Converge Historical Balance Sheet

CTS Stock

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Trend analysis of Converge Technology Solutions balance sheet accounts such as Total Current Liabilities of 608 M, Total Stockholder Equity of 615.5 M or Net Debt of 276 M provides information on Converge Technology's total assets, liabilities, and equity, which is the actual value of Converge Technology to its prevalent stockholders. By breaking down trends over time using Converge Technology balance sheet statements, investors will see what precisely the company owns and what it owes to creditors or other parties at the end of each accounting year.

Cash Flow Balance Sheet Income Statement

Covid

Financial Statement Analysis is much more than just reviewing and examining Converge Technology latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Converge Technology is a good buy for the upcoming year.

Converge Technology Inventory

66.1 Million

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Converge Technology Solutions. 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.

About Converge Balance Sheet Analysis

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

Converge Technology Balance Sheet Chart

At this time, Converge Technology's Common Stock is very stable compared to the past year. As of the 22nd of November 2024, Short and Long Term Debt Total is likely to grow to about 455 M, while Total Current Liabilities is likely to drop about 608 M.

Total Assets Total Current Liabilities Accounts Payable Cash And Short Term Investments

Total Assets

Total assets refers to the total amount of Converge Technology assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Converge Technology books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

Total Current Liabilities

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

Accounts Payable

An accounting item on the balance sheet that represents Converge Technology obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Converge Technology are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.

Cash And Short Term Investments

Short Term Investments is an account in the current assets section of Converge Technology balance sheet. This account contains Converge Technology investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Converge Technology Solutions 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 accounts from Converge Technology's balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into Converge Technology current financial condition. On the other hand, looking into the entire matrix of balance sheet accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Converge Technology Solutions. 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.

	2021	2022	2023	2024 (projected)
Total Current Liabilities	591.2M	1.4B	1.0B	608.0M
Total Assets	1.4B	2.2B	2.2B	2.3B

