Corsair Total Current Assets vs Long Term Debt Analysis

CRSR Stock

USD 11.30 0.17 1.53%

Corsair GamingInc financial indicator trend analysis is way more than just evaluating Corsair GamingInc prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Corsair GamingInc is a good investment. Please check the relationship between Corsair GamingInc Total Current Assets and its Long Term Debt accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Corsair GamingInc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state.

To learn how to invest in Corsair Stock, please use our How to Invest in Corsair GamingInc guide.

Total Current Assets vs Long Term Debt

Total Current Assets vs Long Term Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Corsair GamingInc Total Current Assets account and Long Term Debt. At this time, the significance of the direction appears to have pay attention.

The correlation between Corsair GamingInc's Total Current Assets and Long Term Debt is -0.78. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Long Term Debt in the same time period over historical financial statements of Corsair GamingInc, assuming nothing else is changed. The correlation between historical values of Corsair GamingInc's Total Current Assets and Long Term 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 Total Current Assets of Corsair GamingInc are associated (or correlated) with its Long Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Long Term Debt has no effect on the direction of Total Current Assets i.e., Corsair GamingInc's Total Current Assets and Long Term Debt go up and down completely randomly.

Correlation Coefficient

-0.78

Relationship Direction	Negative
Relationship Strength	Weak

View All Relationships

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.

Long Term Debt

Long-term debt is a debt that Corsair GamingInc has held for over one year. Long-term debt appears on Corsair GamingInc balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on Corsair GamingInc balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.

Most indicators from Corsair GamingInc's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Corsair GamingInc 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Corsair GamingInc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state.

To learn how to invest in Corsair Stock, please use our How to Invest in Corsair GamingInc guide.At this time, Corsair GamingInc's Selling General Administrative is relatively stable compared to the past year. As of 04/29/2024, Enterprise Value Over EBITDA is likely to grow to 26.36, while Issuance Of Capital Stock is likely to drop 0.00.

	2021	2022	2023	2024 (projected)
Gross Profit	513.9M	296.6M	327.6M	370.4M
Total Revenue	1.9B	1.4B	1.5B	1.6B

