Avinger Historical Balance Sheet

AVGR Stock

USD 0.84 0.01 1.20%

Trend analysis of Avinger balance sheet accounts such as Other Current Liab of 2.8 M, Total Current Liabilities of 14.3 M or Other Liab of 1.5 M provides information on Avinger's total assets, liabilities, and equity, which is the actual value of Avinger to its prevalent stockholders. By breaking down trends over time using Avinger balance sheet statements, investors will see what precisely the company owns and what it owes to creditors or other parties at the end of each accounting year.

Cash Flow Balance Sheet Income Statement

Yuan Drop

Covid

Financial Statement Analysis is much more than just reviewing and examining Avinger latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Avinger is a good buy for the upcoming year.

Avinger Inventory

5.18 Million

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Avinger. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.

To learn how to invest in Avinger Stock, please use our How to Invest in Avinger guide.

About Avinger Balance Sheet Analysis

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

Avinger Balance Sheet Chart

At this time, Avinger's Liabilities And Stockholders Equity is relatively stable compared to the past year. As of 12/01/2024, Total Current Assets is likely to grow to about 20.1 M, while Total Current Liabilities is likely to drop slightly above 14.3 M.

Total Assets Other Current Liab Other Liab Property Plant And Equipment Net Treasury Stock

Add Fundamental

Total Assets

Total assets refers to the total amount of Avinger assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Avinger books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

Property Plant And Equipment Net

The total value of a company's physical assets (such as land, buildings, and equipment) used in operations, net of depreciation. It reflects the company's investment in assets used for production.

Most accounts from Avinger's balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into Avinger current financial condition. On the other hand, looking into the entire matrix of balance sheet accounts, 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 Avinger. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.

To learn how to invest in Avinger Stock, please use our How to Invest in Avinger guide.At this time, Avinger's Liabilities And Stockholders Equity is relatively stable compared to the past year. As of 12/01/2024, Total Current Assets is likely to grow to about 20.1 M, while Total Current Liabilities is likely to drop slightly above 14.3 M.

	2021	2022	2023	2024 (projected)
Other Current Liabilities	1.2M	785K	2.9M	2.8M
Total Assets	29.5M	24.2M	13.8M	23.4M

