Toughbuilt Total Current Liabilities vs Non Current Assets Total Analysis

TBLT Stock

USD 2.37 0.08 3.49%

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 Total Current Liabilities and its Non Current Assets Total 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.

Total Current Liabilities vs Non Current Assets Total

Total Current Liabilities vs Non Current Assets Total Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Toughbuilt Industries Total Current Liabilities account and Non Current Assets Total. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Toughbuilt Industries' Total Current Liabilities and Non Current Assets Total is 0.94. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Non Current Assets Total 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' Total Current Liabilities and Non Current Assets Total 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 Liabilities of Toughbuilt Industries are associated (or correlated) with its Non Current Assets Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Assets Total has no effect on the direction of Total Current Liabilities i.e., Toughbuilt Industries' Total Current Liabilities and Non Current Assets Total go up and down completely randomly.

Correlation Coefficient

0.94

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Total Current Liabilities

Total Current Liabilities is an item on Toughbuilt Industries balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Toughbuilt Industries 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.

Non Current Assets Total

The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.

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

Click cells to compare fundamentals

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

Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Toughbuilt Industries in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Toughbuilt Industries' short interest history, or implied volatility extrapolated from Toughbuilt Industries options trading.

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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 Portfolio Analyzer module to portfolio analysis module that provides access to portfolio diagnostics and optimization engine.

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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 Total Current Liabilities vs Non Current Assets Total Analysis

Total Current Liabilities vs Non Current Assets Total

Total Current Liabilities vs Non Current Assets Total Correlation Analysis

Correlation Coefficient

Total Current Liabilities

Non Current Assets Total

Toughbuilt Industries fundamental ratios Correlations

Toughbuilt Industries Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Toughbuilt Industries fundamental ratios Accounts

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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