Innovex Total Current Liabilities vs Depreciation And Amortization Analysis

INVX Stock   13.97  0.16  1.16%   
Innovex International, financial indicator trend analysis is infinitely more than just investigating Innovex International, recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Innovex International, is a good investment. Please check the relationship between Innovex International, Total Current Liabilities and its Depreciation And Amortization accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Innovex International,. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real.
For more information on how to buy Innovex Stock please use our How to Invest in Innovex International, guide.

Total Current Liabilities vs Depreciation And Amortization

Total Current Liabilities vs Depreciation And Amortization Correlation Analysis

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

Correlation Coefficient

0.27
Relationship DirectionPositive 
Relationship StrengthVery Weak

Total Current Liabilities

Total Current Liabilities is an item on Innovex International, balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Innovex International, are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.

Depreciation And Amortization

The systematic reduction in the recorded value of an intangible asset. This includes the allocation of the cost of tangible assets to periods in which the assets are used, representing the expense related to the wear and tear, deterioration, or obsolescence of physical assets and intangible assets over their useful lives.
Most indicators from Innovex International,'s fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Innovex International, 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 Innovex International,. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real.
For more information on how to buy Innovex Stock please use our How to Invest in Innovex International, guide.Tax Provision is expected to decline to about 7.4 M this year. Selling General Administrative is expected to decline to about 64.7 M this year
 2021 2022 2023 2024 (projected)
Interest Expense2.2M4.0M4.6M4.9M
Depreciation And Amortization17.7M18.5M30.5M27.1M

Innovex International, fundamental ratios Correlations

-0.780.580.581.00.97-0.3-0.930.960.070.920.950.880.020.930.820.53-0.740.870.84-0.450.121.00.610.930.27
-0.78-0.42-0.4-0.8-0.840.010.8-0.79-0.02-0.77-0.74-0.630.15-0.78-0.62-0.360.94-0.61-0.630.420.19-0.77-0.21-0.84-0.09
0.58-0.420.940.520.62-0.13-0.320.380.130.290.390.40.130.290.690.74-0.480.830.60.130.660.620.550.620.42
0.58-0.40.940.520.6-0.06-0.340.40.350.310.450.430.110.320.710.72-0.410.760.490.130.760.610.470.640.38
1.0-0.80.520.520.97-0.3-0.950.980.030.940.950.880.030.950.790.5-0.770.840.84-0.490.030.990.60.930.26
0.97-0.840.620.60.97-0.19-0.90.930.020.890.930.90.00.890.780.55-0.790.860.81-0.420.110.960.530.960.28
-0.30.01-0.13-0.06-0.3-0.190.19-0.33-0.09-0.19-0.26-0.13-0.12-0.19-0.36-0.110.09-0.32-0.20.310.04-0.3-0.67-0.09-0.19
-0.930.8-0.32-0.34-0.95-0.90.19-0.950.1-0.99-0.93-0.88-0.15-0.99-0.62-0.480.77-0.67-0.710.510.18-0.91-0.48-0.9-0.17
0.96-0.790.380.40.980.93-0.33-0.950.060.940.950.870.030.950.760.4-0.750.740.81-0.64-0.090.950.530.880.18
0.07-0.020.130.350.030.02-0.090.10.06-0.110.1-0.06-0.38-0.080.42-0.190.150.0-0.10.020.490.07-0.210.04-0.27
0.92-0.770.290.310.940.89-0.19-0.990.94-0.110.930.890.091.00.60.42-0.730.670.71-0.51-0.170.90.470.870.16
0.95-0.740.390.450.950.93-0.26-0.930.950.10.930.92-0.010.940.680.4-0.670.730.69-0.490.030.910.520.890.2
0.88-0.630.40.430.880.9-0.13-0.880.87-0.060.890.920.080.890.60.41-0.550.690.66-0.460.090.850.440.850.21
0.020.150.130.110.030.0-0.12-0.150.03-0.380.09-0.010.080.07-0.090.67-0.020.050.09-0.03-0.10.040.360.130.29
0.93-0.780.290.320.950.89-0.19-0.990.95-0.081.00.940.890.070.610.41-0.730.660.7-0.52-0.170.90.460.880.15
0.82-0.620.690.710.790.78-0.36-0.620.760.420.60.680.6-0.090.610.43-0.520.760.75-0.310.40.850.470.770.07
0.53-0.360.740.720.50.55-0.11-0.480.4-0.190.420.40.410.670.410.43-0.50.660.510.070.280.550.640.650.53
-0.740.94-0.48-0.41-0.77-0.790.090.77-0.750.15-0.73-0.67-0.55-0.02-0.73-0.52-0.5-0.67-0.680.440.24-0.75-0.4-0.77-0.29
0.87-0.610.830.760.840.86-0.32-0.670.740.00.670.730.690.050.660.760.66-0.670.84-0.210.370.890.760.790.56
0.84-0.630.60.490.840.81-0.2-0.710.81-0.10.710.690.660.090.70.750.51-0.680.84-0.490.060.870.60.740.31
-0.450.420.130.13-0.49-0.420.310.51-0.640.02-0.51-0.49-0.46-0.03-0.52-0.310.070.44-0.21-0.490.44-0.43-0.22-0.28-0.06
0.120.190.660.760.030.110.040.18-0.090.49-0.170.030.09-0.1-0.170.40.280.240.370.060.440.140.180.130.17
1.0-0.770.620.610.990.96-0.3-0.910.950.070.90.910.850.040.90.850.55-0.750.890.87-0.430.140.630.930.28
0.61-0.210.550.470.60.53-0.67-0.480.53-0.210.470.520.440.360.460.470.64-0.40.760.6-0.220.180.630.460.63
0.93-0.840.620.640.930.96-0.09-0.90.880.040.870.890.850.130.880.770.65-0.770.790.74-0.280.130.930.460.21
0.27-0.090.420.380.260.28-0.19-0.170.18-0.270.160.20.210.290.150.070.53-0.290.560.31-0.060.170.280.630.21
Click cells to compare fundamentals

Innovex International, Account Relationship Matchups

Innovex International, fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets1.2B1.2B284.9M436.3M1.0B1.1B
Other Current Liab42.2M35.5M18.4M23.4M42.1M45.8M
Total Current Liabilities96.9M85.5M69.6M85.0M117.7M87.0M
Total Stockholder Equity1.1B1.0B180.6M251.3M881.3M918.2M
Property Plant And Equipment Net263.6M242.0M37.5M69.9M235.1M237.2M
Current Deferred Revenue6.9M11.3M9.7M8.0M7.6M11.1M
Net Debt(397.4M)(344.7M)25.5M73.0M(189.1M)(198.5M)
Retained Earnings1.2B1.1B8.7M72.0M950.7M858.4M
Accounts Payable46.3M37.4M38.3M41.7M65.7M40.8M
Cash398.9M346.0M9.7M8.4M191.4M265.3M
Non Current Assets Total326.1M288.0M92.0M153.9M308.5M273.5M
Non Currrent Assets Other13.5M10.9M(9.5M)3.5M5.8M8.7M
Cash And Short Term Investments398.9M346.0M9.7M8.4M217.3M266.7M
Net Receivables248.2M256.5M82.7M126.2M284.0M216.8M
Common Stock Shares Outstanding