Zedge Net Invested Capital vs Good Will Analysis

ZDGE Stock

USD 2.40 0.13 5.14%

Zedge financial indicator trend analysis is more than just analyzing Zedge Inc current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Zedge Inc is a good investment. Please check the relationship between Zedge Net Invested Capital and its Good Will accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Zedge Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price.

Net Invested Capital vs Good Will

Net Invested Capital vs Good Will Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Zedge Inc Net Invested Capital account and Good Will. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Zedge's Net Invested Capital and Good Will is 0.4. Overlapping area represents the amount of variation of Net Invested Capital that can explain the historical movement of Good Will in the same time period over historical financial statements of Zedge Inc, assuming nothing else is changed. The correlation between historical values of Zedge's Net Invested Capital and Good Will is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Invested Capital of Zedge Inc are associated (or correlated) with its Good Will. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Good Will has no effect on the direction of Net Invested Capital i.e., Zedge's Net Invested Capital and Good Will go up and down completely randomly.

Correlation Coefficient

0.4

Relationship Direction	Positive
Relationship Strength	Weak

View All Relationships

Net Invested Capital

The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.

Good Will

An intangible asset that arises when a company acquires another business for more than the fair market value of its net identifiable assets, representing the value of the brand, customer base, and other intangible factors.

Most indicators from Zedge's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Zedge Inc 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 Current Watchlist to better understand how to build diversified portfolios, which includes a position in Zedge Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price.

At present, Zedge's Enterprise Value Over EBITDA is projected to increase significantly based on the last few years of reporting. The current year's Enterprise Value Multiple is expected to grow to 1.29, whereas Issuance Of Capital Stock is forecasted to decline to about 10 M.

	2021	2023	2024 (projected)
Interest Expense	49K	44.1K	41.9K
Depreciation And Amortization	2.0M	3.8M	3.9M

