Cencora Net Debt vs Cash And Short Term Investments Analysis

COR Stock

USD 226.93 0.34 0.15%

Cencora financial indicator trend analysis is way more than just evaluating Cencora prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Cencora is a good investment. Please check the relationship between Cencora Net Debt and its Cash And Short Term Investments accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cencora. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.

To learn how to invest in Cencora Stock, please use our How to Invest in Cencora guide.

Net Debt vs Cash And Short Term Investments

Net Debt vs Cash And Short Term Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Cencora Net Debt account and Cash And Short Term Investments. At this time, the significance of the direction appears to have almost no relationship.

The correlation between Cencora's Net Debt and Cash And Short Term Investments is 0.16. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Cash And Short Term Investments in the same time period over historical financial statements of Cencora, assuming nothing else is changed. The correlation between historical values of Cencora's Net Debt and Cash And Short Term Investments 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 Debt of Cencora are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Net Debt i.e., Cencora's Net Debt and Cash And Short Term Investments go up and down completely randomly.

Correlation Coefficient

0.16

Relationship Direction	Positive
Relationship Strength	Insignificant

View All Relationships

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.

Cash And Short Term Investments

Short Term Investments is an account in the current assets section of Cencora balance sheet. This account contains Cencora investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Cencora fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.

Most indicators from Cencora's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Cencora 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 Cencora. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.

To learn how to invest in Cencora Stock, please use our How to Invest in Cencora guide.At this time, Cencora's Selling General Administrative is relatively stable compared to the past year. As of 12/30/2024, Tax Provision is likely to grow to about 508.9 M, while Enterprise Value Over EBITDA is likely to drop 8.61.

	2021	2022	2023	2024 (projected)
Gross Profit	8.3B	9.0B	9.9B	10.4B
Total Revenue	238.6B	262.2B	294.0B	308.7B

