Soligenix Net Interest Income vs Tax Provision Analysis

SNGX Stock

USD 0.41 0.01 2.38%

Soligenix financial indicator trend analysis is much more than just breaking down Soligenix prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Soligenix is a good investment. Please check the relationship between Soligenix Net Interest Income and its Tax Provision accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Soligenix. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price.

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

Net Interest Income vs Tax Provision

Net Interest Income vs Tax Provision Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Soligenix Net Interest Income account and Tax Provision. At this time, the significance of the direction appears to have strong relationship.

The correlation between Soligenix's Net Interest Income and Tax Provision is 0.71. Overlapping area represents the amount of variation of Net Interest Income that can explain the historical movement of Tax Provision in the same time period over historical financial statements of Soligenix, assuming nothing else is changed. The correlation between historical values of Soligenix's Net Interest Income and Tax Provision 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 Interest Income of Soligenix are associated (or correlated) with its Tax Provision. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Tax Provision has no effect on the direction of Net Interest Income i.e., Soligenix's Net Interest Income and Tax Provision go up and down completely randomly.

Correlation Coefficient

0.71

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Net Interest Income

The difference between the revenue generated from a bank's interest-bearing assets and the expenses associated with paying its interest-bearing liabilities.

Tax Provision

The amount set aside by a company to cover any estimated taxes for the current period. It reflects the company's expected tax liabilities.

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

For more information on how to buy Soligenix Stock please use our How to Invest in Soligenix guide.Selling General Administrative is likely to drop to about 4.3 M in 2024. Tax Provision is likely to rise to about (1.1 M) in 2024

	2021	2022	2023	2024 (projected)
Gross Profit	95.6K	398.1K	90.8K	86.2K
Total Revenue	824.3K	948.9K	839.4K	797.4K

