Toughbuilt Property Plant Equipment vs Net Debt Analysis

TBLT Stock

USD 3.04 0.04 1.33%

Toughbuilt Industries financial indicator trend analysis is much more than just breaking down Toughbuilt Industries prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Toughbuilt Industries is a good investment. Please check the relationship between Toughbuilt Industries Property Plant Equipment and its Net Debt accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Toughbuilt Industries. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis.

For more information on how to buy Toughbuilt Stock please use our How to Invest in Toughbuilt Industries guide.

Property Plant Equipment vs Net Debt

Property Plant Equipment vs Net Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Toughbuilt Industries Property Plant Equipment account and Net Debt. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between Toughbuilt Industries' Property Plant Equipment and Net Debt is -0.06. Overlapping area represents the amount of variation of Property Plant Equipment that can explain the historical movement of Net Debt in the same time period over historical financial statements of Toughbuilt Industries, assuming nothing else is changed. The correlation between historical values of Toughbuilt Industries' Property Plant Equipment 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 Property Plant Equipment of Toughbuilt Industries 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 Property Plant Equipment i.e., Toughbuilt Industries' Property Plant Equipment and Net Debt go up and down completely randomly.

Correlation Coefficient

-0.06

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Property Plant Equipment

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 Toughbuilt Industries' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Toughbuilt Industries 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 Toughbuilt Industries. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis.

For more information on how to buy Toughbuilt Stock please use our How to Invest in Toughbuilt Industries guide.At this time, Toughbuilt Industries' Selling General Administrative is comparatively stable compared to the past year. Enterprise Value is likely to gain to about 24.5 M in 2024, whereas Issuance Of Capital Stock is likely to drop slightly above 12.7 M in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	19.1M	25.2M	23.7M	24.8M
Total Revenue	70.0M	95.3M	89.6M	94.1M

