Cactus Total Current Assets vs Retained Earnings Analysis
| CCTS Stock | USD 11.39 0.00 0.00% |
Cactus Acquisition financial indicator trend analysis is way more than just evaluating Cactus Acquisition Corp prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Cactus Acquisition Corp is a good investment. Please check the relationship between Cactus Acquisition Total Current Assets and its Retained Earnings accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cactus Acquisition Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.
Total Current Assets vs Retained Earnings
Total Current Assets vs Retained Earnings Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Cactus Acquisition Corp Total Current Assets account and Retained Earnings. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Cactus Acquisition's Total Current Assets and Retained Earnings is 0.98. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Retained Earnings in the same time period over historical financial statements of Cactus Acquisition Corp, assuming nothing else is changed. The correlation between historical values of Cactus Acquisition's Total Current Assets and Retained Earnings 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 Cactus Acquisition Corp are associated (or correlated) with its Retained Earnings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Retained Earnings has no effect on the direction of Total Current Assets i.e., Cactus Acquisition's Total Current Assets and Retained Earnings go up and down completely randomly.
Correlation Coefficient | 0.98 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Total Current Assets
The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.Retained Earnings
The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.Most indicators from Cactus Acquisition's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Cactus Acquisition Corp 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 Cactus Acquisition Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate. Enterprise Value Over EBITDA is likely to drop to 48.92 in 2024. Enterprise Value Multiple is likely to drop to 48.92 in 2024
| 2010 | 2023 | 2024 (projected) | Interest Income | 1.9M | 3.5M | 2.9M | Net Interest Income | 1.9M | 3.5M | 2.9M |
Cactus Acquisition fundamental ratios Correlations
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Cactus Acquisition Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Thematic Opportunities
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