Ultra Cash And Short Term Investments vs Total Assets Analysis

UCTT Stock

USD 43.80 0.01 0.02%

Ultra Clean financial indicator trend analysis is much more than just breaking down Ultra Clean Holdings prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Ultra Clean Holdings is a good investment. Please check the relationship between Ultra Clean Cash And Short Term Investments and its Total Assets accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Ultra Clean Holdings. 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.

Cash And Short Term Investments vs Total Assets

Cash And Short Term Investments vs Total Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Ultra Clean Holdings Cash And Short Term Investments account and Total Assets. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Ultra Clean's Cash And Short Term Investments and Total Assets is 0.97. Overlapping area represents the amount of variation of Cash And Short Term Investments that can explain the historical movement of Total Assets in the same time period over historical financial statements of Ultra Clean Holdings, assuming nothing else is changed. The correlation between historical values of Ultra Clean's Cash And Short Term Investments and Total 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 Ultra Clean Holdings are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Cash And Short Term Investments i.e., Ultra Clean's Cash And Short Term Investments and Total Assets go up and down completely randomly.

Correlation Coefficient

0.97

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Cash And Short Term Investments

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

Total Assets

Total assets refers to the total amount of Ultra Clean assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Ultra Clean Holdings books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

Most indicators from Ultra Clean's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Ultra Clean Holdings 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Ultra Clean Holdings. 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.

At this time, Ultra Clean's Selling General Administrative is comparatively stable compared to the past year. Enterprise Value Over EBITDA is likely to gain to 11.22 in 2024, whereas Sales General And Administrative To Revenue is likely to drop 0.06 in 2024.

	2021	2022	2023	2024 (projected)
Operating Income	185.7M	199.6M	39.9M	38.8M
Other Operating Expenses	1.9B	2.2B	1.7B	1.8B

