IDEXX Total Assets vs Depreciation And Amortization Analysis

0J8P Stock   416.54  3.95  0.96%   
IDEXX Laboratories financial indicator trend analysis is infinitely more than just investigating IDEXX Laboratories recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether IDEXX Laboratories is a good investment. Please check the relationship between IDEXX Laboratories Total Assets and its Depreciation And Amortization accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in IDEXX Laboratories. 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.
For more information on how to buy IDEXX Stock please use our How to Invest in IDEXX Laboratories guide.

Total Assets vs Depreciation And Amortization

Total Assets vs Depreciation And Amortization Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of IDEXX Laboratories Total Assets account and Depreciation And Amortization. At this time, the significance of the direction appears to have almost identical trend.
The correlation between IDEXX Laboratories' Total Assets and Depreciation And Amortization is 0.96. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Depreciation And Amortization in the same time period over historical financial statements of IDEXX Laboratories, assuming nothing else is changed. The correlation between historical values of IDEXX Laboratories' Total Assets and Depreciation And Amortization 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 Assets of IDEXX Laboratories are associated (or correlated) with its Depreciation And Amortization. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Depreciation And Amortization has no effect on the direction of Total Assets i.e., IDEXX Laboratories' Total Assets and Depreciation And Amortization go up and down completely randomly.

Correlation Coefficient

0.96
Relationship DirectionPositive 
Relationship StrengthVery Strong

Total Assets

Total assets refers to the total amount of IDEXX Laboratories assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in IDEXX Laboratories books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

Depreciation And Amortization

The systematic reduction in the recorded value of an intangible asset. This includes the allocation of the cost of tangible assets to periods in which the assets are used, representing the expense related to the wear and tear, deterioration, or obsolescence of physical assets and intangible assets over their useful lives.
Most indicators from IDEXX Laboratories' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into IDEXX Laboratories 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in IDEXX Laboratories. 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.
For more information on how to buy IDEXX Stock please use our How to Invest in IDEXX Laboratories guide.Selling General Administrative is likely to drop to about 187 M in 2024. Tax Provision is likely to drop to about 109.4 M in 2024
 2021 2022 2023 2024 (projected)
Total Revenue3.2B3.4B3.7B3.8B
Depreciation And Amortization104.6M111.9M114.9M120.7M

IDEXX Laboratories fundamental ratios Correlations

0.950.750.730.990.490.910.950.630.980.760.480.98-0.320.970.47-0.920.820.960.770.680.690.140.540.880.6
0.950.710.590.950.570.820.970.460.960.850.330.96-0.410.90.46-0.860.860.870.880.690.710.10.590.870.75
0.750.710.190.720.860.520.770.270.690.430.480.69-0.280.760.78-0.650.920.780.730.550.940.750.670.770.56
0.730.590.190.71-0.220.890.590.750.720.60.330.730.050.74-0.01-0.750.20.690.190.570.03-0.370.140.510.09
0.990.950.720.710.490.90.950.590.990.780.410.98-0.370.960.41-0.910.810.930.790.630.680.090.510.880.65
0.490.570.86-0.220.490.170.61-0.140.470.310.220.48-0.540.480.65-0.350.890.480.790.260.950.740.510.550.64
0.910.820.520.890.90.170.840.670.920.760.30.92-0.190.930.27-0.970.550.830.50.720.38-0.080.330.70.42
0.950.970.770.590.950.610.840.40.970.820.30.97-0.430.930.46-0.890.860.870.830.710.730.180.530.850.69
0.630.460.270.750.59-0.140.670.40.520.250.760.530.180.560.3-0.550.270.730.230.320.19-0.140.320.550.14
0.980.960.690.720.990.470.920.970.520.840.311.0-0.370.960.39-0.940.790.890.780.710.640.060.50.850.65
0.760.850.430.60.780.310.760.820.250.84-0.030.84-0.320.750.12-0.770.580.60.640.670.39-0.140.360.660.57
0.480.330.480.330.410.220.30.30.760.31-0.030.330.080.390.5-0.230.410.70.310.090.470.30.390.50.04
0.980.960.690.730.980.480.920.970.531.00.840.33-0.410.960.37-0.930.80.90.780.680.650.060.470.840.63
-0.32-0.41-0.280.05-0.37-0.54-0.19-0.430.18-0.37-0.320.08-0.41-0.27-0.050.3-0.5-0.22-0.630.11-0.48-0.040.2-0.11-0.55
0.970.90.760.740.960.480.930.930.560.960.750.390.96-0.270.46-0.930.770.920.680.750.660.20.50.820.52
0.470.460.78-0.010.410.650.270.460.30.390.120.50.37-0.050.46-0.430.690.560.520.560.740.740.760.560.52
-0.92-0.86-0.65-0.75-0.91-0.35-0.97-0.89-0.55-0.94-0.77-0.23-0.930.3-0.93-0.43-0.68-0.82-0.62-0.76-0.53-0.09-0.42-0.74-0.58
0.820.860.920.20.810.890.550.860.270.790.580.410.8-0.50.770.69-0.680.80.940.50.970.520.650.830.78
0.960.870.780.690.930.480.830.870.730.890.60.70.9-0.220.920.56-0.820.80.710.60.720.250.560.860.48
0.770.880.730.190.790.790.50.830.230.780.640.310.78-0.630.680.52-0.620.940.710.390.860.260.550.770.87
0.680.690.550.570.630.260.720.710.320.710.670.090.680.110.750.56-0.760.50.60.390.360.190.640.620.41
0.690.710.940.030.680.950.380.730.190.640.390.470.65-0.480.660.74-0.530.970.720.860.360.690.610.730.68
0.140.10.75-0.370.090.74-0.080.18-0.140.06-0.140.30.06-0.040.20.74-0.090.520.250.260.190.690.480.280.19
0.540.590.670.140.510.510.330.530.320.50.360.390.470.20.50.76-0.420.650.560.550.640.610.480.80.61
0.880.870.770.510.880.550.70.850.550.850.660.50.84-0.110.820.56-0.740.830.860.770.620.730.280.80.68
0.60.750.560.090.650.640.420.690.140.650.570.040.63-0.550.520.52-0.580.780.480.870.410.680.190.610.68
Click cells to compare fundamentals

