Xref Retained Earnings vs Net Debt Analysis

XF1 Stock

0.21 0.01 4.55%

Xref financial indicator trend analysis is more than just analyzing Xref current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Xref is a good investment. Please check the relationship between Xref Retained Earnings and its Net Debt accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Xref. 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.

Retained Earnings vs Net Debt

Retained Earnings vs Net Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Xref Retained Earnings account and Net Debt. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between Xref's Retained Earnings and Net Debt is -0.17. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Net Debt in the same time period over historical financial statements of Xref, assuming nothing else is changed. The correlation between historical values of Xref's Retained Earnings 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 Retained Earnings of Xref 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 Retained Earnings i.e., Xref's Retained Earnings and Net Debt go up and down completely randomly.

Correlation Coefficient

-0.17

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.

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 Xref's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Xref 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 Current Watchlist to better understand how to build diversified portfolios, which includes a position in Xref. 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.

Tax Provision is likely to gain to about 14.5 K in 2024, whereas Selling General Administrative is likely to drop slightly above 262.8 K in 2024.

	2023	2024 (projected)
Research Development	543.0K	515.9K
Interest Income	37.9K	42.9K

Research Development Interest Income

Xref fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Common Stock Shares Outstanding	Other Current Assets	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Intangible Assets	Common Stock	Net Tangible Assets	Accounts Payable	Other Stockholder Equity	Property Plant Equipment	Short Long Term Debt Total	Non Currrent Assets Other	Other Assets
Total Assets		0.58	0.92	-0.32	0.08	-0.22	-0.69	0.8	0.53	0.74	0.78	0.57	0.65	0.28	0.93	0.47	0.89	0.48	0.81	-0.45	0.78	-0.34	0.08	0.51	0.03	0.39
Other Current Liab	0.58		0.68	-0.56	-0.15	0.35	-0.62	0.28	0.84	0.47	0.65	0.92	0.87	0.3	0.68	0.27	0.44	0.88	0.62	-0.44	0.69	-0.18	-0.2	0.85	-0.07	0.91
Total Current Liabilities	0.92	0.68		-0.63	-0.18	-0.06	-0.86	0.68	0.51	0.63	0.88	0.75	0.79	0.31	0.99	0.24	0.82	0.54	0.95	-0.64	0.81	-0.45	-0.22	0.57	-0.18	0.49
Total Stockholder Equity	-0.32	-0.56	-0.63		0.6	-0.49	0.77	-0.02	-0.35	-0.04	-0.55	-0.66	-0.59	-0.16	-0.65	0.23	-0.19	-0.54	-0.63	0.67	-0.45	0.2	0.68	-0.55	0.29	-0.53
Property Plant And Equipment Net	0.08	-0.15	-0.18	0.6		-0.07	0.26	-0.06	0.19	-0.11	-0.13	-0.35	-0.35	-0.32	-0.17	0.83	-0.13	-0.16	-0.29	0.45	-0.1	0.22	0.9	-0.19	0.01	-0.22
Net Debt	-0.22	0.35	-0.06	-0.49	-0.07		-0.17	-0.67	0.55	-0.53	-0.1	0.17	-0.01	-0.13	0.02	0.18	-0.56	0.59	-0.22	-0.12	0.07	0.59	-0.13	0.51	0.01	0.57
