63MOONS Total Assets vs Total Current Assets Analysis

63MOONS Stock   940.25  44.75  5.00%   
63 Moons financial indicator trend analysis is way more than just evaluating 63 moons technologies prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether 63 moons technologies is a good investment. Please check the relationship between 63 Moons Total Assets and its Total Current Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in 63 moons technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.

Total Assets vs Total Current Assets

Total Assets vs Total Current Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of 63 moons technologies Total Assets account and Total Current Assets. At this time, the significance of the direction appears to have very strong relationship.
The correlation between 63 Moons' Total Assets and Total Current Assets is 0.84. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Total Current Assets in the same time period over historical financial statements of 63 moons technologies, assuming nothing else is changed. The correlation between historical values of 63 Moons' Total Assets and Total Current 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 Assets of 63 moons technologies are associated (or correlated) with its Total Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Assets has no effect on the direction of Total Assets i.e., 63 Moons' Total Assets and Total Current Assets go up and down completely randomly.

Correlation Coefficient

0.84
Relationship DirectionPositive 
Relationship StrengthStrong

Total Assets

Total assets refers to the total amount of 63 Moons 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 63 moons technologies 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.

Total Current Assets

The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.
Most indicators from 63 Moons' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into 63 moons technologies 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 63 moons technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.
Selling General Administrative is likely to drop to about 849.7 M in 2024. Tax Provision is likely to drop to about 14.7 M in 2024
 2021 2022 2023 2024 (projected)
Interest Expense4.7M6.3M9.7M9.2M
Depreciation And Amortization103.9M212.9M302.9M235.2M

63 Moons fundamental ratios Correlations

0.530.610.680.710.240.610.590.630.050.810.680.420.410.070.530.840.050.50.530.390.240.38-0.720.150.05
0.530.92-0.160.680.680.840.590.11-0.10.670.170.77-0.4-0.280.890.82-0.10.07-0.30.370.710.94-0.03-0.230.38
0.610.92-0.120.710.720.910.69-0.01-0.170.620.210.78-0.27-0.440.930.75-0.260.1-0.240.610.780.890.04-0.280.2
0.68-0.16-0.120.08-0.47-0.090.070.650.320.480.66-0.320.710.5-0.250.380.360.540.950.05-0.5-0.35-0.840.59-0.02
0.710.680.710.080.720.810.680.47-0.310.560.330.860.17-0.270.850.69-0.310.18-0.060.310.710.65-0.39-0.45-0.11
0.240.680.72-0.470.720.780.39-0.01-0.460.19-0.020.9-0.4-0.520.870.33-0.39-0.06-0.60.430.910.830.2-0.71-0.01
0.610.840.91-0.090.810.780.640.13-0.240.510.230.81-0.1-0.260.910.68-0.370.11-0.270.570.780.87-0.04-0.35-0.01
0.590.590.690.070.680.390.640.09-0.230.570.010.70.18-0.450.730.66-0.49-0.14-0.060.350.690.52-0.09-0.17-0.16
0.630.11-0.010.650.47-0.010.130.090.090.340.620.140.450.430.080.420.190.510.55-0.19-0.140.01-0.860.21-0.19
0.05-0.1-0.170.32-0.31-0.46-0.24-0.230.090.230.42-0.440.090.51-0.320.090.670.460.27-0.4-0.5-0.26-0.250.310.39
0.810.670.620.480.560.190.510.570.340.230.530.410.140.060.530.940.30.370.320.210.240.44-0.570.140.55
0.680.170.210.660.33-0.020.230.010.620.420.530.00.360.510.110.510.460.970.550.03-0.20.04-0.720.190.19
0.420.770.78-0.320.860.90.810.70.14-0.440.410.0-0.23-0.530.950.56-0.45-0.1-0.480.330.950.830.03-0.62-0.03
0.41-0.4-0.270.710.17-0.4-0.10.180.450.090.140.36-0.230.35-0.270.05-0.040.250.69-0.01-0.34-0.5-0.590.22-0.44
0.07-0.28-0.440.5-0.27-0.52-0.26-0.450.430.510.060.51-0.530.35-0.510.00.590.520.42-0.36-0.69-0.35-0.510.50.09
0.530.890.93-0.250.850.870.910.730.08-0.320.530.110.95-0.27-0.510.68-0.370.01-0.40.480.920.910.03-0.490.08
0.840.820.750.380.690.330.680.660.420.090.940.510.560.050.00.680.10.350.230.260.390.62-0.50.050.4
0.05-0.1-0.260.36-0.31-0.39-0.37-0.490.190.670.30.46-0.45-0.040.59-0.370.10.490.34-0.28-0.59-0.23-0.430.350.64
0.50.070.10.540.18-0.060.11-0.140.510.460.370.97-0.10.250.520.010.350.490.45-0.06-0.26-0.03-0.590.150.21
0.53-0.3-0.240.95-0.06-0.6-0.27-0.060.550.270.320.55-0.480.690.42-0.40.230.340.450.0-0.62-0.5-0.740.58-0.03
0.390.370.610.050.310.430.570.35-0.19-0.40.210.030.33-0.01-0.360.480.26-0.28-0.060.00.430.470.15-0.07-0.11
0.240.710.78-0.50.710.910.780.69-0.14-0.50.24-0.20.95-0.34-0.690.920.39-0.59-0.26-0.620.430.820.31-0.66-0.09
0.380.940.89-0.350.650.830.870.520.01-0.260.440.040.83-0.5-0.350.910.62-0.23-0.03-0.50.470.820.17-0.380.21
-0.72-0.030.04-0.84-0.390.2-0.04-0.09-0.86-0.25-0.57-0.720.03-0.59-0.510.03-0.5-0.43-0.59-0.740.150.310.17-0.34-0.07
0.15-0.23-0.280.59-0.45-0.71-0.35-0.170.210.310.140.19-0.620.220.5-0.490.050.350.150.58-0.07-0.66-0.38-0.340.08
0.050.380.2-0.02-0.11-0.01-0.01-0.16-0.190.390.550.19-0.03-0.440.090.080.40.640.21-0.03-0.11-0.090.21-0.070.08
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63 Moons Account Relationship Matchups

