Tibet Cash vs Total Current Liabilities Analysis

600338 Stock

11.70 0.27 2.26%

Tibet Summit financial indicator trend analysis is much more than just breaking down Tibet Summit Resources prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Tibet Summit Resources is a good investment. Please check the relationship between Tibet Summit Cash and its Total Current Liabilities accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Tibet Summit Resources. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Cash vs Total Current Liabilities

Cash vs Total Current Liabilities Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Tibet Summit Resources Cash account and Total Current Liabilities. At this time, the significance of the direction appears to have almost no relationship.

The correlation between Tibet Summit's Cash and Total Current Liabilities is 0.15. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of Tibet Summit Resources, assuming nothing else is changed. The correlation between historical values of Tibet Summit's Cash and Total Current Liabilities is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash of Tibet Summit Resources are associated (or correlated) with its Total Current Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Liabilities has no effect on the direction of Cash i.e., Tibet Summit's Cash and Total Current Liabilities go up and down completely randomly.

Correlation Coefficient

0.15

Relationship Direction	Positive
Relationship Strength	Insignificant

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Cash

Cash refers to the most liquid asset of Tibet Summit Resources, which is listed under current asset account on Tibet Summit Resources balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Tibet Summit customers. The amounts must be unrestricted with restricted cash listed in a different Tibet Summit account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.

Total Current Liabilities

Total Current Liabilities is an item on Tibet Summit balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Tibet Summit Resources are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.

Most indicators from Tibet Summit's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Tibet Summit Resources 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 Tibet Summit Resources. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

As of November 29, 2024, Selling General Administrative is expected to decline to about 127.2 M. In addition to that, Tax Provision is expected to decline to about 13.8 M

	2021	2022	2023	2024 (projected)
Operating Income	985.8M	553.7M	115.9M	110.1M
Total Revenue	2.0B	2.0B	1.5B	1.2B

