Stryker Accounts Payable vs Total Current Liabilities Analysis
SYK Stock | USD 332.14 6.64 2.04% |
Stryker financial indicator trend analysis is much more than just breaking down Stryker prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Stryker is a good investment. Please check the relationship between Stryker Accounts Payable and its Total Current Liabilities accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Stryker. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in manufacturing. For more information on how to buy Stryker Stock please use our How to buy in Stryker Stock guide.
Accounts Payable vs Total Current Liabilities
Accounts Payable vs Total Current Liabilities Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Stryker Accounts Payable account and Total Current Liabilities. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Stryker's Accounts Payable and Total Current Liabilities is 0.93. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of Stryker, assuming nothing else is changed. The correlation between historical values of Stryker's Accounts Payable and Total Current Liabilities is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Accounts Payable of Stryker are associated (or correlated) with its Total Current Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Liabilities has no effect on the direction of Accounts Payable i.e., Stryker's Accounts Payable and Total Current Liabilities go up and down completely randomly.
Correlation Coefficient | 0.93 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Accounts Payable
An accounting item on the balance sheet that represents Stryker obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Stryker are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.Total Current Liabilities
Total Current Liabilities is an item on Stryker balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Stryker are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.Most indicators from Stryker's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Stryker 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 Stryker. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in manufacturing. For more information on how to buy Stryker Stock please use our How to buy in Stryker Stock guide.At this time, Stryker's Selling General Administrative is quite stable compared to the past year. Enterprise Value is expected to rise to about 116.9 B this year, although the value of Tax Provision will most likely fall to about 289.7 M.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 11.0B | 11.6B | 13.1B | 13.7B | Total Revenue | 17.1B | 18.4B | 20.5B | 21.5B |
Stryker fundamental ratios Correlations
Click cells to compare fundamentals
Stryker Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Stryker fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 30.2B | 34.3B | 34.6B | 36.9B | 39.9B | 41.9B | |
Short Long Term Debt Total | 10.2B | 13.2B | 12.5B | 13.0B | 13.0B | 13.6B | |
Other Current Liab | 2.9B | 3.5B | 3.4B | 3.7B | 3.9B | 4.1B | |
Total Current Liabilities | 4.4B | 5.0B | 4.5B | 6.3B | 7.9B | 8.3B | |
Total Stockholder Equity | 12.8B | 13.1B | 14.9B | 16.6B | 18.6B | 19.5B | |
Property Plant And Equipment Net | 2.6B | 2.8B | 2.8B | 3.0B | 3.2B | 3.4B | |
Net Debt | 5.9B | 10.3B | 9.5B | 11.2B | 10.0B | 10.5B | |
Retained Earnings | 11.7B | 12.5B | 13.5B | 14.8B | 16.8B | 17.6B | |
Cash | 4.3B | 2.9B | 2.9B | 1.8B | 3.0B | 3.1B | |
Non Current Assets Total | 18.8B | 24.6B | 24.6B | 26.6B | 27.4B | 28.8B | |
Non Currrent Assets Other | 1.4B | 2.0B | 2.2B | 2.4B | 2.7B | 2.8B | |
Cash And Short Term Investments | 4.4B | 3.0B | 3.0B | 1.9B | 3.1B | 1.7B | |
Net Receivables | 2.9B | 2.7B | 3.0B | 3.6B | 3.8B | 4.0B | |
Liabilities And Stockholders Equity | 30.2B | 34.3B | 34.6B | 36.9B | 39.9B | 41.9B | |
Non Current Liabilities Total | 13.0B | 16.2B | 15.2B | 14.0B | 13.4B | 14.1B | |
Inventory | 3.3B | 3.5B | 3.3B | 4.0B | 4.8B | 5.1B | |
Other Current Assets | 760M | 488M | 662M | 787M | 857M | 520.6M | |
Other Stockholder Equity | 1.6B | 1.7B | 1.9B | 2.0B | 2.2B | 2.3B | |
Total Liab | 17.4B | 21.2B | 19.8B | 20.3B | 21.3B | 22.4B | |
Total Current Assets | 11.4B | 9.7B | 10.0B | 10.3B | 12.5B | 13.1B | |
Short Term Debt | 859M | 761M | 7M | 1.2B | 2.1B | 2.2B | |
