Envista Net Invested Capital vs Total Current Liabilities Analysis

NVST Stock

USD 20.75 0.36 1.77%

Envista Holdings financial indicator trend analysis is much more than just examining Envista Holdings Corp latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Envista Holdings Corp is a good investment. Please check the relationship between Envista Holdings Net Invested Capital and its Total Current Liabilities accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Envista Holdings Corp. 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.

Net Invested Capital vs Total Current Liabilities

Net Invested Capital vs Total Current Liabilities Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Envista Holdings Corp Net Invested Capital account and Total Current Liabilities. At this time, the significance of the direction appears to have strong relationship.

The correlation between Envista Holdings' Net Invested Capital and Total Current Liabilities is 0.72. Overlapping area represents the amount of variation of Net Invested Capital that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of Envista Holdings Corp, assuming nothing else is changed. The correlation between historical values of Envista Holdings' Net Invested Capital and Total Current Liabilities 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 Invested Capital of Envista Holdings Corp are associated (or correlated) with its Total Current Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Liabilities has no effect on the direction of Net Invested Capital i.e., Envista Holdings' Net Invested Capital and Total Current Liabilities go up and down completely randomly.

Correlation Coefficient

0.72

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Net Invested Capital

The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.

Total Current Liabilities

Total Current Liabilities is an item on Envista Holdings balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Envista Holdings Corp are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.

Most indicators from Envista Holdings' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Envista Holdings Corp 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Envista Holdings Corp. 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.

At this time, Envista Holdings' Enterprise Value Over EBITDA is comparatively stable compared to the past year. Enterprise Value Multiple is likely to gain to 12.78 in 2024, whereas Tax Provision is likely to drop slightly above 38.9 M in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	1.4B	1.5B	1.4B	1.2B
Total Revenue	2.5B	2.6B	2.6B	2.1B

