Viatris Capital Expenditures vs Depreciation Analysis

VTRS Stock  USD 12.51  0.29  2.27%   
Viatris financial indicator trend analysis is much more than just breaking down Viatris prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Viatris is a good investment. Please check the relationship between Viatris Capital Expenditures and its Depreciation accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Viatris. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.
For more information on how to buy Viatris Stock please use our How to Invest in Viatris guide.

Capital Expenditures vs Depreciation

Capital Expenditures vs Depreciation Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Viatris Capital Expenditures account and Depreciation. At this time, the significance of the direction appears to have almost no relationship.
The correlation between Viatris' Capital Expenditures and Depreciation is 0.18. Overlapping area represents the amount of variation of Capital Expenditures that can explain the historical movement of Depreciation in the same time period over historical financial statements of Viatris, assuming nothing else is changed. The correlation between historical values of Viatris' Capital Expenditures and Depreciation is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Capital Expenditures of Viatris are associated (or correlated) with its Depreciation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Depreciation has no effect on the direction of Capital Expenditures i.e., Viatris' Capital Expenditures and Depreciation go up and down completely randomly.

Correlation Coefficient

0.18
Relationship DirectionPositive 
Relationship StrengthInsignificant

Capital Expenditures

Capital Expenditures are funds used by Viatris to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of Viatris operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.

Depreciation

Depreciation indicates how much of Viatris value has been used up. For tax purposes Viatris can deduct the cost of the tangible assets it purchases as business expenses. However, Viatris must depreciate these assets in accordance with IRS rules about how and when the deduction may be taken, and how long it will last. The systematic allocation of the cost of a tangible asset over its useful life.
Most indicators from Viatris' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Viatris 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 Viatris. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.
For more information on how to buy Viatris Stock please use our How to Invest in Viatris guide.At this time, Viatris' Selling General Administrative is comparatively stable compared to the past year. Tax Provision is likely to gain to about 730.1 M in 2024, whereas Enterprise Value is likely to drop slightly above 7.2 B in 2024.
 2021 2022 2023 2024 (projected)
Interest Expense636.2M592.4M573.1M601.8M
Depreciation And Amortization4.5B3.0B2.7B2.8B

Viatris fundamental ratios Correlations

0.990.880.950.980.970.980.720.661.00.750.950.780.990.970.590.950.990.90.940.69-0.280.840.99-0.660.84
0.990.90.940.950.961.00.690.590.990.680.940.731.00.970.520.920.990.870.90.67-0.350.820.98-0.620.84
0.880.90.790.850.820.910.750.460.890.520.860.580.90.830.360.790.880.690.750.46-0.540.650.88-0.680.82
0.950.940.790.910.960.940.670.550.940.640.960.710.930.950.620.880.960.860.940.87-0.150.870.92-0.530.76
0.980.950.850.910.940.940.70.720.970.80.920.830.940.930.640.990.950.920.940.64-0.280.810.97-0.720.84
0.970.960.820.960.940.950.750.680.960.760.960.760.960.970.590.90.970.90.950.73-0.110.910.93-0.540.73
0.981.00.910.940.940.950.680.550.990.640.930.720.990.960.510.90.990.860.890.68-0.370.820.98-0.610.84
0.720.690.750.670.70.750.680.510.720.490.80.380.720.690.320.580.720.520.670.4-0.190.670.66-0.640.51
0.660.590.460.550.720.680.550.510.640.980.630.670.620.610.510.740.610.690.710.240.150.610.62-0.560.5
1.00.990.890.940.970.960.990.720.640.720.940.750.990.960.520.940.990.880.90.67-0.330.820.99-0.690.86
0.750.680.520.640.80.760.640.490.980.720.690.770.70.690.590.830.690.790.790.350.10.670.71-0.560.58
0.950.940.860.960.920.960.930.80.630.940.690.680.940.940.580.870.960.820.940.73-0.170.890.91-0.610.74
0.780.730.580.710.830.760.720.380.670.750.770.680.710.670.80.890.720.960.830.5-0.130.730.74-0.470.68
0.991.00.90.930.940.960.990.720.620.990.70.940.710.960.50.90.990.850.90.65-0.310.820.98-0.620.84
0.970.970.830.950.930.970.960.690.610.960.690.940.670.960.530.890.970.830.920.74-0.190.840.95-0.540.73
0.590.520.360.620.640.590.510.320.510.520.590.580.80.50.530.680.540.750.80.560.060.580.5-0.230.41
0.950.920.790.880.990.90.90.580.740.940.830.870.890.90.890.680.910.940.930.62-0.270.770.95-0.70.84
0.990.990.880.960.950.970.990.720.610.990.690.960.720.990.970.540.910.870.920.71-0.270.850.98-0.610.83
0.90.870.690.860.920.90.860.520.690.880.790.820.960.850.830.750.940.870.920.65-0.120.850.86-0.510.75
0.940.90.750.940.940.950.890.670.710.90.790.940.830.90.920.80.930.920.920.73-0.080.870.88-0.530.7
0.690.670.460.870.640.730.680.40.240.670.350.730.50.650.740.560.620.710.650.730.060.680.67-0.240.5
-0.28-0.35-0.54-0.15-0.28-0.11-0.37-0.190.15-0.330.1-0.17-0.13-0.31-0.190.06-0.27-0.27-0.12-0.080.060.07-0.350.48-0.52
0.840.820.650.870.810.910.820.670.610.820.670.890.730.820.840.580.770.850.850.870.680.070.77-0.380.5
0.990.980.880.920.970.930.980.660.620.990.710.910.740.980.950.50.950.980.860.880.67-0.350.77-0.710.89
-0.66-0.62-0.68-0.53-0.72-0.54-0.61-0.64-0.56-0.69-0.56-0.61-0.47-0.62-0.54-0.23-0.7-0.61-0.51-0.53-0.240.48-0.38-0.71-0.77
0.840.840.820.760.840.730.840.510.50.860.580.740.680.840.730.410.840.830.750.70.5-0.520.50.89-0.77
Click cells to compare fundamentals

