Cofoe Short Long Term Debt vs Total Current Assets Analysis

301087 Stock

38.08 0.54 1.40%

Cofoe Medical financial indicator trend analysis is way more than just evaluating Cofoe Medical Technology prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Cofoe Medical Technology is a good investment. Please check the relationship between Cofoe Medical Short Long Term Debt and its Total Current Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cofoe Medical Technology. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Short Long Term Debt vs Total Current Assets

Short Long Term Debt vs Total Current Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Cofoe Medical Technology Short Long Term Debt account and Total Current Assets. At this time, the significance of the direction appears to have strong relationship.

The correlation between Cofoe Medical's Short Long Term Debt and Total Current Assets is 0.76. Overlapping area represents the amount of variation of Short Long Term Debt that can explain the historical movement of Total Current Assets in the same time period over historical financial statements of Cofoe Medical Technology, assuming nothing else is changed. The correlation between historical values of Cofoe Medical's Short Long Term Debt and Total Current 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 Short Long Term Debt of Cofoe Medical Technology are associated (or correlated) with its Total Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Assets has no effect on the direction of Short Long Term Debt i.e., Cofoe Medical's Short Long Term Debt and Total Current Assets go up and down completely randomly.

Correlation Coefficient

0.76

Relationship Direction	Positive
Relationship Strength	Significant

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Short Long Term Debt

The total of a company's short-term and long-term borrowings.

Total Current Assets

The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.

Most indicators from Cofoe Medical's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Cofoe Medical Technology 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 Cofoe Medical Technology. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

The current year's Tax Provision is expected to grow to about 38.6 M, whereas Selling General Administrative is forecasted to decline to about 406.6 M.

	2022	2023	2024	2025 (projected)
Interest Expense	10.9M	13.5M	12.2M	10.1M
Interest Income	45.9M	34.3M	39.5M	24.4M

Interest Expense Interest Income

Cofoe Medical fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Net Receivables	Good Will	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Total Liab	Net Invested Capital	Short Long Term Debt	Total Current Assets	Capital Stock	Net Working Capital	Intangible Assets	Property Plant And Equipment Net	Capital Lease Obligations	Property Plant And Equipment Gross	Short Term Investments
Total Assets		0.84	0.94	1.0	0.99	0.95	0.98	0.98	0.92	0.97	0.88	0.98	0.97	0.96	0.92	0.95	1.0	0.83	0.99	0.96	0.97	0.94	0.96	0.96	0.96	-0.82
Other Current Liab	0.84		0.8	0.84	0.82	0.77	0.82	0.86	0.85	0.82	0.93	0.9	0.87	0.89	0.98	0.82	0.85	0.77	0.82	0.88	0.79	0.79	0.88	0.84	0.89	-0.94
Total Current Liabilities	0.94	0.8		0.91	0.95	0.94	0.85	0.98	0.77	0.97	0.92	0.91	0.97	0.96	0.9	1.0	0.93	0.95	0.89	0.96	0.83	0.97	0.96	0.83	0.96	-0.87
Total Stockholder Equity	1.0	0.84	0.91		0.98	0.94	0.98	0.96	0.93	0.96	0.86	0.98	0.95	0.94	0.91	0.93	1.0	0.8	1.0	0.95	0.98	0.92	0.95	0.97	0.94	-0.8
Retained Earnings	0.99	0.82	0.95	0.98		0.92	0.97	0.96	0.9	0.95	0.86	0.95	0.97	0.95	0.91	0.96	0.98	0.86	0.98	0.93	0.95	0.98	0.93	0.94	0.92	-0.79
Accounts Payable	0.95	0.77	0.94	0.94	0.92		0.87	0.94	0.75	0.98	0.9	0.92	0.89	0.88	0.87	0.93	0.94	0.79	0.93	0.94	0.89	0.89	0.94	0.9	0.94	-0.78
Cash	0.98	0.82	0.85	0.98	0.97	0.87		0.91	0.96	0.9	0.8	0.96	0.92	0.91	0.88	0.87	0.98	0.74	0.99	0.89	0.99	0.9	0.88	0.98	0.88	-0.73
Non Current Assets Total	0.98	0.86	0.98	0.96	0.96	0.94	0.91		0.87	0.98	0.92	0.96	0.99	0.98	0.92	0.99	0.97	0.92	0.94	0.99	0.89	0.94	0.99	0.89	0.99	-0.9
Non Currrent Assets Other	0.92	0.85	0.77	0.93	0.9	0.75	0.96	0.87		0.82	0.75	0.93	0.9	0.9	0.86	0.8	0.93	0.72	0.93	0.86	0.93	0.82	0.85	0.91	0.86	-0.77
Net Receivables	0.97	0.82	0.97	0.96	0.95	0.98	0.9	0.98	0.82		0.92	0.95	0.95	0.94	0.9	0.97	0.97	0.86	0.94	0.98	0.91	0.92	0.98	0.9	0.98	-0.85
Good Will	0.88	0.93	0.92	0.86	0.86	0.9	0.8	0.92	0.75	0.92		0.9	0.9	0.91	0.97	0.92	0.88	0.86	0.83	0.94	0.78	0.86	0.95	0.83	0.95	-0.95
Common Stock Shares Outstanding	0.98	0.9	0.91	0.98	0.95	0.92	0.96	0.96	0.93	0.95	0.9		0.95	0.96	0.94	0.93	0.98	0.82	0.97	0.97	0.95	0.9	0.96	0.96	0.96	-0.86
Non Current Liabilities Total	0.97	0.87	0.97	0.95	0.97	0.89	0.92	0.99	0.9	0.95	0.9	0.95		1.0	0.93	0.98	0.97	0.94	0.93	0.96	0.89	0.97	0.96	0.88	0.96	-0.89
Inventory	0.96	0.89	0.96	0.94	0.95	0.88	0.91	0.98	0.9	0.94	0.91	0.96	1.0		0.94	0.97	0.96	0.94	0.92	0.97	0.87	0.95	0.97	0.87	0.97	-0.92
Other Current Assets	0.92	0.98	0.9	0.91	0.91	0.87	0.88	0.92	0.86	0.9	0.97	0.94	0.93	0.94		0.91	0.92	0.84	0.89	0.93	0.86	0.89	0.94	0.9	0.94	-0.94
Total Liab	0.95	0.82	1.0	0.93	0.96	0.93	0.87	0.99	0.8	0.97	0.92	0.93	0.98	0.97	0.91		0.94	0.95	0.9	0.96	0.85	0.97	0.96	0.85	0.96	-0.88
Net Invested Capital	1.0	0.85	0.93	1.0	0.98	0.94	0.98	0.97	0.93	0.97	0.88	0.98	0.97	0.96	0.92	0.94		0.83	0.99	0.96	0.97	0.93	0.96	0.96	0.95	-0.82
Short Long Term Debt	0.83	0.77	0.95	0.8	0.86	0.79	0.74	0.92	0.72	0.86	0.86	0.82	0.94	0.94	0.84	0.95	0.83		0.76	0.89	0.68	0.92	0.89	0.69	0.89	-0.89
Total Current Assets	0.99	0.82	0.89	1.0	0.98	0.93	0.99	0.94	0.93	0.94	0.83	0.97	0.93	0.92	0.89	0.9	0.99	0.76		0.92	0.99	0.91	0.92	0.98	0.91	-0.75
Capital Stock	0.96	0.88	0.96	0.95	0.93	0.94	0.89	0.99	0.86	0.98	0.94	0.97	0.96	0.97	0.93	0.96	0.96	0.89	0.92		0.88	0.9	1.0	0.88	1.0	-0.92
Net Working Capital	0.97	0.79	0.83	0.98	0.95	0.89	0.99	0.89	0.93	0.91	0.78	0.95	0.89	0.87	0.86	0.85	0.97	0.68	0.99	0.88		0.87	0.88	0.99	0.87	-0.69
Intangible Assets	0.94	0.79	0.97	0.92	0.98	0.89	0.9	0.94	0.82	0.92	0.86	0.9	0.97	0.95	0.89	0.97	0.93	0.92	0.91	0.9	0.87		0.9	0.87	0.89	-0.79
Property Plant And Equipment Net	0.96	0.88	0.96	0.95	0.93	0.94	0.88	0.99	0.85	0.98	0.95	0.96	0.96	0.97	0.94	0.96	0.96	0.89	0.92	1.0	0.88	0.9		0.88	1.0	-0.93
Capital Lease Obligations	0.96	0.84	0.83	0.97	0.94	0.9	0.98	0.89	0.91	0.9	0.83	0.96	0.88	0.87	0.9	0.85	0.96	0.69	0.98	0.88	0.99	0.87	0.88		0.87	-0.73
Property Plant And Equipment Gross	0.96	0.89	0.96	0.94	0.92	0.94	0.88	0.99	0.86	0.98	0.95	0.96	0.96	0.97	0.94	0.96	0.95	0.89	0.91	1.0	0.87	0.89	1.0	0.87		-0.93
Short Term Investments	-0.82	-0.94	-0.87	-0.8	-0.79	-0.78	-0.73	-0.9	-0.77	-0.85	-0.95	-0.86	-0.89	-0.92	-0.94	-0.88	-0.82	-0.89	-0.75	-0.92	-0.69	-0.79	-0.93	-0.73	-0.93

