Seagate Price To Sales Ratio vs Interest Coverage Analysis

STX Stock

USD 99.62 0.30 0.30%

Seagate Technology financial indicator trend analysis is much more than just breaking down Seagate Technology PLC prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Seagate Technology PLC is a good investment. Please check the relationship between Seagate Technology Price To Sales Ratio and its Interest Coverage accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Seagate Technology 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 estimate.

Price To Sales Ratio vs Interest Coverage

Price To Sales Ratio vs Interest Coverage Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Seagate Technology PLC Price To Sales Ratio account and Interest Coverage. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between Seagate Technology's Price To Sales Ratio and Interest Coverage is -0.19. Overlapping area represents the amount of variation of Price To Sales Ratio that can explain the historical movement of Interest Coverage in the same time period over historical financial statements of Seagate Technology PLC, assuming nothing else is changed. The correlation between historical values of Seagate Technology's Price To Sales Ratio and Interest Coverage is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Price To Sales Ratio of Seagate Technology PLC are associated (or correlated) with its Interest Coverage. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Interest Coverage has no effect on the direction of Price To Sales Ratio i.e., Seagate Technology's Price To Sales Ratio and Interest Coverage go up and down completely randomly.

Correlation Coefficient

-0.19

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Price To Sales Ratio

Price to Sales Ratio is figured by comparing Seagate Technology PLC stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Seagate Technology sales, a figure that is much harder to manipulate than other Seagate Technology PLC multiples. Because sales tend to be more stable P/S ratio can be a good tool for screening cyclical companies fluctuating earnings patterns. A valuation ratio that compares a company's stock price to its revenues, calculated by dividing the company's market cap by its total sales or revenue over a 12-month period.

Interest Coverage

Most indicators from Seagate Technology's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Seagate Technology PLC 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Seagate Technology 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 estimate.

At this time, Seagate Technology's Selling General Administrative is fairly stable compared to the past year. Tax Provision is likely to rise to about 115.5 M in 2024, whereas Issuance Of Capital Stock is likely to drop slightly above 55.2 M in 2024.

	2021	2022	2023	2024 (projected)
Total Revenue	11.7B	7.4B	6.6B	9.8B
Depreciation And Amortization	451M	513M	264M	931M

