Biodesix Income Before Tax vs Operating Income Analysis

BDSX Stock

USD 1.44 0.01 0.70%

Biodesix financial indicator trend analysis is way more than just evaluating Biodesix prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Biodesix is a good investment. Please check the relationship between Biodesix Income Before Tax and its Operating Income accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Biodesix. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

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

Income Before Tax vs Operating Income

Income Before Tax vs Operating Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Biodesix Income Before Tax account and Operating Income. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Biodesix's Income Before Tax and Operating Income is 0.98. Overlapping area represents the amount of variation of Income Before Tax that can explain the historical movement of Operating Income in the same time period over historical financial statements of Biodesix, assuming nothing else is changed. The correlation between historical values of Biodesix's Income Before Tax and Operating Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Income Before Tax of Biodesix are associated (or correlated) with its Operating Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Operating Income has no effect on the direction of Income Before Tax i.e., Biodesix's Income Before Tax and Operating Income go up and down completely randomly.

Correlation Coefficient

0.98

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Income Before Tax

Income Before Tax which can also be referred as pre-tax income is reported on Biodesix income statement and is an important metric when analyzing Biodesix profitability. Accounting techniques because taxes can be complex, and not perfectly consistent from one company to company, an analyst may use pre-tax income as a more stable measure of profitability.

Operating Income

Operating Income is the amount of profit realized from Biodesix operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Biodesix is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.

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

For more information on how to buy Biodesix Stock please use our How to Invest in Biodesix guide.Selling General Administrative is likely to drop to about 49.7 M in 2024. Issuance Of Capital Stock is likely to drop to about 41 M in 2024

	2023	2024 (projected)
Depreciation And Amortization	5.5M	3.2M
Interest Income	16.2K	25.9K

