| PKT Stock | | | CAD 0.67 0.01 1.52% |
Parkit Enterprise financial indicator trend analysis is much more than just breaking down Parkit Enterprise prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Parkit Enterprise is a good investment. Please check the relationship between Parkit Enterprise Total Current Assets and its Total Current Liabilities accounts. Check out
Your Equity Center to better understand how to build diversified portfolios, which includes a position in Parkit Enterprise. 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 Total Current Liabilities
Total Current Assets vs Total Current Liabilities Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Parkit Enterprise Total Current Assets account and
Total Current Liabilities. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Parkit Enterprise's Total Current Assets and Total Current Liabilities is -0.1. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of Parkit Enterprise, assuming nothing else is changed. The correlation between historical values of Parkit Enterprise's Total Current Assets 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 Current Assets of Parkit Enterprise 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 Current Assets i.e., Parkit Enterprise's Total Current Assets and Total Current Liabilities go up and down completely randomly.
Correlation Coefficient | -0.1 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
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.
Total Current Liabilities
Total Current Liabilities is an item on Parkit Enterprise balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Parkit Enterprise 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 Parkit Enterprise's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Parkit Enterprise 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 Parkit Enterprise. 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, Parkit Enterprise's
Tax Provision is fairly stable compared to the past year.
Enterprise Value Over EBITDA is likely to climb to 291.85 in 2024, whereas
Issuance Of Capital Stock is likely to drop 0.00 in 2024.
Parkit Enterprise fundamental ratios Correlations
Click cells to compare fundamentals
Parkit Enterprise Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Parkit Enterprise fundamental ratios Accounts
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Additional Tools for Parkit Stock Analysis
When running Parkit Enterprise's price analysis, check to
measure Parkit Enterprise'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 Parkit Enterprise is operating at the current time. Most of Parkit Enterprise's value examination focuses on studying past and present price action to
predict the probability of Parkit Enterprise's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Parkit Enterprise's price. Additionally, you may evaluate how the addition of Parkit Enterprise to your portfolios can decrease your overall portfolio volatility.