Fulgent Total Stockholder Equity vs Net Debt Analysis

FLGT Stock

USD 20.10 0.07 0.35%

Fulgent Genetics financial indicator trend analysis is much more than just examining Fulgent Genetics latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Fulgent Genetics is a good investment. Please check the relationship between Fulgent Genetics Total Stockholder Equity and its Net Debt accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fulgent Genetics. 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.

For more information on how to buy Fulgent Stock please use our How to Invest in Fulgent Genetics guide.

Total Stockholder Equity vs Net Debt

Total Stockholder Equity vs Net Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Fulgent Genetics Total Stockholder Equity account and Net Debt. At this time, the significance of the direction appears to have pay attention.

The correlation between Fulgent Genetics' Total Stockholder Equity and Net Debt is -0.87. Overlapping area represents the amount of variation of Total Stockholder Equity that can explain the historical movement of Net Debt in the same time period over historical financial statements of Fulgent Genetics, assuming nothing else is changed. The correlation between historical values of Fulgent Genetics' Total Stockholder Equity and Net Debt 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 Stockholder Equity of Fulgent Genetics are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Total Stockholder Equity i.e., Fulgent Genetics' Total Stockholder Equity and Net Debt go up and down completely randomly.

Correlation Coefficient

-0.87

Relationship Direction	Negative
Relationship Strength	Significant

View All Relationships

Total Stockholder Equity

The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.

Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.

Most indicators from Fulgent Genetics' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Fulgent Genetics 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fulgent Genetics. 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.

For more information on how to buy Fulgent Stock please use our How to Invest in Fulgent Genetics guide.At this time, Fulgent Genetics' Discontinued Operations is comparatively stable compared to the past year. Selling General Administrative is likely to gain to about 93.4 M in 2024, whereas Tax Provision is likely to drop slightly above 2.5 M in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	777.1M	366.9M	96.6M	179.1M
Total Revenue	992.6M	619.0M	289.2M	266.7M

