Altice Long Term Debt vs Net Working Capital Analysis

ATUS Stock

USD 2.05 0.10 5.13%

Altice USA financial indicator trend analysis is way more than just evaluating Altice USA prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Altice USA is a good investment. Please check the relationship between Altice USA Long Term Debt and its Net Working Capital accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Altice USA. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in employment.

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

Long Term Debt vs Net Working Capital

Long Term Debt vs Net Working Capital Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Altice USA Long Term Debt account and Net Working Capital. At this time, the significance of the direction appears to have almost no relationship.

The correlation between Altice USA's Long Term Debt and Net Working Capital is 0.16. Overlapping area represents the amount of variation of Long Term Debt that can explain the historical movement of Net Working Capital in the same time period over historical financial statements of Altice USA, assuming nothing else is changed. The correlation between historical values of Altice USA's Long Term Debt and Net Working Capital is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Long Term Debt of Altice USA are associated (or correlated) with its Net Working Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Working Capital has no effect on the direction of Long Term Debt i.e., Altice USA's Long Term Debt and Net Working Capital go up and down completely randomly.

Correlation Coefficient

0.16

Relationship Direction	Positive
Relationship Strength	Insignificant

View All Relationships

Long Term Debt

Long-term debt is a debt that Altice USA has held for over one year. Long-term debt appears on Altice USA balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on Altice USA balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.

Net Working Capital

Most indicators from Altice USA's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Altice USA 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 Altice USA. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in employment.

For more information on how to buy Altice Stock please use our How to Invest in Altice USA guide.At this time, Altice USA's Tax Provision is comparatively stable compared to the past year. Enterprise Value Over EBITDA is likely to gain to 10.90 in 2024, despite the fact that Discontinued Operations is likely to grow to (10.7 M).

	2020	2021	2023	2024 (projected)
Gross Profit	6.7B	6.4B	4.6B	4.5B
Total Revenue	10.1B	9.6B	9.2B	7.7B

