Align Ev To Sales vs Interest Coverage Analysis

ALGN Stock

USD 229.66 1.73 0.76%

Trend analysis of Align Technology balance sheet accounts such as Short Long Term Debt Total of 132.9 M, Other Current Liabilities of 480.9 M or Total Current Liabilities of 2.2 B provides information on Align Technology's total assets, liabilities, and equity, which is the actual value of Align Technology to its prevalent stockholders. By breaking down trends over time using Align Technology balance sheet statements, investors will see what precisely the company owns and what it owes to creditors or other parties at the end of each accounting year.

Cash Flow Balance Sheet Income Statement

Total Assets Non Current Assets Total

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Align Technology. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.

To learn how to invest in Align Stock, please use our How to Invest in Align Technology guide.

About Align Balance Sheet Analysis

Balance Sheet is a snapshot of the financial position of Align Technology at a specified time, usually calculated after every quarter, six months, or one year. Align Technology Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Align Technology and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Align currently owns. An asset can also be divided into two categories, current and non-current.

Align Technology Balance Sheet Chart

At this time, Align Technology's Current Deferred Revenue is very stable compared to the past year. As of the 29th of November 2024, Retained Earnings is likely to grow to about 2.6 B, though Net Debt is likely to grow to (770.3 M).

Total Assets Short Long Term Debt Total Other Current Liab Total Current Liabilities

Add Fundamental

Total Assets

Total assets refers to the total amount of Align Technology 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 Align Technology 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 Liabilities

Total Current Liabilities is an item on Align Technology balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Align Technology 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 Align Technology's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Align Technology 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 Align Technology. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.

To learn how to invest in Align Stock, please use our How to Invest in Align Technology guide.At this time, Align Technology's Selling General Administrative is very stable compared to the past year. As of the 29th of November 2024, Tax Provision is likely to grow to about 231.9 M, while Issuance Of Capital Stock is likely to drop about 24.4 M.

	2021	2022	2023	2024 (projected)
Total Operating Expenses	2.0B	2.0B	2.1B	2.2B
Cost Of Revenue	1.0B	1.1B	1.2B	1.2B

