GigaCloud Cash And Short Term Investments vs Other Current Liab Analysis

GCT Stock  USD 18.08  0.03  0.17%   
GigaCloud Technology financial indicator trend analysis is much more than just examining GigaCloud Technology latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether GigaCloud Technology is a good investment. Please check the relationship between GigaCloud Technology Cash And Short Term Investments and its Other Current Liab accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in GigaCloud Technology Class. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

Cash And Short Term Investments vs Other Current Liab

JavaScript chart by amCharts 3.21.1520142016201820202022202410M20M40M60M80M100M120M140M160M 15M20M25M30M35M40M45M50M
JavaScript chart by amCharts 3.21.15Cash And Short Term Investmentstotal: 599.1MOther Current Liabtotal: 237.1M

Cash And Short Term Investments vs Other Current Liab Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of GigaCloud Technology Cash And Short Term Investments account and Other Current Liab. At this time, the significance of the direction appears to have almost identical trend.
Cash And Short Term InvestmentsOther Current LiabDiversified AwayCash And Short Term InvestmentsOther Current LiabDiversified Away100%
The correlation between GigaCloud Technology's Cash And Short Term Investments and Other Current Liab is 0.96. Overlapping area represents the amount of variation of Cash And Short Term Investments that can explain the historical movement of Other Current Liab in the same time period over historical financial statements of GigaCloud Technology Class, assuming nothing else is changed. The correlation between historical values of GigaCloud Technology's Cash And Short Term Investments and Other Current Liab 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 GigaCloud Technology Class are associated (or correlated) with its Other Current Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Liab has no effect on the direction of Cash And Short Term Investments i.e., GigaCloud Technology's Cash And Short Term Investments and Other Current Liab go up and down completely randomly.

Correlation Coefficient

0.96
Relationship DirectionPositive 
Relationship StrengthVery Strong

Cash And Short Term Investments

Short Term Investments is an account in the current assets section of GigaCloud Technology balance sheet. This account contains GigaCloud Technology investments that will expire within one year. These investments include stocks and bonds that can be liquidated by GigaCloud Technology Class 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 Liab

Most indicators from GigaCloud Technology's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into GigaCloud Technology 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in GigaCloud Technology Class. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.
At this time, GigaCloud Technology's Sales General And Administrative To Revenue is comparatively stable compared to the past year. Enterprise Value is likely to gain to about 1 B in 2024, whereas Tax Provision is likely to drop slightly above 9.1 M in 2024.
 2021 2022 2023 2024 (projected)
Gross Profit89.6M83.1M188.6M100.9M
Total Revenue414.2M490.1M703.8M441.3M

GigaCloud Technology fundamental ratios Correlations

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0.670.640.650.690.660.590.640.550.710.710.650.640.810.330.650.760.44-0.710.630.40.660.680.570.420.52
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0.830.80.940.810.920.90.80.660.810.780.940.80.810.830.940.730.34-0.680.850.421.00.80.910.890.93
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GigaCloud Technology Account Relationship Matchups

Thematic Opportunities

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Additional Tools for GigaCloud Stock Analysis

When running GigaCloud Technology's price analysis, check to measure GigaCloud Technology'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 GigaCloud Technology is operating at the current time. Most of GigaCloud Technology's value examination focuses on studying past and present price action to predict the probability of GigaCloud Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move GigaCloud Technology's price. Additionally, you may evaluate how the addition of GigaCloud Technology to your portfolios can decrease your overall portfolio volatility.