CTS Short Long Term Debt Total vs Total Current Liabilities Analysis
CTS Stock | USD 51.40 0.19 0.37% |
CTS financial indicator trend analysis is way more than just evaluating CTS Corporation prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether CTS Corporation is a good investment. Please check the relationship between CTS Short Long Term Debt Total and its Total Current Liabilities accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in CTS Corporation. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate.
Short Long Term Debt Total vs Total Current Liabilities
Short Long Term Debt Total vs Total Current Liabilities Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of CTS Corporation Short Long Term Debt Total account and Total Current Liabilities. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between CTS's Short Long Term Debt Total and Total Current Liabilities is 0.45. Overlapping area represents the amount of variation of Short Long Term Debt Total that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of CTS Corporation, assuming nothing else is changed. The correlation between historical values of CTS's Short Long Term Debt Total and Total Current Liabilities is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Short Long Term Debt Total of CTS Corporation are associated (or correlated) with its Total Current Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Liabilities has no effect on the direction of Short Long Term Debt Total i.e., CTS's Short Long Term Debt Total and Total Current Liabilities go up and down completely randomly.
Correlation Coefficient | 0.45 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Short Long Term Debt Total
Total Current Liabilities
Total Current Liabilities is an item on CTS balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of CTS Corporation are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.Most indicators from CTS's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into CTS Corporation 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 CTS Corporation. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. Selling General Administrative is likely to drop to about 67.3 M in 2024. Discontinued Operations is likely to drop to about (5.6 M) in 2024
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 184.6M | 210.5M | 190.9M | 130.6M | Total Revenue | 512.9M | 586.9M | 550.4M | 488.0M |
CTS fundamental ratios Correlations
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CTS Account Relationship Matchups
High Positive Relationship
High Negative Relationship
CTS fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 643.4M | 626.0M | 664.5M | 748.5M | 741.2M | 469.8M | |
Short Long Term Debt Total | 127.4M | 81.1M | 74.7M | 109.4M | 96.9M | 80.5M | |
Other Current Liab | 43.1M | 671K | 437K | 31.9M | 47.0M | 29.9M | |
Total Current Liabilities | 96.9M | 104.9M | 114.1M | 112.5M | 97.0M | 101.3M | |
Total Stockholder Equity | 405.2M | 423.7M | 463.6M | 506.2M | 526.8M | 281.1M | |
Property Plant And Equipment Net | 129.7M | 120.7M | 118.5M | 120.0M | 119.0M | 102.5M | |
Net Debt | 27.2M | (10.7M) | (66.7M) | (47.6M) | (67.0M) | (63.7M) | |
Retained Earnings | 509.8M | 539.3M | 492.2M | 546.7M | 602.2M | 311.2M | |
Cash | 100.2M | 91.8M | 141.5M | 156.9M | 163.9M | 172.1M | |
Non Current Assets Total | 405.9M | 392.8M | 375.4M | 422.7M | 421.8M | 260.1M | |
Non Currrent Assets Other | 3.0M | 2.6M | 2.4M | 17.4M | 15.3M | 14.6M | |
Cash And Short Term Investments | 100.2M | 91.8M | 141.5M | 156.9M | 163.9M | 172.1M | |
Net Receivables | 78.0M | 81.0M | 82.2M | 90.9M | 78.6M | 73.7M | |
Common Stock Shares Outstanding | 33.1M | 32.6M | 32.3M | 32.2M | 31.6M | 36.5M | |
Liabilities And Stockholders Equity | 643.4M | 626.0M | 664.5M | 748.5M | 741.2M | 469.8M | |
Non Current Liabilities Total | 141.2M | 97.4M | 86.8M | 129.7M | 117.3M | 93.2M | |
Inventory | 42.2M | 45.9M | 49.5M | 62.3M | 60.0M | 55.9M | |
Other Current Assets | 17.0M | 14.6M | 15.9M | 15.7M | 16.9M | 15.3M | |
Other Stockholder Equity | (320.8M) | (330.9M) | (338.8M) | (356.6M) | (398.9M) | (379.0M) | |