Total Current Liabilities Total Assets

Converge Technology balance sheet Correlations

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Net Tangible Assets	Net Debt	Retained Earnings	Accounts Payable	Cash	Cash And Short Term Investments	Total Liab	Total Current Assets	Common Stock	Short Long Term Debt Total	Other Current Liab	Other Liab	Property Plant And Equipment Net	Current Deferred Revenue	Non Current Assets Total	Long Term Debt	Net Receivables	Good Will	Common Stock Shares Outstanding	Long Term Debt Total	Non Current Liabilities Total	Inventory	Other Current Assets
Total Assets		0.92	0.96	-0.86	0.6	-0.64	0.99	0.83	0.83	0.99	0.93	0.96	0.9	0.81	0.98	0.92	0.99	0.99	0.7	0.94	0.99	0.93	0.92	0.88	0.87	0.85
Total Current Liabilities	0.92		0.83	-0.85	0.6	-0.67	0.9	0.8	0.8	0.93	0.97	0.84	0.85	0.92	0.85	0.98	0.9	0.9	0.44	0.97	0.88	0.95	0.85	0.66	0.91	0.92
Total Stockholder Equity	0.96	0.83		-0.69	0.36	-0.51	0.93	0.92	0.92	0.91	0.91	1.0	0.75	0.75	0.98	0.84	0.94	0.95	0.63	0.88	0.96	0.91	0.79	0.82	0.89	0.72
Net Tangible Assets	-0.86	-0.85	-0.69		-0.92	0.59	-0.87	-0.48	-0.48	-0.92	-0.77	-0.69	-0.99	-0.78	-0.79	-0.89	-0.89	-0.87	-0.69	-0.84	-0.85	-0.74	-0.95	-0.8	-0.66	-0.9
Net Debt	0.6	0.6	0.36	-0.92		-0.43	0.63	0.1	0.1	0.69	0.47	0.36	0.88	0.54	0.52	0.65	0.66	0.63	0.64	0.58	0.6	0.42	0.81	0.65	0.33	0.71
Retained Earnings	-0.64	-0.67	-0.51	0.59	-0.43		-0.7	-0.56	-0.56	-0.68	-0.66	-0.55	-0.57	-0.45	-0.56	-0.58	-0.58	-0.57	-0.42	-0.66	-0.55	-0.74	-0.72	-0.52	-0.47	-0.73
Accounts Payable	0.99	0.9	0.93	-0.87	0.63	-0.7		0.81	0.81	0.99	0.92	0.94	0.91	0.77	0.97	0.91	0.99	0.98	0.74	0.94	0.98	0.93	0.94	0.9	0.82	0.85
Cash	0.83	0.8	0.92	-0.48	0.1	-0.56	0.81		1.0	0.77	0.91	0.93	0.53	0.68	0.85	0.78	0.78	0.8	0.39	0.84	0.81	0.93	0.61	0.61	0.88	0.66
Cash And Short Term Investments	0.83	0.8	0.92	-0.48	0.1	-0.56	0.81	1.0		0.77	0.91	0.93	0.53	0.68	0.85	0.78	0.78	0.8	0.39	0.84	0.81	0.93	0.61	0.61	0.88	0.66
Total Liab	0.99	0.93	0.91	-0.92	0.69	-0.68	0.99	0.77	0.77		0.92	0.91	0.94	0.82	0.96	0.93	0.99	0.98	0.71	0.94	0.98	0.92	0.96	0.88	0.83	0.89
Total Current Assets	0.93	0.97	0.91	-0.77	0.47	-0.66	0.92	0.91	0.91	0.92		0.91	0.79	0.84	0.9	0.96	0.91	0.91	0.5	0.99	0.91	0.99	0.82	0.71	0.92	0.87
Common Stock	0.96	0.84	1.0	-0.69	0.36	-0.55	0.94	0.93	0.93	0.91	0.91		0.76	0.75	0.98	0.85	0.94	0.95	0.64	0.89	0.96	0.92	0.79	0.83	0.89	0.73
Short Long Term Debt Total	0.9	0.85	0.75	-0.99	0.88	-0.57	0.91	0.53	0.53	0.94	0.79	0.76		0.78	0.85	0.89	0.94	0.92	0.74	0.86	0.9	0.77	0.96	0.85	0.69	0.88
Other Current Liab	0.81	0.92	0.75	-0.78	0.54	-0.45	0.77	0.68	0.68	0.82	0.84	0.75	0.78		0.74	0.9	0.8	0.82	0.23	0.83	0.8	0.82	0.74	0.48	0.93	0.83
Other Liab	0.98	0.85	0.98	-0.79	0.52	-0.56	0.97	0.85	0.85	0.96	0.9	0.98	0.85	0.74		0.88	0.98	0.99	0.75	0.9	0.99	0.9	0.88	0.91	0.84	0.79
Property Plant And Equipment Net	0.92	0.98	0.84	-0.89	0.65	-0.58	0.91	0.78	0.78	0.93	0.96	0.85	0.89	0.9	0.88		0.92	0.92	0.53	0.98	0.91	0.92	0.88	0.72	0.89	0.93
Current Deferred Revenue	0.99	0.9	0.94	-0.89	0.66	-0.58	0.99	0.78	0.78	0.99	0.91	0.94	0.94	0.8	0.98	0.92		1.0	0.74	0.93	1.0	0.89	0.93	0.9	0.84	0.84
Non Current Assets Total	0.99	0.9	0.95	-0.87	0.63	-0.57	0.98	0.8	0.8	0.98	0.91	0.95	0.92	0.82	0.99	0.92	1.0		0.73	0.93	1.0	0.9	0.92	0.89	0.86	0.84
Long Term Debt	0.7	0.44	0.63	-0.69	0.64	-0.42	0.74	0.39	0.39	0.71	0.5	0.64	0.74	0.23	0.75	0.53	0.74	0.73		0.57	0.74	0.5	0.77	0.96	0.28	0.53
Net Receivables	0.94	0.97	0.88	-0.84	0.58	-0.66	0.94	0.84	0.84	0.94	0.99	0.89	0.86	0.83	0.9	0.98	0.93	0.93	0.57		0.92	0.96	0.87	0.76	0.88	0.9
Good Will	0.99	0.88	0.96	-0.85	0.6	-0.55	0.98	0.81	0.81	0.98	0.91	0.96	0.9	0.8	0.99	0.91	1.0	1.0	0.74	0.92		0.9	0.91	0.9	0.85	0.82
Common Stock Shares Outstanding	0.93	0.95	0.91	-0.74	0.42	-0.74	0.93	0.93	0.93	0.92	0.99	0.92	0.77	0.82	0.9	0.92	0.89	0.9	0.5	0.96	0.9		0.83	0.71	0.91	0.87
Long Term Debt Total	0.92	0.85	0.79	-0.95	0.81	-0.72	0.94	0.61	0.61	0.96	0.82	0.79	0.96	0.74	0.88	0.88	0.93	0.92	0.77	0.87	0.91	0.83		0.88	0.69	0.93
Non Current Liabilities Total	0.88	0.66	0.82	-0.8	0.65	-0.52	0.9	0.61	0.61	0.88	0.71	0.83	0.85	0.48	0.91	0.72	0.9	0.89	0.96	0.76	0.9	0.71	0.88		0.55	0.69
Inventory	0.87	0.91	0.89	-0.66	0.33	-0.47	0.82	0.88	0.88	0.83	0.92	0.89	0.69	0.93	0.84	0.89	0.84	0.86	0.28	0.88	0.85	0.91	0.69	0.55		0.76
Other Current Assets	0.85	0.92	0.72	-0.9	0.71	-0.73	0.85	0.66	0.66	0.89	0.87	0.73	0.88	0.83	0.79	0.93	0.84	0.84	0.53	0.9	0.82	0.87	0.93	0.69	0.76

