Electromed Gross Profit vs Interest Expense Analysis

ELMD Stock

USD 16.64 0.25 1.53%

Electromed financial indicator trend analysis is much more than just examining Electromed latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Electromed is a good investment. Please check the relationship between Electromed Gross Profit and its Interest Expense accounts. 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.

Gross Profit vs Interest Expense

Gross Profit vs Interest Expense Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Electromed Gross Profit account and Interest Expense. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between Electromed's Gross Profit and Interest Expense is -0.02. Overlapping area represents the amount of variation of Gross Profit that can explain the historical movement of Interest Expense in the same time period over historical financial statements of Electromed, assuming nothing else is changed. The correlation between historical values of Electromed's Gross Profit and Interest Expense is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Gross Profit of Electromed are associated (or correlated) with its Interest Expense. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Interest Expense has no effect on the direction of Gross Profit i.e., Electromed's Gross Profit and Interest Expense go up and down completely randomly.

Correlation Coefficient

-0.02

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Electromed minus its cost of goods sold. It is profit before Electromed operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Interest Expense

The cost incurred by an entity for borrowed funds, including loans, bonds, or lines of credit.

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

Interest Expense Depreciation And Amortization

Electromed fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Intangible Assets
Total Assets		-0.71	-0.3	0.75	0.86	0.85	-0.74	0.86	0.88	0.77	0.89	0.31	0.8	0.77	0.82	0.76	0.84	-0.79	0.89	0.63	0.76	0.71	0.84	0.86	-0.21	-0.29
Short Long Term Debt Total	-0.71		0.24	-0.49	-0.79	-0.6	0.86	-0.76	-0.46	-0.77	-0.6	-0.24	-0.66	-0.77	-0.65	-0.7	-0.76	0.89	-0.59	-0.34	-0.7	-0.16	-0.59	-0.74	0.66	0.29
Other Current Liab	-0.3	0.24		-0.26	-0.21	-0.21	0.22	-0.22	-0.38	-0.19	-0.25	-1.0	-0.32	-0.19	-0.23	-0.07	-0.11	0.22	-0.16	-0.53	-0.16	-0.31	-0.21	-0.23	0.1	0.12
Total Current Liabilities	0.75	-0.49	-0.26		0.88	0.69	-0.44	0.89	0.83	0.42	0.73	0.26	0.93	0.42	0.96	0.57	0.62	-0.59	0.69	0.91	0.5	0.82	0.69	0.92	-0.05	-0.4
Total Stockholder Equity	0.86	-0.79	-0.21	0.88		0.73	-0.75	0.99	0.74	0.7	0.76	0.22	0.93	0.7	0.97	0.76	0.83	-0.85	0.75	0.72	0.68	0.58	0.72	0.99	-0.27	-0.35
Property Plant And Equipment Net	0.85	-0.6	-0.21	0.69	0.73		-0.4	0.7	0.87	0.4	0.99	0.21	0.73	0.4	0.75	0.77	0.76	-0.57	0.89	0.66	0.72	0.71	1.0	0.71	-0.33	-0.09
Net Debt	-0.74	0.86	0.22	-0.44	-0.75	-0.4		-0.76	-0.39	-0.98	-0.43	-0.22	-0.59	-0.98	-0.58	-0.56	-0.69	0.89	-0.53	-0.23	-0.6	-0.16	-0.38	-0.72	0.39	0.4
Retained Earnings	0.86	-0.76	-0.22	0.89	0.99	0.7	-0.76		0.73	0.72	0.73	0.23	0.95	0.72	0.97	0.68	0.76	-0.81	0.73	0.72	0.6	0.61	0.69	0.99	-0.27	-0.46
Accounts Payable	0.88	-0.46	-0.38	0.83	0.74	0.87	-0.39	0.73		0.42	0.91	0.38	0.77	0.42	0.8	0.67	0.7	-0.56	0.85	0.83	0.69	0.9	0.87	0.76	-0.03	-0.18
Cash	0.77	-0.77	-0.19	0.42	0.7	0.4	-0.98	0.72	0.42		0.44	0.19	0.55	1.0	0.54	0.55	0.68	-0.83	0.56	0.2	0.59	0.24	0.38	0.69	-0.28	-0.42
Non Current Assets Total	0.89	-0.6	-0.25	0.73	0.76	0.99	-0.43	0.73	0.91	0.44		0.25	0.76	0.44	0.78	0.79	0.79	-0.6	0.9	0.7	0.76	0.75	0.99	0.75	-0.27	-0.07
Non Currrent Assets Other	0.31	-0.24	-1.0	0.26	0.22	0.21	-0.22	0.23	0.38	0.19	0.25		0.33	0.19	0.23	0.08	0.12	-0.22	0.16	0.54	0.17	0.31	0.21	0.23	-0.1	-0.12
Other Assets	0.8	-0.66	-0.32	0.93	0.93	0.73	-0.59	0.95	0.77	0.55	0.76	0.33		0.55	0.96	0.57	0.64	-0.64	0.68	0.81	0.49	0.73	0.72	0.95	-0.33	-0.49
Cash And Short Term Investments	0.77	-0.77	-0.19	0.42	0.7	0.4	-0.98	0.72	0.42	1.0	0.44	0.19	0.55		0.54	0.55	0.68	-0.83	0.56	0.2	0.59	0.24	0.38	0.69	-0.28	-0.42
Net Receivables	0.82	-0.65	-0.23	0.96	0.97	0.75	-0.58	0.97	0.8	0.54	0.78	0.23	0.96	0.54		0.69	0.74	-0.72	0.73	0.83	0.6	0.71	0.74	0.98	-0.18	-0.34
Common Stock Total Equity	0.76	-0.7	-0.07	0.57	0.76	0.77	-0.56	0.68	0.67	0.55	0.79	0.08	0.57	0.55	0.69		0.98	-0.79	0.8	0.48	0.94	0.37	0.77	0.72	-0.17	0.2
Common Stock Shares Outstanding	0.84	-0.76	-0.11	0.62	0.83	0.76	-0.69	0.76	0.7	0.68	0.79	0.12	0.64	0.68	0.74	0.98		-0.85	0.81	0.49	0.93	0.41	0.75	0.79	-0.19	0.03
Non Current Liabilities Total	-0.79	0.89	0.22	-0.59	-0.85	-0.57	0.89	-0.81	-0.56	-0.83	-0.6	-0.22	-0.64	-0.83	-0.72	-0.79	-0.85		-0.67	-0.45	-0.81	-0.26	-0.56	-0.81	0.26	0.2
Inventory	0.89	-0.59	-0.16	0.69	0.75	0.89	-0.53	0.73	0.85	0.56	0.9	0.16	0.68	0.56	0.73	0.8	0.81	-0.67		0.63	0.79	0.68	0.89	0.74	-0.14	-0.14
Other Current Assets	0.63	-0.34	-0.53	0.91	0.72	0.66	-0.23	0.72	0.83	0.2	0.7	0.54	0.81	0.2	0.83	0.48	0.49	-0.45	0.63		0.45	0.81	0.66	0.76	0.05	-0.23
Other Stockholder Equity	0.76	-0.7	-0.16	0.5	0.68	0.72	-0.6	0.6	0.69	0.59	0.76	0.17	0.49	0.59	0.6	0.94	0.93	-0.81	0.79	0.45		0.36	0.72	0.65	-0.15	0.2
Total Liab	0.71	-0.16	-0.31	0.82	0.58	0.71	-0.16	0.61	0.9	0.24	0.75	0.31	0.73	0.24	0.71	0.37	0.41	-0.26	0.68	0.81	0.36		0.72	0.64	0.11	-0.34
Property Plant And Equipment Gross	0.84	-0.59	-0.21	0.69	0.72	1.0	-0.38	0.69	0.87	0.38	0.99	0.21	0.72	0.38	0.74	0.77	0.75	-0.56	0.89	0.66	0.72	0.72		0.7	-0.32	-0.08
Total Current Assets	0.86	-0.74	-0.23	0.92	0.99	0.71	-0.72	0.99	0.76	0.69	0.75	0.23	0.95	0.69	0.98	0.72	0.79	-0.81	0.74	0.76	0.65	0.64	0.7		-0.22	-0.39
Short Term Debt	-0.21	0.66	0.1	-0.05	-0.27	-0.33	0.39	-0.27	-0.03	-0.28	-0.27	-0.1	-0.33	-0.28	-0.18	-0.17	-0.19	0.26	-0.14	0.05	-0.15	0.11	-0.32	-0.22		0.32
Intangible Assets	-0.29	0.29	0.12	-0.4	-0.35	-0.09	0.4	-0.46	-0.18	-0.42	-0.07	-0.12	-0.49	-0.42	-0.34	0.2	0.03	0.2	-0.14	-0.23	0.2	-0.34	-0.08	-0.39	0.32

