Varex Short Long Term Debt vs Long Term Debt Total Analysis

VREX Stock  USD 16.67  0.16  0.97%   
Varex Imaging financial indicator trend analysis is much more than just breaking down Varex Imaging Corp prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Varex Imaging Corp is a good investment. Please check the relationship between Varex Imaging Short Long Term Debt and its Long Term Debt Total accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Varex Imaging Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

Short Long Term Debt vs Long Term Debt Total

Short Long Term Debt vs Long Term Debt Total Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Varex Imaging Corp Short Long Term Debt account and Long Term Debt Total. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Varex Imaging's Short Long Term Debt and Long Term Debt Total is -0.21. Overlapping area represents the amount of variation of Short Long Term Debt that can explain the historical movement of Long Term Debt Total in the same time period over historical financial statements of Varex Imaging Corp, assuming nothing else is changed. The correlation between historical values of Varex Imaging's Short Long Term Debt and Long Term Debt Total is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Short Long Term Debt of Varex Imaging Corp are associated (or correlated) with its Long Term Debt Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Long Term Debt Total has no effect on the direction of Short Long Term Debt i.e., Varex Imaging's Short Long Term Debt and Long Term Debt Total go up and down completely randomly.

Correlation Coefficient

-0.21
Relationship DirectionNegative 
Relationship StrengthInsignificant

Short Long Term Debt

The total of a company's short-term and long-term borrowings.

Long Term Debt Total

Most indicators from Varex Imaging's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Varex Imaging Corp 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 Varex Imaging Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.
Selling General Administrative is likely to drop to about 124.3 M in 2024. Tax Provision is likely to rise to about (14.9 M) in 2024
 2021 2022 2023 2024 (projected)
Interest Expense39.8M29.3M31.1M21.4M
Depreciation And Amortization33.6M33.2M31.1M30.4M

Varex Imaging fundamental ratios Correlations

0.530.360.430.660.38-0.120.490.70.340.420.620.43-0.590.640.560.450.450.530.690.380.45-0.750.480.65-0.19
0.530.930.980.680.97-0.760.990.630.930.890.890.98-0.180.820.770.990.970.960.850.350.98-0.490.980.970.56
0.360.930.960.510.96-0.840.90.380.930.830.790.94-0.040.720.760.960.940.870.790.20.95-0.360.890.880.59
0.430.980.960.590.99-0.820.950.510.950.870.830.97-0.160.780.770.990.970.920.760.230.98-0.470.960.930.59
0.660.680.510.590.53-0.080.730.670.390.560.720.6-0.430.710.450.60.50.740.640.870.52-0.570.730.760.01
0.380.970.960.990.53-0.870.950.530.970.870.80.99-0.030.720.720.990.980.910.760.180.99-0.370.940.890.69
-0.12-0.76-0.84-0.82-0.08-0.87-0.71-0.31-0.93-0.72-0.54-0.84-0.22-0.5-0.61-0.83-0.87-0.65-0.570.25-0.870.09-0.69-0.62-0.8
0.490.990.90.950.730.95-0.710.630.890.880.90.97-0.170.830.70.970.950.960.820.440.95-0.481.00.960.55
0.70.630.380.510.670.53-0.310.630.490.480.560.61-0.220.50.450.570.550.620.570.380.54-0.390.610.620.36
0.340.930.930.950.390.97-0.930.890.490.890.720.96-0.020.640.750.960.980.880.730.020.98-0.290.880.840.74
0.420.890.830.870.560.87-0.720.880.480.890.660.9-0.160.630.680.90.890.930.770.260.89-0.260.850.840.56
0.620.890.790.830.720.8-0.540.90.560.720.660.81-0.280.90.690.830.840.790.850.470.84-0.690.910.940.25
0.430.980.940.970.60.99-0.840.970.610.960.90.81-0.040.740.711.00.980.940.80.270.98-0.350.960.910.68
-0.59-0.18-0.04-0.16-0.43-0.03-0.22-0.17-0.22-0.02-0.16-0.28-0.04-0.44-0.53-0.07-0.09-0.27-0.08-0.29-0.10.73-0.19-0.360.48
0.640.820.720.780.710.72-0.50.830.50.640.630.90.74-0.440.680.750.750.740.730.510.76-0.730.840.870.1
0.560.770.760.770.450.72-0.610.70.450.750.680.690.71-0.530.680.730.770.720.60.080.78-0.540.70.80.3
0.450.990.960.990.60.99-0.830.970.570.960.90.831.0-0.070.750.730.980.940.820.250.99-0.40.960.920.64
0.450.970.940.970.50.98-0.870.950.550.980.890.840.98-0.090.750.770.980.910.820.151.0-0.410.940.920.65
0.530.960.870.920.740.91-0.650.960.620.880.930.790.94-0.270.740.720.940.910.790.440.92-0.450.950.930.52
0.690.850.790.760.640.76-0.570.820.570.730.770.850.8-0.080.730.60.820.820.790.390.81-0.480.80.860.29
0.380.350.20.230.870.180.250.440.380.020.260.470.27-0.290.510.080.250.150.440.390.17-0.330.440.44-0.21
0.450.980.950.980.520.99-0.870.950.540.980.890.840.98-0.10.760.780.991.00.920.810.17-0.420.940.920.64
-0.75-0.49-0.36-0.47-0.57-0.370.09-0.48-0.39-0.29-0.26-0.69-0.350.73-0.73-0.54-0.4-0.41-0.45-0.48-0.33-0.42-0.52-0.650.32
0.480.980.890.960.730.94-0.691.00.610.880.850.910.96-0.190.840.70.960.940.950.80.440.94-0.520.960.52
0.650.970.880.930.760.89-0.620.960.620.840.840.940.91-0.360.870.80.920.920.930.860.440.92-0.650.960.36
-0.190.560.590.590.010.69-0.80.550.360.740.560.250.680.480.10.30.640.650.520.29-0.210.640.320.520.36
Click cells to compare fundamentals

