Biotricity Other Assets vs Net Tangible Assets Analysis

BTCY Stock

USD 0.93 0.06 6.90%

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

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

Other Assets vs Net Tangible Assets

Other Assets vs Net Tangible Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Biotricity Other Assets account and Net Tangible Assets. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Biotricity's Other Assets and Net Tangible Assets is -0.36. Overlapping area represents the amount of variation of Other Assets that can explain the historical movement of Net Tangible Assets in the same time period over historical financial statements of Biotricity, assuming nothing else is changed. The correlation between historical values of Biotricity's Other Assets and Net Tangible 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 Assets of Biotricity are associated (or correlated) with its Net Tangible Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Tangible Assets has no effect on the direction of Other Assets i.e., Biotricity's Other Assets and Net Tangible Assets go up and down completely randomly.

Correlation Coefficient

-0.36

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Other Assets

Net Tangible Assets

The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.

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

For more information on how to buy Biotricity Stock please use our How to Invest in Biotricity guide.At this time, Biotricity's Selling General Administrative is fairly stable compared to the past year. Enterprise Value is likely to rise to about 11.4 M in 2024, whereas Issuance Of Capital Stock is likely to drop slightly above 2.2 M in 2024.

Biotricity fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Common Stock	Net Tangible Assets	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Short Term Investments	Inventory
Total Assets		0.78	0.2	0.6	-0.49	0.61	0.53	-0.81	0.57	0.82	0.82	0.89	0.58	0.28	0.8	0.79	0.76	0.97	0.57	0.7	-0.3	0.76	0.83	0.75	0.68	0.62
Short Long Term Debt Total	0.78		0.24	0.88	-0.9	0.72	0.94	-0.93	0.95	0.3	0.3	0.9	0.6	0.34	0.99	0.92	0.99	0.62	0.88	0.74	-0.26	0.99	0.87	0.78	0.97	0.97
Other Current Liab	0.2	0.24		0.63	-0.4	0.38	0.23	-0.4	0.31	0.06	0.06	0.44	0.53	0.1	0.17	0.38	0.35	0.2	0.56	0.46	-0.92	0.14	0.25	0.2	0.35	0.2
Total Current Liabilities	0.6	0.88	0.63		-0.93	0.77	0.88	-0.9	0.92	0.1	0.1	0.87	0.7	0.31	0.82	0.88	0.93	0.44	0.99	0.77	-0.62	0.83	0.74	0.69	0.94	0.87
Total Stockholder Equity	-0.49	-0.9	-0.4	-0.93		-0.67	-0.97	0.85	-0.97	0.07	0.07	-0.75	-0.58	-0.3	-0.86	-0.82	-0.93	-0.31	-0.94	-0.69	0.38	-0.89	-0.75	-0.68	-0.95	-0.95
Current Deferred Revenue	0.61	0.72	0.38	0.77	-0.67		0.65	-0.88	0.76	0.26	0.26	0.77	0.9	0.33	0.68	0.91	0.75	0.5	0.81	0.89	-0.49	0.69	0.62	0.7	0.75	0.67
