XORTX Net Working Capital vs Net Receivables Analysis

XRTX Stock

USD 1.27 0.06 4.96%

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 Net Working Capital and its Net Receivables 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 estimate.

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

Net Working Capital vs Net Receivables

Net Working Capital vs Net Receivables Correlation Analysis

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

The correlation between XORTX Therapeutics' Net Working Capital and Net Receivables is 0.75. Overlapping area represents the amount of variation of Net Working Capital that can explain the historical movement of Net Receivables 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' Net Working Capital and Net Receivables 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 Working Capital of XORTX Therapeutics are associated (or correlated) with its Net Receivables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Receivables has no effect on the direction of Net Working Capital i.e., XORTX Therapeutics' Net Working Capital and Net Receivables go up and down completely randomly.

Correlation Coefficient

0.75

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Net Working Capital

Net Receivables

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 estimate.

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 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
Research Development	669.1K	6.5M	3.2M	1.7M

Reconciled Depreciation Research Development

XORTX Therapeutics fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Other Stockholder Equity	Total Liab	Total Current Assets	Short Long Term Debt Total	Short Term Debt	Intangible Assets	Net Tangible Assets	Non Currrent Assets Other	Other Assets	Long Term Debt	Non Current Liabilities Total	Deferred Long Term Liab	Net Invested Capital
Total Assets		0.73	0.82	0.98	-0.27	-0.99	-0.58	0.53	0.99	0.9	0.99	0.76	0.63	-0.25	0.89	1.0	-0.35	-0.43	-0.74	0.91	0.61	-0.62	0.56	0.95	-0.15	0.97
Other Current Liab	0.73		0.94	0.76	-0.41	-0.72	-0.1	0.12	0.72	0.47	0.72	0.17	0.15	-0.35	0.56	0.74	-0.09	-0.15	-0.28	0.58	0.42	-0.38	0.27	0.6	0.16	0.82
Total Current Liabilities	0.82	0.94		0.8	-0.51	-0.81	-0.24	0.44	0.81	0.6	0.81	0.35	0.24	-0.44	0.77	0.83	-0.09	-0.17	-0.34	0.62	0.54	-0.5	0.37	0.74	0.19	0.84
Total Stockholder Equity	0.98	0.76	0.8		-0.23	-0.98	-0.55	0.39	0.98	0.88	0.98	0.71	0.61	-0.19	0.8	0.98	-0.38	-0.45	-0.75	0.92	0.58	-0.58	0.56	0.9	-0.17	0.99
Property Plant And Equipment Net	-0.27	-0.41	-0.51	-0.23		0.2	0.45	-0.33	-0.21	-0.31	-0.21	-0.14	-0.35	-0.19	-0.31	-0.26	0.21	0.28	0.25	-0.31	-0.57	0.56	-0.52	-0.12	0.19	-0.29
Net Debt	-0.99	-0.72	-0.81	-0.98	0.2		0.51	-0.51	-1.0	-0.88	-1.0	-0.73	-0.57	0.28	-0.88	-0.99	0.31	0.38	0.7	-0.89	-0.54	0.54	-0.48	-0.96	0.12	-0.97
Retained Earnings	-0.58	-0.1	-0.24	-0.55	0.45	0.51		-0.49	-0.51	-0.76	-0.51	-0.82	-0.98	-0.44	-0.49	-0.55	0.7	0.77	0.86	-0.78	-0.79	0.84	-0.9	-0.45	0.71	-0.53
