Europa Total Current Liabilities vs Cash Analysis
EUZ Stock | 2.00 0.00 0.00% |
Europa Metals financial indicator trend analysis is much more than just examining Europa Metals latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Europa Metals is a good investment. Please check the relationship between Europa Metals Total Current Liabilities and its Cash accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Europa Metals. 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 Cash
Total Current Liabilities vs Cash Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Europa Metals Total Current Liabilities account and Cash. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Europa Metals' Total Current Liabilities and Cash is 0.93. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Cash in the same time period over historical financial statements of Europa Metals, assuming nothing else is changed. The correlation between historical values of Europa Metals' Total Current Liabilities and Cash 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 Europa Metals are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Total Current Liabilities i.e., Europa Metals' Total Current Liabilities and Cash go up and down completely randomly.
Correlation Coefficient | 0.93 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Total Current Liabilities
Total Current Liabilities is an item on Europa Metals balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Europa Metals 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
Cash refers to the most liquid asset of Europa Metals, which is listed under current asset account on Europa Metals balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Europa Metals customers. The amounts must be unrestricted with restricted cash listed in a different Europa Metals 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.Most indicators from Europa Metals' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Europa Metals 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Europa Metals. 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. The current year's Selling General Administrative is expected to grow to about 537.5 K, whereas Issuance Of Capital Stock is forecasted to decline to about 883.3 K.
Europa Metals fundamental ratios Correlations
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Europa Metals Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Europa Metals fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 2.7K | 2.8K | 3.1K | 677.2K | 316.7K | 300.9K | |
Total Current Liabilities | 229.79 | 278.39 | 182.85 | 118.9K | 310.8K | 295.2K | |
Total Stockholder Equity | 2.5K | 2.4K | 2.7K | 558.27 | 6.0K | 5.7K | |
Property Plant And Equipment Net | 1.4K | 1.5K | 1.6K | 1.4K | 1.3K | 0.0 | |
Net Debt | 38.1K | 137.1K | 220.6K | (654.0K) | (252.1K) | (264.7K) | |
Retained Earnings | (43.1K) | (46.4K) | (48.8K) | (52.2K) | (52.9M) | (50.2M) | |
Accounts Payable | 207.5K | 261.9K | 139.1K | 118.9K | 258.6K | 162.3K | |
Cash | 700.64 | 1.2K | 1.7K | 654.0K | 252.1K | 287.2K | |
Non Current Assets Total | 1.4K | 1.5K | 1.6K | 1.4K | 1.3K | 0.0 | |
Non Currrent Assets Other | (1.5K) | (1.6K) | (1.4K) | (1.3K) | (1.5K) | (1.6K) | |
Cash And Short Term Investments | 700.64 | 1.2K | 1.7K | 654.0K | 252.1K | 318.1K | |
Common Stock Shares Outstanding | 30.8K | 46.4M | 68.9M | 88.2M | 101.4M | 106.5M | |
Liabilities And Stockholders Equity | 2.7K | 2.8M | 3.1M | 677.2K | 316.7K | 300.9K | |
Other Current Assets | 210.9K | 84.7K | 85.4K | 23.2K | 64.7K | 61.4K | |
Other Stockholder Equity | 634.5K | 0.3 | 618.8K | 0.95 | 3.3M | 3.5M | |
Total Liab | 246.3 | 400.12 | 382.28 | 118.9K | 310.8K | 295.2K | |
Property Plant And Equipment Gross | 1.4M | 1.5M | 1.6M | 96.0K | 89.2K | 0.0 | |
Total Current Assets | 911.51 | 1.3K | 1.7K | 677.2K | 316.7K | 300.9K | |
Common Stock | 42.8K | 45.7K | 48.2K | 49.4K | 49.6M | 52.0M | |
Accumulated Other Comprehensive Income | 2.9K | 3.1K | 3.4K | 3.4K | 3.9K | 4.1K | |
Net Tangible Assets | 2.7M | 2.5M | 2.4M | 2.7M | 3.1M | 2.2M | |
Net Receivables | 189.7K | 84.7K | 85.4K | 23.2K | 26.7K | 25.3K | |
Property Plant Equipment | 1.5M | 1.6M | 1.4M | 1.3M | 1.5M | 1.2M | |
Net Invested Capital | 2.5M | 2.6M | 2.9M | 558.3K | 502.4K | 477.3K | |
Net Working Capital | 681.7K | 987.1K | 1.6M | 558.3K | 642.0K | 1.0M | |
Capital Stock | 42.8M | 46.0M | 48.2M | 49.4M | 56.8M | 50.0M |
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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 Europa Stock
Balance Sheet is a snapshot of the financial position of Europa Metals at a specified time, usually calculated after every quarter, six months, or one year. Europa Metals Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Europa Metals 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 Europa currently owns. An asset can also be divided into two categories, current and non-current.