G-bits Good Will vs Deferred Long Term Liab Analysis

603444 Stock   206.49  1.49  0.73%   
G-bits Network financial indicator trend analysis is much more than just examining G bits Network latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether G bits Network is a good investment. Please check the relationship between G-bits Network Good Will and its Deferred Long Term Liab accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in G bits Network Technology. 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.

Good Will vs Deferred Long Term Liab

Good Will vs Deferred Long Term Liab Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of G bits Network Good Will account and Deferred Long Term Liab. At this time, the significance of the direction appears to have almost no relationship.
The correlation between G-bits Network's Good Will and Deferred Long Term Liab is 0.13. Overlapping area represents the amount of variation of Good Will that can explain the historical movement of Deferred Long Term Liab in the same time period over historical financial statements of G bits Network Technology, assuming nothing else is changed. The correlation between historical values of G-bits Network's Good Will and Deferred Long Term Liab is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Good Will of G bits Network Technology are associated (or correlated) with its Deferred Long Term Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Deferred Long Term Liab has no effect on the direction of Good Will i.e., G-bits Network's Good Will and Deferred Long Term Liab go up and down completely randomly.

Correlation Coefficient

0.13
Relationship DirectionPositive 
Relationship StrengthInsignificant

Good Will

An intangible asset that arises when a company acquires another business for more than the fair market value of its net identifiable assets, representing the value of the brand, customer base, and other intangible factors.

Deferred Long Term Liab

Liabilities that are due after more than one year, including deferred tax liabilities and deferred revenue.
Most indicators from G-bits Network's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into G bits Network 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 G bits Network Technology. 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 Selling General Administrative is expected to grow to about 1.1 B. The current year's Tax Provision is expected to grow to about 239.5 M
 2021 2022 2023 2024 (projected)
Operating Income1.8B2.2B1.6B980.5M
Total Revenue4.6B5.2B4.2B4.4B

G-bits Network fundamental ratios Correlations

0.490.971.00.820.990.890.760.020.880.680.980.510.60.890.730.990.370.630.880.910.980.910.950.20.85
0.490.490.510.130.540.40.310.240.560.70.52-0.440.180.380.120.4-0.350.470.330.460.490.460.320.190.71
0.970.490.950.810.950.910.71-0.050.840.581.00.510.530.80.830.950.290.490.820.820.950.820.930.130.81
1.00.510.950.790.990.860.770.070.90.710.950.490.610.90.680.990.370.680.890.920.980.920.930.240.86
0.820.130.810.790.810.790.62-0.40.550.450.810.740.490.820.870.850.640.460.860.660.830.660.92-0.090.72
0.990.540.950.990.810.860.76-0.020.870.720.960.460.550.890.690.980.360.680.890.910.970.910.940.210.88
0.890.40.910.860.790.860.5-0.050.70.430.90.480.510.710.780.870.330.40.650.630.890.630.82-0.130.68
0.760.310.710.770.620.760.50.140.830.520.710.540.530.70.550.780.420.610.860.810.780.810.750.720.67
0.020.24-0.050.07-0.4-0.02-0.050.140.40.09-0.05-0.190.220.01-0.350.0-0.220.15-0.130.130.090.13-0.250.46-0.05
0.880.560.840.90.550.870.70.830.40.70.840.380.570.810.50.860.20.690.80.850.890.850.760.520.74
0.680.70.580.710.450.720.430.520.090.70.610.00.350.810.170.63-0.050.920.730.740.650.740.620.260.84
0.980.521.00.950.810.960.90.71-0.050.840.610.480.530.820.820.950.270.520.830.840.960.840.940.130.84
0.51-0.440.510.490.740.460.480.54-0.190.380.00.480.350.550.690.590.740.180.610.430.540.430.640.060.22
0.60.180.530.610.490.550.510.530.220.570.350.530.350.590.380.630.450.420.560.580.620.580.550.20.45
0.890.380.80.90.820.890.710.70.010.810.810.820.550.590.570.90.440.820.940.860.90.860.890.170.85
0.730.120.830.680.870.690.780.55-0.350.50.170.820.690.380.570.740.460.090.650.510.740.510.82-0.10.57
0.990.40.950.990.850.980.870.780.00.860.630.950.590.630.90.740.470.630.90.910.980.910.960.20.82
0.37-0.350.290.370.640.360.330.42-0.220.2-0.050.270.740.450.440.460.470.130.50.320.410.320.470.00.18
0.630.470.490.680.460.680.40.610.150.690.920.520.180.420.820.090.630.130.760.710.640.710.60.390.71
0.880.330.820.890.860.890.650.86-0.130.80.730.830.610.560.940.650.90.50.760.870.880.870.940.350.83
0.910.460.820.920.660.910.630.810.130.850.740.840.430.580.860.510.910.320.710.870.871.00.850.420.84
0.980.490.950.980.830.970.890.780.090.890.650.960.540.620.90.740.980.410.640.880.870.870.920.20.86
0.910.460.820.920.660.910.630.810.130.850.740.840.430.580.860.510.910.320.710.871.00.870.850.420.84
0.950.320.930.930.920.940.820.75-0.250.760.620.940.640.550.890.820.960.470.60.940.850.920.850.130.82
0.20.190.130.24-0.090.21-0.130.720.460.520.260.130.060.20.17-0.10.20.00.390.350.420.20.420.130.17
0.850.710.810.860.720.880.680.67-0.050.740.840.840.220.450.850.570.820.180.710.830.840.860.840.820.17
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G-bits Network Account Relationship Matchups

