Cerence Net Tangible Assets vs Net Debt Analysis
CRNC Stock | USD 7.20 0.02 0.28% |
Cerence financial indicator trend analysis is way more than just evaluating Cerence prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Cerence is a good investment. Please check the relationship between Cerence Net Tangible Assets and its Net Debt accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cerence. 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. For information on how to trade Cerence Stock refer to our How to Trade Cerence Stock guide.
Net Tangible Assets vs Net Debt
Net Tangible Assets vs Net Debt Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Cerence Net Tangible Assets account and Net Debt. At this time, the significance of the direction appears to have almost no relationship.
The correlation between Cerence's Net Tangible Assets and Net Debt is 0.16. Overlapping area represents the amount of variation of Net Tangible Assets that can explain the historical movement of Net Debt in the same time period over historical financial statements of Cerence, assuming nothing else is changed. The correlation between historical values of Cerence's Net Tangible Assets and Net 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 Net Tangible Assets of Cerence are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Net Tangible Assets i.e., Cerence's Net Tangible Assets and Net Debt go up and down completely randomly.
Correlation Coefficient | 0.16 |
Relationship Direction | Positive |
Relationship Strength | Insignificant |
Net Tangible Assets
The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.Net Debt
The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.Most indicators from Cerence's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Cerence 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 Cerence. 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. For information on how to trade Cerence Stock refer to our How to Trade Cerence Stock guide.The current year's Issuance Of Capital Stock is expected to grow to about 14.4 M, whereas Tax Provision is forecasted to decline to about 3.3 M.
2021 | 2022 | 2023 | 2024 (projected) | Depreciation And Amortization | 23.9M | 16.0M | 10.6M | 18.2M | Interest Income | 1.0M | 4.5M | 5.4M | 5.6M |
Cerence fundamental ratios Correlations
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Cerence Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Cerence fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 1.7B | 1.7B | 1.3B | 1.3B | 702.4M | 1.1B | |
Other Current Liab | 163.3M | 55.5M | 43.0M | 40.9M | 51.2M | 47.6M | |
Total Current Liabilities | 200.8M | 165.3M | 147.0M | 148.1M | 216.8M | 159.3M | |
Total Stockholder Equity | 957.8M | 1.0B | 713.0M | 694.9M | 141.1M | 134.0M | |
Property Plant And Equipment Net | 49.6M | 46.4M | 52.4M | 46.0M | 43.0M | 36.6M | |
Current Deferred Revenue | 112.5M | 78.4M | 72.7M | 77.1M | 52.8M | 83.7M | |
Accounts Payable | 8.4M | 11.6M | 10.4M | 16.9M | 4.0M | 3.8M | |
Non Current Assets Total | 1.4B | 1.4B | 1.1B | 1.1B | 436.8M | 415.0M | |
Non Currrent Assets Other | 14.9M | 51.8M | 74.5M | 64.5M | 43.9M | 31.1M | |
Other Assets | 186.5M | 214.9M | 211.1M | 123.4M | 141.9M | 163.0M | |
Net Receivables | 49.9M | 45.6M | 45.1M | 61.3M | 62.8M | 47.3M | |
Good Will | 1.1B | 1.1B | 890.8M | 900.3M | 296.9M | 282.0M | |
Common Stock Shares Outstanding | 36.4M | 39.3M | 39.2M | 40.2M | 41.6M | 41.8M | |
Liabilities And Stockholders Equity | 1.7B | 1.7B | 1.3B | 1.3B | 702.4M | 1.1B | |
Non Current Liabilities Total | 528.9M | 508.5M | 458.5M | 454.6M | 344.5M | 404.6M | |
Other Current Assets | 51.5M | 82.6M | 67.3M | 7.4M | 75.8M | 40.7M | |
Other Stockholder Equity | 974.3M | 1.0B | 1.0B | 1.1B | 1.1B | 1.1B | |
Total Liab | 729.7M | 673.8M | 605.5M | 602.7M | 561.3M | 563.8M | |
Property Plant And Equipment Gross | 49.6M | 46.4M | 52.4M | 46.0M | 110.5M | 116.1M | |
Total Current Assets | 249.1M | 287.0M | 227.5M | 225.7M | 265.5M | 191.9M | |
Accumulated Other Comprehensive Income | 3.7M | 1.6M | (33.7M) | (28.0M) | (25.9M) | (27.2M) | |
Non Current Liabilities Other | 31.6M | 243.4M | 21.7M | 25.2M | 26.5M | 50.1M | |
Short Term Debt | 12.2M | 11.2M | 16.5M | 5.9M | 96.2M | 101.0M | |
Intangible Assets | 45.6M | 25.3M | 9.7M | 3.9M | 1.7M | 1.6M | |
Property Plant Equipment | 20.1M | 49.6M | 46.4M | 52.4M | 60.3M | 33.1M | |
Other Liab | 286.6M | 243.1M | 231.2M | 186.9M | 168.2M | 196.6M | |
Net Tangible Assets | (116.8M) | (216.1M) | (121.9M) | (187.6M) | (168.8M) | (177.2M) | |
Deferred Long Term Liab | 32.4M | 38.2M | 31.7M | 22.5M | 20.2M | 29.0M | |
Net Invested Capital | 1.2B | 1.3B | 983.3M | 970.8M | 423.0M | 797.0M | |
Net Working Capital | 48.4M | 121.7M | 80.5M | 77.6M | 48.7M | 39.6M | |
Common Stock | 369K | 381K | 394K | 404K | 419K | 398.1K |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Cerence offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Cerence'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 Cerence Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Cerence Stock:Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cerence. 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. For information on how to trade Cerence Stock refer to our How to Trade Cerence Stock guide.You can also try the Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.
Is Systems Software space 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 Cerence. If investors know Cerence 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 Cerence 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 (0.10) | Earnings Share (14.12) | Revenue Per Share 8.663 | Quarterly Revenue Growth 0.144 | Return On Assets 0.0377 |
The market value of Cerence is measured differently than its book value, which is the value of Cerence that is recorded on the company's balance sheet. Investors also form their own opinion of Cerence's value that differs from its market value or its book value, called intrinsic value, which is Cerence'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 Cerence's market value can be influenced by many factors that don't directly affect Cerence'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 Cerence's value and its price as these two are different measures arrived at by different means. Investors typically determine if Cerence is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cerence'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.