STERIS Total Liab vs Cash And Short Term Investments 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 Total Liab and its Cash And Short Term Investments 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.

Total Liab vs Cash And Short Term Investments

Total Liab vs Cash And Short Term Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of STERIS plc Total Liab account and Cash And Short Term Investments. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between STERIS Plc's Total Liab and Cash And Short Term Investments is 0.45. Overlapping area represents the amount of variation of Total Liab that can explain the historical movement of Cash And Short Term Investments 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 Total Liab and Cash And Short Term Investments 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 Liab of STERIS plc are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Total Liab i.e., STERIS Plc's Total Liab and Cash And Short Term Investments go up and down completely randomly.

Correlation Coefficient

0.45

Relationship Direction	Positive
Relationship Strength	Weak

View All Relationships

Total Liab

The total amount of all liabilities that a company has, including both short-term and long-term liabilities.

Cash And Short Term Investments

Short Term Investments is an account in the current assets section of STERIS plc balance sheet. This account contains STERIS Plc investments that will expire within one year. These investments include stocks and bonds that can be liquidated by STERIS plc fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.

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)
Gross Profit	2.0B	2.2B	2.5B	2.6B
Total Revenue	4.6B	5.0B	5.1B	5.4B

Gross Profit Total Revenue

STERIS Plc fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Intangible Assets	Non Currrent Assets Other	Common Stock	Other Liab	Other Assets
Total Assets		0.99	0.91	0.99	1.0	0.98	0.99	0.88	0.97	0.48	1.0	0.48	0.97	0.78	0.99	0.95	0.67	0.61	1.0	0.93	0.84	0.96	0.59	0.99	0.97	0.31
Short Long Term Debt Total	0.99		0.91	0.97	0.99	0.97	1.0	0.85	0.96	0.44	0.99	0.44	0.96	0.74	1.0	0.96	0.69	0.59	1.0	0.93	0.86	0.97	0.62	0.99	0.97	0.26
Other Current Liab	0.91	0.91		0.93	0.91	0.92	0.91	0.88	0.9	0.3	0.87	0.3	0.95	0.66	0.89	0.9	0.89	0.48	0.9	0.98	0.7	0.89	0.84	0.92	0.85	-0.02
Total Current Liabilities	0.99	0.97	0.93		0.98	0.98	0.97	0.93	0.97	0.46	0.97	0.46	0.98	0.77	0.98	0.97	0.71	0.5	0.98	0.96	0.81	0.95	0.64	0.96	0.95	0.28
Total Stockholder Equity	1.0	0.99	0.91	0.98		0.99	0.98	0.88	0.96	0.5	0.99	0.5	0.97	0.79	0.99	0.94	0.66	0.64	0.99	0.93	0.83	0.94	0.58	0.98	0.96	0.34
Property Plant And Equipment Net	0.98	0.97	0.92	0.98	0.99		0.96	0.91	0.97	0.51	0.98	0.51	0.99	0.81	0.97	0.93	0.66	0.62	0.97	0.93	0.75	0.91	0.59	0.96	0.92	0.33
Net Debt	0.99	1.0	0.91	0.97	0.98	0.96		0.84	0.95	0.38	0.98	0.38	0.95	0.71	1.0	0.96	0.71	0.59	0.99	0.94	0.85	0.98	0.64	0.99	0.97	0.22
Retained Earnings	0.88	0.85	0.88	0.93	0.88	0.91	0.84		0.91	0.49	0.86	0.49	0.93	0.79	0.85	0.88	0.65	0.32	0.87	0.89	0.65	0.8	0.58	0.81	0.81	0.27
Accounts Payable	0.97	0.96	0.9	0.97	0.96	0.97	0.95	0.91		0.48	0.95	0.48	0.99	0.82	0.96	0.96	0.66	0.49	0.97	0.93	0.78	0.91	0.58	0.94	0.89	0.33
Cash	0.48	0.44	0.3	0.46	0.5	0.51	0.38	0.49	0.48		0.52	1.0	0.45	0.81	0.45	0.3	-0.1	0.36	0.45	0.3	0.47	0.29	-0.16	0.4	0.43	0.65
Non Current Assets Total	1.0	0.99	0.87	0.97	0.99	0.98	0.98	0.86	0.95	0.52		0.52	0.95	0.79	0.99	0.93	0.6	0.65	0.99	0.9	0.85	0.94	0.52	0.97	0.97	0.38
Cash And Short Term Investments	0.48	0.44	0.3	0.46	0.5	0.51	0.38	0.49	0.48	1.0	0.52		0.45	0.81	0.45	0.3	-0.1	0.36	0.45	0.3	0.47	0.29	-0.16	0.4	0.43	0.65
Net Receivables	0.97	0.96	0.95	0.98	0.97	0.99	0.95	0.93	0.99	0.45	0.95	0.45		0.81	0.96	0.95	0.74	0.53	0.96	0.97	0.76	0.91	0.67	0.95	0.89	0.25
Common Stock Shares Outstanding	0.78	0.74	0.66	0.77	0.79	0.81	0.71	0.79	0.82	0.81	0.79	0.81	0.81		0.74	0.67	0.29	0.44	0.75	0.67	0.64	0.61	0.21	0.7	0.66	0.58
Non Current Liabilities Total	0.99	1.0	0.89	0.98	0.99	0.97	1.0	0.85	0.96	0.45	0.99	0.45	0.96	0.74		0.96	0.67	0.59	1.0	0.93	0.86	0.97	0.59	0.98	0.97	0.28
Inventory	0.95	0.96	0.9	0.97	0.94	0.93	0.96	0.88	0.96	0.3	0.93	0.3	0.95	0.67	0.96		0.76	0.42	0.97	0.96	0.79	0.97	0.68	0.94	0.92	0.19
Other Current Assets	0.67	0.69	0.89	0.71	0.66	0.66	0.71	0.65	0.66	-0.1	0.6	-0.1	0.74	0.29	0.67	0.76		0.25	0.68	0.88	0.52	0.76	0.99	0.73	0.64	-0.44
Other Stockholder Equity	0.61	0.59	0.48	0.5	0.64	0.62	0.59	0.32	0.49	0.36	0.65	0.36	0.53	0.44	0.59	0.42	0.25		0.58	0.44	0.39	0.5	0.24	0.65	0.59	0.35
Total Liab	1.0	1.0	0.9	0.98	0.99	0.97	0.99	0.87	0.97	0.45	0.99	0.45	0.96	0.75	1.0	0.97	0.68	0.58		0.94	0.85	0.97	0.6	0.98	0.97	0.28
Total Current Assets	0.93	0.93	0.98	0.96	0.93	0.93	0.94	0.89	0.93	0.3	0.9	0.3	0.97	0.67	0.93	0.96	0.88	0.44	0.94		0.75	0.94	0.82	0.94	0.88	0.02
Short Term Debt	0.84	0.86	0.7	0.81	0.83	0.75	0.85	0.65	0.78	0.47	0.85	0.47	0.76	0.64	0.86	0.79	0.52	0.39	0.85	0.75		0.87	0.44	0.84	0.88	0.24
Intangible Assets	0.96	0.97	0.89	0.95	0.94	0.91	0.98	0.8	0.91	0.29	0.94	0.29	0.91	0.61	0.97	0.97	0.76	0.5	0.97	0.94	0.87		0.69	0.97	0.97	0.13
Non Currrent Assets Other	0.59	0.62	0.84	0.64	0.58	0.59	0.64	0.58	0.58	-0.16	0.52	-0.16	0.67	0.21	0.59	0.68	0.99	0.24	0.6	0.82	0.44	0.69		0.67	0.57	-0.52
Common Stock	0.99	0.99	0.92	0.96	0.98	0.96	0.99	0.81	0.94	0.4	0.97	0.4	0.95	0.7	0.98	0.94	0.73	0.65	0.98	0.94	0.84	0.97	0.67		0.96	0.22
Other Liab	0.97	0.97	0.85	0.95	0.96	0.92	0.97	0.81	0.89	0.43	0.97	0.43	0.89	0.66	0.97	0.92	0.64	0.59	0.97	0.88	0.88	0.97	0.57	0.96		0.28
Other Assets	0.31	0.26	-0.02	0.28	0.34	0.33	0.22	0.27	0.33	0.65	0.38	0.65	0.25	0.58	0.28	0.19	-0.44	0.35	0.28	0.02	0.24	0.13	-0.52	0.22	0.28

