Purple Short Term Debt vs Short Term Investments 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 Short Term Debt and its Short Term Investments 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.

Short Term Debt vs Short Term Investments

Short Term Debt vs Short Term Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Purple Biotech Short Term Debt account and Short Term Investments. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Purple Biotech's Short Term Debt and Short Term Investments is -0.32. Overlapping area represents the amount of variation of Short Term Debt that can explain the historical movement of Short Term Investments 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 Short Term Debt and Short Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Short Term Debt of Purple Biotech are associated (or correlated) with its Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Term Investments has no effect on the direction of Short Term Debt i.e., Purple Biotech's Short Term Debt and Short Term Investments go up and down completely randomly.

Correlation Coefficient

-0.32
Relationship DirectionNegative 
Relationship StrengthInsignificant

Short Term Debt

Short Term Investments

Short Term Investments is an item under the current assets section of Purple Biotech balance sheet. It contains any investments Purple Biotech undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that Purple Biotech can easily liquidate in the marketplace.
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.