Spruce Cash And Short Term Investments vs Total Assets Analysis
| SPRB Stock | USD 0.48 0.01 2.04% |
Spruce Biosciences financial indicator trend analysis is much more than just breaking down Spruce Biosciences prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Spruce Biosciences is a good investment. Please check the relationship between Spruce Biosciences Cash And Short Term Investments and its Total Assets accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Spruce Biosciences. 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. For information on how to trade Spruce Stock refer to our How to Trade Spruce Stock guide.
Cash And Short Term Investments vs Total Assets
Cash And Short Term Investments vs Total Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Spruce Biosciences Cash And Short Term Investments account and Total Assets. At this time, the significance of the direction appears to have totally related.
The correlation between Spruce Biosciences' Cash And Short Term Investments and Total Assets is 0.99. Overlapping area represents the amount of variation of Cash And Short Term Investments that can explain the historical movement of Total Assets in the same time period over historical financial statements of Spruce Biosciences, assuming nothing else is changed. The correlation between historical values of Spruce Biosciences' Cash And Short Term Investments and Total Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash And Short Term Investments of Spruce Biosciences are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Cash And Short Term Investments i.e., Spruce Biosciences' Cash And Short Term Investments and Total Assets go up and down completely randomly.
Correlation Coefficient | 0.99 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Cash And Short Term Investments
Short Term Investments is an account in the current assets section of Spruce Biosciences balance sheet. This account contains Spruce Biosciences investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Spruce Biosciences fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.Total Assets
Total assets refers to the total amount of Spruce Biosciences assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Spruce Biosciences books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.Most indicators from Spruce Biosciences' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Spruce Biosciences 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 Spruce Biosciences. 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. For information on how to trade Spruce Stock refer to our How to Trade Spruce Stock guide.The current year's Issuance Of Capital Stock is expected to grow to about 62.6 M, whereas Selling General Administrative is forecasted to decline to about 8.3 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Reconciled Depreciation | 68K | 74K | 78K | 49.3K | Total Operating Expenses | 42.1M | 47.3M | 62.1M | 37.4M |
Spruce Biosciences fundamental ratios Correlations
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Spruce Biosciences Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Spruce Biosciences fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Assets | 4.7M | 162.9M | 126.5M | 85.6M | 103.9M | 89.5M | |
| Other Current Liab | 1.2M | 3.3M | 5.7M | 9.3M | 14.3M | 15.1M | |
| Total Current Liabilities | 4.3M | 9.8M | 8.9M | 12.4M | 24.5M | 25.7M | |
| Total Stockholder Equity | (30.6M) | 149.4M | 111.4M | 68.5M | 76.5M | 65.5M | |
| Net Tangible Assets | (30.6M) | 149.4M | 111.4M | 68.5M | 78.8M | 61.8M | |
| Net Debt | 521K | (151.0M) | (36.6M) | (18.3M) | (91.7M) | (87.1M) | |
| Retained Earnings | (31.3M) | (60.8M) | (103.1M) | (149.3M) | (197.2M) | (187.4M) | |
| Accounts Payable | 1.9M | 3.6M | 2.8M | 1.4M | 3.3M | 2.8M | |
| Cash | 3.9M | 157.2M | 42.7M | 24.5M | 96.3M | 60.3M | |
| Non Current Assets Total | 40K | 2.5M | 34.6M | 2.0M | 1.8M | 1.7M | |
| Non Currrent Assets Other | 40K | 477K | 653K | 55.2M | 582K | 552.9K | |
| Other Assets | 40K | 2.5K | 513K | 640K | 1.0 | 0.95 | |
| Cash And Short Term Investments | 3.9M | 157.2M | 89.0M | 79.1M | 96.3M | 78.8M | |
| Common Stock Shares Outstanding | 22.3M | 23.3M | 23.4M | 23.5M | 38.5M | 24.9M | |
| Liabilities And Stockholders Equity | 4.7M | 162.9M | 126.5M | 85.6M | 103.9M | 89.5M | |
| Non Current Liabilities Total | 31.0M | 3.7M | 6.2M | 4.7M | 3.0M | 2.8M | |
| Other Current Assets | 513K | 3.2M | 2.9M | 4.5M | 5.8M | 3.2M | |
| Other Stockholder Equity | 664K | 373.1M | 214.7M | 218.4M | 273.7M | 198.2M | |
| Total Liab | 35.3M | 13.5M | 15.1M | 17.2M | 27.4M | 17.5M | |
| Net Invested Capital | (26.2M) | 153.9M | 116.2M | 73.4M | 79.8M | 69.6M | |
| Total Current Assets | 4.7M | 160.4M | 91.9M | 83.6M | 102.2M | 82.0M | |
| Net Working Capital | 349K | 150.6M | 83.0M | 71.2M | 77.7M | 70.6M |
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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.When determining whether Spruce Biosciences offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Spruce Biosciences' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Spruce Biosciences Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Spruce Biosciences Stock:Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Spruce Biosciences. 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. For information on how to trade Spruce Stock refer to our How to Trade Spruce Stock guide.You can also try the Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.
Is Biotechnology space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Spruce Biosciences. If investors know Spruce will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Spruce Biosciences listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.95) | Revenue Per Share 0.173 | Quarterly Revenue Growth (0.80) | Return On Assets (0.30) | Return On Equity (0.58) |
The market value of Spruce Biosciences is measured differently than its book value, which is the value of Spruce that is recorded on the company's balance sheet. Investors also form their own opinion of Spruce Biosciences' value that differs from its market value or its book value, called intrinsic value, which is Spruce Biosciences' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Spruce Biosciences' market value can be influenced by many factors that don't directly affect Spruce Biosciences' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Spruce Biosciences' value and its price as these two are different measures arrived at by different means. Investors typically determine if Spruce Biosciences is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Spruce Biosciences' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.