Triumph Non Current Assets Total vs Total Current Liabilities Analysis
TGI Stock | USD 14.66 0.13 0.88% |
Triumph financial indicator trend analysis is much more than just breaking down Triumph Group prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Triumph Group is a good investment. Please check the relationship between Triumph Non Current Assets Total and its Total Current Liabilities accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Triumph Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price.
Non Current Assets Total vs Total Current Liabilities
Non Current Assets Total vs Total Current Liabilities Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Triumph Group Non Current Assets Total account and Total Current Liabilities. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Triumph's Non Current Assets Total and Total Current Liabilities is 0.55. Overlapping area represents the amount of variation of Non Current Assets Total that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of Triumph Group, assuming nothing else is changed. The correlation between historical values of Triumph's Non Current Assets 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 Non Current Assets Total of Triumph Group 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 Non Current Assets Total i.e., Triumph's Non Current Assets Total and Total Current Liabilities go up and down completely randomly.
Correlation Coefficient | 0.55 |
Relationship Direction | Positive |
Relationship Strength | Weak |
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.Total Current Liabilities
Total Current Liabilities is an item on Triumph balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Triumph Group 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 Triumph's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Triumph Group 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 Triumph Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price. The Triumph's current Tax Provision is estimated to increase to about 5.8 M, while Selling General Administrative is projected to decrease to under 189.6 M.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 386.9M | 387.5M | 445.7M | 402.1M | Total Revenue | 1.5B | 1.4B | 1.6B | 1.9B |
Triumph fundamental ratios Correlations
Click cells to compare fundamentals
Triumph Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Triumph fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 3.0B | 2.5B | 1.8B | 1.7B | 2.0B | 2.4B | |
Short Long Term Debt Total | 1.9B | 2.0B | 1.6B | 1.7B | 1.9B | 2.0B | |
Other Current Liab | 214.3M | 329.3M | 264.9M | 151.3M | 174.1M | 151.4M | |
Total Current Liabilities | 987.8M | 718.4M | 601.5M | 396.9M | 456.5M | 506.0M | |
Total Stockholder Equity | (781.3M) | (818.9M) | (787.4M) | (797.4M) | (717.7M) | (681.8M) | |
Property Plant And Equipment Net | 418.1M | 211.4M | 169.1M | 166.8M | 191.8M | 182.2M | |
Net Debt | 1.4B | 1.4B | 1.3B | 1.5B | 1.7B | 1.8B | |
Retained Earnings | (803.5M) | (1.3B) | (1.3B) | (1.2B) | (1.1B) | (1.0B) | |
Accounts Payable | 457.7M | 179.5M | 161.5M | 197.9M | 227.6M | 199.6M | |
Cash | 485.5M | 589.9M | 240.9M | 227.4M | 261.5M | 274.6M | |
Non Current Assets Total | 1.4B | 896.5M | 798.1M | 781.3M | 898.5M | 1.5B | |
Non Currrent Assets Other | 105.1M | 61.0M | 30.5M | 23.9M | 21.5M | 22.6M | |
Cash And Short Term Investments | 485.5M | 589.9M | 240.9M | 227.4M | 261.5M | 274.6M | |
Net Receivables | 603.9M | 328.7M | 280.5M | 299.8M | 344.8M | 285.8M | |
Common Stock Shares Outstanding | 50.5M | 52.7M | 64.5M | 71.7M | 82.5M | 42.9M | |
Liabilities And Stockholders Equity | 3.0B | 2.5B | 1.8B | 1.7B | 2.0B | 2.4B | |
Non Current Liabilities Total | 2.8B | 2.6B | 1.9B | 2.1B | 2.4B | 1.3B | |
Inventory | 453.0M | 400.4M | 361.7M | 389.2M | 447.6M | 538.3M | |
Other Current Assets | 19.3M | 235.5M | 80.0M | 17.1M | 19.6M | 18.6M | |
Other Stockholder Equity | 768.6M | 965.7M | 973.0M | 964.7M | 1.1B | 1.2B | |
Total Liab | 3.8B | 3.3B | 2.5B | 2.5B | 2.9B | 1.8B | |
