Vitreous Short Long Term Debt Total vs Current Deferred Revenue Analysis

VCI Stock

CAD 5.25 0.02 0.38%

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

Short Long Term Debt Total vs Current Deferred Revenue

Short Long Term Debt Total vs Current Deferred Revenue Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Vitreous Glass Short Long Term Debt Total account and Current Deferred Revenue. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Vitreous Glass' Short Long Term Debt Total and Current Deferred Revenue is 0.96. Overlapping area represents the amount of variation of Short Long Term Debt Total that can explain the historical movement of Current Deferred Revenue in the same time period over historical financial statements of Vitreous Glass, assuming nothing else is changed. The correlation between historical values of Vitreous Glass' Short Long Term Debt Total and Current Deferred Revenue 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 Long Term Debt Total of Vitreous Glass are associated (or correlated) with its Current Deferred Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Current Deferred Revenue has no effect on the direction of Short Long Term Debt Total i.e., Vitreous Glass' Short Long Term Debt Total and Current Deferred Revenue go up and down completely randomly.

Correlation Coefficient

0.96

Relationship Direction	Positive
Relationship Strength	Very Strong

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Short Long Term Debt Total

Current Deferred Revenue

Revenue that has been collected but not yet earned, typically from prepaid service contracts or subscriptions. This amount is considered a liability until the service is provided or the subscription period ends.

Most indicators from Vitreous Glass' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Vitreous Glass 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 Vitreous Glass. 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.

Enterprise Value is likely to climb to about 29.8 M in 2024, whereas Selling General Administrative is likely to drop slightly above 1.3 M in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	4.4M	5.1M	5.8M	3.3M
Total Revenue	9.6M	10.2M	11.7M	8.9M

