NVent Total Assets vs Cash And Short Term Investments Analysis

NVT Stock

USD 81.38 1.31 1.58%

NVent Electric financial indicator trend analysis is infinitely more than just investigating nVent Electric PLC recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether nVent Electric PLC is a good investment. Please check the relationship between NVent Electric Total Assets and its Cash And Short Term Investments accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in nVent Electric PLC. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in real.

Total Assets vs Cash And Short Term Investments

Total Assets vs Cash And Short Term Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of nVent Electric PLC Total Assets account and Cash And Short Term Investments. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between NVent Electric's Total Assets and Cash And Short Term Investments is 0.49. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Cash And Short Term Investments in the same time period over historical financial statements of nVent Electric PLC, assuming nothing else is changed. The correlation between historical values of NVent Electric's Total Assets and Cash And Short Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Assets of nVent Electric PLC are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Total Assets i.e., NVent Electric's Total Assets and Cash And Short Term Investments go up and down completely randomly.

Correlation Coefficient

0.49

Relationship Direction	Positive
Relationship Strength	Weak

View All Relationships

Total Assets

Total assets refers to the total amount of NVent Electric 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 nVent Electric PLC 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.

Cash And Short Term Investments

Short Term Investments is an account in the current assets section of nVent Electric PLC balance sheet. This account contains NVent Electric investments that will expire within one year. These investments include stocks and bonds that can be liquidated by nVent Electric PLC fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.

Most indicators from NVent Electric's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into nVent Electric 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in nVent Electric PLC. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in real.

Issuance Of Capital Stock is likely to gain to about 11.3 M in 2024, whereas Tax Provision is likely to drop slightly above 57.3 M in 2024.

	2021	2023	2024 (projected)
Interest Income	32.3M	35.9M	24.5M
Tax Provision	47.8M	90M	57.3M

