Chegg Net Invested Capital vs Net Debt Analysis

CHGG Stock

USD 7.10 0.22 3.20%

Chegg financial indicator trend analysis is way more than just evaluating Chegg Inc prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Chegg Inc is a good investment. Please check the relationship between Chegg Net Invested Capital and its Net Debt accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Chegg Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price.

Net Invested Capital vs Net Debt

Net Invested Capital vs Net Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Chegg Inc Net Invested Capital account and Net Debt. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Chegg's Net Invested Capital and Net Debt is 0.93. Overlapping area represents the amount of variation of Net Invested Capital that can explain the historical movement of Net Debt in the same time period over historical financial statements of Chegg Inc, assuming nothing else is changed. The correlation between historical values of Chegg's Net Invested Capital 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 Invested Capital of Chegg Inc 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 Invested Capital i.e., Chegg's Net Invested Capital and Net Debt go up and down completely randomly.

Correlation Coefficient

0.93

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Net Invested Capital

The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.

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 Chegg's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Chegg 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Chegg Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price.

At this time, Chegg's Sales General And Administrative To Revenue is most likely to increase slightly in the upcoming years. The Chegg's current Enterprise Value Over EBITDA is estimated to increase to 30.58, while Issuance Of Capital Stock is projected to decrease to 0.00.

	2021	2022	2023	2024 (projected)
Interest Expense	6.9M	6.0M	3.8M	3.6M
Depreciation And Amortization	74.1M	91.6M	129.7M	67.5M

