Viavi Other Stockholder Equity vs Net Debt Analysis

VIAV Stock

USD 7.61 0.09 1.20%

Viavi Solutions financial indicator trend analysis is much more than just breaking down Viavi Solutions prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Viavi Solutions is a good investment. Please check the relationship between Viavi Solutions Other Stockholder Equity and its Net Debt accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Viavi Solutions. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation.

For more information on how to buy Viavi Stock please use our How to Invest in Viavi Solutions guide.

Other Stockholder Equity vs Net Debt

Other Stockholder Equity vs Net Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Viavi Solutions Other Stockholder Equity account and Net Debt. At this time, the significance of the direction appears to have almost no relationship.

The correlation between Viavi Solutions' Other Stockholder Equity and Net Debt is 0.14. Overlapping area represents the amount of variation of Other Stockholder Equity that can explain the historical movement of Net Debt in the same time period over historical financial statements of Viavi Solutions, assuming nothing else is changed. The correlation between historical values of Viavi Solutions' Other Stockholder Equity 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 Other Stockholder Equity of Viavi Solutions 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 Other Stockholder Equity i.e., Viavi Solutions' Other Stockholder Equity and Net Debt go up and down completely randomly.

Correlation Coefficient

0.14

Relationship Direction	Positive
Relationship Strength	Insignificant

View All Relationships

Other Stockholder Equity

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

For more information on how to buy Viavi Stock please use our How to Invest in Viavi Solutions guide.At this time, Viavi Solutions' Enterprise Value Over EBITDA is fairly stable compared to the past year. Enterprise Value Multiple is likely to climb to 60.65 in 2024, whereas Selling General Administrative is likely to drop slightly above 342 M in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	773.5M	638.8M	734.6M	467.0M
Total Revenue	1.3B	1.1B	1.3B	1.1B

