BioNTech Other Current Assets vs Long Term Investments Analysis
0A3M Stock | USD 113.60 7.06 6.63% |
BioNTech financial indicator trend analysis is way more than just evaluating BioNTech SE prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether BioNTech SE is a good investment. Please check the relationship between BioNTech Other Current Assets and its Long Term Investments accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in BioNTech SE. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Other Current Assets vs Long Term Investments
Other Current Assets vs Long Term Investments Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of BioNTech SE Other Current Assets account and Long Term Investments. At this time, the significance of the direction appears to have very strong relationship.
The correlation between BioNTech's Other Current Assets and Long Term Investments is 0.8. Overlapping area represents the amount of variation of Other Current Assets that can explain the historical movement of Long Term Investments in the same time period over historical financial statements of BioNTech SE, assuming nothing else is changed. The correlation between historical values of BioNTech's Other Current Assets and Long 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 Other Current Assets of BioNTech SE are associated (or correlated) with its Long Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Long Term Investments has no effect on the direction of Other Current Assets i.e., BioNTech's Other Current Assets and Long Term Investments go up and down completely randomly.
Correlation Coefficient | 0.8 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Other Current Assets
Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.Long Term Investments
Long Term Investments is an item on the asset side of BioNTech balance sheet that represents investments BioNTech SE intends to hold for over a year. BioNTech SE long term investments may include different instruments such as stocks, bonds, real estate and cash.Most indicators from BioNTech's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into BioNTech SE 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in BioNTech SE. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. The value of Tax Provision is estimated to slide to about 243 M. The value of Selling General Administrative is expected to slide to about 293.8 M
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 15.1B | 12.8B | 3.2B | 5.8B | Total Revenue | 19.0B | 17.3B | 3.8B | 7.5B |
BioNTech fundamental ratios Correlations
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BioNTech Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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BioNTech fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Other Current Liab | 105.6M | 494.6M | 3.2B | 1.6B | 540.3M | 964.9M | |
Total Current Liabilities | 138.1M | 606M | 3.5B | 3.0B | 2.1B | 1.5B | |
Other Liab | 205.6M | 97.1M | 109.8M | 283.9M | 326.5M | 200.3M | |
Net Tangible Assets | 179.6M | 406.5M | 1.2B | 11.7B | 13.5B | 14.1B | |
Retained Earnings | (424.8M) | (409.6M) | 9.9B | 18.8B | 19.8B | 20.8B | |
Accounts Payable | 20.5M | 102.3M | 160M | 204.1M | 354M | 371.7M | |
Other Assets | 2.4M | 168.2M | 22.2M | 249.2M | 286.6M | 300.9M | |
Net Receivables | 20.2M | 166.4M | 12.4B | 7.1B | 2.2B | 3.4B | |
Inventory | 12.1M | 64.1M | 502.5M | 439.6M | 357.7M | 217.8M | |
Other Current Assets | 7.0M | 89M | 113.4M | 271.9M | 280.9M | 294.9M | |
Other Stockholder Equity | 318.6M | 691.5M | 1.5B | 1.8B | 2.0B | 2.1B | |
Total Current Assets | 560.2M | 1.7B | 15.1B | 21.9B | 19.5B | 20.5B | |
Property Plant Equipment | 116.0M | 148.1M | 326M | 520.4M | 598.5M | 628.4M | |
Total Assets | 797.6M | 2.3B | 15.8B | 23.3B | 23.0B | 12.1B | |
Total Stockholder Equity | 493.5M | 1.4B | 11.9B | 20.1B | 20.2B | 21.3B | |
Cash | 519.1M | 1.2B | 1.7B | 13.9B | 11.7B | 12.2B | |
Non Current Assets Total | 237.5M | 651.7M | 758.5M | 1.4B | 3.5B | 3.7B | |
Non Currrent Assets Other | 2K | 1.0M | 800K | 6.5M | 83.4M | 87.6M | |
Good Will | 3.0M | 53.7M | 57.8M | 61.2M | 362.5M | 380.6M | |
Common Stock Shares Outstanding | 226.8M | 241.5M | 242.5M | 243.2M | 237.7M | 260.6M | |
Short Term Investments | 1.7M | 137.2M | 381.6M | 189.4M | 4.9B | 5.1B | |
Non Current Liabilities Total | 166.0M | 340.8M | 455.5M | 272.9M | 689.9M | 400.6M | |
Total Liab | 304.2M | 946.8M | 3.9B | 3.2B | 2.8B | 2.1B | |
Net Invested Capital | 493.5M | 1.4B | 12.2B | 20.3B | 20.5B | 21.5B | |
Capital Stock | 232.3M | 246.3M | 246.3M | 248.6M | 285.9M | 259.5M | |
Net Working Capital | 422.0M | 1.1B | 11.6B | 19.0B | 17.5B | 9.1B | |
Intangible Assets | 86.5M | 109.8M | 144.6M | 158.5M | 804.1M | 844.3M |
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Try AI Portfolio ArchitectCheck out Trending Equities to better understand how to build diversified portfolios, which includes a position in BioNTech SE. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.