Interest Expense Depreciation And Amortization

Zedge fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Tangible Assets	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Total Equity	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets
Total Assets		0.82	0.88	1.0	0.63	0.1	0.97	-0.87	0.89	0.95	0.94	0.96	0.35	0.16	0.94	0.83	0.39	-0.39	0.91	0.89	-0.75	0.77	0.9	0.98	0.98	0.95
Other Current Liab	0.82		0.92	0.82	0.58	0.34	0.88	-0.74	0.79	0.88	0.73	0.83	0.21	0.07	0.73	0.75	0.5	-0.04	0.87	0.71	-0.4	0.68	0.87	0.83	0.79	0.74
Total Current Liabilities	0.88	0.92		0.87	0.57	0.03	0.91	-0.79	0.88	0.93	0.78	0.89	0.25	0.09	0.78	0.8	0.58	-0.3	0.93	0.75	-0.56	0.59	0.92	0.91	0.82	0.78
Total Stockholder Equity	1.0	0.82	0.87		0.66	0.11	0.96	-0.88	0.89	0.94	0.95	0.95	0.38	0.19	0.95	0.84	0.37	-0.39	0.91	0.88	-0.75	0.76	0.9	0.97	0.98	0.96
Net Tangible Assets	0.63	0.58	0.57	0.66		0.17	0.62	-0.91	0.48	0.6	0.84	0.41	0.89	0.8	0.84	0.62	0.04	-0.07	0.74	0.3	-0.23	0.19	0.75	0.49	0.65	0.82
Property Plant And Equipment Net	0.1	0.34	0.03	0.11	0.17		0.2	-0.06	-0.16	0.15	0.11	0.07	-0.02	-0.06	0.11	0.13	-0.3	0.7	0.16	0.25	0.16	0.3	0.17	0.09	0.23	0.13
Current Deferred Revenue	0.97	0.88	0.91	0.96	0.62	0.2		-0.84	0.82	0.97	0.89	0.94	0.32	0.12	0.89	0.76	0.46	-0.25	0.93	0.87	-0.67	0.72	0.9	0.97	0.94	0.89
Net Debt	-0.87	-0.74	-0.79	-0.88	-0.91	-0.06	-0.84		-0.77	-0.83	-0.97	-0.71	-0.73	-0.59	-0.97	-0.78	-0.26	0.3	-0.88	-0.59	0.51	-0.46	-0.89	-0.77	-0.85	-0.96
Retained Earnings	0.89	0.79	0.88	0.89	0.48	-0.16	0.82	-0.77		0.86	0.78	0.9	0.22	0.07	0.78	0.74	0.63	-0.49	0.77	0.72	-0.61	0.68	0.78	0.88	0.8	0.79
Accounts Payable	0.95	0.88	0.93	0.94	0.6	0.15	0.97	-0.83	0.86		0.86	0.94	0.31	0.14	0.86	0.72	0.57	-0.3	0.91	0.83	-0.59	0.65	0.88	0.96	0.91	0.86
Cash	0.94	0.73	0.78	0.95	0.84	0.11	0.89	-0.97	0.78	0.86		0.8	0.63	0.46	1.0	0.82	0.2	-0.34	0.9	0.73	-0.65	0.61	0.9	0.85	0.94	1.0
Non Current Assets Total	0.96	0.83	0.89	0.95	0.41	0.07	0.94	-0.71	0.9	0.94	0.8		0.1	-0.1	0.8	0.76	0.53	-0.4	0.84	0.93	-0.76	0.82	0.82	0.99	0.92	0.81
Non Currrent Assets Other	0.35	0.21	0.25	0.38	0.89	-0.02	0.32	-0.73	0.22	0.31	0.63	0.1		0.98	0.63	0.32	-0.1	-0.2	0.45	-0.01	-0.05	-0.13	0.46	0.18	0.39	0.61
Other Assets	0.16	0.07	0.09	0.19	0.8	-0.06	0.12	-0.59	0.07	0.14	0.46	-0.1	0.98		0.46	0.17	-0.14	-0.14	0.28	-0.22	0.14	-0.31	0.3	-0.02	0.19	0.43
Cash And Short Term Investments	0.94	0.73	0.78	0.95	0.84	0.11	0.89	-0.97	0.78	0.86	1.0	0.8	0.63	0.46		0.82	0.2	-0.34	0.9	0.73	-0.65	0.61	0.9	0.85	0.94	1.0
Net Receivables	0.83	0.75	0.8	0.84	0.62	0.13	0.76	-0.78	0.74	0.72	0.82	0.76	0.32	0.17	0.82		0.05	-0.33	0.89	0.74	-0.74	0.72	0.92	0.78	0.84	0.83
Good Will	0.39	0.5	0.58	0.37	0.04	-0.3	0.46	-0.26	0.63	0.57	0.2	0.53	-0.1	-0.14	0.2	0.05		-0.28	0.31	0.26	-0.03	0.15	0.26	0.49	0.24	0.19
Common Stock Total Equity	-0.39	-0.04	-0.3	-0.39	-0.07	0.7	-0.25	0.3	-0.49	-0.3	-0.34	-0.4	-0.2	-0.14	-0.34	-0.33	-0.28		-0.28	-0.31	0.6	-0.21	-0.27	-0.37	-0.34	-0.33
Common Stock Shares Outstanding	0.91	0.87	0.93	0.91	0.74	0.16	0.93	-0.88	0.77	0.91	0.9	0.84	0.45	0.28	0.9	0.89	0.31	-0.28		0.77	-0.64	0.61	0.99	0.88	0.9	0.9
Non Current Liabilities Total	0.89	0.71	0.75	0.88	0.3	0.25	0.87	-0.59	0.72	0.83	0.73	0.93	-0.01	-0.22	0.73	0.74	0.26	-0.31	0.77		-0.82	0.87	0.76	0.93	0.91	0.75
Inventory	-0.75	-0.4	-0.56	-0.75	-0.23	0.16	-0.67	0.51	-0.61	-0.59	-0.65	-0.76	-0.05	0.14	-0.65	-0.74	-0.03	0.6	-0.64	-0.82		-0.75	-0.63	-0.76	-0.76	-0.67
Other Current Assets	0.77	0.68	0.59	0.76	0.19	0.3	0.72	-0.46	0.68	0.65	0.61	0.82	-0.13	-0.31	0.61	0.72	0.15	-0.21	0.61	0.87	-0.75		0.61	0.79	0.79	0.64
Other Stockholder Equity	0.9	0.87	0.92	0.9	0.75	0.17	0.9	-0.89	0.78	0.88	0.9	0.82	0.46	0.3	0.9	0.92	0.26	-0.27	0.99	0.76	-0.63	0.61		0.86	0.9	0.9
Total Liab	0.98	0.83	0.91	0.97	0.49	0.09	0.97	-0.77	0.88	0.96	0.85	0.99	0.18	-0.02	0.85	0.78	0.49	-0.37	0.88	0.93	-0.76	0.79	0.86		0.94	0.86
Property Plant And Equipment Gross	0.98	0.79	0.82	0.98	0.65	0.23	0.94	-0.85	0.8	0.91	0.94	0.92	0.39	0.19	0.94	0.84	0.24	-0.34	0.9	0.91	-0.76	0.79	0.9	0.94		0.95
Total Current Assets	0.95	0.74	0.78	0.96	0.82	0.13	0.89	-0.96	0.79	0.86	1.0	0.81	0.61	0.43	1.0	0.83	0.19	-0.33	0.9	0.75	-0.67	0.64	0.9	0.86	0.95

