Ardelyx Non Current Liabilities Total vs Total Liab Analysis

ARDX Stock

USD 7.79 0.23 2.87%

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

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

Non Current Liabilities Total vs Total Liab

Non Current Liabilities Total vs Total Liab Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Ardelyx Non Current Liabilities Total account and Total Liab. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Ardelyx's Non Current Liabilities Total and Total Liab is 0.85. Overlapping area represents the amount of variation of Non Current Liabilities Total that can explain the historical movement of Total Liab in the same time period over historical financial statements of Ardelyx, assuming nothing else is changed. The correlation between historical values of Ardelyx's Non Current Liabilities Total and Total Liab 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 Ardelyx are associated (or correlated) with its Total Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Liab has no effect on the direction of Non Current Liabilities Total i.e., Ardelyx's Non Current Liabilities Total and Total Liab go up and down completely randomly.

Correlation Coefficient

0.85

Relationship Direction	Positive
Relationship Strength	Strong

View All Relationships

Non Current Liabilities Total

Total Liab

The total amount of all liabilities that a company has, including both short-term and long-term liabilities.

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

For more information on how to buy Ardelyx Stock please use our How to Invest in Ardelyx guide.At this time, Ardelyx's Selling General Administrative is fairly stable compared to the past year. Tax Provision is likely to rise to about 574.4 K in 2024, whereas Issuance Of Capital Stock is likely to drop slightly above 99.1 M in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	9.1M	48.0M	106.7M	112.0M
Total Revenue	10.1M	52.2M	124.5M	130.7M

