Align Balance Sheet Analysis From 2010 to 2024

ALGN Stock

USD 313.78 1.90 0.61%

Most indicators from Align Technology's financial ratios are interrelated and interconnected. However, analyzing financial ratios indicators one by one will only give a small insight into Align Technology current financial condition. On the other hand, looking into the entire matrix of financial 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 Align Technology Valuation and Align Technology Correlation analysis.

To learn how to invest in Align Stock, please use our How to Invest in Align Technology guide.

At this time, Align Technology's Selling General Administrative is very stable compared to the past year. As of the 25th of April 2024, Tax Provision is likely to grow to about 231.9 M, while Issuance Of Capital Stock is likely to drop about 24.4 M.

Most indicators from Align Technology's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Align Technology 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 Align Technology Valuation and Align Technology Correlation analysis.

To learn how to invest in Align Stock, please use our How to Invest in Align Technology guide.At this time, Align Technology's Selling General Administrative is very stable compared to the past year. As of the 25th of April 2024, Tax Provision is likely to grow to about 231.9 M, while Issuance Of Capital Stock is likely to drop about 24.4 M.

	2021	2022	2023	2024 (projected)
Total Operating Expenses	2.0B	2.0B	2.1B	2.2B
Cost Of Revenue	1.0B	1.1B	1.2B	1.2B

