GeneDx Cash vs Long Term Debt Analysis

WGS Stock

78.39 1.04 1.31%

GeneDx Holdings financial indicator trend analysis is much more than just examining GeneDx Holdings Corp latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether GeneDx Holdings Corp is a good investment. Please check the relationship between GeneDx Holdings Cash and its Long Term Debt accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in GeneDx Holdings Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.

Cash vs Long Term Debt

Cash vs Long Term Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of GeneDx Holdings Corp Cash account and Long Term Debt. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between GeneDx Holdings' Cash and Long Term Debt is -0.18. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Long Term Debt in the same time period over historical financial statements of GeneDx Holdings Corp, assuming nothing else is changed. The correlation between historical values of GeneDx Holdings' Cash and Long Term Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash of GeneDx Holdings Corp are associated (or correlated) with its Long Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Long Term Debt has no effect on the direction of Cash i.e., GeneDx Holdings' Cash and Long Term Debt go up and down completely randomly.

Correlation Coefficient

-0.18

Relationship Direction	Negative
Relationship Strength	Insignificant

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Cash

Cash refers to the most liquid asset of GeneDx Holdings Corp, which is listed under current asset account on GeneDx Holdings Corp balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from GeneDx Holdings customers. The amounts must be unrestricted with restricted cash listed in a different GeneDx Holdings account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.

Long Term Debt

Long-term debt is a debt that GeneDx Holdings Corp has held for over one year. Long-term debt appears on GeneDx Holdings Corp 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 GeneDx Holdings Corp 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.

Most indicators from GeneDx Holdings' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into GeneDx Holdings Corp 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 Current Watchlist to better understand how to build diversified portfolios, which includes a position in GeneDx Holdings Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.

At this time, GeneDx Holdings' Selling General Administrative is comparatively stable compared to the past year. Enterprise Value is likely to gain to about 91.3 M in 2024, whereas Tax Provision is likely to drop (972.3 K) in 2024.

	2021	2022	2023	2024 (projected)
Depreciation And Amortization	23.4M	63.0M	33.7M	30.9M
Interest Income	79K	2.5M	2.9M	3.1M

