300707 Short Long Term Debt vs Other Current Assets Analysis

300707 Stock   16.00  0.05  0.31%   
VT Industrial financial indicator trend analysis is much more than just breaking down VT Industrial Technology prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether VT Industrial Technology is a good investment. Please check the relationship between VT Industrial Short Long Term Debt and its Other Current Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in VT Industrial 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 board of governors.

Short Long Term Debt vs Other Current Assets

Short Long Term Debt vs Other Current Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of VT Industrial Technology Short Long Term Debt account and Other Current Assets. At this time, the significance of the direction appears to have very week relationship.
The correlation between VT Industrial's Short Long Term Debt and Other Current Assets is 0.22. Overlapping area represents the amount of variation of Short Long Term Debt that can explain the historical movement of Other Current Assets in the same time period over historical financial statements of VT Industrial Technology, assuming nothing else is changed. The correlation between historical values of VT Industrial's Short Long Term Debt and Other Current Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Short Long Term Debt of VT Industrial Technology are associated (or correlated) with its Other Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Assets has no effect on the direction of Short Long Term Debt i.e., VT Industrial's Short Long Term Debt and Other Current Assets go up and down completely randomly.

Correlation Coefficient

0.22
Relationship DirectionPositive 
Relationship StrengthVery Weak

Short Long Term Debt

The total of a company's short-term and long-term borrowings.

Other Current Assets

Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.
Most indicators from VT Industrial's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into VT Industrial 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in VT Industrial 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 board of governors.
The current year's Tax Provision is expected to grow to about 7.8 M, whereas Selling General Administrative is forecasted to decline to about 37.9 M.
 2021 2022 2023 2024 (projected)
Gross Profit182.4M193.1M186.5M196.7M
Total Revenue721.4M823.0M819.1M630.3M

VT Industrial fundamental ratios Correlations

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-0.39-0.47-0.3-0.22-0.16-0.27-0.55-0.3-0.490.07-0.46-0.23-0.41-0.45-0.230.11-0.45-0.48-0.5-0.45-0.33-0.03-0.1-0.3-0.16
0.95-0.470.930.810.820.830.980.930.91-0.720.810.820.820.810.930.290.790.920.790.910.940.640.720.770.78
0.98-0.30.930.930.970.960.870.960.94-0.890.880.860.910.840.960.510.850.910.840.930.990.870.910.840.93
0.95-0.220.810.930.940.960.770.930.93-0.820.910.910.950.940.880.630.910.930.890.80.950.910.860.950.92
0.94-0.160.820.970.940.980.760.90.9-0.960.840.860.910.80.910.580.810.840.790.880.940.950.960.820.96
0.95-0.270.830.960.960.980.790.890.95-0.910.890.930.970.870.920.620.880.90.860.880.940.920.930.880.97
0.92-0.550.980.870.770.760.790.870.91-0.620.810.810.820.830.90.330.790.920.80.830.90.550.610.760.7
0.97-0.30.930.960.930.90.890.870.9-0.790.870.820.860.870.910.440.860.930.850.880.990.810.830.860.86
0.98-0.490.910.940.930.90.950.910.9-0.770.920.930.980.940.910.510.910.980.910.880.950.780.80.910.88
-0.820.07-0.72-0.89-0.82-0.96-0.91-0.62-0.79-0.77-0.73-0.74-0.8-0.63-0.82-0.46-0.68-0.69-0.65-0.85-0.84-0.94-0.95-0.66-0.9
0.92-0.460.810.880.910.840.890.810.870.92-0.730.850.910.930.850.60.990.930.990.740.910.810.720.950.79
0.9-0.230.820.860.910.860.930.810.820.93-0.740.850.930.890.910.630.870.90.860.760.870.780.750.910.88
0.94-0.410.820.910.950.910.970.820.860.98-0.80.910.930.930.870.630.910.930.910.840.910.850.840.920.92
0.92-0.450.810.840.940.80.870.830.870.94-0.630.930.890.930.80.530.940.980.940.730.890.740.670.970.77
0.95-0.230.930.960.880.910.920.90.910.91-0.820.850.910.870.80.580.830.880.820.840.950.770.810.830.88
0.50.110.290.510.630.580.620.330.440.51-0.460.60.630.630.530.580.620.470.610.220.490.610.520.660.6
0.9-0.450.790.850.910.810.880.790.860.91-0.680.990.870.910.940.830.620.931.00.710.880.780.690.970.79
0.97-0.480.920.910.930.840.90.920.930.98-0.690.930.90.930.980.880.470.930.930.830.950.740.720.940.81
0.9-0.50.790.840.890.790.860.80.850.91-0.650.990.860.910.940.820.611.00.930.710.870.760.670.960.77
0.9-0.450.910.930.80.880.880.830.880.88-0.850.740.760.840.730.840.220.710.830.710.90.750.880.670.87
0.99-0.330.940.990.950.940.940.90.990.95-0.840.910.870.910.890.950.490.880.950.870.90.840.850.880.89
0.83-0.030.640.870.910.950.920.550.810.78-0.940.810.780.850.740.770.610.780.740.760.750.840.940.80.91
0.84-0.10.720.910.860.960.930.610.830.8-0.950.720.750.840.670.810.520.690.720.670.880.850.940.690.97
0.9-0.30.770.840.950.820.880.760.860.91-0.660.950.910.920.970.830.660.970.940.960.670.880.80.690.81
0.89-0.160.780.930.920.960.970.70.860.88-0.90.790.880.920.770.880.60.790.810.770.870.890.910.970.81
Click cells to compare fundamentals

