TUT Historical Balance Sheet
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Trend analysis of TUT Fitness Group balance sheet accounts such as Net Tangible Assets of 1.1 M or Accounts Payable of 185.2 K provides information on TUT Fitness' total assets, liabilities, and equity, which is the actual value of TUT Fitness Group to its prevalent stockholders. By breaking down trends over time using TUT Fitness 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.
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About TUT Balance Sheet Analysis
Balance Sheet is a snapshot of the financial position of TUT Fitness Group at a specified time, usually calculated after every quarter, six months, or one year. TUT Fitness Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of TUT Fitness 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 TUT currently owns. An asset can also be divided into two categories, current and non-current.
TUT Fitness Balance Sheet Chart
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Total Current Liabilities
Total Current Liabilities is an item on TUT Fitness balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of TUT Fitness Group 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 TUT Fitness 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 TUT Fitness Group 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.Most accounts from TUT Fitness' balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into TUT Fitness Group 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in TUT Fitness Group. 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 Assets is likely to climb to about 892.1 K in 2024, whereas Total Current Liabilities is likely to drop slightly above 245.7 K in 2024.
2023 | 2024 (projected) | Total Current Liabilities | 296.2K | 245.7K | Other Current Liabilities | 7.5K | 7.1K |
TUT Fitness balance sheet Correlations
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TUT Fitness Account Relationship Matchups
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Additional Tools for TUT Stock Analysis
When running TUT Fitness' price analysis, check to measure TUT Fitness' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy TUT Fitness is operating at the current time. Most of TUT Fitness' value examination focuses on studying past and present price action to predict the probability of TUT Fitness' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move TUT Fitness' price. Additionally, you may evaluate how the addition of TUT Fitness to your portfolios can decrease your overall portfolio volatility.