Interest Expense Depreciation And Amortization

Chegg fundamental ratios Correlations

	Total Assets	Common Stock Shares Outstanding	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Long Term Debt	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Total Equity	Short Term Investments	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity
Total Assets		0.78	0.95	0.83	0.31	0.91	0.73	0.84	0.76	0.94	-0.07	0.43	0.9	0.88	0.81	0.51	0.94	0.95	0.55	0.66	0.72	0.96	0.92	0.83	0.44	0.88
Common Stock Shares Outstanding	0.78		0.73	0.82	0.33	0.81	0.68	0.5	0.62	0.68	-0.26	0.5	0.71	0.71	0.74	0.35	0.68	0.73	0.64	0.64	0.8	0.72	0.63	0.58	0.53	0.91
Short Long Term Debt Total	0.95	0.73		0.77	0.27	0.83	0.57	0.74	0.62	0.94	-0.2	0.4	0.9	0.84	0.78	0.59	0.95	0.96	0.52	0.59	0.72	0.98	0.91	0.79	0.41	0.86
Other Current Liab	0.83	0.82	0.77		0.56	0.88	0.83	0.74	0.84	0.78	-0.03	0.67	0.61	0.85	0.82	0.42	0.65	0.69	0.77	0.78	0.82	0.72	0.6	0.49	0.68	0.85
Total Current Liabilities	0.31	0.33	0.27	0.56		0.44	0.57	0.47	0.59	0.29	0.52	0.96	0.09	0.71	0.71	-0.05	0.04	0.14	0.87	0.85	0.38	0.17	0.01	-0.14	0.86	0.34
Total Stockholder Equity	0.91	0.81	0.83	0.88	0.44		0.86	0.78	0.84	0.76	-0.02	0.59	0.78	0.86	0.78	0.29	0.75	0.82	0.73	0.76	0.86	0.81	0.69	0.72	0.6	0.93
Other Liab	0.73	0.68	0.57	0.83	0.57	0.86		0.74	0.87	0.56	0.19	0.67	0.56	0.76	0.73	0.19	0.49	0.57	0.75	0.76	0.71	0.55	0.45	0.46	0.61	0.73
Property Plant And Equipment Net	0.84	0.5	0.74	0.74	0.47	0.78	0.74		0.91	0.84	0.38	0.52	0.59	0.85	0.7	0.45	0.71	0.7	0.58	0.71	0.46	0.77	0.71	0.62	0.43	0.58
Current Deferred Revenue	0.76	0.62	0.62	0.84	0.59	0.84	0.87	0.91		0.69	0.4	0.66	0.46	0.83	0.7	0.32	0.53	0.56	0.76	0.83	0.59	0.62	0.51	0.49	0.62	0.65
Net Debt	0.94	0.68	0.94	0.78	0.29	0.76	0.56	0.84	0.69		-0.05	0.36	0.79	0.84	0.79	0.68	0.93	0.9	0.45	0.6	0.59	0.96	0.93	0.72	0.37	0.75
Retained Earnings	-0.07	-0.26	-0.2	-0.03	0.52	-0.02	0.19	0.38	0.4	-0.05		0.38	-0.31	0.25	0.08	-0.26	-0.26	-0.25	0.3	0.43	-0.38	-0.17	-0.2	-0.14	0.36	-0.29
Accounts Payable	0.43	0.5	0.4	0.67	0.96	0.59	0.67	0.52	0.66	0.36	0.38		0.24	0.77	0.76	-0.02	0.16	0.28	0.96	0.88	0.56	0.3	0.11	0.01	0.86	0.53
Cash	0.9	0.71	0.9	0.61	0.09	0.78	0.56	0.59	0.46	0.79	-0.31	0.24		0.7	0.68	0.4	0.93	0.98	0.37	0.43	0.65	0.91	0.9	0.87	0.24	0.83
Non Current Assets Total	0.88	0.71	0.84	0.85	0.71	0.86	0.76	0.85	0.83	0.84	0.25	0.77	0.7		0.93	0.37	0.71	0.77	0.83	0.91	0.66	0.81	0.69	0.56	0.74	0.78
Non Currrent Assets Other	0.81	0.74	0.78	0.82	0.71	0.78	0.73	0.7	0.7	0.79	0.08	0.76	0.68	0.93		0.41	0.67	0.73	0.8	0.87	0.72	0.75	0.63	0.41	0.73	0.78
Other Assets	0.51	0.35	0.59	0.42	-0.05	0.29	0.19	0.45	0.32	0.68	-0.26	-0.02	0.4	0.37	0.41		0.63	0.53	0.05	0.2	0.31	0.64	0.63	0.33	-0.04	0.35
Long Term Debt	0.94	0.68	0.95	0.65	0.04	0.75	0.49	0.71	0.53	0.93	-0.26	0.16	0.93	0.71	0.67	0.63		0.98	0.29	0.42	0.58	0.98	0.99	0.88	0.19	0.78
Cash And Short Term Investments	0.95	0.73	0.96	0.69	0.14	0.82	0.57	0.7	0.56	0.9	-0.25	0.28	0.98	0.77	0.73	0.53	0.98		0.41	0.5	0.67	0.98	0.96	0.88	0.28	0.85
Net Receivables	0.55	0.64	0.52	0.77	0.87	0.73	0.75	0.58	0.76	0.45	0.3	0.96	0.37	0.83	0.8	0.05	0.29	0.41		0.93	0.68	0.42	0.23	0.19	0.9	0.67
Good Will	0.66	0.64	0.59	0.78	0.85	0.76	0.76	0.71	0.83	0.6	0.43	0.88	0.43	0.91	0.87	0.2	0.42	0.5	0.93		0.6	0.55	0.38	0.3	0.87	0.66
Common Stock Total Equity	0.72	0.8	0.72	0.82	0.38	0.86	0.71	0.46	0.59	0.59	-0.38	0.56	0.65	0.66	0.72	0.31	0.58	0.67	0.68	0.6		0.65	0.49	0.44	0.54	0.91
Short Term Investments	0.96	0.72	0.98	0.72	0.17	0.81	0.55	0.77	0.62	0.96	-0.17	0.3	0.91	0.81	0.75	0.64	0.98	0.98	0.42	0.55	0.65		0.97	0.84	0.31	0.82
Non Current Liabilities Total	0.92	0.63	0.91	0.6	0.01	0.69	0.45	0.71	0.51	0.93	-0.2	0.11	0.9	0.69	0.63	0.63	0.99	0.96	0.23	0.38	0.49	0.97		0.87	0.14	0.71
Inventory	0.83	0.58	0.79	0.49	-0.14	0.72	0.46	0.62	0.49	0.72	-0.14	0.01	0.87	0.56	0.41	0.33	0.88	0.88	0.19	0.3	0.44	0.84	0.87		0.11	0.69
Other Current Assets	0.44	0.53	0.41	0.68	0.86	0.6	0.61	0.43	0.62	0.37	0.36	0.86	0.24	0.74	0.73	-0.04	0.19	0.28	0.9	0.87	0.54	0.31	0.14	0.11		0.55
Other Stockholder Equity	0.88	0.91	0.86	0.85	0.34	0.93	0.73	0.58	0.65	0.75	-0.29	0.53	0.83	0.78	0.78	0.35	0.78	0.85	0.67	0.66	0.91	0.82	0.71	0.69	0.55

