New Cash And Short Term Investments vs Total Current Liabilities Analysis

NSE Stock

CAD 0.72 0.02 2.86%

New Stratus financial indicator trend analysis is infinitely more than just investigating New Stratus Energy recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether New Stratus Energy is a good investment. Please check the relationship between New Stratus Cash And Short Term Investments and its Total Current Liabilities accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in New Stratus Energy. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Cash And Short Term Investments vs Total Current Liabilities

Cash And Short Term Investments vs Total Current Liabilities Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of New Stratus Energy Cash And Short Term Investments account and Total Current Liabilities. At this time, the significance of the direction appears to have almost no relationship.

The correlation between New Stratus' Cash And Short Term Investments and Total Current Liabilities is 0.19. Overlapping area represents the amount of variation of Cash And Short Term Investments that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of New Stratus Energy, assuming nothing else is changed. The correlation between historical values of New Stratus' Cash And Short Term Investments 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 Cash And Short Term Investments of New Stratus Energy 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 Cash And Short Term Investments i.e., New Stratus' Cash And Short Term Investments and Total Current Liabilities go up and down completely randomly.

Correlation Coefficient

0.19

Relationship Direction	Positive
Relationship Strength	Insignificant

View All Relationships

Cash And Short Term Investments

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

Total Current Liabilities

Total Current Liabilities is an item on New Stratus balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of New Stratus Energy 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 New Stratus' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into New Stratus Energy 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in New Stratus Energy. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

At this time, New Stratus' Selling General Administrative is fairly stable compared to the past year. Enterprise Value is likely to climb to about 66.7 M in 2024, whereas Tax Provision is likely to drop 4,242 in 2024.