Retained Earnings	-0.69	-0.62	-0.86	0.77	0.26	-0.17		-0.43	-0.5	-0.42	-0.69	-0.75	-0.73	-0.27	-0.85	-0.16	-0.56	-0.56	-0.83	0.72	-0.65	0.45	0.34	-0.61	0.33	-0.47
Cash	0.8	0.28	0.68	-0.02	-0.06	-0.67	-0.43		0.12	0.94	0.54	0.43	0.57	0.34	0.66	0.12	0.97	0.13	0.7	-0.28	0.47	-0.61	0.01	0.25	0.07	0.03
Non Current Assets Total	0.53	0.84	0.51	-0.35	0.19	0.55	-0.5	0.12		0.31	0.36	0.64	0.55	0.14	0.56	0.64	0.22	0.94	0.3	-0.31	0.6	0.21	0.19	0.89	0.07	0.85
Cash And Short Term Investments	0.74	0.47	0.63	-0.04	-0.11	-0.53	-0.42	0.94	0.31		0.47	0.6	0.71	0.42	0.61	0.13	0.91	0.34	0.64	-0.28	0.48	-0.57	-0.01	0.47	0.09	0.24
Net Receivables	0.78	0.65	0.88	-0.55	-0.13	-0.1	-0.69	0.54	0.36	0.47		0.68	0.72	0.08	0.84	0.15	0.71	0.38	0.88	-0.4	0.66	-0.52	-0.2	0.38	-0.17	0.46
Common Stock Total Equity	0.57	0.92	0.75	-0.66	-0.35	0.17	-0.75	0.43	0.64	0.6	0.68		0.98	0.39	0.72	0.03	0.57	0.74	0.77	-0.56	0.64	-0.47	-0.4	0.79	-0.25	0.74
Common Stock Shares Outstanding	0.65	0.87	0.79	-0.59	-0.35	-0.01	-0.73	0.57	0.55	0.71	0.72	0.98		0.43	0.75	0.01	0.69	0.65	0.84	-0.58	0.66	-0.57	-0.39	0.72	-0.24	0.64
Other Current Assets	0.28	0.3	0.31	-0.16	-0.32	-0.13	-0.27	0.34	0.14	0.42	0.08	0.39	0.43		0.29	-0.1	0.42	0.23	0.34	-0.34	0.44	-0.16	-0.41	0.29	-0.04	0.16
Total Liab	0.93	0.68	0.99	-0.65	-0.17	0.02	-0.85	0.66	0.56	0.61	0.84	0.72	0.75	0.29		0.29	0.79	0.6	0.9	-0.62	0.8	-0.35	-0.2	0.63	-0.09	0.52
Property Plant And Equipment Gross	0.47	0.27	0.24	0.23	0.83	0.18	-0.16	0.12	0.64	0.13	0.15	0.03	0.01	-0.1	0.29		0.13	0.36	0.03	0.07	0.32	0.27	0.74	0.31	0.12	0.23
Total Current Assets	0.89	0.44	0.82	-0.19	-0.13	-0.56	-0.56	0.97	0.22	0.91	0.71	0.57	0.69	0.42	0.79	0.13		0.25	0.83	-0.4	0.62	-0.62	-0.1	0.34	0.01	0.18
Intangible Assets	0.48	0.88	0.54	-0.54	-0.16	0.59	-0.56	0.13	0.94	0.34	0.38	0.74	0.65	0.23	0.6	0.36	0.25		0.37	-0.43	0.62	0.18	-0.12	0.96	0.13	0.93
Common Stock	0.81	0.62	0.95	-0.63	-0.29	-0.22	-0.83	0.7	0.3	0.64	0.88	0.77	0.84	0.34	0.9	0.03	0.83	0.37		-0.65	0.71	-0.66	-0.38	0.43	-0.3	0.36
Net Tangible Assets	-0.45	-0.44	-0.64	0.67	0.45	-0.12	0.72	-0.28	-0.31	-0.28	-0.4	-0.56	-0.58	-0.34	-0.62	0.07	-0.4	-0.43	-0.65		-0.51	0.3	0.55	-0.4	0.23	-0.34
Accounts Payable	0.78	0.69	0.81	-0.45	-0.1	0.07	-0.65	0.47	0.6	0.48	0.66	0.64	0.66	0.44	0.8	0.32	0.62	0.62	0.71	-0.51		-0.09	-0.11	0.56	-0.07	0.61
Other Stockholder Equity	-0.34	-0.18	-0.45	0.2	0.22	0.59	0.45	-0.61	0.21	-0.57	-0.52	-0.47	-0.57	-0.16	-0.35	0.27	-0.62	0.18	-0.66	0.3	-0.09		0.29	0.03	0.42	0.17
Property Plant Equipment	0.08	-0.2	-0.22	0.68	0.9	-0.13	0.34	0.01	0.19	-0.01	-0.2	-0.4	-0.39	-0.41	-0.2	0.74	-0.1	-0.12	-0.38	0.55	-0.11	0.29		-0.15	0.03	-0.18
Short Long Term Debt Total	0.51	0.85	0.57	-0.55	-0.19	0.51	-0.61	0.25	0.89	0.47	0.38	0.79	0.72	0.29	0.63	0.31	0.34	0.96	0.43	-0.4	0.56	0.03	-0.15		0.1	0.84
Non Currrent Assets Other	0.03	-0.07	-0.18	0.29	0.01	0.01	0.33	0.07	0.07	0.09	-0.17	-0.25	-0.24	-0.04	-0.09	0.12	0.01	0.13	-0.3	0.23	-0.07	0.42	0.03	0.1		0.12
Other Assets	0.39	0.91	0.49	-0.53	-0.22	0.57	-0.47	0.03	0.85	0.24	0.46	0.74	0.64	0.16	0.52	0.23	0.18	0.93	0.36	-0.34	0.61	0.17	-0.18	0.84	0.12

