Towne Total Current Assets vs Cash And Short Term Investments Analysis
TOWN Stock | USD 28.34 0.39 1.40% |
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 Total Current Assets and its Cash And Short Term Investments 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.
Total Current Assets vs Cash And Short Term Investments
Total Current Assets vs Cash And Short Term Investments Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Towne Bank Total Current Assets account and Cash And Short Term Investments. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Towne Bank's Total Current Assets and Cash And Short Term Investments is 0.45. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Cash And Short Term Investments 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 Total Current Assets and Cash And Short Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Current Assets of Towne Bank are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Total Current Assets i.e., Towne Bank's Total Current Assets and Cash And Short Term Investments go up and down completely randomly.
Correlation Coefficient | 0.45 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Total Current Assets
The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.Cash And Short Term Investments
Short Term Investments is an account in the current assets section of Towne Bank balance sheet. This account contains Towne Bank investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Towne Bank 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 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 20th 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
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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 |
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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.