Banc Of financial indicator trend analysis is way more than just evaluating Banc of California prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Banc of California is a good investment. Please check the relationship between Banc Of Total Current Assets and its Total Current Liabilities accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Banc of California. 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.
Total Current Assets vs Total Current Liabilities
Total Current Assets vs Total Current Liabilities Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Banc of California Total Current Assets account and Total Current Liabilities. At this time, the significance of the direction appears to have totally related.
The correlation between Banc Of's Total Current Assets and Total Current Liabilities is 0.99. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of Banc of California, assuming nothing else is changed. The correlation between historical values of Banc Of's Total Current Assets 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 Total Current Assets of Banc of California 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 Total Current Assets i.e., Banc Of's Total Current Assets and Total Current Liabilities go up and down completely randomly.
The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.
Total Current Liabilities
Total Current Liabilities is an item on Banc Of balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Banc of California 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 Banc Of's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Banc of California 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 Banc of California. 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.
Balance Sheet is a snapshot of the financial position of Banc of California at a specified time, usually calculated after every quarter, six months, or one year. Banc Of Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Banc Of 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 Banc currently owns. An asset can also be divided into two categories, current and non-current.