Taitron Long Term Debt vs Non Current Assets Total Analysis

TAIT Stock

USD 2.74 0.04 1.48%

Taitron Components financial indicator trend analysis is much more than just breaking down Taitron Components prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Taitron Components is a good investment. Please check the relationship between Taitron Components Long Term Debt and its Non Current Assets Total accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Taitron Components Incorporated. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

Long Term Debt vs Non Current Assets Total

Long Term Debt vs Non Current Assets Total Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Taitron Components Long Term Debt account and Non Current Assets Total. At this time, the significance of the direction appears to have weak relationship.

The correlation between Taitron Components' Long Term Debt and Non Current Assets Total is 0.37. Overlapping area represents the amount of variation of Long Term Debt that can explain the historical movement of Non Current Assets Total in the same time period over historical financial statements of Taitron Components Incorporated, assuming nothing else is changed. The correlation between historical values of Taitron Components' Long Term Debt and Non Current Assets Total 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 Taitron Components Incorporated are associated (or correlated) with its Non Current Assets Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Assets Total has no effect on the direction of Long Term Debt i.e., Taitron Components' Long Term Debt and Non Current Assets Total go up and down completely randomly.

Correlation Coefficient

0.37

Relationship Direction	Positive
Relationship Strength	Very Weak

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Long Term Debt

Long-term debt is a debt that Taitron Components has held for over one year. Long-term debt appears on Taitron Components Incorporated 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 Taitron Components Incorporated 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.

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.

Most indicators from Taitron Components' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Taitron Components 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 Taitron Components Incorporated. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

At this time, Taitron Components' Selling General Administrative is comparatively stable compared to the past year. Tax Provision is likely to gain to about 494.6 K in 2024, whereas Enterprise Value is likely to drop slightly above 14.1 M in 2024.

	2021	2022	2023	2024 (projected)
Interest Expense	306K	409K	368.1K	184.2K
Depreciation And Amortization	180K	135K	167K	202.0K

