IDT Property Plant Equipment vs Total Stockholder Equity Analysis

IDT Stock

USD 39.97 0.56 1.38%

IDT financial indicator trend analysis is infinitely more than just investigating IDT Corporation recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether IDT Corporation is a good investment. Please check the relationship between IDT Property Plant Equipment and its Total Stockholder Equity accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in IDT Corporation. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in unemployment.

Property Plant Equipment vs Total Stockholder Equity

Property Plant Equipment vs Total Stockholder Equity Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of IDT Corporation Property Plant Equipment account and Total Stockholder Equity. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between IDT's Property Plant Equipment and Total Stockholder Equity is -0.49. Overlapping area represents the amount of variation of Property Plant Equipment that can explain the historical movement of Total Stockholder Equity in the same time period over historical financial statements of IDT Corporation, assuming nothing else is changed. The correlation between historical values of IDT's Property Plant Equipment and Total Stockholder Equity is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Property Plant Equipment of IDT Corporation are associated (or correlated) with its Total Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Stockholder Equity has no effect on the direction of Property Plant Equipment i.e., IDT's Property Plant Equipment and Total Stockholder Equity go up and down completely randomly.

Correlation Coefficient

-0.49

Relationship Direction	Negative
Relationship Strength	Very Weak

View All Relationships

Property Plant Equipment

Total Stockholder Equity

The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.

Most indicators from IDT's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into IDT 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in IDT Corporation. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in unemployment.

At this time, IDT's Tax Provision is comparatively stable compared to the past year. Enterprise Value is likely to gain to about 289.3 M in 2024, whereas Selling General Administrative is likely to drop slightly above 214.3 M in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	329.6M	363.1M	417.6M	306.6M
Total Revenue	1.4B	1.2B	1.4B	1.5B

