BECTORFOOD | | | 1,814 16.20 0.90% |
Mrs Bectors financial indicator trend analysis is infinitely more than just investigating Mrs Bectors Food recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Mrs Bectors Food is a good investment. Please check the relationship between Mrs Bectors Total Current Assets and its Net Debt accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Mrs Bectors Food. 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 Assets vs Net Debt
Total Current Assets vs Net Debt Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Mrs Bectors Food Total Current Assets account and
Net Debt. At this time, the significance of the direction appears to have strong relationship.
The correlation between Mrs Bectors' Total Current Assets and Net Debt is 0.68. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Net Debt in the same time period over historical financial statements of Mrs Bectors Food, assuming nothing else is changed. The correlation between historical values of Mrs Bectors' Total Current Assets and Net Debt 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 Mrs Bectors Food are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Total Current Assets i.e., Mrs Bectors' Total Current Assets and Net Debt go up and down completely randomly.
Correlation Coefficient | 0.68 |
Relationship Direction | Positive |
Relationship Strength | Significant |
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.
Net Debt
The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.
Most indicators from Mrs Bectors' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Mrs Bectors Food 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 Mrs Bectors Food. 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.
The current
Selling General Administrative is estimated to decrease to about 139.4
M. The current
Tax Provision is estimated to decrease to about 259.5
MMrs Bectors fundamental ratios Correlations
Click cells to compare fundamentals
Mrs Bectors Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Mrs Bectors fundamental ratios Accounts
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Other Information on Investing in Mrs Stock
Balance Sheet is a snapshot of the
financial position of Mrs Bectors Food at a specified time, usually calculated after every quarter, six months, or one year. Mrs Bectors Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Mrs Bectors 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 Mrs currently owns. An asset can also be divided into two categories, current and non-current.