New Stratus fundamental ratios Correlations

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Stockholder Equity	Total Liab	Total Current Assets	Other Current Liab	Other Current Assets	Non Currrent Assets Other	Inventory	Common Stock	Short Long Term Debt Total	Short Term Debt	Other Liab	Net Tangible Assets	Short Term Investments
Total Assets		0.78	0.95	-0.02	-0.79	0.2	0.84	0.76	0.01	0.76	0.88	0.85	0.64	-0.19	0.98	1.0	0.78	0.96	-0.01	0.73	0.84	-0.61	-0.61	0.54	0.91	-0.46
Total Current Liabilities	0.78		0.55	0.07	-0.25	0.35	0.99	0.19	0.11	0.19	0.98	0.41	0.02	-0.11	0.87	0.77	1.0	0.93	0.4	1.0	0.36	-0.32	-0.32	0.27	0.46	0.03
Total Stockholder Equity	0.95	0.55		0.01	-0.92	0.13	0.64	0.9	0.03	0.9	0.69	0.91	0.83	-0.19	0.88	0.95	0.55	0.82	-0.21	0.5	0.93	-0.66	-0.66	0.58	0.98	-0.62
Property Plant And Equipment Net	-0.02	0.07	0.01		0.21	0.42	0.04	-0.21	1.0	-0.21	0.03	-0.24	-0.19	0.4	-0.04	-0.09	0.07	-0.01	0.32	0.09	-0.19	0.14	0.14	-0.31	-0.17	0.18
Net Debt	-0.79	-0.25	-0.92	0.21		0.1	-0.36	-0.98	0.2	-0.98	-0.42	-0.93	-0.96	0.25	-0.68	-0.8	-0.24	-0.59	0.42	-0.18	-0.95	0.67	0.67	-0.62	-0.96	0.65
Retained Earnings	0.2	0.35	0.13	0.42	0.1		0.29	-0.11	0.44	-0.11	0.33	-0.23	-0.16	0.2	0.23	0.17	0.36	0.28	0.26	0.39	-0.22	0.25	0.25	-0.52	0.0	0.13
Accounts Payable	0.84	0.99	0.64	0.04	-0.36	0.29		0.3	0.08	0.3	0.99	0.52	0.14	-0.14	0.92	0.84	0.98	0.96	0.34	0.97	0.46	-0.43	-0.43	0.35	0.55	-0.02
Cash	0.76	0.19	0.9	-0.21	-0.98	-0.11	0.3		-0.21	1.0	0.36	0.92	0.98	-0.22	0.64	0.77	0.19	0.54	-0.44	0.12	0.96	-0.63	-0.63	0.61	0.96	-0.77
Non Current Assets Total	0.01	0.11	0.03	1.0	0.2	0.44	0.08	-0.21		-0.21	0.07	-0.23	-0.2	0.41	0.0	-0.06	0.12	0.03	0.33	0.13	-0.18	0.16	0.16	-0.32	-0.15	0.18
Cash And Short Term Investments	0.76	0.19	0.9	-0.21	-0.98	-0.11	0.3	1.0	-0.21		0.36	0.92	0.98	-0.22	0.64	0.77	0.19	0.54	-0.44	0.12	0.96	-0.63	-0.63	0.61	0.96	-0.77
Net Receivables	0.88	0.98	0.69	0.03	-0.42	0.33	0.99	0.36	0.07	0.36		0.56	0.2	-0.16	0.95	0.87	0.98	0.98	0.29	0.97	0.51	-0.43	-0.43	0.36	0.61	-0.1
Common Stock Shares Outstanding	0.85	0.41	0.91	-0.24	-0.93	-0.23	0.52	0.92	-0.23	0.92	0.56		0.86	-0.44	0.77	0.86	0.41	0.7	-0.38	0.35	0.98	-0.8	-0.8	0.83	0.95	-0.63
Non Current Liabilities Total	0.64	0.02	0.83	-0.19	-0.96	-0.16	0.14	0.98	-0.2	0.98	0.2	0.86		-0.18	0.5	0.65	0.02	0.39	-0.5	-0.05	0.91	-0.58	-0.58	0.56	0.9	-0.79
Other Stockholder Equity	-0.19	-0.11	-0.19	0.4	0.25	0.2	-0.14	-0.22	0.41	-0.22	-0.16	-0.44	-0.18		-0.18	-0.22	-0.12	-0.18	0.51	-0.11	-0.28	0.57	0.57	-0.74	-0.24	0.12
Total Liab	0.98	0.87	0.88	-0.04	-0.68	0.23	0.92	0.64	0.0	0.64	0.95	0.77	0.5	-0.18		0.98	0.87	0.99	0.1	0.84	0.75	-0.56	-0.56	0.5	0.83	-0.35
Total Current Assets	1.0	0.77	0.95	-0.09	-0.8	0.17	0.84	0.77	-0.06	0.77	0.87	0.86	0.65	-0.22	0.98		0.77	0.95	-0.03	0.72	0.85	-0.62	-0.62	0.56	0.92	-0.47
Other Current Liab	0.78	1.0	0.55	0.07	-0.24	0.36	0.98	0.19	0.12	0.19	0.98	0.41	0.02	-0.12	0.87	0.77		0.93	0.39	1.0	0.35	-0.33	-0.33	0.27	0.45	0.03
Other Current Assets	0.96	0.93	0.82	-0.01	-0.59	0.28	0.96	0.54	0.03	0.54	0.98	0.7	0.39	-0.18	0.99	0.95	0.93		0.17	0.9	0.66	-0.52	-0.52	0.45	0.76	-0.26
Non Currrent Assets Other	-0.01	0.4	-0.21	0.32	0.42	0.26	0.34	-0.44	0.33	-0.44	0.29	-0.38	-0.5	0.51	0.1	-0.03	0.39	0.17		0.42	-0.36	0.39	0.39	-0.41	-0.29	0.4
Inventory	0.73	1.0	0.5	0.09	-0.18	0.39	0.97	0.12	0.13	0.12	0.97	0.35	-0.05	-0.11	0.84	0.72	1.0	0.9	0.42		0.29	-0.29	-0.29	0.22	0.39	0.1
Common Stock	0.84	0.36	0.93	-0.19	-0.95	-0.22	0.46	0.96	-0.18	0.96	0.51	0.98	0.91	-0.28	0.75	0.85	0.35	0.66	-0.36	0.29		-0.74	-0.74	0.75	0.97	-0.73
Short Long Term Debt Total	-0.61	-0.32	-0.66	0.14	0.67	0.25	-0.43	-0.63	0.16	-0.63	-0.43	-0.8	-0.58	0.57	-0.56	-0.62	-0.33	-0.52	0.39	-0.29	-0.74		1.0	-0.77	-0.67	0.41
Short Term Debt	-0.61	-0.32	-0.66	0.14	0.67	0.25	-0.43	-0.63	0.16	-0.63	-0.43	-0.8	-0.58	0.57	-0.56	-0.62	-0.33	-0.52	0.39	-0.29	-0.74	1.0		-0.77	-0.67	0.41
Other Liab	0.54	0.27	0.58	-0.31	-0.62	-0.52	0.35	0.61	-0.32	0.61	0.36	0.83	0.56	-0.74	0.5	0.56	0.27	0.45	-0.41	0.22	0.75	-0.77	-0.77		0.63	-0.45
Net Tangible Assets	0.91	0.46	0.98	-0.17	-0.96	0.0	0.55	0.96	-0.15	0.96	0.61	0.95	0.9	-0.24	0.83	0.92	0.45	0.76	-0.29	0.39	0.97	-0.67	-0.67	0.63		-0.68
Short Term Investments	-0.46	0.03	-0.62	0.18	0.65	0.13	-0.02	-0.77	0.18	-0.77	-0.1	-0.63	-0.79	0.12	-0.35	-0.47	0.03	-0.26	0.4	0.1	-0.73	0.41	0.41	-0.45	-0.68

