Tungray Long Term Debt vs Cash And Short Term Investments Analysis
| TRSG Stock | 2.80 0.24 7.89% |
Tungray Technologies financial indicator trend analysis is much more than just breaking down Tungray Technologies prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Tungray Technologies is a good investment. Please check the relationship between Tungray Technologies Long Term Debt and its Cash And Short Term Investments accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Tungray Technologies Class. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.
Long Term Debt vs Cash And Short Term Investments
Long Term Debt vs Cash And Short Term Investments Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Tungray Technologies Long Term Debt account and Cash And Short Term Investments. At this time, the significance of the direction appears to have pay attention.
The correlation between Tungray Technologies' Long Term Debt and Cash And Short Term Investments is -0.96. Overlapping area represents the amount of variation of Long Term Debt that can explain the historical movement of Cash And Short Term Investments in the same time period over historical financial statements of Tungray Technologies Class, assuming nothing else is changed. The correlation between historical values of Tungray Technologies' Long Term Debt and Cash And Short Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Long Term Debt of Tungray Technologies Class are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Long Term Debt i.e., Tungray Technologies' Long Term Debt and Cash And Short Term Investments go up and down completely randomly.
Correlation Coefficient | -0.96 |
| Relationship Direction | Negative |
| Relationship Strength | Significant |
Long Term Debt
Long-term debt is a debt that Tungray Technologies has held for over one year. Long-term debt appears on Tungray Technologies Class balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on Tungray Technologies Class balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.Cash And Short Term Investments
Short Term Investments is an account in the current assets section of Tungray Technologies balance sheet. This account contains Tungray Technologies investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Tungray Technologies Class fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.Most indicators from Tungray Technologies' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Tungray Technologies 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 Tungray Technologies Class. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state. The Tungray Technologies' current Tax Provision is estimated to increase to about 561.6 K, while Selling General Administrative is projected to decrease to roughly 4 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 190.0K | 35.7K | 160.7K | 136.3K | Depreciation And Amortization | 411.5K | 259.9K | 233.3K | 221.8K |
Tungray Technologies fundamental ratios Correlations
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Tungray Technologies Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Currently Active Assets on Macroaxis
When determining whether Tungray Technologies is a strong investment it is important to analyze Tungray Technologies' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Tungray Technologies' future performance. For an informed investment choice regarding Tungray Stock, refer to the following important reports:Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Tungray Technologies Class. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state. You can also try the Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.
Is Electronic Equipment, Instruments & Components space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Tungray Technologies. If investors know Tungray will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Tungray Technologies listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.48) | Earnings Share 0.07 | Revenue Per Share 0.958 | Quarterly Revenue Growth 0.147 | Return On Assets 0.0267 |
The market value of Tungray Technologies is measured differently than its book value, which is the value of Tungray that is recorded on the company's balance sheet. Investors also form their own opinion of Tungray Technologies' value that differs from its market value or its book value, called intrinsic value, which is Tungray Technologies' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Tungray Technologies' market value can be influenced by many factors that don't directly affect Tungray Technologies' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Tungray Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine if Tungray Technologies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Tungray Technologies' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.