Brooge Cash And Short Term Investments vs Other Current Assets Analysis

BROGW Stock  USD 0  0.0004  25.00%   
Brooge Energy financial indicator trend analysis is way more than just evaluating Brooge Energy Limited prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Brooge Energy Limited is a good investment. Please check the relationship between Brooge Energy Cash And Short Term Investments and its Other Current Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Brooge 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 price.

Cash And Short Term Investments vs Other Current Assets

Cash And Short Term Investments vs Other Current Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Brooge Energy Limited Cash And Short Term Investments account and Other Current Assets. At this time, the significance of the direction appears to have weak relationship.
The correlation between Brooge Energy's Cash And Short Term Investments and Other Current Assets is 0.32. Overlapping area represents the amount of variation of Cash And Short Term Investments that can explain the historical movement of Other Current Assets in the same time period over historical financial statements of Brooge Energy Limited, assuming nothing else is changed. The correlation between historical values of Brooge Energy's Cash And Short Term Investments and Other Current Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash And Short Term Investments of Brooge Energy Limited are associated (or correlated) with its Other Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Assets has no effect on the direction of Cash And Short Term Investments i.e., Brooge Energy's Cash And Short Term Investments and Other Current Assets go up and down completely randomly.

Correlation Coefficient

0.32
Relationship DirectionPositive 
Relationship StrengthVery Weak

Cash And Short Term Investments

Short Term Investments is an account in the current assets section of Brooge Energy Limited balance sheet. This account contains Brooge Energy investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Brooge Energy Limited fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.

Other Current Assets

Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.
Most indicators from Brooge Energy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Brooge 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Brooge 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 price.
Selling General Administrative is likely to climb to about 15.7 M in 2024, whereas Sales General And Administrative To Revenue is likely to drop 0.1 in 2024.
 2021 2022 2023 2024 (projected)
Interest Expense6.7M25.3M20.7M11.6M
Depreciation And Amortization8.0M13.6M15.6M16.4M

Brooge Energy fundamental ratios Correlations

0.870.89-0.890.680.390.950.860.990.830.960.890.520.95-0.010.750.690.580.95-0.410.050.720.910.890.930.81
0.870.6-0.860.250.570.810.940.920.490.820.830.560.9-0.120.660.660.130.89-0.450.210.320.840.820.770.52
0.890.6-0.710.830.030.910.650.820.880.920.640.410.730.270.610.640.750.76-0.260.010.810.690.670.880.85
-0.89-0.86-0.71-0.53-0.57-0.82-0.9-0.9-0.71-0.81-0.84-0.47-0.93-0.08-0.62-0.81-0.44-0.930.660.11-0.57-0.85-0.87-0.93-0.69
0.680.250.83-0.530.040.640.320.60.960.660.580.160.570.130.490.440.980.59-0.2-0.320.980.60.610.730.85
0.390.570.03-0.570.040.360.40.490.250.330.59-0.170.54-0.380.180.4-0.020.51-0.75-0.470.130.530.690.350.29
0.950.810.91-0.820.640.360.770.920.780.990.750.390.830.120.60.70.560.84-0.49-0.080.660.770.780.870.74
0.860.940.65-0.90.320.40.770.880.530.80.750.660.870.140.580.80.220.87-0.370.240.330.760.740.860.53
0.990.920.82-0.90.60.490.920.880.780.940.930.530.97-0.10.760.680.50.97-0.440.050.660.940.920.910.77
0.830.490.88-0.710.960.250.780.530.780.80.740.230.750.10.560.610.920.77-0.32-0.30.960.750.790.870.91
0.960.820.92-0.810.660.330.990.80.940.80.760.440.840.130.60.720.580.85-0.39-0.030.670.780.790.890.76
0.890.830.64-0.840.580.590.750.750.930.740.760.470.97-0.390.840.470.480.96-0.440.00.680.990.950.790.74
0.520.560.41-0.470.16-0.170.390.660.530.230.440.470.53-0.080.660.210.130.530.160.580.20.510.250.440.08
0.950.90.73-0.930.570.540.830.870.970.750.840.970.53-0.180.820.630.451.0-0.50.070.640.980.940.890.76
-0.01-0.120.27-0.080.13-0.380.120.14-0.10.10.13-0.39-0.08-0.18-0.460.570.15-0.150.05-0.07-0.05-0.35-0.220.260.08
0.750.660.61-0.620.490.180.60.580.760.560.60.840.660.82-0.460.130.380.82-0.220.360.610.880.680.590.59
0.690.660.64-0.810.440.40.70.80.680.610.720.470.210.630.570.130.380.64-0.48-0.20.370.470.630.860.58
0.580.130.75-0.440.98-0.020.560.220.50.920.580.480.130.450.150.380.380.48-0.12-0.40.950.490.510.640.74
0.950.890.76-0.930.590.510.840.870.970.770.850.960.531.0-0.150.820.640.48-0.490.080.670.970.940.90.78
-0.41-0.45-0.260.66-0.2-0.75-0.49-0.37-0.44-0.32-0.39-0.440.16-0.50.05-0.22-0.48-0.12-0.490.53-0.25-0.44-0.56-0.46-0.37
0.050.210.010.11-0.32-0.47-0.080.240.05-0.3-0.030.00.580.07-0.070.36-0.2-0.40.080.53-0.290.06-0.16-0.08-0.13
0.720.320.81-0.570.980.130.660.330.660.960.670.680.20.64-0.050.610.370.950.67-0.25-0.290.70.690.720.86
0.910.840.69-0.850.60.530.770.760.940.750.780.990.510.98-0.350.880.470.490.97-0.440.060.70.940.810.76
0.890.820.67-0.870.610.690.780.740.920.790.790.950.250.94-0.220.680.630.510.94-0.56-0.160.690.940.840.83
0.930.770.88-0.930.730.350.870.860.910.870.890.790.440.890.260.590.860.640.9-0.46-0.080.720.810.840.83
0.810.520.85-0.690.850.290.740.530.770.910.760.740.080.760.080.590.580.740.78-0.37-0.130.860.760.830.83
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Brooge Energy Account Relationship Matchups

