Cognizant Free Cash Flow vs Other Non Cash Items Analysis

0QZ5 Stock

80.23 0.44 0.55%

Cognizant Technology financial indicator trend analysis is way more than just evaluating Cognizant Technology prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Cognizant Technology is a good investment. Please check the relationship between Cognizant Technology Free Cash Flow and its Other Non Cash Items accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cognizant Technology Solutions. 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.

Free Cash Flow vs Other Non Cash Items

Free Cash Flow vs Other Non Cash Items Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Cognizant Technology Free Cash Flow account and Other Non Cash Items. At this time, the significance of the direction appears to have weak relationship.

The correlation between Cognizant Technology's Free Cash Flow and Other Non Cash Items is 0.35. Overlapping area represents the amount of variation of Free Cash Flow that can explain the historical movement of Other Non Cash Items in the same time period over historical financial statements of Cognizant Technology Solutions, assuming nothing else is changed. The correlation between historical values of Cognizant Technology's Free Cash Flow and Other Non Cash Items is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Free Cash Flow of Cognizant Technology Solutions are associated (or correlated) with its Other Non Cash Items. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Non Cash Items has no effect on the direction of Free Cash Flow i.e., Cognizant Technology's Free Cash Flow and Other Non Cash Items go up and down completely randomly.

Correlation Coefficient

0.35

Relationship Direction	Positive
Relationship Strength	Very Weak

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Free Cash Flow

The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.

Other Non Cash Items

Most indicators from Cognizant Technology's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Cognizant 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Cognizant Technology Solutions. 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.

Selling General Administrative is likely to gain to about 4.2 B in 2024, whereas Tax Provision is likely to drop slightly above 721.4 M in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	6.9B	7.0B	6.7B	7.0B
Total Revenue	18.5B	19.4B	19.4B	20.3B