Gross Profit Total Revenue

Soligenix fundamental ratios Correlations

	Total Assets	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	Common Stock Total Equity	Common Stock Shares Outstanding	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Intangible Assets	Common Stock	Non Currrent Assets Other	Accounts Payable	Non Current Liabilities Total	Other Current Assets	Short Long Term Debt Total	Other Current Liab	Short Term Debt	Other Assets	Long Term Debt
Total Assets		0.35	0.46	0.32	-0.81	-0.65	1.0	-0.21	1.0	0.42	0.26	0.7	0.8	0.45	1.0	-0.4	0.59	0.39	0.35	0.86	-0.34	0.75	0.22	-0.17	0.28	0.88
Total Current Liabilities	0.35		-0.57	0.47	0.04	-0.54	0.34	-0.12	0.34	0.47	0.17	0.56	0.78	0.48	0.36	-0.29	0.14	0.42	0.68	0.07	-0.31	0.52	0.6	0.38	0.08	0.11
Total Stockholder Equity	0.46	-0.57		-0.32	-0.78	-0.1	0.47	-0.11	0.47	-0.22	0.0	0.17	-0.16	-0.17	0.46	-0.04	0.2	-0.12	-0.27	0.42	-0.17	0.0	-0.44	-0.42	-0.01	0.4
Property Plant And Equipment Net	0.32	0.47	-0.32		0.16	-0.45	0.35	-0.23	0.35	0.62	0.66	0.3	0.54	0.95	0.31	-0.57	-0.13	0.42	0.17	0.31	0.47	0.54	0.04	0.02	0.82	0.37
Net Debt	-0.81	0.04	-0.78	0.16		0.42	-0.79	0.27	-0.79	-0.08	-0.06	-0.52	-0.38	-0.02	-0.82	0.27	-0.54	-0.27	-0.1	-0.66	0.38	-0.29	-0.11	0.38	-0.02	-0.64
Retained Earnings	-0.65	-0.54	-0.1	-0.45	0.42		-0.61	0.31	-0.62	-0.72	-0.66	-0.9	-0.63	-0.57	-0.64	0.48	-0.23	-0.34	-0.42	-0.36	0.36	-0.46	-0.23	0.01	-0.18	-0.39
Cash	1.0	0.34	0.47	0.35	-0.79	-0.61		-0.21	1.0	0.39	0.25	0.67	0.8	0.48	1.0	-0.42	0.56	0.4	0.32	0.87	-0.3	0.77	0.19	-0.17	0.33	0.89
Non Current Assets Total	-0.21	-0.12	-0.11	-0.23	0.27	0.31	-0.21		-0.22	-0.22	-0.26	-0.26	-0.15	-0.24	-0.24	0.91	-0.1	-0.84	-0.3	-0.09	-0.2	0.26	-0.07	0.78	-0.3	-0.1
Cash And Short Term Investments	1.0	0.34	0.47	0.35	-0.79	-0.62	1.0	-0.22		0.4	0.27	0.67	0.79	0.49	1.0	-0.42	0.56	0.4	0.32	0.87	-0.29	0.77	0.19	-0.18	0.34	0.89
Common Stock Total Equity	0.42	0.47	-0.22	0.62	-0.08	-0.72	0.39	-0.22	0.4		0.79	0.45	0.57	0.71	0.41	-0.44	0.35	0.39	0.42	0.35	0.09	0.43	0.3	-0.05	0.46	0.39
Common Stock Shares Outstanding	0.26	0.17	0.0	0.66	-0.06	-0.66	0.25	-0.26	0.27	0.79		0.39	0.24	0.78	0.25	-0.46	-0.1	0.27	-0.08	0.18	0.37	0.24	0.01	-0.09	0.65	0.22
Other Stockholder Equity	0.7	0.56	0.17	0.3	-0.52	-0.9	0.67	-0.26	0.67	0.45	0.39		0.67	0.4	0.71	-0.41	0.31	0.31	0.45	0.41	-0.51	0.49	0.24	-0.01	0.02	0.42
Total Liab	0.8	0.78	-0.16	0.54	-0.38	-0.63	0.8	-0.15	0.79	0.57	0.24	0.67		0.59	0.8	-0.41	0.53	0.51	0.58	0.68	-0.29	0.84	0.55	0.1	0.3	0.7
Property Plant And Equipment Gross	0.45	0.48	-0.17	0.95	-0.02	-0.57	0.48	-0.24	0.49	0.71	0.78	0.4	0.59		0.45	-0.57	-0.05	0.41	0.19	0.37	0.41	0.59	0.05	0.03	0.83	0.43
Total Current Assets	1.0	0.36	0.46	0.31	-0.82	-0.64	1.0	-0.24	1.0	0.41	0.25	0.71	0.8	0.45		-0.43	0.59	0.42	0.36	0.86	-0.34	0.73	0.23	-0.2	0.28	0.87
Intangible Assets	-0.4	-0.29	-0.04	-0.57	0.27	0.48	-0.42	0.91	-0.42	-0.44	-0.46	-0.41	-0.41	-0.57	-0.43		-0.14	-0.88	-0.34	-0.31	-0.29	-0.07	-0.1	0.67	-0.58	-0.33
Common Stock	0.59	0.14	0.2	-0.13	-0.54	-0.23	0.56	-0.1	0.56	0.35	-0.1	0.31	0.53	-0.05	0.59	-0.14		0.31	0.48	0.68	-0.3	0.34	0.41	-0.34	-0.07	0.66
Non Currrent Assets Other	0.39	0.42	-0.12	0.42	-0.27	-0.34	0.4	-0.84	0.4	0.39	0.27	0.31	0.51	0.41	0.42	-0.88	0.31		0.37	0.32	0.2	0.08	0.48	-0.61	0.43	0.33
Accounts Payable	0.35	0.68	-0.27	0.17	-0.1	-0.42	0.32	-0.3	0.32	0.42	-0.08	0.45	0.58	0.19	0.36	-0.34	0.48	0.37		0.12	-0.41	0.26	0.23	-0.04	-0.15	0.14
Non Current Liabilities Total	0.86	0.07	0.42	0.31	-0.66	-0.36	0.87	-0.09	0.87	0.35	0.18	0.41	0.68	0.37	0.86	-0.31	0.68	0.32	0.12		-0.1	0.72	0.17	-0.29	0.38	1.0
Other Current Assets	-0.34	-0.31	-0.17	0.47	0.38	0.36	-0.3	-0.2	-0.29	0.09	0.37	-0.51	-0.29	0.41	-0.34	-0.29	-0.3	0.2	-0.41	-0.1		-0.23	-0.23	-0.31	0.74	-0.09
Short Long Term Debt Total	0.75	0.52	0.0	0.54	-0.29	-0.46	0.77	0.26	0.77	0.43	0.24	0.49	0.84	0.59	0.73	-0.07	0.34	0.08	0.26	0.72	-0.23		0.24	0.36	0.36	0.75
Other Current Liab	0.22	0.6	-0.44	0.04	-0.11	-0.23	0.19	-0.07	0.19	0.3	0.01	0.24	0.55	0.05	0.23	-0.1	0.41	0.48	0.23	0.17	-0.23	0.24		0.14	-0.1	0.16
Short Term Debt	-0.17	0.38	-0.42	0.02	0.38	0.01	-0.17	0.78	-0.18	-0.05	-0.09	-0.01	0.1	0.03	-0.2	0.67	-0.34	-0.61	-0.04	-0.29	-0.31	0.36	0.14		-0.24	-0.27
Other Assets	0.28	0.08	-0.01	0.82	-0.02	-0.18	0.33	-0.3	0.34	0.46	0.65	0.02	0.3	0.83	0.28	-0.58	-0.07	0.43	-0.15	0.38	0.74	0.36	-0.1	-0.24		0.42
Long Term Debt	0.88	0.11	0.4	0.37	-0.64	-0.39	0.89	-0.1	0.89	0.39	0.22	0.42	0.7	0.43	0.87	-0.33	0.66	0.33	0.14	1.0	-0.09	0.75	0.16	-0.27	0.42

