Adaptive Current Deferred Revenue vs Total Current Liabilities Analysis

ADPT Stock

USD 6.38 0.33 4.92%

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

Current Deferred Revenue vs Total Current Liabilities

Current Deferred Revenue vs Total Current Liabilities Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Adaptive Biotechnologies Current Deferred Revenue account and Total Current Liabilities. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Adaptive Biotechnologies' Current Deferred Revenue and Total Current Liabilities is 0.98. Overlapping area represents the amount of variation of Current Deferred Revenue that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of Adaptive Biotechnologies Corp, assuming nothing else is changed. The correlation between historical values of Adaptive Biotechnologies' Current Deferred Revenue and Total Current Liabilities is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Current Deferred Revenue of Adaptive Biotechnologies Corp are associated (or correlated) with its Total Current Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Liabilities has no effect on the direction of Current Deferred Revenue i.e., Adaptive Biotechnologies' Current Deferred Revenue and Total Current Liabilities go up and down completely randomly.

Correlation Coefficient

0.98

Relationship Direction	Positive
Relationship Strength	Very Strong

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Current Deferred Revenue

Revenue that has been collected but not yet earned, typically from prepaid service contracts or subscriptions. This amount is considered a liability until the service is provided or the subscription period ends.

Total Current Liabilities

Total Current Liabilities is an item on Adaptive Biotechnologies balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Adaptive Biotechnologies Corp are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.

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

Selling General Administrative is likely to drop to about 57.1 M in 2024. Sales General And Administrative To Revenue is likely to drop to 0.35 in 2024

	2021	2022	2023	2024 (projected)
Gross Profit	105.0M	127.4M	94.7M	82.4M
Total Revenue	154.3M	185.3M	170.3M	123.7M

