Quantum Total Current Assets vs Property Plant Equipment Analysis
QBT Stock | 0.80 0.10 11.11% |
Quantum Blockchain financial indicator trend analysis is much more than just breaking down Quantum Blockchain prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Quantum Blockchain is a good investment. Please check the relationship between Quantum Blockchain Total Current Assets and its Property Plant Equipment accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Quantum Blockchain Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.
Total Current Assets vs Property Plant Equipment
Total Current Assets vs Property Plant Equipment Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Quantum Blockchain Total Current Assets account and Property Plant Equipment. At this time, the significance of the direction appears to have almost no relationship.
The correlation between Quantum Blockchain's Total Current Assets and Property Plant Equipment is 0.15. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Property Plant Equipment in the same time period over historical financial statements of Quantum Blockchain Technologies, assuming nothing else is changed. The correlation between historical values of Quantum Blockchain's Total Current Assets and Property Plant Equipment 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 Quantum Blockchain Technologies are associated (or correlated) with its Property Plant Equipment. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Property Plant Equipment has no effect on the direction of Total Current Assets i.e., Quantum Blockchain's Total Current Assets and Property Plant Equipment go up and down completely randomly.
Correlation Coefficient | 0.15 |
Relationship Direction | Positive |
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.Property Plant Equipment
Most indicators from Quantum Blockchain's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Quantum Blockchain 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 Quantum Blockchain Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis. At present, Quantum Blockchain's Issuance Of Capital Stock is projected to increase significantly based on the last few years of reporting.
Quantum Blockchain fundamental ratios Correlations
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Quantum Blockchain Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Quantum Blockchain fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 7.7M | 6.2M | 7.0M | 6.1M | 5.9M | 5.6M | |
Other Current Liab | 191K | 210K | 1.3M | 528K | 885K | 1.5M | |
Total Current Liabilities | 4.1M | 334K | 9.8M | 675K | 8.4M | 8.0M | |
Total Stockholder Equity | (1.1M) | (2.4M) | (2.8M) | (3.2M) | (2.5M) | (2.4M) | |
Net Debt | 8.4M | 8.2M | 7.3M | 7.7M | 5.4M | 5.6M | |
Retained Earnings | (64M) | (65.7M) | (71.9M) | (76.0M) | (80.2M) | (76.2M) | |
Accounts Payable | 205K | 124K | 128K | 147K | 85K | 80.8K | |
Non Current Assets Total | 1.1M | 980K | 1.0M | 963K | 574K | 545.3K | |
Non Currrent Assets Other | (1.1K) | (980.0) | 874.1K | 736.3K | 403K | 382.9K | |
Cash And Short Term Investments | 1.1M | 979.0K | 1.0M | 463K | 2.1M | 2.2M | |
Common Stock Shares Outstanding | 618.9M | 662.4M | 948.2M | 989.5M | 1.1B | 1.2B | |
Liabilities And Stockholders Equity | 7.7M | 6.2M | 7.0M | 6.1M | 5.9M | 5.6M | |
Other Stockholder Equity | 61.0M | 55.9M | 66.3M | 64.4M | 68.4M | 50.1M | |
Total Liab | 8.8M | 8.5M | 9.8M | 9.3M | 8.4M | 10.5M | |
Total Current Assets | 6.6M | 5.2M | 5.9M | 5.1M | 5.3M | 6.6M | |
Non Current Liabilities Total | 6.0M | 4.7M | 8.2M | 8.5M | 8.6M | 0.0 | |
Other Current Assets | 6.6K | 5.2M | 4.8M | 4.6M | 3.2M | 3.8M | |
Short Long Term Debt Total | 8.4M | 8.2M | 8.4M | 8.1M | 7.5M | 10.0M | |
Short Term Debt | 343K | 3.8M | 8.4M | 7.5M | 8.6M | 9.3M | |
Short Term Investments | 1.1M | 979.0K | 874.1K | 736.3K | 662.6K | 629.5K | |
Net Receivables | 5.0 | 9.0 | 58K | 14K | 12.6K | 12.0K | |
Accumulated Other Comprehensive Income | 8.4K | 8.8K | 11.4K | 13.8K | 14.2M | 14.9M | |
Net Tangible Assets | 225K | (1.6M) | (2.4M) | (2.8M) | (2.5M) | (2.4M) | |
Net Invested Capital | 7.3M | 5.8M | 5.5M | 4.9M | 4.9M | 5.3M | |
Short Long Term Debt | 343K | 3.8M | 0.0 | 8.4M | 7.5M | 4.2M | |
Net Working Capital | 2.5M | 4.9M | (3.9M) | 4.4M | (3.1M) | (3.0M) |
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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.Other Information on Investing in Quantum Stock
Balance Sheet is a snapshot of the financial position of Quantum Blockchain at a specified time, usually calculated after every quarter, six months, or one year. Quantum Blockchain Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Quantum Blockchain 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 Quantum currently owns. An asset can also be divided into two categories, current and non-current.