Depreciation And Amortization Interest Income

GeneDx Holdings fundamental ratios Correlations

	Other Current Liab	Total Current Liabilities	Other Liab	Net Tangible Assets	Retained Earnings	Accounts Payable	Other Assets	Net Receivables	Common Stock Shares Outstanding	Inventory	Other Current Assets	Deferred Long Term Liab	Total Current Assets	Property Plant Equipment	Total Assets	Short Long Term Debt Total	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Cash	Non Current Assets Total	Non Currrent Assets Other	Long Term Debt	Cash And Short Term Investments	Non Current Liabilities Total
Other Current Liab		0.97	0.48	0.71	-0.86	0.64	0.16	0.94	0.33	0.21	0.94	0.9	0.57	0.89	0.88	0.49	0.88	0.69	-0.88	-0.16	0.43	0.74	-0.03	0.15	0.46	-0.9
Total Current Liabilities	0.97		0.42	0.67	-0.75	0.75	0.23	0.9	0.2	0.28	0.91	0.78	0.58	0.75	0.82	0.31	0.82	0.8	-0.8	-0.24	0.46	0.63	-0.21	-0.03	0.47	-0.86
Other Liab	0.48	0.42		-0.09	-0.26	0.33	0.7	0.47	-0.2	0.58	0.47	0.64	0.3	0.42	0.21	-0.01	0.2	0.07	-0.17	-0.17	0.25	0.03	0.09	0.06	0.25	-0.2
Net Tangible Assets	0.71	0.67	-0.09		-0.81	0.34	-0.45	0.57	0.62	0.06	0.8	0.6	0.71	0.69	0.95	0.54	0.95	0.42	-0.92	-0.26	0.59	0.67	0.31	0.38	0.64	-0.94
Retained Earnings	-0.86	-0.75	-0.26	-0.81		-0.2	0.29	-0.88	-0.76	0.15	-0.78	-0.81	-0.39	-0.94	-0.88	-0.82	-0.87	-0.55	0.97	-0.17	-0.2	-0.92	-0.39	-0.6	-0.27	0.88
Accounts Payable	0.64	0.75	0.33	0.34	-0.2		0.61	0.46	-0.44	0.6	0.69	0.51	0.6	0.34	0.48	-0.22	0.51	0.48	-0.33	-0.68	0.63	0.11	-0.66	-0.64	0.6	-0.53
Other Assets	0.16	0.23	0.7	-0.45	0.29	0.61		0.12	-0.8	0.65	0.16	0.24	0.11	-0.04	-0.19	-0.51	-0.17	0.03	0.3	-0.41	0.19	-0.37	-0.59	-0.66	0.14	0.16
Net Receivables	0.94	0.9	0.47	0.57	-0.88	0.46	0.12		0.43	-0.04	0.78	0.84	0.28	0.9	0.74	0.62	0.74	0.75	-0.83	0.15	0.11	0.84	0.0	0.26	0.15	-0.77
Common Stock Shares Outstanding	0.33	0.2	-0.2	0.62	-0.76	-0.44	-0.8	0.43		-0.58	0.25	0.29	0.01	0.56	0.52	0.84	0.5	0.26	-0.69	0.53	-0.16	0.75	0.71	0.89	-0.09	-0.5
Inventory	0.21	0.28	0.58	0.06	0.15	0.6	0.65	-0.04	-0.58		0.46	0.28	0.74	-0.04	0.22	-0.58	0.21	-0.14	0.03	-0.87	0.81	-0.47	-0.16	-0.41	0.77	-0.19
Other Current Assets	0.94	0.91	0.47	0.8	-0.78	0.69	0.16	0.78	0.25	0.46		0.88	0.81	0.8	0.94	0.33	0.94	0.51	-0.86	-0.45	0.71	0.56	0.05	0.11	0.74	-0.94
Deferred Long Term Liab	0.9	0.78	0.64	0.6	-0.81	0.51	0.24	0.84	0.29	0.28	0.88		0.54	0.94	0.8	0.57	0.82	0.34	-0.79	-0.19	0.42	0.67	0.17	0.26	0.48	-0.8
Total Current Assets	0.57	0.58	0.3	0.71	-0.39	0.6	0.11	0.28	0.01	0.74	0.81	0.54		0.38	0.76	-0.08	0.75	0.14	-0.56	-0.8	0.98	0.07	0.12	-0.03	0.98	-0.74
Property Plant Equipment	0.89	0.75	0.42	0.69	-0.94	0.34	-0.04	0.9	0.56	-0.04	0.8	0.94	0.38		0.83	0.79	0.84	0.43	-0.9	0.07	0.23	0.88	0.27	0.45	0.3	-0.84
Total Assets	0.88	0.82	0.21	0.95	-0.88	0.48	-0.19	0.74	0.52	0.22	0.94	0.8	0.76	0.83		0.53	1.0	0.49	-0.96	-0.3	0.63	0.7	0.25	0.34	0.68	-1.0
Short Long Term Debt Total	0.49	0.31	-0.01	0.54	-0.82	-0.22	-0.51	0.62	0.84	-0.58	0.33	0.57	-0.08	0.79	0.53		0.55	0.22	-0.71	0.53	-0.24	0.91	0.51	0.73	-0.14	-0.53
Total Stockholder Equity	0.88	0.82	0.2	0.95	-0.87	0.51	-0.17	0.74	0.5	0.21	0.94	0.82	0.75	0.84	1.0	0.55		0.47	-0.96	-0.32	0.63	0.71	0.22	0.3	0.68	-1.0
Property Plant And Equipment Net	0.69	0.8	0.07	0.42	-0.55	0.48	0.03	0.75	0.26	-0.14	0.51	0.34	0.14	0.43	0.49	0.22	0.47		-0.57	0.16	0.01	0.57	-0.36	-0.07	-0.01	-0.55
Current Deferred Revenue	-0.88	-0.8	-0.17	-0.92	0.97	-0.33	0.3	-0.83	-0.69	0.03	-0.86	-0.79	-0.56	-0.9	-0.96	-0.71	-0.96	-0.57		0.03	-0.39	-0.86	-0.31	-0.48	-0.46	0.96
Net Debt	-0.16	-0.24	-0.17	-0.26	-0.17	-0.68	-0.41	0.15	0.53	-0.87	-0.45	-0.19	-0.8	0.07	-0.3	0.53	-0.32	0.16	0.03		-0.91	0.39	0.27	0.52	-0.88	0.29
Cash	0.43	0.46	0.25	0.59	-0.2	0.63	0.19	0.11	-0.16	0.81	0.71	0.42	0.98	0.23	0.63	-0.24	0.63	0.01	-0.39	-0.91		-0.1	0.02	-0.18	0.99	-0.6
Non Current Assets Total	0.74	0.63	0.03	0.67	-0.92	0.11	-0.37	0.84	0.75	-0.47	0.56	0.67	0.07	0.88	0.7	0.91	0.71	0.57	-0.86	0.39	-0.1		0.22	0.51	-0.03	-0.72
Non Currrent Assets Other	-0.03	-0.21	0.09	0.31	-0.39	-0.66	-0.59	0.0	0.71	-0.16	0.05	0.17	0.12	0.27	0.25	0.51	0.22	-0.36	-0.31	0.27	0.02	0.22		0.93	0.09	-0.17
Long Term Debt	0.15	-0.03	0.06	0.38	-0.6	-0.64	-0.66	0.26	0.89	-0.41	0.11	0.26	-0.03	0.45	0.34	0.73	0.3	-0.07	-0.48	0.52	-0.18	0.51	0.93		-0.1	-0.28
Cash And Short Term Investments	0.46	0.47	0.25	0.64	-0.27	0.6	0.14	0.15	-0.09	0.77	0.74	0.48	0.98	0.3	0.68	-0.14	0.68	-0.01	-0.46	-0.88	0.99	-0.03	0.09	-0.1		-0.65
Non Current Liabilities Total	-0.9	-0.86	-0.2	-0.94	0.88	-0.53	0.16	-0.77	-0.5	-0.19	-0.94	-0.8	-0.74	-0.84	-1.0	-0.53	-1.0	-0.55	0.96	0.29	-0.6	-0.72	-0.17	-0.28	-0.65

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GeneDx Cash vs Long Term Debt Analysis

Cash vs Long Term Debt

Cash vs Long Term Debt Correlation Analysis

Correlation Coefficient

Cash

Long Term Debt

GeneDx Holdings fundamental ratios Correlations

GeneDx Holdings Account Relationship Matchups

High Positive Relationship

High Negative Relationship

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COMPANY

Total Stockholder Equity	+ 1.0	Total Assets
Cash And Short Term Investments	+ 0.99	Cash
Cash	+ 0.98	Total Current Assets
Cash And Short Term Investments	+ 0.98	Total Current Assets
Total Current Liabilities	+ 0.97	Other Current Liab
Current Deferred Revenue	+ 0.97	Retained Earnings

Non Current Liabilities Total	- 1.0	Total Stockholder Equity
Non Current Liabilities Total	- 1.0	Total Assets
Current Deferred Revenue	- 0.96	Total Stockholder Equity
Current Deferred Revenue	- 0.96	Total Assets
Non Current Liabilities Total	- 0.94	Other Current Assets
Property Plant Equipment	- 0.94	Retained Earnings