Crinetics Long Term Debt vs Common Stock Shares Outstanding Analysis

CRNX Stock  USD 57.20  0.47  0.81%   
Crinetics Pharmaceuticals financial indicator trend analysis is way more than just evaluating Crinetics Pharmaceuticals prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Crinetics Pharmaceuticals is a good investment. Please check the relationship between Crinetics Pharmaceuticals Long Term Debt and its Common Stock Shares Outstanding accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Crinetics Pharmaceuticals. 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 Crinetics Stock please use our How to Invest in Crinetics Pharmaceuticals guide.

Long Term Debt vs Common Stock Shares Outstanding

Long Term Debt vs Common Stock Shares Outstanding Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Crinetics Pharmaceuticals Long Term Debt account and Common Stock Shares Outstanding. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Crinetics Pharmaceuticals' Long Term Debt and Common Stock Shares Outstanding is -0.44. Overlapping area represents the amount of variation of Long Term Debt that can explain the historical movement of Common Stock Shares Outstanding in the same time period over historical financial statements of Crinetics Pharmaceuticals, assuming nothing else is changed. The correlation between historical values of Crinetics Pharmaceuticals' Long Term Debt and Common Stock Shares Outstanding is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Long Term Debt of Crinetics Pharmaceuticals are associated (or correlated) with its Common Stock Shares Outstanding. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock Shares Outstanding has no effect on the direction of Long Term Debt i.e., Crinetics Pharmaceuticals' Long Term Debt and Common Stock Shares Outstanding go up and down completely randomly.

Correlation Coefficient

-0.44
Relationship DirectionNegative 
Relationship StrengthVery Weak

Long Term Debt

Long-term debt is a debt that Crinetics Pharmaceuticals has held for over one year. Long-term debt appears on Crinetics Pharmaceuticals 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 Crinetics Pharmaceuticals 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.

Common Stock Shares Outstanding

The total number of shares of a company's common stock that are currently owned by all its shareholders.
Most indicators from Crinetics Pharmaceuticals' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Crinetics Pharmaceuticals 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 Crinetics Pharmaceuticals. 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 Crinetics Stock please use our How to Invest in Crinetics Pharmaceuticals guide.Selling General Administrative is likely to rise to about 61 M in 2024, whereas Issuance Of Capital Stock is likely to drop slightly above 188.1 M in 2024.
 2021 2022 2023 2024 (projected)
Interest Income157K4.3M13.4M14.1M
Net Interest Income157K4.3M13.4M14.1M

Crinetics Pharmaceuticals fundamental ratios Correlations

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0.50.850.560.530.50.240.830.48-0.470.06-0.140.810.81-0.53-0.830.470.730.190.14-0.830.910.140.34-0.17-0.14
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0.950.690.920.920.240.80.73-0.39-0.930.840.670.740.760.36-0.630.970.820.930.88-0.630.290.920.850.88-0.98
0.91.00.920.910.830.820.730.17-0.880.560.221.00.98-0.13-0.940.880.990.680.63-0.940.830.610.730.41-0.67
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0.520.20.420.39-0.140.110.670.22-0.92-0.430.430.240.340.35-0.160.540.320.660.5-0.16-0.170.640.480.64-0.62
0.911.00.930.920.810.830.741.00.16-0.890.580.240.98-0.11-0.940.890.990.70.65-0.940.820.620.740.43-0.68
0.910.980.920.890.810.80.760.980.05-0.860.510.340.98-0.19-0.920.890.970.650.6-0.920.780.630.750.4-0.67
0.17-0.160.130.16-0.530.110.36-0.13-0.42-0.20.510.35-0.11-0.190.20.19-0.010.510.420.2-0.470.50.010.59-0.43
-0.81-0.94-0.84-0.83-0.83-0.76-0.63-0.94-0.230.78-0.39-0.16-0.94-0.920.2-0.79-0.92-0.58-0.441.0-0.84-0.49-0.67-0.280.56
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0.950.980.970.960.730.870.820.990.07-0.930.650.320.990.97-0.01-0.920.940.770.72-0.920.750.710.780.53-0.77
0.880.640.850.860.190.660.930.68-0.4-0.890.880.660.70.650.51-0.580.890.770.9-0.580.260.870.750.9-0.94
0.840.590.830.850.140.730.880.63-0.27-0.90.910.50.650.60.42-0.440.850.720.9-0.440.290.760.820.91-0.94
-0.81-0.94-0.84-0.83-0.83-0.76-0.63-0.94-0.230.78-0.39-0.16-0.94-0.920.21.0-0.79-0.92-0.58-0.44-0.84-0.49-0.67-0.280.56
0.560.850.630.620.910.60.290.830.51-0.590.14-0.170.820.78-0.47-0.840.530.750.260.29-0.840.080.54-0.03-0.27
0.830.580.770.790.140.680.920.61-0.41-0.770.860.640.620.630.5-0.490.850.710.870.76-0.490.080.570.83-0.86
0.880.70.880.880.340.780.850.73-0.2-0.90.640.480.740.750.01-0.670.880.780.750.82-0.670.540.570.73-0.88
0.740.360.690.72-0.170.590.880.41-0.49-0.770.920.640.430.40.59-0.280.760.530.90.91-0.28-0.030.830.73-0.94
-0.92-0.63-0.89-0.9-0.14-0.79-0.98-0.670.370.93-0.88-0.62-0.68-0.67-0.430.56-0.93-0.77-0.94-0.940.56-0.27-0.86-0.88-0.94
Click cells to compare fundamentals

