ITP Long Term Debt vs Current Deferred Revenue Analysis

ITP Stock

USD 0.23 0 2.09%

IT Tech financial indicator trend analysis is infinitely more than just investigating IT Tech Packaging recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether IT Tech Packaging is a good investment. Please check the relationship between IT Tech Long Term Debt and its Current Deferred Revenue accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in IT Tech Packaging. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

Long Term Debt vs Current Deferred Revenue

Long Term Debt vs Current Deferred Revenue Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of IT Tech Packaging Long Term Debt account and Current Deferred Revenue. At this time, the significance of the direction appears to have strong contrarian relationship.

The correlation between IT Tech's Long Term Debt and Current Deferred Revenue is -0.7. Overlapping area represents the amount of variation of Long Term Debt that can explain the historical movement of Current Deferred Revenue in the same time period over historical financial statements of IT Tech Packaging, assuming nothing else is changed. The correlation between historical values of IT Tech's Long Term Debt and Current Deferred Revenue 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 IT Tech Packaging are associated (or correlated) with its Current Deferred Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Current Deferred Revenue has no effect on the direction of Long Term Debt i.e., IT Tech's Long Term Debt and Current Deferred Revenue go up and down completely randomly.

Correlation Coefficient

-0.7

Relationship Direction	Negative
Relationship Strength	Weak

View All Relationships

Long Term Debt

Long-term debt is a debt that IT Tech Packaging has held for over one year. Long-term debt appears on IT Tech Packaging 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 IT Tech Packaging 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.

Current Deferred Revenue

Revenue that has been collected but not yet earned, typically from prepaid service contracts or subscriptions. This amount is considered a liability until the service is provided or the subscription period ends.

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

At this time, IT Tech's Tax Provision is relatively stable compared to the past year. As of 12/11/2024, Sales General And Administrative To Revenue is likely to grow to 0.09, while Selling General Administrative is likely to drop slightly above 6.7 M.

	2021	2022	2023	2024 (projected)
Total Revenue	160.9M	100.4M	86.5M	120.2M
Depreciation And Amortization	15.4M	14.8M	14.2M	10.9M

