Quipt Net Income vs Total Other Income Expense Net Analysis

QIPT Stock  USD 2.82  0.08  2.92%   
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 Net Income and its Total Other Income Expense Net 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.

Net Income vs Total Other Income Expense Net

Net Income vs Total Other Income Expense Net Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Quipt Home Medical Net Income account and Total Other Income Expense Net. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Quipt Home's Net Income and Total Other Income Expense Net is 0.95. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Total Other Income Expense Net 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 Net Income and Total Other Income Expense Net is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Income of Quipt Home Medical are associated (or correlated) with its Total Other Income Expense Net. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Other Income Expense Net has no effect on the direction of Net Income i.e., Quipt Home's Net Income and Total Other Income Expense Net go up and down completely randomly.

Correlation Coefficient

0.95
Relationship DirectionPositive 
Relationship StrengthVery Strong

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in Quipt Home Medical financial statement analysis. It represents the amount of money remaining after all of Quipt Home Medical operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Total Other Income Expense Net

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 80.3 K in 2024, whereas Enterprise Value Over EBITDA is likely to drop 6.75 in 2024.
 2021 2022 2023 2024 (projected)
Total Revenue139.9M221.7M255.0M267.8M
Interest Expense2.1M6.6M7.6M8.0M

Quipt Home fundamental ratios Correlations

0.960.930.970.8-0.520.510.980.770.510.970.86-0.260.40.940.860.880.90.420.970.890.950.070.90.020.93
0.960.810.980.85-0.660.440.940.80.440.920.95-0.260.50.970.810.920.930.50.910.920.990.110.98-0.050.98
0.930.810.840.56-0.390.570.890.550.570.920.72-0.280.410.750.870.810.690.390.90.680.820.150.720.040.75
0.970.980.840.87-0.640.380.970.790.380.960.93-0.270.480.970.770.920.930.40.920.920.980.020.97-0.090.98
0.80.850.560.87-0.490.050.840.880.050.760.76-0.080.250.920.540.710.960.160.770.940.83-0.040.91-0.160.92
-0.52-0.66-0.39-0.64-0.49-0.27-0.47-0.32-0.27-0.56-0.850.38-0.46-0.57-0.54-0.84-0.54-0.52-0.39-0.47-0.67-0.24-0.690.44-0.6
0.510.440.570.380.05-0.270.450.281.00.490.42-0.29-0.010.40.580.470.340.640.50.350.37-0.080.30.40.34
0.980.940.890.970.84-0.470.450.810.450.970.84-0.210.410.950.740.840.920.320.990.920.93-0.10.920.040.94
0.770.80.550.790.88-0.320.280.810.280.710.67-0.160.10.890.520.60.910.280.780.920.76-0.140.820.20.86
0.510.440.570.380.05-0.271.00.450.280.490.42-0.29-0.010.40.580.470.340.640.50.350.37-0.080.30.40.34
0.970.920.920.960.76-0.560.490.970.710.490.86-0.320.430.90.780.890.860.330.950.850.92-0.070.89-0.010.91
0.860.950.720.930.76-0.850.420.840.670.420.86-0.360.550.890.760.970.840.560.780.810.950.160.95-0.190.91
-0.26-0.26-0.28-0.27-0.080.38-0.29-0.21-0.16-0.29-0.32-0.36-0.15-0.21-0.36-0.37-0.16-0.2-0.19-0.17-0.25-0.14-0.23-0.41-0.23
0.40.50.410.480.25-0.46-0.010.410.1-0.010.430.55-0.150.350.30.510.230.250.420.220.580.140.52-0.150.45
0.940.970.750.970.92-0.570.40.950.890.40.90.89-0.210.350.740.840.980.40.910.980.94-0.010.970.010.99
0.860.810.870.770.54-0.540.580.740.520.580.780.76-0.360.30.740.830.680.610.720.660.80.510.69-0.030.73
0.880.920.810.920.71-0.840.470.840.60.470.890.97-0.370.510.840.830.80.550.790.750.930.210.9-0.230.86
0.90.930.690.930.96-0.540.340.920.910.340.860.84-0.160.230.980.680.80.340.870.990.89-0.060.94-0.030.96
0.420.50.390.40.16-0.520.640.320.280.640.330.56-0.20.250.40.610.550.340.310.30.480.390.420.130.4
0.970.910.90.920.77-0.390.50.990.780.50.950.78-0.190.420.910.720.790.870.310.870.9-0.130.870.120.89
0.890.920.680.920.94-0.470.350.920.920.350.850.81-0.170.220.980.660.750.990.30.870.88-0.10.930.050.96
0.950.990.820.980.83-0.670.370.930.760.370.920.95-0.250.580.940.80.930.890.480.90.880.150.97-0.110.97
0.070.110.150.02-0.04-0.24-0.08-0.1-0.14-0.08-0.070.16-0.140.14-0.010.510.21-0.060.39-0.13-0.10.150.02-0.290.02
0.90.980.720.970.91-0.690.30.920.820.30.890.95-0.230.520.970.690.90.940.420.870.930.970.02-0.110.98
0.02-0.050.04-0.09-0.160.440.40.040.20.4-0.01-0.19-0.41-0.150.01-0.03-0.23-0.030.130.120.05-0.11-0.29-0.11-0.04
0.930.980.750.980.92-0.60.340.940.860.340.910.91-0.230.450.990.730.860.960.40.890.960.970.020.98-0.04
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Quipt Home Account Relationship Matchups