Depreciation And Amortization Interest Income

Biodesix fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Long Term Debt	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Total Equity	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity
Total Assets		0.46	0.72	0.9	0.96	-0.33	0.96	0.6	0.61	-0.49	-0.77	0.82	0.96	0.72	0.85	0.85	-0.05	0.96	0.88	0.93	0.94	0.57	-0.94	0.86	0.98	0.98
Short Long Term Debt Total	0.46		0.51	0.51	0.32	-0.26	0.36	0.74	-0.15	0.44	-0.63	0.27	0.22	0.85	0.66	0.66	0.81	0.22	0.44	0.57	0.43	0.62	-0.3	0.05	0.33	0.45
Other Current Liab	0.72	0.51		0.84	0.81	-0.79	0.83	0.73	0.16	-0.14	-0.87	0.27	0.59	0.82	0.78	0.78	0.1	0.59	0.42	0.92	0.87	0.65	-0.85	0.64	0.74	0.83
Total Current Liabilities	0.9	0.51	0.84		0.88	-0.37	0.88	0.63	0.57	-0.33	-0.81	0.69	0.82	0.71	0.78	0.78	-0.06	0.82	0.81	0.94	0.9	0.48	-0.88	0.83	0.9	0.9
Total Stockholder Equity	0.96	0.32	0.81	0.88		-0.54	1.0	0.62	0.51	-0.51	-0.83	0.66	0.93	0.69	0.86	0.86	-0.15	0.93	0.74	0.95	0.98	0.62	-0.99	0.88	0.97	0.98
Other Liab	-0.33	-0.26	-0.79	-0.37	-0.54		-0.55	-0.64	0.35	-0.08	0.72	0.25	-0.21	-0.63	-0.6	-0.6	-0.2	-0.21	0.12	-0.59	-0.59	-0.69	0.57	-0.23	-0.34	-0.5
Net Tangible Assets	0.96	0.36	0.83	0.88	1.0	-0.55		0.66	0.48	-0.47	-0.85	0.65	0.92	0.72	0.88	0.88	-0.11	0.92	0.73	0.96	0.99	0.65	-0.99	0.87	0.96	0.98
Property Plant And Equipment Net	0.6	0.74	0.73	0.63	0.62	-0.64	0.66		-0.18	0.35	-0.92	0.27	0.4	0.87	0.89	0.89	0.5	0.4	0.42	0.76	0.75	0.95	-0.58	0.35	0.55	0.64
Current Deferred Revenue	0.61	-0.15	0.16	0.57	0.51	0.35	0.48	-0.18		-0.82	-0.05	0.82	0.73	-0.02	0.12	0.12	-0.63	0.73	0.76	0.39	0.41	-0.26	-0.52	0.79	0.67	0.52
Net Debt	-0.49	0.44	-0.14	-0.33	-0.51	-0.08	-0.47	0.35	-0.82		-0.03	-0.52	-0.68	0.13	-0.05	-0.05	0.73	-0.68	-0.44	-0.29	-0.35	0.28	0.54	-0.68	-0.56	-0.48
Retained Earnings	-0.77	-0.63	-0.87	-0.81	-0.83	0.72	-0.85	-0.92	-0.05	-0.03		-0.36	-0.64	-0.86	-0.97	-0.97	-0.29	-0.64	-0.52	-0.91	-0.91	-0.85	0.81	-0.55	-0.73	-0.83
Accounts Payable	0.82	0.27	0.27	0.69	0.66	0.25	0.65	0.27	0.82	-0.52	-0.36		0.84	0.35	0.49	0.49	-0.22	0.84	0.97	0.6	0.62	0.22	-0.62	0.79	0.82	0.68
Cash	0.96	0.22	0.59	0.82	0.93	-0.21	0.92	0.4	0.73	-0.68	-0.64	0.84		0.5	0.73	0.73	-0.27	1.0	0.86	0.83	0.88	0.39	-0.91	0.9	0.96	0.92
Non Current Assets Total	0.72	0.85	0.82	0.71	0.69	-0.63	0.72	0.87	-0.02	0.13	-0.86	0.35	0.5		0.87	0.87	0.56	0.5	0.51	0.86	0.77	0.84	-0.68	0.41	0.65	0.77
Non Currrent Assets Other	0.85	0.66	0.78	0.78	0.86	-0.6	0.88	0.89	0.12	-0.05	-0.97	0.49	0.73	0.87		1.0	0.33	0.73	0.63	0.91	0.92	0.86	-0.82	0.56	0.78	0.87
Other Assets	0.85	0.66	0.78	0.78	0.86	-0.6	0.88	0.89	0.12	-0.05	-0.97	0.49	0.73	0.87	1.0		0.33	0.73	0.63	0.91	0.92	0.86	-0.82	0.56	0.78	0.87
Long Term Debt	-0.05	0.81	0.1	-0.06	-0.15	-0.2	-0.11	0.5	-0.63	0.73	-0.29	-0.22	-0.27	0.56	0.33	0.33		-0.27	-0.09	0.08	-0.03	0.49	0.18	-0.5	-0.21	-0.03
Cash And Short Term Investments	0.96	0.22	0.59	0.82	0.93	-0.21	0.92	0.4	0.73	-0.68	-0.64	0.84	1.0	0.5	0.73	0.73	-0.27		0.86	0.83	0.88	0.39	-0.91	0.9	0.96	0.92
Net Receivables	0.88	0.44	0.42	0.81	0.74	0.12	0.73	0.42	0.76	-0.44	-0.52	0.97	0.86	0.51	0.63	0.63	-0.09	0.86		0.72	0.72	0.32	-0.7	0.79	0.86	0.77
Good Will	0.93	0.57	0.92	0.94	0.95	-0.59	0.96	0.76	0.39	-0.29	-0.91	0.6	0.83	0.86	0.91	0.91	0.08	0.83	0.72		0.98	0.69	-0.95	0.79	0.92	0.97
Common Stock Total Equity	0.94	0.43	0.87	0.9	0.98	-0.59	0.99	0.75	0.41	-0.35	-0.91	0.62	0.88	0.77	0.92	0.92	-0.03	0.88	0.72	0.98		0.71	-0.97	0.83	0.94	0.97
Common Stock Shares Outstanding	0.57	0.62	0.65	0.48	0.62	-0.69	0.65	0.95	-0.26	0.28	-0.85	0.22	0.39	0.84	0.86	0.86	0.49	0.39	0.32	0.69	0.71		-0.57	0.31	0.52	0.61
Non Current Liabilities Total	-0.94	-0.3	-0.85	-0.88	-0.99	0.57	-0.99	-0.58	-0.52	0.54	0.81	-0.62	-0.91	-0.68	-0.82	-0.82	0.18	-0.91	-0.7	-0.95	-0.97	-0.57		-0.89	-0.95	-0.98
Inventory	0.86	0.05	0.64	0.83	0.88	-0.23	0.87	0.35	0.79	-0.68	-0.55	0.79	0.9	0.41	0.56	0.56	-0.5	0.9	0.79	0.79	0.83	0.31	-0.89		0.95	0.84
Other Current Assets	0.98	0.33	0.74	0.9	0.97	-0.34	0.96	0.55	0.67	-0.56	-0.73	0.82	0.96	0.65	0.78	0.78	-0.21	0.96	0.86	0.92	0.94	0.52	-0.95	0.95		0.96
Other Stockholder Equity	0.98	0.45	0.83	0.9	0.98	-0.5	0.98	0.64	0.52	-0.48	-0.83	0.68	0.92	0.77	0.87	0.87	-0.03	0.92	0.77	0.97	0.97	0.61	-0.98	0.84	0.96

