30 in 2024, whereas Selling General Administrative is likely to drop slightly above 2.7 M in 2024.

	2021	2022	2023	2024 (projected)
Interest Expense	15.4K	15.5K	26.9K	28.3K
Depreciation And Amortization	1.7M	1.0	103.1K	97.9K

Interest Expense Depreciation And Amortization

Virax Biolabs fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Tangible Assets	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Cash And Short Term Investments	Common Stock Shares Outstanding	Non Current Liabilities Total	Total Liab	Net Invested Capital	Total Current Assets	Capital Stock	Net Working Capital	Short Term Debt	Common Stock	Other Assets	Short Term Investments	Non Currrent Assets Other	Property Plant And Equipment Gross	Short Long Term Debt
Total Assets		-0.59	-0.62	-0.61	0.97	0.86	0.7	-0.98	-0.76	-0.32	0.99	0.99	0.39	-0.38	-0.63	0.97	1.0	0.73	1.0	-0.62	0.73	0.47	0.85	0.45	0.47	-0.38
Short Long Term Debt Total	-0.59		0.88	0.63	-0.64	-0.63	-0.98	0.65	0.67	-0.29	-0.56	-0.56	-0.37	-0.35	0.65	-0.64	-0.57	-0.74	-0.6	0.99	-0.74	-0.44	-0.59	-0.46	-0.44	0.44
Other Current Liab	-0.62	0.88		0.89	-0.73	-0.85	-0.94	0.64	0.92	0.01	-0.54	-0.54	-0.7	-0.21	0.89	-0.73	-0.58	-0.95	-0.62	0.94	-0.95	-0.79	-0.83	-0.82	-0.79	0.78
Total Current Liabilities	-0.61	0.63	0.89		-0.75	-0.9	-0.76	0.59	0.95	0.45	-0.51	-0.51	-0.81	0.18	1.0	-0.74	-0.55	-0.93	-0.6	0.74	-0.93	-0.9	-0.89	-0.95	-0.9	0.89
Total Stockholder Equity	0.97	-0.64	-0.73	-0.75		0.95	0.77	-0.97	-0.86	-0.37	0.95	0.95	0.47	-0.35	-0.77	1.0	0.96	0.85	0.97	-0.69	0.85	0.58	0.9	0.61	0.58	-0.58
Net Tangible Assets	0.86	-0.63	-0.85	-0.9	0.95		0.78	-0.85	-0.97	-0.43	0.81	0.81	0.67	-0.28	-0.91	0.95	0.83	0.95	0.86	-0.72	0.95	0.79	0.96	0.83	0.79	-0.79
Current Deferred Revenue	0.7	-0.98	-0.94	-0.76	0.77	0.78		-0.74	-0.81	0.12	0.66	0.66	0.5	0.22	-0.78	0.76	0.68	0.86	0.7	-0.99	0.86	0.58	0.74	0.61	0.58	-0.57
Net Debt	-0.98	0.65	0.64	0.59	-0.97	-0.85	-0.74		0.74	0.25	-0.99	-0.99	-0.29	0.32	0.62	-0.97	-0.99	-0.73	-0.99	0.66	-0.73	-0.4	-0.79	-0.42	-0.4	0.4
Retained Earnings	-0.76	0.67	0.92	0.95	-0.86	-0.97	-0.81	0.74		0.33	-0.67	-0.67	-0.79	0.12	0.94	-0.86	-0.71	-0.99	-0.75	0.77	-0.99	-0.88	-0.96	-0.92	-0.88	0.85
Accounts Payable	-0.32	-0.29	0.01	0.45	-0.37	-0.43	0.12	0.25	0.33		-0.28	-0.28	-0.35	0.91	0.45	-0.37	-0.3	-0.21	-0.32	-0.18	-0.21	-0.4	-0.42	-0.42	-0.4	0.39
Cash	0.99	-0.56	-0.54	-0.51	0.95	0.81	0.66	-0.99	-0.67	-0.28		1.0	0.25	-0.39	-0.54	0.95	1.0	0.66	0.99	-0.57	0.66	0.34	0.76	0.34	0.34	-0.3
Cash And Short Term Investments	0.99	-0.56	-0.54	-0.51	0.95	0.81	0.66	-0.99	-0.67	-0.28	1.0		0.25	-0.39	-0.54	0.95	1.0	0.66	0.99	-0.57	0.66	0.34	0.76	0.34	0.34	-0.3
Common Stock Shares Outstanding	0.39	-0.37	-0.7	-0.81	0.47	0.67	0.5	-0.29	-0.79	-0.35	0.25	0.25		-0.07	-0.79	0.46	0.31	0.74	0.38	-0.49	0.74	0.98	0.81	0.88	0.98	-0.67
Non Current Liabilities Total	-0.38	-0.35	-0.21	0.18	-0.35	-0.28	0.22	0.32	0.12	0.91	-0.39	-0.39	-0.07		0.2	-0.35	-0.39	0.01	-0.39	-0.3	0.01	-0.1	-0.27	-0.08	-0.1	0.06
