Global Net Working Capital vs Other Current Assets Analysis

Stocks . USA . 
Stock . Global Blockchain Acquisition
GBBKW Stock  USD 0.03  0.02  34.02%   
Global Blockchain financial indicator trend analysis is much more than just examining Global Blockchain latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Global Blockchain is a good investment. Please check the relationship between Global Blockchain Net Working Capital and its Other Current Assets accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Global Blockchain Acquisition. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in industry.

Net Working Capital vs Other Current Assets

Net Working Capital vs Other Current Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Global Blockchain Net Working Capital account and Other Current Assets. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Global Blockchain's Net Working Capital and Other Current Assets is -0.07. Overlapping area represents the amount of variation of Net Working Capital that can explain the historical movement of Other Current Assets in the same time period over historical financial statements of Global Blockchain Acquisition, assuming nothing else is changed. The correlation between historical values of Global Blockchain's Net Working Capital and Other Current 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 Net Working Capital of Global Blockchain Acquisition are associated (or correlated) with its Other Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Assets has no effect on the direction of Net Working Capital i.e., Global Blockchain's Net Working Capital and Other Current Assets go up and down completely randomly.

Correlation Coefficient

-0.07
Relationship DirectionNegative 
Relationship StrengthInsignificant

Net Working Capital

Other Current Assets

Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.
Most indicators from Global Blockchain's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Global Blockchain 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Global Blockchain Acquisition. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in industry.
Tax Provision is likely to drop to about 1 M in 2024. Selling General Administrative is likely to drop to about 606.9 K in 2024
 2010 2023 2024 (projected)
Net Interest Income2.5M6.7M5.1M
Tax Provision486.6K1.4M1.0M