Brooge Energy fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets307.3M432.6M457.2M473.6M486.0M370.4M
Total Current Liabilities79.3M43.8M295.9M280.0M342.6M181.1M
Total Stockholder Equity125.1M128.6M78.5M105.1M56.8M87.2M
Retained Earnings(65.3M)(46.9M)(95.0M)(67.8M)(116.1M)(110.3M)
Cash And Short Term Investments19.8M39.4M7.4M8.3M9.5M13.7M
Other Current Assets783.5K247.7K1.1M947.6K1.1M647.0K
Total Liab182.1M304.0M378.7M368.6M429.2M283.1M
Total Current Assets22.4M40.4M12.5M14.6M22.2M18.0M
Short Long Term Debt Total119.5M276.1M272.6M264.0M303.6M233.4M
Other Current Liab50.8M23.3M275.2M85.8M314.2K298.5K
Property Plant And Equipment Net263.2M367.3M427.3M426.0M449.5M390.7M
Current Deferred Revenue35.1M1.0M2.4M6.2M5.6M8.4M
Net Debt99.6M236.7M265.2M263.1M153.8M210.3M
Accounts Payable26.0M3.7M9.1M9.9M24.3M13.7M
Cash19.8M39.4M7.4M762.9K7.7M10.0M
Non Current Assets Total284.9M392.2M444.7M459.1M463.8M411.1M
Net Receivables1.6M336.8K3.8M5.3M41.6K39.5K
Liabilities And Stockholders Equity307.3M432.6M457.2M473.6M544.7M411.6M
Non Current Liabilities Total102.8M260.2M82.9M88.5M86.6M119.0M
Capital Lease Obligations30.8M89.1M89.8M90.9M92.0M77.5M
Inventory179.6K321.8K250.4K315.6K412.7K298.3K
Net Invested Capital199.3M315.6M78.5M278.2M218.3M211.7M
Net Working Capital(57.0M)(3.4M)(283.3M)(265.4M)(320.4M)(304.4M)
Short Term Debt18.2M16.8M9.0M177.6M204.3M214.5M

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