Gross Profit Total Revenue

Vitreous Glass fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Non Current Assets Total	Non Currrent Assets Other	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Cash	Cash And Short Term Investments	Other Current Assets	Intangible Assets	Other Liab	Net Tangible Assets
Total Assets		-0.67	0.58	0.6	0.87	0.51	-0.54	-0.1	0.91	0.38	0.38	0.91	0.75	0.39	-0.41	0.24	0.49	-0.04	0.56	-0.43	-0.33	-0.33	0.54	0.21	0.37	0.44
Short Long Term Debt Total	-0.67		-0.73	-0.76	-0.87	0.13	0.96	0.73	-0.65	-0.4	0.28	-0.66	-0.27	-0.89	0.87	-0.57	0.22	0.48	-0.93	0.86	-0.33	-0.33	-0.23	0.14	0.3	0.34
Other Current Liab	0.58	-0.73		0.75	0.61	-0.21	-0.65	-0.39	0.44	0.13	-0.32	0.57	0.61	0.6	-0.79	0.26	-0.05	-0.39	0.78	-0.75	-0.01	-0.01	0.43	0.13	-0.27	-0.14
Total Current Liabilities	0.6	-0.76	0.75		0.73	0.04	-0.8	-0.43	0.66	0.73	-0.07	0.4	0.42	0.56	-0.59	0.49	-0.01	0.06	0.73	-0.69	0.17	0.17	0.1	-0.38	-0.27	-0.29
Total Stockholder Equity	0.87	-0.87	0.61	0.73		0.3	-0.85	-0.43	0.92	0.5	0.16	0.83	0.5	0.72	-0.59	0.39	0.2	-0.16	0.78	-0.66	0.07	0.07	0.37	-0.19	0.1	0.03
Property Plant And Equipment Net	0.51	0.13	-0.21	0.04	0.3		0.15	0.6	0.62	0.29	0.99	0.42	0.45	-0.39	0.52	-0.19	0.82	0.67	-0.35	0.43	-0.63	-0.63	0.37	-0.03	0.84	0.72
Current Deferred Revenue	-0.54	0.96	-0.65	-0.8	-0.85	0.15		0.76	-0.62	-0.51	0.29	-0.53	-0.13	-0.9	0.8	-0.54	0.3	0.37	-0.91	0.86	-0.48	-0.48	-0.12	0.42	0.36	0.5
Net Debt	-0.1	0.73	-0.39	-0.43	-0.43	0.6	0.76		-0.11	-0.22	0.69	-0.12	0.35	-0.81	0.76	-0.39	0.73	0.61	-0.78	0.82	-0.85	-0.85	0.19	0.29	0.64	0.72
Retained Earnings	0.91	-0.65	0.44	0.66	0.92	0.62	-0.62	-0.11		0.56	0.51	0.81	0.61	0.39	-0.28	0.22	0.48	0.16	0.5	-0.37	-0.2	-0.2	0.44	-0.17	0.37	0.3
Accounts Payable	0.38	-0.4	0.13	0.73	0.5	0.29	-0.51	-0.22	0.56		0.23	0.08	0.11	0.23	-0.1	0.45	0.08	0.45	0.33	-0.3	0.2	0.2	-0.23	-0.58	-0.1	-0.22
Non Current Assets Total	0.38	0.28	-0.32	-0.07	0.16	0.99	0.29	0.69	0.51	0.23		0.29	0.37	-0.51	0.64	-0.26	0.82	0.74	-0.48	0.55	-0.65	-0.65	0.3	-0.03	0.85	0.74
Non Currrent Assets Other	0.91	-0.66	0.57	0.4	0.83	0.42	-0.53	-0.12	0.81	0.08	0.29		0.69	0.48	-0.47	0.12	0.39	-0.27	0.55	-0.46	-0.33	-0.33	0.7	0.27	0.41	0.4
Net Receivables	0.75	-0.27	0.61	0.42	0.5	0.45	-0.13	0.35	0.61	0.11	0.37	0.69		0.03	-0.22	-0.05	0.68	0.06	0.26	-0.17	-0.72	-0.72	0.64	0.42	0.38	0.59
Common Stock Shares Outstanding	0.39	-0.89	0.6	0.56	0.72	-0.39	-0.9	-0.81	0.39	0.23	-0.51	0.48	0.03		-0.86	0.6	-0.39	-0.62	0.93	-0.84	0.54	0.54	0.01	-0.22	-0.43	-0.51
Non Current Liabilities Total	-0.41	0.87	-0.79	-0.59	-0.59	0.52	0.8	0.76	-0.28	-0.1	0.64	-0.47	-0.22	-0.86		-0.44	0.43	0.77	-0.92	0.91	-0.37	-0.37	-0.22	-0.08	0.57	0.47
Inventory	0.24	-0.57	0.26	0.49	0.39	-0.19	-0.54	-0.39	0.22	0.45	-0.26	0.12	-0.05	0.6	-0.44		-0.17	-0.16	0.53	-0.31	0.25	0.25	-0.43	-0.17	-0.38	-0.35
Other Stockholder Equity	0.49	0.22	-0.05	-0.01	0.2	0.82	0.3	0.73	0.48	0.08	0.82	0.39	0.68	-0.39	0.43	-0.17		0.53	-0.3	0.46	-0.81	-0.81	0.29	0.26	0.73	0.86
Total Liab	-0.04	0.48	-0.39	0.06	-0.16	0.67	0.37	0.61	0.16	0.45	0.74	-0.27	0.06	-0.62	0.77	-0.16	0.53		-0.56	0.59	-0.33	-0.33	-0.19	-0.39	0.48	0.35
Total Current Assets	0.56	-0.93	0.78	0.73	0.78	-0.35	-0.91	-0.78	0.5	0.33	-0.48	0.55	0.26	0.93	-0.92	0.53	-0.3	-0.56		-0.92	0.43	0.43	0.12	-0.12	-0.44	-0.4
Short Term Debt	-0.43	0.86	-0.75	-0.69	-0.66	0.43	0.86	0.82	-0.37	-0.3	0.55	-0.46	-0.17	-0.84	0.91	-0.31	0.46	0.59	-0.92		-0.49	-0.49	-0.22	0.13	0.48	0.5
Cash	-0.33	-0.33	-0.01	0.17	0.07	-0.63	-0.48	-0.85	-0.2	0.2	-0.65	-0.33	-0.72	0.54	-0.37	0.25	-0.81	-0.33	0.43	-0.49		1.0	-0.52	-0.57	-0.67	-0.83
Cash And Short Term Investments	-0.33	-0.33	-0.01	0.17	0.07	-0.63	-0.48	-0.85	-0.2	0.2	-0.65	-0.33	-0.72	0.54	-0.37	0.25	-0.81	-0.33	0.43	-0.49	1.0		-0.52	-0.57	-0.67	-0.83
Other Current Assets	0.54	-0.23	0.43	0.1	0.37	0.37	-0.12	0.19	0.44	-0.23	0.3	0.7	0.64	0.01	-0.22	-0.43	0.29	-0.19	0.12	-0.22	-0.52	-0.52		0.38	0.48	0.42
Intangible Assets	0.21	0.14	0.13	-0.38	-0.19	-0.03	0.42	0.29	-0.17	-0.58	-0.03	0.27	0.42	-0.22	-0.08	-0.17	0.26	-0.39	-0.12	0.13	-0.57	-0.57	0.38		0.25	0.59
Other Liab	0.37	0.3	-0.27	-0.27	0.1	0.84	0.36	0.64	0.37	-0.1	0.85	0.41	0.38	-0.43	0.57	-0.38	0.73	0.48	-0.44	0.48	-0.67	-0.67	0.48	0.25		0.83
Net Tangible Assets	0.44	0.34	-0.14	-0.29	0.03	0.72	0.5	0.72	0.3	-0.22	0.74	0.4	0.59	-0.51	0.47	-0.35	0.86	0.35	-0.4	0.5	-0.83	-0.83	0.42	0.59	0.83

