Purple Net Tangible Assets vs Net Debt Analysis

PRPL Stock

USD 0.81 0.01 1.22%

Purple Innovation financial indicator trend analysis is much more than just breaking down Purple Innovation prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Purple Innovation is a good investment. Please check the relationship between Purple Innovation Net Tangible Assets and its Net Debt accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Purple Innovation. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

For more information on how to buy Purple Stock please use our How to buy in Purple Stock guide.

Net Tangible Assets vs Net Debt

Net Tangible Assets vs Net Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Purple Innovation Net Tangible Assets account and Net Debt. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Purple Innovation's Net Tangible Assets and Net Debt is 0.81. Overlapping area represents the amount of variation of Net Tangible Assets that can explain the historical movement of Net Debt in the same time period over historical financial statements of Purple Innovation, assuming nothing else is changed. The correlation between historical values of Purple Innovation's Net Tangible Assets and Net Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Tangible Assets of Purple Innovation are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Net Tangible Assets i.e., Purple Innovation's Net Tangible Assets and Net Debt go up and down completely randomly.

Correlation Coefficient

0.81

Relationship Direction	Positive
Relationship Strength	Strong

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Net Tangible Assets

The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.

Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.

Most indicators from Purple Innovation's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Purple Innovation 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 Purple Innovation. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

For more information on how to buy Purple Stock please use our How to buy in Purple Stock guide.The value of Selling General Administrative is expected to slide to about 41.1 M. The value of Tax Provision is estimated to slide to about 59.9 K

	2022	2023	2024	2025 (projected)
Gross Profit	208.1M	171.8M	181.1M	157.1M
Total Revenue	573.2M	510.5M	487.9M	393.2M

