Entegris Current Deferred Revenue vs Long Term Debt Analysis
ENTG Stock | USD 131.80 5.20 4.11% |
Entegris financial indicator trend analysis is much more than just examining Entegris latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Entegris is a good investment. Please check the relationship between Entegris Current Deferred Revenue and its Long Term Debt accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Entegris. 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. For more detail on how to invest in Entegris Stock please use our How to Invest in Entegris guide.
Current Deferred Revenue vs Long Term Debt
Current Deferred Revenue vs Long Term Debt Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Entegris Current Deferred Revenue account and Long Term Debt. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Entegris' Current Deferred Revenue and Long Term Debt is 0.92. Overlapping area represents the amount of variation of Current Deferred Revenue that can explain the historical movement of Long Term Debt in the same time period over historical financial statements of Entegris, assuming nothing else is changed. The correlation between historical values of Entegris' Current Deferred Revenue and Long Term 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 Current Deferred Revenue of Entegris are associated (or correlated) with its Long Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Long Term Debt has no effect on the direction of Current Deferred Revenue i.e., Entegris' Current Deferred Revenue and Long Term Debt go up and down completely randomly.
Correlation Coefficient | 0.92 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Current Deferred Revenue
Revenue that has been collected but not yet earned, typically from prepaid service contracts or subscriptions. This amount is considered a liability until the service is provided or the subscription period ends.Long Term Debt
Long-term debt is a debt that Entegris has held for over one year. Long-term debt appears on Entegris balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on Entegris balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.Most indicators from Entegris' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Entegris 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Entegris. 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. For more detail on how to invest in Entegris Stock please use our How to Invest in Entegris guide.At this time, Entegris' Enterprise Value Over EBITDA is most likely to increase significantly in the upcoming years. The Entegris' current Enterprise Value Multiple is estimated to increase to 26.38, while Sales General And Administrative To Revenue is projected to decrease to 0.12.
2021 | 2022 | 2023 | 2024 (projected) | Operating Income | 551.8M | 480.0M | 499.2M | 524.1M | Other Operating Expenses | 1.7B | 2.8B | 3.0B | 3.2B |
Entegris fundamental ratios Correlations
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Entegris Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Entegris fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 2.5B | 2.9B | 3.2B | 10.1B | 8.8B | 9.3B | |
Short Long Term Debt Total | 980.3M | 1.1B | 997.1M | 5.9B | 4.6B | 4.9B | |
Total Stockholder Equity | 1.2B | 1.4B | 1.7B | 3.2B | 3.4B | 3.6B | |
Net Debt | 628.4M | 544.6M | 594.6M | 5.3B | 4.2B | 4.4B | |
Non Current Assets Total | 1.6B | 1.7B | 1.9B | 7.8B | 6.8B | 7.2B | |
Non Currrent Assets Other | 13.7M | 12.0M | 11.4M | 22.1M | 24.9M | 15.4M | |
Other Assets | 25.0M | 72.4M | 29.1M | 51.0M | 45.9M | 26.5M | |
Common Stock Shares Outstanding | 136.6M | 136.3M | 136.6M | 143.1M | 150.9M | 126.6M | |
Liabilities And Stockholders Equity | 2.5B | 2.9B | 3.2B | 10.1B | 8.8B | 9.3B | |
Non Current Liabilities Total | 1.1B | 1.2B | 1.1B | 6.2B | 4.9B | 5.1B | |
Other Stockholder Equity | 835.7M | 837.7M | 872.7M | 2.2B | 2.3B | 2.4B | |
Total Liab | 1.4B | 1.5B | 1.5B | 6.9B | 5.4B | 5.7B | |
Other Current Liab | 163.2M | 197.2M | 214.6M | 389.9M | 379.8M | 398.8M | |
Total Current Liabilities | 264.4M | 302.6M | 379.0M | 761.9M | 514.0M | 539.7M | |
