Biodesix Net Debt vs Common Stock Total Equity Analysis

BDSX Stock

USD 1.46 0.01 0.68%

Biodesix financial indicator trend analysis is way more than just evaluating Biodesix prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Biodesix is a good investment. Please check the relationship between Biodesix Net Debt and its Common Stock Total Equity accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Biodesix. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

For more information on how to buy Biodesix Stock please use our How to Invest in Biodesix guide.

Net Debt vs Common Stock Total Equity

Net Debt vs Common Stock Total Equity Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Biodesix Net Debt account and Common Stock Total Equity. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Biodesix's Net Debt and Common Stock Total Equity is -0.35. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Common Stock Total Equity in the same time period over historical financial statements of Biodesix, assuming nothing else is changed. The correlation between historical values of Biodesix's Net Debt and Common Stock Total Equity 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 Debt of Biodesix are associated (or correlated) with its Common Stock Total Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock Total Equity has no effect on the direction of Net Debt i.e., Biodesix's Net Debt and Common Stock Total Equity go up and down completely randomly.

Correlation Coefficient

-0.35

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.

Common Stock Total Equity

The total value of common stock equity held by shareholders, representing their ownership interest in the company.

Most indicators from Biodesix's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Biodesix 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Biodesix. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

For more information on how to buy Biodesix Stock please use our How to Invest in Biodesix guide.Selling General Administrative is likely to drop to about 49.7 M in 2024. Issuance Of Capital Stock is likely to drop to about 41 M in 2024

	2023	2024 (projected)
Depreciation And Amortization	5.5M	3.2M
Interest Income	16.2K	25.9K

