Viavi Good Will vs Net Debt Analysis

VIAV Stock

USD 7.68 0.06 0.78%

Viavi Solutions financial indicator trend analysis is much more than just breaking down Viavi Solutions prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Viavi Solutions is a good investment. Please check the relationship between Viavi Solutions Good Will and its Net Debt accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Viavi Solutions. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation.

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

Good Will vs Net Debt

Good Will vs Net Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Viavi Solutions Good Will account and Net Debt. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between Viavi Solutions' Good Will and Net Debt is -0.11. Overlapping area represents the amount of variation of Good Will that can explain the historical movement of Net Debt in the same time period over historical financial statements of Viavi Solutions, assuming nothing else is changed. The correlation between historical values of Viavi Solutions' Good Will 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 Good Will of Viavi Solutions 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 Good Will i.e., Viavi Solutions' Good Will and Net Debt go up and down completely randomly.

Correlation Coefficient

-0.11

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

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.

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 Viavi Solutions' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Viavi Solutions 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Viavi Solutions. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation.

For more information on how to buy Viavi Stock please use our How to Invest in Viavi Solutions guide.At this time, Viavi Solutions' Enterprise Value Over EBITDA is fairly stable compared to the past year. Enterprise Value Multiple is likely to climb to 60.65 in 2024, whereas Selling General Administrative is likely to drop slightly above 342 M in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	773.5M	638.8M	734.6M	467.0M
Total Revenue	1.3B	1.1B	1.3B	1.1B

