Central Short Term Debt vs Net Invested Capital 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 Net Invested Capital 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 Net Invested Capital

Short Term Debt vs Net Invested Capital 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 Net Invested Capital. At this time, the significance of the direction appears to have strong relationship.

The correlation between Central Garden's Short Term Debt and Net Invested Capital is 0.79. Overlapping area represents the amount of variation of Short Term Debt that can explain the historical movement of Net Invested Capital 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 Net Invested Capital 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 Net Invested Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Invested Capital has no effect on the direction of Short Term Debt i.e., Central Garden's Short Term Debt and Net Invested Capital go up and down completely randomly.

Correlation Coefficient

0.79

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Short Term Debt

Net Invested Capital

The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.

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 Expense	58.3M	57.0M	65.6M	36.4M
Depreciation And Amortization	78.1M	87.7M	100.9M	105.9M

Interest Expense Depreciation And Amortization

Central Garden fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	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	Short Term Debt	Intangible Assets	Good Will	Common Stock Total Equity
Total Assets		0.99	0.83	0.96	0.99	0.99	0.85	0.98	0.81	0.77	0.98	0.27	0.77	0.74	0.53	0.99	0.97	0.2	0.77	1.0	0.9	0.98	0.7	0.89	0.86	0.32
Short Long Term Debt Total	0.99		0.81	0.96	0.97	0.99	0.89	0.97	0.81	0.72	0.99	0.3	0.72	0.71	0.48	1.0	0.98	0.15	0.73	1.0	0.93	0.95	0.73	0.89	0.85	0.33
Other Current Liab	0.83	0.81		0.85	0.85	0.79	0.54	0.82	0.68	0.85	0.78	0.52	0.85	0.64	0.5	0.8	0.72	0.18	0.68	0.82	0.64	0.87	0.52	0.59	0.61	0.15
Total Current Liabilities	0.96	0.96	0.85		0.94	0.97	0.81	0.95	0.88	0.76	0.95	0.38	0.76	0.77	0.47	0.95	0.91	0.23	0.75	0.97	0.81	0.94	0.77	0.8	0.8	0.14
Total Stockholder Equity	0.99	0.97	0.85	0.94		0.96	0.78	0.98	0.78	0.82	0.96	0.23	0.82	0.75	0.57	0.97	0.95	0.23	0.78	0.97	0.86	0.99	0.64	0.88	0.85	0.32
Property Plant And Equipment Net	0.99	0.99	0.79	0.97	0.96		0.9	0.97	0.8	0.69	0.99	0.23	0.69	0.7	0.47	0.99	0.98	0.17	0.73	0.99	0.91	0.94	0.75	0.92	0.86	0.29
Net Debt	0.85	0.89	0.54	0.81	0.78	0.9		0.81	0.67	0.33	0.92	0.21	0.33	0.53	0.37	0.9	0.93	0.13	0.58	0.88	0.95	0.73	0.67	0.86	0.8	0.47
Retained Earnings	0.98	0.97	0.82	0.95	0.98	0.97	0.81		0.76	0.79	0.97	0.23	0.78	0.68	0.42	0.97	0.95	0.18	0.7	0.98	0.88	0.96	0.77	0.92	0.84	0.24
