Chegg Net Receivables vs Non Currrent Assets Other Analysis
CHGG Stock | USD 4.07 0.31 7.08% |
Chegg financial indicator trend analysis is way more than just evaluating Chegg Inc prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Chegg Inc is a good investment. Please check the relationship between Chegg Net Receivables and its Non Currrent Assets Other accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Chegg 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 price.
Net Receivables vs Non Currrent Assets Other
Net Receivables vs Non Currrent Assets Other Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Chegg Inc Net Receivables account and Non Currrent Assets Other. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Chegg's Net Receivables and Non Currrent Assets Other is 0.8. Overlapping area represents the amount of variation of Net Receivables that can explain the historical movement of Non Currrent Assets Other in the same time period over historical financial statements of Chegg Inc, assuming nothing else is changed. The correlation between historical values of Chegg's Net Receivables 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 Net Receivables of Chegg 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 Net Receivables i.e., Chegg's Net Receivables and Non Currrent Assets Other go up and down completely randomly.
Correlation Coefficient | 0.8 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Net Receivables
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 Chegg's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Chegg 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 Chegg 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 price. At this time, Chegg's Sales General And Administrative To Revenue is most likely to increase slightly in the upcoming years. The Chegg's current Enterprise Value Over EBITDA is estimated to increase to 30.58, while Issuance Of Capital Stock is projected to decrease to 0.00.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 6.9M | 6.0M | 3.8M | 3.6M | Depreciation And Amortization | 74.1M | 91.6M | 129.7M | 67.5M |
Chegg fundamental ratios Correlations
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Chegg Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Chegg fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 1.5B | 2.3B | 2.9B | 2.5B | 1.7B | 1.0B | |
Common Stock Shares Outstanding | 119.2M | 125.4M | 141.3M | 149.9M | 128.6M | 100.1M | |
Short Long Term Debt Total | 920.1M | 1.5B | 1.7B | 1.2B | 617.9M | 864.5M | |
Other Current Liab | 40.0M | 62.0M | 60.5M | 62.7M | 77.9M | 43.5M | |
Total Current Liabilities | 71.4M | 109.7M | 114.3M | 138.9M | 518.5M | 544.4M | |
Total Stockholder Equity | 498.8M | 609.6M | 1.1B | 1.1B | 944.6M | 500.5M | |
Other Liab | 4.0M | 5.7M | 7.4M | 8.0M | 9.2M | 5.7M | |
Property Plant And Equipment Net | 103.3M | 184.2M | 199.2M | 223.2M | 208.2M | 129.4M | |
Current Deferred Revenue | 18.8M | 32.6M | 35.1M | 56.3M | 55.3M | 28.7M | |
Net Debt | 532.6M | 1.1B | 836.5M | 728.3M | 482.1M | 264.2M | |
Retained Earnings | (416.3M) | (422.6M) | (337.2M) | (70.6M) | (52.4M) | (55.0M) | |
Accounts Payable | 7.4M | 8.5M | 12.0M | 12.4M | 28.2M | 29.6M | |
Cash | 387.5M | 479.9M | 854.1M | 473.7M | 135.8M | 267.8M | |
Non Current Assets Total | 681.7M | 1.1B | 1.3B | 1.3B | 1.3B | 1.4B | |
Non Currrent Assets Other | 18.8M | 24.0M | 19.7M | 20.6M | 26.2M | 27.5M | |
Other Assets | 18.8M | 606.0M | 21.0M | 188.1M | 1.0 | 0.95 | |
Long Term Debt | 900.3M | 1.5B | 1.7B | 1.2B | 242.8M | 230.6M | |
Cash And Short Term Investments | 768.6M | 1.1B | 1.5B | 1.1B | 330.0M | 503.0M | |
Net Receivables | 11.5M | 12.9M | 17.9M | 23.5M | 31.4M | 33.0M | |
Good Will | 214.5M | 285.2M | 289.8M | 615.1M | 632.0M | 663.6M | |
Common Stock Total Equity | 122K | 129K | 137K | 126K | 144.9K | 101.8K | |
Short Term Investments | 381.1M | 665.6M | 691.8M | 584.0M | 194.3M | 235.5M | |
Liabilities And Stockholders Equity | 1.5B | 2.3B | 2.9B | 2.5B | 1.7B | 1.2B | |
Non Current Liabilities Total | 918.8M | 1.5B | 1.7B | 1.2B | 264.2M | 250.9M | |
Inventory | 10.5M | 12.8M | 35.1M | 28.5M | 1.0 | 0.95 | |
Other Current Assets | 16.6M | 11.8M | 23.8M | 34.8M | 53.4M | 56.1M | |
Other Stockholder Equity | 916.1M | 1.0B | 1.4B | 1.2B | 1.0B | 779.0M | |
Total Liab | 990.2M | 1.6B | 1.8B | 1.3B | 782.6M | 657.1M | |
Property Plant And Equipment Gross | 103.3M | 184.2M | 199.2M | 223.2M | 442.7M | 464.8M | |
Total Current Assets | 807.3M | 1.2B | 1.6B | 1.1B | 414.8M | 545.8M | |
Accumulated Other Comprehensive Income | (1.1M) | 1.5M | (5.3M) | (57.5M) | (34.7M) | (33.0M) | |
Short Term Debt | 5.3M | 6.6M | 6.7M | 7.5M | 357.1M | 374.9M | |
Intangible Assets | 34.7M | 51.2M | 40.6M | 78.3M | 52.4M | 31.4M | |
Common Stock | 122K | 129K | 137K | 126K | 103K | 102.6K | |
Property Plant Equipment | 87.4M | 125.8M | 199.2M | 204.4M | 235.0M | 246.8M | |
Net Tangible Assets | 249.6M | 558.4M | 776.6M | 1.0B | 1.2B | 1.3B | |
Retained Earnings Total Equity | (416.3M) | (422.6M) | (337.2M) | (70.6M) | (81.1M) | (85.2M) | |
Capital Surpluse | 916.1M | 1.0B | 1.4B | 1.2B | 1.4B | 967.0M | |
Long Term Investments | 310.5M | 523.6M | 746.0M | 216.2M | 249.5M | 229.7M | |
Non Current Liabilities Other | 918.8M | 1.5B | 7.4M | 8.0M | 3.3M | 3.2M |
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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Chegg 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 price. Note that the Chegg Inc information on this page should be used as a complementary analysis to other Chegg's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the CEOs Directory module to screen CEOs from public companies around the world.
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Is Chegg'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 Chegg. If investors know Chegg 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 Chegg 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 4.996 | Earnings Share 0.13 | Revenue Per Share 6.324 | Quarterly Revenue Growth (0.07) | Return On Assets (0) |
The market value of Chegg Inc is measured differently than its book value, which is the value of Chegg that is recorded on the company's balance sheet. Investors also form their own opinion of Chegg's value that differs from its market value or its book value, called intrinsic value, which is Chegg'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 Chegg's market value can be influenced by many factors that don't directly affect Chegg'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 Chegg's value and its price as these two are different measures arrived at by different means. Investors typically determine if Chegg is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Chegg'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.