Other Current Liab Total Assets

Avinger balance sheet Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Property Plant Equipment	Short Long Term Debt Total	Long Term Debt
Total Assets		0.41	-0.49	0.22	0.14	0.25	-0.44	0.3	0.45	0.96	0.16	-0.2	-0.02	0.96	0.76	-0.39	0.11	0.53	0.08	-0.15	0.01	-0.06	0.99	0.25	0.31	0.62
Other Current Liab	0.41		0.13	-0.12	-0.29	-0.28	0.2	0.24	0.4	0.38	-0.04	0.48	0.03	0.38	0.6	-0.37	0.17	0.35	0.0	-0.13	0.22	-0.1	0.42	0.08	0.36	0.27
Total Current Liabilities	-0.49	0.13		0.21	-0.13	-0.31	0.68	-0.42	-0.09	-0.48	-0.27	0.01	-0.09	-0.48	-0.28	0.15	-0.51	0.02	-0.29	0.42	-0.33	-0.05	-0.46	-0.25	0.15	-0.68
Total Stockholder Equity	0.22	-0.12	0.21		0.25	-0.05	-0.14	-0.75	-0.16	0.23	-0.37	-0.41	-0.15	0.23	0.02	0.36	-0.93	0.33	-0.55	0.83	-0.97	-0.06	0.27	-0.49	-0.51	-0.49
Other Liab	0.14	-0.29	-0.13	0.25		0.2	-0.1	-0.23	-0.39	0.14	0.12	-0.15	0.73	0.14	-0.03	0.11	-0.18	-0.08	0.12	0.24	-0.23	0.19	0.12	-0.53	-0.2	-0.2
Property Plant And Equipment Net	0.25	-0.28	-0.31	-0.05	0.2		-0.12	0.24	-0.05	0.16	0.82	-0.23	0.15	0.16	0.26	-0.45	0.17	-0.02	0.12	-0.19	0.11	0.54	0.14	0.08	0.17	0.23
Net Debt	-0.44	0.2	0.68	-0.14	-0.1	-0.12		-0.34	-0.16	-0.55	0.06	0.24	0.12	-0.55	0.08	0.19	-0.12	0.27	-0.1	0.26	0.03	0.05	-0.46	-0.06	0.2	-0.4
Retained Earnings	0.3	0.24	-0.42	-0.75	-0.23	0.24	-0.34		0.47	0.35	0.38	0.12	-0.05	0.35	0.18	-0.7	0.87	-0.25	0.66	-0.95	0.85	0.11	0.26	0.64	0.66	0.77
Accounts Payable	0.45	0.4	-0.09	-0.16	-0.39	-0.05	-0.16	0.47		0.46	-0.04	-0.02	-0.32	0.46	0.46	-0.47	0.28	0.28	0.47	-0.36	0.28	-0.39	0.47	0.65	0.61	0.49
Cash	0.96	0.38	-0.48	0.23	0.14	0.16	-0.55	0.35	0.46		0.12	-0.17	-0.01	1.0	0.63	-0.47	0.11	0.39	0.12	-0.15	0.0	-0.11	0.97	0.23	0.26	0.57
Non Current Assets Total	0.16	-0.04	-0.27	-0.37	0.12	0.82	0.06	0.38	-0.04	0.12		0.26	0.45	0.12	0.34	-0.63	0.46	-0.12	0.09	-0.28	0.43	0.4	0.04	0.04	0.24	0.22
Non Currrent Assets Other	-0.2	0.48	0.01	-0.41	-0.15	-0.23	0.24	0.12	-0.02	-0.17	0.26		0.52	-0.17	0.1	-0.34	0.35	-0.3	-0.09	-0.07	0.38	-0.28	-0.23	-0.26	-0.15	-0.11
Other Assets	-0.02	0.03	-0.09	-0.15	0.73	0.15	0.12	-0.05	-0.32	-0.01	0.45	0.52		-0.01	0.1	-0.19	0.16	-0.26	0.03	0.1	0.15	0.05	-0.07	-0.57	-0.14	-0.21
