PANW Stock | | | USD 392.89 4.83 1.24% |
Palo Alto financial indicator trend analysis is much more than just breaking down Palo Alto Networks prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Palo Alto Networks is a good investment. Please check the relationship between Palo Alto Total Current Assets and its Long Term Debt Total accounts. Check out
Your Equity Center to better understand how to build diversified portfolios, which includes a position in Palo Alto Networks. 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.
Total Current Assets vs Long Term Debt Total
Total Current Assets vs Long Term Debt Total Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Palo Alto Networks Total Current Assets account and
Long Term Debt Total. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Palo Alto's Total Current Assets and Long Term Debt Total is 0.8. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Long Term Debt Total in the same time period over historical financial statements of Palo Alto Networks, assuming nothing else is changed. The correlation between historical values of Palo Alto's Total Current Assets and Long Term Debt Total 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 Current Assets of Palo Alto Networks are associated (or correlated) with its Long Term Debt Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Long Term Debt Total has no effect on the direction of Total Current Assets i.e., Palo Alto's Total Current Assets and Long Term Debt Total go up and down completely randomly.
Correlation Coefficient | 0.8 |
Relationship Direction | Positive |
Relationship Strength | Strong |
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.
Long Term Debt Total
Most indicators from Palo Alto's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Palo Alto Networks 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 Palo Alto Networks. 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.
At this time, Palo Alto's
Selling General Administrative is fairly stable compared to the past year.
Sales General And Administrative To Revenue is likely to climb to 0.12 in 2024, despite the fact that
Tax Provision is likely to grow to (1.5
B).
Palo Alto fundamental ratios Correlations
Click cells to compare fundamentals
Palo Alto Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Palo Alto fundamental ratios Accounts
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