IDEXX Laboratories Account Relationship Matchups

IDEXX Laboratories fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets1.8B2.3B2.4B2.7B3.3B3.4B
Other Current Liab276.5M355.2M396.4M364.7M372.4M391.0M
Total Current Liabilities725.3M582.8M763.6M1.2B951.5M999.1M
Total Stockholder Equity177.5M632.1M690.0M608.7M1.5B1.6B
Property Plant And Equipment Net533.8M555.2M587.7M649.5M817.7M858.6M
Net Debt897.3M524.6M779.2M1.2B613.4M644.1M
Retained Earnings1.6B2.2B2.9B3.6B4.4B4.7B
Accounts Payable72.2M74.6M116.1M110.2M110.6M116.2M
Cash90.3M383.9M144.5M112.5M453.9M476.6M
Non Current Assets Total1.2B1.2B1.5B1.6B1.8B1.9B
Non Currrent Assets Other299.0M337.2M397.4M425.6M333.0M349.6M
Cash And Short Term Investments90.3M383.9M144.5M112.5M453.9M476.6M
Net Receivables307.5M374.7M425.6M490.9M529.5M556.0M
Common Stock Shares Outstanding87.5M86.7M86.6M84.6M84.0M94.9M
Liabilities And Stockholders Equity1.8B2.3B2.4B2.7B3.3B3.4B
Inventory195.0M209.9M269.0M367.8M380.3M399.3M
Other Current Assets86.8M94.2M116.6M130.2M131.5M75.1M
Other Stockholder Equity(1.4B)(1.5B)(2.2B)(2.9B)(2.9B)(2.8B)
Total Liab1.7B1.7B1.7B2.1B1.8B1.9B
Total Current Assets679.6M1.1B955.7M1.1B1.5B1.6B
Non Current Liabilities Total929.3M1.1B983.6M902.2M823.8M865.0M
Intangible Assets58.5M52.5M99.0M97.7M84.5M66.7M
Short Long Term Debt Total987.7M908.5M923.7M1.3B1.1B1.1B
Short Term Debt304.0M67.7M168.4M674.4M344.8M212.2M
Accumulated Other Comprehensive Income(46.2M)(53.6M)(53.5M)(77.8M)(71.2M)(67.6M)
Common Stock10.6M10.6M10.7M10.7M10.8M9.2M
Current Deferred Revenue41.5M42.6M40.0M37.9M37.2M25.0M
Good Will239.7M243.3M359.3M361.8M366.0M218.6M
Other Assets240.2M289.6M325.2M1.01.151.09
Other Liab162.9M143.5M121.0M106.6M95.9M115.4M
Net Tangible Assets(120.7M)336.2M231.6M149.3M171.7M180.2M
Long Term Debt499.6M599.5M858.5M775.2M891.5M711.1M
Deferred Long Term Liab108.6M116.1M122.4M119.9M137.9M115.7M
Property Plant Equipment614.5M646.3M692.8M768.1M883.3M648.6M

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