Interest Expense Depreciation And Amortization

Taitron Components fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Non Currrent Assets Other	Property Plant And Equipment Gross	Other Assets	Long Term Debt	Common Stock Total Equity
Total Assets		-0.18	0.35	-0.36	0.88	0.7	-0.1	0.95	-0.46	0.07	0.85	0.2	-0.63	0.13	0.29	0.5	0.53	0.52	-0.27	0.94	-0.15	-0.1	0.54	-0.13	0.3	-0.2
Short Long Term Debt Total	-0.18		-0.08	0.79	-0.51	-0.24	0.95	-0.01	0.66	-0.88	-0.29	-0.76	0.65	-0.7	0.55	0.54	-0.22	-0.89	0.94	-0.11	0.83	-0.25	-0.55	0.41	0.37	0.52
Other Current Liab	0.35	-0.08		0.2	0.33	0.02	-0.08	0.36	-0.06	0.06	0.26	0.16	-0.03	0.19	0.22	0.1	0.34	0.13	-0.02	0.33	0.16	0.01	0.42	-0.23	-0.5	-0.26
Total Current Liabilities	-0.36	0.79	0.2		-0.67	-0.58	0.67	-0.21	0.87	-0.57	-0.62	-0.44	0.81	-0.63	0.45	0.16	0.0	-0.89	0.92	-0.17	0.83	-0.13	-0.31	0.33	-0.16	0.17
Total Stockholder Equity	0.88	-0.51	0.33	-0.67		0.69	-0.39	0.79	-0.69	0.31	0.89	0.32	-0.77	0.56	0.06	0.33	0.37	0.79	-0.62	0.72	-0.46	-0.07	0.62	-0.25	0.21	-0.23
Property Plant And Equipment Net	0.7	-0.24	0.02	-0.58	0.69		-0.05	0.54	-0.52	-0.03	0.8	-0.08	-0.66	0.1	0.17	0.51	0.13	0.61	-0.41	0.56	-0.39	-0.13	0.03	-0.13	0.48	0.3
Net Debt	-0.1	0.95	-0.08	0.67	-0.39	-0.05		0.04	0.59	-0.98	-0.14	-0.88	0.6	-0.63	0.59	0.68	-0.28	-0.79	0.86	-0.1	0.79	-0.19	-0.56	0.3	0.47	0.68
Retained Earnings	0.95	-0.01	0.36	-0.21	0.79	0.54	0.04		-0.41	-0.04	0.76	0.14	-0.45	0.01	0.26	0.51	0.44	0.32	-0.14	0.92	0.07	-0.09	0.47	-0.13	0.25	-0.22
Accounts Payable	-0.46	0.66	-0.06	0.87	-0.69	-0.52	0.59	-0.41		-0.54	-0.72	-0.51	0.77	-0.46	0.54	0.19	0.0	-0.78	0.86	-0.28	0.64	-0.23	-0.35	0.35	0.02	0.32
Cash	0.07	-0.88	0.06	-0.57	0.31	-0.03	-0.98	-0.04	-0.54		0.05	0.93	-0.57	0.5	-0.6	-0.73	0.33	0.69	-0.77	0.12	-0.73	0.16	0.53	-0.22	-0.51	-0.76
Non Current Assets Total	0.85	-0.29	0.26	-0.62	0.89	0.8	-0.14	0.76	-0.72	0.05		0.12	-0.75	0.31	0.05	0.42	0.23	0.65	-0.49	0.63	-0.39	0.07	0.44	-0.23	0.37	-0.01
Cash And Short Term Investments	0.2	-0.76	0.16	-0.44	0.32	-0.08	-0.88	0.14	-0.51	0.93	0.12		-0.55	0.32	-0.57	-0.73	0.51	0.59	-0.65	0.29	-0.58	0.32	0.68	-0.27	-0.53	-0.9
Net Receivables	-0.63	0.65	-0.03	0.81	-0.77	-0.66	0.6	-0.45	0.77	-0.57	-0.75	-0.55		-0.45	0.24	0.06	-0.44	-0.87	0.73	-0.49	0.79	-0.05	-0.52	0.13	-0.22	0.35
Common Stock Shares Outstanding	0.13	-0.7	0.19	-0.63	0.56	0.1	-0.63	0.01	-0.46	0.5	0.31	0.32	-0.45		-0.18	-0.13	0.03	0.69	-0.68	-0.07	-0.63	-0.02	0.53	-0.24	-0.1	-0.21
Non Current Liabilities Total	0.29	0.55	0.22	0.45	0.06	0.17	0.59	0.26	0.54	-0.6	0.05	-0.57	0.24	-0.18		0.76	0.27	-0.3	0.6	0.31	0.41	-0.46	-0.05	0.1	0.49	0.43
Inventory	0.5	0.54	0.1	0.16	0.33	0.51	0.68	0.51	0.19	-0.73	0.42	-0.73	0.06	-0.13	0.76		-0.04	-0.16	0.4	0.4	0.4	-0.44	-0.21	0.2	0.68	0.63
Other Current Assets	0.53	-0.22	0.34	0.0	0.37	0.13	-0.28	0.44	0.0	0.33	0.23	0.51	-0.44	0.03	0.27	-0.04		0.29	-0.05	0.64	-0.14	0.01	0.69	-0.19	-0.01	-0.56
Other Stockholder Equity	0.52	-0.89	0.13	-0.89	0.79	0.61	-0.79	0.32	-0.78	0.69	0.65	0.59	-0.87	0.69	-0.3	-0.16	0.29		-0.92	0.38	-0.86	0.11	0.56	-0.33	-0.03	-0.33
Total Liab	-0.27	0.94	-0.02	0.92	-0.62	-0.41	0.86	-0.14	0.86	-0.77	-0.49	-0.65	0.73	-0.68	0.6	0.4	-0.05	-0.92		-0.14	0.84	-0.22	-0.43	0.4	0.22	0.38
Total Current Assets	0.94	-0.11	0.33	-0.17	0.72	0.56	-0.1	0.92	-0.28	0.12	0.63	0.29	-0.49	-0.07	0.31	0.4	0.64	0.38	-0.14		-0.02	-0.12	0.5	-0.07	0.17	-0.32
Short Term Debt	-0.15	0.83	0.16	0.83	-0.46	-0.39	0.79	0.07	0.64	-0.73	-0.39	-0.58	0.79	-0.63	0.41	0.4	-0.14	-0.86	0.84	-0.02		-0.13	-0.42	0.21	-0.01	0.28
Non Currrent Assets Other	-0.1	-0.25	0.01	-0.13	-0.07	-0.13	-0.19	-0.09	-0.23	0.16	0.07	0.32	-0.05	-0.02	-0.46	-0.44	0.01	0.11	-0.22	-0.12	-0.13		0.27	-0.21	-0.28	-0.34
Property Plant And Equipment Gross	0.54	-0.55	0.42	-0.31	0.62	0.03	-0.56	0.47	-0.35	0.53	0.44	0.68	-0.52	0.53	-0.05	-0.21	0.69	0.56	-0.43	0.5	-0.42	0.27		-0.34	-0.2	-0.7
Other Assets	-0.13	0.41	-0.23	0.33	-0.25	-0.13	0.3	-0.13	0.35	-0.22	-0.23	-0.27	0.13	-0.24	0.1	0.2	-0.19	-0.33	0.4	-0.07	0.21	-0.21	-0.34		0.18	0.21
Long Term Debt	0.3	0.37	-0.5	-0.16	0.21	0.48	0.47	0.25	0.02	-0.51	0.37	-0.53	-0.22	-0.1	0.49	0.68	-0.01	-0.03	0.22	0.17	-0.01	-0.28	-0.2	0.18		0.52
Common Stock Total Equity	-0.2	0.52	-0.26	0.17	-0.23	0.3	0.68	-0.22	0.32	-0.76	-0.01	-0.9	0.35	-0.21	0.43	0.63	-0.56	-0.33	0.38	-0.32	0.28	-0.34	-0.7	0.21	0.52

