Treasury Total Current Liabilities vs Cash And Short Term Investments Analysis

TWE Stock

11.28 0.14 1.26%

Treasury Wine financial indicator trend analysis is much more than just breaking down Treasury Wine Estates prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Treasury Wine Estates is a good investment. Please check the relationship between Treasury Wine Total Current Liabilities 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 Treasury Wine Estates. 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.

Total Current Liabilities vs Cash And Short Term Investments

Total Current Liabilities 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 Treasury Wine Estates Total Current Liabilities account and Cash And Short Term Investments. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Treasury Wine's Total Current Liabilities and Cash And Short Term Investments is 0.92. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Cash And Short Term Investments in the same time period over historical financial statements of Treasury Wine Estates, assuming nothing else is changed. The correlation between historical values of Treasury Wine's Total Current Liabilities 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 Total Current Liabilities of Treasury Wine Estates 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 Total Current Liabilities i.e., Treasury Wine's Total Current Liabilities and Cash And Short Term Investments go up and down completely randomly.

Correlation Coefficient

0.92

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Total Current Liabilities

Total Current Liabilities is an item on Treasury Wine balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Treasury Wine Estates 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.

Cash And Short Term Investments

Short Term Investments is an account in the current assets section of Treasury Wine Estates balance sheet. This account contains Treasury Wine investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Treasury Wine Estates 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 Treasury Wine's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Treasury Wine Estates 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 Treasury Wine Estates. 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.

Tax Provision is likely to gain to about 86.6 M in 2024, whereas Selling General Administrative is likely to drop slightly above 145.9 M in 2024.

	2021	2022	2023	2024 (projected)
Other Operating Expenses	2.0B	1.9B	2.2B	2.1B
Gross Profit	1.0B	1.1B	1.2B	969.5M

