Cognizant Total Assets vs Total Stockholder Equity Analysis

0QZ5 Stock   80.80  0.57  0.71%   
Cognizant Technology financial indicator trend analysis is way more than just evaluating Cognizant Technology prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Cognizant Technology is a good investment. Please check the relationship between Cognizant Technology Total Assets and its Total Stockholder Equity accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cognizant Technology Solutions. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Total Assets vs Total Stockholder Equity

Total Assets vs Total Stockholder Equity Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Cognizant Technology Total Assets account and Total Stockholder Equity. At this time, the significance of the direction appears to have totally related.
The correlation between Cognizant Technology's Total Assets and Total Stockholder Equity is 0.99. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Total Stockholder Equity in the same time period over historical financial statements of Cognizant Technology Solutions, assuming nothing else is changed. The correlation between historical values of Cognizant Technology's Total Assets and Total Stockholder Equity 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 Assets of Cognizant Technology Solutions are associated (or correlated) with its Total Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Stockholder Equity has no effect on the direction of Total Assets i.e., Cognizant Technology's Total Assets and Total Stockholder Equity go up and down completely randomly.

Correlation Coefficient

0.99
Relationship DirectionPositive 
Relationship StrengthVery Strong

Total Assets

Total assets refers to the total amount of Cognizant Technology 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 Cognizant Technology 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.

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.
Most indicators from Cognizant Technology's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Cognizant Technology 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Cognizant Technology Solutions. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Selling General Administrative is likely to gain to about 4.2 B in 2024, whereas Tax Provision is likely to drop slightly above 721.4 M in 2024.
 2021 2022 2023 2024 (projected)
Gross Profit6.9B7.0B6.7B7.0B
Total Revenue18.5B19.4B19.4B20.3B

Cognizant Technology fundamental ratios Correlations

0.820.980.990.780.060.990.920.620.950.890.370.990.40.920.9-0.550.970.720.950.750.920.880.00.94-0.46
0.820.860.790.910.050.780.740.80.720.580.570.790.460.790.7-0.280.840.890.780.870.660.950.210.8-0.28
0.980.860.960.820.060.950.920.680.940.840.370.960.440.930.88-0.470.990.720.930.760.90.9-0.030.94-0.36
0.990.790.960.730.011.00.890.60.930.880.410.990.430.880.89-0.520.940.730.940.750.90.860.050.94-0.45
0.780.910.820.730.070.730.790.810.750.640.310.750.330.850.77-0.390.850.710.720.670.690.87-0.080.7-0.27
0.060.050.060.010.070.020.1-0.380.170.04-0.24-0.01-0.530.29-0.02-0.430.17-0.090.330.080.220.1-0.02-0.09-0.66
0.990.780.951.00.730.020.890.580.940.890.381.00.40.880.9-0.550.940.710.930.730.910.860.020.93-0.47
0.920.740.920.890.790.10.890.560.970.910.040.90.20.930.93-0.640.940.480.840.510.960.82-0.330.78-0.42
0.620.80.680.60.81-0.380.580.560.520.440.480.610.530.560.52-0.010.630.710.490.670.450.730.00.690.11
0.950.720.940.930.750.170.940.970.520.950.080.940.180.950.92-0.680.960.510.910.560.990.81-0.280.82-0.51
0.890.580.840.880.640.040.890.910.440.950.00.880.140.870.93-0.720.870.40.810.430.940.68-0.340.75-0.47
0.370.570.370.410.31-0.240.380.040.480.080.00.380.730.160.130.260.280.850.360.790.00.480.860.56-0.02
0.990.790.960.990.75-0.011.00.90.610.940.880.380.440.890.9-0.520.940.720.920.730.910.870.010.93-0.41
0.40.460.440.430.33-0.530.40.20.530.180.140.730.440.180.270.460.330.630.260.60.10.330.470.560.4
0.920.790.930.880.850.290.880.930.560.950.870.160.890.180.89-0.670.980.580.930.630.920.85-0.180.79-0.56
0.90.70.880.890.77-0.020.90.930.520.920.930.130.90.270.89-0.670.90.540.790.490.890.78-0.210.76-0.38
-0.55-0.28-0.47-0.52-0.39-0.43-0.55-0.64-0.01-0.68-0.720.26-0.520.46-0.67-0.67-0.57-0.11-0.59-0.09-0.7-0.480.33-0.330.8
0.970.840.990.940.850.170.940.940.630.960.870.280.940.330.980.9-0.570.670.940.720.930.89-0.10.88-0.46
0.720.890.720.730.71-0.090.710.480.710.510.40.850.720.630.580.54-0.110.670.690.940.430.840.580.79-0.24
0.950.780.930.940.720.330.930.840.490.910.810.360.920.260.930.79-0.590.940.690.780.90.850.070.88-0.63
0.750.870.760.750.670.080.730.510.670.560.430.790.730.60.630.49-0.090.720.940.780.510.820.510.83-0.29
0.920.660.90.90.690.220.910.960.450.990.940.00.910.10.920.89-0.70.930.430.90.510.77-0.330.78-0.53
0.880.950.90.860.870.10.860.820.730.810.680.480.870.330.850.78-0.480.890.840.850.820.770.130.82-0.45
0.00.21-0.030.05-0.08-0.020.02-0.330.0-0.28-0.340.860.010.47-0.18-0.210.33-0.10.580.070.51-0.330.130.17-0.07
0.940.80.940.940.7-0.090.930.780.690.820.750.560.930.560.790.76-0.330.880.790.880.830.780.820.17-0.28
-0.46-0.28-0.36-0.45-0.27-0.66-0.47-0.420.11-0.51-0.47-0.02-0.410.4-0.56-0.380.8-0.46-0.24-0.63-0.29-0.53-0.45-0.07-0.28
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Cognizant Technology Account Relationship Matchups

