Tenable Good Will vs Non Currrent Assets Other Analysis

TENB Stock  USD 42.44  0.59  1.41%   
Tenable Holdings financial indicator trend analysis is much more than just breaking down Tenable Holdings prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Tenable Holdings is a good investment. Please check the relationship between Tenable Holdings Good Will and its Non Currrent Assets Other accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Tenable Holdings. 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.
For information on how to trade Tenable Stock refer to our How to Trade Tenable Stock guide.

Good Will vs Non Currrent Assets Other

Good Will vs Non Currrent Assets Other Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Tenable Holdings Good Will account and Non Currrent Assets Other. At this time, the significance of the direction appears to have strong relationship.
The correlation between Tenable Holdings' Good Will and Non Currrent Assets Other is 0.76. Overlapping area represents the amount of variation of Good Will that can explain the historical movement of Non Currrent Assets Other in the same time period over historical financial statements of Tenable Holdings, assuming nothing else is changed. The correlation between historical values of Tenable Holdings' Good Will and Non Currrent Assets Other 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 Tenable Holdings are associated (or correlated) with its Non Currrent Assets Other. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Currrent Assets Other has no effect on the direction of Good Will i.e., Tenable Holdings' Good Will and Non Currrent Assets Other go up and down completely randomly.

Correlation Coefficient

0.76
Relationship DirectionPositive 
Relationship StrengthSignificant

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.

Non Currrent Assets Other

Assets that are not physical or tangible, expected to provide value for more than one year, and not easily converted into cash, such as long-term investments or patents.
Most indicators from Tenable Holdings' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Tenable Holdings 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 Tenable Holdings. 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.
For information on how to trade Tenable Stock refer to our How to Trade Tenable Stock guide.At present, Tenable Holdings' Tax Provision is projected to increase significantly based on the last few years of reporting. The current year's Sales General And Administrative To Revenue is expected to grow to 0.18, whereas Selling General Administrative is forecasted to decline to about 76.2 M.
 2021 2022 2023 2024 (projected)
Gross Profit434.7M528.4M615.1M343.9M
Total Revenue541.1M683.2M798.7M426.6M

Tenable Holdings fundamental ratios Correlations

0.80.90.940.940.90.480.860.940.81-0.980.970.890.980.910.880.920.930.950.860.610.890.930.910.890.89
0.80.840.860.80.880.560.880.870.54-0.850.740.770.750.90.90.810.840.670.840.410.850.880.870.750.9
0.90.840.960.960.940.710.920.960.6-0.920.830.910.840.950.920.960.940.770.980.430.990.960.950.820.95
0.940.860.960.920.990.560.931.00.69-0.940.90.930.90.960.970.960.990.840.940.590.970.990.980.920.97
0.940.80.960.920.890.750.90.920.58-0.960.840.90.880.910.90.930.90.820.960.330.950.920.910.740.9
0.90.880.940.990.890.560.910.990.64-0.920.850.90.860.970.980.930.980.80.920.570.960.980.950.90.99
0.480.560.710.560.750.560.660.56-0.08-0.570.310.610.350.610.640.640.510.250.81-0.290.730.590.590.220.63
0.860.880.920.930.90.910.660.930.57-0.90.820.860.80.930.950.90.920.720.930.420.940.950.980.790.92
0.940.870.961.00.920.990.560.930.69-0.940.90.920.90.960.970.951.00.840.940.590.970.990.980.920.97
0.810.540.60.690.580.64-0.080.570.69-0.730.880.60.880.630.560.630.710.90.470.860.540.670.660.860.59
-0.98-0.85-0.92-0.94-0.96-0.92-0.57-0.9-0.94-0.73-0.91-0.86-0.96-0.92-0.92-0.9-0.93-0.92-0.9-0.49-0.91-0.94-0.92-0.83-0.92
0.970.740.830.90.840.850.310.820.90.88-0.910.890.960.870.830.890.90.940.760.760.820.90.870.940.82
0.890.770.910.930.90.90.610.860.920.6-0.860.890.810.940.910.990.90.750.90.550.930.950.890.860.9
0.980.750.840.90.880.860.350.80.90.88-0.960.960.810.840.820.840.90.990.780.660.820.880.860.890.83
0.910.90.950.960.910.970.610.930.960.63-0.920.870.940.840.960.960.930.760.930.530.950.980.940.860.98
0.880.90.920.970.90.980.640.950.970.56-0.920.830.910.820.960.920.950.750.940.470.960.980.960.840.98
0.920.810.960.960.930.930.640.90.950.63-0.90.890.990.840.960.920.930.770.940.550.960.970.930.870.93
0.930.840.940.990.90.980.510.921.00.71-0.930.90.90.90.930.950.930.850.910.620.950.970.970.930.95
0.950.670.770.840.820.80.250.720.840.9-0.920.940.750.990.760.750.770.850.70.680.750.810.80.860.76
0.860.840.980.940.960.920.810.930.940.47-0.90.760.90.780.930.940.940.910.70.30.990.940.930.740.95
0.610.410.430.590.330.57-0.290.420.590.86-0.490.760.550.660.530.470.550.620.680.30.410.570.540.860.48
0.890.850.990.970.950.960.730.940.970.54-0.910.820.930.820.950.960.960.950.750.990.410.970.960.820.96
0.930.880.960.990.920.980.590.950.990.67-0.940.90.950.880.980.980.970.970.810.940.570.970.980.90.97
0.910.870.950.980.910.950.590.980.980.66-0.920.870.890.860.940.960.930.970.80.930.540.960.980.880.94
0.890.750.820.920.740.90.220.790.920.86-0.830.940.860.890.860.840.870.930.860.740.860.820.90.880.85
0.890.90.950.970.90.990.630.920.970.59-0.920.820.90.830.980.980.930.950.760.950.480.960.970.940.85
Click cells to compare fundamentals