Property Plant And Equipment Net | 529.7M | 571.3M | 720.7M | 1.5B | 1.5B | 1.6B | |
Retained Earnings | 366.1M | 577.8M | 879.8M | 1.0B | 1.2B | 1.2B | |
Accounts Payable | 84.2M | 81.6M | 130.7M | 172.5M | 134.2M | 140.9M | |
Cash | 351.9M | 580.9M | 402.6M | 563.4M | 456.9M | 300.5M | |
Cash And Short Term Investments | 351.9M | 580.9M | 402.6M | 563.4M | 456.9M | 318.8M | |
Net Receivables | 234.4M | 264.4M | 347.4M | 535.5M | 457.1M | 479.9M | |
Common Stock Total Equity | 1.3M | 1.4M | 1.4M | 1.5M | 1.7M | 1.3M | |
Inventory | 287.1M | 323.9M | 475.2M | 812.8M | 607.1M | 637.4M | |
Other Current Assets | 34.4M | 43.9M | 52.9M | 129.3M | 113.7M | 119.3M | |
Property Plant And Equipment Gross | 529.7M | 571.3M | 720.7M | 1.5B | 2.5B | 2.6B | |
Total Current Assets | 932.4M | 1.2B | 1.3B | 2.3B | 2.0B | 2.1B | |
Accumulated Other Comprehensive Income | (37.3M) | (37.4M) | (40.1M) | (13.1M) | (42.9M) | (40.8M) | |
Intangible Assets | 334.0M | 337.6M | 335.1M | 1.8B | 1.3B | 1.3B | |
Common Stock | 1.3M | 1.4M | 1.4M | 1.5M | 1.5M | 1.3M | |
Long Term Debt | 932.5M | 1.1B | 937.0M | 5.6B | 4.6B | 4.8B | |
Property Plant Equipment | 479.5M | 525.4M | 720.7M | 1.4B | 1.6B | 1.7B | |
Good Will | 695.0M | 748.0M | 793.7M | 4.4B | 3.9B | 4.1B | |
Current Deferred Revenue | 13.0M | 13.9M | 23.1M | 47.6M | 69.1M | 72.5M | |
Other Liab | 109.5M | 110.1M | 102.0M | 445.3M | 512.1M | 537.7M | |
Net Tangible Assets | 180.7M | 333.6M | 585.0M | (3.0B) | (2.7B) | (2.5B) | |
Retained Earnings Total Equity | 366.1M | 577.8M | 879.8M | 1.0B | 1.2B | 1.2B | |
Capital Surpluse | 842.8M | 844.9M | 879.8M | 2.2B | 2.5B | 2.7B |
Pair Trading with Entegris
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Entegris position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Entegris will appreciate offsetting losses from the drop in the long position's value.Moving together with Entegris Stock
0.94 | MKSI | MKS Instruments Earnings Call This Week | PairCorr |
0.61 | SWKS | Skyworks Solutions Financial Report 13th of May 2024 | PairCorr |
Moving against Entegris Stock
0.67 | DT | Dynatrace Holdings LLC Sell-off Trend | PairCorr |
The ability to find closely correlated positions to Entegris could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Entegris when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Entegris - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Entegris to buy it.
The correlation of Entegris is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Entegris moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Entegris moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Entegris can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Entegris. 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. For more detail on how to invest in Entegris Stock please use our How to Invest in Entegris guide.You can also try the Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.
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Is Entegris' 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 Entegris. If investors know Entegris 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 Entegris 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 (0.34) | Dividend Share 0.4 | Earnings Share 2.09 | Revenue Per Share 22.457 | Quarterly Revenue Growth (0.16) |
The market value of Entegris is measured differently than its book value, which is the value of Entegris that is recorded on the company's balance sheet. Investors also form their own opinion of Entegris' value that differs from its market value or its book value, called intrinsic value, which is Entegris' 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 Entegris' market value can be influenced by many factors that don't directly affect Entegris' 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 Entegris' value and its price as these two are different measures arrived at by different means. Investors typically determine if Entegris is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Entegris' 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.