Cartrade Net Debt vs Retained Earnings Analysis

CARTRADE

1,356 26.10 1.96%

Cartrade Tech financial indicator trend analysis is way more than just evaluating Cartrade Tech Limited prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Cartrade Tech Limited is a good investment. Please check the relationship between Cartrade Tech Net Debt and its Retained Earnings accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cartrade Tech 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 metropolitan statistical area.

Net Debt vs Retained Earnings

Net Debt vs Retained Earnings Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Cartrade Tech Limited Net Debt account and Retained Earnings. At this time, the significance of the direction appears to have weak relationship.

The correlation between Cartrade Tech's Net Debt and Retained Earnings is 0.3. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Retained Earnings in the same time period over historical financial statements of Cartrade Tech Limited, assuming nothing else is changed. The correlation between historical values of Cartrade Tech's Net Debt and Retained Earnings is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Debt of Cartrade Tech Limited are associated (or correlated) with its Retained Earnings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Retained Earnings has no effect on the direction of Net Debt i.e., Cartrade Tech's Net Debt and Retained Earnings go up and down completely randomly.

Correlation Coefficient

0.3

Relationship Direction	Positive
Relationship Strength	Very Weak

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Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.

Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.

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

At present, Cartrade Tech's Tax Provision is projected to decrease significantly based on the last few years of reporting.

	2021	2022	2023	2024 (projected)
Gross Profit	1.6B	1.8B	2.4B	1.4B
Total Revenue	3.1B	3.6B	4.9B	3.0B

