Envista Net Debt vs Total Liab Analysis
NVST Stock | USD 19.36 0.48 2.54% |
Envista Holdings financial indicator trend analysis is much more than just examining Envista Holdings Corp latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Envista Holdings Corp is a good investment. Please check the relationship between Envista Holdings Net Debt and its Total Liab accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Envista Holdings Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state.
Net Debt vs Total Liab
Net Debt vs Total Liab Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Envista Holdings Corp Net Debt account and Total Liab. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Envista Holdings' Net Debt and Total Liab is -0.69. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Total Liab in the same time period over historical financial statements of Envista Holdings Corp, assuming nothing else is changed. The correlation between historical values of Envista Holdings' Net Debt and Total Liab 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 Debt of Envista Holdings Corp are associated (or correlated) with its Total Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Liab has no effect on the direction of Net Debt i.e., Envista Holdings' Net Debt and Total Liab go up and down completely randomly.
Correlation Coefficient | -0.69 |
Relationship Direction | Negative |
Relationship Strength | Weak |
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.Total Liab
The total amount of all liabilities that a company has, including both short-term and long-term liabilities.Most indicators from Envista Holdings' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Envista Holdings Corp 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Envista Holdings Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state. At this time, Envista Holdings' Enterprise Value Over EBITDA is comparatively stable compared to the past year. Enterprise Value Multiple is likely to gain to 12.78 in 2024, whereas Tax Provision is likely to drop slightly above 38.9 M in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 1.4B | 1.5B | 1.4B | 1.2B | Total Revenue | 2.5B | 2.6B | 3.7B | 3.1B |
Envista Holdings fundamental ratios Correlations
Click cells to compare fundamentals
Envista Holdings Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Envista Holdings fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 6.2B | 6.9B | 6.6B | 6.6B | 6.6B | 7.0B | |
Other Current Liab | 418M | 481.7M | 505.8M | 392.5M | 349.3M | 378.1M | |
Total Current Liabilities | 709.2M | 1.7B | 1.2B | 1.2B | 780.8M | 1.1B | |
Total Stockholder Equity | 3.5B | 3.7B | 4.1B | 4.2B | 4.2B | 3.4B | |
Other Liab | 399.3M | 408.8M | 304.6M | 151.3M | 136.2M | 267.8M | |
Net Tangible Assets | (1.1B) | (815.5M) | (120.8M) | 3.2B | 3.7B | 3.9B | |
Property Plant And Equipment Net | 490.4M | 468.3M | 392.2M | 425.4M | 434.7M | 424.9M | |
Current Deferred Revenue | 52.6M | 48.6M | 60.1M | 78.9M | 106.4M | 71.8M | |
Retained Earnings | 93.1M | 126.4M | 466.9M | 731.4M | 631.2M | 322.0M | |
Accounts Payable | 208M | 235.1M | 185.8M | 228.3M | 179.5M | 168.7M | |
Cash | 211.2M | 888.9M | 1.1B | 606.9M | 940M | 584.7M | |
Non Current Assets Total | 5.2B | 5.3B | 4.7B | 5.2B | 4.9B | 4.1B | |
Non Currrent Assets Other | 74.4M | 127.3M | 167.8M | 153.7M | 180.5M | 135.5M | |
Other Assets | 74.4M | 70K | 167.8M | 153.7M | 176.8M | 101.7M | |
Long Term Debt | 1.3B | 907.7M | 883.4M | 870.7M | 1.4B | 845.6M | |
Cash And Short Term Investments | 211.2M | 888.9M | 1.1B | 606.9M | 940M | 584.7M | |
Net Receivables | 443.6M | 361M | 331.9M | 393.5M | 407.5M | 326.9M | |
Good Will | 3.3B | 3.4B | 3.1B | 3.5B | 3.3B | 2.7B | |
Long Term Debt Total | 1.3B | 907.7M | 883.4M | 870.7M | 1.0B | 730.2M | |
Liabilities And Stockholders Equity | 6.2B | 6.9B | 6.6B | 6.6B | 6.6B | 7.0B | |
Non Current Liabilities Total | 1.9B | 1.5B | 1.3B | 1.1B | 1.7B | 1.3B | |
Capital Surpluse | 3.6B | 3.7B | 3.7B | 3.7B | 4.3B | 2.7B | |
Capital Lease Obligations | 212.7M | 186.3M | 144.1M | 148.4M | 140.2M | 130.7M | |
Inventory | 277.9M | 266.9M | 263.8M | 300.8M | 258.8M | 219.7M | |
