Celanese Good Will vs Cash And Short Term Investments Analysis
CE Stock | USD 152.87 1.28 0.84% |
Celanese financial indicator trend analysis is way more than just evaluating Celanese prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Celanese is a good investment. Please check the relationship between Celanese Good Will 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 Celanese. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income. For information on how to trade Celanese Stock refer to our How to Trade Celanese Stock guide.
Good Will vs Cash And Short Term Investments
Good Will 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 Celanese Good Will account and Cash And Short Term Investments. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Celanese's Good Will and Cash And Short Term Investments is 0.59. Overlapping area represents the amount of variation of Good Will that can explain the historical movement of Cash And Short Term Investments in the same time period over historical financial statements of Celanese, assuming nothing else is changed. The correlation between historical values of Celanese's Good Will 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 Good Will of Celanese 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 Good Will i.e., Celanese's Good Will and Cash And Short Term Investments go up and down completely randomly.
Correlation Coefficient | 0.59 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Good Will
An intangible asset that arises when a company acquires another business for more than the fair market value of its net identifiable assets, representing the value of the brand, customer base, and other intangible factors.Cash And Short Term Investments
Short Term Investments is an account in the current assets section of Celanese balance sheet. This account contains Celanese investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Celanese 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 Celanese's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Celanese 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 Celanese. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income. For information on how to trade Celanese Stock refer to our How to Trade Celanese Stock guide.At present, Celanese's Enterprise Value Multiple is projected to increase significantly based on the last few years of reporting. The current year's Enterprise Value is expected to grow to about 30.7 B, whereas Discontinued Operations is forecasted to decline to (7.6 M).
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 2.7B | 2.4B | 2.4B | 1.7B | Total Revenue | 8.5B | 9.7B | 10.9B | 6.9B |
Celanese fundamental ratios Correlations
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Celanese Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Celanese fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 9.5B | 10.9B | 12.0B | 26.3B | 26.6B | 27.9B | |
Total Stockholder Equity | 2.5B | 3.5B | 4.2B | 5.6B | 7.1B | 7.4B | |
Other Assets | 434M | 1.2B | 769M | 1.4B | 1.2B | 974.8M | |
Common Stock Shares Outstanding | 124.7M | 118.5M | 112.1M | 109.2M | 109.4M | 145.0M | |
Liabilities And Stockholders Equity | 9.5B | 10.9B | 12.0B | 26.3B | 26.6B | 27.9B | |
Other Stockholder Equity | (3.6B) | (4.2B) | (5.2B) | (5.1B) | (5.1B) | (4.8B) | |
Total Liab | 6.6B | 7.0B | 7.4B | 20.2B | 19.0B | 20.0B | |
Short Long Term Debt Total | 4.1B | 3.9B | 4.2B | 15.0B | 14.1B | 14.8B | |
Other Current Liab | 461M | 680M | 473M | 436M | 1.1B | 1.1B | |
Total Current Liabilities | 1.8B | 2.0B | 2.5B | 4.1B | 4.1B | 2.1B | |
Other Liab | 1.2B | 1.6B | 1.6B | 2.4B | 2.1B | 1.5B | |
Property Plant And Equipment Net | 3.9B | 4.2B | 4.4B | 6.0B | 6.0B | 3.7B | |
Current Deferred Revenue | 78M | 17M | 81M | 808M | 25M | 23.8M | |
Net Debt | 3.6B | 3.0B | 3.6B | 13.5B | 12.3B | 12.9B | |
Retained Earnings | 6.4B | 8.1B | 9.7B | 11.3B | 12.9B | 13.6B | |
Accounts Payable | 780M | 797M | 1.2B | 1.5B | 1.5B | 895.1M | |
Cash | 463M | 955M | 536M | 1.5B | 1.8B | 1.9B | |
Non Current Assets Total | 6.7B | 7.1B | 8.2B | 19.7B | 20.4B | 21.4B | |
Long Term Debt | 3.4B | 3.2B | 3.2B | 13.4B | 12.3B | 12.9B | |
Cash And Short Term Investments | 503M | 1.5B | 546M | 1.5B | 1.8B | 939.6M | |
Net Receivables | 1.2B | 1.2B | 1.7B | 2.1B | 1.8B | 1.4B | |
Good Will | 1.1B | 1.2B | 1.4B | 7.1B | 7.0B | 7.3B | |
Non Current Liabilities Total | 4.8B | 5.0B | 4.9B | 16.1B | 15.0B | 15.7B | |
Inventory | 1.0B | 978M | 1.5B | 2.8B | 2.4B | 2.5B | |
Other Current Assets | 43M | 55M | 70M | 241M | 272M | 285.6M | |
Property Plant And Equipment Gross | 3.9B | 4.2B | 4.2B | 5.6B | 10.1B | 10.6B | |
Total Current Assets | 2.8B | 3.8B | 3.8B | 6.6B | 6.2B | 3.5B | |
Accumulated Other Comprehensive Income | (300M) | (328M) | (329M) | (518M) | (744M) | (706.8M) | |
Treasury Stock | (3.8B) | (4.5B) | (5.5B) | (5.5B) | (4.9B) | (4.7B) | |
Intangible Assets | 312M | 319M | 735M | 4.1B | 4.0B | 4.2B | |
Common Stock | 16.9K | 16.9K | 17.0K | 17.0K | 15.3K | 14.5K | |
Property Plant Equipment | 3.7B | 3.9B | 4.4B | 5.6B | 6.4B | 3.5B | |
Short Term Investments | 31M | 40M | 533M | 10M | 11.5M | 10.9M | |
Net Tangible Assets | 1.3B | 2.2B | 2.0B | 6.0B | 6.9B | 7.2B | |
Noncontrolling Interest In Consolidated Entity | 391M | 369M | 348M | 468M | 538.2M | 277.1M | |
Retained Earnings Total Equity | 6.4B | 8.1B | 9.7B | 11.3B | 13.0B | 13.6B | |
Long Term Debt Total | 3.4B | 3.2B | 3.2B | 13.4B | 15.4B | 16.1B |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Celanese is a strong investment it is important to analyze Celanese's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Celanese's future performance. For an informed investment choice regarding Celanese Stock, refer to the following important reports:Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Celanese. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income. For information on how to trade Celanese Stock refer to our How to Trade Celanese Stock guide.Note that the Celanese information on this page should be used as a complementary analysis to other Celanese's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.
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Is Celanese's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Celanese. If investors know Celanese will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Celanese listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.321 | Dividend Share 2.8 | Earnings Share 18.24 | Revenue Per Share 98.185 | Quarterly Revenue Growth (0.09) |
The market value of Celanese is measured differently than its book value, which is the value of Celanese that is recorded on the company's balance sheet. Investors also form their own opinion of Celanese's value that differs from its market value or its book value, called intrinsic value, which is Celanese's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Celanese's market value can be influenced by many factors that don't directly affect Celanese's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Celanese's value and its price as these two are different measures arrived at by different means. Investors typically determine if Celanese is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Celanese's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.