Solventum Net Invested Capital vs Other Current Assets Analysis

SOLV Stock

72.48 0.99 1.38%

Solventum Corp financial indicator trend analysis is much more than just breaking down Solventum Corp prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Solventum Corp is a good investment. Please check the relationship between Solventum Corp Net Invested Capital and its Other Current Assets accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Solventum Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

For more information on how to buy Solventum Stock please use our How to Invest in Solventum Corp guide.

Net Invested Capital vs Other Current Assets

Net Invested Capital vs Other Current Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Solventum Corp Net Invested Capital account and Other Current Assets. At this time, the significance of the direction appears to have strong contrarian relationship.

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

Correlation Coefficient

-0.66

Relationship Direction	Negative
Relationship Strength	Weak

View All Relationships

Net Invested Capital

The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.

Other Current Assets

Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.

Most indicators from Solventum Corp's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Solventum Corp 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Solventum Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

For more information on how to buy Solventum Stock please use our How to Invest in Solventum Corp guide.At this time, Solventum Corp's Tax Provision is fairly stable compared to the past year. Selling General Administrative is likely to climb to about 2.5 B in 2024, whereas Enterprise Value Over EBITDA is likely to drop 5.70 in 2024.

	2021	2022	2023	2024 (projected)
Depreciation And Amortization	597M	578M	561M	467M
Tax Provision	422M	349M	218M	258.2M

