| TEMBO Stock | | | 676.80 35.60 5.00% |
Tembo Global financial indicator trend analysis is much more than just breaking down Tembo Global Industries prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Tembo Global Industries is a good investment. Please check the relationship between Tembo Global Net Borrowings and its Depreciation accounts. Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in Tembo Global Industries. 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.
Net Borrowings vs Depreciation
Net Borrowings vs Depreciation Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Tembo Global Industries Net Borrowings account and
Depreciation. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Tembo Global's Net Borrowings and Depreciation is -0.09. Overlapping area represents the amount of variation of Net Borrowings that can explain the historical movement of Depreciation in the same time period over historical financial statements of Tembo Global Industries, assuming nothing else is changed. The correlation between historical values of Tembo Global's Net Borrowings and Depreciation 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 Borrowings of Tembo Global Industries are associated (or correlated) with its Depreciation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Depreciation has no effect on the direction of Net Borrowings i.e., Tembo Global's Net Borrowings and Depreciation go up and down completely randomly.
Correlation Coefficient | -0.09 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Net Borrowings
The difference between the amount of new debt a company has taken on and the amount of debt it has paid off during a given period.
Depreciation
Depreciation indicates how much of Tembo Global Industries value has been used up. For tax purposes Tembo Global can deduct the cost of the tangible assets it purchases as business expenses. However, Tembo Global Industries must depreciate these assets in accordance with IRS rules about how and when the deduction may be taken, and how long it will last. The systematic allocation of the cost of a tangible asset over its useful life.
Most indicators from Tembo Global's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Tembo Global Industries 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 Tembo Global Industries. 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.
At this time, Tembo Global's
Tax Provision is very stable compared to the past year. As of the 25th of January 2025,
Issuance Of Capital Stock is likely to grow to about 165.6
M, while
Selling General Administrative is likely to drop about 16.7
M.
Tembo Global fundamental ratios Correlations
Click cells to compare fundamentals
Tembo Global Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Tembo Global fundamental ratios Accounts
Also Currently Popular
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 Tembo Stock
Balance Sheet is a snapshot of the
financial position of Tembo Global Industries at a specified time, usually calculated after every quarter, six months, or one year. Tembo Global Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Tembo Global 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 Tembo currently owns. An asset can also be divided into two categories, current and non-current.