XORTX Total Current Assets vs Non Current Liabilities Total Analysis

XRTX Stock

USD 1.00 0.06 5.66%

XORTX Therapeutics financial indicator trend analysis is more than just analyzing XORTX Therapeutics current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether XORTX Therapeutics is a good investment. Please check the relationship between XORTX Therapeutics Total Current Assets and its Non Current Liabilities Total accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in XORTX Therapeutics. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

For more information on how to buy XORTX Stock please use our How to Invest in XORTX Therapeutics guide.

Total Current Assets vs Non Current Liabilities Total

Total Current Assets vs Non Current Liabilities Total Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of XORTX Therapeutics Total Current Assets account and Non Current Liabilities Total. At this time, the significance of the direction appears to have almost identical trend.

The correlation between XORTX Therapeutics' Total Current Assets and Non Current Liabilities Total is 0.97. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Non Current Liabilities Total in the same time period over historical financial statements of XORTX Therapeutics, assuming nothing else is changed. The correlation between historical values of XORTX Therapeutics' Total Current Assets and Non Current Liabilities Total is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Current Assets of XORTX Therapeutics are associated (or correlated) with its Non Current Liabilities Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Liabilities Total has no effect on the direction of Total Current Assets i.e., XORTX Therapeutics' Total Current Assets and Non Current Liabilities Total go up and down completely randomly.

Correlation Coefficient

0.97

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Total Current Assets

The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.

Non Current Liabilities Total

Most indicators from XORTX Therapeutics' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into XORTX Therapeutics 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 XORTX Therapeutics. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

For more information on how to buy XORTX Stock please use our How to Invest in XORTX Therapeutics guide.Selling General Administrative is likely to drop to about 996.5 K in 2025. Issuance Of Capital Stock is expected to grow at the current pace this year

	2022	2023	2024	2025 (projected)
Reconciled Depreciation	55.5K	139.7K	160.6K	168.7K
Research Development	6.5M	2.4M	2.8M	1.6M

