Charles Interest Expense vs Accounts Payable Analysis
CRL Stock | USD 270.76 1.39 0.52% |
Charles River financial indicator trend analysis is way more than just evaluating Charles River Labora prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Charles River Labora is a good investment. Please check the relationship between Charles River Interest Expense and its Accounts Payable accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Charles River Laboratories. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area.
Interest Expense vs Accounts Payable
Interest Expense vs Accounts Payable Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Charles River Labora Interest Expense account and Accounts Payable. At this time, the significance of the direction appears to have strong relationship.
The correlation between Charles River's Interest Expense and Accounts Payable is 0.78. Overlapping area represents the amount of variation of Interest Expense that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of Charles River Laboratories, assuming nothing else is changed. The correlation between historical values of Charles River's Interest Expense and Accounts Payable is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Interest Expense of Charles River Laboratories are associated (or correlated) with its Accounts Payable. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Accounts Payable has no effect on the direction of Interest Expense i.e., Charles River's Interest Expense and Accounts Payable go up and down completely randomly.
Correlation Coefficient | 0.78 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Interest Expense
The cost incurred by an entity for borrowed funds, including loans, bonds, or lines of credit.Accounts Payable
An accounting item on the balance sheet that represents Charles River 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 Charles River Labora 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.Most indicators from Charles River's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Charles River Labora 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 Charles River Laboratories. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area. At this time, Charles River's Selling General Administrative is quite stable compared to the past year. Discontinued Operations is expected to rise to about 1.8 M this year, although the value of Tax Provision will most likely fall to about 99.9 M.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 73.9M | 59.3M | 136.7M | 143.5M | Depreciation And Amortization | 230.3M | 335.2M | 314.1M | 329.8M |
Charles River fundamental ratios Correlations
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Charles River Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Charles River fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 4.7B | 5.5B | 7.0B | 7.6B | 8.2B | 8.6B | |
Short Long Term Debt Total | 2.0B | 2.1B | 2.9B | 3.1B | 3.1B | 3.2B | |
Other Current Liab | 388.3M | 459.1M | 612.6M | 571.2M | 203.2M | 201.5M | |
Total Current Liabilities | 710.2M | 839.8M | 1.0B | 1.1B | 1.1B | 1.1B | |
Total Stockholder Equity | 1.6B | 2.1B | 2.5B | 3.0B | 3.6B | 3.8B | |
Property Plant And Equipment Net | 1.2B | 1.3B | 1.6B | 1.9B | 2.0B | 2.1B | |
Current Deferred Revenue | 171.8M | 207.9M | 219.7M | 264.3M | 241.8M | 253.9M | |
Net Debt | 1.8B | 1.9B | 2.7B | 2.9B | 2.8B | 2.9B | |
Retained Earnings | 280.3M | 625.4M | 980.8M | 1.4B | 1.9B | 2.0B | |
Accounts Payable | 111.5M | 122.5M | 198.1M | 205.9M | 168.9M | 177.4M | |
Cash | 238.0M | 228.4M | 241.2M | 233.9M | 276.8M | 172.3M | |
Non Current Assets Total | 3.7B | 4.3B | 5.8B | 6.2B | 6.6B | 6.9B | |
Non Currrent Assets Other | 89.6M | 130.8M | 151.5M | 148.3M | 309.4M | 324.9M | |
Cash And Short Term Investments | 238.0M | 228.4M | 241.2M | 233.9M | 276.8M | 173.9M | |
Net Receivables | 514.0M | 617.7M | 642.9M | 752.4M | 780.4M | 819.4M | |
Common Stock Total Equity | 489K | 498K | 505K | 509K | 585.4K | 681.5K | |
Common Stock Shares Outstanding | 49.7M | 50.6M | 51.4M | 51.3M | 51.5M | 55.4M | |
Liabilities And Stockholders Equity | 4.7B | 5.5B | 7.0B | 7.6B | 8.2B | 8.6B | |
Non Current Liabilities Total | 2.3B | 2.5B | 3.4B | 3.5B | 3.5B | 3.7B | |
Inventory | 160.7M | 185.7M | 199.1M | 255.8M | 380.3M | 399.3M | |
Other Current Assets | 56.0M | 72.6M | 97.3M | 107.6M | 83.4M | 58.7M | |
Other Stockholder Equity | 1.5B | 1.6B | 1.7B | 1.8B | 1.9B | 1.3B | |
Total Liab | 3.0B | 3.3B | 4.4B | 4.6B | 4.5B | 4.8B | |
Property Plant And Equipment Gross | 1.2B | 1.1B | 1.6B | 1.9B | 3.4B | 3.5B | |
Total Current Assets | 1.0B | 1.2B | 1.3B | 1.4B | 1.6B | 1.7B | |
Accumulated Other Comprehensive Income | (178.0M) | (138.9M) | (164.7M) | (262.1M) | (196.4M) | (186.6M) | |
Short Term Debt | 38.5M | 50.2M | 2.8M | 50.2M | 441.1M | 463.2M | |
Common Stock | 489K | 498K | 505K | 509K | 513K | 670.0K | |
