Codere Cash vs Short Term Investments Analysis

CDROW Stock

USD 0.87 0.01 1.14%

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

Cash vs Short Term Investments

Cash vs Short Term Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Codere Online Luxembourg Cash account and Short Term Investments. At this time, the significance of the direction appears to have strong relationship.

The correlation between Codere Online's Cash and Short Term Investments is 0.68. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Short Term Investments in the same time period over historical financial statements of Codere Online Luxembourg, assuming nothing else is changed. The correlation between historical values of Codere Online's Cash and Short Term Investments 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 Codere Online Luxembourg are associated (or correlated) with its Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Term Investments has no effect on the direction of Cash i.e., Codere Online's Cash and Short Term Investments go up and down completely randomly.

Correlation Coefficient

0.68

Relationship Direction	Positive
Relationship Strength	Significant

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Cash

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

Short Term Investments

Short Term Investments is an item under the current assets section of Codere Online balance sheet. It contains any investments Codere Online Luxembourg undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that Codere Online Luxembourg can easily liquidate in the marketplace.

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

Tax Provision is likely to climb to about 3.6 M in 2024, whereas Selling General Administrative is likely to drop slightly above 40.1 M in 2024.

	2021	2022	2023	2024 (projected)
Interest Expense	561K	12.6M	14.5M	15.3M
Depreciation And Amortization	721K	556K	500.4K	667.0K

