Cartrade Other Current Assets vs Other Stockholder Equity 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 Other Current Assets and its Other Stockholder Equity 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.

Other Current Assets vs Other Stockholder Equity

Other Current Assets vs Other Stockholder Equity Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Cartrade Tech Limited Other Current Assets account and Other Stockholder Equity. At this time, the significance of the direction appears to have no relationship.
The correlation between Cartrade Tech's Other Current Assets and Other Stockholder Equity is 0.02. Overlapping area represents the amount of variation of Other Current Assets that can explain the historical movement of Other Stockholder Equity 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 Other Current Assets 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 Other Current Assets of Cartrade Tech 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 Other Current Assets i.e., Cartrade Tech's Other Current Assets and Other Stockholder Equity go up and down completely randomly.

Correlation Coefficient

0.02
Relationship DirectionPositive 
Relationship StrengthInsignificant

Other Current Assets

Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.

Other Stockholder Equity

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 Profit1.6B1.8B2.4B1.4B
Total Revenue3.1B3.6B4.9B3.0B

Cartrade Tech fundamental ratios Correlations

0.980.910.910.990.940.910.330.890.850.92-0.320.950.860.940.770.770.370.190.120.990.940.910.890.130.9
0.980.960.960.940.980.90.340.950.890.96-0.340.90.750.880.830.850.260.280.270.930.980.820.960.260.84
0.910.960.990.840.970.870.280.980.880.98-0.430.840.570.850.90.90.060.430.30.830.990.660.980.420.77
0.910.960.990.850.960.890.320.990.840.99-0.490.840.580.860.930.860.040.390.260.841.00.660.970.340.77
0.990.940.840.850.880.880.30.830.80.86-0.280.950.910.940.70.690.440.10.021.00.880.950.830.020.92
0.940.980.970.960.880.880.370.950.940.95-0.30.850.670.840.810.930.230.360.390.870.980.760.960.440.78
0.910.90.870.890.880.880.30.890.770.91-0.620.960.680.80.840.740.040.30.160.890.90.740.860.070.9
0.330.340.280.320.30.370.30.420.30.33-0.10.20.220.290.260.370.10.290.350.30.340.270.280.19-0.02
0.890.950.980.990.830.950.890.420.810.99-0.530.820.540.820.940.86-0.020.450.320.810.990.630.940.330.73
0.850.890.880.840.80.940.770.30.810.82-0.080.780.660.760.610.930.350.40.440.810.870.740.910.550.72
0.920.960.980.990.860.950.910.330.990.82-0.540.870.590.860.950.840.010.420.240.850.990.670.950.280.8
-0.32-0.34-0.43-0.49-0.28-0.3-0.62-0.1-0.53-0.08-0.54-0.470.03-0.3-0.74-0.20.69-0.410.08-0.29-0.44-0.02-0.370.23-0.42
0.950.90.840.840.950.850.960.20.820.780.87-0.470.830.890.750.690.260.190.010.970.860.870.820.00.97
0.860.750.570.580.910.670.680.220.540.660.590.030.830.810.360.470.74-0.22-0.130.910.630.990.59-0.130.83
0.940.880.850.860.940.840.80.290.820.760.86-0.30.890.810.730.690.350.2-0.140.930.870.860.820.110.83
0.770.830.90.930.70.810.840.260.940.610.95-0.740.750.360.730.69-0.280.470.170.690.90.440.850.180.68
0.770.850.90.860.690.930.740.370.860.930.84-0.20.690.470.690.690.130.430.530.690.880.570.880.70.6
0.370.260.060.040.440.230.040.1-0.020.350.010.690.260.740.35-0.280.13-0.49-0.10.440.110.690.11-0.020.29
0.190.280.430.390.10.360.30.290.450.40.42-0.410.19-0.220.20.470.43-0.490.460.120.37-0.090.420.430.06
0.120.270.30.260.020.390.160.350.320.440.240.080.01-0.13-0.140.170.53-0.10.460.020.28-0.040.30.65-0.06
0.990.930.830.841.00.870.890.30.810.810.85-0.290.970.910.930.690.690.440.120.020.870.950.810.030.93
0.940.980.991.00.880.980.90.340.990.870.99-0.440.860.630.870.90.880.110.370.280.870.710.970.340.79
0.910.820.660.660.950.760.740.270.630.740.67-0.020.870.990.860.440.570.69-0.09-0.040.950.710.68-0.040.85
0.890.960.980.970.830.960.860.280.940.910.95-0.370.820.590.820.850.880.110.420.30.810.970.680.390.76
0.130.260.420.340.020.440.070.190.330.550.280.230.0-0.130.110.180.7-0.020.430.650.030.34-0.040.39-0.08
0.90.840.770.770.920.780.9-0.020.730.720.8-0.420.970.830.830.680.60.290.06-0.060.930.790.850.76-0.08
Click cells to compare fundamentals

