New Total Current Liabilities vs Total Stockholder Equity Analysis

300532 Stock

12.11 0.48 3.81%

New Trend financial indicator trend analysis is infinitely more than just investigating New Trend International recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether New Trend International is a good investment. Please check the relationship between New Trend Total Current Liabilities and its Total Stockholder Equity accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in New Trend International. 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.

Total Current Liabilities vs Total Stockholder Equity

Total Current Liabilities vs Total Stockholder Equity Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of New Trend International Total Current Liabilities account and Total Stockholder Equity. At this time, the significance of the direction appears to have almost identical trend.

The correlation between New Trend's Total Current Liabilities and Total Stockholder Equity is 0.93. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Total Stockholder Equity in the same time period over historical financial statements of New Trend International, assuming nothing else is changed. The correlation between historical values of New Trend's Total Current Liabilities and Total 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 New Trend International are associated (or correlated) with its Total Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Stockholder Equity has no effect on the direction of Total Current Liabilities i.e., New Trend's Total Current Liabilities and Total Stockholder Equity go up and down completely randomly.

Correlation Coefficient

0.93

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Total Current Liabilities

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

Total Stockholder Equity

The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.

Most indicators from New Trend's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into New Trend International 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in New Trend International. 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.

The current year's Tax Provision is expected to grow to about 45.9 M, whereas Selling General Administrative is forecasted to decline to about 75.8 M.

	2021	2022	2023	2024 (projected)
Operating Income	117.6M	312.5M	476.1M	499.9M
Total Revenue	1.6B	2.4B	3.1B	3.2B

