Cipher Cash vs Total Assets Analysis
| CIFRW Stock | USD 2.10 0.33 18.64% |
Cipher Mining financial indicator trend analysis is way more than just evaluating Cipher Mining prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Cipher Mining is a good investment. Please check the relationship between Cipher Mining Cash and its Total Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cipher Mining. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area. For more information on how to buy Cipher Stock please use our How to Invest in Cipher Mining guide.
Cash vs Total Assets
Cash vs Total Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Cipher Mining Cash account and Total Assets. At this time, the significance of the direction appears to have strong relationship.
The correlation between Cipher Mining's Cash and Total Assets is 0.69. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Total Assets in the same time period over historical financial statements of Cipher Mining, assuming nothing else is changed. The correlation between historical values of Cipher Mining's Cash and Total Assets 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 Cipher Mining are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Cash i.e., Cipher Mining's Cash and Total Assets go up and down completely randomly.
Correlation Coefficient | 0.69 |
| Relationship Direction | Positive |
| Relationship Strength | Significant |
Cash
Cash refers to the most liquid asset of Cipher Mining, which is listed under current asset account on Cipher Mining balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Cipher Mining customers. The amounts must be unrestricted with restricted cash listed in a different Cipher Mining 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 Assets
Total assets refers to the total amount of Cipher Mining assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Cipher Mining books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.Most indicators from Cipher Mining's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Cipher Mining 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 Cipher Mining. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area. For more information on how to buy Cipher Stock please use our How to Invest in Cipher Mining guide.At this time, Cipher Mining's Enterprise Value Over EBITDA is fairly stable compared to the past year. Enterprise Value Multiple is likely to climb to 25.88 in 2024, whereas Tax Provision is likely to drop slightly above 3 M in 2024.
| 2010 | 2023 | 2024 (projected) | Tax Provision | 1.8M | 3.6M | 3.0M | Cost Of Revenue | 4.9K | 50.3M | 52.8M |
Cipher Mining fundamental ratios Correlations
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Cipher Mining Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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When running Cipher Mining's price analysis, check to measure Cipher Mining'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 Cipher Mining is operating at the current time. Most of Cipher Mining's value examination focuses on studying past and present price action to predict the probability of Cipher Mining's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cipher Mining's price. Additionally, you may evaluate how the addition of Cipher Mining to your portfolios can decrease your overall portfolio volatility.