Microchip Free Cash Flow vs Change In Cash Analysis

MCHP Stock  USD 57.87  2.36  4.25%   
Microchip Technology financial indicator trend analysis is infinitely more than just investigating Microchip Technology recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Microchip Technology is a good investment. Please check the relationship between Microchip Technology Free Cash Flow and its Change In Cash accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Microchip Technology. 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 Microchip Stock, please use our How to Invest in Microchip Technology guide.

Free Cash Flow vs Change In Cash

JavaScript chart by amCharts 3.21.15201420162018202020222024600M800M1B1.2B1.4B1.6B1.8B2B2.2B2.4B2.6B2.8B3B3.2B -1.2B-1B-800M-600M-400M-200M0200M400M600M800M1B1.2B1.4B
JavaScript chart by amCharts 3.21.15Free Cash Flowtotal: 19.7BChange In Cashtotal: -118.7M

Free Cash Flow vs Change In Cash Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Microchip Technology Free Cash Flow account and Change In Cash. At this time, the significance of the direction appears to have weak contrarian relationship.
Free Cash FlowChange In CashDiversified AwayFree Cash FlowChange In CashDiversified Away100%
The correlation between Microchip Technology's Free Cash Flow and Change In Cash is -0.07. Overlapping area represents the amount of variation of Free Cash Flow that can explain the historical movement of Change In Cash in the same time period over historical financial statements of Microchip Technology, assuming nothing else is changed. The correlation between historical values of Microchip Technology's Free Cash Flow and Change In Cash is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Free Cash Flow of Microchip Technology are associated (or correlated) with its Change In Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Change In Cash has no effect on the direction of Free Cash Flow i.e., Microchip Technology's Free Cash Flow and Change In Cash go up and down completely randomly.

Correlation Coefficient

-0.07
Relationship DirectionNegative 
Relationship StrengthInsignificant

Free Cash Flow

The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.

Change In Cash

Most indicators from Microchip Technology's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Microchip Technology 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Microchip Technology. 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 Microchip Stock, please use our How to Invest in Microchip Technology guide.At this time, Microchip Technology's Selling General Administrative is relatively stable compared to the past year. As of 12/25/2024, Tax Provision is likely to grow to about 481.9 M, while Enterprise Value Over EBITDA is likely to drop 12.69.
 2021 2022 2023 2024 (projected)
Gross Profit4.4B5.7B5.0B5.2B
Total Revenue6.8B8.4B7.6B8.0B

Microchip Technology fundamental ratios Correlations

0.940.930.890.960.870.960.820.72-0.30.990.58-0.60.960.80.970.84-0.170.420.990.30.21-0.150.670.610.67
0.940.850.750.820.70.960.630.63-0.120.940.73-0.510.820.710.980.65-0.230.550.970.270.35-0.260.460.430.46
0.930.850.780.920.840.890.840.57-0.370.940.45-0.660.90.680.90.82-0.120.250.910.130.03-0.190.750.810.75
0.890.750.780.90.870.80.830.63-0.320.860.43-0.530.930.710.760.89-0.160.240.850.350.310.050.660.560.66
0.960.820.920.90.950.860.930.71-0.290.940.36-0.570.990.820.870.94-0.10.230.910.360.15-0.020.820.740.82
0.870.70.840.870.950.70.950.57-0.150.820.2-0.380.920.810.730.96-0.060.070.80.470.240.170.850.780.85
0.960.960.890.80.860.70.660.69-0.390.980.74-0.670.860.690.990.68-0.190.530.980.140.16-0.320.490.470.49
0.820.630.840.830.930.950.660.55-0.310.790.09-0.570.910.660.670.98-0.04-0.150.740.260.13-0.020.910.850.91
0.720.630.570.630.710.570.690.55-0.360.710.33-0.450.740.790.680.590.010.450.70.420.01-0.210.560.290.56
-0.3-0.12-0.37-0.32-0.29-0.15-0.39-0.31-0.36-0.36-0.190.79-0.34-0.01-0.26-0.3-0.040.03-0.290.470.510.46-0.24-0.25-0.24
0.990.940.940.860.940.820.980.790.71-0.360.61-0.670.940.740.970.81-0.170.430.990.210.16-0.230.630.590.63
0.580.730.450.430.360.20.740.090.33-0.190.61-0.320.350.330.70.11-0.10.720.670.010.23-0.34-0.19-0.14-0.19
-0.6-0.51-0.66-0.53-0.57-0.38-0.67-0.57-0.450.79-0.67-0.32-0.61-0.14-0.58-0.550.08-0.03-0.60.470.340.56-0.45-0.47-0.45
0.960.820.90.930.990.920.860.910.74-0.340.940.35-0.610.80.860.94-0.160.240.910.330.18-0.060.820.710.82
0.80.710.680.710.820.810.690.660.79-0.010.740.33-0.140.80.730.69-0.060.470.760.740.310.220.650.480.65
0.970.980.90.760.870.730.990.670.68-0.260.970.7-0.580.860.730.69-0.20.550.990.230.2-0.270.520.490.52
0.840.650.820.890.940.960.680.980.59-0.30.810.11-0.550.940.690.69-0.11-0.060.770.320.170.060.890.80.89
-0.17-0.23-0.12-0.16-0.1-0.06-0.19-0.040.01-0.04-0.17-0.10.08-0.16-0.06-0.2-0.11-0.14-0.2-0.04-0.28-0.14-0.04-0.06-0.04
0.420.550.250.240.230.070.53-0.150.450.030.430.72-0.030.240.470.55-0.06-0.140.50.250.06-0.01-0.18-0.23-0.18
0.990.970.910.850.910.80.980.740.7-0.290.990.67-0.60.910.760.990.77-0.20.50.270.24-0.210.570.530.57
0.30.270.130.350.360.470.140.260.420.470.210.010.470.330.740.230.32-0.040.250.270.580.590.30.120.3
0.210.350.030.310.150.240.160.130.010.510.160.230.340.180.310.20.17-0.280.060.240.580.190.0-0.090.0
-0.15-0.26-0.190.05-0.020.17-0.32-0.02-0.210.46-0.23-0.340.56-0.060.22-0.270.06-0.14-0.01-0.210.590.190.060.060.06
0.670.460.750.660.820.850.490.910.56-0.240.63-0.19-0.450.820.650.520.89-0.04-0.180.570.30.00.060.911.0
0.610.430.810.560.740.780.470.850.29-0.250.59-0.14-0.470.710.480.490.8-0.06-0.230.530.12-0.090.060.910.91
0.670.460.750.660.820.850.490.910.56-0.240.63-0.19-0.450.820.650.520.89-0.04-0.180.570.30.00.061.00.91
Click cells to compare fundamentals

