BiocardiaInc Accounts Payable vs Cash Analysis
BCDA Stock | USD 0.40 0.0001 0.03% |
BiocardiaInc financial indicator trend analysis is way more than just evaluating BiocardiaInc prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether BiocardiaInc is a good investment. Please check the relationship between BiocardiaInc Accounts Payable and its Cash accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in BiocardiaInc. 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 information on how to trade BiocardiaInc Stock refer to our How to Trade BiocardiaInc Stock guide.
Accounts Payable vs Cash
Accounts Payable vs Cash Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of BiocardiaInc Accounts Payable account and Cash. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between BiocardiaInc's Accounts Payable and Cash is -0.32. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Cash in the same time period over historical financial statements of BiocardiaInc, assuming nothing else is changed. The correlation between historical values of BiocardiaInc's Accounts Payable and Cash is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Accounts Payable of BiocardiaInc are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Accounts Payable i.e., BiocardiaInc's Accounts Payable and Cash go up and down completely randomly.
Correlation Coefficient | -0.32 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Accounts Payable
An accounting item on the balance sheet that represents BiocardiaInc obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of BiocardiaInc are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.Cash
Cash refers to the most liquid asset of BiocardiaInc, which is listed under current asset account on BiocardiaInc balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from BiocardiaInc customers. The amounts must be unrestricted with restricted cash listed in a different BiocardiaInc 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.Most indicators from BiocardiaInc's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into BiocardiaInc 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 BiocardiaInc. 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 information on how to trade BiocardiaInc Stock refer to our How to Trade BiocardiaInc Stock guide.At present, BiocardiaInc's Issuance Of Capital Stock is projected to increase significantly based on the last few years of reporting. The current year's Sales General And Administrative To Revenue is expected to grow to 12.57, whereas Selling General Administrative is forecasted to decline to about 3.3 M.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 9K | 6K | 6.9K | 6.6K | Depreciation And Amortization | 67K | 82K | 411K | 242.0K |
BiocardiaInc fundamental ratios Correlations
Click cells to compare fundamentals
BiocardiaInc Account Relationship Matchups
High Positive Relationship
High Negative Relationship
BiocardiaInc fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 7.7M | 23.4M | 15.7M | 9.8M | 3.0M | 2.8M | |
Other Current Liab | 1.8M | 1.5M | 1.4M | 1.6M | 1.8M | 1.9M | |
Total Current Liabilities | 4.0M | 4.2M | 3.7M | 3.6M | 3.6M | 3.8M | |
Total Stockholder Equity | 2.4M | 19.2M | 10.4M | 4.9M | (1.6M) | (1.5M) | |
Property Plant And Equipment Net | 1.2M | 712K | 2.1M | 1.9M | 1.4M | 744.1K | |
Net Debt | (4.4M) | (20.8M) | (11.0M) | (5.7M) | 212K | 222.6K | |
Retained Earnings | (101.1M) | (116.1M) | (128.7M) | (140.6M) | (152.2M) | (144.6M) | |
Accounts Payable | 914K | 746K | 507K | 683K | 890K | 934.5K | |
Cash | 5.6M | 21.4M | 12.9M | 7.4M | 1.1M | 1.0M | |
Non Current Assets Total | 1.3M | 766K | 2.2M | 1.9M | 1.5M | 1.6M | |
Cash And Short Term Investments | 5.6M | 21.4M | 12.9M | 7.4M | 1.1M | 1.0M | |
Net Receivables | 274K | 147K | 850K | 201K | 63K | 59.9K | |
Common Stock Total Equity | 38K | 43K | 7K | 16K | 18.4K | 17.5K | |
Common Stock Shares Outstanding | 5.6M | 10.1M | 16.9M | 17.7M | 21.2M | 22.2M | |
Liabilities And Stockholders Equity | 7.7M | 23.4M | 15.7M | 9.8M | 3.0M | 2.8M | |
Non Current Liabilities Total | 1.3M | 2.7M | 1.6M | 1.3M | 982.0K | 630.9K | |
Other Current Assets | 642K | 1.3M | 462K | 501K | 295K | 452.9K | |
Other Stockholder Equity | 103.4M | 135.2M | 139.1M | 145.5M | 150.5M | 158.1M | |
Total Liab | 5.3M | 4.2M | 5.3M | 4.9M | 4.6M | 4.8M | |
Total Current Assets | 6.4M | 22.7M | 13.5M | 7.9M | 1.5M | 1.4M | |
Common Stock | 7K | 16K | 17K | 20K | 24K | 22.8K | |
Current Deferred Revenue | 732K | 1.4M | 1.5M | 965K | 561K | 732.7K | |
Inventory | 4K | (850K) | 1.0 | (201K) | (180.9K) | (171.9K) | |
Net Tangible Assets | 2.4M | 19.2M | 10.4M | 4.9M | 5.6M | 5.5M | |
Retained Earnings Total Equity | (72.5M) | (86.4M) | (101.1M) | (116.1M) | (104.5M) | (99.2M) | |
Capital Surpluse | 83.5M | 90.1M | 103.4M | 135.2M | 155.5M | 163.3M | |
Property Plant Equipment | 1.2M | 712K | 2.1M | 1.8M | 2.0M | 2.1M | |
Net Invested Capital | 2.4M | 19.2M | 10.4M | 4.9M | (1.6M) | (1.5M) | |
Net Working Capital | 2.4M | 18.4M | 9.8M | 4.3M | (2.1M) | (2.0M) | |
Capital Stock | 7K | 16K | 17K | 20K | 24K | 16.9K |
Pair Trading with BiocardiaInc
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 BiocardiaInc 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 BiocardiaInc will appreciate offsetting losses from the drop in the long position's value.Moving together with BiocardiaInc Stock
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The ability to find closely correlated positions to BiocardiaInc could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace BiocardiaInc 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 BiocardiaInc - 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 BiocardiaInc to buy it.
The correlation of BiocardiaInc 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 BiocardiaInc moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if BiocardiaInc 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 BiocardiaInc 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.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in BiocardiaInc. 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 information on how to trade BiocardiaInc Stock refer to our How to Trade BiocardiaInc Stock guide.Note that the BiocardiaInc information on this page should be used as a complementary analysis to other BiocardiaInc'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 Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.
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Is BiocardiaInc'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 BiocardiaInc. If investors know BiocardiaInc 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 BiocardiaInc listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.55) | Revenue Per Share 0.023 | Quarterly Revenue Growth (0.88) | Return On Assets (1.14) | Return On Equity (7.04) |
The market value of BiocardiaInc is measured differently than its book value, which is the value of BiocardiaInc that is recorded on the company's balance sheet. Investors also form their own opinion of BiocardiaInc's value that differs from its market value or its book value, called intrinsic value, which is BiocardiaInc'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 BiocardiaInc's market value can be influenced by many factors that don't directly affect BiocardiaInc'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 BiocardiaInc's value and its price as these two are different measures arrived at by different means. Investors typically determine if BiocardiaInc is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, BiocardiaInc'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.