CareRay Net Debt vs Total Stockholder Equity Analysis

688607 Stock

15.64 0.49 3.23%

CareRay Digital financial indicator trend analysis is way more than just evaluating CareRay Digital Medical prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether CareRay Digital Medical is a good investment. Please check the relationship between CareRay Digital Net Debt and its Total Stockholder Equity accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in CareRay Digital Medical. 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 Debt vs Total Stockholder Equity

Net Debt vs Total Stockholder Equity Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of CareRay Digital Medical Net Debt account and Total Stockholder Equity. At this time, the significance of the direction appears to have pay attention.

The correlation between CareRay Digital's Net Debt and Total Stockholder Equity is -0.81. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Total Stockholder Equity in the same time period over historical financial statements of CareRay Digital Medical, assuming nothing else is changed. The correlation between historical values of CareRay Digital's Net Debt and Total Stockholder Equity 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 Debt of CareRay Digital Medical are associated (or correlated) with its Total Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Stockholder Equity has no effect on the direction of Net Debt i.e., CareRay Digital's Net Debt and Total Stockholder Equity go up and down completely randomly.

Correlation Coefficient

-0.81

Relationship Direction	Negative
Relationship Strength	Significant

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Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.

Total Stockholder Equity

The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.

Most indicators from CareRay Digital's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into CareRay Digital Medical 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 CareRay Digital Medical. 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.

The current year's Selling General Administrative is expected to grow to about 40.5 M, whereas Tax Provision is projected to grow to (100.5 K).

	2021	2022	2023	2024 (projected)
Interest Expense	208.7K	370.6K	506.4K	446.7K
Depreciation And Amortization	15.8M	8.7M	10.0M	9.1M

