Portage Total Current Liabilities vs Other Assets Analysis
PFTAU Stock | USD 10.85 0.00 0.00% |
Portage Fintech financial indicator trend analysis is much more than just breaking down Portage Fintech Acqu prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Portage Fintech Acqu is a good investment. Please check the relationship between Portage Fintech Total Current Liabilities and its Other Assets accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Portage Fintech Acquisition. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.
Total Current Liabilities vs Other Assets
Total Current Liabilities vs Other Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Portage Fintech Acqu Total Current Liabilities account and Other Assets. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Portage Fintech's Total Current Liabilities and Other Assets is -0.5. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Other Assets in the same time period over historical financial statements of Portage Fintech Acquisition, assuming nothing else is changed. The correlation between historical values of Portage Fintech's Total Current Liabilities and Other Assets 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 Portage Fintech Acquisition are associated (or correlated) with its Other Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Assets has no effect on the direction of Total Current Liabilities i.e., Portage Fintech's Total Current Liabilities and Other Assets go up and down completely randomly.
Correlation Coefficient | -0.5 |
Relationship Direction | Negative |
Relationship Strength | Very Weak |
Total Current Liabilities
Total Current Liabilities is an item on Portage Fintech balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Portage Fintech Acquisition 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.Other Assets
Most indicators from Portage Fintech's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Portage Fintech Acqu 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 Portage Fintech Acquisition. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation. At this time, Portage Fintech's Enterprise Value Over EBITDA is comparatively stable compared to the past year. Enterprise Value Multiple is likely to gain to 36.84 in 2024, whereas Selling General Administrative is likely to drop slightly above 2.5 M in 2024.
2010 | 2022 | 2023 | 2024 (projected) | Interest Expense | 10.5M | 18.4M | 21.2M | 15.9M | Depreciation And Amortization | 3.4M | 2.7M | 3.3M | 2.5M |
Portage Fintech fundamental ratios Correlations
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Portage Fintech Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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Additional Tools for Portage Stock Analysis
When running Portage Fintech's price analysis, check to measure Portage Fintech'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 Portage Fintech is operating at the current time. Most of Portage Fintech's value examination focuses on studying past and present price action to predict the probability of Portage Fintech's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Portage Fintech's price. Additionally, you may evaluate how the addition of Portage Fintech to your portfolios can decrease your overall portfolio volatility.