Gross Profit Total Revenue

Adaptive Biotechnologies fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Long Term Debt	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Total Equity	Common Stock Shares Outstanding	Short Term Investments	Long Term Debt Total	Non Current Liabilities Total	Capital Surpluse	Inventory
Total Assets		0.95	0.95	0.99	0.87	0.97	0.89	0.98	0.52	-0.64	0.61	0.69	0.9	0.72	0.49	-0.37	0.95	0.56	-0.27	0.92	0.44	0.93	0.92	-0.95	0.89	0.86
Other Current Liab	0.95		0.98	0.95	0.81	0.94	0.97	0.97	0.59	-0.74	0.68	0.62	0.92	0.76	0.31	-0.41	0.86	0.67	-0.29	0.93	0.63	0.83	0.91	-0.94	0.92	0.95
Total Current Liabilities	0.95	0.98		0.97	0.88	0.97	0.98	0.98	0.64	-0.8	0.76	0.6	0.91	0.83	0.36	-0.45	0.86	0.75	-0.34	0.97	0.64	0.84	0.96	-0.98	0.97	0.96
Total Stockholder Equity	0.99	0.95	0.97		0.9	0.99	0.9	0.99	0.54	-0.67	0.66	0.66	0.91	0.75	0.51	-0.38	0.94	0.61	-0.27	0.95	0.45	0.91	0.94	-0.97	0.93	0.88
Other Liab	0.87	0.81	0.88	0.9		0.93	0.79	0.86	0.66	-0.74	0.85	0.3	0.67	0.84	0.64	-0.47	0.88	0.77	-0.36	0.94	0.36	0.9	0.93	-0.92	0.92	0.76
Net Tangible Assets	0.97	0.94	0.97	0.99	0.93		0.91	0.98	0.61	-0.72	0.72	0.59	0.89	0.8	0.5	-0.42	0.91	0.68	-0.31	0.98	0.5	0.9	0.96	-0.98	0.96	0.9
Property Plant And Equipment Net	0.89	0.97	0.98	0.9	0.79	0.91		0.94	0.65	-0.82	0.75	0.59	0.9	0.8	0.18	-0.43	0.76	0.78	-0.32	0.94	0.76	0.73	0.9	-0.93	0.95	0.97
Current Deferred Revenue	0.98	0.97	0.98	0.99	0.86	0.98	0.94		0.56	-0.71	0.66	0.69	0.95	0.76	0.44	-0.39	0.88	0.64	-0.28	0.95	0.53	0.85	0.94	-0.98	0.93	0.93
Net Debt	0.52	0.59	0.64	0.54	0.66	0.61	0.65	0.56		-0.95	0.77	0.05	0.45	0.95	0.11	-0.93	0.46	0.77	-0.88	0.7	0.67	0.49	0.78	-0.69	0.72	0.68
Retained Earnings	-0.64	-0.74	-0.8	-0.67	-0.74	-0.72	-0.82	-0.71	-0.95		-0.87	-0.2	-0.61	-0.97	-0.12	0.8	-0.54	-0.9	0.74	-0.82	-0.78	-0.55	-0.86	0.8	-0.85	-0.82
Accounts Payable	0.61	0.68	0.76	0.66	0.85	0.72	0.75	0.66	0.77	-0.87		0.03	0.45	0.87	0.32	-0.53	0.6	0.98	-0.45	0.83	0.58	0.64	0.81	-0.76	0.85	0.7
Cash	0.69	0.62	0.6	0.66	0.3	0.59	0.59	0.69	0.05	-0.2	0.03		0.82	0.24	0.16	-0.04	0.56	0.05	0.0	0.48	0.29	0.47	0.48	-0.57	0.45	0.56
Non Current Assets Total	0.9	0.92	0.91	0.91	0.67	0.89	0.9	0.95	0.45	-0.61	0.45	0.82		0.63	0.31	-0.33	0.74	0.47	-0.23	0.84	0.54	0.68	0.83	-0.9	0.82	0.92
Non Currrent Assets Other	0.72	0.76	0.83	0.75	0.84	0.8	0.8	0.76	0.95	-0.97	0.87	0.24	0.63		0.32	-0.84	0.67	0.85	-0.76	0.87	0.63	0.68	0.93	-0.87	0.87	0.81
Other Assets	0.49	0.31	0.36	0.51	0.64	0.5	0.18	0.44	0.11	-0.12	0.32	0.16	0.31	0.32		-0.13	0.57	0.17	-0.06	0.43	-0.45	0.59	0.48	-0.49	0.36	0.19
Long Term Debt	-0.37	-0.41	-0.45	-0.38	-0.47	-0.42	-0.43	-0.39	-0.93	0.8	-0.53	-0.04	-0.33	-0.84	-0.13		-0.33	-0.52	0.99	-0.49	-0.46	-0.35	-0.64	0.53	-0.49	-0.49
Cash And Short Term Investments	0.95	0.86	0.86	0.94	0.88	0.91	0.76	0.88	0.46	-0.54	0.6	0.56	0.74	0.67	0.57	-0.33		0.5	-0.23	0.85	0.29	0.99	0.85	-0.86	0.81	0.7
Net Receivables	0.56	0.67	0.75	0.61	0.77	0.68	0.78	0.64	0.77	-0.9	0.98	0.05	0.47	0.85	0.17	-0.52	0.5		-0.44	0.8	0.7	0.53	0.77	-0.73	0.84	0.73
Good Will	-0.27	-0.29	-0.34	-0.27	-0.36	-0.31	-0.32	-0.28	-0.88	0.74	-0.45	0.0	-0.23	-0.76	-0.06	0.99	-0.23	-0.44		-0.37	-0.42	-0.25	-0.54	0.42	-0.38	-0.37
Common Stock Total Equity	0.92	0.93	0.97	0.95	0.94	0.98	0.94	0.95	0.7	-0.82	0.83	0.48	0.84	0.87	0.43	-0.49	0.85	0.8	-0.37		0.59	0.84	0.97	-0.98	1.0	0.92
Common Stock Shares Outstanding	0.44	0.63	0.64	0.45	0.36	0.5	0.76	0.53	0.67	-0.78	0.58	0.29	0.54	0.63	-0.45	-0.46	0.29	0.7	-0.42	0.59		0.27	0.55	-0.54	0.66	0.74
Short Term Investments	0.93	0.83	0.84	0.91	0.9	0.9	0.73	0.85	0.49	-0.55	0.64	0.47	0.68	0.68	0.59	-0.35	0.99	0.53	-0.25	0.84	0.27		0.85	-0.84	0.8	0.67
Long Term Debt Total	0.92	0.91	0.96	0.94	0.93	0.96	0.9	0.94	0.78	-0.86	0.81	0.48	0.83	0.93	0.48	-0.64	0.85	0.77	-0.54	0.97	0.55	0.85		-0.99	0.96	0.9
Non Current Liabilities Total	-0.95	-0.94	-0.98	-0.97	-0.92	-0.98	-0.93	-0.98	-0.69	0.8	-0.76	-0.57	-0.9	-0.87	-0.49	0.53	-0.86	-0.73	0.42	-0.98	-0.54	-0.84	-0.99		-0.97	-0.93
Capital Surpluse	0.89	0.92	0.97	0.93	0.92	0.96	0.95	0.93	0.72	-0.85	0.85	0.45	0.82	0.87	0.36	-0.49	0.81	0.84	-0.38	1.0	0.66	0.8	0.96	-0.97		0.93
Inventory	0.86	0.95	0.96	0.88	0.76	0.9	0.97	0.93	0.68	-0.82	0.7	0.56	0.92	0.81	0.19	-0.49	0.7	0.73	-0.37	0.92	0.74	0.67	0.9	-0.93	0.93

