Velan Short Long Term Debt Total vs Total Current Liabilities Analysis

VLN Stock

CAD 10.35 0.15 1.43%

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

Short Long Term Debt Total vs Total Current Liabilities Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Velan Inc Short Long Term Debt Total account and Total Current Liabilities. At this time, the significance of the direction appears to have strong relationship.

The correlation between Velan's Short Long Term Debt Total and Total Current Liabilities is 0.72. Overlapping area represents the amount of variation of Short Long Term Debt Total that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of Velan Inc, assuming nothing else is changed. The correlation between historical values of Velan's Short Long Term Debt Total 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 Short Long Term Debt Total of Velan Inc 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 Short Long Term Debt Total i.e., Velan's Short Long Term Debt Total and Total Current Liabilities go up and down completely randomly.

Correlation Coefficient

0.72

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Short Long Term Debt Total

Total Current Liabilities

Total Current Liabilities is an item on Velan balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Velan Inc 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 Velan's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Velan Inc 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 Velan Inc. 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.

At this time, Velan's Tax Provision is very stable compared to the past year. As of the 4th of December 2024, Enterprise Value is likely to grow to about 283.6 M, while Selling General Administrative is likely to drop about 71.2 M.

	2021	2022	2023	2024 (projected)
Interest Expense	2.8M	2.0M	6.8M	7.1M
Depreciation And Amortization	11.6M	10.7M	11.2M	11.2M

Interest Expense Depreciation And Amortization

Velan 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	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Short Term Investments
Total Assets		0.6	0.76	0.94	0.86	0.95	0.9	-0.2	0.88	0.33	0.75	0.95	0.12	0.38	0.77	0.83	-0.43	-0.09	0.89	0.63	-0.9	0.81	0.18	0.99	0.59	-0.92
Short Long Term Debt Total	0.6		0.33	0.72	0.35	0.51	0.78	0.52	0.3	0.41	0.23	0.66	0.43	0.55	0.21	0.6	-0.07	-0.01	0.58	0.49	-0.36	0.68	0.31	0.56	0.59	-0.4
Other Current Liab	0.76	0.33		0.62	0.79	0.87	0.62	-0.48	0.82	-0.03	0.8	0.83	-0.16	0.47	0.81	0.72	-0.22	-0.24	0.49	0.38	-0.65	0.48	0.14	0.71	0.14	-0.73
Total Current Liabilities	0.94	0.72	0.62		0.8	0.86	0.96	-0.07	0.77	0.28	0.7	0.92	0.39	0.35	0.71	0.74	-0.29	-0.22	0.85	0.54	-0.75	0.77	0.02	0.92	0.81	-0.78
Total Stockholder Equity	0.86	0.35	0.79	0.8		0.93	0.78	-0.51	0.98	-0.08	0.94	0.9	0.06	0.27	0.95	0.7	-0.28	-0.42	0.59	0.39	-0.73	0.4	-0.14	0.81	0.51	-0.79
Property Plant And Equipment Net	0.95	0.51	0.87	0.86	0.93		0.84	-0.35	0.95	0.16	0.84	0.97	-0.04	0.47	0.85	0.83	-0.39	-0.21	0.72	0.57	-0.85	0.65	0.12	0.91	0.45	-0.91
Current Deferred Revenue	0.9	0.78	0.62	0.96	0.78	0.84		-0.05	0.74	0.18	0.7	0.91	0.42	0.31	0.69	0.69	-0.14	-0.3	0.8	0.41	-0.66	0.72	0.01	0.87	0.73	-0.69
Net Debt	-0.2	0.52	-0.48	-0.07	-0.51	-0.35	-0.05		-0.54	0.6	-0.67	-0.23	0.17	0.34	-0.67	0.0	-0.12	0.54	0.03	0.31	0.17	0.23	0.54	-0.18	0.07	0.25
Retained Earnings	0.88	0.3	0.82	0.77	0.98	0.95	0.74	-0.54		-0.03	0.9	0.89	-0.1	0.28	0.91	0.75	-0.33	-0.35	0.62	0.45	-0.81	0.46	-0.06	0.84	0.41	-0.85
Accounts Payable	0.33	0.41	-0.03	0.28	-0.08	0.16	0.18	0.6	-0.03		-0.25	0.15	-0.08	0.45	-0.21	0.35	-0.74	0.84	0.57	0.75	-0.52	0.69	0.8	0.4	0.16	-0.41
Cash	0.75	0.23	0.8	0.7	0.94	0.84	0.7	-0.67	0.9	-0.25		0.84	0.16	0.16	0.99	0.51	-0.11	-0.52	0.45	0.16	-0.56	0.28	-0.28	0.69	0.44	-0.67
Non Current Assets Total	0.95	0.66	0.83	0.92	0.9	0.97	0.91	-0.23	0.89	0.15	0.84		0.15	0.51	0.84	0.81	-0.3	-0.27	0.72	0.55	-0.77	0.67	0.07	0.89	0.59	-0.84
Non Currrent Assets Other	0.12	0.43	-0.16	0.39	0.06	-0.04	0.42	0.17	-0.1	-0.08	0.16	0.15		-0.25	0.13	-0.21	0.37	-0.33	0.23	-0.31	0.22	0.14	-0.35	0.11	0.65	0.2
Other Assets	0.38	0.55	0.47	0.35	0.27	0.47	0.31	0.34	0.28	0.45	0.16	0.51	-0.25		0.17	0.59	-0.52	0.25	0.19	0.73	-0.41	0.39	0.55	0.32	0.12	-0.44
Cash And Short Term Investments	0.77	0.21	0.81	0.71	0.95	0.85	0.69	-0.67	0.91	-0.21	0.99	0.84	0.13	0.17		0.53	-0.18	-0.48	0.49	0.2	-0.61	0.29	-0.23	0.71	0.42	-0.69
Net Receivables	0.83	0.6	0.72	0.74	0.7	0.83	0.69	0.0	0.75	0.35	0.51	0.81	-0.21	0.59	0.53		-0.46	0.01	0.64	0.8	-0.83	0.7	0.3	0.81	0.41	-0.85
Common Stock Shares Outstanding	-0.43	-0.07	-0.22	-0.29	-0.28	-0.39	-0.14	-0.12	-0.33	-0.74	-0.11	-0.3	0.37	-0.52	-0.18	-0.46		-0.66	-0.45	-0.81	0.72	-0.45	-0.62	-0.47	-0.09	0.61
Non Current Liabilities Total	-0.09	-0.01	-0.24	-0.22	-0.42	-0.21	-0.3	0.54	-0.35	0.84	-0.52	-0.27	-0.33	0.25	-0.48	0.01	-0.66		0.18	0.48	-0.22	0.32	0.85	-0.01	-0.34	-0.11
Inventory	0.89	0.58	0.49	0.85	0.59	0.72	0.8	0.03	0.62	0.57	0.45	0.72	0.23	0.19	0.49	0.64	-0.45	0.18		0.58	-0.83	0.92	0.34	0.93	0.55	-0.78
Other Current Assets	0.63	0.49	0.38	0.54	0.39	0.57	0.41	0.31	0.45	0.75	0.16	0.55	-0.31	0.73	0.2	0.8	-0.81	0.48	0.58		-0.8	0.69	0.6	0.64	0.32	-0.76
Other Stockholder Equity	-0.9	-0.36	-0.65	-0.75	-0.73	-0.85	-0.66	0.17	-0.81	-0.52	-0.56	-0.77	0.22	-0.41	-0.61	-0.83	0.72	-0.22	-0.83	-0.8		-0.78	-0.38	-0.92	-0.37	0.97
Total Liab	0.81	0.68	0.48	0.77	0.4	0.65	0.72	0.23	0.46	0.69	0.28	0.67	0.14	0.39	0.29	0.7	-0.45	0.32	0.92	0.69	-0.78		0.49	0.85	0.47	-0.75
Property Plant And Equipment Gross	0.18	0.31	0.14	0.02	-0.14	0.12	0.01	0.54	-0.06	0.8	-0.28	0.07	-0.35	0.55	-0.23	0.3	-0.62	0.85	0.34	0.6	-0.38	0.49		0.22	-0.33	-0.29
Total Current Assets	0.99	0.56	0.71	0.92	0.81	0.91	0.87	-0.18	0.84	0.4	0.69	0.89	0.11	0.32	0.71	0.81	-0.47	-0.01	0.93	0.64	-0.92	0.85	0.22		0.57	-0.92
Short Term Debt	0.59	0.59	0.14	0.81	0.51	0.45	0.73	0.07	0.41	0.16	0.44	0.59	0.65	0.12	0.42	0.41	-0.09	-0.34	0.55	0.32	-0.37	0.47	-0.33	0.57		-0.39
Short Term Investments	-0.92	-0.4	-0.73	-0.78	-0.79	-0.91	-0.69	0.25	-0.85	-0.41	-0.67	-0.84	0.2	-0.44	-0.69	-0.85	0.61	-0.11	-0.78	-0.76	0.97	-0.75	-0.29	-0.92	-0.39

