Central Short Term Debt vs Long Term Debt Total Analysis

CENT Stock  USD 41.24  0.05  0.12%   
Central Garden financial indicator trend analysis is way more than just evaluating Central Garden Pet prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Central Garden Pet is a good investment. Please check the relationship between Central Garden Short Term Debt and its Long Term Debt Total accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Central Garden Pet. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.

Short Term Debt vs Long Term Debt Total

Short Term Debt vs Long Term Debt Total Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Central Garden Pet Short Term Debt account and Long Term Debt Total. At this time, the significance of the direction appears to have strong relationship.
The correlation between Central Garden's Short Term Debt and Long Term Debt Total is 0.77. Overlapping area represents the amount of variation of Short Term Debt that can explain the historical movement of Long Term Debt Total in the same time period over historical financial statements of Central Garden Pet, assuming nothing else is changed. The correlation between historical values of Central Garden's Short Term Debt and Long Term Debt Total 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 Debt of Central Garden Pet are associated (or correlated) with its Long Term Debt Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Long Term Debt Total has no effect on the direction of Short Term Debt i.e., Central Garden's Short Term Debt and Long Term Debt Total go up and down completely randomly.

Correlation Coefficient

0.77
Relationship DirectionPositive 
Relationship StrengthSignificant

Short Term Debt

Long Term Debt Total

Most indicators from Central Garden's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Central Garden Pet 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 Central Garden Pet. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
At this time, Central Garden's Enterprise Value Over EBITDA is comparatively stable compared to the past year. Enterprise Value Multiple is likely to gain to 7.18 in 2024, whereas Selling General Administrative is likely to drop slightly above 359.1 M in 2024.
 2021 2022 2023 2024 (projected)
Interest Expense58.3M57.0M65.6M36.4M
Depreciation And Amortization78.1M87.7M100.9M105.9M

Central Garden fundamental ratios Correlations

0.990.830.960.990.990.850.980.810.770.980.270.770.740.530.990.970.20.771.00.90.980.70.890.860.32
0.990.810.960.970.990.890.970.810.720.990.30.720.710.481.00.980.150.731.00.930.950.730.890.850.33
0.830.810.850.850.790.540.820.680.850.780.520.850.640.50.80.720.180.680.820.640.870.520.590.610.15
0.960.960.850.940.970.810.950.880.760.950.380.760.770.470.950.910.230.750.970.810.940.770.80.80.14
0.990.970.850.940.960.780.980.780.820.960.230.820.750.570.970.950.230.780.970.860.990.640.880.850.32
0.990.990.790.970.960.90.970.80.690.990.230.690.70.470.990.980.170.730.990.910.940.750.920.860.29
0.850.890.540.810.780.90.810.670.330.920.210.330.530.370.90.930.130.580.880.950.730.670.860.80.47
0.980.970.820.950.980.970.810.760.790.970.230.780.680.420.970.950.180.70.980.880.960.770.920.840.24
0.810.810.680.880.780.80.670.760.660.780.450.660.920.590.790.740.30.860.820.630.80.620.570.820.15
0.770.720.850.760.820.690.330.790.660.660.31.00.680.430.710.620.110.650.730.480.870.50.550.56-0.02
0.980.990.780.950.960.990.920.970.780.660.280.650.680.470.990.990.190.710.990.950.930.740.920.860.37
0.270.30.520.380.230.230.210.230.450.30.280.30.330.150.270.140.220.240.290.230.250.23-0.10.110.13
0.770.720.850.760.820.690.330.780.661.00.650.30.680.440.710.620.10.650.730.480.870.490.550.56-0.02
0.740.710.640.770.750.70.530.680.920.680.680.330.680.80.710.660.40.940.730.510.780.370.50.820.25
0.530.480.50.470.570.470.370.420.590.430.470.150.440.80.50.50.480.890.50.40.58-0.140.330.640.58
0.991.00.80.950.970.990.90.970.790.710.990.270.710.710.50.980.160.741.00.940.950.710.910.860.36
0.970.980.720.910.950.980.930.950.740.620.990.140.620.660.50.980.180.720.980.950.920.680.950.880.42
0.20.150.180.230.230.170.130.180.30.110.190.220.10.40.480.160.180.390.180.130.2-0.090.090.270.25
0.770.730.680.750.780.730.580.70.860.650.710.240.650.940.890.740.720.390.750.60.80.280.570.850.42
1.01.00.820.970.970.990.880.980.820.730.990.290.730.730.51.00.980.180.750.920.960.730.890.860.32
0.90.930.640.810.860.910.950.880.630.480.950.230.480.510.40.940.950.130.60.920.810.640.90.820.57
0.980.950.870.940.990.940.730.960.80.870.930.250.870.780.580.950.920.20.80.960.810.630.830.820.25
0.70.730.520.770.640.750.670.770.620.50.740.230.490.37-0.140.710.68-0.090.280.730.640.630.710.57-0.22
0.890.890.590.80.880.920.860.920.570.550.92-0.10.550.50.330.910.950.090.570.890.90.830.710.830.32
0.860.850.610.80.850.860.80.840.820.560.860.110.560.820.640.860.880.270.850.860.820.820.570.830.46
0.320.330.150.140.320.290.470.240.15-0.020.370.13-0.020.250.580.360.420.250.420.320.570.25-0.220.320.46
Click cells to compare fundamentals

