ServiceNow Net Tangible Assets vs Long Term Debt Total Analysis
| NOW Stock | USD 758.01 2.56 0.34% |
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 Net Tangible Assets and its Long Term Debt Total 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.
Net Tangible Assets vs Long Term Debt Total
Net Tangible Assets vs Long Term Debt Total Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of ServiceNow Net Tangible Assets account and Long Term Debt Total. At this time, the significance of the direction appears to have very strong relationship.
The correlation between ServiceNow's Net Tangible Assets and Long Term Debt Total is 0.82. Overlapping area represents the amount of variation of Net Tangible Assets that can explain the historical movement of Long Term Debt Total in the same time period over historical financial statements of ServiceNow, assuming nothing else is changed. The correlation between historical values of ServiceNow's Net Tangible Assets and Long Term Debt Total is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Tangible Assets of ServiceNow are associated (or correlated) with its Long Term Debt Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Long Term Debt Total has no effect on the direction of Net Tangible Assets i.e., ServiceNow's Net Tangible Assets and Long Term Debt Total go up and down completely randomly.
Correlation Coefficient | 0.82 |
| Relationship Direction | Positive |
| Relationship Strength | Strong |
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.Long Term Debt Total
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 |
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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 Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.
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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.