NVIDIA Good Will vs Long Term Debt Analysis

NVDA Stock

32.00 0.32 1.01%

NVIDIA CDR financial indicator trend analysis is infinitely more than just investigating NVIDIA CDR recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether NVIDIA CDR is a good investment. Please check the relationship between NVIDIA CDR Good Will and its Long Term Debt accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NVIDIA CDR. 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.

Good Will vs Long Term Debt

Good Will vs Long Term Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of NVIDIA CDR Good Will account and Long Term Debt. At this time, the significance of the direction appears to have strong relationship.

The correlation between NVIDIA CDR's Good Will and Long Term Debt is 0.76. Overlapping area represents the amount of variation of Good Will that can explain the historical movement of Long Term Debt in the same time period over historical financial statements of NVIDIA CDR, assuming nothing else is changed. The correlation between historical values of NVIDIA CDR's Good Will and Long Term 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 NVIDIA CDR are associated (or correlated) with its Long Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Long Term Debt has no effect on the direction of Good Will i.e., NVIDIA CDR's Good Will and Long Term Debt go up and down completely randomly.

Correlation Coefficient

0.76

Relationship Direction	Positive
Relationship Strength	Significant

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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.

Long Term Debt

Long-term debt is a debt that NVIDIA CDR has held for over one year. Long-term debt appears on NVIDIA CDR balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on NVIDIA CDR balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.

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

The current year's Tax Provision is expected to grow to about 4.3 B, whereas Selling General Administrative is forecasted to decline to about 2.5 B.

	2021	2022	2023	2024 (projected)
Interest Expense	236M	262M	257M	258.2M
Interest Income	29M	267M	866M	909.3M

