Profound Investments vs Depreciation Analysis

PRN Stock

CAD 11.09 0.10 0.91%

Profound Medical financial indicator trend analysis is much more than just breaking down Profound Medical Corp prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Profound Medical Corp is a good investment. Please check the relationship between Profound Medical Investments and its Depreciation accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Profound Medical 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.

Investments vs Depreciation

Investments vs Depreciation Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Profound Medical Corp Investments account and Depreciation. At this time, the significance of the direction appears to have strong relationship.

The correlation between Profound Medical's Investments and Depreciation is 0.6. Overlapping area represents the amount of variation of Investments that can explain the historical movement of Depreciation in the same time period over historical financial statements of Profound Medical Corp, assuming nothing else is changed. The correlation between historical values of Profound Medical's Investments and Depreciation is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Investments of Profound Medical Corp are associated (or correlated) with its Depreciation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Depreciation has no effect on the direction of Investments i.e., Profound Medical's Investments and Depreciation go up and down completely randomly.

Correlation Coefficient

0.6

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Investments

Securities or assets acquired for generating income or appreciating in value, not used in daily operations.

Depreciation

Depreciation indicates how much of Profound Medical Corp value has been used up. For tax purposes Profound Medical can deduct the cost of the tangible assets it purchases as business expenses. However, Profound Medical Corp must depreciate these assets in accordance with IRS rules about how and when the deduction may be taken, and how long it will last. The systematic allocation of the cost of a tangible asset over its useful life.

Most indicators from Profound Medical's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Profound Medical 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in Profound Medical 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, Profound Medical's Sales General And Administrative To Revenue is very stable compared to the past year. As of the 9th of January 2025, Enterprise Value is likely to grow to about 206.9 M, while Selling General Administrative is likely to drop about 6.9 M.

	2022	2023	2024	2025 (projected)
Interest Expense	174K	770K	693K	718.0K
Depreciation And Amortization	2.1M	1.5M	1.8M	1.4M

