Ichor Net Debt vs Net Invested Capital Analysis

ICHR Stock

USD 32.76 0.60 1.87%

Ichor Holdings financial indicator trend analysis is infinitely more than just investigating Ichor Holdings recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Ichor Holdings is a good investment. Please check the relationship between Ichor Holdings Net Debt and its Net Invested Capital accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Ichor 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 rate.

To learn how to invest in Ichor Stock, please use our How to Invest in Ichor Holdings guide.

Net Debt vs Net Invested Capital

Net Debt vs Net Invested Capital Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Ichor Holdings Net Debt account and Net Invested Capital. At this time, the significance of the direction appears to have strong relationship.

The correlation between Ichor Holdings' Net Debt and Net Invested Capital is 0.69. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Net Invested Capital in the same time period over historical financial statements of Ichor Holdings, assuming nothing else is changed. The correlation between historical values of Ichor Holdings' Net Debt and Net Invested Capital 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 Debt of Ichor Holdings are associated (or correlated) with its Net Invested Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Invested Capital has no effect on the direction of Net Debt i.e., Ichor Holdings' Net Debt and Net Invested Capital go up and down completely randomly.

Correlation Coefficient

0.69

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

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.

Net Invested Capital

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

Most indicators from Ichor Holdings' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Ichor 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Ichor 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 rate.

To learn how to invest in Ichor Stock, please use our How to Invest in Ichor Holdings guide.At this time, Ichor Holdings' Tax Provision is relatively stable compared to the past year. As of 12/01/2024, Enterprise Value is likely to grow to about 1.6 B, while Discontinued Operations is likely to drop (556.7 K).

	2021	2022	2023	2024 (projected)
Interest Expense	6.5M	11.1M	19.4M	20.3M
Depreciation And Amortization	26.0M	35.1M	34.6M	22.7M

