Onto Retained Earnings vs Net Debt Analysis

ONTO Stock

USD 165.19 1.10 0.66%

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

To learn how to invest in Onto Stock, please use our How to Invest in Onto Innovation guide.

Retained Earnings vs Net Debt

Retained Earnings vs Net Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Onto Innovation Retained Earnings account and Net Debt. At this time, the significance of the direction appears to have strong contrarian relationship.

The correlation between Onto Innovation's Retained Earnings and Net Debt is -0.64. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Net Debt in the same time period over historical financial statements of Onto Innovation, assuming nothing else is changed. The correlation between historical values of Onto Innovation's Retained Earnings and Net 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 Retained Earnings of Onto Innovation are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Retained Earnings i.e., Onto Innovation's Retained Earnings and Net Debt go up and down completely randomly.

Correlation Coefficient

-0.64

Relationship Direction	Negative
Relationship Strength	Weak

View All Relationships

Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.

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.

Most indicators from Onto Innovation's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Onto Innovation 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 Onto Innovation. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

To learn how to invest in Onto Stock, please use our How to Invest in Onto Innovation guide.As of the 26th of November 2024, Selling General Administrative is likely to grow to about 87.3 M. Also, Tax Provision is likely to grow to about 7.4 M

	2021	2022	2023	2024 (projected)
Interest Expense	725K	5.0M	5.8M	6.1M
Depreciation And Amortization	65.8M	64.7M	67.2M	70.6M

