STERIS Cash And Short Term Investments vs Other Current Assets Analysis

STE Stock

USD 226.85 3.63 1.57%

STERIS Plc financial indicator trend analysis is much more than just breaking down STERIS plc prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether STERIS plc is a good investment. Please check the relationship between STERIS Plc Cash And Short Term Investments and its Other Current Assets accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in STERIS plc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

For information on how to trade STERIS Stock refer to our How to Trade STERIS Stock guide.

Cash And Short Term Investments vs Other Current Assets

Cash And Short Term Investments vs Other Current Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of STERIS plc Cash And Short Term Investments account and Other Current Assets. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between STERIS Plc's Cash And Short Term Investments and Other Current Assets is -0.1. Overlapping area represents the amount of variation of Cash And Short Term Investments that can explain the historical movement of Other Current Assets in the same time period over historical financial statements of STERIS plc, assuming nothing else is changed. The correlation between historical values of STERIS Plc's Cash And Short Term Investments and Other 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 Cash And Short Term Investments of STERIS plc are associated (or correlated) with its Other Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Assets has no effect on the direction of Cash And Short Term Investments i.e., STERIS Plc's Cash And Short Term Investments and Other Current Assets go up and down completely randomly.

Correlation Coefficient

-0.1

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Cash And Short Term Investments

Short Term Investments is an account in the current assets section of STERIS plc balance sheet. This account contains STERIS Plc investments that will expire within one year. These investments include stocks and bonds that can be liquidated by STERIS plc fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.

Other Current Assets

Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.

Most indicators from STERIS Plc's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into STERIS plc 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 World Market Map to better understand how to build diversified portfolios, which includes a position in STERIS plc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

For information on how to trade STERIS Stock refer to our How to Trade STERIS Stock guide.At present, STERIS Plc's Enterprise Value Over EBITDA is projected to slightly decrease based on the last few years of reporting. The current year's Enterprise Value Multiple is expected to grow to 22.32, whereas Tax Provision is forecasted to decline to about 92.3 M.

	2021	2022	2023	2024 (projected)
Total Revenue	4.6B	5.0B	5.1B	5.4B
Depreciation And Amortization	553.1M	982.1M	565.2M	593.5M