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Vitreous Glass Account Relationship Matchups

Vitreous Glass fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	5.5M	5.1M	5.5M	5.4M	4.9M	5.2M
Other Current Liab	599.6K	446.2K	399.0K	510.3K	459.3K	441.2K
Total Current Liabilities	980.2K	734.2K	841.8K	857.6K	771.9K	1.1M
Total Stockholder Equity	4.2M	4.2M	4.3M	4.2M	4.8M	4.8M
Property Plant And Equipment Net	1.7M	1.7M	2.1M	2.1M	1.8M	2.8M
Net Debt	(1.4M)	(2.3M)	(1.6M)	(2.2M)	(2.0M)	(1.9M)
Retained Earnings	1.2M	1.1M	1.2M	1.1M	1.3M	2.0M
Accounts Payable	367.8K	269.2K	424.0K	326.7K	294.0K	557.1K
Non Current Assets Total	1.7M	1.7M	2.1M	2.1M	1.8M	2.9M
Net Receivables	1.3M	448.4K	561.9K	347.3K	312.6K	297.0K
Common Stock Shares Outstanding	6.3M	6.4M	6.5M	6.5M	7.4M	6.2M
Liabilities And Stockholders Equity	5.5M	5.1M	5.5M	5.4M	4.9M	5.2M
Non Current Liabilities Total	284.3K	251.5K	394.9K	400.7K	360.6K	585.3K
Inventory	905.3K	521.3K	1.0M	702.0K	807.3K	639.3K
Total Liab	1.3M	985.7K	1.2M	1.3M	1.1M	1.7M
Total Current Assets	3.8M	3.5M	3.4M	3.4M	3.9M	3.2M
Cash	1.5M	2.5M	1.7M	2.3M	2.6M	2.7M
Cash And Short Term Investments	1.5M	2.5M	1.7M	2.3M	2.6M	2.7M
Other Current Assets	40.8K	42.3K	56.1K	44.4K	51.0K	48.5K
Other Liab	183.2K	160.8K	151.8K	313.9K	282.5K	249.4K
Net Tangible Assets	3.8M	4.2M	4.2M	4.3M	3.8M	3.6M
Property Plant Equipment	1.7M	1.7M	1.7M	2.1M	1.9M	1.8M
Net Invested Capital	4.2M	4.2M	4.3M	4.2M	3.7M	3.4M
Net Working Capital	2.8M	2.7M	2.5M	2.5M	2.9M	2.8M

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