Cummins EBITDA Margin vs Debt to Equity Ratio Analysis
CMI Stock | USD 280.74 0.00 0.00% |
Trend analysis of Cummins balance sheet accounts such as Short Long Term Debt Total of 7.6 B, Other Current Liabilities of 5.7 B or Total Current Liabilities of 13.5 B provides information on Cummins' total assets, liabilities, and equity, which is the actual value of Cummins to its prevalent stockholders. By breaking down trends over time using Cummins balance sheet statements, investors will see what precisely the company owns and what it owes to creditors or other parties at the end of each accounting year.
Cummins |
About Cummins Balance Sheet Analysis
Balance Sheet is a snapshot of the financial position of Cummins at a specified time, usually calculated after every quarter, six months, or one year. Cummins Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Cummins and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Cummins currently owns. An asset can also be divided into two categories, current and non-current.
Cummins Balance Sheet Chart
Cummins Balance Sheet is one of the main financial statements that report all assets, liabilities, and shareholders' equity for the current year. It provides a basis for different types of computing rates of return, such as return on equity (ROE) or return on asset (ROA), as well as shows how Cummins uses and utilizes its capital. It also shows what exactly a company owns and owes.
As of now, Cummins' Total Current Liabilities is increasing as compared to previous years. The Cummins' current Total Stockholder Equity is estimated to increase to about 9.3 B, while Other Stockholder Equity is forecasted to increase to (7 B). Add Fundamental
Total Assets
Total assets refers to the total amount of Cummins assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Cummins books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.Total Current Liabilities
Total Current Liabilities is an item on Cummins balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Cummins are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.Most indicators from Cummins' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Cummins 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 Cummins. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population. For more detail on how to invest in Cummins Stock please use our How to Invest in Cummins guide.As of now, Cummins' Enterprise Value Multiple is increasing as compared to previous years. The Cummins' current Enterprise Value is estimated to increase to about 31.3 B, while Tax Provision is projected to decrease to under 536.8 M.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 5.7B | 6.7B | 8.2B | 8.7B | Total Revenue | 24.0B | 28.1B | 34.1B | 35.8B |
Cummins fundamental ratios Correlations
Click cells to compare fundamentals
Cummins Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Cummins fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 19.7B | 22.6B | 23.7B | 30.3B | 32.0B | 33.6B | |
Short Long Term Debt Total | 2.4B | 4.2B | 4.2B | 7.9B | 7.2B | 7.6B | |
Other Current Liab | 2.4B | 2.3B | 2.6B | 2.8B | 5.4B | 5.7B | |
Total Current Liabilities | 6.3B | 6.3B | 7.1B | 11.4B | 12.9B | 13.5B | |
Total Stockholder Equity | 7.5B | 8.1B | 8.5B | 9.0B | 8.9B | 9.3B | |
Property Plant And Equipment Net | 4.2B | 4.3B | 4.4B | 5.5B | 6.8B | 7.1B | |
Net Debt | 1.2B | 763M | 1.6B | 5.8B | 5.0B | 5.3B | |
Retained Earnings | 14.4B | 15.4B | 16.7B | 18.0B | 17.9B | 18.7B | |
Cash | 1.1B | 3.4B | 2.6B | 2.1B | 2.2B | 2.3B | |
Non Current Assets Total | 10.4B | 10.7B | 11.4B | 15.8B | 16.8B | 17.6B | |
Non Currrent Assets Other | 1.6B | 2.3B | 2.8B | 2.9B | 2.2B | 2.3B | |
Cash And Short Term Investments | 1.5B | 3.9B | 3.2B | 2.6B | 2.7B | 2.9B | |
Net Receivables | 3.7B | 3.8B | 4.0B | 5.2B | 5.6B | 5.9B | |
Common Stock Shares Outstanding | 156.1M | 149M | 145.9M | 142.3M | 142.7M | 170.0M | |
Liabilities And Stockholders Equity | 19.7B | 22.6B | 23.7B | 30.3B | 32.0B | 33.6B | |
Non Current Liabilities Total | 5.0B | 7.3B | 7.2B | 8.7B | 9.2B | 9.7B | |
Inventory | 3.5B | 3.4B | 4.4B | 5.6B | 5.7B | 6.0B | |
Other Current Assets | 761M | 790M | 777M | 1.1B | 1.2B | 1.3B | |
Other Stockholder Equity | (7.2B) | (7.8B) | (9.1B) | (9.4B) | (7.4B) | (7.0B) | |
Total Liab | 11.3B | 13.6B | 14.3B | 20.1B | 22.1B | 23.2B | |
Property Plant And Equipment Gross | 4.2B | 4.7B | 9.8B | 11.0B | 12.2B | 12.8B | |
Total Current Assets | 9.4B | 11.9B | 12.3B | 14.5B | 15.2B | 16.0B | |
Accumulated Other Comprehensive Income | (2.0B) | (2.0B) | (1.6B) | (1.9B) | (2.2B) | (2.1B) | |
Short Term Debt | 791M | 554M | 580M | 3.4B | 2.0B | 2.1B | |
Accounts Payable | 2.5B | 2.8B | 3.0B | 4.3B | 4.3B | 4.5B | |
Common Stock | 2.3B | 2.4B | 2.4B | 2.2B | 556M | 1.1B | |
Intangible Assets | 1.0B | 963M | 900M | 2.7B | 2.5B | 2.6B | |
Current Deferred Revenue | 533M | 691M | 855M | 1.0B | 1.2B | 1.3B | |
Common Stock Total Equity | 2.3B | 2.4B | 2.4B | 2.2B | 2.6B | 1.3B | |
Good Will | 1.3B | 1.3B | 1.3B | 2.3B | 2.5B | 2.6B | |
Other Liab | 3.1B | 3.3B | 3.6B | 3.6B | 4.2B | 2.1B | |
Other Assets | 2.1B | 2.3B | 3.3B | 3.0B | 3.5B | 3.7B | |
Treasury Stock | (7.2B) | (7.8B) | (9.1B) | (9.4B) | (8.5B) | (8.0B) | |