Operating Income Total Revenue

New Trend fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Retained Earnings	Accounts Payable	Other Assets	Net Receivables	Inventory	Other Current Assets	Total Liab	Intangible Assets	Common Stock	Property Plant Equipment	Cash	Net Tangible Assets	Long Term Debt	Other Stockholder Equity	Short Long Term Debt	Total Current Assets	Short Term Debt	Non Current Assets Total	Non Currrent Assets Other	Short Term Investments	Non Current Liabilities Total
Total Assets		0.33	0.99	0.97	0.95	0.98	1.0	0.98	0.63	0.98	-0.02	0.99	0.32	0.72	0.71	0.95	0.88	0.84	0.05	0.59	0.99	0.82	0.85	-0.16	-0.66	0.11
Other Current Liab	0.33		0.34	0.29	0.3	0.27	0.29	0.29	0.61	0.32	0.38	0.34	0.29	0.46	0.41	0.11	0.45	0.33	0.01	0.38	0.31	0.29	0.48	-0.02	-0.26	-0.07
Total Current Liabilities	0.99	0.34		0.93	0.91	0.96	1.0	0.96	0.6	1.0	0.03	1.0	0.32	0.67	0.64	0.94	0.84	0.82	-0.02	0.56	1.0	0.78	0.81	-0.21	-0.59	0.07
Total Stockholder Equity	0.97	0.29	0.93		0.97	0.99	0.95	0.94	0.72	0.91	-0.09	0.94	0.3	0.78	0.82	0.9	0.91	0.81	0.07	0.58	0.95	0.84	0.88	-0.01	-0.76	0.08
Other Liab	0.95	0.3	0.91	0.97		0.97	0.93	0.95	0.69	0.88	-0.18	0.92	0.31	0.78	0.82	0.89	0.88	0.87	0.16	0.69	0.92	0.88	0.88	-0.03	-0.73	0.18
Retained Earnings	0.98	0.27	0.96	0.99	0.97		0.97	0.96	0.66	0.93	-0.15	0.96	0.36	0.72	0.76	0.91	0.88	0.79	0.05	0.55	0.96	0.81	0.84	-0.07	-0.71	0.09
Accounts Payable	1.0	0.29	1.0	0.95	0.93	0.97		0.98	0.59	0.99	0.0	1.0	0.29	0.69	0.66	0.96	0.85	0.84	0.04	0.59	1.0	0.81	0.82	-0.2	-0.62	0.13
Other Assets	0.98	0.29	0.96	0.94	0.95	0.96	0.98		0.59	0.95	-0.05	0.97	0.22	0.71	0.69	0.96	0.86	0.88	0.18	0.67	0.98	0.84	0.83	-0.22	-0.63	0.25
Net Receivables	0.63	0.61	0.6	0.72	0.69	0.66	0.59	0.59		0.54	0.07	0.59	0.37	0.73	0.76	0.4	0.78	0.55	-0.21	0.41	0.59	0.6	0.72	0.12	-0.62	-0.29
Inventory	0.98	0.32	1.0	0.91	0.88	0.93	0.99	0.95	0.54		0.04	1.0	0.3	0.65	0.6	0.95	0.81	0.82	0.01	0.56	0.99	0.77	0.79	-0.24	-0.56	0.11
Other Current Assets	-0.02	0.38	0.03	-0.09	-0.18	-0.15	0.0	-0.05	0.07	0.04		0.01	-0.08	0.1	-0.1	-0.06	0.01	0.0	-0.12	-0.01	0.03	-0.13	0.09	-0.08	0.07	-0.14
Total Liab	0.99	0.34	1.0	0.94	0.92	0.96	1.0	0.97	0.59	1.0	0.01		0.32	0.68	0.65	0.95	0.84	0.83	0.04	0.59	1.0	0.79	0.82	-0.21	-0.6	0.12
Intangible Assets	0.32	0.29	0.32	0.3	0.31	0.36	0.29	0.22	0.37	0.3	-0.08	0.32		0.09	0.18	0.17	0.22	0.19	-0.16	0.08	0.28	0.16	0.13	-0.24	-0.02	-0.09
Common Stock	0.72	0.46	0.67	0.78	0.78	0.72	0.69	0.71	0.73	0.65	0.1	0.68	0.09		0.95	0.65	0.89	0.74	0.26	0.72	0.68	0.74	0.95	0.28	-0.82	0.14
Property Plant Equipment	0.71	0.41	0.64	0.82	0.82	0.76	0.66	0.69	0.76	0.6	-0.1	0.65	0.18	0.95		0.61	0.9	0.67	0.26	0.65	0.66	0.74	0.91	0.33	-0.86	0.12
Cash	0.95	0.11	0.94	0.9	0.89	0.91	0.96	0.96	0.4	0.95	-0.06	0.95	0.17	0.65	0.61		0.78	0.86	0.22	0.65	0.95	0.83	0.78	-0.22	-0.6	0.32
Net Tangible Assets	0.88	0.45	0.84	0.91	0.88	0.88	0.85	0.86	0.78	0.81	0.01	0.84	0.22	0.89	0.9	0.78		0.76	0.09	0.63	0.86	0.79	0.9	0.01	-0.75	0.07
Long Term Debt	0.84	0.33	0.82	0.81	0.87	0.79	0.84	0.88	0.55	0.82	0.0	0.83	0.19	0.74	0.67	0.86	0.76		0.3	0.9	0.83	0.91	0.82	-0.17	-0.57	0.36
Other Stockholder Equity	0.05	0.01	-0.02	0.07	0.16	0.05	0.04	0.18	-0.21	0.01	-0.12	0.04	-0.16	0.26	0.26	0.22	0.09	0.3		0.6	0.02	0.28	0.21	-0.13	-0.21	0.95
Short Long Term Debt	0.59	0.38	0.56	0.58	0.69	0.55	0.59	0.67	0.41	0.56	-0.01	0.59	0.08	0.72	0.65	0.65	0.63	0.9	0.6		0.57	0.8	0.71	-0.14	-0.48	0.61
Total Current Assets	0.99	0.31	1.0	0.95	0.92	0.96	1.0	0.98	0.59	0.99	0.03	1.0	0.28	0.68	0.66	0.95	0.86	0.83	0.02	0.57		0.8	0.82	-0.21	-0.61	0.11
Short Term Debt	0.82	0.29	0.78	0.84	0.88	0.81	0.81	0.84	0.6	0.77	-0.13	0.79	0.16	0.74	0.74	0.83	0.79	0.91	0.28	0.8	0.8		0.84	0.01	-0.78	0.28
Non Current Assets Total	0.85	0.48	0.81	0.88	0.88	0.84	0.82	0.83	0.72	0.79	0.09	0.82	0.13	0.95	0.91	0.78	0.9	0.82	0.21	0.71	0.82	0.84		0.24	-0.87	0.12
Non Currrent Assets Other	-0.16	-0.02	-0.21	-0.01	-0.03	-0.07	-0.2	-0.22	0.12	-0.24	-0.08	-0.21	-0.24	0.28	0.33	-0.22	0.01	-0.17	-0.13	-0.14	-0.21	0.01	0.24		-0.48	-0.4
Short Term Investments	-0.66	-0.26	-0.59	-0.76	-0.73	-0.71	-0.62	-0.63	-0.62	-0.56	0.07	-0.6	-0.02	-0.82	-0.86	-0.6	-0.75	-0.57	-0.21	-0.48	-0.61	-0.78	-0.87	-0.48		-0.04
Non Current Liabilities Total	0.11	-0.07	0.07	0.08	0.18	0.09	0.13	0.25	-0.29	0.11	-0.14	0.12	-0.09	0.14	0.12	0.32	0.07	0.36	0.95	0.61	0.11	0.28	0.12	-0.4	-0.04

