Celestica Cash And Short Term Investments vs Other Current Assets Analysis

CLS Stock

USD 53.43 0.79 1.50%

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

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

Cash And Short Term Investments vs Other Current Assets

Cash And Short Term Investments vs Other Current Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Celestica Cash And Short Term Investments account and Other Current Assets. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between Celestica's Cash And Short Term Investments and Other Current Assets is -0.04. Overlapping area represents the amount of variation of Cash And Short Term Investments that can explain the historical movement of Other Current Assets in the same time period over historical financial statements of Celestica, assuming nothing else is changed. The correlation between historical values of Celestica's Cash And Short Term Investments and Other Current Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash And Short Term Investments of Celestica are associated (or correlated) with its Other Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Assets has no effect on the direction of Cash And Short Term Investments i.e., Celestica's Cash And Short Term Investments and Other Current Assets go up and down completely randomly.

Correlation Coefficient

-0.04

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Cash And Short Term Investments

Short Term Investments is an account in the current assets section of Celestica balance sheet. This account contains Celestica investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Celestica 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.

Other Current Assets

Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.

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

For more information on how to buy Celestica Stock please use our How to Invest in Celestica guide.At this time, Celestica's Enterprise Value Over EBITDA is comparatively stable compared to the past year. Enterprise Value Multiple is likely to gain to 8.59 in 2024, whereas Selling General Administrative is likely to drop slightly above 268.5 M in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	487M	636.3M	752.5M	503.6M
Total Revenue	5.6B	7.3B	8.1B	5.4B

