63MOONS Total Current Liabilities vs Depreciation And Amortization Analysis

63MOONS Stock   579.20  1.35  0.23%   
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 Current Liabilities and its Depreciation And Amortization 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 Current Liabilities vs Depreciation And Amortization

Total Current Liabilities vs Depreciation And Amortization Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of 63 moons technologies Total Current Liabilities account and Depreciation And Amortization. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between 63 Moons' Total Current Liabilities and Depreciation And Amortization is 0.42. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Depreciation And Amortization 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 Current Liabilities and Depreciation And Amortization 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 63 moons technologies are associated (or correlated) with its Depreciation And Amortization. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Depreciation And Amortization has no effect on the direction of Total Current Liabilities i.e., 63 Moons' Total Current Liabilities and Depreciation And Amortization go up and down completely randomly.

Correlation Coefficient

0.42
Relationship DirectionPositive 
Relationship StrengthWeak

Total Current Liabilities

Total Current Liabilities is an item on 63 Moons balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of 63 moons technologies 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.

Depreciation And Amortization

The systematic reduction in the recorded value of an intangible asset. This includes the allocation of the cost of tangible assets to periods in which the assets are used, representing the expense related to the wear and tear, deterioration, or obsolescence of physical assets and intangible assets over their useful lives.
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 9.3 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

0.490.610.680.710.240.630.590.630.050.810.680.420.150.130.530.840.050.50.520.240.410.380.150.050.12
0.490.89-0.230.730.780.770.570.1-0.150.620.140.84-0.090.260.920.74-0.10.05-0.350.780.480.91-0.430.360.25
0.610.89-0.120.710.720.920.69-0.01-0.170.620.210.78-0.20.250.930.75-0.260.1-0.250.780.570.89-0.280.20.54
0.68-0.23-0.120.08-0.47-0.040.070.650.320.480.66-0.320.36-0.08-0.250.380.360.540.95-0.50.03-0.350.59-0.02-0.2
0.710.730.710.080.720.670.680.47-0.310.560.330.86-0.170.250.850.69-0.310.18-0.080.710.480.65-0.45-0.110.15
0.240.780.72-0.470.720.640.39-0.01-0.460.19-0.020.9-0.260.090.870.33-0.39-0.06-0.590.910.240.83-0.71-0.010.34
0.630.770.92-0.040.670.640.730.09-0.150.580.230.74-0.170.150.870.73-0.340.12-0.210.730.590.81-0.120.080.45
0.590.570.690.070.680.390.730.09-0.230.570.010.7-0.30.510.730.66-0.49-0.14-0.090.690.60.52-0.17-0.160.5
0.630.1-0.010.650.47-0.010.090.090.090.340.620.140.28-0.020.080.420.190.510.55-0.140.20.010.21-0.19-0.56
0.05-0.15-0.170.32-0.31-0.46-0.15-0.230.090.230.42-0.440.470.17-0.320.090.670.460.3-0.5-0.2-0.260.310.39-0.31
0.810.620.620.480.560.190.580.570.340.230.530.410.320.10.530.940.30.370.320.240.290.440.140.550.07
0.680.140.210.660.33-0.020.230.010.620.420.530.00.510.010.110.510.460.970.6-0.20.00.040.190.19-0.31
0.420.840.78-0.320.860.90.740.70.14-0.440.410.0-0.270.270.950.56-0.45-0.1-0.490.950.430.83-0.62-0.030.3
0.15-0.09-0.20.36-0.17-0.26-0.17-0.30.280.470.320.51-0.27-0.19-0.240.130.860.540.3-0.42-0.63-0.190.350.48-0.53
0.130.260.25-0.080.250.090.150.51-0.020.170.10.010.27-0.190.270.14-0.17-0.01-0.120.30.230.14-0.23-0.270.25
0.530.920.93-0.250.850.870.870.730.08-0.320.530.110.95-0.240.270.68-0.370.01-0.40.920.520.91-0.490.080.42
0.840.740.750.380.690.330.730.660.420.090.940.510.560.130.140.680.10.350.230.390.550.620.050.40.08
0.05-0.1-0.260.36-0.31-0.39-0.34-0.490.190.670.30.46-0.450.86-0.17-0.370.10.490.36-0.59-0.56-0.230.350.64-0.52
0.50.050.10.540.18-0.060.12-0.140.510.460.370.97-0.10.54-0.010.010.350.490.52-0.26-0.09-0.030.150.21-0.38
0.52-0.35-0.250.95-0.08-0.59-0.21-0.090.550.30.320.6-0.490.3-0.12-0.40.230.360.52-0.630.02-0.50.57-0.01-0.25
0.240.780.78-0.50.710.910.730.69-0.14-0.50.24-0.20.95-0.420.30.920.39-0.59-0.26-0.630.420.82-0.66-0.090.51
0.410.480.570.030.480.240.590.60.2-0.20.290.00.43-0.630.230.520.55-0.56-0.090.020.420.48-0.02-0.150.24
0.380.910.89-0.350.650.830.810.520.01-0.260.440.040.83-0.190.140.910.62-0.23-0.03-0.50.820.48-0.380.210.37
0.15-0.43-0.280.59-0.45-0.71-0.12-0.170.210.310.140.19-0.620.35-0.23-0.490.050.350.150.57-0.66-0.02-0.380.08-0.18
0.050.360.2-0.02-0.11-0.010.08-0.16-0.190.390.550.19-0.030.48-0.270.080.40.640.21-0.01-0.09-0.150.210.08-0.2
0.120.250.54-0.20.150.340.450.5-0.56-0.310.07-0.310.3-0.530.250.420.08-0.52-0.38-0.250.510.240.37-0.18-0.2
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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 Liab264.3M2.5B2.5B3.3B1.8B2.2B
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 Payable267.7M274.3M292.7M237.7M285.0M414.2M
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 Assets4.5B3.4B3.6B3.9B4.1B4.3B
Other Stockholder Equity(27.5B)7.1B7.6B4.7B1.6B1.5B
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 Earnings24.1B23.4B23.3B23.2B28.6B18.3B
Short Long Term Debt Total17.0M5.0M2.8M42.0M51.7M49.1M
Net Receivables(420.5M)432.9M240.6M448.8M464.6M441.4M
Inventory420.5M308.4M209.7M193.8M191.8M182.2M
Current Deferred Revenue2.0B2.2B910.7M1.9B954.2M1.2B
Short Term Investments11.7B12.0B13.1B16.4B13.6B12.3B
Short Term Debt8.2M1.1M1.5M16.1M(925.6M)(879.4M)
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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