Click cells to compare fundamentals

Chegg Account Relationship Matchups

Chegg fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.5B	2.3B	2.9B	2.5B	1.7B	1.0B
Common Stock Shares Outstanding	119.2M	125.4M	141.3M	149.9M	128.6M	100.1M
Short Long Term Debt Total	920.1M	1.5B	1.7B	1.2B	617.9M	864.5M
Other Current Liab	40.0M	62.0M	60.5M	62.7M	77.9M	43.5M
Total Current Liabilities	71.4M	109.7M	114.3M	138.9M	518.5M	544.4M
Total Stockholder Equity	498.8M	609.6M	1.1B	1.1B	944.6M	500.5M
Other Liab	4.0M	5.7M	7.4M	8.0M	9.2M	5.7M
Property Plant And Equipment Net	103.3M	184.2M	199.2M	223.2M	208.2M	129.4M
Current Deferred Revenue	18.8M	32.6M	35.1M	56.3M	55.3M	28.7M
Net Debt	532.6M	1.1B	836.5M	728.3M	482.1M	264.2M
Retained Earnings	(416.3M)	(422.6M)	(337.2M)	(70.6M)	(52.4M)	(55.0M)
Accounts Payable	7.4M	8.5M	12.0M	12.4M	28.2M	29.6M
Cash	387.5M	479.9M	854.1M	473.7M	135.8M	267.8M
Non Current Assets Total	681.7M	1.1B	1.3B	1.3B	1.3B	1.4B
Non Currrent Assets Other	18.8M	24.0M	19.7M	20.6M	26.2M	27.5M
Other Assets	18.8M	606.0M	21.0M	188.1M	1.0	0.95
Long Term Debt	900.3M	1.5B	1.7B	1.2B	242.8M	230.6M
Cash And Short Term Investments	768.6M	1.1B	1.5B	1.1B	330.0M	503.0M
Net Receivables	11.5M	12.9M	17.9M	23.5M	31.4M	33.0M
Good Will	214.5M	285.2M	289.8M	615.1M	632.0M	663.6M
Common Stock Total Equity	122K	129K	137K	126K	144.9K	101.8K
Short Term Investments	381.1M	665.6M	691.8M	584.0M	194.3M	235.5M
Liabilities And Stockholders Equity	1.5B	2.3B	2.9B	2.5B	1.7B	1.2B
Non Current Liabilities Total	918.8M	1.5B	1.7B	1.2B	264.2M	250.9M
Inventory	10.5M	12.8M	35.1M	28.5M	1.0	0.95
Other Current Assets	16.6M	11.8M	23.8M	34.8M	53.4M	56.1M
Other Stockholder Equity	916.1M	1.0B	1.4B	1.2B	1.0B	779.0M
Total Liab	990.2M	1.6B	1.8B	1.3B	782.6M	657.1M
Property Plant And Equipment Gross	103.3M	184.2M	199.2M	223.2M	442.7M	464.8M
Total Current Assets	807.3M	1.2B	1.6B	1.1B	414.8M	545.8M
Accumulated Other Comprehensive Income	(1.1M)	1.5M	(5.3M)	(57.5M)	(34.7M)	(33.0M)
Short Term Debt	5.3M	6.6M	6.7M	7.5M	357.1M	374.9M
Intangible Assets	34.7M	51.2M	40.6M	78.3M	52.4M	31.4M
Common Stock	122K	129K	137K	126K	103K	102.6K
Property Plant Equipment	87.4M	125.8M	199.2M	204.4M	235.0M	246.8M
Net Tangible Assets	249.6M	558.4M	776.6M	1.0B	1.2B	1.3B
Retained Earnings Total Equity	(416.3M)	(422.6M)	(337.2M)	(70.6M)	(81.1M)	(85.2M)
Capital Surpluse	916.1M	1.0B	1.4B	1.2B	1.4B	967.0M
Long Term Investments	310.5M	523.6M	746.0M	216.2M	249.5M	229.7M
Non Current Liabilities Other	918.8M	1.5B	7.4M	8.0M	3.3M	3.2M