Gross Profit Total Revenue

Ardelyx fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Property Plant Equipment	Net Tangible Assets	Common Stock Total Equity
Total Assets		0.72	0.45	0.93	-0.53	0.63	-0.58	0.05	-0.74	0.51	0.4	0.59	0.48	0.48	0.94	0.4	0.66	0.42	0.48	0.87	0.54	0.65	0.99	0.24	0.68	0.67
Other Current Liab	0.72		0.64	0.62	-0.26	0.59	-0.27	0.45	-0.86	0.39	-0.11	0.92	0.85	0.84	0.55	0.72	0.93	0.44	0.48	0.77	0.73	0.78	0.66	0.07	0.31	0.92
Total Current Liabilities	0.45	0.64		0.22	-0.02	0.69	0.04	0.38	-0.83	0.29	-0.06	0.66	0.55	0.65	0.22	0.19	0.72	0.11	0.62	0.8	0.6	0.38	0.35	0.18	-0.02	0.78
Total Stockholder Equity	0.93	0.62	0.22		-0.72	0.63	-0.76	-0.16	-0.54	0.49	0.49	0.41	0.29	0.27	0.96	0.38	0.47	0.18	0.4	0.72	0.26	0.61	0.95	0.38	0.86	0.46
Other Liab	-0.53	-0.26	-0.02	-0.72		-0.59	0.96	0.17	0.29	-0.43	-0.4	-0.05	0.09	0.12	-0.65	-0.1	-0.15	0.2	-0.49	-0.45	0.12	-0.46	-0.59	-0.63	-0.76	-0.13
Property Plant And Equipment Net	0.63	0.59	0.69	0.63	-0.59		-0.54	0.0	-0.7	0.42	0.31	0.44	0.24	0.3	0.57	0.16	0.52	-0.15	0.79	0.78	0.26	0.64	0.6	0.76	0.48	0.57
Current Deferred Revenue	-0.58	-0.27	0.04	-0.76	0.96	-0.54		0.13	0.27	-0.5	-0.34	-0.07	0.05	0.1	-0.68	-0.22	-0.16	0.13	-0.47	-0.45	0.11	-0.51	-0.64	-0.62	-0.76	-0.13
Net Debt	0.05	0.45	0.38	-0.16	0.17	0.0	0.13		-0.48	0.2	-0.83	0.62	0.67	0.61	-0.15	0.53	0.62	0.53	0.26	0.25	0.65	0.47	-0.03	-0.18	-0.41	0.56
Retained Earnings	-0.74	-0.86	-0.83	-0.54	0.29	-0.7	0.27	-0.48		-0.44	-0.02	-0.84	-0.74	-0.77	-0.58	-0.44	-0.94	-0.49	-0.71	-0.93	-0.84	-0.72	-0.68	-0.17	-0.21	-0.95
Accounts Payable	0.51	0.39	0.29	0.49	-0.43	0.42	-0.5	0.2	-0.44		-0.01	0.38	0.32	0.34	0.42	0.41	0.41	0.12	0.24	0.51	0.24	0.34	0.48	0.25	0.3	0.38
Cash	0.4	-0.11	-0.06	0.49	-0.4	0.31	-0.34	-0.83	-0.02	-0.01		-0.28	-0.38	-0.32	0.57	-0.44	-0.2	-0.16	0.1	0.23	-0.2	-0.13	0.47	0.24	0.6	-0.13
Non Current Assets Total	0.59	0.92	0.66	0.41	-0.05	0.44	-0.07	0.62	-0.84	0.38	-0.28		0.98	0.97	0.36	0.8	0.97	0.58	0.38	0.68	0.85	0.72	0.5	-0.11	0.03	0.96
Non Currrent Assets Other	0.48	0.85	0.55	0.29	0.09	0.24	0.05	0.67	-0.74	0.32	-0.38	0.98		0.98	0.25	0.83	0.93	0.67	0.22	0.54	0.86	0.63	0.39	-0.29	-0.09	0.91
Other Assets	0.48	0.84	0.65	0.27	0.12	0.3	0.1	0.61	-0.77	0.34	-0.32	0.97	0.98		0.23	0.77	0.92	0.59	0.22	0.58	0.84	0.54	0.38	-0.3	-0.09	0.92
Cash And Short Term Investments	0.94	0.55	0.22	0.96	-0.65	0.57	-0.68	-0.15	-0.58	0.42	0.57	0.36	0.25	0.23		0.23	0.46	0.34	0.39	0.72	0.37	0.56	0.98	0.3	0.83	0.46
Net Receivables	0.4	0.72	0.19	0.38	-0.1	0.16	-0.22	0.53	-0.44	0.41	-0.44	0.8	0.83	0.77	0.23		0.69	0.42	0.06	0.31	0.49	0.64	0.33	-0.13	0.08	0.64
Common Stock Shares Outstanding	0.66	0.93	0.72	0.47	-0.15	0.52	-0.16	0.62	-0.94	0.41	-0.2	0.97	0.93	0.92	0.46	0.69		0.62	0.52	0.79	0.9	0.75	0.59	-0.04	0.09	0.99
Non Current Liabilities Total	0.42	0.44	0.11	0.18	0.2	-0.15	0.13	0.53	-0.49	0.12	-0.16	0.58	0.67	0.59	0.34	0.42	0.62		0.04	0.3	0.85	0.43	0.4	-0.47	-0.11	0.57
Other Current Assets	0.48	0.48	0.62	0.4	-0.49	0.79	-0.47	0.26	-0.71	0.24	0.1	0.38	0.22	0.22	0.39	0.06	0.52	0.04		0.73	0.36	0.68	0.45	0.67	0.14	0.53
Other Stockholder Equity	0.87	0.77	0.8	0.72	-0.45	0.78	-0.45	0.25	-0.93	0.51	0.23	0.68	0.54	0.58	0.72	0.31	0.79	0.3	0.73		0.64	0.65	0.82	0.32	0.43	0.81
Total Liab	0.54	0.73	0.6	0.26	0.12	0.26	0.11	0.65	-0.84	0.24	-0.2	0.85	0.86	0.84	0.37	0.49	0.9	0.85	0.36	0.64		0.58	0.48	-0.27	-0.09	0.89
Property Plant And Equipment Gross	0.65	0.78	0.38	0.61	-0.46	0.64	-0.51	0.47	-0.72	0.34	-0.13	0.72	0.63	0.54	0.56	0.64	0.75	0.43	0.68	0.65	0.58		0.63	0.45	0.3	0.72
Total Current Assets	0.99	0.66	0.35	0.95	-0.59	0.6	-0.64	-0.03	-0.68	0.48	0.47	0.5	0.39	0.38	0.98	0.33	0.59	0.4	0.45	0.82	0.48	0.63		0.27	0.75	0.59
Property Plant Equipment	0.24	0.07	0.18	0.38	-0.63	0.76	-0.62	-0.18	-0.17	0.25	0.24	-0.11	-0.29	-0.3	0.3	-0.13	-0.04	-0.47	0.67	0.32	-0.27	0.45	0.27		0.39	-0.01
Net Tangible Assets	0.68	0.31	-0.02	0.86	-0.76	0.48	-0.76	-0.41	-0.21	0.3	0.6	0.03	-0.09	-0.09	0.83	0.08	0.09	-0.11	0.14	0.43	-0.09	0.3	0.75	0.39		0.1
Common Stock Total Equity	0.67	0.92	0.78	0.46	-0.13	0.57	-0.13	0.56	-0.95	0.38	-0.13	0.96	0.91	0.92	0.46	0.64	0.99	0.57	0.53	0.81	0.89	0.72	0.59	-0.01	0.1