Interest Expense Depreciation And Amortization

Ichor Holdings fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Long Term Debt	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab
Total Assets		0.98	0.11	0.83	0.98	-0.21	0.87	0.96	0.03	0.75	0.94	0.74	0.61	0.97	0.14	0.81	0.97	0.61	0.94	0.94	0.52	0.98	0.98	0.73	0.93	0.97
Short Long Term Debt Total	0.98		0.02	0.81	0.94	-0.12	0.81	0.95	0.03	0.83	0.93	0.73	0.54	0.97	0.18	0.72	1.0	0.54	0.91	0.93	0.61	1.0	0.97	0.66	0.88	0.98
Other Current Liab	0.11	0.02		0.0	0.18	-0.06	-0.01	0.13	-0.3	-0.02	0.11	-0.16	0.07	0.09	-0.31	0.34	-0.01	0.07	0.22	0.09	0.2	0.03	0.03	0.15	-0.08	0.02
Total Current Liabilities	0.83	0.81	0.0		0.74	-0.19	0.72	0.71	0.43	0.54	0.73	0.98	0.63	0.75	0.27	0.63	0.82	0.63	0.93	0.65	0.29	0.8	0.78	0.73	0.8	0.91
Total Stockholder Equity	0.98	0.94	0.18	0.74		-0.26	0.88	0.97	-0.07	0.71	0.94	0.64	0.61	0.96	0.07	0.86	0.92	0.61	0.89	0.96	0.48	0.94	0.96	0.72	0.92	0.91
Other Liab	-0.21	-0.12	-0.06	-0.19	-0.26		-0.36	-0.25	-0.02	0.03	-0.27	-0.18	-0.26	-0.18	0.7	-0.36	-0.09	-0.26	-0.27	-0.29	0.31	-0.1	-0.15	-0.3	-0.23	-0.14
Net Tangible Assets	0.87	0.81	-0.01	0.72	0.88	-0.36		0.8	-0.02	0.46	0.9	0.66	0.74	0.8	0.08	0.87	0.8	0.74	0.77	0.79	0.21	0.8	0.84	0.69	0.93	0.81
Property Plant And Equipment Net	0.96	0.95	0.13	0.71	0.97	-0.25	0.8		-0.15	0.84	0.94	0.61	0.43	0.99	0.04	0.76	0.93	0.43	0.87	0.99	0.54	0.95	0.97	0.6	0.86	0.91
Current Deferred Revenue	0.03	0.03	-0.3	0.43	-0.07	-0.02	-0.02	-0.15		-0.23	-0.18	0.52	0.4	-0.08	0.15	-0.08	0.07	0.4	0.22	-0.14	-0.26	0.02	-0.05	0.45	0.16	0.16
Net Debt	0.75	0.83	-0.02	0.54	0.71	0.03	0.46	0.84	-0.23		0.75	0.47	-0.03	0.87	0.16	0.37	0.82	-0.03	0.66	0.82	0.63	0.84	0.83	0.29	0.59	0.77
Retained Earnings	0.94	0.93	0.11	0.73	0.94	-0.27	0.9	0.94	-0.18	0.75		0.63	0.54	0.94	0.01	0.85	0.92	0.54	0.86	0.93	0.53	0.93	0.93	0.63	0.86	0.91
Accounts Payable	0.74	0.73	-0.16	0.98	0.64	-0.18	0.66	0.61	0.52	0.47	0.63		0.59	0.66	0.33	0.51	0.74	0.59	0.85	0.55	0.16	0.72	0.71	0.68	0.77	0.84
Cash	0.61	0.54	0.07	0.63	0.61	-0.26	0.74	0.43	0.4	-0.03	0.54	0.59		0.43	0.09	0.73	0.54	1.0	0.63	0.42	0.15	0.52	0.49	0.73	0.69	0.58
Non Current Assets Total	0.97	0.97	0.09	0.75	0.96	-0.18	0.8	0.99	-0.08	0.87	0.94	0.66	0.43		0.12	0.74	0.96	0.43	0.88	0.98	0.57	0.97	0.98	0.64	0.88	0.94
Non Currrent Assets Other	0.14	0.18	-0.31	0.27	0.07	0.7	0.08	0.04	0.15	0.16	0.01	0.33	0.09	0.12		-0.12	0.22	0.09	0.07	-0.04	0.2	0.19	0.23	-0.02	0.24	0.22
Other Assets	0.81	0.72	0.34	0.63	0.86	-0.36	0.87	0.76	-0.08	0.37	0.85	0.51	0.73	0.74	-0.12		0.7	0.73	0.77	0.77	0.39	0.72	0.72	0.79	0.76	0.72
Long Term Debt	0.97	1.0	-0.01	0.82	0.92	-0.09	0.8	0.93	0.07	0.82	0.92	0.74	0.54	0.96	0.22	0.7		0.54	0.91	0.91	0.61	1.0	0.96	0.66	0.88	0.98
Cash And Short Term Investments	0.61	0.54	0.07	0.63	0.61	-0.26	0.74	0.43	0.4	-0.03	0.54	0.59	1.0	0.43	0.09	0.73	0.54		0.63	0.42	0.15	0.52	0.49	0.73	0.69	0.58
Net Receivables	0.94	0.91	0.22	0.93	0.89	-0.27	0.77	0.87	0.22	0.66	0.86	0.85	0.63	0.88	0.07	0.77	0.91	0.63		0.83	0.44	0.91	0.88	0.76	0.84	0.96
Good Will	0.94	0.93	0.09	0.65	0.96	-0.29	0.79	0.99	-0.14	0.82	0.93	0.55	0.42	0.98	-0.04	0.77	0.91	0.42	0.83		0.53	0.93	0.94	0.64	0.85	0.88
Common Stock Shares Outstanding	0.52	0.61	0.2	0.29	0.48	0.31	0.21	0.54	-0.26	0.63	0.53	0.16	0.15	0.57	0.2	0.39	0.61	0.15	0.44	0.53		0.62	0.49	0.22	0.24	0.54
Non Current Liabilities Total	0.98	1.0	0.03	0.8	0.94	-0.1	0.8	0.95	0.02	0.84	0.93	0.72	0.52	0.97	0.19	0.72	1.0	0.52	0.91	0.93	0.62		0.97	0.65	0.88	0.98
Inventory	0.98	0.97	0.03	0.78	0.96	-0.15	0.84	0.97	-0.05	0.83	0.93	0.71	0.49	0.98	0.23	0.72	0.96	0.49	0.88	0.94	0.49	0.97		0.62	0.93	0.95
Other Current Assets	0.73	0.66	0.15	0.73	0.72	-0.3	0.69	0.6	0.45	0.29	0.63	0.68	0.73	0.64	-0.02	0.79	0.66	0.73	0.76	0.64	0.22	0.65	0.62		0.75	0.71
Other Stockholder Equity	0.93	0.88	-0.08	0.8	0.92	-0.23	0.93	0.86	0.16	0.59	0.86	0.77	0.69	0.88	0.24	0.76	0.88	0.69	0.84	0.85	0.24	0.88	0.93	0.75		0.89
Total Liab	0.97	0.98	0.02	0.91	0.91	-0.14	0.81	0.91	0.16	0.77	0.91	0.84	0.58	0.94	0.22	0.72	0.98	0.58	0.96	0.88	0.54	0.98	0.95	0.71	0.89

