Cngr Common Stock vs Intangible Assets Analysis

300919 Stock   40.31  0.26  0.64%   
Cngr Advanced financial indicator trend analysis is way more than just evaluating Cngr Advanced Material prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Cngr Advanced Material is a good investment. Please check the relationship between Cngr Advanced Common Stock and its Intangible Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cngr Advanced Material. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

Common Stock vs Intangible Assets

Common Stock vs Intangible Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Cngr Advanced Material Common Stock account and Intangible Assets. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Cngr Advanced's Common Stock and Intangible Assets is 0.87. Overlapping area represents the amount of variation of Common Stock that can explain the historical movement of Intangible Assets in the same time period over historical financial statements of Cngr Advanced Material, assuming nothing else is changed. The correlation between historical values of Cngr Advanced's Common Stock and Intangible 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 Common Stock of Cngr Advanced Material are associated (or correlated) with its Intangible Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Intangible Assets has no effect on the direction of Common Stock i.e., Cngr Advanced's Common Stock and Intangible Assets go up and down completely randomly.

Correlation Coefficient

0.87
Relationship DirectionPositive 
Relationship StrengthStrong

Common Stock

Intangible Assets

Non-physical assets possessed by a company, such as patents, trademarks, and copyrights, which provide long-term value.
Most indicators from Cngr Advanced's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Cngr Advanced Material 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 Cngr Advanced Material. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.
The current year's Selling General Administrative is expected to grow to about 1.1 B, whereas Tax Provision is forecasted to decline to about 162.3 M.
 2022 2023 2024 2025 (projected)
Interest Expense570.2M871.7M1.1B1.1B
Depreciation And Amortization499.4M851.6M1.4B1.5B

Cngr Advanced fundamental ratios Correlations

0.980.880.980.990.990.040.870.990.770.880.990.90.90.870.870.990.990.970.921.00.920.840.920.840.87
0.980.80.960.980.95-0.020.880.960.750.920.960.890.930.860.820.990.990.940.930.980.940.90.910.810.87
0.880.80.850.840.94-0.060.820.920.510.560.940.830.610.610.810.880.810.920.680.870.660.50.750.630.62
0.980.960.850.980.960.130.770.960.850.880.960.920.90.90.880.950.980.920.90.990.910.810.890.860.89
0.990.980.840.980.970.070.860.980.790.910.970.870.920.90.870.980.990.960.940.990.940.880.940.860.9
0.990.950.940.960.97-0.020.91.00.680.81.00.880.820.80.880.980.950.990.870.980.860.760.90.790.81
0.04-0.02-0.060.130.07-0.02-0.230.010.320.13-0.020.010.120.290.01-0.070.06-0.070.080.040.10.040.050.110.27
0.870.880.820.770.860.9-0.230.90.410.720.890.660.730.640.710.920.820.950.820.850.780.780.860.620.67
0.990.960.920.960.981.00.010.90.70.831.00.870.850.830.870.980.960.990.90.980.880.80.920.80.84
0.770.750.510.850.790.680.320.410.70.870.690.760.880.930.80.690.820.620.830.780.870.730.760.880.91
0.880.920.560.880.910.80.130.720.830.870.810.751.00.950.780.860.930.80.970.880.990.970.910.860.96
0.990.960.940.960.971.0-0.020.891.00.690.810.90.830.80.880.990.960.990.870.980.860.760.90.790.81
0.90.890.830.920.870.880.010.660.870.760.750.90.770.720.810.890.910.820.740.920.780.630.720.720.72
0.90.930.610.90.920.820.120.730.850.881.00.830.770.960.830.880.940.820.980.90.990.950.930.880.97
0.870.860.610.90.90.80.290.640.830.930.950.80.720.960.830.810.90.780.950.870.960.880.920.910.99
0.870.820.810.880.870.880.010.710.870.80.780.880.810.830.830.840.850.850.860.870.860.660.890.920.85
0.990.990.880.950.980.98-0.070.920.980.690.860.990.890.880.810.840.970.980.90.990.90.840.910.780.82
0.990.990.810.980.990.950.060.820.960.820.930.960.910.940.90.850.970.930.930.990.940.880.90.850.89
0.970.940.920.920.960.99-0.070.950.990.620.80.990.820.820.780.850.980.930.880.960.860.790.920.770.79
0.920.930.680.90.940.870.080.820.90.830.970.870.740.980.950.860.90.930.880.911.00.940.980.890.97
1.00.980.870.990.990.980.040.850.980.780.880.980.920.90.870.870.990.990.960.910.920.830.910.840.87
0.920.940.660.910.940.860.10.780.880.870.990.860.780.990.960.860.90.940.861.00.920.940.960.890.98
0.840.90.50.810.880.760.040.780.80.730.970.760.630.950.880.660.840.880.790.940.830.940.880.770.88
0.920.910.750.890.940.90.050.860.920.760.910.90.720.930.920.890.910.90.920.980.910.960.880.870.94
0.840.810.630.860.860.790.110.620.80.880.860.790.720.880.910.920.780.850.770.890.840.890.770.870.89
0.870.870.620.890.90.810.270.670.840.910.960.810.720.970.990.850.820.890.790.970.870.980.880.940.89
Click cells to compare fundamentals