Other Operating Expenses Gross Profit

Treasury Wine fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Property Plant And Equipment Net	Net Debt	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Long Term Debt	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Total Equity	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt
Total Assets		0.92	0.39	0.96	0.95	0.89	0.98	0.91	0.54	0.92	0.89	0.22	0.66	0.83	0.92	0.67	0.77	0.72	0.85	0.86	0.86	0.67	0.99	0.83	0.95	-0.13
Short Long Term Debt Total	0.92		0.26	0.89	0.84	0.9	0.93	0.99	0.6	0.87	0.84	0.32	0.56	0.92	0.9	0.64	0.87	0.61	0.85	0.95	0.8	0.6	0.93	0.76	0.89	-0.07
Other Current Liab	0.39	0.26		0.44	0.5	0.51	0.4	0.23	-0.3	0.35	0.16	-0.16	0.19	0.35	0.35	0.23	0.3	0.57	0.5	0.22	0.34	0.69	0.32	0.46	0.43	-0.41
Total Current Liabilities	0.96	0.89	0.44		0.88	0.87	0.97	0.87	0.51	0.92	0.82	0.18	0.66	0.76	0.92	0.56	0.68	0.66	0.81	0.82	0.86	0.72	0.97	0.81	0.95	-0.2
Total Stockholder Equity	0.95	0.84	0.5	0.88		0.9	0.89	0.83	0.36	0.81	0.82	0.2	0.67	0.87	0.82	0.67	0.83	0.87	0.92	0.81	0.84	0.62	0.88	0.79	0.88	-0.17
Other Liab	0.89	0.9	0.51	0.87	0.9		0.87	0.88	0.46	0.83	0.69	0.13	0.57	0.88	0.86	0.73	0.83	0.81	0.93	0.84	0.84	0.74	0.85	0.69	0.92	-0.07
Property Plant And Equipment Net	0.98	0.93	0.4	0.97	0.89	0.87		0.92	0.56	0.94	0.86	0.21	0.63	0.81	0.94	0.63	0.74	0.64	0.8	0.85	0.82	0.69	0.99	0.83	0.94	-0.13
Net Debt	0.91	0.99	0.23	0.87	0.83	0.88	0.92		0.61	0.82	0.82	0.3	0.58	0.93	0.85	0.62	0.88	0.59	0.84	0.94	0.8	0.57	0.91	0.74	0.86	-0.05
Accounts Payable	0.54	0.6	-0.3	0.51	0.36	0.46	0.56	0.61		0.56	0.37	-0.13	0.41	0.39	0.56	0.5	0.3	0.17	0.41	0.43	0.65	0.35	0.61	0.14	0.62	0.38
Cash	0.92	0.87	0.35	0.92	0.81	0.83	0.94	0.82	0.56		0.83	0.28	0.5	0.69	1.0	0.64	0.63	0.57	0.72	0.81	0.73	0.69	0.94	0.83	0.95	-0.14
Non Current Assets Total	0.89	0.84	0.16	0.82	0.82	0.69	0.86	0.82	0.37	0.83		0.59	0.52	0.77	0.83	0.52	0.75	0.53	0.67	0.89	0.63	0.35	0.88	0.91	0.75	-0.2
Non Currrent Assets Other	0.22	0.32	-0.16	0.18	0.2	0.13	0.21	0.3	-0.13	0.28	0.59		-0.04	0.34	0.3	0.09	0.42	0.08	0.13	0.56	-0.06	-0.31	0.22	0.53	0.08	-0.2
Other Assets	0.66	0.56	0.19	0.66	0.67	0.57	0.63	0.58	0.41	0.5	0.52	-0.04		0.58	0.5	0.13	0.5	0.53	0.55	0.46	0.74	0.39	0.62	0.37	0.57	-0.2
Long Term Debt	0.83	0.92	0.35	0.76	0.87	0.88	0.81	0.93	0.39	0.69	0.77	0.34	0.58		0.73	0.61	0.97	0.71	0.9	0.92	0.76	0.47	0.79	0.72	0.76	-0.19
Cash And Short Term Investments	0.92	0.9	0.35	0.92	0.82	0.86	0.94	0.85	0.56	1.0	0.83	0.3	0.5	0.73		0.65	0.68	0.59	0.75	0.84	0.74	0.69	0.94	0.82	0.95	-0.14
Net Receivables	0.67	0.64	0.23	0.56	0.67	0.73	0.63	0.62	0.5	0.64	0.52	0.09	0.13	0.61	0.65		0.56	0.63	0.69	0.59	0.57	0.41	0.64	0.49	0.72	0.14
Good Will	0.77	0.87	0.3	0.68	0.83	0.83	0.74	0.88	0.3	0.63	0.75	0.42	0.5	0.97	0.68	0.56		0.73	0.87	0.9	0.64	0.41	0.71	0.68	0.68	-0.09
Common Stock Total Equity	0.72	0.61	0.57	0.66	0.87	0.81	0.64	0.59	0.17	0.57	0.53	0.08	0.53	0.71	0.59	0.63	0.73		0.88	0.59	0.7	0.53	0.61	0.5	0.7	-0.02
Common Stock Shares Outstanding	0.85	0.85	0.5	0.81	0.92	0.93	0.8	0.84	0.41	0.72	0.67	0.13	0.55	0.9	0.75	0.69	0.87	0.88		0.82	0.87	0.62	0.79	0.65	0.85	-0.08
Non Current Liabilities Total	0.86	0.95	0.22	0.82	0.81	0.84	0.85	0.94	0.43	0.81	0.89	0.56	0.46	0.92	0.84	0.59	0.9	0.59	0.82		0.69	0.44	0.85	0.83	0.79	-0.11
Inventory	0.86	0.8	0.34	0.86	0.84	0.84	0.82	0.8	0.65	0.73	0.63	-0.06	0.74	0.76	0.74	0.57	0.64	0.7	0.87	0.69		0.66	0.84	0.54	0.89	-0.05
Other Current Assets	0.67	0.6	0.69	0.72	0.62	0.74	0.69	0.57	0.35	0.69	0.35	-0.31	0.39	0.47	0.69	0.41	0.41	0.53	0.62	0.44	0.66		0.67	0.48	0.79	-0.01
Total Liab	0.99	0.93	0.32	0.97	0.88	0.85	0.99	0.91	0.61	0.94	0.88	0.22	0.62	0.79	0.94	0.64	0.71	0.61	0.79	0.85	0.84	0.67		0.82	0.95	-0.1
Property Plant And Equipment Gross	0.83	0.76	0.46	0.81	0.79	0.69	0.83	0.74	0.14	0.83	0.91	0.53	0.37	0.72	0.82	0.49	0.68	0.5	0.65	0.83	0.54	0.48	0.82		0.74	-0.44
Total Current Assets	0.95	0.89	0.43	0.95	0.88	0.92	0.94	0.86	0.62	0.95	0.75	0.08	0.57	0.76	0.95	0.72	0.68	0.7	0.85	0.79	0.89	0.79	0.95	0.74		-0.06
Short Term Debt	-0.13	-0.07	-0.41	-0.2	-0.17	-0.07	-0.13	-0.05	0.38	-0.14	-0.2	-0.2	-0.2	-0.19	-0.14	0.14	-0.09	-0.02	-0.08	-0.11	-0.05	-0.01	-0.1	-0.44	-0.06

