Ardelyx Change In Cash vs Depreciation Analysis

ARDX Stock  USD 4.58  0.24  4.98%   
Ardelyx financial indicator trend analysis is way more than just evaluating Ardelyx prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Ardelyx is a good investment. Please check the relationship between Ardelyx Change In Cash and its Depreciation accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Ardelyx. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment.
For more information on how to buy Ardelyx Stock please use our How to Invest in Ardelyx guide.

Change In Cash vs Depreciation

Change In Cash vs Depreciation Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Ardelyx Change In Cash account and Depreciation. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Ardelyx's Change In Cash and Depreciation is -0.1. Overlapping area represents the amount of variation of Change In Cash that can explain the historical movement of Depreciation in the same time period over historical financial statements of Ardelyx, assuming nothing else is changed. The correlation between historical values of Ardelyx's Change In Cash and Depreciation is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Change In Cash of Ardelyx are associated (or correlated) with its Depreciation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Depreciation has no effect on the direction of Change In Cash i.e., Ardelyx's Change In Cash and Depreciation go up and down completely randomly.

Correlation Coefficient

-0.1
Relationship DirectionNegative 
Relationship StrengthInsignificant

Change In Cash

Depreciation

Depreciation indicates how much of Ardelyx value has been used up. For tax purposes Ardelyx can deduct the cost of the tangible assets it purchases as business expenses. However, Ardelyx must depreciate these assets in accordance with IRS rules about how and when the deduction may be taken, and how long it will last. The systematic allocation of the cost of a tangible asset over its useful life.
Most indicators from Ardelyx's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Ardelyx 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 Ardelyx. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment.
For more information on how to buy Ardelyx Stock please use our How to Invest in Ardelyx guide.At this time, Ardelyx's Selling General Administrative is fairly stable compared to the past year. Tax Provision is likely to rise to about 574.4 K in 2024, whereas Issuance Of Capital Stock is likely to drop slightly above 99.1 M in 2024.
 2021 2022 2023 2024 (projected)
Gross Profit9.1M48.0M106.7M112.0M
Total Revenue10.1M52.2M124.5M130.7M

Ardelyx fundamental ratios Correlations

0.740.450.93-0.530.63-0.580.05-0.740.510.40.590.480.480.940.40.660.420.590.870.540.650.990.240.680.67
0.740.570.67-0.30.57-0.320.38-0.810.41-0.060.890.810.80.590.740.880.410.850.740.670.770.690.070.390.88
0.450.570.22-0.020.690.040.38-0.830.29-0.060.660.550.650.220.190.720.110.730.80.60.380.350.18-0.020.78
0.930.670.22-0.720.63-0.76-0.16-0.540.490.490.410.290.270.960.380.470.180.40.720.260.610.950.380.860.46
-0.53-0.3-0.02-0.72-0.590.960.170.29-0.43-0.4-0.050.090.12-0.65-0.1-0.150.2-0.13-0.450.12-0.46-0.59-0.63-0.76-0.13
0.630.570.690.63-0.59-0.540.0-0.70.420.310.440.240.30.570.160.52-0.150.550.780.260.640.60.760.480.57
-0.58-0.320.04-0.760.96-0.540.130.27-0.5-0.34-0.070.050.1-0.68-0.22-0.160.13-0.14-0.450.11-0.51-0.64-0.62-0.76-0.13
0.050.380.38-0.160.170.00.13-0.480.2-0.830.620.670.61-0.150.530.620.530.630.250.650.47-0.03-0.18-0.410.56
-0.74-0.81-0.83-0.540.29-0.70.27-0.48-0.44-0.02-0.84-0.74-0.77-0.58-0.44-0.94-0.49-0.91-0.93-0.84-0.72-0.68-0.17-0.21-0.95
0.510.410.290.49-0.430.42-0.50.2-0.44-0.010.380.320.340.420.410.410.120.370.510.240.340.480.250.30.38
0.4-0.06-0.060.49-0.40.31-0.34-0.83-0.02-0.01-0.28-0.38-0.320.57-0.44-0.2-0.16-0.250.23-0.2-0.130.470.240.6-0.13
0.590.890.660.41-0.050.44-0.070.62-0.840.38-0.280.980.970.360.80.970.580.970.680.850.720.5-0.110.030.96
0.480.810.550.290.090.240.050.67-0.740.32-0.380.980.980.250.830.930.670.920.540.860.630.39-0.29-0.090.91
0.480.80.650.270.120.30.10.61-0.770.34-0.320.970.980.230.770.920.590.910.580.840.540.38-0.3-0.090.92
0.940.590.220.96-0.650.57-0.68-0.15-0.580.420.570.360.250.230.230.460.340.370.720.370.560.980.30.830.46
0.40.740.190.38-0.10.16-0.220.53-0.440.41-0.440.80.830.770.230.690.420.70.310.490.640.33-0.130.080.64
0.660.880.720.47-0.150.52-0.160.62-0.940.41-0.20.970.930.920.460.690.620.980.790.90.750.59-0.040.090.99
0.420.410.110.180.2-0.150.130.53-0.490.12-0.160.580.670.590.340.420.620.540.30.850.430.4-0.47-0.110.57
0.590.850.730.4-0.130.55-0.140.63-0.910.37-0.250.970.920.910.370.70.980.540.750.850.780.50.04-0.010.98
0.870.740.80.72-0.450.78-0.450.25-0.930.510.230.680.540.580.720.310.790.30.750.640.650.820.320.430.81
0.540.670.60.260.120.260.110.65-0.840.24-0.20.850.860.840.370.490.90.850.850.640.580.48-0.27-0.090.89
0.650.770.380.61-0.460.64-0.510.47-0.720.34-0.130.720.630.540.560.640.750.430.780.650.580.630.450.30.72
0.990.690.350.95-0.590.6-0.64-0.03-0.680.480.470.50.390.380.980.330.590.40.50.820.480.630.270.750.59
0.240.070.180.38-0.630.76-0.62-0.18-0.170.250.24-0.11-0.29-0.30.3-0.13-0.04-0.470.040.32-0.270.450.270.39-0.01
0.680.39-0.020.86-0.760.48-0.76-0.41-0.210.30.60.03-0.09-0.090.830.080.09-0.11-0.010.43-0.090.30.750.390.1
0.670.880.780.46-0.130.57-0.130.56-0.950.38-0.130.960.910.920.460.640.990.570.980.810.890.720.59-0.010.1
Click cells to compare fundamentals