Tenable Holdings Account Relationship Matchups

Tenable Holdings fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets558.6M690.6M1.2B1.4B1.6B1.7B
Common Stock Shares Outstanding96.0M101.0M106.4M111.3M115.4M93.2M
Other Current Liab46.4M32.7M57.8M57.5M69.5M41.6M
Total Current Liabilities327.6M374.9M483.9M584.2M675.8M410.8M
Total Stockholder Equity98.9M150.7M215.3M270.9M346.3M363.7M
Other Liab91.4M110.5M129.9M169.9M195.4M106.9M
Net Tangible Assets29.3M83.1M(117.8M)(121.0M)(139.2M)(146.1M)
Property Plant And Equipment Net69.7M78.3M75.4M85.2M80.3M59.3M
Current Deferred Revenue274.3M328.8M407.5M502.1M580.8M350.6M
Net Debt(28.5M)(119.9M)144.1M119.5M176.2M185.0M
Retained Earnings(565.1M)(607.9M)(654.5M)(746.8M)(825.0M)(866.3M)
Accounts Payable1.7M5.7M16.3M18.7M16.9M17.8M
Cash74.4M178.2M278M300.9M237.1M178.1M
Non Current Assets Total195.7M206.8M499.4M582.4M801.4M841.5M
Non Currrent Assets Other56.3M60.8M90.9M105.2M86.2M67.1M
Other Assets56.3M100.3M90.9M105.2M121.0M69.5M
Cash And Short Term Investments212.3M291.8M512.3M567.4M474.0M330.4M
Net Receivables94.8M115.3M136.6M187.3M220.1M125.0M
Good Will54.1M54.4M261.6M316.5M518.5M544.5M
Common Stock Total Equity986K1.0M1.1M1.1M1.3M885.0K
Liabilities And Stockholders Equity558.6M690.6M1.2B1.4B1.6B862.8M
Non Current Liabilities Total132.1M165.0M549.6M584.5M584.7M379.1M
Capital Surpluse663.0M757.5M869.1M1.0B1.2B616.9M
Other Current Assets55.9M76.6M100.5M102.4M111.4M74.6M
Other Stockholder Equity663.0M757.5M869.1M1.0B1.2B641.4M
Total Liab459.7M539.9M1.0B1.2B1.3B789.9M
Deferred Long Term Liab43.8M46.7M59.6M67.2M77.3M45.6M
Property Plant And Equipment Gross69.7M38.9M75.4M85.2M124.8M131.0M
Total Current Assets363.0M483.8M749.4M857.2M805.5M530.0M
Accumulated Other Comprehensive Income50K10K(306K)(1.4M)38K39.9K
Non Current Liabilities Other2.6M165.0M6.5M7.4M7.6M7.3M
Short Term Debt5.2M7.6M2.3M5.8M8.6M7.4M
Intangible Assets15.5M13.2M71.5M75.4M107.0M112.4M
Common Stock986K1.0M1.1M1.1M1.2M936.0K
Property Plant Equipment69.7M38.9M75.4M85.2M98.0M49.0M
Net Invested Capital98.9M150.7M580.0M632.8M705.6M740.9M
Net Working Capital35.3M108.9M265.6M273.0M129.6M139.2M
Short Long Term Debt Total45.9M58.3M422.1M420.4M413.3M251.2M

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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
When determining whether Tenable Holdings offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Tenable Holdings' 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 Tenable Holdings Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Tenable Holdings Stock:
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Tenable Holdings. 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.
For information on how to trade Tenable Stock refer to our How to Trade Tenable Stock guide.
You can also try the Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.
Is Systems Software 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 Tenable Holdings. If investors know Tenable 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 Tenable Holdings listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(0.51)
Revenue Per Share
7.435
Quarterly Revenue Growth
0.127
Return On Assets
(0.01)
Return On Equity
(0.16)
The market value of Tenable Holdings is measured differently than its book value, which is the value of Tenable that is recorded on the company's balance sheet. Investors also form their own opinion of Tenable Holdings' value that differs from its market value or its book value, called intrinsic value, which is Tenable Holdings' 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 Tenable Holdings' market value can be influenced by many factors that don't directly affect Tenable Holdings' 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 Tenable Holdings' value and its price as these two are different measures arrived at by different means. Investors typically determine if Tenable Holdings is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Tenable Holdings' 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.