CAR Total Current Liabilities vs Cash Analysis

CAR Stock

41.50 0.49 1.17%

CAR GROUP financial indicator trend analysis is way more than just evaluating CAR GROUP LIMITED prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether CAR GROUP LIMITED is a good investment. Please check the relationship between CAR GROUP Total Current Liabilities and its Cash accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in CAR GROUP LIMITED. 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 Cash

Total Current Liabilities vs Cash Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of CAR GROUP LIMITED Total Current Liabilities account and Cash. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between CAR GROUP's Total Current Liabilities and Cash is 0.59. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Cash in the same time period over historical financial statements of CAR GROUP LIMITED, assuming nothing else is changed. The correlation between historical values of CAR GROUP's Total Current Liabilities and Cash 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 CAR GROUP LIMITED are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Total Current Liabilities i.e., CAR GROUP's Total Current Liabilities and Cash go up and down completely randomly.

Correlation Coefficient

0.59

Relationship Direction	Positive
Relationship Strength	Weak

View All Relationships

Total Current Liabilities

Total Current Liabilities is an item on CAR GROUP balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of CAR GROUP LIMITED 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.

Cash

Cash refers to the most liquid asset of CAR GROUP LIMITED, which is listed under current asset account on CAR GROUP LIMITED balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from CAR GROUP customers. The amounts must be unrestricted with restricted cash listed in a different CAR GROUP 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.

Most indicators from CAR GROUP's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into CAR GROUP LIMITED 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 CAR GROUP LIMITED. 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.

Selling General Administrative is likely to gain to about 178.1 M in 2024, whereas Tax Provision is likely to drop slightly above 59.9 M in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	377.5M	550.9M	769.8M	808.3M
Total Revenue	509.1M	781.2M	1.1B	1.2B

