Wag Total Stockholder Equity vs Total Current Liabilities Analysis

PETWW Stock  USD 0.02  0.0003  1.56%   
Wag Group financial indicator trend analysis is more than just analyzing Wag Group current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Wag Group is a good investment. Please check the relationship between Wag Group Total Stockholder Equity and its Total Current Liabilities accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Wag Group Co. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in housing.

Total Stockholder Equity vs Total Current Liabilities

Total Stockholder Equity vs Total Current Liabilities Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Wag Group Total Stockholder Equity account and Total Current Liabilities. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Wag Group's Total Stockholder Equity and Total Current Liabilities is 0.96. Overlapping area represents the amount of variation of Total Stockholder Equity that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of Wag Group Co, assuming nothing else is changed. The correlation between historical values of Wag Group's Total Stockholder Equity 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 Total Stockholder Equity of Wag Group Co 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 Total Stockholder Equity i.e., Wag Group's Total Stockholder Equity and Total Current Liabilities go up and down completely randomly.

Correlation Coefficient

0.96
Relationship DirectionPositive 
Relationship StrengthVery Strong

Total Stockholder Equity

The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.

Total Current Liabilities

Total Current Liabilities is an item on Wag Group balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Wag Group Co 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 Wag Group's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Wag 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in Wag Group Co. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in housing.
At this time, Wag Group's Tax Provision is fairly stable compared to the past year. Selling General Administrative is likely to climb to about 19.3 M in 2024, whereas Issuance Of Capital Stock is likely to drop 0.00 in 2024.
 2021 2022 2023 2024 (projected)
Interest Expense61K2.5M7.4M7.8M
Depreciation And Amortization388K1.1M1.7M919.9K

Wag Group fundamental ratios Correlations

0.99-0.460.930.960.890.69-0.09-0.880.920.950.69-0.690.990.720.86-0.3-0.75-0.940.70.450.61-0.980.960.680.91
0.99-0.450.960.960.950.610.0-0.90.960.90.76-0.731.00.610.92-0.28-0.78-0.950.750.530.66-0.990.960.780.96
-0.46-0.45-0.26-0.41-0.550.02-0.480.38-0.3-0.22-0.34-0.16-0.46-0.49-0.23-0.67-0.070.380.080.320.290.36-0.43-0.5-0.27
0.930.96-0.260.960.910.640.06-0.950.990.870.86-0.880.960.420.98-0.45-0.92-0.970.90.740.83-0.990.960.80.99
0.960.96-0.410.960.880.740.07-0.970.940.910.84-0.80.960.580.91-0.38-0.86-1.00.830.610.72-0.991.00.720.94
0.890.95-0.550.910.880.350.28-0.860.950.720.82-0.650.940.40.93-0.06-0.7-0.880.690.520.58-0.910.880.940.94
0.690.610.020.640.740.35-0.4-0.690.550.850.46-0.70.610.650.5-0.72-0.72-0.740.690.480.64-0.70.740.090.56
-0.090.0-0.480.060.070.28-0.4-0.250.12-0.360.520.0-0.01-0.470.170.54-0.01-0.10.080.13-0.060.00.080.540.11
-0.88-0.90.38-0.95-0.97-0.86-0.69-0.25-0.93-0.8-0.940.85-0.89-0.4-0.920.370.890.98-0.89-0.71-0.770.95-0.97-0.77-0.93
0.920.96-0.30.990.940.950.550.12-0.930.830.86-0.850.950.380.99-0.38-0.89-0.950.870.720.8-0.970.940.861.0
0.950.9-0.220.870.910.720.85-0.36-0.80.830.56-0.730.910.760.77-0.54-0.77-0.890.720.480.67-0.920.90.450.83
0.690.76-0.340.860.840.820.460.52-0.940.860.56-0.810.740.090.88-0.26-0.84-0.870.870.770.74-0.810.850.840.86
-0.69-0.73-0.16-0.88-0.8-0.65-0.70.00.85-0.85-0.73-0.81-0.71-0.13-0.880.751.00.84-1.0-0.95-0.990.82-0.8-0.59-0.86
0.991.0-0.460.960.960.940.61-0.01-0.890.950.910.74-0.710.630.91-0.28-0.77-0.950.730.510.64-0.980.960.770.95
0.720.61-0.490.420.580.40.65-0.47-0.40.380.760.09-0.130.630.26-0.1-0.2-0.530.13-0.190.04-0.570.580.070.36
0.860.92-0.230.980.910.930.50.17-0.920.990.770.88-0.880.910.26-0.4-0.91-0.920.90.790.84-0.940.90.880.99
-0.3-0.28-0.67-0.45-0.38-0.06-0.720.540.37-0.38-0.54-0.260.75-0.28-0.1-0.40.710.4-0.69-0.72-0.80.4-0.360.07-0.4
-0.75-0.78-0.07-0.92-0.86-0.7-0.72-0.010.89-0.89-0.77-0.841.0-0.77-0.2-0.910.710.88-1.0-0.92-0.970.87-0.85-0.63-0.9
-0.94-0.950.38-0.97-1.0-0.88-0.74-0.10.98-0.95-0.89-0.870.84-0.95-0.53-0.920.40.88-0.87-0.66-0.750.99-1.0-0.74-0.95
0.70.750.080.90.830.690.690.08-0.890.870.720.87-1.00.730.130.9-0.69-1.0-0.870.940.97-0.840.830.640.88
0.450.530.320.740.610.520.480.13-0.710.720.480.77-0.950.51-0.190.79-0.72-0.92-0.660.940.97-0.630.60.560.74
0.610.660.290.830.720.580.64-0.06-0.770.80.670.74-0.990.640.040.84-0.8-0.97-0.750.970.97-0.750.710.530.82
-0.98-0.990.36-0.99-0.99-0.91-0.70.00.95-0.97-0.92-0.810.82-0.98-0.57-0.940.40.870.99-0.84-0.63-0.75-0.99-0.75-0.97
0.960.96-0.430.961.00.880.740.08-0.970.940.90.85-0.80.960.580.9-0.36-0.85-1.00.830.60.71-0.990.730.94
0.680.78-0.50.80.720.940.090.54-0.770.860.450.84-0.590.770.070.880.07-0.63-0.740.640.560.53-0.750.730.85
0.910.96-0.270.990.940.940.560.11-0.931.00.830.86-0.860.950.360.99-0.4-0.9-0.950.880.740.82-0.970.940.85
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Wag Group Account Relationship Matchups

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