Thomas Intangible Assets vs Total Current Liabilities Analysis

THOMASCOTT   374.20  17.81  5.00%   
Thomas Scott financial indicator trend analysis is much more than just breaking down Thomas Scott Limited prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Thomas Scott Limited is a good investment. Please check the relationship between Thomas Scott Intangible Assets and its Total Current Liabilities accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Thomas Scott 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 nation.

Intangible Assets vs Total Current Liabilities

Intangible Assets vs Total Current Liabilities Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Thomas Scott Limited Intangible Assets account and Total Current Liabilities. At this time, the significance of the direction appears to have very week relationship.
The correlation between Thomas Scott's Intangible Assets and Total Current Liabilities is 0.24. Overlapping area represents the amount of variation of Intangible Assets that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of Thomas Scott Limited, assuming nothing else is changed. The correlation between historical values of Thomas Scott's Intangible Assets and Total Current Liabilities is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Intangible Assets of Thomas Scott Limited are associated (or correlated) with its Total Current Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Liabilities has no effect on the direction of Intangible Assets i.e., Thomas Scott's Intangible Assets and Total Current Liabilities go up and down completely randomly.

Correlation Coefficient

0.24
Relationship DirectionPositive 
Relationship StrengthVery Weak

Intangible Assets

Non-physical assets possessed by a company, such as patents, trademarks, and copyrights, which provide long-term value.

Total Current Liabilities

Total Current Liabilities is an item on Thomas Scott balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Thomas Scott 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.
Most indicators from Thomas Scott's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Thomas Scott Limited 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 Thomas Scott 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 nation.
At present, Thomas Scott's Issuance Of Capital Stock is projected to increase significantly based on the last few years of reporting.
 2021 2022 2023 2024 (projected)
Gross Profit75.7M262.5M284.0M298.2M
Total Revenue322.9M627.9M912.6M495.7M

Thomas Scott fundamental ratios Correlations

0.910.940.590.930.99-0.730.840.60.910.980.620.910.940.930.840.910.780.871.00.950.25-0.010.140.250.18
0.910.870.390.890.94-0.740.850.390.960.930.460.960.780.920.60.870.710.740.90.830.04-0.080.060.0-0.14
0.940.870.410.950.97-0.60.880.40.830.970.680.830.890.840.890.820.770.730.940.930.170.00.130.450.27
0.590.390.410.280.47-0.270.090.970.390.470.120.390.540.490.570.50.250.880.610.480.480.40.230.240.52
0.930.890.950.280.97-0.70.950.30.880.970.70.880.910.840.790.810.820.630.920.950.03-0.210.190.260.05
0.990.940.970.470.97-0.720.890.480.931.00.630.930.930.910.820.890.790.790.980.960.14-0.070.150.240.11
-0.73-0.74-0.6-0.27-0.7-0.72-0.73-0.39-0.89-0.7-0.57-0.89-0.66-0.85-0.43-0.83-0.71-0.62-0.74-0.65-0.190.440.270.330.36
0.840.850.880.090.950.89-0.730.130.860.890.720.870.760.80.680.770.840.50.830.82-0.03-0.350.070.15-0.14
0.60.390.40.970.30.48-0.390.130.440.470.180.440.540.50.550.490.320.860.620.470.370.180.230.110.42
0.910.960.830.390.880.93-0.890.860.440.910.541.00.790.960.590.920.770.760.910.820.12-0.23-0.05-0.11-0.21
0.980.930.970.470.971.0-0.70.890.470.910.630.910.930.90.830.880.790.790.980.960.15-0.050.180.270.14
0.620.460.680.120.70.63-0.570.720.180.540.630.540.640.540.690.540.90.380.620.660.14-0.370.040.340.15
0.910.960.830.390.880.93-0.890.870.441.00.910.540.80.960.590.920.770.760.910.820.12-0.22-0.05-0.11-0.21
0.940.780.890.540.910.93-0.660.760.540.790.930.640.80.830.860.830.710.780.940.990.290.010.190.360.3
0.930.920.840.490.840.91-0.850.80.50.960.90.540.960.830.670.990.720.840.930.830.390.0-0.180.03-0.06
0.840.60.890.570.790.82-0.430.680.550.590.830.690.590.860.670.680.670.730.840.860.340.10.20.680.6
0.910.870.820.50.810.89-0.830.770.490.920.880.540.920.830.990.680.70.840.910.820.490.06-0.230.08-0.01
0.780.710.770.250.820.79-0.710.840.320.770.790.90.770.710.720.670.70.550.780.740.04-0.380.160.12-0.04
0.870.740.730.880.630.79-0.620.50.860.760.790.380.760.780.840.730.840.550.880.750.50.240.040.190.31
1.00.90.940.610.920.98-0.740.830.620.910.980.620.910.940.930.840.910.780.880.950.27-0.010.140.250.18
0.950.830.930.480.950.96-0.650.820.470.820.960.660.820.990.830.860.820.740.750.950.2-0.030.220.360.26
0.250.040.170.480.030.14-0.19-0.030.370.120.150.140.120.290.390.340.490.040.50.270.20.6-0.50.310.36
-0.01-0.080.00.4-0.21-0.070.44-0.350.18-0.23-0.05-0.37-0.220.010.00.10.06-0.380.24-0.01-0.030.6-0.10.490.53
0.140.060.130.230.190.150.270.070.23-0.050.180.04-0.050.19-0.180.2-0.230.160.040.140.22-0.5-0.10.220.27
0.250.00.450.240.260.240.330.150.11-0.110.270.34-0.110.360.030.680.080.120.190.250.360.310.490.220.87
0.18-0.140.270.520.050.110.36-0.140.42-0.210.140.15-0.210.3-0.060.6-0.01-0.040.310.180.260.360.530.270.87
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Thomas Scott Account Relationship Matchups

