Toro Accounts Payable vs Total Current Liabilities Analysis
| TORO Stock | 4.65 0.03 0.64% |
Toro financial indicator trend analysis is much more than just breaking down Toro prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Toro is a good investment. Please check the relationship between Toro Accounts Payable and its Total Current Liabilities accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Toro. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area. To learn how to invest in Toro Stock, please use our How to Invest in Toro guide.
Accounts Payable vs Total Current Liabilities
Accounts Payable vs Total Current Liabilities Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Toro Accounts Payable account and Total Current Liabilities. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Toro's Accounts Payable and Total Current Liabilities is 0.85. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of Toro, assuming nothing else is changed. The correlation between historical values of Toro's Accounts Payable 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 Accounts Payable of Toro 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 Accounts Payable i.e., Toro's Accounts Payable and Total Current Liabilities go up and down completely randomly.
Correlation Coefficient | 0.85 |
| Relationship Direction | Positive |
| Relationship Strength | Strong |
Accounts Payable
An accounting item on the balance sheet that represents Toro obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Toro are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.Total Current Liabilities
Total Current Liabilities is an item on Toro balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Toro 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 Toro's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Toro 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 Toro. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area. To learn how to invest in Toro Stock, please use our How to Invest in Toro guide.At this time, Toro's Tax Provision is very stable compared to the past year. As of the 28th of May 2024, Issuance Of Capital Stock is likely to grow to about 20.4 M, while Selling General Administrative is likely to drop about 3.1 M.
| 2010 | 2022 | 2023 | 2024 (projected) | Depreciation And Amortization | 3.8M | 7.3M | 7.4M | 6.8M | Interest Income | 652.0 | 202.6K | 2.9M | 3.1M |
Toro fundamental ratios Correlations
Click cells to compare fundamentals
Toro Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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Try AI Portfolio ArchitectCheck out World Market Map to better understand how to build diversified portfolios, which includes a position in Toro. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area. To learn how to invest in Toro Stock, please use our How to Invest in Toro guide.You can also try the Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.
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When running Toro's price analysis, check to measure Toro'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 Toro is operating at the current time. Most of Toro's value examination focuses on studying past and present price action to predict the probability of Toro's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Toro's price. Additionally, you may evaluate how the addition of Toro to your portfolios can decrease your overall portfolio volatility.
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Is Toro'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 Toro. If investors know Toro 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 Toro 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 0.44 | Earnings Share 3.63 | Revenue Per Share 3.102 | Quarterly Revenue Growth (0.78) | Return On Assets 0.0395 |
The market value of Toro is measured differently than its book value, which is the value of Toro that is recorded on the company's balance sheet. Investors also form their own opinion of Toro's value that differs from its market value or its book value, called intrinsic value, which is Toro'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 Toro's market value can be influenced by many factors that don't directly affect Toro'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 Toro's value and its price as these two are different measures arrived at by different means. Investors typically determine if Toro is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Toro'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.