Taitron Common Stock Total Equity vs Net Debt Analysis

TAIT Stock

USD 3.00 0.13 4.53%

Taitron Components financial indicator trend analysis is much more than just breaking down Taitron Components prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Taitron Components is a good investment. Please check the relationship between Taitron Components Common Stock Total Equity and its Net Debt accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Taitron Components Incorporated. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product.

Common Stock Total Equity vs Net Debt

Common Stock Total Equity vs Net Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Taitron Components Common Stock Total Equity account and Net Debt. At this time, the significance of the direction appears to have strong relationship.

The correlation between Taitron Components' Common Stock Total Equity and Net Debt is 0.68. Overlapping area represents the amount of variation of Common Stock Total Equity that can explain the historical movement of Net Debt in the same time period over historical financial statements of Taitron Components Incorporated, assuming nothing else is changed. The correlation between historical values of Taitron Components' Common Stock Total Equity and Net Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Common Stock Total Equity of Taitron Components Incorporated are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Common Stock Total Equity i.e., Taitron Components' Common Stock Total Equity and Net Debt go up and down completely randomly.

Correlation Coefficient

0.68

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Common Stock Total Equity

The total value of common stock equity held by shareholders, representing their ownership interest in the company.

Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.

Most indicators from Taitron Components' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Taitron Components 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 Taitron Components Incorporated. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product.

At this time, Taitron Components' Selling General Administrative is comparatively stable compared to the past year. Tax Provision is likely to gain to about 494.6 K in 2024, whereas Enterprise Value is likely to drop slightly above 14.1 M in 2024.

	2021	2022	2023	2024 (projected)
Interest Expense	306K	409K	368.1K	184.2K
Depreciation And Amortization	180K	135K	167K	202.0K