Total Operating Expenses Cost Of Revenue

Align Technology fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Common Stock Shares Outstanding	Short Term Investments	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Common Stock
Total Assets		0.93	0.96	0.99	1.0	0.98	0.99	-0.93	0.99	0.94	0.96	0.99	0.9	0.98	0.34	0.22	-0.35	0.99	0.96	0.94	0.6	0.99	0.95	0.98	0.2	0.23
Short Long Term Debt Total	0.93		0.84	0.93	0.93	0.93	0.95	-0.8	0.9	0.8	0.86	0.93	0.8	0.9	0.46	0.34	-0.32	0.91	0.95	0.96	0.6	0.93	0.93	0.91	0.28	0.34
Other Current Liab	0.96	0.84		0.96	0.95	0.95	0.94	-0.94	0.93	0.95	0.96	0.93	0.94	0.98	0.35	0.24	-0.23	0.95	0.89	0.89	0.62	0.96	0.91	0.98	0.11	0.25
Total Current Liabilities	0.99	0.93	0.96		0.98	1.0	1.0	-0.91	0.97	0.93	0.95	0.98	0.89	0.99	0.32	0.19	-0.33	0.99	0.98	0.96	0.57	1.0	0.97	0.98	0.2	0.2
Total Stockholder Equity	1.0	0.93	0.95	0.98		0.97	0.97	-0.93	0.99	0.94	0.96	0.99	0.9	0.97	0.36	0.25	-0.36	0.97	0.95	0.92	0.61	0.98	0.93	0.97	0.2	0.26
Property Plant And Equipment Net	0.98	0.93	0.95	1.0	0.97		1.0	-0.9	0.96	0.91	0.94	0.97	0.88	0.99	0.3	0.17	-0.33	0.99	0.98	0.97	0.56	1.0	0.98	0.98	0.19	0.18
Current Deferred Revenue	0.99	0.95	0.94	1.0	0.97	1.0		-0.87	0.96	0.89	0.92	0.98	0.86	0.98	0.29	0.16	-0.35	0.99	0.99	0.97	0.54	1.0	0.98	0.97	0.19	0.16
Net Debt	-0.93	-0.8	-0.94	-0.91	-0.93	-0.9	-0.87		-0.91	-0.94	-0.99	-0.9	-0.94	-0.94	-0.46	-0.36	0.34	-0.9	-0.83	-0.8	-0.7	-0.91	-0.82	-0.94	-0.22	-0.38
Retained Earnings	0.99	0.9	0.93	0.97	0.99	0.96	0.96	-0.91		0.94	0.94	1.0	0.84	0.95	0.23	0.11	-0.44	0.98	0.95	0.9	0.51	0.97	0.92	0.94	0.2	0.13
Accounts Payable	0.94	0.8	0.95	0.93	0.94	0.91	0.89	-0.94	0.94		0.95	0.92	0.92	0.94	0.36	0.27	-0.26	0.93	0.86	0.8	0.63	0.93	0.82	0.94	0.17	0.29
Cash	0.96	0.86	0.96	0.95	0.96	0.94	0.92	-0.99	0.94	0.95		0.94	0.94	0.97	0.42	0.32	-0.36	0.94	0.88	0.86	0.66	0.95	0.88	0.97	0.22	0.34
Non Current Assets Total	0.99	0.93	0.93	0.98	0.99	0.97	0.98	-0.9	1.0	0.92	0.94		0.85	0.96	0.29	0.16	-0.43	0.98	0.96	0.93	0.53	0.98	0.94	0.94	0.22	0.17
Cash And Short Term Investments	0.9	0.8	0.94	0.89	0.9	0.88	0.86	-0.94	0.84	0.92	0.94	0.85		0.94	0.54	0.46	-0.01	0.88	0.81	0.8	0.79	0.89	0.81	0.96	0.1	0.48
Net Receivables	0.98	0.9	0.98	0.99	0.97	0.99	0.98	-0.94	0.95	0.94	0.97	0.96	0.94		0.36	0.24	-0.27	0.98	0.95	0.94	0.62	0.99	0.95	0.99	0.18	0.25
Common Stock Total Equity	0.34	0.46	0.35	0.32	0.36	0.3	0.29	-0.46	0.23	0.36	0.42	0.29	0.54	0.36		0.97	0.25	0.25	0.26	0.33	0.88	0.31	0.28	0.43	0.32	0.95
Common Stock Shares Outstanding	0.22	0.34	0.24	0.19	0.25	0.17	0.16	-0.36	0.11	0.27	0.32	0.16	0.46	0.24	0.97		0.32	0.13	0.13	0.2	0.8	0.18	0.14	0.32	0.26	0.99
Short Term Investments	-0.35	-0.32	-0.23	-0.33	-0.36	-0.33	-0.35	0.34	-0.44	-0.26	-0.36	-0.43	-0.01	-0.27	0.25	0.32		-0.34	-0.36	-0.31	0.22	-0.34	-0.35	-0.2	-0.36	0.32
Non Current Liabilities Total	0.99	0.91	0.95	0.99	0.97	0.99	0.99	-0.9	0.98	0.93	0.94	0.98	0.88	0.98	0.25	0.13	-0.34		0.97	0.94	0.54	0.99	0.95	0.97	0.18	0.14
Inventory	0.96	0.95	0.89	0.98	0.95	0.98	0.99	-0.83	0.95	0.86	0.88	0.96	0.81	0.95	0.26	0.13	-0.36	0.97		0.97	0.51	0.98	0.96	0.94	0.21	0.14
Other Current Assets	0.94	0.96	0.89	0.96	0.92	0.97	0.97	-0.8	0.9	0.8	0.86	0.93	0.8	0.94	0.33	0.2	-0.31	0.94	0.97		0.52	0.96	0.98	0.93	0.2	0.19
Other Stockholder Equity	0.6	0.6	0.62	0.57	0.61	0.56	0.54	-0.7	0.51	0.63	0.66	0.53	0.79	0.62	0.88	0.8	0.22	0.54	0.51	0.52		0.56	0.49	0.68	0.19	0.79
Total Liab	0.99	0.93	0.96	1.0	0.98	1.0	1.0	-0.91	0.97	0.93	0.95	0.98	0.89	0.99	0.31	0.18	-0.34	0.99	0.98	0.96	0.56		0.97	0.98	0.19	0.19
Property Plant And Equipment Gross	0.95	0.93	0.91	0.97	0.93	0.98	0.98	-0.82	0.92	0.82	0.88	0.94	0.81	0.95	0.28	0.14	-0.35	0.95	0.96	0.98	0.49	0.97		0.93	0.18	0.13
Total Current Assets	0.98	0.91	0.98	0.98	0.97	0.98	0.97	-0.94	0.94	0.94	0.97	0.94	0.96	0.99	0.43	0.32	-0.2	0.97	0.94	0.93	0.68	0.98	0.93		0.16	0.33
Short Term Debt	0.2	0.28	0.11	0.2	0.2	0.19	0.19	-0.22	0.2	0.17	0.22	0.22	0.1	0.18	0.32	0.26	-0.36	0.18	0.21	0.2	0.19	0.19	0.18	0.16		0.27
Common Stock	0.23	0.34	0.25	0.2	0.26	0.18	0.16	-0.38	0.13	0.29	0.34	0.17	0.48	0.25	0.95	0.99	0.32	0.14	0.14	0.19	0.79	0.19	0.13	0.33	0.27