Click cells to compare fundamentals

Soligenix Account Relationship Matchups

Soligenix fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	7.8M	19.9M	26.9M	14.3M	9.8M	10.0M
Total Current Liabilities	6.3M	6.1M	6.3M	16.5M	6.2M	3.9M
Total Stockholder Equity	1.5M	3.7M	10.7M	(2.5M)	2.5M	3.4M
Property Plant And Equipment Net	161.5K	251.5K	128.4K	359.5K	241.8K	253.8K
Net Debt	(5.3M)	(8.2M)	(16.1M)	(3.1M)	(5.0M)	(5.2M)
Retained Earnings	(175.5M)	(193.2M)	(205.8M)	(219.6M)	(225.7M)	(214.4M)
Cash	5.4M	18.7M	26.0M	13.4M	8.4M	7.9M
Non Current Assets Total	282.0K	424.2K	300.4K	426.6K	290.0K	275.5K
Cash And Short Term Investments	5.4M	18.7M	26.0M	13.4M	8.4M	8.4M
Common Stock Total Equity	8.7K	17.7K	21.8K	30.6K	35.2K	50.0K
Common Stock Shares Outstanding	1.3M	1.8M	2.7M	2.9M	7.8M	8.1M
Liabilities And Stockholders Equity	7.8M	19.9M	26.9M	14.3M	9.8M	10.0M
Other Stockholder Equity	177.0M	196.9M	216.4M	217.1M	228.2M	127.1M
Total Liab	6.3M	16.1M	16.1M	16.8M	7.3M	5.2M
Property Plant And Equipment Gross	161.5K	251.5K	296.2K	474.2K	363.1K	381.2K
Total Current Assets	7.5M	19.5M	26.6M	13.9M	9.5M	9.1M
Intangible Assets	46.9K	19.7K	23.3K	7.8K	7.0K	6.6K
Common Stock	21.8K	30.6K	42.9K	2.9K	10.4K	10.9K
Non Currrent Assets Other	100.8K	172.7K	172.0K	43.0K	22.8K	21.6K
Accumulated Other Comprehensive Income	(45.0K)	(24.3K)	41.9K	24.7K	22.2K	23.4K
Accounts Payable	2.7M	2.1M	2.9M	3.9M	1.1M	1.8M
Non Current Liabilities Total	6.1K	10.1M	9.9M	233.7K	1.1M	1.1M
Other Current Assets	609.7K	225.5K	282.9K	274.2K	866.0K	909.3K
Other Current Liab	3.5M	3.5M	3.3M	2.6M	2.7M	1.9M
Other Assets	82.5K	62.1K	149.4K	172.0K	197.8K	207.7K
Property Plant Equipment	19.6K	161.5K	251.5K	128.4K	115.5K	75.0K
Net Receivables	1.5M	564.9K	242.7K	219.3K	195.1K	185.4K
Retained Earnings Total Equity	(157.3M)	(166.2M)	(175.5M)	(193.2M)	(173.9M)	(182.6M)
Deferred Long Term Liab	59.8K	39.3K	53.5K	20.3K	23.3K	17.3K
Net Tangible Assets	6.2M	1.4M	3.7M	10.7M	12.3M	12.9M
Capital Surpluse	163.6M	172.4M	177.0M	196.9M	226.5M	176.5M
Net Invested Capital	1.5M	14.0M	20.6M	7.4M	5.8M	9.7M
Net Working Capital	1.2M	13.4M	20.3M	(2.7M)	3.4M	5.5M
Capital Stock	21.8K	30.6K	42.9K	2.9K	10.4K	16.8K

