Taitron Net Debt vs Common Stock Analysis

TAIT Stock

USD 2.57 0.07 2.65%

Taitron Components financial indicator trend analysis is much more than just breaking down Taitron Components prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Taitron Components is a good investment. Please check the relationship between Taitron Components Net Debt and its Common Stock accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Taitron Components Incorporated. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

Net Debt vs Common Stock

Net Debt vs Common Stock Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Taitron Components Net Debt account and Common Stock. At this time, the significance of the direction appears to have weak relationship.

The correlation between Taitron Components' Net Debt and Common Stock is 0.37. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Common Stock in the same time period over historical financial statements of Taitron Components Incorporated, assuming nothing else is changed. The correlation between historical values of Taitron Components' Net Debt and Common Stock is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Debt of Taitron Components Incorporated are associated (or correlated) with its Common Stock. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock has no effect on the direction of Net Debt i.e., Taitron Components' Net Debt and Common Stock go up and down completely randomly.

Correlation Coefficient

0.37

Relationship Direction	Positive
Relationship Strength	Very Weak

View All Relationships

Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.

Common Stock

Most indicators from Taitron Components' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Taitron Components 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Taitron Components Incorporated. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

At this time, Taitron Components' Selling General Administrative is comparatively stable compared to the past year. Tax Provision is likely to gain to about 494.6 K in 2024, whereas Enterprise Value is likely to drop slightly above 14.1 M in 2024.

	2021	2022	2023	2024 (projected)
Interest Expense	306K	409K	368.1K	184.2K
Depreciation And Amortization	180K	135K	167K	202.0K

