Marssenger Total Current Liabilities vs Intangible Assets Analysis
300894 Stock | 15.43 0.77 5.25% |
Marssenger Kitchenware financial indicator trend analysis is infinitely more than just investigating Marssenger Kitchenware recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Marssenger Kitchenware is a good investment. Please check the relationship between Marssenger Kitchenware Total Current Liabilities and its Intangible Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Marssenger Kitchenware Co. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.
Total Current Liabilities vs Intangible Assets
Total Current Liabilities vs Intangible Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Marssenger Kitchenware Total Current Liabilities account and Intangible Assets. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Marssenger Kitchenware's Total Current Liabilities and Intangible Assets is 0.89. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Intangible Assets in the same time period over historical financial statements of Marssenger Kitchenware Co, assuming nothing else is changed. The correlation between historical values of Marssenger Kitchenware's Total Current Liabilities and Intangible Assets 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 Current Liabilities of Marssenger Kitchenware Co are associated (or correlated) with its Intangible Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Intangible Assets has no effect on the direction of Total Current Liabilities i.e., Marssenger Kitchenware's Total Current Liabilities and Intangible Assets go up and down completely randomly.
Correlation Coefficient | 0.89 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Total Current Liabilities
Total Current Liabilities is an item on Marssenger Kitchenware balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Marssenger Kitchenware Co 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.Intangible Assets
Non-physical assets possessed by a company, such as patents, trademarks, and copyrights, which provide long-term value.Most indicators from Marssenger Kitchenware's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Marssenger Kitchenware 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Marssenger Kitchenware Co. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation. The current year's Tax Provision is expected to grow to about 33.8 M, whereas Selling General Administrative is forecasted to decline to about 536.4 M.
2021 | 2022 | 2023 | 2024 (projected) | Net Interest Income | 18.8M | 20.6M | 25.8M | 16.2M | Tax Provision | 60.1M | 38.3M | 28.4M | 33.8M |
Marssenger Kitchenware fundamental ratios Correlations
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Marssenger Kitchenware Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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Balance Sheet is a snapshot of the financial position of Marssenger Kitchenware at a specified time, usually calculated after every quarter, six months, or one year. Marssenger Kitchenware Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Marssenger Kitchenware 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 Marssenger currently owns. An asset can also be divided into two categories, current and non-current.