Quorum Net Receivables vs Non Current Assets Total Analysis

QIS Stock

CAD 0.94 0.02 2.17%

Quorum Information financial indicator trend analysis is much more than just breaking down Quorum Information prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Quorum Information is a good investment. Please check the relationship between Quorum Information Net Receivables and its Non Current Assets Total accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Quorum Information Technologies. 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 Receivables vs Non Current Assets Total

Net Receivables vs Non Current Assets Total Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Quorum Information Net Receivables account and Non Current Assets Total. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Quorum Information's Net Receivables and Non Current Assets Total is 0.88. Overlapping area represents the amount of variation of Net Receivables that can explain the historical movement of Non Current Assets Total in the same time period over historical financial statements of Quorum Information Technologies, assuming nothing else is changed. The correlation between historical values of Quorum Information's Net Receivables and Non Current Assets Total 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 Receivables of Quorum Information Technologies are associated (or correlated) with its Non Current Assets Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Assets Total has no effect on the direction of Net Receivables i.e., Quorum Information's Net Receivables and Non Current Assets Total go up and down completely randomly.

Correlation Coefficient

0.88

Relationship Direction	Positive
Relationship Strength	Strong

View All Relationships

Net Receivables

Non Current Assets Total

The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.

Most indicators from Quorum Information's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Quorum Information 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in Quorum Information Technologies. 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.

At this time, Quorum Information's Sales General And Administrative To Revenue is fairly stable compared to the past year. Enterprise Value is likely to climb to about 57.6 M in 2024, whereas Selling General Administrative is likely to drop slightly above 5 M in 2024.

	2021	2022	2023	2024 (projected)
Interest Expense	1.5M	1.6M	1.6M	1.7M
Depreciation And Amortization	4.1M	4.1M	4.1M	4.3M