Gross Profit Total Revenue

Cognizant Technology fundamental ratios Correlations

	Total Assets	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	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Intangible Assets	Common Stock	Good Will	Current Deferred Revenue	Short Term Investments	Inventory	Short Term Debt
Total Assets		0.82	0.98	0.99	0.78	0.06	0.99	0.92	0.62	0.95	0.89	0.37	0.99	0.4	0.92	0.9	-0.55	0.97	0.72	0.95	0.75	0.92	0.88	0.0	0.94	-0.46
Other Current Liab	0.82		0.86	0.79	0.91	0.05	0.78	0.74	0.8	0.72	0.58	0.57	0.79	0.46	0.79	0.7	-0.28	0.84	0.89	0.78	0.87	0.66	0.95	0.21	0.8	-0.28
Total Current Liabilities	0.98	0.86		0.96	0.82	0.06	0.95	0.92	0.68	0.94	0.84	0.37	0.96	0.44	0.93	0.88	-0.47	0.99	0.72	0.93	0.76	0.9	0.9	-0.03	0.94	-0.36
Total Stockholder Equity	0.99	0.79	0.96		0.73	0.01	1.0	0.89	0.6	0.93	0.88	0.41	0.99	0.43	0.88	0.89	-0.52	0.94	0.73	0.94	0.75	0.9	0.86	0.05	0.94	-0.45
Property Plant And Equipment Net	0.78	0.91	0.82	0.73		0.07	0.73	0.79	0.81	0.75	0.64	0.31	0.75	0.33	0.85	0.77	-0.39	0.85	0.71	0.72	0.67	0.69	0.87	-0.08	0.7	-0.27
Net Debt	0.06	0.05	0.06	0.01	0.07		0.02	0.1	-0.38	0.17	0.04	-0.24	-0.01	-0.53	0.29	-0.02	-0.43	0.17	-0.09	0.33	0.08	0.22	0.1	-0.02	-0.09	-0.66
Retained Earnings	0.99	0.78	0.95	1.0	0.73	0.02		0.89	0.58	0.94	0.89	0.38	1.0	0.4	0.88	0.9	-0.55	0.94	0.71	0.93	0.73	0.91	0.86	0.02	0.93	-0.47
Accounts Payable	0.92	0.74	0.92	0.89	0.79	0.1	0.89		0.56	0.97	0.91	0.04	0.9	0.2	0.93	0.93	-0.64	0.94	0.48	0.84	0.51	0.96	0.82	-0.33	0.78	-0.42
Cash	0.62	0.8	0.68	0.6	0.81	-0.38	0.58	0.56		0.52	0.44	0.48	0.61	0.53	0.56	0.52	-0.01	0.63	0.71	0.49	0.67	0.45	0.73	0.0	0.69	0.11
Non Current Assets Total	0.95	0.72	0.94	0.93	0.75	0.17	0.94	0.97	0.52		0.95	0.08	0.94	0.18	0.95	0.92	-0.68	0.96	0.51	0.91	0.56	0.99	0.81	-0.28	0.82	-0.51
Non Currrent Assets Other	0.89	0.58	0.84	0.88	0.64	0.04	0.89	0.91	0.44	0.95		0.0	0.88	0.14	0.87	0.93	-0.72	0.87	0.4	0.81	0.43	0.94	0.68	-0.34	0.75	-0.47
Cash And Short Term Investments	0.37	0.57	0.37	0.41	0.31	-0.24	0.38	0.04	0.48	0.08	0.0		0.38	0.73	0.16	0.13	0.26	0.28	0.85	0.36	0.79	0.0	0.48	0.86	0.56	-0.02
Net Receivables	0.99	0.79	0.96	0.99	0.75	-0.01	1.0	0.9	0.61	0.94	0.88	0.38		0.44	0.89	0.9	-0.52	0.94	0.72	0.92	0.73	0.91	0.87	0.01	0.93	-0.41
Common Stock Shares Outstanding	0.4	0.46	0.44	0.43	0.33	-0.53	0.4	0.2	0.53	0.18	0.14	0.73	0.44		0.18	0.27	0.46	0.33	0.63	0.26	0.6	0.1	0.33	0.47	0.56	0.4
Non Current Liabilities Total	0.92	0.79	0.93	0.88	0.85	0.29	0.88	0.93	0.56	0.95	0.87	0.16	0.89	0.18		0.89	-0.67	0.98	0.58	0.93	0.63	0.92	0.85	-0.18	0.79	-0.56
Other Current Assets	0.9	0.7	0.88	0.89	0.77	-0.02	0.9	0.93	0.52	0.92	0.93	0.13	0.9	0.27	0.89		-0.67	0.9	0.54	0.79	0.49	0.89	0.78	-0.21	0.76	-0.38
Other Stockholder Equity	-0.55	-0.28	-0.47	-0.52	-0.39	-0.43	-0.55	-0.64	-0.01	-0.68	-0.72	0.26	-0.52	0.46	-0.67	-0.67		-0.57	-0.11	-0.59	-0.09	-0.7	-0.48	0.33	-0.33	0.8
Total Liab	0.97	0.84	0.99	0.94	0.85	0.17	0.94	0.94	0.63	0.96	0.87	0.28	0.94	0.33	0.98	0.9	-0.57		0.67	0.94	0.72	0.93	0.89	-0.1	0.88	-0.46
Total Current Assets	0.72	0.89	0.72	0.73	0.71	-0.09	0.71	0.48	0.71	0.51	0.4	0.85	0.72	0.63	0.58	0.54	-0.11	0.67		0.69	0.94	0.43	0.84	0.58	0.79	-0.24
Intangible Assets	0.95	0.78	0.93	0.94	0.72	0.33	0.93	0.84	0.49	0.91	0.81	0.36	0.92	0.26	0.93	0.79	-0.59	0.94	0.69		0.78	0.9	0.85	0.07	0.88	-0.63
Common Stock	0.75	0.87	0.76	0.75	0.67	0.08	0.73	0.51	0.67	0.56	0.43	0.79	0.73	0.6	0.63	0.49	-0.09	0.72	0.94	0.78		0.51	0.82	0.51	0.83	-0.29
Good Will	0.92	0.66	0.9	0.9	0.69	0.22	0.91	0.96	0.45	0.99	0.94	0.0	0.91	0.1	0.92	0.89	-0.7	0.93	0.43	0.9	0.51		0.77	-0.33	0.78	-0.53
Current Deferred Revenue	0.88	0.95	0.9	0.86	0.87	0.1	0.86	0.82	0.73	0.81	0.68	0.48	0.87	0.33	0.85	0.78	-0.48	0.89	0.84	0.85	0.82	0.77		0.13	0.82	-0.45
Short Term Investments	0.0	0.21	-0.03	0.05	-0.08	-0.02	0.02	-0.33	0.0	-0.28	-0.34	0.86	0.01	0.47	-0.18	-0.21	0.33	-0.1	0.58	0.07	0.51	-0.33	0.13		0.17	-0.07
Inventory	0.94	0.8	0.94	0.94	0.7	-0.09	0.93	0.78	0.69	0.82	0.75	0.56	0.93	0.56	0.79	0.76	-0.33	0.88	0.79	0.88	0.83	0.78	0.82	0.17		-0.28
Short Term Debt	-0.46	-0.28	-0.36	-0.45	-0.27	-0.66	-0.47	-0.42	0.11	-0.51	-0.47	-0.02	-0.41	0.4	-0.56	-0.38	0.8	-0.46	-0.24	-0.63	-0.29	-0.53	-0.45	-0.07	-0.28