Total Revenue Depreciation And Amortization

IT Tech fundamental ratios Correlations

	Total Assets	Total Stockholder Equity	Retained Earnings	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Common Stock Total Equity	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Stockholder Equity	Total Liab	Common Stock	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Property Plant And Equipment Net	Net Debt	Accounts Payable	Cash	Cash And Short Term Investments	Net Receivables	Inventory	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Long Term Debt
Total Assets		0.97	0.92	0.98	0.0	0.16	0.61	0.21	0.59	0.52	0.73	0.35	0.51	0.2	0.6	0.88	0.41	-0.16	0.28	0.28	0.18	0.15	0.66	0.51	0.61	0.26
Total Stockholder Equity	0.97		0.92	0.93	-0.04	0.24	0.72	0.29	0.4	0.6	0.55	0.44	0.29	0.24	0.4	0.78	0.19	-0.3	0.4	0.4	0.32	0.09	0.61	0.59	0.42	0.1
Retained Earnings	0.92	0.92		0.94	0.14	0.24	0.54	0.06	0.5	0.38	0.6	0.3	0.39	0.14	0.44	0.81	0.32	-0.29	0.22	0.22	0.1	-0.03	0.51	0.3	0.48	0.08
Non Current Assets Total	0.98	0.93	0.94		0.05	0.19	0.54	0.11	0.67	0.42	0.78	0.26	0.58	0.17	0.65	0.93	0.51	-0.12	0.11	0.11	0.06	0.11	0.61	0.32	0.66	0.31
Non Currrent Assets Other	0.0	-0.04	0.14	0.05		0.14	-0.52	-0.87	0.22	-0.78	0.13	0.13	0.24	-0.76	0.09	0.01	0.32	0.23	-0.07	-0.07	-0.64	0.02	-0.26	-0.18	0.21	0.16
Other Assets	0.16	0.24	0.24	0.19	0.14		0.41	-0.06	-0.19	0.04	-0.14	0.39	-0.2	0.0	-0.15	0.11	-0.18	-0.17	0.05	0.05	0.08	-0.41	-0.55	-0.06	-0.12	-0.16
Common Stock Total Equity	0.61	0.72	0.54	0.54	-0.52	0.41		0.71	-0.11	0.83	0.07	0.31	-0.2	0.59	0.03	0.38	-0.25	-0.41	0.36	0.36	0.73	-0.2	0.39	0.52	-0.06	-0.16
Common Stock Shares Outstanding	0.21	0.29	0.06	0.11	-0.87	-0.06	0.71		-0.23	0.92	-0.11	0.01	-0.27	0.71	-0.11	-0.02	-0.39	-0.33	0.32	0.32	0.88	-0.14	0.42	0.51	-0.19	-0.19
Non Current Liabilities Total	0.59	0.4	0.5	0.67	0.22	-0.19	-0.11	-0.23		-0.05	0.93	-0.09	0.94	-0.13	0.82	0.77	0.92	0.24	-0.37	-0.37	-0.42	0.29	0.49	-0.08	0.87	0.65
Other Stockholder Equity	0.52	0.6	0.38	0.42	-0.78	0.04	0.83	0.92	-0.05		0.1	0.22	-0.14	0.73	0.05	0.3	-0.28	-0.39	0.42	0.42	0.81	-0.02	0.52	0.62	-0.03	-0.12
Total Liab	0.73	0.55	0.6	0.78	0.13	-0.14	0.07	-0.11	0.93	0.1		-0.01	0.94	0.02	0.95	0.87	0.88	0.28	-0.16	-0.16	-0.26	0.25	0.58	0.09	0.95	0.62
Common Stock	0.35	0.44	0.3	0.26	0.13	0.39	0.31	0.01	-0.09	0.22	-0.01		-0.09	-0.01	0.0	0.27	-0.14	-0.13	0.42	0.42	0.1	-0.06	0.01	0.56	0.01	-0.13
Short Long Term Debt Total	0.51	0.29	0.39	0.58	0.24	-0.2	-0.2	-0.27	0.94	-0.14	0.94	-0.09		-0.21	0.93	0.72	0.97	0.45	-0.32	-0.32	-0.45	0.23	0.44	-0.09	0.97	0.61
Other Current Liab	0.2	0.24	0.14	0.17	-0.76	0.0	0.59	0.71	-0.13	0.73	0.02	-0.01	-0.21		0.04	0.14	-0.3	-0.35	0.13	0.13	0.66	-0.29	0.26	0.19	-0.17	-0.01
Total Current Liabilities	0.6	0.4	0.44	0.65	0.09	-0.15	0.03	-0.11	0.82	0.05	0.95	0.0	0.93	0.04		0.77	0.87	0.43	-0.15	-0.15	-0.25	0.16	0.52	0.07	0.96	0.6
Property Plant And Equipment Net	0.88	0.78	0.81	0.93	0.01	0.11	0.38	-0.02	0.77	0.3	0.87	0.27	0.72	0.14	0.77		0.67	0.04	-0.08	-0.08	-0.17	0.22	0.55	0.16	0.76	0.4
Net Debt	0.41	0.19	0.32	0.51	0.32	-0.18	-0.25	-0.39	0.92	-0.28	0.88	-0.14	0.97	-0.3	0.87	0.67		0.48	-0.5	-0.5	-0.58	0.19	0.37	-0.24	0.91	0.62
Accounts Payable	-0.16	-0.3	-0.29	-0.12	0.23	-0.17	-0.41	-0.33	0.24	-0.39	0.28	-0.13	0.45	-0.35	0.43	0.04	0.48		-0.28	-0.28	-0.38	0.0	-0.06	-0.23	0.45	0.59
Cash	0.28	0.4	0.22	0.11	-0.07	0.05	0.36	0.32	-0.37	0.42	-0.16	0.42	-0.32	0.13	-0.15	-0.08	-0.5	-0.28		1.0	0.58	0.15	0.15	0.81	-0.14	-0.27
Cash And Short Term Investments	0.28	0.4	0.22	0.11	-0.07	0.05	0.36	0.32	-0.37	0.42	-0.16	0.42	-0.32	0.13	-0.15	-0.08	-0.5	-0.28	1.0		0.58	0.15	0.15	0.81	-0.14	-0.27
Net Receivables	0.18	0.32	0.1	0.06	-0.64	0.08	0.73	0.88	-0.42	0.81	-0.26	0.1	-0.45	0.66	-0.25	-0.17	-0.58	-0.38	0.58	0.58		-0.32	0.28	0.61	-0.34	-0.23
Inventory	0.15	0.09	-0.03	0.11	0.02	-0.41	-0.2	-0.14	0.29	-0.02	0.25	-0.06	0.23	-0.29	0.16	0.22	0.19	0.0	0.15	0.15	-0.32		0.27	0.23	0.21	0.14
Property Plant And Equipment Gross	0.66	0.61	0.51	0.61	-0.26	-0.55	0.39	0.42	0.49	0.52	0.58	0.01	0.44	0.26	0.52	0.55	0.37	-0.06	0.15	0.15	0.28	0.27		0.5	0.47	0.24
Total Current Assets	0.51	0.59	0.3	0.32	-0.18	-0.06	0.52	0.51	-0.08	0.62	0.09	0.56	-0.09	0.19	0.07	0.16	-0.24	-0.23	0.81	0.81	0.61	0.23	0.5		0.06	-0.06
Short Term Debt	0.61	0.42	0.48	0.66	0.21	-0.12	-0.06	-0.19	0.87	-0.03	0.95	0.01	0.97	-0.17	0.96	0.76	0.91	0.45	-0.14	-0.14	-0.34	0.21	0.47	0.06		0.57
Long Term Debt	0.26	0.1	0.08	0.31	0.16	-0.16	-0.16	-0.19	0.65	-0.12	0.62	-0.13	0.61	-0.01	0.6	0.4	0.62	0.59	-0.27	-0.27	-0.23	0.14	0.24	-0.06	0.57