Gross Profit Total Revenue

Altice USA fundamental ratios Correlations

	Total Assets	Other Current Liab	Other Liab	Accounts Payable	Cash	Other Assets	Long Term Debt	Total Liab	Intangible Assets	Common Stock	Property Plant Equipment	Total Current Liabilities	Other Current Assets	Good Will	Treasury Stock	Short Term Investments	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total
Total Assets		-0.06	0.92	0.85	-0.54	0.26	0.97	0.98	0.99	0.77	0.92	0.76	-0.23	0.95	0.51	0.2	0.87	0.92	0.92	0.93	0.99	0.44	-0.58	0.8	0.88	0.97
Other Current Liab	-0.06		-0.03	-0.34	-0.39	-0.18	-0.22	-0.16	0.0	0.05	-0.09	-0.17	-0.24	-0.1	-0.21	-0.31	0.01	-0.21	-0.33	-0.18	-0.1	-0.33	-0.19	0.02	0.1	-0.14
Other Liab	0.92	-0.03		0.73	-0.41	0.16	0.88	0.91	0.91	0.74	0.87	0.76	-0.29	0.96	0.47	0.4	0.84	0.91	0.91	0.92	0.96	0.47	-0.48	0.74	0.87	0.95
Accounts Payable	0.85	-0.34	0.73		-0.54	0.31	0.9	0.88	0.8	0.43	0.85	0.8	0.07	0.83	0.68	0.41	0.62	0.91	0.84	0.79	0.83	0.2	-0.58	0.61	0.55	0.86
Cash	-0.54	-0.39	-0.41	-0.54		-0.3	-0.5	-0.49	-0.53	-0.14	-0.51	-0.27	0.17	-0.56	-0.66	0.04	-0.38	-0.49	-0.33	-0.42	-0.5	0.21	0.9	-0.64	-0.41	-0.52
Other Assets	0.26	-0.18	0.16	0.31	-0.3		0.32	0.29	0.24	0.04	0.09	0.09	-0.06	0.23	0.24	-0.35	0.1	0.16	0.27	0.18	0.25	0.31	-0.3	0.3	0.22	0.28
Long Term Debt	0.97	-0.22	0.88	0.9	-0.5	0.32		0.99	0.94	0.68	0.92	0.77	-0.15	0.93	0.57	0.27	0.78	0.94	0.93	0.9	0.96	0.42	-0.61	0.78	0.79	0.97
Total Liab	0.98	-0.16	0.91	0.88	-0.49	0.29	0.99		0.96	0.7	0.92	0.81	-0.18	0.93	0.53	0.27	0.79	0.94	0.94	0.9	0.97	0.45	-0.57	0.77	0.82	0.98
Intangible Assets	0.99	0.0	0.91	0.8	-0.53	0.24	0.94	0.96		0.82	0.88	0.72	-0.28	0.93	0.45	0.12	0.9	0.87	0.89	0.93	0.98	0.45	-0.57	0.82	0.92	0.95
Common Stock	0.77	0.05	0.74	0.43	-0.14	0.04	0.68	0.7	0.82		0.6	0.47	-0.32	0.68	-0.03	-0.05	0.92	0.56	0.66	0.79	0.77	0.52	-0.24	0.64	0.89	0.68
Property Plant Equipment	0.92	-0.09	0.87	0.85	-0.51	0.09	0.92	0.92	0.88	0.6		0.71	-0.25	0.89	0.56	0.46	0.73	0.97	0.86	0.85	0.9	0.31	-0.57	0.64	0.68	0.92
Total Current Liabilities	0.76	-0.17	0.76	0.8	-0.27	0.09	0.77	0.81	0.72	0.47	0.71		0.11	0.74	0.38	0.47	0.54	0.79	0.78	0.67	0.75	0.2	-0.31	0.44	0.55	0.78
Other Current Assets	-0.23	-0.24	-0.29	0.07	0.17	-0.06	-0.15	-0.18	-0.28	-0.32	-0.25	0.11		-0.26	-0.07	0.22	-0.32	-0.11	-0.14	-0.25	-0.26	-0.36	0.24	-0.38	-0.41	-0.23
Good Will	0.95	-0.1	0.96	0.83	-0.56	0.23	0.93	0.93	0.93	0.68	0.89	0.74	-0.26		0.64	0.34	0.85	0.94	0.93	0.96	0.98	0.43	-0.62	0.85	0.86	0.98
Treasury Stock	0.51	-0.21	0.47	0.68	-0.66	0.24	0.57	0.53	0.45	-0.03	0.56	0.38	-0.07	0.64		0.33	0.27	0.63	0.56	0.5	0.54	0.09	-0.63	0.64	0.32	0.61
Short Term Investments	0.2	-0.31	0.4	0.41	0.04	-0.35	0.27	0.27	0.12	-0.05	0.46	0.47	0.22	0.34	0.33		0.09	0.55	0.36	0.28	0.26	-0.11	-0.04	-0.06	-0.05	0.32
Total Stockholder Equity	0.87	0.01	0.84	0.62	-0.38	0.1	0.78	0.79	0.9	0.92	0.73	0.54	-0.32	0.85	0.27	0.09		0.74	0.78	0.94	0.89	0.48	-0.43	0.76	0.92	0.82
Property Plant And Equipment Net	0.92	-0.21	0.91	0.91	-0.49	0.16	0.94	0.94	0.87	0.56	0.97	0.79	-0.11	0.94	0.63	0.55	0.74		0.92	0.89	0.93	0.33	-0.55	0.66	0.69	0.95
Net Debt	0.92	-0.33	0.91	0.84	-0.33	0.27	0.93	0.94	0.89	0.66	0.86	0.78	-0.14	0.93	0.56	0.36	0.78	0.92		0.93	0.95	0.63	-0.38	0.72	0.79	0.96
Retained Earnings	0.93	-0.18	0.92	0.79	-0.42	0.18	0.9	0.9	0.93	0.79	0.85	0.67	-0.25	0.96	0.5	0.28	0.94	0.89	0.93		0.97	0.53	-0.49	0.81	0.89	0.94
Non Current Assets Total	0.99	-0.1	0.96	0.83	-0.5	0.25	0.96	0.97	0.98	0.77	0.9	0.75	-0.26	0.98	0.54	0.26	0.89	0.93	0.95	0.97		0.5	-0.57	0.83	0.9	0.99
Non Currrent Assets Other	0.44	-0.33	0.47	0.2	0.21	0.31	0.42	0.45	0.45	0.52	0.31	0.2	-0.36	0.43	0.09	-0.11	0.48	0.33	0.63	0.53	0.5		0.21	0.4	0.58	0.48
Cash And Short Term Investments	-0.58	-0.19	-0.48	-0.58	0.9	-0.3	-0.61	-0.57	-0.57	-0.24	-0.57	-0.31	0.24	-0.62	-0.63	-0.04	-0.43	-0.55	-0.38	-0.49	-0.57	0.21		-0.73	-0.47	-0.59
Net Receivables	0.8	0.02	0.74	0.61	-0.64	0.3	0.78	0.77	0.82	0.64	0.64	0.44	-0.38	0.85	0.64	-0.06	0.76	0.66	0.72	0.81	0.83	0.4	-0.73		0.88	0.82
Common Stock Shares Outstanding	0.88	0.1	0.87	0.55	-0.41	0.22	0.79	0.82	0.92	0.89	0.68	0.55	-0.41	0.86	0.32	-0.05	0.92	0.69	0.79	0.89	0.9	0.58	-0.47	0.88		0.85
Non Current Liabilities Total	0.97	-0.14	0.95	0.86	-0.52	0.28	0.97	0.98	0.95	0.68	0.92	0.78	-0.23	0.98	0.61	0.32	0.82	0.95	0.96	0.94	0.99	0.48	-0.59	0.82	0.85

