AngioDynamics Historical Balance Sheet

ANGO Stock  USD 12.05  0.02  0.17%   
Trend analysis of AngioDynamics balance sheet accounts such as Receivables of 43.5 M, Accounts Payable of 22.1 M or Accumulated Other Comprehensive Income of 1.7 M provides information on AngioDynamics' total assets, liabilities, and equity, which is the actual value of AngioDynamics to its prevalent stockholders. By breaking down trends over time using AngioDynamics balance sheet statements, investors will see what precisely the company owns and what it owes to creditors or other parties at the end of each accounting year. Financial Statement Analysis is much more than just reviewing and breaking down AngioDynamics prevalent accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether AngioDynamics is a good buy for the upcoming year.
Check out Trending Equities. To learn how to invest in AngioDynamics Stock please use our How to Invest in AngioDynamics guide.
  

About AngioDynamics Balance Sheet Analysis

Balance Sheet is a snapshot of the financial position of AngioDynamics at a specified time, usually calculated after every quarter, six months, or one year. AngioDynamics Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of AngioDynamics and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which AngioDynamics currently owns. An asset can also be divided into two categories, current and non-current.

AngioDynamics Balance Sheet Chart

AngioDynamics Balance Sheet is one of the main financial statements that report all assets, liabilities, and shareholders' equity for the current year. It provides a basis for different types of computing rates of return, such as return on equity (ROE) or return on asset (ROA), as well as shows how AngioDynamics uses and utilizes its capital. It also shows what exactly a company owns and owes.
AngioDynamics Debt Current is very stable at the moment as compared to the past year. AngioDynamics reported last year Debt Current of 6.75 Million. As of 26th of March 2023, Debt Non Current is likely to grow to about 23.1 M, while Inventories is likely to drop about 45.6 M.

Total Assets

Total assets refers to the total amount of AngioDynamics assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in AngioDynamics books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Major components are Cash and Equivalents; Investments; Goodwill and Intangible Assets; Property Plant and Equipment Net; Tax Assets and Trade and Non Trade Receivables.

Current Assets

Current assets of AngioDynamics include cash, cash equivalents, short-term investments, accounts receivable, stock inventory and the portion of prepaid liabilities which will be paid within a year. Depending on the nature of the business, current assets can range from barrels of crude oil, to baked goods, to foreign currency. Current assets are important because they are the assets that are used to fund day-to-day operations of AngioDynamics. The current portion of Total Assets; reported if a company operates a classified balance sheet that segments current and non-current assets.

Shareholders Equity

A principal component of the balance sheet; in addition to Total Liabilities and Total Assets; that represents the total of all stockholders' equity (deficit) items; net of receivables from officers; directors; owners; and affiliates of the entity which are attributable to the parent.

Total Liabilities

Deferred Income Tax is recorded on AngioDynamics balance sheet and a result of income already earned and recognized for accounting, but not tax, purposes. Also, differences between tax laws and accounting methods can result in a temporary difference in the amount of income tax payable by a company. This difference is recorded on AngioDynamics books as deferred income tax. Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Principal components are Total Debt; [DeferredRev]; Trade and Non Trade Payables; Deposit Liabilities; and Tax Liabilities.
Most accounts from AngioDynamics' balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into AngioDynamics current financial condition. On the other hand, looking into the entire matrix of balance sheet accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities. To learn how to invest in AngioDynamics Stock please use our How to Invest in AngioDynamics guide.AngioDynamics Debt Current is very stable at the moment as compared to the past year. AngioDynamics reported last year Debt Current of 6.75 Million. As of 26th of March 2023, Debt Non Current is likely to grow to about 23.1 M, while Inventories is likely to drop about 45.6 M.
 2020 2021 2022 2023 (projected)
Receivables35.41 M52.3 M47.07 M43.52 M
Inventories48.61 M51.39 M46.25 M45.57 M

