Innovative Net Debt vs Capital Surpluse Analysis

0JBD Stock

107.95 2.81 2.54%

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 Net Debt and its Capital Surpluse 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.

Net Debt vs Capital Surpluse

Net Debt vs Capital Surpluse Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Innovative Industrial Net Debt account and Capital Surpluse. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Innovative Industrial's Net Debt and Capital Surpluse is 0.83. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Capital Surpluse 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 Net Debt and Capital Surpluse 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 Debt of Innovative Industrial Properties are associated (or correlated) with its Capital Surpluse. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capital Surpluse has no effect on the direction of Net Debt i.e., Innovative Industrial's Net Debt and Capital Surpluse go up and down completely randomly.

Correlation Coefficient

0.83

Relationship Direction	Positive
Relationship Strength	Strong

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Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.

Capital Surpluse

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 Revenue	204.6M	276.4M	309.5M	325.0M
Depreciation And Amortization	41.8M	61.3M	67.2M	70.6M

Total Revenue Depreciation And Amortization

Innovative Industrial fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	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	Common Stock Shares Outstanding	Non Current Liabilities Total	Capital Surpluse	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Common Stock	Property Plant Equipment	Other Current Liab	Other Liab	Net Tangible Assets	Other Assets	Short Term Investments
Total Assets		0.97	0.93	1.0	0.93	0.91	-0.8	0.88	0.84	1.0	-0.53	0.71	1.0	0.97	0.95	-0.26	1.0	0.98	0.91	0.99	0.91	0.99	0.99	0.94	-0.47	0.35
Short Long Term Debt Total	0.97		0.9	0.96	0.92	0.97	-0.81	0.86	0.81	0.97	-0.63	0.6	0.98	1.0	0.9	-0.11	0.96	1.0	0.88	0.95	0.9	0.97	0.98	0.9	-0.45	0.23
Total Current Liabilities	0.93	0.9		0.92	1.0	0.85	-0.85	0.99	0.78	0.92	-0.42	0.58	0.92	0.9	0.97	-0.12	0.93	0.91	0.86	0.92	1.0	0.95	0.91	0.99	-0.71	0.1
Total Stockholder Equity	1.0	0.96	0.92		0.93	0.89	-0.79	0.88	0.84	1.0	-0.5	0.72	0.99	0.96	0.95	-0.29	1.0	0.97	0.9	0.99	0.91	0.99	0.98	0.94	-0.48	0.37
Property Plant And Equipment Net	0.93	0.92	1.0	0.93		0.88	-0.85	0.98	0.76	0.93	-0.47	0.56	0.93	0.92	0.97	-0.09	0.93	0.92	0.85	0.92	1.0	0.95	0.92	0.99	-0.69	0.1
Net Debt	0.91	0.97	0.85	0.89	0.88		-0.72	0.83	0.63	0.92	-0.78	0.48	0.92	0.96	0.83	0.06	0.9	0.96	0.74	0.88	0.86	0.92	0.92	0.83	-0.38	0.15
Retained Earnings	-0.8	-0.81	-0.85	-0.79	-0.85	-0.72		-0.79	-0.81	-0.79	0.36	-0.48	-0.83	-0.8	-0.83	0.3	-0.79	-0.82	-0.85	-0.75	-0.85	-0.83	-0.81	-0.85	0.61	-0.12