Cash And Short Term Investments	0.96	0.38	-0.48	0.23	0.14	0.16	-0.55	0.35	0.46	1.0	0.12	-0.17	-0.01		0.63	-0.47	0.11	0.39	0.12	-0.15	0.0	-0.11	0.97	0.23	0.26	0.57
Net Receivables	0.76	0.6	-0.28	0.02	-0.03	0.26	0.08	0.18	0.46	0.63	0.34	0.1	0.1	0.63		-0.33	0.21	0.77	0.05	-0.06	0.16	0.09	0.72	0.3	0.41	0.56
Common Stock Shares Outstanding	-0.39	-0.37	0.15	0.36	0.11	-0.45	0.19	-0.7	-0.47	-0.47	-0.63	-0.34	-0.19	-0.47	-0.33		-0.48	0.21	-0.38	0.5	-0.49	-0.03	-0.33	-0.28	-0.49	-0.37
Non Current Liabilities Total	0.11	0.17	-0.51	-0.93	-0.18	0.17	-0.12	0.87	0.28	0.11	0.46	0.35	0.16	0.11	0.21	-0.48		-0.21	0.6	-0.89	0.98	0.06	0.06	0.56	0.51	0.73
Inventory	0.53	0.35	0.02	0.33	-0.08	-0.02	0.27	-0.25	0.28	0.39	-0.12	-0.3	-0.26	0.39	0.77	0.21	-0.21		-0.13	0.29	-0.23	0.09	0.55	0.31	0.26	0.3
Other Current Assets	0.08	0.0	-0.29	-0.55	0.12	0.12	-0.1	0.66	0.47	0.12	0.09	-0.09	0.03	0.12	0.05	-0.38	0.6	-0.13		-0.68	0.59	0.06	0.08	0.6	0.51	0.51
Other Stockholder Equity	-0.15	-0.13	0.42	0.83	0.24	-0.19	0.26	-0.95	-0.36	-0.15	-0.28	-0.07	0.1	-0.15	-0.06	0.5	-0.89	0.29	-0.68		-0.88	-0.1	-0.11	-0.64	-0.62	-0.75
Total Liab	0.01	0.22	-0.33	-0.97	-0.23	0.11	0.03	0.85	0.28	0.0	0.43	0.38	0.15	0.0	0.16	-0.49	0.98	-0.23	0.59	-0.88		0.06	-0.05	0.56	0.59	0.64
Property Plant And Equipment Gross	-0.06	-0.1	-0.05	-0.06	0.19	0.54	0.05	0.11	-0.39	-0.11	0.4	-0.28	0.05	-0.11	0.09	-0.03	0.06	0.09	0.06	-0.1	0.06		-0.11	-0.04	0.1	0.14
Total Current Assets	0.99	0.42	-0.46	0.27	0.12	0.14	-0.46	0.26	0.47	0.97	0.04	-0.23	-0.07	0.97	0.72	-0.33	0.06	0.55	0.08	-0.11	-0.05	-0.11		0.26	0.28	0.6
Property Plant Equipment	0.25	0.08	-0.25	-0.49	-0.53	0.08	-0.06	0.64	0.65	0.23	0.04	-0.26	-0.57	0.23	0.3	-0.28	0.56	0.31	0.6	-0.64	0.56	-0.04	0.26		0.68	0.74
Short Long Term Debt Total	0.31	0.36	0.15	-0.51	-0.2	0.17	0.2	0.66	0.61	0.26	0.24	-0.15	-0.14	0.26	0.41	-0.49	0.51	0.26	0.51	-0.62	0.59	0.1	0.28	0.68		0.56
Long Term Debt	0.62	0.27	-0.68	-0.49	-0.2	0.23	-0.4	0.77	0.49	0.57	0.22	-0.11	-0.21	0.57	0.56	-0.37	0.73	0.3	0.51	-0.75	0.64	0.14	0.6	0.74	0.56