Gross Profit Total Revenue

Viavi Solutions fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Intangible Assets	Common Stock Total Equity	Short Term Investments
Total Assets		0.55	0.42	0.57	0.75	0.75	0.29	-0.92	0.64	0.52	0.75	0.32	0.71	0.72	0.83	0.56	0.63	0.3	0.83	0.78	0.67	0.9	0.35	0.39	-0.15	0.2
Short Long Term Debt Total	0.55		0.44	0.25	0.08	0.21	0.5	-0.56	-0.16	0.84	0.35	0.21	0.6	0.18	0.59	0.9	-0.02	0.6	0.62	0.93	0.23	0.54	0.13	0.0	-0.07	-0.07
Other Current Liab	0.42	0.44		0.76	0.15	0.38	0.16	-0.49	0.14	0.44	0.48	0.75	0.07	0.53	0.46	0.15	0.39	0.13	0.48	0.52	0.53	0.24	0.58	0.28	-0.09	-0.49
Total Current Liabilities	0.57	0.25	0.76		0.53	0.57	0.01	-0.57	0.53	0.3	0.43	0.48	0.24	0.71	0.56	-0.05	0.63	0.05	0.56	0.47	0.56	0.49	0.92	0.47	-0.01	-0.06
Total Stockholder Equity	0.75	0.08	0.15	0.53		0.76	-0.14	-0.74	0.87	0.15	0.37	0.08	0.47	0.8	0.73	0.16	0.78	0.0	0.71	0.41	0.62	0.75	0.37	0.56	0.22	0.47
Property Plant And Equipment Net	0.75	0.21	0.38	0.57	0.76		0.31	-0.7	0.8	0.08	0.7	0.51	0.24	0.92	0.71	0.25	0.94	0.34	0.72	0.52	0.86	0.61	0.28	0.31	-0.28	0.06
Net Debt	0.29	0.5	0.16	0.01	-0.14	0.31		-0.12	0.06	-0.02	0.54	0.21	0.07	0.15	0.09	0.5	0.13	0.55	0.14	0.45	0.2	0.11	-0.16	-0.05	-0.45	-0.07
Retained Earnings	-0.92	-0.56	-0.49	-0.57	-0.74	-0.7	-0.12		-0.51	-0.6	-0.65	-0.39	-0.62	-0.75	-0.96	-0.57	-0.59	-0.27	-0.96	-0.8	-0.7	-0.82	-0.33	-0.43	0.01	-0.07
Accounts Payable	0.64	-0.16	0.14	0.53	0.87	0.8	0.06	-0.51		-0.21	0.47	0.19	0.23	0.81	0.47	-0.09	0.88	-0.12	0.46	0.19	0.62	0.56	0.35	0.54	-0.02	0.42
Cash	0.52	0.84	0.44	0.3	0.15	0.08	-0.02	-0.6	-0.21		0.19	0.18	0.71	0.11	0.62	0.72	-0.09	0.36	0.62	0.79	0.18	0.6	0.25	-0.02	0.03	-0.09
Non Current Assets Total	0.75	0.35	0.48	0.43	0.37	0.7	0.54	-0.65	0.47	0.19		0.55	0.19	0.65	0.53	0.37	0.59	0.29	0.56	0.54	0.7	0.42	0.2	0.31	-0.51	-0.34
Non Currrent Assets Other	0.32	0.21	0.75	0.48	0.08	0.51	0.21	-0.39	0.19	0.18	0.55		-0.09	0.53	0.36	0.08	0.47	0.14	0.38	0.31	0.67	0.13	0.24	-0.09	-0.38	-0.55
Cash And Short Term Investments	0.71	0.6	0.07	0.24	0.47	0.24	0.07	-0.62	0.23	0.71	0.19	-0.09		0.15	0.57	0.6	0.1	0.29	0.57	0.65	0.17	0.91	0.18	0.03	-0.03	0.54
Net Receivables	0.72	0.18	0.53	0.71	0.8	0.92	0.15	-0.75	0.81	0.11	0.65	0.53	0.15		0.77	0.17	0.93	0.11	0.77	0.51	0.83	0.54	0.44	0.55	-0.05	-0.02
Common Stock Shares Outstanding	0.83	0.59	0.46	0.56	0.73	0.71	0.09	-0.96	0.47	0.62	0.53	0.36	0.57	0.77		0.61	0.6	0.31	1.0	0.82	0.72	0.78	0.32	0.4	0.02	0.07
Non Current Liabilities Total	0.56	0.9	0.15	-0.05	0.16	0.25	0.5	-0.57	-0.09	0.72	0.37	0.08	0.6	0.17	0.61		-0.01	0.56	0.63	0.86	0.25	0.54	-0.22	0.0	-0.07	0.04
Inventory	0.63	-0.02	0.39	0.63	0.78	0.94	0.13	-0.59	0.88	-0.09	0.59	0.47	0.1	0.93	0.6	-0.01		0.15	0.6	0.31	0.82	0.5	0.38	0.47	-0.19	0.07
Other Current Assets	0.3	0.6	0.13	0.05	0.0	0.34	0.55	-0.27	-0.12	0.36	0.29	0.14	0.29	0.11	0.31	0.56	0.15		0.36	0.52	0.19	0.3	-0.07	-0.23	-0.35	-0.07
Other Stockholder Equity	0.83	0.62	0.48	0.56	0.71	0.72	0.14	-0.96	0.46	0.62	0.56	0.38	0.57	0.77	1.0	0.63	0.6	0.36		0.84	0.73	0.77	0.32	0.4	-0.02	0.04
Total Liab	0.78	0.93	0.52	0.47	0.41	0.52	0.45	-0.8	0.19	0.79	0.54	0.31	0.65	0.51	0.82	0.86	0.31	0.52	0.84		0.51	0.73	0.28	0.23	-0.06	0.01
Property Plant And Equipment Gross	0.67	0.23	0.53	0.56	0.62	0.86	0.2	-0.7	0.62	0.18	0.7	0.67	0.17	0.83	0.72	0.25	0.82	0.19	0.73	0.51		0.5	0.27	0.34	-0.32	-0.16
Total Current Assets	0.9	0.54	0.24	0.49	0.75	0.61	0.11	-0.82	0.56	0.6	0.42	0.13	0.91	0.54	0.78	0.54	0.5	0.3	0.77	0.73	0.5		0.32	0.24	-0.08	0.48
Short Term Debt	0.35	0.13	0.58	0.92	0.37	0.28	-0.16	-0.33	0.35	0.25	0.2	0.24	0.18	0.44	0.32	-0.22	0.38	-0.07	0.32	0.28	0.27	0.32		0.39	0.1	-0.02
Intangible Assets	0.39	0.0	0.28	0.47	0.56	0.31	-0.05	-0.43	0.54	-0.02	0.31	-0.09	0.03	0.55	0.4	0.0	0.47	-0.23	0.4	0.23	0.34	0.24	0.39		0.31	0.09
Common Stock Total Equity	-0.15	-0.07	-0.09	-0.01	0.22	-0.28	-0.45	0.01	-0.02	0.03	-0.51	-0.38	-0.03	-0.05	0.02	-0.07	-0.19	-0.35	-0.02	-0.06	-0.32	-0.08	0.1	0.31		0.34
Short Term Investments	0.2	-0.07	-0.49	-0.06	0.47	0.06	-0.07	-0.07	0.42	-0.09	-0.34	-0.55	0.54	-0.02	0.07	0.04	0.07	-0.07	0.04	0.01	-0.16	0.48	-0.02	0.09	0.34

