Amarin Non Current Liabilities Total vs Retained Earnings Analysis

AMRN Stock

USD 0.87 0.01 1.16%

Amarin PLC financial indicator trend analysis is way more than just evaluating Amarin PLC prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Amarin PLC is a good investment. Please check the relationship between Amarin PLC Non Current Liabilities Total and its Retained Earnings accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Amarin PLC. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area.

To learn how to invest in Amarin Stock, please use our How to Invest in Amarin PLC guide.

Non Current Liabilities Total vs Retained Earnings

Non Current Liabilities Total vs Retained Earnings Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Amarin PLC Non Current Liabilities Total account and Retained Earnings. At this time, the significance of the direction appears to have weak relationship.

The correlation between Amarin PLC's Non Current Liabilities Total and Retained Earnings is 0.3. Overlapping area represents the amount of variation of Non Current Liabilities Total that can explain the historical movement of Retained Earnings in the same time period over historical financial statements of Amarin PLC, assuming nothing else is changed. The correlation between historical values of Amarin PLC's Non Current Liabilities Total and Retained Earnings is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Current Liabilities Total of Amarin PLC are associated (or correlated) with its Retained Earnings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Retained Earnings has no effect on the direction of Non Current Liabilities Total i.e., Amarin PLC's Non Current Liabilities Total and Retained Earnings go up and down completely randomly.

Correlation Coefficient

0.3

Relationship Direction	Positive
Relationship Strength	Very Weak

View All Relationships

Non Current Liabilities Total

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.

Most indicators from Amarin PLC's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Amarin PLC 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Amarin PLC. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area.

To learn how to invest in Amarin Stock, please use our How to Invest in Amarin PLC guide.As of the 28th of April 2024, Enterprise Value is likely to grow to about 1.6 B, while Selling General Administrative is likely to drop about 68.4 M.

	2021	2022	2023	2024 (projected)
Interest Expense	129K	15K	8K	7.6K
Depreciation And Amortization	2.9M	2.1M	3.0M	1.9M