AngioDynamics balance sheet Correlations

0.660.460.15-0.420.33-0.370.080.110.080.040.380.62-0.37-0.370.27-0.180.29-0.10.280.23-0.12-0.06
0.660.720.32-0.120.42-0.250.310.170.30.160.470.4-0.22-0.220.480.310.410.340.540.790.03-0.36
0.460.720.040.010.06-0.120.03-0.280.05-0.080.10.21-0.09-0.090.180.30.130.660.40.470.09-0.4
0.150.320.040.340.910.280.930.080.930.960.90.240.190.190.93-0.330.930.120.350.430.4-0.56
-0.42-0.120.010.34-0.070.950.15-0.090.160.470.03-0.55-0.09-0.090.120.290.05-0.03-0.51-0.15-0.170.07
0.330.420.060.91-0.07-0.140.920.120.920.790.950.490.230.230.95-0.40.970.160.620.560.5-0.64
-0.37-0.25-0.120.280.95-0.140.04-0.080.040.45-0.02-0.62-0.23-0.230.020.18-0.02-0.25-0.68-0.37-0.350.26
0.080.310.030.930.150.920.040.141.00.860.850.360.490.490.9-0.390.930.270.540.550.67-0.7
0.110.17-0.280.08-0.090.12-0.080.140.090.010.210.210.00.00.15-0.050.15-0.320.090.18-0.040.11
0.080.30.050.930.160.920.041.00.090.860.850.370.50.50.9-0.40.930.310.540.550.69-0.72
0.040.16-0.080.960.470.790.450.860.010.860.760.070.20.20.79-0.390.810.00.110.260.34-0.44
0.380.470.10.90.030.95-0.020.850.210.850.760.520.070.070.97-0.260.960.110.580.530.34-0.51
0.620.40.210.24-0.550.49-0.620.360.210.370.070.520.20.20.42-0.380.470.30.680.490.45-0.43
-0.37-0.22-0.090.19-0.090.23-0.230.490.00.50.20.070.21.00.16-0.440.230.490.390.230.91-0.56
-0.37-0.22-0.090.19-0.090.23-0.230.490.00.50.20.070.21.00.16-0.440.230.490.390.230.91-0.56
0.270.480.180.930.120.950.020.90.150.90.790.970.420.160.16-0.210.980.250.610.590.43-0.63
-0.180.310.3-0.330.29-0.40.18-0.39-0.05-0.4-0.39-0.26-0.38-0.44-0.44-0.21-0.370.1-0.080.2-0.480.3
0.290.410.130.930.050.97-0.020.930.150.930.810.960.470.230.230.98-0.370.230.60.530.5-0.66
-0.10.340.660.12-0.030.16-0.250.27-0.320.310.00.110.30.490.490.250.10.230.630.610.61-0.72
0.280.540.40.35-0.510.62-0.680.540.090.540.110.580.680.390.390.61-0.080.60.630.780.64-0.72
0.230.790.470.43-0.150.56-0.370.550.180.550.260.530.490.230.230.590.20.530.610.780.45-0.65
-0.120.030.090.4-0.170.5-0.350.67-0.040.690.340.340.450.910.910.43-0.480.50.610.640.45-0.82
-0.06-0.36-0.4-0.560.07-0.640.26-0.70.11-0.72-0.44-0.51-0.43-0.56-0.56-0.630.3-0.66-0.72-0.72-0.65-0.82
Click cells to compare fundamentals

