European Other Liab vs Cash And Short Term Investments Analysis

EWCZ Stock  USD 6.34  0.45  7.64%   
European Wax financial indicator trend analysis is much more than just examining European Wax Center latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether European Wax Center is a good investment. Please check the relationship between European Wax Other Liab and its Cash And Short Term Investments accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in European Wax Center. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

Other Liab vs Cash And Short Term Investments

Other Liab 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 European Wax Center Other Liab account and Cash And Short Term Investments. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between European Wax's Other Liab and Cash And Short Term Investments is 0.53. Overlapping area represents the amount of variation of Other Liab that can explain the historical movement of Cash And Short Term Investments in the same time period over historical financial statements of European Wax Center, assuming nothing else is changed. The correlation between historical values of European Wax's Other Liab 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 Other Liab of European Wax Center 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 Other Liab i.e., European Wax's Other Liab and Cash And Short Term Investments go up and down completely randomly.

Correlation Coefficient

0.53
Relationship DirectionPositive 
Relationship StrengthWeak

Other Liab

Cash And Short Term Investments

Short Term Investments is an account in the current assets section of European Wax Center balance sheet. This account contains European Wax investments that will expire within one year. These investments include stocks and bonds that can be liquidated by European Wax Center 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 European Wax's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into European Wax Center 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 European Wax Center. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.
At this time, European Wax's Selling General Administrative is fairly stable compared to the past year. Sales General And Administrative To Revenue is likely to rise to 0.28 in 2024, despite the fact that Tax Provision is likely to grow to (46.8 M).
 2021 2022 2023 2024 (projected)
Interest Expense20.3M23.6M26.7M23.0M
Depreciation And Amortization20.3M20.2M20.2M21.1M

European Wax fundamental ratios Correlations

0.91-0.610.510.980.77-0.960.880.950.8-0.80.520.890.990.620.980.90.890.61-0.720.940.96-0.050.960.910.96
0.91-0.420.390.840.95-0.860.960.870.97-0.930.240.710.940.450.911.00.710.54-0.550.810.97-0.030.890.680.96
-0.61-0.420.23-0.56-0.150.69-0.48-0.39-0.230.29-0.14-0.82-0.55-0.45-0.49-0.41-0.820.180.43-0.46-0.450.67-0.5-0.75-0.44
0.510.390.230.620.43-0.430.340.680.38-0.360.830.270.510.490.580.380.270.91-0.440.660.530.740.60.450.56
0.980.84-0.560.620.69-0.960.840.930.73-0.750.650.850.970.720.970.830.850.65-0.740.940.920.090.950.920.93
0.770.95-0.150.430.69-0.670.860.820.97-0.880.150.530.810.240.790.950.530.62-0.410.740.90.070.80.480.9
-0.96-0.860.69-0.43-0.96-0.67-0.91-0.85-0.750.76-0.54-0.86-0.94-0.79-0.93-0.85-0.86-0.430.62-0.84-0.910.04-0.93-0.92-0.91
0.880.96-0.480.340.840.86-0.910.790.94-0.910.270.680.910.620.880.960.680.41-0.470.730.930.020.870.690.93
0.950.87-0.390.680.930.82-0.850.790.77-0.720.610.820.930.520.920.860.820.79-0.630.990.960.080.970.840.96
0.80.97-0.230.380.730.97-0.750.940.77-0.960.120.520.860.360.840.980.520.54-0.480.690.90.090.790.50.9
-0.8-0.930.29-0.36-0.75-0.880.76-0.91-0.72-0.96-0.1-0.49-0.88-0.39-0.88-0.94-0.49-0.510.64-0.66-0.84-0.1-0.73-0.5-0.84
0.520.24-0.140.830.650.15-0.540.270.610.12-0.10.50.450.730.490.220.50.63-0.320.640.460.480.620.690.48
0.890.71-0.820.270.850.53-0.860.680.820.52-0.490.50.810.550.770.691.00.35-0.550.860.8-0.390.870.960.8
0.990.94-0.550.510.970.81-0.940.910.930.86-0.880.450.810.590.990.930.810.62-0.750.910.960.00.940.840.96
0.620.45-0.450.490.720.24-0.790.620.520.36-0.390.730.550.590.60.440.550.24-0.280.50.570.320.670.730.57
0.980.91-0.490.580.970.79-0.930.880.920.84-0.880.490.770.990.60.90.770.68-0.790.910.940.090.920.820.94
0.91.0-0.410.380.830.95-0.850.960.860.98-0.940.220.690.930.440.90.690.54-0.540.80.96-0.030.880.660.96
0.890.71-0.820.270.850.53-0.860.680.820.52-0.490.51.00.810.550.770.690.35-0.550.860.8-0.390.870.960.8
0.610.540.180.910.650.62-0.430.410.790.54-0.510.630.350.620.240.680.540.35-0.590.780.640.520.650.450.66
-0.72-0.550.43-0.44-0.74-0.410.62-0.47-0.63-0.480.64-0.32-0.55-0.75-0.28-0.79-0.54-0.55-0.59-0.7-0.560.01-0.54-0.61-0.56
0.940.81-0.460.660.940.74-0.840.730.990.69-0.660.640.860.910.50.910.80.860.78-0.70.910.020.950.880.92
0.960.97-0.450.530.920.9-0.910.930.960.9-0.840.460.80.960.570.940.960.80.64-0.560.910.030.980.811.0
-0.05-0.030.670.740.090.070.040.020.080.09-0.10.48-0.390.00.320.09-0.03-0.390.520.010.020.030.05-0.150.05
0.960.89-0.50.60.950.8-0.930.870.970.79-0.730.620.870.940.670.920.880.870.65-0.540.950.980.050.890.98
0.910.68-0.750.450.920.48-0.920.690.840.5-0.50.690.960.840.730.820.660.960.45-0.610.880.81-0.150.890.81
0.960.96-0.440.560.930.9-0.910.930.960.9-0.840.480.80.960.570.940.960.80.66-0.560.921.00.050.980.81
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European Wax Account Relationship Matchups

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