Ardelyx Account Relationship Matchups

Ardelyx fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets259.8M201.6M149.9M190.1M297.6M180.1M
Other Current Liab11.7M10.2M9.3M16.0M23.2M24.4M
Total Current Liabilities22.2M28.4M57.5M74.6M50.4M30.7M
Total Stockholder Equity186.7M126.1M82.6M98.3M166.8M116.4M
Other Liab720K582K4.7M20.3M18.3M10.1M
Property Plant And Equipment Net7.4M4.2M15.1M10.5M6.6M6.8M
Current Deferred Revenue4.5M4.2M4.7M13.2M7.2M7.0M
Net Debt(126.4M)(37.7M)(26.9M)(59.7M)34.5M36.2M
Retained Earnings(460.5M)(554.8M)(712.9M)(780.1M)(846.2M)(803.9M)
Accounts Payable2.2M5.6M4.3M10.9M11.1M7.7M
Cash181.1M91.0M72.4M96.1M21.5M20.4M
Non Current Assets Total7.4M6.3M15.1M35.6M51.5M54.0M
Non Currrent Assets Other314K552K1.2M25.1M44.9M47.1M
Other Assets314K552K1.2M25.9M29.8M31.3M
Cash And Short Term Investments247.5M186.5M116.7M123.9M184.3M150.6M
Net Receivables750K0.0502K7.7M22.0M23.1M
Common Stock Shares Outstanding64.5M89.6M104.2M158.7M219.3M230.3M
Liabilities And Stockholders Equity259.8M201.6M149.9M190.1M297.6M180.1M
Non Current Liabilities Total50.9M47.0M9.7M17.1M80.4M84.4M
Other Current Assets4.1M8.2M16.5M18.7M27.3M28.7M
Other Stockholder Equity647.1M680.9M795.5M878.5M1.0B510.9M
Total Liab73.1M75.5M67.3M91.7M130.8M137.3M
Property Plant And Equipment Gross7.4M4.2M15.1M1.2M16.8M17.6M
Total Current Assets252.4M195.2M134.8M154.5M246.1M166.5M
Accumulated Other Comprehensive Income20K(4K)(6K)(54K)224K235.2K
Property Plant Equipment3.4M1.9M15.1M1.2M1.4M1.3M
Net Tangible Assets186.7M126.1M82.6M98.3M88.5M98.8M
Long Term Debt49.2M48.8M46.6M49.8M57.3M60.2M
Retained Earnings Total Equity(460.5M)(554.8M)(712.9M)(780.1M)(702.1M)(667.0M)
Short Term Investments66.4M95.5M44.3M27.8M162.8M171.0M
Capital Surpluse647.1M680.9M795.5M878.5M1.0B568.4M
Non Current Liabilities Other2.1M413K14.5M17.1M19.7M20.7M
Short Term Debt3.8M8.4M39.2M34.5M8.9M17.5M
Net Invested Capital236.7M176.9M114.9M125.0M216.6M184.6M
Net Working Capital229.8M166.3M80.8M88M195.7M120.1M
Short Long Term Debt Total54.7M53.3M45.5M36.5M56.0M39.4M

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