Click cells to compare fundamentals

Align Technology Account Relationship Matchups

Align Technology fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	2.5B	4.8B	5.9B	5.9B	6.1B	6.4B
Other Current Liab	304.2M	353.7M	550.8M	353.5M	458.0M	480.9M
Total Current Liabilities	971.0M	1.3B	1.9B	1.9B	2.1B	2.2B
Total Stockholder Equity	1.3B	3.2B	3.6B	3.6B	3.6B	3.8B
Property Plant And Equipment Net	688.0M	817.3M	1.2B	1.4B	1.4B	1.5B
Current Deferred Revenue	563.8M	777.9M	1.2B	1.3B	1.4B	1.5B
Net Debt	(507.0M)	(896.4M)	(996.7M)	(815.1M)	(810.8M)	(770.3M)
Retained Earnings	439.9M	2.2B	2.6B	2.6B	2.4B	2.6B
Accounts Payable	87.3M	142.1M	163.9M	127.9M	113.1M	118.8M
Cash	550.4M	960.8M	1.1B	942.1M	937.4M	984.3M
Non Current Assets Total	867.3M	3.0B	3.4B	3.5B	3.6B	3.8B
Cash And Short Term Investments	868.6M	960.8M	1.2B	999.6M	972.7M	1.0B
Net Receivables	550.3M	657.7M	897.2M	859.7M	903.4M	948.6M
Common Stock Shares Outstanding	80.1M	79.2M	79.7M	78.4M	76.6M	74.1M
Short Term Investments	318.2M	0.0	72.0M	57.5M	35.3M	33.5M
Liabilities And Stockholders Equity	2.5B	4.8B	5.9B	5.9B	6.1B	6.4B
Non Current Liabilities Total	183.6M	270.2M	395.3M	420.7M	386.8M	406.1M
Inventory	112.1M	139.2M	230.2M	338.8M	296.9M	311.7M
Other Current Assets	102.5M	91.8M	195.3M	226.4M	273.6M	287.2M
Other Stockholder Equity	906.9M	974.6M	999.0M	1.0B	1.2B	674.1M
Total Liab	1.2B	1.6B	2.3B	2.3B	2.5B	2.6B
Property Plant And Equipment Gross	631.7M	817.3M	1.2B	1.4B	2.0B	2.1B
Total Current Assets	1.6B	1.8B	2.5B	2.4B	2.4B	2.6B
Accumulated Other Comprehensive Income	(688K)	43.5M	4.3M	(10.3M)	21.2M	22.2M
Short Term Debt	15.7M	21.7M	22.7M	26.6M	29.7M	17.5M
Non Currrent Assets Other	33.7M	35.2M	57.5M	55.8M	128.7M	135.1M
Other Assets	97.7M	1.7B	1.6B	1.6B	1.9B	2.0B
Property Plant Equipment	631.7M	734.7M	1.2B	1.4B	1.6B	1.6B
Other Liab	140.1M	205.8M	292.7M	320.4M	368.4M	386.8M
Good Will	63.9M	444.8M	418.5M	407.6M	419.5M	440.5M
Intangible Assets	11.8M	130.1M	109.7M	95.7M	82.1M	86.2M
Net Tangible Assets	1.3B	2.7B	3.1B	3.1B	3.6B	3.7B
Retained Earnings Total Equity	378.1M	439.9M	2.2B	2.6B	3.0B	3.2B
Capital Surpluse	877.5M	906.9M	974.6M	999.0M	1.1B	898.1M
Deferred Long Term Liab	15.1M	22.8M	31.1M	27.4M	31.5M	33.1M
Non Current Liabilities Other	183.6M	270.2M	174.6M	196.0M	173.1M	102.5M