Gross Profit Total Revenue

Viavi Solutions 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	Accounts Payable	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	Intangible Assets	Common Stock Total Equity	Short Term Investments
Total Assets		0.55	0.42	0.57	0.75	0.75	0.29	-0.92	0.64	0.52	0.75	0.32	0.71	0.72	0.83	0.56	0.63	0.3	0.83	0.78	0.67	0.9	0.35	0.39	-0.15	0.2
Short Long Term Debt Total	0.55		0.44	0.25	0.08	0.21	0.5	-0.56	-0.16	0.84	0.35	0.21	0.6	0.18	0.59	0.9	-0.02	0.6	0.62	0.93	0.23	0.54	0.13	0.0	-0.07	-0.07
Other Current Liab	0.42	0.44		0.76	0.15	0.38	0.16	-0.49	0.14	0.44	0.48	0.75	0.07	0.53	0.46	0.15	0.39	0.13	0.48	0.52	0.53	0.24	0.58	0.28	-0.09	-0.49
Total Current Liabilities	0.57	0.25	0.76		0.53	0.57	0.01	-0.57	0.53	0.3	0.43	0.48	0.24	0.71	0.56	-0.05	0.63	0.05	0.56	0.47	0.56	0.49	0.92	0.47	-0.01	-0.06
Total Stockholder Equity	0.75	0.08	0.15	0.53		0.76	-0.14	-0.74	0.87	0.15	0.37	0.08	0.47	0.8	0.73	0.16	0.78	0.0	0.71	0.41	0.62	0.75	0.37	0.56	0.22	0.47
Property Plant And Equipment Net	0.75	0.21	0.38	0.57	0.76		0.31	-0.7	0.8	0.08	0.7	0.51	0.24	0.92	0.71	0.25	0.94	0.34	0.72	0.52	0.86	0.61	0.28	0.31	-0.28	0.06
Net Debt	0.29	0.5	0.16	0.01	-0.14	0.31		-0.12	0.06	-0.02	0.54	0.21	0.07	0.15	0.09	0.5	0.13	0.55	0.14	0.45	0.2	0.11	-0.16	-0.05	-0.45	-0.07
Retained Earnings	-0.92	-0.56	-0.49	-0.57	-0.74	-0.7	-0.12		-0.51	-0.6	-0.65	-0.39	-0.62	-0.75	-0.96	-0.57	-0.59	-0.27	-0.96	-0.8	-0.7	-0.82	-0.33	-0.43	0.01	-0.07
Accounts Payable	0.64	-0.16	0.14	0.53	0.87	0.8	0.06	-0.51		-0.21	0.47	0.19	0.23	0.81	0.47	-0.09	0.88	-0.12	0.46	0.19	0.62	0.56	0.35	0.54	-0.02	0.42
Cash	0.52	0.84	0.44	0.3	0.15	0.08	-0.02	-0.6	-0.21		0.19	0.18	0.71	0.11	0.62	0.72	-0.09	0.36	0.62	0.79	0.18	0.6	0.25	-0.02	0.03	-0.09
Non Current Assets Total	0.75	0.35	0.48	0.43	0.37	0.7	0.54	-0.65	0.47	0.19		0.55	0.19	0.65	0.53	0.37	0.59	0.29	0.56	0.54	0.7	0.42	0.2	0.31	-0.51	-0.34
Non Currrent Assets Other	0.32	0.21	0.75	0.48	0.08	0.51	0.21	-0.39	0.19	0.18	0.55		-0.09	0.53	0.36	0.08	0.47	0.14	0.38	0.31	0.67	0.13	0.24	-0.09	-0.38	-0.55
Cash And Short Term Investments	0.71	0.6	0.07	0.24	0.47	0.24	0.07	-0.62	0.23	0.71	0.19	-0.09		0.15	0.57	0.6	0.1	0.29	0.57	0.65	0.17	0.91	0.18	0.03	-0.03	0.54
Net Receivables	0.72	0.18	0.53	0.71	0.8	0.92	0.15	-0.75	0.81	0.11	0.65	0.53	0.15		0.77	0.17	0.93	0.11	0.77	0.51	0.83	0.54	0.44	0.55	-0.05	-0.02
Common Stock Shares Outstanding	0.83	0.59	0.46	0.56	0.73	0.71	0.09	-0.96	0.47	0.62	0.53	0.36	0.57	0.77		0.61	0.6	0.31	1.0	0.82	0.72	0.78	0.32	0.4	0.02	0.07
Non Current Liabilities Total	0.56	0.9	0.15	-0.05	0.16	0.25	0.5	-0.57	-0.09	0.72	0.37	0.08	0.6	0.17	0.61		-0.01	0.56	0.63	0.86	0.25	0.54	-0.22	0.0	-0.07	0.04
Inventory	0.63	-0.02	0.39	0.63	0.78	0.94	0.13	-0.59	0.88	-0.09	0.59	0.47	0.1	0.93	0.6	-0.01		0.15	0.6	0.31	0.82	0.5	0.38	0.47	-0.19	0.07
Other Current Assets	0.3	0.6	0.13	0.05	0.0	0.34	0.55	-0.27	-0.12	0.36	0.29	0.14	0.29	0.11	0.31	0.56	0.15		0.36	0.52	0.19	0.3	-0.07	-0.23	-0.35	-0.07
Other Stockholder Equity	0.83	0.62	0.48	0.56	0.71	0.72	0.14	-0.96	0.46	0.62	0.56	0.38	0.57	0.77	1.0	0.63	0.6	0.36		0.84	0.73	0.77	0.32	0.4	-0.02	0.04
Total Liab	0.78	0.93	0.52	0.47	0.41	0.52	0.45	-0.8	0.19	0.79	0.54	0.31	0.65	0.51	0.82	0.86	0.31	0.52	0.84		0.51	0.73	0.28	0.23	-0.06	0.01
Property Plant And Equipment Gross	0.67	0.23	0.53	0.56	0.62	0.86	0.2	-0.7	0.62	0.18	0.7	0.67	0.17	0.83	0.72	0.25	0.82	0.19	0.73	0.51		0.5	0.27	0.34	-0.32	-0.16
Total Current Assets	0.9	0.54	0.24	0.49	0.75	0.61	0.11	-0.82	0.56	0.6	0.42	0.13	0.91	0.54	0.78	0.54	0.5	0.3	0.77	0.73	0.5		0.32	0.24	-0.08	0.48
Short Term Debt	0.35	0.13	0.58	0.92	0.37	0.28	-0.16	-0.33	0.35	0.25	0.2	0.24	0.18	0.44	0.32	-0.22	0.38	-0.07	0.32	0.28	0.27	0.32		0.39	0.1	-0.02
Intangible Assets	0.39	0.0	0.28	0.47	0.56	0.31	-0.05	-0.43	0.54	-0.02	0.31	-0.09	0.03	0.55	0.4	0.0	0.47	-0.23	0.4	0.23	0.34	0.24	0.39		0.31	0.09
Common Stock Total Equity	-0.15	-0.07	-0.09	-0.01	0.22	-0.28	-0.45	0.01	-0.02	0.03	-0.51	-0.38	-0.03	-0.05	0.02	-0.07	-0.19	-0.35	-0.02	-0.06	-0.32	-0.08	0.1	0.31		0.34
Short Term Investments	0.2	-0.07	-0.49	-0.06	0.47	0.06	-0.07	-0.07	0.42	-0.09	-0.34	-0.55	0.54	-0.02	0.07	0.04	0.07	-0.07	0.04	0.01	-0.16	0.48	-0.02	0.09	0.34

Click cells to compare fundamentals

Viavi Solutions Account Relationship Matchups

Viavi Solutions fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.8B	2.0B	1.8B	1.9B	1.7B	2.3B
Short Long Term Debt Total	603.7M	669.8M	684.9M	725.7M	834.6M	438.2M
Other Current Liab	122.4M	157.9M	161.6M	121.5M	109.4M	105.3M
Total Current Liabilities	232.8M	705M	369.3M	343.5M	395.0M	353.3M
Total Stockholder Equity	711.4M	774.8M	671.7M	690.8M	621.7M	590.6M
Property Plant And Equipment Net	172.5M	196M	228.9M	243M	279.5M	242.9M
Net Debt	64.7M	(28M)	125M	219.2M	252.1M	264.7M
Retained Earnings	(69.4B)	(69.4B)	(69.5B)	(69.6B)	(62.6B)	(65.8B)
Accounts Payable	53M	63.2M	58.3M	47.2M	54.3M	81.4M
Cash	539M	697.8M	559.9M	506.5M	582.5M	379.8M
Non Current Assets Total	862.7M	849.3M	822.8M	905.5M	815.0M	1.4B
Non Currrent Assets Other	54.8M	52.8M	55.9M	56.8M	51.1M	55.5M
Cash And Short Term Investments	540.5M	699.4M	561.3M	521.1M	599.3M	787.4M
Net Receivables	235.5M	256.5M	260.9M	231.2M	265.9M	212.3M
Common Stock Shares Outstanding	233.7M	236.3M	238.2M	226.6M	260.6M	180.5M
Liabilities And Stockholders Equity	1.8B	2.0B	1.8B	1.9B	1.7B	2.3B
Non Current Liabilities Total	832.1M	481.6M	786.9M	816.2M	938.6M	528.1M
Inventory	83.3M	94.9M	110.1M	116.1M	133.5M	123.5M
Other Stockholder Equity	70.3B	70.3B	70.4B	70.4B	81.0B	56.0B
Total Liab	1.1B	1.2B	1.2B	1.2B	1.3B	881.5M
Property Plant And Equipment Gross	213M	196M	228.9M	243M	279.5M	239.3M
Total Current Assets	913.6M	1.1B	1.0B	945M	1.1B	1.2B
Accumulated Other Comprehensive Income	(165.9M)	(97.2M)	(156.4M)	(136M)	(122.4M)	(116.3M)
Short Term Debt	2.8M	414.2M	68.4M	96.2M	110.6M	99.2M
Intangible Assets	148.1M	88M	54.2M	58.6M	52.7M	50.1M
Other Liab	201M	186.9M	226M	170.4M	196.0M	131.7M
Other Assets	121.2M	115.7M	168.8M	152.1M	136.9M	121.0M
Long Term Debt	600.9M	255.6M	616.5M	629.5M	723.9M	480.1M
Property Plant Equipment	213M	196M	228.9M	243M	218.7M	227.0M
Good Will	381.4M	396.5M	387.6M	455.2M	409.7M	482.4M
Current Deferred Revenue	55.3M	54.6M	69.7M	81M	70.7M	68.2M
Net Tangible Assets	181.9M	290.3M	229.9M	632.2M	569.0M	385.8M
Retained Earnings Total Equity	(69.4B)	(69.4B)	(69.5B)	(69.6B)	(62.6B)	(65.8B)
Long Term Debt Total	600.9M	255.6M	616.5M	629.5M	723.9M	614.3M
Capital Surpluse	70.3B	70.3B	70.4B	70.4B	81.0B	77.1B
Non Current Liabilities Other	40.3M	226M	170.4M	186.7M	168.0M	144.1M

Pair Trading with Viavi Solutions

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 Viavi Solutions 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 Viavi Solutions will appreciate offsetting losses from the drop in the long position's value.

Moving together with Viavi Stock

0.74	EBON	Ebang International Earnings Call Today	Pair Corr
0.77	FFIV	F5 Networks Earnings Call This Week	Pair Corr

Moving against Viavi Stock

0.83	VRME	VerifyMe	Pair Corr
0.69	WDC	Western Digital Financial Report 29th of July 2024	Pair Corr
0.65	FKWL	Franklin Wireless Corp	Pair Corr
0.54	MSI	Motorola Solutions	Pair Corr

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

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

When determining whether Viavi Solutions is a strong investment it is important to analyze Viavi Solutions' 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 Viavi Solutions' future performance. For an informed investment choice regarding Viavi Stock, refer to the following important reports:

How To Invest In Viavi

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Is Viavi Stock a good investment?

Details

What is Viavi Solutions' Net Worth?

Details

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Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Viavi Solutions. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation.

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

Note that the Viavi Solutions information on this page should be used as a complementary analysis to other Viavi Solutions' 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 Portfolio Dashboard module to portfolio dashboard that provides centralized access to all your investments.

Complementary Tools for Viavi Stock analysis

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

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Is Viavi Solutions' 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 Viavi Solutions. If investors know Viavi 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 Viavi Solutions 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

(0.73)

Earnings Share

(0.02)

Revenue Per Share

4.551

Quarterly Revenue Growth

0.166

Return On Assets

0.0096

The market value of Viavi Solutions is measured differently than its book value, which is the value of Viavi that is recorded on the company's balance sheet. Investors also form their own opinion of Viavi Solutions' value that differs from its market value or its book value, called intrinsic value, which is Viavi Solutions' 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 Viavi Solutions' market value can be influenced by many factors that don't directly affect Viavi Solutions' 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 Viavi Solutions' value and its price as these two are different measures arrived at by different means. Investors typically determine if Viavi Solutions is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Viavi Solutions' 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.

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Viavi Good Will vs Net Debt Analysis

Good Will vs Net Debt

Good Will vs Net Debt Correlation Analysis

Correlation Coefficient

Good Will

Net Debt

Viavi Solutions fundamental ratios Correlations

Viavi Solutions Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Viavi Solutions fundamental ratios Accounts

Pair Trading with Viavi Solutions

Moving together with Viavi Stock

Moving against Viavi Stock

Complementary Tools for Viavi Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Other Stockholder Equity	+ 1.0	Common Stock Shares Outstanding
Inventory	+ 0.94	Property Plant And Equipment Net
Total Liab	+ 0.93	Short Long Term Debt Total
Inventory	+ 0.93	Net Receivables
Short Term Debt	+ 0.92	Total Current Liabilities
Net Receivables	+ 0.92	Property Plant And Equipment Net

Other Stockholder Equity	- 0.96	Retained Earnings
Common Stock Shares Outstanding	- 0.96	Retained Earnings
Retained Earnings	- 0.92	Total Assets
Total Current Assets	- 0.82	Retained Earnings
Total Liab	- 0.8	Retained Earnings
Net Receivables	- 0.75	Retained Earnings