Global Net Debt vs Total Current Liabilities Analysis
| GLACU Stock | USD 10.80 0.08 0.75% |
Global Lights financial indicator trend analysis is much more than just examining Global Lights Acquisition latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Global Lights Acquisition is a good investment. Please check the relationship between Global Lights Net Debt and its Total Current Liabilities accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Global Lights 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 main economic indicators.
Net Debt vs Total Current Liabilities
Net Debt vs Total Current Liabilities Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Global Lights Acquisition Net Debt account and Total Current Liabilities. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Global Lights' Net Debt and Total Current Liabilities is 0.89. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of Global Lights Acquisition, assuming nothing else is changed. The correlation between historical values of Global Lights' Net Debt 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 Net Debt of Global Lights Acquisition 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 Net Debt i.e., Global Lights' Net Debt and Total Current Liabilities go up and down completely randomly.
Correlation Coefficient | 0.89 |
| Relationship Direction | Positive |
| Relationship Strength | Strong |
Net Debt
The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.Total Current Liabilities
Total Current Liabilities is an item on Global Lights 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 Lights 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.Most indicators from Global Lights' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Global Lights Acquisition 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 Lights 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 main economic indicators. At this time, Global Lights' Enterprise Value Over EBITDA is comparatively stable compared to the past year. Enterprise Value Multiple is likely to gain to 41.59 in 2024, whereas Issuance Of Capital Stock is likely to drop slightly above 39.9 M in 2024.
Global Lights fundamental ratios Correlations
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Global Lights Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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When running Global Lights' price analysis, check to measure Global Lights' 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 Global Lights is operating at the current time. Most of Global Lights' value examination focuses on studying past and present price action to predict the probability of Global Lights' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Global Lights' price. Additionally, you may evaluate how the addition of Global Lights to your portfolios can decrease your overall portfolio volatility.