STX Stock | | | USD 87.31 0.23 0.26% |
Seagate Technology financial indicator trend analysis is much more than just breaking down Seagate Technology PLC prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Seagate Technology PLC is a good investment. Please check the relationship between Seagate Technology Long Term Debt and its Property Plant And Equipment Gross accounts. Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in Seagate Technology PLC. 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.
Long Term Debt vs Property Plant And Equipment Gross
Long Term Debt vs Property Plant And Equipment Gross Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Seagate Technology PLC Long Term Debt account and
Property Plant And Equipment Gross. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Seagate Technology's Long Term Debt and Property Plant And Equipment Gross is 0.57. Overlapping area represents the amount of variation of Long Term Debt that can explain the historical movement of Property Plant And Equipment Gross in the same time period over historical financial statements of Seagate Technology PLC, assuming nothing else is changed. The correlation between historical values of Seagate Technology's Long Term Debt and Property Plant And Equipment Gross is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Long Term Debt of Seagate Technology PLC are associated (or correlated) with its Property Plant And Equipment Gross. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Property Plant And Equipment Gross has no effect on the direction of Long Term Debt i.e., Seagate Technology's Long Term Debt and Property Plant And Equipment Gross go up and down completely randomly.
Correlation Coefficient | 0.57 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Long Term Debt
Long-term debt is a debt that Seagate Technology PLC has held for over one year. Long-term debt appears on Seagate Technology PLC balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on Seagate Technology PLC balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.
Property Plant And Equipment Gross
Most indicators from Seagate Technology's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Seagate Technology PLC 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 Seagate Technology PLC. 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 this time, Seagate Technology's
Selling General Administrative is fairly stable compared to the past year.
Tax Provision is likely to rise to about 115.5
M in 2024, whereas
Issuance Of Capital Stock is likely to drop slightly above 55.2
M in 2024.
Seagate Technology fundamental ratios Correlations
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Seagate Technology Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Seagate Technology fundamental ratios Accounts
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