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Xref Account Relationship Matchups

Xref fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	11.9M	8.5M	15.0M	20.2M	22.9M	20.4M
Other Current Liab	2.0M	1.9M	2.1M	3.4M	3.6M	3.8M
Total Current Liabilities	10.5M	11.8M	14.1M	17.4M	18.1M	301.8K
Total Stockholder Equity	(2.4M)	(1.0M)	1.5M	(202.5K)	(5.8M)	1.1M
Property Plant And Equipment Net	754.6K	393.4K	551.3K	1.2M	327.7K	311.3K
Net Debt	(2.4M)	(3.4M)	(6.7M)	(1.5M)	3.8M	3.9M
Retained Earnings	(34.2M)	(34.0M)	(32.1M)	(34.9M)	(40.6M)	(17.3M)
Cash	8.0M	2.9M	8.1M	11.7M	6.8M	4.6M
Non Current Assets Total	2.6M	4.4M	4.7M	11.2M	11.5M	12.1M
Cash And Short Term Investments	2.9M	8.1M	11.7M	6.8M	4.6M	4.7M
Net Receivables	2.3M	2.2M	2.0M	1.9M	2.8M	3.7M
Common Stock Shares Outstanding	172.9M	202.9M	202.8M	186.1M	187.0M	196.3M
Liabilities And Stockholders Equity	8.5M	15.0M	20.2M	22.9M	20.4M	10.5M
Other Current Assets	744.6K	492.4K	1.9M	1.1M	555.7K	1.1M
Total Liab	10.9M	16.0M	18.7M	23.1M	26.2M	301.8K
Property Plant And Equipment Gross	754.6K	1.5M	2.0M	3.9M	2.7M	1.6M
Total Current Assets	11.3M	5.8M	10.6M	15.5M	11.7M	8.9M
Accumulated Other Comprehensive Income	(21.4M)	(20.9M)	(21.5M)	(20.7M)	(20.6M)	(19.6M)
Intangible Assets	491.1K	2.9M	2.7M	7.1M	8.1M	8.5M
Common Stock	48.8M	53.2M	53.9M	55.1M	55.5M	55.4M
Net Tangible Assets	(4.2M)	(3.9M)	(2.6M)	(9.6M)	1.1M	1.2M
Accounts Payable	384.4K	471.4K	366.4K	956.0K	744.4K	287.4K
Other Stockholder Equity	(21.4M)	(20.9M)	(21.5M)	(843.1K)	762.7K	800.8K
Property Plant Equipment	754.6K	393.4K	551.3K	1.2M	1.1M	755.1K
Non Currrent Assets Other	(2.6M)	(248.3K)	55.1K	369.6K	10.6K	11.1K
Other Assets	70.3K	54.1K	55.1K	369.6K	425.0K	446.3K
Non Current Liabilities Total	335.8K	4.2M	4.6M	5.7M	8.1M	8.5M
Inventory	566.1K	492.4K	715.7K	906.9K	523.7K	451.4K
Short Term Debt	336.7K	636.4K	554.7K	849.9K	1.2M	628.1K
Other Liab	197.0K	185.7K	(330.0K)	1.2M	1.4M	1.5M
Current Deferred Revenue	7.8M	8.8M	11.1M	12.2M	12.6M	8.0M
Long Term Debt Total	138.8K	4.0M	4.4M	4.5M	5.2M	5.4M
Net Invested Capital	(2.4M)	3.5M	6.1M	4.6M	2.5M	3.1M
Cash And Equivalents	4.5M	8.0M	11.7M	6.8M	7.9M	7.7M
Net Working Capital	(4.7M)	(97.3K)	1.4M	(5.7M)	(9.3M)	(8.8M)

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