Salesforce Interest Coverage vs Book Value per Share Analysis

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USD 272.90 21.42 7.28%

Salesforce financial indicator trend analysis is much more than just breaking down Salesforce prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Salesforce is a good investment. Please check the relationship between Salesforce Interest Coverage and its Book Value Per Share accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Salesforce. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area.

To learn how to invest in Salesforce Stock, please use our How to Invest in Salesforce guide.

Interest Coverage vs Book Value Per Share

Interest Coverage vs Book Value per Share Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Salesforce Interest Coverage account and Book Value per Share. At this time, the significance of the direction appears to have weak relationship.

The correlation between Salesforce's Interest Coverage and Book Value per Share is 0.35. Overlapping area represents the amount of variation of Interest Coverage that can explain the historical movement of Book Value per Share in the same time period over historical financial statements of Salesforce, assuming nothing else is changed. The correlation between historical values of Salesforce's Interest Coverage and Book Value per Share is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Interest Coverage of Salesforce are associated (or correlated) with its Book Value per Share. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Book Value per Share has no effect on the direction of Interest Coverage i.e., Salesforce's Interest Coverage and Book Value per Share go up and down completely randomly.

Correlation Coefficient

0.35

Relationship Direction	Positive
Relationship Strength	Very Weak

View All Relationships

Interest Coverage

Book Value Per Share

The ratio of equity available to common shareholders divided by the number of outstanding shares. This measure represents the value per share of a company according to its financial statements.

Most indicators from Salesforce's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Salesforce 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 Salesforce. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area.

To learn how to invest in Salesforce Stock, please use our How to Invest in Salesforce guide.At this time, Salesforce's Selling General Administrative is very stable compared to the past year. As of the 16th of April 2024, Tax Provision is likely to grow to about 854.7 M, while Enterprise Value Multiple is likely to drop 22.40.

	2021	2022	2023	2024 (projected)
Gross Profit	19.5B	23.0B	23.5B	24.7B
Total Revenue	26.5B	31.4B	34.9B	36.6B

