Bannix Cash vs Total Current Liabilities Analysis
| BNIX Stock | USD 11.18 0.06 0.53% |
Bannix Acquisition financial indicator trend analysis is way more than just evaluating Bannix Acquisition Corp prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Bannix Acquisition Corp is a good investment. Please check the relationship between Bannix Acquisition Cash and its Total Current Liabilities accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Bannix Acquisition Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.
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 Bannix Acquisition Corp Cash account and Total Current Liabilities. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Bannix Acquisition's Cash and Total Current Liabilities is -0.7. 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 Bannix Acquisition Corp, assuming nothing else is changed. The correlation between historical values of Bannix Acquisition'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 Bannix Acquisition Corp 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., Bannix Acquisition's Cash and Total Current Liabilities go up and down completely randomly.
Correlation Coefficient | -0.7 |
| Relationship Direction | Negative |
| Relationship Strength | Weak |
Cash
Cash refers to the most liquid asset of Bannix Acquisition Corp, which is listed under current asset account on Bannix Acquisition Corp balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Bannix Acquisition customers. The amounts must be unrestricted with restricted cash listed in a different Bannix Acquisition 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 Bannix Acquisition balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Bannix Acquisition Corp 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 Bannix Acquisition's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Bannix Acquisition Corp 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 Bannix Acquisition Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product. Tax Provision is likely to drop to about 268.2 K in 2024. Selling General Administrative is likely to drop to about 316.6 K in 2024
| 2010 | 2022 | 2023 | 2024 (projected) | Depreciation And Amortization | 236.6K | 1.0M | 1.5M | 1.0M | Interest Income | 1.5K | 1.1M | 2.0M | 1.1M |
Bannix Acquisition fundamental ratios Correlations
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Bannix Acquisition Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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When running Bannix Acquisition's price analysis, check to measure Bannix Acquisition's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Bannix Acquisition is operating at the current time. Most of Bannix Acquisition's value examination focuses on studying past and present price action to predict the probability of Bannix Acquisition's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Bannix Acquisition's price. Additionally, you may evaluate how the addition of Bannix Acquisition to your portfolios can decrease your overall portfolio volatility.