Onto Current Deferred Revenue vs Long Term Debt Analysis

ONTO Stock  USD 195.71  10.48  5.66%   
Onto Innovation financial indicator trend analysis is much more than just breaking down Onto Innovation prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Onto Innovation is a good investment. Please check the relationship between Onto Innovation Current Deferred Revenue and its Long Term Debt accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Onto Innovation. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate.
To learn how to invest in Onto Stock, please use our How to Invest in Onto Innovation guide.

Current Deferred Revenue vs Long Term Debt

Current Deferred Revenue vs Long Term Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Onto Innovation Current Deferred Revenue account and Long Term Debt. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Onto Innovation's Current Deferred Revenue and Long Term Debt is -0.04. Overlapping area represents the amount of variation of Current Deferred Revenue that can explain the historical movement of Long Term Debt in the same time period over historical financial statements of Onto Innovation, assuming nothing else is changed. The correlation between historical values of Onto Innovation's Current Deferred Revenue and 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 Current Deferred Revenue of Onto Innovation are associated (or correlated) with its Long Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Long Term Debt has no effect on the direction of Current Deferred Revenue i.e., Onto Innovation's Current Deferred Revenue and Long Term Debt go up and down completely randomly.

Correlation Coefficient

-0.04
Relationship DirectionNegative 
Relationship StrengthInsignificant

Current Deferred Revenue

Revenue that has been collected but not yet earned, typically from prepaid service contracts or subscriptions. This amount is considered a liability until the service is provided or the subscription period ends.

Long Term Debt

Long-term debt is a debt that Onto Innovation has held for over one year. Long-term debt appears on Onto Innovation balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on Onto Innovation balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.
Most indicators from Onto Innovation's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Onto Innovation 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 Onto Innovation. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate.
To learn how to invest in Onto Stock, please use our How to Invest in Onto Innovation guide.At this time, Onto Innovation's Selling General Administrative is very stable compared to the past year. As of the 3rd of May 2024, Tax Provision is likely to grow to about 7.4 M, while Enterprise Value Over EBITDA is likely to drop 9.40.
 2021 2022 2023 2024 (projected)
Interest Expense725K5.0M5.8M6.1M
Depreciation And Amortization51.4M55.3M67.2M70.6M

