Taoping Common Stock Total Equity vs Net Debt Analysis

TAOP Stock

USD 0.35 0.01 2.78%

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

To learn how to invest in Taoping Stock, please use our How to Invest in Taoping guide.

Common Stock Total Equity vs Net Debt

Common Stock Total Equity vs Net Debt Correlation Analysis

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

The correlation between Taoping's Common Stock Total Equity and Net Debt is -0.56. Overlapping area represents the amount of variation of Common Stock Total Equity that can explain the historical movement of Net Debt in the same time period over historical financial statements of Taoping, assuming nothing else is changed. The correlation between historical values of Taoping's Common Stock Total Equity and Net Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Common Stock Total Equity of Taoping are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Common Stock Total Equity i.e., Taoping's Common Stock Total Equity and Net Debt go up and down completely randomly.

Correlation Coefficient

-0.56

Relationship Direction	Negative
Relationship Strength	Very Weak

View All Relationships

Common Stock Total Equity

The total value of common stock equity held by shareholders, representing their ownership interest in the company.

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.

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

To learn how to invest in Taoping Stock, please use our How to Invest in Taoping guide.At this time, Taoping's Tax Provision is relatively stable compared to the past year. As of 11/22/2024, Discontinued Operations is likely to grow to about 1.8 M, while Selling General Administrative is likely to drop slightly above 5.3 M.

	2021	2022	2023	2024 (projected)
Interest Expense	928.4K	556.4K	580.6K	551.6K
Depreciation And Amortization	2.2M	3.5M	3.0M	3.8M