Operating Income Total Revenue

Tibet Summit fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Retained Earnings	Accounts Payable	Cash	Other Assets	Net Receivables	Inventory	Other Current Assets	Total Liab	Intangible Assets	Common Stock	Property Plant Equipment	Long Term Debt	Other Liab	Short Term Investments	Good Will	Net Tangible Assets	Other Stockholder Equity	Deferred Long Term Liab	Long Term Investments	Short Long Term Debt	Total Current Assets	Short Term Debt
Total Assets		0.06	0.97	0.98	0.92	0.61	0.14	-0.04	0.3	0.48	0.71	0.94	0.53	0.91	0.92	-0.22	-0.54	0.09	-0.53	0.93	-0.9	-0.76	0.88	0.37	0.49	0.9
Other Current Liab	0.06		0.0	0.1	0.27	-0.49	0.11	0.39	-0.01	-0.23	-0.41	0.0	-0.38	0.24	0.2	-0.21	-0.17	0.15	0.35	0.19	-0.32	-0.21	0.29	-0.1	-0.02	0.32
Total Current Liabilities	0.97	0.0		0.91	0.84	0.67	0.15	-0.06	0.29	0.41	0.75	0.98	0.49	0.85	0.89	-0.13	-0.52	0.01	-0.61	0.87	-0.86	-0.7	0.81	0.39	0.5	0.84
Total Stockholder Equity	0.98	0.1	0.91		0.93	0.6	0.04	-0.02	0.23	0.51	0.68	0.86	0.57	0.94	0.94	-0.35	-0.54	0.15	-0.49	0.95	-0.91	-0.82	0.88	0.26	0.38	0.9
Retained Earnings	0.92	0.27	0.84	0.93		0.4	0.08	-0.07	0.29	0.39	0.5	0.82	0.5	0.87	0.89	-0.24	-0.58	0.19	-0.25	0.98	-0.92	-0.77	0.9	0.27	0.42	0.97
Accounts Payable	0.61	-0.49	0.67	0.6	0.4		-0.4	-0.26	-0.18	0.42	0.94	0.57	0.75	0.52	0.67	-0.4	-0.2	-0.17	-0.85	0.49	-0.54	-0.66	0.28	-0.13	-0.09	0.34
Cash	0.14	0.11	0.15	0.04	0.08	-0.4		0.04	0.48	0.15	-0.25	0.3	-0.44	-0.01	-0.15	0.5	-0.08	-0.02	0.25	0.06	0.06	0.32	0.31	0.78	0.73	0.16
Other Assets	-0.04	0.39	-0.06	-0.02	-0.07	-0.26	0.04		-0.13	-0.27	-0.11	-0.07	-0.32	0.25	0.03	0.13	-0.34	-0.13	0.06	-0.1	0.06	-0.02	0.2	0.2	-0.09	0.05
Net Receivables	0.3	-0.01	0.29	0.23	0.29	-0.18	0.48	-0.13		0.1	-0.18	0.39	-0.35	0.17	-0.01	0.44	-0.2	0.66	0.19	0.32	-0.01	0.33	0.32	0.52	0.89	0.38
Inventory	0.48	-0.23	0.41	0.51	0.39	0.42	0.15	-0.27	0.1		0.37	0.37	0.41	0.3	0.36	-0.48	0.15	0.05	-0.14	0.47	-0.34	-0.35	0.4	0.11	0.14	0.43
Other Current Assets	0.71	-0.41	0.75	0.68	0.5	0.94	-0.25	-0.11	-0.18	0.37		0.66	0.69	0.65	0.75	-0.31	-0.33	-0.2	-0.89	0.57	-0.6	-0.72	0.47	0.06	0.02	0.44
Total Liab	0.94	0.0	0.98	0.86	0.82	0.57	0.3	-0.07	0.39	0.37	0.66		0.4	0.79	0.81	0.03	-0.5	0.0	-0.53	0.83	-0.8	-0.59	0.8	0.52	0.62	0.83
Intangible Assets	0.53	-0.38	0.49	0.57	0.5	0.75	-0.44	-0.32	-0.35	0.41	0.69	0.4		0.42	0.63	-0.4	-0.13	-0.31	-0.46	0.48	-0.6	-0.72	0.28	-0.16	-0.25	0.35
Common Stock	0.91	0.24	0.85	0.94	0.87	0.52	-0.01	0.25	0.17	0.3	0.65	0.79	0.42		0.93	-0.32	-0.65	0.15	-0.5	0.88	-0.86	-0.81	0.86	0.21	0.31	0.85
Property Plant Equipment	0.92	0.2	0.89	0.94	0.89	0.67	-0.15	0.03	-0.01	0.36	0.75	0.81	0.63	0.93		-0.43	-0.52	-0.03	-0.59	0.89	-0.96	-0.93	0.8	0.09	0.16	0.84
Long Term Debt	-0.22	-0.21	-0.13	-0.35	-0.24	-0.4	0.5	0.13	0.44	-0.48	-0.31	0.03	-0.4	-0.32	-0.43		-0.13	-0.14	0.27	-0.29	0.41	0.63	-0.13	0.68	0.5	-0.17
Other Liab	-0.54	-0.17	-0.52	-0.54	-0.58	-0.2	-0.08	-0.34	-0.2	0.15	-0.33	-0.5	-0.13	-0.65	-0.52	-0.13		-0.12	0.19	-0.54	0.49	0.41	-0.61	-0.31	-0.33	-0.56
Short Term Investments	0.09	0.15	0.01	0.15	0.19	-0.17	-0.02	-0.13	0.66	0.05	-0.2	0.0	-0.31	0.15	-0.03	-0.14	-0.12		0.2	0.25	0.04	0.15	0.16	-0.15	0.42	0.22
Good Will	-0.53	0.35	-0.61	-0.49	-0.25	-0.85	0.25	0.06	0.19	-0.14	-0.89	-0.53	-0.46	-0.5	-0.59	0.27	0.19	0.2		-0.33	0.44	0.56	-0.25	-0.01	0.02	-0.2
Net Tangible Assets	0.93	0.19	0.87	0.95	0.98	0.49	0.06	-0.1	0.32	0.47	0.57	0.83	0.48	0.88	0.89	-0.29	-0.54	0.25	-0.33		-0.89	-0.76	0.9	0.25	0.43	0.97
Other Stockholder Equity	-0.9	-0.32	-0.86	-0.91	-0.92	-0.54	0.06	0.06	-0.01	-0.34	-0.6	-0.8	-0.6	-0.86	-0.96	0.41	0.49	0.04	0.44	-0.89		0.9	-0.78	-0.09	-0.19	-0.86
Deferred Long Term Liab	-0.76	-0.21	-0.7	-0.82	-0.77	-0.66	0.32	-0.02	0.33	-0.35	-0.72	-0.59	-0.72	-0.81	-0.93	0.63	0.41	0.15	0.56	-0.76	0.9		-0.66	0.14	0.16	-0.68
Long Term Investments	0.88	0.29	0.81	0.88	0.9	0.28	0.31	0.2	0.32	0.4	0.47	0.8	0.28	0.86	0.8	-0.13	-0.61	0.16	-0.25	0.9	-0.78	-0.66		0.5	0.53	0.94
Short Long Term Debt	0.37	-0.1	0.39	0.26	0.27	-0.13	0.78	0.2	0.52	0.11	0.06	0.52	-0.16	0.21	0.09	0.68	-0.31	-0.15	-0.01	0.25	-0.09	0.14	0.5		0.76	0.36
Total Current Assets	0.49	-0.02	0.5	0.38	0.42	-0.09	0.73	-0.09	0.89	0.14	0.02	0.62	-0.25	0.31	0.16	0.5	-0.33	0.42	0.02	0.43	-0.19	0.16	0.53	0.76		0.49
Short Term Debt	0.9	0.32	0.84	0.9	0.97	0.34	0.16	0.05	0.38	0.43	0.44	0.83	0.35	0.85	0.84	-0.17	-0.56	0.22	-0.2	0.97	-0.86	-0.68	0.94	0.36	0.49

