Walgreens Total Current Assets vs Cash Analysis
WBA Stock | USD 17.26 0.55 3.09% |
Walgreens Boots financial indicator trend analysis is more than just analyzing Walgreens Boots Alliance current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Walgreens Boots Alliance is a good investment. Please check the relationship between Walgreens Boots Total Current Assets and its Cash accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Walgreens Boots Alliance. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of labor statistics.
Total Current Assets vs Cash
Total Current Assets vs Cash Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Walgreens Boots Alliance Total Current Assets account and Cash. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Walgreens Boots' Total Current Assets and Cash is 0.58. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Cash in the same time period over historical financial statements of Walgreens Boots Alliance, assuming nothing else is changed. The correlation between historical values of Walgreens Boots' Total Current Assets and Cash is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Current Assets of Walgreens Boots Alliance are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Total Current Assets i.e., Walgreens Boots' Total Current Assets and Cash go up and down completely randomly.
Correlation Coefficient | 0.58 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Total Current Assets
The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.Cash
Cash refers to the most liquid asset of Walgreens Boots Alliance, which is listed under current asset account on Walgreens Boots Alliance balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Walgreens Boots customers. The amounts must be unrestricted with restricted cash listed in a different Walgreens Boots account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.Most indicators from Walgreens Boots' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Walgreens Boots Alliance 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 Current Watchlist to better understand how to build diversified portfolios, which includes a position in Walgreens Boots Alliance. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of labor statistics. The current year's Selling General Administrative is expected to grow to about 40.4 B, whereas Tax Provision is projected to grow to (1.6 B).
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 28.3B | 27.1B | 31.1B | 32.7B | Total Revenue | 132.7B | 139.1B | 159.9B | 167.9B |
Walgreens Boots fundamental ratios Correlations
Click cells to compare fundamentals
Walgreens Boots Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Walgreens Boots fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 87.2B | 81.3B | 90.1B | 96.6B | 111.1B | 116.7B | |
Short Long Term Debt Total | 40.1B | 33.4B | 35.5B | 33.5B | 38.6B | 40.5B | |
Total Current Liabilities | 27.1B | 22.1B | 22.6B | 24.5B | 28.2B | 29.6B | |
Total Stockholder Equity | 21.1B | 23.8B | 29.4B | 20.0B | 23.0B | 12.2B | |
Property Plant And Equipment Net | 35.1B | 34.1B | 33.0B | 33.3B | 38.2B | 40.2B | |
Net Debt | 39.6B | 32.2B | 34.1B | 32.8B | 37.7B | 39.6B | |
Retained Earnings | 34.2B | 35.1B | 37.8B | 33.1B | 38.0B | 39.9B | |
Cash | 516M | 1.2B | 1.4B | 728M | 837.2M | 1.1B | |
Non Current Assets Total | 69.1B | 65.5B | 73.2B | 81.1B | 93.3B | 98.0B | |
Non Currrent Assets Other | (822M) | 137M | 287M | 2.6B | 2.9B | 3.1B | |
Cash And Short Term Investments | 516M | 1.2B | 2.5B | 739M | 849.9M | 1.2B | |
Net Receivables | 7.1B | 5.7B | 5.0B | 5.4B | 6.2B | 6.5B | |
Common Stock Shares Outstanding | 880.3M | 866.4M | 865.9M | 863.2M | 776.9M | 807.2M | |
Liabilities And Stockholders Equity | 87.2B | 81.3B | 90.1B | 96.6B | 111.1B | 116.7B | |
Non Current Liabilities Total | 39.0B | 35.4B | 37.1B | 43.6B | 50.1B | 52.7B | |
Inventory | 9.5B | 8.2B | 8.4B | 8.3B | 9.5B | 5.2B | |
Other Current Assets | 974M | 799M | 1.1B | 1.1B | 1.3B | 1.4B | |
Other Stockholder Equity | (9.3B) | (9.2B) | (5.6B) | (10.1B) | (9.1B) | (8.6B) | |
Total Liab | 66.0B | 57.5B | 59.7B | 68.1B | 78.4B | 82.3B | |
Total Current Assets | 18.1B | 15.8B | 16.9B | 15.5B | 17.8B | 9.2B | |
Short Term Debt | 6.0B | 3.6B | 3.3B | 3.3B | 3.8B | 3.9B | |
Accounts Payable | 14.5B | 11.1B | 11.3B | 12.6B | 14.5B | 15.3B | |
Other Liab | 3.8B | 5.3B | 5.0B | 12.4B | 14.3B | 15.0B | |
Other Assets | 660M | 2.0B | 1.7B | 2.5B | 2.9B | 3.0B | |
Long Term Debt | 12.2B | 7.7B | 10.6B | 8.1B | 9.4B | 5.9B | |
Property Plant Equipment | 33.4B | 34.1B | 33.0B | 31.8B | 36.5B | 38.3B | |
Property Plant And Equipment Gross | 35.1B | 34.1B | 33.0B | 46.2B | 53.1B | 55.8B | |
Accumulated Other Comprehensive Income | (3.8B) | (2.1B) | (2.8B) | (3.0B) | (2.7B) | (2.6B) | |
Good Will | 15.3B | 12.4B | 22.3B | 28.2B | 32.4B | 34.0B | |
Treasury Stock | (19.1B) | (20.6B) | (20.6B) | (20.7B) | (18.6B) | (17.7B) | |
Intangible Assets | 10.8B | 9.9B | 10.7B | 13.6B | 15.7B | 16.5B | |
Net Tangible Assets | 20.6B | 1.5B | 26.3B | (23.3B) | (21.0B) | (19.9B) | |
Deferred Long Term Liab | 1.8B | 1.5B | 1.9B | 1.4B | 1.3B | 1.6B | |
Long Term Investments | 7.3B | 7.0B | 5.5B | 3.5B | 3.1B | 4.8B | |
Short Long Term Debt | 3.5B | 1.3B | 1.1B | 918M | 826.2M | 784.9M |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Walgreens Boots Alliance offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Walgreens Boots' 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 Walgreens Boots Alliance Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Walgreens Boots Alliance Stock:Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Walgreens Boots Alliance. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of labor statistics. Note that the Walgreens Boots Alliance information on this page should be used as a complementary analysis to other Walgreens Boots' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Dashboard module to portfolio dashboard that provides centralized access to all your investments.
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Is Walgreens Boots' 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 Walgreens Boots. If investors know Walgreens 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 Walgreens Boots 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 (0.59) | Dividend Share 1.69 | Earnings Share (7.00) | Revenue Per Share 167.542 | Quarterly Revenue Growth 0.063 |
The market value of Walgreens Boots Alliance is measured differently than its book value, which is the value of Walgreens that is recorded on the company's balance sheet. Investors also form their own opinion of Walgreens Boots' value that differs from its market value or its book value, called intrinsic value, which is Walgreens Boots' 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 Walgreens Boots' market value can be influenced by many factors that don't directly affect Walgreens Boots' 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 Walgreens Boots' value and its price as these two are different measures arrived at by different means. Investors typically determine if Walgreens Boots is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Walgreens Boots' 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.