Prime Focus financial indicator trend analysis is much more than just breaking down Prime Focus Limited prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Prime Focus Limited is a good investment. Please check the relationship between Prime Focus Total Current Liabilities and its Total Liab accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Prime Focus 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 employment.
Total Current Liabilities vs Total Liab
Total Current Liabilities vs Total Liab Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Prime Focus Limited Total Current Liabilities account and Total Liab. At this time, the significance of the direction appears to have strong relationship.
The correlation between Prime Focus' Total Current Liabilities and Total Liab is 0.73. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Total Liab in the same time period over historical financial statements of Prime Focus Limited, assuming nothing else is changed. The correlation between historical values of Prime Focus' Total Current Liabilities and Total Liab 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 Liabilities of Prime Focus Limited are associated (or correlated) with its Total Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Liab has no effect on the direction of Total Current Liabilities i.e., Prime Focus' Total Current Liabilities and Total Liab go up and down completely randomly.
Total Current Liabilities is an item on Prime Focus balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Prime Focus 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.
Total Liab
The total amount of all liabilities that a company has, including both short-term and long-term liabilities.
Most indicators from Prime Focus' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Prime Focus Limited 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 Prime Focus 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 employment.
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
Balance Sheet is a snapshot of the financial position of Prime Focus Limited at a specified time, usually calculated after every quarter, six months, or one year. Prime Focus Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Prime Focus and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Prime currently owns. An asset can also be divided into two categories, current and non-current.