Purple Good Will vs Net Debt Analysis

PPBT Stock  USD 4.11  0.17  3.97%   
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 Good Will and its Net Debt 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.

Good Will vs Net Debt

Good Will vs Net Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Purple Biotech Good Will account and Net Debt. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Purple Biotech's Good Will and Net Debt is 0.51. Overlapping area represents the amount of variation of Good Will that can explain the historical movement of Net Debt 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 Good Will 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 Good Will of Purple Biotech 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 Good Will i.e., Purple Biotech's Good Will and Net Debt go up and down completely randomly.

Correlation Coefficient

0.51
Relationship DirectionPositive 
Relationship StrengthWeak

Good Will

An intangible asset that arises when a company acquires another business for more than the fair market value of its net identifiable assets, representing the value of the brand, customer base, and other intangible factors.

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 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.Enterprise Value is likely to gain to about 11 M in 2024, whereas Selling General Administrative is likely to drop slightly above 4.6 M in 2024.

Purple Biotech fundamental ratios Correlations

0.60.651.0-0.76-0.770.570.810.970.280.280.420.080.920.580.970.980.840.98-0.150.890.770.590.960.760.97
0.60.920.54-0.67-0.790.630.70.440.270.390.43-0.160.780.760.450.590.710.59-0.040.330.130.660.630.70.53
0.650.920.58-0.74-0.880.760.760.460.510.520.61-0.080.870.870.480.630.790.630.040.340.080.760.710.790.55
1.00.540.58-0.73-0.730.530.780.990.240.230.370.10.890.520.990.980.810.98-0.180.910.810.540.950.720.98
-0.76-0.67-0.74-0.730.88-0.82-0.97-0.69-0.26-0.63-0.63-0.13-0.85-0.78-0.69-0.7-0.84-0.70.23-0.56-0.27-0.52-0.75-0.66-0.68
-0.77-0.79-0.88-0.730.88-0.94-0.83-0.64-0.43-0.74-0.780.0-0.91-0.95-0.64-0.77-0.97-0.770.19-0.56-0.21-0.69-0.83-0.79-0.73
0.570.630.760.53-0.82-0.940.710.430.380.880.85-0.020.750.930.430.590.90.59-0.330.43-0.010.520.690.680.56
0.810.70.760.78-0.97-0.830.710.730.270.470.50.160.890.690.730.740.780.74-0.210.610.370.520.790.70.7
0.970.440.460.99-0.69-0.640.430.730.170.140.260.170.820.411.00.950.730.95-0.190.910.860.460.890.640.96
0.280.270.510.24-0.26-0.430.380.270.170.160.310.010.450.450.210.290.350.290.24-0.07-0.090.750.290.650.18
0.280.390.520.23-0.63-0.740.880.470.140.160.93-0.080.460.830.140.260.710.26-0.210.23-0.270.330.410.360.28
0.420.430.610.37-0.63-0.780.850.50.260.310.93-0.130.560.890.280.380.790.380.090.3-0.130.540.50.410.4
0.08-0.16-0.080.1-0.130.0-0.020.160.170.01-0.08-0.130.09-0.110.160.01-0.090.01-0.10.010.06-0.13-0.02-0.04-0.02
0.920.780.870.89-0.85-0.910.750.890.820.450.460.560.090.770.830.90.90.9-0.130.710.490.710.940.870.85
0.580.760.870.52-0.78-0.950.930.690.410.450.830.89-0.110.770.430.570.90.570.00.34-0.050.720.660.660.54
0.970.450.480.99-0.69-0.640.430.731.00.210.140.280.160.830.430.950.740.95-0.140.890.850.50.890.650.96
0.980.590.630.98-0.7-0.770.590.740.950.290.260.380.010.90.570.950.851.0-0.230.90.770.540.980.760.98
0.840.710.790.81-0.84-0.970.90.780.730.350.710.79-0.090.90.90.740.850.85-0.190.710.370.660.90.770.84
0.980.590.630.98-0.7-0.770.590.740.950.290.260.380.010.90.570.951.00.85-0.230.90.770.540.980.760.98
-0.15-0.040.04-0.180.230.19-0.33-0.21-0.190.24-0.210.09-0.1-0.130.0-0.14-0.23-0.19-0.23-0.37-0.160.38-0.26-0.25-0.23
0.890.330.340.91-0.56-0.560.430.610.91-0.070.230.30.010.710.340.890.90.710.9-0.370.860.210.890.520.94
0.770.130.080.81-0.27-0.21-0.010.370.86-0.09-0.27-0.130.060.49-0.050.850.770.370.77-0.160.860.130.680.340.81
0.590.660.760.54-0.52-0.690.520.520.460.750.330.54-0.130.710.720.50.540.660.540.380.210.130.540.760.5
0.960.630.710.95-0.75-0.830.690.790.890.290.410.5-0.020.940.660.890.980.90.98-0.260.890.680.540.80.95
0.760.70.790.72-0.66-0.790.680.70.640.650.360.41-0.040.870.660.650.760.770.76-0.250.520.340.760.80.69
0.970.530.550.98-0.68-0.730.560.70.960.180.280.4-0.020.850.540.960.980.840.98-0.230.940.810.50.950.69
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Purple Biotech Account Relationship Matchups

