Etsy Non Currrent Assets Other vs Short Term Investments Analysis

ETSY Stock  USD 66.22  1.36  2.10%   
Etsy financial indicator trend analysis is much more than just examining Etsy Inc latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Etsy Inc is a good investment. Please check the relationship between Etsy Non Currrent Assets Other and its Short Term Investments accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Etsy Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

Non Currrent Assets Other vs Short Term Investments

Non Currrent Assets Other vs Short Term Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Etsy Inc Non Currrent Assets Other account and Short Term Investments. At this time, the significance of the direction appears to have strong relationship.
The correlation between Etsy's Non Currrent Assets Other and Short Term Investments is 0.71. Overlapping area represents the amount of variation of Non Currrent Assets Other that can explain the historical movement of Short Term Investments in the same time period over historical financial statements of Etsy Inc, assuming nothing else is changed. The correlation between historical values of Etsy's Non Currrent Assets Other 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 Non Currrent Assets Other of Etsy Inc are associated (or correlated) with its Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Term Investments has no effect on the direction of Non Currrent Assets Other i.e., Etsy's Non Currrent Assets Other and Short Term Investments go up and down completely randomly.

Correlation Coefficient

0.71
Relationship DirectionPositive 
Relationship StrengthSignificant

Non Currrent Assets Other

Assets that are not physical or tangible, expected to provide value for more than one year, and not easily converted into cash, such as long-term investments or patents.

Short Term Investments

Short Term Investments is an item under the current assets section of Etsy balance sheet. It contains any investments Etsy Inc undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that Etsy Inc can easily liquidate in the marketplace.
Most indicators from Etsy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Etsy Inc 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 Etsy Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.
At this time, Etsy's Selling General Administrative is fairly stable compared to the past year. Sales General And Administrative To Revenue is likely to rise to 0.21 in 2024, despite the fact that Tax Provision is likely to grow to (14 M).
 2021 2022 2023 2024 (projected)
Interest Expense9.9M14.2M14.0M13.6M
Depreciation And Amortization74.3M96.7M91.3M45.9M

Etsy fundamental ratios Correlations

0.880.790.80.80.070.780.840.90.66-0.480.810.850.750.820.740.780.860.790.570.790.80.790.780.880.79
0.880.890.880.88-0.010.760.910.940.79-0.460.870.890.930.970.860.890.880.860.730.690.720.890.830.820.89
0.790.890.990.99-0.410.630.870.890.96-0.770.980.790.820.90.961.00.760.980.570.60.61.00.960.761.0
0.80.880.991.0-0.390.640.840.90.91-0.781.00.830.780.870.960.990.80.990.520.620.610.990.970.790.99
0.80.880.991.0-0.390.650.840.910.9-0.791.00.840.770.870.960.990.80.990.510.640.610.980.970.80.99
0.07-0.01-0.41-0.39-0.390.15-0.16-0.19-0.530.79-0.40.00.01-0.13-0.37-0.420.04-0.420.280.110.16-0.41-0.39-0.06-0.41
0.780.760.630.640.650.150.870.760.54-0.360.650.660.720.690.750.630.650.660.570.860.510.640.690.790.64
0.840.910.870.840.84-0.160.870.920.82-0.590.840.760.870.910.870.860.740.840.620.820.580.860.840.850.86
0.90.940.890.90.91-0.190.760.920.77-0.660.910.930.780.920.860.890.910.890.480.780.750.890.840.940.9
0.660.790.960.910.9-0.530.540.820.77-0.740.90.580.820.840.910.960.560.90.590.460.410.960.910.590.95
-0.48-0.46-0.77-0.78-0.790.79-0.36-0.59-0.66-0.74-0.79-0.52-0.31-0.53-0.74-0.77-0.5-0.80.06-0.47-0.37-0.76-0.79-0.64-0.77
0.810.870.981.01.0-0.40.650.840.910.9-0.790.830.760.860.960.980.81.00.490.650.60.980.970.80.99
0.850.890.790.830.840.00.660.760.930.58-0.520.830.660.840.760.790.990.810.40.720.820.780.730.910.8
0.750.930.820.780.770.010.720.870.780.82-0.310.760.660.90.80.820.630.760.90.540.480.830.760.60.82
0.820.970.90.870.87-0.130.690.910.920.84-0.530.860.840.90.840.90.830.850.660.670.710.90.820.80.9
0.740.860.960.960.96-0.370.750.870.860.91-0.740.960.760.80.840.960.710.960.570.660.50.960.970.760.96
0.780.891.00.990.99-0.420.630.860.890.96-0.770.980.790.820.90.960.760.980.560.60.591.00.960.751.0
0.860.880.760.80.80.040.650.740.910.56-0.50.80.990.630.830.710.760.760.380.730.90.760.70.910.77
0.790.860.980.990.99-0.420.660.840.890.9-0.81.00.810.760.850.960.980.760.50.640.550.970.970.780.98
0.570.730.570.520.510.280.570.620.480.590.060.490.40.90.660.570.560.380.50.320.260.580.530.290.56
0.790.690.60.620.640.110.860.820.780.46-0.470.650.720.540.670.660.60.730.640.320.640.590.660.90.6
0.80.720.60.610.610.160.510.580.750.41-0.370.60.820.480.710.50.590.90.550.260.640.590.530.80.6
0.790.891.00.990.98-0.410.640.860.890.96-0.760.980.780.830.90.961.00.760.970.580.590.590.960.751.0
0.780.830.960.970.97-0.390.690.840.840.91-0.790.970.730.760.820.970.960.70.970.530.660.530.960.770.96
0.880.820.760.790.8-0.060.790.850.940.59-0.640.80.910.60.80.760.750.910.780.290.90.80.750.770.76
0.790.891.00.990.99-0.410.640.860.90.95-0.770.990.80.820.90.961.00.770.980.560.60.61.00.960.76
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Etsy Account Relationship Matchups

