Teamlease Total Current Liabilities vs Other Stockholder Equity Analysis

TEAMLEASE   2,909  58.80  2.06%   
Teamlease Services financial indicator trend analysis is much more than just breaking down Teamlease Services prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Teamlease Services is a good investment. Please check the relationship between Teamlease Services Total Current Liabilities and its Other Stockholder Equity accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Teamlease Services Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

Total Current Liabilities vs Other Stockholder Equity

Total Current Liabilities vs Other Stockholder Equity Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Teamlease Services Total Current Liabilities account and Other Stockholder Equity. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Teamlease Services' Total Current Liabilities and Other Stockholder Equity is 0.5. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Other Stockholder Equity in the same time period over historical financial statements of Teamlease Services Limited, assuming nothing else is changed. The correlation between historical values of Teamlease Services' Total Current Liabilities and Other Stockholder Equity is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Current Liabilities of Teamlease Services Limited are associated (or correlated) with its Other Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Stockholder Equity has no effect on the direction of Total Current Liabilities i.e., Teamlease Services' Total Current Liabilities and Other Stockholder Equity go up and down completely randomly.

Correlation Coefficient

0.5
Relationship DirectionPositive 
Relationship StrengthWeak

Total Current Liabilities

Total Current Liabilities is an item on Teamlease Services balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Teamlease Services Limited 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.

Other Stockholder Equity

Most indicators from Teamlease Services' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Teamlease Services 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 Teamlease Services Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.
The current year's Selling General Administrative is expected to grow to about 883.4 M, whereas Tax Provision is forecasted to decline to about 33.7 M.
 2021 2022 2023 2024 (projected)
Gross Profit6.8B3.0B3.2B3.5B
Total Revenue64.8B78.7B93.2B47.8B

Teamlease Services fundamental ratios Correlations

0.730.991.00.990.81-0.160.910.880.640.960.930.821.00.940.650.970.370.410.561.00.980.420.910.80.9
0.730.710.750.680.930.240.80.860.350.740.680.490.730.630.530.790.260.040.280.760.680.850.730.450.81
0.990.710.990.980.78-0.110.910.880.580.960.930.780.990.930.660.950.360.440.550.990.960.390.870.810.89
1.00.750.990.980.81-0.140.910.890.630.960.90.791.00.930.630.970.370.390.51.00.970.440.90.760.9
0.990.680.980.980.77-0.190.910.860.630.960.950.820.980.960.690.940.390.460.650.970.960.370.910.850.88
0.810.930.780.810.77-0.020.90.920.550.770.720.70.80.70.580.880.130.120.290.830.80.690.760.470.92
-0.160.24-0.11-0.14-0.19-0.02-0.18-0.08-0.79-0.020.05-0.38-0.16-0.220.0-0.14-0.160.02-0.11-0.14-0.260.34-0.27-0.06-0.2
0.910.80.910.910.910.9-0.180.980.610.870.840.770.910.850.780.90.260.370.490.910.90.480.820.710.99
0.880.860.880.890.860.92-0.080.980.540.850.790.670.880.810.740.880.290.310.410.890.850.560.80.650.98
0.640.350.580.630.630.55-0.790.610.540.520.40.70.640.630.230.670.36-0.010.260.640.70.190.750.340.64
0.960.740.960.960.960.77-0.020.870.850.520.920.640.950.960.690.90.430.450.60.950.880.440.90.80.83
0.930.680.930.90.950.720.050.840.790.40.920.770.90.870.710.870.280.470.710.90.880.360.810.880.8
0.820.490.780.790.820.7-0.380.770.670.70.640.770.80.670.430.850.030.250.440.80.90.220.70.620.77
1.00.730.991.00.980.8-0.160.910.880.640.950.90.80.930.630.970.40.390.531.00.980.440.910.780.9
0.940.630.930.930.960.7-0.220.850.810.630.960.870.670.930.730.870.480.520.670.920.880.350.920.820.82
0.650.530.660.630.690.580.00.780.740.230.690.710.430.630.730.570.240.580.560.620.590.250.60.660.72
0.970.790.950.970.940.88-0.140.90.880.670.90.870.850.970.870.570.320.260.430.980.970.530.90.660.91
0.370.260.360.370.390.13-0.160.260.290.360.430.280.030.40.480.240.32-0.120.380.360.310.380.60.330.27
0.410.040.440.390.460.120.020.370.31-0.010.450.470.250.390.520.580.26-0.120.540.370.35-0.30.20.640.3
0.560.280.550.50.650.29-0.110.490.410.260.60.710.440.530.670.560.430.380.540.50.510.080.560.870.46
1.00.760.991.00.970.83-0.140.910.890.640.950.90.81.00.920.620.980.360.370.50.970.460.90.750.9
0.980.680.960.970.960.8-0.260.90.850.70.880.880.90.980.880.590.970.310.350.510.970.390.880.760.9
0.420.850.390.440.370.690.340.480.560.190.440.360.220.440.350.250.530.38-0.30.080.460.390.530.180.52
0.910.730.870.90.910.76-0.270.820.80.750.90.810.70.910.920.60.90.60.20.560.90.880.530.680.82
0.80.450.810.760.850.47-0.060.710.650.340.80.880.620.780.820.660.660.330.640.870.750.760.180.680.66
0.90.810.890.90.880.92-0.20.990.980.640.830.80.770.90.820.720.910.270.30.460.90.90.520.820.66
Click cells to compare fundamentals