Thomas Scott fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets255.4M364.4M454.5M681.0M689.2M522.0M
Short Long Term Debt Total63.3M42.0M312K45.9M59.0M56.0M
Other Current Liab1.1M929.8K1.3M7.0M12.0M12.6M
Total Current Liabilities213.3M323.2M350.2M375.9M167.0M196.2M
Total Stockholder Equity41.2M40.2M102.5M143.4M506.9M276.2M
Property Plant And Equipment Net12.7M14.3M22.7M46.1M78.1M51.8M
Net Debt62.8M40.4M(31.4M)(22.1M)58.5M61.4M
Retained Earnings(216.1M)(217.1M)(210.8M)(181.9M)(81.5M)(85.5M)
Accounts Payable148.9M280.1M348.1M277.8M108.4M154.9M
Cash508.1K1.7M31.7M68.0M2.0M1.9M
Non Current Assets Total16.6M18.2M25.2M51.4M90.8M60.2M
Non Currrent Assets Other(13.0M)1M304K2.3M6.7M6.0M
Cash And Short Term Investments508.1K1.7M31.7M68.0M4.1M3.9M
Liabilities And Stockholders Equity255.4M364.4M454.5M681.0M689.2M522.0M
Non Current Liabilities Total872.7K982.4K1.8M161.7M15.2M14.4M
Inventory61.1M96.0M181.0M250.7M292.8M307.4M
Other Current Assets33.7M7.2M46.7M310.9M58.0M55.1M
Other Stockholder Equity(269.6M)223.4M19.1M26.7M178.1M159.0M
Total Liab214.2M324.2M352.0M537.6M182.2M245.8M
Total Current Assets238.8M346.2M429.3M629.6M598.3M461.8M
Accumulated Other Comprehensive Income(5.0M)223.4M239.1M235.1M312.4M328.0M
Current Deferred Revenue134.3K132.0K754K54.1M1.1M1.0M
Short Term Debt63.3M41.0M813K91.1M46.7M40.0M
Net Receivables143.6M211.6M169.9M1K243.4M127.4M
Intangible Assets277.3K205.3K192K2.0M3.2M3.3M
Other Liab872.7K982.4K1.8M2.2M2.5M2.7M
Net Tangible Assets40.9M40.0M102.3M141.4M162.6M89.4M
Other Assets3.6M3.7M2.3M1.0M923.4K877.2K
Property Plant Equipment12.7M14.3M22.7M46.1M53.0M55.7M
Short Long Term Debt63.3M42.0M312K41.1M46.7M42.3M
Cash And Equivalents508.1K1.7M31.7M68.0M78.2M82.1M
Net Invested Capital104.5M82.2M102.8M189.3M565.9M594.2M
Net Working Capital25.5M23.0M79.1M253.7M431.3M452.8M

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Other Information on Investing in Thomas Stock

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