Interest Expense Depreciation And Amortization

Codere Online fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Accounts Payable	Cash	Non Current Assets Total	Long Term Debt	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Short Term Investments	Non Current Liabilities Total	Other Current Assets	Other Stockholder Equity	Total Liab	Net Invested Capital	Short Long Term Debt	Total Current Assets	Net Working Capital	Short Term Debt	Intangible Assets
Total Assets		-0.86	0.82	-0.45	0.96	0.55	0.68	-0.93	0.79	0.96	-0.74	-0.85	0.96	-0.61	-0.82	0.58	-0.77	0.1	0.85	-0.74	0.93	-0.81	1.0	0.97	-0.81	-0.73
Short Long Term Debt Total	-0.86		-0.85	0.67	-0.93	-0.82	-0.85	0.96	-0.8	-0.9	0.81	0.95	-0.89	0.83	0.67	-0.72	0.93	-0.1	-0.97	0.9	-0.69	0.98	-0.86	-0.9	0.98	0.87
Other Current Liab	0.82	-0.85		-0.32	0.77	0.81	0.73	-0.87	0.98	0.89	-0.93	-0.73	0.88	-0.83	-0.46	0.94	-0.69	-0.27	0.92	-0.6	0.55	-0.89	0.83	0.77	-0.89	-0.94
Total Current Liabilities	-0.45	0.67	-0.32		-0.63	-0.34	-0.7	0.64	-0.17	-0.56	0.47	0.61	-0.57	0.67	0.69	-0.17	0.56	-0.24	-0.56	0.83	-0.47	0.67	-0.45	-0.62	0.67	0.47
Total Stockholder Equity	0.96	-0.93	0.77	-0.63		0.62	0.74	-0.97	0.72	0.94	-0.73	-0.93	0.94	-0.67	-0.86	0.53	-0.87	0.19	0.9	-0.86	0.91	-0.88	0.96	0.99	-0.88	-0.75
Property Plant And Equipment Net	0.55	-0.82	0.81	-0.34	0.62		0.61	-0.69	0.83	0.6	-0.7	-0.77	0.58	-0.71	-0.2	0.86	-0.81	-0.1	0.88	-0.6	0.27	-0.82	0.56	0.56	-0.82	-0.84
Current Deferred Revenue	0.68	-0.85	0.73	-0.7	0.74	0.61		-0.8	0.64	0.79	-0.69	-0.78	0.77	-0.79	-0.49	0.66	-0.76	0.24	0.76	-0.9	0.5	-0.85	0.68	0.71	-0.85	-0.7
Net Debt	-0.93	0.96	-0.87	0.64	-0.97	-0.69	-0.8		-0.8	-0.98	0.87	0.89	-0.98	0.83	0.79	-0.68	0.83	0.01	-0.95	0.84	-0.81	0.96	-0.94	-0.97	0.96	0.88
Accounts Payable	0.79	-0.8	0.98	-0.17	0.72	0.83	0.64	-0.8		0.82	-0.85	-0.71	0.8	-0.72	-0.36	0.94	-0.69	-0.24	0.88	-0.52	0.51	-0.82	0.8	0.71	-0.82	-0.89
Cash	0.96	-0.9	0.89	-0.56	0.94	0.6	0.79	-0.98	0.82		-0.88	-0.82	1.0	-0.79	-0.8	0.68	-0.74	-0.04	0.9	-0.77	0.84	-0.91	0.97	0.96	-0.91	-0.85
Non Current Assets Total	-0.74	0.81	-0.93	0.47	-0.73	-0.7	-0.69	0.87	-0.85	-0.88		0.61	-0.88	0.94	0.54	-0.85	0.55	0.45	-0.87	0.57	-0.51	0.9	-0.76	-0.76	0.9	0.97
Long Term Debt	-0.85	0.95	-0.73	0.61	-0.93	-0.77	-0.78	0.89	-0.71	-0.82	0.61		-0.8	0.63	0.65	-0.57	0.99	-0.36	-0.9	0.91	-0.74	0.87	-0.84	-0.87	0.87	0.71
Cash And Short Term Investments	0.96	-0.89	0.88	-0.57	0.94	0.58	0.77	-0.98	0.8	1.0	-0.88	-0.8		-0.79	-0.81	0.66	-0.72	-0.07	0.89	-0.76	0.84	-0.9	0.96	0.96	-0.9	-0.84
Net Receivables	-0.61	0.83	-0.83	0.67	-0.67	-0.71	-0.79	0.83	-0.72	-0.79	0.94	0.63	-0.79		0.49	-0.79	0.58	0.34	-0.84	0.68	-0.38	0.92	-0.63	-0.69	0.92	0.94
Common Stock Shares Outstanding	-0.82	0.67	-0.46	0.69	-0.86	-0.2	-0.49	0.79	-0.36	-0.8	0.54	0.65	-0.81	0.49		-0.13	0.55	-0.15	-0.62	0.69	-0.92	0.64	-0.81	-0.9	0.64	0.48
Short Term Investments	0.58	-0.72	0.94	-0.17	0.53	0.86	0.66	-0.68	0.94	0.68	-0.85	-0.57	0.66	-0.79	-0.13		-0.57	-0.37	0.8	-0.44	0.23	-0.79	0.59	0.51	-0.79	-0.9
Non Current Liabilities Total	-0.77	0.93	-0.69	0.56	-0.87	-0.81	-0.76	0.83	-0.69	-0.74	0.55	0.99	-0.72	0.58	0.55	-0.57		-0.4	-0.87	0.89	-0.65	0.83	-0.77	-0.79	0.83	0.67
Other Current Assets	0.1	-0.1	-0.27	-0.24	0.19	-0.1	0.24	0.01	-0.24	-0.04	0.45	-0.36	-0.07	0.34	-0.15	-0.37	-0.4		-0.07	-0.44	0.26	0.08	0.08	0.1	0.08	0.38
Other Stockholder Equity	0.85	-0.97	0.92	-0.56	0.9	0.88	0.76	-0.95	0.88	0.9	-0.87	-0.9	0.89	-0.84	-0.62	0.8	-0.87	-0.07		-0.79	0.65	-0.97	0.86	0.88	-0.97	-0.94
Total Liab	-0.74	0.9	-0.6	0.83	-0.86	-0.6	-0.9	0.84	-0.52	-0.77	0.57	0.91	-0.76	0.68	0.69	-0.44	0.89	-0.44	-0.79		-0.67	0.84	-0.74	-0.82	0.84	0.61
Net Invested Capital	0.93	-0.69	0.55	-0.47	0.91	0.27	0.5	-0.81	0.51	0.84	-0.51	-0.74	0.84	-0.38	-0.92	0.23	-0.65	0.26	0.65	-0.67		-0.62	0.92	0.92	-0.62	-0.47
Short Long Term Debt	-0.81	0.98	-0.89	0.67	-0.88	-0.82	-0.85	0.96	-0.82	-0.91	0.9	0.87	-0.9	0.92	0.64	-0.79	0.83	0.08	-0.97	0.84	-0.62		-0.82	-0.87	1.0	0.94
Total Current Assets	1.0	-0.86	0.83	-0.45	0.96	0.56	0.68	-0.94	0.8	0.97	-0.76	-0.84	0.96	-0.63	-0.81	0.59	-0.77	0.08	0.86	-0.74	0.92	-0.82		0.97	-0.82	-0.74
Net Working Capital	0.97	-0.9	0.77	-0.62	0.99	0.56	0.71	-0.97	0.71	0.96	-0.76	-0.87	0.96	-0.69	-0.9	0.51	-0.79	0.1	0.88	-0.82	0.92	-0.87	0.97		-0.87	-0.75
Short Term Debt	-0.81	0.98	-0.89	0.67	-0.88	-0.82	-0.85	0.96	-0.82	-0.91	0.9	0.87	-0.9	0.92	0.64	-0.79	0.83	0.08	-0.97	0.84	-0.62	1.0	-0.82	-0.87		0.94
Intangible Assets	-0.73	0.87	-0.94	0.47	-0.75	-0.84	-0.7	0.88	-0.89	-0.85	0.97	0.71	-0.84	0.94	0.48	-0.9	0.67	0.38	-0.94	0.61	-0.47	0.94	-0.74	-0.75	0.94

