Cigniti Total Stockholder Equity vs Total Assets Analysis

CIGNITITEC   1,739  63.10  3.76%   
Cigniti Technologies financial indicator trend analysis is way more than just evaluating Cigniti Technologies prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Cigniti Technologies is a good investment. Please check the relationship between Cigniti Technologies Total Stockholder Equity and its Total Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cigniti Technologies Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

Total Stockholder Equity vs Total Assets

Total Stockholder Equity vs Total Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Cigniti Technologies Total Stockholder Equity account and Total Assets. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Cigniti Technologies' Total Stockholder Equity and Total Assets is 0.97. Overlapping area represents the amount of variation of Total Stockholder Equity that can explain the historical movement of Total Assets in the same time period over historical financial statements of Cigniti Technologies Limited, assuming nothing else is changed. The correlation between historical values of Cigniti Technologies' Total Stockholder Equity 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 Total Stockholder Equity of Cigniti Technologies Limited 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 Total Stockholder Equity i.e., Cigniti Technologies' Total Stockholder Equity and Total Assets go up and down completely randomly.

Correlation Coefficient

0.97
Relationship DirectionPositive 
Relationship StrengthVery Strong

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.

Total Assets

Total assets refers to the total amount of Cigniti Technologies 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 Cigniti Technologies 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 Cigniti Technologies' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Cigniti Technologies 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 Cigniti Technologies Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.
The Cigniti Technologies' current Tax Provision is estimated to increase to about 575.2 M, while Selling General Administrative is projected to decrease to under 332.4 M.
 2021 2022 2023 2024 (projected)
Interest Expense38.0M44.0M41.2M31.5M
Depreciation And Amortization161.6M263.8M303.3M318.5M

Cigniti Technologies fundamental ratios Correlations

0.230.760.580.970.39-0.30.770.540.220.910.560.540.50.040.620.980.570.810.980.17-0.180.470.78-0.260.61
0.230.350.830.00.40.780.040.32-0.260.030.730.410.310.480.820.170.710.550.250.960.480.36-0.40.070.6
0.760.350.610.680.47-0.140.70.490.180.560.490.120.50.270.580.710.490.590.740.380.050.520.490.320.51
0.580.830.610.390.620.470.290.650.080.350.820.480.540.30.990.490.80.890.570.780.40.580.02-0.070.76
0.970.00.680.390.29-0.490.780.470.260.920.410.480.46-0.050.430.960.420.690.94-0.05-0.30.380.9-0.280.46
0.390.40.470.620.290.35-0.050.90.480.030.350.020.760.110.580.20.370.550.280.390.640.760.160.090.54
-0.30.78-0.140.47-0.490.35-0.590.2-0.16-0.480.350.170.130.330.46-0.380.330.12-0.320.720.680.34-0.720.020.32
0.770.040.70.290.78-0.05-0.590.08-0.080.790.350.240.190.120.310.830.360.480.820.1-0.47-0.070.640.10.27
0.540.320.490.650.470.90.20.080.60.190.450.080.840.030.610.350.460.670.420.320.590.720.34-0.040.48
0.22-0.260.180.080.260.48-0.16-0.080.60.03-0.08-0.20.46-0.130.040.09-0.050.180.08-0.240.330.560.35-0.050.24
0.910.030.560.350.920.03-0.480.790.190.030.410.650.14-0.130.420.970.410.660.93-0.05-0.530.230.8-0.440.46
0.560.730.490.820.410.350.350.350.45-0.080.410.620.480.420.850.520.990.780.570.650.320.350.0-0.140.68
0.540.410.120.480.480.020.170.240.08-0.20.650.620.060.090.590.60.60.650.590.2-0.230.290.24-0.660.57
0.50.310.50.540.460.760.130.190.840.460.140.480.060.390.510.350.510.550.380.310.60.520.280.220.4
0.040.480.270.3-0.050.110.330.120.03-0.13-0.130.420.090.390.290.040.430.11-0.020.490.44-0.01-0.30.440.41
0.620.820.580.990.430.580.460.310.610.040.420.850.590.510.290.540.830.910.620.750.330.570.06-0.170.78
0.980.170.710.490.960.2-0.380.830.350.090.970.520.60.350.040.540.520.740.980.11-0.350.340.78-0.290.56
0.570.710.490.80.420.370.330.360.46-0.050.410.990.60.510.430.830.520.750.580.640.330.350.02-0.10.65
0.810.550.590.890.690.550.120.480.670.180.660.780.650.550.110.910.740.750.790.470.140.540.39-0.370.76
0.980.250.740.570.940.28-0.320.820.420.080.930.570.590.38-0.020.620.980.580.790.19-0.30.40.74-0.260.54
0.170.960.380.78-0.050.390.720.10.32-0.24-0.050.650.20.310.490.750.110.640.470.190.50.25-0.430.240.51
-0.180.480.050.4-0.30.640.68-0.470.590.33-0.530.32-0.230.60.440.33-0.350.330.14-0.30.50.4-0.460.260.31
0.470.360.520.580.380.760.34-0.070.720.560.230.350.290.52-0.010.570.340.350.540.40.250.40.27-0.140.57
0.78-0.40.490.020.90.16-0.720.640.340.350.80.00.240.28-0.30.060.780.020.390.74-0.43-0.460.27-0.270.14
-0.260.070.32-0.07-0.280.090.020.1-0.04-0.05-0.44-0.14-0.660.220.44-0.17-0.29-0.1-0.37-0.260.240.26-0.14-0.27-0.31
0.610.60.510.760.460.540.320.270.480.240.460.680.570.40.410.780.560.650.760.540.510.310.570.14-0.31
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Cigniti Technologies Account Relationship Matchups