Total Revenue Depreciation And Amortization

Seagate Technology fundamental ratios Correlations

	Total Assets	Total Stockholder Equity	Common Stock Shares Outstanding	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Other Liab	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Long Term Debt	Cash And Short Term Investments	Net Receivables	Short Term Investments	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets
Total Assets		0.34	-0.18	0.32	0.58	0.43	0.44	0.68	0.0	0.02	0.69	0.65	0.61	-0.2	-0.19	0.34	0.66	0.8	0.06	0.34	0.49	-0.07	0.5	0.43	-0.17	0.86
Total Stockholder Equity	0.34		0.73	-0.76	0.19	-0.35	0.27	0.02	-0.9	0.93	-0.19	0.48	-0.42	-0.58	-0.74	-0.72	0.61	0.62	0.48	-0.72	-0.57	0.18	-0.59	-0.71	-0.82	0.55
Common Stock Shares Outstanding	-0.18	0.73		-0.91	0.1	-0.23	0.26	-0.14	-0.88	0.91	-0.31	0.13	-0.79	-0.39	-0.47	-0.86	0.28	0.3	0.58	-0.92	-0.84	0.66	-0.88	-0.83	-0.62	0.26
Short Long Term Debt Total	0.32	-0.76	-0.91		0.07	0.51	-0.07	0.38	0.9	-0.92	0.53	0.02	0.84	0.38	0.59	0.98	-0.13	-0.15	-0.57	0.98	0.89	-0.37	0.93	0.97	0.64	-0.03
Other Current Liab	0.58	0.19	0.1	0.07		0.59	0.43	0.3	-0.03	0.07	0.64	0.21	0.24	0.12	-0.17	0.09	0.3	0.54	0.35	0.06	0.23	0.35	0.17	0.25	-0.11	0.56
Total Current Liabilities	0.43	-0.35	-0.23	0.51	0.59		0.5	0.66	0.49	-0.41	0.89	-0.07	0.54	0.25	0.5	0.49	-0.06	0.34	0.07	0.4	0.62	0.41	0.53	0.67	0.41	0.37
Other Liab	0.44	0.27	0.26	-0.07	0.43	0.5		0.43	-0.17	0.2	0.49	0.25	0.18	-0.05	-0.12	-0.08	0.35	0.49	0.44	-0.1	0.02	0.44	0.08	0.08	-0.15	0.55
Property Plant And Equipment Net	0.68	0.02	-0.14	0.38	0.3	0.66	0.43		0.21	-0.15	0.81	0.3	0.6	0.0	0.4	0.44	0.32	0.64	0.07	0.35	0.51	0.32	0.54	0.51	0.09	0.68
Net Debt	0.0	-0.9	-0.88	0.9	-0.03	0.49	-0.17	0.21		-0.96	0.43	-0.42	0.7	0.57	0.66	0.85	-0.55	-0.32	-0.49	0.86	0.83	-0.33	0.8	0.86	0.81	-0.35
Retained Earnings	0.02	0.93	0.91	-0.92	0.07	-0.41	0.2	-0.15	-0.96		-0.37	0.3	-0.69	-0.54	-0.69	-0.88	0.44	0.43	0.51	-0.9	-0.79	0.36	-0.83	-0.87	-0.79	0.36
Accounts Payable	0.69	-0.19	-0.31	0.53	0.64	0.89	0.49	0.81	0.43	-0.37		0.11	0.69	0.17	0.35	0.53	0.13	0.57	0.13	0.5	0.7	0.26	0.66	0.71	0.34	0.57
Cash	0.65	0.48	0.13	0.02	0.21	-0.07	0.25	0.3	-0.42	0.3	0.11		0.15	-0.52	-0.29	0.09	0.97	0.42	-0.07	0.07	-0.05	-0.02	0.1	0.03	-0.51	0.74
Non Current Assets Total	0.61	-0.42	-0.79	0.84	0.24	0.54	0.18	0.6	0.7	-0.69	0.69	0.15		0.27	0.4	0.85	0.04	0.18	-0.41	0.84	0.85	-0.33	0.95	0.87	0.34	0.23
Non Currrent Assets Other	-0.2	-0.58	-0.39	0.38	0.12	0.25	-0.05	0.0	0.57	-0.54	0.17	-0.52	0.27		0.43	0.42	-0.56	-0.22	-0.21	0.4	0.34	0.1	0.34	0.41	0.59	-0.32
Other Assets	-0.19	-0.74	-0.47	0.59	-0.17	0.5	-0.12	0.4	0.66	-0.69	0.35	-0.29	0.4	0.43		0.64	-0.39	-0.36	-0.37	0.52	0.5	0.19	0.54	0.59	0.6	-0.24
Long Term Debt	0.34	-0.72	-0.86	0.98	0.09	0.49	-0.08	0.44	0.85	-0.88	0.53	0.09	0.85	0.42	0.64		-0.06	-0.12	-0.61	0.97	0.84	-0.27	0.93	0.95	0.57	0.03
Cash And Short Term Investments	0.66	0.61	0.28	-0.13	0.3	-0.06	0.35	0.32	-0.55	0.44	0.13	0.97	0.04	-0.56	-0.39	-0.06		0.52	0.16	-0.07	-0.15	0.1	-0.01	-0.08	-0.57	0.81
Net Receivables	0.8	0.62	0.3	-0.15	0.54	0.34	0.49	0.64	-0.32	0.43	0.57	0.42	0.18	-0.22	-0.36	-0.12	0.52		0.39	-0.13	0.13	0.28	0.03	0.01	-0.3	0.88
Short Term Investments	0.06	0.48	0.58	-0.57	0.35	0.07	0.44	0.07	-0.49	0.51	0.13	-0.07	-0.41	-0.21	-0.37	-0.61	0.16	0.39		-0.53	-0.37	0.47	-0.41	-0.41	-0.17	0.33
Non Current Liabilities Total	0.34	-0.72	-0.92	0.98	0.06	0.4	-0.1	0.35	0.86	-0.9	0.5	0.07	0.84	0.4	0.52	0.97	-0.07	-0.13	-0.53		0.85	-0.41	0.94	0.95	0.63	0.0
Inventory	0.49	-0.57	-0.84	0.89	0.23	0.62	0.02	0.51	0.83	-0.79	0.7	-0.05	0.85	0.34	0.5	0.84	-0.15	0.13	-0.37	0.85		-0.36	0.91	0.91	0.65	0.13
Other Current Assets	-0.07	0.18	0.66	-0.37	0.35	0.41	0.44	0.32	-0.33	0.36	0.26	-0.02	-0.33	0.1	0.19	-0.27	0.1	0.28	0.47	-0.41	-0.36		-0.34	-0.2	-0.11	0.34
Other Stockholder Equity	0.5	-0.59	-0.88	0.93	0.17	0.53	0.08	0.54	0.8	-0.83	0.66	0.1	0.95	0.34	0.54	0.93	-0.01	0.03	-0.41	0.94	0.91	-0.34		0.95	0.54	0.14
Total Liab	0.43	-0.71	-0.83	0.97	0.25	0.67	0.08	0.51	0.86	-0.87	0.71	0.03	0.87	0.41	0.59	0.95	-0.08	0.01	-0.41	0.95	0.91	-0.2	0.95		0.65	0.12
Property Plant And Equipment Gross	-0.17	-0.82	-0.62	0.64	-0.11	0.41	-0.15	0.09	0.81	-0.79	0.34	-0.51	0.34	0.59	0.6	0.57	-0.57	-0.3	-0.17	0.63	0.65	-0.11	0.54	0.65		-0.33
Total Current Assets	0.86	0.55	0.26	-0.03	0.56	0.37	0.55	0.68	-0.35	0.36	0.57	0.74	0.23	-0.32	-0.24	0.03	0.81	0.88	0.33	0.0	0.13	0.34	0.14	0.12	-0.33

