Union Total Current Liabilities vs Net Working Capital Analysis
688403 Stock | 9.20 0.57 5.83% |
Union Semiconductor financial indicator trend analysis is much more than just breaking down Union Semiconductor prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Union Semiconductor is a good investment. Please check the relationship between Union Semiconductor Total Current Liabilities and its Net Working Capital accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Union Semiconductor Co. 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 Liabilities vs Net Working Capital
Total Current Liabilities vs Net Working Capital Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Union Semiconductor Total Current Liabilities account and Net Working Capital. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Union Semiconductor's Total Current Liabilities and Net Working Capital is -0.56. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Net Working Capital in the same time period over historical financial statements of Union Semiconductor Co, assuming nothing else is changed. The correlation between historical values of Union Semiconductor's Total Current Liabilities and Net Working Capital 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 Union Semiconductor Co are associated (or correlated) with its Net Working Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Working Capital has no effect on the direction of Total Current Liabilities i.e., Union Semiconductor's Total Current Liabilities and Net Working Capital go up and down completely randomly.
Correlation Coefficient | -0.56 |
Relationship Direction | Negative |
Relationship Strength | Very Weak |
Total Current Liabilities
Total Current Liabilities is an item on Union Semiconductor balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Union Semiconductor Co 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.Net Working Capital
Most indicators from Union Semiconductor's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Union Semiconductor 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 Union Semiconductor Co. 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 24, 2024, Selling General Administrative is expected to decline to about 30 M. In addition to that, Tax Provision is expected to decline to about (422.2 K)
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 271.7K | 8.7M | 4.8K | 4.5K | Interest Income | 839.7K | 2.2M | 2.1M | 1.6M |
Union Semiconductor fundamental ratios Correlations
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Union Semiconductor Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Currently Active Assets on Macroaxis
Other Information on Investing in Union Stock
Balance Sheet is a snapshot of the financial position of Union Semiconductor at a specified time, usually calculated after every quarter, six months, or one year. Union Semiconductor Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Union Semiconductor 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 Union currently owns. An asset can also be divided into two categories, current and non-current.