ON Semiconductor Interest Expense vs Income Tax Expense Analysis

ON Stock  USD 75.61  2.72  3.73%   
ON Semiconductor financial indicator trend analysis is much more than just breaking down ON Semiconductor prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether ON Semiconductor is a good investment. Please check the relationship between ON Semiconductor Interest Expense and its Income Tax Expense accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in ON Semiconductor. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
To learn how to invest in ON Semiconductor Stock, please use our How to Invest in ON Semiconductor guide.

Interest Expense vs Income Tax Expense

Interest Expense vs Income Tax Expense Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of ON Semiconductor Interest Expense account and Income Tax Expense. At this time, the significance of the direction appears to have no relationship.
The correlation between ON Semiconductor's Interest Expense and Income Tax Expense is 0.0. Overlapping area represents the amount of variation of Interest Expense that can explain the historical movement of Income Tax Expense in the same time period over historical financial statements of ON Semiconductor, assuming nothing else is changed. The correlation between historical values of ON Semiconductor's Interest Expense and Income Tax Expense 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 Expense of ON Semiconductor are associated (or correlated) with its Income Tax Expense. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Income Tax Expense has no effect on the direction of Interest Expense i.e., ON Semiconductor's Interest Expense and Income Tax Expense go up and down completely randomly.

Correlation Coefficient

0.0
Relationship DirectionFlat 
Relationship StrengthInsignificant

Interest Expense

The cost incurred by an entity for borrowed funds, including loans, bonds, or lines of credit.

Income Tax Expense

Most indicators from ON Semiconductor's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into ON Semiconductor 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in ON Semiconductor. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
To learn how to invest in ON Semiconductor Stock, please use our How to Invest in ON Semiconductor guide.As of the 28th of March 2024, Tax Provision is likely to grow to about 367.7 M, while Selling General Administrative is likely to drop about 203.1 M.
 2021 2022 2023 2024 (projected)
Interest Expense130.4M94.9M74.8M103.5M
Depreciation And Amortization690.4M993.7M609.5M640.0M

ON Semiconductor fundamental ratios Correlations

0.70.570.950.970.990.220.940.730.930.990.80.920.980.720.990.97-0.150.760.980.530.810.650.690.590.31
0.70.680.680.510.640.710.490.750.520.770.570.480.740.980.620.57-0.120.970.580.510.750.550.980.540.17
0.570.680.520.440.460.260.380.830.550.590.590.530.60.780.450.50.030.780.520.50.530.450.780.450.27
0.950.680.520.910.940.230.830.740.880.930.680.870.940.670.950.930.060.740.930.670.790.480.630.70.49
0.970.510.440.910.970.010.980.650.950.930.780.940.930.540.980.98-0.180.60.980.480.70.60.50.550.31
0.990.640.460.940.970.190.950.670.930.970.720.910.960.650.990.97-0.180.690.970.480.740.590.620.550.28
0.220.710.260.230.010.190.010.18-0.090.360.16-0.130.310.640.170.04-0.010.560.040.120.440.320.690.09-0.11
0.940.490.380.830.980.950.010.560.930.90.790.910.890.520.940.94-0.390.550.950.290.630.670.490.390.1
0.730.750.830.740.650.670.180.560.690.730.60.680.760.80.670.690.070.870.710.740.640.430.760.770.51
0.930.520.550.880.950.93-0.090.930.690.870.721.00.880.570.920.97-0.190.620.980.460.670.530.520.520.29
0.990.770.590.930.930.970.360.90.730.870.810.850.980.780.970.93-0.160.80.930.520.830.70.760.580.27
0.80.570.590.680.780.720.160.790.60.720.810.710.760.620.740.73-0.290.630.740.350.70.890.590.390.11
0.920.480.530.870.940.91-0.130.910.681.00.850.710.870.540.90.96-0.160.60.980.460.670.50.480.520.33
0.980.740.60.940.930.960.310.890.760.880.980.760.870.760.970.95-0.070.790.950.580.830.60.740.630.36
0.720.980.780.670.540.650.640.520.80.570.780.620.540.760.630.6-0.140.980.620.50.770.60.990.520.17
0.990.620.450.950.980.990.170.940.670.920.970.740.90.970.630.97-0.110.680.970.540.770.580.60.610.36
0.970.570.50.930.980.970.040.940.690.970.930.730.960.950.60.97-0.120.650.990.520.740.530.560.590.36
-0.15-0.120.030.06-0.18-0.18-0.01-0.390.07-0.19-0.16-0.29-0.16-0.07-0.14-0.11-0.12-0.06-0.140.620.14-0.51-0.150.50.82
0.760.970.780.740.60.690.560.550.870.620.80.630.60.790.980.680.65-0.060.670.620.780.550.960.650.3
0.980.580.520.930.980.970.040.950.710.980.930.740.980.950.620.970.99-0.140.670.520.750.560.570.580.35
0.530.510.50.670.480.480.120.290.740.460.520.350.460.580.50.540.520.620.620.520.630.050.450.980.92
0.810.750.530.790.70.740.440.630.640.670.830.70.670.830.770.770.740.140.780.750.630.620.730.640.45
0.650.550.450.480.60.590.320.670.430.530.70.890.50.60.60.580.53-0.510.550.560.050.620.590.11-0.21
0.690.980.780.630.50.620.690.490.760.520.760.590.480.740.990.60.56-0.150.960.570.450.730.590.460.11
0.590.540.450.70.550.550.090.390.770.520.580.390.520.630.520.610.590.50.650.580.980.640.110.460.88
0.310.170.270.490.310.28-0.110.10.510.290.270.110.330.360.170.360.360.820.30.350.920.45-0.210.110.88
Click cells to compare fundamentals