Intangible Assets | 689.4M | 787.6M | 1.1B | 955.3M | 864.1M | 480.2M | |
Other Liab | 350.2M | 422.2M | 482.6M | 390.4M | 449.0M | 471.4M | |
Other Assets | 134.3M | 1.5B | (47.2M) | 1K | 1.2K | 1.1K | |
Long Term Debt | 1.8B | 1.9B | 2.6B | 2.7B | 2.6B | 2.8B | |
Good Will | 1.5B | 1.8B | 2.7B | 2.8B | 3.1B | 3.2B | |
Property Plant Equipment | 1.0B | 1.1B | 1.6B | 1.9B | 2.1B | 2.2B | |
Short Term Investments | 941K | 1.0M | 1.1M | 998K | 898.2K | 853.3K | |
Net Tangible Assets | (566.7M) | (456.7M) | (1.2B) | (786.5M) | (707.8M) | (672.4M) | |
Noncontrolling Interest In Consolidated Entity | 3.2M | 3.6M | 4.2M | 4.8M | 5.5M | 3.4M | |
Retained Earnings Total Equity | 280.3M | 625.4M | 980.8M | 1.4B | 1.6B | 1.7B |
Charles River Investors Sentiment
The influence of Charles River's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Charles. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Charles River's public news can be used to forecast risks associated with an investment in Charles. The trend in average sentiment can be used to explain how an investor holding Charles can time the market purely based on public headlines and social activities around Charles River Laboratories. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Charles River's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Charles River's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Charles River's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Charles River.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Charles River in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Charles River's short interest history, or implied volatility extrapolated from Charles River options trading.
Pair Trading with Charles River
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 Charles River 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 Charles River will appreciate offsetting losses from the drop in the long position's value.Moving together with Charles Stock
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Moving against Charles Stock
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0.65 | MCRB | Seres Therapeutics Financial Report 14th of May 2024 | PairCorr |
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0.59 | VALN | Valneva SE ADR Financial Report 2nd of May 2024 | PairCorr |
The ability to find closely correlated positions to Charles River could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Charles River 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 Charles River - 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 Charles River Laboratories to buy it.
The correlation of Charles River 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 Charles River moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Charles River Labora 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 Charles River 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 Charles River Laboratories. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area. You can also try the Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.
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When running Charles River's price analysis, check to measure Charles River'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 Charles River is operating at the current time. Most of Charles River's value examination focuses on studying past and present price action to predict the probability of Charles River's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Charles River's price. Additionally, you may evaluate how the addition of Charles River to your portfolios can decrease your overall portfolio volatility.
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Is Charles River'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 Charles River. If investors know Charles 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 Charles River listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.01) | Earnings Share 9.21 | Revenue Per Share 80.61 | Quarterly Revenue Growth (0.08) | Return On Assets 0.0519 |
The market value of Charles River Labora is measured differently than its book value, which is the value of Charles that is recorded on the company's balance sheet. Investors also form their own opinion of Charles River's value that differs from its market value or its book value, called intrinsic value, which is Charles River'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 Charles River's market value can be influenced by many factors that don't directly affect Charles River'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 Charles River's value and its price as these two are different measures arrived at by different means. Investors typically determine if Charles River is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Charles River'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.