Electromed Consolidated Income vs Operating Income Analysis
ELMD Stock | USD 16.39 0.67 4.26% |
Trend analysis of Electromed balance sheet accounts such as Other Current Liabilities of 6.3 M or Total Current Liabilities of 9.7 M provides information on Electromed's total assets, liabilities, and equity, which is the actual value of Electromed to its prevalent stockholders. By breaking down trends over time using Electromed balance sheet statements, investors will see what precisely the company owns and what it owes to creditors or other parties at the end of each accounting year.
Electromed |
About Electromed Balance Sheet Analysis
Balance Sheet is a snapshot of the financial position of Electromed at a specified time, usually calculated after every quarter, six months, or one year. Electromed Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Electromed and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Electromed currently owns. An asset can also be divided into two categories, current and non-current.
Electromed Balance Sheet Chart
Electromed Balance Sheet is one of the main financial statements that report all assets, liabilities, and shareholders' equity for the current year. It provides a basis for different types of computing rates of return, such as return on equity (ROE) or return on asset (ROA), as well as shows how Electromed uses and utilizes its capital. It also shows what exactly a company owns and owes.
At present, Electromed's Total Current Liabilities is projected to increase significantly based on the last few years of reporting. The current year's Total Stockholder Equity is expected to grow to about 45.5 M, whereas Short and Long Term Debt Total is forecasted to decline to about 137.7 K. Add Fundamental
Total Assets
Total assets refers to the total amount of Electromed 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 Electromed 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.Total Current Liabilities
Total Current Liabilities is an item on Electromed balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Electromed are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.Total Stockholder Equity
The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.Most indicators from Electromed's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Electromed 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Electromed. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population. For information on how to trade Electromed Stock refer to our How to Trade Electromed Stock guide.At present, Electromed's Enterprise Value Over EBITDA is projected to increase significantly based on the last few years of reporting. The current year's Enterprise Value Multiple is expected to grow to 17.06, whereas Tax Provision is forecasted to decline to about 954.9 K.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 25K | 78K | 89.7K | 85.2K | Depreciation And Amortization | 628K | 613K | 705.0K | 669.7K |
Electromed fundamental ratios Correlations
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Electromed Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Electromed fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 33.2M | 37.1M | 41.4M | 45.8M | 52.7M | 26.4M | |
Short Long Term Debt Total | 81.2K | 87K | 41K | 161K | 144.9K | 137.7K | |
Other Current Liab | 2.4M | 4.0M | (1.5B) | 6.7M | 6.0M | 6.3M | |
Total Current Liabilities | 3.0M | 4.6M | 7.2M | 8.1M | 9.3M | 9.7M | |
Total Stockholder Equity | 30.2M | 32.4M | 34.2M | 37.7M | 43.3M | 45.5M | |
Property Plant And Equipment Net | 3.9M | 3.7M | 4.7M | 5.7M | 6.5M | 3.9M | |
Net Debt | (10.4M) | (11.8M) | (8.1M) | (7.2M) | (6.5M) | (6.2M) | |
Retained Earnings | 13.7M | 14.9M | 15.8M | 18.8M | 21.6M | 22.7M | |
Accounts Payable | 555.5K | 685K | 1.3M | 1.4M | 1.6M | 795.8K | |
Cash | 10.5M | 11.9M | 8.2M | 7.4M | 8.5M | 5.3M | |
Non Current Assets Total | 5.2M | 5.4M | 6.8M | 8.0M | 9.2M | 5.4M | |
Non Currrent Assets Other | 80.2K | 88K | 120M | 161K | 185.2K | 175.9K | |
Other Assets | 755K | 1.1M | 1.5M | 1.6M | 1.8M | 1.9M | |
Cash And Short Term Investments | 10.5M | 11.9M | 8.2M | 7.4M | 8.5M | 5.3M | |
Net Receivables | 14.1M | 17.4M | 21.3M | 24.6M | 28.3M | 29.7M | |
Common Stock Total Equity | 84.1K | 85.7K | 85K | 86K | 98.9K | 86.6K | |
Common Stock Shares Outstanding | 8.8M | 8.9M | 8.8M | 8.7M | 10.0M | 8.8M | |
Liabilities And Stockholders Equity | 33.2M | 37.1M | 41.4M | 45.8M | 52.7M | 26.4M | |
Non Current Liabilities Total | 8.9K | 54K | 41K | 86K | 77.4K | 73.5K | |