Other Current Assets | 69.2M | 73.7M | 154.3M | 123.4M | 137.4M | 104.0M | |
Other Stockholder Equity | 3.6B | 3.7B | 3.7B | 3.7B | 3.8B | 3.2B | |
Total Liab | 2.6B | 3.2B | 2.5B | 2.4B | 2.4B | 2.4B | |
Net Invested Capital | 4.9B | 5.5B | 5.4B | 5.6B | 5.7B | 5.8B | |
Property Plant And Equipment Gross | 490.4M | 468.3M | 392.2M | 425.4M | 775.7M | 478.5M | |
Short Long Term Debt | 3.9M | 886.8M | 432.4M | 510M | 115.3M | 109.5M | |
Total Current Assets | 1.0B | 1.6B | 1.8B | 1.4B | 1.7B | 1.4B | |
Accumulated Other Comprehensive Income | (144.2M) | (91.8M) | (143.5M) | (225.1M) | (217.2M) | (206.3M) | |
Non Current Liabilities Other | 13.5M | 408.8M | 304.6M | 151.3M | 7.8M | 7.4M | |
Net Working Capital | 292.7M | (94.2M) | 628M | 187.9M | 962.9M | 1.0B | |
Short Term Debt | 30.6M | 919.3M | 456.1M | 537M | 145.6M | 138.3M | |
Intangible Assets | 1.3B | 1.3B | 1.0B | 1.1B | 954M | 975.8M | |
Property Plant Equipment | 490.4M | 303M | 392.2M | 293.6M | 337.6M | 361.5M |
Pair Trading with Envista Holdings
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 Envista Holdings 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 Envista Holdings will appreciate offsetting losses from the drop in the long position's value.Moving together with Envista Stock
0.91 | CAH | Cardinal Health Fiscal Year End 20th of August 2024 | PairCorr |
Moving against Envista Stock
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0.55 | ESTA | Establishment Labs | PairCorr |
0.49 | GCTK | GlucoTrack | PairCorr |
The ability to find closely correlated positions to Envista Holdings could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Envista Holdings 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 Envista Holdings - 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 Envista Holdings Corp to buy it.
The correlation of Envista Holdings 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 Envista Holdings moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Envista Holdings Corp 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 Envista Holdings 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Envista Holdings Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state. You can also try the Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.
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When running Envista Holdings' price analysis, check to measure Envista Holdings' 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 Envista Holdings is operating at the current time. Most of Envista Holdings' value examination focuses on studying past and present price action to predict the probability of Envista Holdings' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Envista Holdings' price. Additionally, you may evaluate how the addition of Envista Holdings to your portfolios can decrease your overall portfolio volatility.
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Is Envista Holdings' 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 Envista Holdings. If investors know Envista 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 Envista Holdings 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 (0.45) | Earnings Share (0.73) | Revenue Per Share 15.167 | Quarterly Revenue Growth (0.01) | Return On Assets 0.0291 |
The market value of Envista Holdings Corp is measured differently than its book value, which is the value of Envista that is recorded on the company's balance sheet. Investors also form their own opinion of Envista Holdings' value that differs from its market value or its book value, called intrinsic value, which is Envista Holdings' 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 Envista Holdings' market value can be influenced by many factors that don't directly affect Envista Holdings' 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 Envista Holdings' value and its price as these two are different measures arrived at by different means. Investors typically determine if Envista Holdings is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Envista Holdings' 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.