SKYX Total Current Liabilities vs Cash Analysis

SKYX Stock

USD 1.05 0.05 5.00%

SKYX Platforms financial indicator trend analysis is much more than just breaking down SKYX Platforms Corp prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether SKYX Platforms Corp is a good investment. Please check the relationship between SKYX Platforms Total Current Liabilities and its Cash accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in SKYX Platforms Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in manufacturing.

Total Current Liabilities vs Cash

Total Current Liabilities vs Cash Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of SKYX Platforms Corp Total Current Liabilities account and Cash. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between SKYX Platforms' Total Current Liabilities and Cash is 0.42. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Cash in the same time period over historical financial statements of SKYX Platforms Corp, assuming nothing else is changed. The correlation between historical values of SKYX Platforms' Total Current Liabilities and Cash 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 SKYX Platforms Corp are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Total Current Liabilities i.e., SKYX Platforms' Total Current Liabilities and Cash go up and down completely randomly.

Correlation Coefficient

0.42

Relationship Direction	Positive
Relationship Strength	Weak

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Total Current Liabilities

Total Current Liabilities is an item on SKYX Platforms balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of SKYX Platforms Corp 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.

Cash

Cash refers to the most liquid asset of SKYX Platforms Corp, which is listed under current asset account on SKYX Platforms Corp balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from SKYX Platforms customers. The amounts must be unrestricted with restricted cash listed in a different SKYX Platforms account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.

Most indicators from SKYX Platforms' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into SKYX Platforms Corp 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 SKYX Platforms Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in manufacturing.

At this time, SKYX Platforms' Selling General Administrative is fairly stable compared to the past year. Issuance Of Capital Stock is likely to rise to about 12.4 M in 2024, whereas Sales General And Administrative To Revenue is likely to drop 0.60 in 2024.

	2021	2022	2023	2024 (projected)
Interest Expense	560.4K	589.0K	3.1M	3.3M
Depreciation And Amortization	84.3K	698.4K	1.0M	953.5K

