Heron Ebitda vs Income Before Tax Analysis

HRTX Stock  USD 1.69  0.07  3.98%   
Heron Therapeuti financial indicator trend analysis is much more than just examining Heron Therapeuti latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Heron Therapeuti is a good investment. Please check the relationship between Heron Therapeuti Ebitda and its Income Before Tax accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Heron Therapeuti. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.
For more information on how to buy Heron Stock please use our How to Invest in Heron Therapeuti guide.

Ebitda vs Income Before Tax

Ebitda vs Income Before Tax Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Heron Therapeuti Ebitda account and Income Before Tax. At this time, the significance of the direction appears to have totally related.
The correlation between Heron Therapeuti's Ebitda and Income Before Tax is 1.0. Overlapping area represents the amount of variation of Ebitda that can explain the historical movement of Income Before Tax in the same time period over historical financial statements of Heron Therapeuti, assuming nothing else is changed. The correlation between historical values of Heron Therapeuti's Ebitda and Income Before Tax is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Ebitda of Heron Therapeuti are associated (or correlated) with its Income Before Tax. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Income Before Tax has no effect on the direction of Ebitda i.e., Heron Therapeuti's Ebitda and Income Before Tax go up and down completely randomly.

Correlation Coefficient

1.0
Relationship DirectionPositive 
Relationship StrengthVery Strong

Ebitda

Income Before Tax

Income Before Tax which can also be referred as pre-tax income is reported on Heron Therapeuti income statement and is an important metric when analyzing Heron Therapeuti profitability. Accounting techniques because taxes can be complex, and not perfectly consistent from one company to company, an analyst may use pre-tax income as a more stable measure of profitability.
Most indicators from Heron Therapeuti's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Heron Therapeuti 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Heron Therapeuti. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.
For more information on how to buy Heron Stock please use our How to Invest in Heron Therapeuti guide.At this time, Heron Therapeuti's Selling General Administrative is fairly stable compared to the past year. Discontinued Operations is likely to rise to about 1.3 M in 2024, whereas Issuance Of Capital Stock is likely to drop slightly above 28.3 M in 2024.
 2021 2022 2023 2024 (projected)
Total Operating Expenses258.2M227.5M172.6M181.2M
Cost Of Revenue46.0M54.9M65.1M68.4M

Heron Therapeuti fundamental ratios Correlations

0.230.890.860.780.760.07-0.650.280.660.230.910.780.640.00.770.50.661.00.410.710.710.35-0.09-0.06-0.7
0.230.560.48-0.420.620.91-0.86-0.230.770.87-0.150.640.850.930.770.950.770.150.050.770.19-0.090.00.22-0.52
0.890.560.960.440.90.38-0.890.170.840.460.650.910.880.310.950.790.870.850.480.890.730.25-0.090.03-0.81
0.860.480.960.460.780.25-0.810.320.720.360.660.90.810.180.880.730.750.840.680.80.650.46-0.12-0.03-0.8
0.78-0.420.440.460.31-0.51-0.040.390.13-0.320.950.290.04-0.570.21-0.150.110.830.280.160.520.34-0.07-0.19-0.31
0.760.620.90.780.310.46-0.880.110.970.60.490.750.840.440.910.780.940.70.240.90.84-0.14-0.020.09-0.75
0.070.910.380.25-0.510.46-0.7-0.610.60.77-0.290.510.70.890.60.810.630.0-0.260.650.0-0.20.050.27-0.37
-0.65-0.86-0.89-0.81-0.04-0.88-0.70.0-0.92-0.74-0.3-0.88-0.98-0.7-0.98-0.97-0.94-0.58-0.29-0.95-0.56-0.060.03-0.150.72
0.28-0.230.170.320.390.11-0.610.00.04-0.140.390.03-0.02-0.320.06-0.09-0.010.30.71-0.060.370.3-0.12-0.21-0.11
0.660.770.840.720.130.970.6-0.920.040.790.340.740.860.610.910.870.920.590.180.930.74-0.150.010.13-0.73
0.230.870.460.36-0.320.60.77-0.74-0.140.79-0.10.490.670.840.660.810.620.15-0.030.750.28-0.140.060.18-0.47
0.91-0.150.650.660.950.49-0.29-0.30.390.34-0.10.50.3-0.350.460.130.330.940.380.370.580.42-0.11-0.17-0.46
0.780.640.910.90.290.750.51-0.880.030.740.490.50.90.410.910.830.810.750.440.890.460.39-0.040.13-0.83
0.640.850.880.810.040.840.7-0.98-0.020.860.670.30.90.690.980.960.940.590.280.910.490.08-0.070.15-0.7
0.00.930.310.18-0.570.440.89-0.7-0.320.610.84-0.350.410.690.580.790.61-0.08-0.210.590.01-0.290.110.33-0.22
0.770.770.950.880.210.910.6-0.980.060.910.660.460.910.980.580.920.940.710.330.950.630.11-0.050.12-0.75
0.50.950.790.73-0.150.780.81-0.97-0.090.870.810.130.830.960.790.920.880.430.250.90.40.08-0.040.17-0.69
0.660.770.870.750.110.940.63-0.94-0.010.920.620.330.810.940.610.940.880.590.190.890.65-0.16-0.010.18-0.73
1.00.150.850.840.830.70.0-0.580.30.590.150.940.750.59-0.080.710.430.590.420.640.670.4-0.09-0.08-0.67
0.410.050.480.680.280.24-0.26-0.290.710.18-0.030.380.440.28-0.210.330.250.190.420.210.310.62-0.13-0.14-0.48
0.710.770.890.80.160.90.65-0.95-0.060.930.750.370.890.910.590.950.90.890.640.210.640.080.010.15-0.77
0.710.190.730.650.520.840.0-0.560.370.740.280.580.460.490.010.630.40.650.670.310.64-0.11-0.01-0.04-0.54
0.35-0.090.250.460.34-0.14-0.2-0.060.3-0.15-0.140.420.390.08-0.290.110.08-0.160.40.620.08-0.11-0.17-0.2-0.25
-0.090.0-0.09-0.12-0.07-0.020.050.03-0.120.010.06-0.11-0.04-0.070.11-0.05-0.04-0.01-0.09-0.130.01-0.01-0.170.950.16
-0.060.220.03-0.03-0.190.090.27-0.15-0.210.130.18-0.170.130.150.330.120.170.18-0.08-0.140.15-0.04-0.20.950.05
-0.7-0.52-0.81-0.8-0.31-0.75-0.370.72-0.11-0.73-0.47-0.46-0.83-0.7-0.22-0.75-0.69-0.73-0.67-0.48-0.77-0.54-0.250.160.05
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Heron Therapeuti Account Relationship Matchups