Interest Expense Depreciation And Amortization

Taitron Components 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	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Non Currrent Assets Other	Property Plant And Equipment Gross	Other Assets	Long Term Debt	Common Stock Total Equity
Total Assets		-0.18	0.36	-0.36	0.88	0.7	-0.1	0.95	-0.46	0.08	0.85	0.21	-0.63	0.13	0.28	0.5	0.61	0.52	-0.27	0.94	-0.15	-0.08	0.54	-0.13	0.29	-0.2
Short Long Term Debt Total	-0.18		-0.08	0.79	-0.51	-0.24	0.95	-0.01	0.66	-0.88	-0.3	-0.76	0.65	-0.7	0.55	0.54	-0.11	-0.89	0.94	-0.11	0.83	-0.26	-0.55	0.41	0.37	0.52
Other Current Liab	0.36	-0.08		0.2	0.33	0.02	-0.08	0.36	-0.06	0.06	0.27	0.16	-0.03	0.19	0.22	0.1	0.27	0.13	-0.01	0.33	0.16	0.02	0.42	-0.23	-0.5	-0.26
Total Current Liabilities	-0.36	0.79	0.2		-0.67	-0.58	0.67	-0.21	0.87	-0.57	-0.62	-0.44	0.81	-0.63	0.45	0.16	-0.1	-0.89	0.93	-0.17	0.83	-0.14	-0.31	0.33	-0.16	0.17
Total Stockholder Equity	0.88	-0.51	0.33	-0.67		0.69	-0.39	0.79	-0.69	0.31	0.89	0.32	-0.77	0.56	0.06	0.33	0.42	0.79	-0.62	0.72	-0.46	-0.05	0.62	-0.25	0.21	-0.23
Property Plant And Equipment Net	0.7	-0.24	0.02	-0.58	0.69		-0.05	0.54	-0.52	-0.03	0.79	-0.08	-0.66	0.1	0.17	0.51	0.3	0.61	-0.42	0.56	-0.39	-0.13	0.03	-0.13	0.48	0.3
Net Debt	-0.1	0.95	-0.08	0.67	-0.39	-0.05		0.04	0.59	-0.98	-0.14	-0.88	0.6	-0.63	0.59	0.68	-0.12	-0.79	0.85	-0.1	0.79	-0.2	-0.56	0.3	0.47	0.68
Retained Earnings	0.95	-0.01	0.36	-0.21	0.79	0.54	0.04		-0.41	-0.04	0.77	0.14	-0.45	0.01	0.26	0.51	0.57	0.32	-0.13	0.92	0.07	-0.07	0.47	-0.13	0.25	-0.22
Accounts Payable	-0.46	0.66	-0.06	0.87	-0.69	-0.52	0.59	-0.41		-0.54	-0.72	-0.51	0.77	-0.46	0.54	0.19	-0.22	-0.78	0.85	-0.28	0.64	-0.24	-0.35	0.35	0.02	0.32
Cash	0.08	-0.88	0.06	-0.57	0.31	-0.03	-0.98	-0.04	-0.54		0.06	0.93	-0.57	0.5	-0.6	-0.73	0.16	0.69	-0.76	0.12	-0.73	0.18	0.53	-0.22	-0.51	-0.76
Non Current Assets Total	0.85	-0.3	0.27	-0.62	0.89	0.79	-0.14	0.77	-0.72	0.06		0.14	-0.76	0.31	0.04	0.41	0.49	0.65	-0.49	0.63	-0.39	0.09	0.45	-0.23	0.36	-0.03
Cash And Short Term Investments	0.21	-0.76	0.16	-0.44	0.32	-0.08	-0.88	0.14	-0.51	0.93	0.14		-0.55	0.32	-0.57	-0.73	0.41	0.59	-0.63	0.29	-0.58	0.35	0.68	-0.27	-0.53	-0.9
Net Receivables	-0.63	0.65	-0.03	0.81	-0.77	-0.66	0.6	-0.45	0.77	-0.57	-0.76	-0.55		-0.45	0.24	0.06	-0.55	-0.87	0.72	-0.49	0.79	-0.07	-0.52	0.13	-0.22	0.35
Common Stock Shares Outstanding	0.13	-0.7	0.19	-0.63	0.56	0.1	-0.63	0.01	-0.46	0.5	0.31	0.32	-0.45		-0.18	-0.13	-0.11	0.69	-0.69	-0.07	-0.63	-0.02	0.53	-0.24	-0.1	-0.21
Non Current Liabilities Total	0.28	0.55	0.22	0.45	0.06	0.17	0.59	0.26	0.54	-0.6	0.04	-0.57	0.24	-0.18		0.76	0.1	-0.3	0.59	0.31	0.41	-0.48	-0.05	0.1	0.49	0.43
Inventory	0.5	0.54	0.1	0.16	0.33	0.51	0.68	0.51	0.19	-0.73	0.41	-0.73	0.06	-0.13	0.76		0.04	-0.16	0.39	0.4	0.4	-0.45	-0.21	0.2	0.68	0.63
Other Current Assets	0.61	-0.11	0.27	-0.1	0.42	0.3	-0.12	0.57	-0.22	0.16	0.49	0.41	-0.55	-0.11	0.1	0.04		0.26	-0.06	0.63	-0.09	0.16	0.57	-0.16	0.13	-0.41
Other Stockholder Equity	0.52	-0.89	0.13	-0.89	0.79	0.61	-0.79	0.32	-0.78	0.69	0.65	0.59	-0.87	0.69	-0.3	-0.16	0.26		-0.92	0.38	-0.86	0.12	0.56	-0.33	-0.03	-0.33
Total Liab	-0.27	0.94	-0.01	0.93	-0.62	-0.42	0.85	-0.13	0.85	-0.76	-0.49	-0.63	0.72	-0.69	0.59	0.39	-0.06	-0.92		-0.13	0.84	-0.21	-0.42	0.4	0.21	0.36
Total Current Assets	0.94	-0.11	0.33	-0.17	0.72	0.56	-0.1	0.92	-0.28	0.12	0.63	0.29	-0.49	-0.07	0.31	0.4	0.63	0.38	-0.13		-0.02	-0.1	0.5	-0.07	0.17	-0.32
Short Term Debt	-0.15	0.83	0.16	0.83	-0.46	-0.39	0.79	0.07	0.64	-0.73	-0.39	-0.58	0.79	-0.63	0.41	0.4	-0.09	-0.86	0.84	-0.02		-0.13	-0.42	0.21	-0.01	0.28
Non Currrent Assets Other	-0.08	-0.26	0.02	-0.14	-0.05	-0.13	-0.2	-0.07	-0.24	0.18	0.09	0.35	-0.07	-0.02	-0.48	-0.45	0.16	0.12	-0.21	-0.1	-0.13		0.29	-0.22	-0.29	-0.37
Property Plant And Equipment Gross	0.54	-0.55	0.42	-0.31	0.62	0.03	-0.56	0.47	-0.35	0.53	0.45	0.68	-0.52	0.53	-0.05	-0.21	0.57	0.56	-0.42	0.5	-0.42	0.29		-0.34	-0.2	-0.7
Other Assets	-0.13	0.41	-0.23	0.33	-0.25	-0.13	0.3	-0.13	0.35	-0.22	-0.23	-0.27	0.13	-0.24	0.1	0.2	-0.16	-0.33	0.4	-0.07	0.21	-0.22	-0.34		0.18	0.21
Long Term Debt	0.29	0.37	-0.5	-0.16	0.21	0.48	0.47	0.25	0.02	-0.51	0.36	-0.53	-0.22	-0.1	0.49	0.68	0.13	-0.03	0.21	0.17	-0.01	-0.29	-0.2	0.18		0.52
Common Stock Total Equity	-0.2	0.52	-0.26	0.17	-0.23	0.3	0.68	-0.22	0.32	-0.76	-0.03	-0.9	0.35	-0.21	0.43	0.63	-0.41	-0.33	0.36	-0.32	0.28	-0.37	-0.7	0.21	0.52

