Onity Total Current Assets vs Short Long Term Debt Total Analysis

ONIT Stock

30.86 0.10 0.32%

Onity financial indicator trend analysis is much more than just breaking down Onity Group prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Onity Group is a good investment. Please check the relationship between Onity Total Current Assets and its Short Long Term Debt Total accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Onity Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

Total Current Assets vs Short Long Term Debt Total

Total Current Assets vs Short Long Term Debt Total Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Onity Group Total Current Assets account and Short Long Term Debt Total. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Onity's Total Current Assets and Short Long Term Debt Total is -0.41. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Short Long Term Debt Total in the same time period over historical financial statements of Onity Group, assuming nothing else is changed. The correlation between historical values of Onity's Total Current Assets and Short Long Term Debt Total is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Current Assets of Onity Group are associated (or correlated) with its Short Long Term Debt Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Long Term Debt Total has no effect on the direction of Total Current Assets i.e., Onity's Total Current Assets and Short Long Term Debt Total go up and down completely randomly.

Correlation Coefficient

-0.41

Relationship Direction	Negative
Relationship Strength	Very Weak

View All Relationships

Total Current Assets

The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.

Short Long Term Debt Total

Most indicators from Onity's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Onity Group 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in Onity Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

At this time, Onity's Selling General Administrative is comparatively stable compared to the past year. Tax Provision is likely to gain to about 5.9 M in 2024, whereas Issuance Of Capital Stock is likely to drop 0.00 in 2024.

	2021	2022	2023	2024 (projected)
Total Revenue	1.1B	877.2M	1.1B	880.8M
Depreciation And Amortization	710.6M	459.5M	12.1M	11.5M