Interest Income Tax Provision

NVent Electric fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Accounts Payable	Cash	Other Assets	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Shares Outstanding	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Intangible Assets	Common Stock	Property Plant Equipment	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Non Current Assets Total	Non Currrent Assets Other
Total Assets		0.55	0.75	-0.16	-0.7	-0.3	0.71	0.49	0.09	0.49	0.92	0.88	-0.5	0.87	0.26	-0.13	0.7	0.81	0.15	-0.42	0.79	0.95	0.78	0.71	0.93	0.01
Other Current Liab	0.55		0.94	-0.79	-0.82	-0.21	0.9	0.8	0.0	0.8	0.45	0.25	-0.48	0.85	0.88	0.07	0.95	0.86	-0.42	-0.92	0.82	0.62	0.91	0.84	0.27	0.13
Total Current Liabilities	0.75	0.94		-0.62	-0.88	-0.28	0.98	0.76	0.17	0.76	0.69	0.42	-0.53	0.97	0.74	-0.1	0.93	0.95	-0.31	-0.81	0.89	0.76	0.98	0.84	0.49	0.25
Total Stockholder Equity	-0.16	-0.79	-0.62		0.64	-0.01	-0.63	-0.62	-0.03	-0.62	0.06	0.0	0.62	-0.46	-0.92	0.01	-0.74	-0.51	0.78	0.93	-0.55	-0.25	-0.6	-0.79	0.06	-0.15
Other Liab	-0.7	-0.82	-0.88	0.64		0.24	-0.89	-0.86	-0.26	-0.86	-0.53	-0.44	0.55	-0.84	-0.79	0.32	-0.88	-0.92	0.47	0.84	-0.91	-0.68	-0.94	-0.86	-0.47	-0.37
Net Tangible Assets	-0.3	-0.21	-0.28	-0.01	0.24		-0.31	-0.11	0.23	-0.11	-0.35	-0.41	0.05	-0.27	-0.15	-0.1	-0.16	-0.27	-0.07	0.1	-0.17	-0.12	-0.28	-0.17	-0.25	0.14
Accounts Payable	0.71	0.9	0.98	-0.63	-0.89	-0.31		0.73	0.28	0.73	0.66	0.38	-0.54	0.94	0.74	-0.27	0.9	0.93	-0.39	-0.81	0.89	0.7	0.97	0.83	0.46	0.36
Cash	0.49	0.8	0.76	-0.62	-0.86	-0.11	0.73		-0.08	1.0	0.37	0.17	-0.4	0.71	0.78	-0.09	0.78	0.86	-0.47	-0.78	0.81	0.48	0.83	0.68	0.17	0.16
Other Assets	0.09	0.0	0.17	-0.03	-0.26	0.23	0.28	-0.08		-0.08	0.1	-0.06	-0.2	0.14	0.03	-0.63	0.04	0.09	-0.33	-0.06	0.15	0.06	0.16	0.11	0.12	0.91
Cash And Short Term Investments	0.49	0.8	0.76	-0.62	-0.86	-0.11	0.73	1.0	-0.08		0.37	0.17	-0.4	0.71	0.78	-0.09	0.78	0.86	-0.47	-0.78	0.81	0.48	0.83	0.68	0.17	0.16
Net Receivables	0.92	0.45	0.69	0.06	-0.53	-0.35	0.66	0.37	0.1	0.37		0.74	-0.35	0.83	0.05	-0.11	0.52	0.75	0.29	-0.2	0.65	0.84	0.7	0.48	0.84	0.03
Good Will	0.88	0.25	0.42	0.0	-0.44	-0.41	0.38	0.17	-0.06	0.17	0.74		-0.5	0.56	0.02	0.01	0.42	0.5	0.27	-0.18	0.49	0.79	0.47	0.57	0.95	-0.23
Common Stock Shares Outstanding	-0.5	-0.48	-0.53	0.62	0.55	0.05	-0.54	-0.4	-0.2	-0.4	-0.35	-0.5		-0.51	-0.41	0.11	-0.51	-0.5	0.6	0.56	-0.51	-0.44	-0.53	-0.78	-0.43	-0.17
Inventory	0.87	0.85	0.97	-0.46	-0.84	-0.27	0.94	0.71	0.14	0.71	0.83	0.56	-0.51		0.58	-0.14	0.89	0.96	-0.13	-0.69	0.92	0.87	0.97	0.8	0.65	0.19
Other Current Assets	0.26	0.88	0.74	-0.92	-0.79	-0.15	0.74	0.78	0.03	0.78	0.05	0.02	-0.41	0.58		-0.05	0.84	0.67	-0.66	-0.97	0.69	0.34	0.74	0.78	-0.01	0.21
Other Stockholder Equity	-0.13	0.07	-0.1	0.01	0.32	-0.1	-0.27	-0.09	-0.63	-0.09	-0.11	0.01	0.11	-0.14	-0.05		-0.07	-0.18	0.3	0.09	-0.31	-0.11	-0.2	-0.12	-0.15	-0.63
Total Liab	0.7	0.95	0.93	-0.74	-0.88	-0.16	0.9	0.78	0.04	0.78	0.52	0.42	-0.51	0.89	0.84	-0.07		0.89	-0.32	-0.92	0.91	0.78	0.94	0.92	0.47	0.11
Total Current Assets	0.81	0.86	0.95	-0.51	-0.92	-0.27	0.93	0.86	0.09	0.86	0.75	0.5	-0.5	0.96	0.67	-0.18	0.89		-0.25	-0.74	0.94	0.79	0.98	0.8	0.56	0.2
Intangible Assets	0.15	-0.42	-0.31	0.78	0.47	-0.07	-0.39	-0.47	-0.33	-0.47	0.29	0.27	0.6	-0.13	-0.66	0.3	-0.32	-0.25		0.63	-0.28	0.17	-0.32	-0.47	0.33	-0.5
Common Stock	-0.42	-0.92	-0.81	0.93	0.84	0.1	-0.81	-0.78	-0.06	-0.78	-0.2	-0.18	0.56	-0.69	-0.97	0.09	-0.92	-0.74	0.63		-0.78	-0.5	-0.82	-0.9	-0.17	-0.19
Property Plant Equipment	0.79	0.82	0.89	-0.55	-0.91	-0.17	0.89	0.81	0.15	0.81	0.65	0.49	-0.51	0.92	0.69	-0.31	0.91	0.94	-0.28	-0.78		0.81	0.95	0.83	0.57	0.28
Property Plant And Equipment Net	0.95	0.62	0.76	-0.25	-0.68	-0.12	0.7	0.48	0.06	0.48	0.84	0.79	-0.44	0.87	0.34	-0.11	0.78	0.79	0.17	-0.5	0.81		0.79	0.75	0.89	-0.05
Current Deferred Revenue	0.78	0.91	0.98	-0.6	-0.94	-0.28	0.97	0.83	0.16	0.83	0.7	0.47	-0.53	0.97	0.74	-0.2	0.94	0.98	-0.32	-0.82	0.95	0.79		0.86	0.53	0.26
Net Debt	0.71	0.84	0.84	-0.79	-0.86	-0.17	0.83	0.68	0.11	0.68	0.48	0.57	-0.78	0.8	0.78	-0.12	0.92	0.8	-0.47	-0.9	0.83	0.75	0.86		0.55	0.12
Non Current Assets Total	0.93	0.27	0.49	0.06	-0.47	-0.25	0.46	0.17	0.12	0.17	0.84	0.95	-0.43	0.65	-0.01	-0.15	0.47	0.56	0.33	-0.17	0.57	0.89	0.53	0.55		-0.07
Non Currrent Assets Other	0.01	0.13	0.25	-0.15	-0.37	0.14	0.36	0.16	0.91	0.16	0.03	-0.23	-0.17	0.19	0.21	-0.63	0.11	0.2	-0.5	-0.19	0.28	-0.05	0.26	0.12	-0.07

