Quipt Long Term Debt vs Net Tangible Assets Analysis

QIPT Stock

USD 2.64 0.03 1.12%

Quipt Home financial indicator trend analysis is much more than just breaking down Quipt Home Medical prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Quipt Home Medical is a good investment. Please check the relationship between Quipt Home Long Term Debt and its Net Tangible Assets accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Quipt Home Medical. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

Long Term Debt vs Net Tangible Assets

Long Term Debt vs Net Tangible Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Quipt Home Medical Long Term Debt account and Net Tangible Assets. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Quipt Home's Long Term Debt and Net Tangible Assets is -0.5. Overlapping area represents the amount of variation of Long Term Debt that can explain the historical movement of Net Tangible Assets in the same time period over historical financial statements of Quipt Home Medical, assuming nothing else is changed. The correlation between historical values of Quipt Home's Long Term Debt and Net Tangible Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Long Term Debt of Quipt Home Medical are associated (or correlated) with its Net Tangible Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Tangible Assets has no effect on the direction of Long Term Debt i.e., Quipt Home's Long Term Debt and Net Tangible Assets go up and down completely randomly.

Correlation Coefficient

-0.5

Relationship Direction	Negative
Relationship Strength	Very Weak

View All Relationships

Long Term Debt

Long-term debt is a debt that Quipt Home Medical has held for over one year. Long-term debt appears on Quipt Home Medical balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on Quipt Home Medical balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.

Net Tangible Assets

The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.

Most indicators from Quipt Home's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Quipt Home Medical 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 Quipt Home Medical. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

At this time, Quipt Home's Selling General Administrative is comparatively stable compared to the past year. Tax Provision is likely to gain to about 103 K in 2025, whereas Sales General And Administrative To Revenue is likely to drop 0.40 in 2025.

	2022	2023	2024	2025 (projected)
Total Revenue	221.7M	245.9M	282.8M	296.9M
Interest Expense	6.6M	13.1M	15.1M	15.9M