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 Soligenix 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, Soligenix's short interest history, or implied volatility extrapolated from Soligenix options trading.

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When determining whether Soligenix offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Soligenix'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 Soligenix Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Soligenix Stock:

How To Invest In Soligenix

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Is Soligenix Stock a good investment?

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What is Soligenix's Net Worth?

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Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Soligenix. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price.

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

Note that the Soligenix information on this page should be used as a complementary analysis to other Soligenix's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.

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When running Soligenix's price analysis, check to measure Soligenix'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 Soligenix is operating at the current time. Most of Soligenix's value examination focuses on studying past and present price action to predict the probability of Soligenix's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Soligenix's price. Additionally, you may evaluate how the addition of Soligenix to your portfolios can decrease your overall portfolio volatility.

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Is Soligenix'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 Soligenix. If investors know Soligenix 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 Soligenix listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Earnings Share

(0.79)

Revenue Per Share

0.108

Quarterly Revenue Growth

(0.33)

Return On Assets

(0.40)

Return On Equity

(237.84)

The market value of Soligenix is measured differently than its book value, which is the value of Soligenix that is recorded on the company's balance sheet. Investors also form their own opinion of Soligenix's value that differs from its market value or its book value, called intrinsic value, which is Soligenix'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 Soligenix's market value can be influenced by many factors that don't directly affect Soligenix'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 Soligenix's value and its price as these two are different measures arrived at by different means. Investors typically determine if Soligenix is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Soligenix'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.

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Soligenix Net Interest Income vs Tax Provision Analysis

Net Interest Income vs Tax Provision

Net Interest Income vs Tax Provision Correlation Analysis

Correlation Coefficient

Net Interest Income

Tax Provision

Soligenix fundamental ratios Correlations

Soligenix Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Soligenix fundamental ratios Accounts

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COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash	+ 1.0	Total Assets
Cash And Short Term Investments	+ 1.0	Total Assets
Total Current Assets	+ 1.0	Total Assets
Cash And Short Term Investments	+ 1.0	Cash
Total Current Assets	+ 1.0	Cash
Total Current Assets	+ 1.0	Cash And Short Term Investments

Other Stockholder Equity	- 0.9	Retained Earnings
Non Currrent Assets Other	- 0.88	Intangible Assets
Non Currrent Assets Other	- 0.84	Non Current Assets Total
Total Current Assets	- 0.82	Net Debt
Net Debt	- 0.81	Total Assets
Cash And Short Term Investments	- 0.79	Net Debt