Total Revenue Depreciation And Amortization

Onity 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	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	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	Short Term Debt	Short Term Investments	Current Deferred Revenue	Accounts Payable	Good Will	Inventory
Total Assets		0.07	0.06	-0.22	-0.92	0.16	0.08	-0.53	-0.59	0.29	0.38	0.44	-0.58	0.03	-0.91	-0.09	-0.23	-0.27	0.77	-0.89	-0.19	0.01	-0.07	-0.13	-0.26	0.6
Short Long Term Debt Total	0.07		-0.71	-0.79	-0.18	-0.95	1.0	-0.82	0.08	-0.26	0.61	-0.23	0.11	-0.94	0.01	0.95	-0.78	-0.72	0.61	-0.41	-0.82	0.48	-0.87	-0.87	-0.72	-0.37
Other Current Liab	0.06	-0.71		0.44	-0.04	0.62	-0.69	0.58	-0.48	0.18	-0.41	0.34	-0.49	0.63	-0.12	-0.74	0.42	0.35	-0.33	0.09	0.48	-0.25	0.56	0.56	0.43	0.3
Total Current Liabilities	-0.22	-0.79	0.44		0.18	0.77	-0.8	0.67	0.32	0.68	-0.32	-0.33	0.32	0.7	0.14	-0.82	1.0	0.99	-0.55	0.52	1.0	-0.69	0.98	0.98	0.76	0.55
Total Stockholder Equity	-0.92	-0.18	-0.04	0.18		0.01	-0.19	0.67	0.47	-0.42	-0.66	-0.15	0.45	0.18	0.94	0.03	0.19	0.2	-0.87	0.93	0.17	-0.01	0.06	0.14	0.21	-0.72
Property Plant And Equipment Net	0.16	-0.95	0.62	0.77	0.01		-0.94	0.71	-0.17	0.41	-0.57	0.32	-0.19	0.97	-0.15	-0.95	0.76	0.7	-0.46	0.26	0.8	-0.54	0.87	0.86	0.65	0.5
Net Debt	0.08	1.0	-0.69	-0.8	-0.19	-0.94		-0.82	0.05	-0.26	0.6	-0.21	0.08	-0.93	0.0	0.95	-0.79	-0.74	0.61	-0.43	-0.83	0.48	-0.87	-0.88	-0.73	-0.37
Retained Earnings	-0.53	-0.82	0.58	0.67	0.67	0.71	-0.82		0.1	0.0	-0.86	0.16	0.07	0.82	0.54	-0.7	0.66	0.62	-0.94	0.8	0.68	-0.33	0.67	0.72	0.64	-0.13
Cash	-0.59	0.08	-0.48	0.32	0.47	-0.17	0.05	0.1		0.11	0.15	-0.72	1.0	-0.17	0.51	0.15	0.35	0.42	-0.33	0.58	0.28	-0.15	0.15	0.16	0.32	-0.1
Non Current Assets Total	0.29	-0.26	0.18	0.68	-0.42	0.41	-0.26	0.0	0.11		0.25	-0.42	0.13	0.25	-0.28	-0.46	0.68	0.69	0.14	-0.11	0.67	-0.62	0.67	0.64	0.35	0.83
Non Currrent Assets Other	0.38	0.61	-0.41	-0.32	-0.66	-0.57	0.6	-0.86	0.15	0.25		-0.44	0.18	-0.71	-0.53	0.44	-0.31	-0.26	0.8	-0.65	-0.35	0.22	-0.35	-0.41	-0.23	0.39
Other Assets	0.44	-0.23	0.34	-0.33	-0.15	0.32	-0.21	0.16	-0.72	-0.42	-0.44		-0.74	0.43	-0.28	-0.22	-0.35	-0.44	0.01	-0.29	-0.28	0.34	-0.17	-0.17	-0.06	-0.16
Cash And Short Term Investments	-0.58	0.11	-0.49	0.32	0.45	-0.19	0.08	0.07	1.0	0.13	0.18	-0.74		-0.19	0.5	0.17	0.34	0.41	-0.3	0.56	0.27	-0.14	0.14	0.15	0.31	-0.09
Net Receivables	0.03	-0.94	0.63	0.7	0.18	0.97	-0.93	0.82	-0.17	0.25	-0.71	0.43	-0.19		0.02	-0.92	0.69	0.62	-0.6	0.38	0.73	-0.4	0.79	0.8	0.67	0.3
Common Stock Shares Outstanding	-0.91	0.01	-0.12	0.14	0.94	-0.15	0.0	0.54	0.51	-0.28	-0.53	-0.28	0.5	0.02		0.16	0.15	0.18	-0.77	0.88	0.11	0.05	0.0	0.07	0.14	-0.69
Non Current Liabilities Total	-0.09	0.95	-0.74	-0.82	0.03	-0.95	0.95	-0.7	0.15	-0.46	0.44	-0.22	0.17	-0.92	0.16		-0.8	-0.74	0.46	-0.25	-0.84	0.46	-0.91	-0.9	-0.79	-0.57
Other Current Assets	-0.23	-0.78	0.42	1.0	0.19	0.76	-0.79	0.66	0.35	0.68	-0.31	-0.35	0.34	0.69	0.15	-0.8		1.0	-0.55	0.53	1.0	-0.68	0.97	0.98	0.76	0.54
Other Stockholder Equity	-0.27	-0.72	0.35	0.99	0.2	0.7	-0.74	0.62	0.42	0.69	-0.26	-0.44	0.41	0.62	0.18	-0.74	1.0		-0.53	0.54	0.98	-0.69	0.95	0.95	0.74	0.53
Total Liab	0.77	0.61	-0.33	-0.55	-0.87	-0.46	0.61	-0.94	-0.33	0.14	0.8	0.01	-0.3	-0.6	-0.77	0.46	-0.55	-0.53		-0.95	-0.55	0.22	-0.49	-0.55	-0.57	0.37
Total Current Assets	-0.89	-0.41	0.09	0.52	0.93	0.26	-0.43	0.8	0.58	-0.11	-0.65	-0.29	0.56	0.38	0.88	-0.25	0.53	0.54	-0.95		0.5	-0.24	0.4	0.46	0.47	-0.42
Short Term Debt	-0.19	-0.82	0.48	1.0	0.17	0.8	-0.83	0.68	0.28	0.67	-0.35	-0.28	0.27	0.73	0.11	-0.84	1.0	0.98	-0.55	0.5		-0.68	0.99	0.99	0.76	0.55
Short Term Investments	0.01	0.48	-0.25	-0.69	-0.01	-0.54	0.48	-0.33	-0.15	-0.62	0.22	0.34	-0.14	-0.4	0.05	0.46	-0.68	-0.69	0.22	-0.24	-0.68		-0.68	-0.67	-0.14	-0.43
Current Deferred Revenue	-0.07	-0.87	0.56	0.98	0.06	0.87	-0.87	0.67	0.15	0.67	-0.35	-0.17	0.14	0.79	0.0	-0.91	0.97	0.95	-0.49	0.4	0.99	-0.68		1.0	0.75	0.62
Accounts Payable	-0.13	-0.87	0.56	0.98	0.14	0.86	-0.88	0.72	0.16	0.64	-0.41	-0.17	0.15	0.8	0.07	-0.9	0.98	0.95	-0.55	0.46	0.99	-0.67	1.0		0.76	0.56
Good Will	-0.26	-0.72	0.43	0.76	0.21	0.65	-0.73	0.64	0.32	0.35	-0.23	-0.06	0.31	0.67	0.14	-0.79	0.76	0.74	-0.57	0.47	0.76	-0.14	0.75	0.76		0.39
Inventory	0.6	-0.37	0.3	0.55	-0.72	0.5	-0.37	-0.13	-0.1	0.83	0.39	-0.16	-0.09	0.3	-0.69	-0.57	0.54	0.53	0.37	-0.42	0.55	-0.43	0.62	0.56	0.39

