Nvent Electric Plc Stock Cash And Equivalents

NVT Stock

USD 76.63 2.85 3.59%

nVent Electric PLC fundamentals help investors to digest information that contributes to NVent Electric's financial success or failures. It also enables traders to predict the movement of NVent Stock. The fundamental analysis module provides a way to measure NVent Electric's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to NVent Electric stock.

		Last Reported	Projected for Next Year
	Cash And Equivalents	342.1 M	359.2 M

Cash And Equivalents is likely to gain to about 359.2 M in 2024.

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nVent Electric PLC Company Cash And Equivalents Analysis

NVent Electric's Cash or Cash Equivalents are the most liquid of all assets found on the company's balance sheet. It is used in calculating many of the firm's liquidity ratios and is a good indicator of the overall financial health of a company. Companies with a lot of cash are usually attractive takeover targets. Cash Equivalents are balance sheet items that are typically reported using currency printed on notes.

Cash

Bank Deposits

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Liquidities

More About Cash And Equivalents | All Equity Analysis

Current NVent Electric Cash And Equivalents

297.5 M

Most of NVent Electric's fundamental indicators, such as Cash And Equivalents, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, nVent Electric PLC is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

NVent Cash And Equivalents Driver Correlations

Understanding the fundamental principles of building solid financial models for NVent Electric is extremely important. It helps to project a fair market value of NVent Stock properly, considering its historical fundamentals such as Cash And Equivalents. Since NVent Electric's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of NVent Electric's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of NVent Electric's interrelated accounts and indicators.