Reconciled Depreciation Research Development

XORTX Therapeutics fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Other Stockholder Equity	Total Liab	Total Current Assets	Short Long Term Debt Total	Short Term Debt	Intangible Assets	Net Tangible Assets	Non Currrent Assets Other	Other Assets	Long Term Debt	Non Current Liabilities Total	Deferred Long Term Liab	Net Invested Capital
Total Assets		-0.09	0.78	0.98	-0.29	-0.99	-0.52	0.52	0.99	0.8	0.99	0.74	0.59	0.36	0.89	1.0	-0.38	-0.46	-0.7	0.91	0.27	-0.63	0.59	0.96	-0.15	0.97
Other Current Liab	-0.09		0.36	-0.17	-0.7	0.15	0.07	0.35	-0.15	-0.25	-0.15	-0.22	-0.17	-0.27	0.11	-0.08	0.06	0.02	0.27	-0.22	-0.55	-0.35	0.23	-0.12	0.24	-0.12
Total Current Liabilities	0.78	0.36		0.75	-0.49	-0.8	-0.09	0.44	0.79	0.37	0.79	0.25	0.13	0.12	0.75	0.81	-0.05	-0.12	-0.23	0.57	-0.32	-0.46	0.34	0.8	0.16	0.8
Total Stockholder Equity	0.98	-0.17	0.75		-0.25	-0.97	-0.54	0.37	0.97	0.8	0.97	0.72	0.6	0.47	0.78	0.98	-0.42	-0.49	-0.74	0.93	0.27	-0.61	0.59	0.91	-0.17	0.99
Property Plant And Equipment Net	-0.29	-0.7	-0.49	-0.25		0.2	0.43	-0.33	-0.22	-0.35	-0.22	-0.19	-0.37	-0.36	-0.33	-0.27	0.24	0.31	0.28	-0.34	0.03	0.57	-0.54	-0.15	0.18	-0.31
Net Debt	-0.99	0.15	-0.8	-0.97	0.2		0.42	-0.51	-1.0	-0.73	-1.0	-0.67	-0.49	-0.29	-0.89	-0.99	0.3	0.37	0.61	-0.86	-0.21	0.53	-0.47	-0.98	0.09	-0.96
Retained Earnings	-0.52	0.07	-0.09	-0.54	0.43	0.42		-0.33	-0.44	-0.88	-0.44	-0.83	-0.98	-0.69	-0.4	-0.48	0.74	0.8	0.9	-0.77	-0.75	0.79	-0.83	-0.29	0.6	-0.5
Accounts Payable	0.52	0.35	0.44	0.37	-0.33	-0.51	-0.33		0.51	0.39	0.51	0.57	0.29	-0.29	0.82	0.52	-0.13	-0.2	-0.24	0.32	0.17	-0.54	0.44	0.58	0.07	0.33
Cash	0.99	-0.15	0.79	0.97	-0.22	-1.0	-0.44	0.51		0.76	1.0	0.69	0.52	0.32	0.89	0.99	-0.31	-0.38	-0.64	0.87	0.24	-0.54	0.5	0.98	-0.12	0.96
Non Current Assets Total	0.8	-0.25	0.37	0.8	-0.35	-0.73	-0.88	0.39	0.76		0.76	0.85	0.93	0.71	0.66	0.76	-0.57	-0.64	-0.94	0.95	0.74	-0.68	0.73	0.64	-0.6	0.78
Cash And Short Term Investments	0.99	-0.15	0.79	0.97	-0.22	-1.0	-0.44	0.51	1.0	0.76		0.69	0.51	0.32	0.89	0.99	-0.31	-0.38	-0.64	0.87	0.24	-0.54	0.5	0.98	-0.12	0.96
Net Receivables	0.74	-0.22	0.25	0.72	-0.19	-0.67	-0.83	0.57	0.69	0.85	0.69		0.83	0.38	0.65	0.7	-0.65	-0.7	-0.83	0.79	0.67	-0.74	0.79	0.62	-0.31	0.65
Common Stock Shares Outstanding	0.59	-0.17	0.13	0.6	-0.37	-0.49	-0.98	0.29	0.52	0.93	0.51	0.83		0.74	0.45	0.55	-0.74	-0.8	-0.92	0.84	0.78	-0.77	0.83	0.37	-0.72	0.58
Other Stockholder Equity	0.36	-0.27	0.12	0.47	-0.36	-0.29	-0.69	-0.29	0.32	0.71	0.32	0.38	0.74		0.04	0.33	-0.49	-0.52	-0.73	0.69	0.53	-0.4	0.51	0.12	-0.69	0.5
Total Liab	0.89	0.11	0.75	0.78	-0.33	-0.89	-0.4	0.82	0.89	0.66	0.89	0.65	0.45	0.04		0.89	-0.22	-0.3	-0.49	0.71	0.22	-0.59	0.49	0.92	-0.09	0.78
Total Current Assets	1.0	-0.08	0.81	0.98	-0.27	-0.99	-0.48	0.52	0.99	0.76	0.99	0.7	0.55	0.33	0.89		-0.36	-0.43	-0.66	0.89	0.22	-0.61	0.56	0.97	-0.13	0.97
Short Long Term Debt Total	-0.38	0.06	-0.05	-0.42	0.24	0.3	0.74	-0.13	-0.31	-0.57	-0.31	-0.65	-0.74	-0.49	-0.22	-0.36		0.99	0.57	-0.57	-0.4	0.77	-0.78	-0.19	0.47	-0.39
Short Term Debt	-0.46	0.02	-0.12	-0.49	0.31	0.37	0.8	-0.2	-0.38	-0.64	-0.38	-0.7	-0.8	-0.52	-0.3	-0.43	0.99		0.65	-0.64	-0.43	0.84	-0.84	-0.26	0.49	-0.46
Intangible Assets	-0.7	0.27	-0.23	-0.74	0.28	0.61	0.9	-0.24	-0.64	-0.94	-0.64	-0.83	-0.92	-0.73	-0.49	-0.66	0.57	0.65		-0.89	-0.76	0.63	-0.73	-0.5	0.55	-0.7
Net Tangible Assets	0.91	-0.22	0.57	0.93	-0.34	-0.86	-0.77	0.32	0.87	0.95	0.87	0.79	0.84	0.69	0.71	0.89	-0.57	-0.64	-0.89		0.53	-0.7	0.72	0.76	-0.48	0.93
Non Currrent Assets Other	0.27	-0.55	-0.32	0.27	0.03	-0.21	-0.75	0.17	0.24	0.74	0.24	0.67	0.78	0.53	0.22	0.22	-0.4	-0.43	-0.76	0.53		-0.26	0.38	0.15	-0.65	0.21
Other Assets	-0.63	-0.35	-0.46	-0.61	0.57	0.53	0.79	-0.54	-0.54	-0.68	-0.54	-0.74	-0.77	-0.4	-0.59	-0.61	0.77	0.84	0.63	-0.7	-0.26		-0.94	-0.45	0.36	-0.6
Long Term Debt	0.59	0.23	0.34	0.59	-0.54	-0.47	-0.83	0.44	0.5	0.73	0.5	0.79	0.83	0.51	0.49	0.56	-0.78	-0.84	-0.73	0.72	0.38	-0.94		0.38	-0.45	0.57
Non Current Liabilities Total	0.96	-0.12	0.8	0.91	-0.15	-0.98	-0.29	0.58	0.98	0.64	0.98	0.62	0.37	0.12	0.92	0.97	-0.19	-0.26	-0.5	0.76	0.15	-0.45	0.38		0.02	0.9
Deferred Long Term Liab	-0.15	0.24	0.16	-0.17	0.18	0.09	0.6	0.07	-0.12	-0.6	-0.12	-0.31	-0.72	-0.69	-0.09	-0.13	0.47	0.49	0.55	-0.48	-0.65	0.36	-0.45	0.02		-0.2
Net Invested Capital	0.97	-0.12	0.8	0.99	-0.31	-0.96	-0.5	0.33	0.96	0.78	0.96	0.65	0.58	0.5	0.78	0.97	-0.39	-0.46	-0.7	0.93	0.21	-0.6	0.57	0.9	-0.2