Gross Profit Total Revenue

Salesforce fundamental ratios Correlations

	Total Assets	Total Stockholder Equity	Retained Earnings	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Stockholder Equity	Total Liab	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Other Liab	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Accounts Payable	Cash	Long Term Debt	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Short Term Investments	Inventory	Other Current Assets
Total Assets		1.0	0.95	1.0	0.9	0.89	0.7	0.98	0.99	1.0	0.98	0.53	0.99	0.94	0.97	0.99	0.87	0.9	0.98	0.94	0.98	0.99	0.82	0.97	0.95	0.94
Total Stockholder Equity	1.0		0.95	1.0	0.89	0.9	0.69	0.98	1.0	0.99	0.98	0.56	0.98	0.94	0.97	0.98	0.87	0.91	0.98	0.93	0.98	0.98	0.8	0.97	0.95	0.94
Retained Earnings	0.95	0.95		0.96	0.96	0.83	0.54	0.96	0.93	0.95	0.93	0.36	0.94	0.91	0.87	0.94	0.83	0.78	0.93	0.89	0.95	0.94	0.71	0.95	0.94	0.9
Non Current Assets Total	1.0	1.0	0.96		0.9	0.88	0.68	0.99	0.99	0.99	0.99	0.5	0.98	0.94	0.96	0.98	0.9	0.89	0.97	0.95	0.97	0.98	0.8	0.96	0.95	0.93
Non Currrent Assets Other	0.9	0.89	0.96	0.9		0.71	0.48	0.92	0.86	0.92	0.89	0.24	0.9	0.86	0.82	0.91	0.79	0.65	0.88	0.83	0.9	0.9	0.71	0.91	0.9	0.89
Other Assets	0.89	0.9	0.83	0.88	0.71		0.7	0.84	0.9	0.86	0.85	0.63	0.87	0.88	0.88	0.87	0.71	0.85	0.89	0.81	0.9	0.88	0.74	0.9	0.79	0.83
Common Stock Shares Outstanding	0.7	0.69	0.54	0.68	0.48	0.7		0.64	0.71	0.7	0.67	0.61	0.73	0.68	0.76	0.73	0.54	0.69	0.73	0.64	0.7	0.73	0.8	0.66	0.63	0.69
Non Current Liabilities Total	0.98	0.98	0.96	0.99	0.92	0.84	0.64		0.97	0.99	0.99	0.39	0.96	0.93	0.92	0.96	0.94	0.85	0.93	0.97	0.93	0.97	0.78	0.93	0.96	0.9
Other Stockholder Equity	0.99	1.0	0.93	0.99	0.86	0.9	0.71	0.97		0.98	0.97	0.6	0.98	0.93	0.98	0.97	0.86	0.93	0.97	0.93	0.97	0.98	0.81	0.96	0.93	0.93
Total Liab	1.0	0.99	0.95	0.99	0.92	0.86	0.7	0.99	0.98		0.98	0.47	0.99	0.94	0.95	0.99	0.88	0.86	0.97	0.95	0.97	0.99	0.84	0.96	0.96	0.95
Short Long Term Debt Total	0.98	0.98	0.93	0.99	0.89	0.85	0.67	0.99	0.97	0.98		0.41	0.96	0.94	0.92	0.96	0.95	0.88	0.93	0.98	0.93	0.97	0.78	0.92	0.94	0.9
Other Current Liab	0.53	0.56	0.36	0.5	0.24	0.63	0.61	0.39	0.6	0.47	0.41		0.52	0.46	0.71	0.52	0.19	0.72	0.61	0.32	0.6	0.52	0.55	0.59	0.43	0.51
Total Current Liabilities	0.99	0.98	0.94	0.98	0.9	0.87	0.73	0.96	0.98	0.99	0.96	0.52		0.93	0.96	1.0	0.84	0.86	0.99	0.92	0.98	1.0	0.86	0.97	0.94	0.97
Other Liab	0.94	0.94	0.91	0.94	0.86	0.88	0.68	0.93	0.93	0.94	0.94	0.46	0.93		0.9	0.93	0.85	0.84	0.92	0.89	0.93	0.93	0.79	0.93	0.92	0.87
Property Plant And Equipment Net	0.97	0.97	0.87	0.96	0.82	0.88	0.76	0.92	0.98	0.95	0.92	0.71	0.96	0.9		0.96	0.77	0.92	0.97	0.86	0.97	0.96	0.85	0.96	0.91	0.92
Current Deferred Revenue	0.99	0.98	0.94	0.98	0.91	0.87	0.73	0.96	0.97	0.99	0.96	0.52	1.0	0.93	0.96		0.83	0.84	0.98	0.91	0.98	1.0	0.88	0.97	0.94	0.96
Net Debt	0.87	0.87	0.83	0.9	0.79	0.71	0.54	0.94	0.86	0.88	0.95	0.19	0.84	0.85	0.77	0.83		0.78	0.77	0.97	0.76	0.84	0.63	0.75	0.85	0.75
Accounts Payable	0.9	0.91	0.78	0.89	0.65	0.85	0.69	0.85	0.93	0.86	0.88	0.72	0.86	0.84	0.92	0.84	0.78		0.88	0.84	0.87	0.86	0.66	0.85	0.81	0.79
Cash	0.98	0.98	0.93	0.97	0.88	0.89	0.73	0.93	0.97	0.97	0.93	0.61	0.99	0.92	0.97	0.98	0.77	0.88		0.87	1.0	0.99	0.84	0.99	0.93	0.96
Long Term Debt	0.94	0.93	0.89	0.95	0.83	0.81	0.64	0.97	0.93	0.95	0.98	0.32	0.92	0.89	0.86	0.91	0.97	0.84	0.87		0.86	0.92	0.74	0.84	0.91	0.84
Cash And Short Term Investments	0.98	0.98	0.95	0.97	0.9	0.9	0.7	0.93	0.97	0.97	0.93	0.6	0.98	0.93	0.97	0.98	0.76	0.87	1.0	0.86		0.98	0.82	1.0	0.92	0.96
Net Receivables	0.99	0.98	0.94	0.98	0.9	0.88	0.73	0.97	0.98	0.99	0.97	0.52	1.0	0.93	0.96	1.0	0.84	0.86	0.99	0.92	0.98		0.87	0.97	0.94	0.96
Common Stock Total Equity	0.82	0.8	0.71	0.8	0.71	0.74	0.8	0.78	0.81	0.84	0.78	0.55	0.86	0.79	0.85	0.88	0.63	0.66	0.84	0.74	0.82	0.87		0.8	0.82	0.8
Short Term Investments	0.97	0.97	0.95	0.96	0.91	0.9	0.66	0.93	0.96	0.96	0.92	0.59	0.97	0.93	0.96	0.97	0.75	0.85	0.99	0.84	1.0	0.97	0.8		0.92	0.96
Inventory	0.95	0.95	0.94	0.95	0.9	0.79	0.63	0.96	0.93	0.96	0.94	0.43	0.94	0.92	0.91	0.94	0.85	0.81	0.93	0.91	0.92	0.94	0.82	0.92		0.85
Other Current Assets	0.94	0.94	0.9	0.93	0.89	0.83	0.69	0.9	0.93	0.95	0.9	0.51	0.97	0.87	0.92	0.96	0.75	0.79	0.96	0.84	0.96	0.96	0.8	0.96	0.85