Onto Innovation fundamental ratios Correlations

-0.450.790.931.00.97-0.640.860.810.590.95-0.040.960.97-0.330.670.950.320.98-0.040.980.910.90.97-0.33-0.03
-0.45-0.24-0.32-0.47-0.480.11-0.58-0.420.17-0.470.7-0.37-0.43-0.45-0.04-0.380.2-0.430.21-0.37-0.17-0.31-0.4-0.450.18
0.79-0.240.70.80.8-0.660.860.340.660.63-0.050.860.83-0.270.350.850.010.860.060.710.580.880.86-0.27-0.06
0.93-0.320.70.930.85-0.650.810.850.620.860.150.920.94-0.370.730.930.170.94-0.080.90.90.80.93-0.370.22
1.0-0.470.80.930.97-0.640.880.790.580.94-0.060.960.98-0.310.650.960.290.98-0.040.970.890.90.98-0.31-0.04
0.97-0.480.80.850.97-0.580.810.70.520.96-0.180.90.9-0.260.530.890.360.92-0.030.960.860.920.91-0.26-0.04
-0.640.11-0.66-0.65-0.64-0.58-0.64-0.58-0.94-0.47-0.32-0.73-0.680.56-0.6-0.70.01-0.70.21-0.59-0.53-0.75-0.720.560.25
0.86-0.580.860.810.880.81-0.640.610.540.7-0.150.920.91-0.050.430.92-0.140.93-0.120.740.60.840.92-0.05-0.03
0.81-0.420.340.850.790.7-0.580.610.50.80.180.740.77-0.320.790.740.320.76-0.160.810.840.590.75-0.32-0.05
0.590.170.660.620.580.52-0.940.540.50.420.520.70.62-0.630.570.660.120.64-0.110.560.560.730.68-0.63-0.15
0.95-0.470.630.860.940.96-0.470.70.80.42-0.120.830.87-0.260.630.820.50.87-0.060.980.930.80.85-0.26-0.01
-0.040.7-0.050.15-0.06-0.18-0.32-0.150.180.52-0.120.050.01-0.450.450.040.230.0-0.05-0.010.23-0.020.03-0.450.08
0.96-0.370.860.920.960.9-0.730.920.740.70.830.050.97-0.360.640.990.160.980.010.90.820.921.0-0.36-0.05
0.97-0.430.830.940.980.9-0.680.910.770.620.870.010.97-0.350.690.970.161.0-0.060.920.840.870.99-0.35-0.03
-0.33-0.45-0.27-0.37-0.31-0.260.56-0.05-0.32-0.63-0.26-0.45-0.36-0.35-0.65-0.32-0.34-0.33-0.14-0.42-0.46-0.33-0.351.00.12
0.67-0.040.350.730.650.53-0.60.430.790.570.630.450.640.69-0.650.630.350.66-0.080.70.760.480.66-0.65-0.07
0.95-0.380.850.930.960.89-0.70.920.740.660.820.040.990.97-0.320.630.120.98-0.030.890.820.90.99-0.320.01
0.320.20.010.170.290.360.01-0.140.320.120.50.230.160.16-0.340.350.120.160.20.470.590.20.16-0.34-0.29
0.98-0.430.860.940.980.92-0.70.930.760.640.870.00.981.0-0.330.660.980.16-0.050.920.840.891.0-0.33-0.03
-0.040.210.06-0.08-0.04-0.030.21-0.12-0.16-0.11-0.06-0.050.01-0.06-0.14-0.08-0.030.2-0.050.00.02-0.11-0.02-0.14-0.08
0.98-0.370.710.90.970.96-0.590.740.810.560.98-0.010.90.92-0.420.70.890.470.920.00.950.850.92-0.42-0.04
0.91-0.170.580.90.890.86-0.530.60.840.560.930.230.820.84-0.460.760.820.590.840.020.950.750.84-0.460.05
0.9-0.310.880.80.90.92-0.750.840.590.730.8-0.020.920.87-0.330.480.90.20.89-0.110.850.750.91-0.33-0.05
0.97-0.40.860.930.980.91-0.720.920.750.680.850.031.00.99-0.350.660.990.161.0-0.020.920.840.91-0.35-0.04
-0.33-0.45-0.27-0.37-0.31-0.260.56-0.05-0.32-0.63-0.26-0.45-0.36-0.351.0-0.65-0.32-0.34-0.33-0.14-0.42-0.46-0.33-0.350.12
-0.030.18-0.060.22-0.04-0.040.25-0.03-0.05-0.15-0.010.08-0.05-0.030.12-0.070.01-0.29-0.03-0.08-0.040.05-0.05-0.040.12
Click cells to compare fundamentals

