Converge Net Debt vs Current Deferred Revenue Analysis

CTS Stock

CAD 3.36 0.06 1.82%

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

Net Debt vs Current Deferred Revenue

Net Debt vs Current Deferred Revenue Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Converge Technology Net Debt account and Current Deferred Revenue. At this time, the significance of the direction appears to have strong relationship.

The correlation between Converge Technology's Net Debt and Current Deferred Revenue is 0.66. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Current Deferred Revenue in the same time period over historical financial statements of Converge Technology Solutions, assuming nothing else is changed. The correlation between historical values of Converge Technology's Net Debt and Current Deferred Revenue 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 Converge Technology Solutions are associated (or correlated) with its Current Deferred Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Current Deferred Revenue has no effect on the direction of Net Debt i.e., Converge Technology's Net Debt and Current Deferred Revenue go up and down completely randomly.

Correlation Coefficient

0.66

Relationship Direction	Positive
Relationship Strength	Significant

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.

Current Deferred Revenue

Revenue that has been collected but not yet earned, typically from prepaid service contracts or subscriptions. This amount is considered a liability until the service is provided or the subscription period ends.

Most indicators from Converge Technology's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Converge 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 Converge 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.

As of the 22nd of November 2024, Selling General Administrative is likely to grow to about 572.1 M, though Tax Provision is likely to grow to (11.6 M).

	2021	2022	2023	2024 (projected)
Gross Profit	345.7M	550.8M	591.4M	311.6M
Total Revenue	1.5B	2.2B	2.7B	2.8B

