ANSYS Total Current Liabilities vs Non Currrent Assets Other Analysis
ANSS Stock | USD 328.25 1.00 0.31% |
ANSYS financial indicator trend analysis is way more than just evaluating ANSYS Inc prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether ANSYS Inc is a good investment. Please check the relationship between ANSYS Total Current Liabilities and its Non Currrent Assets Other accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in ANSYS Inc. 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.
Total Current Liabilities vs Non Currrent Assets Other
Total Current Liabilities vs Non Currrent Assets Other Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of ANSYS Inc Total Current Liabilities account and Non Currrent Assets Other. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between ANSYS's Total Current Liabilities and Non Currrent Assets Other is -0.12. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Non Currrent Assets Other in the same time period over historical financial statements of ANSYS Inc, assuming nothing else is changed. The correlation between historical values of ANSYS's Total Current Liabilities and Non Currrent Assets Other 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 Current Liabilities of ANSYS Inc are associated (or correlated) with its Non Currrent Assets Other. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Currrent Assets Other has no effect on the direction of Total Current Liabilities i.e., ANSYS's Total Current Liabilities and Non Currrent Assets Other go up and down completely randomly.
Correlation Coefficient | -0.12 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Total Current Liabilities
Total Current Liabilities is an item on ANSYS balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of ANSYS Inc 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.Non Currrent Assets Other
Assets that are not physical or tangible, expected to provide value for more than one year, and not easily converted into cash, such as long-term investments or patents.Most indicators from ANSYS's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into ANSYS Inc 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 ANSYS Inc. 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, ANSYS's Selling General Administrative is comparatively stable compared to the past year. Enterprise Value Over EBITDA is likely to gain to 42.52 in 2024, whereas Tax Provision is likely to drop slightly above 67.4 M in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 1.6B | 1.8B | 2.0B | 2.1B | Total Revenue | 1.9B | 2.1B | 2.3B | 2.4B |
ANSYS fundamental ratios Correlations
Click cells to compare fundamentals
ANSYS Account Relationship Matchups
High Positive Relationship
High Negative Relationship
ANSYS fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 4.8B | 5.9B | 6.3B | 6.7B | 7.3B | 7.7B | |
Other Current Liab | (89.3M) | (42.3M) | (33.7M) | (36.8M) | 386.6M | 405.9M | |
Total Current Liabilities | 351.4M | 372.1M | 391.5M | 414.0M | 889.3M | 933.8M | |
Total Stockholder Equity | 3.5B | 4.1B | 4.5B | 4.9B | 5.4B | 5.7B | |
Property Plant And Equipment Net | 189.3M | 234.2M | 208.8M | 210.0M | 194.8M | 204.5M | |
Net Debt | (448.6M) | (114.6M) | 85.9M | 139.2M | (5.8M) | (6.1M) | |
Retained Earnings | 3.4B | 3.8B | 4.3B | 4.8B | 5.3B | 5.5B | |
Accounts Payable | 14.3M | 18.7M | 10.9M | 14.0M | 22.8M | 23.9M | |
Cash | 872.1M | 912.7M | 667.7M | 614.4M | 860.2M | 455.4M | |
Non Current Assets Total | 3.5B | 4.5B | 5.0B | 5.3B | 5.3B | 5.5B | |
Non Currrent Assets Other | 643.0M | 756.7M | 838.0M | 550.2M | 272.4M | 168.8M | |
Cash And Short Term Investments | 872.4M | 913.2M | 668.0M | 614.6M | 860.4M | 462.6M | |
Net Receivables | 433.5M | 537.6M | 645.9M | 760.3M | 1.1B | 1.2B | |
Good Will | 2.4B | 3.0B | 3.4B | 3.7B | 3.8B | 4.0B | |
Common Stock Shares Outstanding | 85.9M | 87.3M | 88.1M | 87.5M | 87.4M | 88.7M | |
Liabilities And Stockholders Equity | 4.8B | 5.9B | 6.3B | 6.7B | 7.3B | 7.7B | |
Non Current Liabilities Total | 1.0B | 1.5B | 1.4B | 1.4B | 1.0B | 1.1B | |
Other Current Assets | 45.3M | 44.7M | 52.4M | 51.2M | 48.9M | 43.2M | |
Other Stockholder Equity | 147.1M | 310.1M | 280.0M | 204.7M | 196.3M | 328.4M | |
Total Liab | 1.4B | 1.8B | 1.8B | 1.8B | 1.9B | 991.7M | |
Property Plant And Equipment Gross | 189.3M | 234.2M | 364.9M | 368.3M | 370.2M | 388.7M | |
Total Current Assets | 1.3B | 1.5B | 1.3B | 1.4B | 2.0B | 2.2B | |
Accumulated Other Comprehensive Income | (65.4M) | (17.8M) | (56.1M) | (122.7M) | (90.3M) | (85.8M) | |
Intangible Assets | 476.7M | 694.9M | 763.1M | 809.2M | 835.4M | 877.2M | |
Other Assets | 204.1M | 253.9M | 838.0M | 845.6M | 972.5M | 1.0B | |
Short Term Investments | 288K | 479K | 361K | 183K | 189K | 179.6K | |
Treasury Stock | (1.0B) | (1.1B) | (1.2B) | (1.3B) | (1.2B) | (1.1B) | |
Property Plant Equipment | 83.6M | 96.5M | 87.9M | 80.8M | 93.0M | 48.8M | |
Current Deferred Revenue | 351.4M | 372.1M | 391.5M | 414.0M | 457.5M | 271.3M | |
Other Liab | 175.1M | 194.8M | 203.8M | 160.9M | 185.0M | 98.8M | |
Short Term Debt | 8.7M | 75M | 23.6M | 22.8M | 22.5M | 12.3M | |
Net Tangible Assets | 563.4M | 364.7M | 311.7M | 398.4M | 458.2M | 549.1M | |
Retained Earnings Total Equity | 3.4B | 3.8B | 4.3B | 4.8B | 5.5B | 5.8B | |
Capital Surpluse | 1.2B | 1.4B | 1.5B | 1.5B | 1.8B | 1.2B |
Pair Trading with ANSYS
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 ANSYS 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 ANSYS will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to ANSYS could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ANSYS 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 ANSYS - 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 ANSYS Inc to buy it.
The correlation of ANSYS 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 ANSYS moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ANSYS Inc 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 ANSYS 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 ANSYS Inc. 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 Insider Screener module to find insiders across different sectors to evaluate their impact on performance.
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When running ANSYS's price analysis, check to measure ANSYS'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 ANSYS is operating at the current time. Most of ANSYS's value examination focuses on studying past and present price action to predict the probability of ANSYS's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ANSYS's price. Additionally, you may evaluate how the addition of ANSYS to your portfolios can decrease your overall portfolio volatility.
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Is ANSYS'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 ANSYS. If investors know ANSYS 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 ANSYS 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 (0.65) | Earnings Share 4.97 | Revenue Per Share 25.638 | Quarterly Revenue Growth (0.08) | Return On Assets 0.0497 |
The market value of ANSYS Inc is measured differently than its book value, which is the value of ANSYS that is recorded on the company's balance sheet. Investors also form their own opinion of ANSYS's value that differs from its market value or its book value, called intrinsic value, which is ANSYS'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 ANSYS's market value can be influenced by many factors that don't directly affect ANSYS'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 ANSYS's value and its price as these two are different measures arrived at by different means. Investors typically determine if ANSYS is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ANSYS'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.