| 688456 Stock | | | 31.41 0.14 0.44% |
GRIPM Advanced financial indicator trend analysis is much more than just examining GRIPM Advanced Materials latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether GRIPM Advanced Materials is a good investment. Please check the relationship between GRIPM Advanced Cash and its Total Current Liabilities accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in GRIPM Advanced Materials. 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.
Cash vs Total Current Liabilities
Cash vs Total Current Liabilities Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
GRIPM Advanced Materials Cash account and
Total Current Liabilities. At this time, the significance of the direction appears to have almost identical trend.
The correlation between GRIPM Advanced's Cash and Total Current Liabilities is 0.94. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of GRIPM Advanced Materials, assuming nothing else is changed. The correlation between historical values of GRIPM Advanced's Cash and Total Current Liabilities is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash of GRIPM Advanced Materials are associated (or correlated) with its Total Current Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Liabilities has no effect on the direction of Cash i.e., GRIPM Advanced's Cash and Total Current Liabilities go up and down completely randomly.
Correlation Coefficient | 0.94 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Cash
Cash refers to the most liquid asset of GRIPM Advanced Materials, which is listed under current asset account on GRIPM Advanced Materials balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from GRIPM Advanced customers. The amounts must be unrestricted with restricted cash listed in a different GRIPM Advanced 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.
Total Current Liabilities
Total Current Liabilities is an item on GRIPM Advanced balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of GRIPM Advanced Materials 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.
Most indicators from GRIPM Advanced's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into GRIPM Advanced Materials 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 GRIPM Advanced Materials. 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 34
M. The current year's
Tax Provision is expected to grow to about 5.2
MGRIPM Advanced fundamental ratios Correlations
Click cells to compare fundamentals
GRIPM Advanced Account Relationship Matchups
High Positive Relationship
High Negative Relationship
GRIPM Advanced fundamental ratios Accounts
Currently Active Assets on Macroaxis
Other Information on Investing in GRIPM Stock
Balance Sheet is a snapshot of the
financial position of GRIPM Advanced Materials at a specified time, usually calculated after every quarter, six months, or one year. GRIPM Advanced Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of GRIPM Advanced 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 GRIPM currently owns. An asset can also be divided into two categories, current and non-current.