Globus Cash And Short Term Investments vs Net Receivables Analysis

GLOBUSSPR

843.15 25.45 3.11%

Globus Spirits financial indicator trend analysis is much more than just examining Globus Spirits latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Globus Spirits is a good investment. Please check the relationship between Globus Spirits Cash And Short Term Investments and its Net Receivables accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Globus Spirits Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment.

Cash And Short Term Investments vs Net Receivables

Cash And Short Term Investments vs Net Receivables Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Globus Spirits Cash And Short Term Investments account and Net Receivables. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Globus Spirits' Cash And Short Term Investments and Net Receivables is 0.82. Overlapping area represents the amount of variation of Cash And Short Term Investments that can explain the historical movement of Net Receivables in the same time period over historical financial statements of Globus Spirits Limited, assuming nothing else is changed. The correlation between historical values of Globus Spirits' Cash And Short Term Investments and Net Receivables is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash And Short Term Investments of Globus Spirits Limited are associated (or correlated) with its Net Receivables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Receivables has no effect on the direction of Cash And Short Term Investments i.e., Globus Spirits' Cash And Short Term Investments and Net Receivables go up and down completely randomly.

Correlation Coefficient

0.82

Relationship Direction	Positive
Relationship Strength	Strong

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Cash And Short Term Investments

Short Term Investments is an account in the current assets section of Globus Spirits balance sheet. This account contains Globus Spirits investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Globus Spirits Limited 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.

Net Receivables

Most indicators from Globus Spirits' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Globus Spirits 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 Globus Spirits Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment.

Issuance Of Capital Stock is likely to gain to about 207.9 K in 2024, whereas Selling General Administrative is likely to drop slightly above 126.6 M in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	6.6B	8.7B	2.4B	3.1B
Total Revenue	15.8B	21.1B	24.1B	25.3B

