Olympic Long Term Debt vs Common Stock Analysis

603920 Stock

30.78 0.13 0.42%

Olympic Circuit financial indicator trend analysis is much more than just breaking down Olympic Circuit Tech prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Olympic Circuit Tech is a good investment. Please check the relationship between Olympic Circuit Long Term Debt and its Common Stock accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Olympic Circuit Technology. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Long Term Debt vs Common Stock

Long Term Debt vs Common Stock Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Olympic Circuit Tech Long Term Debt account and Common Stock. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Olympic Circuit's Long Term Debt and Common Stock is 0.82. Overlapping area represents the amount of variation of Long Term Debt that can explain the historical movement of Common Stock in the same time period over historical financial statements of Olympic Circuit Technology, assuming nothing else is changed. The correlation between historical values of Olympic Circuit's Long Term Debt and Common Stock is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Long Term Debt of Olympic Circuit Technology are associated (or correlated) with its Common Stock. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock has no effect on the direction of Long Term Debt i.e., Olympic Circuit's Long Term Debt and Common Stock go up and down completely randomly.

Correlation Coefficient

0.82

Relationship Direction	Positive
Relationship Strength	Strong

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Long Term Debt

Long-term debt is a debt that Olympic Circuit Tech has held for over one year. Long-term debt appears on Olympic Circuit Technology balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on Olympic Circuit Technology balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.

Common Stock

Most indicators from Olympic Circuit's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Olympic Circuit Tech 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Olympic Circuit Technology. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

As of December 20, 2024, Tax Provision is expected to decline to about 50.6 M. In addition to that, Selling General Administrative is expected to decline to about 133.3 M

	2021	2022	2023	2024 (projected)
Gross Profit	580.3M	834.6M	963.7M	697.4M
Total Revenue	3.8B	4.4B	4.5B	3.2B

