XORTX Capital Stock vs Cash Analysis

XRTX Stock

1.73 0.15 7.98%

XORTX Therapeutics financial indicator trend analysis is more than just analyzing XORTX Therapeutics current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether XORTX Therapeutics is a good investment. Please check the relationship between XORTX Therapeutics Capital Stock and its Cash accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in XORTX Therapeutics. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in interest.

For more information on how to buy XORTX Stock please use our How to Invest in XORTX Therapeutics guide.

Capital Stock vs Cash

Capital Stock vs Cash Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of XORTX Therapeutics Capital Stock account and Cash. At this time, the significance of the direction appears to have very strong relationship.

The correlation between XORTX Therapeutics' Capital Stock and Cash is 0.88. Overlapping area represents the amount of variation of Capital Stock that can explain the historical movement of Cash in the same time period over historical financial statements of XORTX Therapeutics, assuming nothing else is changed. The correlation between historical values of XORTX Therapeutics' Capital Stock and Cash is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Capital Stock of XORTX Therapeutics are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Capital Stock i.e., XORTX Therapeutics' Capital Stock and Cash go up and down completely randomly.

Correlation Coefficient

0.88

Relationship Direction	Positive
Relationship Strength	Strong

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Capital Stock

The total amount of a company's capital funded by shareholders through the issue and subscription of shares.

Cash

Cash refers to the most liquid asset of XORTX Therapeutics, which is listed under current asset account on XORTX Therapeutics balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from XORTX Therapeutics customers. The amounts must be unrestricted with restricted cash listed in a different XORTX Therapeutics account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.

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

For more information on how to buy XORTX Stock please use our How to Invest in XORTX Therapeutics guide.Selling General Administrative is likely to drop to about 1.8 M in 2024. Issuance Of Capital Stock is expected to grow at the current pace this year

	2021	2022	2023	2024 (projected)
Reconciled Depreciation	17.9K	55.5K	139.7K	146.7K
Total Operating Expenses	3.6M	9.9M	6.0M	4.1M