Operating Income Other Operating Expenses

Ultra Clean fundamental ratios Correlations

	Total Assets	Total Stockholder Equity	Net Debt	Cash	Other Assets	Cash And Short Term Investments	Common Stock Shares Outstanding	Other Stockholder Equity	Total Liab	Total Current Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Other Liab	Property Plant And Equipment Net	Retained Earnings	Accounts Payable	Non Current Assets Total	Non Currrent Assets Other	Long Term Debt	Net Receivables	Good Will	Common Stock Total Equity	Non Current Liabilities Total	Inventory	Other Current Assets
Total Assets		1.0	0.91	0.97	0.86	0.97	0.7	0.97	1.0	0.99	0.99	0.93	0.95	0.97	0.96	0.99	0.92	0.99	-0.54	0.98	0.97	0.98	-0.38	0.99	0.97	0.97
Total Stockholder Equity	1.0		0.91	0.96	0.84	0.96	0.72	0.97	0.99	0.99	0.98	0.93	0.95	0.96	0.96	0.99	0.91	0.98	-0.56	0.97	0.97	0.98	-0.38	0.98	0.97	0.96
Net Debt	0.91	0.91		0.81	0.84	0.81	0.56	0.91	0.91	0.84	0.95	0.93	0.76	0.93	0.96	0.9	0.7	0.96	-0.7	0.93	0.8	0.92	-0.35	0.95	0.86	0.83
Cash	0.97	0.96	0.81		0.83	1.0	0.68	0.92	0.98	0.98	0.95	0.84	0.97	0.92	0.9	0.95	0.94	0.94	-0.42	0.95	0.97	0.94	-0.32	0.95	0.92	0.97
Other Assets	0.86	0.84	0.84	0.83		0.83	0.28	0.81	0.86	0.82	0.88	0.82	0.77	0.84	0.91	0.87	0.72	0.87	-0.63	0.86	0.77	0.81	-0.31	0.89	0.8	0.79
Cash And Short Term Investments	0.97	0.96	0.81	1.0	0.83		0.68	0.92	0.98	0.98	0.95	0.84	0.97	0.92	0.9	0.95	0.94	0.94	-0.42	0.95	0.97	0.94	-0.32	0.95	0.92	0.97
Common Stock Shares Outstanding	0.7	0.72	0.56	0.68	0.28	0.68		0.72	0.68	0.72	0.65	0.61	0.72	0.69	0.56	0.67	0.71	0.66	-0.13	0.66	0.76	0.73	-0.35	0.64	0.69	0.71
Other Stockholder Equity	0.97	0.97	0.91	0.92	0.81	0.92	0.72		0.97	0.95	0.96	0.91	0.92	0.97	0.93	0.96	0.9	0.97	-0.53	0.96	0.94	0.98	-0.48	0.97	0.95	0.92
Total Liab	1.0	0.99	0.91	0.98	0.86	0.98	0.68	0.97		0.98	0.99	0.92	0.96	0.97	0.95	0.98	0.92	0.99	-0.52	0.99	0.97	0.98	-0.37	0.99	0.96	0.97
Total Current Assets	0.99	0.99	0.84	0.98	0.82	0.98	0.72	0.95	0.98		0.96	0.9	0.98	0.93	0.92	0.98	0.96	0.95	-0.46	0.95	0.99	0.96	-0.36	0.95	0.98	0.98
Short Long Term Debt Total	0.99	0.98	0.95	0.95	0.88	0.95	0.65	0.96	0.99	0.96		0.93	0.91	0.97	0.97	0.97	0.86	1.0	-0.58	0.99	0.93	0.98	-0.35	1.0	0.93	0.95
Other Current Liab	0.93	0.93	0.93	0.84	0.82	0.84	0.61	0.91	0.92	0.9	0.93		0.84	0.89	0.94	0.93	0.79	0.93	-0.6	0.91	0.87	0.91	-0.34	0.93	0.93	0.89
Total Current Liabilities	0.95	0.95	0.76	0.97	0.77	0.97	0.72	0.92	0.96	0.98	0.91	0.84		0.88	0.86	0.94	0.99	0.9	-0.38	0.91	0.98	0.93	-0.37	0.9	0.95	0.95
Other Liab	0.97	0.96	0.93	0.92	0.84	0.92	0.69	0.97	0.97	0.93	0.97	0.89	0.88		0.95	0.96	0.85	0.98	-0.55	0.97	0.91	0.97	-0.41	0.98	0.91	0.9
Property Plant And Equipment Net	0.96	0.96	0.96	0.9	0.91	0.9	0.56	0.93	0.95	0.92	0.97	0.94	0.86	0.95		0.96	0.8	0.98	-0.73	0.94	0.88	0.95	-0.33	0.97	0.92	0.89
Retained Earnings	0.99	0.99	0.9	0.95	0.87	0.95	0.67	0.96	0.98	0.98	0.97	0.93	0.94	0.96	0.96		0.91	0.98	-0.56	0.96	0.96	0.97	-0.39	0.97	0.97	0.95
Accounts Payable	0.92	0.91	0.7	0.94	0.72	0.94	0.71	0.9	0.92	0.96	0.86	0.79	0.99	0.85	0.8	0.91		0.85	-0.31	0.87	0.95	0.88	-0.41	0.86	0.94	0.92
Non Current Assets Total	0.99	0.98	0.96	0.94	0.87	0.94	0.66	0.97	0.99	0.95	1.0	0.93	0.9	0.98	0.98	0.98	0.85		-0.61	0.98	0.92	0.99	-0.38	0.99	0.93	0.93
Non Currrent Assets Other	-0.54	-0.56	-0.7	-0.42	-0.63	-0.42	-0.13	-0.53	-0.52	-0.46	-0.58	-0.6	-0.38	-0.55	-0.73	-0.56	-0.31	-0.61		-0.5	-0.36	-0.56	0.17	-0.57	-0.53	-0.39
Long Term Debt	0.98	0.97	0.93	0.95	0.86	0.95	0.66	0.96	0.99	0.95	0.99	0.91	0.91	0.97	0.94	0.96	0.87	0.98	-0.5		0.93	0.97	-0.38	0.99	0.92	0.95
Net Receivables	0.97	0.97	0.8	0.97	0.77	0.97	0.76	0.94	0.97	0.99	0.93	0.87	0.98	0.91	0.88	0.96	0.95	0.92	-0.36	0.93		0.94	-0.38	0.93	0.95	0.97
Good Will	0.98	0.98	0.92	0.94	0.81	0.94	0.73	0.98	0.98	0.96	0.98	0.91	0.93	0.97	0.95	0.97	0.88	0.99	-0.56	0.97	0.94		-0.44	0.97	0.94	0.92
Common Stock Total Equity	-0.38	-0.38	-0.35	-0.32	-0.31	-0.32	-0.35	-0.48	-0.37	-0.36	-0.35	-0.34	-0.37	-0.41	-0.33	-0.39	-0.41	-0.38	0.17	-0.38	-0.38	-0.44		-0.36	-0.38	-0.3
Non Current Liabilities Total	0.99	0.98	0.95	0.95	0.89	0.95	0.64	0.97	0.99	0.95	1.0	0.93	0.9	0.98	0.97	0.97	0.86	0.99	-0.57	0.99	0.93	0.97	-0.36		0.93	0.94
Inventory	0.97	0.97	0.86	0.92	0.8	0.92	0.69	0.95	0.96	0.98	0.93	0.93	0.95	0.91	0.92	0.97	0.94	0.93	-0.53	0.92	0.95	0.94	-0.38	0.93		0.95
Other Current Assets	0.97	0.96	0.83	0.97	0.79	0.97	0.71	0.92	0.97	0.98	0.95	0.89	0.95	0.9	0.89	0.95	0.92	0.93	-0.39	0.95	0.97	0.92	-0.3	0.94	0.95