Interest Expense Depreciation And Amortization

Taitron Components fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Non Currrent Assets Other	Property Plant And Equipment Gross	Other Assets	Long Term Debt	Common Stock Total Equity
Total Assets		-0.18	0.35	-0.36	0.88	0.7	-0.1	0.95	-0.46	0.07	0.85	0.2	-0.63	0.13	0.29	0.5	0.53	0.52	-0.27	0.94	-0.15	-0.1	0.54	-0.13	0.3	-0.2
Short Long Term Debt Total	-0.18		-0.08	0.79	-0.51	-0.24	0.95	-0.01	0.66	-0.88	-0.29	-0.76	0.65	-0.7	0.55	0.54	-0.22	-0.89	0.94	-0.11	0.83	-0.25	-0.55	0.41	0.37	0.52
Other Current Liab	0.35	-0.08		0.2	0.33	0.02	-0.08	0.36	-0.06	0.06	0.26	0.16	-0.03	0.19	0.22	0.1	0.34	0.13	-0.02	0.33	0.16	0.01	0.42	-0.23	-0.5	-0.26
Total Current Liabilities	-0.36	0.79	0.2		-0.67	-0.58	0.67	-0.21	0.87	-0.57	-0.62	-0.44	0.81	-0.63	0.45	0.16	0.0	-0.89	0.92	-0.17	0.83	-0.13	-0.31	0.33	-0.16	0.17
Total Stockholder Equity	0.88	-0.51	0.33	-0.67		0.69	-0.39	0.79	-0.69	0.31	0.89	0.32	-0.77	0.56	0.06	0.33	0.37	0.79	-0.62	0.72	-0.46	-0.07	0.62	-0.25	0.21	-0.23
Property Plant And Equipment Net	0.7	-0.24	0.02	-0.58	0.69		-0.05	0.54	-0.52	-0.03	0.8	-0.08	-0.66	0.1	0.17	0.51	0.13	0.61	-0.41	0.56	-0.39	-0.13	0.03	-0.13	0.48	0.3
Net Debt	-0.1	0.95	-0.08	0.67	-0.39	-0.05		0.04	0.59	-0.98	-0.14	-0.88	0.6	-0.63	0.59	0.68	-0.28	-0.79	0.86	-0.1	0.79	-0.19	-0.56	0.3	0.47	0.68
Retained Earnings	0.95	-0.01	0.36	-0.21	0.79	0.54	0.04		-0.41	-0.04	0.76	0.14	-0.45	0.01	0.26	0.51	0.44	0.32	-0.14	0.92	0.07	-0.09	0.47	-0.13	0.25	-0.22
Accounts Payable	-0.46	0.66	-0.06	0.87	-0.69	-0.52	0.59	-0.41		-0.54	-0.72	-0.51	0.77	-0.46	0.54	0.19	0.0	-0.78	0.86	-0.28	0.64	-0.23	-0.35	0.35	0.02	0.32
Cash	0.07	-0.88	0.06	-0.57	0.31	-0.03	-0.98	-0.04	-0.54		0.05	0.93	-0.57	0.5	-0.6	-0.73	0.33	0.69	-0.77	0.12	-0.73	0.16	0.53	-0.22	-0.51	-0.76
Non Current Assets Total	0.85	-0.29	0.26	-0.62	0.89	0.8	-0.14	0.76	-0.72	0.05		0.12	-0.75	0.31	0.05	0.42	0.23	0.65	-0.49	0.63	-0.39	0.07	0.44	-0.23	0.37	-0.01
Cash And Short Term Investments	0.2	-0.76	0.16	-0.44	0.32	-0.08	-0.88	0.14	-0.51	0.93	0.12		-0.55	0.32	-0.57	-0.73	0.51	0.59	-0.65	0.29	-0.58	0.32	0.68	-0.27	-0.53	-0.9
Net Receivables	-0.63	0.65	-0.03	0.81	-0.77	-0.66	0.6	-0.45	0.77	-0.57	-0.75	-0.55		-0.45	0.24	0.06	-0.44	-0.87	0.73	-0.49	0.79	-0.05	-0.52	0.13	-0.22	0.35
Common Stock Shares Outstanding	0.13	-0.7	0.19	-0.63	0.56	0.1	-0.63	0.01	-0.46	0.5	0.31	0.32	-0.45		-0.18	-0.13	0.03	0.69	-0.68	-0.07	-0.63	-0.02	0.53	-0.24	-0.1	-0.21
Non Current Liabilities Total	0.29	0.55	0.22	0.45	0.06	0.17	0.59	0.26	0.54	-0.6	0.05	-0.57	0.24	-0.18		0.76	0.27	-0.3	0.6	0.31	0.41	-0.46	-0.05	0.1	0.49	0.43
Inventory	0.5	0.54	0.1	0.16	0.33	0.51	0.68	0.51	0.19	-0.73	0.42	-0.73	0.06	-0.13	0.76		-0.04	-0.16	0.4	0.4	0.4	-0.44	-0.21	0.2	0.68	0.63
Other Current Assets	0.53	-0.22	0.34	0.0	0.37	0.13	-0.28	0.44	0.0	0.33	0.23	0.51	-0.44	0.03	0.27	-0.04		0.29	-0.05	0.64	-0.14	0.01	0.69	-0.19	-0.01	-0.56
Other Stockholder Equity	0.52	-0.89	0.13	-0.89	0.79	0.61	-0.79	0.32	-0.78	0.69	0.65	0.59	-0.87	0.69	-0.3	-0.16	0.29		-0.92	0.38	-0.86	0.11	0.56	-0.33	-0.03	-0.33
Total Liab	-0.27	0.94	-0.02	0.92	-0.62	-0.41	0.86	-0.14	0.86	-0.77	-0.49	-0.65	0.73	-0.68	0.6	0.4	-0.05	-0.92		-0.14	0.84	-0.22	-0.43	0.4	0.22	0.38
Total Current Assets	0.94	-0.11	0.33	-0.17	0.72	0.56	-0.1	0.92	-0.28	0.12	0.63	0.29	-0.49	-0.07	0.31	0.4	0.64	0.38	-0.14		-0.02	-0.12	0.5	-0.07	0.17	-0.32
Short Term Debt	-0.15	0.83	0.16	0.83	-0.46	-0.39	0.79	0.07	0.64	-0.73	-0.39	-0.58	0.79	-0.63	0.41	0.4	-0.14	-0.86	0.84	-0.02		-0.13	-0.42	0.21	-0.01	0.28
Non Currrent Assets Other	-0.1	-0.25	0.01	-0.13	-0.07	-0.13	-0.19	-0.09	-0.23	0.16	0.07	0.32	-0.05	-0.02	-0.46	-0.44	0.01	0.11	-0.22	-0.12	-0.13		0.27	-0.21	-0.28	-0.34
Property Plant And Equipment Gross	0.54	-0.55	0.42	-0.31	0.62	0.03	-0.56	0.47	-0.35	0.53	0.44	0.68	-0.52	0.53	-0.05	-0.21	0.69	0.56	-0.43	0.5	-0.42	0.27		-0.34	-0.2	-0.7
Other Assets	-0.13	0.41	-0.23	0.33	-0.25	-0.13	0.3	-0.13	0.35	-0.22	-0.23	-0.27	0.13	-0.24	0.1	0.2	-0.19	-0.33	0.4	-0.07	0.21	-0.21	-0.34		0.18	0.21
Long Term Debt	0.3	0.37	-0.5	-0.16	0.21	0.48	0.47	0.25	0.02	-0.51	0.37	-0.53	-0.22	-0.1	0.49	0.68	-0.01	-0.03	0.22	0.17	-0.01	-0.28	-0.2	0.18		0.52
Common Stock Total Equity	-0.2	0.52	-0.26	0.17	-0.23	0.3	0.68	-0.22	0.32	-0.76	-0.01	-0.9	0.35	-0.21	0.43	0.63	-0.56	-0.33	0.38	-0.32	0.28	-0.34	-0.7	0.21	0.52