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Taitron Components Account Relationship Matchups

Taitron Components fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	13.6M	14.3M	17.1M	17.1M	18.0M	19.9M
Other Current Liab	322K	446K	924K	790K	969K	485.7K
Total Stockholder Equity	12.7M	13.2M	14.4M	16.1M	16.8M	14.8M
Property Plant And Equipment Net	3.4M	3.2M	3.1M	2.9M	3.0M	4.5M
Net Debt	(5.3M)	(6.5M)	(6.0M)	(5.2M)	(6.2M)	(5.9M)
Retained Earnings	1.7M	2.2M	3.3M	4.8M	5.4M	6.3M
Accounts Payable	462K	410K	1.8M	211K	194K	184.3K
Cash	5.3M	6.7M	6.0M	5.2M	6.2M	6.5M
Non Current Assets Total	3.6M	3.4M	3.2M	5.2M	5.2M	5.1M
Cash And Short Term Investments	5.3M	6.7M	7.5M	7.3M	9.8M	10.3M
Net Receivables	1.0M	639K	900K	683K	92K	87.4K
Common Stock Shares Outstanding	5.8M	5.9M	5.9M	6.0M	6.0M	4.7M
Liabilities And Stockholders Equity	13.6M	14.3M	17.1M	17.1M	18.0M	19.9M
Non Current Liabilities Total	462K	163K	1.8M	211K	137K	130.2K
Inventory	3.6M	3.5M	5.3M	3.9M	2.6M	2.5M
Other Current Assets	85K	92K	346K	148K	283K	286.9K
Other Stockholder Equity	11.0M	11.1M	11.2M	11.4M	11.5M	11.8M
Total Liab	784K	1.0M	2.7M	1.0M	1.2M	1.1M
Total Current Assets	10.0M	10.9M	13.9M	12.0M	12.8M	16.1M
Property Plant And Equipment Gross	3.4M	3.2M	7.5M	7.5M	7.8M	5.4M
Accumulated Other Comprehensive Income	38K	(66K)	(73K)	(58K)	(61K)	(64.1K)
Property Plant Equipment	3.7M	3.4M	3.2M	3.1M	2.7M	3.8M
Net Tangible Assets	12.6M	12.7M	13.2M	14.4M	12.9M	11.6M
Retained Earnings Total Equity	867K	1.7M	1.7M	2.2M	2.0M	2.9M
Capital Surpluse	10.7M	10.8M	11.0M	11.1M	12.7M	11.8M
Long Term Investments	403K	212K	205K	186K	167.4K	159.0K
Net Invested Capital	12.7M	13.4M	14.4M	16.1M	16.8M	15.5M
Net Working Capital	9.2M	10.0M	11.1M	11.0M	11.6M	11.0M

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