Total Liab | 238.1M | 202.4M | 200.9M | 242.3M | 214.3M | 192.5M | |
Property Plant And Equipment Gross | 129.7M | 120.7M | 118.5M | 120.0M | 362.6M | 380.7M | |
Total Current Assets | 237.5M | 233.2M | 289.1M | 325.8M | 319.3M | 214.0M | |
Accumulated Other Comprehensive Income | (91.7M) | (95.9M) | (4.5M) | (671K) | 4.3M | 4.5M | |
Short Term Debt | 2.8M | 3.3M | 3.4M | 3.9M | 4.4M | 4.2M | |
Intangible Assets | 85.2M | 79.1M | 69.9M | 108.1M | 104.0M | 109.2M | |
Accounts Payable | 48.2M | 50.5M | 55.5M | 53.2M | 43.5M | 51.8M | |
Common Stock Total Equity | 307.9M | 311.2M | 314.6M | 316.8M | 364.3M | 306.3M | |
Common Stock | 307.9M | 311.2M | 314.6M | 316.8M | 319.3M | 308.6M | |
Other Liab | 16.5M | 19.7M | 15.5M | 24.3M | 28.0M | 17.4M | |
Other Assets | 84.9M | 106.8M | 77.2M | 42.3M | 38.1M | 36.2M | |
Long Term Debt | 50M | 99.7M | 54.6M | 83.7M | 67.5M | 66.0M | |
Treasury Stock | (364.4M) | (372.5M) | (381.3M) | (402.8M) | (362.5M) | (380.6M) | |
Property Plant Equipment | 105.0M | 97.4M | 118.5M | 120.0M | 108.0M | 85.4M | |
Good Will | 106.1M | 109.5M | 109.8M | 152.4M | 157.6M | 165.5M | |
Current Deferred Revenue | 2.9M | 50.5M | 54.7M | 23.5M | 2.2M | 2.1M | |
Net Tangible Assets | 213.9M | 235.1M | 283.9M | 245.8M | 282.7M | 247.4M | |
Retained Earnings Total Equity | 509.8M | 539.3M | 492.2M | 546.7M | 628.7M | 480.2M | |
Short Term Investments | 278K | 576K | 82K | 1.6M | 1.1M | 1.2M | |
Long Term Debt Total | 50M | 99.7M | 54.6M | 83.7M | 75.3M | 64.8M |
Pair Trading with CTS
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 CTS 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 CTS will appreciate offsetting losses from the drop in the long position's value.Moving against CTS Stock
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The ability to find closely correlated positions to CTS could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CTS 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 CTS - 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 CTS Corporation to buy it.
The correlation of CTS 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 CTS moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CTS Corporation 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 CTS 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.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in CTS Corporation. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. You can also try the Sync Your Broker module to sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors..
Complementary Tools for CTS Stock analysis
When running CTS's price analysis, check to measure CTS'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 CTS is operating at the current time. Most of CTS's value examination focuses on studying past and present price action to predict the probability of CTS's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CTS's price. Additionally, you may evaluate how the addition of CTS to your portfolios can decrease your overall portfolio volatility.
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Is CTS'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 CTS. If investors know CTS 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 CTS 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 (0.38) | Dividend Share 0.16 | Earnings Share 1.7 | Revenue Per Share 17.028 | Quarterly Revenue Growth (0.14) |
The market value of CTS Corporation is measured differently than its book value, which is the value of CTS that is recorded on the company's balance sheet. Investors also form their own opinion of CTS's value that differs from its market value or its book value, called intrinsic value, which is CTS'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 CTS's market value can be influenced by many factors that don't directly affect CTS'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 CTS's value and its price as these two are different measures arrived at by different means. Investors typically determine if CTS is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, CTS'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.