GRFS Stock | | | USD 7.71 0.51 7.08% |
Grifols SA financial indicator trend analysis is much more than just examining Grifols SA ADR latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Grifols SA ADR is a good investment. Please check the relationship between Grifols SA Cash And Short Term Investments and its Other Current Assets accounts. Check out
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Grifols SA ADR. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in census.
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
Grifols SA ADR Cash And Short Term Investments account and
Other Current Assets. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Grifols SA's Cash And Short Term Investments and Other Current Assets is 0.4. 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 Grifols SA ADR, assuming nothing else is changed. The correlation between historical values of Grifols SA'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 Grifols SA ADR 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., Grifols SA's Cash And Short Term Investments and Other Current Assets go up and down completely randomly.
Correlation Coefficient | 0.4 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Cash And Short Term Investments
Short Term Investments is an account in the current assets section of Grifols SA ADR balance sheet. This account contains Grifols SA investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Grifols SA ADR 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 Grifols SA's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Grifols SA ADR 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 Grifols SA ADR. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in census.
At this time, Grifols SA's
Enterprise Value Over EBITDA is comparatively stable compared to the past year.
Enterprise Value Multiple is likely to gain to 18.28 in 2024, whereas
Selling General Administrative is likely to drop slightly above 746.5
M in 2024.
Grifols SA fundamental ratios Correlations
Click cells to compare fundamentals
Grifols SA Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Grifols SA fundamental ratios Accounts
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Additional Tools for Grifols Stock Analysis
When running Grifols SA's price analysis, check to
measure Grifols SA'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 Grifols SA is operating at the current time. Most of Grifols SA's value examination focuses on studying past and present price action to
predict the probability of Grifols SA's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Grifols SA's price. Additionally, you may evaluate how the addition of Grifols SA to your portfolios can decrease your overall portfolio volatility.