Total Operating Expenses Cost Of Revenue

Align Technology fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Common Stock Shares Outstanding	Short Term Investments	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Common Stock
Total Assets		0.92	0.97	0.99	1.0	0.98	0.99	-0.93	0.99	0.94	0.96	0.99	0.9	0.98	0.34	0.22	-0.35	0.99	0.96	0.83	0.6	0.99	0.95	0.98	0.2	0.23
Short Long Term Debt Total	0.92		0.86	0.91	0.92	0.9	0.91	-0.84	0.89	0.83	0.87	0.91	0.82	0.89	0.5	0.41	-0.29	0.9	0.93	0.83	0.66	0.91	0.86	0.9	0.3	0.42
Other Current Liab	0.97	0.86		0.98	0.96	0.97	0.96	-0.95	0.95	0.96	0.97	0.95	0.94	0.99	0.34	0.23	-0.26	0.97	0.92	0.78	0.61	0.98	0.92	0.98	0.12	0.24
Total Current Liabilities	0.99	0.91	0.98		0.98	1.0	1.0	-0.92	0.97	0.93	0.95	0.98	0.89	0.99	0.32	0.19	-0.33	0.99	0.98	0.87	0.57	1.0	0.97	0.98	0.2	0.2
Total Stockholder Equity	1.0	0.92	0.96	0.98		0.97	0.97	-0.94	0.99	0.94	0.96	0.99	0.9	0.97	0.36	0.25	-0.36	0.97	0.95	0.8	0.61	0.98	0.93	0.97	0.2	0.26
Property Plant And Equipment Net	0.98	0.9	0.97	1.0	0.97		1.0	-0.9	0.96	0.91	0.94	0.97	0.88	0.99	0.3	0.17	-0.33	0.99	0.98	0.89	0.56	1.0	0.98	0.98	0.19	0.18
Current Deferred Revenue	0.99	0.91	0.96	1.0	0.97	1.0		-0.88	0.96	0.89	0.92	0.98	0.86	0.98	0.29	0.16	-0.35	0.99	0.99	0.9	0.54	1.0	0.98	0.97	0.19	0.16
Net Debt	-0.93	-0.84	-0.95	-0.92	-0.94	-0.9	-0.88		-0.91	-0.94	-0.99	-0.91	-0.94	-0.95	-0.45	-0.36	0.34	-0.9	-0.84	-0.67	-0.7	-0.92	-0.84	-0.94	-0.22	-0.37
Retained Earnings	0.99	0.89	0.95	0.97	0.99	0.96	0.96	-0.91		0.94	0.94	1.0	0.84	0.95	0.23	0.11	-0.44	0.98	0.95	0.77	0.51	0.97	0.92	0.94	0.2	0.13
Accounts Payable	0.94	0.83	0.96	0.93	0.94	0.91	0.89	-0.94	0.94		0.95	0.92	0.92	0.94	0.36	0.27	-0.26	0.93	0.86	0.63	0.63	0.93	0.82	0.94	0.17	0.29
Cash	0.96	0.87	0.97	0.95	0.96	0.94	0.92	-0.99	0.94	0.95		0.94	0.94	0.97	0.42	0.32	-0.36	0.94	0.88	0.72	0.66	0.95	0.88	0.97	0.22	0.34
Non Current Assets Total	0.99	0.91	0.95	0.98	0.99	0.97	0.98	-0.91	1.0	0.92	0.94		0.85	0.96	0.29	0.16	-0.43	0.98	0.96	0.81	0.53	0.98	0.94	0.94	0.22	0.17
Cash And Short Term Investments	0.9	0.82	0.94	0.89	0.9	0.88	0.86	-0.94	0.84	0.92	0.94	0.85		0.94	0.54	0.46	-0.01	0.88	0.81	0.68	0.79	0.89	0.81	0.96	0.1	0.48
Net Receivables	0.98	0.89	0.99	0.99	0.97	0.99	0.98	-0.95	0.95	0.94	0.97	0.96	0.94		0.36	0.24	-0.27	0.98	0.95	0.84	0.62	0.99	0.95	0.99	0.18	0.25
Common Stock Total Equity	0.34	0.5	0.34	0.32	0.36	0.3	0.29	-0.45	0.23	0.36	0.42	0.29	0.54	0.36		0.97	0.25	0.25	0.26	0.31	0.88	0.31	0.28	0.43	0.32	0.95
Common Stock Shares Outstanding	0.22	0.41	0.23	0.19	0.25	0.17	0.16	-0.36	0.11	0.27	0.32	0.16	0.46	0.24	0.97		0.32	0.13	0.13	0.18	0.8	0.18	0.14	0.32	0.26	0.99
Short Term Investments	-0.35	-0.29	-0.26	-0.33	-0.36	-0.33	-0.35	0.34	-0.44	-0.26	-0.36	-0.43	-0.01	-0.27	0.25	0.32		-0.34	-0.36	-0.23	0.22	-0.34	-0.35	-0.2	-0.36	0.32
Non Current Liabilities Total	0.99	0.9	0.97	0.99	0.97	0.99	0.99	-0.9	0.98	0.93	0.94	0.98	0.88	0.98	0.25	0.13	-0.34		0.97	0.84	0.54	0.99	0.95	0.97	0.18	0.14
Inventory	0.96	0.93	0.92	0.98	0.95	0.98	0.99	-0.84	0.95	0.86	0.88	0.96	0.81	0.95	0.26	0.13	-0.36	0.97		0.91	0.51	0.98	0.96	0.94	0.21	0.14
Other Current Assets	0.83	0.83	0.78	0.87	0.8	0.89	0.9	-0.67	0.77	0.63	0.72	0.81	0.68	0.84	0.31	0.18	-0.23	0.84	0.91		0.45	0.86	0.93	0.83	0.18	0.16
Other Stockholder Equity	0.6	0.66	0.61	0.57	0.61	0.56	0.54	-0.7	0.51	0.63	0.66	0.53	0.79	0.62	0.88	0.8	0.22	0.54	0.51	0.45		0.56	0.49	0.68	0.19	0.79
Total Liab	0.99	0.91	0.98	1.0	0.98	1.0	1.0	-0.92	0.97	0.93	0.95	0.98	0.89	0.99	0.31	0.18	-0.34	0.99	0.98	0.86	0.56		0.97	0.98	0.19	0.19
Property Plant And Equipment Gross	0.95	0.86	0.92	0.97	0.93	0.98	0.98	-0.84	0.92	0.82	0.88	0.94	0.81	0.95	0.28	0.14	-0.35	0.95	0.96	0.93	0.49	0.97		0.93	0.18	0.13
Total Current Assets	0.98	0.9	0.98	0.98	0.97	0.98	0.97	-0.94	0.94	0.94	0.97	0.94	0.96	0.99	0.43	0.32	-0.2	0.97	0.94	0.83	0.68	0.98	0.93		0.16	0.33
Short Term Debt	0.2	0.3	0.12	0.2	0.2	0.19	0.19	-0.22	0.2	0.17	0.22	0.22	0.1	0.18	0.32	0.26	-0.36	0.18	0.21	0.18	0.19	0.19	0.18	0.16		0.27
Common Stock	0.23	0.42	0.24	0.2	0.26	0.18	0.16	-0.37	0.13	0.29	0.34	0.17	0.48	0.25	0.95	0.99	0.32	0.14	0.14	0.16	0.79	0.19	0.13	0.33	0.27

Click cells to compare fundamentals

Align Technology Account Relationship Matchups

Align Technology fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	2.5B	4.8B	5.9B	5.9B	6.1B	6.4B
Other Current Liab	304.2M	383.8M	584.6M	427.8M	496.1M	520.9M
Net Debt	(507.0M)	(896.4M)	(996.7M)	(815.1M)	(840.5M)	(798.4M)
Retained Earnings	439.9M	2.2B	2.6B	2.6B	2.4B	2.6B
Accounts Payable	87.3M	142.1M	163.9M	127.9M	113.1M	118.8M
Cash	550.4M	960.8M	1.1B	942.1M	937.4M	984.3M
Net Receivables	550.3M	657.7M	897.2M	859.7M	903.4M	948.6M
Inventory	112.1M	139.2M	230.2M	338.8M	296.9M	311.7M
Other Current Assets	102.5M	21.0M	125.1M	226.4M	273.6M	287.2M
Total Liab	1.2B	1.6B	2.3B	2.3B	2.5B	2.6B
Total Current Assets	1.6B	1.8B	2.5B	2.4B	2.4B	2.6B
Short Term Debt	15.7M	21.7M	22.7M	26.6M	29.7M	17.5M
Other Assets	97.7M	1.7B	1.6B	1.6B	1.9B	2.0B
Other Liab	140.1M	205.8M	292.7M	320.4M	368.4M	386.8M
Good Will	63.9M	444.8M	418.5M	407.6M	419.5M	440.5M
Intangible Assets	11.8M	130.1M	109.7M	95.7M	82.1M	86.2M
Net Tangible Assets	1.3B	2.7B	3.1B	3.1B	3.6B	3.7B
Capital Surpluse	877.5M	906.9M	974.6M	999.0M	1.1B	898.1M

