| XF1 Stock | | | 0.21 0.01 4.55% |
Xref financial indicator trend analysis is more than just analyzing Xref current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Xref is a good investment. Please check the relationship between Xref Net Debt and its Total Current Liabilities accounts. Check out
Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Xref. 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 Debt vs Total Current Liabilities
Net Debt vs Total Current Liabilities Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Xref Net Debt account and
Total Current Liabilities. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Xref's Net Debt and Total Current Liabilities is -0.06. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of Xref, assuming nothing else is changed. The correlation between historical values of Xref's Net Debt 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 Debt of Xref 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 Debt i.e., Xref's Net Debt and Total Current Liabilities go up and down completely randomly.
Correlation Coefficient | -0.06 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
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.
Total Current Liabilities
Total Current Liabilities is an item on Xref balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Xref 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 Xref's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Xref 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
Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Xref. 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.
Tax Provision is likely to gain to about 14.5
K in 2024, whereas
Selling General Administrative is likely to drop slightly above 262.8
K in 2024.
Xref fundamental ratios Correlations
Click cells to compare fundamentals
Xref Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Xref fundamental ratios Accounts
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Additional Tools for Xref Stock Analysis
When running Xref's price analysis, check to
measure Xref'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 Xref is operating at the current time. Most of Xref's value examination focuses on studying past and present price action to
predict the probability of Xref's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Xref's price. Additionally, you may evaluate how the addition of Xref to your portfolios can decrease your overall portfolio volatility.