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Codere Online Account Relationship Matchups

Codere Online fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	44.2M	18.5M	105.3M	69.3M	79.7M	60.2M
Short Long Term Debt Total	51.7M	39.2M	3.0M	5.0M	4.5M	4.2M
Other Current Liab	5.4M	4.7M	8.0M	9.0M	10.3M	6.5M
Total Current Liabilities	54.1M	37.0M	31.6M	42.8M	38.5M	33.2M
Total Stockholder Equity	(31.4M)	(40.0M)	68.0M	24.4M	28.1M	29.5M
Property Plant And Equipment Net	92K	116K	133K	971K	1.1M	1.2M
Net Debt	43.7M	28.3M	(91.9M)	(48.9M)	(44.0M)	(41.8M)
Accounts Payable	18.5M	13.0M	19.7M	23.8M	27.4M	19.1M
Cash	8.0M	10.9M	94.9M	53.8M	61.9M	37.5M
Non Current Assets Total	2.1M	1.2M	606K	983K	884.7K	1.3M
Cash And Short Term Investments	12.4M	15.7M	98.8M	53.8M	61.9M	40.9M
Net Receivables	29.5M	835K	3.3M	4.2M	3.8M	3.6M
Short Term Investments	4.4M	4.8M	3.9M	6.8M	7.8M	4.9M
Liabilities And Stockholders Equity	44.2M	18.5M	105.3M	69.3M	79.7M	60.2M
Other Current Assets	231K	254K	739K	677K	778.6K	596.0K
Other Stockholder Equity	(13.8M)	(7.1M)	106.9M	106.9M	123.0M	129.1M
Total Liab	75.6M	58.5M	37.1M	44.8M	40.3M	43.4M
Net Invested Capital	20.2M	(799K)	71.0M	29.4M	33.8M	30.8M
Short Long Term Debt	30.2M	17.8M	3.0M	4.2M	3.8M	3.6M
Total Current Assets	42.1M	17.3M	104.7M	68.3M	78.6M	58.4M
Net Working Capital	(12.0M)	(19.7M)	73.1M	25.6M	29.4M	30.9M
Short Term Debt	30.2M	17.8M	3.0M	4.2M	3.8M	3.6M
Intangible Assets	2.0M	1.1M	469K	10K	9K	8.6K

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Codere Cash vs Short Term Investments Analysis

Cash vs Short Term Investments

Cash vs Short Term Investments Correlation Analysis

Correlation Coefficient

Cash

Short Term Investments

Codere Online fundamental ratios Correlations

Codere Online Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Codere Online fundamental ratios Accounts

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COMMON DESTINATIONS

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COMPANY

Total Current Assets	+ 1.0	Total Assets
Cash And Short Term Investments	+ 1.0	Cash
Short Term Debt	+ 1.0	Short Long Term Debt
Net Working Capital	+ 0.99	Total Stockholder Equity
Non Current Liabilities Total	+ 0.99	Long Term Debt
Short Long Term Debt	+ 0.98	Short Long Term Debt Total

Cash And Short Term Investments	- 0.98	Net Debt
Cash	- 0.98	Net Debt
Short Term Debt	- 0.97	Other Stockholder Equity
Short Long Term Debt	- 0.97	Other Stockholder Equity
Net Working Capital	- 0.97	Net Debt
Net Debt	- 0.97	Total Stockholder Equity