Interest Expense Depreciation And Amortization

Onto Innovation 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	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Common Stock Shares Outstanding	Short Term Investments	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Common Stock	Short Term Debt
Total Assets		-0.45	0.98	0.93	1.0	0.97	-0.64	0.86	0.91	0.59	0.95	-0.25	0.96	0.97	-0.33	0.67	0.95	0.32	0.98	-0.01	0.98	0.91	0.9	0.97	-0.33	-0.52
Short Long Term Debt Total	-0.45		-0.41	-0.32	-0.47	-0.48	0.11	-0.58	-0.41	0.17	-0.47	0.73	-0.37	-0.43	-0.45	-0.04	-0.38	0.2	-0.43	0.19	-0.37	-0.17	-0.31	-0.4	-0.45	0.45
Other Current Liab	0.98	-0.41		0.94	0.97	0.91	-0.64	0.85	0.92	0.6	0.92	-0.14	0.95	0.96	-0.31	0.71	0.95	0.32	0.96	0.05	0.95	0.91	0.84	0.96	-0.32	-0.57
Total Current Liabilities	0.93	-0.32	0.94		0.93	0.85	-0.65	0.81	0.94	0.62	0.86	-0.05	0.92	0.94	-0.37	0.73	0.93	0.17	0.94	-0.06	0.9	0.9	0.8	0.93	-0.37	-0.35
Total Stockholder Equity	1.0	-0.47	0.97	0.93		0.97	-0.64	0.88	0.91	0.58	0.94	-0.28	0.96	0.98	-0.31	0.65	0.96	0.29	0.98	-0.02	0.97	0.89	0.9	0.98	-0.31	-0.51
Property Plant And Equipment Net	0.97	-0.48	0.91	0.85	0.97		-0.58	0.81	0.82	0.52	0.96	-0.39	0.9	0.9	-0.26	0.53	0.89	0.36	0.92	0.0	0.96	0.86	0.92	0.91	-0.26	-0.44
Net Debt	-0.64	0.11	-0.64	-0.65	-0.64	-0.58		-0.64	-0.81	-0.94	-0.47	-0.07	-0.73	-0.68	0.56	-0.6	-0.7	0.01	-0.7	0.21	-0.59	-0.53	-0.75	-0.72	0.56	0.22
Retained Earnings	0.86	-0.58	0.85	0.81	0.88	0.81	-0.64		0.83	0.54	0.7	-0.42	0.92	0.91	-0.05	0.43	0.92	-0.14	0.93	-0.12	0.74	0.6	0.84	0.92	-0.05	-0.39
Accounts Payable	0.91	-0.41	0.92	0.94	0.91	0.82	-0.81	0.83		0.72	0.82	-0.06	0.91	0.93	-0.4	0.76	0.9	0.14	0.93	-0.17	0.87	0.83	0.8	0.93	-0.4	-0.47
Cash	0.59	0.17	0.6	0.62	0.58	0.52	-0.94	0.54	0.72		0.42	0.27	0.7	0.62	-0.63	0.57	0.66	0.12	0.64	-0.12	0.56	0.56	0.73	0.68	-0.63	-0.12
Non Current Assets Total	0.95	-0.47	0.92	0.86	0.94	0.96	-0.47	0.7	0.82	0.42		-0.25	0.83	0.87	-0.26	0.63	0.82	0.5	0.87	-0.02	0.98	0.93	0.8	0.85	-0.26	-0.53
Non Currrent Assets Other	-0.25	0.73	-0.14	-0.05	-0.28	-0.39	-0.07	-0.42	-0.06	0.27	-0.25		-0.23	-0.22	-0.36	0.31	-0.24	0.29	-0.24	-0.05	-0.19	0.08	-0.31	-0.23	-0.36	0.06
Cash And Short Term Investments	0.96	-0.37	0.95	0.92	0.96	0.9	-0.73	0.92	0.91	0.7	0.83	-0.23		0.97	-0.36	0.64	0.99	0.16	0.98	0.02	0.9	0.82	0.92	1.0	-0.36	-0.45
Net Receivables	0.97	-0.43	0.96	0.94	0.98	0.9	-0.68	0.91	0.93	0.62	0.87	-0.22	0.97		-0.35	0.69	0.97	0.16	1.0	-0.04	0.92	0.84	0.87	0.99	-0.35	-0.51
Common Stock Total Equity	-0.33	-0.45	-0.31	-0.37	-0.31	-0.26	0.56	-0.05	-0.4	-0.63	-0.26	-0.36	-0.36	-0.35		-0.65	-0.32	-0.34	-0.33	-0.15	-0.42	-0.46	-0.33	-0.35	1.0	0.1
Common Stock Shares Outstanding	0.67	-0.04	0.71	0.73	0.65	0.53	-0.6	0.43	0.76	0.57	0.63	0.31	0.64	0.69	-0.65		0.63	0.35	0.66	-0.04	0.7	0.76	0.48	0.66	-0.65	-0.47
Short Term Investments	0.95	-0.38	0.95	0.93	0.96	0.89	-0.7	0.92	0.9	0.66	0.82	-0.24	0.99	0.97	-0.32	0.63		0.12	0.98	-0.02	0.89	0.82	0.9	0.99	-0.32	-0.42
Non Current Liabilities Total	0.32	0.2	0.32	0.17	0.29	0.36	0.01	-0.14	0.14	0.12	0.5	0.29	0.16	0.16	-0.34	0.35	0.12		0.16	0.24	0.47	0.59	0.2	0.16	-0.34	-0.47
Inventory	0.98	-0.43	0.96	0.94	0.98	0.92	-0.7	0.93	0.93	0.64	0.87	-0.24	0.98	1.0	-0.33	0.66	0.98	0.16		-0.03	0.92	0.84	0.89	1.0	-0.33	-0.49
Other Current Assets	-0.01	0.19	0.05	-0.06	-0.02	0.0	0.21	-0.12	-0.17	-0.12	-0.02	-0.05	0.02	-0.04	-0.15	-0.04	-0.02	0.24	-0.03		0.03	0.06	-0.09	0.0	-0.15	-0.17
Other Stockholder Equity	0.98	-0.37	0.95	0.9	0.97	0.96	-0.59	0.74	0.87	0.56	0.98	-0.19	0.9	0.92	-0.42	0.7	0.89	0.47	0.92	0.03		0.95	0.85	0.92	-0.42	-0.53
Total Liab	0.91	-0.17	0.91	0.9	0.89	0.86	-0.53	0.6	0.83	0.56	0.93	0.08	0.82	0.84	-0.46	0.76	0.82	0.59	0.84	0.06	0.95		0.75	0.84	-0.46	-0.5
Property Plant And Equipment Gross	0.9	-0.31	0.84	0.8	0.9	0.92	-0.75	0.84	0.8	0.73	0.8	-0.31	0.92	0.87	-0.33	0.48	0.9	0.2	0.89	-0.09	0.85	0.75		0.91	-0.33	-0.25
Total Current Assets	0.97	-0.4	0.96	0.93	0.98	0.91	-0.72	0.92	0.93	0.68	0.85	-0.23	1.0	0.99	-0.35	0.66	0.99	0.16	1.0	0.0	0.92	0.84	0.91		-0.35	-0.47
Common Stock	-0.33	-0.45	-0.32	-0.37	-0.31	-0.26	0.56	-0.05	-0.4	-0.63	-0.26	-0.36	-0.36	-0.35	1.0	-0.65	-0.32	-0.34	-0.33	-0.15	-0.42	-0.46	-0.33	-0.35		0.1
Short Term Debt	-0.52	0.45	-0.57	-0.35	-0.51	-0.44	0.22	-0.39	-0.47	-0.12	-0.53	0.06	-0.45	-0.51	0.1	-0.47	-0.42	-0.47	-0.49	-0.17	-0.53	-0.5	-0.25	-0.47	0.1