Accounts Payable	0.88	0.86	0.99	0.88	0.98	0.83	-0.79		0.69	0.88	-0.42	0.46	0.87	0.86	0.93	0.02	0.88	0.86	0.79	0.88	0.99	0.91	0.86	0.97	-0.75	-0.03
Cash	0.84	0.81	0.78	0.84	0.76	0.63	-0.81	0.69		0.83	-0.13	0.71	0.86	0.82	0.83	-0.45	0.84	0.83	0.98	0.86	0.76	0.83	0.87	0.81	-0.5	0.35
Non Current Assets Total	1.0	0.97	0.92	1.0	0.93	0.92	-0.79	0.88	0.83		-0.54	0.71	0.99	0.97	0.95	-0.26	1.0	0.98	0.9	0.99	0.91	0.99	0.99	0.94	-0.46	0.36
Non Currrent Assets Other	-0.53	-0.63	-0.42	-0.5	-0.47	-0.78	0.36	-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
Cash And Short Term Investments	0.71	0.6	0.58	0.72	0.56	0.48	-0.48	0.46	0.71	0.71	-0.16		0.7	0.65	0.74	-0.72	0.7	0.64	0.63	0.72	0.54	0.64	0.71	0.65	-0.08	0.83
Common Stock Shares Outstanding	1.0	0.98	0.92	0.99	0.93	0.92	-0.83	0.87	0.86	0.99	-0.54	0.7		0.99	0.94	-0.26	0.99	0.99	0.92	0.98	0.91	0.99	1.0	0.93	-0.47	0.34
Non Current Liabilities Total	0.97	1.0	0.9	0.96	0.92	0.96	-0.8	0.86	0.82	0.97	-0.62	0.65	0.99		0.91	-0.14	0.96	1.0	0.88	0.96	0.9	0.97	0.99	0.9	-0.43	0.28
Capital Surpluse	0.95	0.9	0.97	0.95	0.97	0.83	-0.83	0.93	0.83	0.95	-0.37	0.74	0.94	0.91		-0.3	0.95	0.92	0.87	0.95	0.96	0.95	0.95	0.99	-0.63	0.31
Other Current Assets	-0.26	-0.11	-0.12	-0.29	-0.09	0.06	0.3	0.02	-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
Other Stockholder Equity	1.0	0.96	0.93	1.0	0.93	0.9	-0.79	0.88	0.84	1.0	-0.5	0.7	0.99	0.96	0.95	-0.28		0.97	0.91	0.99	0.91	0.99	0.98	0.94	-0.49	0.35
Total Liab	0.98	1.0	0.91	0.97	0.92	0.96	-0.82	0.86	0.83	0.98	-0.61	0.64	0.99	1.0	0.92	-0.16	0.97		0.89	0.96	0.9	0.98	0.99	0.91	-0.44	0.28
Total Current Assets	0.91	0.88	0.86	0.9	0.85	0.74	-0.85	0.79	0.98	0.9	-0.25	0.63	0.92	0.88	0.87	-0.33	0.91	0.89		0.91	0.84	0.91	0.92	0.87	-0.57	0.24
Common Stock	0.99	0.95	0.92	0.99	0.92	0.88	-0.75	0.88	0.86	0.99	-0.45	0.72	0.98	0.96	0.95	-0.25	0.99	0.96	0.91		0.91	0.98	0.99	0.93	-0.51	0.34
Property Plant Equipment	0.91	0.9	1.0	0.91	1.0	0.86	-0.85	0.99	0.76	0.91	-0.43	0.54	0.91	0.9	0.96	-0.08	0.91	0.9	0.84	0.91		0.94	0.9	0.99	-0.73	0.06
Other Current Liab	0.99	0.97	0.95	0.99	0.95	0.92	-0.83	0.91	0.83	0.99	-0.54	0.64	0.99	0.97	0.95	-0.2	0.99	0.98	0.91	0.98	0.94		0.98	0.95	-0.53	0.26
Other Liab	0.99	0.98	0.91	0.98	0.92	0.92	-0.81	0.86	0.87	0.99	-0.51	0.71	1.0	0.99	0.95	-0.24	0.98	0.99	0.92	0.99	0.9	0.98		0.92	-0.48	0.34
Net Tangible Assets	0.94	0.9	0.99	0.94	0.99	0.83	-0.85	0.97	0.81	0.94	-0.38	0.65	0.93	0.9	0.99	-0.21	0.94	0.91	0.87	0.93	0.99	0.95	0.92		-0.69	0.19
Other Assets	-0.47	-0.45	-0.71	-0.48	-0.69	-0.38	0.61	-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	-0.69		0.39
Short Term Investments	0.35	0.23	0.1	0.37	0.1	0.15	-0.12	-0.03	0.35	0.36	-0.09	0.83	0.34	0.28	0.31	-0.84	0.35	0.28	0.24	0.34	0.06	0.26	0.34	0.19	0.39