Click cells to compare fundamentals

STERIS Plc Account Relationship Matchups

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	3.4B	3.6B
Non Currrent Assets Other	51.6M	52.7M	70.7M	78.1M	6.3B	6.6B
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	5.2B	5.4B
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	4.5B	4.7B
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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When determining whether STERIS plc is a strong investment it is important to analyze STERIS Plc's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact STERIS Plc's future performance. For an informed investment choice regarding STERIS Stock, refer to the following important reports:

How To Invest In STERIS

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Is STERIS Stock a good investment?

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What is STERIS Plc's Net Worth?

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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 Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.

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When running STERIS Plc's price analysis, check to measure STERIS Plc'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 STERIS Plc is operating at the current time. Most of STERIS Plc's value examination focuses on studying past and present price action to predict the probability of STERIS Plc's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move STERIS Plc's price. Additionally, you may evaluate how the addition of STERIS Plc to your portfolios can decrease your overall portfolio volatility.

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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.

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STERIS Total Liab vs Cash And Short Term Investments Analysis

Total Liab vs Cash And Short Term Investments

Total Liab vs Cash And Short Term Investments Correlation Analysis

Correlation Coefficient

Total Liab

Cash And Short Term Investments

STERIS Plc fundamental ratios Correlations

STERIS Plc Account Relationship Matchups

High Positive Relationship

High Negative Relationship

STERIS Plc fundamental ratios Accounts

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COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Stockholder Equity	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Assets
Net Debt	+ 1.0	Short Long Term Debt Total
Non Current Liabilities Total	+ 1.0	Short Long Term Debt Total
Total Liab	+ 1.0	Short Long Term Debt Total

Other Assets	- 0.52	Non Currrent Assets Other
Other Assets	- 0.44	Other Current Assets
Non Currrent Assets Other	- 0.16	Cash And Short Term Investments
Non Currrent Assets Other	- 0.16	Cash
Other Current Assets	- 0.1	Cash And Short Term Investments
Other Current Assets	- 0.1	Cash