EVS Total Current Liabilities vs Total Assets Analysis

0N9Z Stock   29.40  0.70  2.44%   
EVS Broadcast financial indicator trend analysis is much more than just examining EVS Broadcast Equipment latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether EVS Broadcast Equipment is a good investment. Please check the relationship between EVS Broadcast Total Current Liabilities and its Total Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in EVS Broadcast Equipment. 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.

Total Current Liabilities vs Total Assets

Total Current Liabilities vs Total Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of EVS Broadcast Equipment Total Current Liabilities account and Total Assets. At this time, the significance of the direction appears to have very strong relationship.
The correlation between EVS Broadcast's Total Current Liabilities and Total Assets is 0.83. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Total Assets in the same time period over historical financial statements of EVS Broadcast Equipment, assuming nothing else is changed. The correlation between historical values of EVS Broadcast's Total Current Liabilities and Total Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Current Liabilities of EVS Broadcast Equipment are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Total Current Liabilities i.e., EVS Broadcast's Total Current Liabilities and Total Assets go up and down completely randomly.

Correlation Coefficient

0.83
Relationship DirectionPositive 
Relationship StrengthStrong

Total Current Liabilities

Total Current Liabilities is an item on EVS Broadcast balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of EVS Broadcast Equipment 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.

Total Assets

Total assets refers to the total amount of EVS Broadcast assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in EVS Broadcast Equipment books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.
Most indicators from EVS Broadcast's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into EVS Broadcast Equipment 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 EVS Broadcast Equipment. 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.
Selling General Administrative is likely to drop to about 863.1 K in 2024. Tax Provision is likely to gain to about (2.4 M) in 2024
 2021 2022 2023 2024 (projected)
Interest Expense893K912K920K566.4K
Depreciation And Amortization7.0M6.7M8.0M8.4M

EVS Broadcast fundamental ratios Correlations

0.330.830.830.89-0.630.830.96-0.420.830.660.04-0.010.68-0.34-0.480.580.990.53-0.50.410.220.66-0.440.570.81
0.330.640.080.290.28-0.110.380.27-0.10.320.30.160.230.04-0.110.530.290.25-0.230.270.350.280.250.080.32
0.830.640.550.82-0.280.580.870.00.590.540.090.170.51-0.38-0.220.810.780.36-0.590.590.490.50.010.560.61
0.830.080.550.65-0.740.760.72-0.530.750.87-0.48-0.210.9-0.15-0.690.30.850.79-0.480.160.070.61-0.570.380.75
0.890.290.820.65-0.430.760.96-0.340.770.470.070.230.45-0.46-0.280.710.810.24-0.540.690.510.35-0.30.820.62
-0.630.28-0.28-0.74-0.43-0.89-0.450.72-0.88-0.370.260.5-0.470.220.450.09-0.7-0.360.270.20.09-0.380.54-0.22-0.44
0.83-0.110.580.760.76-0.890.75-0.621.00.39-0.09-0.170.46-0.4-0.390.310.850.28-0.40.230.220.38-0.470.580.54
0.960.380.870.720.96-0.450.75-0.310.750.580.080.190.59-0.4-0.390.720.90.42-0.520.620.40.53-0.340.70.78
-0.420.270.0-0.53-0.340.72-0.62-0.31-0.6-0.220.120.25-0.270.210.480.15-0.47-0.25-0.130.170.05-0.190.79-0.15-0.41
0.83-0.10.590.750.77-0.881.00.75-0.60.39-0.09-0.150.45-0.41-0.380.330.840.27-0.40.250.240.37-0.450.590.54
0.660.320.540.870.47-0.370.390.58-0.220.39-0.53-0.090.94-0.04-0.60.370.680.9-0.470.20.010.64-0.40.210.69
0.040.30.09-0.480.070.26-0.090.080.12-0.09-0.530.18-0.54-0.090.330.10.01-0.540.270.08-0.030.00.110.05-0.06
-0.010.160.17-0.210.230.5-0.170.190.25-0.15-0.090.18-0.17-0.080.030.72-0.12-0.10.340.80.53-0.10.040.390.12
0.680.230.510.90.45-0.470.460.59-0.270.450.94-0.54-0.170.02-0.740.30.710.93-0.520.11-0.020.74-0.370.10.78
-0.340.04-0.38-0.15-0.460.22-0.4-0.40.21-0.41-0.04-0.09-0.080.02-0.09-0.31-0.290.150.26-0.34-0.310.110.05-0.44-0.19
-0.48-0.11-0.22-0.69-0.280.45-0.39-0.390.48-0.38-0.60.330.03-0.74-0.09-0.17-0.51-0.730.09-0.02-0.06-0.580.53-0.03-0.71
0.580.530.810.30.710.090.310.720.150.330.370.10.720.3-0.31-0.170.480.24-0.230.90.670.290.020.630.51
0.990.290.780.850.81-0.70.850.9-0.470.840.680.01-0.120.71-0.29-0.510.480.57-0.470.280.110.71-0.480.480.81
0.530.250.360.790.24-0.360.280.42-0.250.270.9-0.54-0.10.930.15-0.730.240.57-0.230.0-0.10.69-0.44-0.080.76
-0.5-0.23-0.59-0.48-0.540.27-0.4-0.52-0.13-0.4-0.470.270.34-0.520.260.09-0.23-0.47-0.23-0.23-0.25-0.23-0.28-0.37-0.22
0.410.270.590.160.690.20.230.620.170.250.20.080.80.11-0.34-0.020.90.280.0-0.230.720.00.050.80.28
0.220.350.490.070.510.090.220.40.050.240.01-0.030.53-0.02-0.31-0.060.670.11-0.1-0.250.72-0.330.290.640.04
0.660.280.50.610.35-0.380.380.53-0.190.370.640.0-0.10.740.11-0.580.290.710.69-0.230.0-0.33-0.4-0.110.79
-0.440.250.01-0.57-0.30.54-0.47-0.340.79-0.45-0.40.110.04-0.370.050.530.02-0.48-0.44-0.280.050.29-0.4-0.18-0.53
0.570.080.560.380.82-0.220.580.7-0.150.590.210.050.390.1-0.44-0.030.630.48-0.08-0.370.80.64-0.11-0.180.19
0.810.320.610.750.62-0.440.540.78-0.410.540.69-0.060.120.78-0.19-0.710.510.810.76-0.220.280.040.79-0.530.19
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EVS Broadcast Account Relationship Matchups

EVS Broadcast fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets183.0M190.0M220.2M233.2M251.6M131.6M
Other Current Liab17.0M15.6M13.9M19.9M22.6M13.7M
Total Current Liabilities32.9M33.6M41.0M44.1M47.9M28.2M
Total Stockholder Equity141.8M140.5M162.3M175.8M191.3M200.9M
Property Plant And Equipment Net53.7M56.7M57.0M55.2M55.1M33.0M
Net Debt(46.2M)(35.7M)(54.9M)(33.8M)(36.6M)(38.4M)
Cash59.0M52.7M72.1M49.1M50.9M37.2M
Non Current Assets Total64.3M78.0M76.6M82.0M85.0M45.3M
Non Currrent Assets Other1.2M663K2.6M3.8M6.9M5.0M
Cash And Short Term Investments59.0M52.7M72.3M49.2M51.2M37.4M
Net Receivables36.6M34.0M42.8M66.8M70.5M74.0M
Liabilities And Stockholders Equity183.0M190.0M220.2M233.2M251.6M134.5M
Non Current Liabilities Total8.4M15.9M16.9M13.3M12.3M9.9M
Inventory16.8M22.6M26.0M28.8M33.0M34.7M
Other Current Assets6.3M3.4M2.6M6.5M11.8M12.4M
Other Stockholder Equity(142.1M)(167.1M)(188.3M)(17.4M)(216.1M)(205.3M)
Total Liab41.3M49.5M57.9M57.4M60.3M41.8M
Total Current Assets118.7M112.6M143.6M151.2M166.6M86.3M
Intangible Assets173K7.0M6.1M13.2M16.0M16.8M
Short Long Term Debt Total12.8M17.0M17.3M15.3M14.3M11.0M
Current Deferred Revenue21.3M23.1M10.3M9.3M9.3M14.0M
Accounts Payable4.9M5.8M10.5M9.2M10.7M6.2M
Short Term Investments238K120K201K174K244K449.8K
Short Term Debt6.7M4.7M3.7M3.8M3.9M3.0M
Accumulated Other Comprehensive Income142.9M149.6M171.3M184.5M199.7M209.7M
Retained Earnings132.2M149.3M170.6M183.4M198.9M114.5M
Other Assets7.9M(542K)8.7M8.8M1.00.95
Other Liab1.7M2.7M1.5M1.8M2.0M2.0M
Net Tangible Assets140.5M130.6M153.4M159.7M183.7M151.8M
Property Plant Equipment53.7M56.7M57.0M55.2M63.5M58.5M

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