Silkroad Total Current Liabilities vs Cash Analysis

300556 Stock

19.69 0.71 3.48%

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

Total Current Liabilities vs Cash

Total Current Liabilities vs Cash Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Silkroad Visual Tech Total Current Liabilities account and Cash. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Silkroad Visual's Total Current Liabilities and Cash is 0.97. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Cash in the same time period over historical financial statements of Silkroad Visual Technology, assuming nothing else is changed. The correlation between historical values of Silkroad Visual's Total Current Liabilities and Cash 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 Silkroad Visual Technology are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Total Current Liabilities i.e., Silkroad Visual's Total Current Liabilities and Cash go up and down completely randomly.

Correlation Coefficient

0.97

Relationship Direction	Positive
Relationship Strength	Very Strong

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Total Current Liabilities

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

Cash

Cash refers to the most liquid asset of Silkroad Visual Tech, which is listed under current asset account on Silkroad Visual Technology balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Silkroad Visual customers. The amounts must be unrestricted with restricted cash listed in a different Silkroad Visual 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.

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

The current year's Selling General Administrative is expected to grow to about 113.9 M, whereas Tax Provision is projected to grow to (1.7 M).

	2021	2022	2023	2024 (projected)
Operating Income	137.4M	100.0M	154.3M	162.0M
Total Revenue	1.4B	1.3B	1.4B	754.7M

