| SOLR Stock | | | CAD 0.04 0.01 16.67% |
Solar Alliance financial indicator trend analysis is much more than just breaking down Solar Alliance Energy prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Solar Alliance Energy is a good investment. Please check the relationship between Solar Alliance Total Current Liabilities and its Net Debt accounts. Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in Solar Alliance Energy. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in metropolitan statistical area.
Total Current Liabilities vs Net Debt
Total Current Liabilities vs Net Debt Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Solar Alliance Energy Total Current Liabilities account and
Net Debt. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Solar Alliance's Total Current Liabilities and Net Debt is 0.94. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Net Debt in the same time period over historical financial statements of Solar Alliance Energy, assuming nothing else is changed. The correlation between historical values of Solar Alliance's Total Current Liabilities and Net Debt 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 Solar Alliance Energy are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Total Current Liabilities i.e., Solar Alliance's Total Current Liabilities and Net Debt go up and down completely randomly.
Correlation Coefficient | 0.94 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Total Current Liabilities
Total Current Liabilities is an item on Solar Alliance balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Solar Alliance Energy 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.
Net Debt
The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.
Most indicators from Solar Alliance's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Solar Alliance Energy 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 Solar Alliance Energy. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in metropolitan statistical area.
Enterprise Value is likely to climb to about 18.3
M in 2024, whereas
Selling General Administrative is likely to drop slightly above 2.9
M in 2024.
Solar Alliance fundamental ratios Correlations
Click cells to compare fundamentals
Solar Alliance Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Solar Alliance fundamental ratios Accounts
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Additional Tools for Solar Stock Analysis
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measure Solar Alliance'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 Solar Alliance is operating at the current time. Most of Solar Alliance's value examination focuses on studying past and present price action to
predict the probability of Solar Alliance's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Solar Alliance's price. Additionally, you may evaluate how the addition of Solar Alliance to your portfolios can decrease your overall portfolio volatility.