Microchip Technology Account Relationship Matchups

Microchip Technology fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets17.4B16.5B16.2B16.4B15.9B16.7B
Short Long Term Debt Total9.5B8.9B7.7B6.4B6.0B6.3B
Other Current Liab781.8M711.1M947.3M464.9M921.8M967.9M
Total Current Liabilities1.6B2.4B1.4B3.1B2.5B2.6B
Total Stockholder Equity5.6B5.3B5.9B6.5B6.7B7.0B
Property Plant And Equipment Net876.1M854.7M967.9M1.2B1.4B1.4B
Net Debt9.1B8.6B7.4B6.2B5.7B6.0B
Retained Earnings3.4B3.4B4.2B5.8B6.8B7.1B
Accounts Payable246.8M292.4M344.7M396.9M213M123.0M
Cash401M280M317.4M234M319.7M413.5M
Non Current Assets Total15.2B14.3B13.7B13.3B12.9B13.5B
Non Currrent Assets Other14.3B13.5B265.2M457.2M455.6M432.8M
Cash And Short Term Investments403M282M319.4M234M319.7M303.7M
Net Receivables934M997.7M1.1B1.3B1.1B1.2B
Common Stock Shares Outstanding512.4M541.2M565.9M557.3M548M469.3M
Liabilities And Stockholders Equity17.4B16.5B16.2B16.4B15.9B16.7B
Non Current Liabilities Total10.2B8.7B8.9B6.7B6.7B7.0B
Inventory685.7M665M854.4M1.3B1.3B1.4B
Other Current Assets194.5M200.5M206.2M205.1M233.6M232.5M
Other Stockholder Equity2.2B2.0B1.7B753.1M(98.7M)(93.8M)
Total Liab11.8B11.1B10.3B9.9B9.2B9.7B
Total Current Assets2.2B2.1B2.5B3.1B3.0B1.6B
Short Term Debt608.8M1.4B33.8M1.4B1.0B541.1M
Property Plant And Equipment Gross995.6M1.0B3.6B1.2B4.0B4.2B
Accumulated Other Comprehensive Income(21.6M)(26.2M)(20.6M)(4.1M)(3.5M)(3.7M)
Other Liab1.2B1.2B1.2B1.6B1.8B1.9B
Other Assets1.8B13.5B12.8B1.9B2.2B1.5B
Treasury Stock(500.6M)(433.8M)(796.3M)(1.7B)(1.5B)(1.4B)
Property Plant Equipment876.1M854.7M967.9M1.2B1.4B757.0M
Good Will6.7B6.7B6.7B6.7B6.7B7.0B
Short Term Investments1.3B2.3M2M0.0639.4M429.7M
Intangible Assets5.7B4.8B4.0B3.4B2.8B1.7B
Long Term Debt8.9B7.6B7.7B5.0B5.0B3.7B
Net Tangible Assets(6.8B)(6.1B)5.9B(160M)(144M)(151.2M)
Retained Earnings Total Equity3.4B3.4B4.2B5.8B6.6B7.0B
Long Term Debt Total8.9B7.6B7.7B5.0B5.8B3.9B

Pair Trading with Microchip Technology

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 Microchip Technology 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 Microchip Technology will appreciate offsetting losses from the drop in the long position's value.

Moving together with Microchip Stock

  0.72MX MagnaChip SemiconductorPairCorr

Moving against Microchip Stock

  0.89CAN Canaan Inc Buyout TrendPairCorr
  0.84AIP ArterisPairCorr
  0.82MXL MaxLinearPairCorr
  0.63GFS GlobalfoundriesPairCorr
  0.51CVV CVD EquipmentPairCorr
The ability to find closely correlated positions to Microchip Technology could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Microchip Technology 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 Microchip Technology - 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 Microchip Technology to buy it.
The correlation of Microchip Technology 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 Microchip Technology moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Microchip Technology 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 Microchip Technology 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 CorrelationCorrelation Matching

Additional Tools for Microchip Stock Analysis

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

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