Global Blockchain fundamental ratios Correlations

Total Assets
Short Long Term Debt Total
Other Current Liab
Total Current Liabilities
Total Stockholder Equity
Net Debt
Retained Earnings
Cash
Non Current Assets Total
Non Currrent Assets Other
Cash And Short Term Investments
Common Stock Shares Outstanding
Non Current Liabilities Total
Other Current Assets
Other Stockholder Equity
Total Liab
Net Invested Capital
Short Long Term Debt
Total Current Assets
Capital Stock
Net Working Capital
Short Term Debt
Common Stock
Net Receivables
Inventory
Total Assets
-0.080.180.181.0-0.920.40.791.01.00.790.75-0.190.95-0.480.181.0-0.080.951.00.2-0.081.00.09-0.08
Short Long Term Debt Total
-0.08-0.95-0.73-0.070.450.820.4-0.08-0.080.4-0.61-0.92-0.380.86-0.73-0.071.0-0.27-0.080.891.0-0.08-0.881.0
Other Current Liab
0.18-0.950.910.17-0.55-0.83-0.410.180.18-0.410.540.930.44-0.950.910.16-0.950.270.18-0.93-0.950.180.98-0.95
Total Current Liabilities
0.18-0.730.910.17-0.51-0.76-0.460.180.18-0.460.290.840.36-0.881.00.17-0.730.150.18-0.86-0.730.180.96-0.73
Total Stockholder Equity
1.0-0.070.170.17-0.920.420.81.01.00.80.74-0.20.95-0.470.171.0-0.070.951.00.21-0.071.00.08-0.07
Net Debt
-0.920.45-0.55-0.51-0.92-0.02-0.51-0.92-0.92-0.51-0.85-0.21-0.980.79-0.51-0.910.45-0.92-0.920.20.45-0.92-0.460.45
Retained Earnings
0.40.82-0.83-0.760.42-0.020.850.40.40.85-0.05-0.970.140.61-0.760.420.820.30.40.980.820.4-0.870.82
Cash
0.790.4-0.41-0.460.8-0.510.850.790.791.00.48-0.70.630.12-0.460.80.40.760.790.720.40.79-0.520.4
Non Current Assets Total
1.0-0.080.180.181.0-0.920.40.791.00.790.75-0.180.95-0.480.181.0-0.080.951.00.2-0.081.00.09-0.08
Non Currrent Assets Other
1.0-0.080.180.181.0-0.920.40.791.00.790.75-0.180.95-0.480.181.0-0.080.951.00.2-0.081.00.09-0.08
Cash And Short Term Investments
0.790.4-0.41-0.460.8-0.510.851.00.790.790.48-0.70.630.12-0.460.80.40.760.790.720.40.79-0.520.4
Common Stock Shares Outstanding
0.75-0.610.540.290.74-0.85-0.050.480.750.750.480.270.9-0.710.290.74-0.610.910.75-0.22-0.610.750.38-0.61
Non Current Liabilities Total
-0.19-0.920.930.84-0.2-0.21-0.97-0.7-0.18-0.18-0.70.270.09-0.770.84-0.2-0.92-0.07-0.18-1.0-0.92-0.180.95-0.92
Other Current Assets
0.95-0.380.440.360.95-0.980.140.630.950.950.630.90.09-0.70.360.95-0.380.970.95-0.07-0.380.950.33-0.38
Other Stockholder Equity
-0.480.86-0.95-0.88-0.470.790.610.12-0.48-0.480.12-0.71-0.77-0.7-0.88-0.470.86-0.54-0.480.760.86-0.48-0.910.86
Total Liab
0.18-0.730.911.00.17-0.51-0.76-0.460.180.18-0.460.290.840.36-0.880.17-0.730.150.18-0.86-0.730.180.96-0.73
Net Invested Capital
1.0-0.070.160.171.0-0.910.420.81.01.00.80.74-0.20.95-0.470.17-0.070.951.00.22-0.071.00.07-0.07
Short Long Term Debt
-0.081.0-0.95-0.73-0.070.450.820.4-0.08-0.080.4-0.61-0.92-0.380.86-0.73-0.07-0.27-0.080.891.0-0.08-0.881.0
Total Current Assets
0.95-0.270.270.150.95-0.920.30.760.950.950.760.91-0.070.97-0.540.150.95-0.270.950.1-0.270.950.14-0.27
Capital Stock
1.0-0.080.180.181.0-0.920.40.791.01.00.790.75-0.180.95-0.480.181.0-0.080.950.2-0.081.00.09-0.08
Net Working Capital
0.20.89-0.93-0.860.210.20.980.720.20.20.72-0.22-1.0-0.070.76-0.860.220.890.10.20.890.2-0.950.89
Short Term Debt
-0.081.0-0.95-0.73-0.070.450.820.4-0.08-0.080.4-0.61-0.92-0.380.86-0.73-0.071.0-0.27-0.080.89-0.08-0.881.0
Common Stock
1.0-0.080.180.181.0-0.920.40.791.01.00.790.75-0.180.95-0.480.181.0-0.080.951.00.2-0.080.09-0.08
Net Receivables
0.09-0.880.980.960.08-0.46-0.87-0.520.090.09-0.520.380.950.33-0.910.960.07-0.880.140.09-0.95-0.880.09-0.88
Inventory
-0.081.0-0.95-0.73-0.070.450.820.4-0.08-0.080.4-0.61-0.92-0.380.86-0.73-0.071.0-0.27-0.080.891.0-0.08-0.88
Click cells to compare fundamentals

Global Blockchain Account Relationship Matchups

High Positive Relationship

Total Stockholder Equity
+ 1.0
Total Assets
Non Current Assets Total
+ 1.0
Total Assets
Non Currrent Assets Other
+ 1.0
Total Assets
Net Invested Capital
+ 1.0
Total Assets
Capital Stock
+ 1.0
Total Assets
Common Stock
+ 1.0
Total Assets

High Negative Relationship

Net Working Capital
- 1.0
Non Current Liabilities Total
Other Current Assets
- 0.98
Net Debt
Non Current Liabilities Total
- 0.97
Retained Earnings
Net Receivables
- 0.95
Net Working Capital
Inventory
- 0.95
Other Current Liab
Short Term Debt
- 0.95
Other Current Liab

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When running Global Blockchain's price analysis, check to measure Global Blockchain's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Global Blockchain is operating at the current time. Most of Global Blockchain's value examination focuses on studying past and present price action to predict the probability of Global Blockchain's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Global Blockchain's price. Additionally, you may evaluate how the addition of Global Blockchain to your portfolios can decrease your overall portfolio volatility.
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