Globe Total Assets vs Total Current Assets Analysis
GL Stock | USD 76.17 1.92 2.46% |
Globe Life financial indicator trend analysis is much more than just examining Globe Life latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Globe Life is a good investment. Please check the relationship between Globe Life Total Assets and its Total Current Assets accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Globe Life. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis. For more information on how to buy Globe Stock please use our How to buy in Globe Stock guide.
Total Assets vs Total Current Assets
Total Assets vs Total Current Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Globe Life Total Assets account and Total Current Assets. At this time, the significance of the direction appears to have weak relationship.
The correlation between Globe Life's Total Assets and Total Current Assets is 0.32. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Total Current Assets in the same time period over historical financial statements of Globe Life, assuming nothing else is changed. The correlation between historical values of Globe Life's Total Assets and Total Current Assets 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 Assets of Globe Life are associated (or correlated) with its Total Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Assets has no effect on the direction of Total Assets i.e., Globe Life's Total Assets and Total Current Assets go up and down completely randomly.
Correlation Coefficient | 0.32 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Total Assets
Total assets refers to the total amount of Globe Life assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Globe Life books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.Total Current Assets
The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.Most indicators from Globe Life's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Globe Life 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Globe Life. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis. For more information on how to buy Globe Stock please use our How to buy in Globe Stock guide.At this time, Globe Life's Tax Provision is quite stable compared to the past year. Enterprise Value is expected to rise to about 14.3 B this year, although the value of Selling General Administrative will most likely fall to about 288.6 M.
2021 | 2022 | 2023 | 2024 (projected) | Total Revenue | 5.1B | 5.2B | 5.4B | 3.3B | Interest Expense | 83.5M | 90.4M | 102.3M | 71.3M |
Globe Life fundamental ratios Correlations
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Globe Life Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Globe Life fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 26.0B | 29.0B | 29.8B | 25.5B | 28.1B | 16.0B | |
Short Long Term Debt Total | 1.6B | 1.9B | 2.0B | 2.1B | 2.1B | 1.1B | |
Total Stockholder Equity | 7.3B | 8.8B | 8.6B | 4.9B | 4.5B | 3.5B | |
Net Debt | 1.6B | 1.8B | 1.9B | 2.0B | 2.0B | 1.1B | |
Retained Earnings | 5.6B | 5.9B | 6.2B | 6.5B | 7.5B | 7.9B | |
Common Stock Shares Outstanding | 111.4M | 107.2M | 103.2M | 99.0M | 96.4M | 91.5M | |
Liabilities And Stockholders Equity | 26.0B | 29.0B | 29.8B | 25.5B | 28.1B | 16.0B | |
Non Current Liabilities Total | 1.3B | 1.7B | 1.5B | 16.2B | 22.1B | 23.2B | |
Other Stockholder Equity | (219.1M) | (245.5M) | (326.1M) | (259.9M) | (321.8M) | (305.7M) | |
Total Liab | 18.7B | 20.3B | 21.1B | 20.6B | 23.6B | 12.1B | |
Other Current Liab | (298.7M) | (254.9M) | (479.6M) | 430.0M | 1.0B | 959.0M | |
Total Current Liabilities | 298.7M | 254.9M | 479.6M | 1.1B | 1.5B | 1.4B | |
Property Plant And Equipment Net | 161M | 186M | 205M | 212M | 239.9M | 251.9M | |
Non Current Assets Total | 19.5B | 21.9B | 22.1B | 481.8M | 26.9B | 28.2B | |
Non Currrent Assets Other | (1.5B) | (1.8B) | (1.8B) | (17.5B) | 24.5B | 25.8B | |
Short Term Debt | 298.7M | 254.9M | 479.6M | 449.1M | 486.1M | 301.9M | |
Common Stock | 117.2M | 113.2M | 109.2M | 105.2M | 102.2M | 121.0M | |
Cash | 75.9M | 94.8M | 92.2M | 92.6M | 103.2M | 70.9M | |
Cash And Short Term Investments | 19.0B | 21.4B | 21.5B | 16.7B | 18.1B | 19.0B | |
Net Receivables | 441.7M | 474.2M | 487.4M | 484.9M | 630.2M | 661.7M | |
Common Stock Total Equity | 117.2M | 113.2M | 109.2M | 105.2M | 121.0M | 122.7M | |
Short Term Investments | 18.9B | 21.3B | 21.4B | 16.6B | 191.6M | 182.0M | |
Other Current Assets | 887.8M | 998.2M | 999.8M | 1.1B | 1.2B | 1.1B | |
