SurModics Long Term Debt vs Good Will 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 Long Term Debt and its Good Will 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.

Long Term Debt vs Good Will

Long Term Debt vs Good Will Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of SurModics Long Term Debt account and Good Will. At this time, the significance of the direction appears to have strong relationship.

The correlation between SurModics' Long Term Debt and Good Will is 0.75. Overlapping area represents the amount of variation of Long Term Debt that can explain the historical movement of Good Will in the same time period over historical financial statements of SurModics, assuming nothing else is changed. The correlation between historical values of SurModics' Long Term Debt and Good Will 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 SurModics are associated (or correlated) with its Good Will. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Good Will has no effect on the direction of Long Term Debt i.e., SurModics' Long Term Debt and Good Will go up and down completely randomly.

Correlation Coefficient

0.75

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Long Term Debt

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

Good Will

An intangible asset that arises when a company acquires another business for more than the fair market value of its net identifiable assets, representing the value of the brand, customer base, and other intangible factors.

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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SurModics Long Term Debt vs Good Will Analysis

Long Term Debt vs Good Will

Long Term Debt vs Good Will Correlation Analysis

Correlation Coefficient

Long Term Debt

Good Will

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