NetScout Interest Coverage vs Net Income Analysis
NTCT Stock | USD 19.43 0.36 1.89% |
NetScout Systems financial indicator trend analysis is infinitely more than just investigating NetScout Systems recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether NetScout Systems is a good investment. Please check the relationship between NetScout Systems Interest Coverage and its Net Income accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NetScout Systems. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators. For more information on how to buy NetScout Stock please use our How to Invest in NetScout Systems guide.
Interest Coverage vs Net Income
Interest Coverage vs Net Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of NetScout Systems Interest Coverage account and Net Income. At this time, the significance of the direction appears to have no relationship.
The correlation between NetScout Systems' Interest Coverage and Net Income is 0.03. Overlapping area represents the amount of variation of Interest Coverage that can explain the historical movement of Net Income in the same time period over historical financial statements of NetScout Systems, assuming nothing else is changed. The correlation between historical values of NetScout Systems' Interest Coverage and Net Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Interest Coverage of NetScout Systems are associated (or correlated) with its Net Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income has no effect on the direction of Interest Coverage i.e., NetScout Systems' Interest Coverage and Net Income go up and down completely randomly.
Correlation Coefficient | 0.03 |
Relationship Direction | Positive |
Relationship Strength | Insignificant |
Interest Coverage
Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in NetScout Systems financial statement analysis. It represents the amount of money remaining after all of NetScout Systems operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Most indicators from NetScout Systems' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into NetScout Systems 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NetScout Systems. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators. For more information on how to buy NetScout Stock please use our How to Invest in NetScout Systems guide.Tax Provision is likely to gain to about 10.6 M in 2024, whereas Selling General Administrative is likely to drop slightly above 68 M in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 641.4M | 691.4M | 795.1M | 834.9M | Total Revenue | 855.6M | 914.5M | 1.1B | 1.1B |
NetScout Systems fundamental ratios Correlations
Click cells to compare fundamentals
NetScout Systems Account Relationship Matchups
High Positive Relationship
High Negative Relationship
NetScout Systems fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 3.1B | 3.1B | 3.2B | 2.8B | 3.2B | 3.4B | |
Other Current Liab | 98.4M | 111.2M | 111.1M | 114.0M | 131.0M | 137.6M | |
Total Current Liabilities | 399.0M | 411.3M | 475.1M | 453.6M | 521.6M | 547.7M | |
Total Stockholder Equity | 1.9B | 2.0B | 2.1B | 2.0B | 2.3B | 2.5B | |
Property Plant And Equipment Net | 126.3M | 110.0M | 96.3M | 86.2M | 99.1M | 104.1M | |
Net Debt | 192.5M | (43.6M) | (220.8M) | (226.3M) | (260.3M) | (247.3M) | |
Retained Earnings | 355.3M | 374.7M | 411.7M | 470.2M | 540.7M | 567.8M | |
Accounts Payable | 20.0M | 18.0M | 22.0M | 16.5M | 18.9M | 13.7M | |
Cash | 338.5M | 467.2M | 636.2M | 386.8M | 444.8M | 467.1M | |
Non Current Assets Total | 2.5B | 2.4B | 2.3B | 2.2B | 2.5B | 2.7B | |
Non Currrent Assets Other | 17.8M | 23.2M | 13.0M | 12.5M | 14.4M | 15.1M | |
Cash And Short Term Investments | 386.5M | 476.5M | 703.2M | 419.0M | 481.8M | 243.0M | |
Net Receivables | 213.5M | 197.7M | 148.2M | 143.9M | 165.4M | 101.8M | |
Common Stock Shares Outstanding | 75.2M | 73.8M | 75.1M | 73.0M | 84.0M | 54.3M | |
Liabilities And Stockholders Equity | 3.1B | 3.1B | 3.2B | 2.8B | 3.2B | 3.4B | |
Non Current Liabilities Total | 783.6M | 668.0M | 658.2M | 337.3M | 387.9M | 308.4M | |
