Kornit Net Debt vs Inventory Analysis

KRNT Stock

USD 15.00 0.53 3.41%

Kornit Digital financial indicator trend analysis is infinitely more than just investigating Kornit Digital recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Kornit Digital is a good investment. Please check the relationship between Kornit Digital Net Debt and its Inventory accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Kornit Digital. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

For more information on how to buy Kornit Stock please use our How to Invest in Kornit Digital guide.

Net Debt vs Inventory

Net Debt vs Inventory Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Kornit Digital Net Debt account and Inventory. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Kornit Digital's Net Debt and Inventory is -0.44. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Inventory in the same time period over historical financial statements of Kornit Digital, assuming nothing else is changed. The correlation between historical values of Kornit Digital's Net Debt and Inventory is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Debt of Kornit Digital are associated (or correlated) with its Inventory. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Inventory has no effect on the direction of Net Debt i.e., Kornit Digital's Net Debt and Inventory go up and down completely randomly.

Correlation Coefficient

-0.44

Relationship Direction	Negative
Relationship Strength	Very Weak

View All Relationships

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.

Inventory

Most indicators from Kornit Digital's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Kornit Digital 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Kornit Digital. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

For more information on how to buy Kornit Stock please use our How to Invest in Kornit Digital guide.At this time, Kornit Digital's Tax Provision is comparatively stable compared to the past year. Sales General And Administrative To Revenue is likely to gain to 0.19 in 2024, whereas Enterprise Value Over EBITDA is likely to drop (15.09) in 2024.

	2021	2022	2023	2024 (projected)
Interest Expense	286K	13.4M	15.4M	16.2M
Depreciation And Amortization	7.0M	13.6M	14.7M	15.4M