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Biodesix Account Relationship Matchups

Biodesix fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	41.6M	121.1M	76.1M	92.9M	99.1M	86.1M
Short Long Term Debt Total	36.0M	27.8M	10.0M	31.9M	60.7M	34.7M
Other Current Liab	7.4M	7.8M	25.4M	17.1M	29.6M	16.6M
Total Current Liabilities	22.6M	32.1M	29.0M	22.8M	33.4M	26.5M
Total Stockholder Equity	(228.5M)	41.2M	19.7M	20.6M	4.6M	4.8M
Other Liab	29.8M	31.9M	17.4M	19.2M	17.3M	19.8M
Net Tangible Assets	(255.3M)	12.9M	(6.9M)	(4.2M)	(4.9M)	(5.1M)
Property Plant And Equipment Net	2.1M	3.2M	4.2M	8.8M	29.6M	31.1M
Current Deferred Revenue	1.3M	3.5M	1.9M	962K	324K	307.8K
Net Debt	30.7M	(34.4M)	(22.7M)	(11.2M)	34.4M	36.1M
Retained Earnings	(230.9M)	(258.8M)	(302.0M)	(367.4M)	(419.6M)	(440.5M)
Accounts Payable	1.7M	9.0M	1.7M	1.7M	2.9M	3.3M
Cash	5.3M	62.1M	32.7M	43.1M	26.3M	32.2M
Non Current Assets Total	28.9M	34.9M	32.5M	39.6M	59.4M	41.2M
Non Currrent Assets Other	90K	3.5M	1.7M	5.9M	6.9M	7.2M
Other Assets	90K	3.5M	1.7M	5.9M	6.8M	7.2M
Long Term Debt	23.8M	15.9M	10.0M	25.0M	35.2M	24.4M
Cash And Short Term Investments	5.3M	62.1M	32.7M	43.1M	26.3M	32.2M
Net Receivables	5.3M	15.3M	3.7M	5.1M	7.7M	7.1M
Common Stock Shares Outstanding	254.9K	26.6M	27.4M	42.1M	82.1M	86.2M
Liabilities And Stockholders Equity	41.6M	121.1M	76.1M	92.9M	99.1M	86.1M
Non Current Liabilities Total	247.6M	47.8M	27.4M	49.5M	61.1M	88.8M
Inventory	800K	3.2M	2.9M	1.4M	1.6M	1.9M
Other Current Assets	2.1M	5.5M	4.3M	3.8M	4.3M	4.1M
Other Stockholder Equity	2.3M	421.0M	321.7M	387.9M	424.1M	286.9M
Total Liab	270.2M	79.9M	56.4M	72.3M	94.5M	108.0M
Net Invested Capital	(192.6M)	68.9M	29.7M	45.7M	39.9M	41.8M
Property Plant And Equipment Gross	2.1M	3.2M	4.2M	8.8M	35.2M	37.0M
Total Current Assets	12.7M	86.1M	43.6M	53.3M	39.7M	45.0M
Non Current Liabilities Other	29.5M	31.9M	17.4M	19.2M	712K	676.4K
Net Working Capital	(9.9M)	54.0M	14.7M	30.5M	6.3M	6.0M
Intangible Assets	15.1M	13.3M	11.6M	9.8M	7.9M	9.9M
Property Plant Equipment	2.1M	3.2M	4.2M	8.8M	10.1M	10.7M

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Biodesix Income Before Tax vs Operating Income Analysis

Income Before Tax vs Operating Income

Income Before Tax vs Operating Income Correlation Analysis

Correlation Coefficient

Income Before Tax

Operating Income

Biodesix fundamental ratios Correlations

Biodesix Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Biodesix fundamental ratios Accounts

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Additional Tools for Biodesix Stock Analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Net Tangible Assets	+ 1.0	Total Stockholder Equity
Cash And Short Term Investments	+ 1.0	Cash
Other Assets	+ 1.0	Non Currrent Assets Other
Common Stock Total Equity	+ 0.99	Net Tangible Assets
Other Current Assets	+ 0.98	Total Assets
Other Stockholder Equity	+ 0.98	Total Assets

Non Current Liabilities Total	- 0.99	Net Tangible Assets
Non Current Liabilities Total	- 0.99	Total Stockholder Equity
Other Stockholder Equity	- 0.98	Non Current Liabilities Total
Non Current Liabilities Total	- 0.97	Common Stock Total Equity
Other Assets	- 0.97	Retained Earnings
Non Currrent Assets Other	- 0.97	Retained Earnings