Garware Total Liab vs Total Stockholder Equity Analysis

GRWRHITECH   4,763  20.85  0.44%   
Garware Hi financial indicator trend analysis is much more than just examining Garware Hi Tech latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Garware Hi Tech is a good investment. Please check the relationship between Garware Hi Total Liab and its Total Stockholder Equity accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Garware Hi Tech Films. 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.

Total Liab vs Total Stockholder Equity

Total Liab vs Total Stockholder Equity Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Garware Hi Tech Total Liab account and Total Stockholder Equity. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Garware Hi's Total Liab and Total Stockholder Equity is -0.69. Overlapping area represents the amount of variation of Total Liab that can explain the historical movement of Total Stockholder Equity in the same time period over historical financial statements of Garware Hi Tech Films, assuming nothing else is changed. The correlation between historical values of Garware Hi's Total Liab and Total Stockholder Equity is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Liab of Garware Hi Tech Films are associated (or correlated) with its Total Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Stockholder Equity has no effect on the direction of Total Liab i.e., Garware Hi's Total Liab and Total Stockholder Equity go up and down completely randomly.

Correlation Coefficient

-0.69
Relationship DirectionNegative 
Relationship StrengthWeak

Total Liab

The total amount of all liabilities that a company has, including both short-term and long-term liabilities.

Total Stockholder Equity

The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.
Most indicators from Garware Hi's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Garware Hi Tech 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Garware Hi Tech Films. 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.
Selling General Administrative is likely to drop to about 786.2 M in 2024. Tax Provision is likely to drop to about 615.5 M in 2024
 2021 2022 2023 2024 (projected)
Interest Expense133.8M169.9M117.8M184.0M
Depreciation And Amortization281.9M324.1M390.2M217.4M

Garware Hi fundamental ratios Correlations

-0.56-0.3-0.260.880.97-0.550.20.970.190.78-0.840.46-0.250.530.80.23-0.570.67-0.47-0.480.30.910.75-0.770.85
-0.56-0.260.15-0.74-0.550.98-0.2-0.570.13-0.620.78-0.680.64-0.54-0.32-0.570.89-0.54-0.030.190.01-0.55-0.660.69-0.48
-0.3-0.260.07-0.27-0.38-0.250.08-0.37-0.03-0.090.040.0-0.030.03-0.190.330.04-0.070.560.73-0.36-0.09-0.180.22-0.02
-0.260.150.07-0.28-0.370.010.65-0.350.09-0.060.160.11-0.590.15-0.53-0.230.32-0.030.33-0.37-0.09-0.21-0.260.69-0.17
0.88-0.74-0.27-0.280.87-0.740.150.870.00.89-0.810.64-0.370.710.720.49-0.690.82-0.39-0.490.130.830.92-0.870.79
0.97-0.55-0.38-0.370.87-0.510.041.00.210.67-0.850.35-0.220.380.750.14-0.640.55-0.52-0.50.420.80.69-0.830.74
-0.550.98-0.250.01-0.74-0.51-0.37-0.530.13-0.670.76-0.750.71-0.63-0.3-0.590.83-0.61-0.10.260.08-0.57-0.690.62-0.5
0.2-0.20.080.650.150.04-0.370.060.080.37-0.210.48-0.560.460.020.10.00.390.4-0.39-0.230.330.220.190.25
0.97-0.57-0.37-0.350.871.0-0.530.060.210.67-0.860.36-0.250.390.740.14-0.660.54-0.51-0.510.420.80.69-0.830.73
0.190.13-0.030.090.00.210.130.080.21-0.04-0.17-0.360.04-0.14-0.02-0.250.12-0.10.08-0.120.30.02-0.150.010.12
0.78-0.62-0.09-0.060.890.67-0.670.370.67-0.04-0.660.69-0.330.880.680.55-0.420.97-0.22-0.37-0.10.890.91-0.630.9
-0.840.780.040.16-0.81-0.850.76-0.21-0.86-0.17-0.66-0.430.5-0.45-0.59-0.230.75-0.520.30.43-0.42-0.71-0.590.74-0.67
0.46-0.680.00.110.640.35-0.750.480.36-0.360.69-0.43-0.560.830.350.76-0.510.75-0.03-0.36-0.380.620.75-0.440.49
-0.250.64-0.03-0.59-0.37-0.220.71-0.56-0.250.04-0.330.5-0.56-0.370.24-0.130.57-0.26-0.220.61-0.06-0.18-0.250.08-0.14
0.53-0.540.030.150.710.38-0.630.460.39-0.140.88-0.450.83-0.370.520.73-0.230.95-0.12-0.28-0.320.720.83-0.40.69
0.8-0.32-0.19-0.530.720.75-0.30.020.74-0.020.68-0.590.350.240.520.38-0.260.67-0.54-0.080.130.830.72-0.730.76
0.23-0.570.33-0.230.490.14-0.590.10.14-0.250.55-0.230.76-0.130.730.38-0.350.650.110.15-0.550.450.64-0.470.42
-0.570.890.040.32-0.69-0.640.830.0-0.660.12-0.420.75-0.510.57-0.23-0.26-0.35-0.290.080.34-0.19-0.42-0.520.77-0.33
0.67-0.54-0.07-0.030.820.55-0.610.390.54-0.10.97-0.520.75-0.260.950.670.65-0.29-0.21-0.3-0.240.840.91-0.550.84
-0.47-0.030.560.33-0.39-0.52-0.10.4-0.510.08-0.220.3-0.03-0.22-0.12-0.540.110.08-0.210.26-0.48-0.36-0.320.39-0.3
-0.480.190.73-0.37-0.49-0.50.26-0.39-0.51-0.12-0.370.43-0.360.61-0.28-0.080.150.34-0.30.26-0.33-0.28-0.330.22-0.24
0.30.01-0.36-0.090.130.420.08-0.230.420.3-0.1-0.42-0.38-0.06-0.320.13-0.55-0.19-0.24-0.48-0.330.01-0.21-0.180.02
0.91-0.55-0.09-0.210.830.8-0.570.330.80.020.89-0.710.62-0.180.720.830.45-0.420.84-0.36-0.280.010.81-0.660.95
0.75-0.66-0.18-0.260.920.69-0.690.220.69-0.150.91-0.590.75-0.250.830.720.64-0.520.91-0.32-0.33-0.210.81-0.760.74
-0.770.690.220.69-0.87-0.830.620.19-0.830.01-0.630.74-0.440.08-0.4-0.73-0.470.77-0.550.390.22-0.18-0.66-0.76-0.59
0.85-0.48-0.02-0.170.790.74-0.50.250.730.120.9-0.670.49-0.140.690.760.42-0.330.84-0.3-0.240.020.950.74-0.59
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Garware Hi Account Relationship Matchups

