SRDX Stock | | | USD 40.00 0.06 0.15% |
SurModics financial indicator trend analysis is much more than just breaking down SurModics prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether SurModics is a good investment. Please check the relationship between SurModics Capital Surpluse and its Accounts Payable accounts. Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in SurModics. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in unemployment.
For more information on how to buy SurModics Stock please use our
How to Invest in SurModics guide.
Capital Surpluse vs Accounts Payable
Capital Surpluse vs Accounts Payable Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
SurModics Capital Surpluse account and
Accounts Payable. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between SurModics' Capital Surpluse and Accounts Payable is -0.11. Overlapping area represents the amount of variation of Capital Surpluse that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of SurModics, assuming nothing else is changed. The correlation between historical values of SurModics' Capital Surpluse and Accounts Payable is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Capital Surpluse of SurModics are associated (or correlated) with its Accounts Payable. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Accounts Payable has no effect on the direction of Capital Surpluse i.e., SurModics' Capital Surpluse and Accounts Payable go up and down completely randomly.
Correlation Coefficient | -0.11 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Capital Surpluse
Accounts Payable
An accounting item on the balance sheet that represents SurModics obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of SurModics are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.
Most indicators from SurModics' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into SurModics 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
World Market Map to better understand how to build diversified portfolios, which includes a position in SurModics. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in unemployment.
For more information on how to buy SurModics Stock please use our
How to Invest in SurModics guide.At this time, SurModics'
Selling General Administrative is fairly stable compared to the past year.
Issuance Of Capital Stock is likely to rise to about 1.3
M in 2024, despite the fact that
Discontinued Operations is likely to grow to (150.5
K).
SurModics fundamental ratios Correlations
Click cells to compare fundamentals
SurModics Account Relationship Matchups
High Positive Relationship
High Negative Relationship
SurModics fundamental ratios Accounts
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Additional Tools for SurModics Stock Analysis
When running SurModics' price analysis, check to
measure SurModics' 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 SurModics is operating at the current time. Most of SurModics' value examination focuses on studying past and present price action to
predict the probability of SurModics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move SurModics' price. Additionally, you may evaluate how the addition of SurModics to your portfolios can decrease your overall portfolio volatility.