Interest Expense Depreciation And Amortization

Quorum Information 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	Non Current Assets Total	Non Currrent Assets Other	Net Receivables	Non Current Liabilities Total	Inventory	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Intangible Assets	Common Stock Shares Outstanding	Other Current Assets	Cash	Cash And Short Term Investments	Current Deferred Revenue	Net Tangible Assets	Other Assets
Total Assets		0.89	0.46	0.88	0.97	0.89	0.68	0.21	0.96	0.9	0.48	0.95	0.9	-0.1	-0.36	0.9	0.9	0.61	0.98	0.93	0.8	0.76	0.76	-0.47	-0.66	-0.54
Short Long Term Debt Total	0.89		0.38	0.97	0.81	0.88	0.89	0.09	0.91	0.98	0.24	0.91	1.0	-0.12	-0.35	1.0	0.75	0.85	0.93	0.81	0.91	0.58	0.58	-0.67	-0.86	-0.69
Other Current Liab	0.46	0.38		0.28	0.43	0.28	0.35	0.2	0.42	0.37	0.42	0.48	0.38	0.03	-0.13	0.37	0.35	0.18	0.5	0.49	0.55	0.21	0.21	-0.45	-0.36	-0.13
Total Current Liabilities	0.88	0.97	0.28		0.82	0.86	0.82	0.22	0.93	0.97	0.2	0.88	0.97	-0.06	-0.43	0.98	0.79	0.84	0.91	0.79	0.86	0.65	0.65	-0.58	-0.8	-0.74
Total Stockholder Equity	0.97	0.81	0.43	0.82		0.83	0.54	0.23	0.9	0.87	0.62	0.87	0.82	-0.2	-0.36	0.82	0.92	0.52	0.92	0.95	0.76	0.82	0.82	-0.39	-0.53	-0.53
Property Plant And Equipment Net	0.89	0.88	0.28	0.86	0.83		0.63	0.14	0.91	0.83	0.3	0.89	0.87	0.07	-0.3	0.88	0.89	0.58	0.84	0.78	0.66	0.8	0.8	-0.46	-0.54	-0.4
Net Debt	0.68	0.89	0.35	0.82	0.54	0.63		-0.14	0.71	0.86	0.03	0.77	0.89	-0.2	-0.16	0.88	0.39	0.88	0.79	0.59	0.86	0.16	0.16	-0.74	-0.98	-0.68
Retained Earnings	0.21	0.09	0.2	0.22	0.23	0.14	-0.14		0.32	0.08	-0.19	0.23	0.11	0.62	-0.56	0.13	0.42	-0.06	0.21	0.08	0.11	0.47	0.47	0.2	0.09	-0.21
Accounts Payable	0.96	0.91	0.42	0.93	0.9	0.91	0.71	0.32		0.89	0.28	0.96	0.92	0.11	-0.45	0.92	0.89	0.64	0.96	0.84	0.78	0.75	0.75	-0.46	-0.68	-0.55
Non Current Assets Total	0.9	0.98	0.37	0.97	0.87	0.83	0.86	0.08	0.89		0.37	0.88	0.98	-0.26	-0.33	0.98	0.75	0.83	0.94	0.85	0.92	0.59	0.59	-0.63	-0.84	-0.75
Non Currrent Assets Other	0.48	0.24	0.42	0.2	0.62	0.3	0.03	-0.19	0.28	0.37		0.26	0.24	-0.57	0.05	0.24	0.46	-0.02	0.39	0.63	0.3	0.46	0.46	-0.05	-0.04	-0.05
Net Receivables	0.95	0.91	0.48	0.88	0.87	0.89	0.77	0.23	0.96	0.88	0.26		0.92	0.06	-0.33	0.92	0.82	0.63	0.97	0.82	0.81	0.63	0.63	-0.52	-0.74	-0.53
Non Current Liabilities Total	0.9	1.0	0.38	0.97	0.82	0.87	0.89	0.11	0.92	0.98	0.24	0.92		-0.11	-0.35	1.0	0.75	0.84	0.94	0.81	0.91	0.58	0.58	-0.65	-0.86	-0.7
Inventory	-0.1	-0.12	0.03	-0.06	-0.2	0.07	-0.2	0.62	0.11	-0.26	-0.57	0.06	-0.11		-0.28	-0.11	0.09	-0.28	-0.09	-0.31	-0.28	0.13	0.13	0.32	0.21	0.25
Other Stockholder Equity	-0.36	-0.35	-0.13	-0.43	-0.36	-0.3	-0.16	-0.56	-0.45	-0.33	0.05	-0.33	-0.35	-0.28		-0.36	-0.47	-0.3	-0.36	-0.31	-0.39	-0.47	-0.47	0.19	0.2	0.36
Total Liab	0.9	1.0	0.37	0.98	0.82	0.88	0.88	0.13	0.92	0.98	0.24	0.92	1.0	-0.11	-0.36		0.76	0.84	0.94	0.81	0.9	0.59	0.59	-0.65	-0.85	-0.71
Total Current Assets	0.9	0.75	0.35	0.79	0.92	0.89	0.39	0.42	0.89	0.75	0.46	0.82	0.75	0.09	-0.47	0.76		0.41	0.82	0.84	0.62	0.96	0.96	-0.29	-0.34	-0.39
Short Term Debt	0.61	0.85	0.18	0.84	0.52	0.58	0.88	-0.06	0.64	0.83	-0.02	0.63	0.84	-0.28	-0.3	0.84	0.41		0.68	0.62	0.84	0.26	0.26	-0.83	-0.86	-0.79
Intangible Assets	0.98	0.93	0.5	0.91	0.92	0.84	0.79	0.21	0.96	0.94	0.39	0.97	0.94	-0.09	-0.36	0.94	0.82	0.68		0.88	0.87	0.63	0.63	-0.51	-0.79	-0.64
Common Stock Shares Outstanding	0.93	0.81	0.49	0.79	0.95	0.78	0.59	0.08	0.84	0.85	0.63	0.82	0.81	-0.31	-0.31	0.81	0.84	0.62	0.88		0.79	0.73	0.73	-0.56	-0.57	-0.55
Other Current Assets	0.8	0.91	0.55	0.86	0.76	0.66	0.86	0.11	0.78	0.92	0.3	0.81	0.91	-0.28	-0.39	0.9	0.62	0.84	0.87	0.79		0.43	0.43	-0.78	-0.86	-0.78
Cash	0.76	0.58	0.21	0.65	0.82	0.8	0.16	0.47	0.75	0.59	0.46	0.63	0.58	0.13	-0.47	0.59	0.96	0.26	0.63	0.73	0.43		1.0	-0.14	-0.11	-0.27
Cash And Short Term Investments	0.76	0.58	0.21	0.65	0.82	0.8	0.16	0.47	0.75	0.59	0.46	0.63	0.58	0.13	-0.47	0.59	0.96	0.26	0.63	0.73	0.43	1.0		-0.14	-0.11	-0.27
Current Deferred Revenue	-0.47	-0.67	-0.45	-0.58	-0.39	-0.46	-0.74	0.2	-0.46	-0.63	-0.05	-0.52	-0.65	0.32	0.19	-0.65	-0.29	-0.83	-0.51	-0.56	-0.78	-0.14	-0.14		0.68	0.5
Net Tangible Assets	-0.66	-0.86	-0.36	-0.8	-0.53	-0.54	-0.98	0.09	-0.68	-0.84	-0.04	-0.74	-0.86	0.21	0.2	-0.85	-0.34	-0.86	-0.79	-0.57	-0.86	-0.11	-0.11	0.68		0.75
Other Assets	-0.54	-0.69	-0.13	-0.74	-0.53	-0.4	-0.68	-0.21	-0.55	-0.75	-0.05	-0.53	-0.7	0.25	0.36	-0.71	-0.39	-0.79	-0.64	-0.55	-0.78	-0.27	-0.27	0.5	0.75

