Varex Net Working Capital vs Long Term Debt Analysis
VREX Stock | USD 15.01 0.04 0.27% |
Varex Imaging financial indicator trend analysis is much more than just breaking down Varex Imaging Corp prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Varex Imaging Corp is a good investment. Please check the relationship between Varex Imaging Net Working Capital and its Long Term Debt accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Varex Imaging Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income.
Net Working Capital vs Long Term Debt
Net Working Capital vs Long Term Debt Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Varex Imaging Corp Net Working Capital account and Long Term Debt. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Varex Imaging's Net Working Capital and Long Term Debt is 0.49. Overlapping area represents the amount of variation of Net Working Capital that can explain the historical movement of Long Term Debt in the same time period over historical financial statements of Varex Imaging Corp, assuming nothing else is changed. The correlation between historical values of Varex Imaging's Net Working Capital and Long Term Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Working Capital of Varex Imaging Corp are associated (or correlated) with its Long Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Long Term Debt has no effect on the direction of Net Working Capital i.e., Varex Imaging's Net Working Capital and Long Term Debt go up and down completely randomly.
Correlation Coefficient | 0.49 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Net Working Capital
Long Term Debt
Long-term debt is a debt that Varex Imaging Corp has held for over one year. Long-term debt appears on Varex Imaging Corp balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on Varex Imaging Corp balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.Most indicators from Varex Imaging's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Varex Imaging Corp 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Varex Imaging Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income. Selling General Administrative is likely to drop to about 124.3 M in 2024. Tax Provision is likely to rise to about (14.9 M) in 2024
2021 | 2022 | 2023 | 2024 (projected) | Total Revenue | 859.4M | 893.4M | 1.0B | 816.9M | Interest Expense | 39.8M | 29.3M | 33.7M | 20.2M |
Varex Imaging fundamental ratios Correlations
Click cells to compare fundamentals
Varex Imaging Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Varex Imaging fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Common Stock Shares Outstanding | 38.8M | 40.3M | 41.6M | 50.3M | 57.8M | 44.0M | |
Total Assets | 1.1B | 1.1B | 1.2B | 1.2B | 1.4B | 1.0B | |
Other Current Liab | 70.5M | 89.7M | 81.4M | 82.6M | 95.0M | 63.0M | |
Total Current Liabilities | 160.6M | 166.6M | 173.1M | 162.8M | 187.2M | 150.5M | |
Total Stockholder Equity | 451.7M | 483.3M | 533.4M | 567.7M | 652.9M | 512.3M | |
Other Liab | 40.2M | 36.8M | 37.2M | 34.3M | 39.4M | 29.0M | |
Net Tangible Assets | 108.8M | 67.8M | 91.1M | 215.3M | 193.8M | 156M | |
Property Plant And Equipment Net | 142.3M | 172.9M | 164.5M | 172.6M | 198.5M | 151.6M | |
Current Deferred Revenue | 8.6M | 9.1M | 7.4M | 10.2M | 11.7M | 10.4M | |
Net Debt | 383.9M | 314.8M | 347M | 316.9M | 364.4M | 265.0M | |
Accounts Payable | 72.9M | 58.8M | 78.2M | 64.7M | 74.4M | 65.4M | |
Cash | 100.6M | 144.6M | 89.4M | 152.6M | 175.5M | 184.3M | |
Non Current Assets Total | 617.5M | 593.3M | 574.5M | 591.3M | 680.0M | 521.9M | |
Other Assets | 11M | 27.5M | 32.7M | (13.2M) | (15.2M) | (14.4M) | |
Cash And Short Term Investments | 100.6M | 144.6M | 89.4M | 152.6M | 175.5M | 184.3M | |
Net Receivables | 141M | 123.8M | 155.3M | 173.3M | 188.1M | 158.8M | |
Good Will | 293.1M | 292.2M | 284.5M | 288.5M | 331.8M | 233.2M | |
Liabilities And Stockholders Equity | 1.1B | 1.1B | 1.2B | 1.2B | 1.4B | 1.0B | |
Non Current Liabilities Total | 513.1M | 484.4M | 464.6M | 505.8M | 581.7M | 362.0M | |
Inventory | 271.9M | 224.8M | 303.2M | 277.5M | 319.1M | 254.0M | |
Other Current Assets | 25.7M | 29.5M | 44M | 64.6M | 74.3M | 78.0M | |
Other Stockholder Equity | 433.6M | 449.4M | 469.1M | 450.4M | 518.0M | 466.9M | |
Total Liab | 673.7M | 651M | 637.7M | 668.6M | 768.9M | 512.5M | |
Property Plant And Equipment Gross | 142.3M | 172.9M | 164.5M | 172.6M | 198.5M | 151.6M | |
Total Current Assets | 522M | 554.2M | 609.9M | 658.3M | 757.0M | 515.3M | |
Intangible Assets | 67.5M | 50.7M | 33.6M | 22.4M | 25.8M | 24.5M | |
Property Plant Equipment | 144.9M | 142.3M | 172.9M | 164.5M | 189.2M | 148.4M | |
Non Currrent Assets Other | 32.2M | 32.6M | 43.2M | 37.5M | 43.1M | 45.3M | |
Short Term Debt | 8.6M | 9M | 6.1M | 5.3M | 4.8M | 9.4M | |
Non Current Liabilities Other | 24.5M | 31.8M | 33.8M | 41.6M | 47.8M | 50.2M | |
Short Long Term Debt Total | 484.5M | 459.4M | 436.4M | 469.5M | 539.9M | 490.1M | |
Noncontrolling Interest In Consolidated Entity | 3.3M | 14.1M | 13.2M | 13.3M | 15.3M | 8.4M | |
Retained Earnings | 16.9M | 33.5M | 63.8M | 118.1M | 135.8M | 142.6M | |
Long Term Debt | 452.8M | 431.7M | 412.3M | 441.1M | 507.3M | 460.6M | |
Retained Earnings Total Equity | 74.4M | 16.1M | 33.5M | 63.8M | 57.4M | 38.0M |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Varex Imaging Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Varex Imaging's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Varex Imaging Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Varex Imaging Corp Stock:Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Varex Imaging Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income. Note that the Varex Imaging Corp information on this page should be used as a complementary analysis to other Varex Imaging'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 the Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.
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Is Varex Imaging'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 Varex Imaging. If investors know Varex 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 Varex Imaging 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 (0.70) | Earnings Share 0.92 | Revenue Per Share 21.131 | Quarterly Revenue Growth (0.1) | Return On Assets 0.0309 |
The market value of Varex Imaging Corp is measured differently than its book value, which is the value of Varex that is recorded on the company's balance sheet. Investors also form their own opinion of Varex Imaging's value that differs from its market value or its book value, called intrinsic value, which is Varex Imaging'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 Varex Imaging's market value can be influenced by many factors that don't directly affect Varex Imaging'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 Varex Imaging's value and its price as these two are different measures arrived at by different means. Investors typically determine if Varex Imaging is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Varex Imaging'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.