Cigniti Technologies fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets4.8B5.3B7.0B8.5B10.1B10.6B
Short Long Term Debt Total1.2B456.8M800.4M609.7M572.3M551.2M
Other Current Liab171.0M193.4M281.3M222.7M567.9M596.3M
Total Current Liabilities1.7B1.3B2.0B2.2B2.4B1.3B
Total Stockholder Equity2.7B3.7B4.6B5.9B7.4B7.7B
Property Plant And Equipment Net470.9M383.7M580.9M489.7M404.7M410.5M
Net Debt1.1B200.6M555.8M119.8M(464.3M)(441.1M)
Cash76.2M256.1M244.6M437.9M1.0B1.1B
Non Current Assets Total1.1B1.0B1.4B1.7B1.4B975.2M
Non Currrent Assets Other(1.1B)855.4M109.3M115.8M73.9M77.6M
Cash And Short Term Investments1.4B2.1B2.4B4.0B4.1B4.3B
Common Stock Shares Outstanding27.8M27.9M28.1M27.5M27.4M22.4M
Liabilities And Stockholders Equity4.8B5.3B7.0B8.5B10.1B10.6B
Non Current Liabilities Total385.4M328.3M409.7M410.5M326.6M174.8M
Other Current Assets506.7M463.1M446.6M217.6M572.6M311.2M
Other Stockholder Equity2.9B2.9B2.9B(3.3B)2.6B1.3B
Total Liab2.1B1.6B2.4B2.6B2.7B1.4B
Total Current Assets3.7B4.3B5.6B6.8B8.6B9.1B
Accumulated Other Comprehensive Income(196.4M)(107.6M)(87.7M)45.0M88.1M92.5M
Common Stock278.5M280.2M280.5M272.6M273.0M233.1M
Accounts Payable601.4M618.9M938.5M1.2B1.1B579.8M
Net Receivables1.8B1.7B2.8B3.8B4.0B4.2B
Short Term Debt919.4M251.9M567.6M418.5M486.8M614.5M
Current Deferred Revenue91.9M237.7M461.4M360.1M143.3M189.5M
Retained Earnings(426.9M)622.5M1.5B3.0B4.4B4.6B
Inventory(488.9M)(804.6M)(1.2B)(1.8B)(10.6M)(11.1M)
Other Assets51.6M103.7M107.6M59.1M68.0M75.2M
Other Liab74.7M90.1M123.5M176.9M203.4M213.6M
Net Tangible Assets958.8M2.1B3.2B4.0B4.7B4.9B
Short Term Investments1.3B1.8B2.1B3.6B2.9B3.0B
Capital Surpluse2.9B2.9B2.9B2.6B3.0B2.9B
Property Plant Equipment470.9M383.7M580.9M489.7M440.8M372.7M
Long Term Debt Total295.3M204.9M232.8M191.2M219.9M200.5M
Short Long Term Debt837.7M161.1M469.6M304.4M349.3M521.7M
Net Invested Capital3.5B3.9B5.1B6.2B7.7B4.7B
Net Working Capital2.0B3.0B3.6B4.6B6.3B6.6B

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Other Information on Investing in Cigniti Stock

Balance Sheet is a snapshot of the financial position of Cigniti Technologies at a specified time, usually calculated after every quarter, six months, or one year. Cigniti Technologies Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Cigniti Technologies and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Cigniti currently owns. An asset can also be divided into two categories, current and non-current.