RadNet Short Term Debt vs Short Long Term Debt Total Analysis

RDNT Stock

USD 58.87 0.23 0.39%

RadNet financial indicator trend analysis is much more than just breaking down RadNet Inc prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether RadNet Inc is a good investment. Please check the relationship between RadNet Short Term Debt and its Short Long Term Debt Total accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in RadNet Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.

Short Term Debt vs Short Long Term Debt Total

Short Term Debt vs Short Long Term Debt Total Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of RadNet Inc Short Term Debt account and Short Long Term Debt Total. At this time, the significance of the direction appears to have strong relationship.

The correlation between RadNet's Short Term Debt and Short Long Term Debt Total is 0.74. Overlapping area represents the amount of variation of Short Term Debt that can explain the historical movement of Short Long Term Debt Total in the same time period over historical financial statements of RadNet Inc, assuming nothing else is changed. The correlation between historical values of RadNet's Short Term Debt and Short Long Term Debt Total is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Short Term Debt of RadNet Inc are associated (or correlated) with its Short Long Term Debt Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Long Term Debt Total has no effect on the direction of Short Term Debt i.e., RadNet's Short Term Debt and Short Long Term Debt Total go up and down completely randomly.

Correlation Coefficient

0.74

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Short Term Debt

Short Long Term Debt Total

Most indicators from RadNet's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into RadNet 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. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in RadNet Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.

At this time, RadNet's Selling General Administrative is comparatively stable compared to the past year. Issuance Of Capital Stock is likely to gain to about 258.1 M in 2024, whereas Tax Provision is likely to drop slightly above 9.3 M in 2024.

	2021	2022	2023	2024 (projected)
Interest Expense	48.8M	50.8M	64.5M	36.6M
Depreciation And Amortization	182.2M	196.8M	189.5M	199.0M

