Avinger Cash vs Total Liab Analysis

AVGR Stock

USD 2.15 0.09 4.37%

Avinger financial indicator trend analysis is way more than just evaluating Avinger prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Avinger is a good investment. Please check the relationship between Avinger Cash and its Total Liab accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Avinger. 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.

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

Cash vs Total Liab

Cash vs Total Liab Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Avinger Cash account and Total Liab. At this time, the significance of the direction appears to have no relationship.

The correlation between Avinger's Cash and Total Liab is 0.0. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Total Liab in the same time period over historical financial statements of Avinger, assuming nothing else is changed. The correlation between historical values of Avinger's Cash 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 Cash of Avinger 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 Cash i.e., Avinger's Cash and Total Liab go up and down completely randomly.

Correlation Coefficient

0.0

Relationship Direction	Flat
Relationship Strength	Insignificant

View All Relationships

Cash

Cash refers to the most liquid asset of Avinger, which is listed under current asset account on Avinger balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Avinger customers. The amounts must be unrestricted with restricted cash listed in a different Avinger account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.

Total Liab

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

Most indicators from Avinger's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Avinger 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 Avinger. 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.

To learn how to invest in Avinger Stock, please use our How to Invest in Avinger guide.As of 05/31/2024, Selling General Administrative is likely to grow to about 16.9 M, while Issuance Of Capital Stock is likely to drop slightly above 4.9 M.

	2021	2022	2023	2024 (projected)
Total Operating Expenses	21.5M	18.6M	18.6M	24.7M
Cost Of Revenue	6.7M	5.6M	5.6M	6.0M

