RadNet Good Will vs Cash And Short Term Investments Analysis

RDNT Stock  USD 79.92  0.00  0.00%   
RadNet financial indicator trend analysis is much more than just breaking down RadNet Inc prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether RadNet Inc is a good investment. Please check the relationship between RadNet Good Will and its Cash And Short Term Investments accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in RadNet Inc. 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.

Good Will vs Cash And Short Term Investments

Good Will vs Cash And Short Term Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of RadNet Inc Good Will account and Cash And Short Term Investments. At this time, the significance of the direction appears to have very strong relationship.
The correlation between RadNet's Good Will and Cash And Short Term Investments is 0.86. Overlapping area represents the amount of variation of Good Will that can explain the historical movement of Cash And Short Term Investments in the same time period over historical financial statements of RadNet Inc, assuming nothing else is changed. The correlation between historical values of RadNet's Good Will and Cash And Short Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Good Will of RadNet Inc are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Good Will i.e., RadNet's Good Will and Cash And Short Term Investments go up and down completely randomly.

Correlation Coefficient

0.86
Relationship DirectionPositive 
Relationship StrengthStrong

Good Will

An intangible asset that arises when a company acquires another business for more than the fair market value of its net identifiable assets, representing the value of the brand, customer base, and other intangible factors.

Cash And Short Term Investments

Short Term Investments is an account in the current assets section of RadNet Inc balance sheet. This account contains RadNet investments that will expire within one year. These investments include stocks and bonds that can be liquidated by RadNet Inc fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.
Most indicators from RadNet's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into RadNet Inc 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 RadNet Inc. 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, RadNet's Selling General Administrative is comparatively stable compared to the past year. Issuance Of Capital Stock is likely to gain to about 258.1 M in 2024, whereas Enterprise Value Over EBITDA is likely to drop 10.78 in 2024.
 2021 2022 2023 2024 (projected)
Interest Expense48.8M50.8M64.5M36.6M
Depreciation And Amortization170.7M184.7M189.5M199.0M

RadNet fundamental ratios Correlations

0.980.90.980.930.990.280.930.750.130.881.0-0.060.880.390.99-0.410.680.880.980.850.920.990.960.930.88
0.980.890.980.850.980.310.980.70.180.80.99-0.090.80.460.96-0.490.720.861.00.860.841.00.910.870.9
0.90.890.90.790.920.470.850.72-0.220.780.91-0.230.780.220.86-0.210.560.780.890.690.780.90.830.770.89
0.980.980.90.860.980.40.950.760.170.80.99-0.110.80.410.97-0.410.710.910.970.860.840.980.890.850.93
0.930.850.790.860.880.150.740.770.010.970.90.070.970.210.92-0.210.50.80.850.710.990.850.980.960.74
0.990.980.920.980.880.350.950.770.070.850.99-0.080.840.320.96-0.330.640.90.980.810.870.980.940.870.93
0.280.310.470.40.150.350.320.26-0.340.20.310.180.2-0.110.25-0.010.160.390.290.080.140.320.230.130.64
0.930.980.850.950.740.950.320.640.260.670.95-0.160.670.520.91-0.550.760.840.980.880.730.980.810.780.88
0.750.70.720.760.770.770.260.64-0.010.670.76-0.040.670.040.760.120.410.830.680.610.680.70.720.620.76
0.130.18-0.220.170.010.07-0.340.26-0.01-0.120.130.07-0.120.670.18-0.630.540.210.180.470.00.180.00.1-0.03
0.880.80.780.80.970.850.20.670.67-0.120.850.161.00.130.86-0.170.420.710.80.60.980.810.970.950.72
1.00.990.910.990.90.990.310.950.760.130.85-0.090.850.380.98-0.40.680.90.990.850.890.990.940.90.9
-0.06-0.09-0.23-0.110.07-0.080.18-0.16-0.040.070.16-0.090.16-0.25-0.080.0-0.150.05-0.11-0.140.08-0.110.090.080.02
0.880.80.780.80.970.840.20.670.67-0.121.00.850.160.130.86-0.170.420.710.80.590.980.80.970.950.72
0.390.460.220.410.210.32-0.110.520.040.670.130.38-0.250.130.39-0.830.880.210.480.630.240.460.230.390.22
0.990.960.860.970.920.960.250.910.760.180.860.98-0.080.860.39-0.420.650.90.960.880.910.970.930.920.85
-0.41-0.49-0.21-0.41-0.21-0.33-0.01-0.550.12-0.63-0.17-0.40.0-0.17-0.83-0.42-0.69-0.22-0.51-0.6-0.27-0.49-0.26-0.43-0.23
0.680.720.560.710.50.640.160.760.410.540.420.68-0.150.420.880.65-0.690.570.730.780.50.730.520.60.59
0.880.860.780.910.80.90.390.840.830.210.710.90.050.710.210.9-0.220.570.840.80.760.870.820.720.88
0.981.00.890.970.850.980.290.980.680.180.80.99-0.110.80.480.96-0.510.730.840.870.851.00.90.880.88
0.850.860.690.860.710.810.080.880.610.470.60.85-0.140.590.630.88-0.60.780.80.870.70.870.720.770.7
0.920.840.780.840.990.870.140.730.680.00.980.890.080.980.240.91-0.270.50.760.850.70.850.980.980.72
0.991.00.90.980.850.980.320.980.70.180.810.99-0.110.80.460.97-0.490.730.871.00.870.850.910.880.9
0.960.910.830.890.980.940.230.810.720.00.970.940.090.970.230.93-0.260.520.820.90.720.980.910.960.81
0.930.870.770.850.960.870.130.780.620.10.950.90.080.950.390.92-0.430.60.720.880.770.980.880.960.71
0.880.90.890.930.740.930.640.880.76-0.030.720.90.020.720.220.85-0.230.590.880.880.70.720.90.810.71
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RadNet Account Relationship Matchups