G-bits Network fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets4.4B5.4B7.1B6.5B6.6B3.6B
Other Current Liab509.5M614.8M1.1B25.9M13.7M13.0M
Total Current Liabilities803.2M971.9M1.8B1.7B1.3B776.7M
Total Stockholder Equity3.1B3.8B4.6B4.0B4.5B2.4B
Other Liab22.5M95.2M161.1M215.4M247.8M260.2M
Retained Earnings1.9B2.6B3.2B2.5B2.9B1.5B
Cash803.7M2.1B2.9B2.6B2.4B1.3B
Other Assets595.3M145.3M237.4M325.9M374.7M393.5M
Net Receivables247.1M195.5M294.2M264.7M238.8M178.9M
Other Current Assets124.2M117.3M80.4M34.6M23.3M42.7M
Total Liab933.7M1.1B2.0B1.8B1.4B859.4M
Intangible Assets13.3M7.3M2.3M72.1M69.8M73.3M
Property Plant Equipment504.1M984.9M866.0M723.1M831.5M873.1M
Accounts Payable2.1M6.9M280.7M282.2M188.8M198.3M
Net Tangible Assets2.9B3.1B3.8B4.6B5.3B3.0B
Deferred Long Term Liab16.4M18.9M24.8M6.9M7.9M12.4M
Total Current Assets2.5B3.3B4.4B3.6B3.8B3.1B
Non Current Assets Total1.9B2.1B2.7B2.9B2.8B2.1B
Non Currrent Assets Other31.2M30.4M252.0K40.6M46.1M81.7M
Non Current Liabilities Total130.5M168.1M217.6M90.3M86.3M121.1M
Short Term Investments1.3B678.0M1.0B629.6M1.1B867.2M
Other Stockholder Equity11.3M4.7M(8.1M)(14.0M)(12.6M)(12.0M)
Net Invested Capital3.1B3.8B4.6B4.0B4.5B4.0B
Non Current Liabilities Other39.1M130.1M213.5M82.5M57.3M106.3M
Net Working Capital1.7B2.3B2.5B1.9B2.5B2.3B

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Other Information on Investing in G-bits Stock

Balance Sheet is a snapshot of the financial position of G bits Network at a specified time, usually calculated after every quarter, six months, or one year. G-bits Network Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of G-bits Network 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 G-bits currently owns. An asset can also be divided into two categories, current and non-current.