PowerBand Total Current Assets vs Cash Analysis

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PowerBand Solutions financial indicator trend analysis is much more than just breaking down PowerBand Solutions prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether PowerBand Solutions is a good investment. Please check the relationship between PowerBand Solutions Total Current Assets and its Cash accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in PowerBand Solutions. 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.

Total Current Assets vs Cash

Total Current Assets vs Cash Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of PowerBand Solutions Total Current Assets account and Cash. At this time, the significance of the direction appears to have almost identical trend.

The correlation between PowerBand Solutions' Total Current Assets and Cash is 0.97. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Cash in the same time period over historical financial statements of PowerBand Solutions, assuming nothing else is changed. The correlation between historical values of PowerBand Solutions' Total Current Assets and Cash is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Current Assets of PowerBand Solutions are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Total Current Assets i.e., PowerBand Solutions' Total Current Assets and Cash go up and down completely randomly.

Correlation Coefficient

0.97

Relationship Direction	Positive
Relationship Strength	Very Strong

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Total Current Assets

The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.

Cash

Cash refers to the most liquid asset of PowerBand Solutions, which is listed under current asset account on PowerBand Solutions balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from PowerBand Solutions customers. The amounts must be unrestricted with restricted cash listed in a different PowerBand Solutions 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.

Most indicators from PowerBand Solutions' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into PowerBand Solutions 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in PowerBand Solutions. 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, PowerBand Solutions' Selling General Administrative is fairly stable compared to the past year. Sales General And Administrative To Revenue is likely to climb to 5.45 in 2024, whereas Issuance Of Capital Stock is likely to drop 0.00 in 2024.

	2021	2022	2023	2024 (projected)
Reconciled Depreciation	1.6M	1.2M	913.0K	1.1M
Total Operating Expenses	35.6M	28.2M	24.6M	18.7M