Accounts Payable	0.53	0.12	0.44	0.39	-0.33	-0.51	-0.49		0.51	0.55	0.51	0.67	0.38	-0.42	0.83	0.52	-0.15	-0.23	-0.3	0.33	0.57	-0.57	0.44	0.66	0.11	0.34
Cash	0.99	0.72	0.81	0.98	-0.21	-1.0	-0.51	0.51		0.88	1.0	0.73	0.57	-0.29	0.89	0.99	-0.3	-0.37	-0.7	0.88	0.53	-0.54	0.48	0.96	-0.11	0.97
Non Current Assets Total	0.9	0.47	0.6	0.88	-0.31	-0.88	-0.76	0.55	0.88		0.88	0.88	0.79	0.05	0.8	0.88	-0.4	-0.48	-0.87	0.92	0.61	-0.63	0.7	0.84	-0.34	0.85
Cash And Short Term Investments	0.99	0.72	0.81	0.98	-0.21	-1.0	-0.51	0.51	1.0	0.88		0.73	0.57	-0.29	0.89	0.99	-0.3	-0.37	-0.7	0.88	0.53	-0.54	0.48	0.96	-0.11	0.97
Net Receivables	0.76	0.17	0.35	0.71	-0.14	-0.73	-0.82	0.67	0.73	0.88	0.73		0.82	0.0	0.74	0.74	-0.59	-0.65	-0.78	0.78	0.7	-0.72	0.77	0.75	-0.35	0.65
Common Stock Shares Outstanding	0.63	0.15	0.24	0.61	-0.35	-0.57	-0.98	0.38	0.57	0.79	0.57	0.82		0.48	0.47	0.6	-0.7	-0.77	-0.91	0.85	0.73	-0.78	0.85	0.48	-0.78	0.6
Other Stockholder Equity	-0.25	-0.35	-0.44	-0.19	-0.19	0.28	-0.44	-0.42	-0.29	0.05	-0.29	0.0	0.48		-0.48	-0.28	-0.3	-0.3	-0.37	0.17	0.02	-0.08	0.29	-0.44	-0.84	-0.15
Total Liab	0.89	0.56	0.77	0.8	-0.31	-0.88	-0.49	0.83	0.89	0.8	0.89	0.74	0.47	-0.48		0.89	-0.18	-0.27	-0.54	0.68	0.58	-0.58	0.46	0.95	0.08	0.78
Total Current Assets	1.0	0.74	0.83	0.98	-0.26	-0.99	-0.55	0.52	0.99	0.88	0.99	0.74	0.6	-0.28	0.89		-0.35	-0.42	-0.71	0.89	0.61	-0.61	0.54	0.95	-0.13	0.97
Short Long Term Debt Total	-0.35	-0.09	-0.09	-0.38	0.21	0.31	0.7	-0.15	-0.3	-0.4	-0.3	-0.59	-0.7	-0.3	-0.18	-0.35		0.99	0.49	-0.53	-0.73	0.75	-0.77	-0.21	0.53	-0.36
Short Term Debt	-0.43	-0.15	-0.17	-0.45	0.28	0.38	0.77	-0.23	-0.37	-0.48	-0.37	-0.65	-0.77	-0.3	-0.27	-0.42	0.99		0.58	-0.61	-0.8	0.83	-0.84	-0.28	0.56	-0.43
Intangible Assets	-0.74	-0.28	-0.34	-0.75	0.25	0.7	0.86	-0.3	-0.7	-0.87	-0.7	-0.78	-0.91	-0.37	-0.54	-0.71	0.49	0.58		-0.91	-0.56	0.61	-0.71	-0.61	0.65	-0.73
Net Tangible Assets	0.91	0.58	0.62	0.92	-0.31	-0.89	-0.78	0.33	0.88	0.92	0.88	0.78	0.85	0.17	0.68	0.89	-0.53	-0.61	-0.91		0.65	-0.68	0.7	0.77	-0.53	0.92
Non Currrent Assets Other	0.61	0.42	0.54	0.58	-0.57	-0.54	-0.79	0.57	0.53	0.61	0.53	0.7	0.73	0.02	0.58	0.61	-0.73	-0.8	-0.56	0.65		-1.0	0.93	0.47	-0.31	0.58
Other Assets	-0.62	-0.38	-0.5	-0.58	0.56	0.54	0.84	-0.57	-0.54	-0.63	-0.54	-0.72	-0.78	-0.08	-0.58	-0.61	0.75	0.83	0.61	-0.68	-1.0		-0.94	-0.47	0.39	-0.58
Long Term Debt	0.56	0.27	0.37	0.56	-0.52	-0.48	-0.9	0.44	0.48	0.7	0.48	0.77	0.85	0.29	0.46	0.54	-0.77	-0.84	-0.71	0.7	0.93	-0.94		0.39	-0.48	0.54
Non Current Liabilities Total	0.95	0.6	0.74	0.9	-0.12	-0.96	-0.45	0.66	0.96	0.84	0.96	0.75	0.48	-0.44	0.95	0.95	-0.21	-0.28	-0.61	0.77	0.47	-0.47	0.39		0.02	0.87
Deferred Long Term Liab	-0.15	0.16	0.19	-0.17	0.19	0.12	0.71	0.11	-0.11	-0.34	-0.11	-0.35	-0.78	-0.84	0.08	-0.13	0.53	0.56	0.65	-0.53	-0.31	0.39	-0.48	0.02		-0.21
Net Invested Capital	0.97	0.82	0.84	0.99	-0.29	-0.97	-0.53	0.34	0.97	0.85	0.97	0.65	0.6	-0.15	0.78	0.97	-0.36	-0.43	-0.73	0.92	0.58	-0.58	0.54	0.87	-0.21

