RadNet Long Term Debt vs Retained Earnings Analysis

RDNT Stock  USD 78.92  2.69  3.30%   
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 Long Term Debt and its Retained Earnings 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.

Long Term Debt vs Retained Earnings

Long Term Debt vs Retained Earnings Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of RadNet Inc Long Term Debt account and Retained Earnings. At this time, the significance of the direction appears to have strong relationship.
The correlation between RadNet's Long Term Debt and Retained Earnings is 0.62. Overlapping area represents the amount of variation of Long Term Debt that can explain the historical movement of Retained Earnings 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 Long Term Debt and Retained Earnings 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 RadNet Inc are associated (or correlated) with its Retained Earnings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Retained Earnings has no effect on the direction of Long Term Debt i.e., RadNet's Long Term Debt and Retained Earnings go up and down completely randomly.

Correlation Coefficient

0.62
Relationship DirectionPositive 
Relationship StrengthSignificant

Long Term Debt

Long-term debt is a debt that RadNet Inc has held for over one year. Long-term debt appears on RadNet Inc 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 RadNet Inc 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.

Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.
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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