Totally Cash vs Property Plant Equipment Analysis
THP Stock | CAD 0.16 0.00 0.00% |
Totally Hip financial indicator trend analysis is much more than just breaking down Totally Hip Technologies prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Totally Hip Technologies is a good investment. Please check the relationship between Totally Hip Cash and its Property Plant Equipment accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Totally Hip 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 board of governors.
Cash vs Property Plant Equipment
Cash vs Property Plant Equipment Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Totally Hip Technologies Cash account and Property Plant Equipment. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Totally Hip's Cash and Property Plant Equipment is -0.53. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Property Plant Equipment in the same time period over historical financial statements of Totally Hip Technologies, assuming nothing else is changed. The correlation between historical values of Totally Hip's Cash 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 Cash of Totally Hip 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 Cash i.e., Totally Hip's Cash and Property Plant Equipment go up and down completely randomly.
Correlation Coefficient | -0.53 |
Relationship Direction | Negative |
Relationship Strength | Very Weak |
Cash
Cash refers to the most liquid asset of Totally Hip Technologies, which is listed under current asset account on Totally Hip Technologies balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Totally Hip customers. The amounts must be unrestricted with restricted cash listed in a different Totally Hip 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.Property Plant Equipment
Most indicators from Totally Hip's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Totally Hip Technologies 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 Totally Hip 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 board of governors. Selling General Administrative is likely to drop to about 86.4 K in 2024
Totally Hip fundamental ratios Correlations
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Totally Hip Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Totally Hip fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 1.4M | 1.0M | 738.1K | 45.7K | 52.6K | 50.0K | |
Total Current Liabilities | 1.3M | 1.1M | 1.0M | 464.6K | 418.1K | 397.2K | |
Total Stockholder Equity | 27.1K | (67.2K) | (294.9K) | (418.9K) | (481.7K) | (505.8K) | |
Net Tangible Assets | 97.8K | 27.1K | (67.2K) | (294.9K) | (339.1K) | (356.1K) | |
Retained Earnings | (18.1M) | (18.6M) | (18.8M) | (18.9M) | (17.0M) | (17.9M) | |
Accounts Payable | 1.3M | 1.0M | 971.8K | 400.5K | 360.5K | 606.0K | |
Cash | 1.3M | 991.5K | 719.0K | 23.1K | 26.6K | 25.3K | |
Net Receivables | 5.4K | 7.6K | 11.2K | 14.7K | 13.2K | 8.4K | |
Total Liab | 1.3M | 1.1M | 1.0M | 464.6K | 418.1K | 397.2K | |
Short Long Term Debt | 112.5K | 79.5K | 42.7K | 30.4K | 27.3K | 25.9K | |
Total Current Assets | 1.4M | 1.0M | 737.6K | 45.3K | 52.1K | 49.5K | |
Property Plant Equipment | 954.0 | 763.0 | 611.0 | 489.0 | 440.1 | 418.1 | |
Non Current Assets Total | 763.0 | 611.0 | 489.0 | 391.0 | 351.9 | 334.31 | |
Net Invested Capital | 69.7K | (36.8K) | (264.5K) | (388.5K) | (446.8K) | (469.2K) | |
Net Working Capital | 26.3K | (67.8K) | (295.4K) | (419.3K) | (482.2K) | (506.3K) |
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When running Totally Hip's price analysis, check to measure Totally Hip'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 Totally Hip is operating at the current time. Most of Totally Hip's value examination focuses on studying past and present price action to predict the probability of Totally Hip's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Totally Hip's price. Additionally, you may evaluate how the addition of Totally Hip to your portfolios can decrease your overall portfolio volatility.