Touchwood Total Stockholder Equity vs Non Current Assets Total Analysis

TOUCHWOOD   136.13  1.12  0.83%   
Touchwood Entertainment financial indicator trend analysis is much more than just breaking down Touchwood Entertainment prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Touchwood Entertainment is a good investment. Please check the relationship between Touchwood Entertainment Total Stockholder Equity and its Non Current Assets Total accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Touchwood Entertainment 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 rate.

Total Stockholder Equity vs Non Current Assets Total

Total Stockholder Equity vs Non Current Assets Total Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Touchwood Entertainment Total Stockholder Equity account and Non Current Assets Total. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Touchwood Entertainment's Total Stockholder Equity and Non Current Assets Total is 0.48. Overlapping area represents the amount of variation of Total Stockholder Equity that can explain the historical movement of Non Current Assets Total in the same time period over historical financial statements of Touchwood Entertainment Limited, assuming nothing else is changed. The correlation between historical values of Touchwood Entertainment's Total Stockholder Equity and Non Current Assets Total 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 Stockholder Equity of Touchwood Entertainment Limited are associated (or correlated) with its Non Current Assets Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Assets Total has no effect on the direction of Total Stockholder Equity i.e., Touchwood Entertainment's Total Stockholder Equity and Non Current Assets Total go up and down completely randomly.

Correlation Coefficient

0.48
Relationship DirectionPositive 
Relationship StrengthWeak

Total Stockholder Equity

The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.

Non Current Assets Total

The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.
Most indicators from Touchwood Entertainment's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Touchwood Entertainment 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 Touchwood Entertainment 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 rate.
As of the 1st of December 2024, Selling General Administrative is likely to drop to about 23.5 M. In addition to that, Tax Provision is likely to drop to about 8.7 M
 2021 2022 2023 2024 (projected)
Interest Expense1.9M559K530K503.5K
Depreciation And Amortization5.8M6.1M5.2M4.4M

Touchwood Entertainment fundamental ratios Correlations

0.770.450.540.990.620.17-0.960.980.220.970.560.060.960.710.360.940.120.530.641.00.30.730.070.680.6
0.770.520.420.740.61-0.2-0.680.730.030.730.610.10.760.390.30.87-0.010.340.510.740.550.320.040.880.52
0.450.520.720.360.66-0.47-0.320.440.550.330.740.550.330.5-0.040.420.110.140.730.40.460.10.350.250.61
0.540.420.720.420.510.02-0.40.420.90.40.70.370.370.69-0.120.51-0.050.350.980.50.190.30.620.080.69
0.990.740.360.420.580.19-0.980.990.090.980.480.010.980.660.410.930.140.520.530.990.280.74-0.030.710.52
0.620.610.660.510.58-0.14-0.470.590.320.480.90.020.470.72-0.120.70.040.550.620.560.780.530.520.40.84
0.17-0.2-0.470.020.19-0.14-0.210.140.010.19-0.13-0.360.160.180.240.1-0.240.230.040.2-0.160.45-0.08-0.19-0.01
-0.96-0.68-0.32-0.4-0.98-0.47-0.21-0.96-0.09-1.0-0.36-0.13-0.99-0.56-0.4-0.85-0.13-0.53-0.5-0.98-0.12-0.70.13-0.68-0.4
0.980.730.440.420.990.590.14-0.960.10.960.50.090.960.650.440.90.230.450.530.980.310.7-0.050.690.53
0.220.030.550.90.090.320.01-0.090.10.070.520.350.030.58-0.380.170.00.280.850.18-0.020.160.75-0.30.56
0.970.730.330.40.980.480.19-1.00.960.070.380.121.00.540.410.880.120.520.50.980.160.67-0.120.730.41
0.560.610.740.70.480.9-0.13-0.360.50.520.380.090.360.72-0.220.670.050.550.760.490.710.460.630.250.93
0.060.10.550.370.010.02-0.36-0.130.090.350.120.090.12-0.19-0.23-0.10.180.040.30.06-0.16-0.40.020.07-0.02
0.960.760.330.370.980.470.16-0.990.960.031.00.360.120.510.440.880.10.480.470.980.180.63-0.150.770.39
0.710.390.50.690.660.720.18-0.560.650.580.540.72-0.190.510.10.720.190.450.770.680.370.810.520.130.79
0.360.3-0.04-0.120.41-0.120.24-0.40.44-0.380.41-0.22-0.230.440.10.310.0-0.46-0.070.41-0.050.24-0.560.47-0.27
0.940.870.420.510.930.70.1-0.850.90.170.880.67-0.10.880.720.310.120.540.630.920.480.70.180.740.68
0.12-0.010.11-0.050.140.04-0.24-0.130.230.00.120.050.180.10.190.00.12-0.01-0.010.13-0.080.10.080.040.02
0.530.340.140.350.520.550.23-0.530.450.280.520.550.040.480.45-0.460.54-0.010.440.510.20.610.320.150.61
0.640.510.730.980.530.620.04-0.50.530.850.50.760.30.470.77-0.070.63-0.010.440.60.260.440.60.170.74
1.00.740.40.50.990.560.2-0.980.980.180.980.490.060.980.680.410.920.130.510.60.240.730.010.680.53
0.30.550.460.190.280.78-0.16-0.120.31-0.020.160.71-0.160.180.37-0.050.48-0.080.20.260.240.160.340.40.67
0.730.320.10.30.740.530.45-0.70.70.160.670.46-0.40.630.810.240.70.10.610.440.730.160.10.190.53
0.070.040.350.62-0.030.52-0.080.13-0.050.75-0.120.630.02-0.150.52-0.560.180.080.320.60.010.340.1-0.210.64
0.680.880.250.080.710.4-0.19-0.680.69-0.30.730.250.070.770.130.470.740.040.150.170.680.40.19-0.210.18
0.60.520.610.690.520.84-0.01-0.40.530.560.410.93-0.020.390.79-0.270.680.020.610.740.530.670.530.640.18
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Touchwood Entertainment Account Relationship Matchups

