InMed Interest Coverage vs Price To Sales Ratio Analysis

INM Stock  USD 5.26  0.11  2.14%   
InMed Pharmaceuticals financial indicator trend analysis is infinitely more than just investigating InMed Pharmaceuticals recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether InMed Pharmaceuticals is a good investment. Please check the relationship between InMed Pharmaceuticals Interest Coverage and its Price To Sales Ratio accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in InMed Pharmaceuticals. 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.
To learn how to invest in InMed Stock, please use our How to Invest in InMed Pharmaceuticals guide.

Interest Coverage vs Price To Sales Ratio

Interest Coverage vs Price To Sales Ratio Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of InMed Pharmaceuticals Interest Coverage account and Price To Sales Ratio. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between InMed Pharmaceuticals' Interest Coverage and Price To Sales Ratio is -0.27. Overlapping area represents the amount of variation of Interest Coverage that can explain the historical movement of Price To Sales Ratio in the same time period over historical financial statements of InMed Pharmaceuticals, assuming nothing else is changed. The correlation between historical values of InMed Pharmaceuticals' Interest Coverage and Price To Sales Ratio is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Interest Coverage of InMed Pharmaceuticals are associated (or correlated) with its Price To Sales Ratio. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Price To Sales Ratio has no effect on the direction of Interest Coverage i.e., InMed Pharmaceuticals' Interest Coverage and Price To Sales Ratio go up and down completely randomly.

Correlation Coefficient

-0.27
Relationship DirectionNegative 
Relationship StrengthInsignificant

Interest Coverage

Price To Sales Ratio

Price to Sales Ratio is figured by comparing InMed Pharmaceuticals stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on InMed Pharmaceuticals sales, a figure that is much harder to manipulate than other InMed Pharmaceuticals multiples. Because sales tend to be more stable P/S ratio can be a good tool for screening cyclical companies fluctuating earnings patterns. A valuation ratio that compares a company's stock price to its revenues, calculated by dividing the company's market cap by its total sales or revenue over a 12-month period.
Most indicators from InMed Pharmaceuticals' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into InMed Pharmaceuticals 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 InMed Pharmaceuticals. 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.
To learn how to invest in InMed Stock, please use our How to Invest in InMed Pharmaceuticals guide.At this time, InMed Pharmaceuticals' Selling General Administrative is very stable compared to the past year. As of the 15th of December 2024, Tax Provision is likely to grow to 7,407, though Enterprise Value Multiple is likely to grow to (2.02).
 2021 2023 2024 (projected)
Interest Expense96.1K86.5K153.3K
Depreciation And Amortization511.8K604.5K634.7K

InMed Pharmaceuticals fundamental ratios Correlations

0.60.990.2-0.93-0.580.760.920.31-0.110.920.40.340.380.67-0.07-0.26-0.240.60.990.20.360.51-0.330.430.09
0.60.470.35-0.4-0.80.80.450.58-0.10.390.360.30.30.22-0.32-0.270.180.940.520.440.490.88-0.760.760.18
0.990.470.13-0.96-0.460.690.950.19-0.10.960.330.260.320.68-0.03-0.25-0.320.460.990.110.260.39-0.240.330.08
0.20.350.130.08-0.320.28-0.090.750.77-0.050.690.490.450.270.07-0.090.390.450.09-0.090.320.17-0.120.4-0.73
-0.93-0.4-0.960.080.37-0.63-0.990.010.25-0.98-0.14-0.13-0.18-0.560.130.210.43-0.36-0.97-0.07-0.14-0.350.23-0.19-0.23
-0.58-0.8-0.46-0.320.37-0.52-0.37-0.750.32-0.29-0.72-0.75-0.76-0.210.170.39-0.41-0.9-0.49-0.74-0.81-0.670.55-0.8-0.28
0.760.80.690.28-0.63-0.520.640.270.010.670.220.150.090.66-0.18-0.02-0.330.750.740.040.290.86-0.40.380.01
0.920.450.95-0.09-0.99-0.370.64-0.01-0.250.980.110.090.150.53-0.14-0.22-0.430.370.960.070.120.38-0.270.230.28
0.310.580.190.750.01-0.750.27-0.010.23-0.050.830.740.730.120.12-0.310.670.730.170.590.760.33-0.390.82-0.24
-0.11-0.1-0.10.770.250.320.01-0.250.23-0.150.17-0.09-0.080.130.080.050.11-0.12-0.16-0.6-0.31-0.20.1-0.1-0.91
0.920.390.96-0.05-0.98-0.290.670.98-0.05-0.150.10.050.110.64-0.1-0.17-0.50.320.97-0.040.050.38-0.190.160.18
0.40.360.330.69-0.14-0.720.220.110.830.170.10.920.940.340.21-0.350.470.560.290.420.730.22-0.070.6-0.22
0.340.30.260.49-0.13-0.750.150.090.74-0.090.050.920.90.320.11-0.120.450.560.240.530.860.190.040.49-0.01
0.380.30.320.45-0.18-0.760.090.150.73-0.080.110.940.90.170.16-0.540.490.490.280.570.680.19-0.140.610.01
0.670.220.680.27-0.56-0.210.660.530.120.130.640.340.320.170.130.28-0.390.30.67-0.160.30.340.240.02-0.16
-0.07-0.32-0.030.070.130.17-0.18-0.140.120.08-0.10.210.110.160.13-0.07-0.14-0.26-0.090.10.16-0.290.530.13-0.08
-0.26-0.27-0.25-0.090.210.39-0.02-0.22-0.310.05-0.17-0.35-0.12-0.540.28-0.07-0.27-0.17-0.22-0.350.03-0.180.53-0.54-0.08
-0.240.18-0.320.390.43-0.41-0.33-0.430.670.11-0.50.470.450.49-0.39-0.14-0.270.28-0.340.550.45-0.1-0.40.53-0.11
0.60.940.460.45-0.36-0.90.750.370.73-0.120.320.560.560.490.3-0.26-0.170.280.50.530.710.82-0.620.740.09
0.990.520.990.09-0.97-0.490.740.960.17-0.160.970.290.240.280.67-0.09-0.22-0.340.50.140.270.47-0.290.330.14
0.20.440.11-0.09-0.07-0.740.040.070.59-0.6-0.040.420.530.57-0.160.1-0.350.550.530.140.760.28-0.430.740.53
0.360.490.260.32-0.14-0.810.290.120.76-0.310.050.730.860.680.30.160.030.450.710.270.760.35-0.120.650.22
0.510.880.390.17-0.35-0.670.860.380.33-0.20.380.220.190.190.34-0.29-0.18-0.10.820.470.280.35-0.570.520.24
-0.33-0.76-0.24-0.120.230.55-0.4-0.27-0.390.1-0.19-0.070.04-0.140.240.530.53-0.4-0.62-0.29-0.43-0.12-0.57-0.64-0.15
0.430.760.330.4-0.19-0.80.380.230.82-0.10.160.60.490.610.020.13-0.540.530.740.330.740.650.52-0.640.2
0.090.180.08-0.73-0.23-0.280.010.28-0.24-0.910.18-0.22-0.010.01-0.16-0.08-0.08-0.110.090.140.530.220.24-0.150.2
Click cells to compare fundamentals

