CareRx Good Will vs Total Current Assets Analysis

CRRX Stock  CAD 1.89  0.01  0.53%   
CareRx Corp financial indicator trend analysis is way more than just evaluating CareRx Corp prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether CareRx Corp is a good investment. Please check the relationship between CareRx Corp Good Will and its Total Current Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in CareRx 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 board of governors.

Good Will vs Total Current Assets

Good Will vs Total Current Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of CareRx Corp Good Will account and Total Current Assets. At this time, the significance of the direction appears to have almost no relationship.
The correlation between CareRx Corp's Good Will and Total Current Assets is 0.13. Overlapping area represents the amount of variation of Good Will that can explain the historical movement of Total Current Assets in the same time period over historical financial statements of CareRx Corp, assuming nothing else is changed. The correlation between historical values of CareRx Corp's Good Will and Total Current Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Good Will of CareRx Corp are associated (or correlated) with its Total Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Assets has no effect on the direction of Good Will i.e., CareRx Corp's Good Will and Total Current Assets go up and down completely randomly.

Correlation Coefficient

0.13
Relationship DirectionPositive 
Relationship StrengthInsignificant

Good Will

An intangible asset that arises when a company acquires another business for more than the fair market value of its net identifiable assets, representing the value of the brand, customer base, and other intangible factors.

Total Current Assets

The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.
Most indicators from CareRx Corp's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into CareRx Corp 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 CareRx 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 board of governors.
At this time, CareRx Corp's Issuance Of Capital Stock is very stable compared to the past year. As of the 29th of November 2024, Enterprise Value Over EBITDA is likely to grow to 7.80, while Selling General Administrative is likely to drop about 28.8 M.
 2021 2022 2023 2024 (projected)
Total Revenue262.6M381.7M370.7M389.3M
Depreciation And Amortization15.4M20.1M20.0M13.2M

CareRx Corp fundamental ratios Correlations

0.50.430.850.260.880.10.890.130.090.83-0.060.370.960.580.850.780.210.280.110.210.880.87-0.110.80.52
0.50.20.340.370.55-0.230.580.29-0.220.24-0.220.420.490.060.290.8-0.070.06-0.130.930.560.62-0.24-0.03-0.2
0.430.2-0.03-0.180.590.420.46-0.570.420.420.64-0.010.190.110.070.450.72-0.20.72-0.050.520.380.510.10.64
0.850.34-0.030.270.62-0.140.670.4-0.140.69-0.260.430.950.660.970.51-0.040.49-0.130.140.630.69-0.350.880.28
0.260.37-0.180.270.03-0.550.340.81-0.560.07-0.810.040.31-0.040.150.31-0.710.1-0.730.40.380.41-0.810.15-0.26
0.880.550.590.620.030.280.87-0.190.280.830.20.230.780.370.630.830.460.010.370.220.850.820.170.560.58
0.1-0.230.42-0.14-0.550.28-0.09-0.761.00.040.520.21-0.040.370.03-0.020.490.130.51-0.35-0.08-0.190.660.090.32
0.890.580.460.670.340.87-0.090.14-0.090.89-0.080.010.830.160.60.880.23-0.150.110.270.980.98-0.10.610.52
0.130.29-0.570.40.81-0.19-0.760.14-0.76-0.03-0.890.160.30.030.250.09-0.840.26-0.870.430.130.24-0.930.17-0.41
0.09-0.220.42-0.14-0.560.281.0-0.09-0.760.040.520.21-0.040.370.03-0.020.480.130.51-0.35-0.08-0.20.660.080.32
0.830.240.420.690.070.830.040.89-0.030.040.1-0.140.780.210.630.660.4-0.180.3-0.090.850.850.020.750.73
-0.06-0.220.64-0.26-0.810.20.52-0.08-0.890.520.1-0.12-0.220.01-0.13-0.040.94-0.20.97-0.37-0.08-0.150.85-0.110.45
0.370.42-0.010.430.040.230.210.010.160.21-0.14-0.120.410.790.530.2-0.150.87-0.150.440.010.03-0.110.21-0.24
0.960.490.190.950.310.78-0.040.830.3-0.040.78-0.220.410.610.930.710.050.37-0.050.230.810.84-0.240.860.37
0.580.060.110.66-0.040.370.370.160.030.370.210.010.790.610.780.120.050.890.04-0.050.160.13-0.050.660.19
0.850.290.070.970.150.630.030.60.250.030.63-0.130.530.930.780.470.070.59-0.010.080.570.61-0.210.890.3
0.780.80.450.510.310.83-0.020.880.09-0.020.66-0.040.20.710.120.470.19-0.090.10.540.870.89-0.010.340.23
0.21-0.070.72-0.04-0.710.460.490.23-0.840.480.40.94-0.150.050.050.070.19-0.270.99-0.30.220.140.790.10.63
0.280.06-0.20.490.10.010.13-0.150.260.13-0.18-0.20.870.370.890.59-0.09-0.27-0.250.12-0.14-0.13-0.260.38-0.22
0.11-0.130.72-0.13-0.730.370.510.11-0.870.510.30.97-0.15-0.050.04-0.010.10.99-0.25-0.330.110.040.80.020.57
0.210.93-0.050.140.40.22-0.350.270.43-0.35-0.09-0.370.440.23-0.050.080.54-0.30.12-0.330.260.34-0.39-0.29-0.48
0.880.560.520.630.380.85-0.080.980.13-0.080.85-0.080.010.810.160.570.870.22-0.140.110.260.96-0.090.590.55
0.870.620.380.690.410.82-0.190.980.24-0.20.85-0.150.030.840.130.610.890.14-0.130.040.340.96-0.190.590.4
-0.11-0.240.51-0.35-0.810.170.66-0.1-0.930.660.020.85-0.11-0.24-0.05-0.21-0.010.79-0.260.8-0.39-0.09-0.19-0.140.36
0.8-0.030.10.880.150.560.090.610.170.080.75-0.110.210.860.660.890.340.10.380.02-0.290.590.59-0.140.54
0.52-0.20.640.28-0.260.580.320.52-0.410.320.730.45-0.240.370.190.30.230.63-0.220.57-0.480.550.40.360.54
Click cells to compare fundamentals