Total Revenue Depreciation And Amortization

STERIS Plc fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Intangible Assets	Non Currrent Assets Other	Common Stock	Other Liab	Other Assets
Total Assets		0.99	0.96	0.99	1.0	0.98	0.98	0.87	0.97	0.48	1.0	0.48	0.97	0.78	0.99	0.95	0.67	0.61	1.0	0.93	0.85	0.94	0.92	0.99	0.97	0.31
Short Long Term Debt Total	0.99		0.95	0.97	0.98	0.97	1.0	0.84	0.96	0.4	0.98	0.4	0.96	0.72	1.0	0.96	0.74	0.58	0.99	0.95	0.87	0.93	0.87	0.98	0.96	0.2
Other Current Liab	0.96	0.95		0.97	0.96	0.98	0.94	0.92	0.96	0.49	0.94	0.49	0.99	0.81	0.94	0.91	0.73	0.55	0.95	0.95	0.78	0.82	0.92	0.93	0.89	0.24
Total Current Liabilities	0.99	0.97	0.97		0.98	0.98	0.97	0.92	0.97	0.47	0.97	0.47	0.98	0.78	0.98	0.97	0.71	0.5	0.98	0.96	0.83	0.91	0.93	0.96	0.95	0.29
Total Stockholder Equity	1.0	0.98	0.96	0.98		0.99	0.97	0.88	0.96	0.5	0.99	0.5	0.97	0.79	0.99	0.94	0.66	0.64	0.99	0.93	0.84	0.93	0.93	0.99	0.96	0.34
Property Plant And Equipment Net	0.98	0.97	0.98	0.98	0.99		0.96	0.91	0.97	0.51	0.98	0.51	0.99	0.81	0.97	0.93	0.66	0.62	0.97	0.93	0.77	0.88	0.94	0.96	0.92	0.33
Net Debt	0.98	1.0	0.94	0.97	0.97	0.96		0.82	0.95	0.35	0.97	0.35	0.96	0.69	0.99	0.97	0.76	0.58	0.99	0.95	0.86	0.93	0.85	0.98	0.96	0.17
Retained Earnings	0.87	0.84	0.92	0.92	0.88	0.91	0.82		0.91	0.51	0.85	0.51	0.92	0.81	0.85	0.87	0.61	0.32	0.86	0.87	0.66	0.75	0.88	0.8	0.8	0.32
Accounts Payable	0.97	0.96	0.96	0.97	0.96	0.97	0.95	0.91		0.48	0.95	0.48	0.99	0.82	0.96	0.96	0.66	0.49	0.97	0.94	0.79	0.89	0.93	0.94	0.89	0.33
Cash	0.48	0.4	0.49	0.47	0.5	0.51	0.35	0.51	0.48		0.52	1.0	0.45	0.81	0.45	0.3	-0.1	0.36	0.45	0.3	0.45	0.43	0.55	0.45	0.43	0.65
Non Current Assets Total	1.0	0.98	0.94	0.97	0.99	0.98	0.97	0.85	0.95	0.52		0.52	0.95	0.79	0.99	0.93	0.6	0.65	0.99	0.9	0.85	0.95	0.92	0.99	0.97	0.39
Cash And Short Term Investments	0.48	0.4	0.49	0.47	0.5	0.51	0.35	0.51	0.48	1.0	0.52		0.45	0.81	0.45	0.3	-0.1	0.36	0.45	0.3	0.45	0.43	0.55	0.45	0.43	0.65
Net Receivables	0.97	0.96	0.99	0.98	0.97	0.99	0.96	0.92	0.99	0.45	0.95	0.45		0.81	0.96	0.95	0.74	0.53	0.96	0.97	0.78	0.85	0.93	0.94	0.89	0.25
Common Stock Shares Outstanding	0.78	0.72	0.81	0.78	0.79	0.81	0.69	0.81	0.82	0.81	0.79	0.81	0.81		0.74	0.67	0.29	0.44	0.75	0.67	0.64	0.67	0.84	0.73	0.66	0.58
Non Current Liabilities Total	0.99	1.0	0.94	0.98	0.99	0.97	0.99	0.85	0.96	0.45	0.99	0.45	0.96	0.74		0.96	0.67	0.59	1.0	0.93	0.87	0.96	0.89	0.99	0.97	0.28
Inventory	0.95	0.96	0.91	0.97	0.94	0.93	0.97	0.87	0.96	0.3	0.93	0.3	0.95	0.67	0.96		0.76	0.42	0.97	0.96	0.81	0.92	0.87	0.93	0.92	0.19
Other Current Assets	0.67	0.74	0.73	0.71	0.66	0.66	0.76	0.61	0.66	-0.1	0.6	-0.1	0.74	0.29	0.67	0.76		0.25	0.68	0.88	0.56	0.52	0.52	0.67	0.65	-0.44
Other Stockholder Equity	0.61	0.58	0.55	0.5	0.64	0.62	0.58	0.32	0.49	0.36	0.65	0.36	0.53	0.44	0.59	0.42	0.25		0.58	0.44	0.4	0.52	0.58	0.68	0.59	0.35
Total Liab	1.0	0.99	0.95	0.98	0.99	0.97	0.99	0.86	0.97	0.45	0.99	0.45	0.96	0.75	1.0	0.97	0.68	0.58		0.94	0.86	0.95	0.9	0.99	0.97	0.29
Total Current Assets	0.93	0.95	0.95	0.96	0.93	0.93	0.95	0.87	0.94	0.3	0.9	0.3	0.97	0.67	0.93	0.96	0.88	0.44	0.94		0.78	0.81	0.84	0.91	0.88	0.02
Short Term Debt	0.85	0.87	0.78	0.83	0.84	0.77	0.86	0.66	0.79	0.45	0.85	0.45	0.78	0.64	0.87	0.81	0.56	0.4	0.86	0.78		0.89	0.7	0.86	0.89	0.2
Intangible Assets	0.94	0.93	0.82	0.91	0.93	0.88	0.93	0.75	0.89	0.43	0.95	0.43	0.85	0.67	0.96	0.92	0.52	0.52	0.95	0.81	0.89		0.82	0.94	0.96	0.38
Non Currrent Assets Other	0.92	0.87	0.92	0.93	0.93	0.94	0.85	0.88	0.93	0.55	0.92	0.55	0.93	0.84	0.89	0.87	0.52	0.58	0.9	0.84	0.7	0.82		0.9	0.85	0.54
Common Stock	0.99	0.98	0.93	0.96	0.99	0.96	0.98	0.8	0.94	0.45	0.99	0.45	0.94	0.73	0.99	0.93	0.67	0.68	0.99	0.91	0.86	0.94	0.9		0.97	0.3
Other Liab	0.97	0.96	0.89	0.95	0.96	0.92	0.96	0.8	0.89	0.43	0.97	0.43	0.89	0.66	0.97	0.92	0.65	0.59	0.97	0.88	0.89	0.96	0.85	0.97		0.28
Other Assets	0.31	0.2	0.24	0.29	0.34	0.33	0.17	0.32	0.33	0.65	0.39	0.65	0.25	0.58	0.28	0.19	-0.44	0.35	0.29	0.02	0.2	0.38	0.54	0.3	0.28

