| 0RUE Stock | | | 4.33 0.03 0.70% |
Catena Media financial indicator trend analysis is way more than just evaluating Catena Media PLC prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Catena Media PLC is a good investment. Please check the relationship between Catena Media Cash and its Total Current Liabilities accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Catena Media PLC. 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.
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
Catena Media PLC Cash account and
Total Current Liabilities. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Catena Media's Cash and Total Current Liabilities is -0.57. 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 Catena Media PLC, assuming nothing else is changed. The correlation between historical values of Catena Media's 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 Catena Media PLC 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., Catena Media's Cash and Total Current Liabilities go up and down completely randomly.
Correlation Coefficient | -0.57 |
| Relationship Direction | Negative |
| Relationship Strength | Very Weak |
Cash
Cash refers to the most liquid asset of Catena Media PLC, which is listed under current asset account on Catena Media PLC balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Catena Media customers. The amounts must be unrestricted with restricted cash listed in a different Catena Media 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 Catena Media balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Catena Media PLC 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 Catena Media's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Catena Media PLC 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 Catena Media PLC. 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.
Tax Provision is likely to drop to about 1.7
M in 2024.
Selling General Administrative is likely to drop to about 19.1
M in 2024
Catena Media fundamental ratios Correlations
Click cells to compare fundamentals
Catena Media Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Catena Media fundamental ratios Accounts
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Additional Tools for Catena Stock Analysis
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measure Catena Media'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 Catena Media is operating at the current time. Most of Catena Media's value examination focuses on studying past and present price action to
predict the probability of Catena Media's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Catena Media's price. Additionally, you may evaluate how the addition of Catena Media to your portfolios can decrease your overall portfolio volatility.