Orthofix Other Current Assets vs Cash Analysis

OFIX Stock  USD 16.35  0.01  0.06%   
Orthofix Medical financial indicator trend analysis is much more than just breaking down Orthofix Medical prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Orthofix Medical is a good investment. Please check the relationship between Orthofix Medical Other Current Assets and its Cash accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Orthofix Medical. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.
For more information on how to buy Orthofix Stock please use our How to Invest in Orthofix Medical guide.

Other Current Assets vs Cash

Other Current Assets vs Cash Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Orthofix Medical Other Current Assets account and Cash. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Orthofix Medical's Other Current Assets and Cash is -0.2. Overlapping area represents the amount of variation of Other Current Assets that can explain the historical movement of Cash in the same time period over historical financial statements of Orthofix Medical, assuming nothing else is changed. The correlation between historical values of Orthofix Medical's Other Current Assets and Cash is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Current Assets of Orthofix Medical are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Other Current Assets i.e., Orthofix Medical's Other Current Assets and Cash go up and down completely randomly.

Correlation Coefficient

-0.2
Relationship DirectionNegative 
Relationship StrengthInsignificant

Other Current Assets

Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.

Cash

Cash refers to the most liquid asset of Orthofix Medical, which is listed under current asset account on Orthofix Medical balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Orthofix Medical customers. The amounts must be unrestricted with restricted cash listed in a different Orthofix Medical account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.
Most indicators from Orthofix Medical's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Orthofix Medical 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in Orthofix Medical. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.
For more information on how to buy Orthofix Stock please use our How to Invest in Orthofix Medical guide.At this time, Orthofix Medical's Issuance Of Capital Stock is fairly stable compared to the past year. Sales General And Administrative To Revenue is likely to rise to 0.25 in 2024, whereas Selling General Administrative is likely to drop slightly above 87.6 M in 2024.
 2021 2022 2023 2024 (projected)
Gross Profit349.6M337.2M468.9M258.6M
Total Revenue464.5M460.7M746.6M784.0M

Orthofix Medical fundamental ratios Correlations

0.920.470.850.780.950.990.51-0.780.98-0.030.950.1-0.030.320.510.980.080.990.50.870.460.180.860.690.73
0.920.690.790.940.950.910.66-0.580.920.030.970.090.030.620.750.940.40.90.750.760.690.460.840.740.68
0.470.690.380.830.450.490.91-0.320.48-0.270.640.16-0.270.750.950.530.830.440.920.360.640.930.480.350.46
0.850.790.380.710.820.80.33-0.560.780.090.80.170.090.30.40.80.150.810.450.730.450.090.660.680.61
0.780.940.830.710.80.770.72-0.50.780.090.90.250.090.660.850.810.590.760.870.660.680.680.760.640.58
0.950.950.450.820.80.920.44-0.580.940.090.92-0.030.090.490.530.950.170.940.550.790.630.170.810.80.71
0.990.910.490.80.770.920.55-0.820.98-0.060.950.13-0.060.30.540.980.070.990.510.870.420.210.880.650.73
0.510.660.910.330.720.440.55-0.430.54-0.570.610.04-0.570.650.840.580.680.490.740.430.460.840.470.190.37
-0.78-0.58-0.32-0.56-0.5-0.58-0.82-0.43-0.810.13-0.73-0.360.130.11-0.32-0.760.21-0.83-0.27-0.860.0-0.13-0.81-0.34-0.6
0.980.920.480.780.780.940.980.54-0.81-0.010.940.15-0.010.350.530.990.080.990.520.920.460.230.90.690.73
-0.030.03-0.270.090.090.09-0.06-0.570.13-0.010.050.341.0-0.14-0.13-0.06-0.20.00.00.020.08-0.220.160.310.0
0.950.970.640.80.90.920.950.61-0.730.940.050.230.050.450.70.950.250.950.690.810.530.40.920.680.7
0.10.090.160.170.25-0.030.130.04-0.360.150.340.230.34-0.250.20.12-0.050.130.220.22-0.180.190.33-0.030.06
-0.030.03-0.270.090.090.09-0.06-0.570.13-0.011.00.050.34-0.14-0.13-0.06-0.20.00.00.020.08-0.220.160.310.0
0.320.620.750.30.660.490.30.650.110.35-0.140.45-0.25-0.140.780.410.820.280.80.190.880.670.270.540.41
0.510.750.950.40.850.530.540.84-0.320.53-0.130.70.2-0.130.780.580.760.490.970.370.730.850.580.480.55
0.980.940.530.80.810.950.980.58-0.760.99-0.060.950.12-0.060.410.580.150.980.560.870.520.260.880.690.72
0.080.40.830.150.590.170.070.680.210.08-0.20.25-0.05-0.20.820.760.150.020.78-0.040.680.840.010.230.14
0.990.90.440.810.760.940.990.49-0.830.990.00.950.130.00.280.490.980.020.480.910.420.170.90.690.73
0.50.750.920.450.870.550.510.74-0.270.520.00.690.220.00.80.970.560.780.480.380.810.810.560.60.61
0.870.760.360.730.660.790.870.43-0.860.920.020.810.220.020.190.370.87-0.040.910.380.310.160.850.630.66
0.460.690.640.450.680.630.420.460.00.460.080.53-0.180.080.880.730.520.680.420.810.310.470.360.810.65
0.180.460.930.090.680.170.210.84-0.130.23-0.220.40.19-0.220.670.850.260.840.170.810.160.470.30.090.16
0.860.840.480.660.760.810.880.47-0.810.90.160.920.330.160.270.580.880.010.90.560.850.360.30.60.65
0.690.740.350.680.640.80.650.19-0.340.690.310.68-0.030.310.540.480.690.230.690.60.630.810.090.60.83
0.730.680.460.610.580.710.730.37-0.60.730.00.70.060.00.410.550.720.140.730.610.660.650.160.650.83
Click cells to compare fundamentals