Accounts Payable	0.81	0.81	0.68	0.88	0.78	0.8	0.67	0.76		0.66	0.78	0.45	0.66	0.92	0.59	0.79	0.74	0.3	0.86	0.82	0.63	0.8	0.62	0.57	0.82	0.15
Cash	0.77	0.72	0.85	0.76	0.82	0.69	0.33	0.79	0.66		0.66	0.3	1.0	0.68	0.43	0.71	0.62	0.11	0.65	0.73	0.48	0.87	0.5	0.55	0.56	-0.02
Non Current Assets Total	0.98	0.99	0.78	0.95	0.96	0.99	0.92	0.97	0.78	0.66		0.28	0.65	0.68	0.47	0.99	0.99	0.19	0.71	0.99	0.95	0.93	0.74	0.92	0.86	0.37
Non Currrent Assets Other	0.27	0.3	0.52	0.38	0.23	0.23	0.21	0.23	0.45	0.3	0.28		0.3	0.33	0.15	0.27	0.14	0.22	0.24	0.29	0.23	0.25	0.23	-0.1	0.11	0.13
Cash And Short Term Investments	0.77	0.72	0.85	0.76	0.82	0.69	0.33	0.78	0.66	1.0	0.65	0.3		0.68	0.44	0.71	0.62	0.1	0.65	0.73	0.48	0.87	0.49	0.55	0.56	-0.02
Net Receivables	0.74	0.71	0.64	0.77	0.75	0.7	0.53	0.68	0.92	0.68	0.68	0.33	0.68		0.8	0.71	0.66	0.4	0.94	0.73	0.51	0.78	0.37	0.5	0.82	0.25
Common Stock Shares Outstanding	0.53	0.48	0.5	0.47	0.57	0.47	0.37	0.42	0.59	0.43	0.47	0.15	0.44	0.8		0.5	0.5	0.48	0.89	0.5	0.4	0.58	-0.14	0.33	0.64	0.58
Non Current Liabilities Total	0.99	1.0	0.8	0.95	0.97	0.99	0.9	0.97	0.79	0.71	0.99	0.27	0.71	0.71	0.5		0.98	0.16	0.74	1.0	0.94	0.95	0.71	0.91	0.86	0.36
Inventory	0.97	0.98	0.72	0.91	0.95	0.98	0.93	0.95	0.74	0.62	0.99	0.14	0.62	0.66	0.5	0.98		0.18	0.72	0.98	0.95	0.92	0.68	0.95	0.88	0.42
Other Current Assets	0.2	0.15	0.18	0.23	0.23	0.17	0.13	0.18	0.3	0.11	0.19	0.22	0.1	0.4	0.48	0.16	0.18		0.39	0.18	0.13	0.2	-0.09	0.09	0.27	0.25
Other Stockholder Equity	0.77	0.73	0.68	0.75	0.78	0.73	0.58	0.7	0.86	0.65	0.71	0.24	0.65	0.94	0.89	0.74	0.72	0.39		0.75	0.6	0.8	0.28	0.57	0.85	0.42
Total Liab	1.0	1.0	0.82	0.97	0.97	0.99	0.88	0.98	0.82	0.73	0.99	0.29	0.73	0.73	0.5	1.0	0.98	0.18	0.75		0.92	0.96	0.73	0.89	0.86	0.32
Property Plant And Equipment Gross	0.9	0.93	0.64	0.81	0.86	0.91	0.95	0.88	0.63	0.48	0.95	0.23	0.48	0.51	0.4	0.94	0.95	0.13	0.6	0.92		0.81	0.64	0.9	0.82	0.57
Total Current Assets	0.98	0.95	0.87	0.94	0.99	0.94	0.73	0.96	0.8	0.87	0.93	0.25	0.87	0.78	0.58	0.95	0.92	0.2	0.8	0.96	0.81		0.63	0.83	0.82	0.25
Short Term Debt	0.7	0.73	0.52	0.77	0.64	0.75	0.67	0.77	0.62	0.5	0.74	0.23	0.49	0.37	-0.14	0.71	0.68	-0.09	0.28	0.73	0.64	0.63		0.71	0.57	-0.22
Intangible Assets	0.89	0.89	0.59	0.8	0.88	0.92	0.86	0.92	0.57	0.55	0.92	-0.1	0.55	0.5	0.33	0.91	0.95	0.09	0.57	0.89	0.9	0.83	0.71		0.83	0.32
Good Will	0.86	0.85	0.61	0.8	0.85	0.86	0.8	0.84	0.82	0.56	0.86	0.11	0.56	0.82	0.64	0.86	0.88	0.27	0.85	0.86	0.82	0.82	0.57	0.83		0.46
Common Stock Total Equity	0.32	0.33	0.15	0.14	0.32	0.29	0.47	0.24	0.15	-0.02	0.37	0.13	-0.02	0.25	0.58	0.36	0.42	0.25	0.42	0.32	0.57	0.25	-0.22	0.32	0.46

