CTS Inventory vs Non Current Liabilities Total Analysis

CTS Stock

USD 41.31 0.34 0.83%

CTS financial indicator trend analysis is way more than just evaluating CTS Corporation prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether CTS Corporation is a good investment. Please check the relationship between CTS Inventory and its Non Current Liabilities Total accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in CTS Corporation. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

Inventory vs Non Current Liabilities Total

Inventory vs Non Current Liabilities Total Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of CTS Corporation Inventory account and Non Current Liabilities Total. At this time, the significance of the direction appears to have weak relationship.

The correlation between CTS's Inventory and Non Current Liabilities Total is 0.35. Overlapping area represents the amount of variation of Inventory that can explain the historical movement of Non Current Liabilities Total in the same time period over historical financial statements of CTS Corporation, assuming nothing else is changed. The correlation between historical values of CTS's Inventory and Non Current Liabilities Total is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Inventory of CTS Corporation are associated (or correlated) with its Non Current Liabilities Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Liabilities Total has no effect on the direction of Inventory i.e., CTS's Inventory and Non Current Liabilities Total go up and down completely randomly.

Correlation Coefficient

0.35

Relationship Direction	Positive
Relationship Strength	Very Weak

View All Relationships

Inventory

Non Current Liabilities Total

Most indicators from CTS's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into CTS Corporation 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 CTS Corporation. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

Selling General Administrative is likely to drop to about 68 M in 2025. Discontinued Operations is likely to drop to about (5.6 M) in 2025

	2022	2023	2024	2025 (projected)
Gross Profit	210.5M	190.9M	189.2M	133.8M
Total Revenue	586.9M	550.4M	515.8M	492.6M

