Tesco Cash And Short Term Investments vs Total Current Liabilities Analysis

TSCO Stock

366.40 0.20 0.05%

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

Cash And Short Term Investments vs Total Current Liabilities

Cash And Short Term Investments vs Total Current Liabilities Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Tesco PLC Cash And Short Term Investments account and Total Current Liabilities. At this time, the significance of the direction appears to have weak relationship.

The correlation between Tesco PLC's Cash And Short Term Investments and Total Current Liabilities is 0.31. Overlapping area represents the amount of variation of Cash And Short Term Investments that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of Tesco PLC, assuming nothing else is changed. The correlation between historical values of Tesco PLC's Cash And Short Term Investments and Total Current Liabilities is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash And Short Term Investments of Tesco PLC are associated (or correlated) with its Total Current Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Liabilities has no effect on the direction of Cash And Short Term Investments i.e., Tesco PLC's Cash And Short Term Investments and Total Current Liabilities go up and down completely randomly.

Correlation Coefficient

0.31

Relationship Direction	Positive
Relationship Strength	Very Weak

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Cash And Short Term Investments

Short Term Investments is an account in the current assets section of Tesco PLC balance sheet. This account contains Tesco PLC investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Tesco PLC 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.

Total Current Liabilities

Total Current Liabilities is an item on Tesco PLC balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Tesco PLC are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.

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

At this time, Tesco PLC's Selling General Administrative is comparatively stable compared to the past year. Discontinued Operations is likely to gain to about 283.8 M in 2024, whereas Tax Provision is likely to drop slightly above 300.5 M in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	4.7B	4.7B	4.8B	3.9B
Total Revenue	61.3B	65.8B	68.2B	39.1B