Gross Profit Total Revenue

Celestica 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	Good Will	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	Other Liab
Total Assets		0.68	0.86	0.98	0.78	0.92	0.57	0.21	0.94	-0.07	0.92	-0.57	-0.07	0.96	0.56	-0.5	0.75	0.96	0.77	0.11	0.97	0.66	0.99	0.3	0.57	0.74
Short Long Term Debt Total	0.68		0.53	0.65	0.2	0.59	0.9	0.63	0.54	-0.62	0.88	-0.8	-0.62	0.73	0.82	-0.84	0.95	0.64	0.39	-0.27	0.78	0.36	0.59	0.43	0.91	0.35
Other Current Liab	0.86	0.53		0.82	0.63	0.7	0.58	0.38	0.77	-0.08	0.75	-0.55	-0.08	0.77	0.64	-0.41	0.55	0.78	0.96	0.11	0.79	0.89	0.83	0.03	0.54	0.45
Total Current Liabilities	0.98	0.65	0.82		0.75	0.91	0.53	0.21	0.92	-0.13	0.9	-0.5	-0.13	0.95	0.54	-0.47	0.72	0.98	0.75	0.09	0.98	0.6	0.98	0.2	0.55	0.71
Total Stockholder Equity	0.78	0.2	0.63	0.75		0.83	-0.01	-0.38	0.8	0.5	0.55	-0.21	0.5	0.74	0.01	0.01	0.24	0.73	0.59	0.3	0.64	0.51	0.84	0.3	0.01	0.77
Property Plant And Equipment Net	0.92	0.59	0.7	0.91	0.83		0.4	0.01	0.81	0.05	0.86	-0.49	0.05	0.94	0.37	-0.41	0.65	0.87	0.61	0.07	0.89	0.57	0.93	0.44	0.41	0.83
Net Debt	0.57	0.9	0.58	0.53	-0.01	0.4		0.83	0.44	-0.71	0.77	-0.8	-0.71	0.59	0.93	-0.85	0.9	0.52	0.48	-0.25	0.68	0.47	0.46	0.3	0.95	0.17
Retained Earnings	0.21	0.63	0.38	0.21	-0.38	0.01	0.83		0.04	-0.87	0.42	-0.54	-0.87	0.21	0.84	-0.74	0.59	0.21	0.36	-0.33	0.34	0.35	0.1	-0.11	0.78	-0.22
Accounts Payable	0.94	0.54	0.77	0.92	0.8	0.81	0.44	0.04		0.07	0.8	-0.43	0.07	0.88	0.42	-0.34	0.64	0.92	0.69	0.27	0.89	0.54	0.95	0.27	0.44	0.72
Cash	-0.07	-0.62	-0.08	-0.13	0.5	0.05	-0.71	-0.87	0.07		-0.38	0.48	1.0	-0.12	-0.73	0.64	-0.57	-0.15	-0.04	0.47	-0.28	0.02	0.02	0.1	-0.76	0.27
Non Current Assets Total	0.92	0.88	0.75	0.9	0.55	0.86	0.77	0.42	0.8	-0.38		-0.78	-0.38	0.92	0.76	-0.65	0.91	0.88	0.61	-0.05	0.96	0.54	0.86	0.4	0.81	0.62
Non Currrent Assets Other	-0.57	-0.8	-0.55	-0.5	-0.21	-0.49	-0.8	-0.54	-0.43	0.48	-0.78		0.48	-0.61	-0.86	0.5	-0.75	-0.45	-0.39	-0.02	-0.61	-0.46	-0.46	-0.49	-0.88	-0.19
Cash And Short Term Investments	-0.07	-0.62	-0.08	-0.13	0.5	0.05	-0.71	-0.87	0.07	1.0	-0.38	0.48		-0.12	-0.73	0.64	-0.57	-0.15	-0.04	0.47	-0.28	0.02	0.02	0.1	-0.76	0.27
Net Receivables	0.96	0.73	0.77	0.95	0.74	0.94	0.59	0.21	0.88	-0.12	0.92	-0.61	-0.12		0.54	-0.53	0.78	0.9	0.68	0.09	0.96	0.64	0.95	0.42	0.59	0.74
Good Will	0.56	0.82	0.64	0.54	0.01	0.37	0.93	0.84	0.42	-0.73	0.76	-0.86	-0.73	0.54		-0.67	0.8	0.52	0.52	-0.12	0.65	0.5	0.45	0.14	0.97	0.07
Common Stock Shares Outstanding	-0.5	-0.84	-0.41	-0.47	0.01	-0.41	-0.85	-0.74	-0.34	0.64	-0.65	0.5	0.64	-0.53	-0.67		-0.85	-0.5	-0.33	0.45	-0.62	-0.29	-0.43	-0.26	-0.73	-0.33
Non Current Liabilities Total	0.75	0.95	0.55	0.72	0.24	0.65	0.9	0.59	0.64	-0.57	0.91	-0.75	-0.57	0.78	0.8	-0.85		0.72	0.41	-0.17	0.85	0.37	0.67	0.44	0.89	0.5
Inventory	0.96	0.64	0.78	0.98	0.73	0.87	0.52	0.21	0.92	-0.15	0.88	-0.45	-0.15	0.9	0.52	-0.5	0.72		0.71	0.06	0.96	0.51	0.97	0.16	0.54	0.72
Other Current Assets	0.77	0.39	0.96	0.75	0.59	0.61	0.48	0.36	0.69	-0.04	0.61	-0.39	-0.04	0.68	0.52	-0.33	0.41	0.71		0.1	0.69	0.88	0.76	-0.06	0.4	0.33
Other Stockholder Equity	0.11	-0.27	0.11	0.09	0.3	0.07	-0.25	-0.33	0.27	0.47	-0.05	-0.02	0.47	0.09	-0.12	0.45	-0.17	0.06	0.1		0.02	0.1	0.15	0.1	-0.17	0.11
Total Liab	0.97	0.78	0.79	0.98	0.64	0.89	0.68	0.34	0.89	-0.28	0.96	-0.61	-0.28	0.96	0.65	-0.62	0.85	0.96	0.69	0.02		0.56	0.95	0.29	0.69	0.69
Property Plant And Equipment Gross	0.66	0.36	0.89	0.6	0.51	0.57	0.47	0.35	0.54	0.02	0.54	-0.46	0.02	0.64	0.5	-0.29	0.37	0.51	0.88	0.1	0.56		0.63	0.05	0.37	0.31
Total Current Assets	0.99	0.59	0.83	0.98	0.84	0.93	0.46	0.1	0.95	0.02	0.86	-0.46	0.02	0.95	0.45	-0.43	0.67	0.97	0.76	0.15	0.95	0.63		0.26	0.46	0.77
Short Term Debt	0.3	0.43	0.03	0.2	0.3	0.44	0.3	-0.11	0.27	0.1	0.4	-0.49	0.1	0.42	0.14	-0.26	0.44	0.16	-0.06	0.1	0.29	0.05	0.26		0.27	0.39
Intangible Assets	0.57	0.91	0.54	0.55	0.01	0.41	0.95	0.78	0.44	-0.76	0.81	-0.88	-0.76	0.59	0.97	-0.73	0.89	0.54	0.4	-0.17	0.69	0.37	0.46	0.27		0.15
Other Liab	0.74	0.35	0.45	0.71	0.77	0.83	0.17	-0.22	0.72	0.27	0.62	-0.19	0.27	0.74	0.07	-0.33	0.5	0.72	0.33	0.11	0.69	0.31	0.77	0.39	0.15