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New Stratus Account Relationship Matchups

New Stratus fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	943.2K	2.1M	104.2M	48.7M	56.0M	58.8M
Total Current Liabilities	1.9M	860.0K	72.4M	3.9M	4.5M	5.9M
Total Stockholder Equity	(961.8K)	1.2M	28.3M	22.1M	25.4M	26.6M
Net Debt	(141.0K)	(867.4K)	(15.5M)	(33.6M)	(30.3M)	(28.7M)
Retained Earnings	(18.5M)	(19.6M)	(4.8M)	(15.0M)	(13.5M)	(14.2M)
Accounts Payable	1.2M	500.4K	11.5M	1.9M	2.2M	1.5M
Cash	252.9K	867.4K	15.5M	33.6M	38.7M	40.6M
Non Current Assets Total	660.1K	1.1M	2.6M	636.4K	572.7K	544.1K
Cash And Short Term Investments	252.9K	867.4K	15.5M	33.6M	38.7M	40.6M
Net Receivables	25.0K	41.6K	53.3M	7.5M	8.6M	9.0M
Common Stock Shares Outstanding	37.8M	54.1M	108.1M	121.9M	123.0M	129.1M
Liabilities And Stockholders Equity	943.2K	2.1M	104.2M	48.7M	56.0M	58.8M
Other Stockholder Equity	1.3M	2.3M	4.3M	4.3M	3.9M	5.0M
Total Liab	1.9M	860.0K	75.9M	26.6M	30.6M	32.1M
Total Current Assets	283.1K	913.8K	101.5M	48.0M	55.2M	58.0M
Other Current Liab	594.8K	359.6K	60.9M	2.0M	2.3M	4.5M
Other Current Assets	5.2K	4.8K	26.7M	6.9M	8.0M	8.4M
Accumulated Other Comprehensive Income	(8.1K)	(930.0)	(371.1K)	965.0K	1.1M	1.2M
Non Currrent Assets Other	1.4K	1.2K	400.9K	7.1K	6.4K	6.0K
Common Stock	16.2M	18.5M	29.2M	31.8M	36.6M	38.4M
Net Invested Capital	(850.0K)	1.2M	28.3M	22.1M	25.4M	26.6M
Capital Stock	16.2M	18.5M	29.2M	31.8M	36.6M	24.2M
Net Working Capital	(1.6M)	53.8K	29.1M	44.1M	50.7M	53.2M

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