Heron Therapeuti fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets512.8M353.6M305.7M251.0M222.5M233.6M
Short Long Term Debt Total19.8M24.6M159.5M157.5M179.6M188.6M
Other Current Liab86.4M88.9M62.4M73.7M70.3M73.8M
Total Current Liabilities96.7M102.5M71.1M82.4M79.7M83.7M
Total Stockholder Equity403.8M236.5M77.6M13.6M(34.0M)(32.3M)
Property Plant And Equipment Net33.4M39.0M33.6M29.8M25.6M26.9M
Net Debt(52.1M)(80.5M)69.0M142.1M151.0M158.5M
Retained Earnings(1.2B)(1.4B)(1.6B)(1.8B)(1.9B)(1.8B)
Cash71.9M105.1M90.5M15.4M28.7M27.8M
Non Current Assets Total33.7M39.4M51.3M45.5M33.7M35.4M
Cash And Short Term Investments391.0M208.5M157.6M84.9M80.4M60.9M
Net Receivables39.9M41.9M35.5M52.0M60.1M63.1M
Common Stock Shares Outstanding81.8M90.8M98.5M108.9M138.1M145.0M
Liabilities And Stockholders Equity512.8M353.6M305.7M251.0M222.5M233.6M
Non Current Liabilities Total12.2M14.6M157.1M155.0M176.8M185.6M
Other Stockholder Equity1.6B1.6B1.7B1.8B1.9B2.0B
Total Liab108.9M117.1M228.1M237.4M256.5M269.3M
Property Plant And Equipment Gross33.4M39.0M33.6M29.8M42.6M44.8M
Total Current Assets479.1M314.2M254.4M205.4M188.8M198.2M
Accumulated Other Comprehensive Income85K257K(6K)(19K)13K13.7K
Short Term Debt7.6M13.0M4.8M5.4M6.2M4.0M
Inventory25.0M41.9M48.4M54.6M42.1M44.2M
Other Current Assets23.2M43.9M25.9M14.0M6.1M5.5M
Accounts Payable2.8M525K3.8M3.2M3.2M3.2M
Common Stock Total Equity782K903K913K1.0M1.2M658.0K
Common Stock903K913K1.0M1.2M1.5M1.6M
Other Assets346K16.6M17.7M15.7M18.1M19.0M
Short Term Investments319.1M103.4M67.0M69.5M51.7M55.8M
Property Plant Equipment19.6M22.7M33.6M29.8M34.3M36.0M
Net Tangible Assets403.8M236.5M77.6M13.6M15.6M14.8M
Retained Earnings Total Equity(960.7M)(1.2B)(1.4B)(1.6B)(1.5B)(1.4B)
Capital Surpluse1.3B1.6B1.6B1.7B1.9B2.0B
Short Long Term Debt28.7M4.6M5.6M7.1M8.1M8.3M
Net Invested Capital409.5M243.5M226.7M162.9M139.8M196.2M
Net Working Capital382.4M211.7M183.4M123.1M109.1M170.3M

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