TransAct Net Tangible Assets vs Net Debt Analysis
TACT Stock | USD 3.34 0.09 2.62% |
TransAct Technologies financial indicator trend analysis is much more than just breaking down TransAct Technologies prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether TransAct Technologies is a good investment. Please check the relationship between TransAct Technologies Net Tangible Assets and its Net Debt accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in TransAct Technologies Incorporated. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators.
Net Tangible Assets vs Net Debt
Net Tangible Assets vs Net Debt Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of TransAct Technologies Net Tangible Assets account and Net Debt. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between TransAct Technologies' Net Tangible Assets and Net Debt is -0.62. Overlapping area represents the amount of variation of Net Tangible Assets that can explain the historical movement of Net Debt in the same time period over historical financial statements of TransAct Technologies Incorporated, assuming nothing else is changed. The correlation between historical values of TransAct Technologies' Net Tangible Assets and Net 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 Net Tangible Assets of TransAct Technologies Incorporated are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Net Tangible Assets i.e., TransAct Technologies' Net Tangible Assets and Net Debt go up and down completely randomly.
Correlation Coefficient | -0.62 |
Relationship Direction | Negative |
Relationship Strength | Weak |
Net Tangible Assets
The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.Net Debt
The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.Most indicators from TransAct Technologies' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into TransAct Technologies 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 TransAct Technologies Incorporated. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators. At this time, TransAct Technologies' Tax Provision is comparatively stable compared to the past year. Enterprise Value Over EBITDA is likely to gain to 8.84 in 2024, whereas Sales General And Administrative To Revenue is likely to drop 0.13 in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 15.2M | 24.4M | 37.1M | 22.3M | Total Revenue | 39.4M | 58.1M | 72.6M | 59.6M |
TransAct Technologies fundamental ratios Correlations
Click cells to compare fundamentals
TransAct Technologies Account Relationship Matchups
High Positive Relationship
High Negative Relationship
TransAct Technologies fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 36.1M | 42.2M | 50.9M | 51.8M | 54.5M | 38.0M | |
Other Current Liab | 3.0M | 3.7M | 3.9M | 4.1M | 4.9M | 3.6M | |
Total Current Liabilities | 7.6M | 6.7M | 9.8M | 15.9M | 13.6M | 8.8M | |
Total Stockholder Equity | 25.9M | 30.2M | 39.0M | 33.9M | 39.4M | 26.3M | |
Property Plant And Equipment Net | 5.1M | 5.6M | 5.2M | 5.3M | 4.0M | 3.5M | |
Retained Earnings | 25.3M | 19.7M | 15.6M | 9.6M | 14.4M | 15.4M | |
Accounts Payable | 3.0M | 1.7M | 4.3M | 7.4M | 4.4M | 4.3M | |
Cash | 4.2M | 10.4M | 19.5M | 7.9M | 12.3M | 12.9M | |
Non Current Assets Total | 11.1M | 14.1M | 13.8M | 15.7M | 13.5M | 9.7M | |
Non Currrent Assets Other | 44K | 777K | 400K | 248K | 43.0K | 40.9K | |
Cash And Short Term Investments | 4.2M | 10.4M | 19.5M | 7.9M | 12.3M | 12.9M | |
Net Receivables | 7.4M | 3.5M | 9.1M | 15.4M | 9.8M | 9.4M | |
Common Stock Shares Outstanding | 7.7M | 7.8M | 9.3M | 9.9M | 10.0M | 7.4M | |
Liabilities And Stockholders Equity | 36.1M | 42.2M | 50.9M | 51.8M | 54.5M | 38.0M | |
Non Current Liabilities Total | 2.5M | 5.3M | 2.2M | 2.0M | 1.4M | 2.1M | |
Inventory | 12.1M | 11.3M | 7.7M | 12.0M | 17.8M | 11.2M | |
Other Current Assets | 1.3M | 644K | 738K | 724K | 1.1M | 650.3K | |
Other Stockholder Equity | 494K | 10.4M | 23.1M | 24.2M | 24.9M | 26.2M | |
Total Liab | 10.1M | 12.0M | 12.0M | 18.0M | 15.1M | 11.7M | |
Property Plant And Equipment Gross | 5.1M | 5.6M | 5.2M | 5.3M | 22.7M | 23.8M | |
Total Current Assets | 25.0M | 28.2M | 37.1M | 36.1M | 41.0M | 28.3M | |
Accumulated Other Comprehensive Income | (31K) | (38K) | 143K | (79K) | (49K) | (51.5K) | |
Intangible Assets | 817K | 583K | 397K | 242K | 88K | 83.6K | |
Net Debt | (1.2M) | (4.5M) | (16.9M) | (3.1M) | (8.4M) | (8.0M) | |
Other Liab | 385K | 277K | 373K | 361K | 324.9K | 308.7K | |
Other Assets | 2.6M | 8.9M | 5.5M | 7.6M | 1.0 | 0.95 | |
Property Plant Equipment | 2.2M | 2.0M | 5.2M | 2.8M | 2.5M | 3.0M | |
Current Deferred Revenue | 700K | 504K | 805K | 1.3M | 1.1M | 543.2K | |
Net Tangible Assets | 22.5M | 27.0M | 36.0M | 31.0M | 35.6M | 28.8M | |
Retained Earnings Total Equity | 27.5M | 25.3M | 19.7M | 9.6M | 8.7M | 8.2M | |
Capital Surpluse | 32.1M | 32.6M | 42.5M | 56.3M | 64.7M | 36.0M | |
Non Current Liabilities Other | 2.5M | 3.1M | 187K | 218K | 219K | 208.1K |
Pair Trading with TransAct Technologies
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 TransAct Technologies 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 TransAct Technologies will appreciate offsetting losses from the drop in the long position's value.Moving against TransAct Stock
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0.73 | PLXS | Plexus Corp Financial Report 24th of July 2024 | PairCorr |
0.7 | BHE | Benchmark Electronics | PairCorr |
The ability to find closely correlated positions to TransAct Technologies could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace TransAct Technologies 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 TransAct Technologies - 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 TransAct Technologies Incorporated to buy it.
The correlation of TransAct Technologies 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 TransAct Technologies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if TransAct Technologies 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 TransAct Technologies 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 World Market Map to better understand how to build diversified portfolios, which includes a position in TransAct Technologies Incorporated. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators. Note that the TransAct Technologies information on this page should be used as a complementary analysis to other TransAct Technologies' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.
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When running TransAct Technologies' price analysis, check to measure TransAct Technologies' 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 TransAct Technologies is operating at the current time. Most of TransAct Technologies' value examination focuses on studying past and present price action to predict the probability of TransAct Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move TransAct Technologies' price. Additionally, you may evaluate how the addition of TransAct Technologies to your portfolios can decrease your overall portfolio volatility.
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Is TransAct Technologies' 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 TransAct Technologies. If investors know TransAct 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 TransAct Technologies 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 0.8 | Earnings Share 0.06 | Revenue Per Share 6.128 | Quarterly Revenue Growth (0.52) | Return On Assets 0.0071 |
The market value of TransAct Technologies is measured differently than its book value, which is the value of TransAct that is recorded on the company's balance sheet. Investors also form their own opinion of TransAct Technologies' value that differs from its market value or its book value, called intrinsic value, which is TransAct Technologies' 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 TransAct Technologies' market value can be influenced by many factors that don't directly affect TransAct Technologies' 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 TransAct Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine if TransAct Technologies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, TransAct Technologies' 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.