ServiceNow Interest Expense vs Operating Income Analysis
NOW Stock | USD 765.05 7.04 0.93% |
ServiceNow financial indicator trend analysis is much more than just breaking down ServiceNow prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether ServiceNow is a good investment. Please check the relationship between ServiceNow Interest Expense and its Operating Income accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in ServiceNow. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons. For more information on how to buy ServiceNow Stock please use our How to Invest in ServiceNow guide.
Interest Expense vs Operating Income
Interest Expense vs Operating Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of ServiceNow Interest Expense account and Operating Income. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between ServiceNow's Interest Expense and Operating Income is -0.04. Overlapping area represents the amount of variation of Interest Expense that can explain the historical movement of Operating Income in the same time period over historical financial statements of ServiceNow, assuming nothing else is changed. The correlation between historical values of ServiceNow's Interest Expense and Operating Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Interest Expense of ServiceNow are associated (or correlated) with its Operating Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Operating Income has no effect on the direction of Interest Expense i.e., ServiceNow's Interest Expense and Operating Income go up and down completely randomly.
Correlation Coefficient | -0.04 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Interest Expense
The cost incurred by an entity for borrowed funds, including loans, bonds, or lines of credit.Operating Income
Operating Income is the amount of profit realized from ServiceNow operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of ServiceNow is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.Most indicators from ServiceNow's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into ServiceNow 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in ServiceNow. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons. For more information on how to buy ServiceNow Stock please use our How to Invest in ServiceNow guide.At this time, ServiceNow's Selling General Administrative is fairly stable compared to the past year. Enterprise Value is likely to climb to about 100.9 B in 2024, despite the fact that Tax Provision is likely to grow to (704.9 M).
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 4.5B | 5.7B | 7.1B | 7.4B | Total Revenue | 5.9B | 7.2B | 9.0B | 9.4B |
ServiceNow fundamental ratios Correlations
Click cells to compare fundamentals
ServiceNow Account Relationship Matchups
ServiceNow fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Common Stock Shares Outstanding | 197.2M | 202.5M | 203.2M | 203.5M | 205.6M | 156.9M | |
Total Assets | 6.0B | 8.7B | 10.8B | 13.3B | 17.4B | 18.3B | |
Other Current Liab | 461.4M | 668.1M | 850M | 975M | 1.4B | 1.4B | |
Total Current Liabilities | 2.8B | 3.7B | 4.9B | 6.0B | 7.4B | 7.7B | |
Total Stockholder Equity | 2.1B | 2.8B | 3.7B | 5.0B | 7.6B | 8.0B | |
Other Liab | 63.5M | 80.5M | 114M | 126M | 144.9M | 152.1M | |
Property Plant And Equipment Net | 870.5M | 1.1B | 1.4B | 1.7B | 2.1B | 2.2B | |
Current Deferred Revenue | 2.2B | 3.0B | 3.8B | 4.7B | 5.8B | 6.1B | |
Net Debt | 355.1M | 458.4M | 486M | 762M | 387M | 229.0M | |
Retained Earnings | (352.2M) | (233.7M) | (4M) | 338M | 2.1B | 2.2B | |
Accounts Payable | 53.0M | 34.2M | 89M | 274M | 126M | 132.3M | |
Cash | 775.8M | 1.7B | 1.7B | 1.5B | 1.9B | 2.0B | |
Non Current Assets Total | 3.2B | 4.2B | 5.6B | 6.6B | 9.6B | 10.1B | |
Non Currrent Assets Other | 411.4M | 544.1M | 835M | 1.1B | 1.4B | 1.4B | |
Other Assets | 988.7M | 3.1B | 1.5B | 1.7B | 2.0B | 2.1B | |
Cash And Short Term Investments | 1.7B | 3.1B | 3.3B | 4.3B | 4.9B | 5.1B | |
Net Receivables | 835.3M | 1.0B | 1.4B | 1.7B | 2.0B | 2.1B | |
Common Stock Total Equity | 174K | 180K | 189K | 196K | 225.4K | 151.9K | |
Short Term Investments | 915.3M | 1.4B | 1.6B | 2.8B | 3.0B | 3.1B | |
Liabilities And Stockholders Equity | 6.0B | 8.7B | 10.8B | 13.3B | 17.4B | 18.3B | |
Non Current Liabilities Total | 1.1B | 2.1B | 2.2B | 2.3B | 2.4B | 2.5B | |
Inventory | 175.0M | 228.9M | 303M | 369M | 461M | 484.1M | |
