Cirrus Non Current Assets Total vs Other Current Liab Analysis

CRUS Stock

USD 118.87 1.87 1.60%

Cirrus Logic financial indicator trend analysis is way more than just evaluating Cirrus Logic prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Cirrus Logic is a good investment. Please check the relationship between Cirrus Logic Non Current Assets Total and its Other Current Liab accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cirrus Logic. 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 Cirrus Stock please use our How to Invest in Cirrus Logic guide.

Non Current Assets Total vs Other Current Liab

Non Current Assets Total vs Other Current Liab Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Cirrus Logic Non Current Assets Total account and Other Current Liab. At this time, the significance of the direction appears to have strong relationship.

The correlation between Cirrus Logic's Non Current Assets Total and Other Current Liab is 0.67. Overlapping area represents the amount of variation of Non Current Assets Total that can explain the historical movement of Other Current Liab in the same time period over historical financial statements of Cirrus Logic, assuming nothing else is changed. The correlation between historical values of Cirrus Logic's Non Current Assets Total and Other Current Liab is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Current Assets Total of Cirrus Logic are associated (or correlated) with its Other Current Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Liab has no effect on the direction of Non Current Assets Total i.e., Cirrus Logic's Non Current Assets Total and Other Current Liab go up and down completely randomly.

Correlation Coefficient

0.67

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Non Current Assets Total

The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.

Other Current Liab

Most indicators from Cirrus Logic's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Cirrus Logic 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 Cirrus Logic. 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 Cirrus Stock please use our How to Invest in Cirrus Logic guide.Selling General Administrative is likely to drop to about 98.7 M in 2024. Tax Provision is likely to drop to about 38.3 M in 2024

	2021	2022	2023	2024 (projected)
Gross Profit	923.6M	957.0M	916.1M	961.9M
Total Revenue	1.8B	1.9B	1.8B	1.9B