Interest Expense Depreciation And Amortization

RadNet fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Total Equity	Common Stock Shares Outstanding	Short Term Investments	Non Current Liabilities Total	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt
Total Assets		0.97	0.77	0.97	0.95	0.98	0.27	0.91	0.75	0.53	0.91	1.0	-0.03	0.91	0.37	0.98	-0.39	0.66	0.87	0.99	0.83	0.94	0.99	0.97	0.95	0.66
Short Long Term Debt Total	0.97		0.62	0.98	0.85	0.98	0.31	0.98	0.7	0.67	0.8	0.98	-0.09	0.8	0.46	0.96	-0.49	0.72	0.86	0.99	0.86	0.84	0.99	0.91	0.87	0.74
Other Current Liab	0.77	0.62		0.61	0.91	0.66	0.01	0.47	0.53	-0.12	0.94	0.73	0.29	0.94	0.07	0.72	-0.14	0.28	0.56	0.72	0.47	0.94	0.69	0.88	0.9	0.21
Total Current Liabilities	0.97	0.98	0.61		0.86	0.98	0.4	0.95	0.76	0.69	0.8	0.98	-0.11	0.8	0.41	0.97	-0.41	0.71	0.91	0.96	0.86	0.84	0.98	0.89	0.85	0.79
Total Stockholder Equity	0.95	0.85	0.91	0.86		0.88	0.15	0.74	0.77	0.27	0.97	0.93	0.07	0.97	0.21	0.92	-0.21	0.5	0.8	0.9	0.71	0.99	0.9	0.98	0.96	0.49
Property Plant And Equipment Net	0.98	0.98	0.66	0.98	0.88		0.35	0.95	0.77	0.62	0.85	0.99	-0.08	0.84	0.32	0.96	-0.33	0.64	0.9	0.98	0.81	0.87	0.98	0.94	0.87	0.75
Current Deferred Revenue	0.27	0.31	0.01	0.4	0.15	0.35		0.32	0.26	0.32	0.2	0.29	0.18	0.2	-0.11	0.25	-0.01	0.16	0.39	0.27	0.08	0.14	0.3	0.23	0.13	0.59
Net Debt	0.91	0.98	0.47	0.95	0.74	0.95	0.32		0.64	0.77	0.67	0.93	-0.16	0.67	0.52	0.91	-0.55	0.76	0.84	0.95	0.88	0.73	0.96	0.81	0.78	0.78
Retained Earnings	0.75	0.7	0.53	0.76	0.77	0.77	0.26	0.64		0.44	0.67	0.76	-0.04	0.67	0.04	0.76	0.12	0.41	0.83	0.68	0.61	0.68	0.71	0.72	0.62	0.67
Accounts Payable	0.53	0.67	-0.12	0.69	0.27	0.62	0.32	0.77	0.44		0.16	0.57	-0.53	0.15	0.55	0.58	-0.46	0.7	0.6	0.58	0.7	0.24	0.61	0.33	0.3	0.68
Cash	0.91	0.8	0.94	0.8	0.97	0.85	0.2	0.67	0.67	0.16		0.89	0.16	1.0	0.13	0.86	-0.17	0.42	0.71	0.87	0.6	0.98	0.86	0.97	0.95	0.43
Non Current Assets Total	1.0	0.98	0.73	0.98	0.93	0.99	0.29	0.93	0.76	0.57	0.89		-0.06	0.88	0.36	0.98	-0.38	0.66	0.89	0.99	0.84	0.92	0.99	0.96	0.92	0.69
Non Currrent Assets Other	-0.03	-0.09	0.29	-0.11	0.07	-0.08	0.18	-0.16	-0.04	-0.53	0.16	-0.06		0.16	-0.25	-0.08	0.0	-0.15	0.05	-0.05	-0.14	0.08	-0.07	0.09	0.08	0.04
Cash And Short Term Investments	0.91	0.8	0.94	0.8	0.97	0.84	0.2	0.67	0.67	0.15	1.0	0.88	0.16		0.13	0.86	-0.17	0.42	0.71	0.86	0.59	0.98	0.85	0.97	0.95	0.43
Net Receivables	0.37	0.46	0.07	0.41	0.21	0.32	-0.11	0.52	0.04	0.55	0.13	0.36	-0.25	0.13		0.39	-0.83	0.88	0.21	0.44	0.63	0.24	0.43	0.23	0.39	0.33
Good Will	0.98	0.96	0.72	0.97	0.92	0.96	0.25	0.91	0.76	0.58	0.86	0.98	-0.08	0.86	0.39		-0.42	0.65	0.9	0.97	0.88	0.91	0.98	0.93	0.92	0.65
Common Stock Total Equity	-0.39	-0.49	-0.14	-0.41	-0.21	-0.33	-0.01	-0.55	0.12	-0.46	-0.17	-0.38	0.0	-0.17	-0.83	-0.42		-0.69	-0.22	-0.48	-0.6	-0.27	-0.47	-0.26	-0.43	-0.23
Common Stock Shares Outstanding	0.66	0.72	0.28	0.71	0.5	0.64	0.16	0.76	0.41	0.7	0.42	0.66	-0.15	0.42	0.88	0.65	-0.69		0.57	0.69	0.78	0.5	0.7	0.52	0.6	0.65
Short Term Investments	0.87	0.86	0.56	0.91	0.8	0.9	0.39	0.84	0.83	0.6	0.71	0.89	0.05	0.71	0.21	0.9	-0.22	0.57		0.84	0.8	0.76	0.86	0.82	0.72	0.79
Non Current Liabilities Total	0.99	0.99	0.72	0.96	0.9	0.98	0.27	0.95	0.68	0.58	0.87	0.99	-0.05	0.86	0.44	0.97	-0.48	0.69	0.84		0.85	0.91	1.0	0.95	0.93	0.67
Other Current Assets	0.83	0.86	0.47	0.86	0.71	0.81	0.08	0.88	0.61	0.7	0.6	0.84	-0.14	0.59	0.63	0.88	-0.6	0.78	0.8	0.85		0.7	0.86	0.72	0.77	0.63
Other Stockholder Equity	0.94	0.84	0.94	0.84	0.99	0.87	0.14	0.73	0.68	0.24	0.98	0.92	0.08	0.98	0.24	0.91	-0.27	0.5	0.76	0.91	0.7		0.9	0.98	0.98	0.44
Total Liab	0.99	0.99	0.69	0.98	0.9	0.98	0.3	0.96	0.71	0.61	0.86	0.99	-0.07	0.85	0.43	0.98	-0.47	0.7	0.86	1.0	0.86	0.9		0.94	0.92	0.7
Property Plant And Equipment Gross	0.97	0.91	0.88	0.89	0.98	0.94	0.23	0.81	0.72	0.33	0.97	0.96	0.09	0.97	0.23	0.93	-0.26	0.52	0.82	0.95	0.72	0.98	0.94		0.96	0.57
Total Current Assets	0.95	0.87	0.9	0.85	0.96	0.87	0.13	0.78	0.62	0.3	0.95	0.92	0.08	0.95	0.39	0.92	-0.43	0.6	0.72	0.93	0.77	0.98	0.92	0.96		0.46
Short Term Debt	0.66	0.74	0.21	0.79	0.49	0.75	0.59	0.78	0.67	0.68	0.43	0.69	0.04	0.43	0.33	0.65	-0.23	0.65	0.79	0.67	0.63	0.44	0.7	0.57	0.46