Gross Profit Total Revenue

Cartrade Tech 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	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Shares Outstanding	Short Term Investments	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Intangible Assets	Common Stock
Total Assets		0.98	0.91	0.91	0.99	0.94	0.91	0.33	0.89	0.85	0.92	-0.32	0.95	0.86	0.94	0.77	0.77	0.37	0.19	0.12	0.99	0.94	0.91	0.89	0.13	0.9
Short Long Term Debt Total	0.98		0.96	0.96	0.94	0.98	0.9	0.34	0.95	0.89	0.96	-0.34	0.9	0.75	0.88	0.83	0.85	0.26	0.28	0.27	0.93	0.98	0.82	0.96	0.26	0.84
Other Current Liab	0.91	0.96		0.99	0.84	0.97	0.87	0.28	0.98	0.88	0.98	-0.43	0.84	0.57	0.85	0.9	0.9	0.06	0.43	0.3	0.83	0.99	0.66	0.98	0.42	0.77
Total Current Liabilities	0.91	0.96	0.99		0.85	0.96	0.89	0.32	0.99	0.84	0.99	-0.49	0.84	0.58	0.86	0.93	0.86	0.04	0.39	0.26	0.84	1.0	0.66	0.97	0.34	0.77
Total Stockholder Equity	0.99	0.94	0.84	0.85		0.88	0.88	0.3	0.83	0.8	0.86	-0.28	0.95	0.91	0.94	0.7	0.69	0.44	0.1	0.02	1.0	0.88	0.95	0.83	0.02	0.92
Property Plant And Equipment Net	0.94	0.98	0.97	0.96	0.88		0.88	0.37	0.95	0.94	0.95	-0.3	0.85	0.67	0.84	0.81	0.93	0.23	0.36	0.39	0.87	0.98	0.76	0.96	0.44	0.78
Net Debt	0.91	0.9	0.87	0.89	0.88	0.88		0.3	0.89	0.77	0.91	-0.62	0.96	0.68	0.8	0.84	0.74	0.04	0.3	0.16	0.89	0.9	0.74	0.86	0.07	0.9
Retained Earnings	0.33	0.34	0.28	0.32	0.3	0.37	0.3		0.42	0.3	0.33	-0.1	0.2	0.22	0.29	0.26	0.37	0.1	0.29	0.35	0.3	0.34	0.27	0.28	0.19	-0.02
Accounts Payable	0.89	0.95	0.98	0.99	0.83	0.95	0.89	0.42		0.81	0.99	-0.53	0.82	0.54	0.82	0.94	0.86	-0.02	0.45	0.32	0.81	0.99	0.63	0.94	0.33	0.73
Cash	0.85	0.89	0.88	0.84	0.8	0.94	0.77	0.3	0.81		0.82	-0.08	0.78	0.66	0.76	0.61	0.93	0.35	0.4	0.44	0.81	0.87	0.74	0.91	0.55	0.72
Non Current Assets Total	0.92	0.96	0.98	0.99	0.86	0.95	0.91	0.33	0.99	0.82		-0.54	0.87	0.59	0.86	0.95	0.84	0.01	0.42	0.24	0.85	0.99	0.67	0.95	0.28	0.8
Non Currrent Assets Other	-0.32	-0.34	-0.43	-0.49	-0.28	-0.3	-0.62	-0.1	-0.53	-0.08	-0.54		-0.47	0.03	-0.3	-0.74	-0.2	0.69	-0.41	0.08	-0.29	-0.44	-0.02	-0.37	0.23	-0.42
Other Assets	0.95	0.9	0.84	0.84	0.95	0.85	0.96	0.2	0.82	0.78	0.87	-0.47		0.83	0.89	0.75	0.69	0.26	0.19	0.01	0.97	0.86	0.87	0.82	0.0	0.97
Cash And Short Term Investments	0.86	0.75	0.57	0.58	0.91	0.67	0.68	0.22	0.54	0.66	0.59	0.03	0.83		0.81	0.36	0.47	0.74	-0.22	-0.13	0.91	0.63	0.99	0.59	-0.13	0.83
Net Receivables	0.94	0.88	0.85	0.86	0.94	0.84	0.8	0.29	0.82	0.76	0.86	-0.3	0.89	0.81		0.73	0.69	0.35	0.2	-0.14	0.93	0.87	0.86	0.82	0.11	0.83
Good Will	0.77	0.83	0.9	0.93	0.7	0.81	0.84	0.26	0.94	0.61	0.95	-0.74	0.75	0.36	0.73		0.69	-0.28	0.47	0.17	0.69	0.9	0.44	0.85	0.18	0.68
Common Stock Shares Outstanding	0.77	0.85	0.9	0.86	0.69	0.93	0.74	0.37	0.86	0.93	0.84	-0.2	0.69	0.47	0.69	0.69		0.13	0.43	0.53	0.69	0.88	0.57	0.88	0.7	0.6
Short Term Investments	0.37	0.26	0.06	0.04	0.44	0.23	0.04	0.1	-0.02	0.35	0.01	0.69	0.26	0.74	0.35	-0.28	0.13		-0.49	-0.1	0.44	0.11	0.69	0.11	-0.02	0.29
Inventory	0.19	0.28	0.43	0.39	0.1	0.36	0.3	0.29	0.45	0.4	0.42	-0.41	0.19	-0.22	0.2	0.47	0.43	-0.49		0.46	0.12	0.37	-0.09	0.42	0.43	0.06
Other Current Assets	0.12	0.27	0.3	0.26	0.02	0.39	0.16	0.35	0.32	0.44	0.24	0.08	0.01	-0.13	-0.14	0.17	0.53	-0.1	0.46		0.02	0.28	-0.04	0.3	0.65	-0.06
Other Stockholder Equity	0.99	0.93	0.83	0.84	1.0	0.87	0.89	0.3	0.81	0.81	0.85	-0.29	0.97	0.91	0.93	0.69	0.69	0.44	0.12	0.02		0.87	0.95	0.81	0.03	0.93
Total Liab	0.94	0.98	0.99	1.0	0.88	0.98	0.9	0.34	0.99	0.87	0.99	-0.44	0.86	0.63	0.87	0.9	0.88	0.11	0.37	0.28	0.87		0.71	0.97	0.34	0.79
Total Current Assets	0.91	0.82	0.66	0.66	0.95	0.76	0.74	0.27	0.63	0.74	0.67	-0.02	0.87	0.99	0.86	0.44	0.57	0.69	-0.09	-0.04	0.95	0.71		0.68	-0.04	0.85
Short Term Debt	0.89	0.96	0.98	0.97	0.83	0.96	0.86	0.28	0.94	0.91	0.95	-0.37	0.82	0.59	0.82	0.85	0.88	0.11	0.42	0.3	0.81	0.97	0.68		0.39	0.76
Intangible Assets	0.13	0.26	0.42	0.34	0.02	0.44	0.07	0.19	0.33	0.55	0.28	0.23	0.0	-0.13	0.11	0.18	0.7	-0.02	0.43	0.65	0.03	0.34	-0.04	0.39		-0.08
Common Stock	0.9	0.84	0.77	0.77	0.92	0.78	0.9	-0.02	0.73	0.72	0.8	-0.42	0.97	0.83	0.83	0.68	0.6	0.29	0.06	-0.06	0.93	0.79	0.85	0.76	-0.08

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Cartrade Tech Account Relationship Matchups

