Allegro Cash And Short Term Investments vs Short Long Term Debt Total Analysis
ALGM Stock | USD 28.77 1.28 4.26% |
Allegro MicrosystemsInc financial indicator trend analysis is way more than just evaluating Allegro MicrosystemsInc prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Allegro MicrosystemsInc is a good investment. Please check the relationship between Allegro MicrosystemsInc Cash And Short Term Investments and its Short Long Term Debt Total accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Allegro MicrosystemsInc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price. To learn how to invest in Allegro Stock, please use our How to Invest in Allegro MicrosystemsInc guide.
Cash And Short Term Investments vs Short Long Term Debt Total
Cash And Short Term Investments vs Short Long Term Debt Total Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Allegro MicrosystemsInc Cash And Short Term Investments account and Short Long Term Debt Total. At this time, the significance of the direction appears to have weak relationship.
The correlation between Allegro MicrosystemsInc's Cash And Short Term Investments and Short Long Term Debt Total is 0.38. Overlapping area represents the amount of variation of Cash And Short Term Investments that can explain the historical movement of Short Long Term Debt Total in the same time period over historical financial statements of Allegro MicrosystemsInc, assuming nothing else is changed. The correlation between historical values of Allegro MicrosystemsInc's Cash And Short Term Investments and Short 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 Cash And Short Term Investments of Allegro MicrosystemsInc are associated (or correlated) with its Short Long Term Debt Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Long Term Debt Total has no effect on the direction of Cash And Short Term Investments i.e., Allegro MicrosystemsInc's Cash And Short Term Investments and Short Long Term Debt Total go up and down completely randomly.
Correlation Coefficient | 0.38 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Cash And Short Term Investments
Short Term Investments is an account in the current assets section of Allegro MicrosystemsInc balance sheet. This account contains Allegro MicrosystemsInc investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Allegro MicrosystemsInc fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.Short Long Term Debt Total
Most indicators from Allegro MicrosystemsInc's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Allegro MicrosystemsInc 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 Allegro MicrosystemsInc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price. To learn how to invest in Allegro Stock, please use our How to Invest in Allegro MicrosystemsInc guide.As of the 22nd of May 2024, Tax Provision is likely to grow to about 28.8 M, while Selling General Administrative is likely to drop about 157.8 M.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 1.1M | 2.3M | 1.4M | 1.6M | Depreciation And Amortization | 45.1M | 49.9M | 71.4M | 61.9M |
Allegro MicrosystemsInc fundamental ratios Correlations
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Allegro MicrosystemsInc Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Allegro MicrosystemsInc fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 817.8M | 747.7M | 892.6M | 1.2B | 1.5B | 1.1B | |
Short Long Term Debt Total | 85.7M | 25M | 41.5M | 42.5M | 253.5M | 266.2M | |
Other Current Liab | 5.3M | 81.3M | 70.7M | 104.6M | 78.0M | 74.2M | |
Total Current Liabilities | 150.1M | 116.7M | 104.2M | 165.3M | 117.9M | 139.0M | |
Total Stockholder Equity | 633.2M | 585.8M | 734.2M | 965.6M | 1.1B | 850.3M | |
Net Tangible Assets | 611.9M | 529.3M | 678.2M | 937.9M | 1.1B | 732.0M | |
Property Plant And Equipment Net | 332.3M | 192.4M | 226.1M | 280.0M | 321.2M | 226.6M | |
Net Debt | (128.8M) | (172.2M) | (240.9M) | (309.0M) | 31.4M | 32.9M | |
Retained Earnings | 194.4M | 3.6M | 123.0M | 310.3M | 463.0M | 486.2M | |
Accounts Payable | 20.8M | 35.4M | 29.8M | 56.3M | 36.0M | 37.1M | |
Cash | 214.5M | 197.2M | 282.4M | 351.6M | 222.2M | 250.7M | |
Non Current Assets Total | 369.6M | 317.1M | 380.9M | 515.3M | 958.4M | 536.5M | |
Non Currrent Assets Other | 2.1M | 14.6M | 53.2M | 77.7M | 72.0M | 40.7M | |
Other Assets | 16.0M | 41.6M | 71.2M | 108.1M | 124.3M | 130.5M | |
Cash And Short Term Investments | 214.5M | 197.2M | 282.4M | 351.6M | 222.2M | 250.7M | |
Net Receivables | 92.1M | 94.8M | 120.7M | 130.5M | 122.5M | 124.0M | |
Good Will | 1.3M | 20.1M | 20.0M | 27.7M | 202.4M | 212.5M | |
Common Stock Shares Outstanding | 189.4M | 189.6M | 191.8M | 193.7M | 194.7M | 210.3M | |
Liabilities And Stockholders Equity | 817.8M | 747.7M | 892.6M | 1.2B | 1.5B | 1.1B | |
Non Current Liabilities Total | 33.6M | 44.1M | 53.0M | 49.0M | 281.0M | 295.0M | |
Inventory | 127.2M | 87.5M | 86.2M | 151.3M | 162.3M | 136.7M | |
Other Current Assets | 14.4M | 51.0M | 22.4M | 25.3M | 65.3M | 36.5M | |
Other Stockholder Equity | 458.7M | 592.2M | 627.8M | 674.2M | 694.3M | 640.7M | |
Total Liab | 183.7M | 160.8M | 157.3M | 214.3M | 398.9M | 234.2M | |
Net Invested Capital | 718.9M | 610.8M | 759.2M | 990.6M | 1.1B | 816.5M | |
Property Plant And Equipment Gross | 332.3M | 192.4M | 210.0M | 280.0M | 252.0M | 217.9M | |
Total Current Assets | 448.2M | 430.6M | 511.7M | 665.8M | 572.2M | 549.2M | |
Accumulated Other Comprehensive Income | (20.0M) | (11.9M) | (18.4M) | (20.8M) | (28.8M) | (30.3M) | |
Net Working Capital | 298.1M | 313.9M | 407.5M | 500.5M | 575.6M | 392.3M | |
Intangible Assets | 20.0M | 36.4M | 36.0M | 52.4M | 276.9M | 290.7M | |
Property Plant Equipment | 332.3M | 192.4M | 226.1M | 263.1M | 236.8M | 217.8M |
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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Allegro MicrosystemsInc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price. To learn how to invest in Allegro Stock, please use our How to Invest in Allegro MicrosystemsInc guide.Note that the Allegro MicrosystemsInc information on this page should be used as a complementary analysis to other Allegro MicrosystemsInc's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .
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Is Allegro MicrosystemsInc'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 Allegro MicrosystemsInc. If investors know Allegro 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 Allegro MicrosystemsInc 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 (0.48) | Earnings Share 0.78 | Revenue Per Share 5.449 | Quarterly Revenue Growth (0.11) | Return On Assets 0.1112 |
The market value of Allegro MicrosystemsInc is measured differently than its book value, which is the value of Allegro that is recorded on the company's balance sheet. Investors also form their own opinion of Allegro MicrosystemsInc's value that differs from its market value or its book value, called intrinsic value, which is Allegro MicrosystemsInc'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 Allegro MicrosystemsInc's market value can be influenced by many factors that don't directly affect Allegro MicrosystemsInc'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 Allegro MicrosystemsInc's value and its price as these two are different measures arrived at by different means. Investors typically determine if Allegro MicrosystemsInc is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Allegro MicrosystemsInc'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.