IdeaForge Current Deferred Revenue vs Total Current Liabilities Analysis

IDEAFORGE   572.90  1.10  0.19%   
IdeaForge Technology financial indicator trend analysis is infinitely more than just investigating ideaForge Technology recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether ideaForge Technology is a good investment. Please check the relationship between IdeaForge Technology Current Deferred Revenue 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 ideaForge Technology 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 census.

Current Deferred Revenue vs Total Current Liabilities

Current Deferred Revenue vs Total Current Liabilities Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of ideaForge Technology Current Deferred Revenue account and Total Current Liabilities. At this time, the significance of the direction appears to have almost identical trend.
The correlation between IdeaForge Technology's Current Deferred Revenue and Total Current Liabilities is 0.93. Overlapping area represents the amount of variation of Current Deferred Revenue that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of ideaForge Technology Limited, assuming nothing else is changed. The correlation between historical values of IdeaForge Technology's Current Deferred Revenue 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 Current Deferred Revenue of ideaForge Technology Limited 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 Current Deferred Revenue i.e., IdeaForge Technology's Current Deferred Revenue and Total Current Liabilities go up and down completely randomly.

Correlation Coefficient

0.93
Relationship DirectionPositive 
Relationship StrengthVery Strong

Current Deferred Revenue

Revenue that has been collected but not yet earned, typically from prepaid service contracts or subscriptions. This amount is considered a liability until the service is provided or the subscription period ends.

Total Current Liabilities

Total Current Liabilities is an item on IdeaForge Technology balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of ideaForge Technology Limited 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 IdeaForge Technology's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into ideaForge Technology 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 ideaForge Technology 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 census.
As of 11/29/2024, Selling General Administrative is likely to grow to about 566.7 M
 2021 2022 2023 2024 (projected)
Gross Profit1.2B1.3B1.6B802.5M
Total Revenue1.6B1.9B3.1B3.3B

IdeaForge Technology fundamental ratios Correlations

0.370.970.710.990.99-0.570.970.870.870.880.290.970.810.660.980.390.860.980.970.721.00.30.990.990.74
0.370.170.860.240.430.540.220.63-0.110.540.850.190.810.580.410.610.670.530.190.90.350.930.330.290.67
0.970.170.530.990.94-0.730.950.770.960.810.050.980.670.620.910.390.740.920.980.560.970.060.980.970.61
0.710.860.530.610.780.140.640.880.290.830.860.570.960.660.740.420.930.810.550.980.70.860.650.640.93
0.990.240.990.610.97-0.680.980.810.930.830.170.990.730.60.960.320.790.940.990.610.990.180.980.990.66
0.990.430.940.780.97-0.50.970.90.820.90.390.940.850.680.970.360.90.980.940.770.990.390.970.960.82
-0.570.54-0.730.14-0.68-0.5-0.66-0.24-0.89-0.320.54-0.71-0.02-0.08-0.510.11-0.18-0.41-0.710.15-0.580.58-0.6-0.63-0.04
0.970.220.950.640.980.97-0.660.810.90.820.250.980.710.50.960.170.80.910.960.60.970.220.930.970.7
0.870.630.770.880.810.9-0.240.810.60.980.560.770.950.710.840.490.990.910.760.890.850.560.840.810.88
0.87-0.110.960.290.930.82-0.890.90.60.65-0.190.940.440.410.820.210.550.780.940.30.88-0.190.890.90.4
0.880.540.810.830.830.9-0.320.820.980.650.470.780.910.770.830.470.970.910.780.840.860.460.870.820.87
0.290.850.050.860.170.390.540.250.56-0.190.470.120.70.340.370.150.640.410.090.790.270.960.190.20.75
0.970.190.980.570.990.94-0.710.980.770.940.780.120.680.510.960.260.750.921.00.560.980.140.960.990.6
0.810.810.670.960.730.85-0.020.710.950.440.910.70.680.750.820.560.970.90.680.970.80.750.770.750.87
0.660.580.620.660.60.68-0.080.50.710.410.770.340.510.750.560.710.720.750.560.750.630.410.730.590.71
0.980.410.910.740.960.97-0.510.960.840.820.830.370.960.820.560.290.850.950.950.720.980.40.930.980.71
0.390.610.390.420.320.360.110.170.490.210.470.150.260.560.710.290.440.530.320.610.370.290.470.330.36
0.860.670.740.930.790.9-0.180.80.990.550.970.640.750.970.720.850.440.910.740.920.840.630.820.790.91
0.980.530.920.810.940.98-0.410.910.910.780.910.410.920.90.750.950.530.910.920.830.970.440.970.950.81
0.970.190.980.550.990.94-0.710.960.760.940.780.091.00.680.560.950.320.740.920.560.980.120.970.990.57
0.720.90.560.980.610.770.150.60.890.30.840.790.560.970.750.720.610.920.830.560.70.820.680.640.9
1.00.350.970.70.990.99-0.580.970.850.880.860.270.980.80.630.980.370.840.970.980.70.290.980.990.72
0.30.930.060.860.180.390.580.220.56-0.190.460.960.140.750.410.40.290.630.440.120.820.290.220.230.67
0.990.330.980.650.980.97-0.60.930.840.890.870.190.960.770.730.930.470.820.970.970.680.980.220.970.7
0.990.290.970.640.990.96-0.630.970.810.90.820.20.990.750.590.980.330.790.950.990.640.990.230.970.64
0.740.670.610.930.660.82-0.040.70.880.40.870.750.60.870.710.710.360.910.810.570.90.720.670.70.64
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IdeaForge Technology Account Relationship Matchups