Click cells to compare fundamentals

Onto Innovation Account Relationship Matchups

Onto Innovation fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.4B	1.5B	1.6B	1.8B	1.9B	2.0B
Other Current Liab	38.5M	57.0M	60.9M	68.3M	64.4M	67.6M
Total Current Liabilities	85.7M	120.1M	154.5M	160.6M	147.7M	155.1M
Total Stockholder Equity	1.3B	1.3B	1.4B	1.6B	1.7B	1.8B
Property Plant And Equipment Net	122.0M	88.0M	82.1M	92.0M	122.0M	128.1M
Net Debt	(105.8M)	(115.8M)	(151.9M)	(153.8M)	(214.0M)	(203.3M)
Retained Earnings	(4.9M)	26.2M	168.5M	362.8M	482.4M	506.5M
Accounts Payable	27.7M	40.2M	53.3M	54.5M	49.9M	52.4M
Cash	130.7M	136.7M	169.6M	175.9M	233.5M	245.2M
Non Current Assets Total	806.9M	736.5M	701.7M	660.0M	626.4M	657.8M
Non Currrent Assets Other	1.4M	23.6M	26.5M	25.2M	2.5M	2.3M
Cash And Short Term Investments	320.2M	373.7M	511.3M	547.8M	697.8M	732.7M
Net Receivables	123.7M	149.3M	177.2M	241.4M	226.6M	237.9M
Common Stock Shares Outstanding	30.0M	49.5M	49.7M	49.8M	49.3M	29.0M
Short Term Investments	189.6M	237.0M	341.7M	371.9M	464.3M	487.5M
Liabilities And Stockholders Equity	1.4B	1.5B	1.6B	1.8B	1.9B	2.0B
Non Current Liabilities Total	98.8M	83.3M	69.2M	37.9M	25.5M	26.0M
Inventory	176.1M	191.2M	243.1M	324.3M	327.8M	344.2M
Other Current Assets	21.6M	34.9M	16.4M	21.4M	31.1M	19.8M
Other Stockholder Equity	1.3B	1.2B	1.3B	1.2B	1.3B	1.3B
Total Liab	184.6M	203.4M	223.8M	198.4M	173.2M	181.8M
Property Plant And Equipment Gross	122.0M	88.0M	82.1M	92.0M	179.9M	188.9M
Total Current Assets	641.7M	731.7M	948.1M	1.1B	1.3B	1.3B
Accumulated Other Comprehensive Income	(598K)	4.6M	1.3M	(10.0M)	(7.9M)	(7.5M)
Short Term Debt	4.9M	(7.9M)	(23.7M)	(21.9M)	5.5M	3.0M
Intangible Assets	372.0M	318.4M	277.3M	222.2M	167.4M	175.7M
Current Deferred Revenue	14.6M	29.5M	39.4M	42.6M	24.8M	13.1M
Net Tangible Assets	584.9M	639.8M	833.0M	1.1B	1.2B	1.3B
Retained Earnings Total Equity	(4.9M)	26.2M	168.5M	362.8M	417.2M	438.0M
Capital Surpluse	1.3B	1.2B	1.3B	1.2B	1.4B	1.5B
Deferred Long Term Liab	67.0M	55.6M	40.3M	7.4M	8.5M	8.0M
Non Current Liabilities Other	31.8M	27.7M	69.2M	37.9M	9.0M	17.7M
Property Plant Equipment	98.4M	88.0M	82.1M	92.0M	105.8M	67.4M
Other Liab	78.8M	83.3M	69.2M	21.5M	24.8M	40.3M
Other Assets	5.8M	23.6M	26.5M	9.3M	1.0	0.95

Pair Trading with Onto Innovation

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 Onto Innovation 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 Onto Innovation will appreciate offsetting losses from the drop in the long position's value.

Moving together with Onto Stock

0.8	VECO	Veeco Instruments	Pair Corr
0.83	FORM	FormFactor	Pair Corr
0.78	TER	Teradyne	Pair Corr

Moving against Onto Stock

0.82	EHGO	Eshallgo Class A	Pair Corr
0.65	CWAN	Clearwater Analytics	Pair Corr
0.57	ASAN	Asana Inc Sell-off Trend	Pair Corr
0.41	CSCO	Cisco Systems Aggressive Push	Pair Corr

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

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

When determining whether Onto Innovation offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Onto Innovation'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 Onto Innovation Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Onto Innovation Stock:

How To Invest In Onto

Details

Is Onto Stock a good investment?

Details

What is Onto Innovation's Net Worth?

Details

Largest Semiconductors & Semiconductor Equipment Companies

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Largest Information Technology Companies

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Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Onto Innovation. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

To learn how to invest in Onto Stock, please use our How to Invest in Onto Innovation guide.

You can also try the Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.

Is Semiconductors & Semiconductor Equipment 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 Onto Innovation. If investors know Onto 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 Onto Innovation 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

0.466

Earnings Share

3.7

Revenue Per Share

19.124

Quarterly Revenue Growth

0.217

Return On Assets

0.055

The market value of Onto Innovation is measured differently than its book value, which is the value of Onto that is recorded on the company's balance sheet. Investors also form their own opinion of Onto Innovation's value that differs from its market value or its book value, called intrinsic value, which is Onto Innovation'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 Onto Innovation's market value can be influenced by many factors that don't directly affect Onto Innovation'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 Onto Innovation's value and its price as these two are different measures arrived at by different means. Investors typically determine if Onto Innovation is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Onto Innovation'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.

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Onto Retained Earnings vs Net Debt Analysis

Retained Earnings vs Net Debt

Retained Earnings vs Net Debt Correlation Analysis

Correlation Coefficient

Retained Earnings

Net Debt

Onto Innovation fundamental ratios Correlations

Onto Innovation Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Onto Innovation fundamental ratios Accounts

Pair Trading with Onto Innovation

Moving together with Onto Stock

Moving against Onto Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Stockholder Equity	+ 1.0	Total Assets
Total Current Assets	+ 1.0	Cash And Short Term Investments
Inventory	+ 1.0	Net Receivables
Common Stock	+ 1.0	Common Stock Total Equity
Total Current Assets	+ 1.0	Inventory
Short Term Investments	+ 0.99	Cash And Short Term Investments

Cash	- 0.94	Net Debt
Accounts Payable	- 0.81	Net Debt
Property Plant And Equipment Gross	- 0.75	Net Debt
Cash And Short Term Investments	- 0.73	Net Debt
Total Current Assets	- 0.72	Net Debt
Inventory	- 0.7	Net Debt