Align Technology Investors Sentiment

The influence of Align Technology's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Align. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.

Investor biases related to Align Technology's public news can be used to forecast risks associated with an investment in Align. The trend in average sentiment can be used to explain how an investor holding Align can time the market purely based on public headlines and social activities around Align Technology. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.

Align Technology's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Align Technology's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Align Technology's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Align Technology.

Align Technology Implied Volatility

273.09

Align Technology's implied volatility exposes the market's sentiment of Align Technology stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Align Technology's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Align Technology stock will not fluctuate a lot when Align Technology's options are near their expiration.

Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Align Technology in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Align Technology's short interest history, or implied volatility extrapolated from Align Technology options trading.

Pair Trading with Align Technology

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 Align Technology 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 Align Technology will appreciate offsetting losses from the drop in the long position's value.

Moving together with Align Stock

0.73

HQY

HealthEquity Financial Report 3rd of June 2024

Pair Corr

Moving against Align Stock

0.75	RSLS	ReShape Lifesciences	Pair Corr
0.73	SINT	SINTX Technologies	Pair Corr
0.62	HSDT	Helius Medical Techn Financial Report 9th of May 2024	Pair Corr
0.62	CMAX	CareMax Financial Report 8th of May 2024	Pair Corr
0.6	HCAT	Health Catalyst Financial Report 14th of May 2024	Pair Corr

The ability to find closely correlated positions to Align Technology could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Align Technology 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 Align Technology - 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 Align Technology to buy it.

The correlation of Align Technology 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 Align Technology moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Align Technology 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 Align Technology 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 Correlation Correlation Matching

When determining whether Align Technology offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Align Technology'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 Align Technology Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Align Technology Stock:

How To Invest In Align

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Is Align Stock a good investment?

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What is Align Technology's Net Worth?

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Check out Align Technology Valuation and Align Technology Correlation analysis.

To learn how to invest in Align Stock, please use our How to Invest in Align Technology guide.

Note that the Align Technology information on this page should be used as a complementary analysis to other Align Technology's 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 Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.

Complementary Tools for Align Stock analysis

When running Align Technology's price analysis, check to measure Align Technology'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 Align Technology is operating at the current time. Most of Align Technology's value examination focuses on studying past and present price action to predict the probability of Align Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Align Technology's price. Additionally, you may evaluate how the addition of Align Technology to your portfolios can decrease your overall portfolio volatility.

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Is Align Technology'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 Align Technology. If investors know Align 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 Align Technology 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

2.06

Earnings Share

5.8

Revenue Per Share

50.536

Quarterly Revenue Growth

0.061

Return On Assets

0.0682

The market value of Align Technology is measured differently than its book value, which is the value of Align that is recorded on the company's balance sheet. Investors also form their own opinion of Align Technology's value that differs from its market value or its book value, called intrinsic value, which is Align Technology'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 Align Technology's market value can be influenced by many factors that don't directly affect Align Technology'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 Align Technology's value and its price as these two are different measures arrived at by different means. Investors typically determine if Align Technology is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Align Technology'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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

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Align Balance Sheet Analysis From 2010 to 2024

Align Technology fundamental ratios Correlations

Align Technology Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Align Technology fundamental ratios Accounts

Align Technology Investors Sentiment

Align Technology Implied Volatility

Pair Trading with Align Technology

Moving together with Align Stock

Moving against Align Stock

Complementary Tools for Align Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Stockholder Equity	+ 1.0	Total Assets
Property Plant And Equipment Net	+ 1.0	Total Current Liabilities
Current Deferred Revenue	+ 1.0	Total Current Liabilities
Total Liab	+ 1.0	Total Current Liabilities
Current Deferred Revenue	+ 1.0	Property Plant And Equipment Net
Total Liab	+ 1.0	Property Plant And Equipment Net

Cash	- 0.99	Net Debt
Net Receivables	- 0.95	Net Debt
Net Debt	- 0.95	Other Current Liab
Total Current Assets	- 0.94	Net Debt
Cash And Short Term Investments	- 0.94	Net Debt
Accounts Payable	- 0.94	Net Debt