Interest Expense Interest Income

NVIDIA CDR 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	Long Term Debt	Net Receivables	Good Will	Common Stock Shares Outstanding	Short Term Investments	Non Current Liabilities Total	Capital Lease Obligations	Inventory	Other Current Assets	Total Liab	Net Invested Capital	Long Term Investments	Property Plant And Equipment Gross	Short Long Term Debt	Total Current Assets
Total Assets		-0.81	0.95	0.99	0.93	-0.53	0.48	0.96	0.97	0.97	-0.78	0.76	0.98	0.76	-0.39	0.85	0.85	0.97	0.88	0.88	0.97	1.0	0.88	0.94	0.98	1.0
Other Current Liab	-0.81		-0.82	-0.74	-0.97	0.28	0.06	-0.62	-0.83	-0.92	0.72	-0.83	-0.72	-0.76	0.41	-0.5	-0.89	-0.92	-0.98	-0.71	-0.92	-0.8	-0.67	-0.95	-0.89	-0.76
Total Current Liabilities	0.95	-0.82		0.94	0.93	-0.66	0.52	0.89	0.99	0.96	-0.57	0.58	0.96	0.69	-0.36	0.64	0.71	0.96	0.92	0.89	0.91	0.93	0.88	0.95	0.91	0.93
Total Stockholder Equity	0.99	-0.74	0.94		0.88	-0.58	0.58	0.99	0.97	0.93	-0.74	0.69	1.0	0.72	-0.36	0.86	0.79	0.94	0.83	0.88	0.93	0.99	0.89	0.9	0.95	1.0
Property Plant And Equipment Net	0.93	-0.97	0.93	0.88		-0.46	0.2	0.79	0.94	0.99	-0.73	0.79	0.87	0.79	-0.43	0.64	0.88	0.99	0.99	0.84	0.98	0.92	0.81	1.0	0.96	0.89
Net Debt	-0.53	0.28	-0.66	-0.58	-0.46		-0.76	-0.59	-0.6	-0.53	0.07	-0.01	-0.61	-0.58	0.64	-0.31	-0.15	-0.49	-0.42	-0.83	-0.42	-0.51	-0.83	-0.49	-0.41	-0.53
Retained Earnings	0.48	0.06	0.52	0.58	0.2	-0.76		0.67	0.5	0.32	-0.02	-0.14	0.62	0.18	-0.14	0.47	-0.02	0.31	0.14	0.56	0.26	0.47	0.59	0.26	0.3	0.52
Accounts Payable	0.96	-0.62	0.89	0.99	0.79	-0.59	0.67		0.92	0.87	-0.72	0.63	0.98	0.67	-0.34	0.9	0.73	0.87	0.73	0.85	0.87	0.97	0.87	0.82	0.9	0.98
Cash	0.97	-0.83	0.99	0.97	0.94	-0.6	0.5	0.92		0.97	-0.64	0.64	0.97	0.69	-0.34	0.71	0.76	0.97	0.92	0.88	0.94	0.96	0.87	0.96	0.94	0.96
Non Current Assets Total	0.97	-0.92	0.96	0.93	0.99	-0.53	0.32	0.87	0.97		-0.74	0.77	0.93	0.81	-0.45	0.71	0.87	1.0	0.97	0.89	0.99	0.96	0.87	1.0	0.98	0.94
Non Currrent Assets Other	-0.78	0.72	-0.57	-0.74	-0.73	0.07	-0.02	-0.72	-0.64	-0.74		-0.97	-0.69	-0.76	0.41	-0.87	-0.96	-0.76	-0.67	-0.6	-0.84	-0.81	-0.61	-0.72	-0.86	-0.79
Long Term Debt	0.76	-0.83	0.58	0.69	0.79	-0.01	-0.14	0.63	0.64	0.77	-0.97		0.64	0.76	-0.41	0.75	0.99	0.79	0.75	0.57	0.86	0.78	0.56	0.77	0.86	0.74
Net Receivables	0.98	-0.72	0.96	1.0	0.87	-0.61	0.62	0.98	0.97	0.93	-0.69	0.64		0.68	-0.33	0.83	0.75	0.93	0.83	0.88	0.92	0.98	0.88	0.9	0.93	0.99
Good Will	0.76	-0.76	0.69	0.72	0.79	-0.58	0.18	0.67	0.69	0.81	-0.76	0.76	0.68		-0.87	0.65	0.81	0.79	0.74	0.89	0.81	0.77	0.88	0.78	0.79	0.74
Common Stock Shares Outstanding	-0.39	0.41	-0.36	-0.36	-0.43	0.64	-0.14	-0.34	-0.34	-0.45	0.41	-0.41	-0.33	-0.87		-0.33	-0.44	-0.42	-0.39	-0.72	-0.43	-0.39	-0.72	-0.42	-0.4	-0.37
Short Term Investments	0.85	-0.5	0.64	0.86	0.64	-0.31	0.47	0.9	0.71	0.71	-0.87	0.75	0.83	0.65	-0.33		0.78	0.73	0.54	0.68	0.78	0.87	0.71	0.65	0.82	0.88
Non Current Liabilities Total	0.85	-0.89	0.71	0.79	0.88	-0.15	-0.02	0.73	0.76	0.87	-0.96	0.99	0.75	0.81	-0.44	0.78		0.88	0.84	0.68	0.93	0.86	0.67	0.86	0.93	0.83
Capital Lease Obligations	0.97	-0.92	0.96	0.94	0.99	-0.49	0.31	0.87	0.97	1.0	-0.76	0.79	0.93	0.79	-0.42	0.73	0.88		0.97	0.87	0.99	0.96	0.85	0.99	0.98	0.95
Inventory	0.88	-0.98	0.92	0.83	0.99	-0.42	0.14	0.73	0.92	0.97	-0.67	0.75	0.83	0.74	-0.39	0.54	0.84	0.97		0.79	0.95	0.87	0.76	0.99	0.92	0.84
Other Current Assets	0.88	-0.71	0.89	0.88	0.84	-0.83	0.56	0.85	0.88	0.89	-0.6	0.57	0.88	0.89	-0.72	0.68	0.68	0.87	0.79		0.84	0.87	1.0	0.85	0.83	0.87
Total Liab	0.97	-0.92	0.91	0.93	0.98	-0.42	0.26	0.87	0.94	0.99	-0.84	0.86	0.92	0.81	-0.43	0.78	0.93	0.99	0.95	0.84		0.97	0.83	0.98	1.0	0.95
Net Invested Capital	1.0	-0.8	0.93	0.99	0.92	-0.51	0.47	0.97	0.96	0.96	-0.81	0.78	0.98	0.77	-0.39	0.87	0.86	0.96	0.87	0.87	0.97		0.87	0.93	0.98	1.0
Long Term Investments	0.88	-0.67	0.88	0.89	0.81	-0.83	0.59	0.87	0.87	0.87	-0.61	0.56	0.88	0.88	-0.72	0.71	0.67	0.85	0.76	1.0	0.83	0.87		0.83	0.82	0.87
Property Plant And Equipment Gross	0.94	-0.95	0.95	0.9	1.0	-0.49	0.26	0.82	0.96	1.0	-0.72	0.77	0.9	0.78	-0.42	0.65	0.86	0.99	0.99	0.85	0.98	0.93	0.83		0.96	0.91
Short Long Term Debt	0.98	-0.89	0.91	0.95	0.96	-0.41	0.3	0.9	0.94	0.98	-0.86	0.86	0.93	0.79	-0.4	0.82	0.93	0.98	0.92	0.83	1.0	0.98	0.82	0.96		0.97
Total Current Assets	1.0	-0.76	0.93	1.0	0.89	-0.53	0.52	0.98	0.96	0.94	-0.79	0.74	0.99	0.74	-0.37	0.88	0.83	0.95	0.84	0.87	0.95	1.0	0.87	0.91	0.97

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NVIDIA CDR Account Relationship Matchups

Pair Trading with NVIDIA CDR

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 NVIDIA CDR 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 NVIDIA CDR will appreciate offsetting losses from the drop in the long position's value.

Moving together with NVIDIA Stock

0.77	DRT	DIRTT Environmental	Pair Corr
0.66	PSI	Pason Systems	Pair Corr

Moving against NVIDIA Stock

0.64	GUD	Knight Therapeutics	Pair Corr
0.43	PKI	Parkland Fuel	Pair Corr

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

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

Balance Sheet is a snapshot of the financial position of NVIDIA CDR at a specified time, usually calculated after every quarter, six months, or one year. NVIDIA CDR Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of NVIDIA CDR 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 NVIDIA currently owns. An asset can also be divided into two categories, current and non-current.

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