Planet Cash vs Total Current Liabilities Analysis
| PL Stock | USD 2.03 0.05 2.40% |
Planet Labs financial indicator trend analysis is much more than just breaking down Planet Labs PBC prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Planet Labs PBC is a good investment. Please check the relationship between Planet Labs Cash and its Total Current Liabilities accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Planet Labs PBC. 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.
Cash vs Total Current Liabilities
Cash vs Total Current Liabilities Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Planet Labs PBC Cash account and Total Current Liabilities. At this time, the significance of the direction appears to have strong relationship.
The correlation between Planet Labs' Cash and Total Current Liabilities is 0.69. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of Planet Labs PBC, assuming nothing else is changed. The correlation between historical values of Planet Labs' Cash and Total Current Liabilities 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 of Planet Labs PBC are associated (or correlated) with its Total Current Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Liabilities has no effect on the direction of Cash i.e., Planet Labs' Cash and Total Current Liabilities go up and down completely randomly.
Correlation Coefficient | 0.69 |
| Relationship Direction | Positive |
| Relationship Strength | Significant |
Cash
Cash refers to the most liquid asset of Planet Labs PBC, which is listed under current asset account on Planet Labs PBC balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Planet Labs customers. The amounts must be unrestricted with restricted cash listed in a different Planet Labs account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.Total Current Liabilities
Total Current Liabilities is an item on Planet Labs balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Planet Labs PBC 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.Most indicators from Planet Labs' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Planet Labs PBC 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in Planet Labs PBC. 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. At this time, Planet Labs' Tax Provision is quite stable compared to the past year. Issuance Of Capital Stock is expected to rise to about 643.8 M this year, although the value of Sales General And Administrative To Revenue will most likely fall to 0.29.
| 2021 | 2022 | 2023 | 2024 (projected) | Depreciation And Amortization | 42.8M | 51.3M | 47.6M | 45.2M | Interest Income | 3.0M | 7.7M | 15.4M | 11.6M |
Planet Labs fundamental ratios Correlations
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Planet Labs Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Planet Labs PBC. 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. You can also try the ETFs module to find actively traded Exchange Traded Funds (ETF) from around the world.
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When running Planet Labs' price analysis, check to measure Planet Labs' 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 Planet Labs is operating at the current time. Most of Planet Labs' value examination focuses on studying past and present price action to predict the probability of Planet Labs' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Planet Labs' price. Additionally, you may evaluate how the addition of Planet Labs to your portfolios can decrease your overall portfolio volatility.
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Is Planet Labs' 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 Planet Labs. If investors know Planet 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 Planet Labs listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.50) | Revenue Per Share 0.789 | Quarterly Revenue Growth 0.111 | Return On Assets (0.14) | Return On Equity (0.26) |
The market value of Planet Labs PBC is measured differently than its book value, which is the value of Planet that is recorded on the company's balance sheet. Investors also form their own opinion of Planet Labs' value that differs from its market value or its book value, called intrinsic value, which is Planet Labs' 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 Planet Labs' market value can be influenced by many factors that don't directly affect Planet Labs' 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 Planet Labs' value and its price as these two are different measures arrived at by different means. Investors typically determine if Planet Labs is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Planet Labs' 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.