ITI Other Current Assets vs Non Currrent Assets Other Analysis
ITI Stock | 286.63 9.04 3.06% |
ITI financial indicator trend analysis is infinitely more than just investigating ITI Limited recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether ITI Limited is a good investment. Please check the relationship between ITI Other Current Assets and its Non Currrent Assets Other accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in ITI Limited. 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.
Other Current Assets vs Non Currrent Assets Other
Other Current Assets vs Non Currrent Assets Other Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of ITI Limited Other Current Assets account and Non Currrent Assets Other. At this time, the significance of the direction appears to have very week relationship.
The correlation between ITI's Other Current Assets and Non Currrent Assets Other is 0.24. Overlapping area represents the amount of variation of Other Current Assets that can explain the historical movement of Non Currrent Assets Other in the same time period over historical financial statements of ITI Limited, assuming nothing else is changed. The correlation between historical values of ITI's Other Current Assets and Non Currrent Assets Other is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Current Assets of ITI Limited are associated (or correlated) with its Non Currrent Assets Other. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Currrent Assets Other has no effect on the direction of Other Current Assets i.e., ITI's Other Current Assets and Non Currrent Assets Other go up and down completely randomly.
Correlation Coefficient | 0.24 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
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.Non Currrent Assets Other
Assets that are not physical or tangible, expected to provide value for more than one year, and not easily converted into cash, such as long-term investments or patents.Most indicators from ITI's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into ITI Limited 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 ITI Limited. 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 Issuance Of Capital Stock is expected to grow to about 925.5 M, whereas Selling General Administrative is forecasted to decline to about 384.6 M.
ITI fundamental ratios Correlations
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ITI Account Relationship Matchups
High Positive Relationship
High Negative Relationship
ITI fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 77.2B | 89.1B | 95.8B | 94.9B | 96.0B | 63.8B | |
Short Long Term Debt Total | 12.2B | 14.6B | 16.1B | 18.8B | 18.0B | 13.9B | |
Other Current Liab | 16.0B | 29.0B | 34.0B | 10.0B | 21.2B | 15.9B | |
Total Current Liabilities | 48.5B | 59.8B | 64.9B | 65.9B | 54.0B | 51.2B | |
Total Stockholder Equity | 23.7B | 24.6B | 26.2B | 23.7B | 17.8B | 18.9B | |
Property Plant And Equipment Net | 28.1B | 28.0B | 28.1B | 28.2B | 28.1B | 29.2B | |
Net Debt | 11.8B | 14.4B | 16.0B | 18.7B | 16.9B | 13.0B | |
Accounts Payable | 21.8B | 18.9B | 16.9B | 13.8B | 15.6B | 15.0B | |
Cash | 397.8M | 279.4M | 155.7M | 93.6M | 1.1B | 602.8M | |
Non Current Assets Total | 32.8B | 32.6B | 31.5B | 31.2B | 30.2B | 31.7B | |
Non Currrent Assets Other | 4.3B | 4.2B | 3.0B | 2.6B | 1.8B | 1.7B | |
Cash And Short Term Investments | 2.3B | 4.3B | 968.5M | 27.9B | 6.5B | 4.4B | |
Net Receivables | 40.2B | 49.0B | 59.2B | 58.9B | 24.4B | 38.6B | |
Common Stock Shares Outstanding | 897.6M | 926.3M | 933.5M | 944.5M | 959.6M | 993.7M | |
Short Term Investments | 1.9B | 4.1B | 812.8M | 27.9B | 5.5B | 3.1B | |
Liabilities And Stockholders Equity | 77.2B | 89.1B | 95.8B | 94.9B | 96.0B | 63.8B | |
Non Current Liabilities Total | 5.0B | 4.7B | 4.6B | 5.3B | 24.2B | 25.4B | |
Inventory | 1.7B | 1.9B | 1.9B | 2.5B | 2.2B | 1.5B | |
Other Current Assets | 254.2M | 1.3B | 2.2B | 1.8B | 30.8B | 32.3B | |
Other Stockholder Equity | 56.6B | 25.7B | 25.8B | 27.1B | 58.7B | 36.7B | |
Total Liab | 53.5B | 64.6B | 69.6B | 71.2B | 78.1B | 61.8B | |
Total Current Assets | 44.4B | 56.5B | 64.2B | 63.7B | 65.7B | 44.2B | |
Accumulated Other Comprehensive Income | (1.2B) | 31.6B | 32.2B | 31.9B | 8.2B | 8.6B | |
Common Stock | 9.0B | 9.3B | 9.3B | 9.5B | 9.6B | 8.0B | |
Retained Earnings | (43.4B) | (41.8B) | (42.1B) | (41.0B) | (50.4B) | (52.9B) | |
Short Term Debt | 10.4B | 11.7B | 13.7B | 17.0B | 16.8B | 11.3B | |
Current Deferred Revenue | 16.1B | 18.7B | 20.1B | 24.8B | 19.7B | 17.1B | |
Other Liab | 3.2B | 1.7B | 1.6B | 3.5B | 3.1B | 2.3B | |
Net Tangible Assets | 23.2B | 24.6B | 26.2B | 23.7B | 27.3B | 17.5B | |
Other Assets | 4.3B | 4.2B | 5K | 2K | (61.0K) | (58.0K) | |
Short Long Term Debt | 10.4B | 11.6B | 13.1B | 17.0B | 16.8B | 12.9B | |
Property Plant Equipment | 28.1B | 28.0B | 28.1B | 28.2B | 32.5B | 29.5B | |
Capital Surpluse | 1.2B | 2.2B | 2.9B | 4.6B | 5.3B | 5.5B | |
Non Current Liabilities Other | 1.2B | 1.2B | 1K | (100K) | 900.0 | 855.0 | |
Cash And Equivalents | 267.0M | 397.8M | 279.4M | 155.7M | 140.1M | 234.2M |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in ITI Stock
Balance Sheet is a snapshot of the financial position of ITI Limited at a specified time, usually calculated after every quarter, six months, or one year. ITI Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of ITI 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 ITI currently owns. An asset can also be divided into two categories, current and non-current.