| NTE Stock | | | CAD 0.10 0.01 11.11% |
Network Media financial indicator trend analysis is infinitely more than just investigating Network Media Group recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Network Media Group is a good investment. Please check the relationship between Network Media Cash and its Total Current Liabilities accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Network Media Group. 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 vs Total Current Liabilities
Cash vs Total Current Liabilities Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Network Media Group Cash account and
Total Current Liabilities. At this time, the significance of the direction appears to have strong relationship.
The correlation between Network Media's Cash and Total Current Liabilities is 0.73. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of Network Media Group, assuming nothing else is changed. The correlation between historical values of Network Media's Cash 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 of Network Media Group 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 i.e., Network Media's Cash and Total Current Liabilities go up and down completely randomly.
Correlation Coefficient | 0.73 |
| Relationship Direction | Positive |
| Relationship Strength | Significant |
Cash
Cash refers to the most liquid asset of Network Media Group, which is listed under current asset account on Network Media Group balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Network Media customers. The amounts must be unrestricted with restricted cash listed in a different Network Media account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.
Total Current Liabilities
Total Current Liabilities is an item on Network Media balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Network Media Group 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 Network Media's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Network Media Group 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 Network Media Group. 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.
Tax Provision is likely to climb to about 42.7
K in 2024, whereas
Selling General Administrative is likely to drop slightly above 1.1
M in 2024.
Network Media fundamental ratios Correlations
Click cells to compare fundamentals
Network Media Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Network Media fundamental ratios Accounts
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Additional Tools for Network Stock Analysis
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measure Network Media's 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 Network Media is operating at the current time. Most of Network Media's value examination focuses on studying past and present price action to
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