Gross Profit Total Revenue

Fulgent Genetics fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Tangible Assets	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Property Plant Equipment	Common Stock Total Equity	Common Stock	Other Liab
Total Assets		0.92	0.85	1.0	0.99	0.98	-0.87	0.98	0.85	0.87	0.82	-0.15	0.43	0.79	0.66	0.93	0.66	0.51	0.81	0.96	0.97	0.83	0.96	-0.59	-0.59	0.81
Other Current Liab	0.92		0.93	0.91	0.9	0.9	-0.78	0.85	0.94	0.81	0.74	-0.33	0.24	0.87	0.8	0.86	0.8	0.36	0.7	0.98	0.87	0.92	0.88	-0.58	-0.58	0.72
Total Current Liabilities	0.85	0.93		0.84	0.83	0.76	-0.84	0.78	1.0	0.91	0.48	-0.3	0.48	0.83	0.91	0.88	0.9	0.07	0.83	0.89	0.72	0.91	0.72	-0.56	-0.56	0.47
Total Stockholder Equity	1.0	0.91	0.84		0.99	0.98	-0.87	0.99	0.84	0.86	0.81	-0.15	0.43	0.79	0.65	0.93	0.64	0.52	0.82	0.95	0.97	0.83	0.96	-0.59	-0.59	0.81
Net Tangible Assets	0.99	0.9	0.83	0.99		0.98	-0.91	0.97	0.82	0.88	0.81	-0.04	0.47	0.72	0.68	0.92	0.68	0.48	0.84	0.96	0.96	0.77	0.96	-0.6	-0.6	0.79
Property Plant And Equipment Net	0.98	0.9	0.76	0.98	0.98		-0.79	0.96	0.77	0.77	0.91	-0.14	0.27	0.76	0.57	0.88	0.58	0.64	0.71	0.95	1.0	0.79	1.0	-0.59	-0.59	0.9
Net Debt	-0.87	-0.78	-0.84	-0.87	-0.91	-0.79		-0.83	-0.82	-0.98	-0.51	-0.19	-0.77	-0.53	-0.82	-0.87	-0.82	-0.09	-0.97	-0.85	-0.76	-0.63	-0.74	0.56	0.56	-0.46
Retained Earnings	0.98	0.85	0.78	0.99	0.97	0.96	-0.83		0.77	0.82	0.81	-0.17	0.42	0.78	0.55	0.88	0.55	0.58	0.78	0.89	0.96	0.79	0.95	-0.48	-0.48	0.83
Accounts Payable	0.85	0.94	1.0	0.84	0.82	0.77	-0.82	0.77		0.89	0.5	-0.32	0.43	0.85	0.9	0.89	0.9	0.1	0.81	0.89	0.73	0.92	0.73	-0.6	-0.6	0.49
Cash	0.87	0.81	0.91	0.86	0.88	0.77	-0.98	0.82	0.89		0.47	0.07	0.74	0.63	0.85	0.91	0.85	0.06	0.98	0.85	0.74	0.72	0.72	-0.57	-0.57	0.43
Non Current Assets Total	0.82	0.74	0.48	0.81	0.81	0.91	-0.51	0.81	0.5	0.47		-0.16	-0.08	0.64	0.26	0.65	0.27	0.86	0.37	0.8	0.93	0.62	0.94	-0.44	-0.44	0.99
Non Currrent Assets Other	-0.15	-0.33	-0.3	-0.15	-0.04	-0.14	-0.19	-0.17	-0.32	0.07	-0.16		0.45	-0.69	-0.02	-0.18	0.0	-0.27	0.15	-0.14	-0.17	-0.6	-0.17	0.13	0.13	-0.28
Other Assets	0.43	0.24	0.48	0.43	0.47	0.27	-0.77	0.42	0.43	0.74	-0.08	0.45		0.05	0.56	0.5	0.54	-0.36	0.84	0.33	0.24	0.15	0.21	-0.24	-0.24	-0.11
Cash And Short Term Investments	0.79	0.87	0.83	0.79	0.72	0.76	-0.53	0.78	0.85	0.63	0.64	-0.69	0.05		0.55	0.81	0.55	0.46	0.53	0.78	0.77	0.99	0.77	-0.53	-0.53	0.7
Net Receivables	0.66	0.8	0.91	0.65	0.68	0.57	-0.82	0.55	0.9	0.85	0.26	-0.02	0.56	0.55		0.71	1.0	-0.24	0.79	0.78	0.5	0.68	0.51	-0.5	-0.5	0.19
Common Stock Shares Outstanding	0.93	0.86	0.88	0.93	0.92	0.88	-0.87	0.88	0.89	0.91	0.65	-0.18	0.5	0.81	0.71		0.7	0.34	0.88	0.88	0.86	0.85	0.85	-0.78	-0.78	0.65
Inventory	0.66	0.8	0.9	0.64	0.68	0.58	-0.82	0.55	0.9	0.85	0.27	0.0	0.54	0.55	1.0	0.7		-0.23	0.78	0.79	0.5	0.68	0.52	-0.48	-0.48	0.2
Other Current Assets	0.51	0.36	0.07	0.52	0.48	0.64	-0.09	0.58	0.1	0.06	0.86	-0.27	-0.36	0.46	-0.24	0.34	-0.23		0.0	0.41	0.7	0.36	0.7	-0.22	-0.22	0.9
Other Stockholder Equity	0.81	0.7	0.83	0.82	0.84	0.71	-0.97	0.78	0.81	0.98	0.37	0.15	0.84	0.53	0.79	0.88	0.78	0.0		0.76	0.67	0.62	0.65	-0.6	-0.6	0.35
Total Liab	0.96	0.98	0.89	0.95	0.96	0.95	-0.85	0.89	0.89	0.85	0.8	-0.14	0.33	0.78	0.78	0.88	0.79	0.41	0.76		0.92	0.84	0.93	-0.59	-0.59	0.76
Property Plant And Equipment Gross	0.97	0.87	0.72	0.97	0.96	1.0	-0.76	0.96	0.73	0.74	0.93	-0.17	0.24	0.77	0.5	0.86	0.5	0.7	0.67	0.92		0.78	1.0	-0.56	-0.56	0.93
Total Current Assets	0.83	0.92	0.91	0.83	0.77	0.79	-0.63	0.79	0.92	0.72	0.62	-0.6	0.15	0.99	0.68	0.85	0.68	0.36	0.62	0.84	0.78		0.78	-0.57	-0.57	0.66
Property Plant Equipment	0.96	0.88	0.72	0.96	0.96	1.0	-0.74	0.95	0.73	0.72	0.94	-0.17	0.21	0.77	0.51	0.85	0.52	0.7	0.65	0.93	1.0	0.78		-0.57	-0.57	0.93
Common Stock Total Equity	-0.59	-0.58	-0.56	-0.59	-0.6	-0.59	0.56	-0.48	-0.6	-0.57	-0.44	0.13	-0.24	-0.53	-0.5	-0.78	-0.48	-0.22	-0.6	-0.59	-0.56	-0.57	-0.57		1.0	-0.41
Common Stock	-0.59	-0.58	-0.56	-0.59	-0.6	-0.59	0.56	-0.48	-0.6	-0.57	-0.44	0.13	-0.24	-0.53	-0.5	-0.78	-0.48	-0.22	-0.6	-0.59	-0.56	-0.57	-0.57	1.0		-0.41
Other Liab	0.81	0.72	0.47	0.81	0.79	0.9	-0.46	0.83	0.49	0.43	0.99	-0.28	-0.11	0.7	0.19	0.65	0.2	0.9	0.35	0.76	0.93	0.66	0.93	-0.41	-0.41

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Fulgent Genetics Account Relationship Matchups

