TLGY Cash vs Accounts Payable Analysis
| TLGY Stock | USD 11.64 0.00 0.00% |
TLGY Acquisition financial indicator trend analysis is much more than just breaking down TLGY Acquisition Corp prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether TLGY Acquisition Corp is a good investment. Please check the relationship between TLGY Acquisition Cash and its Accounts Payable accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in TLGY Acquisition Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.
Cash vs Accounts Payable
Cash vs Accounts Payable Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of TLGY Acquisition Corp Cash account and Accounts Payable. At this time, the significance of the direction appears to have pay attention.
The correlation between TLGY Acquisition's Cash and Accounts Payable is -0.97. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of TLGY Acquisition Corp, assuming nothing else is changed. The correlation between historical values of TLGY Acquisition's Cash and Accounts Payable is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash of TLGY Acquisition Corp are associated (or correlated) with its Accounts Payable. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Accounts Payable has no effect on the direction of Cash i.e., TLGY Acquisition's Cash and Accounts Payable go up and down completely randomly.
Correlation Coefficient | -0.97 |
| Relationship Direction | Negative |
| Relationship Strength | Significant |
Cash
Cash refers to the most liquid asset of TLGY Acquisition Corp, which is listed under current asset account on TLGY Acquisition Corp balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from TLGY Acquisition customers. The amounts must be unrestricted with restricted cash listed in a different TLGY Acquisition 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.Accounts Payable
An accounting item on the balance sheet that represents TLGY Acquisition obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of TLGY Acquisition Corp are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.Most indicators from TLGY Acquisition's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into TLGY Acquisition Corp 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 TLGY Acquisition Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price. Selling General Administrative is likely to drop to about 1.4 M in 2024. Enterprise Value Over EBITDA is likely to drop to 25.00 in 2024
| 2010 | 2022 | 2023 | 2024 (projected) | Income Before Tax | 2.2M | 11.6M | 4.7M | 6.8M | Total Operating Expenses | 831.4K | 1.4M | 1.7M | 1.4M |
TLGY Acquisition fundamental ratios Correlations
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TLGY Acquisition Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for TLGY Stock Analysis
When running TLGY Acquisition's price analysis, check to measure TLGY Acquisition'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 TLGY Acquisition is operating at the current time. Most of TLGY Acquisition's value examination focuses on studying past and present price action to predict the probability of TLGY Acquisition's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move TLGY Acquisition's price. Additionally, you may evaluate how the addition of TLGY Acquisition to your portfolios can decrease your overall portfolio volatility.