Purple Net Tangible Assets vs Total Current Assets Analysis

PPBT Stock

USD 2.78 0.02 0.72%

Purple Biotech financial indicator trend analysis is much more than just breaking down Purple Biotech prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Purple Biotech is a good investment. Please check the relationship between Purple Biotech Net Tangible Assets and its Total Current Assets accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Purple Biotech. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

For more information on how to buy Purple Stock please use our How to Invest in Purple Biotech guide.

Net Tangible Assets vs Total Current Assets

Net Tangible Assets vs Total Current Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Purple Biotech Net Tangible Assets account and Total Current Assets. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Purple Biotech's Net Tangible Assets and Total Current Assets is 0.85. Overlapping area represents the amount of variation of Net Tangible Assets that can explain the historical movement of Total Current Assets in the same time period over historical financial statements of Purple Biotech, assuming nothing else is changed. The correlation between historical values of Purple Biotech's Net Tangible Assets and Total Current Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Tangible Assets of Purple Biotech are associated (or correlated) with its Total Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Assets has no effect on the direction of Net Tangible Assets i.e., Purple Biotech's Net Tangible Assets and Total Current Assets go up and down completely randomly.

Correlation Coefficient

0.85

Relationship Direction	Positive
Relationship Strength	Strong

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Net Tangible Assets

The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.

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.

Most indicators from Purple Biotech's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Purple Biotech 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 Purple Biotech. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

For more information on how to buy Purple Stock please use our How to Invest in Purple Biotech guide.At this time, Purple Biotech's Selling General Administrative is comparatively stable compared to the past year. Enterprise Value Over EBITDA is likely to gain to 0.97 in 2025, whereas Sales General And Administrative To Revenue is likely to drop 6.63 in 2025.

