Keynote Total Current Liabilities vs Cash Analysis
| KEYFINSERV | 248.86 2.42 0.96% |
Keynote Financial financial indicator trend analysis is infinitely more than just investigating Keynote Financial recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Keynote Financial is a good investment. Please check the relationship between Keynote Financial Total Current Liabilities and its Cash accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Keynote Financial Services. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.
Total Current Liabilities vs Cash
Total Current Liabilities vs Cash Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Keynote Financial Total Current Liabilities account and Cash. At this time, the significance of the direction appears to have strong relationship.
The correlation between Keynote Financial's Total Current Liabilities and Cash is 0.6. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Cash in the same time period over historical financial statements of Keynote Financial Services, assuming nothing else is changed. The correlation between historical values of Keynote Financial's Total Current Liabilities and Cash 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 Keynote Financial Services are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Total Current Liabilities i.e., Keynote Financial's Total Current Liabilities and Cash go up and down completely randomly.
Correlation Coefficient | 0.6 |
| Relationship Direction | Positive |
| Relationship Strength | Significant |
Total Current Liabilities
Total Current Liabilities is an item on Keynote Financial balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Keynote Financial Services 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.Cash
Cash refers to the most liquid asset of Keynote Financial, which is listed under current asset account on Keynote Financial Services balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Keynote Financial customers. The amounts must be unrestricted with restricted cash listed in a different Keynote Financial 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.Most indicators from Keynote Financial's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Keynote Financial 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Keynote Financial Services. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product. Selling General Administrative is likely to gain to about 62.7 M in 2024. Tax Provision is likely to gain to about 80.7 M in 2024
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 123.5M | 85.4M | 427.2M | 448.5M | Total Revenue | 174.5M | 140.7M | 493.3M | 517.9M |
Keynote Financial fundamental ratios Correlations
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Keynote Financial Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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When running Keynote Financial's price analysis, check to measure Keynote Financial'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 Keynote Financial is operating at the current time. Most of Keynote Financial's value examination focuses on studying past and present price action to predict the probability of Keynote Financial's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Keynote Financial's price. Additionally, you may evaluate how the addition of Keynote Financial to your portfolios can decrease your overall portfolio volatility.