Click cells to compare fundamentals

Altice USA Account Relationship Matchups

Altice USA fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	33.6B	33.4B	33.2B	33.7B	32.7B	19.0B
Other Current Liab	865.0M	947.0M	699.8M	670.3M	878.8M	806.7M
Other Liab	5.2B	5.5B	5.4B	5.4B	6.2B	6.5B
Accounts Payable	857.5M	795.6M	1.0B	1.2B	937.0M	654.0M
Cash	298.8M	278.4M	195.7M	305.5M	302.3M	451.3M
Other Assets	2.0B	15.7B	2.2B	74.1M	85.2M	80.9M
Long Term Debt	24.2B	25.5B	25.5B	24.4B	24.6B	15.9B
Total Liab	29.9B	34.6B	34.1B	34.2B	33.2B	21.3B
Intangible Assets	17.2B	15.8B	15.4B	14.9B	14.5B	7.5B
Common Stock	7.1M	4.8M	4.5M	4.6M	4.6M	4.2M
Property Plant Equipment	6.0B	5.8B	6.3B	7.5B	8.6B	4.9B
Total Current Liabilities	2.0B	3.1B	2.7B	4.0B	2.3B	2.6B
Other Current Assets	200.3M	182.9M	1.9B	130.7M	174.5M	165.7M
Good Will	8.0B	8.2B	8.2B	8.2B	8.0B	8.4B
Short Term Investments	0.0	2.0M	5.1M	1.5B	1.7B	1.8B
Total Stockholder Equity	3.7B	(1.1B)	(819.8M)	(475.2M)	(422.2M)	(443.3M)
Property Plant And Equipment Net	5.8B	6.0B	6.6B	7.8B	8.4B	6.1B
Net Debt	22.5B	26.7B	26.6B	26.5B	25.1B	20.7B
Retained Earnings	251.8M	(985.6M)	(848.8M)	(654.3M)	(601.1M)	(631.1M)
Non Current Assets Total	32.7B	32.4B	32.4B	31.1B	31.9B	25.6B
Non Currrent Assets Other	2.3B	2.2B	(2.7B)	(800.2M)	81.9M	77.8M
Cash And Short Term Investments	298.8M	278.4M	195.7M	305.5M	302.3M	359.4M
Net Receivables	466.0M	446.8M	410.7M	366.0M	358.0M	396.7M
Common Stock Shares Outstanding	662.5M	583.7M	462.3M	453.3M	455.0M	537.2M
Non Current Liabilities Total	27.9B	31.5B	31.4B	30.1B	30.8B	25.6B
Other Stockholder Equity	(272.4M)	(7.8M)	182.7M	154M	187.2M	177.8M
Total Current Assets	903.3M	976.6M	789.6M	2.6B	834.8M	1.2B
Short Long Term Debt Total	22.8B	27.0B	26.8B	26.8B	25.4B	23.1B
Liabilities And Stockholders Equity	33.6B	33.4B	33.2B	33.7B	32.7B	29.2B
Inventory	2.2M	51.0M	264K	(3.0M)	1.8B	0.95
Accumulated Other Comprehensive Income	(11.8M)	3.6M	6.5M	(8.2M)	(12.9M)	(13.5M)
Short Term Debt	158.6M	1.2B	917.3M	2.1B	407.4M	387.0M
Net Tangible Assets	(22.4B)	(12.1B)	(11.2B)	(23.6B)	(21.2B)	(22.3B)
Short Long Term Debt	148.7M	1.2B	808.1M	1.9B	235.8M	224.0M
Current Deferred Revenue	140.1M	109.8M	94.9M	80.6M	85.0M	79.7M
Long Term Debt Total	21.3B	22.7B	24.2B	25.5B	29.3B	25.6B
Capital Surpluse	3.4B	2.0B	18.0M	182.7M	164.4M	156.2M
Capital Lease Obligations	291.1M	320.9M	456.0M	504.8M	493.0M	294.4M