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Cofoe Medical Account Relationship Matchups

Cofoe Medical fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	1.9B	5.8B	6.4B	6.2B	7.2B	4.7B
Other Current Liab	1.4M	8.4M	6.8M	14.7M	16.9M	17.8M
Total Current Liabilities	757.9M	682.6M	1.2B	1.1B	1.2B	908.3M
Total Stockholder Equity	991.6M	4.9B	5.0B	4.9B	5.6B	3.6B
Retained Earnings	406.2M	809.3M	837.5M	828.6M	952.9M	643.7M
Accounts Payable	336.0M	448.1M	634.9M	483.0M	555.4M	488.9M
Cash	557.1M	2.0B	1.4B	1.6B	1.8B	1.3B
Non Current Assets Total	613.9M	1.3B	2.2B	2.4B	2.8B	1.5B
Non Currrent Assets Other	8.2M	92.1M	35.9M	84.1M	96.7M	50.6M
Net Receivables	192.1M	346.2M	566.3M	474.1M	545.2M	383.6M
Good Will	11.6M	48.6M	230.5M	242.4M	278.8M	292.7M
Non Current Liabilities Total	114.3M	159.4M	190.4M	249.6M	287.0M	164.9M
Inventory	402.4M	480.8M	529.4M	634.7M	729.9M	517.4M
Other Current Assets	15.5M	57.3M	68.4M	100.2M	115.3M	121.0M
Total Liab	872.2M	842.0M	1.4B	1.3B	1.5B	1.1B
Net Invested Capital	1.3B	5.0B	5.3B	5.4B	6.2B	3.9B
Short Long Term Debt	280M	83.1M	280.9M	402.4M	462.8M	239.0M
Total Current Assets	1.3B	4.5B	4.2B	3.8B	4.4B	3.2B
Net Working Capital	495.6M	3.8B	3.0B	2.7B	3.2B	2.3B
Intangible Assets	203.5M	202.3M	248.2M	240.6M	276.6M	211.1M

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Other Information on Investing in Cofoe Stock

Balance Sheet is a snapshot of the financial position of Cofoe Medical Technology at a specified time, usually calculated after every quarter, six months, or one year. Cofoe Medical Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Cofoe Medical 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 Cofoe currently owns. An asset can also be divided into two categories, current and non-current.

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Cofoe Short Long Term Debt vs Total Current Assets Analysis

Short Long Term Debt vs Total Current Assets

Short Long Term Debt vs Total Current Assets Correlation Analysis

Correlation Coefficient

Short Long Term Debt

Total Current Assets

Cofoe Medical fundamental ratios Correlations

Cofoe Medical Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Cofoe Medical fundamental ratios Accounts

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Other Information on Investing in Cofoe Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Stockholder Equity	+ 1.0	Total Assets
Net Invested Capital	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Current Liabilities
Net Invested Capital	+ 1.0	Total Stockholder Equity
Total Current Assets	+ 1.0	Total Stockholder Equity
Inventory	+ 1.0	Non Current Liabilities Total

Short Term Investments	- 0.95	Good Will
Short Term Investments	- 0.94	Other Current Assets
Short Term Investments	- 0.94	Other Current Liab
Short Term Investments	- 0.93	Property Plant And Equipment Gross
Short Term Investments	- 0.93	Property Plant And Equipment Net
Short Term Investments	- 0.92	Capital Stock