AngioDynamics Account Relationship Matchups

AngioDynamics balance sheet Accounts

201820192020202120222023 (projected)
Inventories40.07 M59.91 M48.61 M51.39 M46.25 M45.57 M
Receivables43.58 M34.17 M35.41 M52.3 M47.07 M43.52 M
Accounts Payable22.83 M19.1 M19.63 M28.05 M25.24 M22.12 M
Accumulated Other Comprehensive Income(1.35 M)(1.34 M)3.15 M1.36 M1.56 M1.68 M
Total Assets836.44 M594.21 M561.44 M552.75 M497.48 M559.2 M
Current Assets315.29 M152.91 M140.88 M143.34 M164.85 M182.74 M
Assets Non Current521.15 M441.3 M420.56 M409.41 M368.47 M421.5 M
Cash and Equivalents227.64 M54.44 M48.16 M28.82 M33.15 M48.65 M
Cash and Equivalents USD227.64 M54.44 M48.16 M28.82 M33.15 M48.65 M
Total Debt131.91 M40 M20 M25 M22.5 M23.09 M
Debt Non Current124.41 M40 M20 M25 M22.5 M23.09 M
Total Debt USD131.91 M40 M20 M25 M22.5 M23.09 M
Shareholders Equity614.82 M454.87 M439.46 M424.49 M382.04 M416.58 M
Shareholders Equity USD614.82 M454.87 M439.46 M424.49 M382.04 M416.58 M
Goodwill and Intangible Assets493.05 M397.65 M370.29 M353.44 M318.09 M365.8 M
Inventory40.07 M59.91 M48.61 M51.39 M46.25 M46.88 M
Total Liabilities221.62 M139.34 M121.98 M128.26 M115.44 M142.63 M
Current Liabilities73.3 M51.45 M57.58 M74.32 M85.47 M81.73 M
Liabilities Non Current148.32 M87.9 M64.4 M53.94 M48.54 M49.82 M
Trade and Non Trade Payables22.83 M19.1 M19.63 M28.05 M25.24 M22.8 M
Property Plant and Equipment Net24.26 M28.31 M37.07 M45.01 M40.5 M40.2 M
Trade and Non Trade Receivables43.58 M31.26 M35.41 M52.3 M47.07 M44.62 M
Accumulated Retained Earnings Deficit66.47 M(100.32 M)(131.87 M)(158.41 M)(142.57 M)(146.32 M)
Tax Liabilities14.54 M24.06 M19.95 M16.04 M18.44 M18.9 M

Be your own money manager

Our tools can tell you how much better you can do entering a position in AngioDynamics without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Pair Trading with AngioDynamics

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

Moving together with AngioDynamics

+0.78ABTAbbott Laboratories Fiscal Quarter End 31st of March 2023 PairCorr
+0.74ALHCAlignment Healthcare LLC Fiscal Quarter End 31st of March 2023 PairCorr

Moving against AngioDynamics

-0.69ACCDAccoladeInc Report 27th of April 2023 PairCorr
-0.69ATECAlphatec Holdings Fiscal Quarter End 31st of March 2023 PairCorr
-0.61AMEHApollo Medical Holdings Fiscal Quarter End 31st of March 2023 PairCorr
-0.42CPSIComputer Programs And Fiscal Quarter End 31st of March 2023 PairCorr
The ability to find closely correlated positions to AngioDynamics could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace AngioDynamics 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 AngioDynamics - 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 AngioDynamics to buy it.
The correlation of AngioDynamics is a statistical measure of how it moves in relation to other equities. 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 AngioDynamics moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if AngioDynamics 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 AngioDynamics 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 CorrelationCorrelation Matching
Check out Trending Equities. To learn how to invest in AngioDynamics Stock please use our How to Invest in AngioDynamics guide. Note that the AngioDynamics information on this page should be used as a complementary analysis to other AngioDynamics' 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 Content Syndication module to quickly integrate customizable finance content to your own investment portal.

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Is AngioDynamics' 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 AngioDynamics. If investors know AngioDynamics 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 AngioDynamics listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(0.83) 
Revenue Per Share
8.353
Quarterly Revenue Growth
0.091
Return On Assets
(0.0247) 
Return On Equity
(0.08) 
The market value of AngioDynamics is measured differently than its book value, which is the value of AngioDynamics that is recorded on the company's balance sheet. Investors also form their own opinion of AngioDynamics' value that differs from its market value or its book value, called intrinsic value, which is AngioDynamics' 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 AngioDynamics' market value can be influenced by many factors that don't directly affect AngioDynamics' 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 AngioDynamics' value and its price as these two are different measures arrived at by different means. Investors typically determine AngioDynamics value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, AngioDynamics' 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.