Interest Expense Depreciation And Amortization

Taoping 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	Common Stock Total Equity	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Common Stock	Net Receivables	Other Current Assets	Property Plant Equipment	Non Currrent Assets Other	Other Assets
Total Assets		0.82	0.88	0.87	0.92	0.94	0.77	0.76	0.77	0.94	1.0	0.94	-0.58	0.29	-0.2	0.62	0.88	0.86	0.98	0.83	-0.58	0.93	0.23	0.89	0.81	0.76
Short Long Term Debt Total	0.82		0.99	0.99	0.55	0.64	0.99	0.45	0.77	0.91	0.83	0.91	-0.58	0.32	-0.25	0.66	0.98	0.51	0.81	1.0	-0.57	0.61	0.0	0.55	0.86	0.84
Other Current Liab	0.88	0.99		0.99	0.63	0.71	0.98	0.53	0.78	0.94	0.88	0.94	-0.6	0.33	-0.27	0.66	0.99	0.58	0.86	0.99	-0.59	0.69	0.06	0.63	0.88	0.86
Total Current Liabilities	0.87	0.99	0.99		0.61	0.7	0.98	0.49	0.83	0.93	0.87	0.93	-0.57	0.32	-0.19	0.65	0.99	0.57	0.85	0.99	-0.56	0.68	0.03	0.61	0.87	0.85
Total Stockholder Equity	0.92	0.55	0.63	0.61		0.95	0.47	0.82	0.55	0.77	0.9	0.77	-0.45	0.19	-0.2	0.45	0.62	0.94	0.92	0.55	-0.44	0.96	0.39	0.97	0.59	0.54
Property Plant And Equipment Net	0.94	0.64	0.71	0.7	0.95		0.58	0.76	0.68	0.83	0.93	0.83	-0.45	0.2	-0.13	0.46	0.72	0.95	0.93	0.64	-0.44	0.96	0.4	0.96	0.6	0.52
Net Debt	0.77	0.99	0.98	0.98	0.47	0.58		0.39	0.75	0.86	0.78	0.86	-0.56	0.29	-0.23	0.63	0.97	0.43	0.76	0.99	-0.55	0.55	-0.04	0.48	0.83	0.82
Retained Earnings	0.76	0.45	0.53	0.49	0.82	0.76	0.39		0.42	0.62	0.76	0.62	-0.69	0.08	-0.2	0.35	0.5	0.68	0.73	0.45	-0.69	0.79	0.09	0.7	0.63	0.56
Accounts Payable	0.77	0.77	0.78	0.83	0.55	0.68	0.75	0.42		0.8	0.79	0.8	-0.44	0.29	0.28	0.51	0.85	0.53	0.71	0.77	-0.47	0.66	-0.04	0.52	0.77	0.73
Cash	0.94	0.91	0.94	0.93	0.77	0.83	0.86	0.62	0.8		0.95	1.0	-0.65	0.4	-0.3	0.73	0.94	0.73	0.9	0.91	-0.64	0.77	0.12	0.74	0.87	0.83
Non Current Assets Total	1.0	0.83	0.88	0.87	0.9	0.93	0.78	0.76	0.79	0.95		0.95	-0.61	0.28	-0.18	0.64	0.89	0.85	0.97	0.83	-0.61	0.9	0.19	0.87	0.82	0.78
Cash And Short Term Investments	0.94	0.91	0.94	0.93	0.77	0.83	0.86	0.62	0.8	1.0	0.95		-0.65	0.4	-0.3	0.73	0.94	0.73	0.9	0.91	-0.64	0.77	0.12	0.74	0.87	0.83
Common Stock Total Equity	-0.58	-0.58	-0.6	-0.57	-0.45	-0.45	-0.56	-0.69	-0.44	-0.65	-0.61	-0.65		-0.37	0.36	-0.8	-0.6	-0.28	-0.51	-0.59	0.99	-0.43	0.26	-0.3	-0.71	-0.74
Common Stock Shares Outstanding	0.29	0.32	0.33	0.32	0.19	0.2	0.29	0.08	0.29	0.4	0.28	0.4	-0.37		-0.36	0.59	0.32	0.09	0.3	0.32	-0.41	0.22	-0.15	0.12	0.22	0.26
Non Current Liabilities Total	-0.2	-0.25	-0.27	-0.19	-0.2	-0.13	-0.23	-0.2	0.28	-0.3	-0.18	-0.3	0.36	-0.36		-0.35	-0.17	-0.18	-0.23	-0.25	0.29	-0.11	-0.28	-0.19	-0.13	-0.15
Other Stockholder Equity	0.62	0.66	0.66	0.65	0.45	0.46	0.63	0.35	0.51	0.73	0.64	0.73	-0.8	0.59	-0.35		0.67	0.33	0.57	0.67	-0.79	0.41	-0.16	0.36	0.64	0.73
Total Liab	0.88	0.98	0.99	0.99	0.62	0.72	0.97	0.5	0.85	0.94	0.89	0.94	-0.6	0.32	-0.17	0.67		0.57	0.84	0.99	-0.59	0.68	0.03	0.61	0.88	0.86
Property Plant And Equipment Gross	0.86	0.51	0.58	0.57	0.94	0.95	0.43	0.68	0.53	0.73	0.85	0.73	-0.28	0.09	-0.18	0.33	0.57		0.87	0.51	-0.25	0.9	0.56	0.97	0.47	0.38
Total Current Assets	0.98	0.81	0.86	0.85	0.92	0.93	0.76	0.73	0.71	0.9	0.97	0.9	-0.51	0.3	-0.23	0.57	0.84	0.87		0.81	-0.5	0.94	0.29	0.91	0.76	0.71
Short Term Debt	0.83	1.0	0.99	0.99	0.55	0.64	0.99	0.45	0.77	0.91	0.83	0.91	-0.59	0.32	-0.25	0.67	0.99	0.51	0.81		-0.58	0.61	-0.01	0.55	0.86	0.84
Common Stock	-0.58	-0.57	-0.59	-0.56	-0.44	-0.44	-0.55	-0.69	-0.47	-0.64	-0.61	-0.64	0.99	-0.41	0.29	-0.79	-0.59	-0.25	-0.5	-0.58		-0.43	0.32	-0.27	-0.71	-0.74
Net Receivables	0.93	0.61	0.69	0.68	0.96	0.96	0.55	0.79	0.66	0.77	0.9	0.77	-0.43	0.22	-0.11	0.41	0.68	0.9	0.94	0.61	-0.43		0.39	0.94	0.63	0.55
Other Current Assets	0.23	0.0	0.06	0.03	0.39	0.4	-0.04	0.09	-0.04	0.12	0.19	0.12	0.26	-0.15	-0.28	-0.16	0.03	0.56	0.29	-0.01	0.32	0.39		0.48	-0.18	-0.2
Property Plant Equipment	0.89	0.55	0.63	0.61	0.97	0.96	0.48	0.7	0.52	0.74	0.87	0.74	-0.3	0.12	-0.19	0.36	0.61	0.97	0.91	0.55	-0.27	0.94	0.48		0.51	0.43
Non Currrent Assets Other	0.81	0.86	0.88	0.87	0.59	0.6	0.83	0.63	0.77	0.87	0.82	0.87	-0.71	0.22	-0.13	0.64	0.88	0.47	0.76	0.86	-0.71	0.63	-0.18	0.51		0.96
Other Assets	0.76	0.84	0.86	0.85	0.54	0.52	0.82	0.56	0.73	0.83	0.78	0.83	-0.74	0.26	-0.15	0.73	0.86	0.38	0.71	0.84	-0.74	0.55	-0.2	0.43	0.96

