0KV7 Stock | | | 156.07 6.75 4.15% |
Tomra Systems financial indicator trend analysis is much more than just breaking down Tomra Systems ASA prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Tomra Systems ASA is a good investment. Please check the relationship between Tomra Systems Long Term Debt and its Short Long Term Debt Total accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Tomra Systems ASA. 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.
Long Term Debt vs Short Long Term Debt Total
Long Term Debt vs Short Long Term Debt Total Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Tomra Systems ASA Long Term Debt account and
Short Long Term Debt Total. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Tomra Systems' Long Term Debt and Short Long Term Debt Total is 0.97. Overlapping area represents the amount of variation of Long Term Debt that can explain the historical movement of Short Long Term Debt Total in the same time period over historical financial statements of Tomra Systems ASA, assuming nothing else is changed. The correlation between historical values of Tomra Systems' Long Term Debt and Short Long Term Debt Total is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Long Term Debt of Tomra Systems ASA are associated (or correlated) with its Short Long Term Debt Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Long Term Debt Total has no effect on the direction of Long Term Debt i.e., Tomra Systems' Long Term Debt and Short Long Term Debt Total go up and down completely randomly.
Correlation Coefficient | 0.97 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Long Term Debt
Long-term debt is a debt that Tomra Systems ASA has held for over one year. Long-term debt appears on Tomra Systems ASA balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on Tomra Systems ASA balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.
Short Long Term Debt Total
Most indicators from Tomra Systems' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Tomra Systems ASA 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
Trending Equities to better understand how to build diversified portfolios, which includes a position in Tomra Systems ASA. 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.
Tax Provision is likely to drop to about 282.5
M in 2024.
Selling General Administrative is likely to drop to about 2.8
B in 2024
Tomra Systems fundamental ratios Correlations
Click cells to compare fundamentals
Tomra Systems Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Tomra Systems fundamental ratios Accounts
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