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 Long Term Debt and its Property Plant Equipment 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.
Long Term Debt vs Property Plant Equipment
Long Term Debt vs Property Plant Equipment Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Globus Spirits Long Term Debt account and
Property Plant Equipment. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Globus Spirits' Long Term Debt and Property Plant Equipment is 0.45. Overlapping area represents the amount of variation of Long Term Debt that can explain the historical movement of Property Plant Equipment 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' Long Term Debt and Property Plant Equipment is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Long Term Debt of Globus Spirits Limited are associated (or correlated) with its Property Plant Equipment. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Property Plant Equipment has no effect on the direction of Long Term Debt i.e., Globus Spirits' Long Term Debt and Property Plant Equipment go up and down completely randomly.
Correlation Coefficient | 0.45 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Long Term Debt
Long-term debt is a debt that Globus Spirits has held for over one year. Long-term debt appears on Globus Spirits Limited balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on Globus Spirits Limited balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.
Property Plant Equipment
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.
Globus Spirits fundamental ratios Correlations
Click cells to compare fundamentals
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
When running Globus Spirits' price analysis, check to
measure Globus Spirits' 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 Globus Spirits is operating at the current time. Most of Globus Spirits' value examination focuses on studying past and present price action to
predict the probability of Globus Spirits' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Globus Spirits' price. Additionally, you may evaluate how the addition of Globus Spirits to your portfolios can decrease your overall portfolio volatility.