Net Debt	0.53	0.94	0.23	0.88	-0.97	0.65		-0.83	0.98	-0.04	-0.04	0.75	0.49	0.3	0.92	0.82	0.95	0.33	0.9	0.63	-0.21	0.94	0.75	0.66	0.96	0.99
Retained Earnings	-0.81	-0.93	-0.4	-0.9	0.85	-0.88	-0.83		-0.89	-0.4	-0.4	-0.94	-0.82	-0.37	-0.9	-0.97	-0.94	-0.7	-0.9	-0.91	0.48	-0.9	-0.87	-0.86	-0.92	-0.86
Accounts Payable	0.57	0.95	0.31	0.92	-0.97	0.76	0.98	-0.89		0.02	0.02	0.79	0.63	0.32	0.92	0.89	0.96	0.38	0.94	0.74	-0.32	0.94	0.75	0.72	0.96	0.98
Cash	0.82	0.3	0.06	0.1	0.07	0.26	-0.04	-0.4	0.02		1.0	0.53	0.33	0.12	0.35	0.38	0.26	0.92	0.05	0.39	-0.18	0.27	0.48	0.43	0.15	0.07
Cash And Short Term Investments	0.82	0.3	0.06	0.1	0.07	0.26	-0.04	-0.4	0.02	1.0		0.53	0.33	0.12	0.35	0.38	0.26	0.92	0.05	0.39	-0.18	0.27	0.48	0.43	0.15	0.07
Net Receivables	0.89	0.9	0.44	0.87	-0.75	0.77	0.75	-0.94	0.79	0.53	0.53		0.7	0.33	0.86	0.9	0.91	0.8	0.85	0.8	-0.51	0.86	0.86	0.8	0.9	0.8
Common Stock Total Equity	0.58	0.6	0.53	0.7	-0.58	0.9	0.49	-0.82	0.63	0.33	0.33	0.7		0.49	0.58	0.82	0.64	0.55	0.71	0.97	-0.63	0.56	0.64	0.72	0.61	0.52
Common Stock Shares Outstanding	0.28	0.34	0.1	0.31	-0.3	0.33	0.3	-0.37	0.32	0.12	0.12	0.33	0.49		0.33	0.35	0.34	0.24	0.32	0.49	-0.09	0.33	0.35	0.33	0.34	0.32
Non Current Liabilities Total	0.8	0.99	0.17	0.82	-0.86	0.68	0.92	-0.9	0.92	0.35	0.35	0.86	0.58	0.33		0.9	0.97	0.65	0.82	0.73	-0.2	0.99	0.87	0.76	0.92	0.95
Other Stockholder Equity	0.79	0.92	0.38	0.88	-0.82	0.91	0.82	-0.97	0.89	0.38	0.38	0.9	0.82	0.35	0.9		0.93	0.66	0.89	0.9	-0.44	0.89	0.81	0.79	0.89	0.86
Total Liab	0.76	0.99	0.35	0.93	-0.93	0.75	0.95	-0.94	0.96	0.26	0.26	0.91	0.64	0.34	0.97	0.93		0.6	0.93	0.77	-0.37	0.97	0.86	0.78	0.98	0.97
Total Current Assets	0.97	0.62	0.2	0.44	-0.31	0.5	0.33	-0.7	0.38	0.92	0.92	0.8	0.55	0.24	0.65	0.66	0.6		0.41	0.66	-0.3	0.59	0.78	0.7	0.5	0.43
Short Term Debt	0.57	0.88	0.56	0.99	-0.94	0.81	0.9	-0.9	0.94	0.05	0.05	0.85	0.71	0.32	0.82	0.89	0.93	0.41		0.77	-0.57	0.85	0.72	0.72	0.95	0.89
Common Stock	0.7	0.74	0.46	0.77	-0.69	0.89	0.63	-0.91	0.74	0.39	0.39	0.8	0.97	0.49	0.73	0.9	0.77	0.66	0.77		-0.55	0.71	0.8	0.83	0.73	0.66
Net Tangible Assets	-0.3	-0.26	-0.92	-0.62	0.38	-0.49	-0.21	0.48	-0.32	-0.18	-0.18	-0.51	-0.63	-0.09	-0.2	-0.44	-0.37	-0.3	-0.57	-0.55		-0.18	-0.27	-0.36	-0.36	-0.19
Non Current Assets Total	0.76	0.99	0.14	0.83	-0.89	0.69	0.94	-0.9	0.94	0.27	0.27	0.86	0.56	0.33	0.99	0.89	0.97	0.59	0.85	0.71	-0.18		0.86	0.79	0.95	0.97
Non Currrent Assets Other	0.83	0.87	0.25	0.74	-0.75	0.62	0.75	-0.87	0.75	0.48	0.48	0.86	0.64	0.35	0.87	0.81	0.86	0.78	0.72	0.8	-0.27	0.86		0.86	0.82	0.8
Other Assets	0.75	0.78	0.2	0.69	-0.68	0.7	0.66	-0.86	0.72	0.43	0.43	0.8	0.72	0.33	0.76	0.79	0.78	0.7	0.72	0.83	-0.36	0.79	0.86		0.75	0.7
Short Term Investments	0.68	0.97	0.35	0.94	-0.95	0.75	0.96	-0.92	0.96	0.15	0.15	0.9	0.61	0.34	0.92	0.89	0.98	0.5	0.95	0.73	-0.36	0.95	0.82	0.75		0.97
Inventory	0.62	0.97	0.2	0.87	-0.95	0.67	0.99	-0.86	0.98	0.07	0.07	0.8	0.52	0.32	0.95	0.86	0.97	0.43	0.89	0.66	-0.19	0.97	0.8	0.7	0.97