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Ardelyx Account Relationship Matchups

Ardelyx fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	259.8M	201.6M	149.9M	190.1M	297.6M	180.1M
Other Current Liab	11.7M	12.3M	12.8M	19.9M	27.6M	29.0M
Total Current Liabilities	22.2M	28.4M	57.5M	74.6M	50.4M	30.7M
Total Stockholder Equity	186.7M	126.1M	82.6M	98.3M	166.8M	116.4M
Other Liab	720K	582K	4.7M	20.3M	18.3M	10.1M
Property Plant And Equipment Net	7.4M	4.2M	15.1M	10.5M	6.6M	6.8M
Current Deferred Revenue	4.5M	4.2M	4.7M	13.2M	7.2M	7.0M
Net Debt	(126.4M)	(37.7M)	(26.9M)	(59.7M)	34.5M	36.2M
Retained Earnings	(460.5M)	(554.8M)	(712.9M)	(780.1M)	(846.2M)	(803.9M)
Accounts Payable	2.2M	5.6M	4.3M	10.9M	11.1M	7.7M
Cash	181.1M	91.0M	72.4M	96.1M	21.5M	20.4M
Non Current Assets Total	7.4M	6.3M	15.1M	35.6M	51.5M	54.0M
Non Currrent Assets Other	314K	552K	1.2M	25.1M	44.9M	47.1M
Other Assets	314K	552K	1.2M	25.9M	29.8M	31.3M
Cash And Short Term Investments	247.5M	186.5M	116.7M	123.9M	184.3M	150.6M
Net Receivables	750K	0.0	502K	7.7M	22.0M	23.1M
Common Stock Shares Outstanding	64.5M	89.6M	104.2M	158.7M	219.3M	230.3M
Liabilities And Stockholders Equity	259.8M	201.6M	149.9M	190.1M	297.6M	180.1M
Non Current Liabilities Total	50.9M	47.0M	9.7M	17.1M	80.4M	84.4M
Other Current Assets	4.1M	8.8M	17.6M	5.1M	8.4M	6.0M
Other Stockholder Equity	647.1M	680.9M	795.5M	878.5M	1.0B	510.9M
Total Liab	73.1M	75.5M	67.3M	91.7M	130.8M	137.3M
Property Plant And Equipment Gross	7.4M	4.2M	15.1M	1.2M	16.8M	17.6M
Total Current Assets	252.4M	195.2M	134.8M	154.5M	246.1M	166.5M
Accumulated Other Comprehensive Income	20K	(4K)	(6K)	(54K)	224K	235.2K
Property Plant Equipment	3.4M	1.9M	15.1M	1.2M	1.4M	1.3M
Net Tangible Assets	186.7M	126.1M	82.6M	98.3M	88.5M	98.8M
Long Term Debt	49.2M	48.8M	46.6M	49.8M	57.3M	60.2M
Retained Earnings Total Equity	(460.5M)	(554.8M)	(712.9M)	(780.1M)	(702.1M)	(667.0M)
Short Term Investments	66.4M	95.5M	44.3M	27.8M	162.8M	171.0M
Capital Surpluse	647.1M	680.9M	795.5M	878.5M	1.0B	568.4M
Non Current Liabilities Other	2.1M	413K	14.5M	17.1M	19.7M	20.7M
Short Term Debt	3.8M	6.3M	35.8M	30.6M	4.4M	4.2M
Net Invested Capital	236.7M	176.9M	114.9M	125.0M	216.6M	184.6M
Net Working Capital	229.8M	166.3M	80.8M	88M	195.7M	120.1M
Short Long Term Debt Total	54.7M	53.3M	45.5M	36.5M	56.0M	39.4M