Reconciled Depreciation Total Operating Expenses

PowerBand Solutions fundamental ratios Correlations

	Total Current Liabilities	Net Tangible Assets	Retained Earnings	Accounts Payable	Net Receivables	Total Current Assets	Common Stock	Total Assets	Total Stockholder Equity	Net Debt	Cash	Non Current Assets Total	Long Term Debt	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Stockholder Equity	Total Liab	Net Invested Capital	Short Long Term Debt	Net Working Capital	Intangible Assets	Capital Stock	Other Current Liab	Property Plant And Equipment Net	Good Will	Capital Lease Obligations
Total Current Liabilities		-0.26	-0.89	0.62	0.49	0.43	0.61	0.57	-0.71	0.67	0.39	0.58	0.06	0.75	0.57	0.66	0.83	-0.53	0.76	-0.88	0.89	0.75	-0.03	-0.93	0.17	-0.9
Net Tangible Assets	-0.26		0.0	-0.07	-0.2	-0.07	0.04	-0.16	0.07	-0.33	-0.07	-0.26	-0.34	-0.06	-0.28	0.0	-0.19	0.09	-0.03	0.11	-0.07	-0.04	-0.49	0.14	-0.38	0.08
Retained Earnings	-0.89	0.0		-0.79	-0.51	-0.67	-0.74	-0.67	0.47	-0.69	-0.67	-0.53	0.1	-0.92	-0.54	-0.78	-0.83	0.27	-0.85	0.68	-0.97	-0.93	0.18	0.84	-0.03	0.98
Accounts Payable	0.62	-0.07	-0.79		0.87	0.92	0.92	0.96	0.03	0.86	0.84	0.83	0.38	0.93	0.84	0.9	0.86	0.25	0.85	-0.31	0.86	0.84	0.06	-0.67	0.42	-0.77
Net Receivables	0.49	-0.2	-0.51	0.87		0.75	0.84	0.95	0.09	0.8	0.59	0.99	0.74	0.69	0.96	0.78	0.78	0.28	0.64	-0.27	0.67	0.51	0.37	-0.63	0.73	-0.49
Total Current Assets	0.43	-0.07	-0.67	0.92	0.75		0.72	0.91	0.3	0.64	0.97	0.68	0.23	0.82	0.67	0.75	0.64	0.51	0.7	-0.01	0.76	0.79	-0.03	-0.53	0.37	-0.66
Common Stock	0.61	0.04	-0.74	0.92	0.84	0.72		0.86	-0.13	0.86	0.61	0.84	0.45	0.9	0.81	0.96	0.92	0.07	0.81	-0.46	0.8	0.75	0.19	-0.65	0.44	-0.72
Total Assets	0.57	-0.16	-0.67	0.96	0.95	0.91	0.86		0.11	0.8	0.8	0.92	0.53	0.83	0.9	0.86	0.81	0.33	0.74	-0.25	0.81	0.71	0.22	-0.69	0.61	-0.66
Total Stockholder Equity	-0.71	0.07	0.47	0.03	0.09	0.3	-0.13	0.11		-0.22	0.32	-0.04	0.19	-0.2	-0.06	-0.12	-0.38	0.97	-0.29	0.93	-0.37	-0.21	0.08	0.54	0.22	0.46
Net Debt	0.67	-0.33	-0.69	0.86	0.8	0.64	0.86	0.8	-0.22		0.54	0.81	0.56	0.83	0.89	0.77	0.91	-0.03	0.85	-0.49	0.73	0.7	0.16	-0.6	0.39	-0.67
Cash	0.39	-0.07	-0.67	0.84	0.59	0.97	0.61	0.8	0.32	0.54		0.51	0.02	0.79	0.51	0.67	0.53	0.49	0.64	0.05	0.72	0.81	-0.11	-0.44	0.2	-0.67
Non Current Assets Total	0.58	-0.26	-0.53	0.83	0.99	0.68	0.84	0.92	-0.04	0.81	0.51		0.75	0.68	0.96	0.79	0.83	0.15	0.64	-0.39	0.69	0.5	0.42	-0.7	0.76	-0.52
Long Term Debt	0.06	-0.34	0.1	0.38	0.74	0.23	0.45	0.53	0.19	0.56	0.02	0.75		0.14	0.76	0.32	0.42	0.27	0.23	-0.04	0.07	-0.08	0.52	-0.18	0.79	0.11
Common Stock Shares Outstanding	0.75	-0.06	-0.92	0.93	0.69	0.82	0.9	0.83	-0.2	0.83	0.79	0.68	0.14		0.68	0.93	0.91	0.01	0.9	-0.49	0.93	0.96	-0.04	-0.73	0.23	-0.92
Non Current Liabilities Total	0.57	-0.28	-0.54	0.84	0.96	0.67	0.81	0.9	-0.06	0.89	0.51	0.96	0.76	0.68		0.71	0.83	0.14	0.72	-0.38	0.67	0.51	0.27	-0.64	0.63	-0.5
Other Stockholder Equity	0.66	0.0	-0.78	0.9	0.78	0.75	0.96	0.86	-0.12	0.77	0.67	0.79	0.32	0.93	0.71		0.9	0.07	0.78	-0.46	0.85	0.81	0.2	-0.72	0.48	-0.8
Total Liab	0.83	-0.19	-0.83	0.86	0.78	0.64	0.92	0.81	-0.38	0.91	0.53	0.83	0.42	0.91	0.83	0.9		-0.17	0.9	-0.67	0.88	0.81	0.12	-0.83	0.45	-0.84
Net Invested Capital	-0.53	0.09	0.27	0.25	0.28	0.51	0.07	0.33	0.97	-0.03	0.49	0.15	0.27	0.01	0.14	0.07	-0.17		-0.05	0.82	-0.15	0.0	0.01	0.33	0.32	0.27
Short Long Term Debt	0.76	-0.03	-0.85	0.85	0.64	0.7	0.81	0.74	-0.29	0.85	0.64	0.64	0.23	0.9	0.72	0.78	0.9	-0.05		-0.53	0.86	0.89	-0.3	-0.74	0.18	-0.84
Net Working Capital	-0.88	0.11	0.68	-0.31	-0.27	-0.01	-0.46	-0.25	0.93	-0.49	0.05	-0.39	-0.04	-0.49	-0.38	-0.46	-0.67	0.82	-0.53		-0.64	-0.44	-0.04	0.78	-0.05	0.67
Intangible Assets	0.89	-0.07	-0.97	0.86	0.67	0.76	0.8	0.81	-0.37	0.73	0.72	0.69	0.07	0.93	0.67	0.85	0.88	-0.15	0.86	-0.64		0.92	-0.07	-0.91	0.26	-0.97
Capital Stock	0.75	-0.04	-0.93	0.84	0.51	0.79	0.75	0.71	-0.21	0.7	0.81	0.5	-0.08	0.96	0.51	0.81	0.81	0.0	0.89	-0.44	0.92		-0.25	-0.72	0.08	-0.95
Other Current Liab	-0.03	-0.49	0.18	0.06	0.37	-0.03	0.19	0.22	0.08	0.16	-0.11	0.42	0.52	-0.04	0.27	0.2	0.12	0.01	-0.3	-0.04	-0.07	-0.25		-0.01	0.64	0.14
Property Plant And Equipment Net	-0.93	0.14	0.84	-0.67	-0.63	-0.53	-0.65	-0.69	0.54	-0.6	-0.44	-0.7	-0.18	-0.73	-0.64	-0.72	-0.83	0.33	-0.74	0.78	-0.91	-0.72	-0.01		-0.4	0.86
Good Will	0.17	-0.38	-0.03	0.42	0.73	0.37	0.44	0.61	0.22	0.39	0.2	0.76	0.79	0.23	0.63	0.48	0.45	0.32	0.18	-0.05	0.26	0.08	0.64	-0.4		-0.1
Capital Lease Obligations	-0.9	0.08	0.98	-0.77	-0.49	-0.66	-0.72	-0.66	0.46	-0.67	-0.67	-0.52	0.11	-0.92	-0.5	-0.8	-0.84	0.27	-0.84	0.67	-0.97	-0.95	0.14	0.86	-0.1

