| 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 Current Deferred Revenue and its Cash And Short Term Investments 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.
Current Deferred Revenue vs Cash And Short Term Investments
Current Deferred Revenue vs Cash And Short Term Investments Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Brooge Energy Limited Current Deferred Revenue account and
Cash And Short Term Investments. At this time, the significance of the direction appears to have almost no relationship.
The correlation between Brooge Energy's Current Deferred Revenue and Cash And Short Term Investments is 0.13. Overlapping area represents the amount of variation of Current Deferred Revenue that can explain the historical movement of Cash And Short Term Investments 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 Current Deferred Revenue and Cash And Short Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Current Deferred Revenue of Brooge Energy Limited are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Current Deferred Revenue i.e., Brooge Energy's Current Deferred Revenue and Cash And Short Term Investments go up and down completely randomly.
Correlation Coefficient | 0.13 |
| Relationship Direction | Positive |
| Relationship Strength | Insignificant |
Current Deferred Revenue
Revenue that has been collected but not yet earned, typically from prepaid service contracts or subscriptions. This amount is considered a liability until the service is provided or the subscription period ends.
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.
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.
Brooge Energy fundamental ratios Correlations
Click cells to compare fundamentals
Brooge Energy Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Brooge Energy fundamental ratios Accounts
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Additional Tools for Brooge Stock Analysis
When running Brooge Energy's price analysis, check to
measure Brooge Energy's 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 Brooge Energy is operating at the current time. Most of Brooge Energy's value examination focuses on studying past and present price action to
predict the probability of Brooge Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Brooge Energy's price. Additionally, you may evaluate how the addition of Brooge Energy to your portfolios can decrease your overall portfolio volatility.