Gross Profit Total Revenue

Olympic Circuit fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Long Term Debt	Net Receivables	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Short Long Term Debt	Total Current Assets	Non Current Liabilities Other	Intangible Assets	Common Stock	Property Plant Equipment	Common Stock Shares Outstanding
Total Assets		0.2	0.96	0.94	0.9	0.92	0.92	0.95	0.96	0.97	-0.04	0.52	0.86	0.99	0.86	0.95	0.38	0.78	0.95	0.74	0.98	-0.89	0.97	0.99	0.93	0.91
Other Current Liab	0.2		0.35	0.19	-0.01	0.23	0.27	0.03	0.3	0.11	-0.06	0.06	-0.01	0.15	-0.07	0.3	0.85	-0.1	0.19	0.45	0.25	-0.27	0.2	0.13	0.06	0.04
Total Current Liabilities	0.96	0.35		0.85	0.9	0.83	0.88	0.92	0.96	0.95	-0.21	0.35	0.88	0.97	0.86	0.96	0.44	0.8	0.97	0.79	0.94	-0.8	0.95	0.93	0.93	0.91
Total Stockholder Equity	0.94	0.19	0.85		0.77	1.0	0.97	0.81	0.93	0.85	0.15	0.67	0.76	0.88	0.68	0.81	0.48	0.58	0.78	0.73	0.96	-0.99	0.9	0.92	0.84	0.73
Other Liab	0.9	-0.01	0.9	0.77		0.72	0.77	0.92	0.85	0.92	-0.23	0.3	0.93	0.93	0.98	0.9	0.08	0.96	0.93	0.63	0.85	-0.7	0.89	0.88	0.98	0.97
Net Tangible Assets	0.92	0.23	0.83	1.0	0.72		0.96	0.78	0.92	0.82	0.18	0.69	0.72	0.85	0.63	0.79	0.53	0.53	0.75	0.73	0.95	-0.99	0.88	0.9	0.8	0.69
Retained Earnings	0.92	0.27	0.88	0.97	0.77	0.96		0.8	0.96	0.84	-0.01	0.54	0.81	0.88	0.67	0.8	0.56	0.57	0.78	0.81	0.94	-0.96	0.92	0.88	0.86	0.71
Accounts Payable	0.95	0.03	0.92	0.81	0.92	0.78	0.8		0.91	0.95	-0.17	0.37	0.85	0.98	0.91	0.92	0.14	0.87	0.97	0.57	0.9	-0.72	0.93	0.96	0.91	0.95
Cash	0.96	0.3	0.96	0.93	0.85	0.92	0.96	0.91		0.9	-0.09	0.47	0.83	0.95	0.77	0.89	0.48	0.7	0.89	0.76	0.97	-0.9	0.95	0.95	0.9	0.83
Non Current Assets Total	0.97	0.11	0.95	0.85	0.92	0.82	0.84	0.95	0.9		-0.22	0.35	0.9	0.99	0.9	0.94	0.3	0.82	0.97	0.68	0.9	-0.79	0.97	0.95	0.93	0.94
Non Currrent Assets Other	-0.04	-0.06	-0.21	0.15	-0.23	0.18	-0.01	-0.17	-0.09	-0.22		0.81	-0.26	-0.16	-0.23	-0.1	-0.04	-0.28	-0.22	0.02	0.09	-0.16	-0.2	0.01	-0.24	-0.22
Other Assets	0.52	0.06	0.35	0.67	0.3	0.69	0.54	0.37	0.47	0.35	0.81		0.26	0.41	0.26	0.44	0.22	0.17	0.32	0.42	0.62	-0.66	0.4	0.54	0.31	0.3
Long Term Debt	0.86	-0.01	0.88	0.76	0.93	0.72	0.81	0.85	0.83	0.9	-0.26	0.26		0.88	0.88	0.82	0.18	0.82	0.87	0.79	0.81	-0.7	0.87	0.82	0.94	0.88
Net Receivables	0.99	0.15	0.97	0.88	0.93	0.85	0.88	0.98	0.95	0.99	-0.16	0.41	0.88		0.9	0.96	0.3	0.84	0.98	0.68	0.95	-0.82	0.98	0.98	0.94	0.95
Non Current Liabilities Total	0.86	-0.07	0.86	0.68	0.98	0.63	0.67	0.91	0.77	0.9	-0.23	0.26	0.88	0.9		0.9	-0.03	0.99	0.92	0.53	0.8	-0.61	0.84	0.84	0.94	0.99
Inventory	0.95	0.3	0.96	0.81	0.9	0.79	0.8	0.92	0.89	0.94	-0.1	0.44	0.82	0.96	0.9		0.35	0.84	0.98	0.7	0.92	-0.76	0.92	0.93	0.89	0.95
Other Current Assets	0.38	0.85	0.44	0.48	0.08	0.53	0.56	0.14	0.48	0.3	-0.04	0.22	0.18	0.3	-0.03	0.35		-0.13	0.25	0.61	0.42	-0.57	0.42	0.29	0.22	0.08
Other Stockholder Equity	0.78	-0.1	0.8	0.58	0.96	0.53	0.57	0.87	0.7	0.82	-0.28	0.17	0.82	0.84	0.99	0.84	-0.13		0.88	0.43	0.72	-0.5	0.76	0.78	0.89	0.96
Total Liab	0.95	0.19	0.97	0.78	0.93	0.75	0.78	0.97	0.89	0.97	-0.22	0.32	0.87	0.98	0.92	0.98	0.25	0.88		0.67	0.89	-0.71	0.93	0.94	0.91	0.97
Short Long Term Debt	0.74	0.45	0.79	0.73	0.63	0.73	0.81	0.57	0.76	0.68	0.02	0.42	0.79	0.68	0.53	0.7	0.61	0.43	0.67		0.75	-0.73	0.7	0.67	0.69	0.58
Total Current Assets	0.98	0.25	0.94	0.96	0.85	0.95	0.94	0.9	0.97	0.9	0.09	0.62	0.81	0.95	0.8	0.92	0.42	0.72	0.89	0.75		-0.93	0.93	0.97	0.89	0.85
Non Current Liabilities Other	-0.89	-0.27	-0.8	-0.99	-0.7	-0.99	-0.96	-0.72	-0.9	-0.79	-0.16	-0.66	-0.7	-0.82	-0.61	-0.76	-0.57	-0.5	-0.71	-0.73	-0.93		-0.87	-0.85	-0.8	-0.66
Intangible Assets	0.97	0.2	0.95	0.9	0.89	0.88	0.92	0.93	0.95	0.97	-0.2	0.4	0.87	0.98	0.84	0.92	0.42	0.76	0.93	0.7	0.93	-0.87		0.94	0.93	0.89
Common Stock	0.99	0.13	0.93	0.92	0.88	0.9	0.88	0.96	0.95	0.95	0.01	0.54	0.82	0.98	0.84	0.93	0.29	0.78	0.94	0.67	0.97	-0.85	0.94		0.9	0.9
Property Plant Equipment	0.93	0.06	0.93	0.84	0.98	0.8	0.86	0.91	0.9	0.93	-0.24	0.31	0.94	0.94	0.94	0.89	0.22	0.89	0.91	0.69	0.89	-0.8	0.93	0.9		0.94
Common Stock Shares Outstanding	0.91	0.04	0.91	0.73	0.97	0.69	0.71	0.95	0.83	0.94	-0.22	0.3	0.88	0.95	0.99	0.95	0.08	0.96	0.97	0.58	0.85	-0.66	0.89	0.9	0.94

