Pliant Total Assets vs Total Current Assets Analysis

PLRX Stock  USD 12.13  0.04  0.33%   
Pliant TherapeuticsInc financial indicator trend analysis is much more than just breaking down Pliant TherapeuticsInc prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Pliant TherapeuticsInc is a good investment. Please check the relationship between Pliant TherapeuticsInc Total Assets and its Total Current Assets accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Pliant TherapeuticsInc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area.
For more information on how to buy Pliant Stock please use our How to Invest in Pliant TherapeuticsInc guide.

Total Assets vs Total Current Assets

Total Assets vs Total Current Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Pliant TherapeuticsInc Total Assets account and Total Current Assets. At this time, the significance of the direction appears to have totally related.
The correlation between Pliant TherapeuticsInc's Total Assets and Total Current Assets is 1.0. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Total Current Assets in the same time period over historical financial statements of Pliant TherapeuticsInc, assuming nothing else is changed. The correlation between historical values of Pliant TherapeuticsInc's Total Assets and Total 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 Total Assets of Pliant TherapeuticsInc are associated (or correlated) with its Total Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Assets has no effect on the direction of Total Assets i.e., Pliant TherapeuticsInc's Total Assets and Total Current Assets go up and down completely randomly.

Correlation Coefficient

1.0
Relationship DirectionPositive 
Relationship StrengthVery Strong

Total Assets

Total assets refers to the total amount of Pliant TherapeuticsInc assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Pliant TherapeuticsInc books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

Total Current Assets

The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.
Most indicators from Pliant TherapeuticsInc's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Pliant TherapeuticsInc 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 Pliant TherapeuticsInc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area.
For more information on how to buy Pliant Stock please use our How to Invest in Pliant TherapeuticsInc guide.Sales General And Administrative To Revenue is likely to rise to 38.50 in 2024, whereas Selling General Administrative is likely to drop slightly above 29.4 M in 2024.
 2021 2022 2023 2024 (projected)
Interest Income272K4.7M20.5M21.5M
Net Interest Income272K3.9M19.2M20.2M

Pliant TherapeuticsInc fundamental ratios Correlations

0.90.990.780.95-0.960.690.661.00.540.311.00.890.60.760.920.50.470.6-0.03-0.260.980.93-0.760.380.91
0.90.880.790.89-0.910.720.610.890.40.310.90.980.660.920.990.630.620.71-0.04-0.190.910.95-0.730.610.97
0.990.880.690.98-0.950.690.540.990.470.140.990.90.570.760.90.510.540.56-0.17-0.390.990.89-0.840.380.9
0.780.790.690.68-0.680.590.940.770.690.70.770.710.760.60.770.490.30.640.320.190.680.84-0.50.460.8
0.950.890.980.68-0.910.630.490.950.480.070.950.920.60.790.90.590.660.61-0.22-0.410.970.87-0.90.490.93
-0.96-0.91-0.95-0.68-0.91-0.74-0.56-0.96-0.31-0.26-0.96-0.9-0.57-0.84-0.92-0.54-0.51-0.630.090.33-0.98-0.90.72-0.43-0.89
0.690.720.690.590.63-0.740.510.690.140.140.690.710.60.520.670.260.250.34-0.23-0.390.660.69-0.620.260.69
0.660.610.540.940.49-0.560.510.650.730.850.660.490.670.370.590.28-0.030.50.550.40.510.73-0.250.240.61
1.00.890.990.770.95-0.960.690.650.530.31.00.890.590.760.910.490.470.59-0.04-0.270.980.92-0.760.370.9
0.540.40.470.690.48-0.310.140.730.530.520.540.360.370.110.420.07-0.070.240.50.410.380.6-0.270.010.47
0.310.310.140.70.07-0.260.140.850.30.520.30.160.350.180.310.08-0.280.340.790.70.170.440.240.080.25
1.00.90.990.770.95-0.960.690.661.00.540.30.890.590.760.910.490.470.59-0.03-0.260.980.93-0.760.370.9
0.890.980.90.710.92-0.90.710.490.890.360.160.890.560.910.980.570.680.61-0.2-0.340.920.92-0.790.540.95
0.60.660.570.760.6-0.570.60.670.590.370.350.590.560.540.610.790.370.850.150.060.560.64-0.610.770.76
0.760.920.760.60.79-0.840.520.370.760.110.180.760.910.540.920.750.780.77-0.16-0.280.850.78-0.660.730.87
0.920.990.90.770.9-0.920.670.590.910.420.310.910.980.610.920.610.610.7-0.03-0.190.930.96-0.720.570.97
0.50.630.510.490.59-0.540.260.280.490.070.080.490.570.790.750.610.730.95-0.07-0.120.580.48-0.620.970.71
0.470.620.540.30.66-0.510.25-0.030.47-0.07-0.280.470.680.370.780.610.730.55-0.59-0.580.610.39-0.770.720.63
0.60.710.560.640.61-0.630.340.50.590.240.340.590.610.850.770.70.950.550.20.10.630.64-0.530.920.78
-0.03-0.04-0.170.32-0.220.09-0.230.55-0.040.50.79-0.03-0.20.15-0.16-0.03-0.07-0.590.20.95-0.160.170.53-0.06-0.05
-0.26-0.19-0.390.19-0.410.33-0.390.4-0.270.410.7-0.26-0.340.06-0.28-0.19-0.12-0.580.10.95-0.38-0.020.63-0.05-0.2
0.980.910.990.680.97-0.980.660.510.980.380.170.980.920.560.850.930.580.610.63-0.16-0.380.89-0.810.460.91
0.930.950.890.840.87-0.90.690.730.920.60.440.930.920.640.780.960.480.390.640.17-0.020.89-0.630.440.94
-0.76-0.73-0.84-0.5-0.90.72-0.62-0.25-0.76-0.270.24-0.76-0.79-0.61-0.66-0.72-0.62-0.77-0.530.530.63-0.81-0.63-0.55-0.81
0.380.610.380.460.49-0.430.260.240.370.010.080.370.540.770.730.570.970.720.92-0.06-0.050.460.44-0.550.67
0.910.970.90.80.93-0.890.690.610.90.470.250.90.950.760.870.970.710.630.78-0.05-0.20.910.94-0.810.67
Click cells to compare fundamentals