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Seagate Technology Account Relationship Matchups

Seagate Technology fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	8.9B	8.7B	8.9B	7.6B	7.7B	7.1B
Total Stockholder Equity	1.8B	631M	109M	(1.2B)	(1.5B)	1.5B
Common Stock Shares Outstanding	265M	245M	224M	207M	212M	488M
Liabilities And Stockholders Equity	8.9B	8.7B	8.9B	7.6B	7.7B	7.1B
Short Long Term Debt Total	4.2B	5.1B	5.6B	5.5B	6.1B	2.7B
Other Current Liab	895M	936M	899M	875M	773M	850M
Total Current Liabilities	2.7B	2.9B	3.6B	2.6B	3.1B	3.2B
Other Liab	238M	216M	229M	218M	250.7M	296.3M
Property Plant And Equipment Net	2.1B	2.2B	2.2B	1.7B	2.0B	2.2B
Net Debt	2.5B	3.9B	5.0B	4.7B	4.7B	1.3B
Retained Earnings	(4.9B)	(6.3B)	(7.1B)	(8.7B)	(9.0B)	(2.1B)
Accounts Payable	1.8B	1.7B	2.1B	1.6B	1.8B	1.6B
Cash	1.7B	1.2B	615M	786M	1.4B	1.4B
Non Current Assets Total	4.8B	4.9B	4.9B	4.7B	4.4B	2.8B
Non Currrent Assets Other	70M	119M	314M	271M	575M	209.3M
Other Assets	1.2B	1.1B	1.4B	1.4B	1.6B	1.7B
Long Term Debt	4.2B	4.9B	5.1B	5.4B	5.2B	3.3B
Cash And Short Term Investments	1.7B	1.2B	615M	786M	1.4B	1.5B
Net Receivables	989M	1.1B	1.2B	1.5B	621M	1.0B
Non Current Liabilities Total	4.4B	5.1B	5.3B	6.2B	6.1B	2.4B
Inventory	1.1B	1.2B	1.6B	1.1B	1.2B	587M
Other Current Assets	135M	208M	254M	358M	196M	1.1B
Other Stockholder Equity	6.8B	7.0B	7.2B	7.4B	7.5B	3.6B
Total Liab	7.1B	8.0B	8.8B	8.8B	9.2B	5.6B
Total Current Assets	4.1B	3.8B	4.0B	2.9B	3.3B	4.3B
Accumulated Other Comprehensive Income	(34M)	(66M)	(41M)	36M	98M	(6M)
Intangible Assets	58M	29M	9M	42M	48.3M	45.9M
Property Plant Equipment	2.2B	2.2B	2.2B	1.7B	2.0B	2.1B
Current Deferred Revenue	417M	1.1B	1.1B	1.1B	147M	94M
Net Tangible Assets	492M	(635M)	(1.1B)	(2.4B)	(2.2B)	(2.1B)
Retained Earnings Total Equity	(4.7B)	(4.3B)	(4.9B)	(8.7B)	(7.8B)	(7.4B)
Long Term Debt Total	4.3B	4.3B	4.2B	5.4B	6.2B	4.4B
Capital Surpluse	6.4B	6.5B	6.8B	7.4B	8.5B	6.5B
Non Current Liabilities Other	132M	154M	135M	685M	861M	904.1M
Common Stock	1.8B	631M	109M	7.5B	8.6B	9.0B

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Seagate Price To Sales Ratio vs Interest Coverage Analysis

Price To Sales Ratio vs Interest Coverage

Price To Sales Ratio vs Interest Coverage Correlation Analysis

Correlation Coefficient

Price To Sales Ratio

Interest Coverage

Seagate Technology fundamental ratios Correlations

Seagate Technology Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Seagate Technology fundamental ratios Accounts

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Additional Tools for Seagate Stock Analysis

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Long Term Debt	+ 0.98	Short Long Term Debt Total
Non Current Liabilities Total	+ 0.98	Short Long Term Debt Total
Total Liab	+ 0.97	Short Long Term Debt Total
Cash And Short Term Investments	+ 0.97	Cash
Non Current Liabilities Total	+ 0.97	Long Term Debt
Other Stockholder Equity	+ 0.95	Non Current Assets Total

Retained Earnings	- 0.96	Net Debt
Retained Earnings	- 0.92	Short Long Term Debt Total
Non Current Liabilities Total	- 0.92	Common Stock Shares Outstanding
Short Long Term Debt Total	- 0.91	Common Stock Shares Outstanding
Non Current Liabilities Total	- 0.9	Retained Earnings
Net Debt	- 0.9	Total Stockholder Equity