| TVSELECT | | | 343.15 6.70 1.99% |
TVS Electronics financial indicator trend analysis is much more than just breaking down TVS Electronics prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether TVS Electronics is a good investment. Please check the relationship between TVS Electronics Cash and its Total Current Liabilities accounts. Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in TVS Electronics 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 bureau of economic analysis.
Cash vs Total Current Liabilities
Cash vs Total Current Liabilities Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
TVS Electronics Cash account and
Total Current Liabilities. At this time, the significance of the direction appears to have very strong relationship.
The correlation between TVS Electronics' Cash and Total Current Liabilities is 0.89. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of TVS Electronics Limited, assuming nothing else is changed. The correlation between historical values of TVS Electronics' Cash and Total Current Liabilities is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash of TVS Electronics Limited are associated (or correlated) with its Total Current Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Liabilities has no effect on the direction of Cash i.e., TVS Electronics' Cash and Total Current Liabilities go up and down completely randomly.
Correlation Coefficient | 0.89 |
| Relationship Direction | Positive |
| Relationship Strength | Strong |
Cash
Cash refers to the most liquid asset of TVS Electronics, which is listed under current asset account on TVS Electronics Limited balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from TVS Electronics customers. The amounts must be unrestricted with restricted cash listed in a different TVS Electronics account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.
Total Current Liabilities
Total Current Liabilities is an item on TVS Electronics balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of TVS Electronics Limited are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.
Most indicators from TVS Electronics' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into TVS Electronics 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 TVS Electronics 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 bureau of economic analysis.
As of November 29, 2024,
Selling General Administrative is expected to decline to about 95.4
M. The current year's
Tax Provision is expected to grow to about (9
M)
TVS Electronics fundamental ratios Correlations
Click cells to compare fundamentals
TVS Electronics Account Relationship Matchups
High Positive Relationship
High Negative Relationship
TVS Electronics fundamental ratios Accounts
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Other Information on Investing in TVS Stock
Balance Sheet is a snapshot of the
financial position of TVS Electronics at a specified time, usually calculated after every quarter, six months, or one year. TVS Electronics Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of TVS Electronics 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 TVS currently owns. An asset can also be divided into two categories, current and non-current.