Purple Biotech fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Debt	Retained Earnings	Accounts Payable	Cash	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Property Plant And Equipment Net	Non Current Assets Total	Property Plant And Equipment Gross	Other Liab	Net Tangible Assets	Short Term Investments	Inventory	Property Plant Equipment	Current Deferred Revenue	Net Invested Capital
Total Assets		0.6	0.65	1.0	-0.78	-0.73	0.67	0.81	0.93	0.11	0.71	0.42	0.06	0.85	0.64	0.93	0.97	0.87	0.97	-0.16	0.88	0.72	0.6	0.95	0.75	0.97
Other Current Liab	0.6		0.92	0.55	-0.7	-0.75	0.74	0.7	0.42	0.05	0.11	0.45	-0.17	0.72	0.86	0.42	0.59	0.74	0.59	-0.05	0.32	0.1	0.67	0.62	0.68	0.54
Total Current Liabilities	0.65	0.92		0.59	-0.76	-0.83	0.89	0.76	0.43	0.29	0.16	0.65	-0.1	0.81	0.98	0.44	0.63	0.82	0.63	0.03	0.32	0.05	0.77	0.69	0.75	0.55
Total Stockholder Equity	1.0	0.55	0.59		-0.76	-0.7	0.62	0.78	0.95	0.08	0.74	0.36	0.08	0.82	0.57	0.95	0.97	0.84	0.97	-0.19	0.91	0.77	0.55	0.94	0.73	0.98
Net Debt	-0.78	-0.7	-0.76	-0.76		0.74	-0.81	-1.0	-0.69	-0.06	-0.42	-0.52	-0.16	-0.79	-0.76	-0.68	-0.71	-0.76	-0.71	0.2	-0.55	-0.33	-0.51	-0.72	-0.65	-0.67
Retained Earnings	-0.73	-0.75	-0.83	-0.7	0.74		-0.84	-0.76	-0.46	-0.19	-0.32	-0.42	0.06	-0.93	-0.8	-0.46	-0.69	-0.93	-0.69	0.23	-0.55	-0.1	-0.68	-0.84	-0.8	-0.69
Accounts Payable	0.67	0.74	0.89	0.62	-0.81	-0.84		0.81	0.46	0.19	0.22	0.69	0.01	0.85	0.89	0.45	0.65	0.84	0.65	-0.31	0.46	0.09	0.56	0.74	0.76	0.58
Cash	0.81	0.7	0.76	0.78	-1.0	-0.76	0.81		0.71	0.07	0.44	0.51	0.15	0.8	0.76	0.71	0.74	0.77	0.74	-0.21	0.58	0.35	0.52	0.75	0.66	0.71
Cash And Short Term Investments	0.93	0.42	0.43	0.95	-0.69	-0.46	0.46	0.71		0.04	0.74	0.29	0.19	0.64	0.42	1.0	0.92	0.65	0.92	-0.15	0.87	0.89	0.41	0.81	0.57	0.91
Net Receivables	0.11	0.05	0.29	0.08	-0.06	-0.19	0.19	0.07	0.04		0.11	0.15	0.02	0.15	0.28	0.08	0.13	0.13	0.13	0.3	-0.2	-0.13	0.64	0.09	0.46	0.03
Common Stock Shares Outstanding	0.71	0.11	0.16	0.74	-0.42	-0.32	0.22	0.44	0.74	0.11		0.22	0.04	0.4	0.2	0.74	0.64	0.51	0.64	-0.03	0.75	0.69	0.35	0.6	0.4	0.73
Non Current Liabilities Total	0.42	0.45	0.65	0.36	-0.52	-0.42	0.69	0.51	0.29	0.15	0.22		-0.06	0.51	0.78	0.31	0.36	0.53	0.36	0.3	0.22	0.06	0.49	0.39	0.32	0.31
Other Current Assets	0.06	-0.17	-0.1	0.08	-0.16	0.06	0.01	0.15	0.19	0.02	0.04	-0.06		0.0	-0.09	0.19	0.0	-0.12	0.0	-0.08	-0.01	0.09	-0.15	-0.05	-0.07	-0.04
Other Stockholder Equity	0.85	0.72	0.81	0.82	-0.79	-0.93	0.85	0.8	0.64	0.15	0.4	0.51	0.0		0.8	0.64	0.79	0.97	0.79	-0.2	0.68	0.31	0.68	0.92	0.86	0.78
Total Liab	0.64	0.86	0.98	0.57	-0.76	-0.8	0.89	0.76	0.42	0.28	0.2	0.78	-0.09	0.8		0.44	0.61	0.8	0.61	0.1	0.32	0.05	0.76	0.66	0.69	0.54
Total Current Assets	0.93	0.42	0.44	0.95	-0.68	-0.46	0.45	0.71	1.0	0.08	0.74	0.31	0.19	0.64	0.44		0.92	0.65	0.92	-0.09	0.85	0.89	0.44	0.8	0.58	0.91
Property Plant And Equipment Net	0.97	0.59	0.63	0.97	-0.71	-0.69	0.65	0.74	0.92	0.13	0.64	0.36	0.0	0.79	0.61	0.92		0.83	1.0	-0.23	0.88	0.76	0.54	0.94	0.73	0.98
Non Current Assets Total	0.87	0.74	0.82	0.84	-0.76	-0.93	0.84	0.77	0.65	0.13	0.51	0.53	-0.12	0.97	0.8	0.65	0.83		0.83	-0.2	0.73	0.35	0.68	0.95	0.85	0.83
Property Plant And Equipment Gross	0.97	0.59	0.63	0.97	-0.71	-0.69	0.65	0.74	0.92	0.13	0.64	0.36	0.0	0.79	0.61	0.92	1.0	0.83		-0.23	0.88	0.76	0.54	0.94	0.73	0.98
Other Liab	-0.16	-0.05	0.03	-0.19	0.2	0.23	-0.31	-0.21	-0.15	0.3	-0.03	0.3	-0.08	-0.2	0.1	-0.09	-0.23	-0.2	-0.23		-0.38	-0.13	0.35	-0.29	-0.28	-0.24
Net Tangible Assets	0.88	0.32	0.32	0.91	-0.55	-0.55	0.46	0.58	0.87	-0.2	0.75	0.22	-0.01	0.68	0.32	0.85	0.88	0.73	0.88	-0.38		0.82	0.23	0.88	0.53	0.94
Short Term Investments	0.72	0.1	0.05	0.77	-0.33	-0.1	0.09	0.35	0.89	-0.13	0.69	0.06	0.09	0.31	0.05	0.89	0.76	0.35	0.76	-0.13	0.82		0.09	0.59	0.27	0.77
Inventory	0.6	0.67	0.77	0.55	-0.51	-0.68	0.56	0.52	0.41	0.64	0.35	0.49	-0.15	0.68	0.76	0.44	0.54	0.68	0.54	0.35	0.23	0.09		0.57	0.77	0.51
Property Plant Equipment	0.95	0.62	0.69	0.94	-0.72	-0.84	0.74	0.75	0.81	0.09	0.6	0.39	-0.05	0.92	0.66	0.8	0.94	0.95	0.94	-0.29	0.88	0.59	0.57		0.81	0.94
Current Deferred Revenue	0.75	0.68	0.75	0.73	-0.65	-0.8	0.76	0.66	0.57	0.46	0.4	0.32	-0.07	0.86	0.69	0.58	0.73	0.85	0.73	-0.28	0.53	0.27	0.77	0.81		0.69
Net Invested Capital	0.97	0.54	0.55	0.98	-0.67	-0.69	0.58	0.71	0.91	0.03	0.73	0.31	-0.04	0.78	0.54	0.91	0.98	0.83	0.98	-0.24	0.94	0.77	0.51	0.94	0.69