Gross Profit Total Revenue

Converge Technology fundamental ratios Correlations

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Net Tangible Assets	Net Debt	Retained Earnings	Accounts Payable	Cash	Cash And Short Term Investments	Total Liab	Total Current Assets	Common Stock	Short Long Term Debt Total	Other Current Liab	Other Liab	Property Plant And Equipment Net	Current Deferred Revenue	Non Current Assets Total	Long Term Debt	Net Receivables	Good Will	Common Stock Shares Outstanding	Long Term Debt Total	Non Current Liabilities Total	Inventory	Other Current Assets
Total Assets		0.92	0.96	-0.86	0.6	-0.64	0.99	0.83	0.83	0.99	0.93	0.96	0.9	0.81	0.98	0.92	0.99	0.99	0.7	0.94	0.99	0.93	0.92	0.88	0.87	0.85
Total Current Liabilities	0.92		0.83	-0.85	0.6	-0.67	0.9	0.8	0.8	0.93	0.97	0.84	0.85	0.92	0.85	0.98	0.9	0.9	0.44	0.97	0.88	0.95	0.85	0.66	0.91	0.92
Total Stockholder Equity	0.96	0.83		-0.69	0.36	-0.51	0.93	0.92	0.92	0.91	0.91	1.0	0.75	0.75	0.98	0.84	0.94	0.95	0.63	0.88	0.96	0.91	0.79	0.82	0.89	0.72
Net Tangible Assets	-0.86	-0.85	-0.69		-0.92	0.59	-0.87	-0.48	-0.48	-0.92	-0.77	-0.69	-0.99	-0.78	-0.79	-0.89	-0.89	-0.87	-0.69	-0.84	-0.85	-0.74	-0.95	-0.8	-0.66	-0.9
Net Debt	0.6	0.6	0.36	-0.92		-0.43	0.63	0.1	0.1	0.69	0.47	0.36	0.88	0.54	0.52	0.65	0.66	0.63	0.64	0.58	0.6	0.42	0.81	0.65	0.33	0.71
Retained Earnings	-0.64	-0.67	-0.51	0.59	-0.43		-0.7	-0.56	-0.56	-0.68	-0.66	-0.55	-0.57	-0.45	-0.56	-0.58	-0.58	-0.57	-0.42	-0.66	-0.55	-0.74	-0.72	-0.52	-0.47	-0.73
Accounts Payable	0.99	0.9	0.93	-0.87	0.63	-0.7		0.81	0.81	0.99	0.92	0.94	0.91	0.77	0.97	0.91	0.99	0.98	0.74	0.94	0.98	0.93	0.94	0.9	0.82	0.85
Cash	0.83	0.8	0.92	-0.48	0.1	-0.56	0.81		1.0	0.77	0.91	0.93	0.53	0.68	0.85	0.78	0.78	0.8	0.39	0.84	0.81	0.93	0.61	0.61	0.88	0.66
Cash And Short Term Investments	0.83	0.8	0.92	-0.48	0.1	-0.56	0.81	1.0		0.77	0.91	0.93	0.53	0.68	0.85	0.78	0.78	0.8	0.39	0.84	0.81	0.93	0.61	0.61	0.88	0.66
Total Liab	0.99	0.93	0.91	-0.92	0.69	-0.68	0.99	0.77	0.77		0.92	0.91	0.94	0.82	0.96	0.93	0.99	0.98	0.71	0.94	0.98	0.92	0.96	0.88	0.83	0.89
Total Current Assets	0.93	0.97	0.91	-0.77	0.47	-0.66	0.92	0.91	0.91	0.92		0.91	0.79	0.84	0.9	0.96	0.91	0.91	0.5	0.99	0.91	0.99	0.82	0.71	0.92	0.87
Common Stock	0.96	0.84	1.0	-0.69	0.36	-0.55	0.94	0.93	0.93	0.91	0.91		0.76	0.75	0.98	0.85	0.94	0.95	0.64	0.89	0.96	0.92	0.79	0.83	0.89	0.73
Short Long Term Debt Total	0.9	0.85	0.75	-0.99	0.88	-0.57	0.91	0.53	0.53	0.94	0.79	0.76		0.78	0.85	0.89	0.94	0.92	0.74	0.86	0.9	0.77	0.96	0.85	0.69	0.88
Other Current Liab	0.81	0.92	0.75	-0.78	0.54	-0.45	0.77	0.68	0.68	0.82	0.84	0.75	0.78		0.74	0.9	0.8	0.82	0.23	0.83	0.8	0.82	0.74	0.48	0.93	0.83
Other Liab	0.98	0.85	0.98	-0.79	0.52	-0.56	0.97	0.85	0.85	0.96	0.9	0.98	0.85	0.74		0.88	0.98	0.99	0.75	0.9	0.99	0.9	0.88	0.91	0.84	0.79
Property Plant And Equipment Net	0.92	0.98	0.84	-0.89	0.65	-0.58	0.91	0.78	0.78	0.93	0.96	0.85	0.89	0.9	0.88		0.92	0.92	0.53	0.98	0.91	0.92	0.88	0.72	0.89	0.93
Current Deferred Revenue	0.99	0.9	0.94	-0.89	0.66	-0.58	0.99	0.78	0.78	0.99	0.91	0.94	0.94	0.8	0.98	0.92		1.0	0.74	0.93	1.0	0.89	0.93	0.9	0.84	0.84
Non Current Assets Total	0.99	0.9	0.95	-0.87	0.63	-0.57	0.98	0.8	0.8	0.98	0.91	0.95	0.92	0.82	0.99	0.92	1.0		0.73	0.93	1.0	0.9	0.92	0.89	0.86	0.84
Long Term Debt	0.7	0.44	0.63	-0.69	0.64	-0.42	0.74	0.39	0.39	0.71	0.5	0.64	0.74	0.23	0.75	0.53	0.74	0.73		0.57	0.74	0.5	0.77	0.96	0.28	0.53
Net Receivables	0.94	0.97	0.88	-0.84	0.58	-0.66	0.94	0.84	0.84	0.94	0.99	0.89	0.86	0.83	0.9	0.98	0.93	0.93	0.57		0.92	0.96	0.87	0.76	0.88	0.9
Good Will	0.99	0.88	0.96	-0.85	0.6	-0.55	0.98	0.81	0.81	0.98	0.91	0.96	0.9	0.8	0.99	0.91	1.0	1.0	0.74	0.92		0.9	0.91	0.9	0.85	0.82
Common Stock Shares Outstanding	0.93	0.95	0.91	-0.74	0.42	-0.74	0.93	0.93	0.93	0.92	0.99	0.92	0.77	0.82	0.9	0.92	0.89	0.9	0.5	0.96	0.9		0.83	0.71	0.91	0.87
Long Term Debt Total	0.92	0.85	0.79	-0.95	0.81	-0.72	0.94	0.61	0.61	0.96	0.82	0.79	0.96	0.74	0.88	0.88	0.93	0.92	0.77	0.87	0.91	0.83		0.88	0.69	0.93
Non Current Liabilities Total	0.88	0.66	0.82	-0.8	0.65	-0.52	0.9	0.61	0.61	0.88	0.71	0.83	0.85	0.48	0.91	0.72	0.9	0.89	0.96	0.76	0.9	0.71	0.88		0.55	0.69
Inventory	0.87	0.91	0.89	-0.66	0.33	-0.47	0.82	0.88	0.88	0.83	0.92	0.89	0.69	0.93	0.84	0.89	0.84	0.86	0.28	0.88	0.85	0.91	0.69	0.55		0.76
Other Current Assets	0.85	0.92	0.72	-0.9	0.71	-0.73	0.85	0.66	0.66	0.89	0.87	0.73	0.88	0.83	0.79	0.93	0.84	0.84	0.53	0.9	0.82	0.87	0.93	0.69	0.76

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Converge Technology Account Relationship Matchups

