IRay Investments vs Free Cash Flow Analysis

688301 Stock

100.29 0.62 0.62%

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 Investments and its Free Cash Flow 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.

Investments vs Free Cash Flow

Investments vs Free Cash Flow Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of iRay Technology Investments account and Free Cash Flow. At this time, the significance of the direction appears to have very strong relationship.

The correlation between IRay Technology's Investments and Free Cash Flow is 0.85. Overlapping area represents the amount of variation of Investments that can explain the historical movement of Free Cash Flow 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 Investments and Free 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 Investments of iRay Technology Co are associated (or correlated) with its Free Cash Flow. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow has no effect on the direction of Investments i.e., IRay Technology's Investments and Free Cash Flow go up and down completely randomly.

Correlation Coefficient

0.85

Relationship Direction	Positive
Relationship Strength	Strong

View All Relationships

Investments

Securities or assets acquired for generating income or appreciating in value, not used in daily operations.

Free Cash Flow

The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.

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 21, 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

Click cells to compare fundamentals

IRay Technology Account Relationship Matchups

Currently Active Assets on Macroaxis

C	Citigroup
GM	General Motors
F	Ford Motor
GM	General Motors
V	Visa Class A

Other Information on Investing in IRay Stock

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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC

IRay Investments vs Free Cash Flow Analysis

Investments vs Free Cash Flow

Investments vs Free Cash Flow Correlation Analysis

Correlation Coefficient

Investments

Free Cash Flow

IRay Technology fundamental ratios Correlations

IRay Technology Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Currently Active Assets on Macroaxis

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