Property Plant And Equipment Gross | 418.1M | 211.4M | 613.2M | 605.2M | 696.0M | 453.1M | |
Total Current Assets | 1.6B | 1.6B | 962.6M | 933.5M | 1.1B | 956.4M | |
Accumulated Other Comprehensive Income | (746.4M) | (530.2M) | (463.4M) | (554.6M) | (499.2M) | (474.2M) | |
Short Term Debt | 20.5M | 5.2M | 3.3M | 3.2M | 3.6M | 3.5M | |
Intangible Assets | 382.0M | 102.5M | 84.9M | 73.9M | 85.0M | 80.7M | |
Other Liab | 972.0M | 919.0M | 573.1M | 360.4M | 414.5M | 564.8M | |
Other Assets | 43.6M | 14.4M | 30.5M | 14.1M | 16.2M | 15.3M | |
Long Term Debt | 1.8B | 2.0B | 1.6B | 1.7B | 1.9B | 2.0B | |
Good Will | 513.5M | 521.6M | 513.7M | 509.4M | 585.9M | 818.0M | |
Treasury Stock | (159.2M) | (36.2M) | (12.6M) | (96K) | (86.4K) | (90.7K) | |
Property Plant Equipment | 418.1M | 258.0M | 169.1M | 166.8M | 191.8M | 182.2M | |
Current Deferred Revenue | 295.3M | 204.4M | 171.8M | 44.5M | 51.2M | 48.6M | |
Net Tangible Assets | (1.7B) | (1.4B) | (1.4B) | (1.4B) | (1.2B) | (1.3B) | |
Retained Earnings Total Equity | (830.5M) | (1.3B) | (1.3B) | (1.2B) | (1.1B) | (1.0B) | |
Long Term Debt Total | 1.8B | 2.0B | 1.6B | 1.7B | 1.9B | 1.6B | |
Capital Surpluse | 804.8M | 978.3M | 973.1M | 964.7M | 1.1B | 961.0M |
Currently Active Assets on Macroaxis
When determining whether Triumph Group offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Triumph's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Triumph Group Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Triumph Group Stock:Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Triumph Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price. Note that the Triumph Group information on this page should be used as a complementary analysis to other Triumph's 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 Sign In To Macroaxis module to sign in to explore Macroaxis' wealth optimization platform and fintech modules.
Complementary Tools for Triumph Stock analysis
When running Triumph's price analysis, check to measure Triumph'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 Triumph is operating at the current time. Most of Triumph's value examination focuses on studying past and present price action to predict the probability of Triumph's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Triumph's price. Additionally, you may evaluate how the addition of Triumph to your portfolios can decrease your overall portfolio volatility.
Portfolio Volatility Check portfolio volatility and analyze historical return density to properly model market risk | |
Positions Ratings Determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
Portfolio File Import Quickly import all of your third-party portfolios from your local drive in csv format | |
Piotroski F Score Get Piotroski F Score based on the binary analysis strategy of nine different fundamentals | |
Balance Of Power Check stock momentum by analyzing Balance Of Power indicator and other technical ratios |
Is Triumph'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 Triumph. If investors know Triumph 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 Triumph 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 (0.31) | Earnings Share (0.72) | Revenue Per Share 19.77 | Quarterly Revenue Growth 0.089 | Return On Assets 0.0552 |
The market value of Triumph Group is measured differently than its book value, which is the value of Triumph that is recorded on the company's balance sheet. Investors also form their own opinion of Triumph's value that differs from its market value or its book value, called intrinsic value, which is Triumph'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 Triumph's market value can be influenced by many factors that don't directly affect Triumph'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 Triumph's value and its price as these two are different measures arrived at by different means. Investors typically determine if Triumph is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Triumph'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.