Interest Expense Depreciation And Amortization

CareRay Digital fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	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	Non Currrent Assets Other	Cash And Short Term Investments	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Intangible Assets	Common Stock	Short Term Investments	Net Receivables	Net Invested Capital
Total Assets		-0.28	-0.6	0.31	1.0	0.68	-0.8	0.92	0.69	0.85	0.82	0.53	0.94	0.98	0.79	0.97	-0.82	0.93	0.48	1.0	-0.34	0.36	0.95	0.98	-0.56	0.98
Short Long Term Debt Total	-0.28		0.39	0.49	-0.3	-0.37	0.15	-0.34	-0.36	-0.09	-0.38	0.17	-0.35	-0.34	-0.35	-0.37	0.56	-0.3	0.36	-0.26	1.0	-0.24	-0.31	-0.41	0.27	-0.29
Other Current Liab	-0.6	0.39		-0.52	-0.59	-0.96	0.22	-0.6	-0.83	-0.32	-0.93	0.17	-0.73	-0.64	-0.63	-0.56	0.61	-0.76	-0.63	-0.56	0.43	-0.21	-0.68	-0.6	0.28	-0.61
Total Current Liabilities	0.31	0.49	-0.52		0.27	0.45	-0.03	0.3	0.58	0.22	0.43	0.04	0.29	0.23	0.24	0.17	-0.09	0.33	0.97	0.28	0.46	-0.02	0.38	0.18	0.2	0.27
Total Stockholder Equity	1.0	-0.3	-0.59	0.27		0.67	-0.81	0.92	0.67	0.85	0.81	0.53	0.94	0.98	0.78	0.98	-0.83	0.92	0.45	1.0	-0.36	0.36	0.95	0.98	-0.58	0.98
Property Plant And Equipment Net	0.68	-0.37	-0.96	0.45	0.67		-0.37	0.59	0.74	0.46	0.97	-0.08	0.82	0.73	0.59	0.64	-0.66	0.86	0.56	0.65	-0.41	0.08	0.78	0.68	-0.37	0.73
Net Debt	-0.8	0.15	0.22	-0.03	-0.81	-0.37		-0.66	-0.2	-0.97	-0.52	-0.86	-0.8	-0.75	-0.44	-0.73	0.69	-0.76	-0.13	-0.83	0.18	-0.2	-0.73	-0.76	0.55	-0.84
Retained Earnings	0.92	-0.34	-0.6	0.3	0.92	0.59	-0.66		0.76	0.69	0.76	0.49	0.85	0.9	0.9	0.92	-0.81	0.8	0.49	0.92	-0.38	0.64	0.8	0.91	-0.6	0.85
Accounts Payable	0.69	-0.36	-0.83	0.58	0.67	0.74	-0.2	0.76		0.33	0.78	-0.04	0.66	0.65	0.7	0.66	-0.67	0.64	0.71	0.65	-0.41	0.33	0.72	0.69	-0.17	0.61
Cash	0.85	-0.09	-0.32	0.22	0.85	0.46	-0.97	0.69	0.33		0.59	0.82	0.83	0.78	0.47	0.75	-0.68	0.81	0.31	0.86	-0.13	0.15	0.83	0.78	-0.42	0.88
Non Current Assets Total	0.82	-0.38	-0.93	0.43	0.81	0.97	-0.52	0.76	0.78	0.59		0.11	0.91	0.86	0.75	0.78	-0.74	0.94	0.58	0.79	-0.43	0.28	0.85	0.81	-0.5	0.84
Non Currrent Assets Other	0.53	0.17	0.17	0.04	0.53	-0.08	-0.86	0.49	-0.04	0.82	0.11		0.45	0.42	0.25	0.45	-0.38	0.39	0.09	0.57	0.16	0.28	0.4	0.45	-0.34	0.53
Cash And Short Term Investments	0.94	-0.35	-0.73	0.29	0.94	0.82	-0.8	0.85	0.66	0.83	0.91	0.45		0.95	0.71	0.91	-0.88	0.99	0.44	0.94	-0.4	0.27	0.92	0.94	-0.64	0.97
Common Stock Shares Outstanding	0.98	-0.34	-0.64	0.23	0.98	0.73	-0.75	0.9	0.65	0.78	0.86	0.42	0.95		0.83	0.98	-0.8	0.94	0.41	0.97	-0.39	0.39	0.93	0.97	-0.65	0.97
Non Current Liabilities Total	0.79	-0.35	-0.63	0.24	0.78	0.59	-0.44	0.9	0.7	0.47	0.75	0.25	0.71	0.83		0.8	-0.56	0.7	0.47	0.78	-0.39	0.79	0.69	0.76	-0.5	0.71
Inventory	0.97	-0.37	-0.56	0.17	0.98	0.64	-0.73	0.92	0.66	0.75	0.78	0.45	0.91	0.98	0.8		-0.85	0.89	0.35	0.97	-0.43	0.4	0.89	0.99	-0.69	0.95
Other Current Assets	-0.82	0.56	0.61	-0.09	-0.83	-0.66	0.69	-0.81	-0.67	-0.68	-0.74	-0.38	-0.88	-0.8	-0.56	-0.85		-0.82	-0.22	-0.82	0.6	-0.21	-0.77	-0.89	0.66	-0.83
Other Stockholder Equity	0.93	-0.3	-0.76	0.33	0.92	0.86	-0.76	0.8	0.64	0.81	0.94	0.39	0.99	0.94	0.7	0.89	-0.82		0.48	0.92	-0.35	0.22	0.93	0.91	-0.61	0.97
Total Liab	0.48	0.36	-0.63	0.97	0.45	0.56	-0.13	0.49	0.71	0.31	0.58	0.09	0.44	0.41	0.47	0.35	-0.22	0.48		0.45	0.32	0.18	0.51	0.36	0.06	0.42
Total Current Assets	1.0	-0.26	-0.56	0.28	1.0	0.65	-0.83	0.92	0.65	0.86	0.79	0.57	0.94	0.97	0.78	0.97	-0.82	0.92	0.45		-0.32	0.37	0.94	0.98	-0.6	0.98
Short Term Debt	-0.34	1.0	0.43	0.46	-0.36	-0.41	0.18	-0.38	-0.41	-0.13	-0.43	0.16	-0.4	-0.39	-0.39	-0.43	0.6	-0.35	0.32	-0.32		-0.24	-0.37	-0.46	0.29	-0.34
Intangible Assets	0.36	-0.24	-0.21	-0.02	0.36	0.08	-0.2	0.64	0.33	0.15	0.28	0.28	0.27	0.39	0.79	0.4	-0.21	0.22	0.18	0.37	-0.24		0.17	0.32	-0.38	0.25
Common Stock	0.95	-0.31	-0.68	0.38	0.95	0.78	-0.73	0.8	0.72	0.83	0.85	0.4	0.92	0.93	0.69	0.89	-0.77	0.93	0.51	0.94	-0.37	0.17		0.92	-0.37	0.96
Short Term Investments	0.98	-0.41	-0.6	0.18	0.98	0.68	-0.76	0.91	0.69	0.78	0.81	0.45	0.94	0.97	0.76	0.99	-0.89	0.91	0.36	0.98	-0.46	0.32	0.92		-0.65	0.97
Net Receivables	-0.56	0.27	0.28	0.2	-0.58	-0.37	0.55	-0.6	-0.17	-0.42	-0.5	-0.34	-0.64	-0.65	-0.5	-0.69	0.66	-0.61	0.06	-0.6	0.29	-0.38	-0.37	-0.65		-0.59
Net Invested Capital	0.98	-0.29	-0.61	0.27	0.98	0.73	-0.84	0.85	0.61	0.88	0.84	0.53	0.97	0.97	0.71	0.95	-0.83	0.97	0.42	0.98	-0.34	0.25	0.96	0.97	-0.59