Gross Profit Total Revenue

Tesco PLC 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	Non Currrent Assets Other	Cash And Short Term Investments	Common Stock Total Equity	Common Stock Shares Outstanding	Short Term Investments	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Common Stock	Intangible Assets
Total Assets		0.24	0.56	0.81	0.61	0.28	0.26	0.33	0.16	0.35	0.27	0.21	-0.08	0.11	0.04	-0.53	-0.33	0.6	-0.22	0.08	0.88	-0.38	-0.31	0.4	0.56	0.47
Short Long Term Debt Total	0.24		-0.34	-0.14	-0.02	0.85	0.99	-0.26	0.65	-0.05	0.82	-0.32	-0.55	0.94	0.95	0.07	0.58	-0.4	-0.21	0.42	0.31	0.5	-0.58	-0.52	0.71	0.48
Other Current Liab	0.56	-0.34		0.71	0.55	-0.03	-0.35	0.44	-0.43	0.68	-0.04	0.56	0.12	-0.31	-0.37	-0.75	-0.4	0.74	0.37	-0.03	0.37	-0.27	0.27	0.79	-0.11	0.09
Total Current Liabilities	0.81	-0.14	0.71		0.4	0.07	-0.15	0.2	-0.07	0.33	-0.04	0.49	0.31	-0.13	-0.32	-0.39	-0.54	0.81	0.04	-0.2	0.77	-0.46	0.21	0.63	0.06	-0.06
Total Stockholder Equity	0.61	-0.02	0.55	0.4		0.16	0.03	0.89	-0.29	0.38	0.34	0.3	-0.03	-0.08	-0.06	-0.7	0.05	0.64	-0.24	-0.08	0.17	0.0	-0.2	0.62	0.35	0.58
Property Plant And Equipment Net	0.28	0.85	-0.03	0.07	0.16		0.81	-0.01	0.3	0.05	0.92	0.11	-0.32	0.89	0.86	-0.14	0.57	-0.07	-0.1	0.22	0.25	0.6	-0.33	-0.15	0.43	0.33
Net Debt	0.26	0.99	-0.35	-0.15	0.03	0.81		-0.22	0.64	-0.09	0.79	-0.36	-0.57	0.89	0.92	0.04	0.55	-0.39	-0.21	0.43	0.3	0.49	-0.59	-0.51	0.74	0.52
Retained Earnings	0.33	-0.26	0.44	0.2	0.89	-0.01	-0.22		-0.57	0.29	0.21	0.35	0.26	-0.29	-0.24	-0.54	0.11	0.63	-0.39	-0.36	-0.12	-0.03	-0.09	0.71	0.07	0.45
Accounts Payable	0.16	0.65	-0.43	-0.07	-0.29	0.3	0.64	-0.57		0.03	0.26	-0.57	-0.58	0.65	0.6	0.28	0.18	-0.55	-0.04	0.6	0.37	0.13	-0.49	-0.76	0.65	0.21
Cash	0.35	-0.05	0.68	0.33	0.38	0.05	-0.09	0.29	0.03		0.16	0.04	-0.2	0.03	0.0	-0.59	0.06	0.25	0.17	0.19	0.22	-0.08	-0.17	0.36	0.27	0.38
Non Current Assets Total	0.27	0.82	-0.04	-0.04	0.34	0.92	0.79	0.21	0.26	0.16		0.1	-0.34	0.83	0.84	-0.2	0.76	-0.06	-0.24	0.19	0.13	0.63	-0.44	-0.1	0.54	0.52
Non Currrent Assets Other	0.21	-0.32	0.56	0.49	0.3	0.11	-0.36	0.35	-0.57	0.04	0.1		0.52	-0.21	-0.31	-0.2	-0.12	0.67	0.25	-0.26	0.08	0.08	0.6	0.66	-0.49	-0.37
Cash And Short Term Investments	-0.08	-0.55	0.12	0.31	-0.03	-0.32	-0.57	0.26	-0.58	-0.2	-0.34	0.52		-0.49	-0.61	0.37	-0.2	0.59	-0.23	-0.73	-0.08	-0.21	0.63	0.58	-0.65	-0.54
Common Stock Total Equity	0.11	0.94	-0.31	-0.13	-0.08	0.89	0.89	-0.29	0.65	0.03	0.83	-0.21	-0.49		0.96	0.1	0.65	-0.4	-0.05	0.41	0.18	0.65	-0.41	-0.51	0.55	0.27
Common Stock Shares Outstanding	0.04	0.95	-0.37	-0.32	-0.06	0.86	0.92	-0.24	0.6	0.0	0.84	-0.31	-0.61	0.96		0.05	0.7	-0.52	-0.11	0.49	0.08	0.66	-0.55	-0.58	0.59	0.43
Short Term Investments	-0.53	0.07	-0.75	-0.39	-0.7	-0.14	0.04	-0.54	0.28	-0.59	-0.2	-0.2	0.37	0.1	0.05		0.16	-0.44	-0.14	-0.03	-0.24	0.21	0.27	-0.52	-0.3	-0.53
Non Current Liabilities Total	-0.33	0.58	-0.4	-0.54	0.05	0.57	0.55	0.11	0.18	0.06	0.76	-0.12	-0.2	0.65	0.7	0.16		-0.38	-0.23	0.07	-0.43	0.78	-0.29	-0.29	0.28	0.31
Inventory	0.6	-0.4	0.74	0.81	0.64	-0.07	-0.39	0.63	-0.55	0.25	-0.06	0.67	0.59	-0.4	-0.52	-0.44	-0.38		-0.09	-0.52	0.36	-0.35	0.38	0.94	-0.2	-0.03
Other Current Assets	-0.22	-0.21	0.37	0.04	-0.24	-0.1	-0.21	-0.39	-0.04	0.17	-0.24	0.25	-0.23	-0.05	-0.11	-0.14	-0.23	-0.09		0.46	-0.14	0.25	0.57	-0.02	-0.4	-0.48
Other Stockholder Equity	0.08	0.42	-0.03	-0.2	-0.08	0.22	0.43	-0.36	0.6	0.19	0.19	-0.26	-0.73	0.41	0.49	-0.03	0.07	-0.52	0.46		0.15	0.34	-0.25	-0.57	0.4	0.22
Total Liab	0.88	0.31	0.37	0.77	0.17	0.25	0.3	-0.12	0.37	0.22	0.13	0.08	-0.08	0.18	0.08	-0.24	-0.43	0.36	-0.14	0.15		-0.47	-0.27	0.13	0.49	0.24
Property Plant And Equipment Gross	-0.38	0.5	-0.27	-0.46	0.0	0.6	0.49	-0.03	0.13	-0.08	0.63	0.08	-0.21	0.65	0.66	0.21	0.78	-0.35	0.25	0.34	-0.47		0.11	-0.3	0.0	-0.04
Total Current Assets	-0.31	-0.58	0.27	0.21	-0.2	-0.33	-0.59	-0.09	-0.49	-0.17	-0.44	0.6	0.63	-0.41	-0.55	0.27	-0.29	0.38	0.57	-0.25	-0.27	0.11		0.4	-0.87	-0.82
Short Term Debt	0.4	-0.52	0.79	0.63	0.62	-0.15	-0.51	0.71	-0.76	0.36	-0.1	0.66	0.58	-0.51	-0.58	-0.52	-0.29	0.94	-0.02	-0.57	0.13	-0.3	0.4		-0.32	-0.01
Common Stock	0.56	0.71	-0.11	0.06	0.35	0.43	0.74	0.07	0.65	0.27	0.54	-0.49	-0.65	0.55	0.59	-0.3	0.28	-0.2	-0.4	0.4	0.49	0.0	-0.87	-0.32		0.82
Intangible Assets	0.47	0.48	0.09	-0.06	0.58	0.33	0.52	0.45	0.21	0.38	0.52	-0.37	-0.54	0.27	0.43	-0.53	0.31	-0.03	-0.48	0.22	0.24	-0.04	-0.82	-0.01	0.82

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Tesco Cash And Short Term Investments vs Total Current Liabilities Analysis

Cash And Short Term Investments vs Total Current Liabilities

Cash And Short Term Investments vs Total Current Liabilities Correlation Analysis

Correlation Coefficient

Cash And Short Term Investments

Total Current Liabilities

Tesco PLC fundamental ratios Correlations

Tesco PLC Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Also Currently Popular

Additional Tools for Tesco Stock Analysis

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Net Debt	+ 0.99	Short Long Term Debt Total
Common Stock Shares Outstanding	+ 0.96	Common Stock Total Equity
Common Stock Shares Outstanding	+ 0.95	Short Long Term Debt Total
Common Stock Total Equity	+ 0.94	Short Long Term Debt Total
Short Term Debt	+ 0.94	Inventory
Non Current Assets Total	+ 0.92	Property Plant And Equipment Net

Common Stock	- 0.87	Total Current Assets
Intangible Assets	- 0.82	Total Current Assets
Short Term Debt	- 0.76	Accounts Payable
Short Term Investments	- 0.75	Other Current Liab
Other Stockholder Equity	- 0.73	Cash And Short Term Investments
Short Term Investments	- 0.7	Total Stockholder Equity