Gross Profit Total Revenue

CAR GROUP fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Retained Earnings	Accounts Payable	Cash	Other Assets	Long Term Debt	Net Receivables	Short Term Investments	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Deferred Long Term Liab	Long Term Investments	Short Long Term Debt	Total Current Assets	Short Term Debt	Common Stock	Property Plant Equipment	Intangible Assets	Good Will	Short Long Term Debt Total
Total Assets		0.94	0.71	0.99	0.55	0.99	0.79	0.82	0.9	0.96	0.96	0.0	0.0	0.65	-0.47	0.97	-0.49	-0.23	-0.33	0.89	-0.01	0.99	0.24	0.74	0.99	0.96
Other Current Liab	0.94		0.74	0.91	0.54	0.95	0.75	0.77	0.91	0.94	0.98	-0.13	-0.06	0.71	-0.22	0.95	-0.62	-0.26	-0.24	0.86	0.03	0.92	0.08	0.53	0.94	0.94
Total Current Liabilities	0.71	0.74		0.67	0.76	0.75	0.75	0.59	0.68	0.65	0.77	-0.14	-0.1	0.5	-0.18	0.75	-0.51	-0.24	0.1	0.66	0.63	0.66	-0.03	0.4	0.71	0.74
Total Stockholder Equity	0.99	0.91	0.67		0.52	0.98	0.77	0.82	0.85	0.92	0.94	0.0	0.03	0.63	-0.48	0.93	-0.47	-0.24	-0.32	0.88	-0.03	1.0	0.24	0.76	0.98	0.92
Other Liab	0.55	0.54	0.76	0.52		0.58	0.46	0.69	0.57	0.47	0.56	0.07	-0.25	0.79	-0.2	0.6	-0.27	-0.17	-0.26	0.71	0.42	0.51	0.33	0.36	0.52	0.58
Retained Earnings	0.99	0.95	0.75	0.98	0.58		0.81	0.82	0.89	0.95	0.97	-0.1	-0.09	0.66	-0.45	0.97	-0.55	-0.28	-0.31	0.89	0.04	0.97	0.16	0.74	0.99	0.96
Accounts Payable	0.79	0.75	0.75	0.77	0.46	0.81		0.55	0.66	0.71	0.8	0.0	0.07	0.4	-0.18	0.78	-0.31	-0.31	-0.16	0.64	0.24	0.77	0.15	0.45	0.8	0.76
Cash	0.82	0.77	0.59	0.82	0.69	0.82	0.55		0.69	0.75	0.81	-0.11	-0.24	0.8	-0.19	0.79	-0.53	-0.27	-0.46	0.99	-0.1	0.83	0.25	0.51	0.79	0.77
Other Assets	0.9	0.91	0.68	0.85	0.57	0.89	0.66	0.69		0.97	0.89	0.15	0.02	0.63	-0.41	0.97	-0.43	-0.09	-0.35	0.79	0.03	0.85	0.3	0.6	0.88	0.97
Long Term Debt	0.96	0.94	0.65	0.92	0.47	0.95	0.71	0.75	0.97		0.94	0.02	-0.02	0.6	-0.43	0.98	-0.53	-0.15	-0.35	0.83	-0.07	0.92	0.2	0.67	0.94	0.99
Net Receivables	0.96	0.98	0.77	0.94	0.56	0.97	0.8	0.81	0.89	0.94		-0.1	-0.09	0.67	-0.27	0.96	-0.66	-0.18	-0.25	0.89	0.04	0.94	0.05	0.56	0.95	0.95
Short Term Investments	0.0	-0.13	-0.14	0.0	0.07	-0.1	0.0	-0.11	0.15	0.02	-0.1		0.6	-0.07	-0.15	0.01	0.56	0.53	-0.25	-0.09	-0.05	0.0	0.66	-0.02	-0.09	0.01
Inventory	0.0	-0.06	-0.1	0.03	-0.25	-0.09	0.07	-0.24	0.02	-0.02	-0.09	0.6		-0.35	0.02	-0.08	0.61	-0.02	0.25	-0.21	0.22	0.05	0.48	-0.03	0.03	-0.09
Other Current Assets	0.65	0.71	0.5	0.63	0.79	0.66	0.4	0.8	0.63	0.6	0.67	-0.07	-0.35		-0.12	0.66	-0.44	-0.2	-0.52	0.83	-0.11	0.63	0.28	0.36	0.61	0.64
Other Stockholder Equity	-0.47	-0.22	-0.18	-0.48	-0.2	-0.45	-0.18	-0.19	-0.41	-0.43	-0.27	-0.15	0.02	-0.12		-0.42	0.01	-0.09	0.24	-0.23	0.05	-0.45	-0.24	-0.91	-0.45	-0.44
Total Liab	0.97	0.95	0.75	0.93	0.6	0.97	0.78	0.79	0.97	0.98	0.96	0.01	-0.08	0.66	-0.42		-0.53	-0.19	-0.34	0.87	0.03	0.93	0.22	0.67	0.95	1.0
Deferred Long Term Liab	-0.49	-0.62	-0.51	-0.47	-0.27	-0.55	-0.31	-0.53	-0.43	-0.53	-0.66	0.56	0.61	-0.44	0.01	-0.53		-0.08	0.01	-0.56	0.06	-0.47	0.63	-0.18	-0.47	-0.54
Long Term Investments	-0.23	-0.26	-0.24	-0.24	-0.17	-0.28	-0.31	-0.27	-0.09	-0.15	-0.18	0.53	-0.02	-0.2	-0.09	-0.19	-0.08		-0.06	-0.27	-0.23	-0.24	-0.2	-0.21	-0.36	-0.16
Short Long Term Debt	-0.33	-0.24	0.1	-0.32	-0.26	-0.31	-0.16	-0.46	-0.35	-0.35	-0.25	-0.25	0.25	-0.52	0.24	-0.34	0.01	-0.06		-0.45	0.57	-0.32	-0.48	-0.3	-0.27	-0.33
Total Current Assets	0.89	0.86	0.66	0.88	0.71	0.89	0.64	0.99	0.79	0.83	0.89	-0.09	-0.21	0.83	-0.23	0.87	-0.56	-0.27	-0.45		-0.07	0.89	0.25	0.55	0.87	0.85
Short Term Debt	-0.01	0.03	0.63	-0.03	0.42	0.04	0.24	-0.1	0.03	-0.07	0.04	-0.05	0.22	-0.11	0.05	0.03	0.06	-0.23	0.57	-0.07		-0.04	-0.06	-0.04	0.04	0.03
Common Stock	0.99	0.92	0.66	1.0	0.51	0.97	0.77	0.83	0.85	0.92	0.94	0.0	0.05	0.63	-0.45	0.93	-0.47	-0.24	-0.32	0.89	-0.04		0.24	0.74	0.98	0.91
Property Plant Equipment	0.24	0.08	-0.03	0.24	0.33	0.16	0.15	0.25	0.3	0.2	0.05	0.66	0.48	0.28	-0.24	0.22	0.63	-0.2	-0.48	0.25	-0.06	0.24		0.28	0.22	0.2
Intangible Assets	0.74	0.53	0.4	0.76	0.36	0.74	0.45	0.51	0.6	0.67	0.56	-0.02	-0.03	0.36	-0.91	0.67	-0.18	-0.21	-0.3	0.55	-0.04	0.74	0.28		0.74	0.67
Good Will	0.99	0.94	0.71	0.98	0.52	0.99	0.8	0.79	0.88	0.94	0.95	-0.09	0.03	0.61	-0.45	0.95	-0.47	-0.36	-0.27	0.87	0.04	0.98	0.22	0.74		0.94
Short Long Term Debt Total	0.96	0.94	0.74	0.92	0.58	0.96	0.76	0.77	0.97	0.99	0.95	0.01	-0.09	0.64	-0.44	1.0	-0.54	-0.16	-0.33	0.85	0.03	0.91	0.2	0.67	0.94

