Envista Net Invested Capital vs Short Term Debt 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 Invested Capital and its Short Term Debt 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 Invested Capital vs Short Term Debt

Net Invested Capital vs Short Term Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Envista Holdings Corp Net Invested Capital account and Short Term Debt. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Envista Holdings' Net Invested Capital and Short Term Debt is 0.4. Overlapping area represents the amount of variation of Net Invested Capital that can explain the historical movement of Short Term Debt 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 Invested Capital and Short Term 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 Envista Holdings Corp are associated (or correlated) with its Short Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Term Debt has no effect on the direction of Net Invested Capital i.e., Envista Holdings' Net Invested Capital and Short Term Debt go up and down completely randomly.

Correlation Coefficient

0.4

Relationship Direction	Positive
Relationship Strength	Weak

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.

Short Term Debt

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

Gross Profit Total Revenue

Envista Holdings fundamental ratios Correlations

	Common Stock Shares Outstanding	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Property Plant And Equipment Net	Current Deferred Revenue	Accounts Payable	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Net Receivables	Good Will	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Net Invested Capital	Property Plant And Equipment Gross	Total Current Assets	Non Current Liabilities Other	Net Working Capital	Short Term Debt
Common Stock Shares Outstanding		0.75	0.53	0.66	-0.39	-0.69	0.68	0.38	0.54	-0.46	-0.6	0.84	0.55	-0.8	-0.42	0.29	-0.36	0.78	-0.54	0.47	0.85	0.39	0.75	0.49	0.51	0.47
Total Assets	0.75		0.85	0.85	-0.85	-0.54	0.57	0.82	0.52	-0.54	-0.63	0.82	0.24	-0.94	-0.53	0.76	-0.57	0.74	-0.9	0.87	0.94	0.74	0.89	0.59	0.56	0.49
Other Current Liab	0.53	0.85		0.83	-0.91	-0.4	0.25	0.94	0.38	-0.46	-0.41	0.76	0.28	-0.87	-0.33	0.92	-0.29	0.78	-0.94	0.98	0.71	0.75	0.9	0.71	0.41	0.49
Total Current Liabilities	0.66	0.85	0.83		-0.7	-0.27	0.19	0.73	0.18	-0.11	-0.26	0.67	-0.02	-0.84	-0.17	0.62	-0.21	0.57	-0.74	0.83	0.72	0.48	0.79	0.9	0.09	0.85
Total Stockholder Equity	-0.39	-0.85	-0.91	-0.7		0.33	-0.34	-0.95	-0.38	0.57	0.59	-0.6	-0.13	0.82	0.55	-0.93	0.51	-0.61	0.97	-0.93	-0.68	-0.76	-0.76	-0.46	-0.52	-0.26
Other Liab	-0.69	-0.54	-0.4	-0.27	0.33		-0.9	-0.45	-0.94	0.51	0.43	-0.81	-0.83	0.45	0.19	-0.44	0.12	-0.79	0.53	-0.41	-0.75	-0.67	-0.63	-0.02	-0.65	-0.02
Net Tangible Assets	0.68	0.57	0.25	0.19	-0.34	-0.9		0.35	0.86	-0.59	-0.64	0.66	0.63	-0.45	-0.46	0.31	-0.41	0.6	-0.48	0.29	0.77	0.58	0.48	-0.18	0.73	-0.12
Property Plant And Equipment Net	0.38	0.82	0.94	0.73	-0.95	-0.45	0.35		0.49	-0.46	-0.4	0.68	0.23	-0.76	-0.31	0.98	-0.29	0.68	-0.97	0.98	0.69	0.86	0.81	0.52	0.44	0.34
Current Deferred Revenue	0.54	0.52	0.38	0.18	-0.38	-0.94	0.86	0.49		-0.62	-0.46	0.78	0.75	-0.4	-0.24	0.51	-0.25	0.73	-0.53	0.43	0.71	0.81	0.63	-0.07	0.74	-0.1
Accounts Payable	-0.46	-0.54	-0.46	-0.11	0.57	0.51	-0.59	-0.46	-0.62		0.89	-0.6	-0.61	0.61	0.84	-0.53	0.78	-0.67	0.6	-0.42	-0.57	-0.63	-0.59	0.09	-0.98	0.35
Non Current Assets Total	-0.6	-0.63	-0.41	-0.26	0.59	0.43	-0.64	-0.4	-0.46	0.89		-0.52	-0.41	0.7	0.96	-0.4	0.86	-0.55	0.6	-0.38	-0.63	-0.44	-0.51	0.03	-0.87	0.2
Non Currrent Assets Other	0.84	0.82	0.76	0.67	-0.6	-0.81	0.66	0.68	0.78	-0.6	-0.52		0.67	-0.81	-0.32	0.67	-0.33	0.96	-0.75	0.74	0.9	0.78	0.95	0.52	0.65	0.39
Other Assets	0.55	0.24	0.28	-0.02	-0.13	-0.83	0.63	0.23	0.75	-0.61	-0.41	0.67		-0.31	-0.22	0.28	-0.05	0.79	-0.32	0.19	0.43	0.44	0.49	-0.1	0.68	-0.24
Net Receivables	-0.8	-0.94	-0.87	-0.84	0.82	0.45	-0.45	-0.76	-0.4	0.61	0.7	-0.81	-0.31		0.62	-0.7	0.58	-0.79	0.87	-0.83	-0.85	-0.61	-0.9	-0.66	-0.57	-0.49
Good Will	-0.42	-0.53	-0.33	-0.17	0.55	0.19	-0.46	-0.31	-0.24	0.84	0.96	-0.32	-0.22	0.62		-0.32	0.91	-0.37	0.5	-0.29	-0.47	-0.3	-0.36	0.08	-0.78	0.27
Non Current Liabilities Total	0.29	0.76	0.92	0.62	-0.93	-0.44	0.31	0.98	0.51	-0.53	-0.4	0.67	0.28	-0.7	-0.32		-0.32	0.69	-0.94	0.95	0.63	0.89	0.8	0.45	0.51	0.22
Inventory	-0.36	-0.57	-0.29	-0.21	0.51	0.12	-0.41	-0.29	-0.25	0.78	0.86	-0.33	-0.05	0.58	0.91	-0.32		-0.29	0.45	-0.31	-0.52	-0.38	-0.39	0.01	-0.74	0.16
Other Current Assets	0.78	0.74	0.78	0.57	-0.61	-0.79	0.6	0.68	0.73	-0.67	-0.55	0.96	0.79	-0.79	-0.37	0.69	-0.29		-0.76	0.71	0.79	0.73	0.92	0.45	0.7	0.24
Other Stockholder Equity	-0.54	-0.9	-0.94	-0.74	0.97	0.53	-0.48	-0.97	-0.53	0.6	0.6	-0.75	-0.32	0.87	0.5	-0.94	0.45	-0.76		-0.95	-0.79	-0.83	-0.86	-0.49	-0.59	-0.3
Total Liab	0.47	0.87	0.98	0.83	-0.93	-0.41	0.29	0.98	0.43	-0.42	-0.38	0.74	0.19	-0.83	-0.29	0.95	-0.31	0.71	-0.95		0.73	0.82	0.88	0.67	0.4	0.49
Net Invested Capital	0.85	0.94	0.71	0.72	-0.68	-0.75	0.77	0.69	0.71	-0.57	-0.63	0.9	0.43	-0.85	-0.47	0.63	-0.52	0.79	-0.79	0.73		0.75	0.87	0.44	0.64	0.4
Property Plant And Equipment Gross	0.39	0.74	0.75	0.48	-0.76	-0.67	0.58	0.86	0.81	-0.63	-0.44	0.78	0.44	-0.61	-0.3	0.89	-0.38	0.73	-0.83	0.82	0.75		0.81	0.26	0.67	0.12
Total Current Assets	0.75	0.89	0.9	0.79	-0.76	-0.63	0.48	0.81	0.63	-0.59	-0.51	0.95	0.49	-0.9	-0.36	0.8	-0.39	0.92	-0.86	0.88	0.87	0.81		0.66	0.6	0.48
Non Current Liabilities Other	0.49	0.59	0.71	0.9	-0.46	-0.02	-0.18	0.52	-0.07	0.09	0.03	0.52	-0.1	-0.66	0.08	0.45	0.01	0.45	-0.49	0.67	0.44	0.26	0.66		-0.15	0.92
Net Working Capital	0.51	0.56	0.41	0.09	-0.52	-0.65	0.73	0.44	0.74	-0.98	-0.87	0.65	0.68	-0.57	-0.78	0.51	-0.74	0.7	-0.59	0.4	0.64	0.67	0.6	-0.15		-0.36
Short Term Debt	0.47	0.49	0.49	0.85	-0.26	-0.02	-0.12	0.34	-0.1	0.35	0.2	0.39	-0.24	-0.49	0.27	0.22	0.16	0.24	-0.3	0.49	0.4	0.12	0.48	0.92	-0.36

