Innovative Current Ratio vs Free Cash Flow per Share Analysis
IIPR Stock | USD 94.23 0.35 0.37% |
Innovative Industrial financial indicator trend analysis is infinitely more than just investigating Innovative Industrial recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Innovative Industrial is a good investment. Please check the relationship between Innovative Industrial Current Ratio and its Free Cash Flow Per Share accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Innovative Industrial Properties. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in american community survey.
Current Ratio vs Free Cash Flow Per Share
Current Ratio vs Free Cash Flow per Share Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Innovative Industrial Current Ratio account and Free Cash Flow per Share. At this time, the significance of the direction appears to have pay attention.
The correlation between Innovative Industrial's Current Ratio and Free Cash Flow per Share is -0.73. Overlapping area represents the amount of variation of Current Ratio that can explain the historical movement of Free Cash Flow per Share in the same time period over historical financial statements of Innovative Industrial Properties, assuming nothing else is changed. The correlation between historical values of Innovative Industrial's Current Ratio and Free Cash Flow per Share is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Current Ratio of Innovative Industrial Properties are associated (or correlated) with its Free Cash Flow per Share. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow per Share has no effect on the direction of Current Ratio i.e., Innovative Industrial's Current Ratio and Free Cash Flow per Share go up and down completely randomly.
Correlation Coefficient | -0.73 |
Relationship Direction | Negative |
Relationship Strength | Weak |
Current Ratio
A liquidity ratio that measures a company's ability to pay short-term obligations or those due within one year. It compares a firm's current assets to its current liabilities.Free Cash Flow Per Share
The amount of cash a company generates after accounting for capital expenditures, divided by the number of outstanding shares. It represents the cash available for dividends, share buybacks, or debt repayment per share.Most indicators from Innovative Industrial's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Innovative Industrial 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Innovative Industrial Properties. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in american community survey. As of 04/19/2024, Selling General Administrative is likely to grow to about 45 M, while Issuance Of Capital Stock is likely to drop slightly above 9.1 M.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 200.1M | 265.8M | 217.4M | 228.3M | Total Revenue | 204.6M | 276.4M | 309.5M | 325.0M |
Innovative Industrial fundamental ratios Correlations
Click cells to compare fundamentals
Innovative Industrial Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Innovative Industrial fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Common Stock Shares Outstanding | 10.7M | 19.6M | 26.3M | 27.7M | 28.3M | 15.4M | |
Total Assets | 745.9M | 1.8B | 2.1B | 2.4B | 2.4B | 1.4B | |
Other Current Liab | 13.0M | 30.1M | 38.8M | 50.8M | 47.4M | 49.8M | |
Total Current Liabilities | 62.0M | 105.4M | 145.6M | 149.5M | 132.2M | 85.4M | |
Total Stockholder Equity | 548.0M | 1.5B | 1.6B | 2.0B | 2.0B | 1.1B | |
Other Liab | 45.6M | 70.7M | 100.2M | 88.1M | 101.3M | 50.8M | |
Net Tangible Assets | 534.0M | 1.5B | 1.6B | 1.9B | 2.2B | 2.3B | |
Current Deferred Revenue | 20.6M | 34.2M | 52.8M | 58.7M | 59.4M | 33.2M | |
Net Debt | 53.6M | 11.7M | 245.0M | 214.4M | 160.7M | 152.6M | |
Retained Earnings | (19.9M) | (48.1M) | (75.2M) | (117.4M) | (156.9M) | (149.0M) | |
Accounts Payable | 28.4M | 41.1M | 54.0M | 40.0M | 21.0M | 26.1M | |
Cash | 82.2M | 126.0M | 81.1M | 87.1M | 141.7M | 79.2M | |
Non Current Assets Total | 628.5M | 1.6B | 2.0B | 2.3B | 2.2B | 1.2B | |
Non Currrent Assets Other | 507.7M | 1.0B | 10.0M | 2.1B | 14.1M | 13.4M | |
Other Assets | 1.9M | 1.6B | 2.1B | 2.1B | 2.2B | 2.4B | |
Cash And Short Term Investments | 82.2M | 126.0M | 81.1M | 87.1M | 163.6M | 98.8M | |
Common Stock Total Equity | 10K | 13K | 24K | 26K | 29.9K | 31.4K | |
Short Term Investments | 119.6M | 619.3M | 324.9M | 200.9M | 21.9M | 20.9M | |
Liabilities And Stockholders Equity | 745.9M | 1.8B | 2.1B | 2.4B | 2.4B | 1.4B | |
Non Current Liabilities Total | 135.9M | 137.8M | 327.3M | 303.4M | 305.9M | 168.3M | |
Capital Surpluse | 553.9M | 1.6B | 1.7B | 2.1B | 2.4B | 2.5B | |
Other Stockholder Equity | 553.9M | 1.6B | 1.7B | 2.1B | 2.1B | 1.1B | |
Total Liab | 197.8M | 243.1M | 472.9M | 452.9M | 438.1M | 251.8M | |
Total Current Assets | 117.3M | 126.0M | 99.3M | 106.6M | 163.7M | 108.9M | |
Non Current Liabilities Other | 46.8M | 71.7M | 100.2M | 1.9M | 5.1M | 4.8M | |
Common Stock | 13K | 24K | 26K | 28K | 32.2K | 18.7K | |
Property Plant Equipment | 505.9M | 1.0B | 1.6B | 2.1B | 2.4B | 2.5B | |
Net Invested Capital | 668.7M | 1.6B | 1.9B | 2.2B | 2.2B | 1.4B | |
Net Working Capital | 76.0M | 54.8M | (46.3M) | (43.0M) | 31.5M | 23.8M | |
Long Term Investments | 119.6M | 619.3M | 12.9M | 200.9M | 21.9M | 20.9M |
Innovative Industrial Investors Sentiment
The influence of Innovative Industrial'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 Innovative. 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 Innovative Industrial's public news can be used to forecast risks associated with an investment in Innovative. The trend in average sentiment can be used to explain how an investor holding Innovative can time the market purely based on public headlines and social activities around Innovative Industrial Properties. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Innovative Industrial'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 Innovative Industrial'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 Innovative Industrial's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Innovative Industrial.
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 Innovative Industrial 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, Innovative Industrial's short interest history, or implied volatility extrapolated from Innovative Industrial options trading.
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When running Innovative Industrial's price analysis, check to measure Innovative Industrial'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 Innovative Industrial is operating at the current time. Most of Innovative Industrial's value examination focuses on studying past and present price action to predict the probability of Innovative Industrial's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Innovative Industrial's price. Additionally, you may evaluate how the addition of Innovative Industrial to your portfolios can decrease your overall portfolio volatility.
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Is Innovative Industrial'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 Innovative Industrial. If investors know Innovative 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 Innovative Industrial 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) | Dividend Share 7.22 | Earnings Share 5.77 | Revenue Per Share 11.063 | Quarterly Revenue Growth 0.123 |
The market value of Innovative Industrial is measured differently than its book value, which is the value of Innovative that is recorded on the company's balance sheet. Investors also form their own opinion of Innovative Industrial's value that differs from its market value or its book value, called intrinsic value, which is Innovative Industrial'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 Innovative Industrial's market value can be influenced by many factors that don't directly affect Innovative Industrial'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 Innovative Industrial's value and its price as these two are different measures arrived at by different means. Investors typically determine if Innovative Industrial is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Innovative Industrial'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.