Icad Total Assets vs Total Liabilities Analysis

ICAD Stock

USD 1.28 0.03 2.40%

Icad financial indicator trend analysis is infinitely more than just investigating Icad Inc recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Icad Inc is a good investment. Please check the relationship between Icad Total Assets and its Total Liabilities accounts. Please see Risk vs Return Analysis.

Total Assets vs Total Liabilities

Total Assets vs Total Liabilities Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Icad Inc Total Assets account and Total Liabilities. At this time, the significance of the direction appears to have weak relationship.

The correlation between Icad's Total Assets and Total Liabilities is 0.33. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Total Liabilities in the same time period over historical financial statements of Icad Inc, assuming nothing else is changed. The correlation between historical values of Icad's Total Assets and Total Liabilities is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Assets of Icad Inc are associated (or correlated) with its Total Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Liabilities has no effect on the direction of Total Assets i.e., Icad's Total Assets and Total Liabilities go up and down completely randomly.

Correlation Coefficient

0.33

Relationship Direction	Positive
Relationship Strength	Very Weak

View All Relationships

Total Assets

Total assets refers to the total amount of Icad 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 Icad Inc 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. Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Major components are Cash and Equivalents; [Investments]; Goodwill and Intangible Assets; Property Plant and Equipment Net; [TaxAssets] and Trade and Non Trade Receivables.

Total Liabilities

Deferred Income Tax is recorded on Icad Inc balance sheet and a result of income already earned and recognized for accounting, but not tax, purposes. Also, differences between tax laws and accounting methods can result in a temporary difference in the amount of income tax payable by a company. This difference is recorded on Icad books as deferred income tax. Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Principal components are Total Debt; Deferred Revenue; Trade and Non Trade Payables; Deposit Liabilities; and Tax Liabilities.

Most indicators from Icad's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Icad Inc 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. Please see Risk vs Return Analysis.The current year Net Cash Flow Business Acquisitions and Disposals is expected to grow to about 3.5 M, whereas Selling General and Administrative Expense is forecasted to decline to about 26.9 M.

	2020	2021	2022	2023 (projected)
Interest Expense	476 K	141 K	126.9 K	130.24 K
Gross Profit	21.35 M	24.24 M	21.82 M	21.15 M