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Quorum Information Account Relationship Matchups

Quorum Information fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	49.9M	49.6M	45.2M	47.1M	45.8M	24.1M
Short Long Term Debt Total	12.5M	13.2M	12.2M	15.1M	12.9M	13.6M
Other Current Liab	239.3K	372.0K	2.7M	2.5M	111.9K	106.3K
Total Current Liabilities	3.7M	4.2M	3.4M	3.3M	3.9M	4.1M
Total Stockholder Equity	31.1M	30.1M	27.8M	26.6M	27.1M	17.9M
Property Plant And Equipment Net	4.2M	4.2M	3.7M	2.8M	2.3M	1.9M
Net Debt	4.0M	3.9M	5.8M	10.3M	9.3M	9.8M
Retained Earnings	(1.8M)	(3.7M)	(6.3M)	(7.6M)	(7.3M)	(7.7M)
Accounts Payable	2.8M	3.1M	2.7M	2.5M	2.5M	1.6M
Non Current Assets Total	36.6M	36.3M	34.2M	37.6M	37.8M	39.7M
Non Currrent Assets Other	3.6M	3.7M	4.0M	3.6M	2.6M	2.6M
Net Receivables	4.1M	3.6M	3.8M	3.8M	3.7M	2.1M
Liabilities And Stockholders Equity	49.9M	49.6M	45.2M	47.1M	45.8M	24.1M
Non Current Liabilities Total	15.1M	15.3M	14.0M	17.2M	14.9M	15.6M
Inventory	18.9K	26.9K	14.1K	12.9K	1.0	0.95
Other Stockholder Equity	2.4M	2.5M	2.5M	2.6M	2.6M	2.5M
Total Liab	18.8M	19.5M	17.4M	20.6M	18.8M	19.7M
Total Current Assets	13.3M	13.3M	11.0M	9.6M	8.0M	5.3M
Short Term Debt	274.4K	638.0K	715.2K	885.7K	1.3M	1.3M
Intangible Assets	19.7M	19.3M	17.9M	20.2M	19.6M	11.8M
Common Stock Shares Outstanding	62.5M	72.4M	72.8M	73.1M	73.7M	49.8M
Other Current Assets	572.0K	378.6K	721.6K	885.7K	741.5K	778.6K
Cash	8.6M	9.3M	6.5M	4.9M	3.6M	3.1M
Cash And Short Term Investments	8.6M	9.3M	6.5M	4.9M	3.6M	3.1M
Current Deferred Revenue	428.9K	372.0K	(2.7M)	(2.5M)	(2.2M)	(2.1M)
Net Tangible Assets	4.9M	4.2M	4.0M	(2.1M)	(1.9M)	(1.8M)
Other Assets	6.3M	6.3M	6.8M	6.1M	5.4M	5.2M
Long Term Debt	8.8M	9.4M	8.6M	11.8M	9.7M	5.8M
Short Long Term Debt	207.2K	152.3K	303.7K	463.6K	839.5K	881.5K
Common Stock	30.6M	31.2M	31.5M	31.6M	31.8M	27.5M
Property Plant Equipment	4.1M	4.1M	3.6M	2.8M	3.3M	1.8M
Other Liab	2.8M	2.7M	2.5M	3.0M	3.4M	2.5M
Good Will	6.4M	6.4M	5.8M	8.4M	9.7M	6.5M
Net Invested Capital	40.1M	39.6M	36.7M	38.8M	37.6M	38.3M
Net Working Capital	9.5M	9.1M	7.6M	6.2M	4.2M	7.0M
Capital Lease Obligations	3.5M	3.7M	3.3M	2.9M	2.4M	2.9M
Deferred Long Term Liab	78.5K	23.6K	21.2K	24.8K	22.4K	28.8K
Capital Stock	30.6M	31.2M	31.5M	31.6M	31.8M	32.6M

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