Total Revenue Interest Expense

Quipt Home fundamental ratios Correlations

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Short Term Investments	Other Stockholder Equity	Total Liab	Total Current Assets	Common Stock	Short Long Term Debt Total	Other Current Liab	Good Will	Non Current Liabilities Total	Inventory	Other Current Assets	Short Term Debt	Current Deferred Revenue	Accounts Payable
Total Assets		0.96	0.93	0.97	0.29	-0.57	0.48	0.98	0.27	0.48	0.98	0.89	-0.27	0.82	0.95	0.89	0.89	0.48	0.73	0.97	0.9	0.96	0.09	0.45	-0.14	0.94
Total Current Liabilities	0.96		0.82	0.98	0.36	-0.7	0.42	0.95	0.3	0.42	0.94	0.96	-0.27	0.85	0.98	0.85	0.93	0.51	0.8	0.92	0.93	0.99	0.12	0.54	-0.21	0.97
Total Stockholder Equity	0.93	0.82		0.84	0.15	-0.44	0.55	0.89	0.14	0.55	0.9	0.74	-0.29	0.64	0.75	0.88	0.81	0.38	0.61	0.9	0.69	0.82	0.16	0.4	-0.09	0.74
Property Plant And Equipment Net	0.97	0.98	0.84		0.39	-0.69	0.36	0.97	0.27	0.36	0.97	0.95	-0.28	0.85	0.97	0.82	0.92	0.5	0.73	0.93	0.93	0.98	0.04	0.52	-0.25	0.98
Net Debt	0.29	0.36	0.15	0.39		-0.42	-0.24	0.33	0.69	-0.24	0.26	0.34	-0.05	0.01	0.38	0.16	0.33	0.87	-0.02	0.26	0.39	0.33	0.05	0.76	-0.32	0.35
Retained Earnings	-0.57	-0.7	-0.44	-0.69	-0.42		-0.27	-0.54	-0.15	-0.27	-0.6	-0.84	0.38	-0.47	-0.62	-0.58	-0.86	-0.53	-0.59	-0.46	-0.54	-0.69	-0.24	-0.69	0.49	-0.62
Cash	0.48	0.42	0.55	0.36	-0.24	-0.27		0.43	0.15	1.0	0.45	0.39	-0.3	0.19	0.37	0.55	0.46	0.25	0.58	0.48	0.32	0.34	-0.07	0.18	0.35	0.3
Non Current Assets Total	0.98	0.95	0.89	0.97	0.33	-0.54	0.43		0.3	0.43	0.98	0.87	-0.23	0.83	0.95	0.79	0.85	0.49	0.67	0.99	0.92	0.95	-0.07	0.45	-0.13	0.94
Non Currrent Assets Other	0.27	0.3	0.14	0.27	0.69	-0.15	0.15	0.3		0.15	0.19	0.22	-0.19	-0.04	0.35	0.13	0.17	0.76	0.13	0.29	0.37	0.24	-0.12	0.56	0.25	0.28
Cash And Short Term Investments	0.48	0.42	0.55	0.36	-0.24	-0.27	1.0	0.43	0.15		0.45	0.39	-0.29	0.19	0.37	0.55	0.46	0.25	0.58	0.48	0.32	0.34	-0.07	0.17	0.35	0.3
Net Receivables	0.98	0.94	0.9	0.97	0.26	-0.6	0.45	0.98	0.19	0.45		0.89	-0.31	0.84	0.93	0.82	0.89	0.42	0.68	0.96	0.89	0.94	-0.05	0.42	-0.18	0.93
Common Stock Shares Outstanding	0.89	0.96	0.74	0.95	0.34	-0.84	0.39	0.87	0.22	0.39	0.89		-0.35	0.81	0.91	0.8	0.97	0.48	0.79	0.82	0.85	0.96	0.15	0.58	-0.32	0.93
Short Term Investments	-0.27	-0.27	-0.29	-0.28	-0.05	0.38	-0.3	-0.23	-0.19	-0.29	-0.31	-0.35		-0.12	-0.22	-0.35	-0.37	-0.19	-0.2	-0.2	-0.18	-0.25	-0.14	-0.29	-0.38	-0.22
Other Stockholder Equity	0.82	0.85	0.64	0.85	0.01	-0.47	0.19	0.83	-0.04	0.19	0.84	0.81	-0.12		0.87	0.66	0.72	0.04	0.72	0.8	0.86	0.88	-0.01	0.1	-0.2	0.91
Total Liab	0.95	0.98	0.75	0.97	0.38	-0.62	0.37	0.95	0.35	0.37	0.93	0.91	-0.22	0.87		0.8	0.85	0.5	0.75	0.91	0.99	0.96	0.01	0.44	-0.17	0.99
Total Current Assets	0.89	0.85	0.88	0.82	0.16	-0.58	0.55	0.79	0.13	0.55	0.82	0.8	-0.35	0.66	0.8		0.86	0.38	0.78	0.78	0.73	0.84	0.47	0.37	-0.16	0.78
Common Stock	0.89	0.93	0.81	0.92	0.33	-0.86	0.46	0.85	0.17	0.46	0.89	0.97	-0.37	0.72	0.85	0.86		0.51	0.75	0.81	0.77	0.92	0.21	0.61	-0.36	0.85
Short Long Term Debt Total	0.48	0.51	0.38	0.5	0.87	-0.53	0.25	0.49	0.76	0.25	0.42	0.48	-0.19	0.04	0.5	0.38	0.51		0.23	0.45	0.48	0.45	0.02	0.85	-0.13	0.44
Other Current Liab	0.73	0.8	0.61	0.73	-0.02	-0.59	0.58	0.67	0.13	0.58	0.68	0.79	-0.2	0.72	0.75	0.78	0.75	0.23		0.65	0.7	0.78	0.26	0.26	-0.03	0.75
Good Will	0.97	0.92	0.9	0.93	0.26	-0.46	0.48	0.99	0.29	0.48	0.96	0.82	-0.2	0.8	0.91	0.78	0.81	0.45	0.65		0.88	0.91	-0.11	0.42	-0.05	0.9
Non Current Liabilities Total	0.9	0.93	0.69	0.93	0.39	-0.54	0.32	0.92	0.37	0.32	0.89	0.85	-0.18	0.86	0.99	0.73	0.77	0.48	0.7	0.88		0.91	-0.07	0.36	-0.14	0.97
Inventory	0.96	0.99	0.82	0.98	0.33	-0.69	0.34	0.95	0.24	0.34	0.94	0.96	-0.25	0.88	0.96	0.84	0.92	0.45	0.78	0.91	0.91		0.14	0.51	-0.25	0.97
Other Current Assets	0.09	0.12	0.16	0.04	0.05	-0.24	-0.07	-0.07	-0.12	-0.07	-0.05	0.15	-0.14	-0.01	0.01	0.47	0.21	0.02	0.26	-0.11	-0.07	0.14		0.14	-0.28	0.02
Short Term Debt	0.45	0.54	0.4	0.52	0.76	-0.69	0.18	0.45	0.56	0.17	0.42	0.58	-0.29	0.1	0.44	0.37	0.61	0.85	0.26	0.42	0.36	0.51	0.14		-0.22	0.42
Current Deferred Revenue	-0.14	-0.21	-0.09	-0.25	-0.32	0.49	0.35	-0.13	0.25	0.35	-0.18	-0.32	-0.38	-0.2	-0.17	-0.16	-0.36	-0.13	-0.03	-0.05	-0.14	-0.25	-0.28	-0.22		-0.21
Accounts Payable	0.94	0.97	0.74	0.98	0.35	-0.62	0.3	0.94	0.28	0.3	0.93	0.93	-0.22	0.91	0.99	0.78	0.85	0.44	0.75	0.9	0.97	0.97	0.02	0.42	-0.21