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CareRay Digital Account Relationship Matchups

CareRay Digital fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	383.1M	431.5M	941.1M	902.7M	947.3M	653.2M
Short Long Term Debt Total	38.5M	4.6M	23.4M	10.1M	9.1M	13.6M
Other Current Liab	16.3M	14.5M	19.8M	14.8M	201.4K	191.3K
Total Current Liabilities	83.4M	57.5M	64.6M	51.4M	82.1M	69.8M
Total Stockholder Equity	293.5M	368.8M	870.9M	844.2M	858.1M	577.5M
Property Plant And Equipment Net	7.5M	7.1M	12.7M	46.2M	100.1M	105.1M
Net Debt	(56.2M)	(90.9M)	(332.2M)	(188.2M)	(169.3M)	(177.8M)
Retained Earnings	94.8M	163.3M	210.5M	177.7M	191.1M	139.0M
Accounts Payable	28.7M	38.5M	21.8M	28.8M	55.0M	32.2M
Cash	94.7M	95.5M	355.5M	198.3M	242.2M	193.4M
Non Current Assets Total	33.4M	35.1M	62.5M	90.5M	148.5M	155.9M
Non Currrent Assets Other	8.2M	7.9M	349.1M	27.6M	1.9M	1.8M
Cash And Short Term Investments	94.7M	252.5M	697.0M	623.3M	716.8M	752.6M
Common Stock Shares Outstanding	66.0M	65.9M	85.9M	93.7M	88.1M	82.6M
Liabilities And Stockholders Equity	383.1M	431.5M	941.1M	902.7M	1.0B	588.4M
Non Current Liabilities Total	6.0M	5.2M	5.5M	7.1M	7.1M	5.9M
Inventory	44.6M	65.3M	99.4M	123.0M	96.9M	78.7M
Other Current Assets	130.3M	1.2M	1.7M	2.5M	234.7K	222.9K
Other Stockholder Equity	132.7M	139.4M	572.3M	578.4M	665.1M	698.4M
Total Liab	89.4M	62.7M	70.2M	58.5M	89.2M	75.7M
Total Current Assets	349.7M	396.5M	878.6M	812.1M	798.8M	588.1M
Short Term Debt	38.5M	4.6M	23.0M	7.9M	7.1M	13.3M
Intangible Assets	13.5M	14.2M	10.8M	7.0M	3.8M	7.6M
Short Term Investments	9.5K	157.0M	341.5M	425.0M	362.7M	235.8M

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Other Information on Investing in CareRay Stock

Balance Sheet is a snapshot of the financial position of CareRay Digital Medical at a specified time, usually calculated after every quarter, six months, or one year. CareRay Digital Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of CareRay Digital and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which CareRay currently owns. An asset can also be divided into two categories, current and non-current.

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CareRay Net Debt vs Total Stockholder Equity Analysis

Net Debt vs Total Stockholder Equity

Net Debt vs Total Stockholder Equity Correlation Analysis

Correlation Coefficient

Net Debt

Total Stockholder Equity

CareRay Digital fundamental ratios Correlations

CareRay Digital Account Relationship Matchups

High Positive Relationship

High Negative Relationship

CareRay Digital fundamental ratios Accounts

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Other Information on Investing in CareRay Stock

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Total Stockholder Equity	+ 1.0	Total Assets
Total Current Assets	+ 1.0	Total Assets
Short Term Debt	+ 1.0	Short Long Term Debt Total
Total Current Assets	+ 1.0	Total Stockholder Equity
Other Stockholder Equity	+ 0.99	Cash And Short Term Investments
Short Term Investments	+ 0.99	Inventory

Cash	- 0.97	Net Debt
Property Plant And Equipment Net	- 0.96	Other Current Liab
Non Current Assets Total	- 0.93	Other Current Liab
Short Term Investments	- 0.89	Other Current Assets
Other Current Assets	- 0.88	Cash And Short Term Investments
Non Currrent Assets Other	- 0.86	Net Debt