Other Current Assets | 125.5M | 191.5M | 223M | 280M | 403M | 423.2M | |
Other Stockholder Equity | 2.5B | 3.0B | 3.7B | 4.8B | 5.6B | 5.9B | |
Total Liab | 3.9B | 5.9B | 7.1B | 8.3B | 9.8B | 10.2B | |
Property Plant And Equipment Gross | 870.5M | 1.1B | 1.4B | 1.7B | 3.4B | 3.5B | |
Total Current Assets | 2.8B | 4.5B | 5.2B | 6.7B | 7.8B | 8.2B | |
Accumulated Other Comprehensive Income | 25.3M | 94.2M | 34M | (102M) | (37M) | (35.2M) | |
Short Term Debt | 52.7M | 72.2M | 174M | 96M | 89M | 133.0M | |
Common Stock | 189K | 196K | 3.7B | 202.8K | 233.2K | 221.6K | |
Property Plant Equipment | 468.1M | 659.6M | 1.4B | 1.7B | 2.0B | 2.1B | |
Short Long Term Debt Total | 1.1B | 2.1B | 2.2B | 2.2B | 2.3B | 1.3B | |
Net Tangible Assets | 1.8B | 2.4B | 2.6B | 4.0B | 4.6B | 4.8B | |
Long Term Debt | 695.0M | 1.6B | 1.5B | 1.5B | 1.5B | 909.9M | |
Good Will | 156.8M | 240.8M | 777M | 824M | 1.2B | 1.3B | |
Retained Earnings Total Equity | (978.8M) | (352.2M) | (233.7M) | (4M) | (3.6M) | (3.8M) | |
Capital Surpluse | 2.5B | 3.0B | 3.7B | 4.8B | 5.5B | 5.8B | |
Deferred Long Term Liab | 333.4M | 444.1M | 623M | 742M | 853.3M | 896.0M | |
Non Current Liabilities Other | 446.7M | 503.3M | 670M | 56M | 118M | 187.4M |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.C | Citigroup | |
CRM | Salesforce | |
MSFT | Microsoft |
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in ServiceNow. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons. For more information on how to buy ServiceNow Stock please use our How to Invest in ServiceNow guide.You can also try the Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.
Complementary Tools for ServiceNow Stock analysis
When running ServiceNow's price analysis, check to measure ServiceNow'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 ServiceNow is operating at the current time. Most of ServiceNow's value examination focuses on studying past and present price action to predict the probability of ServiceNow's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ServiceNow's price. Additionally, you may evaluate how the addition of ServiceNow to your portfolios can decrease your overall portfolio volatility.
Theme Ratings Determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
Aroon Oscillator Analyze current equity momentum using Aroon Oscillator and other momentum ratios | |
Share Portfolio Track or share privately all of your investments from the convenience of any device | |
Bollinger Bands Use Bollinger Bands indicator to analyze target price for a given investing horizon | |
Balance Of Power Check stock momentum by analyzing Balance Of Power indicator and other technical ratios | |
Bonds Directory Find actively traded corporate debentures issued by US companies | |
Equity Search Search for actively traded equities including funds and ETFs from over 30 global markets | |
Piotroski F Score Get Piotroski F Score based on the binary analysis strategy of nine different fundamentals | |
Commodity Directory Find actively traded commodities issued by global exchanges | |
Equity Valuation Check real value of public entities based on technical and fundamental data | |
Portfolio File Import Quickly import all of your third-party portfolios from your local drive in csv format | |
Idea Breakdown Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes |
Is ServiceNow'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 ServiceNow. If investors know ServiceNow 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 ServiceNow 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 1.288 | Earnings Share 9.36 | Revenue Per Share 46.332 | Quarterly Revenue Growth 0.242 | Return On Assets 0.0381 |
The market value of ServiceNow is measured differently than its book value, which is the value of ServiceNow that is recorded on the company's balance sheet. Investors also form their own opinion of ServiceNow's value that differs from its market value or its book value, called intrinsic value, which is ServiceNow'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 ServiceNow's market value can be influenced by many factors that don't directly affect ServiceNow'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 ServiceNow's value and its price as these two are different measures arrived at by different means. Investors typically determine if ServiceNow is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ServiceNow'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.