Click cells to compare fundamentals

Ultra Clean Account Relationship Matchups

Ultra Clean fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.0B	1.1B	2.0B	2.0B	1.9B	2.0B
Total Stockholder Equity	436.7M	532.6M	848.9M	887.9M	838.9M	880.8M
Net Debt	171.7M	111.5M	168.8M	252.4M	332.9M	349.5M
Cash	162.5M	200.3M	466.5M	358.8M	307M	322.4M
Other Assets	20.7M	28.8M	46.8M	46.8M	53.8M	56.5M
Cash And Short Term Investments	162.5M	200.3M	466.5M	358.8M	307M	322.4M
Common Stock Shares Outstanding	39.5M	41.1M	44.4M	45.7M	44.7M	28.7M
Liabilities And Stockholders Equity	1.0B	1.1B	2.0B	2.0B	1.9B	2.0B
Other Stockholder Equity	297.6M	309.5M	511.6M	515.4M	496.5M	521.3M
Total Liab	566.8M	551.3M	1.1B	1.0B	970.5M	1.0B
Total Current Assets	467.0M	545.1M	1.1B	1.1B	893.2M	937.9M
Short Long Term Debt Total	334.2M	311.8M	635.2M	611.2M	639.9M	671.9M
Other Current Liab	55.5M	26.3M	50.1M	97.8M	81.4M	85.5M
Total Current Liabilities	210.6M	201.3M	469.1M	389.2M	310M	325.5M
Other Liab	44M	57.4M	67.8M	61.4M	70.6M	74.1M
Property Plant And Equipment Net	180.1M	197.0M	325.7M	378.6M	480M	504M
Retained Earnings	140.4M	218.0M	337.4M	377.8M	346.7M	364.0M
Accounts Payable	133.1M	121.3M	332.9M	253.5M	192.9M	202.5M
Non Current Assets Total	552.3M	557.5M	888.3M	862.1M	974.5M	1.0B
Non Currrent Assets Other	5.2M	4.2M	9.2M	10.5M	(204.4M)	(194.2M)
Long Term Debt	283.4M	261.6M	529.9M	493M	461.2M	484.3M
Net Receivables	112.7M	145.5M	250.1M	253.7M	180.8M	189.8M
Good Will	171.1M	171.1M	270.0M	248.8M	265.2M	278.5M
Non Current Liabilities Total	356.2M	350.1M	663.6M	634.7M	660.5M	693.5M
Inventory	172.4M	180.4M	379.2M	443.9M	374.5M	393.2M
Other Current Assets	19.4M	18.9M	41.3M	42.4M	30.9M	32.4M
Property Plant And Equipment Gross	180.2M	197M	325.7M	378.6M	650.3M	682.8M
Accumulated Other Comprehensive Income	(1.3M)	5.1M	(167K)	(5.4M)	(4.4M)	(4.6M)
Short Term Debt	22.0M	19.1M	39.4M	37.9M	35.7M	17.9M
Intangible Assets	180.3M	160.5M	245.7M	187.9M	215.3M	226.1M
Common Stock	297.7M	309.6M	511.6M	515.5M	100K	95K
Property Plant Equipment	145.3M	159.2M	325.7M	378.6M	435.4M	457.2M
Net Tangible Assets	85.3M	201M	333.1M	451.2M	518.9M	544.8M
Noncontrolling Interest In Consolidated Entity	14.7M	15.8M	18.6M	43.8M	50.4M	52.9M
Retained Earnings Total Equity	149.7M	140.3M	217.9M	337.4M	388.0M	407.4M
Long Term Debt Total	331.5M	283.4M	261.6M	529.9M	609.4M	639.9M
Deferred Long Term Liab	15.8M	25.2M	33.6M	54.9M	63.1M	66.3M

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When determining whether Ultra Clean Holdings is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Ultra Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Ultra Clean Holdings Stock. Highlighted below are key reports to facilitate an investment decision about Ultra Clean Holdings Stock:

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Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Ultra Clean Holdings. 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.

You can also try the Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.

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

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Is Ultra Clean'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 Ultra Clean. If investors know Ultra 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 Ultra Clean 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

(0.40)

Earnings Share

(0.70)

Revenue Per Share

39.841

Quarterly Revenue Growth

0.102

Return On Assets

0.015

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

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Ultra Cash And Short Term Investments vs Total Assets Analysis

Cash And Short Term Investments vs Total Assets

Cash And Short Term Investments vs Total Assets Correlation Analysis

Correlation Coefficient

Cash And Short Term Investments

Total Assets

Ultra Clean fundamental ratios Correlations

Ultra Clean Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Ultra Clean fundamental ratios Accounts

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COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Stockholder Equity	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Assets
Cash And Short Term Investments	+ 1.0	Cash
Non Current Assets Total	+ 1.0	Short Long Term Debt Total
Non Current Liabilities Total	+ 1.0	Short Long Term Debt Total
Total Current Assets	+ 0.99	Total Assets

Non Currrent Assets Other	- 0.73	Property Plant And Equipment Net
Non Currrent Assets Other	- 0.7	Net Debt
Non Currrent Assets Other	- 0.63	Other Assets
Non Currrent Assets Other	- 0.61	Non Current Assets Total
Non Currrent Assets Other	- 0.6	Other Current Liab
Non Currrent Assets Other	- 0.58	Short Long Term Debt Total