Snipp Total Stockholder Equity vs Cash And Short Term Investments Analysis

SPN Stock

CAD 0.11 0.01 8.33%

Snipp Interactive financial indicator trend analysis is much more than just breaking down Snipp Interactive prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Snipp Interactive is a good investment. Please check the relationship between Snipp Interactive Total Stockholder Equity and its Cash And Short Term Investments accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Snipp Interactive. 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.

Total Stockholder Equity vs Cash And Short Term Investments

Total Stockholder Equity vs Cash And Short Term Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Snipp Interactive Total Stockholder Equity account and Cash And Short Term Investments. At this time, the significance of the direction appears to have strong relationship.

The correlation between Snipp Interactive's Total Stockholder Equity and Cash And Short Term Investments is 0.69. Overlapping area represents the amount of variation of Total Stockholder Equity that can explain the historical movement of Cash And Short Term Investments in the same time period over historical financial statements of Snipp Interactive, assuming nothing else is changed. The correlation between historical values of Snipp Interactive's Total Stockholder Equity and Cash And Short Term Investments 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 Stockholder Equity of Snipp Interactive are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Total Stockholder Equity i.e., Snipp Interactive's Total Stockholder Equity and Cash And Short Term Investments go up and down completely randomly.

Correlation Coefficient

0.69

Relationship Direction	Positive
Relationship Strength	Significant

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Total Stockholder Equity

The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.

Cash And Short Term Investments

Short Term Investments is an account in the current assets section of Snipp Interactive balance sheet. This account contains Snipp Interactive investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Snipp Interactive 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.

Most indicators from Snipp Interactive's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Snipp Interactive 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 Snipp Interactive. 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 10.4 M in 2024. Tax Provision is likely to drop to about 24.4 K in 2024

	2022	2023	2024 (projected)
Tax Provision	30.3K	40.9K	24.4K
Interest Income	54.6K	131.8K	138.4K