Inventory | 3.1M | 2.1M | 3.2M | 4.2M | 4.9M | 2.5M | |
Other Current Assets | 353.3K | 276K | 2.2M | 1.6M | 1.8M | 1.9M | |
Other Stockholder Equity | 16.5M | 17.4M | 18.3M | 18.8M | 21.6M | 16.1M | |
Total Liab | 3.0M | 4.7M | 7.2M | 8.1M | 9.4M | 5.4M | |
Property Plant And Equipment Gross | 3.8M | 3.6M | 4.7M | 5.7M | 6.5M | 3.9M | |
Total Current Assets | 28.0M | 31.7M | 34.5M | 37.8M | 43.5M | 45.6M | |
Short Term Debt | 30.3K | 72.3K | 33K | 80K | 72K | 68.4K | |
Intangible Assets | 598.4K | 663K | 599K | 605K | 544.5K | 517.3K | |
Common Stock | 84.1K | 85.7K | 85K | 86K | 98.9K | 86.6K | |
Property Plant Equipment | 3.9M | 3.6M | 4.6M | 5.7M | 6.5M | 3.9M | |
Current Deferred Revenue | (72.3K) | (33K) | 1.5B | (80K) | (92K) | (87.4K) | |
Net Tangible Assets | 29.7M | 31.8M | 33.6M | 37.1M | 42.6M | 24.2M | |
Retained Earnings Total Equity | 13.7M | 14.9M | 15.8M | 18.8M | 21.6M | 22.7M | |
Capital Surpluse | 16.5M | 17.4M | 18.3M | 18.8M | 21.6M | 16.7M | |
Net Invested Capital | 30.2M | 32.4M | 34.2M | 37.7M | 43.3M | 32.0M |
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 Electromed 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, Electromed's short interest history, or implied volatility extrapolated from Electromed options trading.
Pair Trading with Electromed
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 Electromed 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 Electromed will appreciate offsetting losses from the drop in the long position's value.Moving together with Electromed Stock
0.66 | FORA | Forian Inc Financial Report 10th of May 2024 | PairCorr |
Moving against Electromed Stock
0.79 | ICCM | Icecure Medical Financial Report 27th of May 2024 | PairCorr |
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0.72 | SIBN | Si Bone Financial Report 6th of May 2024 | PairCorr |
0.68 | SRDX | SurModics Earnings Call This Week | PairCorr |
0.62 | HCAT | Health Catalyst Financial Report 14th of May 2024 | PairCorr |
The ability to find closely correlated positions to Electromed could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Electromed 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 Electromed - 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 Electromed to buy it.
The correlation of Electromed 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 Electromed moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Electromed 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 Electromed 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Electromed. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population. For information on how to trade Electromed Stock refer to our How to Trade Electromed Stock guide.You can also try the Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.
Complementary Tools for Electromed Stock analysis
When running Electromed's price analysis, check to measure Electromed'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 Electromed is operating at the current time. Most of Electromed's value examination focuses on studying past and present price action to predict the probability of Electromed's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Electromed's price. Additionally, you may evaluate how the addition of Electromed to your portfolios can decrease your overall portfolio volatility.
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Is Electromed'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 Electromed. If investors know Electromed 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 Electromed 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 0.727 | Earnings Share 0.45 | Revenue Per Share 6.072 | Quarterly Revenue Growth 0.167 | Return On Assets 0.0721 |
The market value of Electromed is measured differently than its book value, which is the value of Electromed that is recorded on the company's balance sheet. Investors also form their own opinion of Electromed's value that differs from its market value or its book value, called intrinsic value, which is Electromed'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 Electromed's market value can be influenced by many factors that don't directly affect Electromed'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 Electromed's value and its price as these two are different measures arrived at by different means. Investors typically determine if Electromed is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Electromed'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.