Gross Profit Total Revenue

Toughbuilt Industries fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Tangible Assets	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Capital Surpluse	Inventory	Other Stockholder Equity	Total Liab	Total Current Assets	Common Stock	Property Plant Equipment	Short Long Term Debt Total	Other Assets	Common Stock Shares Outstanding	Short Term Debt	Current Deferred Revenue
Total Assets		0.72	0.91	0.88	0.98	0.98	-0.07	-0.96	0.97	0.59	0.98	0.9	0.59	0.97	0.92	1.0	0.99	0.91	1.0	0.49	1.0	0.58	0.75	0.89	-0.04	-0.15
Other Current Liab	0.72		0.91	0.37	0.59	0.76	-0.1	-0.75	0.77	0.58	0.76	0.72	0.58	0.63	0.62	0.71	0.7	0.9	0.7	0.06	0.7	0.3	0.41	0.78	-0.14	-0.18
Total Current Liabilities	0.91	0.91		0.61	0.82	0.94	0.1	-0.92	0.96	0.5	0.94	0.92	0.5	0.84	0.81	0.9	0.9	1.0	0.89	0.18	0.89	0.54	0.62	0.95	0.03	-0.05
Total Stockholder Equity	0.88	0.37	0.61		0.94	0.81	-0.28	-0.81	0.77	0.58	0.8	0.67	0.58	0.91	0.85	0.89	0.89	0.61	0.91	0.76	0.9	0.48	0.74	0.63	-0.12	-0.23
Net Tangible Assets	0.98	0.59	0.82	0.94		0.96	-0.07	-0.91	0.94	0.5	0.96	0.84	0.5	0.96	0.89	0.98	0.97	0.82	0.97	0.51	0.98	0.53	0.72	0.86	-0.11	-0.2
Property Plant And Equipment Net	0.98	0.76	0.94	0.81	0.96		0.08	-0.94	1.0	0.46	1.0	0.92	0.46	0.92	0.86	0.98	0.97	0.95	0.96	0.32	0.98	0.58	0.67	0.96	-0.03	-0.13
Net Debt	-0.07	-0.1	0.1	-0.28	-0.07	0.08		0.03	0.13	-0.67	0.09	0.27	-0.67	-0.1	-0.12	-0.06	-0.04	0.14	-0.12	-0.61	-0.06	0.38	-0.04	0.27	0.53	0.43
Retained Earnings	-0.96	-0.75	-0.92	-0.81	-0.91	-0.94	0.03		-0.94	-0.61	-0.94	-0.93	-0.61	-0.97	-0.95	-0.95	-0.97	-0.91	-0.96	-0.46	-0.95	-0.59	-0.85	-0.86	-0.01	0.13
Accounts Payable	0.97	0.77	0.96	0.77	0.94	1.0	0.13	-0.94		0.43	1.0	0.94	0.43	0.92	0.87	0.97	0.97	0.96	0.95	0.27	0.96	0.57	0.69	0.97	-0.01	-0.1
Cash	0.59	0.58	0.5	0.58	0.5	0.46	-0.67	-0.61	0.43		0.46	0.38	1.0	0.61	0.61	0.57	0.57	0.49	0.64	0.73	0.58	0.33	0.53	0.26	-0.17	-0.17
Non Current Assets Total	0.98	0.76	0.94	0.8	0.96	1.0	0.09	-0.94	1.0	0.46		0.92	0.46	0.92	0.86	0.98	0.97	0.95	0.96	0.31	0.98	0.58	0.67	0.96	-0.03	-0.13
Non Currrent Assets Other	0.9	0.72	0.92	0.67	0.84	0.92	0.27	-0.93	0.94	0.38	0.92		0.38	0.89	0.88	0.88	0.92	0.93	0.88	0.24	0.88	0.63	0.78	0.91	0.15	-0.05
Cash And Short Term Investments	0.59	0.58	0.5	0.58	0.5	0.46	-0.67	-0.61	0.43	1.0	0.46	0.38		0.61	0.61	0.57	0.57	0.49	0.64	0.73	0.58	0.33	0.53	0.26	-0.17	-0.17
Net Receivables	0.97	0.63	0.84	0.91	0.96	0.92	-0.1	-0.97	0.92	0.61	0.92	0.89	0.61		0.98	0.96	0.99	0.84	0.98	0.59	0.96	0.55	0.86	0.81	-0.02	-0.15
Capital Surpluse	0.92	0.62	0.81	0.85	0.89	0.86	-0.12	-0.95	0.87	0.61	0.86	0.88	0.61	0.98		0.89	0.95	0.8	0.93	0.58	0.9	0.47	0.9	0.76	-0.04	-0.18
Inventory	1.0	0.71	0.9	0.89	0.98	0.98	-0.06	-0.95	0.97	0.57	0.98	0.88	0.57	0.96	0.89		0.99	0.9	0.99	0.48	1.0	0.59	0.72	0.89	-0.04	-0.15
Other Stockholder Equity	0.99	0.7	0.9	0.89	0.97	0.97	-0.04	-0.97	0.97	0.57	0.97	0.92	0.57	0.99	0.95	0.99		0.89	0.99	0.5	0.99	0.57	0.8	0.88	-0.03	-0.16
Total Liab	0.91	0.9	1.0	0.61	0.82	0.95	0.14	-0.91	0.96	0.49	0.95	0.93	0.49	0.84	0.8	0.9	0.89		0.88	0.15	0.89	0.56	0.61	0.95	0.03	-0.05
Total Current Assets	1.0	0.7	0.89	0.91	0.97	0.96	-0.12	-0.96	0.95	0.64	0.96	0.88	0.64	0.98	0.93	0.99	0.99	0.88		0.55	0.99	0.58	0.77	0.85	-0.05	-0.16
Common Stock	0.49	0.06	0.18	0.76	0.51	0.32	-0.61	-0.46	0.27	0.73	0.31	0.24	0.73	0.59	0.58	0.48	0.5	0.15	0.55		0.5	0.3	0.59	0.05	0.01	-0.13
Property Plant Equipment	1.0	0.7	0.89	0.9	0.98	0.98	-0.06	-0.95	0.96	0.58	0.98	0.88	0.58	0.96	0.9	1.0	0.99	0.89	0.99	0.5		0.61	0.73	0.88	-0.03	-0.14
Short Long Term Debt Total	0.58	0.3	0.54	0.48	0.53	0.58	0.38	-0.59	0.57	0.33	0.58	0.63	0.33	0.55	0.47	0.59	0.57	0.56	0.58	0.3	0.61		0.56	0.51	0.57	0.4
Other Assets	0.75	0.41	0.62	0.74	0.72	0.67	-0.04	-0.85	0.69	0.53	0.67	0.78	0.53	0.86	0.9	0.72	0.8	0.61	0.77	0.59	0.73	0.56		0.55	0.19	-0.05
Common Stock Shares Outstanding	0.89	0.78	0.95	0.63	0.86	0.96	0.27	-0.86	0.97	0.26	0.96	0.91	0.26	0.81	0.76	0.89	0.88	0.95	0.85	0.05	0.88	0.51	0.55		-0.03	-0.11
Short Term Debt	-0.04	-0.14	0.03	-0.12	-0.11	-0.03	0.53	-0.01	-0.01	-0.17	-0.03	0.15	-0.17	-0.02	-0.04	-0.04	-0.03	0.03	-0.05	0.01	-0.03	0.57	0.19	-0.03		0.81
Current Deferred Revenue	-0.15	-0.18	-0.05	-0.23	-0.2	-0.13	0.43	0.13	-0.1	-0.17	-0.13	-0.05	-0.17	-0.15	-0.18	-0.15	-0.16	-0.05	-0.16	-0.13	-0.14	0.4	-0.05	-0.11	0.81

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Toughbuilt Industries Account Relationship Matchups