Interest Expense Depreciation And Amortization

Profound Medical fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Intangible Assets
Total Assets		0.07	0.55	0.53	0.99	0.85	0.63	-0.95	-0.78	0.72	0.99	0.65	0.47	0.79	0.99	0.61	0.85	0.85	0.22	0.77	0.71	0.51	0.52	1.0	-0.1	0.34
Short Long Term Debt Total	0.07		0.65	0.63	-0.09	0.38	0.52	0.19	-0.44	0.45	-0.05	0.17	-0.03	0.36	-0.05	0.3	0.4	0.38	0.92	0.52	0.54	0.83	0.47	0.05	0.57	0.32
Other Current Liab	0.55	0.65		0.74	0.43	0.6	0.64	-0.38	-0.68	0.77	0.48	0.41	0.34	0.48	0.49	0.44	0.72	0.64	0.62	0.84	0.63	0.85	0.54	0.54	0.32	0.42
Total Current Liabilities	0.53	0.63	0.74		0.39	0.83	0.71	-0.3	-0.71	0.95	0.41	0.7	0.66	0.62	0.39	0.6	0.73	0.69	0.54	0.83	0.72	0.92	0.71	0.48	0.74	0.74
Total Stockholder Equity	0.99	-0.09	0.43	0.39		0.78	0.54	-0.99	-0.69	0.61	1.0	0.6	0.42	0.74	1.0	0.54	0.78	0.78	0.07	0.67	0.62	0.36	0.42	0.99	-0.23	0.25
Property Plant And Equipment Net	0.85	0.38	0.6	0.83	0.78		0.76	-0.7	-0.82	0.87	0.78	0.75	0.57	0.87	0.77	0.69	0.86	0.86	0.4	0.86	0.81	0.76	0.69	0.83	0.41	0.54
Current Deferred Revenue	0.63	0.52	0.64	0.71	0.54	0.76		-0.4	-0.94	0.75	0.54	0.32	0.41	0.91	0.54	0.82	0.93	0.86	0.57	0.91	0.96	0.76	0.96	0.63	0.38	0.14
Net Debt	-0.95	0.19	-0.38	-0.3	-0.99	-0.7	-0.4		0.58	-0.53	-0.98	-0.59	-0.37	-0.62	-0.98	-0.42	-0.67	-0.68	0.03	-0.57	-0.49	-0.26	-0.28	-0.96	0.31	-0.25
Retained Earnings	-0.78	-0.44	-0.68	-0.71	-0.69	-0.82	-0.94	0.58		-0.79	-0.69	-0.41	-0.53	-0.91	-0.69	-0.82	-0.97	-0.96	-0.56	-0.93	-0.96	-0.77	-0.86	-0.78	-0.26	-0.22
Accounts Payable	0.72	0.45	0.77	0.95	0.61	0.87	0.75	-0.53	-0.79		0.62	0.76	0.72	0.68	0.61	0.64	0.84	0.79	0.42	0.89	0.76	0.86	0.72	0.68	0.53	0.7
Cash	0.99	-0.05	0.48	0.41	1.0	0.78	0.54	-0.98	-0.69	0.62		0.6	0.39	0.73	1.0	0.54	0.78	0.77	0.11	0.68	0.63	0.39	0.42	0.99	-0.21	0.27
Non Current Assets Total	0.65	0.17	0.41	0.7	0.6	0.75	0.32	-0.59	-0.41	0.76	0.6		0.56	0.41	0.59	0.19	0.5	0.5	0.12	0.54	0.43	0.55	0.25	0.58	0.3	0.86
Non Currrent Assets Other	0.47	-0.03	0.34	0.66	0.42	0.57	0.41	-0.37	-0.53	0.72	0.39	0.56		0.37	0.38	0.54	0.53	0.51	0.0	0.53	0.41	0.46	0.44	0.44	0.42	0.61
Other Assets	0.79	0.36	0.48	0.62	0.74	0.87	0.91	-0.62	-0.91	0.68	0.73	0.41	0.37		0.72	0.81	0.92	0.89	0.45	0.85	0.92	0.64	0.84	0.8	0.24	0.13
Cash And Short Term Investments	0.99	-0.05	0.49	0.39	1.0	0.77	0.54	-0.98	-0.69	0.61	1.0	0.59	0.38	0.72		0.52	0.78	0.77	0.11	0.69	0.62	0.39	0.41	0.99	-0.24	0.26
Net Receivables	0.61	0.3	0.44	0.6	0.54	0.69	0.82	-0.42	-0.82	0.64	0.54	0.19	0.54	0.81	0.52		0.81	0.75	0.44	0.72	0.81	0.6	0.87	0.62	0.3	0.16
Common Stock Total Equity	0.85	0.4	0.72	0.73	0.78	0.86	0.93	-0.67	-0.97	0.84	0.78	0.5	0.53	0.92	0.78	0.81		0.94	0.5	0.96	0.95	0.76	0.85	0.85	0.22	0.29
Common Stock Shares Outstanding	0.85	0.38	0.64	0.69	0.78	0.86	0.86	-0.68	-0.96	0.79	0.77	0.5	0.51	0.89	0.77	0.75	0.94		0.54	0.87	0.91	0.74	0.76	0.85	0.19	0.26
Non Current Liabilities Total	0.22	0.92	0.62	0.54	0.07	0.4	0.57	0.03	-0.56	0.42	0.11	0.12	0.0	0.45	0.11	0.44	0.5	0.54		0.54	0.65	0.8	0.49	0.22	0.32	0.21
Other Current Assets	0.77	0.52	0.84	0.83	0.67	0.86	0.91	-0.57	-0.93	0.89	0.68	0.54	0.53	0.85	0.69	0.72	0.96	0.87	0.54		0.89	0.85	0.82	0.76	0.38	0.38
Other Stockholder Equity	0.71	0.54	0.63	0.72	0.62	0.81	0.96	-0.49	-0.96	0.76	0.63	0.43	0.41	0.92	0.62	0.81	0.95	0.91	0.65	0.89		0.79	0.89	0.71	0.3	0.24
Total Liab	0.51	0.83	0.85	0.92	0.36	0.76	0.76	-0.26	-0.77	0.86	0.39	0.55	0.46	0.64	0.39	0.6	0.76	0.74	0.8	0.85	0.79		0.7	0.48	0.6	0.59
Property Plant And Equipment Gross	0.52	0.47	0.54	0.71	0.42	0.69	0.96	-0.28	-0.86	0.72	0.42	0.25	0.44	0.84	0.41	0.87	0.85	0.76	0.49	0.82	0.89	0.7		0.51	0.49	0.16
Total Current Assets	1.0	0.05	0.54	0.48	0.99	0.83	0.63	-0.96	-0.78	0.68	0.99	0.58	0.44	0.8	0.99	0.62	0.85	0.85	0.22	0.76	0.71	0.48	0.51		-0.14	0.27
Short Term Debt	-0.1	0.57	0.32	0.74	-0.23	0.41	0.38	0.31	-0.26	0.53	-0.21	0.3	0.42	0.24	-0.24	0.3	0.22	0.19	0.32	0.38	0.3	0.6	0.49	-0.14		0.49
Intangible Assets	0.34	0.32	0.42	0.74	0.25	0.54	0.14	-0.25	-0.22	0.7	0.27	0.86	0.61	0.13	0.26	0.16	0.29	0.26	0.21	0.38	0.24	0.59	0.16	0.27	0.49

