Titan Intangible Assets vs Non Currrent Assets Other Analysis

TITAN Stock   3,476  7.55  0.22%   
Titan Company financial indicator trend analysis is much more than just breaking down Titan Limited prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Titan Limited is a good investment. Please check the relationship between Titan Company Intangible Assets and its Non Currrent Assets Other accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Titan Company 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 board of governors.

Intangible Assets vs Non Currrent Assets Other

Intangible Assets vs Non Currrent Assets Other Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Titan Limited Intangible Assets account and Non Currrent Assets Other. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Titan Company's Intangible Assets and Non Currrent Assets Other is 0.89. Overlapping area represents the amount of variation of Intangible Assets that can explain the historical movement of Non Currrent Assets Other in the same time period over historical financial statements of Titan Company Limited, assuming nothing else is changed. The correlation between historical values of Titan Company's Intangible Assets and Non Currrent Assets Other is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Intangible Assets of Titan Company Limited are associated (or correlated) with its Non Currrent Assets Other. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Currrent Assets Other has no effect on the direction of Intangible Assets i.e., Titan Company's Intangible Assets and Non Currrent Assets Other go up and down completely randomly.

Correlation Coefficient

0.89
Relationship DirectionPositive 
Relationship StrengthStrong

Intangible Assets

Non-physical assets possessed by a company, such as patents, trademarks, and copyrights, which provide long-term value.

Non Currrent Assets Other

Assets that are not physical or tangible, expected to provide value for more than one year, and not easily converted into cash, such as long-term investments or patents.
Most indicators from Titan Company's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Titan 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Titan Company 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 board of governors.
As of the 11th of December 2024, Selling General Administrative is likely to grow to about 3.2 B, while Tax Provision is likely to drop about 6.6 B.
 2021 2022 2023 2024 (projected)
Interest Expense2.2B3B6.2B6.5B
Depreciation And Amortization4.0B4.4B5.8B6.1B

Titan Company fundamental ratios Correlations

0.970.940.990.930.980.970.950.01-0.230.990.870.790.950.610.891.00.930.090.981.00.440.980.81-0.450.86
0.970.920.980.840.951.00.88-0.03-0.230.960.80.750.980.60.960.960.910.110.990.970.420.980.76-0.350.79
0.940.920.920.870.940.920.91-0.01-0.280.940.830.70.940.570.850.930.810.150.920.930.410.910.77-0.490.82
0.990.980.920.890.950.970.930.07-0.140.970.850.80.950.630.910.990.930.060.991.00.450.960.77-0.380.82
0.930.840.870.890.940.840.97-0.06-0.350.930.880.740.830.480.680.930.870.140.850.930.360.90.86-0.570.91
0.980.950.940.950.940.950.93-0.08-0.341.00.860.740.930.590.870.970.860.180.950.970.420.960.86-0.520.87
0.971.00.920.970.840.950.89-0.06-0.290.970.80.740.980.580.960.960.910.120.990.970.410.980.76-0.380.8
0.950.880.910.930.970.930.89-0.03-0.320.930.820.790.860.460.740.950.90.140.890.950.340.930.79-0.470.9
0.01-0.03-0.010.07-0.06-0.08-0.06-0.030.41-0.08-0.130.01-0.070.2-0.010.050.02-0.250.050.030.33-0.12-0.39-0.08-0.04
-0.23-0.23-0.28-0.14-0.35-0.34-0.29-0.320.41-0.31-0.210.01-0.270.12-0.18-0.22-0.26-0.13-0.15-0.210.12-0.35-0.330.59-0.41
0.990.960.940.970.931.00.970.93-0.08-0.310.880.740.950.60.890.980.890.160.970.980.430.970.86-0.50.86
0.870.80.830.850.880.860.80.82-0.13-0.210.880.690.850.550.710.860.80.010.820.870.40.840.89-0.620.76
0.790.750.70.80.740.740.740.790.010.010.740.690.680.440.650.750.71-0.060.770.80.330.760.61-0.290.6
0.950.980.940.950.830.930.980.86-0.07-0.270.950.850.680.610.940.950.90.10.970.950.430.960.79-0.430.79
0.610.60.570.630.480.590.580.460.20.120.60.550.440.610.630.610.490.00.640.61-0.030.540.42-0.320.2
0.890.960.850.910.680.870.960.74-0.01-0.180.890.710.650.940.630.880.80.070.950.890.420.90.66-0.30.65
1.00.960.930.990.930.970.960.950.05-0.220.980.860.750.950.610.880.930.090.981.00.440.970.79-0.450.86
0.930.910.810.930.870.860.910.90.02-0.260.890.80.710.90.490.80.930.00.910.940.350.930.75-0.350.83
0.090.110.150.060.140.180.120.14-0.25-0.130.160.01-0.060.10.00.070.090.00.060.08-0.010.040.280.140.09
0.980.990.920.990.850.950.990.890.05-0.150.970.820.770.970.640.950.980.910.060.980.450.970.75-0.370.79
1.00.970.931.00.930.970.970.950.03-0.210.980.870.80.950.610.891.00.940.080.980.440.970.8-0.440.86
0.440.420.410.450.360.420.410.340.330.120.430.40.330.43-0.030.420.440.35-0.010.450.440.380.3-0.180.57
0.980.980.910.960.90.960.980.93-0.12-0.350.970.840.760.960.540.90.970.930.040.970.970.380.8-0.440.85
0.810.760.770.770.860.860.760.79-0.39-0.330.860.890.610.790.420.660.790.750.280.750.80.30.8-0.460.78
-0.45-0.35-0.49-0.38-0.57-0.52-0.38-0.47-0.080.59-0.5-0.62-0.29-0.43-0.32-0.3-0.45-0.350.14-0.37-0.44-0.18-0.44-0.46-0.47
0.860.790.820.820.910.870.80.9-0.04-0.410.860.760.60.790.20.650.860.830.090.790.860.570.850.78-0.47
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Titan Company Account Relationship Matchups