Depreciation And Amortization Tax Provision

Solventum Corp fundamental ratios Correlations

	Common Stock Shares Outstanding	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Good Will	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Net Invested Capital	Property Plant And Equipment Gross	Total Current Assets	Non Current Liabilities Other	Net Working Capital
Common Stock Shares Outstanding		-0.92	-0.95	0.58	-0.83	0.94	-0.97	0.88	-0.95	-0.83	-0.67	0.93	-0.73	-0.95	-0.98	0.91	-0.95	-0.9	-0.83	0.81	-0.95	0.93	-0.82	-0.86	0.98	-0.82
Total Assets	-0.92		0.81	-0.25	0.72	-0.79	0.82	-0.87	0.81	0.6	0.55	-0.86	0.49	0.82	0.88	-0.87	0.81	0.7	0.56	-0.62	0.81	-0.89	0.58	0.66	-0.87	0.55
Short Long Term Debt Total	-0.95	0.81		-0.57	0.95	-1.0	1.0	-0.69	1.0	0.96	0.85	-0.78	0.9	1.0	0.99	-0.75	1.0	0.84	0.93	-0.95	1.0	-0.78	0.95	0.97	-0.89	0.93
Other Current Liab	0.58	-0.25	-0.57		-0.34	0.59	-0.62	0.57	-0.58	-0.65	-0.22	0.67	-0.55	-0.54	-0.56	0.63	-0.57	-0.86	-0.77	0.51	-0.56	0.61	-0.65	-0.57	0.69	-0.76
Total Current Liabilities	-0.83	0.72	0.95	-0.34		-0.95	0.92	-0.46	0.95	0.93	0.97	-0.56	0.93	0.96	0.91	-0.52	0.95	0.63	0.86	-0.97	0.95	-0.57	0.93	0.97	-0.71	0.86
Total Stockholder Equity	0.94	-0.79	-1.0	0.59	-0.95		-1.0	0.68	-1.0	-0.96	-0.85	0.78	-0.91	-1.0	-0.99	0.74	-1.0	-0.85	-0.94	0.96	-1.0	0.77	-0.96	-0.98	0.89	-0.94
Property Plant And Equipment Net	-0.97	0.82	1.0	-0.62	0.92	-1.0		-0.75	1.0	0.94	0.8	-0.84	0.87	0.99	0.99	-0.8	1.0	0.89	0.93	-0.92	1.0	-0.83	0.93	0.96	-0.93	0.93
Current Deferred Revenue	0.88	-0.87	-0.69	0.57	-0.46	0.68	-0.75		-0.69	-0.5	-0.23	0.99	-0.33	-0.69	-0.77	1.0	-0.69	-0.87	-0.55	0.44	-0.69	0.99	-0.48	-0.52	0.94	-0.54
Net Debt	-0.95	0.81	1.0	-0.58	0.95	-1.0	1.0	-0.69		0.96	0.85	-0.78	0.9	1.0	0.99	-0.75	1.0	0.84	0.93	-0.95	1.0	-0.78	0.95	0.97	-0.89	0.93
Accounts Payable	-0.83	0.6	0.96	-0.65	0.93	-0.96	0.94	-0.5	0.96		0.88	-0.63	0.98	0.95	0.91	-0.58	0.95	0.79	0.99	-0.99	0.95	-0.61	1.0	0.99	-0.77	0.99
Cash	-0.67	0.55	0.85	-0.22	0.97	-0.85	0.8	-0.23	0.85	0.88		-0.34	0.93	0.86	0.79	-0.3	0.85	0.45	0.79	-0.95	0.85	-0.35	0.88	0.92	-0.52	0.8
Non Current Assets Total	0.93	-0.86	-0.78	0.67	-0.56	0.78	-0.84	0.99	-0.78	-0.63	-0.34		-0.48	-0.78	-0.85	1.0	-0.78	-0.94	-0.69	0.57	-0.78	1.0	-0.62	-0.64	0.98	-0.68
Non Currrent Assets Other	-0.73	0.49	0.9	-0.55	0.93	-0.91	0.87	-0.33	0.9	0.98	0.93	-0.48		0.9	0.83	-0.42	0.9	0.66	0.95	-0.99	0.9	-0.46	0.98	0.98	-0.64	0.95
Cash And Short Term Investments	-0.95	0.82	1.0	-0.54	0.96	-1.0	0.99	-0.69	1.0	0.95	0.86	-0.78	0.9		0.99	-0.74	1.0	0.82	0.92	-0.95	1.0	-0.78	0.94	0.97	-0.88	0.92
Net Receivables	-0.98	0.88	0.99	-0.56	0.91	-0.99	0.99	-0.77	0.99	0.91	0.79	-0.85	0.83	0.99		-0.82	0.99	0.86	0.89	-0.9	0.99	-0.85	0.9	0.93	-0.93	0.89
Good Will	0.91	-0.87	-0.75	0.63	-0.52	0.74	-0.8	1.0	-0.75	-0.58	-0.3	1.0	-0.42	-0.74	-0.82		-0.75	-0.91	-0.63	0.51	-0.75	1.0	-0.56	-0.59	0.96	-0.62
Non Current Liabilities Total	-0.95	0.81	1.0	-0.57	0.95	-1.0	1.0	-0.69	1.0	0.95	0.85	-0.78	0.9	1.0	0.99	-0.75		0.84	0.93	-0.95	1.0	-0.78	0.95	0.97	-0.89	0.93
Inventory	-0.9	0.7	0.84	-0.86	0.63	-0.85	0.89	-0.87	0.84	0.79	0.45	-0.94	0.66	0.82	0.86	-0.91	0.84		0.86	-0.7	0.84	-0.91	0.78	0.77	-0.96	0.85
Other Current Assets	-0.83	0.56	0.93	-0.77	0.86	-0.94	0.93	-0.55	0.93	0.99	0.79	-0.69	0.95	0.92	0.89	-0.63	0.93	0.86		-0.94	0.93	-0.66	0.98	0.96	-0.81	1.0
Other Stockholder Equity	0.81	-0.62	-0.95	0.51	-0.97	0.96	-0.92	0.44	-0.95	-0.99	-0.95	0.57	-0.99	-0.95	-0.9	0.51	-0.95	-0.7	-0.94		-0.95	0.55	-0.99	-1.0	0.72	-0.95
Total Liab	-0.95	0.81	1.0	-0.56	0.95	-1.0	1.0	-0.69	1.0	0.95	0.85	-0.78	0.9	1.0	0.99	-0.75	1.0	0.84	0.93	-0.95		-0.78	0.95	0.97	-0.89	0.93
Net Invested Capital	0.93	-0.89	-0.78	0.61	-0.57	0.77	-0.83	0.99	-0.78	-0.61	-0.35	1.0	-0.46	-0.78	-0.85	1.0	-0.78	-0.91	-0.66	0.55	-0.78		-0.6	-0.63	0.97	-0.64
Property Plant And Equipment Gross	-0.82	0.58	0.95	-0.65	0.93	-0.96	0.93	-0.48	0.95	1.0	0.88	-0.62	0.98	0.94	0.9	-0.56	0.95	0.78	0.98	-0.99	0.95	-0.6		0.99	-0.76	0.99
Total Current Assets	-0.86	0.66	0.97	-0.57	0.97	-0.98	0.96	-0.52	0.97	0.99	0.92	-0.64	0.98	0.97	0.93	-0.59	0.97	0.77	0.96	-1.0	0.97	-0.63	0.99		-0.78	0.96
Non Current Liabilities Other	0.98	-0.87	-0.89	0.69	-0.71	0.89	-0.93	0.94	-0.89	-0.77	-0.52	0.98	-0.64	-0.88	-0.93	0.96	-0.89	-0.96	-0.81	0.72	-0.89	0.97	-0.76	-0.78		-0.8
Net Working Capital	-0.82	0.55	0.93	-0.76	0.86	-0.94	0.93	-0.54	0.93	0.99	0.8	-0.68	0.95	0.92	0.89	-0.62	0.93	0.85	1.0	-0.95	0.93	-0.64	0.99	0.96	-0.8

Click cells to compare fundamentals

Solventum Corp Account Relationship Matchups

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 Solventum Stock Analysis

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

Solventum Net Invested Capital vs Other Current Assets Analysis

Net Invested Capital vs Other Current Assets

Net Invested Capital vs Other Current Assets Correlation Analysis

Correlation Coefficient

Net Invested Capital

Other Current Assets

Solventum Corp fundamental ratios Correlations

Solventum Corp Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Thematic Opportunities

Explore Investment Opportunities

Additional Tools for Solventum Stock Analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Property Plant And Equipment Net	+ 1.0	Short Long Term Debt Total
Net Debt	+ 1.0	Short Long Term Debt Total
Cash And Short Term Investments	+ 1.0	Short Long Term Debt Total
Non Current Liabilities Total	+ 1.0	Short Long Term Debt Total
Total Liab	+ 1.0	Short Long Term Debt Total
Net Debt	+ 1.0	Property Plant And Equipment Net

Total Current Assets	- 1.0	Other Stockholder Equity
Total Liab	- 1.0	Total Stockholder Equity
Non Current Liabilities Total	- 1.0	Total Stockholder Equity
Cash And Short Term Investments	- 1.0	Total Stockholder Equity
Net Debt	- 1.0	Total Stockholder Equity
Property Plant And Equipment Net	- 1.0	Total Stockholder Equity