Turtle Net Invested Capital vs Short Long Term Debt Analysis

HEAR Stock

USD 16.91 0.21 1.26%

Turtle Beach financial indicator trend analysis is much more than just breaking down Turtle Beach Corp prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Turtle Beach Corp is a good investment. Please check the relationship between Turtle Beach Net Invested Capital and its Short Long Term Debt accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Turtle Beach Corp. 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.

Net Invested Capital vs Short Long Term Debt

Net Invested Capital vs Short Long Term Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Turtle Beach Corp Net Invested Capital account and Short Long Term Debt. At this time, the significance of the direction appears to have very week relationship.

The correlation between Turtle Beach's Net Invested Capital and Short Long Term Debt is 0.26. Overlapping area represents the amount of variation of Net Invested Capital that can explain the historical movement of Short Long Term Debt in the same time period over historical financial statements of Turtle Beach Corp, assuming nothing else is changed. The correlation between historical values of Turtle Beach's Net Invested Capital and Short Long Term Debt 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 Invested Capital of Turtle Beach Corp are associated (or correlated) with its Short Long Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Long Term Debt has no effect on the direction of Net Invested Capital i.e., Turtle Beach's Net Invested Capital and Short Long Term Debt go up and down completely randomly.

Correlation Coefficient

0.26

Relationship Direction	Positive
Relationship Strength	Very Weak

View All Relationships

Net Invested Capital

The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.

Short Long Term Debt

The total of a company's short-term and long-term borrowings.

Most indicators from Turtle Beach's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Turtle Beach Corp 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Turtle Beach Corp. 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 this time, Turtle Beach's Tax Provision is relatively stable compared to the past year. As of 11/28/2024, Enterprise Value is likely to grow to about 198.1 M, while Selling General Administrative is likely to drop slightly above 19 M.

	2021	2022	2023	2024 (projected)
Total Operating Expenses	108.0M	98.8M	91.9M	51.9M
Cost Of Revenue	238.0M	191.0M	182.6M	114.3M