Cngr Advanced Account Relationship Matchups

Cngr Advanced fundamental ratios Accounts

202020212022202320242025 (projected)
Total Assets9.9B28.2B53.9B62.2B73.0B76.7B
Short Long Term Debt Total1.6B6.4B21.7B19.1B20.2B21.3B
Other Current Liab516.2M646.1M1.2B6.3B10.0B10.5B
Total Current Liabilities4.7B14.3B17.6B16.5B24.0B25.2B
Total Stockholder Equity3.8B9.8B16.5B19.8B20.1B21.1B
Property Plant And Equipment Net2.7B6.9B14.8B25.3B29.6B31.1B
Current Deferred Revenue51.5M120.1M237.6M86.4M99.4M112.2M
Net Debt(1.1B)(2.3B)6.5B15.3B9.1B9.5B
Retained Earnings469.5M1.3B2.6B4.4B4.7B4.9B
Accounts Payable3.5B10.0B8.7B3.2B10.2B5.4B
Cash2.7B8.7B15.2B11.4B11.2B7.0B
Non Current Assets Total3.3B8.6B21.3B32.2B39.3B41.3B
Non Currrent Assets Other175.0M735.2M2.8B641.9M3.8B4.0B
Cash And Short Term Investments2.7B8.7B15.3B11.6B13.2B7.3B
Net Receivables2.2B5.8B5.1B5.1B5.8B3.8B
Liabilities And Stockholders Equity9.9B28.2B53.9B62.2B73.0B76.7B
Non Current Liabilities Total1.3B3.3B15.9B17.8B19.5B20.5B
Inventory1.5B4.8B9.6B7.9B9.8B10.3B
Other Current Assets396.5M808.7M2.6B5.3B4.9B5.1B
Other Stockholder Equity2.7B7.9B13.2B14.8B14.5B7.6B
Total Liab6.0B17.6B33.5B34.3B43.5B45.7B
Total Current Assets6.5B19.6B32.6B30.0B33.7B17.9B
Accumulated Other Comprehensive Income48.7M97.9M185.2M77.6M69.9M132.0M
Short Term Debt734.1M3.4B7.4B6.9B3.6B3.2B
Intangible Assets407.3M786.6M1.1B1.7B1.6B859.6M
Common Stock569.7M605.7M670.6M669.8M937.1M564.9M
Long Term Debt840.9M2.6B14.3B15.6B16.6B9.2B
Net Invested Capital5.4B15.8B37.1B38.9B40.4B25.8B
Property Plant And Equipment Gross3.0B7.4B15.8B26.0B29.0B15.3B
Short Long Term Debt734.1M3.4B6.3B3.5B3.6B3.4B
Capital Stock569.7M605.7M670.6M669.8M937.1M727.0M
Non Current Liabilities Other126.7M152.0M888.9M1.5B2.1B2.2B
Net Working Capital1.9B5.3B15.0B13.5B9.7B8.4B

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Other Information on Investing in Cngr Stock

Balance Sheet is a snapshot of the financial position of Cngr Advanced Material at a specified time, usually calculated after every quarter, six months, or one year. Cngr Advanced Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Cngr Advanced 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 Cngr currently owns. An asset can also be divided into two categories, current and non-current.