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Olympic Circuit Account Relationship Matchups

Olympic Circuit fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	3.5B	3.8B	6.0B	5.9B	6.3B	4.5B
Other Current Liab	179.7M	151.3M	378.0M	25.7K	29.5K	28.0K
Total Current Liabilities	837.9M	1.1B	1.8B	1.3B	1.6B	1.1B
Total Stockholder Equity	2.6B	2.7B	2.8B	3.0B	3.3B	2.8B
Other Liab	6.8M	25.0M	51.1M	173.4M	199.4M	209.4M
Net Tangible Assets	2.4B	2.5B	2.7B	2.7B	3.1B	2.5B
Retained Earnings	815.5M	914.6M	878.7M	790.4M	931.6M	834.4M
Accounts Payable	521.1M	457.8M	941.1M	1.0B	1.3B	715.0M
Cash	1.2B	1.2B	1.8B	1.2B	1.9B	1.3B
Non Current Assets Total	1.1B	1.5B	2.3B	2.8B	2.5B	1.7B
Non Currrent Assets Other	3.1M	2.7M	3.5M	849K	764.1K	725.9K
Other Assets	19.0M	23.7M	20.1M	26.9M	24.2M	21.3M
Long Term Debt	11.0M	4.8M	912.0M	1.0B	1.1B	1.1B
Net Receivables	715.9M	727.8M	1.2B	1.2B	1.3B	899.9M
Non Current Liabilities Total	29.8M	51.1M	1.1B	1.3B	1.2B	1.3B
Inventory	232.3M	218.0M	553.5M	461.4M	421.9M	336.4M
Other Current Assets	92.9M	107.0M	110.3M	34.8M	13.6M	12.9M
Other Stockholder Equity	4.5M	8.3M	(7.4M)	102.7M	118.1M	124.1M
Total Liab	867.6M	1.1B	2.9B	2.6B	2.8B	1.7B
Total Current Assets	2.3B	2.3B	3.7B	3.1B	3.8B	2.8B
Intangible Assets	41.2M	40.1M	54.1M	58.2M	56.7M	42.5M
Common Stock	409.3M	409.7M	409.5M	532.2M	612.1M	453.8M
Property Plant Equipment	961.4M	1.1B	1.4B	2.1B	2.5B	2.6B
Common Stock Shares Outstanding	409.7M	409.5M	532.2M	532.2M	537.6M	507.9M
Net Invested Capital	2.6B	3.0B	4.1B	4.2B	4.3B	3.6B
Net Working Capital	1.5B	1.3B	1.9B	1.7B	2.3B	1.9B
Capital Stock	409.7M	409.5M	532.2M	532.2M	537.6M	518.9M

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Other Information on Investing in Olympic Stock

Balance Sheet is a snapshot of the financial position of Olympic Circuit Tech at a specified time, usually calculated after every quarter, six months, or one year. Olympic Circuit Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Olympic Circuit and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Olympic currently owns. An asset can also be divided into two categories, current and non-current.

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Olympic Long Term Debt vs Common Stock Analysis

Long Term Debt vs Common Stock

Long Term Debt vs Common Stock Correlation Analysis

Correlation Coefficient

Long Term Debt

Common Stock

Olympic Circuit fundamental ratios Correlations

Olympic Circuit Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Olympic Circuit fundamental ratios Accounts

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Other Information on Investing in Olympic Stock

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Net Tangible Assets	+ 1.0	Total Stockholder Equity
Net Receivables	+ 0.99	Total Assets
Common Stock	+ 0.99	Total Assets
Net Receivables	+ 0.99	Non Current Assets Total
Other Stockholder Equity	+ 0.99	Non Current Liabilities Total
Common Stock Shares Outstanding	+ 0.99	Non Current Liabilities Total

Non Current Liabilities Other	- 0.99	Net Tangible Assets
Non Current Liabilities Other	- 0.99	Total Stockholder Equity
Non Current Liabilities Other	- 0.96	Retained Earnings
Non Current Liabilities Other	- 0.93	Total Current Assets
Non Current Liabilities Other	- 0.9	Cash
Non Current Liabilities Other	- 0.89	Total Assets