Click cells to compare fundamentals

Onity Account Relationship Matchups

Onity fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.2B	963.6M	1.3B	1.1B	12.5B	13.1B
Short Long Term Debt Total	7.1B	7.9B	8.6B	8.4B	10.9B	8.0B
Other Current Liab	(7.9B)	120.2M	1.1B	210.6M	159.7M	151.7M
Total Current Liabilities	17.9B	262.1M	293.3M	264.9M	219.9M	208.9M
Total Stockholder Equity	10.4B	10.7B	12.1B	12.4B	401.8M	381.7M
Property Plant And Equipment Net	38.3M	16.9M	13.7M	20.2M	13.1M	23.5M
Net Debt	6.6B	7.5B	8.3B	8.2B	10.7B	7.7B
Retained Earnings	412.0M	415.4M	476.7M	456.7M	(151.6M)	(144.0M)
Cash	492.3M	357.3M	263.4M	274.2M	201.6M	250.2M
Non Current Assets Total	10.4B	1.8B	2.7B	3.1B	10.7B	5.4B
Non Currrent Assets Other	(1.7M)	496.0M	(9.4B)	(9.4B)	8.4B	8.8B
Other Assets	(20.3B)	(9.7B)	(10.8B)	(11.3B)	(11.5B)	(12.1B)
Cash And Short Term Investments	492.7M	357.3M	263.4M	274.2M	213.1M	252.0M
Net Receivables	203.4M	189.9M	181.9M	181.6M	154.8M	157.7M
Common Stock Shares Outstanding	9.0M	8.7M	9.4M	9.0M	7.6M	6.9M
Liabilities And Stockholders Equity	9.1B	9.3B	10.8B	11.3B	12.5B	10.2B
Non Current Liabilities Total	9.3B	10.0B	11.4B	11.7B	10.9B	10.4B
Other Current Assets	10.4B	948.8M	890.2M	819.1M	784.4M	745.2M
Other Stockholder Equity	9.7B	556.1M	592.6M	547M	554.5M	526.8M
Total Liab	1.3M	87K	92K	100K	12.1B	12.7B
Total Current Assets	11.1B	8.8B	9.4B	9.3B	1.8B	1.7B
Accumulated Other Comprehensive Income	412.0M	415.4M	476.7M	456.7M	(1.2M)	(1.1M)
Short Term Debt	7.8B	35.7M	44.9M	48.1M	52M	49.4M
Short Term Investments	390K	23.2M	20.4M	600K	11.5M	9.8M

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.

Explore Investing Ideas

Additional Tools for Onity Stock Analysis

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

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC