SurModics Common Stock vs Long Term Investments Analysis

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 Common Stock and its Long Term Investments 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.

Common Stock vs Long Term Investments

Common Stock vs Long Term Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of SurModics Common Stock account and Long Term Investments. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between SurModics' Common Stock and Long Term Investments is -0.32. Overlapping area represents the amount of variation of Common Stock that can explain the historical movement of Long Term Investments in the same time period over historical financial statements of SurModics, assuming nothing else is changed. The correlation between historical values of SurModics' Common Stock and Long Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Common Stock of SurModics are associated (or correlated) with its Long Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Long Term Investments has no effect on the direction of Common Stock i.e., SurModics' Common Stock and Long Term Investments go up and down completely randomly.

Correlation Coefficient

-0.32

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Common Stock

Long Term Investments

Long Term Investments is an item on the asset side of SurModics balance sheet that represents investments SurModics intends to hold for over a year. SurModics long term investments may include different instruments such as stocks, bonds, real estate and cash.

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).

	2021	2022	2023	2024 (projected)
Gross Profit	29M	61.0M	93.1M	49.1M
Total Revenue	100.0M	132.6M	126.1M	75.8M

Gross Profit Total Revenue

SurModics fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Common Stock Total Equity	Short Term Investments	Common Stock	Other Liab	Other Assets
Total Assets		0.69	0.81	0.93	0.95	0.05	0.74	0.79	0.39	0.92	-0.58	0.55	0.83	-0.14	0.76	0.62	-0.12	0.23	0.85	0.72	0.87	0.63	0.24	0.7	0.9	0.63
Other Current Liab	0.69		0.82	0.51	0.75	0.24	0.27	0.65	0.15	0.62	-0.27	0.34	0.6	-0.1	0.68	0.6	-0.02	0.42	0.83	0.64	0.61	0.28	0.19	0.34	0.62	0.42
Total Current Liabilities	0.81	0.82		0.6	0.84	0.22	0.44	0.77	0.1	0.8	-0.22	0.29	0.77	-0.21	0.6	0.48	-0.14	0.13	0.83	0.65	0.65	0.38	0.25	0.41	0.87	0.39
Total Stockholder Equity	0.93	0.51	0.6		0.88	-0.17	0.89	0.61	0.47	0.83	-0.75	0.65	0.66	-0.05	0.6	0.48	-0.08	0.12	0.66	0.57	0.84	0.77	0.26	0.8	0.73	0.8
Property Plant And Equipment Net	0.95	0.75	0.84	0.88		0.09	0.69	0.78	0.25	0.87	-0.55	0.57	0.75	-0.23	0.74	0.57	-0.16	0.26	0.86	0.67	0.84	0.53	0.38	0.57	0.9	0.62
Net Debt	0.05	0.24	0.22	-0.17	0.09		-0.48	0.39	-0.7	0.33	0.36	-0.64	0.27	0.19	0.44	0.51	0.13	0.6	0.4	0.49	-0.31	-0.31	-0.15	-0.22	0.22	-0.53
Retained Earnings	0.74	0.27	0.44	0.89	0.69	-0.48		0.4	0.49	0.6	-0.8	0.74	0.38	-0.09	0.21	0.09	-0.13	-0.3	0.33	0.18	0.74	0.86	0.41	0.81	0.54	0.83