Gross Profit Total Revenue

Globus Spirits fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Common Stock	Short Term Debt	Accounts Payable	Intangible Assets	Current Deferred Revenue	Retained Earnings	Good Will
Total Assets		0.67	0.38	0.96	0.99	0.81	0.58	0.8	0.82	0.69	0.85	0.92	0.56	0.61	0.97	0.82	0.19	0.98	0.96	-0.11	0.9	0.95	-0.64	0.67	0.94	-0.03
Short Long Term Debt Total	0.67		-0.02	0.58	0.6	0.89	0.97	0.38	0.88	0.22	0.4	0.43	0.72	0.91	0.61	0.33	0.27	0.73	0.49	-0.29	0.6	0.54	-0.8	0.43	0.48	0.11
Other Current Liab	0.38	-0.02		0.36	0.44	0.26	-0.09	0.23	0.3	0.49	0.43	0.48	-0.1	0.03	0.33	0.23	-0.14	0.3	0.49	0.25	0.22	0.32	0.08	0.59	0.5	-0.42
Total Current Liabilities	0.96	0.58	0.36		0.94	0.7	0.49	0.82	0.71	0.78	0.78	0.96	0.44	0.45	0.94	0.91	0.19	0.97	0.95	-0.07	0.97	0.99	-0.51	0.56	0.91	0.04
Total Stockholder Equity	0.99	0.6	0.44	0.94		0.8	0.5	0.8	0.8	0.7	0.89	0.92	0.54	0.57	0.96	0.81	0.13	0.95	0.97	-0.07	0.85	0.93	-0.6	0.72	0.96	-0.08
Property Plant And Equipment Net	0.81	0.89	0.26	0.7	0.8		0.82	0.51	1.0	0.4	0.62	0.6	0.76	0.83	0.75	0.45	0.27	0.81	0.68	-0.13	0.65	0.67	-0.71	0.66	0.68	0.01
Net Debt	0.58	0.97	-0.09	0.49	0.5	0.82		0.21	0.8	0.14	0.24	0.32	0.71	0.9	0.53	0.22	0.28	0.66	0.37	-0.32	0.54	0.44	-0.8	0.33	0.37	0.13
Cash	0.8	0.38	0.23	0.82	0.8	0.51	0.21		0.51	0.58	0.89	0.82	0.29	0.29	0.79	0.85	0.06	0.78	0.84	-0.01	0.76	0.85	-0.38	0.47	0.79	0.03
Non Current Assets Total	0.82	0.88	0.3	0.71	0.8	1.0	0.8	0.51		0.44	0.63	0.61	0.75	0.82	0.75	0.44	0.26	0.81	0.69	-0.11	0.65	0.66	-0.68	0.66	0.69	0.03
Non Currrent Assets Other	0.69	0.22	0.49	0.78	0.7	0.4	0.14	0.58	0.44		0.54	0.83	0.16	0.06	0.66	0.74	-0.09	0.67	0.76	0.25	0.76	0.76	-0.05	0.37	0.74	0.16
Cash And Short Term Investments	0.85	0.4	0.43	0.78	0.89	0.62	0.24	0.89	0.63	0.54		0.82	0.33	0.42	0.8	0.77	0.03	0.78	0.89	-0.06	0.66	0.81	-0.46	0.65	0.89	-0.09
Net Receivables	0.92	0.43	0.48	0.96	0.92	0.6	0.32	0.82	0.61	0.83	0.82		0.23	0.32	0.91	0.94	0.1	0.89	0.98	-0.09	0.9	0.97	-0.4	0.64	0.96	-0.1
Common Stock Shares Outstanding	0.56	0.72	-0.1	0.44	0.54	0.76	0.71	0.29	0.75	0.16	0.33	0.23		0.76	0.48	0.14	0.34	0.58	0.34	0.12	0.42	0.38	-0.6	0.21	0.3	0.27
Non Current Liabilities Total	0.61	0.91	0.03	0.45	0.57	0.83	0.9	0.29	0.82	0.06	0.42	0.32	0.76		0.54	0.17	0.36	0.66	0.42	-0.35	0.43	0.41	-0.84	0.45	0.43	0.02
Inventory	0.97	0.61	0.33	0.94	0.96	0.75	0.53	0.79	0.75	0.66	0.8	0.91	0.48	0.54		0.85	0.19	0.95	0.95	-0.2	0.86	0.96	-0.69	0.73	0.94	-0.15
Other Current Assets	0.82	0.33	0.23	0.91	0.81	0.45	0.22	0.85	0.44	0.74	0.77	0.94	0.14	0.17	0.85		0.09	0.81	0.9	-0.11	0.87	0.95	-0.35	0.46	0.87	0.0
Other Stockholder Equity	0.19	0.27	-0.14	0.19	0.13	0.27	0.28	0.06	0.26	-0.09	0.03	0.1	0.34	0.36	0.19	0.09		0.26	0.14	-0.45	0.21	0.15	-0.26	0.07	0.07	0.04
Total Liab	0.98	0.73	0.3	0.97	0.95	0.81	0.66	0.78	0.81	0.67	0.78	0.89	0.58	0.66	0.95	0.81	0.26		0.92	-0.16	0.93	0.95	-0.67	0.58	0.89	0.04
Total Current Assets	0.96	0.49	0.49	0.95	0.97	0.68	0.37	0.84	0.69	0.76	0.89	0.98	0.34	0.42	0.95	0.9	0.14	0.92		-0.12	0.86	0.97	-0.51	0.72	0.99	-0.15
Common Stock	-0.11	-0.29	0.25	-0.07	-0.07	-0.13	-0.32	-0.01	-0.11	0.25	-0.06	-0.09	0.12	-0.35	-0.2	-0.11	-0.45	-0.16	-0.12		-0.1	-0.09	0.55	-0.28	-0.18	0.2
Short Term Debt	0.9	0.6	0.22	0.97	0.85	0.65	0.54	0.76	0.65	0.76	0.66	0.9	0.42	0.43	0.86	0.87	0.21	0.93	0.86	-0.1		0.94	-0.46	0.39	0.82	0.21
Accounts Payable	0.95	0.54	0.32	0.99	0.93	0.67	0.44	0.85	0.66	0.76	0.81	0.97	0.38	0.41	0.96	0.95	0.15	0.95	0.97	-0.09	0.94		-0.52	0.59	0.93	-0.01
Intangible Assets	-0.64	-0.8	0.08	-0.51	-0.6	-0.71	-0.8	-0.38	-0.68	-0.05	-0.46	-0.4	-0.6	-0.84	-0.69	-0.35	-0.26	-0.67	-0.51	0.55	-0.46	-0.52		-0.56	-0.54	0.17
Current Deferred Revenue	0.67	0.43	0.59	0.56	0.72	0.66	0.33	0.47	0.66	0.37	0.65	0.64	0.21	0.45	0.73	0.46	0.07	0.58	0.72	-0.28	0.39	0.59	-0.56		0.77	-0.62
Retained Earnings	0.94	0.48	0.5	0.91	0.96	0.68	0.37	0.79	0.69	0.74	0.89	0.96	0.3	0.43	0.94	0.87	0.07	0.89	0.99	-0.18	0.82	0.93	-0.54	0.77		-0.17
Good Will	-0.03	0.11	-0.42	0.04	-0.08	0.01	0.13	0.03	0.03	0.16	-0.09	-0.1	0.27	0.02	-0.15	0.0	0.04	0.04	-0.15	0.2	0.21	-0.01	0.17	-0.62	-0.17