Click cells to compare fundamentals

Central Garden Account Relationship Matchups

Central Garden fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	2.3B	3.1B	3.3B	3.4B	3.9B	4.1B
Short Long Term Debt Total	814.1M	1.4B	1.4B	1.4B	1.6B	1.7B
Other Current Liab	201.4M	235.0M	54.4M	216.2M	248.7M	261.1M
Total Current Liabilities	440.3M	522.3M	465.9M	458.0M	526.7M	553.0M
Total Stockholder Equity	1.1B	1.2B	1.3B	1.5B	1.7B	1.8B
Property Plant And Equipment Net	360.5M	494.2M	583.3M	565.3M	650.1M	682.6M
Net Debt	161.4M	930.2M	1.2B	885.7M	1.0B	1.1B
Retained Earnings	510.8M	646.1M	755.3M	859.4M	988.3M	1.0B
Accounts Payable	205.2M	245.5M	215.7M	190.9M	219.5M	135.0M
Cash	652.7M	426.4M	177.4M	488.7M	562.0M	590.1M
Non Current Assets Total	814.1M	1.6B	1.7B	1.7B	1.9B	2.0B
Non Currrent Assets Other	28.7M	575.0M	(130.8M)	62.6M	71.9M	45.5M
Cash And Short Term Investments	652.7M	426.4M	177.4M	488.7M	562.0M	590.1M
Net Receivables	391.8M	385.4M	376.8M	332.9M	382.8M	211.5M
Common Stock Shares Outstanding	54.7M	55.2M	54.4M	53.4M	61.4M	44.7M
Liabilities And Stockholders Equity	2.3B	3.1B	3.3B	3.4B	3.9B	4.1B
Non Current Liabilities Total	821.4M	1.4B	1.5B	1.5B	1.7B	1.8B
Inventory	439.6M	685.2M	938M	838.2M	963.9M	1.0B
Other Current Assets	43.1M	41.2M	46.6M	33.2M	38.1M	31.4M
Other Stockholder Equity	566.9M	576.4M	582.1M	594.4M	683.6M	419.0M
Total Liab	1.3B	1.9B	1.9B	1.9B	2.2B	2.3B
Property Plant And Equipment Gross	244.7K	494.2M	583.3M	565.3M	650.1M	682.6M
Total Current Assets	1.5B	1.5B	1.6B	1.7B	2.0B	2.1B
Accumulated Other Comprehensive Income	(1.4M)	(831K)	(4.1M)	(3.0M)	(3.4M)	(3.6M)
Short Term Debt	33.6M	41.8M	48.4M	50.8M	45.8M	48.0M
Intangible Assets	134.9M	134.4M	543.2M	497.2M	571.8M	600.4M
Good Will	286.1M	290.0M	369.4M	546.4M	628.4M	314.4M
Common Stock Total Equity	561K	113.0	552K	542K	623.3K	469.0K
Common Stock	548K	552K	542K	537K	617.6K	490.3K
Current Deferred Revenue	(14.0M)	57.3M	41.0K	147.4M	169.5M	178.0M
Other Liab	57.3M	41.0M	56.0M	147.4M	169.5M	178.0M
Net Tangible Assets	563.8M	651.9M	718.4M	244.1M	280.7M	377.9M
Other Assets	37K	24K	31K	16.7M	19.2M	15.4M
Long Term Debt	694.0M	1.2B	1.2B	1.2B	1.4B	1.4B

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

0.66

Estee Lauder Companies Earnings Call Tomorrow

Pair Corr

Moving against Central Stock

0.63	NUS	Nu Skin Enterprises Financial Report 1st of May 2024	Pair Corr
0.43	YSG	Yatsen Holding Downward Rally	Pair Corr

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 Correlation Correlation 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:

How To Invest In Central

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Is Central Stock a good investment?

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What is Central Garden's Net Worth?

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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 ETF Categories module to list of ETF categories grouped based on various criteria, such as the investment strategy or type of investments.

Complementary Tools for Central Stock analysis

When running Central Garden's price analysis, check to measure Central Garden's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Central Garden is operating at the current time. Most of Central Garden's value examination focuses on studying past and present price action to predict the probability of Central Garden's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Central Garden's price. Additionally, you may evaluate how the addition of Central Garden to your portfolios can decrease your overall portfolio volatility.

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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.

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Central Short Term Debt vs Net Invested Capital Analysis

Short Term Debt vs Net Invested Capital

Short Term Debt vs Net Invested Capital Correlation Analysis

Correlation Coefficient

Short Term Debt

Net Invested Capital

Central Garden fundamental ratios Correlations

Central Garden Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Central Garden fundamental ratios Accounts

Pair Trading with Central Garden

Moving together with Central Stock

Moving against Central Stock

Complementary Tools for Central Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Liab	+ 1.0	Total Assets
Non Current Liabilities Total	+ 1.0	Short Long Term Debt Total
Total Liab	+ 1.0	Short Long Term Debt Total
Cash And Short Term Investments	+ 1.0	Cash
Total Liab	+ 1.0	Non Current Liabilities Total
Short Long Term Debt Total	+ 0.99	Total Assets

Common Stock Total Equity	- 0.22	Short Term Debt
Short Term Debt	- 0.14	Common Stock Shares Outstanding
Intangible Assets	- 0.1	Non Currrent Assets Other
Short Term Debt	- 0.09	Other Current Assets
Common Stock Total Equity	- 0.02	Cash And Short Term Investments
Common Stock Total Equity	- 0.02	Cash