IRay Accounts Payable vs Non Currrent Assets Other Analysis

688301 Stock

102.42 0.08 0.08%

IRay Technology financial indicator trend analysis is infinitely more than just investigating iRay Technology recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether iRay Technology is a good investment. Please check the relationship between IRay Technology Accounts Payable and its Non Currrent Assets Other accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in iRay Technology Co. 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.

Accounts Payable vs Non Currrent Assets Other

Accounts Payable vs Non Currrent Assets Other Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of iRay Technology Accounts Payable account and Non Currrent Assets Other. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between IRay Technology's Accounts Payable and Non Currrent Assets Other is 0.55. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Non Currrent Assets Other in the same time period over historical financial statements of iRay Technology Co, assuming nothing else is changed. The correlation between historical values of IRay Technology's Accounts Payable and Non Currrent Assets Other is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Accounts Payable of iRay Technology Co are associated (or correlated) with its Non Currrent Assets Other. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Currrent Assets Other has no effect on the direction of Accounts Payable i.e., IRay Technology's Accounts Payable and Non Currrent Assets Other go up and down completely randomly.

Correlation Coefficient

0.55

Relationship Direction	Positive
Relationship Strength	Weak

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Accounts Payable

An accounting item on the balance sheet that represents IRay Technology obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of iRay Technology are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.

Non Currrent Assets Other

Assets that are not physical or tangible, expected to provide value for more than one year, and not easily converted into cash, such as long-term investments or patents.

Most indicators from IRay Technology's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into iRay 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 iRay Technology Co. 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.

As of December 19, 2024, Tax Provision is expected to decline to about 58.2 M. In addition to that, Selling General Administrative is expected to decline to about 103.6 M

	2021	2022	2023	2024 (projected)
Interest Expense	2.3M	12.4M	25.0M	26.3M
Interest Income	27.5M	34.5M	39.8M	24.7M