Interest Expense Depreciation And Amortization

Amarin PLC fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	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	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Intangible Assets	Common Stock Total Equity	Common Stock
Total Assets		-0.55	0.66	0.96	0.98	0.94	-0.74	-0.73	0.92	0.5	0.81	0.67	0.89	0.96	0.9	-0.58	0.9	0.83	0.93	0.54	0.87	0.99	0.59	0.83	0.85	0.86
Short Long Term Debt Total	-0.55		-0.49	-0.6	-0.69	-0.64	0.61	0.19	-0.55	-0.04	-0.46	-0.47	-0.36	-0.66	-0.46	0.93	-0.62	-0.51	-0.46	0.27	-0.65	-0.54	-0.31	-0.5	-0.42	-0.41
Other Current Liab	0.66	-0.49		0.65	0.7	0.67	-0.59	-0.68	0.41	0.32	0.55	0.63	0.47	0.7	0.77	-0.58	0.76	0.28	0.78	0.06	0.65	0.65	-0.16	0.53	0.79	0.75
Total Current Liabilities	0.96	-0.6	0.65		0.95	0.89	-0.67	-0.79	0.95	0.38	0.8	0.66	0.8	0.99	0.93	-0.67	0.9	0.83	0.94	0.5	0.85	0.95	0.64	0.77	0.89	0.9
Total Stockholder Equity	0.98	-0.69	0.7	0.95		0.97	-0.8	-0.64	0.88	0.47	0.78	0.67	0.85	0.97	0.85	-0.73	0.89	0.81	0.89	0.36	0.89	0.97	0.53	0.82	0.81	0.81
Property Plant And Equipment Net	0.94	-0.64	0.67	0.89	0.97		-0.78	-0.57	0.82	0.49	0.75	0.63	0.84	0.92	0.78	-0.68	0.84	0.81	0.84	0.34	0.87	0.94	0.47	0.81	0.73	0.73
Net Debt	-0.74	0.61	-0.59	-0.67	-0.8	-0.78		0.44	-0.57	-0.81	-0.35	-0.31	-0.85	-0.69	-0.59	0.64	-0.5	-0.52	-0.65	-0.17	-0.46	-0.78	-0.31	-0.55	-0.57	-0.58
Retained Earnings	-0.73	0.19	-0.68	-0.79	-0.64	-0.57	0.44		-0.65	-0.39	-0.57	-0.48	-0.62	-0.75	-0.93	0.3	-0.69	-0.55	-0.92	-0.62	-0.54	-0.73	-0.33	-0.49	-0.95	-0.96
Accounts Payable	0.92	-0.55	0.41	0.95	0.88	0.82	-0.57	-0.65		0.31	0.78	0.58	0.78	0.93	0.82	-0.57	0.81	0.91	0.83	0.59	0.82	0.9	0.81	0.75	0.75	0.78
Cash	0.5	-0.04	0.32	0.38	0.47	0.49	-0.81	-0.39	0.31		0.09	0.03	0.8	0.36	0.38	-0.12	0.13	0.31	0.45	0.43	0.06	0.56	0.19	0.33	0.36	0.4
Non Current Assets Total	0.81	-0.46	0.55	0.8	0.78	0.75	-0.35	-0.57	0.78	0.09		0.94	0.5	0.79	0.74	-0.45	0.88	0.71	0.74	0.49	0.87	0.74	0.46	0.91	0.67	0.68
Non Currrent Assets Other	0.67	-0.47	0.63	0.66	0.67	0.63	-0.31	-0.48	0.58	0.03	0.94		0.33	0.66	0.64	-0.44	0.81	0.48	0.63	0.3	0.77	0.59	0.2	0.87	0.58	0.58
Cash And Short Term Investments	0.89	-0.36	0.47	0.8	0.85	0.84	-0.85	-0.62	0.78	0.8	0.5	0.33		0.79	0.73	-0.41	0.61	0.73	0.79	0.57	0.59	0.93	0.58	0.63	0.7	0.72
Net Receivables	0.96	-0.66	0.7	0.99	0.97	0.92	-0.69	-0.75	0.93	0.36	0.79	0.66	0.79		0.92	-0.72	0.92	0.82	0.94	0.42	0.89	0.96	0.58	0.77	0.88	0.88
Common Stock Shares Outstanding	0.9	-0.46	0.77	0.93	0.85	0.78	-0.59	-0.93	0.82	0.38	0.74	0.64	0.73	0.92		-0.53	0.88	0.69	0.99	0.53	0.77	0.89	0.44	0.67	0.99	0.99
Non Current Liabilities Total	-0.58	0.93	-0.58	-0.67	-0.73	-0.68	0.64	0.3	-0.57	-0.12	-0.45	-0.44	-0.41	-0.72	-0.53		-0.62	-0.53	-0.55	0.25	-0.64	-0.58	-0.3	-0.47	-0.5	-0.49
Inventory	0.9	-0.62	0.76	0.9	0.89	0.84	-0.5	-0.69	0.81	0.13	0.88	0.81	0.61	0.92	0.88	-0.62		0.69	0.88	0.35	0.96	0.86	0.4	0.81	0.85	0.83
Other Current Assets	0.83	-0.51	0.28	0.83	0.81	0.81	-0.52	-0.55	0.91	0.31	0.71	0.48	0.73	0.82	0.69	-0.53	0.69		0.72	0.56	0.76	0.82	0.78	0.71	0.62	0.67
Other Stockholder Equity	0.93	-0.46	0.78	0.94	0.89	0.84	-0.65	-0.92	0.83	0.45	0.74	0.63	0.79	0.94	0.99	-0.55	0.88	0.72		0.53	0.79	0.93	0.45	0.7	0.98	0.98
Total Liab	0.54	0.27	0.06	0.5	0.36	0.34	-0.17	-0.62	0.59	0.43	0.49	0.3	0.57	0.42	0.53	0.25	0.35	0.56	0.53		0.29	0.53	0.58	0.51	0.49	0.53
Property Plant And Equipment Gross	0.87	-0.65	0.65	0.85	0.89	0.87	-0.46	-0.54	0.82	0.06	0.87	0.77	0.59	0.89	0.77	-0.64	0.96	0.76	0.79	0.29		0.83	0.44	0.8	0.73	0.71
Total Current Assets	0.99	-0.54	0.65	0.95	0.97	0.94	-0.78	-0.73	0.9	0.56	0.74	0.59	0.93	0.96	0.89	-0.58	0.86	0.82	0.93	0.53	0.83		0.59	0.78	0.85	0.86
Short Term Debt	0.59	-0.31	-0.16	0.64	0.53	0.47	-0.31	-0.33	0.81	0.19	0.46	0.2	0.58	0.58	0.44	-0.3	0.4	0.78	0.45	0.58	0.44	0.59		0.47	0.37	0.42
Intangible Assets	0.83	-0.5	0.53	0.77	0.82	0.81	-0.55	-0.49	0.75	0.33	0.91	0.87	0.63	0.77	0.67	-0.47	0.81	0.71	0.7	0.51	0.8	0.78	0.47		0.6	0.61
Common Stock Total Equity	0.85	-0.42	0.79	0.89	0.81	0.73	-0.57	-0.95	0.75	0.36	0.67	0.58	0.7	0.88	0.99	-0.5	0.85	0.62	0.98	0.49	0.73	0.85	0.37	0.6		0.99
Common Stock	0.86	-0.41	0.75	0.9	0.81	0.73	-0.58	-0.96	0.78	0.4	0.68	0.58	0.72	0.88	0.99	-0.49	0.83	0.67	0.98	0.53	0.71	0.86	0.42	0.61	0.99