Click cells to compare fundamentals

NVent Electric Account Relationship Matchups

NVent Electric fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	4.6B	4.4B	4.7B	4.9B	6.2B	5.3B
Other Current Liab	243.9M	247.6M	352.5M	359.7M	373.3M	248.2M
Total Current Liabilities	462.2M	450M	636.3M	649.5M	733.6M	545.6M
Total Stockholder Equity	2.6B	2.4B	2.5B	2.7B	3.1B	2.4B
Other Liab	504.8M	578.3M	547.6M	389.1M	350.2M	442.4M
Net Tangible Assets	(847.1M)	2.4B	(834.4M)	(512.5M)	(461.3M)	(438.2M)
Accounts Payable	187.1M	171.1M	261M	252.1M	275.7M	219.5M
Cash	106.4M	122.5M	49.5M	297.5M	185.1M	121.1M
Other Assets	73.3M	110M	141.1M	63.2M	72.7M	106.0M
Cash And Short Term Investments	106.4M	122.5M	49.5M	297.5M	185.1M	121.1M
Net Receivables	334.3M	313.8M	438.1M	472.5M	633.6M	456.8M
Good Will	2.3B	2.1B	2.2B	2.2B	2.6B	2.5B
Common Stock Shares Outstanding	173M	169.6M	169.7M	168.3M	168.2M	139.1M
Inventory	244.7M	235.2M	321.9M	346.7M	441.3M	299.6M
Other Current Assets	113.3M	92.9M	102M	112.5M	76.1M	76.6M
Other Stockholder Equity	2.5B	2.5B	2.4B	2.4B	2.3B	2.3B
Total Liab	2.0B	2.0B	2.2B	2.2B	3.0B	2.0B
Total Current Assets	798.7M	764.4M	911.5M	1.2B	1.3B	968.8M
Intangible Assets	1.2B	1.1B	1.1B	1.1B	1.5B	985.8M
Property Plant Equipment	328.7M	289.4M	291.1M	365.6M	420.4M	315.4M
Property Plant And Equipment Net	284.5M	289.4M	291.1M	289.2M	508.7M	337.4M
Current Deferred Revenue	13.7M	11.3M	17.8M	22.7M	27.1M	16.8M
Net Debt	958.2M	825.5M	949.7M	785.7M	1.7B	1.8B
Non Current Assets Total	3.8B	3.6B	3.8B	3.7B	4.8B	4.3B
Non Currrent Assets Other	117.5M	108.6M	141.1M	139.6M	49.6M	88.8M
Long Term Debt Total	1.0B	928M	994.2M	1.1B	1.2B	780.5M
Liabilities And Stockholders Equity	4.6B	4.4B	4.7B	4.9B	6.2B	5.3B
Non Current Liabilities Total	1.6B	1.5B	1.5B	1.5B	2.3B	1.5B
Property Plant And Equipment Gross	284.5M	335M	291.1M	830.6M	1.0B	515.2M
Accumulated Other Comprehensive Income	(98.6M)	(95.2M)	(83.2M)	(99.6M)	(104M)	(109.2M)
Non Current Liabilities Other	10.6M	348.2M	129.2M	124.7M	33.8M	32.1M
Cash And Equivalents	106.4M	122.5M	49.5M	297.5M	342.1M	359.2M
Short Term Debt	17.5M	20M	5M	15M	57.5M	40.3M
Long Term Debt	1.0B	928M	994.2M	1.1B	1.7B	1.1B
Net Invested Capital	3.7B	3.4B	999.2M	1.1B	4.9B	5.2B
Net Working Capital	336.5M	314.4M	275.2M	579.7M	602.5M	445.5M
Short Long Term Debt Total	1.1B	948M	999.2M	1.1B	1.9B	1.3B
Retained Earnings	186.7M	20.7M	174.5M	457.3M	905.3M	950.6M