Operating Income Total Revenue

Silkroad Visual fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Retained Earnings	Accounts Payable	Cash	Other Assets	Net Receivables	Good Will	Inventory	Other Current Assets	Total Liab	Intangible Assets	Common Stock	Property Plant Equipment	Other Liab	Net Tangible Assets	Other Stockholder Equity	Deferred Long Term Liab	Total Current Assets	Non Current Assets Total	Non Currrent Assets Other	Short Term Investments	Non Current Liabilities Total	Short Long Term Debt
Total Assets		0.4	0.99	0.89	0.88	0.99	0.99	0.97	0.84	-0.65	0.84	0.74	0.99	0.41	0.67	0.95	0.94	0.92	0.83	-0.91	0.93	0.9	0.85	-0.66	0.86	0.75
Other Current Liab	0.4		0.46	0.57	0.62	0.36	0.33	0.39	0.67	-0.7	0.76	0.87	0.37	-0.47	0.45	0.35	0.16	0.51	-0.11	-0.55	0.51	0.44	0.24	0.26	0.0	0.34
Total Current Liabilities	0.99	0.46		0.88	0.88	0.99	0.97	0.97	0.85	-0.71	0.87	0.78	0.99	0.4	0.63	0.94	0.89	0.92	0.78	-0.92	0.93	0.9	0.86	-0.64	0.82	0.78
Total Stockholder Equity	0.89	0.57	0.88		0.99	0.84	0.86	0.86	0.95	-0.69	0.92	0.84	0.86	0.08	0.81	0.84	0.81	0.97	0.61	-0.88	0.96	0.9	0.69	-0.29	0.67	0.72
Retained Earnings	0.88	0.62	0.88	0.99		0.84	0.85	0.87	0.94	-0.72	0.95	0.88	0.86	0.03	0.73	0.83	0.78	0.97	0.59	-0.89	0.96	0.91	0.69	-0.26	0.66	0.74
Accounts Payable	0.99	0.36	0.99	0.84	0.84		0.96	0.97	0.81	-0.62	0.82	0.72	1.0	0.5	0.58	0.96	0.92	0.9	0.84	-0.86	0.92	0.91	0.85	-0.7	0.87	0.75
Cash	0.99	0.33	0.97	0.86	0.85	0.96		0.94	0.79	-0.66	0.8	0.66	0.98	0.45	0.66	0.9	0.93	0.89	0.86	-0.92	0.92	0.84	0.88	-0.69	0.88	0.8
Other Assets	0.97	0.39	0.97	0.86	0.87	0.97	0.94		0.78	-0.55	0.85	0.75	0.97	0.4	0.63	0.94	0.95	0.89	0.78	-0.84	0.9	0.92	0.85	-0.63	0.83	0.73
Net Receivables	0.84	0.67	0.85	0.95	0.94	0.81	0.79	0.78		-0.77	0.91	0.9	0.81	0.02	0.77	0.82	0.68	0.92	0.48	-0.86	0.91	0.84	0.61	-0.25	0.55	0.64
Good Will	-0.65	-0.7	-0.71	-0.69	-0.72	-0.62	-0.66	-0.55	-0.77		-0.73	-0.7	-0.65	-0.02	-0.55	-0.51	-0.38	-0.69	-0.35	0.84	-0.73	-0.52	-0.66	0.21	-0.37	-0.72
Inventory	0.84	0.76	0.87	0.92	0.95	0.82	0.8	0.85	0.91	-0.73		0.95	0.83	-0.01	0.67	0.81	0.71	0.92	0.5	-0.83	0.92	0.89	0.65	-0.19	0.59	0.71
Other Current Assets	0.74	0.87	0.78	0.84	0.88	0.72	0.66	0.75	0.9	-0.7	0.95		0.72	-0.19	0.63	0.74	0.58	0.81	0.29	-0.76	0.8	0.79	0.51	-0.08	0.4	0.51
Total Liab	0.99	0.37	0.99	0.86	0.86	1.0	0.98	0.97	0.81	-0.65	0.83	0.72		0.46	0.6	0.95	0.92	0.91	0.85	-0.89	0.93	0.9	0.86	-0.68	0.89	0.77
Intangible Assets	0.41	-0.47	0.4	0.08	0.03	0.5	0.45	0.4	0.02	-0.02	-0.01	-0.19	0.46		-0.04	0.42	0.49	0.22	0.7	-0.21	0.26	0.3	0.55	-0.86	0.62	0.4
Common Stock	0.67	0.45	0.63	0.81	0.73	0.58	0.66	0.63	0.77	-0.55	0.67	0.63	0.6	-0.04		0.6	0.62	0.69	0.36	-0.72	0.66	0.57	0.52	-0.22	0.39	0.49
Property Plant Equipment	0.95	0.35	0.94	0.84	0.83	0.96	0.9	0.94	0.82	-0.51	0.81	0.74	0.95	0.42	0.6		0.91	0.88	0.79	-0.76	0.88	0.92	0.77	-0.64	0.85	0.58
Other Liab	0.94	0.16	0.89	0.81	0.78	0.92	0.93	0.95	0.68	-0.38	0.71	0.58	0.92	0.49	0.62	0.91		0.84	0.87	-0.77	0.83	0.87	0.81	-0.71	0.9	0.63
Net Tangible Assets	0.92	0.51	0.92	0.97	0.97	0.9	0.89	0.89	0.92	-0.69	0.92	0.81	0.91	0.22	0.69	0.88	0.84		0.7	-0.89	0.99	0.95	0.75	-0.38	0.75	0.78
Other Stockholder Equity	0.83	-0.11	0.78	0.61	0.59	0.84	0.86	0.78	0.48	-0.35	0.5	0.29	0.85	0.7	0.36	0.79	0.87	0.7		-0.64	0.73	0.71	0.75	-0.79	0.99	0.65
Deferred Long Term Liab	-0.91	-0.55	-0.92	-0.88	-0.89	-0.86	-0.92	-0.84	-0.86	0.84	-0.83	-0.76	-0.89	-0.21	-0.72	-0.76	-0.77	-0.89	-0.64		-0.91	-0.76	-0.81	0.48	-0.66	-0.83
Total Current Assets	0.93	0.51	0.93	0.96	0.96	0.92	0.92	0.9	0.91	-0.73	0.92	0.8	0.93	0.26	0.66	0.88	0.83	0.99	0.73	-0.91		0.94	0.76	-0.41	0.79	0.83
Non Current Assets Total	0.9	0.44	0.9	0.9	0.91	0.91	0.84	0.92	0.84	-0.52	0.89	0.79	0.9	0.3	0.57	0.92	0.87	0.95	0.71	-0.76	0.94		0.72	-0.42	0.78	0.69
Non Currrent Assets Other	0.85	0.24	0.86	0.69	0.69	0.85	0.88	0.85	0.61	-0.66	0.65	0.51	0.86	0.55	0.52	0.77	0.81	0.75	0.75	-0.81	0.76	0.72		-0.74	0.74	0.75
Short Term Investments	-0.66	0.26	-0.64	-0.29	-0.26	-0.7	-0.69	-0.63	-0.25	0.21	-0.19	-0.08	-0.68	-0.86	-0.22	-0.64	-0.71	-0.38	-0.79	0.48	-0.41	-0.42	-0.74		-0.73	-0.43
Non Current Liabilities Total	0.86	0.0	0.82	0.67	0.66	0.87	0.88	0.83	0.55	-0.37	0.59	0.4	0.89	0.62	0.39	0.85	0.9	0.75	0.99	-0.66	0.79	0.78	0.74	-0.73		0.64
Short Long Term Debt	0.75	0.34	0.78	0.72	0.74	0.75	0.8	0.73	0.64	-0.72	0.71	0.51	0.77	0.4	0.49	0.58	0.63	0.78	0.65	-0.83	0.83	0.69	0.75	-0.43	0.64

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Silkroad Visual Account Relationship Matchups

Silkroad Visual fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.0B	1.2B	1.7B	2.0B	2.2B	2.3B
Other Current Liab	114.5M	123.3M	157.5M	101.4M	33.8M	32.1M
Total Current Liabilities	508.8M	606.0M	833.7M	807.5M	983.8M	1.0B
Total Stockholder Equity	512.7M	610.8M	790.0M	873.9M	947.8M	499.1M
Retained Earnings	177.6M	232.4M	294.8M	331.4M	320.1M	166.2M
Accounts Payable	199.4M	249.6M	436.0M	433.6M	565.7M	594.0M
Cash	307.1M	371.9M	389.6M	584.5M	650.3M	682.8M
Other Assets	29.8M	94.9M	107.1M	109.6M	126.0M	132.3M
Net Receivables	532.6M	359.5M	731.6M	553.6M	655.6M	353.4M
Inventory	24.5M	37.1M	49.2M	46.8M	37.1M	22.6M
Other Current Assets	47.1M	57.1M	101.3M	67.3M	38.3M	33.9M
Total Liab	510.9M	616.0M	896.7M	1.1B	1.2B	1.3B
Intangible Assets	6.4M	4.8M	3.6M	5.2M	52.2M	54.9M
Common Stock	115.2M	117.7M	119.4M	119.5M	137.4M	104.4M
Property Plant Equipment	31.6M	35.8M	113.4M	94.7M	108.9M	114.4M
Other Liab	2.1M	9.9M	10.7M	16.2M	18.6M	19.5M
Net Tangible Assets	506.0M	599.7M	780.0M	862.4M	991.8M	580.8M
Other Stockholder Equity	(18.4K)	121.8K	182.5K	22.8M	26.2M	27.5M
Deferred Long Term Liab	11.4M	11.3M	12.8M	11.1M	10.0M	10.9M
Total Current Assets	915.2M	972.5M	1.3B	1.6B	1.7B	1.0B
Non Current Assets Total	111.0M	255.7M	409.2M	393.4M	464.1M	269.4M
Non Currrent Assets Other	10.0M	93.4M	59.6M	62.2M	138.4M	145.3M
Non Current Liabilities Total	2.1M	9.9M	62.9M	273.0M	260.9M	274.0M
Short Long Term Debt	80M	99.9M	44.9M	85M	127.1M	72.0M
Common Stock Shares Outstanding	115.2M	117.7M	119.4M	119.9M	121.4M	128.8M
Net Invested Capital	592.7M	710.7M	834.9M	1.2B	1.3B	873.0M
Net Working Capital	406.4M	366.4M	442.3M	754.2M	744.3M	529.8M
Capital Stock	115.2M	117.7M	119.4M	119.5M	121.3M	129.8M

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Other Information on Investing in Silkroad Stock

Balance Sheet is a snapshot of the financial position of Silkroad Visual Tech at a specified time, usually calculated after every quarter, six months, or one year. Silkroad Visual Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Silkroad Visual 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 Silkroad currently owns. An asset can also be divided into two categories, current and non-current.

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Silkroad Total Current Liabilities vs Cash Analysis

Total Current Liabilities vs Cash

Total Current Liabilities vs Cash Correlation Analysis

Correlation Coefficient

Total Current Liabilities

Cash

Silkroad Visual fundamental ratios Correlations

Silkroad Visual Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Silkroad Visual fundamental ratios Accounts

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Total Liab	+ 1.0	Accounts Payable
Total Current Liabilities	+ 0.99	Total Assets
Accounts Payable	+ 0.99	Total Assets
Cash	+ 0.99	Total Assets
Total Liab	+ 0.99	Total Assets
Accounts Payable	+ 0.99	Total Current Liabilities

Deferred Long Term Liab	- 0.92	Cash
Deferred Long Term Liab	- 0.92	Total Current Liabilities
Total Current Assets	- 0.91	Deferred Long Term Liab
Deferred Long Term Liab	- 0.91	Total Assets
Deferred Long Term Liab	- 0.89	Net Tangible Assets
Deferred Long Term Liab	- 0.89	Total Liab