Gross Profit Total Revenue

Corsair GamingInc fundamental ratios Correlations

	Other Current Liab	Total Current Liabilities	Other Liab	Net Tangible Assets	Retained Earnings	Accounts Payable	Other Assets	Net Receivables	Inventory	Other Current Assets	Other Stockholder Equity	Total Current Assets	Common Stock	Property Plant Equipment	Total Assets	Short Long Term Debt Total	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Cash	Non Current Assets Total	Non Currrent Assets Other	Long Term Debt	Cash And Short Term Investments	Good Will
Other Current Liab		0.98	0.57	0.18	0.11	0.94	0.73	0.99	0.94	0.97	0.91	0.98	0.62	0.57	0.96	-0.7	0.88	0.48	-0.26	-0.75	0.82	0.91	0.71	-0.68	0.82	0.91
Total Current Liabilities	0.98		0.62	0.12	0.04	0.98	0.66	0.99	0.95	0.96	0.92	0.98	0.66	0.57	0.95	-0.71	0.86	0.52	-0.3	-0.76	0.83	0.88	0.61	-0.68	0.83	0.89
Other Liab	0.57	0.62		-0.49	-0.51	0.65	0.33	0.67	0.61	0.62	0.61	0.58	0.92	0.37	0.53	-0.25	0.41	0.31	-0.14	-0.35	0.42	0.57	0.24	-0.21	0.42	0.56
Net Tangible Assets	0.18	0.12	-0.49		0.91	0.04	0.09	0.11	0.21	0.16	0.16	0.25	-0.17	0.47	0.33	-0.69	0.49	0.49	0.31	-0.59	0.39	0.23	0.25	-0.71	0.39	0.26
Retained Earnings	0.11	0.04	-0.51	0.91		-0.03	0.26	0.05	0.16	0.06	-0.03	0.14	-0.21	0.17	0.2	-0.52	0.34	0.21	0.24	-0.37	0.16	0.05	0.36	-0.56	0.16	0.08
Accounts Payable	0.94	0.98	0.65	0.04	-0.03		0.59	0.95	0.91	0.9	0.86	0.94	0.65	0.52	0.9	-0.66	0.79	0.5	-0.4	-0.72	0.79	0.82	0.5	-0.61	0.79	0.83
Other Assets	0.73	0.66	0.33	0.09	0.26	0.59		0.69	0.74	0.72	0.53	0.65	0.35	0.02	0.58	-0.38	0.54	-0.11	-0.21	-0.29	0.3	0.48	0.96	-0.41	0.3	0.44
Net Receivables	0.99	0.99	0.67	0.11	0.05	0.95	0.69		0.96	0.97	0.93	0.98	0.72	0.6	0.96	-0.71	0.88	0.53	-0.22	-0.76	0.82	0.91	0.66	-0.68	0.82	0.91
Inventory	0.94	0.95	0.61	0.21	0.16	0.91	0.74	0.96		0.97	0.9	0.96	0.68	0.58	0.93	-0.77	0.89	0.53	-0.06	-0.76	0.75	0.84	0.7	-0.76	0.75	0.85
Other Current Assets	0.97	0.96	0.62	0.16	0.06	0.9	0.72	0.97	0.97		0.96	0.98	0.68	0.64	0.95	-0.74	0.91	0.54	-0.07	-0.77	0.81	0.91	0.72	-0.73	0.81	0.91
Other Stockholder Equity	0.91	0.92	0.61	0.16	-0.03	0.86	0.53	0.93	0.9	0.96		0.96	0.69	0.75	0.93	-0.76	0.93	0.65	-0.02	-0.81	0.9	0.92	0.57	-0.74	0.9	0.94
Total Current Assets	0.98	0.98	0.58	0.25	0.14	0.94	0.65	0.98	0.96	0.98	0.96		0.68	0.68	0.98	-0.8	0.94	0.6	-0.15	-0.84	0.88	0.91	0.65	-0.78	0.88	0.93
Common Stock	0.62	0.66	0.92	-0.17	-0.21	0.65	0.35	0.72	0.68	0.68	0.69	0.68		0.56	0.64	-0.51	0.61	0.48	-0.01	-0.56	0.6	0.64	0.33	-0.48	0.6	0.65
Property Plant Equipment	0.57	0.57	0.37	0.47	0.17	0.52	0.02	0.6	0.58	0.64	0.75	0.68	0.56		0.76	-0.82	0.82	0.95	0.34	-0.91	0.85	0.79	0.16	-0.79	0.85	0.83
Total Assets	0.96	0.95	0.53	0.33	0.2	0.9	0.58	0.96	0.93	0.95	0.93	0.98	0.64	0.76		-0.82	0.95	0.69	-0.08	-0.88	0.9	0.96	0.6	-0.79	0.9	0.97
Short Long Term Debt Total	-0.7	-0.71	-0.25	-0.69	-0.52	-0.66	-0.38	-0.71	-0.77	-0.74	-0.76	-0.8	-0.51	-0.82	-0.82		-0.92	-0.79	-0.12	0.97	-0.85	-0.71	-0.47	0.99	-0.85	-0.75
Total Stockholder Equity	0.88	0.86	0.41	0.49	0.34	0.79	0.54	0.88	0.89	0.91	0.93	0.94	0.61	0.82	0.95	-0.92		0.73	0.09	-0.93	0.92	0.89	0.62	-0.91	0.92	0.93
Property Plant And Equipment Net	0.48	0.52	0.31	0.49	0.21	0.5	-0.11	0.53	0.53	0.54	0.65	0.6	0.48	0.95	0.69	-0.79	0.73		0.35	-0.87	0.76	0.71	-0.02	-0.75	0.76	0.75
Current Deferred Revenue	-0.26	-0.3	-0.14	0.31	0.24	-0.4	-0.21	-0.22	-0.06	-0.07	-0.02	-0.15	-0.01	0.34	-0.08	-0.12	0.09	0.35		-0.07	-0.11	0.02	-0.06	-0.19	-0.11	0.04
Net Debt	-0.75	-0.76	-0.35	-0.59	-0.37	-0.72	-0.29	-0.76	-0.76	-0.77	-0.81	-0.84	-0.56	-0.91	-0.88	0.97	-0.93	-0.87	-0.07		-0.92	-0.82	-0.38	0.93	-0.92	-0.85
Cash	0.82	0.83	0.42	0.39	0.16	0.79	0.3	0.82	0.75	0.81	0.9	0.88	0.6	0.85	0.9	-0.85	0.92	0.76	-0.11	-0.92		0.86	0.38	-0.82	1.0	0.9
Non Current Assets Total	0.91	0.88	0.57	0.23	0.05	0.82	0.48	0.91	0.84	0.91	0.92	0.91	0.64	0.79	0.96	-0.71	0.89	0.71	0.02	-0.82	0.86		0.53	-0.67	0.86	0.99
Non Currrent Assets Other	0.71	0.61	0.24	0.25	0.36	0.5	0.96	0.66	0.7	0.72	0.57	0.65	0.33	0.16	0.6	-0.47	0.62	-0.02	-0.06	-0.38	0.38	0.53		-0.51	0.38	0.5
Long Term Debt	-0.68	-0.68	-0.21	-0.71	-0.56	-0.61	-0.41	-0.68	-0.76	-0.73	-0.74	-0.78	-0.48	-0.79	-0.79	0.99	-0.91	-0.75	-0.19	0.93	-0.82	-0.67	-0.51		-0.82	-0.72
Cash And Short Term Investments	0.82	0.83	0.42	0.39	0.16	0.79	0.3	0.82	0.75	0.81	0.9	0.88	0.6	0.85	0.9	-0.85	0.92	0.76	-0.11	-0.92	1.0	0.86	0.38	-0.82		0.9
Good Will	0.91	0.89	0.56	0.26	0.08	0.83	0.44	0.91	0.85	0.91	0.94	0.93	0.65	0.83	0.97	-0.75	0.93	0.75	0.04	-0.85	0.9	0.99	0.5	-0.72	0.9