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Globus Spirits Account Relationship Matchups

Globus Spirits fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	8.0B	9.9B	12.4B	15.9B	17.7B	18.6B
Short Long Term Debt Total	1.8B	1.9B	1.8B	2.9B	3.3B	1.7B
Other Current Liab	167.7M	278.3M	415.9M	616.9M	295.9M	313.8M
Total Current Liabilities	1.9B	2.4B	2.6B	4.6B	6.0B	6.3B
Total Stockholder Equity	4.5B	5.9B	7.7B	8.9B	9.7B	10.2B
Property Plant And Equipment Net	6.0B	6.3B	7.7B	9.2B	10.4B	5.4B
Net Debt	1.6B	1.3B	1.5B	2.6B	2.5B	1.5B
Cash	199.8M	581.3M	256.2M	279.9M	779.7M	818.7M
Non Current Assets Total	6.2B	6.9B	8.5B	10.8B	11.4B	6.0B
Non Currrent Assets Other	(255.4M)	4K	459K	852.8M	836.4M	878.2M
Cash And Short Term Investments	199.8M	581.3M	760.8M	456.9M	779.2M	818.1M
Net Receivables	338.2M	879.1M	1.2B	2.1B	2.8B	2.9B
Liabilities And Stockholders Equity	8.0B	9.9B	12.4B	15.9B	17.7B	18.6B
Non Current Liabilities Total	1.7B	1.7B	2.1B	2.4B	1.9B	1.5B
Inventory	1.1B	1.0B	1.1B	1.6B	1.9B	2.0B
Other Current Assets	162.8M	543.6M	838.0M	1.0B	3.7B	3.8B
Total Liab	3.5B	4.1B	4.6B	7.0B	8.0B	8.4B
Total Current Assets	1.8B	3.0B	3.9B	5.1B	6.3B	6.6B
Accumulated Other Comprehensive Income	(1.4B)	138.1M	138.8M	134.0M	201.0M	211.1M
Short Term Debt	463.5M	746.6M	671.2M	1.7B	2.3B	2.4B
Accounts Payable	1.1B	1.2B	1.4B	2.1B	3.1B	3.3B
Current Deferred Revenue	238.6M	233.6M	288.8M	369.2M	298.8M	170.0M
Retained Earnings	2.5B	3.9B	5.8B	6.9B	7.8B	8.2B
Other Liab	283.6M	333.1M	575.2M	945.3M	1.1B	1.1B
Net Tangible Assets	4.0B	4.5B	5.8B	7.7B	8.9B	4.7B
Other Assets	244.6M	613.9M	640.6M	852.8M	3.8M	3.6M
Long Term Debt	1.3B	1.1B	1.1B	1.1B	919.7M	1.3B
Short Long Term Debt	449.0M	272.8M	650.4M	1.6B	2.3B	2.4B
Property Plant Equipment	6.0B	6.3B	7.7B	9.2B	10.6B	6.8B
Long Term Debt Total	1.3B	1.1B	1.1B	1.2B	1.1B	1.1B
Capital Lease Obligations	28.9M	81.8M	63.2M	155.1M	111.5M	66.6M
Net Invested Capital	6.2B	7.2B	9.5B	11.6B	12.9B	9.4B

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Globus Cash And Short Term Investments vs Net Receivables Analysis

Cash And Short Term Investments vs Net Receivables

Cash And Short Term Investments vs Net Receivables Correlation Analysis

Correlation Coefficient

Cash And Short Term Investments

Net Receivables

Globus Spirits fundamental ratios Correlations

Globus Spirits Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Globus Spirits fundamental ratios Accounts

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Additional Tools for Globus Stock Analysis

COMMON DESTINATIONS

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COMPANY

Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Total Stockholder Equity	+ 0.99	Total Assets
Accounts Payable	+ 0.99	Total Current Liabilities
Retained Earnings	+ 0.99	Total Current Assets
Total Liab	+ 0.98	Total Assets
Total Current Assets	+ 0.98	Net Receivables

Intangible Assets	- 0.84	Non Current Liabilities Total
Intangible Assets	- 0.8	Net Debt
Intangible Assets	- 0.8	Short Long Term Debt Total
Intangible Assets	- 0.71	Property Plant And Equipment Net
Intangible Assets	- 0.69	Inventory
Intangible Assets	- 0.68	Non Current Assets Total