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Avinger Account Relationship Matchups

Avinger balance sheet Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	23.8M	33.2M	29.5M	24.2M	13.8M	23.4M
Other Current Liab	2.4M	1.5M	1.2M	785K	2.9M	2.8M
Total Current Liabilities	12.8M	7.5M	4.7M	17.9M	19.3M	14.3M
Total Stockholder Equity	6.9M	13.1M	9.7M	4.1M	(6.2M)	(6.5M)
Other Liab	7K	9.4M	575K	1.0M	1.2M	1.5M
Property Plant And Equipment Net	6.5M	4.8M	3.3M	2.9M	1.6M	2.9M
Net Debt	2.9M	(5.1M)	(4.0M)	1.8M	10.1M	10.6M
Retained Earnings	(348.3M)	(367.3M)	(384.8M)	(402.4M)	(420.7M)	(441.7M)
Accounts Payable	663K	694K	1.4M	631K	777K	837.3K
Cash	10.9M	22.2M	19.5M	14.6M	5.3M	5.0M
Non Current Assets Total	7.2M	5.3M	3.7M	3.2M	1.6M	1.5M
Non Currrent Assets Other	684K	510K	421K	312K	19K	18.1K
Cash And Short Term Investments	10.9M	22.2M	19.5M	14.6M	5.3M	5.0M
Net Receivables	1.5M	1.5M	1.4M	1.1M	1.0M	1.3M
Common Stock Shares Outstanding	24.1K	164.1K	314.8K	416.6K	786K	825.3K
Liabilities And Stockholders Equity	23.8M	33.2M	29.5M	24.2M	13.8M	23.4M
Non Current Liabilities Total	4.1M	12.7M	15.1M	2.1M	672K	638.4K
Inventory	3.9M	3.9M	4.6M	5.0M	5.3M	5.2M
Other Current Assets	311K	700K	600K	362K	575K	491.5K
Other Stockholder Equity	355.2M	380.3M	394.4M	406.5M	414.5M	256.7M
Total Liab	16.9M	20.1M	19.8M	20.0M	20.0M	19.0M
Property Plant And Equipment Gross	6.5M	4.8M	95K	2.9M	5.7M	2.9M
Total Current Assets	16.6M	27.9M	25.8M	21.0M	12.2M	20.1M
Property Plant Equipment	1.7M	727K	3.3M	2.9M	2.6M	2.4M
Short Long Term Debt Total	13.8M	17.1M	15.5M	16.4M	15.4M	19.2M
Net Tangible Assets	6.9M	13.1M	9.7M	4.1M	4.8M	5.0M
Short Long Term Debt	7.5M	9.0M	3.6M	14.2M	14.3M	14.8M
Short Term Debt	9.7M	5.2M	2.0M	16.3M	15.4M	13.9M
Common Stock	34K	10K	85K	96K	8K	1.1K
Common Stock Total Equity	34K	10K	85K	96K	110.4K	115.9K
Retained Earnings Total Equity	(328.9M)	(348.3M)	(367.3M)	(384.8M)	(346.3M)	(363.6M)
Capital Surpluse	338.3M	355.2M	380.3M	394.4M	453.5M	346.1M
Non Current Liabilities Other	41K	4.1M	2.8M	1.0M	672K	638.4K
Net Invested Capital	15.9M	26.1M	22.0M	18.3M	8.1M	7.7M
Net Working Capital	3.8M	20.4M	21.1M	3.0M	(7.1M)	(6.8M)

Pair Trading with Avinger

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Avinger position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Avinger will appreciate offsetting losses from the drop in the long position's value.

Moving together with Avinger Stock

0.72

Cigna Corp

Pair Corr

Moving against Avinger Stock

0.74	ELMD	Electromed	Pair Corr
0.73	MD	Mednax Inc	Pair Corr
0.62	VREX	Varex Imaging Corp	Pair Corr
0.58	DOCS	Doximity	Pair Corr
0.57	OM	Outset Medical	Pair Corr

The ability to find closely correlated positions to Avinger could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Avinger when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Avinger - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Avinger to buy it.

The correlation of Avinger is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Avinger moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Avinger moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Avinger can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

Additional Tools for Avinger Stock Analysis

When running Avinger's price analysis, check to measure Avinger's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Avinger is operating at the current time. Most of Avinger's value examination focuses on studying past and present price action to predict the probability of Avinger's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Avinger's price. Additionally, you may evaluate how the addition of Avinger to your portfolios can decrease your overall portfolio volatility.

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Avinger Historical Balance Sheet

Avinger Inventory

5.18 Million

About Avinger Balance Sheet Analysis

Avinger Balance Sheet Chart

Total Assets

Property Plant And Equipment Net

Avinger balance sheet Correlations

Avinger Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Avinger balance sheet Accounts

Pair Trading with Avinger

Moving together with Avinger Stock

Moving against Avinger Stock

Additional Tools for Avinger Stock Analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 1.0	Cash
Total Current Assets	+ 0.99	Total Assets
Total Liab	+ 0.98	Non Current Liabilities Total
Total Current Assets	+ 0.97	Cash
Total Current Assets	+ 0.97	Cash And Short Term Investments
Cash	+ 0.96	Total Assets

Total Liab	- 0.97	Total Stockholder Equity
Other Stockholder Equity	- 0.95	Retained Earnings
Non Current Liabilities Total	- 0.93	Total Stockholder Equity
Other Stockholder Equity	- 0.89	Non Current Liabilities Total
Total Liab	- 0.88	Other Stockholder Equity
Long Term Debt	- 0.75	Other Stockholder Equity