GalaxyCore Total Current Liabilities vs Selling General Administrative Analysis

688728 Stock   16.01  0.26  1.65%   
GalaxyCore financial indicator trend analysis is much more than just examining GalaxyCore latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether GalaxyCore is a good investment. Please check the relationship between GalaxyCore Total Current Liabilities and its Selling General Administrative accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in GalaxyCore. 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 Selling General Administrative

Total Current Liabilities vs Selling General Administrative Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of GalaxyCore Total Current Liabilities account and Selling General Administrative. At this time, the significance of the direction appears to have strong relationship.
The correlation between GalaxyCore's Total Current Liabilities and Selling General Administrative is 0.79. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Selling General Administrative in the same time period over historical financial statements of GalaxyCore, assuming nothing else is changed. The correlation between historical values of GalaxyCore's Total Current Liabilities and Selling General Administrative 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 GalaxyCore are associated (or correlated) with its Selling General Administrative. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Selling General Administrative has no effect on the direction of Total Current Liabilities i.e., GalaxyCore's Total Current Liabilities and Selling General Administrative go up and down completely randomly.

Correlation Coefficient

0.79
Relationship DirectionPositive 
Relationship StrengthSignificant

Total Current Liabilities

Total Current Liabilities is an item on GalaxyCore balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of GalaxyCore 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.

Selling General Administrative

Most indicators from GalaxyCore's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into GalaxyCore 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 GalaxyCore. 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 202.9 M, whereas Tax Provision is projected to grow to (34.1 M).
 2021 2022 2023 2024 (projected)
Interest Expense102.4M108.8M204.9M215.2M
Depreciation And Amortization252.7M123.9M142.5M116.3M

GalaxyCore fundamental ratios Correlations

0.990.070.920.910.950.890.890.340.90.990.470.980.770.930.92-0.70.990.990.920.990.90.820.930.540.96
0.990.020.880.860.990.950.860.320.851.00.350.940.730.970.88-0.650.951.00.860.970.860.80.970.570.94
0.070.020.270.22-0.05-0.140.10.10.270.030.50.130.41-0.070.18-0.550.110.040.240.110.21-0.27-0.06-0.380.14
0.920.880.270.950.820.740.90.470.960.880.570.930.840.790.99-0.810.930.890.980.930.970.80.790.450.96
0.910.860.220.950.780.670.980.280.990.860.710.940.790.760.97-0.70.940.850.990.930.960.870.750.350.97
0.950.99-0.050.820.780.980.810.240.760.990.210.880.651.00.81-0.550.890.980.780.920.780.761.00.560.9
0.890.95-0.140.740.670.980.710.260.650.940.030.790.580.980.72-0.490.810.940.680.840.690.70.990.620.82
0.890.860.10.90.980.810.710.110.950.870.630.90.720.80.93-0.550.910.840.940.890.910.910.790.30.96
0.340.320.10.470.280.240.260.110.330.250.080.370.570.190.45-0.750.380.360.420.40.50.180.220.750.29
0.90.850.270.960.990.760.650.950.330.850.740.950.80.740.98-0.750.940.840.990.930.970.840.730.340.96
0.991.00.030.880.860.990.940.870.250.850.360.940.710.980.87-0.620.950.990.860.960.840.80.980.510.94
0.470.350.50.570.710.210.030.630.080.740.360.610.510.180.6-0.530.590.350.680.540.620.440.16-0.160.55
0.980.940.130.930.940.880.790.90.370.950.940.610.80.850.94-0.731.00.950.950.990.930.820.840.490.95
0.770.730.410.840.790.650.580.720.570.80.710.510.80.60.84-0.870.80.740.840.80.870.530.620.50.76
0.930.97-0.070.790.761.00.980.80.190.740.980.180.850.60.78-0.510.870.970.750.890.750.751.00.540.88
0.920.880.180.990.970.810.720.930.450.980.870.60.940.840.78-0.770.940.880.990.940.980.860.780.480.97
-0.7-0.65-0.55-0.81-0.7-0.55-0.49-0.55-0.75-0.75-0.62-0.53-0.73-0.87-0.51-0.77-0.73-0.68-0.78-0.74-0.81-0.38-0.52-0.5-0.68
0.990.950.110.930.940.890.810.910.380.940.950.591.00.80.870.94-0.730.950.951.00.930.830.860.510.96
0.991.00.040.890.850.980.940.840.360.840.990.350.950.740.970.88-0.680.950.860.970.860.780.970.580.94
0.920.860.240.980.990.780.680.940.420.990.860.680.950.840.750.99-0.780.950.860.940.990.840.750.430.97
0.990.970.110.930.930.920.840.890.40.930.960.540.990.80.890.94-0.741.00.970.940.930.820.890.540.96
0.90.860.210.970.960.780.690.910.50.970.840.620.930.870.750.98-0.810.930.860.990.930.830.750.540.95
0.820.8-0.270.80.870.760.70.910.180.840.80.440.820.530.750.86-0.380.830.780.840.820.830.740.480.88
0.930.97-0.060.790.751.00.990.790.220.730.980.160.840.621.00.78-0.520.860.970.750.890.750.740.560.88
0.540.57-0.380.450.350.560.620.30.750.340.51-0.160.490.50.540.48-0.50.510.580.430.540.540.480.560.44
0.960.940.140.960.970.90.820.960.290.960.940.550.950.760.880.97-0.680.960.940.970.960.950.880.880.44
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GalaxyCore Account Relationship Matchups

GalaxyCore fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets3.0B5.7B13.3B18.2B20.2B21.2B
Short Long Term Debt Total771.1M1.8B4.0B8.6B9.9B10.3B
Other Current Liab1.1B217.0M678.4M856.7M2.9M2.8M
Total Current Liabilities2.6B2.8B5.0B5.4B7.0B3.9B
Total Stockholder Equity266.2M2.7B7.5B7.9B7.9B4.4B
Property Plant And Equipment Net194.8M297.0M1.5B8.2B9.5B10.0B
Net Debt287.6M298.2M(488.7M)4.5B6.1B6.4B
Retained Earnings267.3M1.0B2.3B2.7B2.7B1.7B
Accounts Payable833.7M1.0B634.6M411.0M788.3M717.8M
Cash483.5M1.5B4.5B4.1B4.3B2.4B
Non Current Assets Total455.2M901.6M4.4B9.7B10.4B10.9B
Non Currrent Assets Other150.1M356.9M2.6B1.2B235.4M223.6M
Cash And Short Term Investments483.5M1.5B4.5B4.1B4.7B5.0B
Common Stock Shares Outstanding2.1B2.3B2.5B2.6B2.6B2.3B
Liabilities And Stockholders Equity3.0B5.7B13.3B18.2B20.9B21.9B
Non Current Liabilities Total95.6M212.0M771.4M4.9B5.3B5.6B
Inventory1.2B2.1B3.5B3.4B4.6B2.6B
Other Current Assets37.9M103.2M138.5M136.3M209.0M225.7M
Other Stockholder Equity(1.2M)1.7B5.3B5.2B5.9B6.2B
Total Liab2.7B3.0B5.8B10.3B12.3B12.9B
Total Current Assets2.5B4.8B8.9B8.4B9.8B5.9B
Short Term Debt687.0M1.6B3.7B4.1B4.7B4.9B
Intangible Assets74.0M201.0M247.6M265.7M301.0M187.0M

Currently Active Assets on Macroaxis

Other Information on Investing in GalaxyCore Stock

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