Central Garden Account Relationship Matchups

Central Garden fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets2.3B3.1B3.3B3.4B3.9B4.1B
Short Long Term Debt Total814.1M1.4B1.4B1.4B1.6B1.7B
Other Current Liab201.4M235.0M54.4M216.2M248.7M261.1M
Total Current Liabilities440.3M522.3M465.9M458.0M526.7M553.0M
Total Stockholder Equity1.1B1.2B1.3B1.5B1.7B1.8B
Property Plant And Equipment Net360.5M494.2M583.3M565.3M650.1M682.6M
Net Debt161.4M930.2M1.2B885.7M1.0B1.1B
Retained Earnings510.8M646.1M755.3M859.4M988.3M1.0B
Accounts Payable205.2M245.5M215.7M190.9M219.5M135.0M
Cash652.7M426.4M177.4M488.7M562.0M590.1M
Non Current Assets Total814.1M1.6B1.7B1.7B1.9B2.0B
Non Currrent Assets Other28.7M575.0M(130.8M)62.6M71.9M45.5M
Cash And Short Term Investments652.7M426.4M177.4M488.7M562.0M590.1M
Net Receivables391.8M385.4M376.8M332.9M382.8M211.5M
Common Stock Shares Outstanding54.7M55.2M54.4M53.4M61.4M44.7M
Liabilities And Stockholders Equity2.3B3.1B3.3B3.4B3.9B4.1B
Non Current Liabilities Total821.4M1.4B1.5B1.5B1.7B1.8B
Inventory439.6M685.2M938M838.2M963.9M1.0B
Other Current Assets43.1M41.2M46.6M33.2M38.1M31.4M
Other Stockholder Equity566.9M576.4M582.1M594.4M683.6M419.0M
Total Liab1.3B1.9B1.9B1.9B2.2B2.3B
Property Plant And Equipment Gross244.7K494.2M583.3M565.3M650.1M682.6M
Total Current Assets1.5B1.5B1.6B1.7B2.0B2.1B
Accumulated Other Comprehensive Income(1.4M)(831K)(4.1M)(3.0M)(3.4M)(3.6M)
Short Term Debt33.6M41.8M48.4M50.8M45.8M48.0M
Intangible Assets134.9M134.4M543.2M497.2M571.8M600.4M
Good Will286.1M290.0M369.4M546.4M628.4M314.4M
Common Stock Total Equity561K113.0552K542K623.3K469.0K
Common Stock548K552K542K537K617.6K490.3K
Current Deferred Revenue(14.0M)57.3M41.0K147.4M169.5M178.0M
Other Liab57.3M41.0M56.0M147.4M169.5M178.0M
Net Tangible Assets563.8M651.9M718.4M244.1M280.7M377.9M
Other Assets37K24K31K16.7M19.2M15.4M
Long Term Debt694.0M1.2B1.2B1.2B1.4B1.4B

Central Garden Investors Sentiment

The influence of Central Garden's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Central. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Central Garden's public news can be used to forecast risks associated with an investment in Central. The trend in average sentiment can be used to explain how an investor holding Central can time the market purely based on public headlines and social activities around Central Garden Pet. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Central Garden's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Central Garden's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Central Garden's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Central Garden.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Central Garden in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Central Garden's short interest history, or implied volatility extrapolated from Central Garden options trading.

Pair Trading with Central Garden

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Central Garden position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Central Garden will appreciate offsetting losses from the drop in the long position's value.

Moving together with Central Stock

  0.66EL Estee Lauder Companies Earnings Call TomorrowPairCorr

Moving against Central Stock

  0.63NUS Nu Skin Enterprises Financial Report 1st of May 2024 PairCorr
  0.43YSG Yatsen Holding Downward RallyPairCorr
The ability to find closely correlated positions to Central Garden could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Central Garden when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Central Garden - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Central Garden Pet to buy it.
The correlation of Central Garden is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Central Garden moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Central Garden Pet moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Central Garden can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether Central Garden Pet offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Central Garden'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 Central Garden Pet Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Central Garden Pet Stock:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Central Garden Pet. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
You can also try the Commodity Directory module to find actively traded commodities issued by global exchanges.

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Is Central Garden's industry 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 Central Garden. If investors know Central 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 Central Garden 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
0.122
Earnings Share
2.01
Revenue Per Share
63.351
Quarterly Revenue Growth
0.011
Return On Assets
0.0451
The market value of Central Garden Pet is measured differently than its book value, which is the value of Central that is recorded on the company's balance sheet. Investors also form their own opinion of Central Garden's value that differs from its market value or its book value, called intrinsic value, which is Central Garden'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 Central Garden's market value can be influenced by many factors that don't directly affect Central Garden'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 Central Garden's value and its price as these two are different measures arrived at by different means. Investors typically determine if Central Garden is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Central Garden'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.