ITI Other Current Assets vs Other Stockholder Equity 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 Other Stockholder Equity 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 Other Stockholder Equity

Other Current Assets vs Other Stockholder Equity 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 Other Stockholder Equity. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between ITI's Other Current Assets and Other Stockholder Equity is -0.11. Overlapping area represents the amount of variation of Other Current Assets that can explain the historical movement of Other Stockholder Equity 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 Other 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 Other Current Assets of ITI Limited are associated (or correlated) with its Other Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Stockholder Equity has no effect on the direction of Other Current Assets i.e., ITI's Other Current Assets and Other Stockholder Equity go up and down completely randomly.

Correlation Coefficient

-0.11
Relationship DirectionNegative 
Relationship StrengthInsignificant

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.

Other Stockholder Equity

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

0.590.640.710.690.650.67-0.36-0.490.080.060.490.70.480.570.110.520.10.040.830.870.680.550.660.78-0.35
0.590.180.330.640.710.98-0.680.01-0.22-0.20.580.320.550.540.160.71-0.070.140.410.660.610.110.720.3-0.25
0.640.180.450.490.360.25-0.07-0.420.270.16-0.250.470.2-0.140.080.240.12-0.150.520.470.260.40.130.54-0.45
0.710.330.450.220.540.390.09-0.36-0.3-0.20.470.850.590.47-0.15-0.090.17-0.080.870.820.660.290.780.53-0.4
0.690.640.490.220.730.73-0.62-0.550.230.110.320.520.310.450.130.84-0.13-0.050.290.550.530.630.260.57-0.44
0.650.710.360.540.730.76-0.41-0.39-0.24-0.350.380.610.70.440.230.470.140.020.550.790.820.260.650.42-0.61
0.670.980.250.390.730.76-0.68-0.16-0.16-0.180.60.420.550.590.140.75-0.060.050.450.710.650.230.710.41-0.32
-0.36-0.68-0.070.09-0.62-0.41-0.680.1-0.22-0.16-0.48-0.08-0.43-0.53-0.52-0.85-0.08-0.03-0.16-0.28-0.15-0.05-0.21-0.40.03
-0.490.01-0.42-0.36-0.55-0.39-0.160.1-0.3-0.1-0.15-0.57-0.14-0.30.06-0.28-0.10.55-0.31-0.33-0.22-0.63-0.02-0.640.39
0.08-0.220.27-0.30.23-0.24-0.16-0.22-0.30.75-0.11-0.15-0.21-0.10.290.370.32-0.12-0.08-0.39-0.470.2-0.510.490.26
0.06-0.20.16-0.20.11-0.35-0.18-0.16-0.10.75-0.04-0.13-0.080.010.280.270.240.08-0.01-0.29-0.480.04-0.360.320.3
0.490.58-0.250.470.320.380.6-0.48-0.15-0.11-0.040.470.440.930.00.41-0.040.060.460.510.410.220.640.480.11
0.70.320.470.850.520.610.42-0.08-0.57-0.15-0.130.470.430.57-0.290.12-0.07-0.250.630.730.640.630.560.56-0.49
0.480.550.20.590.310.70.55-0.43-0.14-0.21-0.080.440.430.440.580.240.520.190.720.680.53-0.270.710.41-0.33
0.570.54-0.140.470.450.440.59-0.53-0.3-0.10.010.930.570.440.030.460.0-0.090.480.580.480.350.60.510.04
0.110.160.08-0.150.130.230.14-0.520.060.290.280.0-0.290.580.030.330.670.320.290.09-0.07-0.520.040.30.11
0.520.710.24-0.090.840.470.75-0.85-0.280.370.270.410.120.240.460.33-0.10.070.130.320.220.340.160.51-0.05
0.1-0.070.120.17-0.130.14-0.06-0.08-0.10.320.24-0.04-0.070.520.00.67-0.1-0.110.430.050.01-0.470.160.27-0.01
0.040.14-0.15-0.08-0.050.020.05-0.030.55-0.120.080.06-0.250.19-0.090.320.07-0.110.110.10.12-0.270.18-0.110.16
0.830.410.520.870.290.550.45-0.16-0.31-0.08-0.010.460.630.720.480.290.130.430.110.840.590.130.770.7-0.25
0.870.660.470.820.550.790.71-0.28-0.33-0.39-0.290.510.730.680.580.090.320.050.10.840.850.330.870.52-0.48
0.680.610.260.660.530.820.65-0.15-0.22-0.47-0.480.410.640.530.48-0.070.220.010.120.590.850.360.810.2-0.62
0.550.110.40.290.630.260.23-0.05-0.630.20.040.220.63-0.270.35-0.520.34-0.47-0.270.130.330.360.030.43-0.33
0.660.720.130.780.260.650.71-0.21-0.02-0.51-0.360.640.560.710.60.040.160.160.180.770.870.810.030.29-0.3
0.780.30.540.530.570.420.41-0.4-0.640.490.320.480.560.410.510.30.510.27-0.110.70.520.20.430.29-0.01
-0.35-0.25-0.45-0.4-0.44-0.61-0.320.030.390.260.30.11-0.49-0.330.040.11-0.05-0.010.16-0.25-0.48-0.62-0.33-0.3-0.01
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ITI Account Relationship Matchups

