Innovative Total Assets vs Other Assets Analysis

0JBD Stock   104.97  2.36  2.20%   
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 Total Assets and its Other Assets 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.

Total Assets vs Other Assets

Total Assets vs Other Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Innovative Industrial Total Assets account and Other Assets. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Innovative Industrial's Total Assets and Other Assets is -0.47. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Other Assets 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 Total Assets and Other Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Assets of Innovative Industrial Properties are associated (or correlated) with its Other Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Assets has no effect on the direction of Total Assets i.e., Innovative Industrial's Total Assets and Other Assets go up and down completely randomly.

Correlation Coefficient

-0.47
Relationship DirectionNegative 
Relationship StrengthVery Weak

Total Assets

Total assets refers to the total amount of Innovative Industrial 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 Innovative Industrial 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. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

Other Assets

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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