IDEXX Story

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IDXX -- USA Stock  

USD 385.06  1.31  0.34%

IDEXX Laboratories is currently generating 0.5266% in daily expected returns and assumes 2.0985% risk (volatility on return distribution) over the 60 days horizon. Since many greedy investors are excited about healthcare space, let's break down IDEXX Laboratories against its current volatility. We will inspect why it could be a different year for IDEXX Laboratories shareholders.
Published over a month ago
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Is IDEXX Laboratories (NASDAQ:IDXX) a good hedge for your existing portfolios?
IDEXX Laboratories currently holds roughly 81.39 M in cash with 452.65 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.96.
Volatility is a rate at which the price of IDEXX Laboratories or any other equity instrument increases or decreases for a given set of returns. It is measured by calculating the standard deviation of the annualized returns over a given period of time and shows the range to which the price of IDEXX Laboratories may increase or decrease. In other words, similar to IDEXX's beta indicator, it measures the risk of IDEXX Laboratories and helps estimate the fluctuations that may happen in a short period of time. So if prices of IDEXX Laboratories fluctuate rapidly in a short time span, it is termed to have high volatility, and if it swings slowly in a more extended period, it is understood to have low volatility. Please read more on our technical analysis page.

How important is IDEXX Laboratories's Liquidity

IDEXX Laboratories financial leverage refers to using borrowed capital as a funding source to finance IDEXX Laboratories ongoing operations. It is usually used to expand the firm's asset base and generate returns on borrowed capital. IDEXX Laboratories financial leverage is typically calculated by taking the company's all interest-bearing debt and dividing it by total capital. So the higher the debt-to-capital ratio (i.e., financial leverage), the riskier the company. Please check the breakdown between IDEXX Laboratories's total debt and its cash.

How IDEXX utilizes its cash?

To perform a cash flow analysis of IDEXX Laboratories, investors first need to understand how to read the cash flow statement. A cash flow statement shows the amount of cash IDEXX Laboratories is receiving and how much cash it distributes out in a given period. The IDEXX Laboratories cash flow statement breaks down these inflows and outflows into different buckets, including operating activities, investing activities, and financing activities. IDEXX Laboratories Net Cash Flow from Operations is fairly stable at the moment as compared to the past year. IDEXX Laboratories reported Net Cash Flow from Operations of 459.16 Million in 2019

IDEXX Laboratories Volatility Drivers

IDEXX Laboratories unsystematic risk is unique to IDEXX Laboratories and usually not directly affected by the market or economic environment. An example of unsystematic risk is the possibility of poor earnings or a layoff due to coronavirus. One may mitigate nonsystematic risk by buying different securities in the same industry or by buying in different sectors. For example, if you have a position in IDEXX Laboratories you can also buy Agilent. You can also mitigate this risk by investing in the diagnostics & research sector as well as in companies having nothing to do with it. This type of risk is also called diversifiable risk and can be understood from analyzing IDEXX Laboratories important indicators over time. Here we run a correlation analysis between relevant fundamental ratios over at least ten year period to find a relationship in the way they react to changes in IDEXX Laboratories income statement and balance sheet. Here are more details about IDEXX volatility.
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