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Innovative Industrial Account Relationship Matchups

Innovative Industrial fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	745.9M	1.8B	2.1B	2.4B	2.4B	1.4B
Short Long Term Debt Total	135.9M	137.8M	327.2M	303.4M	302.4M	166.1M
Total Current Liabilities	16.4M	34.7M	46.6M	61.5M	68.2M	71.6M
Total Stockholder Equity	548.0M	1.5B	1.6B	2.0B	2.0B	1.1B
Property Plant And Equipment Net	507.1M	1.0B	1.6B	2.1B	2.2B	2.3B
Net Debt	18.5M	11.7M	240.8M	214.8M	162.1M	81.3M
Retained Earnings	(19.9M)	(48.1M)	(75.2M)	(117.4M)	(156.9M)	(149.0M)
Accounts Payable	1.8M	3.0M	5.3M	8.4M	9.3M	9.7M
Cash	117.3M	126.0M	86.4M	88.6M	140.2M	84.8M
Non Current Assets Total	628.5M	1.6B	2.0B	2.3B	2.2B	1.3B
Non Currrent Assets Other	119.6M	619.3M	(2.1B)	(2.4B)	10.0M	10.5M
Cash And Short Term Investments	236.9M	745.3M	411.3M	289.5M	140.2M	275.2M
Common Stock Shares Outstanding	10.7M	19.6M	26.3M	27.7M	28.3M	15.5M
Liabilities And Stockholders Equity	745.9M	1.8B	2.1B	2.4B	2.4B	1.3B
Non Current Liabilities Total	181.5M	208.4M	426.3M	391.5M	369.9M	220.6M
Capital Surpluse	64M	250.3M	553.9M	1.6B	1.8B	1.9B
Other Current Assets	35.1M	(745.3M)	18.2M	39.6M	43.5M	45.6M
Other Stockholder Equity	553.9M	1.6B	1.7B	2.1B	2.1B	1.1B
Total Liab	197.8M	243.1M	472.9M	452.9M	438.1M	248.2M
Total Current Assets	117.3M	126.0M	99.3M	126.7M	183.7M	97.8M
Accumulated Other Comprehensive Income	(19.9M)	(48.1M)	(75.2M)	(117.4M)	(156.9M)	(149.0M)
Common Stock	13K	24K	26K	28K	32.2K	18.7K
Property Plant Equipment	507.1M	1.0B	1.6B	2.1B	2.4B	2.5B
Other Current Liab	14.6M	31.7M	41.3M	53.0M	54.0M	31.3M
Other Liab	45.6M	70.7M	99.1M	88.1M	101.3M	58.5M
Net Tangible Assets	534.0M	1.5B	1.6B	1.9B	2.2B	2.3B
Other Assets	1.9M	1.8M	10.0M	12.4M	(2.4B)	(2.3B)
Short Term Investments	119.6M	619.3M	324.9M	200.9M	21.9M	20.9M

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Innovative Net Debt vs Capital Surpluse Analysis

Net Debt vs Capital Surpluse

Net Debt vs Capital Surpluse Correlation Analysis

Correlation Coefficient

Net Debt

Capital Surpluse

Innovative Industrial fundamental ratios Correlations

Innovative Industrial Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Innovative Industrial fundamental ratios Accounts

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Additional Tools for Innovative Stock Analysis

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COMPANY

Total Stockholder Equity	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Total Assets
Common Stock Shares Outstanding	+ 1.0	Total Assets
Other Stockholder Equity	+ 1.0	Total Assets
Non Current Liabilities Total	+ 1.0	Short Long Term Debt Total
Total Liab	+ 1.0	Short Long Term Debt Total

Net Tangible Assets	- 0.85	Retained Earnings
Property Plant Equipment	- 0.85	Retained Earnings
Total Current Assets	- 0.85	Retained Earnings
Retained Earnings	- 0.85	Property Plant And Equipment Net
Retained Earnings	- 0.85	Total Current Liabilities
Short Term Investments	- 0.84	Other Current Assets