Total Operating Expenses Cost Of Revenue

Avinger fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Property Plant And Equipment Net	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	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Property Plant Equipment	Short Long Term Debt Total	Long Term Debt
Total Assets		0.46	-0.49	0.22	0.14	0.25	-0.44	0.3	0.45	0.96	0.16	-0.2	-0.02	0.96	0.76	-0.39	0.11	0.53	0.03	-0.18	0.01	-0.06	0.99	0.25	0.31	0.62
Other Current Liab	0.46		0.14	-0.03	-0.22	-0.33	0.22	0.14	0.38	0.43	-0.06	0.51	0.1	0.43	0.63	-0.34	0.09	0.4	0.11	-0.13	0.13	-0.21	0.47	0.02	0.29	0.21
Total Current Liabilities	-0.49	0.14		0.21	-0.13	-0.31	0.68	-0.42	-0.09	-0.48	-0.27	0.01	-0.09	-0.48	-0.28	0.15	-0.51	0.02	-0.15	0.4	-0.33	-0.05	-0.46	-0.25	0.15	-0.68
Total Stockholder Equity	0.22	-0.03	0.21		0.25	-0.05	-0.14	-0.75	-0.16	0.23	-0.37	-0.41	-0.15	0.23	0.02	0.36	-0.93	0.33	-0.67	0.85	-0.97	-0.06	0.27	-0.49	-0.51	-0.49
Other Liab	0.14	-0.22	-0.13	0.25		0.2	-0.1	-0.23	-0.39	0.14	0.12	-0.15	0.73	0.14	-0.03	0.11	-0.18	-0.08	-0.3	0.25	-0.23	0.19	0.12	-0.53	-0.2	-0.2
Property Plant And Equipment Net	0.25	-0.33	-0.31	-0.05	0.2		-0.12	0.24	-0.05	0.16	0.82	-0.23	0.15	0.16	0.26	-0.45	0.17	-0.02	0.02	-0.16	0.11	0.54	0.14	0.08	0.17	0.23
Net Debt	-0.44	0.22	0.68	-0.14	-0.1	-0.12		-0.34	-0.16	-0.55	0.06	0.24	0.12	-0.55	0.08	0.19	-0.12	0.27	-0.02	0.22	0.03	0.05	-0.46	-0.06	0.2	-0.4
Retained Earnings	0.3	0.14	-0.42	-0.75	-0.23	0.24	-0.34		0.47	0.35	0.38	0.12	-0.05	0.35	0.18	-0.7	0.87	-0.25	0.77	-0.95	0.85	0.11	0.26	0.64	0.66	0.77
Accounts Payable	0.45	0.38	-0.09	-0.16	-0.39	-0.05	-0.16	0.47		0.46	-0.04	-0.02	-0.32	0.46	0.46	-0.47	0.28	0.28	0.44	-0.38	0.28	-0.39	0.47	0.65	0.61	0.49
Cash	0.96	0.43	-0.48	0.23	0.14	0.16	-0.55	0.35	0.46		0.12	-0.17	-0.01	1.0	0.63	-0.47	0.11	0.39	0.05	-0.18	0.0	-0.11	0.97	0.23	0.26	0.57
Non Current Assets Total	0.16	-0.06	-0.27	-0.37	0.12	0.82	0.06	0.38	-0.04	0.12		0.26	0.45	0.12	0.34	-0.63	0.46	-0.12	0.02	-0.3	0.43	0.4	0.04	0.04	0.24	0.22
Non Currrent Assets Other	-0.2	0.51	0.01	-0.41	-0.15	-0.23	0.24	0.12	-0.02	-0.17	0.26		0.52	-0.17	0.1	-0.34	0.35	-0.3	-0.02	-0.16	0.38	-0.28	-0.23	-0.26	-0.15	-0.11
Other Assets	-0.02	0.1	-0.09	-0.15	0.73	0.15	0.12	-0.05	-0.32	-0.01	0.45	0.52		-0.01	0.1	-0.19	0.16	-0.26	-0.29	0.05	0.15	0.05	-0.07	-0.57	-0.14	-0.21
Cash And Short Term Investments	0.96	0.43	-0.48	0.23	0.14	0.16	-0.55	0.35	0.46	1.0	0.12	-0.17	-0.01		0.63	-0.47	0.11	0.39	0.05	-0.18	0.0	-0.11	0.97	0.23	0.26	0.57
Net Receivables	0.76	0.63	-0.28	0.02	-0.03	0.26	0.08	0.18	0.46	0.63	0.34	0.1	0.1	0.63		-0.33	0.21	0.77	0.08	-0.12	0.16	0.09	0.72	0.3	0.41	0.56
Common Stock Shares Outstanding	-0.39	-0.34	0.15	0.36	0.11	-0.45	0.19	-0.7	-0.47	-0.47	-0.63	-0.34	-0.19	-0.47	-0.33		-0.48	0.21	-0.41	0.53	-0.49	-0.03	-0.33	-0.28	-0.49	-0.37
Non Current Liabilities Total	0.11	0.09	-0.51	-0.93	-0.18	0.17	-0.12	0.87	0.28	0.11	0.46	0.35	0.16	0.11	0.21	-0.48		-0.21	0.66	-0.91	0.98	0.06	0.06	0.56	0.51	0.73
Inventory	0.53	0.4	0.02	0.33	-0.08	-0.02	0.27	-0.25	0.28	0.39	-0.12	-0.3	-0.26	0.39	0.77	0.21	-0.21		-0.05	0.26	-0.23	0.09	0.55	0.31	0.26	0.3
Other Current Assets	0.03	0.11	-0.15	-0.67	-0.3	0.02	-0.02	0.77	0.44	0.05	0.02	-0.02	-0.29	0.05	0.08	-0.41	0.66	-0.05		-0.77	0.69	0.21	0.04	0.75	0.63	0.62
Other Stockholder Equity	-0.18	-0.13	0.4	0.85	0.25	-0.16	0.22	-0.95	-0.38	-0.18	-0.3	-0.16	0.05	-0.18	-0.12	0.53	-0.91	0.26	-0.77		-0.91	-0.06	-0.14	-0.61	-0.65	-0.76
Total Liab	0.01	0.13	-0.33	-0.97	-0.23	0.11	0.03	0.85	0.28	0.0	0.43	0.38	0.15	0.0	0.16	-0.49	0.98	-0.23	0.69	-0.91		0.06	-0.05	0.56	0.59	0.64
Property Plant And Equipment Gross	-0.06	-0.21	-0.05	-0.06	0.19	0.54	0.05	0.11	-0.39	-0.11	0.4	-0.28	0.05	-0.11	0.09	-0.03	0.06	0.09	0.21	-0.06	0.06		-0.11	-0.04	0.1	0.14
Total Current Assets	0.99	0.47	-0.46	0.27	0.12	0.14	-0.46	0.26	0.47	0.97	0.04	-0.23	-0.07	0.97	0.72	-0.33	0.06	0.55	0.04	-0.14	-0.05	-0.11		0.26	0.28	0.6
Property Plant Equipment	0.25	0.02	-0.25	-0.49	-0.53	0.08	-0.06	0.64	0.65	0.23	0.04	-0.26	-0.57	0.23	0.3	-0.28	0.56	0.31	0.75	-0.61	0.56	-0.04	0.26		0.68	0.74
Short Long Term Debt Total	0.31	0.29	0.15	-0.51	-0.2	0.17	0.2	0.66	0.61	0.26	0.24	-0.15	-0.14	0.26	0.41	-0.49	0.51	0.26	0.63	-0.65	0.59	0.1	0.28	0.68		0.56
Long Term Debt	0.62	0.21	-0.68	-0.49	-0.2	0.23	-0.4	0.77	0.49	0.57	0.22	-0.11	-0.21	0.57	0.56	-0.37	0.73	0.3	0.62	-0.76	0.64	0.14	0.6	0.74	0.56

