Indiana Cash vs Total Current Liabilities Analysis

IDA Stock   0.06  0  4.69%   
Indiana Resources financial indicator trend analysis is infinitely more than just investigating Indiana Resources recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Indiana Resources is a good investment. Please check the relationship between Indiana Resources Cash and its Total Current Liabilities accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Indiana 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.

Cash vs Total Current Liabilities

Cash vs Total Current Liabilities Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Indiana Resources Cash account and Total Current Liabilities. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Indiana Resources' Cash and Total Current Liabilities is 0.98. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of Indiana Resources, assuming nothing else is changed. The correlation between historical values of Indiana Resources' Cash and Total Current Liabilities 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 of Indiana Resources are associated (or correlated) with its Total Current Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Liabilities has no effect on the direction of Cash i.e., Indiana Resources' Cash and Total Current Liabilities go up and down completely randomly.

Correlation Coefficient

0.98
Relationship DirectionPositive 
Relationship StrengthVery Strong

Cash

Cash refers to the most liquid asset of Indiana Resources, which is listed under current asset account on Indiana Resources balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Indiana Resources customers. The amounts must be unrestricted with restricted cash listed in a different Indiana Resources account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.

Total Current Liabilities

Total Current Liabilities is an item on Indiana 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 Indiana 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.
Most indicators from Indiana Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Indiana 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Indiana 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.
Selling General Administrative is likely to drop to about 3.4 M in 2024. Discontinued Operations is likely to drop to about (7.2 M) in 2024
 2023 2024 (projected)
Research Development93.4K83.0K
Minority Interest1.1M1.8M

Indiana Resources fundamental ratios Correlations

0.930.810.970.960.960.1-0.550.930.980.00.930.780.74-0.40.850.980.970.980.930.730.210.80.970.950.78
0.930.590.890.820.810.41-0.30.810.850.130.810.940.52-0.310.980.960.820.980.830.50.190.610.980.90.86
0.810.590.890.810.84-0.47-0.540.940.840.120.940.30.67-0.330.410.790.850.740.920.660.210.970.730.860.4
0.970.890.890.890.91-0.05-0.440.980.930.130.980.690.64-0.350.780.980.920.970.990.620.220.90.960.990.67
0.960.820.810.890.990.02-0.720.860.99-0.140.860.680.88-0.440.740.890.990.880.860.860.190.740.870.860.75
0.960.810.840.910.99-0.04-0.70.890.99-0.160.890.650.87-0.460.710.891.00.880.880.850.190.790.870.880.7
0.10.41-0.47-0.050.02-0.040.2-0.210.00.01-0.210.68-0.11-0.050.590.14-0.050.2-0.16-0.12-0.03-0.470.21-0.020.57
-0.55-0.3-0.54-0.44-0.72-0.70.2-0.44-0.680.35-0.44-0.21-0.950.24-0.24-0.4-0.71-0.38-0.4-0.97-0.27-0.4-0.37-0.37-0.43
0.930.810.940.980.860.89-0.21-0.440.910.141.00.560.62-0.290.670.940.90.911.00.610.220.960.910.980.55
0.980.850.840.930.990.990.0-0.680.91-0.110.910.690.85-0.440.760.931.00.910.90.830.210.790.910.90.73
0.00.130.120.13-0.14-0.160.010.350.14-0.110.140.08-0.360.550.110.13-0.130.130.14-0.29-0.10.150.120.210.15
0.930.810.940.980.860.89-0.21-0.441.00.910.140.560.62-0.290.670.940.90.911.00.610.220.960.910.980.55
0.780.940.30.690.680.650.68-0.210.560.690.080.560.41-0.260.990.810.650.850.60.40.150.310.850.70.91
0.740.520.670.640.880.87-0.11-0.950.620.85-0.360.620.41-0.450.450.610.870.590.590.990.230.540.580.570.59
-0.4-0.31-0.33-0.35-0.44-0.46-0.050.24-0.29-0.440.55-0.29-0.26-0.45-0.27-0.34-0.43-0.32-0.33-0.31-0.19-0.25-0.33-0.31-0.33
0.850.980.410.780.740.710.59-0.240.670.760.110.670.990.45-0.270.880.720.910.70.430.170.430.910.790.9
0.980.960.790.980.890.890.14-0.40.940.930.130.940.810.61-0.340.880.91.00.950.590.220.81.00.980.77
0.970.820.850.920.991.0-0.05-0.710.91.0-0.130.90.650.87-0.430.720.90.890.890.860.20.80.880.890.71
0.980.980.740.970.880.880.2-0.380.910.910.130.910.850.59-0.320.911.00.890.930.580.210.761.00.970.8
0.930.830.920.990.860.88-0.16-0.41.00.90.141.00.60.59-0.330.70.950.890.930.580.20.950.930.990.57
0.730.50.660.620.860.85-0.12-0.970.610.83-0.290.610.40.99-0.310.430.590.860.580.580.20.540.560.560.57
0.210.190.210.220.190.19-0.03-0.270.220.21-0.10.220.150.23-0.190.170.220.20.210.20.20.190.220.180.23
0.80.610.970.90.740.79-0.47-0.40.960.790.150.960.310.54-0.250.430.80.80.760.950.540.190.760.890.32
0.970.980.730.960.870.870.21-0.370.910.910.120.910.850.58-0.330.911.00.881.00.930.560.220.760.970.79
0.950.90.860.990.860.88-0.02-0.370.980.90.210.980.70.57-0.310.790.980.890.970.990.560.180.890.970.68
0.780.860.40.670.750.70.57-0.430.550.730.150.550.910.59-0.330.90.770.710.80.570.570.230.320.790.68
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Indiana Resources Account Relationship Matchups

