DXC Cash vs Net Debt Analysis
DXC Stock | USD 19.71 0.19 0.95% |
DXC Technology financial indicator trend analysis is much more than just examining DXC Technology latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether DXC Technology is a good investment. Please check the relationship between DXC Technology Cash and its Net Debt accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in DXC Technology Co. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in interest.
Cash vs Net Debt
Cash vs Net Debt Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of DXC Technology Cash account and Net Debt. At this time, the significance of the direction appears to have strong relationship.
The correlation between DXC Technology's Cash and Net Debt is 0.66. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Net Debt in the same time period over historical financial statements of DXC Technology Co, assuming nothing else is changed. The correlation between historical values of DXC Technology's Cash and Net Debt 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 of DXC Technology Co are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Cash i.e., DXC Technology's Cash and Net Debt go up and down completely randomly.
Correlation Coefficient | 0.66 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Cash
Cash refers to the most liquid asset of DXC Technology, which is listed under current asset account on DXC Technology Co balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from DXC Technology customers. The amounts must be unrestricted with restricted cash listed in a different DXC Technology account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.Net Debt
The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.Most indicators from DXC Technology's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into DXC Technology 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in DXC Technology Co. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in interest. At present, DXC Technology'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 9.2 B, whereas Selling General Administrative is forecasted to decline to about 1.3 B.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 3.6B | 3.2B | 3.7B | 2.4B | Total Revenue | 16.3B | 14.4B | 16.6B | 11.3B |
DXC Technology fundamental ratios Correlations
Click cells to compare fundamentals
DXC Technology Account Relationship Matchups
High Positive Relationship
High Negative Relationship
DXC Technology fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 26.0B | 22.0B | 20.1B | 15.8B | 18.2B | 11.1B | |
Short Long Term Debt Total | 11.5B | 7.0B | 6.2B | 5.4B | 6.2B | 6.5B | |
Other Current Liab | 3.5B | 4.6B | 3.7B | 2.5B | 2.9B | 1.9B | |
Total Current Liabilities | 7.9B | 8.2B | 6.9B | 5.2B | 6.0B | 3.5B | |
Total Stockholder Equity | 5.1B | 5.3B | 5.4B | 3.8B | 4.4B | 4.0B | |
Property Plant And Equipment Net | 5.0B | 4.3B | 3.5B | 2.9B | 3.3B | 1.9B | |
Net Debt | 7.8B | 4B | 3.5B | 3.5B | 4.0B | 4.2B | |
Retained Earnings | (5.2B) | (5.3B) | (4.5B) | (4.7B) | (4.2B) | (4.0B) | |
Cash | 3.7B | 3.0B | 2.7B | 1.9B | 2.1B | 1.2B | |
Non Current Assets Total | 17.0B | 13.8B | 12.7B | 9.7B | 11.2B | 6.5B | |
Non Currrent Assets Other | 4.0B | 4.5B | 4.9B | 3.2B | 3.7B | 3.9B | |
Cash And Short Term Investments | 3.7B | 3.0B | 2.7B | 1.9B | 2.1B | 1.2B | |
Net Receivables | 4.4B | 4.2B | 3.9B | 3.4B | 4.0B | 2.7B | |
Common Stock Shares Outstanding | 258.6M | 254.1M | 255.2M | 229.0M | 263.3M | 177.5M | |
Liabilities And Stockholders Equity | 26.0B | 22.0B | 20.1B | 15.8B | 18.2B | 11.1B | |
Non Current Liabilities Total | 13.0B | 8.6B | 7.9B | 6.8B | 7.9B | 8.3B | |
Other Current Assets | 270M | 357M | 268M | 255M | 293.3M | 557.1M | |
Other Stockholder Equity | 10.9B | 10.9B | 10.2B | 9.3B | 10.6B | 11.2B | |
Total Liab | 20.9B | 16.7B | 14.8B | 12.0B | 13.8B | 7.0B | |
Total Current Assets | 9.0B | 8.2B | 7.4B | 6.1B | 7.0B | 4.6B | |
Short Term Debt | 1.8B | 1.6B | 1.3B | 817M | 939.6M | 540.4M | |
Intangible Assets | 5.7B | 4.0B | 3.4B | 2.6B | 3.0B | 1.6B | |
Accounts Payable | 1.6B | 914M | 840M | 782M | 899.3M | 621.4M | |
Other Liab | 2.9B | 3.2B | 3.2B | 3.0B | 3.5B | 1.9B | |
Current Deferred Revenue | 1.0B | 1.1B | 1.1B | 1.1B | 1.2B | 867.7M | |
Other Assets | 4.2B | 4.8B | 5.2B | 3.7B | 4.3B | 2.2B | |
Long Term Debt | 8.1B | 4.3B | 3.7B | 3.9B | 4.5B | 3.1B | |
Good Will | 2.0B | 641M | 617M | 539M | 619.9M | 588.9M | |
Accumulated Other Comprehensive Income | (603M) | (302M) | (385M) | (774M) | (696.6M) | (661.8M) | |
Treasury Stock | (152M) | (158M) | (173M) | (187M) | (168.3M) | (176.7M) | |
Property Plant Equipment | 5.0B | 4.3B | 3.5B | 2.9B | 3.3B | 2.7B | |
Property Plant And Equipment Gross | 5.0B | 4.3B | 3.5B | 2.9B | 3.3B | 2.8B | |
Inventory | 646M | 727M | 652M | 570M | 513M | 515.3M | |
Net Tangible Assets | (3.0B) | 289M | 1.7B | 928M | 835.2M | 877.0M | |
Deferred Long Term Liab | 1.2B | 1.1B | 1.1B | 1.0B | 1.2B | 821.8M | |
Short Long Term Debt | 832M | 1.2B | 611M | 500M | 450M | 824.5M | |
Long Term Debt Total | 8.7B | 4.3B | 4.1B | 3.9B | 4.5B | 4.7B |
Pair Trading with DXC Technology
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 DXC Technology 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 DXC Technology will appreciate offsetting losses from the drop in the long position's value.Moving together with DXC Stock
0.61 | G | Genpact Limited | PairCorr |
Moving against DXC Stock
0.47 | GDS | GDS Holdings Financial Report 23rd of May 2024 | PairCorr |
0.44 | FIS | Fidelity National | PairCorr |
The ability to find closely correlated positions to DXC Technology could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace DXC Technology 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 DXC Technology - 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 DXC Technology Co to buy it.
The correlation of DXC Technology 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 DXC Technology moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if DXC Technology 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 DXC Technology 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.Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in DXC Technology Co. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in interest. You can also try the Equity Valuation module to check real value of public entities based on technical and fundamental data.
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When running DXC Technology's price analysis, check to measure DXC Technology'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 DXC Technology is operating at the current time. Most of DXC Technology's value examination focuses on studying past and present price action to predict the probability of DXC Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move DXC Technology's price. Additionally, you may evaluate how the addition of DXC Technology to your portfolios can decrease your overall portfolio volatility.
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Is DXC Technology'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 DXC Technology. If investors know DXC 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 DXC Technology 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 2.24 | Earnings Share (1.85) | Revenue Per Share 67.173 | Quarterly Revenue Growth (0.05) | Return On Assets (0.03) |
The market value of DXC Technology is measured differently than its book value, which is the value of DXC that is recorded on the company's balance sheet. Investors also form their own opinion of DXC Technology's value that differs from its market value or its book value, called intrinsic value, which is DXC Technology'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 DXC Technology's market value can be influenced by many factors that don't directly affect DXC Technology'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 DXC Technology's value and its price as these two are different measures arrived at by different means. Investors typically determine if DXC Technology is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, DXC Technology'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.