Gross Profit Total Revenue

CTS fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Intangible Assets	Accounts Payable	Common Stock Total Equity	Common Stock
Total Assets		0.24	-0.25	0.59	0.96	0.83	-0.19	0.79	0.61	0.95	-0.13	0.61	0.76	-0.65	0.66	0.17	-0.46	-0.8	0.72	0.47	0.74	-0.24	0.61	0.38	0.85	0.82
Short Long Term Debt Total	0.24		0.29	0.18	0.07	-0.04	-0.04	0.14	0.52	0.13	0.04	0.52	0.08	-0.04	0.64	-0.13	0.04	-0.34	0.55	-0.01	0.39	0.49	0.01	0.14	0.35	0.34
Other Current Liab	-0.25	0.29		0.01	-0.32	-0.59	-0.13	-0.13	0.16	-0.31	0.23	0.16	-0.26	0.28	0.04	-0.15	0.0	-0.07	0.03	0.06	-0.01	0.43	-0.07	-0.03	0.03	0.01
Total Current Liabilities	0.59	0.18	0.01		0.42	0.42	-0.14	0.49	0.45	0.41	0.3	0.45	0.88	0.04	0.55	0.43	-0.23	-0.69	0.78	0.06	0.77	-0.2	0.22	0.9	0.63	0.72
Total Stockholder Equity	0.96	0.07	-0.32	0.42		0.82	-0.3	0.78	0.56	0.96	-0.3	0.56	0.62	-0.75	0.44	0.05	-0.54	-0.73	0.49	0.5	0.6	-0.23	0.62	0.18	0.79	0.75
Property Plant And Equipment Net	0.83	-0.04	-0.59	0.42	0.82		0.13	0.75	0.2	0.86	-0.25	0.2	0.71	-0.5	0.49	0.29	-0.28	-0.57	0.52	0.51	0.46	-0.47	0.66	0.27	0.57	0.56
Net Debt	-0.19	-0.04	-0.13	-0.14	-0.3	0.13		-0.05	-0.75	-0.09	0.22	-0.74	0.04	0.26	0.29	0.46	0.58	0.23	0.16	0.2	-0.34	-0.41	0.23	0.03	-0.23	-0.36
Retained Earnings	0.79	0.14	-0.13	0.49	0.78	0.75	-0.05		0.35	0.82	-0.27	0.35	0.63	-0.27	0.46	0.08	-0.45	-0.9	0.52	0.77	0.45	-0.23	0.89	0.3	0.84	0.83
Cash	0.61	0.52	0.16	0.45	0.56	0.2	-0.75	0.35		0.44	-0.02	1.0	0.35	-0.38	0.41	-0.24	-0.53	-0.59	0.48	0.0	0.75	0.3	0.04	0.24	0.58	0.69
Non Current Assets Total	0.95	0.13	-0.31	0.41	0.96	0.86	-0.09	0.82	0.44		-0.29	0.44	0.61	-0.72	0.55	0.02	-0.54	-0.75	0.56	0.53	0.49	-0.26	0.7	0.17	0.83	0.75
Non Currrent Assets Other	-0.13	0.04	0.23	0.3	-0.3	-0.25	0.22	-0.27	-0.02	-0.29		-0.02	0.23	0.39	0.31	0.46	0.48	0.08	0.34	-0.2	0.28	-0.34	-0.3	0.5	-0.09	-0.08
Cash And Short Term Investments	0.61	0.52	0.16	0.45	0.56	0.2	-0.74	0.35	1.0	0.44	-0.02		0.35	-0.37	0.41	-0.24	-0.53	-0.59	0.48	0.0	0.75	0.3	0.04	0.24	0.59	0.69
Net Receivables	0.76	0.08	-0.26	0.88	0.62	0.71	0.04	0.63	0.35	0.61	0.23	0.35		-0.13	0.65	0.59	-0.12	-0.69	0.81	0.25	0.8	-0.41	0.41	0.84	0.65	0.71
Common Stock Shares Outstanding	-0.65	-0.04	0.28	0.04	-0.75	-0.5	0.26	-0.27	-0.38	-0.72	0.39	-0.37	-0.13		-0.2	0.14	0.41	0.21	-0.14	-0.2	-0.24	0.06	-0.23	0.28	-0.41	-0.26
Non Current Liabilities Total	0.66	0.64	0.04	0.55	0.44	0.49	0.29	0.46	0.41	0.55	0.31	0.41	0.65	-0.2		0.35	0.02	-0.58	0.95	0.27	0.67	-0.17	0.37	0.49	0.59	0.56
Inventory	0.17	-0.13	-0.15	0.43	0.05	0.29	0.46	0.08	-0.24	0.02	0.46	-0.24	0.59	0.14	0.35		0.64	-0.01	0.42	0.23	0.45	-0.54	0.12	0.6	-0.05	-0.07
Other Current Assets	-0.46	0.04	0.0	-0.23	-0.54	-0.28	0.58	-0.45	-0.53	-0.54	0.48	-0.53	-0.12	0.41	0.02	0.64		0.52	-0.07	-0.03	-0.1	-0.18	-0.26	0.1	-0.54	-0.61
Other Stockholder Equity	-0.8	-0.34	-0.07	-0.69	-0.73	-0.57	0.23	-0.9	-0.59	-0.75	0.08	-0.59	-0.69	0.21	-0.58	-0.01	0.52		-0.68	-0.55	-0.63	0.07	-0.68	-0.51	-0.95	-0.97
Total Liab	0.72	0.55	0.03	0.78	0.49	0.52	0.16	0.52	0.48	0.56	0.34	0.48	0.81	-0.14	0.95	0.42	-0.07	-0.68		0.22	0.79	-0.2	0.35	0.7	0.67	0.69
Property Plant And Equipment Gross	0.47	-0.01	0.06	0.06	0.5	0.51	0.2	0.77	0.0	0.53	-0.2	0.0	0.25	-0.2	0.27	0.23	-0.03	-0.55	0.22		0.16	-0.31	0.87	-0.02	0.47	0.38
Total Current Assets	0.74	0.39	-0.01	0.77	0.6	0.46	-0.34	0.45	0.75	0.49	0.28	0.75	0.8	-0.24	0.67	0.45	-0.1	-0.63	0.79	0.16		-0.12	0.18	0.7	0.59	0.67
Short Term Debt	-0.24	0.49	0.43	-0.2	-0.23	-0.47	-0.41	-0.23	0.3	-0.26	-0.34	0.3	-0.41	0.06	-0.17	-0.54	-0.18	0.07	-0.2	-0.31	-0.12		-0.3	-0.23	-0.04	-0.01
Intangible Assets	0.61	0.01	-0.07	0.22	0.62	0.66	0.23	0.89	0.04	0.7	-0.3	0.04	0.41	-0.23	0.37	0.12	-0.26	-0.68	0.35	0.87	0.18	-0.3		0.05	0.63	0.54
Accounts Payable	0.38	0.14	-0.03	0.9	0.18	0.27	0.03	0.3	0.24	0.17	0.5	0.24	0.84	0.28	0.49	0.6	0.1	-0.51	0.7	-0.02	0.7	-0.23	0.05		0.44	0.53
Common Stock Total Equity	0.85	0.35	0.03	0.63	0.79	0.57	-0.23	0.84	0.58	0.83	-0.09	0.59	0.65	-0.41	0.59	-0.05	-0.54	-0.95	0.67	0.47	0.59	-0.04	0.63	0.44		0.95
Common Stock	0.82	0.34	0.01	0.72	0.75	0.56	-0.36	0.83	0.69	0.75	-0.08	0.69	0.71	-0.26	0.56	-0.07	-0.61	-0.97	0.69	0.38	0.67	-0.01	0.54	0.53	0.95