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XORTX Therapeutics Account Relationship Matchups

XORTX Therapeutics fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	2.3M	17.3M	12.3M	5.5M	6.3M	5.0M
Other Current Liab	728.4K	229.0K	151.4K	87.6K	78.9K	74.9K
Total Current Liabilities	1.0M	4.2M	1.5M	294.9K	339.2K	322.2K
Total Stockholder Equity	1.3M	13.1M	7.0M	4.6M	5.3M	3.1M
Net Debt	(171.3K)	(14.8M)	(10.3M)	(3.4M)	(3.1M)	(3.2M)
Retained Earnings	(8.0M)	(7.6M)	(14.1M)	(23.7M)	(21.3M)	(20.2M)
Accounts Payable	305.8K	324.0K	1.3M	195.8K	225.2K	213.9K
Cash	171.3K	14.8M	10.4M	3.4M	4.0M	3.6M
Non Current Assets Total	234.3K	1.5M	1.5M	1.4M	1.6M	1.7M
Cash And Short Term Investments	171.3K	14.8M	10.4M	3.4M	3.9M	3.6M
Net Receivables	14.4K	40.7K	81.8K	60.7K	69.8K	35.1K
Common Stock Shares Outstanding	740.4K	1.1M	1.5M	2.0M	2.3M	2.4M
Liabilities And Stockholders Equity	2.3M	17.3M	12.3M	5.5M	6.3M	5.0M
Other Stockholder Equity	0.0	5.0M	(2.1M)	5.8M	6.7M	7.1M
Total Liab	1.0M	4.2M	5.4M	825.9K	949.8K	1.9M
Total Current Assets	2.1M	15.8M	10.9M	4.1M	4.7M	4.2M
Short Long Term Debt Total	43.3K	50.8K	77.4K	11.5K	10.4K	9.8K
Intangible Assets	234.3K	201.0K	199.4K	175.3K	157.7K	189.0K
Net Tangible Assets	(484.1K)	1.0M	16.5M	9.2M	10.6M	11.1M
Net Invested Capital	1.3M	16.7M	7.0M	4.6M	5.3M	4.6M
Net Working Capital	1.0M	14.9M	9.4M	3.8M	4.3M	4.3M
Common Stock	8.3M	15.7M	15.2M	17.1M	19.6M	10.9M
Other Current Assets	1.9M	1.0M	379.6K	560.4K	504.4K	701.0K
Capital Stock	8.3M	20.0M	15.2M	17.1M	19.6M	13.2M

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XORTX Total Current Assets vs Non Current Liabilities Total Analysis

Total Current Assets vs Non Current Liabilities Total

Total Current Assets vs Non Current Liabilities Total Correlation Analysis

Correlation Coefficient

Total Current Assets

Non Current Liabilities Total

XORTX Therapeutics fundamental ratios Correlations

XORTX Therapeutics Account Relationship Matchups

High Positive Relationship

High Negative Relationship

XORTX Therapeutics fundamental ratios Accounts

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Total Current Assets	+ 1.0	Total Assets
Cash And Short Term Investments	+ 1.0	Cash
Cash	+ 0.99	Total Assets
Cash And Short Term Investments	+ 0.99	Total Assets
Net Invested Capital	+ 0.99	Total Stockholder Equity
Total Current Assets	+ 0.99	Cash

Cash And Short Term Investments	- 1.0	Net Debt
Cash	- 1.0	Net Debt
Total Current Assets	- 0.99	Net Debt
Net Debt	- 0.99	Total Assets
Common Stock Shares Outstanding	- 0.98	Retained Earnings
Non Current Liabilities Total	- 0.98	Net Debt