Pliant TherapeuticsInc Account Relationship Matchups

Pliant TherapeuticsInc fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets119.1M295.5M221.2M350.6M512.2M537.8M
Total Current Liabilities8.2M11.6M16.8M23.9M28.5M15.3M
Total Stockholder Equity(435K)283.1M199.1M313.3M473.6M497.3M
Net Tangible Assets(76.3M)283.1M199.1M313.3M360.3M378.4M
Retained Earnings(76.3M)(117.8M)(215.1M)(338.4M)(499.7M)(474.8M)
Accounts Payable1.3M2.0M3.0M1.6M4.5M2.6M
Cash85.8M50.9M51.7M33.7M63.2M55.1M
Cash And Short Term Investments102.8M276.9M200.6M331.2M494.2M519.0M
Net Receivables7.4M9.4M2.1M2.1M3.0M3.9M
Total Liab119.5M12.5M22.2M37.3M38.6M34.4M
Total Current Assets111.9M290.8M209.4M340.3M505.5M530.8M
Property Plant Equipment4.1M4.3M10.9M4.5M5.2M5.5M
Short Long Term Debt Total444K283K7.2M15.8M11.4M6.5M
Other Current Liab6.9M9.6M12.0M19.9M22.7M13.5M
Property Plant And Equipment Net4.1M4.3M10.9M9.9M4.8M7.0M
Net Debt(85.4M)(50.6M)(44.5M)(17.9M)(51.9M)(54.5M)
Non Current Assets Total7.2M4.8M11.8M10.3M6.7M8.3M
Non Currrent Assets Other3.1M451K838K394K392.0K759.5K
Other Assets3.1M451K838K394K1.00.95
Common Stock Shares Outstanding35.6M35.6M35.8M42.0M58.7M41.1M
Short Term Investments17.0M226.0M148.9M297.5M431.0M452.6M
Liabilities And Stockholders Equity119.1M295.5M221.2M350.6M512.2M286.9M
Non Current Liabilities Total111.3M866K5.3M13.4M10.1M9.6M
Capital Lease Obligations444K283K7.2M5.9M1.3M1.3M
Other Current Assets1.7M4.5M6.8M7.1M8.3M5.2M
Other Stockholder Equity2.2M105.4M414.3M653.7M973.0M1.0B
Net Invested Capital(76.3M)283.1M199.1M323.3M483.6M507.8M
Accumulated Other Comprehensive Income(1K)(32K)(201K)(2.0M)345K362.3K
Non Current Liabilities Other10K2K5.3M3.4M3.9M4.1M
Net Working Capital103.7M279.2M192.6M316.4M477.0M261.3M

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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.
When determining whether Pliant TherapeuticsInc offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Pliant TherapeuticsInc's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Pliant Therapeuticsinc Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Pliant Therapeuticsinc Stock:
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Pliant TherapeuticsInc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area.
For more information on how to buy Pliant Stock please use our How to Invest in Pliant TherapeuticsInc guide.
You can also try the ETFs module to find actively traded Exchange Traded Funds (ETF) from around the world.

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Is Pliant TherapeuticsInc'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 Pliant TherapeuticsInc. If investors know Pliant 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 Pliant TherapeuticsInc listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(2.86)
Revenue Per Share
0.004
Quarterly Revenue Growth
(1.00)
Return On Assets
(0.22)
Return On Equity
(0.34)
The market value of Pliant TherapeuticsInc is measured differently than its book value, which is the value of Pliant that is recorded on the company's balance sheet. Investors also form their own opinion of Pliant TherapeuticsInc's value that differs from its market value or its book value, called intrinsic value, which is Pliant TherapeuticsInc'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 Pliant TherapeuticsInc's market value can be influenced by many factors that don't directly affect Pliant TherapeuticsInc'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 Pliant TherapeuticsInc's value and its price as these two are different measures arrived at by different means. Investors typically determine if Pliant TherapeuticsInc is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Pliant TherapeuticsInc'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.