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Ichor Holdings Account Relationship Matchups

Ichor Holdings fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	566.6M	774.2M	1.0B	1.1B	938.5M	671.8M
Short Long Term Debt Total	192.6M	210.7M	322.7M	341.7M	286.3M	208.7M
Other Current Liab	5.2M	26.4M	25.8M	39.4M	12.0M	19.3M
Total Current Liabilities	163.9M	162.0M	208.3M	166.3M	99.0M	139.0M
Total Stockholder Equity	221.4M	411.7M	500.7M	587.5M	564.7M	330.3M
Other Liab	2.9M	3.7M	4.3M	4.9M	4.4M	4.2M
Net Tangible Assets	(3.6M)	197.0M	74.9M	180.1M	207.1M	217.4M
Property Plant And Equipment Net	58.7M	51.9M	115.0M	138.6M	129.4M	65.7M
Current Deferred Revenue	12.8M	20.8M	19.1M	(9.5M)	(10.9M)	(10.3M)
Net Debt	132.0M	(42.2M)	247.2M	255.3M	206.4M	125.4M
Retained Earnings	70.7M	104.0M	174.9M	247.7M	204.7M	214.9M
Accounts Payable	131.6M	116.7M	159.7M	110.2M	60.5M	102.5M
Cash	60.6M	252.9M	75.5M	86.5M	80.0M	83.3M
Non Current Assets Total	289.6M	278.5M	558.1M	570.3M	537.1M	344.2M
Non Currrent Assets Other	1.1M	5.5M	9.2M	12.9M	11.9M	12.1M
Other Assets	5.8M	21.9M	17.3M	16.1M	18.6M	19.5M
Long Term Debt	169.3M	191.5M	285.3M	293.2M	241.2M	187.1M
Cash And Short Term Investments	60.6M	252.9M	75.5M	86.5M	80.0M	83.3M
Net Receivables	84.8M	101.0M	143.0M	136.3M	66.7M	74.7M
Common Stock Shares Outstanding	22.8M	23.5M	29.0M	29.0M	29.2M	25.4M
Liabilities And Stockholders Equity	566.6M	774.2M	1.0B	1.1B	938.5M	671.8M
Non Current Liabilities Total	181.3M	200.4M	311.9M	330.0M	274.8M	202.5M
Inventory	127.0M	134.8M	236.1M	283.7M	245.9M	157.6M
Other Current Assets	4.4M	14.2M	16.3M	7.0M	8.8M	8.6M
Other Stockholder Equity	150.7M	307.7M	325.9M	339.8M	360.0M	228.7M
Total Liab	345.1M	362.5M	520.2M	496.2M	373.8M	341.5M
Property Plant And Equipment Gross	58.7M	41.8M	115.0M	138.6M	212.5M	223.1M
Total Current Assets	276.9M	495.7M	462.8M	513.5M	401.4M	327.5M
Short Term Debt	14.2M	19.0M	22.8M	16.7M	26.4M	17.6M
Intangible Assets	52.0M	39.8M	88.6M	72.0M	57.3M	55.4M
Property Plant Equipment	58.7M	41.8M	115.0M	98.1M	112.8M	118.4M
Long Term Debt Total	169.3M	191.5M	285.3M	293.2M	337.2M	193.6M
Capital Surpluse	242.3M	399.3M	417.4M	431.4M	496.1M	293.2M
Non Current Liabilities Other	2.7M	8.8M	4.2M	4.9M	4.3M	4.4M
Retained Earnings Total Equity	70.7M	104.0M	174.9M	247.7M	284.8M	299.0M
Deferred Long Term Liab	210K	109K	38K	29K	26.1K	24.8K
Net Invested Capital	399.5M	612.0M	793.5M	888.2M	813.4M	677.2M

Pair Trading with Ichor Holdings

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 Ichor Holdings 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 Ichor Holdings will appreciate offsetting losses from the drop in the long position's value.

Moving together with Ichor Stock

0.68

CAN

Canaan Inc Buyout Trend

Pair Corr

Moving against Ichor Stock

0.53	QRVO	Qorvo Inc	Pair Corr
0.52	MPWR	Monolithic Power Systems	Pair Corr
0.49	MX	MagnaChip Semiconductor Tech Boost	Pair Corr
0.42	SWKS	Skyworks Solutions	Pair Corr
0.39	MCHP	Microchip Technology	Pair Corr

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

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

Additional Tools for Ichor Stock Analysis

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

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