Gross Profit Total Revenue

IDT fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Non Currrent Assets Other	Short Long Term Debt Total	Short Term Debt	Intangible Assets	Common Stock Total Equity	Short Term Investments	Common Stock
Total Assets		0.25	0.88	0.77	0.48	-0.85	-0.05	0.47	0.74	0.86	0.88	0.49	0.75	0.11	0.36	0.77	0.84	0.45	0.97	0.45	-0.21	0.36	0.36	0.31	-0.27	0.31
Other Current Liab	0.25		0.28	-0.01	0.6	-0.4	-0.49	0.62	0.53	0.45	0.2	0.62	0.17	0.47	0.44	0.52	0.38	-0.01	0.13	0.7	0.52	-0.58	-0.28	-0.28	-0.5	-0.29
Total Current Liabilities	0.88	0.28		0.4	0.51	-0.76	-0.39	0.73	0.66	0.62	0.62	0.67	0.83	0.02	0.48	0.81	0.97	0.26	0.91	0.52	-0.18	0.43	0.08	0.01	-0.53	0.0
Total Stockholder Equity	0.77	-0.01	0.4		0.16	-0.62	0.52	-0.16	0.47	0.77	0.85	-0.06	0.34	0.01	0.09	0.34	0.31	0.62	0.69	0.06	-0.32	0.27	0.65	0.61	0.27	0.61
Property Plant And Equipment Net	0.48	0.6	0.51	0.16		-0.66	-0.66	0.63	0.72	0.65	0.49	0.74	0.27	0.34	0.53	0.86	0.59	0.22	0.35	0.62	0.37	-0.26	-0.46	-0.35	-0.28	-0.37
Net Debt	-0.85	-0.4	-0.76	-0.62	-0.66		0.21	-0.49	-0.95	-0.88	-0.86	-0.54	-0.55	-0.38	-0.28	-0.8	-0.74	-0.53	-0.75	-0.72	-0.22	-0.04	-0.19	-0.05	0.41	-0.05
Retained Earnings	-0.05	-0.49	-0.39	0.52	-0.66	0.21		-0.82	-0.37	-0.09	0.06	-0.76	-0.19	-0.27	-0.4	-0.63	-0.52	0.36	-0.03	-0.57	-0.48	0.21	0.78	0.57	0.64	0.59
Accounts Payable	0.47	0.62	0.73	-0.16	0.63	-0.49	-0.82		0.56	0.35	0.2	0.91	0.6	0.29	0.52	0.76	0.83	-0.09	0.48	0.7	0.26	0.03	-0.4	-0.4	-0.76	-0.41
Cash	0.74	0.53	0.66	0.47	0.72	-0.95	-0.37	0.56		0.86	0.8	0.61	0.47	0.55	0.21	0.83	0.72	0.36	0.61	0.85	0.47	-0.16	0.05	-0.01	-0.53	-0.02
Non Current Assets Total	0.86	0.45	0.62	0.77	0.65	-0.88	-0.09	0.35	0.86		0.95	0.45	0.39	0.36	0.33	0.8	0.64	0.43	0.7	0.57	0.16	-0.01	0.19	0.35	-0.2	0.34
Cash And Short Term Investments	0.88	0.2	0.62	0.85	0.49	-0.86	0.06	0.2	0.8	0.95		0.29	0.4	0.2	0.26	0.71	0.6	0.46	0.75	0.41	0.0	0.17	0.31	0.49	-0.09	0.49
Net Receivables	0.49	0.62	0.67	-0.06	0.74	-0.54	-0.76	0.91	0.61	0.45	0.29		0.58	0.3	0.41	0.79	0.78	-0.14	0.47	0.65	0.28	-0.11	-0.32	-0.42	-0.58	-0.43
Common Stock Shares Outstanding	0.75	0.17	0.83	0.34	0.27	-0.55	-0.19	0.6	0.47	0.39	0.4	0.58		0.05	0.15	0.54	0.83	0.22	0.85	0.39	-0.27	0.4	0.37	-0.11	-0.42	-0.11
Non Current Liabilities Total	0.11	0.47	0.02	0.01	0.34	-0.38	-0.27	0.29	0.55	0.36	0.2	0.3	0.05		-0.21	0.3	0.16	0.05	-0.03	0.71	0.75	-0.46	-0.02	-0.2	-0.5	-0.21
Other Current Assets	0.36	0.44	0.48	0.09	0.53	-0.28	-0.4	0.52	0.21	0.33	0.26	0.41	0.15	-0.21		0.53	0.44	0.2	0.33	0.14	-0.2	0.21	-0.5	-0.02	-0.15	-0.03
Other Stockholder Equity	0.77	0.52	0.81	0.34	0.86	-0.8	-0.63	0.76	0.83	0.8	0.71	0.79	0.54	0.3	0.53		0.87	0.17	0.68	0.68	0.22	0.05	-0.26	-0.06	-0.48	-0.07
Total Liab	0.84	0.38	0.97	0.31	0.59	-0.74	-0.52	0.83	0.72	0.64	0.6	0.78	0.83	0.16	0.44	0.87		0.14	0.86	0.63	-0.04	0.3	-0.01	-0.05	-0.61	-0.06
Property Plant And Equipment Gross	0.45	-0.01	0.26	0.62	0.22	-0.53	0.36	-0.09	0.36	0.43	0.46	-0.14	0.22	0.05	0.2	0.17	0.14		0.42	0.18	-0.14	0.22	0.36	0.08	0.09	0.1
Total Current Assets	0.97	0.13	0.91	0.69	0.35	-0.75	-0.03	0.48	0.61	0.7	0.75	0.47	0.85	-0.03	0.33	0.68	0.86	0.42		0.35	-0.37	0.5	0.41	0.26	-0.27	0.26
Non Currrent Assets Other	0.45	0.7	0.52	0.06	0.62	-0.72	-0.57	0.7	0.85	0.57	0.41	0.65	0.39	0.71	0.14	0.68	0.63	0.18	0.35		0.69	-0.35	-0.14	-0.3	-0.79	-0.32
Short Long Term Debt Total	-0.21	0.52	-0.18	-0.32	0.37	-0.22	-0.48	0.26	0.47	0.16	0.0	0.28	-0.27	0.75	-0.2	0.22	-0.04	-0.14	-0.37	0.69		-0.69	-0.37	-0.36	-0.48	-0.38
Short Term Debt	0.36	-0.58	0.43	0.27	-0.26	-0.04	0.21	0.03	-0.16	-0.01	0.17	-0.11	0.4	-0.46	0.21	0.05	0.3	0.22	0.5	-0.35	-0.69		0.23	0.29	0.13	0.29
Intangible Assets	0.36	-0.28	0.08	0.65	-0.46	-0.19	0.78	-0.4	0.05	0.19	0.31	-0.32	0.37	-0.02	-0.5	-0.26	-0.01	0.36	0.41	-0.14	-0.37	0.23		0.44	0.22	0.46
Common Stock Total Equity	0.31	-0.28	0.01	0.61	-0.35	-0.05	0.57	-0.4	-0.01	0.35	0.49	-0.42	-0.11	-0.2	-0.02	-0.06	-0.05	0.08	0.26	-0.3	-0.36	0.29	0.44		0.25	1.0
Short Term Investments	-0.27	-0.5	-0.53	0.27	-0.28	0.41	0.64	-0.76	-0.53	-0.2	-0.09	-0.58	-0.42	-0.5	-0.15	-0.48	-0.61	0.09	-0.27	-0.79	-0.48	0.13	0.22	0.25		0.27
Common Stock	0.31	-0.29	0.0	0.61	-0.37	-0.05	0.59	-0.41	-0.02	0.34	0.49	-0.43	-0.11	-0.21	-0.03	-0.07	-0.06	0.1	0.26	-0.32	-0.38	0.29	0.46	1.0	0.27