Purple Biotech fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets14.7M83.8M70.2M54.6M44.3M32.4M
Other Current Liab1.1M1.7M2.6M4.7M3.5M2.2M
Total Current Liabilities3.5M3.1M4.3M7.1M7.2M3.7M
Total Stockholder Equity10.4M79.4M64.8M46.9M34.2M27.6M
Net Debt(4.2M)(10.4M)(10.1M)(14.5M)(14.1M)(13.4M)
Retained Earnings(49.5M)(77.5M)(95.9M)(117.6M)(137.5M)(130.6M)
Accounts Payable1.2M1.2M1.5M2.1M3.5M3.7M
Cash4.4M11.2M10.9M15.0M14.5M8.4M
Cash And Short Term Investments6.4M57.8M47.2M32.1M15.4M19.6M
Common Stock Shares Outstanding1.9M17.2M17.8M18.5M221.3M232.4M
Liabilities And Stockholders Equity14.7M83.8M70.2M54.6M44.3M32.4M
Non Current Liabilities Total313K953K842K466K2.8M3.0M
Other Current Assets1.9M977K1.3M1.1M376K357.2K
Other Stockholder Equity56.9M118.9M124.0M126.4M133.2M72.8M
Total Liab3.9M4.1M5.1M7.5M10.0M10.5M
Total Current Assets8.3M59.3M48.5M33.3M15.8M20.9M
Accumulated Other Comprehensive Income3.1M8.0M8.8M10.1M38.5M40.4M
Property Plant And Equipment Net244K968K896K682K470K409.3K
Non Current Assets Total6.4M24.5M21.7M21.4M28.5M29.9M
Property Plant And Equipment Gross244K968K896K682K470K409.3K
Other Liab285K265K292K145K130.5K124.0K
Net Tangible Assets4.2M58.9M44.3M26.2M30.2M24.0M
Short Term Investments2.0M46.6M36.3M17.1M923K876.9K
Property Plant Equipment244K968K896K682K784.3K451.2K
Net Invested Capital10.4M79.4M64.8M46.9M34.2M39.9M
Net Working Capital4.8M56.2M44.2M26.2M8.6M8.2M

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Additional Tools for Purple Stock Analysis

When running Purple Biotech's price analysis, check to measure Purple Biotech's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Purple Biotech is operating at the current time. Most of Purple Biotech's value examination focuses on studying past and present price action to predict the probability of Purple Biotech's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Purple Biotech's price. Additionally, you may evaluate how the addition of Purple Biotech to your portfolios can decrease your overall portfolio volatility.