Total Operating Expenses Cost Of Revenue

Turtle Beach fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Accounts Payable	Non Current Assets Total	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Intangible Assets	Short Long Term Debt Total	Net Debt	Retained Earnings	Cash	Non Currrent Assets Other	Cash And Short Term Investments	Common Stock Total Equity	Other Current Assets	Short Term Debt	Common Stock
Total Assets		0.84	0.92	0.86	0.7	0.95	0.75	0.81	0.78	0.33	0.83	0.81	0.8	0.47	0.93	0.55	0.32	-0.01	-0.27	0.65	0.52	0.65	0.3	0.65	0.34	0.31
Other Current Liab	0.84		0.83	0.74	0.66	0.9	0.32	0.7	0.93	0.13	0.93	0.94	0.65	0.54	0.96	0.09	0.11	-0.24	-0.5	0.78	0.63	0.78	0.04	0.77	0.1	0.04
Total Current Liabilities	0.92	0.83		0.61	0.68	0.84	0.6	0.94	0.83	0.54	0.76	0.85	0.94	0.35	0.9	0.43	0.57	0.25	-0.56	0.51	0.38	0.51	0.48	0.51	0.59	0.49
Total Stockholder Equity	0.86	0.74	0.61		0.56	0.89	0.67	0.44	0.62	-0.16	0.8	0.64	0.38	0.52	0.79	0.43	-0.18	-0.44	0.1	0.72	0.6	0.72	-0.15	0.7	-0.12	-0.14
Property Plant And Equipment Net	0.7	0.66	0.68	0.56		0.66	0.42	0.74	0.69	0.28	0.59	0.75	0.6	0.81	0.71	0.21	0.17	-0.13	-0.56	0.47	0.16	0.47	0.27	0.43	0.12	0.19
Accounts Payable	0.95	0.9	0.84	0.89	0.66		0.61	0.69	0.79	0.15	0.87	0.81	0.67	0.45	0.94	0.36	0.11	-0.25	-0.23	0.82	0.55	0.82	0.13	0.74	0.12	0.13
Non Current Assets Total	0.75	0.32	0.6	0.67	0.42	0.61		0.57	0.24	0.35	0.31	0.29	0.57	0.13	0.45	0.93	0.35	0.21	0.18	0.18	0.11	0.18	0.43	0.18	0.4	0.43
Net Receivables	0.81	0.7	0.94	0.44	0.74	0.69	0.57		0.76	0.65	0.57	0.81	0.94	0.36	0.77	0.45	0.68	0.41	-0.68	0.3	0.15	0.3	0.6	0.27	0.69	0.6
Common Stock Shares Outstanding	0.78	0.93	0.83	0.62	0.69	0.79	0.24	0.76		0.22	0.87	0.97	0.68	0.58	0.92	0.03	0.22	-0.1	-0.66	0.65	0.57	0.65	0.07	0.65	0.22	0.08
Non Current Liabilities Total	0.33	0.13	0.54	-0.16	0.28	0.15	0.35	0.65	0.22		0.02	0.22	0.79	-0.05	0.25	0.46	0.95	0.8	-0.52	-0.1	-0.11	-0.1	0.95	-0.03	0.81	0.95
Inventory	0.83	0.93	0.76	0.8	0.59	0.87	0.31	0.57	0.87	0.02		0.87	0.56	0.61	0.95	0.06	0.01	-0.31	-0.35	0.79	0.78	0.79	-0.07	0.87	0.04	-0.06
Other Stockholder Equity	0.81	0.94	0.85	0.64	0.75	0.81	0.29	0.81	0.97	0.22	0.87		0.71	0.62	0.93	0.07	0.24	-0.08	-0.67	0.62	0.54	0.62	0.12	0.6	0.25	0.13
Total Liab	0.8	0.65	0.94	0.38	0.6	0.67	0.57	0.94	0.68	0.79	0.56	0.71		0.23	0.75	0.49	0.8	0.51	-0.62	0.33	0.23	0.33	0.73	0.35	0.76	0.73
Property Plant And Equipment Gross	0.47	0.54	0.35	0.52	0.81	0.45	0.13	0.36	0.58	-0.05	0.61	0.62	0.23		0.56	-0.11	-0.19	-0.39	-0.39	0.42	0.39	0.42	-0.07	0.54	-0.23	-0.13
Total Current Assets	0.93	0.96	0.9	0.79	0.71	0.94	0.45	0.77	0.92	0.25	0.95	0.93	0.75	0.56		0.22	0.23	-0.14	-0.47	0.78	0.65	0.78	0.16	0.78	0.23	0.17
Intangible Assets	0.55	0.09	0.43	0.43	0.21	0.36	0.93	0.45	0.03	0.46	0.06	0.07	0.49	-0.11	0.22		0.47	0.4	0.25	-0.03	-0.03	-0.03	0.49	-0.02	0.48	0.51
Short Long Term Debt Total	0.32	0.11	0.57	-0.18	0.17	0.11	0.35	0.68	0.22	0.95	0.01	0.24	0.8	-0.19	0.23	0.47		0.91	-0.52	-0.22	-0.15	-0.22	0.88	-0.14	0.95	0.91
Net Debt	-0.01	-0.24	0.25	-0.44	-0.13	-0.25	0.21	0.41	-0.1	0.8	-0.31	-0.08	0.51	-0.39	-0.14	0.4	0.91		-0.33	-0.59	-0.36	-0.59	0.78	-0.46	0.91	0.81
Retained Earnings	-0.27	-0.5	-0.56	0.1	-0.56	-0.23	0.18	-0.68	-0.66	-0.52	-0.35	-0.67	-0.62	-0.39	-0.47	0.25	-0.52	-0.33		-0.12	-0.07	-0.12	-0.4	-0.12	-0.46	-0.38
Cash	0.65	0.78	0.51	0.72	0.47	0.82	0.18	0.3	0.65	-0.1	0.79	0.62	0.33	0.42	0.78	-0.03	-0.22	-0.59	-0.12		0.68	1.0	-0.18	0.85	-0.3	-0.18
Non Currrent Assets Other	0.52	0.63	0.38	0.6	0.16	0.55	0.11	0.15	0.57	-0.11	0.78	0.54	0.23	0.39	0.65	-0.03	-0.15	-0.36	-0.07	0.68		0.68	-0.24	0.74	-0.16	-0.2
Cash And Short Term Investments	0.65	0.78	0.51	0.72	0.47	0.82	0.18	0.3	0.65	-0.1	0.79	0.62	0.33	0.42	0.78	-0.03	-0.22	-0.59	-0.12	1.0	0.68		-0.18	0.85	-0.3	-0.18
Common Stock Total Equity	0.3	0.04	0.48	-0.15	0.27	0.13	0.43	0.6	0.07	0.95	-0.07	0.12	0.73	-0.07	0.16	0.49	0.88	0.78	-0.4	-0.18	-0.24	-0.18		-0.12	0.77	0.99
Other Current Assets	0.65	0.77	0.51	0.7	0.43	0.74	0.18	0.27	0.65	-0.03	0.87	0.6	0.35	0.54	0.78	-0.02	-0.14	-0.46	-0.12	0.85	0.74	0.85	-0.12		-0.21	-0.12
Short Term Debt	0.34	0.1	0.59	-0.12	0.12	0.12	0.4	0.69	0.22	0.81	0.04	0.25	0.76	-0.23	0.23	0.48	0.95	0.91	-0.46	-0.3	-0.16	-0.3	0.77	-0.21		0.8
Common Stock	0.31	0.04	0.49	-0.14	0.19	0.13	0.43	0.6	0.08	0.95	-0.06	0.13	0.73	-0.13	0.17	0.51	0.91	0.81	-0.38	-0.18	-0.2	-0.18	0.99	-0.12	0.8

