IDEXX Depreciation vs Free Cash Flow Analysis

0J8P Stock

432.54 1.63 0.38%

IDEXX Laboratories financial indicator trend analysis is infinitely more than just investigating IDEXX Laboratories recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether IDEXX Laboratories is a good investment. Please check the relationship between IDEXX Laboratories Depreciation and its Free Cash Flow accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in IDEXX Laboratories. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

For more information on how to buy IDEXX Stock please use our How to Invest in IDEXX Laboratories guide.

Depreciation vs Free Cash Flow

Depreciation vs Free Cash Flow Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of IDEXX Laboratories Depreciation account and Free Cash Flow. At this time, the significance of the direction appears to have very strong relationship.

The correlation between IDEXX Laboratories' Depreciation and Free Cash Flow is 0.87. Overlapping area represents the amount of variation of Depreciation that can explain the historical movement of Free Cash Flow in the same time period over historical financial statements of IDEXX Laboratories, assuming nothing else is changed. The correlation between historical values of IDEXX Laboratories' Depreciation and Free Cash Flow is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Depreciation of IDEXX Laboratories are associated (or correlated) with its Free Cash Flow. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow has no effect on the direction of Depreciation i.e., IDEXX Laboratories' Depreciation and Free Cash Flow go up and down completely randomly.

Correlation Coefficient

0.87

Relationship Direction	Positive
Relationship Strength	Strong

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Depreciation

Depreciation indicates how much of IDEXX Laboratories value has been used up. For tax purposes IDEXX Laboratories can deduct the cost of the tangible assets it purchases as business expenses. However, IDEXX Laboratories must depreciate these assets in accordance with IRS rules about how and when the deduction may be taken, and how long it will last. The systematic allocation of the cost of a tangible asset over its useful life.

Free Cash Flow

The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.

Most indicators from IDEXX Laboratories' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into IDEXX Laboratories 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in IDEXX Laboratories. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

For more information on how to buy IDEXX Stock please use our How to Invest in IDEXX Laboratories guide.Selling General Administrative is likely to drop to about 187 M in 2024. Tax Provision is likely to drop to about 109.4 M in 2024

	2021	2022	2023	2024 (projected)
Total Revenue	3.2B	3.4B	3.7B	3.8B
Depreciation And Amortization	104.6M	111.9M	114.9M	120.7M