Click cells to compare fundamentals

Salesforce Account Relationship Matchups

High Positive Relationship

Total Stockholder Equity	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Total Stockholder Equity
Other Stockholder Equity	+ 1.0	Total Stockholder Equity
Current Deferred Revenue	+ 1.0	Total Current Liabilities

High Negative Relationship

Not Found

Salesforce fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	55.1B	66.3B	95.2B	98.8B	102.8B	107.9B
Total Stockholder Equity	33.9B	41.5B	58.1B	58.4B	59.6B	62.6B
Retained Earnings	1.9B	5.9B	7.4B	7.6B	11.7B	12.3B
Non Current Assets Total	39.2B	44.4B	72.4B	72.5B	75.6B	79.4B
Non Currrent Assets Other	1.3B	1.7B	2.3B	2.7B	5.5B	5.7B
Other Assets	1.4B	4.4B	5.0B	2.8B	3.2B	3.4B
Common Stock Shares Outstanding	850M	930M	974M	997M	984M	642.1M
Liabilities And Stockholders Equity	55.1B	66.3B	95.2B	98.8B	102.8B	107.9B
Non Current Liabilities Total	6.4B	7.1B	15.3B	14.6B	16.5B	17.4B
Other Stockholder Equity	32.1B	35.6B	50.9B	51.0B	48.1B	50.6B
Total Liab	21.2B	24.8B	37.1B	40.5B	43.2B	45.3B
Short Long Term Debt Total	5.9B	6.3B	14.0B	14.1B	13.6B	14.2B
Other Current Liab	11.4B	12.6B	5.5B	6.7B	2.5B	2.4B
Total Current Liabilities	14.8B	17.7B	21.8B	25.9B	26.6B	28.0B
Other Liab	946M	1.5B	2.0B	1.7B	2.0B	2.1B
Property Plant And Equipment Net	5.4B	5.7B	5.7B	6.6B	6.1B	6.4B
Current Deferred Revenue	10.7B	12.6B	15.6B	17.4B	19.0B	20.0B
Net Debt	1.7B	86M	8.5B	7.1B	6.4B	6.7B
Accounts Payable	3.4B	4.4B	5.5B	6.7B	3.2B	3.4B
Cash	4.1B	6.2B	5.5B	7.0B	7.1B	7.5B
Cash And Short Term Investments	7.9B	12.0B	10.5B	12.5B	14.2B	14.9B
Net Receivables	6.2B	7.8B	9.7B	10.8B	11.4B	12.0B
Short Term Investments	3.8B	5.8B	5.1B	5.5B	7.1B	7.4B
Inventory	926M	1.1B	1.5B	1.8B	2.0B	2.1B
Other Current Assets	916M	991M	1.1B	1.4B	1.6B	1.6B
Property Plant And Equipment Gross	7.2B	7.6B	8.1B	9.3B	9.2B	9.7B
Total Current Assets	16.0B	21.9B	22.9B	26.4B	27.2B	28.5B
Accumulated Other Comprehensive Income	(93M)	(42M)	(166M)	(274M)	(225M)	(213.8M)
Short Term Debt	750M	766M	686M	1.8B	1.9B	2.0B
Property Plant Equipment	5.4B	5.7B	5.7B	6.6B	7.6B	8.0B
Intangible Assets	5.3B	4.1B	9.0B	7.1B	5.3B	5.5B
Good Will	25.1B	26.3B	47.9B	48.6B	48.6B	51.1B
Net Tangible Assets	4.0B	11.1B	1.2B	2.7B	3.1B	1.8B
Retained Earnings Total Equity	1.9B	5.9B	7.4B	7.6B	8.7B	9.2B
Capital Surpluse	32.1B	35.6B	50.9B	55.0B	63.3B	66.5B

