| SAY Stock | | | CAD 0.01 0.01 25.00% |
Sparta Capital financial indicator trend analysis is much more than just breaking down Sparta Capital prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Sparta Capital is a good investment. Please check the relationship between Sparta Capital Net Invested Capital and its Total Current Liabilities accounts. Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in Sparta Capital. 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.
Net Invested Capital vs Total Current Liabilities
Net Invested Capital vs Total Current Liabilities Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Sparta Capital Net Invested Capital account and
Total Current Liabilities. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Sparta Capital's Net Invested Capital and Total Current Liabilities is 0.95. Overlapping area represents the amount of variation of Net Invested Capital that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of Sparta Capital, assuming nothing else is changed. The correlation between historical values of Sparta Capital's Net Invested Capital 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 Net Invested Capital of Sparta Capital 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 Net Invested Capital i.e., Sparta Capital's Net Invested Capital and Total Current Liabilities go up and down completely randomly.
Correlation Coefficient | 0.95 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Net Invested Capital
The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.
Total Current Liabilities
Total Current Liabilities is an item on Sparta Capital balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Sparta Capital 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 Sparta Capital's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Sparta Capital 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
World Market Map to better understand how to build diversified portfolios, which includes a position in Sparta Capital. 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, Sparta Capital's
Tax Provision is fairly stable compared to the past year.
Selling General Administrative is likely to climb to about 4.4
M in 2024, whereas
Sales General And Administrative To Revenue is likely to drop 0.49 in 2024.
Sparta Capital fundamental ratios Correlations
Click cells to compare fundamentals
Sparta Capital Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Sparta Capital fundamental ratios Accounts
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Additional Tools for Sparta Stock Analysis
When running Sparta Capital's price analysis, check to
measure Sparta Capital'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 Sparta Capital is operating at the current time. Most of Sparta Capital's value examination focuses on studying past and present price action to
predict the probability of Sparta Capital's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sparta Capital's price. Additionally, you may evaluate how the addition of Sparta Capital to your portfolios can decrease your overall portfolio volatility.