XORTX Short Term Investments vs Net Receivables Analysis

XRTX Stock  USD 1.09  0.03  2.68%   
XORTX Therapeutics financial indicator trend analysis is more than just analyzing XORTX Therapeutics current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether XORTX Therapeutics is a good investment. Please check the relationship between XORTX Therapeutics Short Term Investments and its Net Receivables accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in XORTX Therapeutics. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.
For more information on how to buy XORTX Stock please use our How to Invest in XORTX Therapeutics guide.

Short Term Investments vs Net Receivables

Short Term Investments vs Net Receivables Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of XORTX Therapeutics Short Term Investments account and Net Receivables. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between XORTX Therapeutics' Short Term Investments and Net Receivables is 0.48. Overlapping area represents the amount of variation of Short Term Investments that can explain the historical movement of Net Receivables in the same time period over historical financial statements of XORTX Therapeutics, assuming nothing else is changed. The correlation between historical values of XORTX Therapeutics' Short Term Investments and Net Receivables is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Short Term Investments of XORTX Therapeutics are associated (or correlated) with its Net Receivables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Receivables has no effect on the direction of Short Term Investments i.e., XORTX Therapeutics' Short Term Investments and Net Receivables go up and down completely randomly.

Correlation Coefficient

0.48
Relationship DirectionPositive 
Relationship StrengthWeak

Short Term Investments

Short Term Investments is an item under the current assets section of XORTX Therapeutics balance sheet. It contains any investments XORTX Therapeutics undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that XORTX Therapeutics can easily liquidate in the marketplace.

Net Receivables

Most indicators from XORTX Therapeutics' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into XORTX Therapeutics 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 Current Watchlist to better understand how to build diversified portfolios, which includes a position in XORTX Therapeutics. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.
For more information on how to buy XORTX Stock please use our How to Invest in XORTX Therapeutics guide.Selling General Administrative is likely to drop to about 996.5 K in 2024. Issuance Of Capital Stock is expected to grow at the current pace this year
 2021 2022 2023 2024 (projected)
Reconciled Depreciation17.9K55.5K139.7K146.7K
Research Development669.1K6.5M2.4M1.6M