Chegg Investors Sentiment

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

Chegg'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 Chegg'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 Chegg's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Chegg.

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 Chegg 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, Chegg's short interest history, or implied volatility extrapolated from Chegg options trading.

Pair Trading with Chegg

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

Moving together with Chegg Stock

0.74	GV	Visionary Education Symbol Change	Pair Corr
0.87	IH	IhumanInc	Pair Corr

Moving against Chegg Stock

0.46

Jianzhi Education Report 4th of October 2024

Pair Corr

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

The correlation of Chegg 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 Chegg moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Chegg Inc 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 Chegg 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 Chegg Inc is a strong investment it is important to analyze Chegg'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 Chegg's future performance. For an informed investment choice regarding Chegg Stock, refer to the following important reports:

How To Invest In Chegg

Details

Is Chegg Stock a good investment?

Details

What is Chegg's Net Worth?

Details

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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Chegg Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price.

Note that the Chegg Inc information on this page should be used as a complementary analysis to other Chegg'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 Content Syndication module to quickly integrate customizable finance content to your own investment portal.

Complementary Tools for Chegg Stock analysis

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

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Is Chegg'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 Chegg. If investors know Chegg 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 Chegg 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

4.996

Earnings Share

0.16

Revenue Per Share

6.148

Quarterly Revenue Growth

(0.08)

Return On Assets

(0)

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

Net Invested Capital vs Net Debt

Net Invested Capital vs Net Debt Correlation Analysis

Correlation Coefficient

Net Invested Capital

Net Debt

Chegg fundamental ratios Correlations

Chegg Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Chegg fundamental ratios Accounts

Chegg Investors Sentiment

Pair Trading with Chegg

Moving together with Chegg Stock

Moving against Chegg Stock

Complementary Tools for Chegg Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Liabilities Total	+ 0.99	Long Term Debt
Short Term Investments	+ 0.98	Short Long Term Debt Total
Cash And Short Term Investments	+ 0.98	Cash
Cash And Short Term Investments	+ 0.98	Long Term Debt
Short Term Investments	+ 0.98	Long Term Debt
Short Term Investments	+ 0.98	Cash And Short Term Investments

Common Stock Total Equity	- 0.38	Retained Earnings
Cash	- 0.31	Retained Earnings
Other Stockholder Equity	- 0.29	Retained Earnings
Long Term Debt	- 0.26	Retained Earnings
Other Assets	- 0.26	Retained Earnings
Retained Earnings	- 0.26	Common Stock Shares Outstanding