SWX Stock | | | USD 78.16 0.14 0.18% |
Southwest Gas financial indicator trend analysis is much more than just breaking down Southwest Gas Holdings prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Southwest Gas Holdings is a good investment. Please check the relationship between Southwest Gas Other Liab and its Total Current Liabilities accounts. Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in Southwest Gas Holdings. 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.
Other Liab vs Total Current Liabilities
Other Liab vs Total Current Liabilities Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Southwest Gas Holdings Other Liab account and
Total Current Liabilities. At this time, the significance of the direction appears to have weak relationship.
The correlation between Southwest Gas' Other Liab and Total Current Liabilities is 0.3. Overlapping area represents the amount of variation of Other Liab that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of Southwest Gas Holdings, assuming nothing else is changed. The correlation between historical values of Southwest Gas' Other Liab 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 Other Liab of Southwest Gas Holdings 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 Other Liab i.e., Southwest Gas' Other Liab and Total Current Liabilities go up and down completely randomly.
Correlation Coefficient | 0.3 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Other Liab
Total Current Liabilities
Total Current Liabilities is an item on Southwest Gas balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Southwest Gas Holdings 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 Southwest Gas' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Southwest Gas Holdings 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 Southwest Gas Holdings. 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.
Issuance Of Capital Stock is likely to rise to about 289.5
M in 2024, whereas
Selling General Administrative is likely to drop slightly above 143.4
K in 2024.
Southwest Gas fundamental ratios Correlations
Click cells to compare fundamentals
Southwest Gas Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Southwest Gas fundamental ratios Accounts
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Additional Tools for Southwest Stock Analysis
When running Southwest Gas' price analysis, check to
measure Southwest Gas' 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 Southwest Gas is operating at the current time. Most of Southwest Gas' value examination focuses on studying past and present price action to
predict the probability of Southwest Gas' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Southwest Gas' price. Additionally, you may evaluate how the addition of Southwest Gas to your portfolios can decrease your overall portfolio volatility.