Fulgent Genetics fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	88.8M	700.5M	1.3B	1.4B	1.3B	1.3B
Other Current Liab	3.6M	62.7M	36.7M	58.4M	49.1M	51.6M
Total Current Liabilities	6.0M	131.1M	112.8M	116.2M	73.0M	49.4M
Total Stockholder Equity	82.8M	569.4M	1.2B	1.3B	1.1B	1.2B
Net Tangible Assets	82.8M	569.4M	1.2B	973.0M	1.1B	1.2B
Property Plant And Equipment Net	6.0M	40.2M	62.3M	81.4M	94.3M	99.0M
Net Debt	(9.3M)	(71.6M)	(164.9M)	(58.9M)	(82.6M)	(78.4M)
Retained Earnings	(63.4M)	150.9M	657.6M	801M	633.2M	664.8M
Accounts Payable	1.6M	26.5M	20.5M	23.1M	15.4M	10.3M
Cash	12.0M	87.4M	164.9M	79.5M	97.5M	50.9M
Non Current Assets Total	12.0M	84.7M	62.3M	480.4M	765.3M	803.5M
Non Currrent Assets Other	(36.8M)	(88.0M)	142.0M	(287.4M)	32.0M	33.6M
Other Assets	251K	44.5M	912.6M	26.6M	1.0	0.95
Cash And Short Term Investments	70.2M	431.9M	164.9M	852.9M	424.2M	227.7M
Net Receivables	6.6M	183.9M	138.9M	52.7M	57.4M	50.2M
Common Stock Shares Outstanding	18.7M	24.1M	31.2M	31.0M	29.8M	23.5M
Liabilities And Stockholders Equity	88.8M	700.5M	1.3B	1.4B	1.3B	1.3B
Inventory	277K	16.5M	12.2M	4.3M	5.8M	4.4M
Other Current Assets	277K	(16.5M)	(12.2M)	22.2M	26.2M	27.6M
Other Stockholder Equity	146.1M	418.1M	1.2B	477.4M	481.3M	332.8M
Total Liab	6.0M	131.1M	112.8M	116.2M	139.8M	146.8M
Property Plant And Equipment Gross	8.6M	41.0M	81.9M	124.6M	135.1M	141.9M
Total Current Assets	76.8M	615.7M	303.8M	905.6M	507.8M	280.8M
Accumulated Other Comprehensive Income	146K	438K	(759K)	(20.9M)	1.2M	1.3M
Property Plant Equipment	8.6M	40.2M	62.3M	98.9M	113.8M	119.4M
Retained Earnings Total Equity	(63.0M)	(63.4M)	150.9M	657.6M	756.2M	794.0M
Short Term Investments	58.3M	344.4M	770.7M	773.4M	326.7M	326.9M
Non Current Liabilities Total	2.3M	959K	7.5M	28.1M	66.8M	70.1M
Capital Surpluse	114.2M	146.1M	418.1M	501.9M	577.2M	606.1M
Long Term Investments	42.8M	132.5M	507.0M	339.0M	444.0M	466.2M
Non Current Liabilities Other	2.3M	959K	7.5M	28.1M	11.0M	6.8M
Net Invested Capital	82.8M	584.4M	1.2B	1.3B	1.1B	688.3M
Net Working Capital	33.4M	393.5M	961.6M	539.8M	434.8M	381.8M

Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Fulgent Genetics in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Fulgent Genetics' short interest history, or implied volatility extrapolated from Fulgent Genetics options trading.

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When determining whether Fulgent Genetics is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Fulgent Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Fulgent Genetics Stock. Highlighted below are key reports to facilitate an investment decision about Fulgent Genetics Stock:

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Is Fulgent Stock a good investment?

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What is Fulgent Genetics' Net Worth?

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Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fulgent Genetics. 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.

For more information on how to buy Fulgent Stock please use our How to Invest in Fulgent Genetics guide.

Note that the Fulgent Genetics information on this page should be used as a complementary analysis to other Fulgent Genetics' 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 Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.

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

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Is Fulgent Genetics' 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 Fulgent Genetics. If investors know Fulgent 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 Fulgent Genetics 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

(0.99)

Earnings Share

(5.63)

Revenue Per Share

9.71

Quarterly Revenue Growth

0.041

Return On Assets

(0.03)

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

Total Stockholder Equity vs Net Debt

Total Stockholder Equity vs Net Debt Correlation Analysis

Correlation Coefficient

Total Stockholder Equity

Net Debt

Fulgent Genetics fundamental ratios Correlations

Fulgent Genetics Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Fulgent Genetics fundamental ratios Accounts

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

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COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Stockholder Equity	+ 1.0	Total Assets
Accounts Payable	+ 1.0	Total Current Liabilities
Property Plant And Equipment Gross	+ 1.0	Property Plant And Equipment Net
Property Plant Equipment	+ 1.0	Property Plant And Equipment Net
Inventory	+ 1.0	Net Receivables
Property Plant Equipment	+ 1.0	Property Plant And Equipment Gross

Cash	- 0.98	Net Debt
Other Stockholder Equity	- 0.97	Net Debt
Net Debt	- 0.91	Net Tangible Assets
Common Stock Shares Outstanding	- 0.87	Net Debt
Net Debt	- 0.87	Total Stockholder Equity
Net Debt	- 0.87	Total Assets