Indiana Resources fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets652K3.1M6.6M6.9M8.2M7.8M
Other Current Liab124K26K256K189K403K382.9K
Total Current Liabilities1.3M937K670K939K900K855K
Total Stockholder Equity(625K)2.1M5.4M5.7M6.9M6.5M
Property Plant And Equipment Net27K70K207K105K6.4M8.9M
Net Debt(504K)(1.2M)(2.2M)(1.1M)(1.4M)(1.4M)
Retained Earnings(22.8M)(24.5M)(26.6M)(27.0M)(30.7M)(32.3M)
Cash504K1.3M2.4M1.2M1.4M1.3M
Non Current Assets Total27K1.7M3.8M5.4M6.4M6.1M
Non Currrent Assets Other(27K)1.7M3.6M5.3M4.8M5.0M
Cash And Short Term Investments504K1.3M2.4M1.2M1.4M1.3M
Net Receivables102K83K152K241K324K307.8K
Common Stock Shares Outstanding174.2M257.0M425.7M494.0M589.9M619.4M
Liabilities And Stockholders Equity652K3.1M6.6M6.9M8.2M7.8M
Non Current Liabilities Total52K52.0K119K38K22K20.9K
Total Liab1.3M989K789K977K922K875.9K
Property Plant And Equipment Gross27K3.2M4.2M5.5M6.6M9.3M
Total Current Assets495K625K1.4M1.5M1.8M1.7M
Accumulated Other Comprehensive Income6.4M7.0M7.2M5.5M5.2M4.8M
Common Stock15.8M19.6M24.8M27.2M32.4M43.9M
Other Stockholder Equity6.4M7.0M7.2M(1.0)1.01.05
Accounts Payable1.2M901K227K692K487K462.7K
Property Plant Equipment27K1.7M3.8M5.4M6.2M5.9M
Net Tangible Assets(625K)2.1M5.4M5.7M5.1M6.9M
Net Invested Capital(625K)2.1M5.4M5.7M6.9M5.0M
Net Working Capital(652K)451K2.1M543K852K558.3K
Capital Stock15.8M19.6M24.8M27.2M32.4M24.4M

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Additional Tools for Indiana Stock Analysis

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