Click cells to compare fundamentals

Avinger Account Relationship Matchups

Avinger fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	23.8M	33.2M	29.5M	24.2M	13.8M	23.4M
Other Current Liab	2.4M	2.3M	2.2M	1.9M	3.0M	3.0M
Total Current Liabilities	12.8M	7.5M	4.7M	17.9M	19.3M	14.3M
Total Stockholder Equity	6.9M	13.1M	9.7M	4.1M	(6.2M)	(6.5M)
Other Liab	7K	9.4M	575K	1.0M	1.2M	1.5M
Property Plant And Equipment Net	6.5M	4.8M	3.3M	2.9M	1.6M	2.9M
Net Debt	2.9M	(5.1M)	(4.0M)	1.8M	10.1M	10.6M
Retained Earnings	(348.3M)	(367.3M)	(384.8M)	(402.4M)	(420.7M)	(441.7M)
Accounts Payable	663K	694K	1.4M	631K	777K	837.3K
Cash	10.9M	22.2M	19.5M	14.6M	5.3M	5.0M
Non Current Assets Total	7.2M	5.3M	3.7M	3.2M	1.6M	1.5M
Non Currrent Assets Other	684K	510K	421K	312K	19.0K	18.0K
Cash And Short Term Investments	10.9M	22.2M	19.5M	14.6M	5.3M	5.0M
Net Receivables	1.5M	1.5M	1.4M	1.1M	1.0M	1.3M
Common Stock Shares Outstanding	24.1K	164.1K	314.8K	416.6K	786K	825.3K
Liabilities And Stockholders Equity	23.8M	33.2M	29.5M	24.2M	13.8M	23.4M
Non Current Liabilities Total	4.1M	12.7M	15.1M	2.1M	672K	638.4K
Inventory	3.9M	3.9M	4.6M	5.0M	5.3M	5.2M
Other Current Assets	311K	350K	300K	362K	575K	448.1K
Other Stockholder Equity	355.2M	380.3M	394.4M	406.5M	414.5M	275.0M
Total Liab	16.9M	20.1M	19.8M	20.0M	20.0M	19.0M
Property Plant And Equipment Gross	6.5M	4.8M	95K	2.9M	5.7M	2.9M
Total Current Assets	16.6M	27.9M	25.8M	21.0M	12.2M	20.1M
Property Plant Equipment	1.7M	727K	3.3M	2.9M	2.6M	2.4M
Short Long Term Debt Total	13.8M	17.1M	15.5M	16.4M	15.4M	19.2M
Net Tangible Assets	6.9M	13.1M	9.7M	4.1M	4.8M	5.0M
Short Long Term Debt	7.5M	9.0M	3.6M	14.2M	14.3M	14.8M
Short Term Debt	9.7M	4.4M	985K	15.3M	15.4M	13.7M
Common Stock	34K	10K	85K	96K	8K	1.1K
Common Stock Total Equity	34K	10K	85K	96K	110.4K	115.9K
Retained Earnings Total Equity	(328.9M)	(348.3M)	(367.3M)	(384.8M)	(346.3M)	(363.6M)
Capital Surpluse	338.3M	355.2M	380.3M	394.4M	453.5M	346.1M
Non Current Liabilities Other	41K	4.1M	2.8M	1.0M	672K	638.4K
Net Invested Capital	15.9M	26.1M	22.0M	18.3M	8.1M	7.7M
Net Working Capital	3.8M	20.4M	21.1M	3.0M	(7.1M)	(6.8M)