Varex Imaging Account Relationship Matchups

Varex Imaging fundamental ratios Accounts

201920202021202220232024 (projected)
Common Stock Shares Outstanding38.8M40.3M41.6M50.3M40.8M44.0M
Total Assets1.1B1.1B1.2B1.2B1.2B1.1B
Other Current Liab64.7M81.5M77.3M58.5M70.5M60.1M
Total Current Liabilities160.6M166.6M173.1M162.8M195.9M156.4M
Total Stockholder Equity451.7M483.3M533.4M567.7M535.1M519.2M
Other Liab40.2M36.8M37.2M34.3M39.4M29.0M
Net Tangible Assets108.8M67.8M91.1M215.3M193.8M156M
Property Plant And Equipment Net142.3M172.9M164.5M172.6M181.7M156.0M
Current Deferred Revenue8.6M9.1M7.4M21M7.9M11.3M
Net Debt383.9M314.8M347M316.9M301.7M271.0M
Accounts Payable72.9M58.8M78.2M64.7M59.1M65.3M
Cash100.6M144.6M89.4M152.6M168.7M87.9M
Non Current Assets Total617.5M593.3M574.5M591.3M567.1M531.2M
Other Assets11M27.5M32.7M(13.2M)(15.2M)(14.4M)
Cash And Short Term Investments100.6M144.6M89.4M152.6M200.5M210.5M
Net Receivables141M123.8M155.3M173.3M157.7M160.1M
Good Will293.1M292.2M284.5M288.5M291M241.1M
Liabilities And Stockholders Equity1.1B1.1B1.2B1.2B1.2B1.1B
Non Current Liabilities Total513.1M484.4M464.6M505.8M471.9M376.3M
Inventory271.9M224.8M303.2M277.5M264.8M257.4M
Other Current Assets50.1M57.5M44M64.6M26.9M30.2M
Other Stockholder Equity434.4M449.4M469.1M450.4M467.2M471.3M
Total Liab673.7M651M637.7M668.6M667.8M532.7M
Property Plant And Equipment Gross142.3M172.9M164.5M172.6M198.5M151.6M
Total Current Assets522M554.2M609.9M658.3M649.9M533.5M
Intangible Assets67.5M50.7M33.6M22.4M16.1M15.3M
Property Plant Equipment144.9M142.3M172.9M164.5M189.2M148.4M
Non Currrent Assets Other32.2M32.6M43.2M37.5M46.8M49.1M
Short Term Debt8.8M9.2M6.3M5.3M50.3M52.8M
Non Current Liabilities Other24.5M31.8M33.8M41.6M47.8M50.2M
Short Long Term Debt Total484.5M459.4M436.4M469.5M470.4M493.5M
Noncontrolling Interest In Consolidated Entity3.3M14.1M13.2M13.3M15.3M8.4M
Retained Earnings16.9M33.5M63.8M118.1M70.4M65.4M
Long Term Debt452.8M431.7M412.3M441.1M507.3M460.6M
Retained Earnings Total Equity74.4M16.1M33.5M63.8M57.4M38.0M

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