Click cells to compare fundamentals

Celestica Account Relationship Matchups

Celestica fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	3.6B	3.7B	4.7B	5.6B	5.9B	4.3B
Short Long Term Debt Total	698.7M	585.9M	794.4M	786.1M	778.8M	483.4M
Other Current Liab	410.1M	584M	916M	1.5B	1.8B	1.9B
Total Current Liabilities	1.5B	1.6B	2.3B	3.1B	3.2B	1.7B
Total Stockholder Equity	1.4B	1.4B	1.5B	1.7B	1.8B	1.5B
Property Plant And Equipment Net	459.1M	433.5M	452.5M	510.3M	623.5M	358.8M
Net Debt	219.2M	122.1M	400.4M	411.6M	410.3M	430.8M
Retained Earnings	(1.4B)	(1.4B)	(1.3B)	(1.1B)	(835.3M)	(877.1M)
Accounts Payable	898M	854.5M	1.2B	1.4B	1.3B	1.1B
Cash	479.5M	463.8M	394M	374.5M	368.5M	553.6M
Non Current Assets Total	968.7M	926.9M	1.2B	1.3B	1.4B	848.7M
Non Currrent Assets Other	26.4M	25.5M	25.2M	34.8M	27.5M	26.2M
Cash And Short Term Investments	479.5M	463.8M	394M	374.5M	368.5M	553.6M
Net Receivables	1.1B	1.1B	1.3B	1.4B	1.8B	1.0B
Good Will	198.3M	198.6M	324.2M	321.8M	320.1M	323.6M
Common Stock Shares Outstanding	131.8M	129.1M	126.7M	123.6M	120.3M	147.6M
Liabilities And Stockholders Equity	3.6B	3.7B	4.7B	5.6B	5.9B	4.3B
Non Current Liabilities Total	730.2M	676.9M	950.4M	895.1M	898.1M	507.3M
Inventory	992.2M	1.1B	1.7B	2.4B	2.1B	1.1B
Other Current Assets	59.2M	81.7M	75.4M	202.8M	227.3M	238.7M
Other Stockholder Equity	967.8M	958.8M	980.9M	1.0B	945.6M	1.5B
Total Liab	2.2B	2.3B	3.2B	4.0B	4.1B	2.2B
Property Plant And Equipment Gross	459.1M	433.5M	452.5M	510.3M	1.5B	1.6B
Total Current Assets	2.6B	2.7B	3.4B	4.3B	4.5B	3.1B
Accumulated Other Comprehensive Income	(23.6M)	(15.2M)	(26.8M)	(1.3M)	(14.8M)	(14.1M)
Short Term Debt	132.6M	99.8M	51.5M	52.2M	51.3M	50.0M
Intangible Assets	251.3M	229.4M	382M	346.5M	325.2M	260.0M
Other Liab	152M	174.3M	200.1M	161.2M	185.4M	126.0M
Other Assets	50.3M	56.1M	72.4M	122.4M	1.0	0.95
Long Term Debt	471.4M	486.1M	742.9M	733.9M	589.3M	479.8M
Common Stock	1.8B	1.8B	1.8B	1.7B	1.7B	2.2B
Property Plant Equipment	459.1M	433.5M	452.5M	510.3M	459.3M	375.0M
Current Deferred Revenue	33.6M	39.9M	47.7M	68.9M	64.5M	61.2M
Common Stock Total Equity	2.0B	2.0B	1.8B	1.8B	1.7B	2.0B
Treasury Stock	(20.2M)	(14.8M)	(15.7M)	(48.9M)	(44.0M)	(41.8M)
Net Tangible Assets	896.9M	971.7M	756.8M	1.0B	901.9M	831.1M
Deferred Long Term Liab	4.1M	3.3M	4.7M	3.2M	2.9M	2.7M
Short Long Term Debt	139.6M	99.8M	51.5M	52.2M	17M	16.2M
Long Term Debt Total	559.1M	486.1M	742.9M	733.9M	844.0M	519.5M

Pair Trading with Celestica

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

Moving against Celestica Stock

0.54	LPL	LG Display	Pair Corr
0.52	EVLV	Evolv Technologies Buyout Trend	Pair Corr

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

The correlation of Celestica 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 Celestica moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Celestica 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 Celestica 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 Celestica is a strong investment it is important to analyze Celestica'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 Celestica's future performance. For an informed investment choice regarding Celestica Stock, refer to the following important reports:

How To Invest In Celestica

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Is Celestica Stock a good investment?

Details

What is Celestica's Net Worth?

Details

Largest Electronic Equipment, Instruments & Components Companies

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Largest Technology Hardware & Equipment Companies

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

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

You can also try the Analyst Advice module to analyst recommendations and target price estimates broken down by several categories.

Complementary Tools for Celestica Stock analysis

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

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Is Celestica'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 Celestica. If investors know Celestica 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 Celestica 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

3.25

Earnings Share

2.68

Revenue Per Share

69.739

Quarterly Revenue Growth

0.202

Return On Assets

0.0499

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

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

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Celestica Cash And Short Term Investments vs Other Current Assets Analysis

Cash And Short Term Investments vs Other Current Assets

Cash And Short Term Investments vs Other Current Assets Correlation Analysis

Correlation Coefficient

Cash And Short Term Investments

Other Current Assets

Celestica fundamental ratios Correlations

Celestica Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Celestica fundamental ratios Accounts

Pair Trading with Celestica

Moving against Celestica Stock

Complementary Tools for Celestica Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 1.0	Cash
Total Current Assets	+ 0.99	Total Assets
Total Current Liabilities	+ 0.98	Total Assets
Inventory	+ 0.98	Total Current Liabilities
Total Liab	+ 0.98	Total Current Liabilities
Total Current Assets	+ 0.98	Total Current Liabilities

Intangible Assets	- 0.88	Non Currrent Assets Other
Cash And Short Term Investments	- 0.87	Retained Earnings
Cash	- 0.87	Retained Earnings
Good Will	- 0.86	Non Currrent Assets Other
Non Current Liabilities Total	- 0.85	Common Stock Shares Outstanding
Common Stock Shares Outstanding	- 0.85	Net Debt