VT Industrial Account Relationship Matchups

VT Industrial fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets880.9M1.2B1.3B1.5B2.0B1.2B
Other Current Liab62.9M67.1M27.5M577.0K3.7M3.6M
Total Current Liabilities210.5M194.3M192.3M283.8M412.4M241.3M
Total Stockholder Equity648.9M715.5M763.7M815.4M1.2B768.3M
Other Liab14.5M12.8M26.7M24.2M27.9M17.2M
Net Tangible Assets602.3M606.1M654.4M705.4M811.2M610.3M
Retained Earnings244.5M270.0M313.0M331.5M341.9M267.3M
Accounts Payable76.5M65.5M93.2M116.0M170.5M95.1M
Cash230.0M484.3M334.7M410.7M757.7M393.4M
Non Current Assets Total313.6M366.8M486.8M589.1M637.5M420.7M
Non Currrent Assets Other4.3M31.7M38.5M2.7M10.3M9.8M
Other Assets16.3M15.6M60.9M70.0M80.5M84.5M
Net Receivables135.3M170.8M249.7M257.6M247.5M181.2M
Non Current Liabilities Total12.8M288.0M304.9M382.6M382.9M196.8M
Inventory192.6M166.4M182.5M173.3M260.3M179.2M
Other Current Assets9.4M10.6M15.0M6.0M8.3M9.4M
Other Stockholder Equity10.0M12.7M52.4M53.9M61.9M65.0M
Total Liab223.3M482.3M497.2M666.4M795.3M438.1M
Deferred Long Term Liab5.7M6.1M20.5M22.8M26.3M27.6M
Short Long Term Debt40M30.2M30.0M60.1M72.1M45.0M
Total Current Assets567.3M839.4M782.2M898.5M1.3B795.9M
Non Current Liabilities Other10.3M14.9M13.3M12.7M11.4M12.5M
Intangible Assets37.4M55.6M52.9M52.3M54.6M48.7M
Property Plant Equipment232.0M254.4M244.6M328.1M377.3M245.1M
Net Invested Capital688.9M1.0B1.1B1.2B1.6B1.1B
Net Working Capital356.8M645.1M589.9M614.7M930.2M616.8M

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Other Information on Investing in 300707 Stock

Balance Sheet is a snapshot of the financial position of VT Industrial Technology at a specified time, usually calculated after every quarter, six months, or one year. VT Industrial Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of VT Industrial and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which 300707 currently owns. An asset can also be divided into two categories, current and non-current.