Interest Expense Gross Profit

Icad fundamental ratios Correlations

	Inventories	Receivables	Accounts Payable	Total Assets	Current Assets	Assets Non Current	Cash and Equivalents	Total Debt	Debt Current	Debt Non Current	Deferred Revenue	Shareholders Equity	Goodwill and Intangible Assets	Inventory	Total Liabilities	Current Liabilities	Liabilities Non Current	Trade and Non Trade Payables	Property Plant and Equipment Net	Trade and Non Trade Receivables	Tax Liabilities
Inventories		0.06	0.56	0.01	0.45	-0.34	0.4	-0.69	-0.55	-0.63	-0.24	0.39	-0.36	0.86	-0.65	-0.32	-0.65	0.43	0.15	0.18	-0.16
Receivables	0.06		0.5	0.11	0.56	-0.4	0.49	-0.11	-0.11	-0.35	-0.11	0.19	-0.45	0.24	-0.13	0.42	-0.34	0.36	0.54	0.9	-0.14
Accounts Payable	0.56	0.5		-0.01	0.65	-0.55	0.59	-0.3	-0.36	-0.37	-0.51	0.2	-0.59	0.49	-0.36	-0.06	-0.42	0.6	0.2	0.62	-0.33
Total Assets	0.01	0.11	-0.01		0.42	0.72	0.53	0.12	0.49	-0.01	0.72	0.84	0.68	-0.02	0.33	0.62	0.13	0.44	0.72	0.15	-0.07
Current Assets	0.45	0.56	0.65	0.42		-0.29	0.99	-0.47	-0.28	-0.63	-0.19	0.67	-0.34	0.68	-0.4	0.1	-0.57	0.88	0.46	0.78	-0.39
Assets Non Current	-0.34	-0.4	-0.55	0.72	-0.29		-0.16	0.45	0.73	0.45	0.89	0.38	1.0	-0.5	0.63	0.53	0.55	-0.15	0.35	-0.44	0.22
Cash and Equivalents	0.4	0.49	0.59	0.53	0.99	-0.16		-0.41	-0.19	-0.57	-0.1	0.74	-0.21	0.6	-0.32	0.13	-0.49	0.88	0.48	0.7	-0.4
Total Debt	-0.69	-0.11	-0.3	0.12	-0.47	0.45	-0.41		0.87	0.94	0.31	-0.43	0.45	-0.81	0.95	0.52	0.96	-0.3	0.15	-0.23	-0.15
Debt Current	-0.55	-0.11	-0.36	0.49	-0.28	0.73	-0.19	0.87		0.77	0.59	-0.02	0.72	-0.66	0.92	0.67	0.84	-0.18	0.43	-0.19	-0.07
Debt Non Current	-0.63	-0.35	-0.37	-0.01	-0.63	0.45	-0.57	0.94	0.77		0.22	-0.52	0.46	-0.81	0.88	0.32	0.97	-0.39	-0.04	-0.48	-0.09
Deferred Revenue	-0.24	-0.11	-0.51	0.72	-0.19	0.89	-0.1	0.31	0.59	0.22		0.43	0.88	-0.37	0.52	0.68	0.35	-0.15	0.46	-0.22	0.25
Shareholders Equity	0.39	0.19	0.2	0.84	0.67	0.38	0.74	-0.43	-0.02	-0.52	0.43		0.33	0.42	-0.24	0.24	-0.41	0.57	0.59	0.28	0.0
Goodwill and Intangible Assets	-0.36	-0.45	-0.59	0.68	-0.34	1.0	-0.21	0.45	0.72	0.46	0.88	0.33		-0.52	0.63	0.49	0.56	-0.2	0.28	-0.49	0.26
Inventory	0.86	0.24	0.49	-0.02	0.68	-0.5	0.6	-0.81	-0.66	-0.81	-0.37	0.42	-0.52		-0.77	-0.33	-0.82	0.6	0.15	0.43	-0.24
Total Liabilities	-0.65	-0.13	-0.36	0.33	-0.4	0.63	-0.32	0.95	0.92	0.88	0.52	-0.24	0.63	-0.77		0.67	0.94	-0.19	0.26	-0.22	-0.12
Current Liabilities	-0.32	0.42	-0.06	0.62	0.1	0.53	0.13	0.52	0.67	0.32	0.68	0.24	0.49	-0.33	0.67		0.39	0.14	0.7	0.3	-0.18
Liabilities Non Current	-0.65	-0.34	-0.42	0.13	-0.57	0.55	-0.49	0.96	0.84	0.97	0.35	-0.41	0.56	-0.82	0.94	0.39		-0.33	0.01	-0.44	-0.05
Trade and Non Trade Payables	0.43	0.36	0.6	0.44	0.88	-0.15	0.88	-0.3	-0.18	-0.39	-0.15	0.57	-0.2	0.6	-0.19	0.14	-0.33		0.37	0.61	-0.41
Property Plant and Equipment Net	0.15	0.54	0.2	0.72	0.46	0.35	0.48	0.15	0.43	-0.04	0.46	0.59	0.28	0.15	0.26	0.7	0.01	0.37		0.49	-0.29
Trade and Non Trade Receivables	0.18	0.9	0.62	0.15	0.78	-0.44	0.7	-0.23	-0.19	-0.48	-0.22	0.28	-0.49	0.43	-0.22	0.3	-0.44	0.61	0.49		-0.22
Tax Liabilities	-0.16	-0.14	-0.33	-0.07	-0.39	0.22	-0.4	-0.15	-0.07	-0.09	0.25	0.0	0.26	-0.24	-0.12	-0.18	-0.05	-0.41	-0.29	-0.22