InMed Pharmaceuticals Account Relationship Matchups

InMed Pharmaceuticals fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets7.5M9.8M12.8M14.1M11.8M12.4M
Total Current Liabilities1.7M2.2M3.3M2.0M2.0M1.1M
Total Stockholder Equity5.6M7.4M9.1M12.1M9.2M9.7M
Property Plant And Equipment Net402.6K326.6K904.3K723.4K1.2M1.3M
Net Debt(5.5M)(7.1M)(5.4M)(8.5M)(5.6M)(5.3M)
Retained Earnings(56.0M)(74.9M)(93.5M)(101.4M)(109.1M)(103.6M)
Accounts Payable959.2K775.1K1.2M544.2K626.2K615.9K
Cash5.8M7.4M6.2M8.9M6.6M3.4M
Non Current Assets Total1.2M1.4M3.2M2.8M3.1M3.3M
Cash And Short Term Investments5.8M7.4M6.2M8.9M6.6M3.9M
Net Receivables45.2K11.9K88.0K260.4K352.8K370.5K
Common Stock Shares Outstanding208.8K270K560.8K2.4M7.6M8.0M
Short Term Investments42.3K46.5K44.8K44.4M43.1M45.2M
Liabilities And Stockholders Equity7.5M9.8M12.8M14.1M11.8M12.4M
Non Current Liabilities Total247.5K189.3K389.5K16.0K644.9K677.1K
Inventory(919.56)(955.8M)2.5M1.6M1.2M1.3M
Other Current Assets418.9K956.8K842.0K(8.9B)477.7K501.6K
Other Stockholder Equity(59.5M)21.5M31.7M35.7M35.4M37.1M
Total Liab1.9M2.4M3.7M2.0M2.6M2.7M
Total Current Assets6.3M8.4M9.6M11.3M8.7M9.1M
Accumulated Other Comprehensive Income59.6M63.4M70.8M128.6K147.9K140.5K
Intangible Assets799.3K1.1M2.1M1.9M1.8M1.9M
Common Stock50.2M60.6M70.7M77.6M82.8M53.5M
Net Tangible Assets6.5M6.3M7.0M10.1M9.1M9.1M
Net Invested Capital5.6M7.4M9.1M12.1M9.2M8.4M
Net Working Capital4.6M6.2M6.3M9.3M6.7M7.1M
Property Plant Equipment549.9K326.6K904.3K723.4K831.9K873.5K
Capital Stock50.2M60.6M70.7M77.6M82.8M72.3M

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When determining whether InMed Pharmaceuticals is a strong investment it is important to analyze InMed Pharmaceuticals' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact InMed Pharmaceuticals' future performance. For an informed investment choice regarding InMed Stock, refer to the following important reports:
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in InMed Pharmaceuticals. 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.
To learn how to invest in InMed Stock, please use our How to Invest in InMed Pharmaceuticals guide.
You can also try the Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.
Is Biotechnology space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of InMed Pharmaceuticals. If investors know InMed will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about InMed Pharmaceuticals listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
230.4
Revenue Per Share
0.603
Quarterly Revenue Growth
(0.45)
Return On Assets
(0.39)
Return On Equity
(0.72)
The market value of InMed Pharmaceuticals is measured differently than its book value, which is the value of InMed that is recorded on the company's balance sheet. Investors also form their own opinion of InMed Pharmaceuticals' value that differs from its market value or its book value, called intrinsic value, which is InMed Pharmaceuticals' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because InMed Pharmaceuticals' market value can be influenced by many factors that don't directly affect InMed Pharmaceuticals' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between InMed Pharmaceuticals' value and its price as these two are different measures arrived at by different means. Investors typically determine if InMed Pharmaceuticals is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, InMed Pharmaceuticals' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.