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Turtle Beach Account Relationship Matchups

Turtle Beach fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	131.4M	203.5M	230.5M	163.4M	150.0M	111.8M
Other Current Liab	26.4M	30.5M	34.2M	21.3M	24.2M	14.6M
Total Current Liabilities	64.6M	78.7M	78.2M	64.3M	56.3M	48.9M
Total Stockholder Equity	63.4M	116.4M	141.4M	88.9M	85.1M	47.5M
Property Plant And Equipment Net	4.0M	6.6M	7.0M	6.4M	11.8M	12.4M
Accounts Payable	22.5M	42.5M	40.5M	19.8M	26.9M	17.2M
Non Current Assets Total	28.8M	33.5M	37.4M	28.2M	25.1M	26.8M
Net Receivables	44.5M	43.9M	36.0M	43.3M	54.4M	39.2M
Common Stock Shares Outstanding	15.7M	16.4M	18.3M	16.5M	17.1M	10.9M
Liabilities And Stockholders Equity	131.4M	203.5M	230.5M	163.4M	150.0M	111.8M
Non Current Liabilities Total	3.4M	8.4M	11.0M	10.1M	8.6M	15.5M
Inventory	45.7M	71.3M	101.9M	71.3M	44.0M	34.4M
Other Stockholder Equity	176.8M	190.6M	198.3M	206.9M	220.2M	116.4M
Total Liab	68.0M	87.1M	89.1M	74.4M	64.9M	64.3M
Property Plant And Equipment Gross	4.0M	6.6M	30.1M	33.8M	35.7M	37.5M
Total Current Assets	102.5M	170.0M	193.1M	135.2M	124.9M	85.0M
Accumulated Other Comprehensive Income	116K	589K	127K	(1.4M)	(849K)	(806.6K)
Intangible Assets	6.0M	5.1M	5.8M	2.6M	1.7M	1.6M
Short Long Term Debt Total	15.7M	6.0M	7.8M	19.1M	7.7M	7.3M
Net Debt	7.4M	(40.7M)	(30.0M)	7.7M	(18.7M)	(17.8M)
Retained Earnings	(113.5M)	(74.8M)	(57.1M)	(116.6M)	(134.3M)	(127.6M)
Cash	8.2M	46.7M	37.7M	11.4M	18.7M	12.9M
Non Currrent Assets Other	2.9M	6.6M	8.1M	8.5M	862K	818.9K
Cash And Short Term Investments	8.2M	46.7M	37.7M	11.4M	18.7M	12.9M
Other Current Assets	4.1M	16.3M	35.0M	9.2M	7.7M	7.3M
Short Term Debt	15.7M	896K	765K	19.1M	1.3M	1.2M
Net Tangible Assets	48.9M	103.1M	124.9M	75.6M	87.0M	91.3M
Good Will	1.0M	8.5M	8.2M	10.7M	9.6M	10.5M
Retained Earnings Total Equity	(131.5M)	(113.5M)	(74.8M)	(57.1M)	(51.3M)	(53.9M)
Capital Surpluse	169.4M	176.8M	190.6M	198.3M	228.0M	132.9M
Property Plant Equipment	4.0M	6.6M	7.0M	14.4M	16.5M	17.3M
Other Liab	2.1M	8.4M	11.0M	2.6M	3.0M	5.0M
Other Assets	8.5M	13.6M	(1K)	549K	631.4K	599.8K

Pair Trading with Turtle Beach

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 Turtle Beach 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 Turtle Beach will appreciate offsetting losses from the drop in the long position's value.

Moving together with Turtle Stock

0.66	RL	Ralph Lauren Corp	Pair Corr
0.68	DOGZ	Dogness International Upward Rally	Pair Corr

Moving against Turtle Stock

0.52	SKX	Skechers USA	Pair Corr
0.5	DOOO	BRP Inc Earnings Call Today	Pair Corr
0.43	CRI	Carters	Pair Corr
0.31	DHI	DR Horton	Pair Corr

The ability to find closely correlated positions to Turtle Beach could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Turtle Beach 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 Turtle Beach - 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 Turtle Beach Corp to buy it.

The correlation of Turtle Beach 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 Turtle Beach moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Turtle Beach Corp 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 Turtle Beach 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.

Pair Correlation Correlation Matching

Additional Tools for Turtle Stock Analysis

When running Turtle Beach's price analysis, check to measure Turtle Beach'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 Turtle Beach is operating at the current time. Most of Turtle Beach's value examination focuses on studying past and present price action to predict the probability of Turtle Beach's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Turtle Beach's price. Additionally, you may evaluate how the addition of Turtle Beach to your portfolios can decrease your overall portfolio volatility.

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