Snowflake Other Current Liab vs Total Liab Analysis
SNOW Stock | USD 158.61 1.46 0.93% |
Snowflake financial indicator trend analysis is much more than just breaking down Snowflake prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Snowflake is a good investment. Please check the relationship between Snowflake Other Current Liab and its Total Liab accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Snowflake. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons. For more information on how to buy Snowflake Stock please use our How to Invest in Snowflake guide.
Other Current Liab vs Total Liab
Other Current Liab vs Total Liab Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Snowflake Other Current Liab account and Total Liab. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Snowflake's Other Current Liab and Total Liab is 0.82. Overlapping area represents the amount of variation of Other Current Liab that can explain the historical movement of Total Liab in the same time period over historical financial statements of Snowflake, assuming nothing else is changed. The correlation between historical values of Snowflake's Other Current Liab and Total Liab is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Current Liab of Snowflake are associated (or correlated) with its Total Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Liab has no effect on the direction of Other Current Liab i.e., Snowflake's Other Current Liab and Total Liab go up and down completely randomly.
Correlation Coefficient | 0.82 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Other Current Liab
Total Liab
The total amount of all liabilities that a company has, including both short-term and long-term liabilities.Most indicators from Snowflake's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Snowflake 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Snowflake. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons. For more information on how to buy Snowflake Stock please use our How to Invest in Snowflake guide.Tax Provision is likely to climb to about (10.7 M) in 2024. Selling General Administrative is likely to drop to about 220.7 M in 2024
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 760.9M | 1.3B | 1.9B | 2.0B | Total Revenue | 1.2B | 2.1B | 2.8B | 2.9B |
Snowflake fundamental ratios Correlations
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Snowflake Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Snowflake fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 1.0B | 5.9B | 6.6B | 7.7B | 8.2B | 8.6B | |
Short Long Term Debt Total | 211.3M | 204.5M | 206.3M | 251.7M | 288.0M | 258.1M | |
Total Current Liabilities | 416.5M | 789.3M | 1.4B | 2.0B | 2.7B | 2.9B | |
Net Debt | 84.1M | (615.6M) | (879.4M) | (688.2M) | (1.5B) | (1.4B) | |
Retained Earnings | (700.3M) | (1.2B) | (1.9B) | (2.7B) | (4.1B) | (3.9B) | |
Cash | 127.2M | 820.2M | 1.1B | 939.9M | 1.8B | 1.9B | |
Non Currrent Assets Other | 19.5M | 89.3M | 453.8M | 429.1M | 312.6M | 250.9M | |
Net Receivables | 179.5M | 294.0M | 545.6M | 715.8M | 951.1M | 998.7M | |
Common Stock Shares Outstanding | 276.7M | 283.2M | 300.3M | 318.7M | 328.0M | 292.4M | |
Short Term Investments | 306.8M | 3.1B | 2.8B | 3.1B | 2.1B | 1.5B | |
Liabilities And Stockholders Equity | 1.0B | 5.9B | 6.6B | 7.7B | 8.2B | 8.6B | |
Total Liab | 1.6B | 985.3M | 1.6B | 2.3B | 3.0B | 1.6B | |
Property Plant And Equipment Gross | 223.1M | 255.8M | 295.4M | 392.1M | 574.2M | 317.7M | |
Total Current Assets | 665.2M | 4.3B | 4.6B | 5.0B | 5.0B | 2.5B | |
Accumulated Other Comprehensive Income | 216K | 439K | (16.3M) | (38.3M) | (8.2M) | (7.8M) | |
Short Term Debt | 18.1M | 19.7M | 25.1M | 27.3M | 33.9M | 18.3M | |
Intangible Assets | 4.8M | 16.1M | 37.1M | 186.0M | 331.4M | 348.0M | |
Other Current Liab | 62.8M | 125.3M | 200.7M | 269.1M | 446.9M | 469.2M | |
Total Stockholder Equity | (544.8M) | 4.9B | 5.0B | 5.5B | 5.2B | 3.6B | |
Other Liab | 11.4M | 11.1M | 22.4M | 35.8M | 41.2M | 43.3M | |
Net Tangible Assets | (558.8M) | 4.9B | 5.0B | 4.6B | 5.3B | 3.0B | |
Property Plant And Equipment Net | 223.1M | 255.8M | 295.4M | 392.1M | 499.6M | 309.6M | |
Current Deferred Revenue | 327.1M | 638.7M | 1.2B | 1.7B | 2.2B | 1.1B | |
Accounts Payable | 8.5M | 5.6M | 13.4M | 23.7M | 51.7M | 54.3M | |
Non Current Assets Total | 347.5M | 1.6B | 2.1B | 2.7B | 3.3B | 1.9B | |
Other Assets | 89.0M | 134.0M | 453.8M | 226.2M | 260.1M | 208.0M | |
Cash And Short Term Investments | 434.1M | 3.9B | 3.9B | 4.0B | 3.8B | 3.1B | |
Non Current Liabilities Total | 1.1B | 196.0M | 203.6M | 260.2M | 301.6M | 404.6M | |
Capital Lease Obligations | 211.3M | 204.5M | 206.3M | 251.7M | 288.0M | 216.0M | |
Other Current Assets | 25.3M | 98.6M | 200.9M | 193.1M | 155.8M | 128.4M | |
Other Stockholder Equity | (781.1M) | 6.2B | 7.0B | 8.2B | 9.3B | 5.5B | |
Deferred Long Term Liab | 69.5M | 86.2M | 124.5M | 145.3M | 167.1M | 100.8M | |
Net Invested Capital | (544.8M) | 4.9B | 5.0B | 5.5B | 5.2B | 3.6B | |
Long Term Investments | 23.5M | 1.2B | 1.3B | 1.1B | 916.3M | 813.0M | |
Capital Stock | 6K | 28K | 31K | 32K | 34K | 24.9K | |
Non Current Liabilities Other | 8.5M | 6.9M | 11.2M | 24.4M | 33.1M | 34.8M | |
Net Working Capital | 248.7M | 3.5B | 3.2B | 3.0B | 2.3B | 2.3B |
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Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Snowflake. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons. For more information on how to buy Snowflake Stock please use our How to Invest in Snowflake guide.You can also try the Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.
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Is Snowflake'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 Snowflake. If investors know Snowflake 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 Snowflake listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (2.55) | Revenue Per Share 8.556 | Quarterly Revenue Growth 0.315 | Return On Assets (0.09) | Return On Equity (0.16) |
The market value of Snowflake is measured differently than its book value, which is the value of Snowflake that is recorded on the company's balance sheet. Investors also form their own opinion of Snowflake's value that differs from its market value or its book value, called intrinsic value, which is Snowflake'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 Snowflake's market value can be influenced by many factors that don't directly affect Snowflake'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 Snowflake's value and its price as these two are different measures arrived at by different means. Investors typically determine if Snowflake is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Snowflake'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.