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Adaptive Biotechnologies Account Relationship Matchups

Adaptive Biotechnologies fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	912.3M	1.1B	923.3M	856.6M	661.1M	811.6M
Other Current Liab	12.9M	19.8M	19.5M	18.9M	12.8M	15.3M
Total Current Liabilities	78.3M	105.2M	113.8M	109.8M	88.0M	84.7M
Total Stockholder Equity	571.0M	743.3M	604.0M	464.2M	308.4M	347.0M
Other Liab	226.3M	163.6M	98.8M	184.0M	211.6M	125.4M
Net Tangible Assets	440.1M	614.1M	476.5M	338.4M	389.1M	205.2M
Property Plant And Equipment Net	60.4M	139.0M	172.9M	164.2M	120.3M	108.4M
Current Deferred Revenue	61.0M	73.3M	80.5M	64.1M	48.6M	55.7M
Net Debt	(60.0M)	(15.6M)	(27.3M)	18.0M	164.4M	172.6M
Retained Earnings	(365.5M)	(511.6M)	(718.9M)	(919.1M)	(1.1B)	(1.1B)
Accounts Payable	4.5M	3.2M	3.3M	8.1M	7.7M	4.8M
Cash	96.6M	123.4M	139.1M	90.0M	65.1M	102.9M
Non Current Assets Total	299.6M	389.5M	520.6M	294.5M	250.9M	324.4M
Non Currrent Assets Other	2.9M	2.7M	3.0M	4.5M	6.5M	6.8M
Other Assets	39.5M	2.7M	3.0M	4.5M	4.0M	6.7M
Cash And Short Term Investments	576.9M	688.3M	353.1M	498.2M	346.4M	443.1M
Net Receivables	12.7M	10.0M	17.4M	40.1M	38.0M	20.2M
Common Stock Shares Outstanding	69.2M	131.2M	140.4M	142.5M	144.4M	131.8M
Short Term Investments	480.3M	564.8M	214.0M	408.2M	281.3M	340.3M
Liabilities And Stockholders Equity	912.3M	1.1B	923.3M	856.6M	661.1M	811.6M
Non Current Liabilities Total	263.0M	268.0M	205.4M	282.7M	264.8M	276.3M
Capital Surpluse	935.8M	1.3B	1.3B	1.4B	1.6B	910.1M
Inventory	9.1M	14.1M	19.3M	14.5M	14.4M	13.2M
Other Current Assets	14.1M	14.5M	13.0M	9.4M	11.4M	10.7M
Other Stockholder Equity	23.5M	1.3B	1.3B	1.4B	1.5B	865.0M
Total Liab	341.3M	373.1M	319.2M	392.5M	352.9M	337.9M
Net Invested Capital	571.0M	743.3M	604.0M	464.2M	308.4M	347.0M
Property Plant And Equipment Gross	60.4M	139.0M	172.9M	164.2M	193.6M	119.9M
Total Current Assets	612.7M	726.9M	402.7M	562.1M	410.2M	487.2M
Accumulated Other Comprehensive Income	671K	893K	(1.1M)	(4.1M)	215K	225.8K
Net Working Capital	534.4M	621.7M	288.9M	452.4M	322.2M	402.6M
Intangible Assets	11.9M	10.2M	8.5M	6.8M	5.1M	8.2M

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