IRIDEX Total Cash From Operating Activities vs Non Current Liabilities Total Analysis

IRIX Stock  USD 1.73  0.01  0.57%   
IRIDEX financial indicator trend analysis is infinitely more than just investigating IRIDEX recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether IRIDEX is a good investment. Please check the relationship between IRIDEX Total Cash From Operating Activities and its Non Current Liabilities Total accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in IRIDEX. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.
For more information on how to buy IRIDEX Stock please use our How to Invest in IRIDEX guide.

Total Cash From Operating Activities vs Non Current Liabilities Total

Total Cash From Operating Activities vs Non Current Liabilities Total Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of IRIDEX Total Cash From Operating Activities account and Non Current Liabilities Total. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between IRIDEX's Total Cash From Operating Activities and Non Current Liabilities Total is -0.17. Overlapping area represents the amount of variation of Total Cash From Operating Activities that can explain the historical movement of Non Current Liabilities Total in the same time period over historical financial statements of IRIDEX, assuming nothing else is changed. The correlation between historical values of IRIDEX's Total Cash From Operating Activities and Non Current Liabilities Total 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 Cash From Operating Activities of IRIDEX are associated (or correlated) with its Non Current Liabilities Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Liabilities Total has no effect on the direction of Total Cash From Operating Activities i.e., IRIDEX's Total Cash From Operating Activities and Non Current Liabilities Total go up and down completely randomly.

Correlation Coefficient

-0.17
Relationship DirectionNegative 
Relationship StrengthInsignificant

Total Cash From Operating Activities

Non Current Liabilities Total

Most indicators from IRIDEX's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into IRIDEX 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 IRIDEX. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.
For more information on how to buy IRIDEX Stock please use our How to Invest in IRIDEX guide.Selling General Administrative is likely to drop to about 8.2 M in 2024. Discontinued Operations is likely to drop to about 375.2 K in 2024
 2021 2022 2023 2024 (projected)
Gross Profit22.8M25.4M21.8M19.0M
Total Revenue53.9M57.0M51.9M40.7M

IRIDEX fundamental ratios Correlations

0.580.70.660.38-0.72-0.260.470.810.480.080.810.880.580.82-0.110.640.470.960.530.080.510.310.550.10.09
0.580.760.120.64-0.47-0.610.380.630.120.130.640.640.640.24-0.030.780.590.610.140.210.720.340.74-0.280.57
0.70.760.090.71-0.37-0.770.690.530.320.460.530.790.930.530.080.930.80.680.370.380.850.630.89-0.250.45
0.660.120.09-0.14-0.790.48-0.260.660.2-0.540.650.430.00.56-0.180.13-0.350.670.53-0.540.05-0.35-0.010.25-0.39
0.380.640.71-0.14-0.05-0.760.530.250.320.190.250.680.810.22-0.210.820.670.320.140.420.850.470.86-0.220.52
-0.72-0.47-0.37-0.79-0.05-0.140.1-0.940.090.4-0.93-0.46-0.21-0.450.11-0.390.02-0.83-0.350.42-0.240.01-0.250.240.0
-0.26-0.61-0.770.48-0.76-0.14-0.76-0.14-0.14-0.63-0.16-0.51-0.8-0.17-0.02-0.75-0.9-0.25-0.12-0.67-0.75-0.63-0.810.36-0.56
0.470.380.69-0.260.530.1-0.760.110.40.770.140.630.610.59-0.10.540.870.390.120.80.50.630.58-0.070.24
0.810.630.530.660.25-0.94-0.140.11-0.05-0.251.00.590.370.5-0.120.540.230.920.44-0.190.380.090.41-0.320.1
0.480.120.320.20.320.09-0.140.4-0.050.22-0.050.560.40.45-0.140.270.370.210.130.220.310.390.340.790.16
0.080.130.46-0.540.190.4-0.630.77-0.250.22-0.230.180.380.230.380.250.730.02-0.140.70.190.650.28-0.070.29
0.810.640.530.650.25-0.93-0.160.141.0-0.05-0.230.60.360.5-0.120.530.250.920.44-0.160.370.10.4-0.320.1
0.880.640.790.430.68-0.46-0.510.630.590.560.180.60.760.8-0.320.80.60.790.450.290.770.350.780.110.22
0.580.640.930.00.81-0.21-0.80.610.370.40.380.360.760.430.00.950.750.510.370.310.930.620.96-0.160.48
0.820.240.530.560.22-0.45-0.170.590.50.450.230.50.80.43-0.290.470.350.760.510.220.370.170.370.17-0.19
-0.11-0.030.08-0.18-0.210.11-0.02-0.1-0.12-0.140.38-0.12-0.320.0-0.29-0.110.08-0.080.03-0.08-0.220.28-0.18-0.160.12
0.640.780.930.130.82-0.39-0.750.540.540.270.250.530.80.950.47-0.110.680.620.380.250.960.50.97-0.270.5
0.470.590.8-0.350.670.02-0.90.870.230.370.730.250.60.750.350.080.680.40.030.70.620.830.74-0.180.6
0.960.610.680.670.32-0.83-0.250.390.920.210.020.920.790.510.76-0.080.620.40.550.020.470.220.5-0.140.05
0.530.140.370.530.14-0.35-0.120.120.440.13-0.140.440.450.370.510.030.380.030.55-0.010.33-0.230.240.05-0.35
0.080.210.38-0.540.420.42-0.670.8-0.190.220.7-0.160.290.310.22-0.080.250.70.02-0.010.30.40.31-0.060.29
0.510.720.850.050.85-0.24-0.750.50.380.310.190.370.770.930.37-0.220.960.620.470.330.30.410.97-0.180.51
0.310.340.63-0.350.470.01-0.630.630.090.390.650.10.350.620.170.280.50.830.22-0.230.40.410.57-0.120.68
0.550.740.89-0.010.86-0.25-0.810.580.410.340.280.40.780.960.37-0.180.970.740.50.240.310.970.57-0.20.59
0.1-0.28-0.250.25-0.220.240.36-0.07-0.320.79-0.07-0.320.11-0.160.17-0.16-0.27-0.18-0.140.05-0.06-0.18-0.12-0.2-0.18
0.090.570.45-0.390.520.0-0.560.240.10.160.290.10.220.48-0.190.120.50.60.05-0.350.290.510.680.59-0.18
Click cells to compare fundamentals