Cognizant Technology fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets15.9B16.2B16.9B17.9B18.5B19.4B
Other Current Liab2.0B2.5B2.5B2.2B2.2B1.2B
Total Current Liabilities3.0B3.5B3.5B3.3B3.3B3.5B
Total Stockholder Equity11.0B10.8B12.0B12.3B13.2B13.9B
Property Plant And Equipment Net2.2B2.3B2.1B2.0B1.7B933.8M
Net Debt(960M)(922M)(150M)(657M)(1.3B)(1.2B)
Retained Earnings11.0B10.7B11.9B12.6B13.3B14.0B
Accounts Payable239M389M361M360M337M353.9M
Cash2.6B2.7B1.8B2.2B2.6B1.3B
Non Current Assets Total8.6B10.1B10.5B10.6B11.0B11.5B
Non Currrent Assets Other736M846M701M662M1.0B1.1B
Cash And Short Term Investments3.4B2.7B2.7B2.5B2.6B2.3B
Net Receivables3.3B3.1B3.6B3.8B3.8B4.0B
Common Stock Shares Outstanding560M541M528M519M505M608.7M
Liabilities And Stockholders Equity15.9B16.2B16.9B17.9B18.5B19.4B
Non Current Liabilities Total2.2B2.5B2.3B2.2B1.9B2.0B
Other Current Assets931M1.0B1.1B969M1.0B1.1B
Other Stockholder Equity33M32M27M15M13.5M12.8M
Total Liab5.2B6.1B5.9B5.5B5.3B5.5B
Total Current Assets7.6B6.9B7.3B7.3B7.5B4.4B
Accumulated Other Comprehensive Income(38M)110M37M(299M)(94M)(89.3M)
Intangible Assets1.0B1.0B1.2B1.2B1.1B1.2B
Good Will4.0B5.0B5.6B5.7B6.1B6.4B
Short Term Investments779M44M927M310M14M13.3M
Short Term Debt240M249M233M182M339M313.8M
Other Assets1.3B1.7B1.5B1.7B1.9B1.1B
Short Long Term Debt Total1.7B1.8B1.6B1.5B1.3B1.5B
Other Liab739M1.0B918M836M752.4M734.8M
Net Tangible Assets6.0B4.8B5.2B5.4B4.9B4.7B
Long Term Debt736M700M663M626M563.4M547.7M
Capital Surpluse47M33M32M27M24.3M30.1M
Deferred Long Term Liab485M467M394M265M238.5M308.5M
Property Plant Equipment2.2B2.3B2.1B2.0B2.3B2.1B

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