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PowerBand Solutions Account Relationship Matchups

PowerBand Solutions fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Current Liabilities	6.1M	9.3M	11.1M	7.3M	18.5M	19.4M
Net Tangible Assets	1.0M	(3.5M)	(6.4M)	(3.7M)	(3.3M)	(3.5M)
Retained Earnings	(19.6M)	(23.3M)	(45.8M)	(75.3M)	(96.0M)	(91.2M)
Accounts Payable	1.5M	1.5M	2.4M	2.8M	1.7M	1.5M
Net Receivables	994.8K	1.3M	1.5M	890.9K	411.2K	785.9K
Total Current Assets	2.0M	3.3M	9.1M	12.0M	2.6M	4.2M
Common Stock	3.9M	11.8M	16.2M	18.9M	21.8M	11.2M
Total Assets	9.1M	13.8M	20.4M	17.2M	6.9M	11.2M
Total Stockholder Equity	(1.7M)	(697.7K)	3.9M	8.0M	(12.0M)	(11.4M)
Cash	243.0K	1.4M	5.1M	10.1M	1.8M	3.0M
Non Current Assets Total	7.1M	10.5M	11.3M	5.2M	4.3M	6.6M
Common Stock Shares Outstanding	105.8M	137.5M	198.2M	298.8M	299.3M	172.2M
Non Current Liabilities Total	4.4M	3.7M	4.8M	2.5M	2.0M	2.8M
Other Current Assets	272.8K	569.9K	631.9K	751.9K	864.7K	489.8K
Total Liab	10.5M	13.0M	15.9M	9.9M	20.5M	11.1M
Net Invested Capital	(189.9K)	(443.0K)	7.8M	9.7M	(9.3M)	(8.8M)
Long Term Investments	268.2K	636.6K	195.5K	442.7K	564.9K	499.6K
Short Long Term Debt	1.5M	254.6K	2.2M	1.7M	2.6M	1.3M
Net Working Capital	(4.1M)	(5.9M)	(2.0M)	4.7M	(15.9M)	(15.1M)
Intangible Assets	1.4M	1.6M	2.9M	4.8M	5.5M	5.8M
Capital Stock	16.2M	18.9M	43.9M	65.7M	65.8M	40.7M

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