Intangible Assets | 4.2B | 5.6B | 4.8B | 4.9B | 4.6B | 4.8B | |
Accounts Payable | 675M | 810M | 1.1B | 1.4B | 1.5B | 1.6B | |
Property Plant And Equipment Gross | 2.6B | 2.8B | 5.5B | 5.8B | 6.3B | 6.7B | |
Accumulated Other Comprehensive Income | (606M) | (1.2B) | (531M) | (221M) | (416M) | (395.2M) | |
Short Term Investments | 88M | 81M | 75M | 84M | 82M | 77.9M | |
Good Will | 9.1B | 12.8B | 12.9B | 14.9B | 15.2B | 16.0B | |
Other Liab | 2.4B | 3.0B | 2.7B | 1.8B | 2.0B | 1.1B | |
Other Assets | 2.6B | 3.5B | 4.0B | 3.9B | 4.5B | 4.7B | |
Long Term Debt | 10.2B | 13.2B | 12.5B | 11.9B | 10.9B | 11.4B | |
Property Plant Equipment | 2.6B | 2.8B | 2.8B | 3.0B | 3.4B | 3.6B | |
Net Tangible Assets | (489M) | (5.2B) | (2.9B) | (3.1B) | (2.8B) | (2.7B) | |
Retained Earnings Total Equity | 11.7B | 12.5B | 13.5B | 14.8B | 17.0B | 10.2B | |
Capital Surpluse | 1.6B | 1.7B | 1.9B | 2.0B | 2.3B | 1.5B | |
Non Current Liabilities Other | 2.7B | 3.0B | 1.8B | 1.5B | 1.9B | 1.8B | |
Accumulated Depreciation | (2.1B) | (2.4B) | (2.7B) | (2.8B) | (2.6B) | (2.7B) |
Currently Active Assets on Macroaxis
When determining whether Stryker is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Stryker Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Stryker Stock. Highlighted below are key reports to facilitate an investment decision about Stryker Stock:Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Stryker. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in manufacturing. For more information on how to buy Stryker Stock please use our How to buy in Stryker Stock guide.You can also try the Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.
Complementary Tools for Stryker Stock analysis
When running Stryker's price analysis, check to measure Stryker'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 Stryker is operating at the current time. Most of Stryker's value examination focuses on studying past and present price action to predict the probability of Stryker's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Stryker's price. Additionally, you may evaluate how the addition of Stryker to your portfolios can decrease your overall portfolio volatility.
Odds Of Bankruptcy Get analysis of equity chance of financial distress in the next 2 years | |
Portfolio Rebalancing Analyze risk-adjusted returns against different time horizons to find asset-allocation targets | |
Portfolio Manager State of the art Portfolio Manager to monitor and improve performance of your invested capital | |
Watchlist Optimization Optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm | |
Fundamental Analysis View fundamental data based on most recent published financial statements | |
Theme Ratings Determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
Economic Indicators Top statistical indicators that provide insights into how an economy is performing | |
Content Syndication Quickly integrate customizable finance content to your own investment portal | |
Idea Analyzer Analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas | |
Piotroski F Score Get Piotroski F Score based on the binary analysis strategy of nine different fundamentals |
Is Stryker's industry 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 Stryker. If investors know Stryker 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 Stryker 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 0.331 | Dividend Share 3.1 | Earnings Share 8.76 | Revenue Per Share 55.173 | Quarterly Revenue Growth 0.097 |
The market value of Stryker is measured differently than its book value, which is the value of Stryker that is recorded on the company's balance sheet. Investors also form their own opinion of Stryker's value that differs from its market value or its book value, called intrinsic value, which is Stryker'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 Stryker's market value can be influenced by many factors that don't directly affect Stryker'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 Stryker's value and its price as these two are different measures arrived at by different means. Investors typically determine if Stryker is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Stryker'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.