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Cognizant Technology Account Relationship Matchups

Cognizant Technology fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	15.9B	16.2B	16.9B	17.9B	18.5B	19.4B
Other Current Liab	2.0B	2.5B	2.5B	2.2B	2.2B	1.2B
Total Current Liabilities	3.0B	3.5B	3.5B	3.3B	3.3B	3.5B
Total Stockholder Equity	11.0B	10.8B	12.0B	12.3B	13.2B	13.9B
Property Plant And Equipment Net	2.2B	2.3B	2.1B	2.0B	1.7B	933.8M
Net Debt	(960M)	(922M)	(150M)	(657M)	(1.3B)	(1.2B)
Retained Earnings	11.0B	10.7B	11.9B	12.6B	13.3B	14.0B
Accounts Payable	239M	389M	361M	360M	337M	353.9M
Cash	2.6B	2.7B	1.8B	2.2B	2.6B	1.3B
Non Current Assets Total	8.6B	10.1B	10.5B	10.6B	11.0B	11.5B
Non Currrent Assets Other	736M	846M	701M	662M	1.0B	1.1B
Cash And Short Term Investments	3.4B	2.7B	2.7B	2.5B	2.6B	2.3B
Net Receivables	3.3B	3.1B	3.6B	3.8B	3.8B	4.0B
Common Stock Shares Outstanding	560M	541M	528M	519M	505M	608.7M
Liabilities And Stockholders Equity	15.9B	16.2B	16.9B	17.9B	18.5B	19.4B
Non Current Liabilities Total	2.2B	2.5B	2.3B	2.2B	1.9B	2.0B
Other Current Assets	931M	1.0B	1.1B	969M	1.0B	1.1B
Other Stockholder Equity	33M	32M	27M	15M	13.5M	12.8M
Total Liab	5.2B	6.1B	5.9B	5.5B	5.3B	5.5B
Total Current Assets	7.6B	6.9B	7.3B	7.3B	7.5B	4.4B
Accumulated Other Comprehensive Income	(38M)	110M	37M	(299M)	(94M)	(89.3M)
Intangible Assets	1.0B	1.0B	1.2B	1.2B	1.1B	1.2B
Good Will	4.0B	5.0B	5.6B	5.7B	6.1B	6.4B
Short Term Investments	779M	44M	927M	310M	14M	13.3M
Short Term Debt	240M	249M	233M	182M	339M	313.8M
Other Assets	1.3B	1.7B	1.5B	1.7B	1.9B	1.1B
Short Long Term Debt Total	1.7B	1.8B	1.6B	1.5B	1.3B	1.5B
Other Liab	739M	1.0B	918M	836M	752.4M	734.8M
Net Tangible Assets	6.0B	4.8B	5.2B	5.4B	4.9B	4.7B
Long Term Debt	736M	700M	663M	626M	563.4M	547.7M
Capital Surpluse	47M	33M	32M	27M	24.3M	30.1M
Deferred Long Term Liab	485M	467M	394M	265M	238.5M	308.5M
Property Plant Equipment	2.2B	2.3B	2.1B	2.0B	2.3B	2.1B

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Cognizant Free Cash Flow vs Other Non Cash Items Analysis

Free Cash Flow vs Other Non Cash Items

Free Cash Flow vs Other Non Cash Items Correlation Analysis

Correlation Coefficient

Free Cash Flow

Other Non Cash Items

Cognizant Technology fundamental ratios Correlations

Cognizant Technology Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Cognizant Technology fundamental ratios Accounts

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Additional Tools for Cognizant Stock Analysis

COMMON DESTINATIONS

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COMPANY

Retained Earnings	+ 1.0	Total Stockholder Equity
Net Receivables	+ 1.0	Retained Earnings
Total Stockholder Equity	+ 0.99	Total Assets
Retained Earnings	+ 0.99	Total Assets
Net Receivables	+ 0.99	Total Assets
Total Liab	+ 0.99	Total Current Liabilities

Other Stockholder Equity	- 0.72	Non Currrent Assets Other
Good Will	- 0.7	Other Stockholder Equity
Other Stockholder Equity	- 0.68	Non Current Assets Total
Other Stockholder Equity	- 0.67	Other Current Assets
Other Stockholder Equity	- 0.67	Non Current Liabilities Total
Short Term Debt	- 0.66	Net Debt