Perrigo Short Term Debt vs Common Stock Analysis

PRGO Stock  USD 27.59  0.30  1.10%   
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 Short Term Debt and its Common Stock 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.

Short Term Debt vs Common Stock

Short Term Debt vs Common Stock Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Perrigo Company Short Term Debt account and Common Stock. At this time, the significance of the direction appears to have very week relationship.
The correlation between Perrigo Company's Short Term Debt and Common Stock is 0.27. Overlapping area represents the amount of variation of Short Term Debt that can explain the historical movement of Common Stock 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 Short Term Debt and Common Stock 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 Perrigo Company PLC are associated (or correlated) with its Common Stock. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock has no effect on the direction of Short Term Debt i.e., Perrigo Company's Short Term Debt and Common Stock go up and down completely randomly.

Correlation Coefficient

0.27
Relationship DirectionPositive 
Relationship StrengthVery Weak

Short Term Debt

Common Stock

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 13th of December 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 Profit1.4B1.5B1.7B921.9M
Total Revenue4.1B4.5B4.7B2.7B

Perrigo Company fundamental ratios Correlations

0.820.740.690.960.680.750.780.360.99-0.50.370.830.80.880.380.28-0.010.860.760.120.040.88-0.40.890.24
0.820.690.820.740.610.890.480.30.81-0.280.30.660.740.920.570.220.020.920.630.45-0.190.66-0.440.790.34
0.740.690.830.670.610.760.480.10.72-0.190.10.730.880.760.580.53-0.170.80.630.2-0.460.49-0.360.880.43
0.690.820.830.560.670.840.460.390.64-0.190.390.650.870.850.750.40.020.910.740.61-0.50.4-0.520.80.38
0.960.740.670.560.540.610.790.340.97-0.490.340.780.660.770.240.19-0.080.740.660.020.210.94-0.380.820.12
0.680.610.610.670.540.590.560.480.6-0.050.480.530.860.670.80.630.360.690.890.19-0.410.34-0.690.760.38
0.750.890.760.840.610.590.520.020.76-0.340.030.670.780.950.60.26-0.080.950.520.36-0.350.55-0.30.770.44
0.780.480.480.460.790.560.520.30.78-0.370.30.670.560.650.30.130.010.630.6-0.030.20.74-0.490.630.03
0.360.30.10.390.340.480.020.30.27-0.061.00.170.360.240.310.20.580.280.730.520.00.21-0.50.34-0.02
0.990.810.720.640.970.60.760.780.27-0.540.270.820.740.870.30.21-0.080.840.670.070.10.92-0.320.860.22
-0.5-0.28-0.19-0.19-0.49-0.05-0.34-0.37-0.06-0.54-0.06-0.33-0.14-0.490.050.150.12-0.44-0.160.19-0.44-0.69-0.02-0.20.11
0.370.30.10.390.340.480.030.31.00.27-0.060.180.360.240.310.190.580.280.730.520.00.22-0.50.34-0.02
0.830.660.730.650.780.530.670.670.170.82-0.330.180.760.710.260.08-0.210.720.660.02-0.020.65-0.370.760.1
0.80.740.880.870.660.860.780.560.360.74-0.140.360.760.810.70.540.160.850.860.31-0.520.44-0.490.940.39
0.880.920.760.850.770.670.950.650.240.87-0.490.240.710.810.630.290.030.990.670.32-0.20.72-0.440.820.34
0.380.570.580.750.240.80.60.30.310.30.050.310.260.70.630.590.30.670.640.39-0.620.08-0.740.550.36
0.280.220.530.40.190.630.260.130.20.210.150.190.080.540.290.590.170.320.530.07-0.51-0.01-0.310.470.75
-0.010.02-0.170.02-0.080.36-0.080.010.58-0.080.120.58-0.210.160.030.30.170.030.350.24-0.28-0.15-0.230.11-0.12
0.860.920.80.910.740.690.950.630.280.84-0.440.280.720.850.990.670.320.030.70.39-0.270.67-0.470.840.36
0.760.630.630.740.660.890.520.60.730.67-0.160.730.660.860.670.640.530.350.70.33-0.250.45-0.670.790.29
0.120.450.20.610.020.190.36-0.030.520.070.190.520.020.310.320.390.070.240.390.33-0.46-0.09-0.150.270.21
0.04-0.19-0.46-0.50.21-0.41-0.350.20.00.1-0.440.0-0.02-0.52-0.2-0.62-0.51-0.28-0.27-0.25-0.460.430.07-0.38-0.39
0.880.660.490.40.940.340.550.740.210.92-0.690.220.650.440.720.08-0.01-0.150.670.45-0.090.43-0.250.63-0.01
-0.4-0.44-0.36-0.52-0.38-0.69-0.3-0.49-0.5-0.32-0.02-0.5-0.37-0.49-0.44-0.74-0.31-0.23-0.47-0.67-0.150.07-0.25-0.370.01
0.890.790.880.80.820.760.770.630.340.86-0.20.340.760.940.820.550.470.110.840.790.27-0.380.63-0.370.34
0.240.340.430.380.120.380.440.03-0.020.220.11-0.020.10.390.340.360.75-0.120.360.290.21-0.39-0.010.010.34
Click cells to compare fundamentals

Perrigo Company Account Relationship Matchups

Perrigo Company fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets11.3B11.5B10.4B11.0B10.8B5.7B
Short Long Term Debt Total3.4B3.6B3.5B4.1B4.1B4.3B
Other Current Liab812.2M855.8M530.4M500.6M627.8M659.2M
Total Current Liabilities1.3B1.4B1.6B1.1B1.6B1.7B
Total Stockholder Equity5.8B5.7B5.2B4.8B4.8B2.9B
Property Plant And Equipment Net1.0B1.2B1.0B1.1B1.1B560.8M
Net Debt3.0B2.9B1.7B3.5B3.3B3.5B
Accounts Payable520.2M451.6M411.2M537.3M477.7M300.3M
Cash354.3M641.5M1.9B600.7M751.3M377.1M
Non Current Assets Total8.5B8.4B6.6B8.3B8.0B4.2B
Non Currrent Assets Other379.6M292M308M158.3M243.3M255.5M
Cash And Short Term Investments354.3M641.5M1.9B600.7M751.3M384.3M
Net Receivables1.2B613.2M652.9M697.1M739.6M505.3M
Common Stock Shares Outstanding136.5M136.1M133.6M134.5M135.3M109.0M
Liabilities And Stockholders Equity11.3B11.5B10.4B11.0B10.8B5.7B
Non Current Liabilities Total4.2B4.5B3.7B5.1B4.5B4.7B
Inventory967.3M1.2B1.0B1.2B1.1B1.2B
Other Current Assets192.1M826.9M321.9M271.8M201.1M129.2M
Other Stockholder Equity400K395M7.0B6.9B(135.5M)(128.7M)
Total Liab5.5B5.8B5.3B6.2B6.0B6.3B
Total Current Assets2.8B3.1B3.9B2.7B2.8B1.6B
Short Term Debt3.4M65.6M629.8M61.3M438.7M460.6M
Retained Earnings(1.7B)(1.9B)(1.9B)(2.1B)(2.1B)(2.0B)
Intangible Assets2.9B3.0B2.1B3.2B3.0B1.8B
Short Term Investments6.6M2.5M400K100K90K85.5K
Accumulated Other Comprehensive Income139.4M395M35.5M(27M)10.7M10.2M
Common Stock7.4B7.1B7.0B6.9B6.8B3.6B
Other Assets357.4M3.6B384M240.2M276.2M524.2M
Good Will4.2B3.8B3.0B3.5B3.5B2.1B
Property Plant Equipment902.8M996M1.0B1.2B1.3B1.4B
Other Liab694M923M769.4M801.7M922.0M968.1M
Common Stock Total Equity7.4B7.4B7.1B7.0B8.1B5.8B
Long Term Debt3.4B3.5B2.9B4.1B3.6B2.8B
Net Tangible Assets2.9B2.7B900K(1.9B)(1.7B)(1.7B)
Deferred Long Term Liab282.3M280.6M279.3M239.3M215.4M204.6M
Short Long Term Debt3.4M37.8M603.8M36.2M440.6M428.7M

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 against Perrigo Stock

  0.62ALVO AlvotechPairCorr
  0.59PFE Pfizer Inc Fiscal Year End 4th of February 2025 PairCorr
  0.54AMGN Amgen IncPairCorr
  0.52LLY Eli LillyPairCorr
  0.48ABBV AbbVie IncPairCorr
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 CorrelationCorrelation 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:
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 Technical Analysis module to check basic technical indicators and analysis based on most latest market data.
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
(1.08)
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.