Depreciation And Amortization Interest Income

Biodesix fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Long Term Debt	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Total Equity	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity
Total Assets		0.46	0.72	0.9	0.96	-0.33	0.96	0.6	0.61	-0.49	-0.77	0.82	0.96	0.72	0.85	0.85	-0.05	0.96	0.88	0.93	0.94	0.57	-0.94	0.86	0.98	0.98
Short Long Term Debt Total	0.46		0.51	0.51	0.32	-0.26	0.36	0.74	-0.15	0.44	-0.63	0.27	0.22	0.85	0.66	0.66	0.81	0.22	0.44	0.57	0.43	0.62	-0.3	0.05	0.33	0.45
Other Current Liab	0.72	0.51		0.84	0.81	-0.79	0.83	0.73	0.16	-0.14	-0.87	0.27	0.59	0.82	0.78	0.78	0.1	0.59	0.42	0.92	0.87	0.65	-0.85	0.64	0.74	0.83
Total Current Liabilities	0.9	0.51	0.84		0.88	-0.37	0.88	0.63	0.57	-0.33	-0.81	0.69	0.82	0.71	0.78	0.78	-0.06	0.82	0.81	0.94	0.9	0.48	-0.88	0.83	0.9	0.9
Total Stockholder Equity	0.96	0.32	0.81	0.88		-0.54	1.0	0.62	0.51	-0.51	-0.83	0.66	0.93	0.69	0.86	0.86	-0.15	0.93	0.74	0.95	0.98	0.62	-0.99	0.88	0.97	0.98
Other Liab	-0.33	-0.26	-0.79	-0.37	-0.54		-0.55	-0.64	0.35	-0.08	0.72	0.25	-0.21	-0.63	-0.6	-0.6	-0.2	-0.21	0.12	-0.59	-0.59	-0.69	0.57	-0.23	-0.34	-0.5
Net Tangible Assets	0.96	0.36	0.83	0.88	1.0	-0.55		0.66	0.48	-0.47	-0.85	0.65	0.92	0.72	0.88	0.88	-0.11	0.92	0.73	0.96	0.99	0.65	-0.99	0.87	0.96	0.98
Property Plant And Equipment Net	0.6	0.74	0.73	0.63	0.62	-0.64	0.66		-0.18	0.35	-0.92	0.27	0.4	0.87	0.89	0.89	0.5	0.4	0.42	0.76	0.75	0.95	-0.58	0.35	0.55	0.64
Current Deferred Revenue	0.61	-0.15	0.16	0.57	0.51	0.35	0.48	-0.18		-0.82	-0.05	0.82	0.73	-0.02	0.12	0.12	-0.63	0.73	0.76	0.39	0.41	-0.26	-0.52	0.79	0.67	0.52
Net Debt	-0.49	0.44	-0.14	-0.33	-0.51	-0.08	-0.47	0.35	-0.82		-0.03	-0.52	-0.68	0.13	-0.05	-0.05	0.73	-0.68	-0.44	-0.29	-0.35	0.28	0.54	-0.68	-0.56	-0.48
Retained Earnings	-0.77	-0.63	-0.87	-0.81	-0.83	0.72	-0.85	-0.92	-0.05	-0.03		-0.36	-0.64	-0.86	-0.97	-0.97	-0.29	-0.64	-0.52	-0.91	-0.91	-0.85	0.81	-0.55	-0.73	-0.83
Accounts Payable	0.82	0.27	0.27	0.69	0.66	0.25	0.65	0.27	0.82	-0.52	-0.36		0.84	0.35	0.49	0.49	-0.22	0.84	0.97	0.6	0.62	0.22	-0.62	0.79	0.82	0.68
Cash	0.96	0.22	0.59	0.82	0.93	-0.21	0.92	0.4	0.73	-0.68	-0.64	0.84		0.5	0.73	0.73	-0.27	1.0	0.86	0.83	0.88	0.39	-0.91	0.9	0.96	0.92
Non Current Assets Total	0.72	0.85	0.82	0.71	0.69	-0.63	0.72	0.87	-0.02	0.13	-0.86	0.35	0.5		0.87	0.87	0.56	0.5	0.51	0.86	0.77	0.84	-0.68	0.41	0.65	0.77
Non Currrent Assets Other	0.85	0.66	0.78	0.78	0.86	-0.6	0.88	0.89	0.12	-0.05	-0.97	0.49	0.73	0.87		1.0	0.33	0.73	0.63	0.91	0.92	0.86	-0.82	0.56	0.78	0.87
Other Assets	0.85	0.66	0.78	0.78	0.86	-0.6	0.88	0.89	0.12	-0.05	-0.97	0.49	0.73	0.87	1.0		0.33	0.73	0.63	0.91	0.92	0.86	-0.82	0.56	0.78	0.87
Long Term Debt	-0.05	0.81	0.1	-0.06	-0.15	-0.2	-0.11	0.5	-0.63	0.73	-0.29	-0.22	-0.27	0.56	0.33	0.33		-0.27	-0.09	0.08	-0.03	0.49	0.18	-0.5	-0.21	-0.03
Cash And Short Term Investments	0.96	0.22	0.59	0.82	0.93	-0.21	0.92	0.4	0.73	-0.68	-0.64	0.84	1.0	0.5	0.73	0.73	-0.27		0.86	0.83	0.88	0.39	-0.91	0.9	0.96	0.92
Net Receivables	0.88	0.44	0.42	0.81	0.74	0.12	0.73	0.42	0.76	-0.44	-0.52	0.97	0.86	0.51	0.63	0.63	-0.09	0.86		0.72	0.72	0.32	-0.7	0.79	0.86	0.77
Good Will	0.93	0.57	0.92	0.94	0.95	-0.59	0.96	0.76	0.39	-0.29	-0.91	0.6	0.83	0.86	0.91	0.91	0.08	0.83	0.72		0.98	0.69	-0.95	0.79	0.92	0.97
Common Stock Total Equity	0.94	0.43	0.87	0.9	0.98	-0.59	0.99	0.75	0.41	-0.35	-0.91	0.62	0.88	0.77	0.92	0.92	-0.03	0.88	0.72	0.98		0.71	-0.97	0.83	0.94	0.97
Common Stock Shares Outstanding	0.57	0.62	0.65	0.48	0.62	-0.69	0.65	0.95	-0.26	0.28	-0.85	0.22	0.39	0.84	0.86	0.86	0.49	0.39	0.32	0.69	0.71		-0.57	0.31	0.52	0.61
Non Current Liabilities Total	-0.94	-0.3	-0.85	-0.88	-0.99	0.57	-0.99	-0.58	-0.52	0.54	0.81	-0.62	-0.91	-0.68	-0.82	-0.82	0.18	-0.91	-0.7	-0.95	-0.97	-0.57		-0.89	-0.95	-0.98
Inventory	0.86	0.05	0.64	0.83	0.88	-0.23	0.87	0.35	0.79	-0.68	-0.55	0.79	0.9	0.41	0.56	0.56	-0.5	0.9	0.79	0.79	0.83	0.31	-0.89		0.95	0.84
Other Current Assets	0.98	0.33	0.74	0.9	0.97	-0.34	0.96	0.55	0.67	-0.56	-0.73	0.82	0.96	0.65	0.78	0.78	-0.21	0.96	0.86	0.92	0.94	0.52	-0.95	0.95		0.96
Other Stockholder Equity	0.98	0.45	0.83	0.9	0.98	-0.5	0.98	0.64	0.52	-0.48	-0.83	0.68	0.92	0.77	0.87	0.87	-0.03	0.92	0.77	0.97	0.97	0.61	-0.98	0.84	0.96