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Electromed Account Relationship Matchups

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

0.76

HQY

HealthEquity Financial Report 3rd of June 2024

Pair Corr

Moving against Electromed Stock

0.71	RSLS	ReShape Lifesciences	Pair Corr
0.68	HSDT	Helius Medical Techn Financial Report 9th of May 2024	Pair Corr
0.64	BBLG	Bone Biologics Corp Financial Report 20th of May 2024	Pair Corr
0.62	HCAT	Health Catalyst Financial Report 14th of May 2024	Pair Corr
0.58	SINT	SINTX Technologies	Pair Corr

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.

Pair Correlation Correlation Matching

When determining whether Electromed is a strong investment it is important to analyze Electromed's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Electromed's future performance. For an informed investment choice regarding Electromed Stock, refer to the following important reports:

How To Invest In Electromed

Details

Is Electromed Stock a good investment?

Details

What is Electromed's Net Worth?

Details

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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 Volatility Analysis module to get historical volatility and risk analysis based on latest market data.

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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.

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Electromed Gross Profit vs Interest Expense Analysis

Gross Profit vs Interest Expense

Gross Profit vs Interest Expense Correlation Analysis

Correlation Coefficient

Gross Profit

Interest Expense

Electromed fundamental ratios Correlations

Electromed Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Electromed fundamental ratios Accounts

Pair Trading with Electromed

Moving together with Electromed Stock

Moving against Electromed Stock

Complementary Tools for Electromed Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Property Plant And Equipment Gross	+ 1.0	Property Plant And Equipment Net
Cash And Short Term Investments	+ 1.0	Cash
Retained Earnings	+ 0.99	Total Stockholder Equity
Total Current Assets	+ 0.99	Total Stockholder Equity
Non Current Assets Total	+ 0.99	Property Plant And Equipment Net
Total Current Assets	+ 0.99	Retained Earnings

Non Currrent Assets Other	- 1.0	Other Current Liab
Cash And Short Term Investments	- 0.98	Net Debt
Cash	- 0.98	Net Debt
Non Current Liabilities Total	- 0.85	Common Stock Shares Outstanding
Non Current Liabilities Total	- 0.85	Total Stockholder Equity
Non Current Liabilities Total	- 0.83	Cash And Short Term Investments