Abbott Total Stockholder Equity vs Net Tangible Assets Analysis
ABT Stock | USD 107.20 0.33 0.31% |
Abbott Laboratories financial indicator trend analysis is way more than just evaluating Abbott Laboratories prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Abbott Laboratories is a good investment. Please check the relationship between Abbott Laboratories Total Stockholder Equity and its Net Tangible Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Abbott Laboratories. 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 labor statistics. For more information on how to buy Abbott Stock please use our How to Invest in Abbott Laboratories guide.
Total Stockholder Equity vs Net Tangible Assets
Total Stockholder Equity vs Net Tangible Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Abbott Laboratories Total Stockholder Equity account and Net Tangible Assets. At this time, the significance of the direction appears to have no relationship.
The correlation between Abbott Laboratories' Total Stockholder Equity and Net Tangible Assets is 0.01. Overlapping area represents the amount of variation of Total Stockholder Equity that can explain the historical movement of Net Tangible Assets in the same time period over historical financial statements of Abbott Laboratories, assuming nothing else is changed. The correlation between historical values of Abbott Laboratories' Total Stockholder Equity and Net Tangible 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 Stockholder Equity of Abbott Laboratories are associated (or correlated) with its Net Tangible Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Tangible Assets has no effect on the direction of Total Stockholder Equity i.e., Abbott Laboratories' Total Stockholder Equity and Net Tangible Assets go up and down completely randomly.
Correlation Coefficient | 0.01 |
Relationship Direction | Positive |
Relationship Strength | Insignificant |
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 Tangible Assets
The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.Most indicators from Abbott Laboratories' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Abbott Laboratories 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 Abbott Laboratories. 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 labor statistics. For more information on how to buy Abbott Stock please use our How to Invest in Abbott Laboratories guide.At this time, Abbott Laboratories' Enterprise Value Over EBITDA is comparatively stable compared to the past year. Enterprise Value Multiple is likely to gain to 19.89 in 2024, whereas Tax Provision is likely to drop slightly above 949.8 M in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 24.5B | 24.5B | 22.1B | 12.5B | Total Revenue | 43.1B | 43.7B | 40.1B | 22.2B |
Abbott Laboratories fundamental ratios Correlations
Click cells to compare fundamentals
Abbott Laboratories Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Abbott Laboratories fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 67.9B | 72.5B | 75.2B | 74.4B | 73.2B | 36.9B | |
Short Long Term Debt Total | 18.9B | 19.6B | 19.0B | 17.7B | 15.9B | 9.8B | |
Other Current Liab | 6.1B | 7.7B | 7.9B | 8.6B | 7.7B | 8.1B | |
Total Current Liabilities | 10.9B | 11.9B | 13.1B | 15.5B | 13.8B | 8.3B | |
Total Stockholder Equity | 31.1B | 32.8B | 35.8B | 36.7B | 38.6B | 40.5B | |
Property Plant And Equipment Net | 8.0B | 9.0B | 9.0B | 9.2B | 11.3B | 6.2B | |
Net Debt | 15.0B | 12.8B | 9.2B | 7.8B | 9.0B | 6.1B | |
Retained Earnings | 25.8B | 27.6B | 31.5B | 35.3B | 37.6B | 39.4B | |
Cash | 3.9B | 6.8B | 9.8B | 9.9B | 6.9B | 3.7B | |
Non Current Assets Total | 52.2B | 52.1B | 51.0B | 49.2B | 50.5B | 53.1B | |
Non Currrent Assets Other | 52.2B | 3.7B | 5.2B | 6.0B | 6.0B | 3.0B | |
Cash And Short Term Investments | 4.1B | 7.1B | 10.2B | 10.2B | 7.3B | 4.3B | |
Net Receivables | 5.4B | 6.4B | 6.5B | 8.9B | 6.6B | 3.9B | |
Common Stock Shares Outstanding | 1.8B | 1.8B | 1.8B | 1.8B | 1.8B | 1.3B | |
Liabilities And Stockholders Equity | 67.9B | 72.5B | 75.2B | 74.4B | 73.2B | 36.9B | |
Non Current Liabilities Total | 25.7B | 27.6B | 26.1B | 22.0B | 20.5B | 11.7B | |
Inventory | 4.3B | 5.0B | 5.2B | 6.2B | 6.6B | 6.9B | |
Other Current Assets | 1.8B | 1.9B | 2.3B | 2.7B | 2.3B | 2.2B | |
Other Stockholder Equity | (10.1B) | (10.0B) | (11.8B) | (15.2B) | (16.0B) | (16.8B) | |
Total Liab | 36.6B | 39.5B | 39.2B | 37.5B | 34.4B | 20.0B | |
