Tennant Accumulated Depreciation vs Common Stock Analysis
TNC Stock | USD 115.63 0.17 0.15% |
Tennant financial indicator trend analysis is much more than just breaking down Tennant Company prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Tennant Company is a good investment. Please check the relationship between Tennant Accumulated Depreciation and its Common Stock accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Tennant Company. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
Accumulated Depreciation vs Common Stock
Accumulated Depreciation vs Common Stock Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Tennant Company Accumulated Depreciation account and Common Stock. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Tennant's Accumulated Depreciation and Common Stock is -0.04. Overlapping area represents the amount of variation of Accumulated Depreciation that can explain the historical movement of Common Stock in the same time period over historical financial statements of Tennant Company, assuming nothing else is changed. The correlation between historical values of Tennant's Accumulated Depreciation and Common Stock is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Accumulated Depreciation of Tennant Company are associated (or correlated) with its Common Stock. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock has no effect on the direction of Accumulated Depreciation i.e., Tennant's Accumulated Depreciation and Common Stock go up and down completely randomly.
Correlation Coefficient | -0.04 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Accumulated Depreciation
Accumulated depreciation is the total amount of depreciation for Tennant Company fixed asset that has been charged to Tennant expense since that asset was acquired and made available for Tennant use. The accumulated depreciation account is Tennant Company asset account with a credit balance. It is also known as a contra asset account and appears on the balance sheet as a reduction from the gross amount of fixed assets reported by Tennant Company.Common Stock
Most indicators from Tennant's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Tennant Company 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 Tennant Company. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. At present, Tennant's Enterprise Value is projected to increase significantly based on the last few years of reporting.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 438M | 420.9M | 527.8M | 265.5M | Total Revenue | 1.1B | 1.1B | 1.2B | 627.5M |
Tennant fundamental ratios Correlations
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Tennant Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Tennant fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 1.1B | 1.1B | 1.1B | 1.1B | 1.1B | 1.2B | |
Short Long Term Debt Total | 369.1M | 337.2M | 293M | 317.4M | 242.4M | 254.5M | |
Other Current Liab | 142.7M | 131.2M | 156.9M | 123.7M | 133.6M | 140.3M | |
Total Current Liabilities | 274.9M | 254.3M | 290.3M | 261.6M | 273.7M | 287.4M | |
Total Stockholder Equity | 359.9M | 404.8M | 433.8M | 470.8M | 577M | 605.9M | |
Property Plant And Equipment Net | 219.9M | 230M | 214.1M | 211.7M | 229.4M | 240.9M | |
Net Debt | 294.5M | 196.2M | 169.4M | 240M | 125.5M | 131.8M | |
Retained Earnings | 346M | 363.3M | 410.6M | 458M | 547.4M | 574.8M | |
Cash | 74.6M | 141M | 123.6M | 77.4M | 116.9M | 122.7M | |
Non Current Assets Total | 581.9M | 589M | 534.9M | 509.8M | 544.3M | 571.5M | |
Non Currrent Assets Other | 29.2M | 25M | 29.7M | 19.1M | 64.4M | 67.6M | |
Cash And Short Term Investments | 74.6M | 141M | 123.6M | 77.4M | 116.9M | 122.7M | |
Net Receivables | 223.3M | 199.9M | 211.4M | 251.5M | 247.6M | 260.0M | |
Common Stock Shares Outstanding | 18.5M | 18.6M | 18.8M | 18.7M | 18.8M | 16.2M | |
Liabilities And Stockholders Equity | 1.1B | 1.1B | 1.1B | 1.1B | 1.1B | 1.2B | |
Non Current Liabilities Total | 426.7M | 422.2M | 336.3M | 351.4M | 261.4M | 274.5M | |
Inventory | 150.1M | 127.7M | 160.6M | 206.6M | 175.9M | 184.7M | |
Other Current Assets | 33M | 25M | 31.2M | 39.8M | 28.5M | 29.9M | |
Other Stockholder Equity | 45.5M | 54.7M | 54.1M | 56M | 64.9M | 68.1M | |
Total Liab | 701.6M | 676.5M | 626.6M | 613M | 535.1M | 561.9M | |
Property Plant And Equipment Gross | 219.9M | 437M | 172.8M | 491M | 533.4M | 560.1M | |
Total Current Assets | 481M | 493.6M | 526.8M | 575.3M | 569.1M | 597.6M | |
Accumulated Other Comprehensive Income | (38.5M) | (20.1M) | (37.9M) | (50.2M) | (42.3M) | (44.4M) | |
Short Term Debt | 31.3M | 10.9M | 4.2M | 5.2M | 20.8M | 21.8M | |
Accounts Payable | 94.1M | 106.3M | 121.5M | 126.1M | 111.4M | 61.5M | |
Intangible Assets | 137.7M | 126.2M | 98M | 76.4M | 63.1M | 45.1M | |
Good Will | 195.1M | 207.8M | 193.1M | 182M | 187.4M | 196.8M | |
Current Deferred Revenue | 6.8M | 5.9M | 7.7M | 6.6M | 7.9M | 12.3M | |
Common Stock Total Equity | 6.8M | 6.9M | 6M | 7M | 8.1M | 6.4M | |
Common Stock | 6.7M | 6.8M | 6.9M | 7M | 8.1M | 6.5M | |
Other Liab | 88.9M | 95.9M | 47.5M | 39.2M | 45.1M | 48.3M | |
Other Assets | 29.2M | 25M | 29.7M | 39.7M | 45.7M | 47.9M | |
Long Term Debt | 307.5M | 297.6M | 263.4M | 295M | 193.7M | 109.6M | |
Property Plant Equipment | 173.3M | 185.5M | 214.1M | 211.7M | 243.5M | 122.5M | |
Net Tangible Assets | 27.1M | 404.8M | 142.7M | 212.4M | 191.2M | 137.2M | |
Retained Earnings Total Equity | 346M | 363.3M | 410.6M | 458M | 526.7M | 327.0M | |
Long Term Debt Total | 307.5M | 297.6M | 263.4M | 295.1M | 339.4M | 197.6M | |
Capital Surpluse | 45.5M | 54.7M | 54.1M | 56M | 64.4M | 36.4M | |
Non Current Liabilities Other | 77.5M | 85.5M | 72.9M | 14.5M | 21.5M | 20.4M |
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When determining whether Tennant Company offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Tennant's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Tennant Company Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Tennant Company Stock:Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Tennant Company. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Stock Screener module to find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..
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When running Tennant's price analysis, check to measure Tennant's 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 Tennant is operating at the current time. Most of Tennant's value examination focuses on studying past and present price action to predict the probability of Tennant's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Tennant's price. Additionally, you may evaluate how the addition of Tennant to your portfolios can decrease your overall portfolio volatility.
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Is Tennant's 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 Tennant. If investors know Tennant 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 Tennant 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 0.28 | Dividend Share 1.075 | Earnings Share 5.83 | Revenue Per Share 67.187 | Quarterly Revenue Growth 0.07 |
The market value of Tennant Company is measured differently than its book value, which is the value of Tennant that is recorded on the company's balance sheet. Investors also form their own opinion of Tennant's value that differs from its market value or its book value, called intrinsic value, which is Tennant's 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 Tennant's market value can be influenced by many factors that don't directly affect Tennant's 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 Tennant's value and its price as these two are different measures arrived at by different means. Investors typically determine if Tennant is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Tennant's 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.