Property Plant Equipment | 4.2B | 4.3B | 4.4B | 5.5B | 6.3B | 6.7B | |
Short Term Investments | 341M | 461M | 595M | 472M | 562M | 590.1M | |
Net Tangible Assets | 5.2B | 5.8B | 6.3B | 4.2B | 4.8B | 6.0B | |
Noncontrolling Interest In Consolidated Entity | 911M | 958M | 927M | 992M | 1.1B | 648.2M | |
Retained Earnings Total Equity | 14.4B | 15.4B | 16.7B | 18.0B | 20.7B | 11.8B |
Cummins Investors Sentiment
The influence of Cummins' 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 Cummins. 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 Cummins' public news can be used to forecast risks associated with an investment in Cummins. The trend in average sentiment can be used to explain how an investor holding Cummins can time the market purely based on public headlines and social activities around Cummins. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Cummins' 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 Cummins' 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 Cummins' news discussions. The higher the estimated score, the more favorable is the investor's outlook on Cummins.
Cummins Implied Volatility | 47.7 |
Cummins' implied volatility exposes the market's sentiment of Cummins stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Cummins' 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 Cummins stock will not fluctuate a lot when Cummins' 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 Cummins 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, Cummins' short interest history, or implied volatility extrapolated from Cummins options trading.
Pair Trading with Cummins
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 Cummins 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 Cummins will appreciate offsetting losses from the drop in the long position's value.Moving together with Cummins Stock
0.74 | CR | Crane Company Financial Report 8th of May 2024 | PairCorr |
0.86 | IR | Ingersoll Rand Downward Rally | PairCorr |
Moving against Cummins Stock
0.9 | ATS | ATS Corporation | PairCorr |
0.55 | RR | Richtech Robotics Class | PairCorr |
0.5 | BW | Babcock Wilcox Enter Earnings Call Shortly | PairCorr |
The ability to find closely correlated positions to Cummins could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cummins 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 Cummins - 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 Cummins to buy it.
The correlation of Cummins 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 Cummins moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cummins 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 Cummins 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.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cummins. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population. For more detail on how to invest in Cummins Stock please use our How to Invest in Cummins guide.You can also try the Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.
Complementary Tools for Cummins Stock analysis
When running Cummins' price analysis, check to measure Cummins' 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 Cummins is operating at the current time. Most of Cummins' value examination focuses on studying past and present price action to predict the probability of Cummins' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cummins' price. Additionally, you may evaluate how the addition of Cummins to your portfolios can decrease your overall portfolio volatility.
Sync Your Broker Sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors. | |
Stock Screener Find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook. | |
Risk-Return Analysis View associations between returns expected from investment and the risk you assume | |
My Watchlist Analysis Analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like | |
Efficient Frontier Plot and analyze your portfolio and positions against risk-return landscape of the market. | |
Portfolio Analyzer Portfolio analysis module that provides access to portfolio diagnostics and optimization engine |
Is Cummins' 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 Cummins. If investors know Cummins 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 Cummins 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 0.628 | Dividend Share 6.5 | Earnings Share 5.14 | Revenue Per Share 240.402 | Quarterly Revenue Growth 0.099 |
The market value of Cummins is measured differently than its book value, which is the value of Cummins that is recorded on the company's balance sheet. Investors also form their own opinion of Cummins' value that differs from its market value or its book value, called intrinsic value, which is Cummins' 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 Cummins' market value can be influenced by many factors that don't directly affect Cummins' 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 Cummins' value and its price as these two are different measures arrived at by different means. Investors typically determine if Cummins is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cummins' 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.