Property Plant And Equipment Gross | 8.0B | 9.0B | 19.4B | 20.2B | 21.9B | 23.0B | |
Total Current Assets | 15.7B | 20.4B | 24.2B | 25.2B | 22.7B | 13.3B | |
Accumulated Other Comprehensive Income | (8.5B) | (8.9B) | (8.4B) | (8.1B) | (7.8B) | (7.4B) | |
Short Term Debt | 207M | 1.5B | 220M | 754M | 2.3B | 2.0B | |
Accounts Payable | 3.3B | 3.9B | 4.4B | 4.6B | 4.3B | 4.5B | |
Common Stock Total Equity | 23.9B | 24.1B | 24.5B | 24.7B | 28.4B | 29.8B | |
Short Term Investments | 280M | 310M | 450M | 288M | 383M | 757.2M | |
Common Stock | 23.9B | 24.1B | 24.5B | 24.7B | 24.9B | 23.6B | |
Intangible Assets | 17.0B | 14.8B | 12.7B | 10.5B | 8.8B | 9.1B | |
Other Liab | 8.3B | 8.2B | 7.8B | 6.6B | 7.6B | 5.7B | |
Other Assets | 2.4B | 2.8B | 4.1B | 4.9B | 5.7B | 5.9B | |
Long Term Debt | 16.7B | 18.5B | 17.3B | 14.5B | 13.6B | 12.0B | |
Treasury Stock | (10.0B) | (10.1B) | (10.0B) | (11.8B) | (10.6B) | (10.1B) | |
Property Plant Equipment | 8.0B | 9.0B | 9.0B | 9.2B | 10.5B | 7.7B | |
Good Will | 23.2B | 23.7B | 23.2B | 22.8B | 23.7B | 15.5B | |
Net Tangible Assets | (70M) | 3.4B | (2.2B) | 11.0B | 9.9B | 10.4B | |
Noncontrolling Interest In Consolidated Entity | 198M | 213M | 219M | 222M | 251.9M | 163.8M | |
Retained Earnings Total Equity | 25.8B | 27.6B | 31.5B | 35.3B | 40.5B | 27.2B | |
Long Term Debt Total | 16.7B | 18.5B | 17.3B | 14.5B | 16.7B | 15.8B |
Pair Trading with Abbott Laboratories
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 Abbott Laboratories 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 Abbott Laboratories will appreciate offsetting losses from the drop in the long position's value.Moving together with Abbott Stock
0.61 | DHR | Danaher | PairCorr |
Moving against Abbott Stock
0.63 | VALN | Valneva SE ADR Financial Report 2nd of May 2024 | PairCorr |
0.55 | GCTK | GlucoTrack | PairCorr |
0.47 | SNDA | Sonida Senior Living | PairCorr |
0.43 | JYNT | Joint Corp Financial Report 2nd of May 2024 | PairCorr |
0.41 | WST | West Pharmaceutical | PairCorr |
The ability to find closely correlated positions to Abbott Laboratories could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Abbott Laboratories 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 Abbott Laboratories - 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 Abbott Laboratories to buy it.
The correlation of Abbott Laboratories 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 Abbott Laboratories moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Abbott Laboratories 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 Abbott Laboratories 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.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Abbott Laboratories. 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 labor statistics. For more information on how to buy Abbott Stock please use our How to Invest in Abbott Laboratories guide.Note that the Abbott Laboratories information on this page should be used as a complementary analysis to other Abbott Laboratories' 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 Insider Screener module to find insiders across different sectors to evaluate their impact on performance.
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Is Abbott Laboratories' 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 Abbott Laboratories. If investors know Abbott 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 Abbott Laboratories 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 (0.07) | Dividend Share 2.12 | Earnings Share 3.22 | Revenue Per Share 23.183 | Quarterly Revenue Growth 0.022 |
The market value of Abbott Laboratories is measured differently than its book value, which is the value of Abbott that is recorded on the company's balance sheet. Investors also form their own opinion of Abbott Laboratories' value that differs from its market value or its book value, called intrinsic value, which is Abbott Laboratories' 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 Abbott Laboratories' market value can be influenced by many factors that don't directly affect Abbott Laboratories' 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 Abbott Laboratories' value and its price as these two are different measures arrived at by different means. Investors typically determine if Abbott Laboratories is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Abbott Laboratories' 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.