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Velan Account Relationship Matchups

Pair Trading with Velan

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Velan position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Velan will appreciate offsetting losses from the drop in the long position's value.

Moving together with Velan Stock

0.67	WMT	Walmart Inc CDR	Pair Corr
0.72	AMZN	Amazon CDR	Pair Corr
0.7	UPS	UPS CDR	Pair Corr
0.65	HD	HOME DEPOT CDR	Pair Corr

The ability to find closely correlated positions to Velan could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Velan when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Velan - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Velan Inc to buy it.

The correlation of Velan is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Velan moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Velan Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Velan can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

Other Information on Investing in Velan Stock

Balance Sheet is a snapshot of the financial position of Velan Inc at a specified time, usually calculated after every quarter, six months, or one year. Velan Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Velan and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Velan currently owns. An asset can also be divided into two categories, current and non-current.

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Velan Short Long Term Debt Total vs Total Current Liabilities Analysis

Short Long Term Debt Total vs Total Current Liabilities

Short Long Term Debt Total vs Total Current Liabilities Correlation Analysis

Correlation Coefficient

Short Long Term Debt Total

Total Current Liabilities

Velan fundamental ratios Correlations

Velan Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Pair Trading with Velan

Moving together with Velan Stock

Other Information on Investing in Velan Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Current Assets	+ 0.99	Total Assets
Cash And Short Term Investments	+ 0.99	Cash
Retained Earnings	+ 0.98	Total Stockholder Equity
Non Current Assets Total	+ 0.97	Property Plant And Equipment Net
Short Term Investments	+ 0.97	Other Stockholder Equity
Current Deferred Revenue	+ 0.96	Total Current Liabilities

Short Term Investments	- 0.92	Total Current Assets
Total Current Assets	- 0.92	Other Stockholder Equity
Short Term Investments	- 0.92	Total Assets
Short Term Investments	- 0.91	Property Plant And Equipment Net
Other Stockholder Equity	- 0.9	Total Assets
Short Term Investments	- 0.85	Net Receivables