Corsair Other Current Liab vs Total Assets Analysis
CRSR Stock | USD 7.96 0.09 1.12% |
Corsair Gaming financial indicator trend analysis is way more than just evaluating Corsair Gaming prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Corsair Gaming is a good investment. Please check the relationship between Corsair Gaming Other Current Liab and its Total Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Corsair Gaming. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state. To learn how to invest in Corsair Stock, please use our How to Invest in Corsair Gaming guide.
Other Current Liab vs Total Assets
Other Current Liab vs Total Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Corsair Gaming Other Current Liab account and Total Assets. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Corsair Gaming's Other Current Liab and Total Assets is 0.96. Overlapping area represents the amount of variation of Other Current Liab that can explain the historical movement of Total Assets in the same time period over historical financial statements of Corsair Gaming, assuming nothing else is changed. The correlation between historical values of Corsair Gaming's Other Current Liab and Total Assets 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 Liab of Corsair Gaming are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Other Current Liab i.e., Corsair Gaming's Other Current Liab and Total Assets go up and down completely randomly.
Correlation Coefficient | 0.96 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Other Current Liab
Total Assets
Total assets refers to the total amount of Corsair Gaming assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Corsair Gaming books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.Most indicators from Corsair Gaming's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Corsair Gaming 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 Corsair Gaming. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state. To learn how to invest in Corsair Stock, please use our How to Invest in Corsair Gaming guide.At this time, Corsair Gaming's Enterprise Value Over EBITDA is relatively stable compared to the past year. As of 12/11/2024, Enterprise Value Multiple is likely to grow to 24.62, though Tax Provision is likely to grow to (1.5 M).
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 513.9M | 296.6M | 360.3M | 376.4M | Total Revenue | 1.9B | 1.4B | 1.5B | 1.6B |
Corsair Gaming fundamental ratios Correlations
Click cells to compare fundamentals
Corsair Gaming Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Corsair Gaming fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Other Current Liab | 111.3M | 174.2M | 190.1M | 141.8M | 134.9M | 112.6M | |
Total Current Liabilities | 299.9M | 505.4M | 446.7M | 343.0M | 418.5M | 347.2M | |
Other Liab | 39.6M | 32.4M | 25.7M | 21.2M | 24.4M | 30.9M | |
Net Tangible Assets | (387.0M) | (134.7M) | 25.4M | 59.8M | 68.8M | 72.3M | |
Retained Earnings | (106.0M) | (2.8M) | 98.1M | 37.2M | 40.4M | 42.4M | |
Accounts Payable | 182.0M | 299.6M | 236.1M | 172.0M | 240.0M | 208.1M | |
Other Assets | 10.8M | 34.6M | 72.0M | 30.3M | 1.0 | 0.95 | |
Net Receivables | 202.3M | 293.6M | 291.3M | 235.7M | 253.3M | 220.0M | |
Inventory | 151.1M | 226.0M | 298.3M | 192.7M | 240.2M | 201.3M | |
Other Current Assets | 24.7M | 41.8M | 53.8M | 83.8M | 42.5M | 36.8M | |
Other Stockholder Equity | 325.0M | 438.7M | 470.4M | 593.5M | 630.6M | 373.8M | |
Total Current Assets | 429.8M | 691.0M | 705.8M | 622.8M | 711.6M | 545.3M | |
Property Plant Equipment | 15.4M | 16.5M | 16.8M | 80.1M | 92.1M | 96.7M | |
Total Assets | 1.1B | 1.3B | 1.3B | 1.3B | 1.4B | 1.3B | |
Short Long Term Debt Total | 505.8M | 339.0M | 308.3M | 295.2M | 246.5M | 282.3M | |
Total Stockholder Equity | 216.8M | 437.4M | 568.2M | 623.8M | 667.6M | 490.7M | |
Property Plant And Equipment Net | 15.4M | 16.5M | 16.8M | 34.9M | 68.5M | 72.0M | |
Current Deferred Revenue | 4.2M | (9.1M) | 6.7M | 6.3M | 7.4M | 7.8M | |
Net Debt | 457.6M | 205.6M | 243.1M | 141.3M | 70.9M | 67.3M | |
Cash | 48.2M | 133.3M | 65.1M | 153.8M | 175.6M | 110.3M | |
Non Current Assets Total | 629.9M | 623.1M | 631.6M | 674.5M | 645.9M | 678.3M | |
Non Currrent Assets Other | 10.8M | 29.6M | 72.0M | 51.7M | 6.9M | 6.5M | |
Long Term Debt | 503.4M | 321.4M | 242.9M | 232.2M | 186.0M | 250.7M | |
Cash And Short Term Investments | 48.2M | 133.3M | 65.1M | 153.8M | 175.6M | 110.3M | |
Good Will | 312.8M | 312.8M | 317.1M | 347.7M | 354.7M | 343.1M | |
Liabilities And Stockholders Equity | 1.1B | 1.3B | 1.3B | 1.3B | 1.4B | 1.3B | |
Non Current Liabilities Total | 543.0M | 371.3M | 322.5M | 298.8M | 245.0M | 294.6M | |
Total Liab | 842.9M | 876.7M | 769.2M | 641.8M | 663.5M | 592.3M | |
Net Invested Capital | 722.6M | 758.8M | 815.8M | 862.5M | 865.8M | 845.3M | |
Property Plant And Equipment Gross | 15.4M | 16.5M | 16.8M | 112.6M | 104.2M | 109.4M | |
Accumulated Other Comprehensive Income | (2.2M) | 1.5M | (340K) | (6.9M) | (3.5M) | (3.7M) | |
Non Current Liabilities Other | 5.7M | 20.2M | 53.9M | 48.6M | 3.0M | 2.9M | |
Net Working Capital | 129.9M | 185.6M | 259.0M | 279.8M | 293.1M | 228.2M | |
Short Term Debt | 2.4M | 9.1M | 14.2M | 17.5M | 21.9M | 17.2M |
Pair Trading with Corsair Gaming
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 Corsair Gaming 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 Corsair Gaming will appreciate offsetting losses from the drop in the long position's value.Moving together with Corsair Stock
Moving against Corsair Stock
The ability to find closely correlated positions to Corsair Gaming could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Corsair Gaming 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 Corsair Gaming - 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 Corsair Gaming to buy it.
The correlation of Corsair Gaming 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 Corsair Gaming moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Corsair Gaming 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 Corsair Gaming 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 Corsair Stock Analysis
When running Corsair Gaming's price analysis, check to measure Corsair Gaming'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 Corsair Gaming is operating at the current time. Most of Corsair Gaming's value examination focuses on studying past and present price action to predict the probability of Corsair Gaming's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Corsair Gaming's price. Additionally, you may evaluate how the addition of Corsair Gaming to your portfolios can decrease your overall portfolio volatility.