SBC Short Term Investments vs Cash Analysis
| SBCWW Stock | 0.27 0.01 3.85% |
SBC Medical financial indicator trend analysis is much more than just breaking down SBC Medical Group prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether SBC Medical Group is a good investment. Please check the relationship between SBC Medical Short Term Investments and its Cash accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in SBC Medical Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in housing.
Short Term Investments vs Cash
Short Term Investments vs Cash Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of SBC Medical Group Short Term Investments account and Cash. At this time, the significance of the direction appears to have pay attention.
The correlation between SBC Medical's Short Term Investments and Cash is -0.98. Overlapping area represents the amount of variation of Short Term Investments that can explain the historical movement of Cash in the same time period over historical financial statements of SBC Medical Group, assuming nothing else is changed. The correlation between historical values of SBC Medical's Short Term Investments 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 Short Term Investments of SBC Medical Group 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 Short Term Investments i.e., SBC Medical's Short Term Investments and Cash go up and down completely randomly.
Correlation Coefficient | -0.98 |
| Relationship Direction | Negative |
| Relationship Strength | Significant |
Short Term Investments
Short Term Investments is an item under the current assets section of SBC Medical balance sheet. It contains any investments SBC Medical Group undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that SBC Medical Group can easily liquidate in the marketplace.Cash
Cash refers to the most liquid asset of SBC Medical Group, which is listed under current asset account on SBC Medical Group balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from SBC Medical customers. The amounts must be unrestricted with restricted cash listed in a different SBC Medical 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 SBC Medical's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into SBC Medical Group 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 World Market Map to better understand how to build diversified portfolios, which includes a position in SBC Medical Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in housing. Tax Provision is likely to drop to about 29.2 M in 2024. Selling General Administrative is likely to drop to about 63.9 M in 2024
| 2010 | 2023 | 2024 (projected) | Net Interest Income | 440.9K | 41.5K | 39.4K | Tax Provision | 18.1M | 35.0M | 29.2M |
SBC Medical fundamental ratios Correlations
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SBC Medical Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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When running SBC Medical's price analysis, check to measure SBC Medical'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 SBC Medical is operating at the current time. Most of SBC Medical's value examination focuses on studying past and present price action to predict the probability of SBC Medical's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move SBC Medical's price. Additionally, you may evaluate how the addition of SBC Medical to your portfolios can decrease your overall portfolio volatility.