Interest Expense Interest Income

IRay Technology 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	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	Non Current Liabilities Other	Net Working Capital	Intangible Assets	Property Plant And Equipment Net	Short Term Investments	Capital Lease Obligations	Property Plant And Equipment Gross
Total Assets		0.36	0.8	0.98	0.99	0.74	0.94	0.81	0.87	0.87	0.85	0.88	0.98	0.82	0.86	1.0	0.8	0.95	0.96	0.86	0.88	0.89	0.76	-0.88	0.9	0.77
Other Current Liab	0.36		0.02	0.53	0.24	-0.08	0.54	0.02	0.17	-0.11	0.71	0.05	0.17	0.07	0.04	0.4	0.03	0.56	0.37	0.55	0.65	0.08	-0.01	-0.07	0.06	-0.01
Total Current Liabilities	0.8	0.02		0.74	0.81	0.99	0.65	1.0	0.62	0.84	0.65	0.94	0.81	0.99	0.97	0.79	1.0	0.67	0.87	0.59	0.57	0.89	1.0	-0.99	0.76	1.0
Total Stockholder Equity	0.98	0.53	0.74		0.95	0.65	0.97	0.74	0.82	0.76	0.92	0.81	0.92	0.77	0.79	0.99	0.73	0.99	0.94	0.92	0.95	0.83	0.69	-0.82	0.81	0.69
Retained Earnings	0.99	0.24	0.81	0.95		0.75	0.91	0.82	0.89	0.92	0.78	0.89	0.99	0.83	0.87	0.98	0.8	0.92	0.93	0.84	0.84	0.9	0.77	-0.89	0.92	0.77
Accounts Payable	0.74	-0.08	0.99	0.65	0.75		0.55	0.99	0.55	0.82	0.57	0.91	0.75	0.97	0.95	0.71	0.99	0.58	0.82	0.49	0.47	0.85	1.0	-0.96	0.71	1.0
Cash	0.94	0.54	0.65	0.97	0.91	0.55		0.66	0.9	0.68	0.84	0.79	0.9	0.67	0.75	0.95	0.65	0.99	0.83	0.95	0.99	0.84	0.58	-0.75	0.84	0.59
Non Current Assets Total	0.81	0.02	1.0	0.74	0.82	0.99	0.66		0.65	0.85	0.64	0.95	0.82	0.98	0.98	0.8	1.0	0.68	0.87	0.59	0.58	0.91	0.99	-0.99	0.78	0.99
Non Currrent Assets Other	0.87	0.17	0.62	0.82	0.89	0.55	0.9	0.65		0.75	0.55	0.84	0.92	0.6	0.77	0.87	0.63	0.86	0.69	0.82	0.83	0.9	0.56	-0.73	0.96	0.57
Net Receivables	0.87	-0.11	0.84	0.76	0.92	0.82	0.68	0.85	0.75		0.57	0.86	0.93	0.85	0.86	0.84	0.83	0.69	0.86	0.59	0.56	0.84	0.82	-0.88	0.85	0.82
Common Stock Shares Outstanding	0.85	0.71	0.65	0.92	0.78	0.57	0.84	0.64	0.55	0.57		0.62	0.72	0.72	0.64	0.86	0.63	0.89	0.89	0.84	0.87	0.61	0.61	-0.7	0.54	0.62
Non Current Liabilities Total	0.88	0.05	0.94	0.81	0.89	0.91	0.79	0.95	0.84	0.86	0.62		0.91	0.9	0.99	0.87	0.95	0.79	0.84	0.7	0.71	0.99	0.91	-0.97	0.92	0.92
Inventory	0.98	0.17	0.81	0.92	0.99	0.75	0.9	0.82	0.92	0.93	0.72	0.91		0.81	0.88	0.97	0.8	0.9	0.9	0.81	0.82	0.93	0.76	-0.88	0.95	0.77
Other Current Assets	0.82	0.07	0.99	0.77	0.83	0.97	0.67	0.98	0.6	0.85	0.72	0.9	0.81		0.95	0.8	0.97	0.7	0.89	0.65	0.61	0.86	0.97	-0.98	0.71	0.98
Total Liab	0.86	0.04	0.97	0.79	0.87	0.95	0.75	0.98	0.77	0.86	0.64	0.99	0.88	0.95		0.85	0.98	0.76	0.87	0.67	0.67	0.97	0.96	-0.99	0.87	0.96
Net Invested Capital	1.0	0.4	0.79	0.99	0.98	0.71	0.95	0.8	0.87	0.84	0.86	0.87	0.97	0.8	0.85		0.78	0.96	0.95	0.88	0.91	0.88	0.74	-0.86	0.89	0.75
Short Long Term Debt	0.8	0.03	1.0	0.73	0.8	0.99	0.65	1.0	0.63	0.83	0.63	0.95	0.8	0.97	0.98	0.78		0.67	0.86	0.56	0.57	0.9	0.99	-0.98	0.77	1.0
Total Current Assets	0.95	0.56	0.67	0.99	0.92	0.58	0.99	0.68	0.86	0.69	0.89	0.79	0.9	0.7	0.76	0.96	0.67		0.87	0.96	0.99	0.82	0.61	-0.77	0.81	0.62
Capital Stock	0.96	0.37	0.87	0.94	0.93	0.82	0.83	0.87	0.69	0.86	0.89	0.84	0.9	0.89	0.87	0.95	0.86	0.87		0.75	0.79	0.82	0.84	-0.9	0.78	0.85
Non Current Liabilities Other	0.86	0.55	0.59	0.92	0.84	0.49	0.95	0.59	0.82	0.59	0.84	0.7	0.81	0.65	0.67	0.88	0.56	0.96	0.75		0.97	0.75	0.52	-0.7	0.71	0.52
Net Working Capital	0.88	0.65	0.57	0.95	0.84	0.47	0.99	0.58	0.83	0.56	0.87	0.71	0.82	0.61	0.67	0.91	0.57	0.99	0.79	0.97		0.76	0.5	-0.68	0.74	0.51
Intangible Assets	0.89	0.08	0.89	0.83	0.9	0.85	0.84	0.91	0.9	0.84	0.61	0.99	0.93	0.86	0.97	0.88	0.9	0.82	0.82	0.75	0.76		0.86	-0.94	0.95	0.86
Property Plant And Equipment Net	0.76	-0.01	1.0	0.69	0.77	1.0	0.58	0.99	0.56	0.82	0.61	0.91	0.76	0.97	0.96	0.74	0.99	0.61	0.84	0.52	0.5	0.86		-0.97	0.72	1.0
Short Term Investments	-0.88	-0.07	-0.99	-0.82	-0.89	-0.96	-0.75	-0.99	-0.73	-0.88	-0.7	-0.97	-0.88	-0.98	-0.99	-0.86	-0.98	-0.77	-0.9	-0.7	-0.68	-0.94	-0.97		-0.83	-0.97
Capital Lease Obligations	0.9	0.06	0.76	0.81	0.92	0.71	0.84	0.78	0.96	0.85	0.54	0.92	0.95	0.71	0.87	0.89	0.77	0.81	0.78	0.71	0.74	0.95	0.72	-0.83		0.72
Property Plant And Equipment Gross	0.77	-0.01	1.0	0.69	0.77	1.0	0.59	0.99	0.57	0.82	0.62	0.92	0.77	0.98	0.96	0.75	1.0	0.62	0.85	0.52	0.51	0.86	1.0	-0.97	0.72

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IRay Technology Account Relationship Matchups

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

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IRay Accounts Payable vs Non Currrent Assets Other Analysis

Accounts Payable vs Non Currrent Assets Other

Accounts Payable vs Non Currrent Assets Other Correlation Analysis

Correlation Coefficient

Accounts Payable

Non Currrent Assets Other

IRay Technology fundamental ratios Correlations

IRay Technology Account Relationship Matchups

High Positive Relationship

High Negative Relationship

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Other Information on Investing in IRay Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Net Invested Capital	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Total Current Liabilities
Short Long Term Debt	+ 1.0	Total Current Liabilities
Property Plant And Equipment Net	+ 1.0	Total Current Liabilities
Property Plant And Equipment Gross	+ 1.0	Total Current Liabilities
Property Plant And Equipment Net	+ 1.0	Accounts Payable

Short Term Investments	- 0.99	Total Liab
Short Term Investments	- 0.99	Non Current Assets Total
Short Term Investments	- 0.99	Total Current Liabilities
Short Term Investments	- 0.98	Short Long Term Debt
Short Term Investments	- 0.98	Other Current Assets
Property Plant And Equipment Gross	- 0.97	Short Term Investments