Quipt Home fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets53.9M108.6M132.2M247.4M284.5M298.7M
Total Current Liabilities18.3M32.7M41.7M60.6M69.7M73.1M
Total Stockholder Equity21.1M58.6M79.5M111.1M127.8M134.2M
Property Plant And Equipment Net12.5M23.5M33.5M53.4M61.4M64.5M
Net Debt(4.7M)(7.6M)2.4M80.8M92.9M97.5M
Retained Earnings(124.6M)(165.9M)(161.0M)(163.8M)(147.4M)(140.1M)
Cash21.9M34.6M8.5M17.2M19.8M20.8M
Non Current Assets Total20.1M51.3M90.7M182.0M209.3M219.7M
Non Currrent Assets Other480.3K504K86K1.7M2.0M2.1M
Other Assets94K856K504K86K98.9K105.9K
Cash And Short Term Investments21.9M34.6M8.5M17.2M19.8M20.8M
Net Receivables6.8M11.9M16.4M26.0M29.9M31.4M
Common Stock Shares Outstanding22.7M30.4M36.3M38.6M44.4M46.6M
Liabilities And Stockholders Equity53.9M108.6M132.2M247.4M284.5M298.7M
Other Stockholder Equity(27.6M)21.7M116.9M27.4M31.5M33.1M
Total Liab32.8M50.0M52.7M136.3M156.7M164.6M
Total Current Assets33.9M57.2M41.5M65.4M75.2M79.0M
Common Stock126.0M202.8M214.3M247.5M284.7M298.9M
Short Long Term Debt Total17.2M27.1M10.9M98.0M112.7M118.3M
Other Current Liab7.5M31.5M9.2M8.8M10.1M10.6M
Good Will2.9M12.5M28.2M52.8M60.7M63.8M
Non Current Liabilities Total14.6M17.2M10.9M75.7M87.1M91.4M
Inventory4.8M9.3M15.6M18.4M21.2M22.2M
Other Current Assets11.8M16.7M16.6M3.8M4.4M5.3M
Short Term Debt5.3M10.0M15.6M22.6M26.0M27.3M
Current Deferred Revenue3.3M7.3M3.0M4.5M5.2M5.4M
Accounts Payable5.6M9.8M13.8M24.7M28.4M29.9M
Intangible Assets4.2M14.9M28.9M74.0M85.1M89.4M
Net Tangible Assets12.5M25.0M31.3M22.5M20.2M25.2M
Long Term Debt13.3M12.3M3.7M61.3M70.5M74.1M
Capital Lease Obligations5.2M7.8M10.5M19.2M22.0M23.1M
Net Invested Capital45.8M77.9M95.6M189.9M218.4M229.3M
Property Plant And Equipment Gross16.6M45.1M57.1M94.0M108.1M113.5M
Net Working Capital20.8M24.5M(204K)4.9M4.4M4.2M
Property Plant Equipment19.5M22.2M23.5M33.5M38.5M25.7M

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Additional Tools for Quipt Stock Analysis

When running Quipt Home's price analysis, check to measure Quipt Home's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Quipt Home is operating at the current time. Most of Quipt Home's value examination focuses on studying past and present price action to predict the probability of Quipt Home's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Quipt Home's price. Additionally, you may evaluate how the addition of Quipt Home to your portfolios can decrease your overall portfolio volatility.