Toughbuilt Total Stockholder Equity vs Net Invested Capital Analysis

TBLT Stock

USD 3.01 0.23 8.27%

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 Stockholder Equity and its Net Invested Capital 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 closely tied 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 Stockholder Equity vs Net Invested Capital

Total Stockholder Equity vs Net Invested Capital Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Toughbuilt Industries Total Stockholder Equity account and Net Invested Capital. At this time, the significance of the direction appears to have totally related.

The correlation between Toughbuilt Industries' Total Stockholder Equity and Net Invested Capital is 0.99. Overlapping area represents the amount of variation of Total Stockholder Equity that can explain the historical movement of Net Invested Capital 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 Stockholder Equity and Net Invested Capital 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 Stockholder Equity of Toughbuilt Industries are associated (or correlated) with its Net Invested Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Invested Capital has no effect on the direction of Total Stockholder Equity i.e., Toughbuilt Industries' Total Stockholder Equity and Net Invested Capital go up and down completely randomly.

Correlation Coefficient

0.99

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Total Stockholder Equity

The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.

Net Invested Capital

The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.

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 closely tied 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 together with Toughbuilt Stock

0.64	AS	Amer Sports	Pair Corr
0.66	RL	Ralph Lauren Corp	Pair Corr
0.89	UA	Under Armour C Sell-off Trend	Pair Corr

Moving against Toughbuilt Stock

0.64	DOOO	BRP Inc	Pair Corr
0.49	HAS	Hasbro Inc	Pair Corr
0.44	VSTO	Vista Outdoor	Pair Corr
0.43	HWH	HWH International Symbol Change	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

Additional Tools for Toughbuilt Stock Analysis

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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