| CRRX Stock | | | CAD 1.90 0.13 7.34% |
CareRx Corp financial indicator trend analysis is way more than just evaluating CareRx Corp prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether CareRx Corp is a good investment. Please check the relationship between CareRx Corp Total Current Liabilities and its Cash And Short Term Investments accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in CareRx 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 board of governors.
Total Current Liabilities vs Cash And Short Term Investments
Total Current Liabilities vs Cash And Short Term Investments Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
CareRx Corp Total Current Liabilities account and
Cash And Short Term Investments. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between CareRx Corp's Total Current Liabilities and Cash And Short Term Investments is -0.22. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Cash And Short Term Investments in the same time period over historical financial statements of CareRx Corp, assuming nothing else is changed. The correlation between historical values of CareRx Corp's Total Current Liabilities and 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 Total Current Liabilities of CareRx Corp are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Total Current Liabilities i.e., CareRx Corp's Total Current Liabilities and Cash And Short Term Investments go up and down completely randomly.
Correlation Coefficient | -0.22 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Total Current Liabilities
Total Current Liabilities is an item on CareRx Corp balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of CareRx 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.
Cash And Short Term Investments
Short Term Investments is an account in the current assets section of CareRx Corp balance sheet. This account contains CareRx Corp investments that will expire within one year. These investments include stocks and bonds that can be liquidated by CareRx Corp fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.
Most indicators from CareRx Corp's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into CareRx 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 CareRx 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 board of governors.
At this time, CareRx Corp's
Issuance Of Capital Stock is very stable compared to the past year. As of the 26th of November 2024,
Enterprise Value Over EBITDA is likely to grow to 7.38, while
Selling General Administrative is likely to drop about 28.8
M.
CareRx Corp fundamental ratios Correlations
Click cells to compare fundamentals
CareRx Corp Account Relationship Matchups
High Positive Relationship
High Negative Relationship
CareRx Corp fundamental ratios Accounts
Other Information on Investing in CareRx Stock
Balance Sheet is a snapshot of the
financial position of CareRx Corp at a specified time, usually calculated after every quarter, six months, or one year. CareRx Corp Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of CareRx Corp 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 CareRx currently owns. An asset can also be divided into two categories, current and non-current.