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Taitron Components Account Relationship Matchups

Taitron Components fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	13.6M	14.3M	17.1M	17.1M	18.1M	19.9M
Other Current Liab	322K	446K	924K	790K	969K	485.7K
Total Stockholder Equity	12.7M	13.2M	14.4M	16.1M	16.8M	14.8M
Property Plant And Equipment Net	3.4M	3.2M	3.1M	2.9M	3.0M	4.5M
Net Debt	(5.3M)	(6.5M)	(6.0M)	(5.2M)	(6.2M)	(5.9M)
Retained Earnings	1.7M	2.2M	3.3M	4.8M	5.4M	6.3M
Accounts Payable	462K	410K	1.8M	211K	194K	184.3K
Cash	5.3M	6.7M	6.0M	5.2M	6.2M	6.5M
Non Current Assets Total	3.6M	3.4M	3.2M	5.2M	5.3M	5.1M
Cash And Short Term Investments	5.3M	6.7M	7.5M	7.3M	9.8M	10.3M
Net Receivables	1.0M	639K	900K	683K	92K	87.4K
Common Stock Shares Outstanding	5.8M	5.9M	5.9M	6.0M	6.0M	4.7M
Liabilities And Stockholders Equity	13.6M	14.3M	17.1M	17.1M	18.1M	19.9M
Non Current Liabilities Total	462K	163K	1.8M	211K	137K	130.2K
Inventory	3.6M	3.5M	5.3M	3.9M	2.6M	2.5M
Other Current Assets	85K	46K	173K	148K	283K	281.3K
Other Stockholder Equity	11.0M	11.1M	11.2M	11.4M	11.5M	11.8M
Total Liab	784K	1.0M	2.7M	1.0M	1.3M	1.2M
Total Current Assets	10.0M	10.9M	13.9M	12.0M	12.8M	16.1M
Property Plant And Equipment Gross	3.4M	3.2M	7.5M	7.5M	7.8M	5.4M
Accumulated Other Comprehensive Income	38K	(66K)	(73K)	(58K)	(61K)	(64.1K)
Property Plant Equipment	3.7M	3.4M	3.2M	3.1M	2.7M	3.8M
Net Tangible Assets	12.6M	12.7M	13.2M	14.4M	12.9M	11.6M
Retained Earnings Total Equity	867K	1.7M	1.7M	2.2M	2.0M	2.9M
Capital Surpluse	10.7M	10.8M	11.0M	11.1M	12.7M	11.8M
Long Term Investments	403K	212K	205K	186K	167.4K	159.0K
Net Invested Capital	12.7M	13.4M	14.4M	16.1M	16.8M	15.5M
Net Working Capital	9.2M	10.0M	11.1M	11.0M	11.6M	11.0M