Crinetics Pharmaceuticals Account Relationship Matchups

Crinetics Pharmaceuticals fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets130.4M183.4M351.0M352.2M635.4M667.1M
Other Current Liab2.8M7.0M12.6M17.5M31.2M32.7M
Total Current Liabilities8.3M10.5M16.0M27.7M43.9M46.1M
Total Stockholder Equity(93.8M)(167.6M)(275.3M)(439.2M)539.1M566.1M
Net Tangible Assets117.1M168.9M331.9M316.3M363.8M382.0M
Property Plant And Equipment Net6.5M5.4M4.7M5.0M57.4M60.3M
Net Debt(35.5M)(89.1M)(197.6M)(30.6M)(3.2M)(3.3M)
Retained Earnings(93.8M)(167.6M)(275.3M)(439.2M)(653.7M)(621.0M)
Accounts Payable5.5M3.5M3.4M6.9M6.5M3.9M
Cash40.3M93.1M200.7M32.7M54.9M67.8M
Non Current Assets Total7.0M6.0M6.3M7.0M61.2M64.3M
Non Currrent Assets Other82K40K568K37K2M2.1M
Other Assets582K2.8M568K2.0M1.00.95
Cash And Short Term Investments118.4M170.9M333.7M334.4M558.6M586.5M
Net Receivables1.4M1.8M2.0M2.4M9.4M9.8M
Common Stock Shares Outstanding24.2M30.4M38.4M52.0M58.1M33.4M
Liabilities And Stockholders Equity(80.6M)(153.1M)(256.2M)(403.3M)635.4M667.1M
Non Current Liabilities Total4.9M4.0M3.1M8.1M52.3M54.9M
Other Current Assets4.9M4.8M8.1M10.8M6.2M5.0M
Other Stockholder Equity(210.9M)(336.5M)(607.2M)(755.5M)(680.0M)(646.0M)
Total Liab13.2M14.5M19.1M35.8M96.2M101.1M
Property Plant And Equipment Gross6.5M3.2M8.2M9.1M62.5M65.6M
Total Current Assets123.3M177.5M344.7M345.2M574.2M602.9M
Accumulated Other Comprehensive Income148K25K(382K)(3.9M)977K1.0M
Non Current Liabilities Other202K4.8M4.0M2K2.3K2.2K
Common Stock210.8M336.5M607.6M759.4M1.2B1.3B
Property Plant Equipment6.5M5.4M4.7M5.0M5.7M4.2M
Net Invested Capital117.1M168.9M331.9M316.3M539.1M566.1M
Net Working Capital115.0M167.0M328.7M317.5M530.2M556.7M
Short Term Investments78.1M77.8M133.0M301.8M503.7M528.8M
Capital Stock210.8M336.5M607.6M759.4M1.2B1.3B

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