ITI fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets77.2B89.1B95.8B94.9B96.0B63.8B
Short Long Term Debt Total12.2B14.6B16.1B18.8B18.0B13.9B
Other Current Liab16.0B29.0B34.0B10.0B21.2B15.9B
Total Current Liabilities48.5B59.8B64.9B65.9B54.0B51.2B
Total Stockholder Equity23.7B24.6B26.2B23.7B17.8B18.9B
Property Plant And Equipment Net28.1B28.0B28.1B28.2B28.1B29.2B
Net Debt11.8B14.4B16.0B18.7B16.9B13.0B
Accounts Payable21.8B18.9B16.9B13.8B15.6B15.0B
Cash397.8M279.4M155.7M93.6M1.1B602.8M
Non Current Assets Total32.8B32.6B31.5B31.2B30.2B31.7B
Non Currrent Assets Other4.3B4.2B3.0B2.6B1.8B1.7B
Cash And Short Term Investments2.3B4.3B968.5M27.9B6.5B4.4B
Net Receivables40.2B49.0B59.2B58.9B24.4B38.6B
Common Stock Shares Outstanding897.6M926.3M933.5M944.5M959.6M993.7M
Short Term Investments1.9B4.1B812.8M27.9B5.5B3.1B
Liabilities And Stockholders Equity77.2B89.1B95.8B94.9B96.0B63.8B
Non Current Liabilities Total5.0B4.7B4.6B5.3B24.2B25.4B
Inventory1.7B1.9B1.9B2.5B2.2B1.5B
Other Current Assets254.2M1.3B2.2B1.8B30.8B32.3B
Other Stockholder Equity56.6B25.7B25.8B27.1B58.7B36.7B
Total Liab53.5B64.6B69.6B71.2B78.1B61.8B
Total Current Assets44.4B56.5B64.2B63.7B65.7B44.2B
Accumulated Other Comprehensive Income(1.2B)31.6B32.2B31.9B8.2B8.6B
Common Stock9.0B9.3B9.3B9.5B9.6B8.0B
Retained Earnings(43.4B)(41.8B)(42.1B)(41.0B)(50.4B)(52.9B)
Short Term Debt10.4B11.7B13.7B17.0B16.8B11.3B
Current Deferred Revenue16.1B18.7B20.1B24.8B19.7B17.1B
Other Liab3.2B1.7B1.6B3.5B3.1B2.3B
Net Tangible Assets23.2B24.6B26.2B23.7B27.3B17.5B
Other Assets4.3B4.2B5K2K(61.0K)(58.0K)
Short Long Term Debt10.4B11.6B13.1B17.0B16.8B12.9B
Property Plant Equipment28.1B28.0B28.1B28.2B32.5B29.5B
Capital Surpluse1.2B2.2B2.9B4.6B5.3B5.5B
Non Current Liabilities Other1.2B1.2B1K(100K)900.0855.0
Cash And Equivalents267.0M397.8M279.4M155.7M140.1M234.2M

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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.