RadNet Net Working Capital vs Short Term Investments 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 Net Working Capital and its 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.

Net Working Capital vs Short Term Investments

Net Working Capital vs Short Term Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of RadNet Inc Net Working Capital account and Short Term Investments. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between RadNet's Net Working Capital and Short Term Investments is -0.28. Overlapping area represents the amount of variation of Net Working Capital that can explain the historical movement of 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 Net Working Capital 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 Net Working Capital of RadNet Inc are associated (or correlated) with its Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Term Investments has no effect on the direction of Net Working Capital i.e., RadNet's Net Working Capital and Short Term Investments go up and down completely randomly.

Correlation Coefficient

-0.28
Relationship DirectionNegative 
Relationship StrengthInsignificant

Net Working Capital

Short Term Investments

Short Term Investments is an item under the current assets section of RadNet balance sheet. It contains any investments RadNet Inc undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that RadNet Inc can easily liquidate in the marketplace.
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
Click cells to compare fundamentals

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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