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Amarin PLC Account Relationship Matchups

Amarin PLC fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	882.2M	966.0M	1.1B	886.2M	831.7M	873.3M
Short Long Term Debt Total	59.6M	9.2M	8.6M	10.0M	8.7M	8.3M
Other Current Liab	139.8M	28.8M	45.6M	182.6M	204.2M	214.4M
Total Current Liabilities	242.2M	307.4M	370.7M	259.5M	259.3M	272.2M
Total Stockholder Equity	608.3M	627.5M	667.1M	595.3M	552.1M	579.7M
Property Plant And Equipment Net	10.9M	10.1M	9.1M	9.9M	8.4M	8.8M
Net Debt	(585.0M)	(177.8M)	(210.9M)	(207.7M)	(191.0M)	(181.5M)
Retained Earnings	(1.4B)	(1.4B)	(1.4B)	(1.5B)	(1.6B)	(1.5B)
Accounts Payable	50.0M	105.9M	114.9M	64.6M	52.8M	55.4M
Cash	644.6M	187.0M	219.5M	217.7M	199.8M	107.5M
Non Current Assets Total	27.2M	86.8M	189.3M	197.1M	106.7M	112.0M
Non Currrent Assets Other	1.1M	432K	121.7M	164.1M	79.0M	82.9M
Cash And Short Term Investments	644.6M	500.9M	454.1M	309.4M	321.2M	337.2M
Net Receivables	116.4M	154.6M	163.7M	131.0M	133.6M	140.2M
Common Stock Shares Outstanding	342.5M	381.8M	402.5M	401.2M	407.7M	428.0M
Liabilities And Stockholders Equity	882.2M	966.0M	1.1B	886.2M	831.7M	873.3M
Non Current Liabilities Total	31.7M	31.1M	30.3M	31.4M	20.3M	19.3M
Inventory	76.8M	188.9M	234.7M	228.7M	258.6M	271.5M
Other Current Assets	13.3M	30.9M	22.4M	19.5M	11.6M	6.3M
Other Stockholder Equity	1.7B	1.8B	1.8B	1.8B	1.8B	1.9B
Total Liab	273.9M	338.5M	401.0M	290.8M	279.6M	152.6M
Property Plant And Equipment Gross	2.4M	10.1M	9.1M	9.9M	9.8M	10.3M
Total Current Assets	855.0M	879.2M	878.7M	689.1M	725.0M	761.2M
Short Term Debt	50.1M	169.9M	207.5M	10.0M	11.5M	11.0M
Intangible Assets	15.3M	13.8M	23.5M	21.8M	19.3M	13.5M
Common Stock Total Equity	208.8M	246.7M	269.2M	290.1M	333.6M	350.3M
Common Stock	269.2M	290.1M	294.0M	299.0M	302.8M	317.9M
Other Liab	22.3M	21.9M	21.7M	21.4M	24.6M	32.0M
Current Deferred Revenue	2.3M	2.9M	2.6M	2.2M	2.3M	3.5M
Other Assets	1.1M	73.0M	121.7M	164.1M	188.7M	198.1M
Property Plant Equipment	10.9M	10.1M	9.1M	9.9M	11.4M	12.0M
Net Tangible Assets	571.2M	613.7M	643.6M	573.6M	659.6M	692.6M

Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Amarin PLC in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Amarin PLC's short interest history, or implied volatility extrapolated from Amarin PLC options trading.

Pair Trading with Amarin PLC

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Amarin PLC position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Amarin PLC will appreciate offsetting losses from the drop in the long position's value.

Moving against Amarin Stock

0.81	HCWB	HCW Biologics	Pair Corr
0.73	KRYS	Krystal Biotech Financial Report 13th of May 2024	Pair Corr
0.7	A	Agilent Technologies Financial Report 28th of May 2024	Pair Corr
0.7	ELEV	Elevation Oncology Earnings Call This Week	Pair Corr
0.48	ENVB	Enveric Biosciences Financial Report 20th of May 2024	Pair Corr

The ability to find closely correlated positions to Amarin PLC could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Amarin PLC when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Amarin PLC - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Amarin PLC to buy it.

The correlation of Amarin PLC is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Amarin PLC moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Amarin PLC moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Amarin PLC can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

When determining whether Amarin PLC offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Amarin PLC's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Amarin Plc Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Amarin Plc Stock:

How To Invest In Amarin

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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Amarin PLC. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area.

To learn how to invest in Amarin Stock, please use our How to Invest in Amarin PLC guide.

You can also try the Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.

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When running Amarin PLC's price analysis, check to measure Amarin PLC's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Amarin PLC is operating at the current time. Most of Amarin PLC's value examination focuses on studying past and present price action to predict the probability of Amarin PLC's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Amarin PLC's price. Additionally, you may evaluate how the addition of Amarin PLC to your portfolios can decrease your overall portfolio volatility.

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Is Amarin PLC's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Amarin PLC. If investors know Amarin will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Amarin PLC listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

(0.94)

Earnings Share

(0.15)

Revenue Per Share

0.753

Quarterly Revenue Growth

(0.17)

Return On Assets

(0.01)

The market value of Amarin PLC is measured differently than its book value, which is the value of Amarin that is recorded on the company's balance sheet. Investors also form their own opinion of Amarin PLC's value that differs from its market value or its book value, called intrinsic value, which is Amarin PLC's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Amarin PLC's market value can be influenced by many factors that don't directly affect Amarin PLC's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Amarin PLC's value and its price as these two are different measures arrived at by different means. Investors typically determine if Amarin PLC is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Amarin PLC's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

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Amarin Non Current Liabilities Total vs Retained Earnings Analysis

Non Current Liabilities Total vs Retained Earnings

Non Current Liabilities Total vs Retained Earnings Correlation Analysis

Correlation Coefficient

Non Current Liabilities Total

Retained Earnings

Amarin PLC fundamental ratios Correlations

Amarin PLC Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Amarin PLC fundamental ratios Accounts

Pair Trading with Amarin PLC

Moving against Amarin Stock

Complementary Tools for Amarin Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Current Assets	+ 0.99	Total Assets
Net Receivables	+ 0.99	Total Current Liabilities
Other Stockholder Equity	+ 0.99	Common Stock Shares Outstanding
Common Stock Total Equity	+ 0.99	Common Stock Shares Outstanding
Common Stock	+ 0.99	Common Stock Shares Outstanding
Common Stock	+ 0.99	Common Stock Total Equity

Common Stock	- 0.96	Retained Earnings
Common Stock Total Equity	- 0.95	Retained Earnings
Common Stock Shares Outstanding	- 0.93	Retained Earnings
Other Stockholder Equity	- 0.92	Retained Earnings
Cash And Short Term Investments	- 0.85	Net Debt
Cash	- 0.81	Net Debt