	Total Assets	Total Stockholder Equity	Net Tangible Assets	Accounts Payable	Net Receivables	Good Will	Total Liab	Total Current Assets	Intangible Assets	Common Stock	Property Plant Equipment	Current Deferred Revenue	Net Debt	Cash And Equivalents	Short Term Debt	Net Invested Capital	Net Working Capital	Retained Earnings	Capital Surpluse	Deferred Long Term Liab	Short Long Term Debt	Capital Stock
Total Assets		-0.16	-0.3	0.71	0.92	0.88	0.7	0.81	0.15	-0.42	0.79	0.78	0.71	0.77	-0.2	0.33	0.81	0.9	-0.76	-0.82	0.77	-0.73
Total Stockholder Equity	-0.16		-0.01	-0.63	0.06	0.0	-0.74	-0.51	0.78	0.93	-0.55	-0.6	-0.79	-0.61	0.96	0.28	-0.18	-0.39	0.67	0.33	-0.2	0.61
Net Tangible Assets	-0.3	-0.01		-0.31	-0.35	-0.41	-0.16	-0.27	-0.07	0.1	-0.17	-0.28	-0.17	-0.16	0.12	0.11	-0.25	-0.3	0.13	0.27	0.18	0.11
Accounts Payable	0.71	-0.63	-0.31		0.66	0.38	0.9	0.93	-0.39	-0.81	0.89	0.97	0.83	0.77	-0.69	-0.33	0.64	0.71	-0.81	-0.69	0.4	-0.67
Net Receivables	0.92	0.06	-0.35	0.66		0.74	0.52	0.75	0.29	-0.2	0.65	0.7	0.48	0.59	-0.01	0.12	0.77	0.78	-0.61	-0.79	0.55	-0.54
Good Will	0.88	0.0	-0.41	0.38	0.74		0.42	0.5	0.27	-0.18	0.49	0.47	0.57	0.6	0.02	0.65	0.59	0.83	-0.62	-0.74	0.67	-0.69
Total Liab	0.7	-0.74	-0.16	0.9	0.52	0.42		0.89	-0.32	-0.92	0.91	0.94	0.92	0.81	-0.82	-0.14	0.62	0.69	-0.81	-0.58	0.62	-0.7
Total Current Assets	0.81	-0.51	-0.27	0.93	0.75	0.5	0.89		-0.25	-0.74	0.94	0.98	0.8	0.89	-0.6	-0.17	0.87	0.8	-0.8	-0.72	0.61	-0.67
Intangible Assets	0.15	0.78	-0.07	-0.39	0.29	0.27	-0.32	-0.25		0.63	-0.28	-0.32	-0.47	-0.41	0.66	0.37	-0.01	-0.19	0.44	0.18	0.15	0.42
Common Stock	-0.42	0.93	0.1	-0.81	-0.2	-0.18	-0.92	-0.74	0.63		-0.78	-0.82	-0.9	-0.75	0.96	0.24	-0.43	-0.54	0.74	0.44	-0.41	0.65
Property Plant Equipment	0.79	-0.55	-0.17	0.89	0.65	0.49	0.91	0.94	-0.28	-0.78		0.95	0.83	0.84	-0.62	-0.08	0.78	0.76	-0.81	-0.59	0.72	-0.7
Current Deferred Revenue	0.78	-0.6	-0.28	0.97	0.7	0.47	0.94	0.98	-0.32	-0.82	0.95		0.86	0.86	-0.68	-0.21	0.77	0.77	-0.82	-0.69	0.57	-0.7
Net Debt	0.71	-0.79	-0.17	0.83	0.48	0.57	0.92	0.8	-0.47	-0.9	0.83	0.86		0.88	-0.76	0.09	0.57	0.83	-0.93	-0.73	0.62	-0.9
Cash And Equivalents	0.77	-0.61	-0.16	0.77	0.59	0.6	0.81	0.89	-0.41	-0.75	0.84	0.86	0.88		-0.6	0.12	0.84	0.9	-0.89	-0.79	0.69	-0.85
Short Term Debt	-0.2	0.96	0.12	-0.69	-0.01	0.02	-0.82	-0.6	0.66	0.96	-0.62	-0.68	-0.76	-0.6		0.4	-0.28	-0.35	0.59	0.27	-0.21	0.49
Net Invested Capital	0.33	0.28	0.11	-0.33	0.12	0.65	-0.14	-0.17	0.37	0.24	-0.08	-0.21	0.09	0.12	0.4		0.08	0.3	-0.09	-0.2	0.53	-0.29
Net Working Capital	0.81	-0.18	-0.25	0.64	0.77	0.59	0.62	0.87	-0.01	-0.43	0.78	0.77	0.57	0.84	-0.28	0.08		0.78	-0.62	-0.66	0.69	-0.55
Retained Earnings	0.9	-0.39	-0.3	0.71	0.78	0.83	0.69	0.8	-0.19	-0.54	0.76	0.77	0.83	0.9	-0.35	0.3	0.78		-0.92	-0.93	0.68	-0.92
Capital Surpluse	-0.76	0.67	0.13	-0.81	-0.61	-0.62	-0.81	-0.8	0.44	0.74	-0.81	-0.82	-0.93	-0.89	0.59	-0.09	-0.62	-0.92		0.86	-0.6	0.97
Deferred Long Term Liab	-0.82	0.33	0.27	-0.69	-0.79	-0.74	-0.58	-0.72	0.18	0.44	-0.59	-0.69	-0.73	-0.79	0.27	-0.2	-0.66	-0.93	0.86		-0.46	0.86
Short Long Term Debt	0.77	-0.2	0.18	0.4	0.55	0.67	0.62	0.61	0.15	-0.41	0.72	0.57	0.62	0.69	-0.21	0.53	0.69	0.68	-0.6	-0.46		-0.61
Capital Stock	-0.73	0.61	0.11	-0.67	-0.54	-0.69	-0.7	-0.67	0.42	0.65	-0.7	-0.7	-0.9	-0.85	0.49	-0.29	-0.55	-0.92	0.97	0.86	-0.61

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NVent Cash And Equivalents Historical Pattern

Today, most investors in NVent Electric Stock are looking for potential investment opportunities by analyzing not only static indicators but also various NVent Electric's growth ratios. Consistent increases or drops in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's cash and equivalents growth rates may not be enough to decide which company is a better investment. That's why investors frequently use a static breakdown of NVent Electric cash and equivalents as a starting point in their analysis.

