CCL Stock | | | 1,788 23.00 1.27% |
Carnival PLC financial indicator trend analysis is way more than just evaluating Carnival PLC prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Carnival PLC is a good investment. Please check the relationship between Carnival PLC Total Current Liabilities and its Good Will accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Carnival PLC. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in bureau of economic analysis.
Total Current Liabilities vs Good Will
Total Current Liabilities vs Good Will Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Carnival PLC Total Current Liabilities account and
Good Will. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Carnival PLC's Total Current Liabilities and Good Will is -0.26. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Good Will in the same time period over historical financial statements of Carnival PLC, assuming nothing else is changed. The correlation between historical values of Carnival PLC's Total Current Liabilities and Good Will 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 Carnival PLC are associated (or correlated) with its Good Will. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Good Will has no effect on the direction of Total Current Liabilities i.e., Carnival PLC's Total Current Liabilities and Good Will go up and down completely randomly.
Correlation Coefficient | -0.26 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Total Current Liabilities
Total Current Liabilities is an item on Carnival PLC balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Carnival PLC 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.
Good Will
An intangible asset that arises when a company acquires another business for more than the fair market value of its net identifiable assets, representing the value of the brand, customer base, and other intangible factors.
Most indicators from Carnival PLC's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Carnival PLC 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 Carnival PLC. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in bureau of economic analysis.
At present, Carnival PLC's
Tax Provision is projected to decrease significantly based on the last few years of reporting.
Carnival PLC fundamental ratios Correlations
Click cells to compare fundamentals
Carnival PLC Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Carnival PLC fundamental ratios Accounts
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
Other Information on Investing in Carnival Stock
Balance Sheet is a snapshot of the
financial position of Carnival PLC at a specified time, usually calculated after every quarter, six months, or one year. Carnival PLC Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Carnival PLC 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 Carnival currently owns. An asset can also be divided into two categories, current and non-current.