XORTX Therapeutics fundamental ratios Correlations

-0.070.820.98-0.27-0.99-0.50.530.990.90.990.760.620.340.891.0-0.35-0.43-0.740.910.22-0.620.560.97-0.150.97
-0.070.35-0.13-0.750.140.00.35-0.14-0.14-0.14-0.16-0.08-0.20.14-0.060.0-0.050.21-0.17-0.55-0.410.28-0.120.25-0.09
0.820.350.8-0.51-0.81-0.140.440.810.60.810.350.240.220.770.83-0.09-0.17-0.340.62-0.3-0.50.370.810.190.84
0.98-0.130.8-0.23-0.98-0.490.390.980.880.980.710.610.440.80.98-0.38-0.45-0.750.920.19-0.580.560.93-0.170.99
-0.27-0.75-0.51-0.230.20.41-0.33-0.21-0.31-0.21-0.14-0.35-0.35-0.31-0.260.210.280.25-0.310.190.56-0.52-0.150.19-0.29
-0.990.14-0.81-0.980.20.44-0.51-1.0-0.88-1.0-0.73-0.57-0.32-0.88-0.990.310.380.7-0.89-0.230.54-0.48-0.980.12-0.97
-0.50.0-0.14-0.490.410.44-0.36-0.43-0.72-0.43-0.77-0.98-0.61-0.37-0.470.690.760.87-0.76-0.580.77-0.87-0.310.8-0.48
0.530.350.440.39-0.33-0.51-0.360.510.550.510.670.38-0.330.830.52-0.15-0.23-0.30.330.28-0.570.440.580.110.34
0.99-0.140.810.98-0.21-1.0-0.430.510.881.00.730.570.320.890.99-0.3-0.37-0.70.880.23-0.540.480.98-0.110.97
0.9-0.140.60.88-0.31-0.88-0.720.550.880.880.880.790.460.80.88-0.4-0.48-0.870.920.55-0.630.70.83-0.340.85
0.99-0.140.810.98-0.21-1.0-0.430.511.00.880.730.570.320.890.99-0.3-0.37-0.70.880.23-0.540.480.98-0.110.97
0.76-0.160.350.71-0.14-0.73-0.770.670.730.880.730.820.20.740.74-0.59-0.65-0.780.780.62-0.720.770.7-0.350.65
0.62-0.080.240.61-0.35-0.57-0.980.380.570.790.570.820.620.470.6-0.7-0.77-0.910.850.57-0.780.850.45-0.780.6
0.34-0.20.220.44-0.35-0.32-0.61-0.330.320.460.320.20.62-0.040.32-0.38-0.41-0.630.660.19-0.310.460.14-0.750.5
0.890.140.770.8-0.31-0.88-0.370.830.890.80.890.740.47-0.040.89-0.18-0.27-0.540.680.22-0.580.460.930.080.78
1.0-0.060.830.98-0.26-0.99-0.470.520.990.880.990.740.60.320.89-0.35-0.42-0.710.890.18-0.610.540.97-0.130.97
-0.350.0-0.09-0.380.210.310.69-0.15-0.3-0.4-0.3-0.59-0.7-0.38-0.18-0.350.990.49-0.53-0.170.75-0.77-0.20.53-0.36
-0.43-0.05-0.17-0.450.280.380.76-0.23-0.37-0.48-0.37-0.65-0.77-0.41-0.27-0.420.990.58-0.61-0.20.83-0.84-0.270.56-0.43
-0.740.21-0.34-0.750.250.70.87-0.3-0.7-0.87-0.7-0.78-0.91-0.63-0.54-0.710.490.58-0.91-0.620.61-0.71-0.60.65-0.73
0.91-0.170.620.92-0.31-0.89-0.760.330.880.920.880.780.850.660.680.89-0.53-0.61-0.910.38-0.680.70.79-0.530.92
0.22-0.55-0.30.190.19-0.23-0.580.280.230.550.230.620.570.190.220.18-0.17-0.2-0.620.38-0.070.260.2-0.480.11
-0.62-0.41-0.5-0.580.560.540.77-0.57-0.54-0.63-0.54-0.72-0.78-0.31-0.58-0.610.750.830.61-0.68-0.07-0.94-0.470.39-0.58
0.560.280.370.56-0.52-0.48-0.870.440.480.70.480.770.850.460.460.54-0.77-0.84-0.710.70.26-0.940.38-0.480.54
0.97-0.120.810.93-0.15-0.98-0.310.580.980.830.980.70.450.140.930.97-0.2-0.27-0.60.790.2-0.470.380.040.91
-0.150.250.19-0.170.190.120.80.11-0.11-0.34-0.11-0.35-0.78-0.750.08-0.130.530.560.65-0.53-0.480.39-0.480.04-0.21
0.97-0.090.840.99-0.29-0.97-0.480.340.970.850.970.650.60.50.780.97-0.36-0.43-0.730.920.11-0.580.540.91-0.21
Click cells to compare fundamentals

XORTX Therapeutics Account Relationship Matchups

XORTX Therapeutics fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets1.1M2.3M17.3M12.3M5.5M5.0M
Other Current Liab641.5K728.4K229.0K151.4K87.6K83.2K
Total Current Liabilities1.3M1.0M4.2M1.5M294.9K280.2K
Total Stockholder Equity(211.7K)1.3M13.1M7.0M4.6M3.1M
Property Plant And Equipment Net731.0341.00.092.5K23.9K28.8K
Net Debt(7.8K)(171.3K)(14.8M)(10.3M)(3.4M)(3.6M)
Retained Earnings(6.8M)(8.0M)(7.6M)(14.1M)(23.7M)(22.5M)
Accounts Payable607.4K305.8K324.0K1.3M195.8K186.0K
Cash58.6K171.3K14.8M10.4M3.4M3.6M
Non Current Assets Total272.7K234.3K1.5M1.5M1.4M731.9K
Cash And Short Term Investments58.6K171.3K14.8M10.4M3.4M3.6M
Net Receivables15.5K14.4K40.7K81.8K60.7K35.1K
Common Stock Shares Outstanding595.5K740.4K1.1M1.5M2.0M2.1M
Liabilities And Stockholders Equity1.1M2.3M17.3M12.3M5.5M5.0M
Other Stockholder Equity683.0K0.05.0M(2.1M)5.8M6.1M
Total Liab1.3M1.0M4.2M5.4M825.9K784.6K
Total Current Assets815.2K2.1M15.8M10.9M4.1M4.2M
Short Long Term Debt Total272.5K43.3K50.8K77.4K11.5K10.9K
Intangible Assets272.4K234.3K201.0K199.4K175.3K189.0K
Net Tangible Assets(484.1K)1.0M16.5M9.2M10.6M11.1M
Net Invested Capital(160.9K)1.3M16.7M7.0M4.6M4.6M
Net Working Capital(484.5K)1.0M14.9M9.4M3.8M4.3M
Other Current Assets741.2K1.9M1.0M379.6K560.4K701.0K

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