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Biotricity Account Relationship Matchups

Biotricity fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	2.0M	4.4M	16.7M	6.5M	7.5M	7.9M
Short Long Term Debt Total	2.3M	4.7M	15.4M	19.5M	22.5M	23.6M
Other Current Liab	427.6K	3.6M	520.7K	1.0M	1.2M	977.3K
Total Current Liabilities	3.8M	10.5M	4.9M	11.2M	12.8M	13.5M
Total Stockholder Equity	(3.0M)	(6.8M)	(2.1M)	(19.8M)	(17.9M)	(17.0M)
Net Debt	1.4M	2.5M	3.3M	19.0M	21.8M	22.9M
Retained Earnings	(46.4M)	(62.8M)	(93.0M)	(112.6M)	(101.3M)	(96.2M)
Accounts Payable	1.1M	1.0M	1.2M	3.4M	4.0M	4.1M
Cash	949.8K	2.2M	12.1M	570.5K	656.0K	623.2K
Cash And Short Term Investments	949.8K	2.2M	12.1M	570.5K	656.0K	623.2K
Net Receivables	623.3K	1.8M	2.4M	1.8M	2.1M	2.2M
Common Stock Total Equity	31.9K	35.4K	36.4K	39.0K	44.9K	27.8K
Common Stock Shares Outstanding	6.0M	6.3M	7.6M	8.7M	10.0M	7.3M
Liabilities And Stockholders Equity	2.0M	4.4M	16.7M	6.5M	7.5M	7.9M
Non Current Liabilities Total	1.2M	780.9K	14.0M	15.2M	17.5M	18.3M
Other Stockholder Equity	44.2M	56.6M	91.6M	92.8M	106.7M	112.1M
Total Liab	5.0M	11.3M	18.8M	26.4M	30.3M	31.8M
Total Current Assets	1.7M	4.3M	15.3M	4.7M	5.4M	3.2M
Accumulated Other Comprehensive Income	(857.3K)	(634.2K)	(768.7K)	(152.8K)	(137.5K)	(144.4K)
Short Term Debt	2.3M	4.3M	1.8M	5.1M	5.9M	6.2M
Common Stock	36.4K	39.0K	51.3K	52.5K	60.4K	33.8K
Net Tangible Assets	(1.8M)	(3.0M)	(6.8M)	(2.1M)	(1.9M)	(2.0M)
Non Current Assets Total	345.6K	116.5K	1.4M	1.8M	2.1M	2.2M
Short Term Investments	137.1K	326.7K	302.3K	588.6K	676.9K	710.7K
Inventory	85.7K	272.5K	842.9K	2.3M	2.7M	2.8M
Other Current Assets	137.1K	326.7K	406.3K	588.6K	676.9K	710.7K
Short Long Term Debt	2.1M	4.3M	1.5M	4.8M	5.5M	5.8M
Net Invested Capital	(932.1K)	(2.2M)	11.9M	(2.0M)	(2.3M)	(2.2M)
Net Working Capital	(2.1M)	(6.2M)	10.5M	(6.4M)	(5.8M)	(5.5M)
Capital Stock	36.4K	39.0K	51.3K	52.5K	60.4K	47.2K

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Biotricity Other Assets vs Net Tangible Assets Analysis

Other Assets vs Net Tangible Assets

Other Assets vs Net Tangible Assets Correlation Analysis

Correlation Coefficient

Other Assets

Net Tangible Assets

Biotricity fundamental ratios Correlations

Biotricity Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Biotricity fundamental ratios Accounts

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Additional Tools for Biotricity Stock Analysis

COMMON DESTINATIONS

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COMPANY

Cash And Short Term Investments	+ 1.0	Cash
Non Current Liabilities Total	+ 0.99	Short Long Term Debt Total
Total Liab	+ 0.99	Short Long Term Debt Total
Non Current Assets Total	+ 0.99	Short Long Term Debt Total
Short Term Debt	+ 0.99	Total Current Liabilities
Inventory	+ 0.99	Net Debt

Other Stockholder Equity	- 0.97	Retained Earnings
Accounts Payable	- 0.97	Total Stockholder Equity
Net Debt	- 0.97	Total Stockholder Equity
Inventory	- 0.95	Total Stockholder Equity
Short Term Investments	- 0.95	Total Stockholder Equity
Total Liab	- 0.94	Retained Earnings