Nova Total Stockholder Equity vs Short Long Term Debt Analysis

NVMI Stock  USD 174.34  3.42  2.00%   
Nova financial indicator trend analysis is infinitely more than just investigating Nova recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Nova is a good investment. Please check the relationship between Nova Total Stockholder Equity and its Short Long Term Debt accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nova. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population.
For more detail on how to invest in Nova Stock please use our How to Invest in Nova guide.

Total Stockholder Equity vs Short Long Term Debt

Total Stockholder Equity vs Short Long Term Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Nova Total Stockholder Equity account and Short Long Term Debt. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Nova's Total Stockholder Equity and Short Long Term Debt is 0.83. Overlapping area represents the amount of variation of Total Stockholder Equity that can explain the historical movement of Short Long Term Debt in the same time period over historical financial statements of Nova, assuming nothing else is changed. The correlation between historical values of Nova's Total Stockholder Equity and Short Long Term Debt 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 Stockholder Equity of Nova are associated (or correlated) with its Short Long Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Long Term Debt has no effect on the direction of Total Stockholder Equity i.e., Nova's Total Stockholder Equity and Short Long Term Debt go up and down completely randomly.

Correlation Coefficient

0.83
Relationship DirectionPositive 
Relationship StrengthStrong

Total Stockholder Equity

The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.

Short Long Term Debt

The total of a company’s short-term and long-term borrowings.
Most indicators from Nova's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Nova 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 Nova. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population.
For more detail on how to invest in Nova Stock please use our How to Invest in Nova guide.As of now, Nova's Enterprise Value is increasing as compared to previous years.
 2021 2022 2023 2024 (projected)
Interest Expense4.2M1.3M1.3M1.2M
Depreciation And Amortization8.9M14.7M10.3M10.9M

Nova fundamental ratios Correlations

0.920.90.990.980.920.990.950.730.970.710.960.970.440.550.990.840.460.980.990.920.950.930.980.980.43
0.920.80.890.870.860.890.970.680.880.640.890.910.470.60.890.770.480.920.910.870.810.810.910.860.39
0.90.80.910.840.90.90.820.550.910.640.840.830.290.190.90.70.370.860.870.940.830.840.930.860.34
0.990.890.910.970.910.990.930.660.970.660.930.980.460.470.990.880.480.940.970.910.950.950.980.970.47
0.980.870.840.970.910.970.920.720.950.680.930.950.40.60.970.870.40.960.960.880.950.920.951.00.39
0.920.860.90.910.910.930.880.510.970.680.810.880.280.420.930.710.260.910.860.990.90.920.910.910.26
0.990.890.90.990.970.930.920.650.980.650.920.970.380.481.00.870.390.950.960.920.960.960.980.980.39
0.950.970.820.930.920.880.920.690.910.690.910.950.570.610.930.810.570.940.940.880.860.860.930.910.5
0.730.680.550.660.720.510.650.690.580.670.870.660.330.770.650.520.390.820.810.530.630.490.690.710.28
0.970.880.910.970.950.970.980.910.580.680.870.950.350.460.990.80.350.940.920.960.970.970.940.960.36
0.710.640.640.660.680.680.650.690.670.680.720.660.450.550.670.430.450.770.710.70.680.60.660.680.44
0.960.890.840.930.930.810.920.910.870.870.720.910.480.620.910.790.530.960.990.820.860.790.950.930.46
0.970.910.830.980.950.880.970.950.660.950.660.910.490.560.980.890.490.930.960.870.930.930.940.950.47
0.440.470.290.460.40.280.380.570.330.350.450.480.490.350.420.450.970.390.480.30.370.360.430.380.96
0.550.60.190.470.60.420.480.610.770.460.550.620.560.350.50.410.270.660.60.370.540.420.450.570.2
0.990.890.90.990.970.931.00.930.650.990.670.910.980.420.50.860.420.950.960.920.970.970.970.970.42
0.840.770.70.880.870.710.870.810.520.80.430.790.890.450.410.860.470.750.850.670.80.810.850.870.46
0.460.480.370.480.40.260.390.570.390.350.450.530.490.970.270.420.470.410.520.30.350.330.470.390.96
0.980.920.860.940.960.910.950.940.820.940.770.960.930.390.660.950.750.410.970.910.910.870.950.950.35
0.990.910.870.970.960.860.960.940.810.920.710.990.960.480.60.960.850.520.970.870.910.870.980.960.47
0.920.870.940.910.880.990.920.880.530.960.70.820.870.30.370.920.670.30.910.870.870.90.920.890.29
0.950.810.830.950.950.90.960.860.630.970.680.860.930.370.540.970.80.350.910.910.870.970.890.960.39
0.930.810.840.950.920.920.960.860.490.970.60.790.930.360.420.970.810.330.870.870.90.970.890.930.38
0.980.910.930.980.950.910.980.930.690.940.660.950.940.430.450.970.850.470.950.980.920.890.890.950.43
0.980.860.860.971.00.910.980.910.710.960.680.930.950.380.570.970.870.390.950.960.890.960.930.950.38
0.430.390.340.470.390.260.390.50.280.360.440.460.470.960.20.420.460.960.350.470.290.390.380.430.38
Click cells to compare fundamentals