Click cells to compare fundamentals

IT Tech Account Relationship Matchups

IT Tech fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	190.2M	199.9M	241.5M	204.4M	194.7M	172.1M
Total Stockholder Equity	166.0M	175.1M	215.7M	181.3M	168.3M	141.7M
Retained Earnings	114.8M	109.2M	110.1M	93.6M	83.6M	82.9M
Non Current Assets Total	166.2M	185.0M	186.0M	157.3M	166.4M	147.8M
Non Currrent Assets Other	2.6M	2.6M	(12.8M)	(17.1M)	(79.6M)	(75.6M)
Other Assets	14.5M	163.8M	57.1M	1.0M	1.2M	1.1M
Common Stock Shares Outstanding	2.2M	2.6M	6.0M	10.0M	10.1M	10.6M
Liabilities And Stockholders Equity	190.2M	199.9M	241.5M	204.4M	194.7M	172.1M
Non Current Liabilities Total	7.4M	6.5M	5.4M	5.5M	5.0M	9.7M
Other Stockholder Equity	51.2M	54.0M	88.9M	89.2M	102.5M	107.7M
Total Liab	24.2M	24.8M	25.8M	23.1M	26.4M	30.4M
Common Stock	22.7K	28.5K	99.1K	10.1K	11.6K	11.0K
Short Long Term Debt Total	15.1M	16.6M	16.1M	15.4M	12.4M	24.3M
Other Current Liab	8.7M	6.1M	7.4M	7.0M	13.8M	14.5M
Total Current Liabilities	16.8M	18.3M	20.4M	17.6M	21.4M	21.9M
Property Plant And Equipment Net	141.4M	156.2M	172.3M	97.5M	164.5M	141.5M
Net Debt	9.3M	12.4M	4.9M	5.9M	8.5M	8.0M
Accounts Payable	250.5K	592.4K	10.3K	5.0K	5.0K	4.7K
Cash	5.8M	4.1M	11.2M	9.5M	3.9M	6.0M
Cash And Short Term Investments	5.8M	4.1M	11.2M	9.5M	3.9M	6.0M
Net Receivables	10.6M	8.3M	12.7M	21.2M	14.8M	15.6M
Inventory	1.6M	1.2M	5.8M	2.9M	9.0M	4.9M
Property Plant And Equipment Gross	151.6M	21.1M	172.3M	232.4M	227.4M	148.9M
Total Current Assets	24.0M	14.9M	55.5M	47.2M	28.4M	25.7M
Accumulated Other Comprehensive Income	23.0K	11.8M	16.6M	(1.4M)	(4.5M)	(4.3M)
Short Term Debt	7.8M	11.6M	13.0M	10.7M	7.5M	14.6M
Long Term Debt	7.4M	4.6M	3.0M	4.2M	4.5M	5.0M
Other Current Assets	552.0K	1.2M	885.0K	584.5K	598.0K	619.1K
Property Plant Equipment	151.6M	147.5M	128.9M	154.2M	177.3M	149.9M
Intangible Assets	11.7M	12.5M	12.8M	57.7M	81.5M	85.6M
Net Tangible Assets	166.0M	175.1M	215.7M	181.3M	208.5M	188.4M
Retained Earnings Total Equity	123.1M	112.6M	114.8M	109.2M	125.6M	92.2M
Long Term Debt Total	7.4M	5.0M	3.1M	4.8M	4.3M	4.4M
Capital Surpluse	51.2M	54.0M	88.9M	89.2M	102.5M	62.6M
Non Current Liabilities Other	10.7M	2.2M	7.4M	5.0M	4.5M	5.9M

Pair Trading with IT Tech

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 IT Tech 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 IT Tech will appreciate offsetting losses from the drop in the long position's value.

Moving together with ITP Stock

0.63

MAGN

Magnera Corp placeholder Symbol Change

Pair Corr

Moving against ITP Stock

0.55	WS	Worthington Steel Earnings Call Next Week	Pair Corr
0.41	SUZ	Suzano Papel e Sell-off Trend	Pair Corr
0.41	RS	Reliance Steel Aluminum	Pair Corr

The ability to find closely correlated positions to IT Tech could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace IT Tech 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 IT Tech - 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 IT Tech Packaging to buy it.

The correlation of IT Tech 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 IT Tech moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if IT Tech Packaging 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 IT Tech 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 ITP Stock Analysis

When running IT Tech's price analysis, check to measure IT Tech'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 IT Tech is operating at the current time. Most of IT Tech's value examination focuses on studying past and present price action to predict the probability of IT Tech's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move IT Tech's price. Additionally, you may evaluate how the addition of IT Tech to your portfolios can decrease your overall portfolio volatility.

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