Reconciled Depreciation Total Operating Expenses

XORTX Therapeutics fundamental ratios Correlations

	Other Current Liab	Total Current Liabilities	Net Tangible Assets	Retained Earnings	Accounts Payable	Other Assets	Net Receivables	Other Stockholder Equity	Deferred Long Term Liab	Total Current Assets	Common Stock	Property Plant Equipment	Total Assets	Total Stockholder Equity	Cash	Non Current Assets Total	Long Term Debt	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Current Assets	Total Liab	Net Invested Capital	Capital Stock	Net Working Capital	Intangible Assets	Property Plant And Equipment Net
Other Current Liab		-0.35	0.87	-0.89	0.15	0.73	0.78	0.89	-0.61	0.71	0.93	1.0	0.7	0.7	0.66	0.8	-0.61	-0.11	0.57	0.56	0.47	0.7	0.88	0.73	-0.92	0.55
Total Current Liabilities	-0.35		-0.37	0.19	0.83	-0.19	-0.02	-0.36	0.69	0.02	-0.37	-0.35	-0.11	-0.22	-0.08	-0.21	0.69	-0.08	0.2	-0.23	0.38	-0.22	-0.31	-0.08	0.31	0.41
Net Tangible Assets	0.87	-0.37		-0.81	0.15	0.66	0.8	0.92	-0.53	0.89	0.94	0.87	0.91	0.92	0.9	0.97	-0.53	0.11	0.79	0.13	0.67	0.92	0.98	0.92	-0.75	0.49
Retained Earnings	-0.89	0.19	-0.81		-0.36	-0.79	-0.93	-0.94	0.63	-0.65	-0.96	-0.89	-0.6	-0.57	-0.58	-0.79	0.63	0.41	-0.54	-0.3	-0.47	-0.57	-0.82	-0.64	0.96	-0.77
Accounts Payable	0.15	0.83	0.15	-0.36		0.22	0.53	0.21	0.31	0.44	0.19	0.15	0.3	0.18	0.32	0.3	0.31	-0.25	0.56	-0.16	0.69	0.18	0.2	0.35	-0.21	0.82
Other Assets	0.73	-0.19	0.66	-0.79	0.22		0.76	0.64	-0.31	0.58	0.77	0.73	0.53	0.52	0.5	0.61	-0.31	-0.02	0.47	0.42	0.43	0.52	0.67	0.54	-0.69	0.41
Net Receivables	0.78	-0.02	0.8	-0.93	0.53	0.76		0.87	-0.39	0.74	0.88	0.78	0.68	0.64	0.67	0.85	-0.39	-0.3	0.7	0.07	0.65	0.64	0.83	0.73	-0.83	0.83
Other Stockholder Equity	0.89	-0.36	0.92	-0.94	0.21	0.64	0.87		-0.73	0.72	0.98	0.89	0.71	0.71	0.69	0.89	-0.73	-0.3	0.6	0.17	0.48	0.7	0.9	0.74	-0.92	0.67
Deferred Long Term Liab	-0.61	0.69	-0.53	0.63	0.31	-0.31	-0.39	-0.73		-0.16	-0.68	-0.61	-0.2	-0.22	-0.18	-0.38	1.0	0.48	0.04	-0.27	0.18	-0.22	-0.44	-0.21	0.72	-0.24
Total Current Assets	0.71	0.02	0.89	-0.65	0.44	0.58	0.74	0.72	-0.16		0.76	0.71	0.99	0.96	0.99	0.92	-0.16	0.31	0.97	0.03	0.92	0.96	0.89	0.99	-0.52	0.55
Common Stock	0.93	-0.37	0.94	-0.96	0.19	0.77	0.88	0.98	-0.68	0.76		0.93	0.75	0.74	0.72	0.89	-0.68	-0.19	0.62	0.27	0.51	0.74	0.92	0.77	-0.92	0.62
Property Plant Equipment	1.0	-0.35	0.87	-0.89	0.15	0.73	0.78	0.89	-0.61	0.71	0.93		0.7	0.7	0.66	0.8	-0.61	-0.11	0.57	0.56	0.47	0.7	0.88	0.73	-0.92	0.55
Total Assets	0.7	-0.11	0.91	-0.6	0.3	0.53	0.68	0.71	-0.2	0.99	0.75	0.7		0.99	1.0	0.92	-0.2	0.39	0.95	0.01	0.87	0.99	0.9	1.0	-0.48	0.43
Total Stockholder Equity	0.7	-0.22	0.92	-0.57	0.18	0.52	0.64	0.71	-0.22	0.96	0.74	0.7	0.99		0.99	0.92	-0.22	0.44	0.91	0.03	0.82	1.0	0.91	0.98	-0.48	0.34
Cash	0.66	-0.08	0.9	-0.58	0.32	0.5	0.67	0.69	-0.18	0.99	0.72	0.66	1.0	0.99		0.91	-0.18	0.39	0.95	-0.04	0.88	0.99	0.88	0.99	-0.45	0.44
Non Current Assets Total	0.8	-0.21	0.97	-0.79	0.3	0.61	0.85	0.89	-0.38	0.92	0.89	0.8	0.92	0.92	0.91		-0.38	0.08	0.86	-0.02	0.77	0.92	0.98	0.94	-0.71	0.59
Long Term Debt	-0.61	0.69	-0.53	0.63	0.31	-0.31	-0.39	-0.73	1.0	-0.16	-0.68	-0.61	-0.2	-0.22	-0.18	-0.38		0.48	0.04	-0.27	0.18	-0.22	-0.44	-0.21	0.72	-0.24
Common Stock Shares Outstanding	-0.11	-0.08	0.11	0.41	-0.25	-0.02	-0.3	-0.3	0.48	0.31	-0.19	-0.11	0.39	0.44	0.39	0.08	0.48		0.34	0.0	0.33	0.44	0.1	0.32	0.46	-0.55
Non Current Liabilities Total	0.57	0.2	0.79	-0.54	0.56	0.47	0.7	0.6	0.04	0.97	0.62	0.57	0.95	0.91	0.95	0.86	0.04	0.34		-0.11	0.98	0.91	0.8	0.95	-0.39	0.57
Other Current Assets	0.56	-0.23	0.13	-0.3	-0.16	0.42	0.07	0.17	-0.27	0.03	0.27	0.56	0.01	0.03	-0.04	-0.02	-0.27	0.0	-0.11		-0.12	0.03	0.14	0.03	-0.43	0.0
Total Liab	0.47	0.38	0.67	-0.47	0.69	0.43	0.65	0.48	0.18	0.92	0.51	0.47	0.87	0.82	0.88	0.77	0.18	0.33	0.98	-0.12		0.82	0.69	0.88	-0.3	0.6
Net Invested Capital	0.7	-0.22	0.92	-0.57	0.18	0.52	0.64	0.7	-0.22	0.96	0.74	0.7	0.99	1.0	0.99	0.92	-0.22	0.44	0.91	0.03	0.82		0.91	0.98	-0.47	0.34
Capital Stock	0.88	-0.31	0.98	-0.82	0.2	0.67	0.83	0.9	-0.44	0.89	0.92	0.88	0.9	0.91	0.88	0.98	-0.44	0.1	0.8	0.14	0.69	0.91		0.91	-0.77	0.53
Net Working Capital	0.73	-0.08	0.92	-0.64	0.35	0.54	0.73	0.74	-0.21	0.99	0.77	0.73	1.0	0.98	0.99	0.94	-0.21	0.32	0.95	0.03	0.88	0.98	0.91		-0.53	0.5
Intangible Assets	-0.92	0.31	-0.75	0.96	-0.21	-0.69	-0.83	-0.92	0.72	-0.52	-0.92	-0.92	-0.48	-0.48	-0.45	-0.71	0.72	0.46	-0.39	-0.43	-0.3	-0.47	-0.77	-0.53		-0.68
Property Plant And Equipment Net	0.55	0.41	0.49	-0.77	0.82	0.41	0.83	0.67	-0.24	0.55	0.62	0.55	0.43	0.34	0.44	0.59	-0.24	-0.55	0.57	0.0	0.6	0.34	0.53	0.5	-0.68

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XORTX Therapeutics Account Relationship Matchups

XORTX Therapeutics fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Current Liabilities	1.3M	1.0M	701.0K	2.1M	294.9K	280.2K
Net Tangible Assets	(484.1K)	1.0M	16.5M	9.2M	10.6M	11.1M
Retained Earnings	(6.8M)	(8.0M)	(9.7M)	(19.2M)	(17.9M)	(17.0M)
Accounts Payable	607.4K	390.0K	410.7K	1.8M	195.8K	186.0K
Net Receivables	9.0K	11.3K	40.4K	81.8K	60.7K	36.9K
Other Stockholder Equity	683.0K	1.0M	6.4M	8.0M	9.2M	9.7M
Total Current Assets	815.2K	2.1M	20.2M	14.8M	4.1M	6.7M
Total Assets	1.1M	2.3M	22.0M	12.3M	5.5M	8.2M
Total Stockholder Equity	(211.7K)	1.3M	16.7M	7.0M	4.6M	5.4M
Cash	58.6K	171.3K	18.9M	10.4M	3.4M	6.1M
Non Current Assets Total	272.7K	234.3K	1.9M	1.5M	1.4M	1.0M
Total Liab	1.3M	1.0M	5.3M	5.4M	825.9K	784.6K
Net Invested Capital	(160.9K)	1.3M	16.7M	7.0M	4.6M	5.5M
Net Working Capital	(484.5K)	1.0M	14.9M	9.4M	3.8M	5.2M
Intangible Assets	272.4K	234.3K	256.2K	199.4K	175.3K	189.7K

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