Creative Total Current Assets vs Total Current Liabilities Analysis
Creative Edge financial indicator trend analysis is way more than just evaluating Creative Edge Nutrit prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Creative Edge Nutrit is a good investment. Please check the relationship between Creative Edge Total Current Assets and its Total Current Liabilities accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Creative Edge Nutrit. 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 Assets vs Total Current Liabilities
Total Current Assets vs Total Current Liabilities Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Creative Edge Nutrit Total Current Assets account and Total Current Liabilities. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Creative Edge's Total Current Assets and Total Current Liabilities is -0.58. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of Creative Edge Nutrit, assuming nothing else is changed. The correlation between historical values of Creative Edge's Total Current Assets and Total Current Liabilities 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 Assets of Creative Edge Nutrit are associated (or correlated) with its Total Current Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Liabilities has no effect on the direction of Total Current Assets i.e., Creative Edge's Total Current Assets and Total Current Liabilities go up and down completely randomly.
Correlation Coefficient | -0.58 |
| Relationship Direction | Negative |
| Relationship Strength | Very Weak |
Total Current Assets
The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.Total Current Liabilities
Total Current Liabilities is an item on Creative Edge balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Creative Edge Nutrit 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.Most indicators from Creative Edge's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Creative Edge Nutrit 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 Creative Edge Nutrit. 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. Enterprise Value is likely to rise to about 15.4 M in 2024, whereas Discontinued Operations is likely to drop 4,650 in 2024.
| 2013 | 2014 | 2023 | 2024 (projected) | Gross Profit | 470.2K | 18.7K | 21.5K | 20.4K | Total Revenue | 834.6K | 92.3K | 106.1K | 100.8K |
Creative Edge fundamental ratios Correlations
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Creative Edge Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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When running Creative Edge's price analysis, check to measure Creative Edge'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 Creative Edge is operating at the current time. Most of Creative Edge's value examination focuses on studying past and present price action to predict the probability of Creative Edge's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Creative Edge's price. Additionally, you may evaluate how the addition of Creative Edge to your portfolios can decrease your overall portfolio volatility.