CareRx Corp Account Relationship Matchups

CareRx Corp fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets87.1M156.1M282.8M264.5M231.9M178.4M
Total Current Liabilities68.0M43.3M53.0M63.9M62.4M60.0M
Total Stockholder Equity(20.0M)11.3M82.3M64.5M81.5M85.6M
Net Debt66.2M62.6M89.9M106.9M89.8M92.7M
Retained Earnings(201.9M)(220.2M)(242.9M)(277.3M)(282.7M)(268.6M)
Accounts Payable11.8M16.4M33.2M30.5M29.1M17.0M
Cash61K19.6M35.6M28.4M7.7M6.6M
Non Current Assets Total68.0M110.9M187.6M175.4M166.5M125.6M
Non Currrent Assets Other(68.0M)(110.9M)(187.6M)(175.4M)(157.8M)(149.9M)
Cash And Short Term Investments61K19.6M35.6M28.4M7.7M6.7M
Net Receivables12.6M15.4M38.1M37.3M36.1M22.2M
Common Stock Shares Outstanding11.0M20.3M34.9M47.6M57.3M60.2M
Liabilities And Stockholders Equity87.1M156.1M282.8M264.5M231.9M178.4M
Other Stockholder Equity30.1M41.7M41.8M34.5M33.6M33.0M
Total Liab107.0M144.8M200.5M200.1M150.4M156.1M
Total Current Assets19.1M45.2M95.2M89.2M65.4M52.8M
Short Long Term Debt Total66.2M85.8M131.4M135.2M97.5M139.4M
Other Current Liab3.8M20.9M18.5M23.4M21.0M15.5M
Property Plant And Equipment Net20.0M21.1M38.2M52.4M52.1M54.7M
Other Current Assets1.3M1.6M3.5M2.6M2.0M1.9M
Property Plant And Equipment Gross20.0M21.1M56.6M74.0M78.9M82.8M
Accumulated Other Comprehensive Income10.8M(18.4M)9.4M7.5M7.3M7.7M
Short Term Debt45.6M6.1M1.3M10.0M12.4M11.8M
Intangible Assets18.7M35.3M54.6M53.0M44.3M43.7M
Good Will27.2M51.7M92.1M70.0M80.5M77.9M
Current Deferred Revenue11K6.9M17.3M13.1M15.1M15.8M
Non Current Liabilities Total39.0M101.5M147.6M136.2M87.9M102.5M
Inventory5.2M8.6M18.0M20.3M19.7M12.3M
Common Stock141.1M189.8M283.5M299.8M323.3M184.6M
Long Term Debt13.0M71.9M112.0M99.4M57.1M59.3M
Long Term Debt Total20.6M79.7M130.2M125.2M112.7M67.1M
Capital Surpluse30.1M31.4M32.3M34.5M39.7M32.0M
Property Plant Equipment20.0M21.1M38.2M52.4M60.3M63.3M
Other Liab18.4M21.7M17.4M11.0M9.9M15.6M
Net Tangible Assets(65.9M)(75.8M)(64.4M)(58.5M)(67.3M)(70.6M)
Capital Lease Obligations9.0M9.6M18.7M28.4M30.8M32.3M
Short Long Term Debt44.3M4.2M733K7.4M9.9M9.4M
Non Current Liabilities Other2.5M4.0M2.6M3.7M2.8M2.6M
Cash And Equivalents61K19.6M35.6M28.4M32.6M34.3M

Other Information on Investing in CareRx Stock

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