Gross Profit Total Revenue

Envista Holdings fundamental ratios Correlations

	Common Stock Shares Outstanding	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Property Plant And Equipment Net	Current Deferred Revenue	Accounts Payable	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Net Receivables	Good Will	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Net Invested Capital	Property Plant And Equipment Gross	Total Current Assets	Non Current Liabilities Other	Net Working Capital	Short Term Debt
Common Stock Shares Outstanding		0.75	0.53	0.66	-0.39	-0.69	0.68	0.38	0.54	-0.46	-0.6	0.84	0.55	-0.8	-0.42	0.29	-0.36	0.78	-0.54	0.47	0.85	0.39	0.75	0.49	0.51	0.47
Total Assets	0.75		0.85	0.85	-0.85	-0.54	0.57	0.82	0.52	-0.54	-0.63	0.82	0.24	-0.94	-0.53	0.76	-0.57	0.74	-0.9	0.87	0.94	0.74	0.89	0.59	0.56	0.49
Other Current Liab	0.53	0.85		0.83	-0.91	-0.4	0.25	0.94	0.38	-0.46	-0.41	0.76	0.28	-0.87	-0.33	0.92	-0.29	0.78	-0.94	0.98	0.71	0.75	0.9	0.71	0.41	0.49
Total Current Liabilities	0.66	0.85	0.83		-0.7	-0.27	0.19	0.73	0.18	-0.11	-0.26	0.67	-0.02	-0.84	-0.17	0.62	-0.21	0.57	-0.74	0.83	0.72	0.48	0.79	0.9	0.09	0.85
Total Stockholder Equity	-0.39	-0.85	-0.91	-0.7		0.33	-0.34	-0.95	-0.38	0.57	0.59	-0.6	-0.13	0.82	0.55	-0.93	0.51	-0.61	0.97	-0.93	-0.68	-0.76	-0.76	-0.46	-0.52	-0.26
Other Liab	-0.69	-0.54	-0.4	-0.27	0.33		-0.9	-0.45	-0.94	0.51	0.43	-0.81	-0.83	0.45	0.19	-0.44	0.12	-0.79	0.53	-0.41	-0.75	-0.67	-0.63	-0.02	-0.65	-0.02
Net Tangible Assets	0.68	0.57	0.25	0.19	-0.34	-0.9		0.35	0.86	-0.59	-0.64	0.66	0.63	-0.45	-0.46	0.31	-0.41	0.6	-0.48	0.29	0.77	0.58	0.48	-0.18	0.73	-0.12
Property Plant And Equipment Net	0.38	0.82	0.94	0.73	-0.95	-0.45	0.35		0.49	-0.46	-0.4	0.68	0.23	-0.76	-0.31	0.98	-0.29	0.68	-0.97	0.98	0.69	0.86	0.81	0.52	0.44	0.34
Current Deferred Revenue	0.54	0.52	0.38	0.18	-0.38	-0.94	0.86	0.49		-0.62	-0.46	0.78	0.75	-0.4	-0.24	0.51	-0.25	0.73	-0.53	0.43	0.71	0.81	0.63	-0.07	0.74	-0.1
Accounts Payable	-0.46	-0.54	-0.46	-0.11	0.57	0.51	-0.59	-0.46	-0.62		0.89	-0.6	-0.61	0.61	0.84	-0.53	0.78	-0.67	0.6	-0.42	-0.57	-0.63	-0.59	0.09	-0.98	0.35
Non Current Assets Total	-0.6	-0.63	-0.41	-0.26	0.59	0.43	-0.64	-0.4	-0.46	0.89		-0.52	-0.41	0.7	0.96	-0.4	0.86	-0.55	0.6	-0.38	-0.63	-0.44	-0.51	0.03	-0.87	0.2
Non Currrent Assets Other	0.84	0.82	0.76	0.67	-0.6	-0.81	0.66	0.68	0.78	-0.6	-0.52		0.67	-0.81	-0.32	0.67	-0.33	0.96	-0.75	0.74	0.9	0.78	0.95	0.52	0.65	0.39
Other Assets	0.55	0.24	0.28	-0.02	-0.13	-0.83	0.63	0.23	0.75	-0.61	-0.41	0.67		-0.31	-0.22	0.28	-0.05	0.79	-0.32	0.19	0.43	0.44	0.49	-0.1	0.68	-0.24
Net Receivables	-0.8	-0.94	-0.87	-0.84	0.82	0.45	-0.45	-0.76	-0.4	0.61	0.7	-0.81	-0.31		0.62	-0.7	0.58	-0.79	0.87	-0.83	-0.85	-0.61	-0.9	-0.66	-0.57	-0.49
Good Will	-0.42	-0.53	-0.33	-0.17	0.55	0.19	-0.46	-0.31	-0.24	0.84	0.96	-0.32	-0.22	0.62		-0.32	0.91	-0.37	0.5	-0.29	-0.47	-0.3	-0.36	0.08	-0.78	0.27
Non Current Liabilities Total	0.29	0.76	0.92	0.62	-0.93	-0.44	0.31	0.98	0.51	-0.53	-0.4	0.67	0.28	-0.7	-0.32		-0.32	0.69	-0.94	0.95	0.63	0.89	0.8	0.45	0.51	0.22
Inventory	-0.36	-0.57	-0.29	-0.21	0.51	0.12	-0.41	-0.29	-0.25	0.78	0.86	-0.33	-0.05	0.58	0.91	-0.32		-0.29	0.45	-0.31	-0.52	-0.38	-0.39	0.01	-0.74	0.16
Other Current Assets	0.78	0.74	0.78	0.57	-0.61	-0.79	0.6	0.68	0.73	-0.67	-0.55	0.96	0.79	-0.79	-0.37	0.69	-0.29		-0.76	0.71	0.79	0.73	0.92	0.45	0.7	0.24
Other Stockholder Equity	-0.54	-0.9	-0.94	-0.74	0.97	0.53	-0.48	-0.97	-0.53	0.6	0.6	-0.75	-0.32	0.87	0.5	-0.94	0.45	-0.76		-0.95	-0.79	-0.83	-0.86	-0.49	-0.59	-0.3
Total Liab	0.47	0.87	0.98	0.83	-0.93	-0.41	0.29	0.98	0.43	-0.42	-0.38	0.74	0.19	-0.83	-0.29	0.95	-0.31	0.71	-0.95		0.73	0.82	0.88	0.67	0.4	0.49
Net Invested Capital	0.85	0.94	0.71	0.72	-0.68	-0.75	0.77	0.69	0.71	-0.57	-0.63	0.9	0.43	-0.85	-0.47	0.63	-0.52	0.79	-0.79	0.73		0.75	0.87	0.44	0.64	0.4
Property Plant And Equipment Gross	0.39	0.74	0.75	0.48	-0.76	-0.67	0.58	0.86	0.81	-0.63	-0.44	0.78	0.44	-0.61	-0.3	0.89	-0.38	0.73	-0.83	0.82	0.75		0.81	0.26	0.67	0.12
Total Current Assets	0.75	0.89	0.9	0.79	-0.76	-0.63	0.48	0.81	0.63	-0.59	-0.51	0.95	0.49	-0.9	-0.36	0.8	-0.39	0.92	-0.86	0.88	0.87	0.81		0.66	0.6	0.48
Non Current Liabilities Other	0.49	0.59	0.71	0.9	-0.46	-0.02	-0.18	0.52	-0.07	0.09	0.03	0.52	-0.1	-0.66	0.08	0.45	0.01	0.45	-0.49	0.67	0.44	0.26	0.66		-0.15	0.92
Net Working Capital	0.51	0.56	0.41	0.09	-0.52	-0.65	0.73	0.44	0.74	-0.98	-0.87	0.65	0.68	-0.57	-0.78	0.51	-0.74	0.7	-0.59	0.4	0.64	0.67	0.6	-0.15		-0.36
Short Term Debt	0.47	0.49	0.49	0.85	-0.26	-0.02	-0.12	0.34	-0.1	0.35	0.2	0.39	-0.24	-0.49	0.27	0.22	0.16	0.24	-0.3	0.49	0.4	0.12	0.48	0.92	-0.36