Total Liab	-0.63	0.65	0.89	1.0	-0.77	-0.91	-0.78	0.62	0.94	0.45	-0.54	-0.54	-0.79	0.2		-0.76	-0.58	-0.92	-0.63	0.76	-0.92	-0.88	-0.89	-0.93	-0.88	0.88
Net Invested Capital	0.97	-0.64	-0.73	-0.74	1.0	0.95	0.76	-0.97	-0.86	-0.37	0.95	0.95	0.46	-0.35	-0.76		0.96	0.84	0.97	-0.69	0.84	0.57	0.89	0.61	0.57	-0.58
Total Current Assets	1.0	-0.57	-0.58	-0.55	0.96	0.83	0.68	-0.99	-0.71	-0.3	1.0	1.0	0.31	-0.39	-0.58	0.96		0.69	1.0	-0.59	0.69	0.4	0.8	0.39	0.4	-0.34
Capital Stock	0.73	-0.74	-0.95	-0.93	0.85	0.95	0.86	-0.73	-0.99	-0.21	0.66	0.66	0.74	0.01	-0.92	0.84	0.69		0.73	-0.83	1.0	0.84	0.93	0.89	0.84	-0.85
Net Working Capital	1.0	-0.6	-0.62	-0.6	0.97	0.86	0.7	-0.99	-0.75	-0.32	0.99	0.99	0.38	-0.39	-0.63	0.97	1.0	0.73		-0.62	0.73	0.46	0.84	0.44	0.46	-0.37
Short Term Debt	-0.62	0.99	0.94	0.74	-0.69	-0.72	-0.99	0.66	0.77	-0.18	-0.57	-0.57	-0.49	-0.3	0.76	-0.69	-0.59	-0.83	-0.62		-0.83	-0.57	-0.69	-0.6	-0.57	0.56
Common Stock	0.73	-0.74	-0.95	-0.93	0.85	0.95	0.86	-0.73	-0.99	-0.21	0.66	0.66	0.74	0.01	-0.92	0.84	0.69	1.0	0.73	-0.83		0.84	0.93	0.89	0.84	-0.85
Other Assets	0.47	-0.44	-0.79	-0.9	0.58	0.79	0.58	-0.4	-0.88	-0.4	0.34	0.34	0.98	-0.1	-0.88	0.57	0.4	0.84	0.46	-0.57	0.84		0.87	0.96	1.0	-0.8
Short Term Investments	0.85	-0.59	-0.83	-0.89	0.9	0.96	0.74	-0.79	-0.96	-0.42	0.76	0.76	0.81	-0.27	-0.89	0.89	0.8	0.93	0.84	-0.69	0.93	0.87		0.84	0.87	-0.71
Non Currrent Assets Other	0.45	-0.46	-0.82	-0.95	0.61	0.83	0.61	-0.42	-0.92	-0.42	0.34	0.34	0.88	-0.08	-0.93	0.61	0.39	0.89	0.44	-0.6	0.89	0.96	0.84		0.96	-0.94
Property Plant And Equipment Gross	0.47	-0.44	-0.79	-0.9	0.58	0.79	0.58	-0.4	-0.88	-0.4	0.34	0.34	0.98	-0.1	-0.88	0.57	0.4	0.84	0.46	-0.57	0.84	1.0	0.87	0.96		-0.8
Short Long Term Debt	-0.38	0.44	0.78	0.89	-0.58	-0.79	-0.57	0.4	0.85	0.39	-0.3	-0.3	-0.67	0.06	0.88	-0.58	-0.34	-0.85	-0.37	0.56	-0.85	-0.8	-0.71	-0.94	-0.8

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Virax Net Invested Capital vs Net Debt Analysis

Net Invested Capital vs Net Debt

Net Invested Capital vs Net Debt Correlation Analysis

Correlation Coefficient

Net Invested Capital

Net Debt

Virax Biolabs fundamental ratios Correlations

Virax Biolabs Account Relationship Matchups

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COMMON DESTINATIONS

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COMPANY

Total Current Assets	+ 1.0	Total Assets
Net Working Capital	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Current Liabilities
Net Invested Capital	+ 1.0	Total Stockholder Equity
Cash And Short Term Investments	+ 1.0	Cash
Total Current Assets	+ 1.0	Cash

Common Stock	- 0.99	Retained Earnings
Capital Stock	- 0.99	Retained Earnings
Net Working Capital	- 0.99	Net Debt
Total Current Assets	- 0.99	Net Debt
Cash And Short Term Investments	- 0.99	Net Debt
Cash	- 0.99	Net Debt