Cerence Depreciation vs Free Cash Flow Analysis
| CRNC Stock | USD 7.20 1.37 23.50% |
Cerence financial indicator trend analysis is way more than just evaluating Cerence prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Cerence is a good investment. Please check the relationship between Cerence Depreciation and its Free Cash Flow accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cerence. 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 information on how to trade Cerence Stock refer to our How to Trade Cerence Stock guide.
Depreciation vs Free Cash Flow
Depreciation vs Free Cash Flow Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Cerence Depreciation account and Free Cash Flow. At this time, the significance of the direction appears to have almost no relationship.
The correlation between Cerence's Depreciation and Free Cash Flow is 0.11. Overlapping area represents the amount of variation of Depreciation that can explain the historical movement of Free Cash Flow in the same time period over historical financial statements of Cerence, assuming nothing else is changed. The correlation between historical values of Cerence's Depreciation and Free Cash Flow is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Depreciation of Cerence are associated (or correlated) with its Free Cash Flow. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow has no effect on the direction of Depreciation i.e., Cerence's Depreciation and Free Cash Flow go up and down completely randomly.
Correlation Coefficient | 0.11 |
| Relationship Direction | Positive |
| Relationship Strength | Insignificant |
Depreciation
Depreciation indicates how much of Cerence value has been used up. For tax purposes Cerence can deduct the cost of the tangible assets it purchases as business expenses. However, Cerence must depreciate these assets in accordance with IRS rules about how and when the deduction may be taken, and how long it will last. The systematic allocation of the cost of a tangible asset over its useful life.Free Cash Flow
The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.Most indicators from Cerence's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Cerence 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 Cerence. 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 information on how to trade Cerence Stock refer to our How to Trade Cerence Stock guide.As of November 24, 2024, Tax Provision is expected to decline to about 13.6 M. In addition to that, Selling General Administrative is expected to decline to about 41.2 M
| 2021 | 2022 | 2023 | 2024 (projected) | Depreciation And Amortization | 23.9M | 16.0M | 18.4M | 26.6M | Interest Income | 1.0M | 4.5M | 5.1M | 5.4M |
Cerence fundamental ratios Correlations
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Cerence Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Cerence fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Assets | 1.7B | 1.7B | 1.3B | 1.3B | 1.5B | 1.6B | |
| Other Current Liab | 163.3M | 55.5M | 43.0M | 41.3M | 47.5M | 46.5M | |
| Total Current Liabilities | 200.8M | 165.3M | 147.0M | 148.1M | 170.3M | 149.3M | |
| Total Stockholder Equity | 957.8M | 1.0B | 713.0M | 694.9M | 625.4M | 746.8M | |
| Property Plant And Equipment Net | 49.6M | 46.4M | 52.4M | 46.0M | 52.9M | 35.3M | |
| Current Deferred Revenue | 112.5M | 78.4M | 72.7M | 77.1M | 88.6M | 86.9M | |
| Accounts Payable | 8.4M | 11.6M | 10.4M | 16.9M | 19.4M | 11.3M | |
| Non Current Assets Total | 1.4B | 1.4B | 1.1B | 1.1B | 964.7M | 1.0B | |
| Non Currrent Assets Other | 14.9M | 51.8M | 74.5M | 64.5M | 74.1M | 77.8M | |
| Other Assets | 186.5M | 214.9M | 211.1M | 123.4M | 141.9M | 163.0M | |
| Net Receivables | 49.9M | 45.6M | 45.1M | 61.3M | 55.1M | 46.9M | |
| Good Will | 1.1B | 1.1B | 890.8M | 900.3M | 810.3M | 843.0M | |
| Common Stock Shares Outstanding | 36.4M | 39.3M | 39.2M | 40.2M | 41.6M | 41.8M | |
| Liabilities And Stockholders Equity | 1.7B | 1.7B | 1.3B | 1.3B | 1.5B | 1.6B | |
| Non Current Liabilities Total | 528.9M | 508.5M | 458.5M | 454.6M | 522.8M | 407.8M | |
| Other Current Assets | 51.5M | 82.6M | 67.3M | 93.8M | 107.9M | 113.3M | |
| Other Stockholder Equity | 974.3M | 1.0B | 1.0B | 1.1B | 950.5M | 823.9M | |
| Total Liab | 729.7M | 673.8M | 605.5M | 602.7M | 693.1M | 557.1M | |
| Property Plant And Equipment Gross | 49.6M | 46.4M | 52.4M | 46.0M | 52.9M | 35.3M | |
| Total Current Assets | 249.1M | 287.0M | 227.5M | 225.7M | 259.6M | 179.4M | |
| Accumulated Other Comprehensive Income | 3.7M | 1.6M | (33.7M) | (28.0M) | (32.2M) | (33.8M) | |
| Non Current Liabilities Other | 31.6M | 243.4M | 21.7M | 25.2M | 29.0M | 52.7M | |
| Short Term Debt | 12.2M | 11.2M | 16.5M | 5.9M | 5.3M | 5.0M | |
| Intangible Assets | 45.6M | 25.3M | 9.7M | 3.9M | 3.5M | 3.3M | |
| Property Plant Equipment | 20.1M | 49.6M | 46.4M | 52.4M | 60.3M | 33.1M | |
| Other Liab | 286.6M | 243.1M | 231.2M | 186.9M | 168.2M | 196.6M | |
| Net Tangible Assets | (116.8M) | (216.1M) | (121.9M) | (187.6M) | (168.8M) | (177.2M) | |
| Deferred Long Term Liab | 32.4M | 38.2M | 31.7M | 22.5M | 20.2M | 29.0M | |
| Net Invested Capital | 1.2B | 1.3B | 983.3M | 970.8M | 1.1B | 1.2B | |
| Net Working Capital | 48.4M | 121.7M | 80.5M | 77.6M | 89.3M | 93.7M | |
| Common Stock | 369K | 381K | 394K | 404K | 363.6K | 345.4K |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Cerence offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Cerence's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Cerence Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Cerence Stock:Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cerence. 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 information on how to trade Cerence Stock refer to our How to Trade Cerence Stock guide.You can also try the Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.
Is Systems Software space 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 Cerence. If investors know Cerence 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 Cerence 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 (0.10) | Earnings Share (14.12) | Revenue Per Share 8.663 | Quarterly Revenue Growth 0.144 | Return On Assets 0.0377 |
The market value of Cerence is measured differently than its book value, which is the value of Cerence that is recorded on the company's balance sheet. Investors also form their own opinion of Cerence's value that differs from its market value or its book value, called intrinsic value, which is Cerence'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 Cerence's market value can be influenced by many factors that don't directly affect Cerence'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 Cerence's value and its price as these two are different measures arrived at by different means. Investors typically determine if Cerence is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cerence'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.