Click cells to compare fundamentals

Envista Holdings Account Relationship Matchups

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

Pair Corr

Moving against Envista Stock

0.82	WGS	GeneDx Holdings Corp	Pair Corr
0.61	INGN	Inogen Inc	Pair Corr
0.55	ESTA	Establishment Labs	Pair Corr
0.49	GCTK	GlucoTrack	Pair Corr

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.

Pair Correlation Correlation Matching

When determining whether Envista Holdings Corp is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Envista Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Envista Holdings Corp Stock. Highlighted below are key reports to facilitate an investment decision about Envista Holdings Corp Stock:

How To Invest In Envista

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Is Envista Stock a good investment?

Details

What is Envista Holdings' Net Worth?

Details

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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 Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.

Complementary Tools for Envista Stock analysis

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.

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Envista Net Invested Capital vs Short Term Debt Analysis

Net Invested Capital vs Short Term Debt

Net Invested Capital vs Short Term Debt Correlation Analysis

Correlation Coefficient

Net Invested Capital

Short Term Debt

Envista Holdings fundamental ratios Correlations

Envista Holdings Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Envista Holdings fundamental ratios Accounts

Pair Trading with Envista Holdings

Moving together with Envista Stock

Moving against Envista Stock

Complementary Tools for Envista Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Liab	+ 0.98	Other Current Liab
Non Current Liabilities Total	+ 0.98	Property Plant And Equipment Net
Total Liab	+ 0.98	Property Plant And Equipment Net
Other Stockholder Equity	+ 0.97	Total Stockholder Equity
Good Will	+ 0.96	Non Current Assets Total
Other Current Assets	+ 0.96	Non Currrent Assets Other

Net Working Capital	- 0.98	Accounts Payable
Other Stockholder Equity	- 0.97	Property Plant And Equipment Net
Total Liab	- 0.95	Other Stockholder Equity
Property Plant And Equipment Net	- 0.95	Total Stockholder Equity
Other Stockholder Equity	- 0.94	Non Current Liabilities Total
Current Deferred Revenue	- 0.94	Other Liab