Onto Innovation Account Relationship Matchups

Onto Innovation fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets1.4B1.5B1.6B1.8B1.9B2.0B
Other Current Liab38.5M8.9M14.7M57.7M67.6M71.0M
Total Current Liabilities85.7M120.1M154.5M160.6M147.7M155.1M
Total Stockholder Equity1.3B1.3B1.4B1.6B1.7B1.8B
Property Plant And Equipment Net122.0M88.0M82.1M92.0M122.0M128.1M
Net Debt(105.8M)(115.8M)(151.9M)(153.8M)(214.0M)(203.3M)
Retained Earnings(4.9M)26.2M168.5M362.8M482.4M506.5M
Accounts Payable27.7M77.3M96.4M54.5M49.9M52.4M
Cash130.7M136.7M169.6M175.9M233.5M245.2M
Non Current Assets Total806.9M736.5M701.7M660.0M626.4M657.8M
Non Currrent Assets Other1.4M23.6M26.5M25.2M21.3M12.5M
Cash And Short Term Investments320.2M373.7M511.3M547.8M697.8M732.7M
Net Receivables123.7M149.3M177.2M241.4M226.6M237.9M
Common Stock Shares Outstanding30.0M49.5M49.7M49.8M49.3M29.0M
Short Term Investments189.6M237.0M341.7M371.9M464.3M487.5M
Liabilities And Stockholders Equity1.4B1.5B1.6B1.8B1.9B2.0B
Non Current Liabilities Total98.8M83.3M69.2M37.9M25.5M26.0M
Inventory176.1M191.2M243.1M324.3M327.8M344.2M
Other Current Assets21.6M17.5M16.4M21.4M31.1M19.2M
Other Stockholder Equity1.3B1.2B1.3B1.2B1.3B1.3B
Total Liab184.6M203.4M223.8M198.4M173.2M181.8M
Property Plant And Equipment Gross122.0M88.0M82.1M92.0M179.9M188.9M
Total Current Assets641.7M731.7M948.1M1.1B1.3B1.3B
Accumulated Other Comprehensive Income(598K)4.6M1.3M(10.0M)(7.9M)(7.5M)
Short Term Debt4.9M4.5M4.0M5.7M5.5M3.9M
Intangible Assets372.0M318.4M277.3M222.2M167.4M175.7M
Current Deferred Revenue14.6M29.5M39.4M42.6M24.8M13.1M
Net Tangible Assets584.9M639.8M833.0M1.1B1.2B1.3B
Retained Earnings Total Equity(4.9M)26.2M168.5M362.8M417.2M438.0M
Capital Surpluse1.3B1.2B1.3B1.2B1.4B1.5B
Deferred Long Term Liab67.0M55.6M40.3M7.4M8.5M8.0M
Non Current Liabilities Other31.8M27.7M69.2M37.9M9.0M17.7M
Property Plant Equipment98.4M88.0M82.1M92.0M105.8M67.4M
Other Liab78.8M83.3M69.2M21.5M24.8M40.3M
Other Assets5.8M23.6M26.5M9.3M1.00.95

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.

Try AI Portfolio Architect
When determining whether Onto Innovation offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Onto Innovation'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 Onto Innovation Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Onto Innovation Stock:
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Onto Innovation. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate.
To learn how to invest in Onto Stock, please use our How to Invest in Onto Innovation guide.
You can also try the FinTech Suite module to use AI to screen and filter profitable investment opportunities.

Complementary Tools for Onto Stock analysis

When running Onto Innovation's price analysis, check to measure Onto Innovation'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 Onto Innovation is operating at the current time. Most of Onto Innovation's value examination focuses on studying past and present price action to predict the probability of Onto Innovation's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Onto Innovation's price. Additionally, you may evaluate how the addition of Onto Innovation to your portfolios can decrease your overall portfolio volatility.
Portfolio Diagnostics
Use generated alerts and portfolio events aggregator to diagnose current holdings
Efficient Frontier
Plot and analyze your portfolio and positions against risk-return landscape of the market.
Portfolio Analyzer
Portfolio analysis module that provides access to portfolio diagnostics and optimization engine
Top Crypto Exchanges
Search and analyze digital assets across top global cryptocurrency exchanges
Price Transformation
Use Price Transformation models to analyze the depth of different equity instruments across global markets
Stock Tickers
Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites
My Watchlist Analysis
Analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like
Instant Ratings
Determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance
Technical Analysis
Check basic technical indicators and analysis based on most latest market data
Crypto Correlations
Use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins
Stock Screener
Find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook.
Is Onto Innovation'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 Onto Innovation. If investors know Onto 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 Onto Innovation 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
(0.54)
Earnings Share
2.46
Revenue Per Share
16.66
Quarterly Revenue Growth
(0.14)
Return On Assets
0.0392
The market value of Onto Innovation is measured differently than its book value, which is the value of Onto that is recorded on the company's balance sheet. Investors also form their own opinion of Onto Innovation's value that differs from its market value or its book value, called intrinsic value, which is Onto Innovation'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 Onto Innovation's market value can be influenced by many factors that don't directly affect Onto Innovation'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 Onto Innovation's value and its price as these two are different measures arrived at by different means. Investors typically determine if Onto Innovation is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Onto Innovation'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.