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Quipt Home Account Relationship Matchups

Quipt Home fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	108.6M	132.2M	247.4M	247.2M	284.3M	298.6M
Total Current Liabilities	32.7M	41.7M	60.6M	60.9M	70.0M	73.5M
Total Stockholder Equity	58.6M	79.5M	111.1M	107.2M	123.3M	129.4M
Property Plant And Equipment Net	23.5M	33.5M	53.4M	53.9M	61.9M	65.0M
Net Debt	(7.6M)	2.4M	80.8M	3.0M	3.4M	3.0M
Retained Earnings	(165.9M)	(161.0M)	(163.8M)	(170.6M)	(153.5M)	(145.8M)
Cash	34.6M	8.5M	17.2M	16.2M	18.6M	19.5M
Non Current Assets Total	51.3M	90.7M	182.0M	174.2M	200.3M	210.3M
Non Currrent Assets Other	504K	86K	1.7M	337K	387.6K	257.5K
Other Assets	94K	856K	504K	86K	98.9K	105.9K
Cash And Short Term Investments	34.6M	8.5M	17.2M	16.2M	18.6M	19.5M
Net Receivables	11.9M	16.4M	26.0M	29.1M	33.5M	35.2M
Common Stock Shares Outstanding	30.4M	36.3M	38.6M	42.5M	48.9M	51.3M
Liabilities And Stockholders Equity	108.6M	132.2M	247.4M	247.2M	284.3M	298.6M
Other Stockholder Equity	21.7M	116.9M	27.4M	277.8M	319.4M	335.4M
Total Liab	50.0M	52.7M	136.3M	140.1M	161.1M	169.1M
Total Current Assets	57.2M	41.5M	65.4M	73.1M	84.0M	88.2M
Common Stock	126.0M	202.8M	214.3M	247.5M	284.7M	298.9M
Short Long Term Debt Total	27.1M	10.9M	98.0M	19.2M	22.0M	11.9M
Other Current Liab	31.5M	9.2M	8.8M	22.1M	25.4M	26.7M
Good Will	12.5M	28.2M	52.8M	50.7M	58.3M	61.3M
Non Current Liabilities Total	17.2M	10.9M	75.7M	79.2M	91.1M	95.6M
Inventory	9.3M	15.6M	18.4M	20.9M	24.0M	25.2M
Other Current Assets	16.7M	16.6M	3.8M	6.9M	7.9M	5.4M
Short Term Debt	10.0M	15.6M	22.6M	5.9M	6.7M	4.7M
Current Deferred Revenue	7.3M	3.0M	4.5M	3.6M	4.1M	2.6M
Accounts Payable	9.8M	13.8M	24.7M	29.3M	33.7M	35.4M
Intangible Assets	14.9M	28.9M	74.0M	68.0M	78.1M	82.1M
Net Tangible Assets	12.5M	25.0M	31.3M	22.5M	20.2M	25.2M
Long Term Debt	12.3M	3.7M	61.3M	64.6M	74.3M	78.0M
Capital Lease Obligations	5.2M	7.8M	10.5M	19.2M	22.0M	11.9M
Net Invested Capital	77.9M	95.6M	189.9M	187.8M	216.0M	226.8M
Property Plant And Equipment Gross	45.1M	57.1M	94.0M	101.9M	117.1M	123.0M
Short Long Term Debt	7.0M	12.3M	17.5M	16.1M	18.5M	10.5M
Net Working Capital	24.5M	(204K)	4.9M	12.2M	11.0M	13.3M
Property Plant Equipment	19.5M	22.2M	23.5M	33.5M	38.5M	25.7M

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