Pair Trading with Salesforce

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 Salesforce 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 Salesforce will appreciate offsetting losses from the drop in the long position's value.

The ability to find closely correlated positions to Salesforce could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Salesforce 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 Salesforce - 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 Salesforce to buy it.

The correlation of Salesforce 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 Salesforce moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Salesforce 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 Salesforce 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 Salesforce is a strong investment it is important to analyze Salesforce's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Salesforce's future performance. For an informed investment choice regarding Salesforce Stock, refer to the following important reports:

How To Invest In Salesforce

Details

Is Salesforce Stock a good investment?

Details

What is Salesforce's Net Worth?

Details

Largest Application Software Companies

View

Largest Software - Application Companies

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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Salesforce. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area.

To learn how to invest in Salesforce Stock, please use our How to Invest in Salesforce guide.

You can also try the Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.

Complementary Tools for Salesforce Stock analysis

When running Salesforce's price analysis, check to measure Salesforce'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 Salesforce is operating at the current time. Most of Salesforce's value examination focuses on studying past and present price action to predict the probability of Salesforce's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Salesforce's price. Additionally, you may evaluate how the addition of Salesforce to your portfolios can decrease your overall portfolio volatility.

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Is Salesforce'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 Salesforce. If investors know Salesforce 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 Salesforce 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

4.952

Earnings Share

4.2

Revenue Per Share

35.787

Quarterly Revenue Growth

0.108

Return On Assets

0.0377

The market value of Salesforce is measured differently than its book value, which is the value of Salesforce that is recorded on the company's balance sheet. Investors also form their own opinion of Salesforce's value that differs from its market value or its book value, called intrinsic value, which is Salesforce'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 Salesforce's market value can be influenced by many factors that don't directly affect Salesforce'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 Salesforce's value and its price as these two are different measures arrived at by different means. Investors typically determine if Salesforce is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Salesforce'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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Salesforce Interest Coverage vs Book Value per Share Analysis

Interest Coverage vs Book Value Per Share

Interest Coverage vs Book Value per Share Correlation Analysis

Correlation Coefficient

Interest Coverage

Book Value Per Share

Salesforce fundamental ratios Correlations

Salesforce Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Salesforce fundamental ratios Accounts

Pair Trading with Salesforce

Complementary Tools for Salesforce Stock analysis

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