Click cells to compare fundamentals

Icad Account Relationship Matchups

Icad fundamental ratios Accounts

	2018	2019	2020	2021	2022	2023 (projected)
Inventories	1.59 M	2.61 M	3.14 M	4.17 M	3.75 M	3.15 M
Receivables	6.4 M	9.82 M	10.03 M	8.89 M	8 M	7.23 M
Accounts Payable	3.48 M	4.71 M	5.27 M	5.62 M	5.06 M	4.28 M
Total Assets	31.74 M	41.75 M	55.58 M	62.19 M	55.97 M	51.5 M
Current Assets	21.22 M	29.2 M	42.3 M	50.31 M	57.85 M	47.82 M
Assets Non Current	10.52 M	12.55 M	13.28 M	11.88 M	10.7 M	15.03 M
Cash and Equivalents	12.19 M	15.31 M	27.19 M	34.28 M	39.42 M	31.19 M
Cash and Equivalents USD	12.19 M	15.31 M	27.19 M	34.28 M	39.42 M	31.19 M
Total Debt	13.1 M	22.49 M	8.76 M	1.16 M	1.04 M	1.07 M
Debt Current	1.87 M	5.01 M	726 K	889 K	800.1 K	821.15 K
Debt Non Current	11.23 M	17.48 M	8.04 M	266 K	239.4 K	245.7 K
Total Debt USD	13.1 M	22.49 M	8.76 M	1.16 M	1.04 M	1.07 M
Deferred Revenue	5.5 M	5.6 M	6.38 M	6.09 M	5.48 M	5.95 M
Shareholders Equity	6.9 M	5.07 M	30.52 M	46.52 M	41.87 M	33.52 M
Shareholders Equity USD	6.9 M	5.07 M	30.52 M	46.52 M	41.87 M	33.52 M
Goodwill and Intangible Assets	9.91 M	9.54 M	9.25 M	9.04 M	8.14 M	12.69 M
Inventory	1.59 M	2.61 M	3.14 M	4.17 M	4.8 M	4.14 M
Total Liabilities	24.84 M	36.68 M	25.06 M	15.67 M	14.11 M	17.97 M
Current Liabilities	13.24 M	18.84 M	16.75 M	14.96 M	13.47 M	13.91 M
Liabilities Non Current	11.6 M	17.84 M	8.31 M	712 K	640.8 K	657.66 K
Trade and Non Trade Payables	1.15 M	1.99 M	2.87 M	2.78 M	3.2 M	2.81 M
Property Plant and Equipment Net	552 K	2.96 M	2.5 M	1.94 M	1.75 M	1.75 M
Trade and Non Trade Receivables	6.4 M	9.82 M	10.03 M	8.89 M	10.22 M	9.94 M
Accumulated Retained Earnings Deficit	(210.77 M)	(224.32 M)	(241.94 M)	(253.18 M)	(227.86 M)	(245.85 M)

Icad Investors Sentiment

The influence of Icad'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 Icad. 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 markets does not have a solid backing from leading economists and market statisticians.

Investor biases related to Icad's public news can be used to forecast risks associated with investment in Icad. The trend in average sentiment can be used to explain how an investor holding Icad can time the market purely based on public headlines and social activities around Icad Inc. Please note that most equiteis that are difficult to arbitrage are affected by market sentiment the most.

Icad'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 Icad'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 Icad's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Icad.

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 Icad 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, Icad's short interest history, or implied volatility extrapolated from Icad options trading.

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Please see Risk vs Return Analysis. Note that the Icad Inc information on this page should be used as a complementary analysis to other Icad'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 Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.

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When running Icad Inc price analysis, check to measure Icad'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 Icad is operating at the current time. Most of Icad's value examination focuses on studying past and present price action to predict the probability of Icad's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Icad's price. Additionally, you may evaluate how the addition of Icad to your portfolios can decrease your overall portfolio volatility.

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Is Icad'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 Icad. If investors know Icad 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 Icad listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Earnings Share

(0.57)

Revenue Per Share

1.163

Quarterly Revenue Growth

(0.32)

Return On Assets

(0.15)

Return On Equity

(0.34)

The market value of Icad Inc is measured differently than its book value, which is the value of Icad that is recorded on the company's balance sheet. Investors also form their own opinion of Icad's value that differs from its market value or its book value, called intrinsic value, which is Icad'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 Icad's market value can be influenced by many factors that don't directly affect Icad'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 Icad's value and its price as these two are different measures arrived at by different means. Investors typically determine Icad value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Icad'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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Icad Total Assets vs Total Liabilities Analysis

Total Assets vs Total Liabilities

Total Assets vs Total Liabilities Correlation Analysis

Correlation Coefficient

Total Assets

Total Liabilities

Icad fundamental ratios Correlations

Icad Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Icad fundamental ratios Accounts

Icad Investors Sentiment

Becoming a Better Investor with Macroaxis

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Complementary Tools for Icad Stock analysis

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Goodwill and Intangible Assets	+ 1.0	Assets Non Current
Cash and Equivalents	+ 0.99	Current Assets
Liabilities Non Current	+ 0.97	Debt Non Current
Liabilities Non Current	+ 0.96	Total Debt
Total Liabilities	+ 0.95	Total Debt
Debt Non Current	+ 0.94	Total Debt

Liabilities Non Current	- 0.82	Inventory
Inventory	- 0.81	Debt Non Current
Inventory	- 0.81	Total Debt
Total Liabilities	- 0.77	Inventory
Total Debt	- 0.69	Inventories
Inventory	- 0.66	Debt Current