Accounts Payable	0.79	0.65	0.77	0.61	0.78	0.39	0.4		0.09	0.77	-0.43	0.24	0.75	-0.04	0.72	0.69	0.03	0.32	0.81	0.71	0.63	0.46	0.18	0.55	0.78	0.12
Cash	0.39	0.15	0.1	0.47	0.25	-0.7	0.49	0.09		0.1	-0.49	0.64	0.33	-0.23	0.2	0.2	-0.21	-0.04	0.16	0.18	0.66	0.41	-0.22	0.46	0.14	0.53
Non Current Assets Total	0.92	0.62	0.8	0.83	0.87	0.33	0.6	0.77	0.1		-0.44	0.23	0.82	-0.01	0.75	0.66	-0.08	0.31	0.85	0.8	0.62	0.56	0.11	0.62	0.87	0.49
Non Currrent Assets Other	-0.58	-0.27	-0.22	-0.75	-0.55	0.36	-0.8	-0.43	-0.49	-0.44		-0.71	-0.19	0.02	-0.31	-0.24	0.04	-0.03	-0.31	-0.21	-0.63	-0.76	-0.3	-0.78	-0.36	-0.62
Cash And Short Term Investments	0.55	0.34	0.29	0.65	0.57	-0.64	0.74	0.24	0.64	0.23	-0.71		0.12	-0.32	0.23	-0.02	-0.14	-0.22	0.27	-0.03	0.83	0.51	0.59	0.5	0.4	0.69
Net Receivables	0.83	0.6	0.77	0.66	0.75	0.27	0.38	0.75	0.33	0.82	-0.19	0.12		-0.09	0.73	0.75	-0.14	0.38	0.81	0.86	0.65	0.37	-0.21	0.48	0.77	0.31
Common Stock Shares Outstanding	-0.14	-0.1	-0.21	-0.05	-0.23	0.19	-0.09	-0.04	-0.23	-0.01	0.02	-0.32	-0.09		-0.23	-0.04	0.9	0.0	-0.25	-0.1	-0.28	0.35	-0.15	0.35	-0.33	0.01
Non Current Liabilities Total	0.76	0.68	0.6	0.6	0.74	0.44	0.21	0.72	0.2	0.75	-0.31	0.23	0.73	-0.23		0.89	-0.17	0.71	0.94	0.89	0.6	0.16	-0.03	0.28	0.73	0.19
Inventory	0.62	0.6	0.48	0.48	0.57	0.51	0.09	0.69	0.2	0.66	-0.24	-0.02	0.75	-0.04	0.89		-0.07	0.8	0.82	0.94	0.43	0.2	-0.37	0.32	0.5	0.08
Other Current Assets	-0.12	-0.02	-0.14	-0.08	-0.16	0.13	-0.13	0.03	-0.21	-0.08	0.04	-0.14	-0.14	0.9	-0.17	-0.07		-0.04	-0.17	-0.15	-0.16	0.26	0.05	0.24	-0.25	-0.03
Other Stockholder Equity	0.23	0.42	0.13	0.12	0.26	0.6	-0.3	0.32	-0.04	0.31	-0.03	-0.22	0.38	0.0	0.71	0.8	-0.04		0.56	0.71	0.07	-0.24	-0.39	-0.07	0.21	-0.11
Total Liab	0.85	0.83	0.83	0.66	0.86	0.4	0.33	0.81	0.16	0.85	-0.31	0.27	0.81	-0.25	0.94	0.82	-0.17	0.56		0.89	0.67	0.26	0.08	0.35	0.85	0.31
Property Plant And Equipment Gross	0.72	0.64	0.65	0.57	0.67	0.49	0.18	0.71	0.18	0.8	-0.21	-0.03	0.86	-0.1	0.89	0.94	-0.15	0.71	0.89		0.45	0.22	-0.34	0.33	0.66	0.2
Total Current Assets	0.87	0.61	0.65	0.84	0.84	-0.31	0.74	0.63	0.66	0.62	-0.63	0.83	0.65	-0.28	0.6	0.43	-0.16	0.07	0.67	0.45		0.58	0.34	0.64	0.73	0.66
Common Stock Total Equity	0.63	0.28	0.38	0.77	0.53	-0.31	0.86	0.46	0.41	0.56	-0.76	0.51	0.37	0.35	0.16	0.2	0.26	-0.24	0.26	0.22	0.58		0.19	0.96	0.33	0.68
Short Term Investments	0.24	0.19	0.25	0.26	0.38	-0.15	0.41	0.18	-0.22	0.11	-0.3	0.59	-0.21	-0.15	-0.03	-0.37	0.05	-0.39	0.08	-0.34	0.34	0.19		0.13	0.35	0.27
Common Stock	0.7	0.34	0.41	0.8	0.57	-0.22	0.81	0.55	0.46	0.62	-0.78	0.5	0.48	0.35	0.28	0.32	0.24	-0.07	0.35	0.33	0.64	0.96	0.13		0.41	0.64
Other Liab	0.9	0.62	0.87	0.73	0.9	0.22	0.54	0.78	0.14	0.87	-0.36	0.4	0.77	-0.33	0.73	0.5	-0.25	0.21	0.85	0.66	0.73	0.33	0.35	0.41		0.38
Other Assets	0.63	0.42	0.39	0.8	0.62	-0.53	0.83	0.12	0.53	0.49	-0.62	0.69	0.31	0.01	0.19	0.08	-0.03	-0.11	0.31	0.2	0.66	0.68	0.27	0.64	0.38

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SurModics Account Relationship Matchups