Cartrade Tech Account Relationship Matchups

Cartrade Tech fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets14.7B19.3B22.8B23.4B25.1B20.0B
Short Long Term Debt Total421.4M545.5M774.6M864.3M1.1B579.4M
Other Current Liab640.0M708.2M976.3M905.4M1.5B859.4M
Total Current Liabilities911.5M1.1B1.3B1.4B2.4B1.3B
Total Stockholder Equity12.6B16.8B19.8B20.4B20.7B17.5B
Property Plant And Equipment Net864.7M996.0M1.2B1.3B1.6B1.0B
Net Debt226.2M325.6M451.8M603.1M903.4M948.5M
Retained Earnings(2.5B)(1.6B)(2.9B)(2.6B)(2.5B)(2.6B)
Accounts Payable195.7M222.9M208.5M216.3M347.7M226.1M
Cash195.2M219.9M322.8M261.1M221.4M221.0M
Non Current Assets Total10.5B11.4B12.4B12.1B17.0B12.6B
Non Currrent Assets Other144.4M373.3M1.1B1.0B(2.9B)(2.7B)
Other Assets198.0M152.6M827.0M1.8B2.1B2.2B
Cash And Short Term Investments3.0B6.5B9.1B10.7B6.7B6.3B
Net Receivables(310K)751.6M964.6M844.1M1.1B651.3M
Common Stock Shares Outstanding43.1M47.5M46.0M50.7M51.0M45.8M
Short Term Investments2.8B6.3B8.7B10.4B1.5B1.4B
Liabilities And Stockholders Equity14.7B19.3B22.8B23.4B25.1B20.0B
Inventory180K15.8M12.2M(9.8B)(28.7M)(30.2M)
Other Current Assets1.2B576.9M411.3M344.7M309.4M401.0M
Other Stockholder Equity14.7B17.9B20.2B20.3B20.3B18.9B
Total Liab1.4B1.7B2.1B2.2B3.5B1.9B
Total Current Assets4.2B7.9B10.4B11.3B8.1B7.4B
Accumulated Other Comprehensive Income175.6M215.5M2.0B2.2B2.4B2.5B
Short Term Debt75.7M76.8M123.2M117.4M185.0M100.2M
Intangible Assets313.3M253.8M189.1M126.6M58.5M55.6M
Other Liab132.8M121.8M109.6M104.7M94.2M97.7M
Net Tangible Assets2.6B3.0B7.2B10.6B12.2B12.8B
Current Deferred Revenue(75.8M)(81.5M)774.3M831.3M391.3M415.2M
Non Current Liabilities Total467.5M573.6M756.1M813.3M1.1B676.5M
Property Plant Equipment748.9M863.2M996.0M1.2B1.4B973.3M
Capital Lease Obligations421.4M545.5M771.2M864.3M1.1B744.7M
Net Invested Capital12.6B16.8B19.8B20.4B20.7B18.8B
Net Working Capital3.2B6.8B9.1B10.0B5.7B6.9B

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Other Information on Investing in Cartrade Stock

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.