Gross Profit Total Revenue

Cirrus Logic fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Accounts Payable	Common Stock Total Equity	Short Term Investments	Common Stock
Total Assets		0.19	0.73	0.85	0.99	0.97	-0.77	0.66	0.94	0.98	0.74	0.9	0.78	0.32	0.85	0.88	0.66	0.74	0.81	0.9	0.96	-0.02	0.55	-0.55	-0.63	-0.55
Short Long Term Debt Total	0.19		-0.11	0.39	0.18	0.22	0.16	-0.51	-0.06	0.2	0.17	0.1	0.36	0.67	0.12	0.12	0.0	0.59	0.29	0.13	0.17	0.1	0.45	-0.76	0.17	-0.76
Other Current Liab	0.73	-0.11		0.38	0.76	0.6	-0.71	0.64	0.74	0.67	0.41	0.68	0.39	0.23	0.55	0.79	0.77	0.37	0.39	0.64	0.75	0.17	0.05	-0.3	-0.52	-0.3
Total Current Liabilities	0.85	0.39	0.38		0.8	0.86	-0.5	0.44	0.73	0.89	0.76	0.71	0.9	0.32	0.84	0.64	0.28	0.83	0.95	0.65	0.75	0.0	0.87	-0.59	-0.5	-0.59
Total Stockholder Equity	0.99	0.18	0.76	0.8		0.96	-0.82	0.66	0.95	0.95	0.72	0.92	0.75	0.34	0.79	0.91	0.69	0.73	0.75	0.91	0.98	-0.06	0.47	-0.56	-0.6	-0.56
Property Plant And Equipment Net	0.97	0.22	0.6	0.86	0.96		-0.73	0.64	0.91	0.97	0.73	0.85	0.81	0.26	0.86	0.82	0.58	0.73	0.83	0.9	0.9	-0.09	0.58	-0.52	-0.65	-0.52
Net Debt	-0.77	0.16	-0.71	-0.5	-0.82	-0.73		-0.71	-0.9	-0.68	-0.51	-0.85	-0.46	-0.13	-0.43	-0.84	-0.6	-0.53	-0.41	-0.75	-0.84	0.25	-0.1	0.31	0.56	0.31
Retained Earnings	0.66	-0.51	0.64	0.44	0.66	0.64	-0.71		0.77	0.66	0.64	0.58	0.45	-0.42	0.61	0.56	0.56	0.17	0.49	0.56	0.61	-0.23	0.11	0.23	-0.68	0.23
Cash	0.94	-0.06	0.74	0.73	0.95	0.91	-0.9	0.77		0.89	0.67	0.93	0.63	0.17	0.76	0.87	0.7	0.61	0.7	0.89	0.95	-0.07	0.38	-0.38	-0.67	-0.38
Non Current Assets Total	0.98	0.2	0.67	0.89	0.95	0.97	-0.68	0.66	0.89		0.75	0.8	0.83	0.25	0.92	0.81	0.56	0.72	0.88	0.85	0.87	-0.01	0.63	-0.5	-0.69	-0.5
Non Currrent Assets Other	0.74	0.17	0.41	0.76	0.72	0.73	-0.51	0.64	0.67	0.75		0.58	0.75	-0.02	0.64	0.5	0.48	0.49	0.68	0.46	0.68	-0.19	0.48	-0.21	-0.54	-0.21
Cash And Short Term Investments	0.9	0.1	0.68	0.71	0.92	0.85	-0.85	0.58	0.93	0.8	0.58		0.59	0.37	0.65	0.84	0.67	0.68	0.62	0.86	0.97	-0.05	0.4	-0.56	-0.36	-0.56
Net Receivables	0.78	0.36	0.39	0.9	0.75	0.81	-0.46	0.45	0.63	0.83	0.75	0.59		0.23	0.72	0.56	0.24	0.82	0.87	0.54	0.66	-0.05	0.71	-0.52	-0.51	-0.52
Common Stock Shares Outstanding	0.32	0.67	0.23	0.32	0.34	0.26	-0.13	-0.42	0.17	0.25	-0.02	0.37	0.23		0.12	0.4	0.11	0.51	0.16	0.29	0.38	0.3	0.39	-0.92	0.13	-0.92
Non Current Liabilities Total	0.85	0.12	0.55	0.84	0.79	0.86	-0.43	0.61	0.76	0.92	0.64	0.65	0.72	0.12		0.63	0.47	0.56	0.92	0.75	0.71	0.18	0.7	-0.33	-0.67	-0.33
Inventory	0.88	0.12	0.79	0.64	0.91	0.82	-0.84	0.56	0.87	0.81	0.5	0.84	0.56	0.4	0.63		0.63	0.69	0.58	0.88	0.91	0.05	0.33	-0.57	-0.6	-0.57
Other Current Assets	0.66	0.0	0.77	0.28	0.69	0.58	-0.6	0.56	0.7	0.56	0.48	0.67	0.24	0.11	0.47	0.63		0.22	0.26	0.68	0.74	-0.09	-0.09	-0.19	-0.4	-0.19
Other Stockholder Equity	0.74	0.59	0.37	0.83	0.73	0.73	-0.53	0.17	0.61	0.72	0.49	0.68	0.82	0.51	0.56	0.69	0.22		0.76	0.65	0.71	0.05	0.63	-0.8	-0.32	-0.8
Total Liab	0.81	0.29	0.39	0.95	0.75	0.83	-0.41	0.49	0.7	0.88	0.68	0.62	0.87	0.16	0.92	0.58	0.26	0.76		0.65	0.66	0.12	0.84	-0.45	-0.59	-0.45
Property Plant And Equipment Gross	0.9	0.13	0.64	0.65	0.91	0.9	-0.75	0.56	0.89	0.85	0.46	0.86	0.54	0.29	0.75	0.88	0.68	0.65	0.65		0.9	-0.04	0.36	-0.5	-0.57	-0.5
Total Current Assets	0.96	0.17	0.75	0.75	0.98	0.9	-0.84	0.61	0.95	0.87	0.68	0.97	0.66	0.38	0.71	0.91	0.74	0.71	0.66	0.9		-0.05	0.41	-0.58	-0.5	-0.58
Short Term Debt	-0.02	0.1	0.17	0.0	-0.06	-0.09	0.25	-0.23	-0.07	-0.01	-0.19	-0.05	-0.05	0.3	0.18	0.05	-0.09	0.05	0.12	-0.04	-0.05		0.13	-0.21	0.01	-0.21
Accounts Payable	0.55	0.45	0.05	0.87	0.47	0.58	-0.1	0.11	0.38	0.63	0.48	0.4	0.71	0.39	0.7	0.33	-0.09	0.63	0.84	0.36	0.41	0.13		-0.55	-0.25	-0.55
Common Stock Total Equity	-0.55	-0.76	-0.3	-0.59	-0.56	-0.52	0.31	0.23	-0.38	-0.5	-0.21	-0.56	-0.52	-0.92	-0.33	-0.57	-0.19	-0.8	-0.45	-0.5	-0.58	-0.21	-0.55		0.02	1.0
Short Term Investments	-0.63	0.17	-0.52	-0.5	-0.6	-0.65	0.56	-0.68	-0.67	-0.69	-0.54	-0.36	-0.51	0.13	-0.67	-0.6	-0.4	-0.32	-0.59	-0.57	-0.5	0.01	-0.25	0.02		0.02
Common Stock	-0.55	-0.76	-0.3	-0.59	-0.56	-0.52	0.31	0.23	-0.38	-0.5	-0.21	-0.56	-0.52	-0.92	-0.33	-0.57	-0.19	-0.8	-0.45	-0.5	-0.58	-0.21	-0.55	1.0	0.02