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Envista Holdings Account Relationship Matchups

Envista Holdings fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	6.2B	6.9B	6.6B	6.6B	6.6B	7.0B
Other Current Liab	418M	481.7M	505.8M	392.5M	349.3M	378.1M
Total Current Liabilities	709.2M	1.7B	1.2B	1.2B	780.8M	1.1B
Total Stockholder Equity	3.5B	3.7B	4.1B	4.2B	4.2B	3.4B
Other Liab	399.3M	408.8M	304.6M	151.3M	136.2M	267.8M
Net Tangible Assets	(1.1B)	(815.5M)	(120.8M)	3.2B	3.7B	3.9B
Property Plant And Equipment Net	490.4M	468.3M	392.2M	425.4M	434.7M	424.9M
Current Deferred Revenue	52.6M	48.6M	60.1M	78.9M	106.4M	71.8M
Retained Earnings	93.1M	126.4M	466.9M	731.4M	631.2M	322.0M
Accounts Payable	208M	235.1M	185.8M	228.3M	179.5M	168.7M
Cash	211.2M	888.9M	1.1B	606.9M	940M	584.7M
Non Current Assets Total	5.2B	5.3B	4.7B	5.2B	4.9B	4.1B
Non Currrent Assets Other	74.4M	127.3M	167.8M	153.7M	180.5M	135.5M
Other Assets	74.4M	70K	167.8M	153.7M	176.8M	101.7M
Long Term Debt	1.3B	907.7M	883.4M	870.7M	1.4B	845.6M
Cash And Short Term Investments	211.2M	888.9M	1.1B	606.9M	940M	584.7M
Net Receivables	443.6M	361M	331.9M	393.5M	407.5M	326.9M
Good Will	3.3B	3.4B	3.1B	3.5B	3.3B	2.7B
Long Term Debt Total	1.3B	907.7M	883.4M	870.7M	1.0B	730.2M
Liabilities And Stockholders Equity	6.2B	6.9B	6.6B	6.6B	6.6B	7.0B
Non Current Liabilities Total	1.9B	1.5B	1.3B	1.1B	1.7B	1.3B
Capital Surpluse	3.6B	3.7B	3.7B	3.7B	4.3B	2.7B
Capital Lease Obligations	212.7M	186.3M	144.1M	148.4M	140.2M	130.7M
Inventory	277.9M	266.9M	263.8M	300.8M	258.8M	219.7M
Other Current Assets	69.2M	73.7M	154.3M	123.4M	137.4M	104.0M
Other Stockholder Equity	3.6B	3.7B	3.7B	3.7B	3.8B	3.2B
Total Liab	2.6B	3.2B	2.5B	2.4B	2.4B	2.4B
Net Invested Capital	4.9B	5.5B	5.4B	5.6B	5.7B	5.8B
Property Plant And Equipment Gross	490.4M	468.3M	392.2M	425.4M	775.7M	478.5M
Short Long Term Debt	3.9M	886.8M	432.4M	510M	115.3M	109.5M
Total Current Assets	1.0B	1.6B	1.8B	1.4B	1.7B	1.4B
Accumulated Other Comprehensive Income	(144.2M)	(91.8M)	(143.5M)	(225.1M)	(217.2M)	(206.3M)
Non Current Liabilities Other	13.5M	408.8M	304.6M	151.3M	7.8M	7.4M
Net Working Capital	292.7M	(94.2M)	628M	187.9M	962.9M	1.0B
Short Term Debt	30.6M	919.3M	456.1M	537M	145.6M	138.3M
Intangible Assets	1.3B	1.3B	1.0B	1.1B	954M	975.8M
Property Plant Equipment	490.4M	303M	392.2M	293.6M	337.6M	361.5M

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