Nova Account Relationship Matchups

Nova fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets400.4M655.8M805.2M984.1M1.1B1.2B
Other Current Liab21.8M28.4M48.9M54.8M41.3M43.4M
Total Current Liabilities48.1M60.9M287.9M134.1M322.8M339.0M
Total Stockholder Equity314.5M371.5M473.8M587.0M750.8M788.3M
Property Plant And Equipment Net58.8M63.3M65.1M100.8M108.7M114.2M
Net Debt1.6M(17.9M)94.2M134.9M136.6M143.4M
Retained Earnings193.7M241.6M334.7M478.1M614.4M645.1M
Accounts Payable20.7M24.1M36.2M42.7M35.2M36.9M
Cash31.7M232.3M126.7M111.1M107.6M113.0M
Non Current Assets Total94.3M97.1M238.6M371.2M423.6M444.8M
Non Currrent Assets Other1.2M3.2M3.6M3.8M4.4M2.7M
Cash And Short Term Investments189.1M423.9M410.2M373.5M443.7M465.9M
Net Receivables51.6M63.3M68.4M109.3M111.3M116.8M
Common Stock Shares Outstanding28.6M28.9M29.8M31.9M32.1M25.2M
Liabilities And Stockholders Equity400.4M655.8M805.2M984.1M1.1B1.2B
Non Current Liabilities Total37.8M223.3M43.5M263.1M60.2M30.9M
Inventory48.4M61.7M78.7M116.6M138.2M145.1M
Other Current Assets17.1M9.8M9.2M13.5M17.1M17.9M
Other Stockholder Equity120.7M129.3M139.8M121.4M139.7M108.4M
Total Liab85.9M284.2M331.4M397.1M383.1M402.2M
Total Current Assets306.2M558.7M566.5M612.9M710.2M745.7M
Accumulated Other Comprehensive Income15K570K(814K)(12.5M)(3.3M)(3.2M)
Other Liab9.1M12.6M10.0M23.0M26.4M27.8M
Other Assets8.2M6.1M9.7M23.8M27.4M28.8M
Short Term Investments157.3M191.6M283.5M262.4M336.1M352.9M
Property Plant Equipment58.8M63.3M65.1M100.8M115.9M121.7M
Current Deferred Revenue2.3M4.7M15.3M30.5M42.0M44.1M
Intangible Assets7.6M5.1M2.6M43.6M39.2M41.1M
Net Tangible Assets286.9M346.4M451.0M494.4M568.5M596.9M
Long Term Investments2.8M2.5M141.1M153.9M191.4M200.9M
Non Current Liabilities Other5.8M8.9M6.3M7.2M6.5M5.5M
Net Invested Capital314.5M550.3M183.0M196.4M948.4M995.9M

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When determining whether Nova offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Nova's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Nova Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Nova Stock:
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nova. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population.
For more detail on how to invest in Nova Stock please use our How to Invest in Nova guide.
You can also try the USA ETFs module to find actively traded Exchange Traded Funds (ETF) in USA.

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When running Nova's price analysis, check to measure Nova'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 Nova is operating at the current time. Most of Nova's value examination focuses on studying past and present price action to predict the probability of Nova's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nova's price. Additionally, you may evaluate how the addition of Nova to your portfolios can decrease your overall portfolio volatility.
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Is Nova'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 Nova. If investors know Nova 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 Nova 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
0.043
Earnings Share
4.27
Revenue Per Share
17.966
Quarterly Revenue Growth
(0.11)
Return On Assets
0.0781
The market value of Nova is measured differently than its book value, which is the value of Nova that is recorded on the company's balance sheet. Investors also form their own opinion of Nova's value that differs from its market value or its book value, called intrinsic value, which is Nova'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 Nova's market value can be influenced by many factors that don't directly affect Nova'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 Nova's value and its price as these two are different measures arrived at by different means. Investors typically determine if Nova is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nova'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.