Garware Hi fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets16.8B18.7B21.3B22.1B23.2B14.0B
Short Long Term Debt Total1.6B1.5B2.0B1.6B199.2M189.2M
Other Current Liab27.5M324.7M376.7M586.1M542.6M412.4M
Total Current Liabilities1.4B1.8B2.6B2.4B2.2B2.2B
Total Stockholder Equity14.0B15.6B17.1B18.6B20.4B21.5B
Property Plant And Equipment Net13.1B13.6B14.6B14.8B14.6B9.4B
Net Debt1.4B902.0M1.0B972M(883.9M)(839.7M)
Cash248.4M625.3M993.1M599.9M1.1B601.6M
Non Current Assets Total13.7B14.3B15.4B15.6B15.5B10.2B
Non Currrent Assets Other1.0B232.2M2.1B854.7M17.6M16.8M
Cash And Short Term Investments1.1B2.2B3.0B3.9B3.8B4.0B
Net Receivables543.0M420.2M332.6M299.5M380.7M629.2M
Liabilities And Stockholders Equity16.8B18.7B21.3B22.1B23.2B14.0B
Non Current Liabilities Total1.3B1.2B1.6B1.2B570.0M541.5M
Inventory1.0B1.2B2.1B2.0B2.9B3.0B
Other Current Assets199.4M479.5M549.6M461.5M624.0M318.5M
Total Liab2.8B3.0B4.2B3.6B2.8B3.0B
Total Current Assets3.0B4.4B6.0B6.5B7.7B8.1B
Intangible Assets22.5M22.1M17.6M13.2M10.2M9.7M
Current Deferred Revenue405.6M503.5M406.4M316.7M14.8M14.1M
Retained Earnings4.6B5.8B7.2B8.7B10.4B5.4B
Accounts Payable660.5M864.9M1.1B1.0B1.6B1.7B
Accumulated Other Comprehensive Income9.2B9.5B9.6B9.6B20.2B21.2B
Short Term Debt315.8M409.2M716.8M724.4M61.8M58.7M
Short Term Investments877.1M1.6B2.0B3.3B2.8B1.5B
Long Term Debt1.2B966.1M1.2B753.6M678.2M823.4M
Capital Lease Obligations199.5M208.0M194.2M164M199.1M185.1M
Net Invested Capital15.5B17.0B18.9B20.0B20.4B19.6B
Short Long Term Debt269.2M353.1M654.3M654.3M752.4M508.2M
Net Working Capital1.6B2.5B3.4B4.1B5.5B3.4B

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