Pair Trading with NVent Electric

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

Moving together with NVent Stock

0.84	BE	Bloom Energy Corp	Pair Corr
0.64	KE	Kimball Electronics Fiscal Year End 21st of August 2024	Pair Corr
0.73	ROBOF	RoboGroup TEK	Pair Corr

Moving against NVent Stock

0.68	ELVA	Electrovaya Common Shares	Pair Corr
0.64	EOSE	Eos Energy Enterprises	Pair Corr
0.62	FCEL	FuelCell Energy Financial Report 13th of June 2024	Pair Corr
0.59	EPOW	Sunrise New Energy	Pair Corr
0.57	FLUX	Flux Power Holdings Fiscal Year End 19th of September 2024	Pair Corr

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

The correlation of NVent Electric 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 NVent Electric moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if nVent Electric PLC 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 NVent Electric 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 nVent Electric PLC 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 NVent 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 Nvent Electric Plc Stock. Highlighted below are key reports to facilitate an investment decision about Nvent Electric Plc Stock:

How To Invest In NVent

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Is NVent Stock a good investment?

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What is NVent Electric's Net Worth?

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Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in nVent Electric PLC. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in real.

You can also try the Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.

Complementary Tools for NVent Stock analysis

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

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Is NVent Electric'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 NVent Electric. If investors know NVent 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 NVent Electric 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

0.107

Dividend Share

0.73

Earnings Share

3.43

Revenue Per Share

20.511

Quarterly Revenue Growth

0.181

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

Total Assets vs Cash And Short Term Investments

Total Assets vs Cash And Short Term Investments Correlation Analysis

Correlation Coefficient

Total Assets

Cash And Short Term Investments

NVent Electric fundamental ratios Correlations

NVent Electric Account Relationship Matchups

High Positive Relationship

High Negative Relationship

NVent Electric fundamental ratios Accounts

Pair Trading with NVent Electric

Moving together with NVent Stock

Moving against NVent Stock

Complementary Tools for NVent Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 1.0	Cash
Accounts Payable	+ 0.98	Total Current Liabilities
Current Deferred Revenue	+ 0.98	Total Current Liabilities
Current Deferred Revenue	+ 0.98	Total Current Assets
Inventory	+ 0.97	Total Current Liabilities
Current Deferred Revenue	+ 0.97	Accounts Payable

Common Stock	- 0.97	Other Current Assets
Current Deferred Revenue	- 0.94	Other Liab
Common Stock	- 0.92	Total Liab
Total Current Assets	- 0.92	Other Liab
Other Current Assets	- 0.92	Total Stockholder Equity
Common Stock	- 0.92	Other Current Liab