Titan Company fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets135.5B164.5B211.9B270.2B315.5B331.3B
Short Long Term Debt Total35.6B56.4B72.8B93.7B155.3B163.0B
Other Current Liab25.1B17.0B23.9B33.3B38.6B40.5B
Total Current Liabilities56.3B77.1B105.1B132.6B165.3B173.6B
Total Stockholder Equity66.7B75.0B93.0B118.5B93.9B98.6B
Property Plant And Equipment Net22.3B21.5B22.6B27.6B33.7B35.4B
Net Debt34.9B54.6B70.6B91.4B151.2B158.7B
Retained Earnings35.9B42.1B60.3B86.1B64.2B67.4B
Accounts Payable6.0B7.9B12.9B12.1B14.1B10.9B
Cash754.9M1.8B2.2B2.3B4.1B3.9B
Non Current Assets Total34.3B32.6B37.4B46.2B59.4B62.4B
Non Currrent Assets Other6.0B6.0B6.5B9.7B10.7B11.2B
Cash And Short Term Investments4.0B31.6B7.3B37.1B27.3B28.7B
Net Receivables4.4B4.9B6.9B7.2B12.5B13.1B
Liabilities And Stockholders Equity135.5B164.5B211.9B270.2B315.5B331.3B
Non Current Liabilities Total12.5B12.4B13.5B18.6B56.3B59.1B
Inventory81.0B84.1B136.1B165.8B190.5B200.0B
Other Current Assets1.3B13.0B25.0B22.7B26.5B27.8B
Other Stockholder Equity1.4B32.1B1.4B1.4B1.6B2.5B
Total Liab68.8B89.5B118.6B151.2B221.6B232.6B
Total Current Assets101.2B132.0B174.5B224.1B256.1B268.9B
Accumulated Other Comprehensive Income(4.6B)30.6B30.5B30.1B27.4B28.8B
Short Term Debt24.9B45.7B61.4B77.6B101.9B107.0B
Intangible Assets2.7B2.6B2.5B2.6B3.1B3.3B
Current Deferred Revenue8.1B9.2B12.2B7.7B10.1B8.6B
Other Liab1.8B1.7B2.6B2.5B2.9B1.7B
Net Tangible Assets62.7B71.2B98.6B114.7B131.9B138.5B
Other Assets7.6B7.1B2.7B3.2B3.7B4.2B
Short Term Investments3.2B29.8B5.2B34.8B23.3B11.8B
Short Long Term Debt23.0B43.7B59.1B74.9B98.8B103.7B
Property Plant Equipment22.3B21.5B22.6B27.6B31.8B16.5B
Long Term Debt Total10.7B10.7B11.4B16.1B18.5B19.4B
Net Invested Capital89.9B118.7B152.2B193.5B225.7B146.5B
Net Working Capital44.9B54.8B69.4B91.4B90.8B66.9B
Long Term Debt169.7M90M20M0.033.0B34.7B

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Other Information on Investing in Titan Stock

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