Click cells to compare fundamentals

Zedge Account Relationship Matchups

Zedge fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	12.0M	37.5M	54.6M	46.8M	53.9M	56.5M
Other Current Liab	978K	1.7M	3.9M	2.6M	2.9M	1.5M
Total Current Liabilities	2.8M	4.2M	8.7M	5.8M	6.6M	3.5M
Total Stockholder Equity	8.9M	33.2M	44.2M	38.9M	44.7M	46.9M
Net Tangible Assets	4.7M	8.9M	30.9M	12.4M	14.2M	10.2M
Property Plant And Equipment Net	2.6M	2.0M	1.7M	2.2M	2.5M	2.5M
Current Deferred Revenue	1.3M	1.8M	3.4M	2.4M	2.8M	2.9M
Net Debt	(4.8M)	(24.7M)	(16.9M)	(16.1M)	(14.5M)	(13.8M)
Retained Earnings	(15.8M)	(7.6M)	2.2M	(3.9M)	(4.5M)	(4.8M)
Accounts Payable	290K	585K	1.2M	669K	769.4K	807.8K
Cash	5.1M	24.9M	17.1M	18.1M	20.8M	21.9M
Non Current Assets Total	5.3M	9.9M	34.7M	25.3M	29.0M	30.5M
Non Currrent Assets Other	471K	5.1M	400K	556K	639.4K	836.7K
Other Assets	120K	154K	5.6M	1K	1.2K	1.1K
Cash And Short Term Investments	5.1M	24.9M	17.1M	18.1M	20.8M	21.9M
Net Receivables	1.4M	2.5M	2.4M	3.5M	4.0M	2.1M
Good Will	2.2M	2.3M	10.8M	2.0M	2.3M	3.6M
Common Stock Total Equity	103K	104K	123K	5K	5.8K	5.5K
Common Stock Shares Outstanding	11.1M	14.0M	14.9M	14.1M	16.2M	12.2M
Liabilities And Stockholders Equity	12.0M	37.5M	54.6M	46.8M	53.9M	56.5M
Non Current Liabilities Total	282K	145K	1.8M	2.2M	2.5M	2.7M
Inventory	123K	111K	1.0	(569K)	(512.1K)	(486.5K)
Other Current Assets	113K	49K	396K	569K	654.4K	687.1K
Other Stockholder Equity	25.6M	41.6M	43.3M	44.2M	50.8M	30.6M
Total Liab	3.1M	4.3M	10.4M	8.0M	9.2M	9.6M
Property Plant And Equipment Gross	2.6M	8.2M	8.9M	10.0M	11.5M	12.0M
Total Current Assets	6.8M	27.6M	19.9M	21.6M	24.8M	26.1M
Accumulated Other Comprehensive Income	(1.1M)	(997K)	(1.4M)	(1.5M)	(1.4M)	(1.5M)
Short Term Debt	232K	86K	142K	124K	111.6K	106.0K
Common Stock	104K	123K	144K	151K	173.7K	106.0K
Property Plant Equipment	3.4M	2.6M	2.0M	1.7M	1.9M	2.5M
Retained Earnings Total Equity	(11.9M)	(15.2M)	(15.8M)	(7.6M)	(6.8M)	(7.1M)
Capital Surpluse	22.5M	23.1M	25.7M	41.7M	47.9M	27.2M
Net Invested Capital	9.1M	33.2M	44.2M	40.8M	47.0M	24.4M

Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Zedge in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Zedge's short interest history, or implied volatility extrapolated from Zedge options trading.

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When determining whether Zedge Inc is a strong investment it is important to analyze Zedge's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Zedge's future performance. For an informed investment choice regarding Zedge Stock, refer to the following important reports:

How To Invest In Zedge

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Is Zedge Stock a good investment?

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What is Zedge's Net Worth?

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Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Zedge Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price.

Note that the Zedge Inc information on this page should be used as a complementary analysis to other Zedge's 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 Funds Screener module to find actively-traded funds from around the world traded on over 30 global exchanges.

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

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Is Zedge'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 Zedge. If investors know Zedge 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 Zedge 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

(0.96)

Earnings Share

(1.19)

Revenue Per Share

2.015

Quarterly Revenue Growth

0.113

Return On Assets

0.0123

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

Net Invested Capital vs Good Will

Net Invested Capital vs Good Will Correlation Analysis

Correlation Coefficient

Net Invested Capital

Good Will

Zedge fundamental ratios Correlations

Zedge Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Zedge fundamental ratios Accounts

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COMMON DESTINATIONS

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COMPANY

Total Stockholder Equity	+ 1.0	Total Assets
Cash And Short Term Investments	+ 1.0	Cash
Total Current Assets	+ 1.0	Cash
Total Current Assets	+ 1.0	Cash And Short Term Investments
Total Liab	+ 0.99	Non Current Assets Total
Other Stockholder Equity	+ 0.99	Common Stock Shares Outstanding

Cash And Short Term Investments	- 0.97	Net Debt
Cash	- 0.97	Net Debt
Total Current Assets	- 0.96	Net Debt
Net Debt	- 0.91	Net Tangible Assets
Other Stockholder Equity	- 0.89	Net Debt
Common Stock Shares Outstanding	- 0.88	Net Debt