Teamlease Services Account Relationship Matchups

Teamlease Services fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets12.6B13.1B15.4B17.7B19.4B10.9B
Short Long Term Debt Total1.2B228.5M598.3M1.0B1.0B1.1B
Other Current Liab4.1B3.9B4.9B5.5B6.5B3.7B
Total Current Liabilities5.7B5.5B6.9B7.6B9.3B4.8B
Total Stockholder Equity5.7B6.5B6.9B8.1B8.0B5.1B
Property Plant And Equipment Net535.3M317.8M401.4M878.0M801.9M842.0M
Net Debt594.3M(2.4B)(1.2B)(493.3M)(630.9M)(662.4M)
Retained Earnings3.1B3.9B4.2B5.4B6.3B6.6B
Accounts Payable378.2M287.8M419.2M447.9M616.6M647.4M
Cash642.4M2.6B1.8B1.5B1.7B1.1B
Non Current Assets Total6.9B4.8B5.5B6.7B7.1B4.2B
Non Currrent Assets Other4.2B3.3B3.9B6.0B4.6B3.4B
Cash And Short Term Investments701.9M3.6B3.1B5.3B4.2B2.5B
Net Receivables4.1B4.1B5.4B5.5B6.7B3.6B
Good Will1.3B1.6B1.8B1.7B1.7B1.1B
Liabilities And Stockholders Equity12.6B13.1B15.4B17.7B19.4B10.8B
Non Current Liabilities Total1.1B1.1B1.4B1.9B1.9B968.6M
Inventory908.0M601.5M1.3B(168.7M)1.00.95
Other Current Assets765.2M776.4M1.0B1.1B1.4B1.2B
Total Liab6.8B6.5B8.3B9.5B11.3B5.7B
Total Current Assets5.7B8.3B9.9B11.0B12.2B6.7B
Accumulated Other Comprehensive Income(223.7M)18.8M35.8M40.9M26.3M27.6M
Short Term Debt946.3M83.7M380.5M395.8M525M551.3M
Intangible Assets577.1M608.1M665.9M591.7M506.1M329.9M
Other Liab769.6M924.7M1.2B1.3B1.5B1.6B
Net Tangible Assets3.9B3.5B4.1B4.5B5.2B3.3B
Other Assets3.9B1.9B2.7B1.2B1.4B2.0B
Short Long Term Debt762.3M138K276.7M193.4M305.2M218.7M
Property Plant Equipment535.3M317.8M401.4M878.0M1.0B1.1B
Current Deferred Revenue4.1B4.7B5.6B4.0B2.8B3.6B
Short Term Investments59.5M1.0B1.4B3.8B1.9B1.6B
Long Term Debt Total322.2M144.8M217.8M605.4M696.2M731.0M
Net Invested Capital6.5B6.5B7.2B8.3B8.3B7.3B

Also Currently Popular

Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.

Other Information on Investing in Teamlease Stock

Balance Sheet is a snapshot of the financial position of Teamlease Services at a specified time, usually calculated after every quarter, six months, or one year. Teamlease Services Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Teamlease Services 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 Teamlease currently owns. An asset can also be divided into two categories, current and non-current.