Property Plant And Equipment Gross | 108M | 135M | 161M | 186M | 213.9M | 224.6M | |
Total Current Assets | 19.5B | 21.9B | 22.0B | 206.7M | 1.2B | 1.1B | |
Accumulated Other Comprehensive Income | 1.8B | 3.0B | 2.7B | (1.4B) | (2.8B) | (2.6B) | |
Other Assets | (13.0B) | (14.8B) | (14.2B) | 24.8B | 26.3B | 27.6B | |
Accounts Payable | 1.5B | 1.8B | 1.8B | (430.0M) | (494.5M) | (469.8M) | |
Net Tangible Assets | 6.9B | 8.3B | 8.1B | 4.4B | 5.1B | 5.9B | |
Long Term Debt | 1.3B | 1.7B | 1.5B | 1.6B | 1.6B | 1.4B | |
Retained Earnings Total Equity | 5.6B | 5.9B | 6.2B | 6.5B | 7.4B | 5.3B | |
Long Term Debt Total | 1.3B | 1.7B | 1.5B | 1.6B | 1.9B | 1.4B | |
Capital Surpluse | 531.6M | 527.4M | 520.6M | 529.7M | 609.1M | 551.8M | |
Long Term Investments | 20.1B | 22.7B | 23.0B | 18.5B | 18.0B | 19.6B | |
Treasury Stock | (750.6M) | (772.9M) | (846.7M) | (789.5M) | (710.6M) | (746.1M) | |
Non Current Liabilities Other | 15.6B | 16.5B | 17.3B | 17.9B | 20.6B | 16.5B | |
Other Liab | 15.1B | 16.0B | 16.9B | 17.4B | 20.0B | 16.8B | |
Short Long Term Debt | 298.7M | 254.9M | 479.6M | 449.1M | 486.1M | 381.2M |
Globe Life Investors Sentiment
The influence of Globe Life's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Globe. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Globe Life's public news can be used to forecast risks associated with an investment in Globe. The trend in average sentiment can be used to explain how an investor holding Globe can time the market purely based on public headlines and social activities around Globe Life. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Globe Life's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Globe Life's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Globe Life's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Globe Life.
Globe Life Implied Volatility | 159.25 |
Globe Life's implied volatility exposes the market's sentiment of Globe Life stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Globe Life's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Globe Life stock will not fluctuate a lot when Globe Life's options are near their expiration.
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 Globe Life 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, Globe Life's short interest history, or implied volatility extrapolated from Globe Life options trading.
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Try AI Portfolio ArchitectCheck out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Globe Life. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis. For more information on how to buy Globe Stock please use our How to buy in Globe Stock guide.You can also try the Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.
Complementary Tools for Globe Stock analysis
When running Globe Life's price analysis, check to measure Globe Life'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 Globe Life is operating at the current time. Most of Globe Life's value examination focuses on studying past and present price action to predict the probability of Globe Life's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Globe Life's price. Additionally, you may evaluate how the addition of Globe Life to your portfolios can decrease your overall portfolio volatility.
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Is Globe Life'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 Globe Life. If investors know Globe 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 Globe Life 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 0.171 | Dividend Share 0.675 | Earnings Share 10.46 | Revenue Per Share 58.678 | Quarterly Revenue Growth 0.072 |
The market value of Globe Life is measured differently than its book value, which is the value of Globe that is recorded on the company's balance sheet. Investors also form their own opinion of Globe Life's value that differs from its market value or its book value, called intrinsic value, which is Globe Life'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 Globe Life's market value can be influenced by many factors that don't directly affect Globe Life'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 Globe Life's value and its price as these two are different measures arrived at by different means. Investors typically determine if Globe Life is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Globe Life'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.