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Treasury Wine Account Relationship Matchups

Treasury Wine fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	6.6B	6.3B	6.7B	7.1B	8.1B	5.9B
Short Long Term Debt Total	1.9B	1.5B	1.7B	1.9B	2.2B	2.3B
Other Current Liab	54.7M	482.2M	447.5M	470.4M	478.7M	342.7M
Total Current Liabilities	983M	878.5M	1.0B	1.1B	1.0B	835.0M
Total Stockholder Equity	3.6B	3.6B	3.8B	3.9B	4.6B	3.8B
Other Liab	363.2M	339.8M	359.4M	427.1M	491.2M	515.7M
Property Plant And Equipment Net	1.9B	1.8B	2.0B	2.0B	2.2B	1.6B
Net Debt	1.5B	1.1B	1.3B	1.4B	1.7B	1.8B
Accounts Payable	682.1M	322.1M	314.9M	339.9M	314M	367.4M
Cash	449.1M	448.1M	430.5M	565.8M	458.1M	269.7M
Non Current Assets Total	4.5B	4.2B	4.7B	4.9B	5.9B	3.6B
Non Currrent Assets Other	1.1B	1.1B	1.1B	1.2B	1.4B	1.4B
Other Assets	1.3B	1.0	1.3B	1.4B	1.6B	938.7M
Long Term Debt	1.1B	916.9M	1.5B	1.2B	2.1B	2.2B
Cash And Short Term Investments	449.1M	448.1M	430.5M	565.8M	458.1M	326.1M
Net Receivables	543.2M	513.8M	585M	515.1M	440.9M	530.5M
Good Will	283.3M	277.5M	337M	363.8M	785.7M	825.0M
Common Stock Shares Outstanding	728.8M	730.9M	732.6M	733.0M	782.3M	779.9M
Liabilities And Stockholders Equity	6.6B	6.3B	6.7B	7.1B	8.1B	5.9B
Non Current Liabilities Total	2.1B	1.8B	1.9B	2.1B	2.5B	2.6B
Inventory	1.0B	1.0B	839.7M	990.3M	1.0B	956.7M
Other Current Assets	120M	184.5M	96.2M	240.2M	161M	130.1M
Total Liab	3.0B	2.7B	2.9B	3.2B	3.5B	2.2B
Property Plant And Equipment Gross	1.9B	3.5B	3.8B	3.7B	4.0B	2.0B
Total Current Assets	2.1B	2.1B	2.0B	2.2B	2.2B	1.9B
Short Term Debt	223.3M	53.1M	(279.3M)	(137.8M)	14.3M	15.0M
Intangible Assets	1.3B	1.2B	1.4B	1.4B	1.4B	1.2B
Common Stock	3.2B	3.2B	3.3B	3.3B	4.2B	3.6B
Property Plant Equipment	1.9B	1.8B	2.0B	2.0B	2.3B	1.6B
Current Deferred Revenue	22.9M	21.1M	8.5M	18.7M	77M	80.9M
Retained Earnings	310.2M	394.4M	455.5M	464.6M	302.9M	250.5M
Accumulated Other Comprehensive Income	12M	(88M)	48.7M	116.4M	82.2M	86.3M
Other Stockholder Equity	(3.6B)	(3.7B)	(3.7B)	(18.1M)	(16.3M)	(17.1M)
Net Tangible Assets	2.3B	2.4B	2.4B	2.4B	2.8B	2.6B
Short Long Term Debt	223.3M	53.1M	161.5M	250.7M	83.8M	106.7M
Long Term Debt Total	1.7B	1.5B	1.5B	1.7B	1.9B	1.4B
Non Current Liabilities Other	29M	1.8B	20.7M	43.9M	68.7M	65.3M

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