Converge Technology fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	488.9M	720.6M	1.4B	2.2B	2.2B	2.3B
Total Current Liabilities	445.2M	571.5M	591.2M	1.4B	1.0B	608.0M
Total Stockholder Equity	(9.9M)	101.7M	613.5M	599.9M	586.2M	615.5M
Net Tangible Assets	(182.2M)	(117.2M)	56.6M	(427.7M)	(384.9M)	(365.7M)
Net Debt	144.8M	74.4M	(247.0M)	261.8M	262.9M	276.0M
Retained Earnings	(37.9M)	(39.3M)	(25.1M)	(18.4M)	(28.2M)	(29.6M)
Accounts Payable	248.2M	398.0M	519.4M	824.9M	914.0M	959.7M
Cash	20.6M	64.8M	248.2M	159.9M	170.4M	93.8M
Cash And Short Term Investments	20.6M	64.8M	248.2M	159.9M	170.4M	93.8M
Liabilities And Stockholders Equity	488.9M	720.6M	1.4B	2.2B	2.2B	2.3B
Total Liab	498.8M	618.9M	720.0M	1.6B	1.5B	1.6B
Total Current Assets	287.2M	477.3M	780.7M	1.1B	1.1B	548.3M
Common Stock	20.6M	135.4M	633.5M	595.0M	599.4M	629.4M
Short Long Term Debt Total	178.3M	147.2M	12.2M	459.6M	433.3M	455.0M
Other Current Liab	36.4M	22.9M	43.4M	131.0M	46.5M	48.8M
Other Liab	26.1M	33.4M	117.4M	142.3M	163.7M	171.8M
Property Plant And Equipment Net	27.4M	23.6M	30.6M	88.4M	75.5M	40.2M
Current Deferred Revenue	9.7M	17.4M	27.6M	60.2M	59.3M	62.3M
Non Current Assets Total	201.7M	243.3M	588.1M	1.1B	1.1B	1.1B
Other Assets	2.0M	1K	617K	4.6M	5.3M	2.7M
Long Term Debt	14.6M	5.9M	412K	0.0	378.0M	396.9M
Net Receivables	220.1M	364.3M	416.5M	781.7M	814.2M	435.4M
Good Will	80.3M	110.1M	323.3M	563.8M	564.8M	593.0M
Common Stock Shares Outstanding	77.4M	103.0M	187.9M	215.8M	206.7M	134.6M
Long Term Debt Total	27.5M	13.9M	11.4M	37.8M	43.5M	45.7M
Non Current Liabilities Total	53.5M	47.3M	128.8M	180.2M	502.8M	528.0M
Inventory	23.4M	37.9M	104.3M	158.4M	73.2M	66.1M
Other Current Assets	23.1M	10.4M	11.8M	28.3M	26.5M	18.0M
Other Stockholder Equity	7.3M	4.9M	4.7M	9.6M	11.0M	6.0M
Net Invested Capital	155.6M	240.9M	614.7M	1.0B	965.9M	489.6M
Short Long Term Debt	150.9M	133.3M	816K	421.7M	1.7M	1.6M
Accumulated Other Comprehensive Income	69K	817K	329K	13.7M	4.0M	2.9M
Non Current Liabilities Other	33.1M	28.9M	85.3M	77.2M	57.7M	46.9M
Net Working Capital	(158.0M)	(94.2M)	189.5M	(309.6M)	46.0M	48.3M
Short Term Debt	150.9M	133.3M	816K	421.7M	18.6M	17.7M
Intangible Assets	92.0M	108.9M	233.6M	463.8M	375.2M	211.1M
Property Plant Equipment	27.4M	23.6M	30.6M	88.4M	101.6M	106.7M
Non Currrent Assets Other	2.0M	749K	617K	4.6M	53.6M	56.3M
Capital Surpluse	307K	0.0	2.3M	7.9M	9.1M	9.6M
Capital Stock	20.6M	135.4M	633.5M	595.0M	599.4M	367.0M

Pair Trading with Converge Technology

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 Converge Technology 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 Converge Technology will appreciate offsetting losses from the drop in the long position's value.

Moving against Converge Stock

0.68	WMT	Walmart Inc CDR	Pair Corr
0.66	AMZN	Amazon CDR	Pair Corr
0.6	JPM	JPMorgan Chase	Pair Corr
0.6	BN	Brookfield	Pair Corr
0.47	UPS	UPS CDR	Pair Corr

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

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

Other Information on Investing in Converge Stock

Balance Sheet is a snapshot of the financial position of Converge Technology at a specified time, usually calculated after every quarter, six months, or one year. Converge Technology Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Converge Technology and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Converge currently owns. An asset can also be divided into two categories, current and non-current.

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Converge Net Debt vs Current Deferred Revenue Analysis

Net Debt vs Current Deferred Revenue

Net Debt vs Current Deferred Revenue Correlation Analysis

Correlation Coefficient

Net Debt

Current Deferred Revenue

Converge Technology fundamental ratios Correlations

Converge Technology Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Converge Technology fundamental ratios Accounts

Pair Trading with Converge Technology

Moving against Converge Stock

Other Information on Investing in Converge Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Common Stock	+ 1.0	Total Stockholder Equity
Cash And Short Term Investments	+ 1.0	Cash
Non Current Assets Total	+ 1.0	Current Deferred Revenue
Good Will	+ 1.0	Current Deferred Revenue
Good Will	+ 1.0	Non Current Assets Total
Accounts Payable	+ 0.99	Total Assets

Short Long Term Debt Total	- 0.99	Net Tangible Assets
Long Term Debt Total	- 0.95	Net Tangible Assets
Total Liab	- 0.92	Net Tangible Assets
Net Debt	- 0.92	Net Tangible Assets
Other Current Assets	- 0.9	Net Tangible Assets
Current Deferred Revenue	- 0.89	Net Tangible Assets