Towne Other Current Liab vs Total Assets Analysis
TOWN Stock | USD 27.95 0.19 0.68% |
Towne Bank financial indicator trend analysis is much more than just breaking down Towne Bank prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Towne Bank is a good investment. Please check the relationship between Towne Bank Other Current Liab and its Total Assets accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Towne Bank. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in housing. To learn how to invest in Towne Stock, please use our How to Invest in Towne Bank guide.
Other Current Liab vs Total Assets
Other Current Liab vs Total Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Towne Bank Other Current Liab account and Total Assets. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Towne Bank's Other Current Liab and Total Assets is 0.82. Overlapping area represents the amount of variation of Other Current Liab that can explain the historical movement of Total Assets in the same time period over historical financial statements of Towne Bank, assuming nothing else is changed. The correlation between historical values of Towne Bank's Other Current Liab and Total Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Current Liab of Towne Bank are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Other Current Liab i.e., Towne Bank's Other Current Liab and Total Assets go up and down completely randomly.
Correlation Coefficient | 0.82 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Other Current Liab
Total Assets
Total assets refers to the total amount of Towne Bank 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 Towne Bank 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.Most indicators from Towne Bank's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Towne Bank 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 Towne Bank. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in housing. To learn how to invest in Towne Stock, please use our How to Invest in Towne Bank guide.As of the 17th of May 2024, Selling General Administrative is likely to grow to about 304.3 M. Also, Tax Provision is likely to grow to about 42.8 M
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 679.0M | 677.1M | 941.6M | 988.7M | Total Revenue | 679.0M | 686.4M | 941.6M | 988.7M |
Towne Bank fundamental ratios Correlations
Click cells to compare fundamentals
Towne Bank Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Towne Bank fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 11.9B | 14.6B | 16.4B | 15.8B | 16.8B | 17.7B | |
Total Stockholder Equity | 1.6B | 1.8B | 1.9B | 1.9B | 2.0B | 2.1B | |
Other Assets | 7.8B | 9.2B | 8.5B | 14.8B | 17.0B | 17.9B | |
Common Stock Shares Outstanding | 72.2M | 72.3M | 72.6M | 72.6M | 74.7M | 45.0M | |
Liabilities And Stockholders Equity | 11.9B | 14.6B | 16.4B | 15.8B | 16.8B | 17.7B | |
Other Stockholder Equity | 1.0B | 1.0B | 1.1B | 1.1B | 1.1B | 1.2B | |
Total Liab | 720.1M | 705.1M | 405.0M | 252.1M | 14.8B | 15.5B | |
Short Long Term Debt Total | 720.1M | 705.1M | 405.0M | 277.1M | 492.6M | 455.2M | |
Other Current Liab | 6.5B | 9.2B | 11.7B | 12.5B | 11.1B | 9.3B | |
Total Current Liabilities | 7.0B | 9.6B | 11.8B | 12.6B | 11.1B | 11.7B | |
Property Plant And Equipment Net | 231.8M | 260.2M | 270.8M | 304.8M | 337.6M | 354.5M | |
Net Debt | 277.5M | (1.2B) | (2.9B) | (875.7M) | (635.8M) | (604.0M) | |
Retained Earnings | 467.2M | 557.9M | 716.6M | 840.8M | 921.1M | 967.2M | |
Cash | 442.6M | 1.9B | 3.3B | 1.2B | 1.1B | 1.2B | |
Non Current Assets Total | 2.2B | 2.1B | 2.7B | 884.6M | 15.7B | 16.5B | |
Non Currrent Assets Other | (2.2B) | (77.1M) | (74.4M) | (2.4B) | 788.9M | 828.4M | |
Cash And Short Term Investments | 1.9B | 3.2B | 5.1B | 152.6M | (1.0B) | (973.7M) | |
Common Stock Total Equity | 121.1M | 121.1M | 338K | 346K | 397.9K | 378.0K | |
Non Current Liabilities Total | 720.1M | 705.1M | 405.0M | 252.1M | 3.6B | 3.8B | |
Property Plant And Equipment Gross | 231.8M | 260.2M | 106.7M | 113.8M | 519.2M | 545.2M | |
Total Current Assets | 1.9B | 3.2B | 5.1B | 152.6M | 1.1B | 1.1B | |
Accumulated Other Comprehensive Income | 11.3M | 41.2M | 10.6M | (140.5M) | (118.8M) | (112.8M) | |
Short Term Debt | 428.0M | 380.4M | 88.0M | 76.3M | 32.8M | 31.2M | |
Common Stock | 121.1M | 121.1M | 121.2M | 121.4M | 124.8M | 76.8M | |
