Zynex Net Tangible Assets vs Retained Earnings Analysis
ZYXI Stock | USD 10.15 0.23 2.32% |
Zynex financial indicator trend analysis is more than just analyzing Zynex Inc current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Zynex Inc is a good investment. Please check the relationship between Zynex Net Tangible Assets and its Retained Earnings accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Zynex 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 interest.
Net Tangible Assets vs Retained Earnings
Net Tangible Assets vs Retained Earnings Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Zynex Inc Net Tangible Assets account and Retained Earnings. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Zynex's Net Tangible Assets and Retained Earnings is 0.84. Overlapping area represents the amount of variation of Net Tangible Assets that can explain the historical movement of Retained Earnings in the same time period over historical financial statements of Zynex Inc, assuming nothing else is changed. The correlation between historical values of Zynex's Net Tangible Assets and Retained Earnings 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 Tangible Assets of Zynex Inc are associated (or correlated) with its Retained Earnings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Retained Earnings has no effect on the direction of Net Tangible Assets i.e., Zynex's Net Tangible Assets and Retained Earnings go up and down completely randomly.
Correlation Coefficient | 0.84 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Net Tangible Assets
The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.Retained Earnings
The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.Most indicators from Zynex's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Zynex 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 Current Watchlist to better understand how to build diversified portfolios, which includes a position in Zynex 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 interest. As of now, Zynex's Enterprise Value is increasing as compared to previous years.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 95K | 440K | 1.1M | 1.1M | Depreciation And Amortization | 2.3M | 3.1M | 4.2M | 4.4M |
Zynex fundamental ratios Correlations
Click cells to compare fundamentals
Zynex Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Zynex fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Common Stock Shares Outstanding | 37.4M | 38.4M | 43.1M | 39.1M | 36.1M | 30.4M | |
Total Assets | 28.3M | 72.2M | 133.3M | 116.5M | 141.1M | 148.1M | |
Total Stockholder Equity | 19.7M | 56.9M | 73.9M | 66.4M | 46.1M | 48.4M | |
Retained Earnings | 14.4M | 23.4M | 0.0 | 17.0M | 26.8M | 28.1M | |
Other Current Assets | 315K | 1.4M | 689K | 868K | 3.3M | 3.5M | |
Other Stockholder Equity | 5.4M | 33.4M | 73.9M | 49.3M | 19.3M | 10.8M | |
Total Current Assets | 22.6M | 63.0M | 82.7M | 69.6M | 87.9M | 92.2M | |
Liabilities And Stockholders Equity | 28.3M | 72.2M | 133.3M | 116.5M | 141.1M | 148.1M | |
Total Liab | 8.6M | 15.3M | 59.3M | 50.1M | 94.9M | 99.7M | |
Short Long Term Debt Total | 4.7M | 7.3M | 35.1M | 27.0M | 76.2M | 80.0M | |
Other Current Liab | 1.8M | 3.3M | 9.8M | 6.0M | 5.5M | 5.8M | |
Total Current Liabilities | 5.2M | 10.1M | 22.9M | 21.1M | 18.5M | 19.5M | |
Property Plant And Equipment Net | 4.7M | 7.9M | 18.5M | 15.0M | 16.2M | 17.0M | |
Net Debt | (9.4M) | (31.8M) | (7.5M) | 6.8M | 31.6M | 33.2M | |
Accounts Payable | 2.1M | 4.7M | 4.7M | 5.6M | 8.4M | 8.9M | |
Non Current Assets Total | 5.7M | 9.2M | 50.6M | 46.9M | 53.2M | 55.9M | |
Net Receivables | 5.8M | 13.8M | 28.6M | 35.1M | 26.8M | 28.2M | |
Non Current Liabilities Total | 3.4M | 5.2M | 36.5M | 29.0M | 76.4M | 80.2M | |
Inventory | 2.4M | 8.6M | 10.8M | 13.5M | 13.1M | 13.8M | |
Property Plant And Equipment Gross | 4.7M | 7.9M | 18.5M | 15.0M | 18.4M | 19.3M | |
Short Term Debt | 1.3M | 2.1M | 8.3M | 7.9M | 3.9M | 2.7M | |
Property Plant Equipment | 4.9M | 1.9M | 18.9M | 2.2M | 2.5M | 3.0M | |
Non Currrent Assets Other | 509K | 668K | 974K | 861K | (7.7M) | (7.4M) | |
Cash | 14.0M | 39.2M | 42.6M | 20.1M | 44.6M | 46.8M | |
Other Assets | 842K | 913K | 1.3M | 2.2M | 1.0 | 0.95 | |
Cash And Short Term Investments | 14.0M | 39.2M | 42.6M | 20.1M | 44.6M | 46.8M | |
Net Tangible Assets | 19.7M | 56.9M | 43.5M | 36.9M | 42.4M | 44.5M | |
Retained Earnings Total Equity | 4.9M | 14.4M | 23.4M | 17.0M | 19.6M | 20.6M | |
Capital Surpluse | 9.2M | 37.2M | 80.4M | 82.4M | 94.8M | 99.5M | |
Capital Lease Obligations | 4.7M | 7.3M | 19.2M | 16.3M | 18.6M | 19.5M |
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When determining whether Zynex Inc offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Zynex'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 Zynex Inc Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Zynex Inc Stock:Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Zynex 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 interest. You can also try the Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.
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When running Zynex's price analysis, check to measure Zynex'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 Zynex is operating at the current time. Most of Zynex's value examination focuses on studying past and present price action to predict the probability of Zynex's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Zynex's price. Additionally, you may evaluate how the addition of Zynex to your portfolios can decrease your overall portfolio volatility.
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Is Zynex'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 Zynex. If investors know Zynex 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 Zynex 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 (0.99) | Earnings Share 0.23 | Revenue Per Share 5.474 | Quarterly Revenue Growth 0.103 | Return On Assets 0.0581 |
The market value of Zynex Inc is measured differently than its book value, which is the value of Zynex that is recorded on the company's balance sheet. Investors also form their own opinion of Zynex's value that differs from its market value or its book value, called intrinsic value, which is Zynex'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 Zynex's market value can be influenced by many factors that don't directly affect Zynex'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 Zynex's value and its price as these two are different measures arrived at by different means. Investors typically determine if Zynex is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Zynex'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.