AllovirInc Total Current Liabilities vs Net Working Capital Analysis
ALVR Stock | USD 0.79 0.02 2.60% |
AllovirInc financial indicator trend analysis is way more than just evaluating AllovirInc prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether AllovirInc is a good investment. Please check the relationship between AllovirInc Total Current Liabilities and its Net Working Capital accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in AllovirInc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in real. To learn how to invest in AllovirInc Stock, please use our How to Invest in AllovirInc guide.
Total Current Liabilities vs Net Working Capital
Total Current Liabilities vs Net Working Capital Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of AllovirInc Total Current Liabilities account and Net Working Capital. At this time, the significance of the direction appears to have strong relationship.
The correlation between AllovirInc's Total Current Liabilities and Net Working Capital is 0.72. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Net Working Capital in the same time period over historical financial statements of AllovirInc, assuming nothing else is changed. The correlation between historical values of AllovirInc's Total Current Liabilities and Net Working 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 Total Current Liabilities of AllovirInc are associated (or correlated) with its Net Working Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Working Capital has no effect on the direction of Total Current Liabilities i.e., AllovirInc's Total Current Liabilities and Net Working Capital go up and down completely randomly.
Correlation Coefficient | 0.72 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Total Current Liabilities
Total Current Liabilities is an item on AllovirInc balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of AllovirInc are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.Net Working Capital
Most indicators from AllovirInc's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into AllovirInc 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 AllovirInc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in real. To learn how to invest in AllovirInc Stock, please use our How to Invest in AllovirInc guide.At this time, AllovirInc's Issuance Of Capital Stock is relatively stable compared to the past year. As of 05/21/2024, Sales General And Administrative To Revenue is likely to grow to 60.81, while Selling General Administrative is likely to drop slightly above 33.9 M.
2021 | 2022 | 2023 | 2024 (projected) | Interest Income | 1.3M | 1.9M | 5.3M | 5.5M | Net Interest Income | 1.3M | 1.9M | 5.3M | 5.5M |
AllovirInc fundamental ratios Correlations
Click cells to compare fundamentals
AllovirInc Account Relationship Matchups
High Positive Relationship
High Negative Relationship
AllovirInc fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 139.4M | 370.8M | 286.6M | 277.1M | 190.8M | 236.5M | |
Other Current Liab | 5.4M | 8.1M | 22.9M | 14.2M | 10.8M | 11.4M | |
Total Current Liabilities | 9.1M | 12.3M | 37.9M | 24.3M | 28.4M | 21.2M | |
Total Stockholder Equity | (51.5M) | 353.1M | 225.3M | 224.5M | 145.8M | 158.9M | |
Net Tangible Assets | (51.5M) | 353.1M | 225.3M | 224.5M | 258.2M | 158.6M | |
Net Debt | (49.3M) | (114.0M) | (171.6M) | (70.7M) | (62.7M) | (65.8M) | |
Retained Earnings | (55.3M) | (125.1M) | (297.1M) | (465.8M) | (656.2M) | (623.4M) | |
Accounts Payable | 630K | 963K | 8.4M | 3.0M | 6.8M | 3.6M | |
Cash | 61.1M | 122.7M | 201.7M | 106.1M | 90.1M | 110.7M | |
Non Current Assets Total | 12.1M | 9.5M | 33.2M | 34.0M | 3.2M | 3.0M | |
Cash And Short Term Investments | 126.1M | 356.3M | 248.1M | 233.8M | 183.9M | 214.6M | |
Net Receivables | 560K | 450K | 50K | 157K | 206K | 230K | |
Common Stock Shares Outstanding | 65.1M | 26.9M | 62.8M | 76.7M | 104.1M | 68.3M | |
Short Term Investments | 65.0M | 233.7M | 46.5M | 127.7M | 93.8M | 103.9M | |
Liabilities And Stockholders Equity | 139.4M | 370.8M | 286.6M | 277.1M | 190.8M | 236.5M | |
Non Current Liabilities Total | 181.8M | 5.5M | 23.5M | 28.2M | 16.6M | 15.8M | |
Capital Lease Obligations | 11.8M | 8.7M | 30.1M | 35.4M | 27.4M | 20.8M | |
Other Current Assets | 676K | 5.0M | 5.2M | 9.3M | 3.5M | 4.3M | |
Other Stockholder Equity | (169.4M) | 107.5M | 522.5M | 690.8M | 802.0M | 842.1M | |
Total Liab | 190.9M | 17.8M | 61.3M | 52.6M | 45.0M | 56.5M | |
Net Invested Capital | (51.5M) | 353.1M | 225.3M | 224.5M | 145.8M | 158.9M | |
Total Current Assets | 127.3M | 361.3M | 253.3M | 243.1M | 187.6M | 219.6M | |
Net Working Capital | 118.2M | 349.0M | 215.5M | 218.7M | 159.3M | 198.4M |
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Is AllovirInc'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 AllovirInc. If investors know AllovirInc 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 AllovirInc listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (1.65) | Return On Assets (0.52) | Return On Equity (1.14) |
The market value of AllovirInc is measured differently than its book value, which is the value of AllovirInc that is recorded on the company's balance sheet. Investors also form their own opinion of AllovirInc's value that differs from its market value or its book value, called intrinsic value, which is AllovirInc'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 AllovirInc's market value can be influenced by many factors that don't directly affect AllovirInc'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 AllovirInc's value and its price as these two are different measures arrived at by different means. Investors typically determine if AllovirInc is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, AllovirInc'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.