Total Revenue Depreciation And Amortization

IDEXX Laboratories fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Non Current Liabilities Total	Intangible Assets	Short Long Term Debt Total	Short Term Debt	Common Stock	Short Term Investments	Current Deferred Revenue
Total Assets		0.95	0.75	0.73	0.99	0.49	0.91	0.95	0.63	0.98	0.76	0.48	0.98	-0.32	0.97	0.47	-0.92	0.82	0.96	0.77	0.68	0.69	0.14	0.54	0.88	0.6
Other Current Liab	0.95		0.71	0.59	0.95	0.57	0.82	0.97	0.46	0.96	0.85	0.33	0.96	-0.41	0.9	0.46	-0.86	0.86	0.87	0.88	0.69	0.71	0.1	0.59	0.87	0.75
Total Current Liabilities	0.75	0.71		0.19	0.72	0.86	0.52	0.77	0.27	0.69	0.43	0.48	0.69	-0.28	0.76	0.78	-0.65	0.92	0.78	0.73	0.55	0.94	0.75	0.67	0.77	0.56
Total Stockholder Equity	0.73	0.59	0.19		0.71	-0.22	0.89	0.59	0.75	0.72	0.6	0.33	0.73	0.05	0.74	-0.01	-0.75	0.2	0.69	0.19	0.57	0.03	-0.37	0.14	0.51	0.09
Property Plant And Equipment Net	0.99	0.95	0.72	0.71		0.49	0.9	0.95	0.59	0.99	0.78	0.41	0.98	-0.37	0.96	0.41	-0.91	0.81	0.93	0.79	0.63	0.68	0.09	0.51	0.88	0.65
Net Debt	0.49	0.57	0.86	-0.22	0.49		0.17	0.61	-0.14	0.47	0.31	0.22	0.48	-0.54	0.48	0.65	-0.35	0.89	0.48	0.79	0.26	0.95	0.74	0.51	0.55	0.64
Retained Earnings	0.91	0.82	0.52	0.89	0.9	0.17		0.84	0.67	0.92	0.76	0.3	0.92	-0.19	0.93	0.27	-0.97	0.55	0.83	0.5	0.72	0.38	-0.08	0.33	0.7	0.42
Accounts Payable	0.95	0.97	0.77	0.59	0.95	0.61	0.84		0.4	0.97	0.82	0.3	0.97	-0.43	0.93	0.46	-0.89	0.86	0.87	0.83	0.71	0.73	0.18	0.53	0.85	0.69
Cash	0.63	0.46	0.27	0.75	0.59	-0.14	0.67	0.4		0.52	0.25	0.76	0.53	0.18	0.56	0.3	-0.55	0.27	0.73	0.23	0.32	0.19	-0.14	0.32	0.55	0.14
Non Current Assets Total	0.98	0.96	0.69	0.72	0.99	0.47	0.92	0.97	0.52		0.84	0.31	1.0	-0.37	0.96	0.39	-0.94	0.79	0.89	0.78	0.71	0.64	0.06	0.5	0.85	0.65
Non Currrent Assets Other	0.76	0.85	0.43	0.6	0.78	0.31	0.76	0.82	0.25	0.84		-0.03	0.84	-0.32	0.75	0.12	-0.77	0.58	0.6	0.64	0.67	0.39	-0.14	0.36	0.66	0.57
Cash And Short Term Investments	0.48	0.33	0.48	0.33	0.41	0.22	0.3	0.3	0.76	0.31	-0.03		0.33	0.08	0.39	0.5	-0.23	0.41	0.7	0.31	0.09	0.47	0.3	0.39	0.5	0.04
Net Receivables	0.98	0.96	0.69	0.73	0.98	0.48	0.92	0.97	0.53	1.0	0.84	0.33		-0.41	0.96	0.37	-0.93	0.8	0.9	0.78	0.68	0.65	0.06	0.47	0.84	0.63
Common Stock Shares Outstanding	-0.32	-0.41	-0.28	0.05	-0.37	-0.54	-0.19	-0.43	0.18	-0.37	-0.32	0.08	-0.41		-0.27	-0.05	0.3	-0.5	-0.22	-0.63	0.11	-0.48	-0.04	0.2	-0.11	-0.55
Inventory	0.97	0.9	0.76	0.74	0.96	0.48	0.93	0.93	0.56	0.96	0.75	0.39	0.96	-0.27		0.46	-0.93	0.77	0.92	0.68	0.75	0.66	0.2	0.5	0.82	0.52
Other Current Assets	0.47	0.46	0.78	-0.01	0.41	0.65	0.27	0.46	0.3	0.39	0.12	0.5	0.37	-0.05	0.46		-0.43	0.69	0.56	0.52	0.56	0.74	0.74	0.76	0.56	0.52
Other Stockholder Equity	-0.92	-0.86	-0.65	-0.75	-0.91	-0.35	-0.97	-0.89	-0.55	-0.94	-0.77	-0.23	-0.93	0.3	-0.93	-0.43		-0.68	-0.82	-0.62	-0.76	-0.53	-0.09	-0.42	-0.74	-0.58
Total Liab	0.82	0.86	0.92	0.2	0.81	0.89	0.55	0.86	0.27	0.79	0.58	0.41	0.8	-0.5	0.77	0.69	-0.68		0.8	0.94	0.5	0.97	0.52	0.65	0.83	0.78
Total Current Assets	0.96	0.87	0.78	0.69	0.93	0.48	0.83	0.87	0.73	0.89	0.6	0.7	0.9	-0.22	0.92	0.56	-0.82	0.8		0.71	0.6	0.72	0.25	0.56	0.86	0.48
Non Current Liabilities Total	0.77	0.88	0.73	0.19	0.79	0.79	0.5	0.83	0.23	0.78	0.64	0.31	0.78	-0.63	0.68	0.52	-0.62	0.94	0.71		0.39	0.86	0.26	0.55	0.77	0.87
Intangible Assets	0.68	0.69	0.55	0.57	0.63	0.26	0.72	0.71	0.32	0.71	0.67	0.09	0.68	0.11	0.75	0.56	-0.76	0.5	0.6	0.39		0.36	0.19	0.64	0.62	0.41
Short Long Term Debt Total	0.69	0.71	0.94	0.03	0.68	0.95	0.38	0.73	0.19	0.64	0.39	0.47	0.65	-0.48	0.66	0.74	-0.53	0.97	0.72	0.86	0.36		0.69	0.61	0.73	0.68
Short Term Debt	0.14	0.1	0.75	-0.37	0.09	0.74	-0.08	0.18	-0.14	0.06	-0.14	0.3	0.06	-0.04	0.2	0.74	-0.09	0.52	0.25	0.26	0.19	0.69		0.48	0.28	0.19
Common Stock	0.54	0.59	0.67	0.14	0.51	0.51	0.33	0.53	0.32	0.5	0.36	0.39	0.47	0.2	0.5	0.76	-0.42	0.65	0.56	0.55	0.64	0.61	0.48		0.8	0.61
Short Term Investments	0.88	0.87	0.77	0.51	0.88	0.55	0.7	0.85	0.55	0.85	0.66	0.5	0.84	-0.11	0.82	0.56	-0.74	0.83	0.86	0.77	0.62	0.73	0.28	0.8		0.68
Current Deferred Revenue	0.6	0.75	0.56	0.09	0.65	0.64	0.42	0.69	0.14	0.65	0.57	0.04	0.63	-0.55	0.52	0.52	-0.58	0.78	0.48	0.87	0.41	0.68	0.19	0.61	0.68

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IDEXX Laboratories Account Relationship Matchups

IDEXX Laboratories fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.8B	2.3B	2.4B	2.7B	3.3B	3.4B
Other Current Liab	276.5M	355.2M	396.4M	364.7M	372.4M	391.0M
Total Current Liabilities	725.3M	582.8M	763.6M	1.2B	951.5M	999.1M
Total Stockholder Equity	177.5M	632.1M	690.0M	608.7M	1.5B	1.6B
Property Plant And Equipment Net	533.8M	555.2M	587.7M	649.5M	817.7M	858.6M
Net Debt	897.3M	524.6M	779.2M	1.2B	613.4M	644.1M
Retained Earnings	1.6B	2.2B	2.9B	3.6B	4.4B	4.7B
Accounts Payable	72.2M	74.6M	116.1M	110.2M	110.6M	116.2M
Cash	90.3M	383.9M	144.5M	112.5M	453.9M	476.6M
Non Current Assets Total	1.2B	1.2B	1.5B	1.6B	1.8B	1.9B
Non Currrent Assets Other	299.0M	337.2M	397.4M	425.6M	333.0M	349.6M
Cash And Short Term Investments	90.3M	383.9M	144.5M	112.5M	453.9M	476.6M
Net Receivables	307.5M	374.7M	425.6M	490.9M	529.5M	556.0M
Common Stock Shares Outstanding	87.5M	86.7M	86.6M	84.6M	84.0M	94.9M
Liabilities And Stockholders Equity	1.8B	2.3B	2.4B	2.7B	3.3B	3.4B
Inventory	195.0M	209.9M	269.0M	367.8M	380.3M	399.3M
Other Current Assets	86.8M	94.2M	116.6M	130.2M	131.5M	75.1M
Other Stockholder Equity	(1.4B)	(1.5B)	(2.2B)	(2.9B)	(2.9B)	(2.8B)
Total Liab	1.7B	1.7B	1.7B	2.1B	1.8B	1.9B
Total Current Assets	679.6M	1.1B	955.7M	1.1B	1.5B	1.6B
Non Current Liabilities Total	929.3M	1.1B	983.6M	902.2M	823.8M	865.0M
Intangible Assets	58.5M	52.5M	99.0M	97.7M	84.5M	66.7M
Short Long Term Debt Total	987.7M	908.5M	923.7M	1.3B	1.1B	1.1B
Short Term Debt	304.0M	67.7M	168.4M	674.4M	344.8M	212.2M
Accumulated Other Comprehensive Income	(46.2M)	(53.6M)	(53.5M)	(77.8M)	(71.2M)	(67.6M)
Common Stock	10.6M	10.6M	10.7M	10.7M	10.8M	9.2M
Current Deferred Revenue	41.5M	42.6M	40.0M	37.9M	37.2M	25.0M
Good Will	239.7M	243.3M	359.3M	361.8M	366.0M	218.6M
Other Assets	240.2M	289.6M	325.2M	1.0	1.15	1.09
Other Liab	162.9M	143.5M	121.0M	106.6M	95.9M	115.4M
Net Tangible Assets	(120.7M)	336.2M	231.6M	149.3M	171.7M	180.2M
Long Term Debt	499.6M	599.5M	858.5M	775.2M	891.5M	711.1M
Deferred Long Term Liab	108.6M	116.1M	122.4M	119.9M	137.9M	115.7M
Property Plant Equipment	614.5M	646.3M	692.8M	768.1M	883.3M	648.6M

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IDEXX Depreciation vs Free Cash Flow Analysis

Depreciation vs Free Cash Flow

Depreciation vs Free Cash Flow Correlation Analysis

Correlation Coefficient

Depreciation

Free Cash Flow

IDEXX Laboratories fundamental ratios Correlations

IDEXX Laboratories Account Relationship Matchups

High Positive Relationship

High Negative Relationship

IDEXX Laboratories fundamental ratios Accounts

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Additional Tools for IDEXX Stock Analysis

COMMON DESTINATIONS

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COMPANY

Net Receivables	+ 1.0	Non Current Assets Total
Property Plant And Equipment Net	+ 0.99	Total Assets
Non Current Assets Total	+ 0.99	Property Plant And Equipment Net
Non Current Assets Total	+ 0.98	Total Assets
Net Receivables	+ 0.98	Total Assets
Net Receivables	+ 0.98	Property Plant And Equipment Net

Other Stockholder Equity	- 0.97	Retained Earnings
Other Stockholder Equity	- 0.94	Non Current Assets Total
Other Stockholder Equity	- 0.93	Inventory
Other Stockholder Equity	- 0.93	Net Receivables
Other Stockholder Equity	- 0.92	Total Assets
Other Stockholder Equity	- 0.91	Property Plant And Equipment Net