CERT Stock | | | CAD 0.36 0.01 2.70% |
Cerrado Gold financial indicator trend analysis is way more than just evaluating Cerrado Gold Corp prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Cerrado Gold Corp is a good investment. Please check the relationship between Cerrado Gold Total Current Liabilities and its Short Term Investments accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Cerrado Gold 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 estimate.
Total Current Liabilities vs Short Term Investments
Total Current Liabilities vs Short Term Investments Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Cerrado Gold Corp Total Current Liabilities account and
Short Term Investments. At this time, the significance of the direction appears to have very week relationship.
The correlation between Cerrado Gold's Total Current Liabilities and Short Term Investments is 0.23. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Short Term Investments in the same time period over historical financial statements of Cerrado Gold Corp, assuming nothing else is changed. The correlation between historical values of Cerrado Gold's Total Current Liabilities 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 Total Current Liabilities of Cerrado Gold Corp 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 Total Current Liabilities i.e., Cerrado Gold's Total Current Liabilities and Short Term Investments go up and down completely randomly.
Correlation Coefficient | 0.23 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Total Current Liabilities
Total Current Liabilities is an item on Cerrado Gold balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Cerrado Gold 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.
Short Term Investments
Short Term Investments is an item under the current assets section of Cerrado Gold balance sheet. It contains any investments Cerrado Gold Corp undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that Cerrado Gold Corp can easily liquidate in the marketplace.
Most indicators from Cerrado Gold's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Cerrado Gold 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 Cerrado Gold 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 estimate.
Tax Provision is likely to drop to about 6.2
M in 2024.
Selling General Administrative is likely to drop to about 11.2
M in 2024
Cerrado Gold fundamental ratios Correlations
Click cells to compare fundamentals
Cerrado Gold Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Cerrado Gold fundamental ratios Accounts
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Additional Tools for Cerrado Stock Analysis
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measure Cerrado Gold'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 Cerrado Gold is operating at the current time. Most of Cerrado Gold's value examination focuses on studying past and present price action to
predict the probability of Cerrado Gold's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cerrado Gold's price. Additionally, you may evaluate how the addition of Cerrado Gold to your portfolios can decrease your overall portfolio volatility.