ON Semiconductor Account Relationship Matchups

ON Semiconductor fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets8.4B8.7B9.6B12.0B13.2B13.9B
Short Long Term Debt Total3.6B3.5B3.1B3.2B3.4B2.0B
Other Current Liab538.8M576.8M747.6M1.0B333.7M347.5M
Total Current Liabilities1.8B1.7B1.5B2.1B2.2B2.3B
Total Stockholder Equity3.3B3.5B4.6B6.2B7.8B8.2B
Property Plant And Equipment Net2.6B2.5B2.5B3.5B4.4B4.7B
Net Debt2.7B2.4B1.7B311.7M876.8M1.2B
Retained Earnings1.2B1.4B2.4B4.4B6.5B6.9B
Accounts Payable543.6M572.9M635.1M852.1M725.6M373.5M
Cash894.2M1.1B1.4B2.9B2.5B2.6B
Non Current Assets Total5.4B5.5B5.8B6.2B7.3B7.7B
Non Currrent Assets Other256.4M410.2M520.6M424.6M369.3M387.8M
Cash And Short Term Investments894.2M1.1B1.4B2.9B2.5B2.6B
Net Receivables705M676M809.4M842.3M935.4M982.2M
Liabilities And Stockholders Equity8.4B8.7B9.6B12.0B13.2B13.9B
Non Current Liabilities Total3.3B3.4B3.5B3.7B3.2B2.0B
Inventory1.2B1.3B1.4B1.6B2.1B2.2B
Other Current Assets188.4M182.9M240.1M351.3M382.1M401.2M
Other Stockholder Equity2.2B2.2B2.2B1.8B1.3B1.9B
Total Liab5.1B5.1B5.0B5.8B5.4B3.1B
Total Current Assets3.0B3.2B3.8B5.7B5.9B6.2B
Accumulated Other Comprehensive Income(37.9M)(54.3M)(57.6M)(23.2M)(45.2M)(47.5M)
Other Liab318.6M465.9M564.3M394.9M454.1M476.8M
Other Assets454M840M886.9M539.2M620.1M651.1M
Long Term Debt2.9B3.0B2.9B3.0B2.5B1.8B
Common Stock Shares Outstanding416M418.8M443.8M448.2M446.8M405.1M
Property Plant And Equipment Gross2.6B2.5B5.9B3.5B8.0B8.4B
Short Term Debt736M531.6M160.7M162M794.8M834.5M
Property Plant Equipment2.6B2.5B2.5B3.5B4.0B4.2B
Intangible Assets590.5M469M495.7M359.7M299.3M345.4M
Good Will1.7B1.7B1.9B1.6B1.8B1.9B
Treasury Stock(1.5B)(1.7B)(2.0B)(2.4B)(2.2B)(2.1B)
Net Tangible Assets1.1B1.4B2.2B6.2B7.1B7.5B
Noncontrolling Interest In Consolidated Entity22.4M19.6M19M18.5M16.7M18.5M
Retained Earnings Total Equity1.2B1.4B2.4B4.4B5.0B5.3B

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When determining whether ON Semiconductor offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of ON Semiconductor'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 On Semiconductor Stock. Outlined below are crucial reports that will aid in making a well-informed decision on On Semiconductor Stock:
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in ON Semiconductor. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
To learn how to invest in ON Semiconductor Stock, please use our How to Invest in ON Semiconductor guide.
You can also try the Share Portfolio module to track or share privately all of your investments from the convenience of any device.

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Is ON Semiconductor'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 ON Semiconductor. If investors know ON Semiconductor 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 ON Semiconductor 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
(0.05)
Earnings Share
4.89
Revenue Per Share
19.162
Quarterly Revenue Growth
(0.04)
Return On Assets
0.1294
The market value of ON Semiconductor is measured differently than its book value, which is the value of ON Semiconductor that is recorded on the company's balance sheet. Investors also form their own opinion of ON Semiconductor's value that differs from its market value or its book value, called intrinsic value, which is ON Semiconductor'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 ON Semiconductor's market value can be influenced by many factors that don't directly affect ON Semiconductor'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 ON Semiconductor's value and its price as these two are different measures arrived at by different means. Investors typically determine if ON Semiconductor is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ON Semiconductor'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.