Pair Trading with Align Technology

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Align Technology position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Align Technology will appreciate offsetting losses from the drop in the long position's value.

Moving against Align Stock

0.5	MD	Mednax Inc	Pair Corr
0.34	VREX	Varex Imaging Corp	Pair Corr
0.31	DXCM	DexCom Inc	Pair Corr
0.31	ELMD	Electromed	Pair Corr

The ability to find closely correlated positions to Align Technology could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Align Technology when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Align Technology - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Align Technology to buy it.

The correlation of Align Technology is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Align Technology moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Align Technology moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Align Technology can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

When determining whether Align Technology offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Align Technology'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 Align Technology Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Align Technology Stock:

How To Invest In Align

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Is Align Stock a good investment?

Details

What is Align Technology's Net Worth?

Details

Largest Health Care Equipment & Supplies Companies

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Largest Health Care Equipment & Services Companies

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To learn how to invest in Align Stock, please use our How to Invest in Align Technology guide.

You can also try the Stock Screener module to find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..

Is Health Care Equipment & Supplies space 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 Align Technology. If investors know Align 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 Align Technology 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

(0.02)

Earnings Share

5.86

Revenue Per Share

52.669

Quarterly Revenue Growth

0.018

Return On Assets

0.067

The market value of Align Technology is measured differently than its book value, which is the value of Align that is recorded on the company's balance sheet. Investors also form their own opinion of Align Technology's value that differs from its market value or its book value, called intrinsic value, which is Align Technology'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 Align Technology's market value can be influenced by many factors that don't directly affect Align Technology'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 Align Technology's value and its price as these two are different measures arrived at by different means. Investors typically determine if Align Technology is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Align Technology'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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Align Ev To Sales vs Interest Coverage Analysis

About Align Balance Sheet Analysis

Align Technology Balance Sheet Chart

Total Assets

Total Current Liabilities

Align Technology fundamental ratios Correlations

Align Technology Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Align Technology fundamental ratios Accounts

Pair Trading with Align Technology

Moving against Align Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Stockholder Equity	+ 1.0	Total Assets
Property Plant And Equipment Net	+ 1.0	Total Current Liabilities
Current Deferred Revenue	+ 1.0	Total Current Liabilities
Total Liab	+ 1.0	Total Current Liabilities
Current Deferred Revenue	+ 1.0	Property Plant And Equipment Net
Total Liab	+ 1.0	Property Plant And Equipment Net

Cash	- 0.99	Net Debt
Total Current Assets	- 0.94	Net Debt
Net Receivables	- 0.94	Net Debt
Cash And Short Term Investments	- 0.94	Net Debt
Accounts Payable	- 0.94	Net Debt
Net Debt	- 0.94	Other Current Liab