Tax Provision Interest Income

Snipp Interactive fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Current Deferred Revenue	Net Debt	Retained Earnings	Cash	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Total Liab	Total Current Assets	Common Stock	Property Plant And Equipment Net	Accounts Payable	Non Current Assets Total	Short Term Investments	Non Current Liabilities Total	Other Stockholder Equity	Intangible Assets	Other Liab	Net Tangible Assets	Inventory	Other Current Assets	Property Plant Equipment
Total Assets		0.25	0.88	0.97	0.55	-0.57	-0.57	0.75	0.75	0.91	0.62	0.89	0.95	0.75	0.33	0.87	0.97	0.6	-0.5	0.72	0.76	0.61	0.2	0.45	0.49	0.66
Other Current Liab	0.25		-0.04	0.32	-0.24	-0.43	0.38	0.41	0.41	0.09	-0.29	0.08	0.24	-0.23	-0.04	-0.08	0.25	-0.25	0.41	-0.27	-0.25	0.13	0.71	-0.22	-0.17	0.63
Total Current Liabilities	0.88	-0.04		0.76	0.76	-0.49	-0.8	0.68	0.68	0.84	0.82	0.97	0.9	0.91	0.39	0.94	0.81	0.69	-0.64	0.88	0.79	0.68	-0.21	0.26	0.62	0.4
Total Stockholder Equity	0.97	0.32	0.76		0.4	-0.53	-0.43	0.69	0.69	0.88	0.49	0.74	0.89	0.63	0.26	0.78	0.97	0.51	-0.46	0.6	0.71	0.47	0.38	0.53	0.38	0.71
Current Deferred Revenue	0.55	-0.24	0.76	0.4		-0.49	-0.85	0.55	0.55	0.47	0.75	0.74	0.65	0.78	0.76	0.67	0.45	0.88	-0.5	0.73	0.45	0.52	-0.56	0.07	0.89	-0.09
Net Debt	-0.57	-0.43	-0.49	-0.53	-0.49		0.41	-0.94	-0.94	-0.26	-0.48	-0.55	-0.74	-0.48	-0.25	-0.5	-0.4	-0.48	0.08	-0.41	-0.02	-0.43	0.0	0.04	-0.49	-0.15
Retained Earnings	-0.57	0.38	-0.8	-0.43	-0.85	0.41		-0.44	-0.44	-0.54	-0.96	-0.74	-0.63	-0.94	-0.47	-0.85	-0.49	-0.89	0.71	-0.93	-0.65	-0.6	0.57	-0.32	-0.73	0.13
Cash	0.75	0.41	0.68	0.69	0.55	-0.94	-0.44		1.0	0.49	0.53	0.74	0.89	0.57	0.25	0.64	0.6	0.47	-0.19	0.51	0.23	0.52	0.03	0.0	0.5	0.36
Cash And Short Term Investments	0.75	0.41	0.68	0.69	0.55	-0.94	-0.44	1.0		0.49	0.53	0.74	0.89	0.57	0.25	0.64	0.6	0.47	-0.19	0.51	0.23	0.52	0.03	0.0	0.5	0.36
Net Receivables	0.91	0.09	0.84	0.88	0.47	-0.26	-0.54	0.49	0.49		0.55	0.82	0.82	0.68	0.21	0.82	0.92	0.5	-0.61	0.67	0.89	0.58	0.14	0.44	0.4	0.7
Common Stock Shares Outstanding	0.62	-0.29	0.82	0.49	0.75	-0.48	-0.96	0.53	0.53	0.55		0.77	0.7	0.97	0.32	0.87	0.52	0.82	-0.71	0.94	0.62	0.63	-0.48	0.34	0.65	-0.08
Total Liab	0.89	0.08	0.97	0.74	0.74	-0.55	-0.74	0.74	0.74	0.82	0.77		0.92	0.86	0.42	0.89	0.8	0.66	-0.5	0.81	0.71	0.76	-0.17	0.21	0.62	0.43
Total Current Assets	0.95	0.24	0.9	0.89	0.65	-0.74	-0.63	0.89	0.89	0.82	0.7	0.92		0.78	0.32	0.86	0.85	0.64	-0.47	0.74	0.62	0.65	0.03	0.27	0.59	0.52
Common Stock	0.75	-0.23	0.91	0.63	0.78	-0.48	-0.94	0.57	0.57	0.68	0.97	0.86	0.78		0.41	0.93	0.68	0.84	-0.71	0.98	0.73	0.64	-0.37	0.41	0.68	0.08
Property Plant And Equipment Net	0.33	-0.04	0.39	0.26	0.76	-0.25	-0.47	0.25	0.25	0.21	0.32	0.42	0.32	0.41		0.29	0.35	0.71	-0.07	0.37	0.2	0.26	-0.22	0.15	0.75	-0.06
Accounts Payable	0.87	-0.08	0.94	0.78	0.67	-0.5	-0.85	0.64	0.64	0.82	0.87	0.89	0.86	0.93	0.29		0.82	0.72	-0.73	0.92	0.84	0.65	-0.15	0.44	0.53	0.34
Non Current Assets Total	0.97	0.25	0.81	0.97	0.45	-0.4	-0.49	0.6	0.6	0.92	0.52	0.8	0.85	0.68	0.35	0.82		0.54	-0.49	0.66	0.81	0.54	0.33	0.56	0.39	0.72
Short Term Investments	0.6	-0.25	0.69	0.51	0.88	-0.48	-0.89	0.47	0.47	0.5	0.82	0.66	0.64	0.84	0.71	0.72	0.54		-0.54	0.82	0.52	0.51	-0.4	0.4	0.88	-0.1
Non Current Liabilities Total	-0.5	0.41	-0.64	-0.46	-0.5	0.08	0.71	-0.19	-0.19	-0.61	-0.71	-0.5	-0.47	-0.71	-0.07	-0.73	-0.49	-0.54		-0.69	-0.74	-0.25	0.27	-0.38	-0.35	-0.09
Other Stockholder Equity	0.72	-0.27	0.88	0.6	0.73	-0.41	-0.93	0.51	0.51	0.67	0.94	0.81	0.74	0.98	0.37	0.92	0.66	0.82	-0.69		0.73	0.55	-0.35	0.4	0.65	0.08
Intangible Assets	0.76	-0.25	0.79	0.71	0.45	-0.02	-0.65	0.23	0.23	0.89	0.62	0.71	0.62	0.73	0.2	0.84	0.81	0.52	-0.74	0.73		0.54	-0.02	0.6	0.3	0.46
Other Liab	0.61	0.13	0.68	0.47	0.52	-0.43	-0.6	0.52	0.52	0.58	0.63	0.76	0.65	0.64	0.26	0.65	0.54	0.51	-0.25	0.55	0.54		-0.25	0.24	0.44	0.24
Net Tangible Assets	0.2	0.71	-0.21	0.38	-0.56	0.0	0.57	0.03	0.03	0.14	-0.48	-0.17	0.03	-0.37	-0.22	-0.15	0.33	-0.4	0.27	-0.35	-0.02	-0.25		0.17	-0.49	0.72
Inventory	0.45	-0.22	0.26	0.53	0.07	0.04	-0.32	0.0	0.0	0.44	0.34	0.21	0.27	0.41	0.15	0.44	0.56	0.4	-0.38	0.4	0.6	0.24	0.17		0.16	0.11
Other Current Assets	0.49	-0.17	0.62	0.38	0.89	-0.49	-0.73	0.5	0.5	0.4	0.65	0.62	0.59	0.68	0.75	0.53	0.39	0.88	-0.35	0.65	0.3	0.44	-0.49	0.16		-0.11
Property Plant Equipment	0.66	0.63	0.4	0.71	-0.09	-0.15	0.13	0.36	0.36	0.7	-0.08	0.43	0.52	0.08	-0.06	0.34	0.72	-0.1	-0.09	0.08	0.46	0.24	0.72	0.11	-0.11