Click cells to compare fundamentals

STERIS Plc Account Relationship Matchups

STERIS Plc fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	5.4B	6.6B	11.5B	10.8B	11.1B	11.6B
Short Long Term Debt Total	1.2B	1.7B	3.1B	3.0B	3.4B	3.6B
Other Current Liab	281.2M	335.7M	406.3M	395.0M	491.8M	516.4M
Total Current Liabilities	503.6M	577.9M	922.2M	861.8M	931.1M	977.7M
Total Stockholder Equity	3.4B	3.9B	6.5B	6.1B	6.3B	6.6B
Property Plant And Equipment Net	1.2B	1.4B	1.7B	1.9B	1.9B	2.0B
Net Debt	830.9M	1.4B	2.8B	2.8B	3.2B	3.3B
Retained Earnings	1.6B	1.9B	2.0B	1.9B	2.1B	2.2B
Accounts Payable	149.3M	157.0M	225.7M	279.6M	251.7M	264.3M
Cash	319.6M	220.5M	348.3M	208.4M	207.0M	126.3M
Non Current Assets Total	4.2B	5.4B	9.6B	8.8B	8.2B	8.6B
Cash And Short Term Investments	319.6M	220.5M	348.3M	208.4M	207.0M	126.3M
Net Receivables	586.5M	609.4M	799.0M	928.3M	1.0B	1.1B
Common Stock Shares Outstanding	85.6M	85.9M	98.3M	100.2M	99.4M	73.9M
Liabilities And Stockholders Equity	5.4B	6.6B	11.5B	10.8B	11.1B	11.6B
Non Current Liabilities Total	1.5B	2.1B	4.0B	3.9B	3.8B	4.0B
Inventory	248.3M	315.1M	575.0M	695.5M	674.5M	708.3M
Other Current Assets	54.4M	66.8M	156.6M	179.3M	979.3M	1.0B
Other Stockholder Equity	12.8M	10.5M	12.3M	10.0M	9.0M	8.5M
Total Liab	2.0B	2.7B	4.9B	4.7B	4.7B	5.0B
Total Current Assets	1.2B	1.2B	1.9B	2.0B	2.9B	3.0B
Short Term Debt	19.8M	22.8M	179.3M	95.0M	117.2M	123.0M
Intangible Assets	565.5M	898.4M	3.3B	3.0B	2.1B	2.2B
Non Currrent Assets Other	51.6M	52.7M	70.7M	78.1M	66.2M	69.5M
Accumulated Other Comprehensive Income	(235.5M)	(61.2M)	(209.8M)	(320.7M)	(328.7M)	(312.2M)
Common Stock	2.0B	2.0B	4.7B	4.5B	4.5B	4.8B
Other Liab	250.6M	454.5M	1.0B	693.7M	797.7M	837.6M
Other Assets	51.6M	52.7M	70.7M	78.1M	1.0	0.95
Long Term Debt	1.2B	1.7B	2.9B	3.0B	3.1B	3.3B
Good Will	2.4B	3.0B	4.4B	3.9B	4.1B	4.3B
Property Plant Equipment	1.2B	1.2B	1.7B	1.7B	2.0B	2.1B
Current Deferred Revenue	53.3M	62.5M	110.8M	92.3M	70.5M	68.8M
Common Stock Total Equity	2.0B	2.0B	2.0B	4.5B	5.2B	5.4B
Property Plant And Equipment Gross	1.2B	1.4B	1.7B	1.7B	3.5B	3.7B
Net Tangible Assets	472.3M	854.9M	(1.2B)	2.2B	2.5B	2.7B
Long Term Debt Total	1.2B	1.7B	2.9B	3.0B	3.5B	1.8B
Deferred Long Term Liab	151.0M	160.3M	236.9M	617.5M	710.2M	745.7M

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Additional Information and Resources on Investing in STERIS Stock

When determining whether STERIS plc is a strong investment it is important to analyze STERIS Plc'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 STERIS Plc's future performance. For an informed investment choice regarding STERIS Stock, refer to the following important reports:

How To Invest In STERIS

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Is STERIS Stock a good investment?

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What is STERIS Plc's Net Worth?

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Largest Health Care Equipment & Supplies Companies

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Check out World Market Map to better understand how to build diversified portfolios, which includes a position in STERIS plc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

For information on how to trade STERIS Stock refer to our How to Trade STERIS Stock guide.

You can also try the Top Crypto Exchanges module to search and analyze digital assets across top global cryptocurrency exchanges.

Is Health Care Equipment & Supplies space 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 STERIS Plc. If investors know STERIS 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 STERIS Plc 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

0.145

Dividend Share

2.03

Earnings Share

5.56

Revenue Per Share

52.018

Quarterly Revenue Growth

0.025

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

Cash And Short Term Investments vs Other Current Assets

Cash And Short Term Investments vs Other Current Assets Correlation Analysis

Correlation Coefficient

Cash And Short Term Investments

Other Current Assets

STERIS Plc fundamental ratios Correlations

STERIS Plc Account Relationship Matchups

High Positive Relationship

High Negative Relationship

STERIS Plc fundamental ratios Accounts

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Additional Information and Resources on Investing in STERIS Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Stockholder Equity	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Assets
Net Debt	+ 1.0	Short Long Term Debt Total
Non Current Liabilities Total	+ 1.0	Short Long Term Debt Total
Cash And Short Term Investments	+ 1.0	Cash

Other Assets	- 0.44	Other Current Assets
Other Current Assets	- 0.1	Cash And Short Term Investments
Other Current Assets	- 0.1	Cash