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Biodesix Account Relationship Matchups

Biodesix fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	41.6M	121.1M	76.1M	92.9M	99.1M	86.1M
Short Long Term Debt Total	36.0M	27.8M	10.0M	31.9M	60.7M	34.7M
Other Current Liab	7.4M	7.8M	25.4M	17.1M	29.6M	16.6M
Total Current Liabilities	22.6M	32.1M	29.0M	22.8M	33.4M	26.5M
Total Stockholder Equity	(228.5M)	41.2M	19.7M	20.6M	4.6M	4.8M
Other Liab	29.8M	31.9M	17.4M	19.2M	17.3M	19.8M
Net Tangible Assets	(255.3M)	12.9M	(6.9M)	(4.2M)	(4.9M)	(5.1M)
Property Plant And Equipment Net	2.1M	3.2M	4.2M	8.8M	29.6M	31.1M
Current Deferred Revenue	1.3M	3.5M	1.9M	962K	324K	307.8K
Net Debt	30.7M	(34.4M)	(22.7M)	(11.2M)	34.4M	36.1M
Retained Earnings	(230.9M)	(258.8M)	(302.0M)	(367.4M)	(419.6M)	(440.5M)
Accounts Payable	1.7M	9.0M	1.7M	1.7M	2.9M	3.3M
Cash	5.3M	62.1M	32.7M	43.1M	26.3M	32.2M
Non Current Assets Total	28.9M	34.9M	32.5M	39.6M	59.4M	41.2M
Non Currrent Assets Other	90K	3.5M	1.7M	5.9M	6.9M	7.2M
Other Assets	90K	3.5M	1.7M	5.9M	6.8M	7.2M
Long Term Debt	23.8M	15.9M	10.0M	25.0M	35.2M	24.4M
Cash And Short Term Investments	5.3M	62.1M	32.7M	43.1M	26.3M	32.2M
Net Receivables	5.3M	15.3M	3.7M	5.1M	7.7M	7.1M
Common Stock Shares Outstanding	254.9K	26.6M	27.4M	42.1M	82.1M	86.2M
Liabilities And Stockholders Equity	41.6M	121.1M	76.1M	92.9M	99.1M	86.1M
Non Current Liabilities Total	247.6M	47.8M	27.4M	49.5M	61.1M	88.8M
Inventory	800K	3.2M	2.9M	1.4M	1.6M	1.9M
Other Current Assets	2.1M	5.5M	4.3M	3.8M	4.3M	4.1M
Other Stockholder Equity	2.3M	421.0M	321.7M	387.9M	424.1M	286.9M
Total Liab	270.2M	79.9M	56.4M	72.3M	94.5M	108.0M
Net Invested Capital	(192.6M)	68.9M	29.7M	45.7M	39.9M	41.8M
Property Plant And Equipment Gross	2.1M	3.2M	4.2M	8.8M	35.2M	37.0M
Total Current Assets	12.7M	86.1M	43.6M	53.3M	39.7M	45.0M
Non Current Liabilities Other	29.5M	31.9M	17.4M	19.2M	712K	676.4K
Net Working Capital	(9.9M)	54.0M	14.7M	30.5M	6.3M	6.0M
Intangible Assets	15.1M	13.3M	11.6M	9.8M	7.9M	9.9M
Property Plant Equipment	2.1M	3.2M	4.2M	8.8M	10.1M	10.7M

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Biodesix Net Debt vs Common Stock Total Equity Analysis

Net Debt vs Common Stock Total Equity

Net Debt vs Common Stock Total Equity Correlation Analysis

Correlation Coefficient

Net Debt

Common Stock Total Equity

Biodesix fundamental ratios Correlations

Biodesix Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Biodesix fundamental ratios Accounts

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Additional Tools for Biodesix Stock Analysis

COMMON DESTINATIONS

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COMPANY

Net Tangible Assets	+ 1.0	Total Stockholder Equity
Cash And Short Term Investments	+ 1.0	Cash
Other Assets	+ 1.0	Non Currrent Assets Other
Common Stock Total Equity	+ 0.99	Net Tangible Assets
Other Current Assets	+ 0.98	Total Assets
Other Stockholder Equity	+ 0.98	Total Assets

Non Current Liabilities Total	- 0.99	Net Tangible Assets
Non Current Liabilities Total	- 0.99	Total Stockholder Equity
Other Stockholder Equity	- 0.98	Non Current Liabilities Total
Non Current Liabilities Total	- 0.97	Common Stock Total Equity
Other Assets	- 0.97	Retained Earnings
Non Currrent Assets Other	- 0.97	Retained Earnings