Click cells to compare fundamentals

Profound Medical Account Relationship Matchups

Profound Medical fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	104.6M	86.8M	64.4M	43.9M	50.5M	46.2M
Short Long Term Debt Total	1.7M	1.4M	8.2M	7.9M	9.1M	6.9M
Other Current Liab	530.0K	757K	248K	919K	1.1M	703.0K
Total Current Liabilities	4.8M	4.2M	4.2M	6.4M	7.3M	5.1M
Total Stockholder Equity	97.4M	80.6M	52.0M	31.2M	35.9M	36.2M
Property Plant And Equipment Net	2.3M	1.9M	1.7M	1.5M	1.8M	1.4M
Current Deferred Revenue	358K	477K	471K	721K	829.2K	870.6K
Net Debt	(82.2M)	(65.8M)	(38.3M)	(18.3M)	(16.4M)	(17.3M)
Retained Earnings	(130.0M)	(160.7M)	(189.4M)	(217.9M)	(196.1M)	(186.3M)
Accounts Payable	3.4M	3.2M	2.0M	3.3M	3.8M	2.7M
Cash	83.9M	67.2M	46.5M	26.2M	30.1M	32.4M
Non Current Assets Total	6.9M	9.7M	2.4M	2.0M	2.3M	2.2M
Cash And Short Term Investments	83.9M	67.2M	46.5M	26.2M	30.1M	33.2M
Net Receivables	7.4M	1.4M	6.3M	7.3M	8.4M	8.8M
Common Stock Shares Outstanding	17.3M	20.5M	20.8M	21.2M	24.4M	12.5M
Liabilities And Stockholders Equity	104.6M	86.8M	64.4M	43.9M	50.5M	46.2M
Non Current Liabilities Total	2.4M	2.0M	8.2M	6.4M	7.3M	5.2M
Inventory	5.3M	7.4M	7.9M	7.0M	8.0M	8.4M
Other Current Assets	1.1M	1.1M	1.2M	1.4M	1.6M	1.7M
Other Stockholder Equity	11.3M	17.0M	18.7M	19.7M	22.6M	23.8M
Total Liab	7.3M	6.2M	12.4M	12.7M	14.6M	10.1M
Property Plant And Equipment Gross	2.3M	1.9M	1.7M	4.8M	5.5M	5.8M
Total Current Assets	97.7M	77.1M	62.0M	41.9M	48.2M	41.4M
Accumulated Other Comprehensive Income	4.6M	4.7M	16.8M	12.0M	13.8M	14.5M
Short Term Debt	312K	250K	762K	2.4M	2.7M	1.7M
Intangible Assets	1.9M	1.4M	680K	490K	563.5K	535.3K
Common Stock	211.5M	219.6M	205.8M	217.4M	250.0M	135.6M
Other Liab	654K	1.1M	875K	764K	878.6K	1.1M
Net Tangible Assets	9.3M	92.8M	76.5M	51.3M	59.0M	38.9M
Long Term Debt	6.7M	0.0	6.7M	5M	5.8M	5.3M
Long Term Debt Total	8.8M	1.4M	1.1M	7.5M	8.6M	5.4M
Capital Surpluse	19.6M	11.3M	17.0M	18.7M	21.5M	13.0M
Short Long Term Debt	1.3M	5.1M	523K	2.1M	2.4M	2.7M
Property Plant Equipment	2.2M	2.3M	1.9M	1.7M	2.0M	1.7M
Net Invested Capital	97.4M	80.6M	59.2M	38.3M	44.0M	53.8M

Pair Trading with Profound Medical

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Profound Medical position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Profound Medical will appreciate offsetting losses from the drop in the long position's value.

Moving against Profound Stock

0.33

PFE

Pfizer Inc CDR

Pair Corr

The ability to find closely correlated positions to Profound Medical could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Profound Medical when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Profound Medical - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Profound Medical Corp to buy it.

The correlation of Profound Medical is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Profound Medical moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Profound Medical Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Profound Medical can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

When determining whether Profound Medical Corp is a strong investment it is important to analyze Profound Medical's 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 Profound Medical's future performance. For an informed investment choice regarding Profound Stock, refer to the following important reports:

How To Invest In Profound

Details

Is Profound Stock a good investment?

Details

What is Profound Medical's Net Worth?

Details

Largest Health Care Equipment & Supplies Companies

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Largest Health Care Equipment & Services Companies

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Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Profound Medical 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.

You can also try the Portfolio Analyzer module to portfolio analysis module that provides access to portfolio diagnostics and optimization engine.

Please note, there is a significant difference between Profound Medical's value and its price as these two are different measures arrived at by different means. Investors typically determine if Profound Medical is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Profound Medical's 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.

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Profound Investments vs Depreciation Analysis

Investments vs Depreciation

Investments vs Depreciation Correlation Analysis

Correlation Coefficient

Investments

Depreciation

Profound Medical fundamental ratios Correlations

Profound Medical Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Profound Medical fundamental ratios Accounts

Pair Trading with Profound Medical

Moving against Profound Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Current Assets	+ 1.0	Total Assets
Cash	+ 1.0	Total Stockholder Equity
Cash And Short Term Investments	+ 1.0	Total Stockholder Equity
Cash And Short Term Investments	+ 1.0	Cash
Total Stockholder Equity	+ 0.99	Total Assets
Cash	+ 0.99	Total Assets

Net Debt	- 0.99	Total Stockholder Equity
Cash And Short Term Investments	- 0.98	Net Debt
Cash	- 0.98	Net Debt
Common Stock Total Equity	- 0.97	Retained Earnings
Other Stockholder Equity	- 0.96	Retained Earnings
Common Stock Shares Outstanding	- 0.96	Retained Earnings