Pair Trading with Taitron Components

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 Taitron Components 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 Taitron Components will appreciate offsetting losses from the drop in the long position's value.

Moving against Taitron Stock

0.59	SNX	Synnex Financial Report 25th of June 2024	Pair Corr
0.56	SNPO	Snap One Holdings	Pair Corr
0.5	AVT	Avnet Inc Fiscal Year End 21st of August 2024	Pair Corr
0.41	ARW	Arrow Electronics	Pair Corr
0.41	BB	BlackBerry Financial Report 26th of June 2024	Pair Corr

The ability to find closely correlated positions to Taitron Components could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Taitron Components 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 Taitron Components - 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 Taitron Components Incorporated to buy it.

The correlation of Taitron Components 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 Taitron Components moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Taitron Components 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 Taitron Components 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

When determining whether Taitron Components is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Taitron Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Taitron Components Incorporated Stock. Highlighted below are key reports to facilitate an investment decision about Taitron Components Incorporated Stock:

How To Invest In Taitron

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Is Taitron Stock a good investment?

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What is Taitron Components' Net Worth?

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Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Taitron Components Incorporated. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product.

You can also try the Technical Analysis module to check basic technical indicators and analysis based on most latest market data.

Complementary Tools for Taitron Stock analysis

When running Taitron Components' price analysis, check to measure Taitron Components' 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 Taitron Components is operating at the current time. Most of Taitron Components' value examination focuses on studying past and present price action to predict the probability of Taitron Components' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Taitron Components' price. Additionally, you may evaluate how the addition of Taitron Components to your portfolios can decrease your overall portfolio volatility.

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Is Taitron Components' industry 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 Taitron Components. If investors know Taitron 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 Taitron Components 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

2.41

Dividend Share

0.2

Earnings Share

0.31

Revenue Per Share

1.017

Quarterly Revenue Growth

(0.46)

The market value of Taitron Components is measured differently than its book value, which is the value of Taitron that is recorded on the company's balance sheet. Investors also form their own opinion of Taitron Components' value that differs from its market value or its book value, called intrinsic value, which is Taitron Components' 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 Taitron Components' market value can be influenced by many factors that don't directly affect Taitron Components' 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 Taitron Components' value and its price as these two are different measures arrived at by different means. Investors typically determine if Taitron Components is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Taitron Components' 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.

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Taitron Common Stock Total Equity vs Net Debt Analysis

Common Stock Total Equity vs Net Debt

Common Stock Total Equity vs Net Debt Correlation Analysis

Correlation Coefficient

Common Stock Total Equity

Net Debt

Taitron Components fundamental ratios Correlations

Taitron Components Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Taitron Components fundamental ratios Accounts

Pair Trading with Taitron Components

Moving against Taitron Stock

Complementary Tools for Taitron Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Retained Earnings	+ 0.95	Total Assets
Net Debt	+ 0.95	Short Long Term Debt Total
Total Current Assets	+ 0.94	Total Assets
Total Liab	+ 0.94	Short Long Term Debt Total
Total Liab	+ 0.93	Total Current Liabilities
Cash And Short Term Investments	+ 0.93	Cash

Cash	- 0.98	Net Debt
Total Liab	- 0.92	Other Stockholder Equity
Common Stock Total Equity	- 0.9	Cash And Short Term Investments
Other Stockholder Equity	- 0.89	Total Current Liabilities
Other Stockholder Equity	- 0.89	Short Long Term Debt Total
Cash And Short Term Investments	- 0.88	Net Debt