Avinger Other Current Liab vs Total Assets 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 Other Current Liab and its Total Assets 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.

Other Current Liab vs Total Assets

Other Current Liab vs Total Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Avinger Other Current Liab account and Total Assets. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Avinger's Other Current Liab and Total Assets is 0.46. Overlapping area represents the amount of variation of Other Current Liab that can explain the historical movement of Total Assets in the same time period over historical financial statements of Avinger, assuming nothing else is changed. The correlation between historical values of Avinger's Other Current Liab and Total Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Current Liab of Avinger are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Other Current Liab i.e., Avinger's Other Current Liab and Total Assets go up and down completely randomly.

Correlation Coefficient

0.46

Relationship Direction	Positive
Relationship Strength	Weak

View All Relationships

Other Current Liab

Total Assets

Total assets refers to the total amount of Avinger assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Avinger books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

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

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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)

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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

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Is Avinger Stock a good investment?

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What is Avinger's Net Worth?

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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 Money Managers module to screen money managers from public funds and ETFs managed around the world.

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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.

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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.

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Avinger Other Current Liab vs Total Assets Analysis

Other Current Liab vs Total Assets

Other Current Liab vs Total Assets Correlation Analysis

Correlation Coefficient

Other Current Liab

Total Assets

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