Etsy fundamental ratios Accounts

201920202021202220232024 (projected)
Common Stock Shares Outstanding125.7M136.4M146.7M126.8M140.1M129.3M
Total Assets1.5B2.4B3.8B2.6B2.7B1.6B
Short Long Term Debt Total847.0M1.1B2.4B2.4B2.4B2.5B
Other Current Liab96.5M247.2M352.6M350.3M394.8M414.5M
Total Current Liabilities188.5M454.7M615.6M631.8M710.8M746.3M
Total Stockholder Equity406.6M742.4M628.6M(547.3M)(543.7M)(516.5M)
Other Liab86.1M100.1M201.9M127.1M146.1M111.6M
Property Plant And Equipment Net144.9M112.5M275.1M249.7M249.8M160.0M
Current Deferred Revenue7.6M11.3M12.3M14.0M14.6M9.0M
Net Debt403.7M(128.3M)1.6B1.5B1.5B1.5B
Retained Earnings(227.4M)(146.8M)71.7M(1.0B)(1.4B)(1.3B)
Accounts Payable76.1M187.7M248.2M262.7M295.3M310.1M
Cash443.3M1.2B780.2M921.3M914.3M554.5M
Non Current Assets Total621.3M509.7M2.5B1.1B1.1B679.8M
Non Currrent Assets Other34.9M29.7M56.1M47.7M45.2M24.7M
Other Assets24.8M69.0M152.0M130.4M150.0M157.5M
Long Term Debt785.1M1.1B2.3B2.3B2.3B2.4B
Cash And Short Term Investments817.3M1.7B984.6M1.2B1.2B747.7M
Net Receivables65.2M169.4M247.5M261.8M290.1M304.6M
Good Will138.7M140.8M1.4B137.7M138.4M210.2M
Common Stock Total Equity119K126K127K125K143.8K120.8K
Short Term Investments374.0M425.1M204.4M250.4M236.1M193.2M
Liabilities And Stockholders Equity1.5B2.4B3.8B2.6B2.7B1.6B
Non Current Liabilities Total947.2M1.2B2.6B2.6B2.5B2.6B
Other Current Assets38.6M56.2M109.4M80.2M129.9M136.4M
Other Stockholder Equity642.6M883.2M631.8M815.1M1.1B617.0M
Total Liab1.1B1.7B3.2B3.2B3.2B3.4B
Property Plant And Equipment Gross144.9M112.5M432.1M453.9M493.8M518.5M
Total Current Assets921.0M1.9B1.3B1.5B1.6B929.8M
Accumulated Other Comprehensive Income(8.7M)6.0M(75.0M)(314.2M)(267.5M)(254.1M)
Short Term Debt8.3M8.5M2.4M4.7M6.1M5.5M
Intangible Assets199.2M187.4M607.2M535.4M457.1M480.0M
Common Stock120K119K126K127K125K121.7K
Property Plant Equipment119.8M112.5M275.1M288.5M331.8M348.4M
Net Tangible Assets68.7M414.2M(1.3B)(1.2B)(1.1B)(1.0B)
Deferred Long Term Liab64.5M58.5M79.5M44.7M51.4M52.3M
Retained Earnings Total Equity(227.4M)(146.8M)71.7M(1.0B)(943.4M)(896.3M)
Long Term Debt Total785.1M1.1B2.3B2.3B2.6B2.8B
Capital Surpluse642.6M883.2M631.8M815.1M937.3M671.4M

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