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New Trend Account Relationship Matchups

New Trend fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.7B	2.2B	2.8B	4.7B	5.1B	5.4B
Other Current Liab	498.7M	411.8M	855.3M	1.8B	50.5M	48.0M
Total Current Liabilities	909.0M	1.0B	1.6B	3.2B	3.4B	3.6B
Total Stockholder Equity	772.5M	857.8M	1.2B	1.4B	1.6B	1.7B
Other Liab	43.4M	44.9M	49.2M	62.2M	71.5M	75.1M
Retained Earnings	314.4M	358.5M	422.8M	644.3M	747.3M	784.6M
Accounts Payable	324.0M	492.5M	663.4M	1.2B	1.4B	1.5B
Other Assets	48.0M	85.8M	81.5M	127.0M	146.0M	153.3M
Net Receivables	575.2M	220.1M	1.2B	965.9M	682.9M	538.6M
Inventory	295.3M	408.7M	566.9M	1.2B	1.4B	1.4B
Other Current Assets	64.3M	70.8M	164.2M	174.8M	57.7M	78.3M
Total Liab	952.4M	1.3B	1.6B	3.3B	3.5B	3.7B
Intangible Assets	13.3M	12.8M	18.7M	20.0M	17.4M	17.9M
Common Stock	275.0M	273.2M	303.8M	307.0M	353.1M	182.1M
Property Plant Equipment	199.8M	204.8M	213.9M	227.1M	261.2M	137.7M
Cash	473.0M	804.3M	520.4M	859.6M	1.3B	1.4B
Net Tangible Assets	759.2M	845.0M	1.1B	1.4B	1.6B	924.2M
Other Stockholder Equity	295.7K	41.0M	(598.4K)	94.1K	108.3K	102.8K
Total Current Assets	1.4B	1.8B	2.5B	4.3B	4.8B	5.0B
Non Current Assets Total	316.2M	303.4M	314.1M	374.0M	355.0M	326.1M
Non Currrent Assets Other	249.7M	293.9M	316.2M	951.6K	676.8K	642.9K
Non Current Liabilities Total	43.4M	282.7M	49.2M	62.2M	85.9M	89.0M
Deferred Long Term Liab	208.7K	714.3K	366.9K	394.7K	453.9K	360.5K
Non Current Liabilities Other	28.2M	30.7M	36.8M	50.8M	75.4M	79.2M
Common Stock Shares Outstanding	275.0M	273.2M	303.8M	307.0M	310.2M	318.0M
Net Invested Capital	823.0M	1.2B	1.2B	1.5B	1.7B	1.2B
Net Working Capital	499.7M	837.1M	890.2M	1.1B	1.4B	905.9M
Capital Stock	275.0M	273.2M	303.8M	307.0M	310.2M	320.2M

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

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New Total Current Liabilities vs Total Stockholder Equity Analysis

Total Current Liabilities vs Total Stockholder Equity

Total Current Liabilities vs Total Stockholder Equity Correlation Analysis

Correlation Coefficient

Total Current Liabilities

Total Stockholder Equity

New Trend fundamental ratios Correlations

New Trend Account Relationship Matchups

High Positive Relationship

High Negative Relationship

New Trend fundamental ratios Accounts

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COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Accounts Payable	+ 1.0	Total Assets
Accounts Payable	+ 1.0	Total Current Liabilities
Inventory	+ 1.0	Total Current Liabilities
Total Liab	+ 1.0	Total Current Liabilities
Total Current Assets	+ 1.0	Total Current Liabilities
Total Liab	+ 1.0	Accounts Payable

Short Term Investments	- 0.87	Non Current Assets Total
Short Term Investments	- 0.86	Property Plant Equipment
Short Term Investments	- 0.82	Common Stock
Short Term Investments	- 0.78	Short Term Debt
Short Term Investments	- 0.76	Total Stockholder Equity
Short Term Investments	- 0.75	Net Tangible Assets