ZODIAC Stock | | | 497.85 12.05 2.48% |
Zodiac Energy financial indicator trend analysis is more than just analyzing Zodiac Energy Limited current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Zodiac Energy Limited is a good investment. Please check the relationship between Zodiac Energy Total Current Liabilities and its Other Stockholder Equity accounts. Check out
Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Zodiac Energy Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in nation.
Total Current Liabilities vs Other Stockholder Equity
Total Current Liabilities vs Other Stockholder Equity Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Zodiac Energy Limited Total Current Liabilities account and
Other Stockholder Equity. At this time, the significance of the direction appears to have pay attention.
The correlation between Zodiac Energy's Total Current Liabilities and Other Stockholder Equity is -0.76. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Other Stockholder Equity in the same time period over historical financial statements of Zodiac Energy Limited, assuming nothing else is changed. The correlation between historical values of Zodiac Energy's Total Current Liabilities and Other Stockholder Equity 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 Zodiac Energy Limited are associated (or correlated) with its Other Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Stockholder Equity has no effect on the direction of Total Current Liabilities i.e., Zodiac Energy's Total Current Liabilities and Other Stockholder Equity go up and down completely randomly.
Correlation Coefficient | -0.76 |
Relationship Direction | Negative |
Relationship Strength | Weak |
Total Current Liabilities
Total Current Liabilities is an item on Zodiac Energy balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Zodiac Energy Limited 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.
Other Stockholder Equity
Most indicators from Zodiac Energy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Zodiac Energy Limited 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 Zodiac Energy Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in nation.
The current year's
Selling General Administrative is expected to grow to about 66.6
M, whereas
Tax Provision is forecasted to decline to (4.9
M).
Zodiac Energy fundamental ratios Correlations
Click cells to compare fundamentals
Zodiac Energy Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Zodiac Energy fundamental ratios Accounts
Also Currently Popular
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.
Other Information on Investing in Zodiac Stock
Balance Sheet is a snapshot of the
financial position of Zodiac Energy Limited at a specified time, usually calculated after every quarter, six months, or one year. Zodiac Energy Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Zodiac Energy and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Zodiac currently owns. An asset can also be divided into two categories, current and non-current.