Gross Profit Total Revenue

Purple Innovation fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Tangible Assets	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Inventory	Total Liab	Short Long Term Debt	Total Current Assets	Short Term Debt	Property Plant Equipment	Current Deferred Revenue	Non Currrent Assets Other	Other Assets	Common Stock Total Equity	Non Current Liabilities Total
Total Assets		0.88	0.82	0.9	0.69	0.84	0.83	0.55	-0.56	0.9	0.88	0.98	0.88	0.8	0.7	0.93	0.95	0.63	0.94	0.65	0.82	0.72	-0.08	0.73	-0.75	0.95
Short Long Term Debt Total	0.88		0.79	0.91	0.43	0.9	0.97	0.81	-0.8	0.84	0.68	0.82	0.68	0.89	0.87	0.94	0.92	0.8	0.88	0.83	0.94	0.69	-0.18	0.45	-0.8	0.9
Other Current Liab	0.82	0.79		0.93	0.33	0.75	0.72	0.48	-0.55	0.95	0.81	0.72	0.81	0.88	0.67	0.88	0.89	0.75	0.89	0.48	0.73	0.87	0.07	0.6	-0.88	0.85
Total Current Liabilities	0.9	0.91	0.93		0.38	0.84	0.85	0.59	-0.62	0.97	0.86	0.79	0.86	0.94	0.74	0.98	0.97	0.86	0.98	0.65	0.83	0.79	-0.21	0.62	-0.92	0.93
Total Stockholder Equity	0.69	0.43	0.33	0.38		0.37	0.48	0.15	-0.13	0.42	0.47	0.8	0.47	0.35	0.25	0.46	0.45	0.05	0.46	0.37	0.32	0.3	0.19	0.46	-0.22	0.47
Net Tangible Assets	0.84	0.9	0.75	0.84	0.37		0.88	0.81	-0.86	0.75	0.69	0.79	0.69	0.83	0.94	0.83	0.85	0.68	0.83	0.86	0.93	0.57	-0.2	0.43	-0.76	0.85
Property Plant And Equipment Net	0.83	0.97	0.72	0.85	0.48	0.88		0.83	-0.81	0.77	0.59	0.79	0.59	0.9	0.88	0.9	0.83	0.74	0.82	0.91	0.9	0.62	-0.13	0.32	-0.77	0.81
Net Debt	0.55	0.81	0.48	0.59	0.15	0.81	0.83		-0.98	0.5	0.23	0.53	0.23	0.69	0.94	0.66	0.58	0.56	0.52	0.88	0.91	0.48	-0.13	-0.06	-0.62	0.57
Retained Earnings	-0.56	-0.8	-0.55	-0.62	-0.13	-0.86	-0.81	-0.98		-0.51	-0.28	-0.54	-0.28	-0.72	-0.98	-0.65	-0.6	-0.57	-0.54	-0.87	-0.91	-0.47	0.13	0.02	0.64	-0.59
Accounts Payable	0.9	0.84	0.95	0.97	0.42	0.75	0.77	0.5	-0.51		0.89	0.8	0.89	0.88	0.65	0.97	0.95	0.78	0.97	0.55	0.78	0.87	-0.03	0.68	-0.9	0.92
Cash	0.88	0.68	0.81	0.86	0.47	0.69	0.59	0.23	-0.28	0.89		0.79	1.0	0.68	0.46	0.82	0.9	0.63	0.93	0.37	0.59	0.65	-0.16	0.9	-0.69	0.9
Non Current Assets Total	0.98	0.82	0.72	0.79	0.8	0.79	0.79	0.53	-0.54	0.8	0.79		0.79	0.69	0.67	0.85	0.87	0.48	0.84	0.62	0.77	0.65	0.0	0.69	-0.62	0.89
Cash And Short Term Investments	0.88	0.68	0.81	0.86	0.47	0.69	0.59	0.23	-0.28	0.89	1.0	0.79		0.68	0.46	0.82	0.9	0.63	0.93	0.37	0.59	0.65	-0.16	0.9	-0.69	0.9
Net Receivables	0.8	0.89	0.88	0.94	0.35	0.83	0.9	0.69	-0.72	0.88	0.68	0.69	0.68		0.81	0.92	0.85	0.83	0.89	0.76	0.82	0.73	-0.15	0.35	-0.91	0.79
Common Stock Shares Outstanding	0.7	0.87	0.67	0.74	0.25	0.94	0.88	0.94	-0.98	0.65	0.46	0.67	0.46	0.81		0.76	0.72	0.64	0.69	0.9	0.95	0.56	-0.13	0.16	-0.73	0.71
Inventory	0.93	0.94	0.88	0.98	0.46	0.83	0.9	0.66	-0.65	0.97	0.82	0.85	0.82	0.92	0.76		0.97	0.8	0.97	0.71	0.88	0.82	-0.12	0.59	-0.89	0.94
Total Liab	0.95	0.92	0.89	0.97	0.45	0.85	0.83	0.58	-0.6	0.95	0.9	0.87	0.9	0.85	0.72	0.97		0.79	0.98	0.62	0.85	0.76	-0.18	0.74	-0.82	0.99
Short Long Term Debt	0.63	0.8	0.75	0.86	0.05	0.68	0.74	0.56	-0.57	0.78	0.63	0.48	0.63	0.83	0.64	0.8	0.79		0.8	0.59	0.7	0.65	-0.33	0.38	-0.85	0.74
Total Current Assets	0.94	0.88	0.89	0.98	0.46	0.83	0.82	0.52	-0.54	0.97	0.93	0.84	0.93	0.89	0.69	0.97	0.98	0.8		0.62	0.8	0.75	-0.2	0.72	-0.86	0.96
Short Term Debt	0.65	0.83	0.48	0.65	0.37	0.86	0.91	0.88	-0.87	0.55	0.37	0.62	0.37	0.76	0.9	0.71	0.62	0.59	0.62		0.85	0.41	-0.14	0.05	-0.63	0.6
Property Plant Equipment	0.82	0.94	0.73	0.83	0.32	0.93	0.9	0.91	-0.91	0.78	0.59	0.77	0.59	0.82	0.95	0.88	0.85	0.7	0.8	0.85		0.69	-0.13	0.33	-0.79	0.84
Current Deferred Revenue	0.72	0.69	0.87	0.79	0.3	0.57	0.62	0.48	-0.47	0.87	0.65	0.65	0.65	0.73	0.56	0.82	0.76	0.65	0.75	0.41	0.69		0.29	0.47	-0.86	0.72
Non Currrent Assets Other	-0.08	-0.18	0.07	-0.21	0.19	-0.2	-0.13	-0.13	0.13	-0.03	-0.16	0.0	-0.16	-0.15	-0.13	-0.12	-0.18	-0.33	-0.2	-0.14	-0.13	0.29		-0.09	0.12	-0.17
Other Assets	0.73	0.45	0.6	0.62	0.46	0.43	0.32	-0.06	0.02	0.68	0.9	0.69	0.9	0.35	0.16	0.59	0.74	0.38	0.72	0.05	0.33	0.47	-0.09		-0.38	0.77
Common Stock Total Equity	-0.75	-0.8	-0.88	-0.92	-0.22	-0.76	-0.77	-0.62	0.64	-0.9	-0.69	-0.62	-0.69	-0.91	-0.73	-0.89	-0.82	-0.85	-0.86	-0.63	-0.79	-0.86	0.12	-0.38		-0.76
Non Current Liabilities Total	0.95	0.9	0.85	0.93	0.47	0.85	0.81	0.57	-0.59	0.92	0.9	0.89	0.9	0.79	0.71	0.94	0.99	0.74	0.96	0.6	0.84	0.72	-0.17	0.77	-0.76

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Purple Innovation Account Relationship Matchups