IdeaForge Technology fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets797.9M1.2B2.2B4.9B7.4B7.8B
Short Long Term Debt Total66.1M510.4M163.7M1.0B144.9M137.7M
Other Current Liab17.3M63.1M120.9M129.9M425.1M446.4M
Total Current Liabilities96.9M243.1M471.8M1.5B684.6M562.6M
Total Stockholder Equity681.2M597.5M1.6B3.2B6.6B6.9B
Property Plant And Equipment Net23.7M13.9M130.2M271.5M350.3M367.8M
Net Debt65.2M477.7M(140.4M)979.0M(1.5B)(1.4B)
Retained Earnings(244.6M)(390.4M)50.0M369.7M822.3M863.4M
Accounts Payable8.2M47.5M74.9M139.9M159.7M82.5M
Cash900K32.7M304.2M26.6M1.6B1.7B
Non Current Assets Total303.7M423.4M787.2M1.0B1.4B767.6M
Non Currrent Assets Other16.5M14.5M424.2M1.6B67.4M64.1M
Cash And Short Term Investments130.1M121.4M457.3M1.6B3.6B3.8B
Net Receivables112.3M237.5M203.1M578.2M443.5M304.8M
Short Term Investments129.2M88.7M153.1M1.6B1.9B2.0B
Liabilities And Stockholders Equity797.9M1.2B2.2B4.9B7.4B7.8B
Non Current Liabilities Total19.8M396.8M118.5M137.8M134.5M149.9M
Inventory108.6M234.2M489.1M1.0B1.0B551.6M
Other Current Assets43.2M289.8M314.3M797.2M947.7M995.1M
Other Stockholder Equity890.1M895.6M902.7M2.4B5.3B5.5B
Total Liab116.7M639.9M590.3M1.6B819.1M712.5M
Total Current Assets494.2M814.1M1.4B3.8B6.0B6.3B
Accumulated Other Comprehensive Income34.4M91.0M679.1M309.0M95.4M90.6M
Short Term Debt69.4M132.6M69.2M892.9M39.8M37.8M
Intangible Assets190.8M258.0M322.7M464.7M862.6M905.8M

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