Gross Profit Total Revenue

Cencora fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Common Stock	Intangible Assets	Current Deferred Revenue	Good Will
Total Assets		0.7	0.79	1.0	-0.31	0.94	0.48	0.78	1.0	0.59	0.99	0.64	0.59	0.99	0.8	0.94	0.99	0.48	-0.88	1.0	1.0	0.71	0.7	0.55	-0.14	0.86
Short Long Term Debt Total	0.7		0.45	0.65	-0.18	0.8	0.77	0.36	0.65	0.75	0.75	0.15	0.75	0.63	0.61	0.8	0.64	0.71	-0.43	0.7	0.68	0.52	0.06	0.5	0.26	0.89
Other Current Liab	0.79	0.45		0.8	-0.35	0.66	0.4	0.49	0.78	0.28	0.76	0.71	0.28	0.8	0.6	0.75	0.8	0.44	-0.63	0.79	0.8	0.5	0.6	0.36	0.02	0.56
Total Current Liabilities	1.0	0.65	0.8		-0.32	0.92	0.43	0.79	1.0	0.57	0.98	0.68	0.57	1.0	0.78	0.92	0.99	0.43	-0.91	1.0	1.0	0.71	0.74	0.54	-0.2	0.83
Total Stockholder Equity	-0.31	-0.18	-0.35	-0.32		-0.08	-0.09	0.2	-0.31	-0.19	-0.27	-0.29	-0.18	-0.35	-0.5	-0.48	-0.24	-0.45	0.41	-0.36	-0.32	-0.47	-0.23	-0.28	-0.13	-0.29
Property Plant And Equipment Net	0.94	0.8	0.66	0.92	-0.08		0.58	0.79	0.93	0.64	0.96	0.48	0.64	0.91	0.7	0.9	0.93	0.49	-0.75	0.93	0.93	0.61	0.52	0.51	-0.08	0.88
Net Debt	0.48	0.77	0.4	0.43	-0.09	0.58		0.26	0.43	0.16	0.59	0.12	0.16	0.43	0.31	0.6	0.42	0.48	-0.26	0.48	0.43	0.29	0.06	0.54	0.5	0.65
Retained Earnings	0.78	0.36	0.49	0.79	0.2	0.79	0.26		0.8	0.29	0.77	0.57	0.29	0.78	0.5	0.56	0.81	0.02	-0.79	0.75	0.77	0.44	0.76	0.39	-0.45	0.59
Accounts Payable	1.0	0.65	0.78	1.0	-0.31	0.93	0.43	0.8		0.57	0.98	0.67	0.57	1.0	0.78	0.92	0.99	0.42	-0.91	0.99	1.0	0.71	0.74	0.54	-0.21	0.84
Cash	0.59	0.75	0.28	0.57	-0.19	0.64	0.16	0.29	0.57		0.54	0.11	1.0	0.54	0.63	0.63	0.56	0.6	-0.4	0.59	0.61	0.51	0.04	0.21	-0.11	0.7
Non Current Assets Total	0.99	0.75	0.76	0.98	-0.27	0.96	0.59	0.77	0.98	0.54		0.6	0.55	0.97	0.77	0.95	0.97	0.48	-0.86	0.98	0.97	0.69	0.67	0.62	-0.07	0.89
Non Currrent Assets Other	0.64	0.15	0.71	0.68	-0.29	0.48	0.12	0.57	0.67	0.11	0.6		0.11	0.68	0.46	0.52	0.69	0.08	-0.69	0.65	0.66	0.47	0.76	0.4	-0.26	0.39
Cash And Short Term Investments	0.59	0.75	0.28	0.57	-0.18	0.64	0.16	0.29	0.57	1.0	0.55	0.11		0.54	0.63	0.63	0.56	0.6	-0.41	0.59	0.61	0.51	0.04	0.21	-0.11	0.7
Net Receivables	0.99	0.63	0.8	1.0	-0.35	0.91	0.43	0.78	1.0	0.54	0.97	0.68	0.54		0.81	0.93	0.98	0.46	-0.92	0.99	0.99	0.7	0.75	0.54	-0.17	0.83
Common Stock Shares Outstanding	0.8	0.61	0.6	0.78	-0.5	0.7	0.31	0.5	0.78	0.63	0.77	0.46	0.63	0.81		0.85	0.71	0.75	-0.75	0.81	0.8	0.63	0.47	0.51	0.04	0.8
Non Current Liabilities Total	0.94	0.8	0.75	0.92	-0.48	0.9	0.6	0.56	0.92	0.63	0.95	0.52	0.63	0.93	0.85		0.89	0.68	-0.79	0.95	0.93	0.71	0.52	0.6	0.1	0.91
Inventory	0.99	0.64	0.8	0.99	-0.24	0.93	0.42	0.81	0.99	0.56	0.97	0.69	0.56	0.98	0.71	0.89		0.38	-0.88	0.98	0.99	0.68	0.73	0.49	-0.22	0.8
Other Current Assets	0.48	0.71	0.44	0.43	-0.45	0.49	0.48	0.02	0.42	0.6	0.48	0.08	0.6	0.46	0.75	0.68	0.38		-0.23	0.5	0.48	0.44	-0.14	0.17	0.48	0.6
Other Stockholder Equity	-0.88	-0.43	-0.63	-0.91	0.41	-0.75	-0.26	-0.79	-0.91	-0.4	-0.86	-0.69	-0.41	-0.92	-0.75	-0.79	-0.88	-0.23		-0.89	-0.89	-0.61	-0.88	-0.57	0.3	-0.73
Total Liab	1.0	0.7	0.79	1.0	-0.36	0.93	0.48	0.75	0.99	0.59	0.98	0.65	0.59	0.99	0.81	0.95	0.98	0.5	-0.89		1.0	0.72	0.7	0.56	-0.13	0.86
Total Current Assets	1.0	0.68	0.8	1.0	-0.32	0.93	0.43	0.77	1.0	0.61	0.97	0.66	0.61	0.99	0.8	0.93	0.99	0.48	-0.89	1.0		0.71	0.7	0.52	-0.17	0.84
Short Term Debt	0.71	0.52	0.5	0.71	-0.47	0.61	0.29	0.44	0.71	0.51	0.69	0.47	0.51	0.7	0.63	0.71	0.68	0.44	-0.61	0.72	0.71		0.44	0.44	-0.35	0.64
Common Stock	0.7	0.06	0.6	0.74	-0.23	0.52	0.06	0.76	0.74	0.04	0.67	0.76	0.04	0.75	0.47	0.52	0.73	-0.14	-0.88	0.7	0.7	0.44		0.51	-0.43	0.44
Intangible Assets	0.55	0.5	0.36	0.54	-0.28	0.51	0.54	0.39	0.54	0.21	0.62	0.4	0.21	0.54	0.51	0.6	0.49	0.17	-0.57	0.56	0.52	0.44	0.51		-0.04	0.7
Current Deferred Revenue	-0.14	0.26	0.02	-0.2	-0.13	-0.08	0.5	-0.45	-0.21	-0.11	-0.07	-0.26	-0.11	-0.17	0.04	0.1	-0.22	0.48	0.3	-0.13	-0.17	-0.35	-0.43	-0.04		0.06
Good Will	0.86	0.89	0.56	0.83	-0.29	0.88	0.65	0.59	0.84	0.7	0.89	0.39	0.7	0.83	0.8	0.91	0.8	0.6	-0.73	0.86	0.84	0.64	0.44	0.7	0.06

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Cencora Account Relationship Matchups

Cencora fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	43.9B	57.3B	56.6B	62.6B	67.1B	70.5B
Short Long Term Debt Total	4.1B	6.7B	5.7B	4.8B	4.4B	2.5B
Other Current Liab	1.6B	3.0B	2.2B	2.4B	2.8B	2.9B
Total Current Liabilities	33.9B	41.4B	43.5B	48.8B	54.3B	57.0B
Total Stockholder Equity	(839.6M)	223.4M	(289.8M)	666.3M	645.9M	613.6M
Property Plant And Equipment Net	1.5B	2.2B	2.1B	2.1B	2.2B	2.3B
Net Debt	(478.2M)	4.1B	2.3B	2.2B	1.3B	860.8M
Retained Earnings	518.3M	1.7B	3.0B	4.3B	5.4B	5.7B
Accounts Payable	31.7B	38.0B	40.2B	45.8B	50.9B	53.5B
Cash	4.6B	2.5B	3.4B	2.6B	3.1B	1.6B
Non Current Assets Total	10.9B	18.5B	17.0B	19.8B	19.4B	20.4B
Non Currrent Assets Other	779.9M	1.8B	1.7B	3.4B	3.6B	3.8B
Cash And Short Term Investments	4.6B	2.5B	3.4B	2.6B	3.1B	1.6B
Net Receivables	14.3B	18.4B	18.6B	21.0B	23.9B	25.1B
Common Stock Shares Outstanding	204.8M	208.5M	211.2M	204.6M	200.3M	172.1M
Liabilities And Stockholders Equity	43.9B	57.3B	56.5B	62.6B	67.1B	70.5B
Non Current Liabilities Total	10.9B	15.4B	13.0B	13.1B	12.0B	12.6B
Inventory	12.6B	15.4B	15.6B	17.5B	20.2B	21.2B
Other Current Assets	1.5B	2.5B	2.0B	351.2M	538.6M	338.7M
Other Stockholder Equity	(1.3B)	(1.0B)	(1.4B)	(3.1B)	(3.8B)	(3.6B)
Total Liab	44.8B	56.8B	56.5B	61.9B	66.3B	69.6B
Total Current Assets	33.0B	38.8B	39.6B	42.8B	47.7B	50.1B
Accumulated Other Comprehensive Income	(108.8M)	(445.4M)	(1.8B)	(1.4B)	(989.1M)	(939.7M)
Short Term Debt	501.3M	300.2M	1.1B	641.3M	576.3M	605.1M
Common Stock	2.9M	2.9M	2.9M	666.3M	766.2M	804.5M
Intangible Assets	1.9B	5.3B	4.3B	14.0B	4.0B	2.7B
Good Will	6.7B	9.0B	8.5B	9.6B	9.3B	5.6B
Other Liab	7.3B	8.1B	7.5B	8.0B	9.2B	7.3B
Net Tangible Assets	(9.6B)	(14.1B)	(13.0B)	(13.5B)	(12.1B)	(12.7B)
Other Assets	698.0M	1.0B	1.1B	3.6B	4.2B	4.4B
Long Term Debt	3.6B	6.4B	4.6B	4.1B	3.8B	3.6B
Net Invested Capital	4.1B	6.9B	5.7B	4.8B	5.0B	4.5B
Short Long Term Debt	501.3M	300.2M	1.1B	641.3M	576.3M	591.9M
Capital Stock	2.9M	2.9M	2.9M	2.9M	3.0M	3.2M
Non Current Liabilities Other	6.7B	1.1B	976.6M	1.9B	2.0B	1.7B
Net Working Capital	(833.2M)	(2.6B)	(3.9B)	(6.0B)	(6.6B)	(6.2B)
Property Plant Equipment	1.9B	3.2B	3.1B	2.1B	2.5B	2.7B

Pair Trading with Cencora

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 Cencora 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 Cencora will appreciate offsetting losses from the drop in the long position's value.

Moving together with Cencora Stock

0.82

Laboratory

Pair Corr

Moving against Cencora Stock

0.74	FIGS	Figs Inc	Pair Corr
0.6	ELAB	Elevai Labs, Common	Pair Corr
0.52	VERO	Venus Concept	Pair Corr
0.46	EKSO	Ekso Bionics Holdings	Pair Corr
0.44	DRIO	DarioHealth Corp	Pair Corr

The ability to find closely correlated positions to Cencora could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cencora 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 Cencora - 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 Cencora to buy it.

The correlation of Cencora 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 Cencora moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cencora 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 Cencora 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.

Pair Correlation Correlation Matching

Additional Tools for Cencora Stock Analysis

When running Cencora's price analysis, check to measure Cencora's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Cencora is operating at the current time. Most of Cencora's value examination focuses on studying past and present price action to predict the probability of Cencora's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cencora's price. Additionally, you may evaluate how the addition of Cencora to your portfolios can decrease your overall portfolio volatility.

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