Ardelyx Investors Sentiment

The influence of Ardelyx's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Ardelyx. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.

Investor biases related to Ardelyx's public news can be used to forecast risks associated with an investment in Ardelyx. The trend in average sentiment can be used to explain how an investor holding Ardelyx can time the market purely based on public headlines and social activities around Ardelyx. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.

Ardelyx's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Ardelyx's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Ardelyx's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Ardelyx.

Ardelyx Implied Volatility

162.22

Ardelyx's implied volatility exposes the market's sentiment of Ardelyx stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Ardelyx's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Ardelyx stock will not fluctuate a lot when Ardelyx's options are near their expiration.

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

Pair Trading with Ardelyx

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 Ardelyx 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 Ardelyx will appreciate offsetting losses from the drop in the long position's value.

Moving together with Ardelyx Stock

0.69

JNJ

Johnson Johnson Aggressive Push

Pair Corr

Moving against Ardelyx Stock

0.76	CI	Cigna Corp	Pair Corr
0.67	DXCM	DexCom Inc	Pair Corr
0.61	SERA	Sera Prognostics Downward Rally	Pair Corr
0.53	EDAP	EDAP TMS SA Earnings Call Tomorrow	Pair Corr

The ability to find closely correlated positions to Ardelyx could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ardelyx 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 Ardelyx - 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 Ardelyx to buy it.

The correlation of Ardelyx 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 Ardelyx moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ardelyx 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 Ardelyx 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 Ardelyx offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Ardelyx'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 Ardelyx Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Ardelyx Stock:

How To Invest In Ardelyx

Details

Is Ardelyx Stock a good investment?

Details

What is Ardelyx's Net Worth?

Details

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

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

Note that the Ardelyx information on this page should be used as a complementary analysis to other Ardelyx'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 Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .

Complementary Tools for Ardelyx Stock analysis

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

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

Earnings Share

(0.28)

Revenue Per Share

0.705

Quarterly Revenue Growth

3.048

Return On Assets

(0.14)

Return On Equity

(0.48)

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

Non Current Liabilities Total vs Total Liab

Non Current Liabilities Total vs Total Liab Correlation Analysis

Correlation Coefficient

Non Current Liabilities Total

Total Liab

Ardelyx fundamental ratios Correlations

Ardelyx Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Ardelyx fundamental ratios Accounts

Ardelyx Investors Sentiment

Ardelyx Implied Volatility

Pair Trading with Ardelyx

Moving together with Ardelyx Stock

Moving against Ardelyx Stock

Complementary Tools for Ardelyx Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Current Assets	+ 0.99	Total Assets
Common Stock Total Equity	+ 0.99	Common Stock Shares Outstanding
Non Currrent Assets Other	+ 0.98	Non Current Assets Total
Other Assets	+ 0.98	Non Currrent Assets Other
Total Current Assets	+ 0.98	Cash And Short Term Investments
Other Assets	+ 0.97	Non Current Assets Total

Common Stock Total Equity	- 0.95	Retained Earnings
Common Stock Shares Outstanding	- 0.94	Retained Earnings
Other Stockholder Equity	- 0.93	Retained Earnings
Retained Earnings	- 0.86	Other Current Liab
Total Liab	- 0.84	Retained Earnings
Non Current Assets Total	- 0.84	Retained Earnings