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RadNet Account Relationship Matchups

RadNet fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.6B	1.8B	2.1B	2.4B	2.9B	3.0B
Short Long Term Debt Total	1.2B	1.2B	1.4B	1.5B	1.5B	1.6B
Other Current Liab	14.3M	14.0M	23.5M	23.1M	236.0M	247.8M
Total Current Liabilities	326.0M	398.1M	374.8M	466.7M	437.5M	459.3M
Total Stockholder Equity	151.7M	165.7M	228.9M	333.0M	630.7M	662.2M
Property Plant And Equipment Net	812.2M	883.0M	1.1B	1.2B	1.2B	1.3B
Current Deferred Revenue	1.3M	39.3M	10.7M	4.0M	4.6M	6.7M
Net Debt	1.1B	1.1B	1.3B	1.4B	1.1B	1.2B
Retained Earnings	(103.2M)	(118.0M)	(93.3M)	(82.6M)	(79.6M)	(83.6M)
Accounts Payable	206.2M	236.7M	263.9M	369.6M	122.9M	95.8M
Cash	40.2M	102.0M	134.6M	127.8M	342.6M	359.7M
Non Current Assets Total	1.4B	1.5B	1.7B	2.1B	2.3B	2.4B
Non Currrent Assets Other	38.6M	38.8M	38.2M	(160.9M)	48.0M	50.4M
Cash And Short Term Investments	40.2M	102.0M	134.6M	127.8M	342.6M	359.7M
Net Receivables	156.0M	135.4M	140.4M	185.3M	189.0M	99.6M
Good Will	441.0M	472.9M	513.8M	677.7M	679.5M	811.6M
Common Stock Shares Outstanding	50.2M	50.9M	53.4M	57.3M	64.7M	38.4M
Liabilities And Stockholders Equity	1.6B	1.8B	2.1B	2.4B	2.9B	3.0B
Non Current Liabilities Total	1.1B	1.1B	1.3B	1.5B	1.6B	1.7B
Other Current Assets	43.6M	33.0M	49.2M	54.0M	47.7M	50.0M
Other Stockholder Equity	262.9M	307.8M	342.6M	436.3M	722.8M	758.9M
Total Liab	1.4B	1.5B	1.7B	1.9B	2.1B	2.2B
Property Plant And Equipment Gross	812.2M	883.0M	1.1B	1.2B	2.0B	2.1B
Total Current Assets	241.8M	270.4M	324.3M	367.2M	579.3M	608.2M
Short Term Debt	104.2M	108.2M	76.6M	70.0M	74.0M	44.0M
Intangible Assets	43.0M	52.4M	56.6M	106.2M	90.6M	48.6M
Other Liab	9.5M	53.5M	16.4M	32.3M	37.1M	21.6M
Other Assets	73.1M	73.4M	53.0M	55.5M	63.8M	67.0M
Long Term Debt	652.7M	612.9M	743.5M	839.3M	812.1M	852.7M
Accumulated Other Comprehensive Income	(8.0M)	(24.1M)	(20.4M)	(20.7M)	(12.5M)	(13.1M)
Property Plant Equipment	366.7M	883.0M	1.1B	566.0M	650.9M	683.4M
Net Tangible Assets	(332.3M)	(359.5M)	(341.5M)	(450.9M)	(405.8M)	(385.5M)
Noncontrolling Interest In Consolidated Entity	81.5M	92.6M	117.3M	158.5M	182.2M	191.3M
Retained Earnings Total Equity	(103.2M)	(118.0M)	(93.3M)	(82.6M)	(74.4M)	(78.1M)
Long Term Debt Total	652.7M	612.9M	743.5M	839.3M	965.2M	1.0B

Pair Trading with RadNet

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 RadNet 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 RadNet will appreciate offsetting losses from the drop in the long position's value.

Moving against RadNet Stock

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0.82	CVS	CVS Health Corp Aggressive Push	Pair Corr
0.79	HEPA	Hepion Pharmaceuticals	Pair Corr
0.77	FENC	Fennec Pharmaceuticals	Pair Corr

The ability to find closely correlated positions to RadNet could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace RadNet 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 RadNet - 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 RadNet Inc to buy it.

The correlation of RadNet 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 RadNet moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if RadNet Inc 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 RadNet 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

Additional Tools for RadNet Stock Analysis

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

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