ImmunovantInc Current Ratio vs Free Cash Flow per Share Analysis
IMVT Stock | USD 28.74 0.52 1.84% |
ImmunovantInc financial indicator trend analysis is infinitely more than just investigating ImmunovantInc recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether ImmunovantInc is a good investment. Please check the relationship between ImmunovantInc 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 ImmunovantInc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in real. For more information on how to buy ImmunovantInc Stock please use our How to Invest in ImmunovantInc guide.
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 ImmunovantInc Current Ratio account and Free Cash Flow per Share. At this time, the significance of the direction appears to have strong relationship.
The correlation between ImmunovantInc's Current Ratio and Free Cash Flow per Share is 0.63. 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 ImmunovantInc, assuming nothing else is changed. The correlation between historical values of ImmunovantInc'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 ImmunovantInc 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., ImmunovantInc's Current Ratio and Free Cash Flow per Share go up and down completely randomly.
Correlation Coefficient | 0.63 |
Relationship Direction | Positive |
Relationship Strength | Significant |
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 ImmunovantInc's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into ImmunovantInc 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 ImmunovantInc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in real. For more information on how to buy ImmunovantInc Stock please use our How to Invest in ImmunovantInc guide.At this time, ImmunovantInc's Tax Provision is comparatively stable compared to the past year. Issuance Of Capital Stock is likely to gain to about 78.1 M in 2024, whereas Selling General Administrative is likely to drop slightly above 30.1 M in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Total Operating Expenses | 156.0M | 208.3M | 239.5M | 123.8M | Research Development | 101.8M | 160.3M | 184.3M | 98.9M |
ImmunovantInc fundamental ratios Correlations
Click cells to compare fundamentals
ImmunovantInc Account Relationship Matchups
High Positive Relationship
High Negative Relationship
ImmunovantInc fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 109.4M | 412.5M | 515.6M | 405.8M | 466.7M | 264.7M | |
Total Current Liabilities | 15.3M | 18.8M | 44.5M | 43.3M | 49.8M | 52.3M | |
Total Stockholder Equity | 94.1M | 391.5M | 469.8M | 362.5M | 416.9M | 241.3M | |
Net Tangible Assets | 94.1M | 391.5M | 469.8M | 362.5M | 416.9M | 242.7M | |
Accounts Payable | 1.2M | 2.4M | 18.6M | 1.4M | 1.6M | 1.5M | |
Common Stock Shares Outstanding | 43.2M | 87.8M | 109.7M | 123.1M | 141.5M | 148.6M | |
Other Stockholder Equity | 185.3M | 590.4M | 824.8M | 928.0M | 1.1B | 1.1B | |
Total Liab | 15.3M | 21.0M | 45.7M | 43.3M | 49.8M | 52.3M | |
Total Current Assets | 109.1M | 409.0M | 512.9M | 404.3M | 465.0M | 263.2M | |
Short Long Term Debt Total | 3.2M | 3.4M | 2.4M | 1.2M | 1.4M | 2.3M | |
Other Current Liab | 14.1M | 15.2M | 24.7M | 40.8M | 46.9M | 49.2M | |
Property Plant And Equipment Net | 65K | 3.5M | 2.6M | 1.5M | 1.7M | 1.7M | |
Net Debt | (97.4M) | (396.7M) | (491.5M) | (375.3M) | (337.8M) | (354.7M) | |
Retained Earnings | (91.2M) | (198.7M) | (355.4M) | (566.3M) | (509.7M) | (484.2M) | |
Cash | 100.6M | 400.1M | 493.8M | 376.5M | 433.0M | 301.7M | |
Non Current Assets Total | 311K | 3.5M | 2.6M | 1.5M | 1.7M | 1.8M | |
Cash And Short Term Investments | 100.6M | 400.1M | 493.8M | 376.5M | 433.0M | 301.7M | |
Net Receivables | 3.0M | 548K | 12.9M | 885K | 1.0M | 966.9K | |
Common Stock Total Equity | 5K | 10K | 12K | 13K | 15.0K | 8.9K | |
Liabilities And Stockholders Equity | 109.4M | 412.5M | 515.6M | 405.8M | 466.7M | 317.6M | |
Non Current Liabilities Total | 14.1M | 2.2M | 1.2M | 47K | 42.3K | 40.2K | |
Capital Surpluse | 185.3M | 590.4M | 824.8M | 928.0M | 1.1B | 556.3M | |
Other Current Assets | 5.5M | 8.3M | 6.3M | 26.9M | 31.0M | 32.5M | |
Net Invested Capital | 94.1M | 391.5M | 469.8M | 362.5M | 416.9M | 290.0M | |
Capital Stock | 5K | 10K | 12K | 13K | 15.0K | 8.9K | |
Net Working Capital | 93.8M | 390.2M | 468.4M | 361.0M | 415.2M | 288.9M | |
Short Term Debt | 3.2M | 1.2M | 1.1M | 1.2M | 1.1M | 1.1M | |
Common Stock | 5K | 10K | 12K | 13K | 15.0K | 8.9K | |
Property Plant Equipment | 65K | 201K | 330K | 333K | 383.0K | 216.3K |
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Try AI Portfolio ArchitectCheck out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in ImmunovantInc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in real. For more information on how to buy ImmunovantInc Stock please use our How to Invest in ImmunovantInc guide.You can also try the Fundamental Analysis module to view fundamental data based on most recent published financial statements.
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Is ImmunovantInc'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 ImmunovantInc. If investors know ImmunovantInc 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 ImmunovantInc listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (1.81) | Return On Assets (0.27) | Return On Equity (0.45) |
The market value of ImmunovantInc is measured differently than its book value, which is the value of ImmunovantInc that is recorded on the company's balance sheet. Investors also form their own opinion of ImmunovantInc's value that differs from its market value or its book value, called intrinsic value, which is ImmunovantInc'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 ImmunovantInc's market value can be influenced by many factors that don't directly affect ImmunovantInc'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 ImmunovantInc's value and its price as these two are different measures arrived at by different means. Investors typically determine if ImmunovantInc is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ImmunovantInc'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.