Cofoe Retained Earnings vs Total Current Liabilities Analysis

301087 Stock   38.12  0.56  1.45%   
Cofoe Medical financial indicator trend analysis is way more than just evaluating Cofoe Medical Technology prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Cofoe Medical Technology is a good investment. Please check the relationship between Cofoe Medical Retained Earnings and its Total Current Liabilities accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cofoe Medical Technology. 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.

Retained Earnings vs Total Current Liabilities

Retained Earnings vs Total Current Liabilities Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Cofoe Medical Technology Retained Earnings account and Total Current Liabilities. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Cofoe Medical's Retained Earnings and Total Current Liabilities is 0.93. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of Cofoe Medical Technology, assuming nothing else is changed. The correlation between historical values of Cofoe Medical's Retained Earnings 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 Retained Earnings of Cofoe Medical Technology 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 Retained Earnings i.e., Cofoe Medical's Retained Earnings and Total Current Liabilities go up and down completely randomly.

Correlation Coefficient

0.93
Relationship DirectionPositive 
Relationship StrengthVery Strong

Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.

Total Current Liabilities

Total Current Liabilities is an item on Cofoe Medical balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Cofoe Medical Technology 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 Cofoe Medical's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Cofoe Medical Technology 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Cofoe Medical Technology. 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 Tax Provision is expected to grow to about 38.6 M, whereas Selling General Administrative is forecasted to decline to about 581.6 M.
 2021 2022 2023 2024 (projected)
Interest Expense6.8M10.9M13.5M10.1M
Interest Income14.4M45.9M34.3M24.4M

Cofoe Medical fundamental ratios Correlations

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Cofoe Medical Account Relationship Matchups

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Other Information on Investing in Cofoe Stock

Balance Sheet is a snapshot of the financial position of Cofoe Medical Technology at a specified time, usually calculated after every quarter, six months, or one year. Cofoe Medical Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Cofoe Medical 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 Cofoe currently owns. An asset can also be divided into two categories, current and non-current.