TOTAL Stock | | | 67.95 1.53 2.20% |
Total Transport financial indicator trend analysis is much more than just breaking down Total Transport Systems prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Total Transport Systems is a good investment. Please check the relationship between Total Transport Total Liab and its Total Current Assets accounts. Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in Total Transport Systems. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in bureau of economic analysis.
Total Liab vs Total Current Assets
Total Liab vs Total Current Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Total Transport Systems Total Liab account and
Total Current Assets. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Total Transport's Total Liab and Total Current Assets is 0.88. Overlapping area represents the amount of variation of Total Liab that can explain the historical movement of Total Current Assets in the same time period over historical financial statements of Total Transport Systems, assuming nothing else is changed. The correlation between historical values of Total Transport's Total Liab and Total Current Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Liab of Total Transport Systems are associated (or correlated) with its Total Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Assets has no effect on the direction of Total Liab i.e., Total Transport's Total Liab and Total Current Assets go up and down completely randomly.
Correlation Coefficient | 0.88 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Total Liab
The total amount of all liabilities that a company has, including both short-term and long-term liabilities.
Total Current Assets
The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.
Most indicators from Total Transport's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Total Transport Systems 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 Total Transport Systems. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in bureau of economic analysis.
As of the 23rd of November 2024,
Tax Provision is likely to grow to about 23.6
M, while
Selling General Administrative is likely to drop about 24.1
M.
Total Transport fundamental ratios Correlations
Click cells to compare fundamentals
Total Transport Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Total Transport fundamental ratios Accounts
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Other Information on Investing in Total Stock
Balance Sheet is a snapshot of the
financial position of Total Transport Systems at a specified time, usually calculated after every quarter, six months, or one year. Total Transport Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Total Transport 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 Total currently owns. An asset can also be divided into two categories, current and non-current.