63 Moons fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets34.0B33.5B33.7B34.7B36.5B31.8B
Other Current Liab2.2B2.5B2.5B3.3B1.8B2.8B
Total Current Liabilities2.5B2.7B2.8B3.6B3.1B4.4B
Total Stockholder Equity31.3B30.6B31.0B31.2B33.5B23.4B
Property Plant And Equipment Net2.2B2.1B2.1B2.1B2.1B3.0B
Net Debt(1.7B)(1.6B)(2.3B)(2.1B)(554.7M)(526.9M)
Accounts Payable267.7M274.3M292.7M237.7M285.0M397.3M
Cash1.7B1.6B2.3B2.1B606.4M576.1M
Non Current Assets Total16.1B15.6B14.2B14.6B17.6B14.6B
Cash And Short Term Investments13.4B13.6B15.4B18.5B14.2B11.8B
Liabilities And Stockholders Equity34.0B33.5B33.7B34.7B36.5B31.8B
Non Current Liabilities Total171.0M160.5M130.8M203.0M195.6M185.8M
Other Current Assets4.0B3.4B3.6B3.9B3.9B3.2B
Other Stockholder Equity7.1B7.1B7.6B4.7B8.1B6.8B
Total Liab2.7B2.9B2.9B3.8B3.3B6.0B
Total Current Assets17.9B17.8B19.5B20.1B18.8B16.2B
Accumulated Other Comprehensive Income(2.0B)2.9B3.0B3.2B3.2B3.4B
Intangible Assets487.7M470.5M651.0M730.5M566.1M594.4M
Retained Earnings24.1B23.4B23.3B23.2B25.3B18.1B
Net Receivables3.5B432.9M240.6M448.8M464.6M441.4M
Short Long Term Debt Total17.0M5.0M2.8M42.0M51.7M49.1M
Inventory420.5M308.4M209.7M193.8M191.8M182.2M
Short Term Debt8.2M1.1M1.5M16.1M25.1M23.8M
Current Deferred Revenue2.0B2.2B910.7M1.9B954.2M1.2B
Short Term Investments11.7B12.0B13.1B16.4B13.6B12.3B
Other Assets2.2B1.1B3.0B2.4B1.00.95
Long Term Debt Total8.8M3.9M1.3M25.9M23.3M22.2M
Property Plant Equipment2.2B2.1B2.1B2.1B1.9B2.0B
Non Current Liabilities Other39.6M711K2.0M1.0M948K900.6K
Cash And Equivalents1.5B1.5B2.2B10.0B11.5B12.0B
Net Invested Capital31.3B30.6B31.0B31.2B33.5B25.4B
Net Working Capital15.4B15.1B16.7B16.5B15.8B17.5B

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