STERIS Common Stock vs Total Current Liabilities Analysis
STE Stock | USD 230.73 4.73 2.01% |
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 Common Stock and its Total Current Liabilities 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 tightly coupled 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.
Common Stock vs Total Current Liabilities
Common Stock vs Total Current Liabilities Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of STERIS plc Common Stock account and Total Current Liabilities. At this time, the significance of the direction appears to have almost identical trend.
The correlation between STERIS Plc's Common Stock and Total Current Liabilities is 0.95. Overlapping area represents the amount of variation of Common Stock that can explain the historical movement of Total Current Liabilities 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 Common Stock and Total Current Liabilities is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Common Stock of STERIS plc are associated (or correlated) with its Total Current Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Liabilities has no effect on the direction of Common Stock i.e., STERIS Plc's Common Stock and Total Current Liabilities go up and down completely randomly.
Correlation Coefficient | 0.95 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Common Stock
Total Current Liabilities
Total Current Liabilities is an item on STERIS Plc balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of STERIS plc are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.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 tightly coupled 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 Tax Provision is projected to increase significantly based on the last few years of reporting. The current year's Enterprise Value Over EBITDA is expected to grow to 22.46, whereas Sales General And Administrative To Revenue is forecasted to decline to 0.20.
2021 | 2022 | 2023 | 2024 (projected) | Total Revenue | 4.6B | 5.0B | 5.1B | 5.4B | Depreciation And Amortization | 553.1M | 982.1M | 266.4M | 279.7M |
STERIS Plc fundamental ratios Correlations
Click cells to compare fundamentals
STERIS Plc Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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 | 3.1B | 3.3B | |
Other Current Liab | 281.2M | 335.7M | 406.3M | 395.0M | 687.5M | 721.9M | |
Total Current Liabilities | 503.6M | 577.9M | 922.2M | 861.8M | 939.3M | 986.2M | |
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 | 2.9B | 3.1B | |
Retained Earnings | 1.6B | 1.9B | 2.0B | 1.9B | 2.2B | 2.3B | |
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 | 985.7M | 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 | 4.8B | 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 | 109.2M | 114.7M | |
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 | 67.9M | 71.3M | |
Accumulated Other Comprehensive Income | (235.5M) | (61.2M) | (209.8M) | (320.7M) | (288.6M) | (274.2M) | |
Common Stock | 2.0B | 2.0B | 4.7B | 4.5B | 6.3B | 6.6B | |
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 | 3.5B | 3.6B | |
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 | 83.1M | 69.7M | |
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 | 2.0B | 2.1B | |
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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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 tightly coupled 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 Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.
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Is STERIS Plc'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 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.