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CAR GROUP Account Relationship Matchups

CAR GROUP fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	997.6M	1.2B	1.9B	4.7B	4.7B	4.9B
Other Current Liab	30.1M	27.6M	48.8M	96.3M	141.2M	148.3M
Total Current Liabilities	75.1M	98.1M	119.2M	192.8M	255.8M	268.6M
Total Stockholder Equity	290.8M	938.7M	1.0B	3.1B	2.9B	3.0B
Other Liab	31.4M	16.9M	37.0M	26.0M	30.0M	31.4M
Retained Earnings	197.2M	204.8M	243.5M	700.7M	691.8M	726.4M
Accounts Payable	6.0M	8.4M	11.0M	23.8M	30.7M	32.3M
Cash	179.9M	284.0M	117.5M	198.7M	308.3M	323.7M
Other Assets	22.8M	1.0	31.2M	39.3M	45.2M	47.5M
Long Term Debt	544.1M	43.2M	649.6M	1.1B	1.3B	1.3B
Net Receivables	37.4M	42.7M	65.4M	105.3M	146.4M	153.8M
Other Current Assets	13.0M	48.7M	25.2M	30.1M	45.8M	48.1M
Other Stockholder Equity	(347.1M)	(1.0)	(1.0B)	(3.2B)	106.0M	111.3M
Total Liab	706.0M	223.1M	847.7M	1.6B	1.7B	1.8B
Long Term Investments	91.9M	105.5M	954.5M	25.4M	22.7M	21.6M
Short Long Term Debt	174K	35K	113K	26.1M	35.5M	51.0M
Total Current Assets	240.9M	375.4M	211.3M	351.3M	503.6M	528.8M
Short Term Debt	6.8M	6.7M	8.2M	37.3M	46.1M	33.8M
Common Stock	149.8M	755.4M	770.0M	2.5B	2.5B	2.6B
Property Plant Equipment	65.3M	67.8M	71.1M	79.9M	71.9M	42.2M
Intangible Assets	583.2M	597.7M	603.3M	4.2B	974.7M	1.0B
Good Will	477.6M	480.0M	483.9M	3.1B	3.1B	3.2B
Short Long Term Debt Total	605.2M	106.6M	714.2M	1.2B	1.3B	1.4B
Property Plant And Equipment Net	66.7M	67.8M	71.1M	79.9M	58.6M	32.1M
Net Debt	425.3M	(177.4M)	596.7M	1.0B	1.0B	1.1B
Non Current Assets Total	756.7M	788.2M	1.6B	4.3B	4.2B	4.4B
Non Currrent Assets Other	(477.6M)	(480.0M)	(483.9M)	(3.1B)	19.6M	20.6M
Cash And Short Term Investments	179.9M	284.0M	117.5M	198.7M	308.3M	323.7M
Common Stock Shares Outstanding	258.9M	258.1M	285.2M	356.5M	377.7M	290.3M
Liabilities And Stockholders Equity	997.6M	1.2B	1.9B	4.7B	4.7B	4.9B
Non Current Liabilities Total	631.0M	125.0M	728.5M	1.4B	1.5B	1.6B
Property Plant And Equipment Gross	65.3M	131.2M	144.9M	175.9M	166.7M	175.0M
Current Deferred Revenue	11.1M	11.4M	11.0M	14.8M	17.9M	9.0M
Accumulated Other Comprehensive Income	(56.3M)	(21.4M)	(1.9M)	(83.5M)	(270.9M)	(257.4M)
Net Tangible Assets	(291.6M)	(288.4M)	341.0M	408.2M	469.5M	492.9M

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