Click cells to compare fundamentals

Taoping Account Relationship Matchups

Taoping fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	40.6M	30.8M	47.2M	29.2M	32.8M	31.2M
Short Long Term Debt Total	7.5M	7.4M	8.8M	7.3M	9.0M	16.8M
Other Current Liab	5.3M	2.9M	6.9M	5.1M	8.9M	11.0M
Total Current Liabilities	26.0M	29.8M	27.3M	19.6M	20.1M	39.2M
Total Stockholder Equity	5.3M	(7.7M)	19.3M	9.6M	12.8M	12.1M
Property Plant And Equipment Net	11.8M	10.9M	22.5M	7.9M	6.7M	6.3M
Net Debt	6.0M	6.5M	4.3M	6.2M	7.7M	13.1M
Retained Earnings	(174.5M)	(192.2M)	(202.1M)	(208.1M)	(208.8M)	(198.3M)
Accounts Payable	12.7M	14.9M	8.4M	2.3M	832.4K	790.8K
Cash	1.5M	882.8K	4.5M	1.0M	1.3M	1.2M
Non Current Assets Total	21.6M	18.3M	26.1M	9.8M	7.6M	7.2M
Cash And Short Term Investments	1.5M	882.8K	4.5M	1.0M	1.3M	1.2M
Common Stock Total Equity	124.0M	126.1M	126.3M	131.2M	150.9M	158.5M
Common Stock Shares Outstanding	696.5K	737.3K	1.3M	1.6M	1.9M	2.9M
Liabilities And Stockholders Equity	40.6M	30.8M	47.2M	29.2M	32.8M	31.2M
Non Current Liabilities Total	9.3M	20.7M	22.8M	561.8K	20.4K	0.0
Other Stockholder Equity	15.8M	16.5M	15.6M	22.4M	22.6M	21.5M
Total Liab	26.0M	29.8M	27.9M	19.6M	20.1M	19.1M
Property Plant And Equipment Gross	11.8M	10.9M	41.2M	13.4M	14.5M	21.1M
Total Current Assets	19.0M	12.4M	21.1M	19.4M	25.3M	46.3M
Accumulated Other Comprehensive Income	37.1M	37.7M	37.8M	33.8M	33.8M	28.8M
Short Term Debt	7.5M	7.4M	7.9M	7.2M	9.0M	16.3M
Common Stock	126.3M	131.2M	161.1M	161.4M	165.1M	173.4M
Net Receivables	14.1M	7.2M	7.1M	9.3M	8.7M	8.3M
Other Current Assets	187.3K	4.1M	19.4M	8.7M	14.0M	7.5M
Property Plant Equipment	11.6M	11.8M	10.9M	22.5M	20.2M	22.9M
Non Currrent Assets Other	9.7M	4.3M	2.9M	1.8M	811.0K	770.5K
Other Assets	1.1M	9.7M	7.5M	2.9M	2.7M	2.5M
Inventory	302.9K	254.7K	542.4K	356.4K	13.3M	13.9M
Intangible Assets	1.5K	4.3M	2.9M	1.8M	811.0K	770.5K
Current Deferred Revenue	562.6K	477.0K	579.2K	717.4K	1.3M	1.2M
Net Tangible Assets	8.2M	5.3M	(7.7M)	19.3M	22.1M	23.2M
Short Long Term Debt	7.5M	7.4M	7.8M	7.2M	9.0M	6.8M

Pair Trading with Taoping

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Taoping position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Taoping will appreciate offsetting losses from the drop in the long position's value.

Moving against Taoping Stock

0.74	NN	Nextnav Acquisition Corp	Pair Corr
0.72	FLYW	Flywire Corp	Pair Corr
0.65	EVCM	EverCommerce	Pair Corr
0.61	FIVN	Five9 Inc	Pair Corr
0.56	CETXP	Cemtrex Pref	Pair Corr

The ability to find closely correlated positions to Taoping could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Taoping when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Taoping - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Taoping to buy it.

The correlation of Taoping is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Taoping moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Taoping moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Taoping can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

Additional Tools for Taoping Stock Analysis

When running Taoping's price analysis, check to measure Taoping's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Taoping is operating at the current time. Most of Taoping's value examination focuses on studying past and present price action to predict the probability of Taoping's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Taoping's price. Additionally, you may evaluate how the addition of Taoping to your portfolios can decrease your overall portfolio volatility.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC