Viavi Common Stock Shares Outstanding vs Total Assets Analysis

VIAV Stock  USD 10.39  0.23  2.17%   
Viavi Solutions financial indicator trend analysis is much more than just breaking down Viavi Solutions prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Viavi Solutions is a good investment. Please check the relationship between Viavi Solutions Common Stock Shares Outstanding and its Total Assets accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Viavi Solutions. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.
For more information on how to buy Viavi Stock please use our How to Invest in Viavi Solutions guide.

Common Stock Shares Outstanding vs Total Assets

Common Stock Shares Outstanding vs Total Assets Correlation Analysis

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

Correlation Coefficient

0.87
Relationship DirectionPositive 
Relationship StrengthStrong

Common Stock Shares Outstanding

The total number of shares of a company's common stock that are currently owned by all its shareholders.

Total Assets

Total assets refers to the total amount of Viavi Solutions assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Viavi Solutions books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.
Most indicators from Viavi Solutions' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Viavi Solutions 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Viavi Solutions. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.
For more information on how to buy Viavi Stock please use our How to Invest in Viavi Solutions guide.At this time, Viavi Solutions' Selling General Administrative is fairly stable compared to the past year. Enterprise Value Over EBITDA is likely to climb to 23.74 in 2024, despite the fact that Discontinued Operations is likely to grow to (2.1 M).
 2021 2022 2023 2024 (projected)
Gross Profit773.5M638.8M575.9M472.1M
Total Revenue1.3B1.1B1.0B1.1B

Viavi Solutions fundamental ratios Correlations

0.630.420.570.770.770.3-0.930.640.540.750.270.710.740.870.590.660.370.880.830.380.890.280.37-0.160.2
0.630.320.190.170.210.51-0.58-0.060.80.370.110.670.170.580.93-0.040.540.610.930.060.590.10.060.030.09
0.420.320.790.170.350.09-0.490.150.450.470.70.090.520.450.090.360.440.470.510.290.240.640.3-0.11-0.47
0.570.190.790.550.52-0.05-0.540.550.290.410.520.270.680.54-0.080.630.290.540.460.090.50.890.50.11-0.01
0.770.170.170.550.8-0.1-0.720.880.160.410.210.480.830.780.180.83-0.040.750.460.130.770.350.540.160.45
0.770.210.350.520.80.29-0.740.810.050.720.40.230.920.690.230.910.320.70.480.540.570.180.3-0.260.07
0.30.510.09-0.05-0.10.29-0.180.06-0.050.52-0.010.040.130.060.50.070.420.110.420.370.06-0.25-0.05-0.37-0.04
-0.93-0.58-0.49-0.54-0.72-0.74-0.18-0.5-0.59-0.72-0.38-0.6-0.75-0.96-0.59-0.61-0.38-0.97-0.81-0.41-0.8-0.25-0.360.15-0.02
0.64-0.060.150.550.880.810.06-0.5-0.20.460.20.240.820.5-0.080.91-0.140.480.220.220.570.310.530.00.43
0.540.80.450.290.160.05-0.05-0.59-0.20.190.220.720.090.610.71-0.110.470.610.79-0.020.60.280.010.1-0.06
0.750.370.470.410.410.720.52-0.720.460.190.320.170.660.550.380.590.430.580.560.680.40.070.27-0.52-0.34
0.270.110.70.520.210.4-0.01-0.380.20.220.32-0.10.540.410.040.420.360.410.320.090.110.350.090.14-0.4
0.710.670.090.270.480.230.04-0.60.240.720.17-0.10.150.590.60.120.210.580.680.020.910.180.050.020.56
0.740.170.520.680.830.920.13-0.750.820.090.660.540.150.760.150.920.190.760.50.340.530.390.55-0.02-0.01
0.870.580.450.540.780.690.06-0.960.50.610.550.410.590.760.590.580.31.00.820.190.780.320.440.10.11
0.590.930.09-0.080.180.230.5-0.59-0.080.710.380.040.60.150.59-0.060.430.610.850.110.53-0.220.01-0.020.07
0.66-0.040.360.630.830.910.07-0.610.91-0.110.590.420.120.920.58-0.060.080.580.280.350.50.320.51-0.080.12
0.370.540.440.29-0.040.320.42-0.38-0.140.470.430.360.210.190.30.430.080.330.540.260.230.18-0.38-0.22-0.34
0.880.610.470.540.750.70.11-0.970.480.610.580.410.580.761.00.610.580.330.830.240.770.310.430.050.08
0.830.930.510.460.460.480.42-0.810.220.790.560.320.680.50.820.850.280.540.830.150.740.280.280.040.06
0.380.060.290.090.130.540.37-0.410.22-0.020.680.090.020.340.190.110.350.260.240.150.15-0.23-0.18-0.92-0.33
0.890.590.240.50.770.570.06-0.80.570.60.40.110.910.530.780.530.50.230.770.740.150.30.270.010.52
0.280.10.640.890.350.18-0.25-0.250.310.280.070.350.180.390.32-0.220.320.180.310.28-0.230.30.420.350.03
0.370.060.30.50.540.3-0.05-0.360.530.010.270.090.050.550.440.010.51-0.380.430.28-0.180.270.420.370.11
-0.160.03-0.110.110.16-0.26-0.370.150.00.1-0.520.140.02-0.020.1-0.02-0.08-0.220.050.04-0.920.010.350.370.33
0.20.09-0.47-0.010.450.07-0.04-0.020.43-0.06-0.34-0.40.56-0.010.110.070.12-0.340.080.06-0.330.520.030.110.33
Click cells to compare fundamentals

Viavi Solutions Account Relationship Matchups

Viavi Solutions fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets1.8B2.0B1.8B1.9B1.7B2.2B
Short Long Term Debt Total603.7M669.8M684.9M725.7M687.2M473.4M
Other Current Liab122.4M188.4M130.4M102.7M115.9M104.5M
Total Current Liabilities232.8M705M369.3M343.5M247.1M350.9M
Total Stockholder Equity711.4M774.8M671.7M690.8M681.6M647.5M
Property Plant And Equipment Net172.5M196M228.9M243M264M244.4M
Net Debt64.7M(28M)125M219.2M215.9M226.7M
Retained Earnings(69.4B)(69.4B)(69.5B)(69.6B)(69.6B)(73.1B)
Accounts Payable53M63.2M58.3M47.2M50.4M80.6M
Cash539M697.8M559.9M506.5M471.3M384M
Non Current Assets Total862.7M849.3M822.8M905.5M859.8M1.4B
Non Currrent Assets Other54.8M52.8M55.9M56.8M22.2M21.1M
Cash And Short Term Investments540.5M699.4M561.3M521.1M491.2M779.9M
Net Receivables235.5M256.5M260.9M231.2M244.9M214.0M
Common Stock Shares Outstanding233.7M236.3M238.2M226.6M222.6M182.5M
Liabilities And Stockholders Equity1.8B2.0B1.8B1.9B1.7B2.2B
Non Current Liabilities Total832.1M481.6M786.9M816.2M807.6M539.0M
Inventory83.3M94.9M110.1M116.1M96.5M123.0M
Other Current Assets8.7M61.3M72.8M76.6M44.6M50.9M
Other Stockholder Equity70.3B70.2B70.4B70.4B70.5B56.7B
Total Liab1.1B1.2B1.2B1.2B1.1B889.9M
Property Plant And Equipment Gross213M196M228.9M243M672.5M706.1M
Total Current Assets913.6M1.1B1.0B945M876.5M1.2B
Accumulated Other Comprehensive Income(165.9M)(97.2M)(156.4M)(136M)(144M)(136.8M)
Short Term Debt2.8M468.3M78.5M106.3M9.8M9.3M
Intangible Assets148.1M88M54.2M58.6M38.2M36.3M
Other Liab201M186.9M226M170.4M196.0M131.7M
Other Assets121.2M115.7M168.8M152.1M136.9M121.0M
Long Term Debt600.9M255.6M616.5M629.5M636M489.2M
Property Plant Equipment213M196M228.9M243M218.7M227.0M
Good Will381.4M396.5M387.6M455.2M452.9M477.1M
Current Deferred Revenue55.3M54.6M69.7M81M65.7M67.4M
Net Tangible Assets181.9M290.3M229.9M632.2M569.0M385.8M
Retained Earnings Total Equity(69.4B)(69.4B)(69.5B)(69.6B)(62.6B)(65.8B)
Long Term Debt Total600.9M255.6M616.5M629.5M723.9M614.3M
Capital Surpluse70.3B70.3B70.4B70.4B81.0B77.1B
Non Current Liabilities Other40.3M226M170.4M186.7M16.8M16.0M

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