Click cells to compare fundamentals

Converge Technology Account Relationship Matchups

Converge Technology balance sheet Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	488.9M	720.6M	1.4B	2.2B	2.2B	2.3B
Total Current Liabilities	445.2M	571.5M	591.2M	1.4B	1.0B	608.0M
Total Stockholder Equity	(9.9M)	101.7M	613.5M	599.9M	586.2M	615.5M
Net Tangible Assets	(182.2M)	(117.2M)	56.6M	(427.7M)	(384.9M)	(365.7M)
Net Debt	144.8M	74.4M	(247.0M)	261.8M	262.9M	276.0M
Retained Earnings	(37.9M)	(39.3M)	(25.1M)	(18.4M)	(28.2M)	(29.6M)
Accounts Payable	248.2M	398.0M	519.4M	824.9M	914.0M	959.7M
Cash	20.6M	64.8M	248.2M	159.9M	170.4M	93.8M
Cash And Short Term Investments	20.6M	64.8M	248.2M	159.9M	170.4M	93.8M
Liabilities And Stockholders Equity	488.9M	720.6M	1.4B	2.2B	2.2B	2.3B
Total Liab	498.8M	618.9M	720.0M	1.6B	1.5B	1.6B
Total Current Assets	287.2M	477.3M	780.7M	1.1B	1.1B	548.3M
Common Stock	20.6M	135.4M	633.5M	595.0M	599.4M	629.4M
Short Long Term Debt Total	178.3M	147.2M	12.2M	459.6M	433.3M	455.0M
Other Current Liab	36.4M	22.9M	43.4M	131.0M	46.5M	48.8M
Other Liab	26.1M	33.4M	117.4M	142.3M	163.7M	171.8M
Property Plant And Equipment Net	27.4M	23.6M	30.6M	88.4M	75.5M	40.2M
Current Deferred Revenue	9.7M	17.4M	27.6M	60.2M	59.3M	62.3M
Non Current Assets Total	201.7M	243.3M	588.1M	1.1B	1.1B	1.1B
Other Assets	2.0M	1K	617K	4.6M	5.3M	2.7M
Long Term Debt	14.6M	5.9M	412K	0.0	378.0M	396.9M
Net Receivables	220.1M	364.3M	416.5M	781.7M	814.2M	435.4M
Good Will	80.3M	110.1M	323.3M	563.8M	564.8M	593.0M
Common Stock Shares Outstanding	77.4M	103.0M	187.9M	215.8M	206.7M	134.6M
Long Term Debt Total	27.5M	13.9M	11.4M	37.8M	43.5M	45.7M
Non Current Liabilities Total	53.5M	47.3M	128.8M	180.2M	502.8M	528.0M
Inventory	23.4M	37.9M	104.3M	158.4M	73.2M	66.1M
Other Current Assets	23.1M	10.4M	11.8M	28.3M	26.5M	18.0M
Other Stockholder Equity	7.3M	4.9M	4.7M	9.6M	11.0M	6.0M
Net Invested Capital	155.6M	240.9M	614.7M	1.0B	965.9M	489.6M
Short Long Term Debt	150.9M	133.3M	816K	421.7M	1.7M	1.6M
Accumulated Other Comprehensive Income	69K	817K	329K	13.7M	4.0M	2.9M
Non Current Liabilities Other	33.1M	28.9M	85.3M	77.2M	57.7M	46.9M
Net Working Capital	(158.0M)	(94.2M)	189.5M	(309.6M)	46.0M	48.3M
Short Term Debt	150.9M	133.3M	816K	421.7M	18.6M	17.7M
Intangible Assets	92.0M	108.9M	233.6M	463.8M	375.2M	211.1M
Property Plant Equipment	27.4M	23.6M	30.6M	88.4M	101.6M	106.7M
Non Currrent Assets Other	2.0M	749K	617K	4.6M	53.6M	56.3M
Capital Surpluse	307K	0.0	2.3M	7.9M	9.1M	9.6M
Capital Stock	20.6M	135.4M	633.5M	595.0M	599.4M	367.0M

Pair Trading with Converge Technology

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Converge Technology position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Converge Technology will appreciate offsetting losses from the drop in the long position's value.

The ability to find closely correlated positions to Converge Technology could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Converge Technology when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Converge Technology - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Converge Technology Solutions to buy it.

The correlation of Converge Technology is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Converge Technology moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Converge Technology moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Converge Technology can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

Other Information on Investing in Converge Stock

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Converge Historical Balance Sheet

Converge Technology Inventory

66.1 Million

About Converge Balance Sheet Analysis

Converge Technology Balance Sheet Chart

Total Assets

Total Current Liabilities

Accounts Payable

Cash And Short Term Investments

Converge Technology balance sheet Correlations

Converge Technology Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Converge Technology balance sheet Accounts

Pair Trading with Converge Technology

Other Information on Investing in Converge Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Common Stock	+ 1.0	Total Stockholder Equity
Cash And Short Term Investments	+ 1.0	Cash
Non Current Assets Total	+ 1.0	Current Deferred Revenue
Good Will	+ 1.0	Current Deferred Revenue
Good Will	+ 1.0	Non Current Assets Total
Accounts Payable	+ 0.99	Total Assets

Short Long Term Debt Total	- 0.99	Net Tangible Assets
Long Term Debt Total	- 0.95	Net Tangible Assets
Total Liab	- 0.92	Net Tangible Assets
Net Debt	- 0.92	Net Tangible Assets
Other Current Assets	- 0.9	Net Tangible Assets
Current Deferred Revenue	- 0.89	Net Tangible Assets