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XORTX Therapeutics Account Relationship Matchups

XORTX Therapeutics fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.1M	2.3M	17.3M	12.3M	5.5M	5.0M
Other Current Liab	641.5K	728.4K	3.8M	151.4K	87.6K	83.2K
Total Current Liabilities	1.3M	1.0M	4.2M	1.5M	294.9K	280.2K
Total Stockholder Equity	(211.7K)	1.3M	13.1M	7.0M	4.6M	3.1M
Property Plant And Equipment Net	731.0	341.0	0.0	92.5K	23.9K	28.8K
Net Debt	(7.8K)	(171.3K)	(14.8M)	(10.3M)	(3.4M)	(3.6M)
Retained Earnings	(6.8M)	(8.0M)	(7.6M)	(14.1M)	(17.9M)	(17.0M)
Accounts Payable	607.4K	305.8K	324.0K	1.3M	195.8K	186.0K
Cash	58.6K	171.3K	14.8M	10.4M	3.4M	3.6M
Non Current Assets Total	272.7K	234.3K	1.5M	1.5M	1.4M	731.9K
Cash And Short Term Investments	58.6K	171.3K	14.8M	10.4M	3.4M	3.6M
Net Receivables	15.5K	14.4K	40.7K	81.8K	60.7K	35.1K
Common Stock Shares Outstanding	595.5K	740.4K	1.1M	1.5M	2.0M	2.1M
Liabilities And Stockholders Equity	1.1M	2.3M	17.3M	12.3M	5.5M	5.0M
Other Stockholder Equity	683.0K	0.0	(1.4M)	(2.4M)	5.5M	5.8M
Total Liab	1.3M	1.0M	4.2M	5.4M	825.9K	784.6K
Total Current Assets	815.2K	2.1M	15.8M	10.9M	4.1M	4.2M
Short Long Term Debt Total	272.5K	43.3K	50.8K	77.4K	11.5K	10.9K
Intangible Assets	272.4K	234.3K	201.0K	199.4K	175.3K	189.0K
Net Tangible Assets	(484.1K)	1.0M	16.5M	9.2M	10.6M	11.1M
Net Invested Capital	(160.9K)	1.3M	16.7M	7.0M	4.6M	4.6M
Net Working Capital	(484.5K)	1.0M	14.9M	9.4M	3.8M	4.3M
Other Current Assets	741.2K	2.1M	1.0M	379.6K	560.4K	728.6K

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XORTX Net Working Capital vs Net Receivables Analysis

Net Working Capital vs Net Receivables

Net Working Capital vs Net Receivables Correlation Analysis

Correlation Coefficient

Net Working Capital

Net Receivables

XORTX Therapeutics fundamental ratios Correlations

XORTX Therapeutics Account Relationship Matchups

High Positive Relationship

High Negative Relationship

XORTX Therapeutics fundamental ratios Accounts

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COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Current Assets	+ 1.0	Total Assets
Cash And Short Term Investments	+ 1.0	Cash
Cash	+ 0.99	Total Assets
Cash And Short Term Investments	+ 0.99	Total Assets
Net Invested Capital	+ 0.99	Total Stockholder Equity
Total Current Assets	+ 0.99	Cash

Other Assets	- 1.0	Non Currrent Assets Other
Cash And Short Term Investments	- 1.0	Net Debt
Cash	- 1.0	Net Debt
Total Current Assets	- 0.99	Net Debt
Net Debt	- 0.99	Total Assets
Common Stock Shares Outstanding	- 0.98	Retained Earnings