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Purple Biotech Account Relationship Matchups

Purple Biotech fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	83.8M	70.2M	54.6M	44.3M	37.0M	33.1M
Other Current Liab	1.7M	2.6M	4.7M	3.5M	2.3M	2.2M
Total Current Liabilities	3.1M	4.3M	7.1M	7.2M	4.0M	3.8M
Total Stockholder Equity	79.4M	64.8M	46.9M	34.2M	32.9M	28.3M
Net Debt	(10.4M)	(10.1M)	(14.5M)	(14.1M)	(7.2M)	(7.6M)
Retained Earnings	(77.5M)	(95.9M)	(117.6M)	(137.5M)	(144.7M)	(137.5M)
Accounts Payable	1.2M	1.5M	2.1M	3.5M	1.5M	1.2M
Cash	11.2M	10.9M	15.0M	14.5M	7.4M	8.4M
Cash And Short Term Investments	57.8M	47.2M	32.1M	15.4M	8.5M	8.1M
Common Stock Shares Outstanding	172.1M	17.6M	18.1M	22.1M	34.7M	31.6M
Liabilities And Stockholders Equity	83.8M	70.2M	54.6M	44.3M	37.0M	33.1M
Non Current Liabilities Total	953K	842K	466K	2.8M	140K	133K
Other Current Assets	977K	1.3M	1.1M	376K	109K	103.6K
Other Stockholder Equity	118.9M	160.8M	126.4M	171.7M	177.7M	89.9M
Total Liab	4.1M	5.1M	7.5M	10.0M	4.1M	4.5M
Total Current Assets	59.3M	48.5M	33.3M	15.8M	8.9M	8.5M
Accumulated Other Comprehensive Income	8.0M	8.8M	10.1M	(79K)	(98K)	(93.1K)
Property Plant And Equipment Net	968K	896K	682K	470K	288K	400.1K
Non Current Assets Total	24.5M	21.7M	21.4M	28.5M	28.1M	15.7M
Property Plant And Equipment Gross	968K	896K	682K	470K	288K	400.1K
Other Liab	285K	265K	292K	145K	130.5K	124.0K
Net Tangible Assets	4.2M	58.9M	44.3M	26.2M	30.2M	24.0M
Short Term Investments	46.6M	36.3M	17.1M	923K	1.1M	1.1M
Property Plant Equipment	244K	968K	896K	682K	784.3K	451.2K
Net Invested Capital	79.4M	64.8M	46.9M	34.2M	32.9M	39.4M
Net Working Capital	56.2M	44.2M	26.2M	8.6M	4.9M	4.7M
Short Term Debt	207K	199K	194K	188K	183K	332.8K
Intangible Assets	20.5M	20.5K	20.7K	28.0M	27.8M	29.2M
Short Long Term Debt Total	895K	749K	515K	351K	183K	173.9K
Capital Lease Obligations	895K	749K	515K	351K	183K	173.9K

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