Altice Cash And Short Term Investments vs Total Assets Analysis
ATUS Stock | USD 2.46 0.13 5.02% |
Altice USA financial indicator trend analysis is way more than just evaluating Altice USA prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Altice USA is a good investment. Please check the relationship between Altice USA Cash And Short Term Investments and its Total Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Altice USA. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment. For more information on how to buy Altice Stock please use our How to Invest in Altice USA guide.
Cash And Short Term Investments vs Total Assets
Cash And Short Term Investments vs Total Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Altice USA Cash And Short Term Investments account and Total Assets. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Altice USA's Cash And Short Term Investments and Total Assets is -0.58. Overlapping area represents the amount of variation of Cash And Short Term Investments that can explain the historical movement of Total Assets in the same time period over historical financial statements of Altice USA, assuming nothing else is changed. The correlation between historical values of Altice USA's Cash And Short Term Investments 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 Cash And Short Term Investments of Altice USA 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 Cash And Short Term Investments i.e., Altice USA's Cash And Short Term Investments and Total Assets go up and down completely randomly.
Correlation Coefficient | -0.58 |
Relationship Direction | Negative |
Relationship Strength | Very Weak |
Cash And Short Term Investments
Short Term Investments is an account in the current assets section of Altice USA balance sheet. This account contains Altice USA investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Altice USA 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.Total Assets
Total assets refers to the total amount of Altice USA 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 Altice USA 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 Altice USA's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Altice USA 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 Altice USA. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment. For more information on how to buy Altice Stock please use our How to Invest in Altice USA guide.At this time, Altice USA's Tax Provision is comparatively stable compared to the past year. Enterprise Value Over EBITDA is likely to gain to 10.90 in 2024, despite the fact that Discontinued Operations is likely to grow to (10.7 M).
2020 | 2021 | 2023 | 2024 (projected) | Gross Profit | 6.7B | 6.4B | 4.6B | 4.5B | Total Revenue | 10.1B | 9.6B | 9.2B | 7.7B |
Altice USA fundamental ratios Correlations
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Altice USA Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Altice USA fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 33.6B | 33.4B | 33.2B | 33.7B | 32.7B | 19.0B | |
Other Current Liab | 865.0M | 947.0M | 699.8M | 670.3M | 878.8M | 806.7M | |
Other Liab | 5.2B | 5.5B | 5.4B | 5.4B | 6.2B | 6.5B | |
Accounts Payable | 857.5M | 795.6M | 1.0B | 1.2B | 937.0M | 654.0M | |
Cash | 298.8M | 278.4M | 195.7M | 305.5M | 302.3M | 451.3M | |
Other Assets | 2.0B | 15.7B | 2.2B | 74.1M | 85.2M | 80.9M | |
Long Term Debt | 24.2B | 25.5B | 25.5B | 24.4B | 24.6B | 15.9B | |
Total Liab | 29.9B | 34.6B | 34.1B | 34.2B | 33.2B | 21.3B | |
Intangible Assets | 17.2B | 15.8B | 15.4B | 14.9B | 14.5B | 7.5B | |
Common Stock | 7.1M | 4.8M | 4.5M | 4.6M | 4.6M | 4.2M | |
Property Plant Equipment | 6.0B | 5.8B | 6.3B | 7.5B | 8.6B | 4.9B | |
Total Current Liabilities | 2.0B | 3.1B | 2.7B | 4.0B | 2.3B | 2.6B | |
Other Current Assets | 200.3M | 182.9M | 1.9B | 130.7M | 174.5M | 165.7M | |
Good Will | 8.0B | 8.2B | 8.2B | 8.2B | 8.0B | 8.4B | |
Short Term Investments | 0.0 | 2.0M | 5.1M | 1.5B | 1.7B | 1.8B | |
Total Stockholder Equity | 3.7B | (1.1B) | (819.8M) | (475.2M) | (422.2M) | (443.3M) | |
Property Plant And Equipment Net | 5.8B | 6.0B | 6.6B | 7.8B | 8.4B | 6.1B | |
Net Debt | 22.5B | 26.7B | 26.6B | 26.5B | 25.1B | 20.7B | |
Retained Earnings | 251.8M | (985.6M) | (848.8M) | (654.3M) | (601.1M) | (631.1M) | |
Non Current Assets Total | 32.7B | 32.4B | 32.4B | 31.1B | 31.9B | 25.6B | |
Non Currrent Assets Other | 2.3B | 2.2B | (2.7B) | (800.2M) | 81.9M | 77.8M | |
Cash And Short Term Investments | 298.8M | 278.4M | 195.7M | 305.5M | 302.3M | 359.4M | |
Net Receivables | 466.0M | 446.8M | 410.7M | 366.0M | 358.0M | 396.7M | |
Common Stock Shares Outstanding | 662.5M | 583.7M | 462.3M | 453.3M | 455.0M | 537.2M | |
Non Current Liabilities Total | 27.9B | 31.5B | 31.4B | 30.1B | 30.8B | 25.6B | |
Other Stockholder Equity | (272.4M) | (7.8M) | 182.7M | 154M | 187.2M | 177.8M | |
Total Current Assets | 903.3M | 976.6M | 789.6M | 2.6B | 834.8M | 1.2B | |
Short Long Term Debt Total | 22.8B | 27.0B | 26.8B | 26.8B | 25.4B | 23.1B | |
Liabilities And Stockholders Equity | 33.6B | 33.4B | 33.2B | 33.7B | 32.7B | 29.2B | |
Inventory | 2.2M | 51.0M | 264K | (3.0M) | 1.8B | 0.95 | |
Accumulated Other Comprehensive Income | (11.8M) | 3.6M | 6.5M | (8.2M) | (12.9M) | (13.5M) | |
Short Term Debt | 158.6M | 1.2B | 917.3M | 2.1B | 407.4M | 387.0M | |
Net Tangible Assets | (22.4B) | (12.1B) | (11.2B) | (23.6B) | (21.2B) | (22.3B) | |
Short Long Term Debt | 148.7M | 1.2B | 808.1M | 1.9B | 235.8M | 224.0M | |
Current Deferred Revenue | 140.1M | 109.8M | 94.9M | 80.6M | 85.0M | 79.7M | |
Long Term Debt Total | 21.3B | 22.7B | 24.2B | 25.5B | 29.3B | 25.6B | |
Capital Surpluse | 3.4B | 2.0B | 18.0M | 182.7M | 164.4M | 156.2M | |
Capital Lease Obligations | 291.1M | 320.9M | 456.0M | 504.8M | 493.0M | 294.4M |
Pair Trading with Altice USA
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 Altice USA 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 Altice USA will appreciate offsetting losses from the drop in the long position's value.Moving against Altice Stock
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The ability to find closely correlated positions to Altice USA could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Altice USA 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 Altice USA - 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 Altice USA to buy it.
The correlation of Altice USA 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 Altice USA moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Altice USA 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 Altice USA 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.Additional Tools for Altice Stock Analysis
When running Altice USA's price analysis, check to measure Altice USA'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 Altice USA is operating at the current time. Most of Altice USA's value examination focuses on studying past and present price action to predict the probability of Altice USA's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Altice USA's price. Additionally, you may evaluate how the addition of Altice USA to your portfolios can decrease your overall portfolio volatility.