Align Net Debt vs Cash Analysis
ALGN Stock | USD 256.01 7.10 2.85% |
Align Technology financial indicator trend analysis is way more than just evaluating Align Technology prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Align Technology is a good investment. Please check the relationship between Align Technology Net Debt and its Cash accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Align Technology. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price. To learn how to invest in Align Stock, please use our How to Invest in Align Technology guide.
Net Debt vs Cash
Net Debt vs Cash Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Align Technology Net Debt account and Cash. At this time, the significance of the direction appears to have pay attention.
The correlation between Align Technology's Net Debt and Cash is -0.99. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Cash in the same time period over historical financial statements of Align Technology, assuming nothing else is changed. The correlation between historical values of Align Technology's Net Debt and Cash 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 Align Technology are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Net Debt i.e., Align Technology's Net Debt and Cash go up and down completely randomly.
Correlation Coefficient | -0.99 |
Relationship Direction | Negative |
Relationship Strength | Significant |
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.Cash
Cash refers to the most liquid asset of Align Technology, which is listed under current asset account on Align Technology balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Align Technology customers. The amounts must be unrestricted with restricted cash listed in a different Align Technology account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.Most indicators from Align Technology's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Align Technology 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 Align Technology. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price. To learn how to invest in Align Stock, please use our How to Invest in Align Technology guide.At this time, Align Technology's Selling General Administrative is very stable compared to the past year. As of the 6th of June 2024, Tax Provision is likely to grow to about 231.9 M, while Issuance Of Capital Stock is likely to drop about 24.4 M.
2021 | 2022 | 2023 | 2024 (projected) | Total Operating Expenses | 2.0B | 2.0B | 2.1B | 2.2B | Cost Of Revenue | 1.0B | 1.1B | 1.2B | 1.2B |
Align Technology fundamental ratios Correlations
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Align Technology Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Align Technology fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 2.5B | 4.8B | 5.9B | 5.9B | 6.1B | 6.4B | |
Other Current Liab | 304.2M | 383.8M | 584.6M | 427.8M | 496.1M | 520.9M | |
Total Current Liabilities | 971.0M | 1.3B | 1.9B | 1.9B | 2.1B | 2.2B | |
Total Stockholder Equity | 1.3B | 3.2B | 3.6B | 3.6B | 3.6B | 3.8B | |
Property Plant And Equipment Net | 688.0M | 817.3M | 1.2B | 1.4B | 1.4B | 1.5B | |
Current Deferred Revenue | 563.8M | 777.9M | 1.2B | 1.3B | 1.4B | 1.5B | |
Net Debt | (507.0M) | (896.4M) | (996.7M) | (815.1M) | (840.5M) | (798.4M) | |
Retained Earnings | 439.9M | 2.2B | 2.6B | 2.6B | 2.4B | 2.6B | |
Accounts Payable | 87.3M | 142.1M | 163.9M | 127.9M | 113.1M | 118.8M | |
Cash | 550.4M | 960.8M | 1.1B | 942.1M | 937.4M | 984.3M | |
Non Current Assets Total | 867.3M | 3.0B | 3.4B | 3.5B | 3.6B | 3.8B | |
Cash And Short Term Investments | 868.6M | 960.8M | 1.2B | 999.6M | 972.7M | 1.0B | |
Net Receivables | 550.3M | 657.7M | 897.2M | 859.7M | 903.4M | 948.6M | |
Common Stock Shares Outstanding | 80.1M | 79.2M | 79.7M | 78.4M | 76.6M | 74.1M | |
Short Term Investments | 318.2M | 0.0 | 72.0M | 57.5M | 35.3M | 33.5M | |
Liabilities And Stockholders Equity | 2.5B | 4.8B | 5.9B | 5.9B | 6.1B | 6.4B | |
Non Current Liabilities Total | 183.6M | 270.2M | 395.3M | 420.7M | 386.8M | 406.1M | |
Inventory | 112.1M | 139.2M | 230.2M | 338.8M | 296.9M | 311.7M | |
Other Current Assets | 102.5M | 21.0M | 125.1M | 226.4M | 273.6M | 287.2M | |
Other Stockholder Equity | 906.9M | 974.6M | 999.0M | 1.0B | 1.2B | 674.1M | |
Total Liab | 1.2B | 1.6B | 2.3B | 2.3B | 2.5B | 2.6B | |
Property Plant And Equipment Gross | 631.7M | 817.3M | 1.2B | 1.4B | 2.0B | 2.1B | |
Total Current Assets | 1.6B | 1.8B | 2.5B | 2.4B | 2.4B | 2.6B | |
Accumulated Other Comprehensive Income | (688K) | 43.5M | 4.3M | (10.3M) | 21.2M | 22.2M | |
Short Term Debt | 15.7M | 21.7M | 22.7M | 26.6M | 29.7M | 17.5M | |
Non Currrent Assets Other | 33.7M | 35.2M | 57.5M | 55.8M | 128.7M | 135.1M | |
Other Assets | 97.7M | 1.7B | 1.6B | 1.6B | 1.9B | 2.0B | |
Property Plant Equipment | 631.7M | 734.7M | 1.2B | 1.4B | 1.6B | 1.6B | |
Other Liab | 140.1M | 205.8M | 292.7M | 320.4M | 368.4M | 386.8M | |
Good Will | 63.9M | 444.8M | 418.5M | 407.6M | 419.5M | 440.5M | |
Intangible Assets | 11.8M | 130.1M | 109.7M | 95.7M | 82.1M | 86.2M | |
Net Tangible Assets | 1.3B | 2.7B | 3.1B | 3.1B | 3.6B | 3.7B | |
Retained Earnings Total Equity | 378.1M | 439.9M | 2.2B | 2.6B | 3.0B | 3.2B | |
Capital Surpluse | 877.5M | 906.9M | 974.6M | 999.0M | 1.1B | 898.1M | |
Deferred Long Term Liab | 15.1M | 22.8M | 31.1M | 27.4M | 31.5M | 33.1M | |
Non Current Liabilities Other | 183.6M | 270.2M | 174.6M | 196.0M | 173.1M | 102.5M |
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When determining whether Align Technology offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Align Technology's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Align Technology Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Align Technology Stock:Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Align Technology. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price. To learn how to invest in Align Stock, please use our How to Invest in Align Technology guide.You can also try the Sync Your Broker module to sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors..
Is Health Care Equipment & Supplies space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Align Technology. If investors know Align will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Align Technology listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.219 | Earnings Share 6.05 | Revenue Per Share 51.541 | Quarterly Revenue Growth 0.058 | Return On Assets 0.0702 |
The market value of Align Technology is measured differently than its book value, which is the value of Align that is recorded on the company's balance sheet. Investors also form their own opinion of Align Technology's value that differs from its market value or its book value, called intrinsic value, which is Align Technology's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Align Technology's market value can be influenced by many factors that don't directly affect Align Technology's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Align Technology's value and its price as these two are different measures arrived at by different means. Investors typically determine if Align Technology is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Align Technology's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.