Kontour Total Current Assets vs Non Current Liabilities Total Analysis
688314 Stock | 28.62 0.38 1.35% |
Kontour Medical financial indicator trend analysis is infinitely more than just investigating Kontour Medical Tech recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Kontour Medical Tech is a good investment. Please check the relationship between Kontour Medical Total Current Assets and its Non Current Liabilities Total accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Kontour Medical 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 board of governors.
Total Current Assets vs Non Current Liabilities Total
Total Current Assets vs Non Current Liabilities Total Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Kontour Medical Tech Total Current Assets account and Non Current Liabilities Total. At this time, the significance of the direction appears to have very week relationship.
The correlation between Kontour Medical's Total Current Assets and Non Current Liabilities Total is 0.25. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Non Current Liabilities Total in the same time period over historical financial statements of Kontour Medical Technology, assuming nothing else is changed. The correlation between historical values of Kontour Medical's Total Current Assets and Non Current Liabilities Total 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 Assets of Kontour Medical Technology are associated (or correlated) with its Non Current Liabilities Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Liabilities Total has no effect on the direction of Total Current Assets i.e., Kontour Medical's Total Current Assets and Non Current Liabilities Total go up and down completely randomly.
Correlation Coefficient | 0.25 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
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.Non Current Liabilities Total
Most indicators from Kontour Medical's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Kontour Medical 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 Kontour Medical 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 board of governors. As of November 30, 2024, Tax Provision is expected to decline to about 13.7 M. In addition to that, Selling General Administrative is expected to decline to about 56.4 M
2021 | 2022 | 2023 | 2024 (projected) | Net Interest Income | 1.8M | 3.4M | 3.2M | 2.2M | Tax Provision | 14.2M | 14.3M | 17.3M | 13.7M |
Kontour Medical fundamental ratios Correlations
Click cells to compare fundamentals
Kontour Medical Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Currently Active Assets on Macroaxis
Other Information on Investing in Kontour Stock
Balance Sheet is a snapshot of the financial position of Kontour Medical Tech at a specified time, usually calculated after every quarter, six months, or one year. Kontour Medical Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Kontour Medical 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 Kontour currently owns. An asset can also be divided into two categories, current and non-current.