Other Current Assets | 458.0M | 1.9B | 3.3B | 1.2B | 1.1B | 1.1B | |
Other Liab | 199.3M | 249.6M | 389.8M | 261.1M | 300.3M | 315.3M | |
Accounts Payable | 9.3B | 11.6B | 13.6B | 34.2M | 39.3M | 37.3M | |
Long Term Debt | 720.1M | 705.1M | 405.0M | 524.4M | 459.8M | 507.3M | |
Good Will | 446.8M | 452.3M | 457.2M | 458.5M | 456.3M | 243.4M | |
Short Term Investments | 1.4B | 1.4B | 1.8B | 1.8B | 2.1B | 2.2B | |
Inventory | 15.4M | 5.0M | 4.6M | 560K | 504K | 478.8K | |
Intangible Assets | 54.4M | 45.5M | 50.4M | 43.2M | 64.6M | 38.4M | |
Property Plant Equipment | 279.3M | 320.6M | 270.8M | 113.8M | 130.9M | 173.7M | |
Net Tangible Assets | 1.1B | 1.3B | 1.4B | 65.5M | 75.3M | 71.6M | |
Long Term Investments | 1.5B | 1.4B | 2.0B | 2.4B | 2.6B | 1.6B | |
Capital Surpluse | 1.0B | 369.7M | 302.7M | 309.6M | 278.7M | 508.8M | |
Long Term Debt Total | 248.5M | 543.4M | 541.5M | 524.4M | 603.1M | 431.4M |
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectCheck out World Market Map to better understand how to build diversified portfolios, which includes a position in Towne Bank. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in housing. To learn how to invest in Towne Stock, please use our How to Invest in Towne Bank guide.You can also try the Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.
Complementary Tools for Towne Stock analysis
When running Towne Bank's price analysis, check to measure Towne Bank'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 Towne Bank is operating at the current time. Most of Towne Bank's value examination focuses on studying past and present price action to predict the probability of Towne Bank's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Towne Bank's price. Additionally, you may evaluate how the addition of Towne Bank to your portfolios can decrease your overall portfolio volatility.
Watchlist Optimization Optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm | |
Money Flow Index Determine momentum by analyzing Money Flow Index and other technical indicators | |
Sign In To Macroaxis Sign in to explore Macroaxis' wealth optimization platform and fintech modules | |
Positions Ratings Determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
Companies Directory Evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals | |
Price Transformation Use Price Transformation models to analyze the depth of different equity instruments across global markets | |
Equity Analysis Research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities | |
Correlation Analysis Reduce portfolio risk simply by holding instruments which are not perfectly correlated | |
Portfolio Diagnostics Use generated alerts and portfolio events aggregator to diagnose current holdings | |
Alpha Finder Use alpha and beta coefficients to find investment opportunities after accounting for the risk | |
Price Exposure Probability Analyze equity upside and downside potential for a given time horizon across multiple markets | |
Portfolio Dashboard Portfolio dashboard that provides centralized access to all your investments | |
Price Ceiling Movement Calculate and plot Price Ceiling Movement for different equity instruments |
Is Towne Bank'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 Towne Bank. If investors know Towne 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 Towne Bank 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 (0.11) | Dividend Share 1 | Earnings Share 2 | Revenue Per Share 8.975 | Quarterly Revenue Growth (0.03) |
The market value of Towne Bank is measured differently than its book value, which is the value of Towne that is recorded on the company's balance sheet. Investors also form their own opinion of Towne Bank's value that differs from its market value or its book value, called intrinsic value, which is Towne Bank'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 Towne Bank's market value can be influenced by many factors that don't directly affect Towne Bank'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 Towne Bank's value and its price as these two are different measures arrived at by different means. Investors typically determine if Towne Bank is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Towne Bank'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.