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.

Try AI Portfolio Architect

When determining whether Avinger is a strong investment it is important to analyze Avinger's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Avinger's future performance. For an informed investment choice regarding Avinger Stock, refer to the following important reports:

How To Invest In Avinger

Details

Is Avinger Stock a good investment?

Details

What is Avinger's Net Worth?

Details

Largest Health Care Equipment & Supplies Companies

View

Largest Health Care Equipment & Services Companies

View

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Avinger. 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.

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

Note that the Avinger information on this page should be used as a complementary analysis to other Avinger'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 ETFs module to find actively traded Exchange Traded Funds (ETF) from around the world.

Complementary Tools for Avinger Stock analysis

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

	Sign In To Macroaxis Sign in to explore Macroaxis' wealth optimization platform and fintech modules
	Portfolio Anywhere Track or share privately all of your investments from the convenience of any device
	Aroon Oscillator Analyze current equity momentum using Aroon Oscillator and other momentum ratios
	Premium Stories Follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope
	Portfolio Analyzer Portfolio analysis module that provides access to portfolio diagnostics and optimization engine
	Bonds Directory Find actively traded corporate debentures issued by US companies
	Top Crypto Exchanges Search and analyze digital assets across top global cryptocurrency exchanges
	Portfolio Volatility Check portfolio volatility and analyze historical return density to properly model market risk
	Companies Directory Evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals
	Global Correlations Find global opportunities by holding instruments from different markets

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

Earnings Share

(13.18)

Revenue Per Share

4.805

Quarterly Revenue Growth

(0.01)

Return On Assets

(0.58)

Return On Equity

(9.73)

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

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC

Avinger Cash vs Total Liab Analysis

Cash vs Total Liab

Cash vs Total Liab Correlation Analysis

Correlation Coefficient

Cash

Total Liab

Avinger fundamental ratios Correlations

Avinger Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Avinger fundamental ratios Accounts

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

Complementary Tools for Avinger Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 1.0	Cash
Total Current Assets	+ 0.99	Total Assets
Total Liab	+ 0.98	Non Current Liabilities Total
Total Current Assets	+ 0.97	Cash
Total Current Assets	+ 0.97	Cash And Short Term Investments
Cash	+ 0.96	Total Assets

Total Liab	- 0.97	Total Stockholder Equity
Other Stockholder Equity	- 0.95	Retained Earnings
Non Current Liabilities Total	- 0.93	Total Stockholder Equity
Total Liab	- 0.91	Other Stockholder Equity
Other Stockholder Equity	- 0.91	Non Current Liabilities Total
Other Stockholder Equity	- 0.77	Other Current Assets