Purple Innovation fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	554.7M	642.5M	433.3M	390.6M	307.8M	298.4M
Short Long Term Debt Total	93.6M	182.3M	150.9M	153.0M	158.1M	79.8M
Other Current Liab	45.1M	37.4M	16.8M	36.5M	35.3M	23.9M
Total Current Liabilities	132.2M	142.0M	99.4M	111.0M	101.0M	72.7M
Total Stockholder Equity	159.9M	145.8M	178.0M	115.4M	20.2M	19.2M
Net Tangible Assets	(3.5M)	150.0M	132.6M	146.8M	168.9M	177.3M
Property Plant And Equipment Net	102.9M	180.7M	239.2M	224.4M	169.4M	99.1M
Net Debt	(29.4M)	90.7M	109.1M	126.1M	129.1M	135.6M
Retained Earnings	(4.6M)	(261.8M)	(351.5M)	(476.0M)	(573.9M)	(545.2M)
Accounts Payable	69.6M	79.8M	46.4M	49.8M	40.6M	38.3M
Cash	123.0M	91.6M	41.8M	26.9M	29.0M	36.0M
Non Current Assets Total	325.7M	413.0M	271.9M	248.8M	181.5M	193.1M
Cash And Short Term Investments	123.0M	91.6M	41.8M	26.9M	29.0M	36.0M
Net Receivables	29.1M	25.4M	34.6M	37.8M	33.1M	20.6M
Common Stock Shares Outstanding	39.2M	67.3M	81.8M	103.9M	107.3M	112.7M
Liabilities And Stockholders Equity	554.7M	642.5M	433.3M	390.6M	307.8M	298.4M
Inventory	65.7M	98.7M	73.2M	66.9M	56.9M	45.2M
Total Liab	394.5M	495.9M	254.4M	275.0M	287.6M	195.3M
Total Current Assets	229.1M	229.5M	161.5M	141.8M	126.4M	105.3M
Short Term Debt	5.2M	9.4M	27.4M	17.0M	15.7M	16.4M
Property Plant Equipment	32.0M	61.5M	180.7M	136.7M	157.2M	165.0M
Current Deferred Revenue	6.3M	10.9M	4.5M	5.7M	6.4M	5.6M
Non Currrent Assets Other	1.6M	1.3M	1.5M	2.2M	3.2M	3.0M
Other Assets	525K	254.2M	219.1M	1.5M	1.8M	1.7M
Long Term Debt	41.4M	94.1M	23.7M	26.9M	55.4M	33.7M
Non Current Liabilities Total	262.3M	353.9M	155.0M	164.0M	186.6M	134.9M
Other Current Assets	5.4M	13.8M	11.9M	10.3M	7.4M	6.1M
Other Stockholder Equity	333.0M	407.6M	529.5M	591.4M	594.1M	623.8M
Intangible Assets	9.9M	13.2M	26.2M	22.2M	8.9M	9.3M
Common Stock	6K	7K	9K	11K	9.9K	9.4K
Other Liab	30.2M	171.9M	178.6M	17.9M	20.6M	19.5M
Non Current Liabilities Other	262.3M	353.9M	157.1M	5K	911K	865.5K
Net Invested Capital	203.3M	242.2M	201.6M	144.5M	75.6M	142.7M
Net Working Capital	96.9M	87.5M	64.1M	30.8M	25.4M	45.3M

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When determining whether Purple Innovation is a strong investment it is important to analyze Purple Innovation's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Purple Innovation's future performance. For an informed investment choice regarding Purple Stock, refer to the following important reports:

How To Invest In Purple

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Is Purple Stock a good investment?

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What is Purple Innovation's Net Worth?

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Largest Household Appliances Companies

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Largest Furnishings, Fixtures & Appliances Companies

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Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Purple Innovation. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

For more information on how to buy Purple Stock please use our How to buy in Purple Stock guide.

You can also try the Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.

Is Household Appliances 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 Purple Innovation. If investors know Purple 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 Purple Innovation 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

(0.60)

Earnings Share

(0.78)

Revenue Per Share

4.241

Quarterly Revenue Growth

(0.13)

Return On Assets

(0.08)

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

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Purple Net Tangible Assets vs Net Debt Analysis

Net Tangible Assets vs Net Debt

Net Tangible Assets vs Net Debt Correlation Analysis

Correlation Coefficient

Net Tangible Assets

Net Debt

Purple Innovation fundamental ratios Correlations

Purple Innovation Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Purple Innovation fundamental ratios Accounts

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COMPANY

Cash And Short Term Investments	+ 1.0	Cash
Non Current Liabilities Total	+ 0.99	Total Liab
Non Current Assets Total	+ 0.98	Total Assets
Inventory	+ 0.98	Total Current Liabilities
Total Current Assets	+ 0.98	Total Current Liabilities
Total Current Assets	+ 0.98	Total Liab

Common Stock Shares Outstanding	- 0.98	Retained Earnings
Retained Earnings	- 0.98	Net Debt
Common Stock Total Equity	- 0.92	Total Current Liabilities
Common Stock Total Equity	- 0.91	Net Receivables
Property Plant Equipment	- 0.91	Retained Earnings
Common Stock Total Equity	- 0.9	Accounts Payable