Touchwood Entertainment fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets188.4M179.2M185.3M337.2M429.4M450.8M
Short Long Term Debt Total4.0M6.6M4.5M2.7M17.2M18.1M
Other Current Liab1.3M7.9M4.6M11.8M16.7M10.3M
Total Current Liabilities54.7M33.0M18.7M67.5M48.6M48.3M
Total Stockholder Equity122.8M135.1M156.8M260.6M352.8M370.5M
Property Plant And Equipment Net27.9M27.2M26.6M20.6M40.7M27.4M
Current Deferred Revenue18.5M7.2M13.9M14.6M6.2M9.9M
Net Debt(39.7M)(37.7M)(67.1M)(168.1M)(196.3M)(186.5M)
Retained Earnings21.0M33.3M55M79.1M108.2M113.6M
Accounts Payable33.0M14.3M2.6M41.3M9.4M8.9M
Cash43.6M44.2M71.6M170.7M213.5M224.2M
Non Current Assets Total52.8M49.6M52.9M39.7M61.6M52.5M
Non Currrent Assets Other(28.0M)(29.0M)100K37.5M15.8M9.2M
Cash And Short Term Investments44.2M44.2M71.6M191.5M266.8M280.1M
Net Receivables79.0M79.3M48.2M70.3M74.2M47.4M
Liabilities And Stockholders Equity188.4M179.2M185.3M337.2M429.4M450.8M
Non Current Liabilities Total10.9M11.0M9.8M9.1M21.4M22.4M
Other Current Assets21.5M16.2M26.3M28.3M26.9M18.5M
Total Liab65.6M44.1M28.5M76.6M70.0M57.3M
Total Current Assets135.6M129.6M132.4M297.6M367.8M386.2M
Short Term Debt1.9M3.7M2.3M(2.4M)4.0M4.2M
Other Assets27.8M24.8M2.4M1K900.0855.0
Long Term Debt2.1M2.9M2.2M1.5M13.2M13.9M
Property Plant Equipment27.9M28.9M26.6M22.9M26.3M29.9M
Other Liab6.8M8.8M8.1M7.6M8.7M7.0M
Net Tangible Assets118.8M122.7M133.4M152.5M175.4M118.0M
Short Term Investments(2M)455K570K20.8M53.2M55.9M
Long Term Debt Total2.1M2.9M2.2M1.5M1.4M2.3M
Other Stockholder Equity21.0M33.3M55.0M5.7M82.8M86.9M
Short Long Term Debt1.9M3.7M2.3M1.1M4.0M2.5M
Net Invested Capital126.8M141.7M161.3M263.3M370.0M202.0M
Cash And Equivalents3.0M3.1M0.020.8M23.9M25.1M
Net Working Capital80.9M96.6M113.6M230.0M319.2M335.2M

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Other Information on Investing in Touchwood Stock

Balance Sheet is a snapshot of the financial position of Touchwood Entertainment at a specified time, usually calculated after every quarter, six months, or one year. Touchwood Entertainment Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Touchwood Entertainment 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 Touchwood currently owns. An asset can also be divided into two categories, current and non-current.