Interest Expense Depreciation And Amortization

Kornit Digital fundamental ratios Correlations

	Common Stock Shares Outstanding	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Total Equity	Short Term Investments	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab
Common Stock Shares Outstanding		0.96	0.96	0.86	0.95	0.76	0.89	0.92	0.35	-0.5	-0.31	0.55	0.55	0.9	0.53	0.51	0.88	0.83	0.8	0.89	0.75	0.9	0.96	0.81	0.9	0.89
Total Assets	0.96		1.0	0.9	1.0	0.64	0.91	0.93	0.36	-0.62	-0.28	0.6	0.67	0.89	0.5	0.51	0.96	0.79	0.84	0.76	0.71	0.93	0.96	0.79	0.92	0.93
Other Current Liab	0.96	1.0		0.89	1.0	0.67	0.91	0.94	0.36	-0.59	-0.32	0.57	0.64	0.9	0.53	0.48	0.95	0.8	0.85	0.77	0.73	0.92	0.97	0.81	0.93	0.91
Total Current Liabilities	0.86	0.9	0.89		0.88	0.5	0.78	0.81	0.64	-0.72	0.01	0.83	0.76	0.72	0.22	0.65	0.95	0.65	0.67	0.72	0.59	0.89	0.82	0.6	0.79	0.99
Total Stockholder Equity	0.95	1.0	1.0	0.88		0.65	0.91	0.93	0.33	-0.61	-0.31	0.57	0.66	0.9	0.52	0.49	0.96	0.79	0.85	0.75	0.71	0.92	0.96	0.8	0.93	0.91
Other Liab	0.76	0.64	0.67	0.5	0.65		0.65	0.62	-0.17	-0.39	-0.29	0.36	0.42	0.66	0.44	0.37	0.55	0.66	0.55	0.77	0.39	0.52	0.65	0.64	0.64	0.51
Net Tangible Assets	0.89	0.91	0.91	0.78	0.91	0.65		0.98	0.22	-0.45	-0.58	0.37	0.51	0.98	0.76	0.25	0.85	0.95	0.97	0.7	0.84	0.83	0.88	0.96	1.0	0.81
Property Plant And Equipment Net	0.92	0.93	0.94	0.81	0.93	0.62	0.98		0.29	-0.42	-0.52	0.39	0.48	0.98	0.72	0.33	0.86	0.92	0.94	0.72	0.88	0.9	0.93	0.93	0.99	0.85
Current Deferred Revenue	0.35	0.36	0.36	0.64	0.33	-0.17	0.22	0.29		-0.21	0.22	0.52	0.24	0.16	-0.13	0.34	0.44	0.2	0.18	0.32	0.38	0.45	0.35	0.1	0.23	0.6
Net Debt	-0.5	-0.62	-0.59	-0.72	-0.61	-0.39	-0.45	-0.42	-0.21		-0.33	-0.86	-1.0	-0.34	0.12	-0.69	-0.78	-0.19	-0.35	-0.35	0.03	-0.53	-0.44	-0.22	-0.46	-0.68
Retained Earnings	-0.31	-0.28	-0.32	0.01	-0.31	-0.29	-0.58	-0.52	0.22	-0.33		0.53	0.29	-0.62	-0.95	0.56	-0.11	-0.71	-0.71	-0.18	-0.7	-0.18	-0.36	-0.77	-0.56	-0.04
Accounts Payable	0.55	0.6	0.57	0.83	0.57	0.36	0.37	0.39	0.52	-0.86	0.53		0.87	0.28	-0.32	0.83	0.75	0.18	0.2	0.51	0.05	0.63	0.46	0.11	0.37	0.79
Cash	0.55	0.67	0.64	0.76	0.66	0.42	0.51	0.48	0.24	-1.0	0.29	0.87		0.4	-0.07	0.69	0.82	0.25	0.4	0.39	0.04	0.58	0.49	0.27	0.51	0.73
Non Current Assets Total	0.9	0.89	0.9	0.72	0.9	0.66	0.98	0.98	0.16	-0.34	-0.62	0.28	0.4		0.79	0.24	0.79	0.94	0.95	0.71	0.87	0.82	0.91	0.96	0.98	0.76
Non Currrent Assets Other	0.53	0.5	0.53	0.22	0.52	0.44	0.76	0.72	-0.13	0.12	-0.95	-0.32	-0.07	0.79		-0.31	0.34	0.83	0.85	0.36	0.81	0.4	0.57	0.89	0.75	0.27
Other Assets	0.51	0.51	0.48	0.65	0.49	0.37	0.25	0.33	0.34	-0.69	0.56	0.83	0.69	0.24	-0.31		0.6	0.06	0.07	0.49	0.01	0.57	0.44	0.05	0.28	0.64
Cash And Short Term Investments	0.88	0.96	0.95	0.95	0.96	0.55	0.85	0.86	0.44	-0.78	-0.11	0.75	0.82	0.79	0.34	0.6		0.68	0.77	0.68	0.58	0.91	0.86	0.68	0.86	0.96
Net Receivables	0.83	0.79	0.8	0.65	0.79	0.66	0.95	0.92	0.2	-0.19	-0.71	0.18	0.25	0.94	0.83	0.06	0.68		0.93	0.72	0.91	0.74	0.8	0.98	0.93	0.69
Good Will	0.8	0.84	0.85	0.67	0.85	0.55	0.97	0.94	0.18	-0.35	-0.71	0.2	0.4	0.95	0.85	0.07	0.77	0.93		0.57	0.86	0.73	0.82	0.97	0.97	0.7
Common Stock Total Equity	0.89	0.76	0.77	0.72	0.75	0.77	0.7	0.72	0.32	-0.35	-0.18	0.51	0.39	0.71	0.36	0.49	0.68	0.72	0.57		0.62	0.74	0.78	0.64	0.69	0.74
Short Term Investments	0.75	0.71	0.73	0.59	0.71	0.39	0.84	0.88	0.38	0.03	-0.7	0.05	0.04	0.87	0.81	0.01	0.58	0.91	0.86	0.62		0.73	0.78	0.89	0.84	0.64
Non Current Liabilities Total	0.9	0.93	0.92	0.89	0.92	0.52	0.83	0.9	0.45	-0.53	-0.18	0.63	0.58	0.82	0.4	0.57	0.91	0.74	0.73	0.74	0.73		0.88	0.7	0.84	0.94
Inventory	0.96	0.96	0.97	0.82	0.96	0.65	0.88	0.93	0.35	-0.44	-0.36	0.46	0.49	0.91	0.57	0.44	0.86	0.8	0.82	0.78	0.78	0.88		0.81	0.91	0.85
Other Current Assets	0.81	0.79	0.81	0.6	0.8	0.64	0.96	0.93	0.1	-0.22	-0.77	0.11	0.27	0.96	0.89	0.05	0.68	0.98	0.97	0.64	0.89	0.7	0.81		0.95	0.64
Other Stockholder Equity	0.9	0.92	0.93	0.79	0.93	0.64	1.0	0.99	0.23	-0.46	-0.56	0.37	0.51	0.98	0.75	0.28	0.86	0.93	0.97	0.69	0.84	0.84	0.91	0.95		0.82
Total Liab	0.89	0.93	0.91	0.99	0.91	0.51	0.81	0.85	0.6	-0.68	-0.04	0.79	0.73	0.76	0.27	0.64	0.96	0.69	0.7	0.74	0.64	0.94	0.85	0.64	0.82