Click cells to compare fundamentals

Corsair GamingInc Account Relationship Matchups

Corsair GamingInc fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Other Current Liab	111.3M	205.7M	199.2M	158.2M	149.2M	122.4M
Total Current Liabilities	299.9M	505.4M	446.7M	343.0M	418.5M	347.2M
Other Liab	39.6M	32.4M	25.7M	21.2M	24.4M	30.9M
Net Tangible Assets	(387.0M)	(134.7M)	25.4M	59.8M	68.8M	72.3M
Retained Earnings	(106.0M)	(2.8M)	98.1M	37.2M	40.4M	42.4M
Accounts Payable	182.0M	299.6M	236.1M	172.0M	240.0M	208.1M
Other Assets	10.8M	34.6M	72.0M	30.3M	1.0	0.95
Net Receivables	202.3M	293.6M	291.3M	235.7M	253.3M	220.0M
Inventory	151.1M	226.0M	298.3M	192.7M	240.2M	201.3M
Other Current Assets	24.7M	38.0M	51.0M	40.6M	39.8M	29.6M
Other Stockholder Equity	325.0M	438.7M	470.4M	593.5M	630.6M	373.8M
Total Current Assets	429.8M	691.0M	705.8M	622.8M	711.6M	545.3M
Property Plant Equipment	15.4M	16.5M	16.8M	80.1M	92.1M	96.7M
Total Assets	1.1B	1.3B	1.3B	1.3B	1.4B	1.3B
Short Long Term Debt Total	505.8M	339.0M	308.3M	295.2M	246.5M	282.3M
Total Stockholder Equity	216.8M	437.4M	568.2M	623.8M	667.6M	490.7M
Property Plant And Equipment Net	15.4M	16.5M	16.8M	34.9M	68.5M	72.0M
Current Deferred Revenue	4.2M	(9.1M)	6.7M	6.3M	7.4M	7.8M
Net Debt	457.6M	205.6M	243.1M	141.3M	70.9M	67.3M
Cash	48.2M	133.3M	65.1M	153.8M	175.6M	110.3M
Non Current Assets Total	629.9M	623.1M	631.6M	674.5M	645.9M	678.3M
Non Currrent Assets Other	10.8M	29.6M	72.0M	51.7M	6.6M	6.3M
Long Term Debt	503.4M	321.4M	242.9M	232.2M	186.0M	250.7M
Cash And Short Term Investments	48.2M	133.3M	65.1M	153.8M	175.6M	110.3M
Good Will	312.8M	312.8M	317.1M	347.7M	354.7M	343.1M
Liabilities And Stockholders Equity	1.1B	1.3B	1.3B	1.3B	1.4B	1.3B
Non Current Liabilities Total	543.0M	371.3M	322.5M	298.8M	245.0M	294.6M
Total Liab	842.9M	876.7M	769.2M	641.8M	663.5M	592.3M
Net Invested Capital	722.6M	758.8M	815.8M	862.5M	865.8M	845.3M
Property Plant And Equipment Gross	15.4M	16.5M	16.8M	112.6M	104.2M	109.4M
Accumulated Other Comprehensive Income	(2.2M)	1.5M	(340K)	(6.9M)	(3.5M)	(3.7M)
Non Current Liabilities Other	5.7M	20.2M	53.9M	48.6M	3.0M	2.9M
Net Working Capital	129.9M	185.6M	259.0M	279.8M	293.1M	228.2M
Short Term Debt	2.4M	9.1M	4.8M	6.5M	21.9M	23.0M