Click cells to compare fundamentals

IDT Account Relationship Matchups

IDT fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	404.8M	512.7M	497.1M	510.8M	459.7M	626.8M
Other Current Liab	12.1M	27.9M	150.8M	39.3M	45.1M	42.9M
Total Current Liabilities	324.9M	339.3M	305.1M	294.1M	338.2M	359.8M
Total Stockholder Equity	74.8M	164.9M	167.6M	193.7M	174.4M	265.2M
Property Plant And Equipment Net	39.6M	38.5M	44.1M	44.2M	39.8M	37.8M
Net Debt	(77.5M)	(101.7M)	(93.7M)	(100.8M)	(115.9M)	(121.7M)
Retained Earnings	(139.3M)	(42.9M)	(15.8M)	24.7M	22.2M	23.3M
Accounts Payable	31.1M	24.5M	29.1M	22.2M	20.0M	19.0M
Cash	84.9M	107.1M	98.4M	103.6M	93.3M	125.3M
Non Current Assets Total	82.6M	124.5M	134.5M	123.7M	111.4M	201.1M
Cash And Short Term Investments	109.2M	163.6M	137.7M	152.2M	137.0M	258.7M
Net Receivables	44.2M	46.6M	64.3M	32.1M	28.9M	27.4M
Common Stock Shares Outstanding	26.4M	26.1M	26.4M	25.6M	23.0M	21.0M
Liabilities And Stockholders Equity	404.8M	512.7M	497.1M	510.8M	459.7M	626.8M
Non Current Liabilities Total	8.7M	6.7M	11.2M	6.2M	5.6M	5.3M
Other Current Assets	19.3M	16.8M	30.8M	60.8M	69.9M	95.9M
Other Stockholder Equity	221.2M	217.6M	194.4M	185.9M	167.4M	265.6M
Total Liab	333.6M	346.0M	316.3M	300.3M	270.3M	339.5M
Property Plant And Equipment Gross	39.6M	38.5M	44.1M	220.8M	198.7M	106.8M
Total Current Assets	322.1M	388.1M	362.6M	387.1M	348.4M	425.7M
Accumulated Other Comprehensive Income	(7.4M)	(10.2M)	(11.3M)	(17.2M)	(19.8M)	(18.8M)
Non Currrent Assets Other	8.9M	10.4M	10.3M	10.9M	9.8M	9.3M
Short Long Term Debt Total	7.4M	5.5M	4.6M	2.9M	2.6M	2.5M
Short Term Debt	125.5M	129.1M	2.9M	110.8M	127.4M	133.8M
Intangible Assets	4.0M	7.6M	9.6M	8.2M	7.4M	7.0M
Short Term Investments	24.3M	56.4M	39.4M	48.6M	43.8M	41.6M
Common Stock	293K	297K	310K	312K	280.8K	403.6K
Other Liab	1.4M	1.2M	6.6M	3.4M	3.0M	2.9M
Other Assets	17.4M	51.9M	47.0M	35.0M	31.5M	48.4M
Inventory	149.5M	161.1M	129.8M	141.9M	163.2M	171.4M
Property Plant Equipment	39.6M	38.5M	44.1M	44.2M	39.8M	37.8M
Current Deferred Revenue	156.1M	157.8M	122.3M	121.8M	140.1M	134.2M
Treasury Stock	(51.7M)	(56.2M)	(60.4M)	(101.6M)	(116.8M)	(122.6M)
Good Will	12.9M	14.9M	26.4M	26.5M	23.8M	28.9M
Noncontrolling Interest In Consolidated Entity	(2.7M)	(3.6M)	1.8M	3.0M	2.7M	2.6M
Retained Earnings Total Equity	(160.8M)	(139.3M)	(42.9M)	(15.8M)	(14.2M)	(15.0M)
Deferred Long Term Liab	2.4M	3.2M	3.5M	3.7M	4.3M	4.5M

Pair Trading with IDT

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

Moving together with IDT Stock

0.73

ATT Inc Aggressive Push

Pair Corr

Moving against IDT Stock

0.51	VSME	VS Media Holdings	Pair Corr
0.45	ANGHW	Anghami Warrants	Pair Corr

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

The correlation of IDT 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 IDT moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if IDT Corporation 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 IDT 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 IDT Stock Analysis

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

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