RadNet fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets1.6B1.8B2.1B2.4B2.7B2.8B
Short Long Term Debt Total1.2B1.2B1.4B1.5B1.5B1.6B
Other Current Liab14.3M166.5M208.7M232.4M180.0M189.0M
Total Current Liabilities326.0M398.1M374.8M466.7M437.5M459.3M
Total Stockholder Equity151.7M165.7M228.9M333.0M630.7M662.2M
Property Plant And Equipment Net812.2M883.0M1.1B1.2B1.2B1.3B
Current Deferred Revenue1.3M39.3M10.7M4.0M4.6M6.7M
Net Debt1.1B1.1B1.3B1.4B1.1B1.2B
Retained Earnings(103.2M)(118.0M)(93.3M)(82.6M)(79.6M)(83.6M)
Accounts Payable206.2M70.1M86.5M102.7M122.9M72.6M
Cash40.2M102.0M134.6M127.8M342.6M359.7M
Non Current Assets Total1.4B1.5B1.7B2.1B2.1B2.2B
Non Currrent Assets Other38.6M38.8M38.2M(160.9M)48.0M50.4M
Cash And Short Term Investments40.2M102.0M134.6M127.8M342.6M359.7M
Net Receivables156.0M135.4M140.4M185.3M189.0M99.6M
Good Will441.0M472.9M513.8M677.7M679.5M811.6M
Common Stock Shares Outstanding50.2M50.9M53.4M57.3M64.7M38.4M
Liabilities And Stockholders Equity1.6B1.8B2.1B2.4B2.7B2.8B
Non Current Liabilities Total1.1B1.1B1.3B1.5B1.4B1.5B
Other Current Assets43.6M33.0M49.2M54.0M47.7M50.0M
Other Stockholder Equity262.9M307.8M342.6M436.3M722.8M758.9M
Total Liab1.4B1.5B1.7B1.9B1.9B2.0B
Property Plant And Equipment Gross812.2M883.0M1.1B1.2B2.0B2.1B
Total Current Assets241.8M270.4M324.3M367.2M579.3M608.2M
Short Term Debt104.2M176.5M142.1M127.6M129.9M136.4M
Intangible Assets43.0M52.4M56.6M106.2M90.6M48.6M
Other Liab9.5M53.5M16.4M32.3M37.1M21.6M
Other Assets73.1M73.4M53.0M55.5M63.8M67.0M
Long Term Debt652.7M612.9M743.5M839.3M812.1M852.7M
Accumulated Other Comprehensive Income(8.0M)(24.1M)(20.4M)(20.7M)(12.5M)(13.1M)
Property Plant Equipment366.7M883.0M1.1B566.0M650.9M683.4M
Net Tangible Assets(332.3M)(359.5M)(341.5M)(450.9M)(405.8M)(385.5M)
Noncontrolling Interest In Consolidated Entity81.5M92.6M117.3M158.5M182.2M191.3M
Retained Earnings Total Equity(103.2M)(118.0M)(93.3M)(82.6M)(74.4M)(78.1M)
Long Term Debt Total652.7M612.9M743.5M839.3M965.2M1.0B

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Additional Tools for RadNet Stock Analysis

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