Global Total Current Liabilities vs Cash Analysis
| GBBKW Stock | USD 0.05 0.02 47.06% |
Global Blockchain financial indicator trend analysis is much more than just examining Global Blockchain latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Global Blockchain is a good investment. Please check the relationship between Global Blockchain Total Current Liabilities and its Cash accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Global Blockchain Acquisition. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in industry.
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 Global Blockchain Total Current Liabilities account and Cash. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Global Blockchain's Total Current Liabilities and Cash is -0.46. 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 Global Blockchain Acquisition, assuming nothing else is changed. The correlation between historical values of Global Blockchain's 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 Global Blockchain Acquisition 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., Global Blockchain's Total Current Liabilities and Cash go up and down completely randomly.
Correlation Coefficient | -0.46 |
| Relationship Direction | Negative |
| Relationship Strength | Very Weak |
Total Current Liabilities
Total Current Liabilities is an item on Global Blockchain balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Global Blockchain Acquisition 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 Global Blockchain, which is listed under current asset account on Global Blockchain Acquisition balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Global Blockchain customers. The amounts must be unrestricted with restricted cash listed in a different Global Blockchain 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 Global Blockchain's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Global Blockchain 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Global Blockchain Acquisition. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in industry. Tax Provision is likely to drop to about 1 M in 2024. Selling General Administrative is likely to drop to about 606.9 K in 2024
| 2010 | 2023 | 2024 (projected) | Net Interest Income | 2.5M | 6.7M | 5.1M | Tax Provision | 486.6K | 1.4M | 1.0M |
Global Blockchain fundamental ratios Correlations
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Global Blockchain Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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