Inventory | 22.2M | 22.8M | 28.2M | 18.0M | 20.6M | 16.0M | |
Other Current Assets | 37.5M | 25.5M | 49.3M | 36.6M | 42.0M | 27.3M | |
Other Stockholder Equity | 1.6B | 1.6B | 1.6B | 1.6B | 1.8B | 1.9B | |
Total Liab | 1.2B | 1.1B | 1.1B | 790.9M | 909.5M | 483.1M | |
Property Plant And Equipment Gross | 126.3M | 110.0M | 96.3M | 86.2M | 99.1M | 104.1M | |
Total Current Assets | 659.7M | 722.5M | 921.9M | 617.4M | 710.0M | 388.0M | |
Accumulated Other Comprehensive Income | (3.2M) | (1.9M) | 141K | 5.7M | 6.6M | 6.9M | |
Common Stock | 122K | 124K | 126K | 128K | 147.2K | 154.6K | |
Other Assets | 24.2M | 24.0M | 23.2M | 19.9M | 22.8M | 17.0M | |
Common Stock Total Equity | 122K | 124K | 126K | 128K | 147.2K | 74.2K | |
Short Term Investments | 48.0M | 9.3M | 67.0M | 32.2M | 37.0M | 65.5M | |
Treasury Stock | (1.1B) | (1.3B) | (1.3B) | (1.4B) | (1.2B) | (1.2B) | |
Property Plant Equipment | 57.7M | 48.5M | 96.3M | 34.7M | 39.9M | 30.6M | |
Current Deferred Revenue | 270.3M | 269.7M | 330.6M | 311.5M | 358.3M | 376.2M | |
Intangible Assets | 582.2M | 511.9M | 433.4M | 366.6M | 421.6M | 286.7M | |
Good Will | 1.7B | 1.7B | 1.7B | 1.7B | 2.0B | 2.1B | |
Other Liab | 274.6M | 262.9M | 256.7M | 254.2M | 292.4M | 307.0M | |
Short Long Term Debt Total | 531.0M | 423.6M | 415.3M | 160.5M | 184.5M | 311.5M | |
Long Term Debt | 550M | 450M | 350M | 100M | 115M | 109.3M | |
Net Tangible Assets | (369.9M) | (223.6M) | (95.1M) | (61.3M) | (55.2M) | (58.0M) | |
Retained Earnings Total Equity | 355.3M | 374.7M | 410.6M | 470.2M | 540.7M | 356.6M | |
Capital Surpluse | 2.9B | 3.0B | 3.0B | 3.1B | 3.6B | 2.2B | |
Deferred Long Term Liab | 148.7M | 131.8M | 113.6M | 51.0M | 58.6M | 55.7M |
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Try AI Portfolio ArchitectCheck out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NetScout Systems. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators. For more information on how to buy NetScout Stock please use our How to Invest in NetScout Systems guide.Note that the NetScout Systems information on this page should be used as a complementary analysis to other NetScout Systems' 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 Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.
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When running NetScout Systems' price analysis, check to measure NetScout Systems' 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 NetScout Systems is operating at the current time. Most of NetScout Systems' value examination focuses on studying past and present price action to predict the probability of NetScout Systems' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NetScout Systems' price. Additionally, you may evaluate how the addition of NetScout Systems to your portfolios can decrease your overall portfolio volatility.
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Is NetScout Systems' 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 NetScout Systems. If investors know NetScout 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 NetScout Systems 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 0.208 | Earnings Share (1.65) | Revenue Per Share 11.674 | Quarterly Revenue Growth (0.19) | Return On Assets 0.012 |
The market value of NetScout Systems is measured differently than its book value, which is the value of NetScout that is recorded on the company's balance sheet. Investors also form their own opinion of NetScout Systems' value that differs from its market value or its book value, called intrinsic value, which is NetScout Systems' 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 NetScout Systems' market value can be influenced by many factors that don't directly affect NetScout Systems' 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 NetScout Systems' value and its price as these two are different measures arrived at by different means. Investors typically determine if NetScout Systems is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, NetScout Systems' 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.