IRIDEX Account Relationship Matchups

IRIDEX fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets34.8M28.0M48.7M42.3M34.4M38.2M
Other Current Liab4.3M3.9M6.5M5.1M4.0M4.3M
Total Current Liabilities9.8M8.7M12.6M12.5M13.0M9.3M
Total Stockholder Equity22.7M17.4M23.3M17.2M9.5M9.0M
Property Plant And Equipment Net3.5M1.9M3.0M2.1M3.0M1.5M
Net Debt(9.4M)(7.4M)(21.2M)(12.2M)(4.3M)(4.5M)
Retained Earnings(50.6M)(56.9M)(62.2M)(69.7M)(79.0M)(75.1M)
Accounts Payable2.6M1.1M2.8M3.9M4.5M4.7M
Cash12.7M11.6M23.9M13.9M7.0M12.7M
Non Current Assets Total4.3M2.6M6.4M6.5M7.0M4.4M
Non Currrent Assets Other151K132K271K1.5M1.4M1.5M
Cash And Short Term Investments12.7M11.6M23.9M13.9M7.0M13.9M
Net Receivables9.3M7.3M9.7M9.8M9.7M8.4M
Common Stock Shares Outstanding13.7M13.8M15.4M15.9M16.1M10.5M
Liabilities And Stockholders Equity34.8M28.0M48.7M42.3M34.4M38.2M
Inventory8.2M5.7M7.6M10.6M9.9M9.6M
Other Current Assets401K1.5M2.1M1.5M856K1.4M
Other Stockholder Equity73.1M74.2M85.3M86.8M88.4M47.5M
Total Liab12.1M10.6M25.4M25.1M24.9M26.2M
Total Current Assets30.6M25.4M42.3M35.8M27.5M33.8M
Property Plant And Equipment Gross3.5M449K3.0M2.1M16.7M17.6M
Accumulated Other Comprehensive Income80K(19K)45K(24K)(52K)(54.6K)
Common Stock Total Equity126K145K147K148K170.2K105.1K
Intangible Assets84K68K2.2M2.0M1.6M843.2K
Common Stock147K148K168K169K172K114.4K
Other Assets151K1.6M271K1.5M1.7M1.6M
Property Plant Equipment730K1.9M3.0M2.1M2.4M1.3M
Current Deferred Revenue1.5M938K2.4M2.4M2.4M1.9M
Non Current Liabilities Total2.3M1.9M12.7M12.6M11.9M12.5M
Short Term Debt1.4M2.7M927K1.0M2.0M2.1M
Other Liab535K392K11.0M11.9M13.7M14.3M
Net Tangible Assets22.1M16.8M20.1M14.3M12.9M20.2M
Retained Earnings Total Equity(29.0M)(41.8M)(50.6M)(56.9M)(51.2M)(48.7M)
Capital Surpluse59.4M71.5M73.1M74.2M85.3M58.5M
Non Current Liabilities Other2.3M22K25K26K23.4K22.2K
Net Invested Capital22.7M19.9M23.3M17.2M9.5M17.5M
Net Working Capital20.8M16.7M29.6M23.3M14.5M18.6M
Capital Stock147K148K168K169K172K174.0K

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