Orthofix Medical Account Relationship Matchups

Orthofix Medical fundamental ratios Accounts

201920202021202220232024 (projected)
Common Stock Shares Outstanding18.9M19.4M19.7M20.1M36.7M38.6M
Total Assets495.6M525.9M476.6M458.6M925.3M971.6M
Other Current Liab64.7M24.7M72.0M55.4M101.4M106.5M
Total Current Liabilities84.9M103.9M105.8M83.6M165.2M173.5M
Total Stockholder Equity327.6M356.9M336.9M336.9M598.7M628.7M
Property Plant And Equipment Net62.7M63.6M59.3M58.2M178.9M187.9M
Net Debt(48.7M)(71.4M)(65.4M)(30.8M)96.4M101.3M
Retained Earnings57.7M59.4M21M1.3M(150.1M)(142.6M)
Accounts Payable19.9M23.1M26.5M27.6M58.4M61.3M
Cash69.7M96.3M87.8M50.7M37.8M39.8M
Non Current Assets Total235.1M255.5M207.1M202.6M504.9M530.1M
Non Currrent Assets Other11.9M17.3M16.7M25.7M11.1M11.7M
Cash And Short Term Investments69.7M96.3M87.8M50.7M37.8M39.8M
Net Receivables86.8M72.4M78.6M82.9M128.1M79.5M
Liabilities And Stockholders Equity495.6M525.9M476.6M458.6M925.3M971.6M
Non Current Liabilities Total83.1M65.1M33.9M38.1M161.4M92.9M
Inventory82.4M84.6M83.0M100.2M222.2M233.3M
Other Current Assets20.9M16.5M20.1M22.3M32.4M20.9M
Other Stockholder Equity271.0M292.3M314.0M335.0M746.5M783.8M
Total Liab168.0M169.0M139.7M121.8M326.6M165.1M
Property Plant And Equipment Gross62.7M63.6M242.2M221.2M347.7M365.1M
Total Current Assets260.6M270.4M269.5M256.0M420.4M217.2M
Accumulated Other Comprehensive Income3.3M(3.0M)3.3M(1.4M)(1.3M)(1.2M)
Short Term Debt323K2.6M2.6M652K5.4M4.7M
Intangible Assets54.1M60.5M52.7M47.4M117.5M123.4M
Common Stock Total Equity1.9M1.9M2.0M2.0M2.3M1.9M
Common Stock1.9M1.9M2.0M2.0M3.7M2.0M
Other Liab58.4M39.8M14.0M13.5M15.6M16.4M
Other Assets41.0M47.3M23.9M12.8M14.8M28.8M
Good Will72.4M71.2M84.0M71.3M194.9M98.1M
Property Plant Equipment62.7M63.6M59.3M58.2M67.0M43.5M
Net Tangible Assets202.3M212.3M213.0M218.2M250.9M234.7M
Retained Earnings Total Equity57.7M59.4M21M1.3M1.1M1.1M
Capital Surpluse271.0M292.3M314.0M335.0M385.2M280.6M

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