GDRX Stock | | | USD 4.83 0.03 0.62% |
Goodrx Holdings financial indicator trend analysis is much more than just examining Goodrx Holdings latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Goodrx Holdings is a good investment. Please check the relationship between Goodrx Holdings Long Term Debt and its Non Currrent Assets Other accounts. Check out
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Goodrx Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in metropolitan statistical area.
For more information on how to buy Goodrx Stock please use our
How to Invest in Goodrx Holdings guide.
Long Term Debt vs Non Currrent Assets Other
Long Term Debt vs Non Currrent Assets Other Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Goodrx Holdings Long Term Debt account and
Non Currrent Assets Other. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Goodrx Holdings' Long Term Debt and Non Currrent Assets Other is -0.28. Overlapping area represents the amount of variation of Long Term Debt that can explain the historical movement of Non Currrent Assets Other in the same time period over historical financial statements of Goodrx Holdings, assuming nothing else is changed. The correlation between historical values of Goodrx Holdings' Long Term Debt and Non Currrent Assets Other 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 Goodrx Holdings are associated (or correlated) with its Non Currrent Assets Other. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Currrent Assets Other has no effect on the direction of Long Term Debt i.e., Goodrx Holdings' Long Term Debt and Non Currrent Assets Other go up and down completely randomly.
Correlation Coefficient | -0.28 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Long Term Debt
Long-term debt is a debt that Goodrx Holdings has held for over one year. Long-term debt appears on Goodrx Holdings 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 Goodrx Holdings 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.
Non Currrent Assets Other
Assets that are not physical or tangible, expected to provide value for more than one year, and not easily converted into cash, such as long-term investments or patents.
Most indicators from Goodrx Holdings' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Goodrx Holdings 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
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Goodrx Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in metropolitan statistical area.
For more information on how to buy Goodrx Stock please use our
How to Invest in Goodrx Holdings guide.At this time, Goodrx Holdings'
Selling General Administrative is fairly stable compared to the past year.
Sales General And Administrative To Revenue is likely to rise to 0.20 in 2024, despite the fact that
Tax Provision is likely to grow to (48.2
M).
Goodrx Holdings fundamental ratios Correlations
Click cells to compare fundamentals
Goodrx Holdings Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Goodrx Holdings fundamental ratios Accounts
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
Additional Tools for Goodrx Stock Analysis
When running Goodrx Holdings' price analysis, check to
measure Goodrx Holdings' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Goodrx Holdings is operating at the current time. Most of Goodrx Holdings' value examination focuses on studying past and present price action to
predict the probability of Goodrx Holdings' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Goodrx Holdings' price. Additionally, you may evaluate how the addition of Goodrx Holdings to your portfolios can decrease your overall portfolio volatility.