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Cirrus Logic Account Relationship Matchups

Cirrus Logic fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.6B	1.8B	2.1B	2.1B	2.2B	2.3B
Other Current Liab	10.9M	28.0M	52.7M	42.3M	110.2M	115.7M
Total Current Liabilities	158.6M	213.6M	264.8M	216.3M	186.4M	144.3M
Total Stockholder Equity	1.2B	1.4B	1.6B	1.7B	1.8B	1.9B
Property Plant And Equipment Net	299.5M	288.5M	328.1M	291.1M	308.5M	323.9M
Net Debt	(149.2M)	(299.7M)	(192.0M)	(304.7M)	(347.5M)	(330.2M)
Retained Earnings	(201.7M)	(112.7M)	23.4M	(9.3M)	58.9M	61.9M
Cash	292.1M	442.2M	369.8M	445.8M	502.8M	527.9M
Non Current Assets Total	942.5M	988.1M	1.3B	1.0B	1.1B	1.2B
Non Currrent Assets Other	27.8M	67.3M	286.6M	208.1M	129.4M	135.9M
Cash And Short Term Investments	314.1M	497.9M	380.4M	480.8M	526.5M	552.9M
Net Receivables	154.0M	108.7M	240.3M	150.5M	162.5M	85.1M
Common Stock Shares Outstanding	60.5M	60.1M	59.1M	57.2M	56.0M	69.8M
Liabilities And Stockholders Equity	1.6B	1.8B	2.1B	2.1B	2.2B	2.3B
Non Current Liabilities Total	204.3M	228.0M	258.8M	189.3M	228.2M	239.6M
Inventory	146.7M	173.3M	138.4M	233.5M	227.2M	238.6M
Other Current Assets	11.8M	25.1M	40.1M	57.0M	189.9M	199.4M
Other Stockholder Equity	1.4B	1.5B	1.6B	1.7B	1.8B	885.9M
Total Liab	362.9M	441.6M	523.6M	405.7M	414.6M	250.9M
Property Plant And Equipment Gross	299.5M	288.5M	157.1M	291.1M	334.8M	351.5M
Total Current Assets	650.2M	842.5M	840.0M	1.0B	1.1B	1.2B
Accumulated Other Comprehensive Income	(3.5M)	2.9M	(2.0M)	(2.5M)	(2.6M)	(2.7M)
Accounts Payable	78.4M	102.7M	115.4M	81.5M	55.5M	57.2M
Short Term Investments	22.0M	55.7M	10.6M	35.0M	23.8M	22.6M
Intangible Assets	34.4M	22.0M	158.1M	38.9M	29.6M	28.1M
Other Liab	96.9M	74.9M	100.1M	95.6M	110.0M	115.5M
Other Assets	28.4M	37.9M	77.3M	297.6M	342.3M	359.4M
Property Plant Equipment	158.2M	154.9M	328.1M	163.0M	187.4M	102.0M
Net Tangible Assets	908.3M	1.1B	1.0B	1.2B	1.4B	823.2M
Retained Earnings Total Equity	(201.7M)	(112.7M)	23.4M	(9.3M)	(10.7M)	(11.3M)
Capital Surpluse	1.4B	1.5B	1.6B	1.7B	1.9B	1.5B
Long Term Investments	283.6M	312.8M	63.7M	36.5M	42.0M	39.9M
Non Current Liabilities Other	204.3M	228.0M	22.3M	7.7M	8.9M	8.4M

Pair Trading with Cirrus Logic

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 Cirrus Logic 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 Cirrus Logic will appreciate offsetting losses from the drop in the long position's value.

Moving together with Cirrus Stock

0.82

FSLR

First Solar

Pair Corr

Moving against Cirrus Stock

0.8	DTSS	Datasea	Pair Corr
0.71	SEDG	SolarEdge Technologies	Pair Corr
0.67	LPL	LG Display	Pair Corr
0.58	FFIV	F5 Networks Fiscal Year End 22nd of October 2024	Pair Corr
0.56	IBM	International Business Financial Report 17th of July 2024	Pair Corr

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

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

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

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