Viatris Account Relationship Matchups

Viatris fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets31.3B61.6B54.8B50.0B47.7B50.1B
Short Long Term Debt Total12.7B25.8B23.1B19.3B18.4B19.3B
Other Current Liab4.1B5.5B4.6B4.0B4.2B4.4B
Total Current Liabilities5.6B10.6B9.9B6.7B7.8B8.2B
Total Stockholder Equity11.9B23.0B20.5B21.1B20.5B21.5B
Property Plant And Equipment Net2.4B3.8B3.5B3.3B3.0B3.2B
Net Debt12.2B25.0B22.4B18.0B17.4B18.2B
Retained Earnings6.0B5.4B3.7B5.2B4.6B4.9B
Cash475.6M844.4M701.2M1.3B991.9M1.0B
Non Current Assets Total24.5B48.7B43.9B39.4B34.7B36.4B
Cash And Short Term Investments475.6M1.0B935M1.5B1.2B1.2B
Net Receivables3.1B4.8B4.3B3.2B4.0B4.2B
Liabilities And Stockholders Equity31.3B61.6B54.8B50.0B47.7B50.1B
Non Current Liabilities Total13.8B28.0B24.5B22.2B19.4B20.4B
Inventory2.7B5.5B4.0B3.5B3.5B3.6B
Other Current Assets552M1.6B1.7B2.4B4.3B4.5B
Other Stockholder Equity7.6B18.4B18.5B18.6B18.6B19.5B
Total Liab19.4B38.6B34.4B28.9B27.2B28.6B
Property Plant And Equipment Gross2.4B3.8B5.9B5.3B5.0B5.3B
Total Current Assets6.8B12.9B10.9B10.6B13.0B13.6B
Accumulated Other Comprehensive Income(1.8B)(858M)(1.7B)(2.8B)(2.7B)(2.6B)
Short Term Debt1.5B3.5B3.4B1.3B2.0B2.1B
Non Currrent Assets Other58.2M676M798.5M1.1B821.1M622.1M
Accounts Payable1.1B1.3B1.7B1.2B1.4B1.5B
Intangible Assets11.6B29.7B26.1B22.6B19.2B20.1B
Short Term Investments109.1M203.5M233.8M212.6M192.5M147.5M
Current Deferred Revenue(1.1B)3.6B4.1B3.1B3.1B3.2B
Good Will9.6B12.3B12.1B10.4B9.9B6.9B
Other Liab2.4B5.4B4.5B4.0B4.6B4.1B
Net Tangible Assets(9.4B)(19.1B)(17.8B)(12.0B)(10.8B)(11.3B)
Other Assets761.3M3.2B5.7B3.0B3.4B2.3B
Long Term Debt11.2B22.4B19.7B18.0B16.2B17.7B
Long Term Investments92.2M47.9M81.4M1.1B1.1B1.2B
Short Long Term Debt567.5M3.4B1.9B1.3B1.9B1.6B
Non Current Liabilities Other266.6M628.9M4.7B555.5M388.7M369.3M
Property Plant Equipment2.4B3.8B3.5B3.3B3.8B3.1B
Net Invested Capital23.7B48.7B21.6B40.3B38.6B35.7B

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