NVent Electric Cash And Equivalents

Timeline

Cash equivalents represent current assets that are easily convertible to cash such as short term bonds, savings account, money market funds, or certificate of deposits (CDs). One of the important consideration companies make when classifying assets as cash equivalent is that investments they report on their balance sheets under current assets should have almost no risk of change in value over the next few months (usually three months).

Competition

Predict NVent Electric

Cash And Equivalents Over Time

In accordance with the recently published financial statements, nVent Electric PLC has 297.5 M in Cash And Equivalents. This is 24.3% lower than that of the Electrical Equipment sector and significantly higher than that of the Industrials industry. The cash and equivalents for all United States stocks is 88.99% higher than that of the company.

NVent Cash And Equivalents Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses NVent Electric's direct or indirect competition against its Cash And Equivalents to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of NVent Electric could also be used in its relative valuation, which is a method of valuing NVent Electric by comparing valuation metrics of similar companies.

NVent Electric is currently under evaluation in cash and equivalents category among its peers.

NVent Electric ESG Sustainability

Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, NVent Electric's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to NVent Electric's managers, analysts, and investors.

Environmental

Governance

Social

NVent Fundamentals

	Return On Equity	0.19
	Return On Asset	0.0712
	Profit Margin	0.17 %
	Operating Margin	0.18 %
	Current Valuation	14.88 B
	Shares Outstanding	166.02 M
	Shares Owned By Insiders	1.03 %
	Shares Owned By Institutions	93.36 %
	Number Of Shares Shorted	2.24 M
	Price To Earning	19.99 X
	Price To Book	3.92 X
	Price To Sales	3.77 X
	Revenue	3.26 B
	Gross Profit	1.1 B
	EBITDA	587.4 M
	Net Income	567.1 M
	Cash And Equivalents	297.5 M
	Cash Per Share	1.16 X
	Total Debt	1.9 B
	Debt To Equity	0.44 %
	Current Ratio	1.88 X
	Book Value Per Share	19.35 X
	Cash Flow From Operations	528.1 M
	Short Ratio	1.27 X
	Earnings Per Share	3.43 X
	Price To Earnings To Growth	1.97 X
	Target Price	87.65
	Number Of Employees	11.3 K
	Beta	1.34
	Market Capitalization	13.2 B
	Total Asset	6.16 B
	Retained Earnings	905.3 M
	Working Capital	602.5 M
	Current Asset	811.11 M
	Current Liabilities	440.24 M
	Annual Yield	0.01 %
	Net Asset	6.16 B
	Last Dividend Paid	0.73

About NVent Electric Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze nVent Electric PLC's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of NVent Electric using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of nVent Electric PLC based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.

Please read more on our fundamental analysis page.

Pair Trading with NVent Electric

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

Moving together with NVent Stock

0.82	BE	Bloom Energy Corp	Pair Corr
0.73	ROBOF	RoboGroup TEK	Pair Corr

Moving against NVent Stock

0.66	ELVA	Electrovaya Common Shares Earnings Call This Week	Pair Corr
0.64	EOSE	Eos Energy Enterprises Earnings Call This Week	Pair Corr
0.6	EPOW	Sunrise New Energy	Pair Corr
0.59	EVRC	Evercel	Pair Corr
0.59	FCEL	FuelCell Energy Earnings Call This Week	Pair Corr

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

The correlation of NVent Electric 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 NVent Electric moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if nVent Electric PLC 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 NVent Electric 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 NVent Stock Analysis

When running NVent Electric's price analysis, check to measure NVent Electric'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 NVent Electric is operating at the current time. Most of NVent Electric's value examination focuses on studying past and present price action to predict the probability of NVent Electric's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NVent Electric's price. Additionally, you may evaluate how the addition of NVent Electric to your portfolios can decrease your overall portfolio volatility.

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