Pair Trading with Corsair GamingInc

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 Corsair GamingInc 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 Corsair GamingInc will appreciate offsetting losses from the drop in the long position's value.

Moving together with Corsair Stock

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Moving against Corsair Stock

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0.77	FSTF	First State Financial	Pair Corr
0.73	BAC	Bank of America Sell-off Trend	Pair Corr
0.72	CVX	Chevron Corp Financial Report 26th of July 2024	Pair Corr

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

The correlation of Corsair GamingInc 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 Corsair GamingInc moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Corsair GamingInc 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 Corsair GamingInc 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 Corsair GamingInc is a strong investment it is important to analyze Corsair GamingInc's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Corsair GamingInc's future performance. For an informed investment choice regarding Corsair Stock, refer to the following important reports:

How To Invest In Corsair

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Is Corsair Stock a good investment?

Details

What is Corsair GamingInc's Net Worth?

Details

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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Corsair GamingInc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state.

To learn how to invest in Corsair Stock, please use our How to Invest in Corsair GamingInc guide.

You can also try the Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.

Complementary Tools for Corsair Stock analysis

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

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Is Corsair GamingInc'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 Corsair GamingInc. If investors know Corsair 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 Corsair GamingInc 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

(0.53)

Earnings Share

0.03

Revenue Per Share

14.245

Quarterly Revenue Growth

0.047

Return On Assets

0.0046

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

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Corsair Total Current Assets vs Long Term Debt Analysis

Total Current Assets vs Long Term Debt

Total Current Assets vs Long Term Debt Correlation Analysis

Correlation Coefficient

Total Current Assets

Long Term Debt

Corsair GamingInc fundamental ratios Correlations

Corsair GamingInc Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Corsair GamingInc fundamental ratios Accounts

Pair Trading with Corsair GamingInc

Moving together with Corsair Stock

Moving against Corsair Stock

Complementary Tools for Corsair Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 1.0	Cash
Net Receivables	+ 0.99	Other Current Liab
Net Receivables	+ 0.99	Total Current Liabilities
Long Term Debt	+ 0.99	Short Long Term Debt Total
Good Will	+ 0.99	Non Current Assets Total
Total Current Liabilities	+ 0.98	Other Current Liab

Net Debt	- 0.93	Total Stockholder Equity
Cash And Short Term Investments	- 0.92	Net Debt
Cash	- 0.92	Net Debt
Total Stockholder Equity	- 0.92	Short Long Term Debt Total
Long Term Debt	- 0.91	Total Stockholder Equity
Net Debt	- 0.91	Property Plant Equipment