SurModics fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	168.8M	194.6M	158.4M	185.7M	178.6M	142.8M
Other Current Liab	11.7M	12.9M	13.8M	15.7M	16.6M	17.5M
Total Current Liabilities	18.9M	29.8M	32.1M	24.0M	20.5M	13.4M
Total Stockholder Equity	131.1M	140.1M	108.4M	119.9M	118.9M	116.6M
Property Plant And Equipment Net	30.1M	30.1M	27.1M	26.0M	28.0M	26.7M
Net Debt	(30.3M)	(21.2M)	(5.2M)	(12.0M)	(2.9M)	(3.0M)
Retained Earnings	111.8M	116.1M	88.8M	87.3M	75.7M	72.0M
Accounts Payable	1.5M	1.8M	3.1M	3.0M	2.8M	1.9M
Cash	30.8M	31.2M	19.0M	41.4M	36.1M	20.2M
Non Current Assets Total	82.2M	124.3M	100.8M	99.0M	97.3M	88.7M
Non Currrent Assets Other	4.3M	3.7M	4.8M	3.9M	1.1M	1.0M
Cash And Short Term Investments	61.1M	38.9M	19.0M	45.4M	40.1M	35.4M
Net Receivables	13.8M	22.9M	24.2M	23.9M	23.2M	11.8M
Common Stock Shares Outstanding	13.8M	14.0M	13.9M	14.0M	14.2M	13.6M
Liabilities And Stockholders Equity	168.8M	194.6M	158.4M	185.7M	178.6M	142.8M
Non Current Liabilities Total	18.8M	24.7M	17.9M	41.9M	39.1M	41.1M
Inventory	6.0M	6.8M	11.8M	14.8M	15.2M	15.9M
Other Current Assets	5.8M	1.7M	2.6M	7.9M	2.9M	2.7M
Other Stockholder Equity	15.4M	21.6M	28.8M	36.7M	118.2M	124.1M
Total Liab	37.7M	54.5M	50.0M	65.8M	59.7M	62.6M
Property Plant And Equipment Gross	32.6M	80.2M	82.1M	85.5M	89.8M	94.3M
Total Current Assets	86.6M	70.3M	57.6M	86.7M	81.3M	54.1M
Accumulated Other Comprehensive Income	3.2M	1.7M	(9.9M)	(4.8M)	(4.3M)	(4.1M)
Common Stock Total Equity	670K	675K	684K	701K	630.9K	615.8K
Short Term Investments	24.9M	30.3M	7.7M	3.9M	4.0M	3.8M
Other Liab	17.1M	15.5M	24.7M	17.9M	20.6M	10.9M
Other Assets	7.8M	9.1M	9.6M	4.8M	5.5M	6.7M
Property Plant Equipment	29.7M	30.1M	30.1M	27.1M	31.2M	28.0M
Current Deferred Revenue	5.2M	4.6M	4.2M	4.4M	1.6M	2.4M
Intangible Assets	13.3M	37.1M	28.1M	26.2M	23.6M	17.5M
Short Term Debt	436K	10.5M	11.0M	872K	1.0M	988K
Good Will	27.2M	45.6M	40.7M	42.9M	44.6M	25.1M
Retained Earnings Total Equity	110.7M	111.8M	116.1M	88.8M	102.1M	87.6M
Capital Surpluse	10.7M	15.4M	21.6M	28.8M	25.9M	14.1M
Deferred Long Term Liab	11.6M	10.8M	13.0M	7.1M	8.2M	5.4M
Non Current Liabilities Other	8.0M	14.4M	12.8M	10.1M	3.5M	3.3M

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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.

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SurModics Common Stock vs Long Term Investments Analysis

Common Stock vs Long Term Investments

Common Stock vs Long Term Investments Correlation Analysis

Correlation Coefficient

Common Stock

Long Term Investments

SurModics fundamental ratios Correlations

SurModics Account Relationship Matchups

High Positive Relationship

High Negative Relationship

SurModics fundamental ratios Accounts

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Additional Tools for SurModics Stock Analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Common Stock	+ 0.96	Common Stock Total Equity
Property Plant And Equipment Net	+ 0.95	Total Assets
Total Liab	+ 0.94	Non Current Liabilities Total
Property Plant And Equipment Gross	+ 0.94	Inventory
Total Stockholder Equity	+ 0.93	Total Assets
Non Current Assets Total	+ 0.92	Total Assets

Non Currrent Assets Other	- 0.8	Retained Earnings
Common Stock	- 0.78	Non Currrent Assets Other
Common Stock Total Equity	- 0.76	Non Currrent Assets Other
Non Currrent Assets Other	- 0.75	Total Stockholder Equity
Cash And Short Term Investments	- 0.71	Non Currrent Assets Other
Cash	- 0.7	Net Debt