Click cells to compare fundamentals

CTS Account Relationship Matchups

CTS fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	626.0M	664.5M	748.5M	741.2M	766.1M	481.3M
Short Long Term Debt Total	81.1M	74.7M	109.4M	96.9M	117.1M	86.5M
Other Current Liab	13.8M	20.2M	31.7M	42.2M	43.3M	45.4M
Total Current Liabilities	104.9M	114.1M	112.5M	97.0M	97.6M	101.9M
Total Stockholder Equity	423.7M	463.6M	506.2M	526.8M	530.9M	290.2M
Property Plant And Equipment Net	120.7M	118.5M	120.0M	119.0M	117.3M	103.4M
Net Debt	(10.7M)	(66.7M)	(47.6M)	(67.0M)	22.8M	23.9M
Retained Earnings	539.3M	492.2M	546.7M	602.2M	655.5M	688.3M
Cash	91.8M	141.5M	156.9M	163.9M	94.3M	66.8M
Non Current Assets Total	392.8M	375.4M	422.7M	421.8M	521.8M	269.0M
Non Currrent Assets Other	2.6M	2.4M	17.4M	15.3M	13.2M	12.5M
Cash And Short Term Investments	91.8M	141.5M	156.9M	163.9M	94.3M	68.0M
Net Receivables	81.0M	82.2M	90.9M	78.6M	77.6M	74.0M
Common Stock Shares Outstanding	32.6M	32.3M	32.2M	31.6M	30.7M	36.4M
Liabilities And Stockholders Equity	626.0M	664.5M	748.5M	741.2M	766.1M	481.3M
Non Current Liabilities Total	97.4M	86.8M	129.7M	117.3M	137.7M	95.1M
Inventory	45.9M	49.5M	62.3M	60.0M	53.6M	56.0M
Other Current Assets	14.6M	15.9M	15.7M	16.9M	18.7M	20.4M
Other Stockholder Equity	(330.9M)	(338.8M)	(356.6M)	(398.9M)	(442.4M)	(420.2M)
Total Liab	202.4M	200.9M	242.3M	214.3M	235.3M	195.0M
Property Plant And Equipment Gross	120.7M	118.5M	120.0M	362.6M	362.3M	380.4M
Total Current Assets	233.2M	289.1M	325.8M	319.3M	244.3M	216.7M
Accumulated Other Comprehensive Income	(95.9M)	(4.5M)	(671K)	4.3M	(4.3M)	(4.5M)
Short Term Debt	6.6M	3.8M	13.1M	4.4M	4.7M	4.5M
Intangible Assets	79.1M	69.9M	108.1M	104.0M	163.9M	172.1M
Accounts Payable	50.5M	55.5M	53.2M	43.5M	42.6M	51.7M
Common Stock Total Equity	307.9M	311.2M	314.6M	316.8M	364.3M	306.3M
Common Stock	311.2M	314.6M	316.8M	319.3M	322.0M	310.4M
Other Liab	16.5M	19.7M	15.5M	24.3M	28.0M	17.4M
Other Assets	106.8M	77.2M	42.3M	41.2M	40.8M	77.8M
Treasury Stock	(364.4M)	(372.5M)	(381.3M)	(402.8M)	(362.5M)	(380.6M)
Property Plant Equipment	97.4M	118.5M	120.0M	119.0M	117.3M	86.1M
Good Will	109.5M	109.8M	152.4M	157.6M	199.9M	209.9M
Current Deferred Revenue	24.3M	25.4M	2.8M	2.2M	2.0M	1.9M
Net Tangible Assets	213.9M	235.1M	283.9M	245.8M	282.7M	247.4M
Retained Earnings Total Equity	509.8M	539.3M	492.2M	546.7M	628.7M	480.2M
Short Term Investments	576K	82K	1.6M	1.1M	1.3M	1.4M

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