Interest Expense Depreciation And Amortization

SKYX Platforms fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Intangible Assets	Common Stock	Net Receivables	Inventory	Other Liab
Total Assets		0.97	-0.03	0.48	0.45	0.94	0.89	-0.64	0.94	0.92	0.99	0.95	-0.07	0.93	0.68	0.51	0.94	-0.26	0.5	0.97	0.93	0.6	0.96	0.96	0.68	-0.5
Short Long Term Debt Total	0.97		-0.13	0.36	0.52	0.98	0.96	-0.61	0.88	0.88	0.96	0.97	-0.06	0.94	0.78	0.48	0.88	-0.32	0.43	0.95	0.88	0.46	0.98	0.97	0.67	-0.61
Other Current Liab	-0.03	-0.13		0.85	-0.72	-0.15	-0.18	-0.49	-0.01	-0.04	-0.04	-0.15	-0.16	-0.08	-0.37	0.3	-0.08	0.75	0.63	-0.01	0.17	0.34	-0.18	0.0	0.3	0.21
Total Current Liabilities	0.48	0.36	0.85		-0.42	0.31	0.27	-0.72	0.5	0.42	0.47	0.33	-0.2	0.36	0.0	0.53	0.43	0.49	0.82	0.46	0.64	0.65	0.31	0.46	0.6	-0.03
Total Stockholder Equity	0.45	0.52	-0.72	-0.42		0.53	0.51	0.16	0.43	0.43	0.46	0.53	0.11	0.47	0.56	-0.4	0.48	-0.69	-0.52	0.42	0.2	-0.06	0.54	0.43	-0.04	-0.43
Property Plant And Equipment Net	0.94	0.98	-0.15	0.31	0.53		0.97	-0.54	0.8	0.8	0.94	0.99	-0.14	0.91	0.74	0.46	0.8	-0.36	0.4	0.9	0.84	0.4	0.93	0.98	0.62	-0.52
Net Debt	0.89	0.96	-0.18	0.27	0.51	0.97		-0.49	0.77	0.7	0.91	0.96	-0.26	0.82	0.74	0.44	0.76	-0.4	0.37	0.82	0.82	0.41	0.9	0.94	0.57	-0.53
Retained Earnings	-0.64	-0.61	-0.49	-0.72	0.16	-0.54	-0.49		-0.59	-0.69	-0.56	-0.51	-0.02	-0.69	-0.54	-0.64	-0.52	-0.53	-0.75	-0.74	-0.6	-0.34	-0.64	-0.66	-0.93	0.62
Accounts Payable	0.94	0.88	-0.01	0.5	0.43	0.8	0.77	-0.59		0.9	0.94	0.83	-0.12	0.81	0.58	0.42	0.99	-0.22	0.45	0.91	0.9	0.64	0.88	0.86	0.64	-0.44
Cash	0.92	0.88	-0.04	0.42	0.43	0.8	0.7	-0.69	0.9		0.87	0.8	0.27	0.95	0.71	0.44	0.89	-0.13	0.44	0.97	0.81	0.47	0.93	0.83	0.7	-0.62
Non Current Assets Total	0.99	0.96	-0.04	0.47	0.46	0.94	0.91	-0.56	0.94	0.87		0.95	-0.15	0.88	0.63	0.49	0.94	-0.33	0.49	0.92	0.95	0.65	0.93	0.95	0.62	-0.42
Non Currrent Assets Other	0.95	0.97	-0.15	0.33	0.53	0.99	0.96	-0.51	0.83	0.8	0.95		-0.16	0.9	0.69	0.46	0.84	-0.37	0.4	0.9	0.86	0.44	0.92	0.98	0.6	-0.45
Other Assets	-0.07	-0.06	-0.16	-0.2	0.11	-0.14	-0.26	-0.02	-0.12	0.27	-0.15	-0.16		0.23	0.2	-0.08	-0.11	-0.02	-0.15	0.11	-0.16	-0.17	0.07	-0.2	-0.07	-0.31
Cash And Short Term Investments	0.93	0.94	-0.08	0.36	0.47	0.91	0.82	-0.69	0.81	0.95	0.88	0.9	0.23		0.79	0.49	0.81	-0.18	0.44	0.98	0.8	0.38	0.96	0.91	0.71	-0.67
Common Stock Shares Outstanding	0.68	0.78	-0.37	0.0	0.56	0.74	0.74	-0.54	0.58	0.71	0.63	0.69	0.2	0.79		0.34	0.56	-0.24	0.21	0.75	0.48	0.07	0.83	0.69	0.67	-0.89
Non Current Liabilities Total	0.51	0.48	0.3	0.53	-0.4	0.46	0.44	-0.64	0.42	0.44	0.49	0.46	-0.08	0.49	0.34		0.37	0.19	0.91	0.52	0.63	0.48	0.45	0.51	0.71	-0.18
Other Current Assets	0.94	0.88	-0.08	0.43	0.48	0.8	0.76	-0.52	0.99	0.89	0.94	0.84	-0.11	0.81	0.56	0.37		-0.3	0.39	0.9	0.89	0.6	0.88	0.85	0.59	-0.4
Other Stockholder Equity	-0.26	-0.32	0.75	0.49	-0.69	-0.36	-0.4	-0.53	-0.22	-0.13	-0.33	-0.37	-0.02	-0.18	-0.24	0.19	-0.3		0.4	-0.13	-0.23	-0.09	-0.3	-0.2	0.37	-0.03
Total Liab	0.5	0.43	0.63	0.82	-0.52	0.4	0.37	-0.75	0.45	0.44	0.49	0.4	-0.15	0.44	0.21	0.91	0.39	0.4		0.5	0.67	0.6	0.38	0.5	0.75	-0.11
Total Current Assets	0.97	0.95	-0.01	0.46	0.42	0.9	0.82	-0.74	0.91	0.97	0.92	0.9	0.11	0.98	0.75	0.52	0.9	-0.13	0.5		0.86	0.47	0.97	0.93	0.76	-0.63
Short Term Debt	0.93	0.88	0.17	0.64	0.2	0.84	0.82	-0.6	0.9	0.81	0.95	0.86	-0.16	0.8	0.48	0.63	0.89	-0.23	0.67	0.86		0.74	0.83	0.87	0.62	-0.29
Intangible Assets	0.6	0.46	0.34	0.65	-0.06	0.4	0.41	-0.34	0.64	0.47	0.65	0.44	-0.17	0.38	0.07	0.48	0.6	-0.09	0.6	0.47	0.74		0.41	0.47	0.32	0.06
Common Stock	0.96	0.98	-0.18	0.31	0.54	0.93	0.9	-0.64	0.88	0.93	0.93	0.92	0.07	0.96	0.83	0.45	0.88	-0.3	0.38	0.97	0.83	0.41		0.93	0.69	-0.7
Net Receivables	0.96	0.97	0.0	0.46	0.43	0.98	0.94	-0.66	0.86	0.83	0.95	0.98	-0.2	0.91	0.69	0.51	0.85	-0.2	0.5	0.93	0.87	0.47	0.93		0.72	-0.51
Inventory	0.68	0.67	0.3	0.6	-0.04	0.62	0.57	-0.93	0.64	0.7	0.62	0.6	-0.07	0.71	0.67	0.71	0.59	0.37	0.75	0.76	0.62	0.32	0.69	0.72		-0.62
Other Liab	-0.5	-0.61	0.21	-0.03	-0.43	-0.52	-0.53	0.62	-0.44	-0.62	-0.42	-0.45	-0.31	-0.67	-0.89	-0.18	-0.4	-0.03	-0.11	-0.63	-0.29	0.06	-0.7	-0.51	-0.62

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SKYX Platforms Account Relationship Matchups

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Additional Tools for SKYX Stock Analysis

When running SKYX Platforms' price analysis, check to measure SKYX Platforms' 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 SKYX Platforms is operating at the current time. Most of SKYX Platforms' value examination focuses on studying past and present price action to predict the probability of SKYX Platforms' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move SKYX Platforms' price. Additionally, you may evaluate how the addition of SKYX Platforms to your portfolios can decrease your overall portfolio volatility.

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SKYX Total Current Liabilities vs Cash Analysis

Total Current Liabilities vs Cash

Total Current Liabilities vs Cash Correlation Analysis

Correlation Coefficient

Total Current Liabilities

Cash

SKYX Platforms fundamental ratios Correlations

SKYX Platforms Account Relationship Matchups

High Positive Relationship

High Negative Relationship

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COMMON DESTINATIONS

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Non Current Assets Total	+ 0.99	Total Assets
Non Currrent Assets Other	+ 0.99	Property Plant And Equipment Net
Other Current Assets	+ 0.99	Accounts Payable
Property Plant And Equipment Net	+ 0.98	Short Long Term Debt Total
Common Stock	+ 0.98	Short Long Term Debt Total
Net Receivables	+ 0.98	Property Plant And Equipment Net

Inventory	- 0.93	Retained Earnings
Other Liab	- 0.89	Common Stock Shares Outstanding
Total Liab	- 0.75	Retained Earnings
Total Current Assets	- 0.74	Retained Earnings
Retained Earnings	- 0.72	Total Current Liabilities
Total Stockholder Equity	- 0.72	Other Current Liab