Ajax Short Term Investments vs Total Current Liabilities Analysis
| AJAX Stock | 3.00 0.00 0.00% |
Ajax Resources financial indicator trend analysis is way more than just evaluating Ajax Resources PLC prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Ajax Resources PLC is a good investment. Please check the relationship between Ajax Resources Short Term Investments and its Total Current Liabilities accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Ajax Resources PLC. 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.
Short Term Investments vs Total Current Liabilities
Short Term Investments vs Total Current Liabilities Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Ajax Resources PLC Short Term Investments account and Total Current Liabilities. At this time, the significance of the direction appears to have strong relationship.
The correlation between Ajax Resources' Short Term Investments and Total Current Liabilities is 0.71. Overlapping area represents the amount of variation of Short Term Investments that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of Ajax Resources PLC, assuming nothing else is changed. The correlation between historical values of Ajax Resources' Short Term Investments 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 Short Term Investments of Ajax Resources PLC 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 Short Term Investments i.e., Ajax Resources' Short Term Investments and Total Current Liabilities go up and down completely randomly.
Correlation Coefficient | 0.71 |
| Relationship Direction | Positive |
| Relationship Strength | Significant |
Short Term Investments
Short Term Investments is an item under the current assets section of Ajax Resources balance sheet. It contains any investments Ajax Resources PLC undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that Ajax Resources PLC can easily liquidate in the marketplace.Total Current Liabilities
Total Current Liabilities is an item on Ajax Resources balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Ajax Resources PLC 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 Ajax Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Ajax Resources PLC 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 Ajax Resources PLC. 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 gain to about 436.1 K in 2024, whereas Issuance Of Capital Stock is likely to drop 0.00 in 2024.
| 2010 | 2023 | 2024 (projected) | Interest Income | 16.3K | 138.3K | 85.0K | Net Interest Income | 16.3K | 138.3K | 85.0K |
Ajax Resources fundamental ratios Correlations
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Ajax Resources Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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When running Ajax Resources' price analysis, check to measure Ajax Resources' 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 Ajax Resources is operating at the current time. Most of Ajax Resources' value examination focuses on studying past and present price action to predict the probability of Ajax Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ajax Resources' price. Additionally, you may evaluate how the addition of Ajax Resources to your portfolios can decrease your overall portfolio volatility.