Click cells to compare fundamentals

Kornit Digital Account Relationship Matchups

Kornit Digital fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Common Stock Shares Outstanding	39.3M	42.3M	48.6M	49.8M	49.2M	39.5M
Total Assets	407.3M	629.0M	1.0B	957.7M	865.6M	462.5M
Other Current Liab	17.4M	26.6M	40.0M	39.8M	35.9M	21.4M
Total Current Liabilities	47.5M	89.6M	98.1M	65.4M	50.1M	48.8M
Total Stockholder Equity	338.3M	519.0M	919.6M	868.8M	795.7M	401.4M
Other Liab	2.4M	1.7M	2.7M	2.4M	2.8M	2.4M
Net Tangible Assets	330.2M	495.3M	884.0M	829.8M	954.2M	1.0B
Property Plant And Equipment Net	40.3M	50.3M	70.2M	87.6M	74.7M	78.4M
Current Deferred Revenue	2.7M	27.0M	5.4M	5.7M	2.2M	2.1M
Net Debt	(17.6M)	(103.1M)	(584.6M)	(78.6M)	(16.0M)	(16.8M)
Retained Earnings	32.7M	28.0M	43.5M	(35.6M)	(99.9M)	(94.9M)
Accounts Payable	23.4M	32.0M	47.6M	14.8M	6.9M	6.6M
Cash	40.7M	125.8M	611.6M	104.6M	39.6M	37.6M
Non Current Assets Total	154.1M	151.5M	265.7M	378.8M	343.2M	360.4M
Non Currrent Assets Other	657K	732K	1.2M	6.2M	8.5M	8.9M
Other Assets	8.4M	5.8M	10.8M	6.2M	1.0	0.95
Cash And Short Term Investments	168.3M	364.3M	648.8M	400.0M	332.5M	212.3M
Net Receivables	40.5M	51.6M	49.8M	67.4M	93.6M	98.3M
Good Will	5.6M	16.5M	25.4M	29.2M	33.5M	35.2M
Short Term Investments	127.6M	238.5M	37.3M	295.4M	292.9M	307.5M
Liabilities And Stockholders Equity	407.3M	629.0M	1.0B	957.7M	865.6M	462.5M
Non Current Liabilities Total	21.6M	20.3M	24.6M	23.5M	19.8M	12.3M
Inventory	37.5M	52.5M	63.0M	89.4M	67.7M	43.9M
Other Current Assets	7.0M	9.2M	14.9M	22.1M	28.5M	30.0M
Other Stockholder Equity	304.6M	488.2M	875.4M	921.7M	902.7M	947.8M
Total Liab	69.0M	110.0M	122.7M	88.8M	69.9M	61.1M
Long Term Investments	95.4M	71.6M	149.3M	246.0M	223.2M	234.4M
Property Plant And Equipment Gross	40.3M	50.3M	70.2M	87.6M	123.3M	129.5M
Total Current Assets	253.3M	477.5M	776.5M	578.8M	522.4M	308.0M
Accumulated Other Comprehensive Income	843K	2.7M	571K	(17.4M)	(7.2M)	(6.8M)
Intangible Assets	2.5M	7.2M	10.1M	9.9M	7.6M	4.5M
Common Stock	105K	121K	133K	134K	154.1K	103.2K
Property Plant Equipment	40.3M	50.3M	70.2M	87.6M	100.7M	105.8M
Non Current Liabilities Other	1.3M	443K	1.2M	1.2M	198K	188.1K
Net Invested Capital	338.3M	519.0M	919.6M	868.8M	795.7M	592.6M
Net Working Capital	207.7M	387.9M	678.5M	513.5M	472.3M	382.1M

Pair Trading with Kornit Digital

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 Kornit Digital 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 Kornit Digital will appreciate offsetting losses from the drop in the long position's value.

Moving together with Kornit Stock

0.66

Hillenbrand Fiscal Year End 20th of November 2024

Pair Corr

Moving against Kornit Stock

0.79	EPAC	Enerpac Tool Group Financial Report 19th of June 2024	Pair Corr
0.72	CR	Crane Company	Pair Corr
0.43	CXT	Crane NXT	Pair Corr

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

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

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

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