Triumph Non Current Assets Total vs Long Term Debt Analysis
TFINP Stock | 23.66 0.02 0.08% |
Triumph Financial financial indicator trend analysis is much more than just breaking down Triumph Financial prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Triumph Financial is a good investment. Please check the relationship between Triumph Financial Non Current Assets Total and its Long Term Debt accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Triumph Financial. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. To learn how to invest in Triumph Stock, please use our How to Invest in Triumph Financial guide.
Non Current Assets Total vs Long Term Debt
Non Current Assets Total vs Long Term Debt Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Triumph Financial Non Current Assets Total account and Long Term Debt. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Triumph Financial's Non Current Assets Total and Long Term Debt is -0.25. Overlapping area represents the amount of variation of Non Current Assets Total that can explain the historical movement of Long Term Debt in the same time period over historical financial statements of Triumph Financial, assuming nothing else is changed. The correlation between historical values of Triumph Financial's Non Current Assets Total and Long Term Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Current Assets Total of Triumph Financial are associated (or correlated) with its Long Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Long Term Debt has no effect on the direction of Non Current Assets Total i.e., Triumph Financial's Non Current Assets Total and Long Term Debt go up and down completely randomly.
Correlation Coefficient | -0.25 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
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.Long Term Debt
Long-term debt is a debt that Triumph Financial has held for over one year. Long-term debt appears on Triumph Financial 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 Triumph Financial 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.Most indicators from Triumph Financial's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Triumph Financial 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 Triumph Financial. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. To learn how to invest in Triumph Stock, please use our How to Invest in Triumph Financial guide.At this time, Triumph Financial's Tax Provision is relatively stable compared to the past year. As of 12/14/2024, Sales General And Administrative To Revenue is likely to grow to 0.52, while Selling General Administrative is likely to drop slightly above 119.5 M.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 18.4M | 18.7M | 43.1M | 24.3M | Depreciation And Amortization | 22.9M | 25.2M | 25.3M | 26.5M |
Triumph Financial fundamental ratios Correlations
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Triumph Financial Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Triumph Financial fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 5.1B | 5.9B | 6.0B | 5.3B | 5.3B | 3.9B | |
Short Long Term Debt Total | 556.9M | 424.4M | 354.7M | 179.0M | 405.4M | 307.3M | |
Total Stockholder Equity | 636.6M | 726.8M | 858.9M | 889.0M | 864.4M | 549.0M | |
Property Plant And Equipment Net | 96.6M | 103.4M | 105.7M | 103.3M | 113.5M | 71.9M | |
Net Debt | 359.0M | 110.0M | (28.5M) | (229.2M) | 118.8M | 83.5M | |
Retained Earnings | 229.0M | 289.6M | 399.4M | 498.5M | 536.3M | 563.1M | |
Cash | 197.9M | 314.4M | 383.2M | 408.2M | 286.6M | 223.8M | |
Non Current Assets Total | 549.6M | 529.4M | 575.5M | 632.9M | 686.7M | 469.2M | |
Cash And Short Term Investments | 446.7M | 538.7M | 565.6M | 662.7M | 392.7M | 447.2M | |
Short Term Investments | 248.8M | 224.3M | 182.4M | 254.5M | 299.6M | 241.1M | |
Liabilities And Stockholders Equity | 5.1B | 5.9B | 6.0B | 5.3B | 5.3B | 3.9B | |
Non Current Liabilities Total | 556.9M | 424.4M | 354.7M | 4.4B | 4.5B | 4.7B | |
Other Current Assets | 221.2M | 335.3M | 399.0M | 430.1M | 321.1M | 305.1M | |
Other Stockholder Equity | 406.2M | 386.1M | 406.2M | 352.1M | 285.7M | 302.1M | |
Total Liab | 556.9M | 424.4M | 354.7M | 4.4B | 4.5B | 4.7B | |
Total Current Assets | 446.7M | 538.7M | 565.6M | 662.7M | 392.7M | 373.1M | |
Accumulated Other Comprehensive Income | 1.1M | 5.8M | 8.0M | (6.9M) | (2.9M) | (2.8M) | |
Common Stock | 271K | 272K | 280K | 283K | 290K | 236.0K | |
Intangible Assets | 31.5M | 26.7M | 43.1M | 32.1M | 23.6M | 27.5M | |
Non Currrent Assets Other | (3.8M) | (6.4M) | (10.0M) | (16.5M) | 8.8M | 9.2M | |
Total Current Liabilities | 1.2B | 1.4B | 2.1B | 1.8B | 1.6B | 1.5B | |
Other Liab | 53.8M | 45.7M | 58.1M | 60.1M | 69.2M | 59.0M | |
Net Tangible Assets | 446.3M | 491.9M | 537.0M | 578.2M | 664.9M | 547.9M | |
Accounts Payable | 3.8B | 4.7B | 4.6B | 4.2B | 4.8B | 4.6B | |
Other Assets | 4.1B | 4.9B | 4.8B | 4.0B | 4.3B | 4.7B | |
Long Term Debt | 556.9M | 424.4M | 354.7M | 179.0M | 405.4M | 311.8M | |
Inventory | 3.5M | 2.5M | 2.9M | 1.3M | 1.2M | 2.0M | |
Net Invested Capital | 1.2B | 1.1B | 1.2B | 1.0B | 1.2B | 1.2B | |
Long Term Investments | 262.7M | 236.1M | 192.9M | 263.8M | 307.1M | 215.0M | |
Property Plant Equipment | 117.7M | 121.5M | 138.6M | 134.3M | 154.5M | 131.0M |
Pair Trading with Triumph Financial
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 Triumph Financial 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 Triumph Financial will appreciate offsetting losses from the drop in the long position's value.Moving against Triumph Stock
The ability to find closely correlated positions to Triumph Financial could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Triumph Financial 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 Triumph Financial - 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 Triumph Financial to buy it.
The correlation of Triumph Financial 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 Triumph Financial moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Triumph Financial 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 Triumph Financial 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.Additional Tools for Triumph Stock Analysis
When running Triumph Financial's price analysis, check to measure Triumph Financial'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 Triumph Financial is operating at the current time. Most of Triumph Financial's value examination focuses on studying past and present price action to predict the probability of Triumph Financial's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Triumph Financial's price. Additionally, you may evaluate how the addition of Triumph Financial to your portfolios can decrease your overall portfolio volatility.