Energy Resources financial indicator trend analysis is much more than just examining Energy Resources latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Energy Resources is a good investment. Please check the relationship between Energy Resources Total Current Liabilities and its Total Current Assets accounts. Check out
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Energy Resources. 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.
Total Current Liabilities vs Total Current Assets
Total Current Liabilities vs Total Current Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Energy Resources Total Current Liabilities account and
Total Current Assets. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Energy Resources' Total Current Liabilities and Total Current Assets is -0.7. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Total Current Assets in the same time period over historical financial statements of Energy Resources, assuming nothing else is changed. The correlation between historical values of Energy Resources' Total Current Liabilities and Total 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 Total Current Liabilities of Energy Resources are associated (or correlated) with its Total Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Assets has no effect on the direction of Total Current Liabilities i.e., Energy Resources' Total Current Liabilities and Total Current Assets go up and down completely randomly.
Correlation Coefficient | -0.7 |
| Relationship Direction | Negative |
| Relationship Strength | Weak |
Total Current Liabilities
Total Current Liabilities is an item on Energy 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 Energy Resources 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.
Total Current Assets
The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.
Most indicators from Energy Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Energy Resources 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
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Energy Resources. 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.
Issuance Of Capital Stock is likely to gain to about 338.1
M in 2024, whereas
Selling General Administrative is likely to drop slightly above 2.2
M in 2024.
Energy Resources fundamental ratios Correlations
Click cells to compare fundamentals
Energy Resources Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Energy Resources fundamental ratios Accounts
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Additional Tools for Energy Stock Analysis
When running Energy Resources' price analysis, check to
measure Energy 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 Energy Resources is operating at the current time. Most of Energy Resources' value examination focuses on studying past and present price action to
predict the probability of Energy Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Energy Resources' price. Additionally, you may evaluate how the addition of Energy Resources to your portfolios can decrease your overall portfolio volatility.