Pair Trading with Altice USA

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 Altice USA 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 Altice USA will appreciate offsetting losses from the drop in the long position's value.

Moving against Altice Stock

0.63

Outbrain Financial Report 14th of May 2024

Pair Corr

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

The correlation of Altice USA 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 Altice USA moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Altice USA 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 Altice USA 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 Altice USA is a strong investment it is important to analyze Altice USA's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Altice USA's future performance. For an informed investment choice regarding Altice Stock, refer to the following important reports:

How To Invest In Altice

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Is Altice Stock a good investment?

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What is Altice USA's Net Worth?

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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Altice USA. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in employment.

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

You can also try the Technical Analysis module to check basic technical indicators and analysis based on most latest market data.

Complementary Tools for Altice Stock analysis

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

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Is Altice USA'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 Altice USA. If investors know Altice 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 Altice USA 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

(0.22)

Earnings Share

0.12

Revenue Per Share

20.314

Quarterly Revenue Growth

(0.03)

Return On Assets

0.0365

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

Long Term Debt vs Net Working Capital

Long Term Debt vs Net Working Capital Correlation Analysis

Correlation Coefficient

Long Term Debt

Net Working Capital

Altice USA fundamental ratios Correlations

Altice USA Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Altice USA fundamental ratios Accounts

Pair Trading with Altice USA

Moving against Altice Stock

Complementary Tools for Altice Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Intangible Assets	+ 0.99	Total Assets
Non Current Assets Total	+ 0.99	Total Assets
Total Liab	+ 0.99	Long Term Debt
Non Current Liabilities Total	+ 0.99	Non Current Assets Total
Total Liab	+ 0.98	Total Assets
Non Current Liabilities Total	+ 0.98	Total Liab

Net Receivables	- 0.73	Cash And Short Term Investments
Treasury Stock	- 0.66	Cash
Net Receivables	- 0.64	Cash
Cash And Short Term Investments	- 0.63	Treasury Stock
Cash And Short Term Investments	- 0.62	Good Will
Cash And Short Term Investments	- 0.61	Long Term Debt