Innovative Depreciation vs End Period Cash Flow Analysis

0JBD Stock   106.86  1.09  1.01%   
Innovative Industrial financial indicator trend analysis is infinitely more than just investigating Innovative Industrial recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Innovative Industrial is a good investment. Please check the relationship between Innovative Industrial Depreciation and its End Period Cash Flow accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Innovative Industrial Properties. 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.

Depreciation vs End Period Cash Flow

Depreciation vs End Period Cash Flow Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Innovative Industrial Depreciation account and End Period Cash Flow. At this time, the significance of the direction appears to have strong relationship.
The correlation between Innovative Industrial's Depreciation and End Period Cash Flow is 0.74. Overlapping area represents the amount of variation of Depreciation that can explain the historical movement of End Period Cash Flow in the same time period over historical financial statements of Innovative Industrial Properties, assuming nothing else is changed. The correlation between historical values of Innovative Industrial's Depreciation and End Period 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 Innovative Industrial Properties are associated (or correlated) with its End Period Cash Flow. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when End Period Cash Flow has no effect on the direction of Depreciation i.e., Innovative Industrial's Depreciation and End Period Cash Flow go up and down completely randomly.

Correlation Coefficient

0.74
Relationship DirectionPositive 
Relationship StrengthSignificant

Depreciation

Depreciation indicates how much of Innovative Industrial value has been used up. For tax purposes Innovative Industrial can deduct the cost of the tangible assets it purchases as business expenses. However, Innovative Industrial Properties 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.

End Period Cash Flow

Most indicators from Innovative Industrial's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Innovative Industrial 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 Innovative Industrial Properties. 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.
Selling General Administrative is likely to gain to about 41.9 M in 2024
 2021 2022 2023 2024 (projected)
Total Revenue204.6M276.4M309.5M325.0M
Depreciation And Amortization41.8M61.3M67.2M70.6M

Innovative Industrial fundamental ratios Correlations

0.970.931.00.930.91-0.80.880.841.0-0.530.711.00.970.95-0.261.00.980.910.990.910.990.990.94-0.470.35
0.970.90.960.920.97-0.810.860.810.97-0.630.60.981.00.9-0.110.961.00.880.950.90.970.980.9-0.450.23
0.930.90.921.00.85-0.850.990.780.92-0.420.580.920.90.97-0.120.930.910.860.921.00.950.910.99-0.710.1
1.00.960.920.930.89-0.790.880.841.0-0.50.720.990.960.95-0.291.00.970.90.990.910.990.980.94-0.480.37
0.930.921.00.930.88-0.850.980.760.93-0.470.560.930.920.97-0.090.930.920.850.921.00.950.920.99-0.690.1
0.910.970.850.890.88-0.720.830.630.92-0.780.480.920.960.830.060.90.960.740.880.860.920.920.83-0.380.15
-0.8-0.81-0.85-0.79-0.85-0.72-0.79-0.81-0.790.36-0.48-0.83-0.8-0.830.3-0.79-0.82-0.85-0.75-0.85-0.83-0.81-0.850.61-0.12
0.880.860.990.880.980.83-0.790.690.88-0.420.460.870.860.930.020.880.860.790.880.990.910.860.97-0.75-0.03
0.840.810.780.840.760.63-0.810.690.83-0.130.710.860.820.83-0.450.840.830.980.860.760.830.870.81-0.50.35
1.00.970.921.00.930.92-0.790.880.83-0.540.710.990.970.95-0.261.00.980.90.990.910.990.990.94-0.460.36
-0.53-0.63-0.42-0.5-0.47-0.780.36-0.42-0.13-0.54-0.16-0.54-0.62-0.37-0.25-0.5-0.61-0.25-0.45-0.43-0.54-0.51-0.38-0.15-0.09
0.710.60.580.720.560.48-0.480.460.710.71-0.160.70.650.74-0.720.70.640.630.720.540.640.710.65-0.080.83
1.00.980.920.990.930.92-0.830.870.860.99-0.540.70.990.94-0.260.990.990.920.980.910.991.00.93-0.470.34
0.971.00.90.960.920.96-0.80.860.820.97-0.620.650.990.91-0.140.961.00.880.960.90.970.990.9-0.430.28
0.950.90.970.950.970.83-0.830.930.830.95-0.370.740.940.91-0.30.950.920.870.950.960.950.950.99-0.630.31
-0.26-0.11-0.12-0.29-0.090.060.30.02-0.45-0.26-0.25-0.72-0.26-0.14-0.3-0.28-0.16-0.33-0.25-0.08-0.2-0.24-0.21-0.11-0.84
1.00.960.931.00.930.9-0.790.880.841.0-0.50.70.990.960.95-0.280.970.910.990.910.990.980.94-0.490.35
0.981.00.910.970.920.96-0.820.860.830.98-0.610.640.991.00.92-0.160.970.890.960.90.980.990.91-0.440.28
0.910.880.860.90.850.74-0.850.790.980.9-0.250.630.920.880.87-0.330.910.890.910.840.910.920.87-0.570.24
0.990.950.920.990.920.88-0.750.880.860.99-0.450.720.980.960.95-0.250.990.960.910.910.980.990.93-0.510.34
0.910.91.00.911.00.86-0.850.990.760.91-0.430.540.910.90.96-0.080.910.90.840.910.940.90.99-0.730.06
0.990.970.950.990.950.92-0.830.910.830.99-0.540.640.990.970.95-0.20.990.980.910.980.940.980.95-0.530.26
0.990.980.910.980.920.92-0.810.860.870.99-0.510.711.00.990.95-0.240.980.990.920.990.90.980.92-0.480.34
0.940.90.990.940.990.83-0.850.970.810.94-0.380.650.930.90.99-0.210.940.910.870.930.990.950.92-0.690.19
-0.47-0.45-0.71-0.48-0.69-0.380.61-0.75-0.5-0.46-0.15-0.08-0.47-0.43-0.63-0.11-0.49-0.44-0.57-0.51-0.73-0.53-0.48-0.690.39
0.350.230.10.370.10.15-0.12-0.030.350.36-0.090.830.340.280.31-0.840.350.280.240.340.060.260.340.190.39
Click cells to compare fundamentals

Innovative Industrial Account Relationship Matchups

Innovative Industrial fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets745.9M1.8B2.1B2.4B2.4B1.4B
Short Long Term Debt Total135.9M137.8M327.2M303.4M302.4M166.1M
Total Current Liabilities16.4M34.7M46.6M61.5M68.2M71.6M
Total Stockholder Equity548.0M1.5B1.6B2.0B2.0B1.1B
Property Plant And Equipment Net507.1M1.0B1.6B2.1B2.2B2.3B
Net Debt18.5M11.7M240.8M214.8M162.1M81.3M
Retained Earnings(19.9M)(48.1M)(75.2M)(117.4M)(156.9M)(149.0M)
Accounts Payable1.8M3.0M5.3M8.4M9.3M9.7M
Cash117.3M126.0M86.4M88.6M140.2M84.8M
Non Current Assets Total628.5M1.6B2.0B2.3B2.2B1.3B
Non Currrent Assets Other119.6M619.3M(2.1B)(2.4B)10.0M10.5M
Cash And Short Term Investments236.9M745.3M411.3M289.5M140.2M275.2M
Common Stock Shares Outstanding10.7M19.6M26.3M27.7M28.3M15.5M
Liabilities And Stockholders Equity745.9M1.8B2.1B2.4B2.4B1.3B
Non Current Liabilities Total181.5M208.4M426.3M391.5M369.9M220.6M
Capital Surpluse64M250.3M553.9M1.6B1.8B1.9B
Other Current Assets35.1M(745.3M)18.2M39.6M43.5M45.6M
Other Stockholder Equity553.9M1.6B1.7B2.1B2.1B1.1B
Total Liab197.8M243.1M472.9M452.9M438.1M248.2M
Total Current Assets117.3M126.0M99.3M126.7M183.7M97.8M
Accumulated Other Comprehensive Income(19.9M)(48.1M)(75.2M)(117.4M)(156.9M)(149.0M)
Common Stock13K24K26K28K32.2K18.7K
Property Plant Equipment507.1M1.0B1.6B2.1B2.4B2.5B
Other Current Liab14.6M31.7M41.3M53.0M54.0M31.3M
Other Liab45.6M70.7M99.1M88.1M101.3M58.5M
Net Tangible Assets534.0M1.5B1.6B1.9B2.2B2.3B
Other Assets1.9M1.8M10.0M12.4M(2.4B)(2.3B)
Short Term Investments119.6M619.3M324.9M200.9M21.9M20.9M

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