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Snipp Interactive Account Relationship Matchups

Snipp Interactive fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	6.8M	6.3M	7.5M	15.5M	13.4M	9.6M
Other Current Liab	49.3K	19.5K	3.2K	34.3K	58.3K	55.4K
Total Current Liabilities	4.4M	4.8M	3.9M	6.2M	6.5M	4.0M
Total Stockholder Equity	2.4M	1.5M	3.6M	9.3M	6.4M	5.2M
Current Deferred Revenue	1.8M	1.7M	1.9M	2.8M	3.7M	3.9M
Net Debt	(848.7K)	(1.6M)	(1.7M)	(5.6M)	(2.4M)	(2.5M)
Retained Earnings	(31.5M)	(32.8M)	(30.7M)	(33.5M)	(36.9M)	(35.1M)
Cash	848.7K	1.9M	1.7M	5.6M	2.9M	2.1M
Cash And Short Term Investments	848.7K	1.9M	1.7M	5.6M	2.9M	2.1M
Net Receivables	2.1M	1.2M	2.2M	2.5M	2.1M	2.1M
Common Stock Shares Outstanding	226.2M	229.3M	248.6M	271.9M	282.3M	169.6M
Liabilities And Stockholders Equity	6.8M	6.3M	7.5M	15.5M	13.4M	9.6M
Total Liab	4.4M	4.8M	3.9M	6.2M	7.0M	4.3M
Total Current Assets	3.4M	3.6M	4.9M	9.1M	6.5M	4.7M
Accumulated Other Comprehensive Income	(1.3M)	(1.1M)	(1.3M)	(1.7M)	5.2M	5.5M
Property Plant And Equipment Net	21.8K	17.5K	19.1K	22.1K	560.6K	588.6K
Accounts Payable	2.5M	2.7M	2.0M	3.3M	2.7M	2.2M
Non Current Assets Total	3.4M	2.7M	2.6M	6.4M	7.0M	5.3M
Short Term Investments	435.6K	421.0K	908.7K	805.9K	1.2M	1.3M
Other Stockholder Equity	5.7M	5.8M	5.9M	6.5M	7.5M	4.7M
Intangible Assets	3.4M	2.7M	2.2M	2.6M	2.8M	2.9M
Net Tangible Assets	285.5K	1.2M	(983.7K)	(1.2M)	(1.1M)	(1.0M)
Property Plant Equipment	66.3K	43.4K	21.8K	17.5K	15.8K	15.0K
Non Currrent Assets Other	(3.4M)	(2.7M)	300K	240.5K	67.9K	64.5K
Net Invested Capital	2.4M	1.8M	3.6M	9.3M	6.4M	4.9M
Net Working Capital	(1.0M)	(1.2M)	999.5K	2.9M	(33.1K)	(31.4K)

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