Click cells to compare fundamentals

Viavi Solutions Account Relationship Matchups

Viavi Solutions fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.8B	2.0B	1.8B	1.9B	1.7B	2.3B
Short Long Term Debt Total	603.7M	669.8M	684.9M	725.7M	834.6M	438.2M
Other Current Liab	122.4M	157.9M	161.6M	121.5M	109.4M	105.3M
Total Current Liabilities	232.8M	705M	369.3M	343.5M	395.0M	353.3M
Total Stockholder Equity	711.4M	774.8M	671.7M	690.8M	621.7M	590.6M
Property Plant And Equipment Net	172.5M	196M	228.9M	243M	279.5M	242.9M
Net Debt	64.7M	(28M)	125M	219.2M	252.1M	264.7M
Retained Earnings	(69.4B)	(69.4B)	(69.5B)	(69.6B)	(62.6B)	(65.8B)
Accounts Payable	53M	63.2M	58.3M	47.2M	54.3M	81.4M
Cash	539M	697.8M	559.9M	506.5M	582.5M	379.8M
Non Current Assets Total	862.7M	849.3M	822.8M	905.5M	815.0M	1.4B
Non Currrent Assets Other	54.8M	52.8M	55.9M	56.8M	51.1M	55.5M
Cash And Short Term Investments	540.5M	699.4M	561.3M	521.1M	599.3M	787.4M
Net Receivables	235.5M	256.5M	260.9M	231.2M	265.9M	212.3M
Common Stock Shares Outstanding	233.7M	236.3M	238.2M	226.6M	260.6M	180.5M
Liabilities And Stockholders Equity	1.8B	2.0B	1.8B	1.9B	1.7B	2.3B
Non Current Liabilities Total	832.1M	481.6M	786.9M	816.2M	938.6M	528.1M
Inventory	83.3M	94.9M	110.1M	116.1M	133.5M	123.5M
Other Stockholder Equity	70.3B	70.3B	70.4B	70.4B	81.0B	56.0B
Total Liab	1.1B	1.2B	1.2B	1.2B	1.3B	881.5M
Property Plant And Equipment Gross	213M	196M	228.9M	243M	279.5M	239.3M
Total Current Assets	913.6M	1.1B	1.0B	945M	1.1B	1.2B
Accumulated Other Comprehensive Income	(165.9M)	(97.2M)	(156.4M)	(136M)	(122.4M)	(116.3M)
Short Term Debt	2.8M	414.2M	68.4M	96.2M	110.6M	99.2M
Intangible Assets	148.1M	88M	54.2M	58.6M	52.7M	50.1M
Other Liab	201M	186.9M	226M	170.4M	196.0M	131.7M
Other Assets	121.2M	115.7M	168.8M	152.1M	136.9M	121.0M
Long Term Debt	600.9M	255.6M	616.5M	629.5M	723.9M	480.1M
Property Plant Equipment	213M	196M	228.9M	243M	218.7M	227.0M
Good Will	381.4M	396.5M	387.6M	455.2M	409.7M	482.4M
Current Deferred Revenue	55.3M	54.6M	69.7M	81M	70.7M	68.2M
Net Tangible Assets	181.9M	290.3M	229.9M	632.2M	569.0M	385.8M
Retained Earnings Total Equity	(69.4B)	(69.4B)	(69.5B)	(69.6B)	(62.6B)	(65.8B)
Long Term Debt Total	600.9M	255.6M	616.5M	629.5M	723.9M	614.3M
Capital Surpluse	70.3B	70.3B	70.4B	70.4B	81.0B	77.1B
Non Current Liabilities Other	40.3M	226M	170.4M	186.7M	168.0M	144.1M

Pair Trading with Viavi Solutions

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

Moving against Viavi Stock

0.82	DSWL	Deswell Industries	Pair Corr
0.71	FKWL	Franklin Wireless Corp	Pair Corr
0.7	CTS	CTS Corporation	Pair Corr
0.69	VISL	Vislink Technologies	Pair Corr
0.55	AAPL	Apple Inc Aggressive Push	Pair Corr

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

The correlation of Viavi Solutions 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 Viavi Solutions moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Viavi Solutions 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 Viavi Solutions 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

Additional Tools for Viavi Stock Analysis

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

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC