Perrigo Retained Earnings vs Net Debt Analysis

PRGO Stock

USD 28.40 0.33 1.18%

Perrigo Company financial indicator trend analysis is much more than just breaking down Perrigo Company prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Perrigo Company is a good investment. Please check the relationship between Perrigo Company Retained Earnings and its Net Debt accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Perrigo Company PLC. 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.

Retained Earnings vs Net Debt

Retained Earnings vs Net Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Perrigo Company Retained Earnings account and Net Debt. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Perrigo Company's Retained Earnings and Net Debt is -0.35. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Net Debt in the same time period over historical financial statements of Perrigo Company PLC, assuming nothing else is changed. The correlation between historical values of Perrigo Company's Retained Earnings and Net Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Retained Earnings of Perrigo Company PLC are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Retained Earnings i.e., Perrigo Company's Retained Earnings and Net Debt go up and down completely randomly.

Correlation Coefficient

-0.35

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.

Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.

Most indicators from Perrigo Company's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Perrigo Company 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 Perrigo Company PLC. 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.

At this time, Perrigo Company's Tax Provision is very stable compared to the past year. As of the 25th of November 2024, Enterprise Value is likely to grow to about 16.2 B, while Selling General Administrative is likely to drop about 366.3 M.

	2021	2022	2023	2024 (projected)
Gross Profit	1.4B	1.5B	1.7B	921.9M
Total Revenue	4.1B	4.5B	4.7B	2.7B

Gross Profit Total Revenue

Perrigo Company 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	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	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	Retained Earnings	Intangible Assets	Short Term Investments	Common Stock	Other Assets
Total Assets		0.82	0.74	0.69	0.96	0.68	0.75	0.78	0.36	0.99	-0.5	0.37	0.83	0.8	0.88	0.38	0.28	-0.01	0.86	0.76	0.12	0.04	0.88	-0.4	0.89	0.24
Short Long Term Debt Total	0.82		0.69	0.82	0.74	0.61	0.89	0.48	0.3	0.81	-0.28	0.3	0.66	0.74	0.92	0.57	0.22	0.02	0.92	0.63	0.45	-0.19	0.66	-0.44	0.79	0.34
Other Current Liab	0.74	0.69		0.83	0.67	0.61	0.76	0.48	0.1	0.72	-0.19	0.1	0.73	0.88	0.76	0.58	0.53	-0.17	0.8	0.63	0.2	-0.46	0.49	-0.36	0.88	0.43
Total Current Liabilities	0.69	0.82	0.83		0.56	0.67	0.84	0.46	0.39	0.64	-0.19	0.39	0.65	0.87	0.85	0.75	0.4	0.02	0.91	0.74	0.61	-0.5	0.4	-0.52	0.8	0.38
Total Stockholder Equity	0.96	0.74	0.67	0.56		0.54	0.61	0.79	0.34	0.97	-0.49	0.34	0.78	0.66	0.77	0.24	0.19	-0.08	0.74	0.66	0.02	0.21	0.94	-0.38	0.82	0.12
Property Plant And Equipment Net	0.68	0.61	0.61	0.67	0.54		0.59	0.56	0.48	0.6	-0.05	0.48	0.53	0.86	0.67	0.8	0.63	0.36	0.69	0.89	0.19	-0.41	0.34	-0.69	0.76	0.38
Net Debt	0.75	0.89	0.76	0.84	0.61	0.59		0.52	0.02	0.76	-0.34	0.03	0.67	0.78	0.95	0.6	0.26	-0.08	0.95	0.52	0.36	-0.35	0.55	-0.3	0.77	0.44
Accounts Payable	0.78	0.48	0.48	0.46	0.79	0.56	0.52		0.3	0.78	-0.37	0.3	0.67	0.56	0.65	0.3	0.13	0.01	0.63	0.6	-0.03	0.2	0.74	-0.49	0.63	0.03
Cash	0.36	0.3	0.1	0.39	0.34	0.48	0.02	0.3		0.27	-0.06	1.0	0.17	0.36	0.24	0.31	0.2	0.58	0.28	0.73	0.52	0.0	0.21	-0.5	0.34	-0.02
Non Current Assets Total	0.99	0.81	0.72	0.64	0.97	0.6	0.76	0.78	0.27		-0.54	0.27	0.82	0.74	0.87	0.3	0.21	-0.08	0.84	0.67	0.07	0.1	0.92	-0.32	0.86	0.22
Non Currrent Assets Other	-0.5	-0.28	-0.19	-0.19	-0.49	-0.05	-0.34	-0.37	-0.06	-0.54		-0.06	-0.33	-0.14	-0.49	0.05	0.15	0.12	-0.44	-0.16	0.19	-0.44	-0.69	-0.02	-0.2	0.11
Cash And Short Term Investments	0.37	0.3	0.1	0.39	0.34	0.48	0.03	0.3	1.0	0.27	-0.06		0.18	0.36	0.24	0.31	0.19	0.58	0.28	0.73	0.52	0.0	0.22	-0.5	0.34	-0.02
Net Receivables	0.83	0.66	0.73	0.65	0.78	0.53	0.67	0.67	0.17	0.82	-0.33	0.18		0.76	0.71	0.26	0.08	-0.21	0.72	0.66	0.02	-0.02	0.65	-0.37	0.76	0.1
Common Stock Shares Outstanding	0.8	0.74	0.88	0.87	0.66	0.86	0.78	0.56	0.36	0.74	-0.14	0.36	0.76		0.81	0.7	0.54	0.16	0.85	0.86	0.31	-0.52	0.44	-0.49	0.94	0.39
Non Current Liabilities Total	0.88	0.92	0.76	0.85	0.77	0.67	0.95	0.65	0.24	0.87	-0.49	0.24	0.71	0.81		0.63	0.29	0.03	0.99	0.67	0.32	-0.2	0.72	-0.44	0.82	0.34
Inventory	0.38	0.57	0.58	0.75	0.24	0.8	0.6	0.3	0.31	0.3	0.05	0.31	0.26	0.7	0.63		0.59	0.3	0.67	0.64	0.39	-0.62	0.08	-0.74	0.55	0.36
Other Current Assets	0.28	0.22	0.53	0.4	0.19	0.63	0.26	0.13	0.2	0.21	0.15	0.19	0.08	0.54	0.29	0.59		0.17	0.32	0.53	0.07	-0.51	-0.01	-0.31	0.47	0.75
Other Stockholder Equity	-0.01	0.02	-0.17	0.02	-0.08	0.36	-0.08	0.01	0.58	-0.08	0.12	0.58	-0.21	0.16	0.03	0.3	0.17		0.03	0.35	0.24	-0.28	-0.15	-0.23	0.11	-0.12
Total Liab	0.86	0.92	0.8	0.91	0.74	0.69	0.95	0.63	0.28	0.84	-0.44	0.28	0.72	0.85	0.99	0.67	0.32	0.03		0.7	0.39	-0.27	0.67	-0.47	0.84	0.36
Total Current Assets	0.76	0.63	0.63	0.74	0.66	0.89	0.52	0.6	0.73	0.67	-0.16	0.73	0.66	0.86	0.67	0.64	0.53	0.35	0.7		0.33	-0.25	0.45	-0.67	0.79	0.29
Short Term Debt	0.12	0.45	0.2	0.61	0.02	0.19	0.36	-0.03	0.52	0.07	0.19	0.52	0.02	0.31	0.32	0.39	0.07	0.24	0.39	0.33		-0.46	-0.09	-0.15	0.27	0.21
Retained Earnings	0.04	-0.19	-0.46	-0.5	0.21	-0.41	-0.35	0.2	0.0	0.1	-0.44	0.0	-0.02	-0.52	-0.2	-0.62	-0.51	-0.28	-0.27	-0.25	-0.46		0.43	0.07	-0.38	-0.39
Intangible Assets	0.88	0.66	0.49	0.4	0.94	0.34	0.55	0.74	0.21	0.92	-0.69	0.22	0.65	0.44	0.72	0.08	-0.01	-0.15	0.67	0.45	-0.09	0.43		-0.25	0.63	-0.01
Short Term Investments	-0.4	-0.44	-0.36	-0.52	-0.38	-0.69	-0.3	-0.49	-0.5	-0.32	-0.02	-0.5	-0.37	-0.49	-0.44	-0.74	-0.31	-0.23	-0.47	-0.67	-0.15	0.07	-0.25		-0.37	0.01
Common Stock	0.89	0.79	0.88	0.8	0.82	0.76	0.77	0.63	0.34	0.86	-0.2	0.34	0.76	0.94	0.82	0.55	0.47	0.11	0.84	0.79	0.27	-0.38	0.63	-0.37		0.34
Other Assets	0.24	0.34	0.43	0.38	0.12	0.38	0.44	0.03	-0.02	0.22	0.11	-0.02	0.1	0.39	0.34	0.36	0.75	-0.12	0.36	0.29	0.21	-0.39	-0.01	0.01	0.34

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Perrigo Company Account Relationship Matchups

Perrigo Company fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	11.3B	11.5B	10.4B	11.0B	10.8B	5.7B
Short Long Term Debt Total	3.4B	3.6B	3.5B	4.1B	4.1B	4.3B
Other Current Liab	812.2M	855.8M	530.4M	500.6M	627.8M	659.2M
Total Current Liabilities	1.3B	1.4B	1.6B	1.1B	1.6B	1.7B
Total Stockholder Equity	5.8B	5.7B	5.2B	4.8B	4.8B	2.9B
Property Plant And Equipment Net	1.0B	1.2B	1.0B	1.1B	1.1B	560.8M
Net Debt	3.0B	2.9B	1.7B	3.5B	3.3B	3.5B
Accounts Payable	520.2M	451.6M	411.2M	537.3M	477.7M	300.3M
Cash	354.3M	641.5M	1.9B	600.7M	751.3M	377.1M
Non Current Assets Total	8.5B	8.4B	6.6B	8.3B	8.0B	4.2B
Non Currrent Assets Other	379.6M	292M	308M	158.3M	242.9M	255.0M
Cash And Short Term Investments	354.3M	641.5M	1.9B	600.7M	751.3M	384.3M
Net Receivables	1.2B	613.2M	652.9M	697.1M	739.6M	505.3M
Common Stock Shares Outstanding	136.5M	136.1M	133.6M	134.5M	135.3M	109.0M
Liabilities And Stockholders Equity	11.3B	11.5B	10.4B	11.0B	10.8B	5.7B
Non Current Liabilities Total	4.2B	4.5B	3.7B	5.1B	4.5B	4.7B
Inventory	967.3M	1.2B	1.0B	1.2B	1.1B	1.2B
Other Current Assets	192.1M	826.9M	321.9M	271.8M	201.1M	129.2M
Other Stockholder Equity	400K	395M	7.0B	6.9B	(135.5M)	(128.7M)
Total Liab	5.5B	5.8B	5.3B	6.2B	6.0B	6.3B
Total Current Assets	2.8B	3.1B	3.9B	2.7B	2.8B	1.6B
Short Term Debt	3.4M	65.6M	629.8M	61.3M	438.7M	460.6M
Retained Earnings	(1.7B)	(1.9B)	(1.9B)	(2.1B)	(2.1B)	(2.0B)
Intangible Assets	2.9B	3.0B	2.1B	3.2B	3.0B	1.8B
Short Term Investments	6.6M	2.5M	400K	100K	90K	85.5K
Accumulated Other Comprehensive Income	139.4M	395M	35.5M	(27M)	10.7M	10.2M
Common Stock	7.4B	7.1B	7.0B	6.9B	6.8B	3.6B
Other Assets	357.4M	3.6B	384M	240.2M	276.2M	524.2M
Good Will	4.2B	3.8B	3.0B	3.5B	3.5B	2.1B
Property Plant Equipment	902.8M	996M	1.0B	1.2B	1.3B	1.4B
Other Liab	694M	923M	769.4M	801.7M	922.0M	968.1M
Common Stock Total Equity	7.4B	7.4B	7.1B	7.0B	8.1B	5.8B
Long Term Debt	3.4B	3.5B	2.9B	4.1B	3.6B	2.8B
Net Tangible Assets	2.9B	2.7B	900K	(1.9B)	(1.7B)	(1.7B)
Deferred Long Term Liab	282.3M	280.6M	279.3M	239.3M	215.4M	204.6M
Short Long Term Debt	3.4M	37.8M	603.8M	36.2M	440.6M	428.7M

Pair Trading with Perrigo Company

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 Perrigo Company 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 Perrigo Company will appreciate offsetting losses from the drop in the long position's value.

Moving together with Perrigo Stock

0.85

VCNX

Vaccinex

Pair Corr

Moving against Perrigo Stock

0.74	VRDN	Viridian Therapeutics	Pair Corr
0.69	KZR	Kezar Life Sciences	Pair Corr
0.62	EWTX	Edgewise Therapeutics	Pair Corr
0.42	GILD	Gilead Sciences	Pair Corr
0.35	BMY	Bristol Myers Squibb Sell-off Trend	Pair Corr

The ability to find closely correlated positions to Perrigo Company could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Perrigo Company 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 Perrigo Company - 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 Perrigo Company PLC to buy it.

The correlation of Perrigo Company 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 Perrigo Company moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Perrigo Company 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 Perrigo Company 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 Perrigo Company offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Perrigo Company'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 Perrigo Company Plc Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Perrigo Company Plc Stock:

How To Invest In Perrigo

Details

Is Perrigo Stock a good investment?

Details

What is Perrigo Company's Net Worth?

Details

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Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Perrigo Company PLC. 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.

You can also try the Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.

Is Pharmaceuticals 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 Perrigo Company. If investors know Perrigo 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 Perrigo Company 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

(0.64)

Dividend Share

1.101

Earnings Share

(1.07)

Revenue Per Share

32.088

Quarterly Revenue Growth

(0.03)

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

Retained Earnings vs Net Debt

Retained Earnings vs Net Debt Correlation Analysis

Correlation Coefficient

Retained Earnings

Net Debt

Perrigo Company fundamental ratios Correlations

Perrigo Company Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Perrigo Company fundamental ratios Accounts

Pair Trading with Perrigo Company

Moving together with Perrigo Stock

Moving against Perrigo Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 1.0	Cash
Non Current Assets Total	+ 0.99	Total Assets
Total Liab	+ 0.99	Non Current Liabilities Total
Non Current Assets Total	+ 0.97	Total Stockholder Equity
Total Stockholder Equity	+ 0.96	Total Assets
Non Current Liabilities Total	+ 0.95	Net Debt

Short Term Investments	- 0.74	Inventory
Intangible Assets	- 0.69	Non Currrent Assets Other
Short Term Investments	- 0.69	Property Plant And Equipment Net
Short Term Investments	- 0.67	Total Current Assets
Retained Earnings	- 0.62	Inventory
Non Currrent Assets Other	- 0.54	Non Current Assets Total