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Tibet Summit Account Relationship Matchups

Tibet Summit fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	4.2B	3.8B	4.0B	5.3B	5.5B	5.8B
Other Current Liab	278.6M	820.6M	615.1M	10.8M	11.2M	10.6M
Total Current Liabilities	1.4B	1.6B	1.2B	1.8B	2.2B	2.4B
Total Stockholder Equity	2.8B	2.1B	2.8B	3.5B	3.2B	3.3B
Retained Earnings	2.5B	2.3B	3.0B	3.0B	2.8B	1.9B
Accounts Payable	208.7M	133.4M	114.2M	447.7M	660.7M	693.7M
Cash	205.6M	293.9M	104.4M	58.6M	21.6M	20.5M
Other Assets	37.6M	17.9M	119.9M	22.8M	26.2M	46.6M
Net Receivables	1.5B	64.2M	55.0M	63.7M	34.5M	32.7M
Inventory	162.3M	113.7M	127.8M	208.4M	202.6M	132.3M
Other Current Assets	56.5M	29.0M	42.7M	179.7M	356.1M	373.9M
Total Liab	1.5B	1.7B	1.2B	1.9B	2.3B	2.4B
Intangible Assets	1.5M	1.1M	99.2M	279.3M	151.2M	158.7M
Property Plant Equipment	1.6B	2.0B	3.0B	3.3B	3.8B	4.0B
Net Tangible Assets	2.2B	2.7B	2.1B	2.7B	3.1B	2.1B
Other Stockholder Equity	(699.1M)	(705.6M)	(1.1B)	(1.1B)	(1.0B)	(1.1B)
Deferred Long Term Liab	8.9M	6.4M	3.5M	2.4M	2.2M	2.1M
Total Current Assets	2.1B	632.0M	513.5M	641.0M	708.4M	956.6M
Non Current Assets Total	2.0B	3.1B	3.5B	4.7B	4.8B	3.1B
Non Currrent Assets Other	4.1M	1.4B	1.3B	1.4B	1.4B	773.7M
Non Current Liabilities Total	0.0	110.1M	16.0M	64.1M	23.6M	22.5M
Net Invested Capital	2.7B	2.3B	3.0B	3.7B	3.5B	3.5B
Net Working Capital	706.3M	(994.3M)	(703.9M)	(1.2B)	(1.5B)	(1.5B)

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Other Information on Investing in Tibet Stock

Balance Sheet is a snapshot of the financial position of Tibet Summit Resources at a specified time, usually calculated after every quarter, six months, or one year. Tibet Summit Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Tibet Summit 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 Tibet currently owns. An asset can also be divided into two categories, current and non-current.

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Tibet Cash vs Total Current Liabilities Analysis

Cash vs Total Current Liabilities

Cash vs Total Current Liabilities Correlation Analysis

Correlation Coefficient

Cash

Total Current Liabilities

Tibet Summit fundamental ratios Correlations

Tibet Summit Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Tibet Summit fundamental ratios Accounts

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Other Information on Investing in Tibet Stock

COMMON DESTINATIONS

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COMPANY

Total Stockholder Equity	+ 0.98	Total Assets
Total Liab	+ 0.98	Total Current Liabilities
Net Tangible Assets	+ 0.98	Retained Earnings
Total Current Liabilities	+ 0.97	Total Assets
Short Term Debt	+ 0.97	Retained Earnings
Short Term Debt	+ 0.97	Net Tangible Assets

Other Stockholder Equity	- 0.96	Property Plant Equipment
Deferred Long Term Liab	- 0.93	Property Plant Equipment
Other Stockholder Equity	- 0.92	Retained Earnings
Other Stockholder Equity	- 0.91	Total Stockholder Equity
Other Stockholder Equity	- 0.9	Total Assets
Other Stockholder Equity	- 0.89	Net Tangible Assets