Okta Interest Coverage vs Income Quality Analysis
OKTA Stock | USD 72.88 0.78 1.06% |
Okta financial indicator trend analysis is much more than just breaking down Okta Inc prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Okta Inc is a good investment. Please check the relationship between Okta Interest Coverage and its Income Quality accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Okta Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.
Interest Coverage vs Income Quality
Interest Coverage vs Income Quality Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Okta Inc Interest Coverage account and Income Quality. At this time, the significance of the direction appears to have strong relationship.
The correlation between Okta's Interest Coverage and Income Quality is 0.66. Overlapping area represents the amount of variation of Interest Coverage that can explain the historical movement of Income Quality in the same time period over historical financial statements of Okta Inc, assuming nothing else is changed. The correlation between historical values of Okta's Interest Coverage and Income Quality is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Interest Coverage of Okta Inc are associated (or correlated) with its Income Quality. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Income Quality has no effect on the direction of Interest Coverage i.e., Okta's Interest Coverage and Income Quality go up and down completely randomly.
Correlation Coefficient | 0.66 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Interest Coverage
Income Quality
An assessment of the sustainability of a company's earnings over time, considering factors like revenue source diversification and cost structure.Most indicators from Okta's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Okta Inc 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 Okta Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate. At present, Okta's Selling General Administrative is projected to increase significantly based on the last few years of reporting. The current year's Tax Provision is expected to grow to about 18.9 M, whereas Enterprise Value Over EBITDA is forecasted to decline to (66.00).
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 903.8M | 1.3B | 1.7B | 1.8B | Total Revenue | 1.3B | 1.9B | 2.3B | 2.4B |
Okta fundamental ratios Correlations
Click cells to compare fundamentals
Okta Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Okta fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 2.0B | 3.3B | 9.2B | 9.3B | 9.0B | 9.4B | |
Other Current Liab | 77.2M | 102.2M | 207M | 179M | 247M | 259.4M | |
Total Current Liabilities | 547.0M | 1.5B | 1.2B | 1.5B | 1.8B | 1.9B | |
Total Stockholder Equity | 405.3M | 694.0M | 5.9B | 5.5B | 5.9B | 6.2B | |
Other Liab | 11.6M | 22.2M | 54.7M | 41M | 47.2M | 49.5M | |
Net Tangible Assets | 324.8M | 619.0M | 203.5M | (175M) | (201.3M) | (191.2M) | |
Property Plant And Equipment Net | 178.7M | 212.4M | 213M | 181M | 131M | 109.9M | |
Current Deferred Revenue | 365.2M | 502.7M | 973.3M | 1.2B | 1.5B | 1.6B | |
Net Debt | 572.2M | 1.5B | 1.7B | 2.1B | 932M | 723.6M | |
Retained Earnings | (701.1M) | (967.5M) | (1.8B) | (2.5B) | (2.8B) | (2.7B) | |
Accounts Payable | 3.8M | 8.6M | 20M | 12M | 13.8M | 11.6M | |
Cash | 520.0M | 434.6M | 260M | 264M | 334M | 256.8M | |
Non Current Assets Total | 355.7M | 420.2M | 6.2B | 6.1B | 6.0B | 6.3B | |
Non Currrent Assets Other | 96.4M | 129.7M | 219M | 231M | 264M | 277.2M | |
Other Assets | 96.4M | 132.8M | 233.3M | 231M | 265.7M | 278.9M | |
Cash And Short Term Investments | 1.4B | 2.6B | 2.5B | 2.6B | 2.2B | 1.3B | |
Net Receivables | 130.1M | 194.8M | 398M | 481M | 559M | 587.0M | |
Common Stock Total Equity | 11K | 12K | 13K | 16K | 18.4K | 10.2K | |
Common Stock Shares Outstanding | 117.2M | 127.2M | 148.0M | 158.0M | 163.6M | 129.5M | |
Short Term Investments | 883.0M | 2.2B | 2.2B | 2.3B | 1.9B | 1.1B | |
Liabilities And Stockholders Equity | 2.0B | 3.3B | 9.2B | 9.3B | 9.0B | 9.4B | |
Non Current Liabilities Total | 1.0B | 1.1B | 2.0B | 2.4B | 1.3B | 910.5M | |
Other Current Assets | 66.6M | 127.6M | 141M | 168M | 219M | 230.0M | |
Other Stockholder Equity | 1.1B | 1.7B | 7.8B | 8.0B | 8.7B | 9.2B | |
Total Liab | 1.6B | 2.6B | 3.3B | 3.8B | 3.1B | 1.7B | |
Deferred Long Term Liab | 77.9M | 108.6M | 191.0M | 210M | 241.5M | 253.6M | |
Property Plant And Equipment Gross | 178.7M | 212.4M | 213.4M | 181M | 193M | 116.8M | |
Total Current Assets | 1.6B | 2.9B | 3.0B | 3.2B | 3.0B | 1.7B | |
Accumulated Other Comprehensive Income | 892K | 5.4M | (12M) | (33M) | (6M) | (6.3M) | |
Short Term Debt | 100.7M | 932.1M | 43M | 32M | 31M | 29.5M | |
Intangible Assets | 32.5M | 27.0M | 317M | 241M | 182M | 92.5M | |
Common Stock | 11K | 12K | 13K | 16K | 18.4K | 10.2K | |
Property Plant Equipment | 178.7M | 62.8M | 213.4M | 59M | 67.9M | 87.8M | |
Capital Surpluse | 1.1B | 1.7B | 7.7B | 8.0B | 9.2B | 9.6B | |
Non Current Liabilities Other | 3.8M | 22.2M | 54.7M | 41M | 14M | 19.3M | |
Retained Earnings Total Equity | (701.1M) | (967.5M) | (1.8B) | (2.5B) | (2.2B) | (2.1B) |
Also Currently Popular
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 Okta Inc offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Okta'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 Okta Inc Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Okta Inc Stock:Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Okta Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate. You can also try the Sync Your Broker module to sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors..
Is Internet Services & Infrastructure 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 Okta. If investors know Okta 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 Okta listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.81) | Revenue Per Share 14.715 | Quarterly Revenue Growth 0.162 | Return On Assets (0.02) | Return On Equity (0.02) |
The market value of Okta Inc is measured differently than its book value, which is the value of Okta that is recorded on the company's balance sheet. Investors also form their own opinion of Okta's value that differs from its market value or its book value, called intrinsic value, which is Okta'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 Okta's market value can be influenced by many factors that don't directly affect Okta'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 Okta's value and its price as these two are different measures arrived at by different means. Investors typically determine if Okta is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Okta'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.