Avinger Total Liab vs Other 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 Total Liab and its Other 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.
Total Liab vs Other Assets
Total Liab vs Other Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Avinger Total Liab account and Other Assets. At this time, the significance of the direction appears to have almost no relationship.
The correlation between Avinger's Total Liab and Other Assets is 0.15. Overlapping area represents the amount of variation of Total Liab that can explain the historical movement of Other 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 Total Liab and Other 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 Total Liab of Avinger are associated (or correlated) with its Other Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Assets has no effect on the direction of Total Liab i.e., Avinger's Total Liab and Other Assets go up and down completely randomly.
Correlation Coefficient | 0.15 |
Relationship Direction | Positive |
Relationship Strength | Insignificant |
Total Liab
The total amount of all liabilities that a company has, including both short-term and long-term liabilities.Other 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 |
Avinger fundamental ratios Correlations
Click cells to compare fundamentals
Avinger Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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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Try AI Portfolio ArchitectCheck 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 Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.
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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.