| SMX Stock | | | 0.21 0.02 8.70% |
SMX Public financial indicator trend analysis is much more than just breaking down SMX Public Limited prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether SMX Public Limited is a good investment. Please check the relationship between SMX Public Total Current Liabilities and its Capital Lease Obligations accounts. Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in SMX Public Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in population.
Total Current Liabilities vs Capital Lease Obligations
Total Current Liabilities vs Capital Lease Obligations Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
SMX Public Limited Total Current Liabilities account and
Capital Lease Obligations. At this time, the significance of the direction appears to have pay attention.
The correlation between SMX Public's Total Current Liabilities and Capital Lease Obligations is -0.89. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Capital Lease Obligations in the same time period over historical financial statements of SMX Public Limited, assuming nothing else is changed. The correlation between historical values of SMX Public's Total Current Liabilities and Capital Lease Obligations 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 SMX Public Limited are associated (or correlated) with its Capital Lease Obligations. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capital Lease Obligations has no effect on the direction of Total Current Liabilities i.e., SMX Public's Total Current Liabilities and Capital Lease Obligations go up and down completely randomly.
Correlation Coefficient | -0.89 |
| Relationship Direction | Negative |
| Relationship Strength | Significant |
Total Current Liabilities
Total Current Liabilities is an item on SMX Public balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of SMX Public Limited 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.
Capital Lease Obligations
SMX Public Limited capital lease obligations are the amount due for long-term lease agreements that are nearly equivalent to SMX Public asset purchases. For example, SMX Public can use a capital lease to finance the purchase of an asset without ever buying it. A capital lease gives companies such as SMX Public control over an asset for a big portion of its life. The total obligations of a company under capital leases, which are lease agreements that transfer substantially all risks and rewards of ownership to the lessee.
Most indicators from SMX Public's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into SMX Public Limited 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 SMX Public Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in population.
Selling General Administrative is likely to rise to about 17.9
M in 2024, whereas
Issuance Of Capital Stock is likely to drop slightly above 3.7
M in 2024.
SMX Public fundamental ratios Correlations
Click cells to compare fundamentals
SMX Public Account Relationship Matchups
High Positive Relationship
High Negative Relationship
SMX Public fundamental ratios Accounts
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Additional Tools for SMX Stock Analysis
When running SMX Public's price analysis, check to
measure SMX Public'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 SMX Public is operating at the current time. Most of SMX Public's value examination focuses on studying past and present price action to
predict the probability of SMX Public's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move SMX Public's price. Additionally, you may evaluate how the addition of SMX Public to your portfolios can decrease your overall portfolio volatility.