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Taitron Components Account Relationship Matchups

Taitron Components fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	13.6M	14.3M	17.1M	17.1M	18.0M	19.9M
Other Current Liab	322K	446K	924K	790K	969K	485.7K
Total Stockholder Equity	12.7M	13.2M	14.4M	16.1M	16.8M	14.8M
Property Plant And Equipment Net	3.4M	3.2M	3.1M	2.9M	3.0M	4.5M
Net Debt	(5.3M)	(6.5M)	(6.0M)	(5.2M)	(6.2M)	(5.9M)
Retained Earnings	1.7M	2.2M	3.3M	4.8M	5.4M	6.3M
Accounts Payable	462K	410K	1.8M	211K	194K	184.3K
Cash	5.3M	6.7M	6.0M	5.2M	6.2M	6.5M
Non Current Assets Total	3.6M	3.4M	3.2M	5.2M	5.2M	5.1M
Cash And Short Term Investments	5.3M	6.7M	7.5M	7.3M	9.8M	10.3M
Net Receivables	1.0M	639K	900K	683K	92K	87.4K
Common Stock Shares Outstanding	5.8M	5.9M	5.9M	6.0M	6.0M	4.7M
Liabilities And Stockholders Equity	13.6M	14.3M	17.1M	17.1M	18.0M	19.9M
Non Current Liabilities Total	462K	163K	1.8M	211K	137K	130.2K
Inventory	3.6M	3.5M	5.3M	3.9M	2.6M	2.5M
Other Current Assets	85K	92K	346K	148K	283K	286.9K
Other Stockholder Equity	11.0M	11.1M	11.2M	11.4M	11.5M	11.8M
Total Liab	784K	1.0M	2.7M	1.0M	1.2M	1.1M
Total Current Assets	10.0M	10.9M	13.9M	12.0M	12.8M	16.1M
Property Plant And Equipment Gross	3.4M	3.2M	7.5M	7.5M	7.8M	5.4M
Accumulated Other Comprehensive Income	38K	(66K)	(73K)	(58K)	(61K)	(64.1K)
Property Plant Equipment	3.7M	3.4M	3.2M	3.1M	2.7M	3.8M
Net Tangible Assets	12.6M	12.7M	13.2M	14.4M	12.9M	11.6M
Retained Earnings Total Equity	867K	1.7M	1.7M	2.2M	2.0M	2.9M
Capital Surpluse	10.7M	10.8M	11.0M	11.1M	12.7M	11.8M
Long Term Investments	403K	212K	205K	186K	167.4K	159.0K
Net Invested Capital	12.7M	13.4M	14.4M	16.1M	16.8M	15.5M
Net Working Capital	9.2M	10.0M	11.1M	11.0M	11.6M	11.0M

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