Toughbuilt Industries fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	10.5M	27.5M	79.0M	83.9M	96.5M	101.3M
Other Current Liab	364.3K	598.5K	6.6M	19.1M	22.0M	23.1M
Total Current Liabilities	7.2M	8.1M	21.1M	50.7M	58.3M	61.3M
Total Stockholder Equity	3.2M	19.3M	57.9M	29.7M	34.2M	35.9M
Net Tangible Assets	(19.0M)	(1.6M)	19.3M	57.3M	65.9M	69.2M
Property Plant And Equipment Net	1.0M	3.1M	13.3M	21.9M	25.2M	26.5M
Net Debt	4.3M	(1.6M)	(7.5M)	2.8M	2.6M	2.7M
Retained Earnings	(43.4M)	(60.8M)	(98.3M)	(145.0M)	(130.5M)	(123.9M)
Accounts Payable	2.5M	7.0M	14.4M	29.7M	34.1M	35.8M
Cash	25.1K	2.2M	7.5M	2.6M	2.9M	2.3M
Non Current Assets Total	1.2M	3.2M	14.1M	23.8M	27.4M	28.7M
Non Currrent Assets Other	215.7K	127.7K	127.3K	431.5K	496.3K	521.1K
Cash And Short Term Investments	25.1K	2.2M	7.5M	2.6M	2.9M	2.3M
Net Receivables	6.7M	12.2M	18.2M	16.8M	19.3M	20.3M
Capital Surpluse	1.7M	20.2M	41.8M	80.1M	92.1M	96.7M
Inventory	2.2M	8.9M	38.4M	40.4M	46.4M	48.7M
Other Current Assets	254.1K	1.0M	786.0K	369.8K	425.3K	338.9K
Other Stockholder Equity	41.8M	80.1M	156.2M	174.7M	200.9M	210.9M
Total Liab	7.2M	8.1M	21.1M	54.2M	62.3M	65.5M
Total Current Assets	9.2M	24.3M	64.9M	60.1M	69.1M	72.6M
Common Stock	3.3K	4.4K	12.9K	1.4K	1.6K	3.0K
Property Plant Equipment	224.2K	1.1M	3.1M	13.3M	15.3M	16.1M
Short Long Term Debt Total	1.3M	4.3M	591.0K	5.4M	6.2M	3.8M
Other Assets	36.0K	122.3K	127.7K	127.3K	146.3K	76.1K
Common Stock Shares Outstanding	318.02	2.8K	10.3K	101.4K	116.6K	122.4K
Liabilities And Stockholders Equity	10.5M	27.5M	79.0M	83.9M	96.5M	101.3M
Non Current Liabilities Total	6.9M	7.5M	14.4M	3.5M	4.0M	5.4M
Property Plant And Equipment Gross	1.0M	3.1M	16.3M	29.0M	33.4M	35.1M
Short Long Term Debt	1.3M	4.3M	591.0K	973.6K	1.1M	1.1M
Short Term Debt	1.3M	4.3M	591.0K	1.9M	1.7M	1.9M
Net Invested Capital	2.8M	19.9M	57.9M	30.7M	35.3M	37.0M
Net Working Capital	2.0M	16.2M	43.8M	9.4M	10.8M	8.0M
Capital Stock	4.8M	4.4K	12.9K	1.4K	1.3K	1.2K

Pair Trading with Toughbuilt Industries

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 Toughbuilt Industries 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 Toughbuilt Industries will appreciate offsetting losses from the drop in the long position's value.

Moving against Toughbuilt Stock

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0.59	OXM	Oxford Industries Financial Report 5th of June 2024	Pair Corr
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0.5	MYTE	MYT Netherlands Parent Fiscal Year End 12th of September 2024	Pair Corr

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

The correlation of Toughbuilt Industries 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 Toughbuilt Industries moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Toughbuilt Industries 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 Toughbuilt Industries 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 Toughbuilt Industries is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Toughbuilt Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Toughbuilt Industries Stock. Highlighted below are key reports to facilitate an investment decision about Toughbuilt Industries Stock:

How To Invest In Toughbuilt

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Is Toughbuilt Stock a good investment?

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What is Toughbuilt Industries' Net Worth?

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Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Toughbuilt Industries. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis.

For more information on how to buy Toughbuilt Stock please use our How to Invest in Toughbuilt Industries guide.

You can also try the Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.

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

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Is Toughbuilt Industries' 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 Toughbuilt Industries. If investors know Toughbuilt 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 Toughbuilt Industries listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Earnings Share

(197.60)

Revenue Per Share

309.748

Quarterly Revenue Growth

(0.32)

Return On Assets

(0.42)

Return On Equity

(1.77)

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

Property Plant Equipment vs Net Debt

Property Plant Equipment vs Net Debt Correlation Analysis

Correlation Coefficient

Property Plant Equipment

Net Debt

Toughbuilt Industries fundamental ratios Correlations

Toughbuilt Industries Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Toughbuilt Industries fundamental ratios Accounts

Pair Trading with Toughbuilt Industries

Moving against Toughbuilt Stock

Complementary Tools for Toughbuilt Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Inventory	+ 1.0	Total Assets
Total Current Assets	+ 1.0	Total Assets
Property Plant Equipment	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Current Liabilities
Accounts Payable	+ 1.0	Property Plant And Equipment Net
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net

Other Stockholder Equity	- 0.97	Retained Earnings
Net Receivables	- 0.97	Retained Earnings
Total Current Assets	- 0.96	Retained Earnings
Retained Earnings	- 0.96	Total Assets
Property Plant Equipment	- 0.95	Retained Earnings
Inventory	- 0.95	Retained Earnings