Cartrade Tech fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	14.7B	19.3B	22.8B	23.4B	25.1B	20.0B
Short Long Term Debt Total	421.4M	545.5M	774.6M	864.3M	1.1B	579.4M
Other Current Liab	640.0M	708.2M	976.3M	905.4M	1.5B	859.4M
Total Current Liabilities	911.5M	1.1B	1.3B	1.4B	2.4B	1.3B
Total Stockholder Equity	12.6B	16.8B	19.8B	20.4B	20.7B	17.5B
Property Plant And Equipment Net	864.7M	996.0M	1.2B	1.3B	1.6B	1.0B
Net Debt	226.2M	325.6M	451.8M	603.1M	903.4M	948.5M
Retained Earnings	(2.5B)	(1.6B)	(2.9B)	(2.6B)	(2.5B)	(2.6B)
Accounts Payable	195.7M	222.9M	208.5M	216.3M	347.7M	226.1M
Cash	195.2M	219.9M	322.8M	261.1M	221.4M	221.0M
Non Current Assets Total	10.5B	11.4B	12.4B	12.1B	17.0B	12.6B
Non Currrent Assets Other	144.4M	373.3M	1.1B	1.0B	(2.9B)	(2.7B)
Other Assets	198.0M	152.6M	827.0M	1.8B	2.1B	2.2B
Cash And Short Term Investments	3.0B	6.5B	9.1B	10.7B	6.7B	6.3B
Net Receivables	(310K)	751.6M	964.6M	844.1M	1.1B	651.3M
Common Stock Shares Outstanding	43.1M	47.5M	46.0M	50.7M	51.0M	45.8M
Short Term Investments	2.8B	6.3B	8.7B	10.4B	1.5B	1.4B
Liabilities And Stockholders Equity	14.7B	19.3B	22.8B	23.4B	25.1B	20.0B
Inventory	180K	15.8M	12.2M	(9.8B)	(28.7M)	(30.2M)
Other Current Assets	1.2B	576.9M	411.3M	344.7M	309.4M	401.0M
Other Stockholder Equity	14.7B	17.9B	20.2B	20.3B	20.3B	18.9B
Total Liab	1.4B	1.7B	2.1B	2.2B	3.5B	1.9B
Total Current Assets	4.2B	7.9B	10.4B	11.3B	8.1B	7.4B
Accumulated Other Comprehensive Income	175.6M	215.5M	2.0B	2.2B	2.4B	2.5B
Short Term Debt	75.7M	76.8M	123.2M	117.4M	185.0M	100.2M
Intangible Assets	313.3M	253.8M	189.1M	126.6M	58.5M	55.6M
Other Liab	132.8M	121.8M	109.6M	104.7M	94.2M	97.7M
Net Tangible Assets	2.6B	3.0B	7.2B	10.6B	12.2B	12.8B
Current Deferred Revenue	(75.8M)	(81.5M)	774.3M	831.3M	391.3M	415.2M
Non Current Liabilities Total	467.5M	573.6M	756.1M	813.3M	1.1B	676.5M
Property Plant Equipment	748.9M	863.2M	996.0M	1.2B	1.4B	973.3M
Capital Lease Obligations	421.4M	545.5M	771.2M	864.3M	1.1B	744.7M
Net Invested Capital	12.6B	16.8B	19.8B	20.4B	20.7B	18.8B
Net Working Capital	3.2B	6.8B	9.1B	10.0B	5.7B	6.9B

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

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Cartrade Net Debt vs Retained Earnings Analysis

Net Debt vs Retained Earnings

Net Debt vs Retained Earnings Correlation Analysis

Correlation Coefficient

Net Debt

Retained Earnings

Cartrade Tech fundamental ratios Correlations

Cartrade Tech Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Cartrade Tech fundamental ratios Accounts

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Total Liab	+ 1.0	Total Current Liabilities
Other Stockholder Equity	+ 1.0	Total Stockholder Equity
Total Stockholder Equity	+ 0.99	Total Assets
Other Stockholder Equity	+ 0.99	Total Assets
Total Current Liabilities	+ 0.99	Other Current Liab
Total Liab	+ 0.99	Other Current Liab

Good Will	- 0.74	Non Currrent Assets Other
Non Currrent Assets Other	- 0.62	Net Debt
Non Currrent Assets Other	- 0.54	Non Current Assets Total
Non Currrent Assets Other	- 0.53	Accounts Payable
Inventory	- 0.49	Short Term Investments
Non Currrent Assets Other	- 0.49	Total Current Liabilities