Idaho Current Deferred Revenue vs Total Current Liabilities Analysis
IDR Stock | USD 12.22 0.16 1.33% |
Idaho Strategic financial indicator trend analysis is infinitely more than just investigating Idaho Strategic Resources recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Idaho Strategic Resources is a good investment. Please check the relationship between Idaho Strategic Current Deferred Revenue and its Total Current Liabilities accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Idaho Strategic Resources. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment.
Current Deferred Revenue vs Total Current Liabilities
Current Deferred Revenue vs Total Current Liabilities Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Idaho Strategic Resources Current Deferred Revenue account and Total Current Liabilities. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Idaho Strategic's Current Deferred Revenue and Total Current Liabilities is -0.54. Overlapping area represents the amount of variation of Current Deferred Revenue that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of Idaho Strategic Resources, assuming nothing else is changed. The correlation between historical values of Idaho Strategic's Current Deferred Revenue 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 Current Deferred Revenue of Idaho Strategic Resources 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 Current Deferred Revenue i.e., Idaho Strategic's Current Deferred Revenue and Total Current Liabilities go up and down completely randomly.
Correlation Coefficient | -0.54 |
Relationship Direction | Negative |
Relationship Strength | Very Weak |
Current Deferred Revenue
Revenue that has been collected but not yet earned, typically from prepaid service contracts or subscriptions. This amount is considered a liability until the service is provided or the subscription period ends.Total Current Liabilities
Total Current Liabilities is an item on Idaho Strategic balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Idaho Strategic Resources 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 Idaho Strategic's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Idaho Strategic Resources 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 Idaho Strategic Resources. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment. At this time, Idaho Strategic's Issuance Of Capital Stock is relatively stable compared to the past year. As of 12/09/2024, Enterprise Value Over EBITDA is likely to grow to 31.34, while Selling General Administrative is likely to drop slightly above 736.4 K.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 208.3K | 102.8K | 44.2K | 53.3K | Depreciation And Amortization | 824.4K | 996.8K | 1.5M | 1.6M |
Idaho Strategic fundamental ratios Correlations
Click cells to compare fundamentals
Idaho Strategic Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Idaho Strategic fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 10.9M | 14.7M | 17.9M | 21.0M | 23.9M | 25.1M | |
Short Long Term Debt Total | 1.4M | 2.4M | 3.9M | 4.0M | 2.3M | 2.4M | |
Other Current Liab | 80.4K | 143.5K | 174.1K | 179.1K | 266.7K | 145.0K | |
Total Current Liabilities | 948.5K | 1.2M | 1.5M | 1.6M | 1.7M | 1.8M | |
Total Stockholder Equity | 5.7M | 8.3M | 10.2M | 14.9M | 17.8M | 18.6M | |
Property Plant And Equipment Net | 9.4M | 10.7M | 14.1M | 16.5M | 18.1M | 19.0M | |
Net Debt | 1.2M | (138.9K) | 1.9M | 611.6K | 29.7K | 28.2K | |
Cash | 217.8K | 2.5M | 2.0M | 1.6M | 2.3M | 2.4M | |
Non Current Assets Total | 9.9M | 11.2M | 15.0M | 17.6M | 19.4M | 20.4M | |
Non Currrent Assets Other | 128.3K | 116.2K | 115.0K | 403.1K | 536.4K | 563.2K | |
Cash And Short Term Investments | 217.8K | 2.5M | 2.0M | 1.6M | 2.3M | 2.4M | |
Common Stock Shares Outstanding | 8.8M | 9.2M | 10.2M | 11.8M | 12.3M | 12.9M | |
Liabilities And Stockholders Equity | 10.9M | 14.7M | 17.9M | 21.0M | 23.9M | 25.1M | |
Non Current Liabilities Total | 1.2M | 2.2M | 3.4M | 1.6M | 1.6M | 1.7M | |
Total Liab | 2.2M | 3.4M | 4.9M | 3.3M | 3.4M | 3.5M | |
Total Current Assets | 910.1K | 3.4M | 2.9M | 3.4M | 4.4M | 4.7M | |
Short Term Debt | 338.9K | 378.5K | 677.2K | 871.6K | 978.2K | 1.0M | |
Common Stock | 17.7M | 21.0M | 26.0M | 33.2M | 35.0M | 36.7M | |
Retained Earnings | (12.0M) | (12.7M) | (15.8M) | (18.4M) | (17.2M) | (16.4M) | |
Accounts Payable | 529.2K | 687.3K | 647.2K | 579.5K | 484.2K | 508.4K | |
Other Current Assets | 158.8K | 224.1K | 334.4K | 192.0K | 236.8K | 248.7K | |
Inventory | 225.1K | 402.5K | 213.7K | 618.3K | 876.7K | 920.5K | |
Net Receivables | 308.3K | 269.0K | 412.6K | 911.9K | 1.0M | 1.1M | |
Long Term Debt | 1.1M | 2.0M | 3.2M | 3.1M | 1.3M | 1.8M | |
Long Term Debt Total | 1.1M | 2.0M | 3.2M | 3.1M | 3.5M | 1.8M | |
Cash And Equivalents | 217.8K | 2.5M | 2.0M | 1.6M | 1.9M | 1.1M | |
Property Plant Equipment | 9.4M | 10.7M | 14.1M | 8.3M | 9.5M | 10.6M | |
Other Assets | 128.3K | 116.2K | 115.0K | 76.1K | 87.5K | 106.5K | |
Net Invested Capital | 7.1M | 10.7M | 14.0M | 17.1M | 20.1M | 13.9M | |
Short Long Term Debt | 338.9K | 378.5K | 677.2K | 871.6K | 978.2K | 643.5K | |
Capital Stock | 17.7M | 21.0M | 26.0M | 33.2M | 35.0M | 27.6M | |
Net Working Capital | (38.4K) | 2.2M | 1.4M | 1.7M | 2.7M | 1.5M |
Pair Trading with Idaho Strategic
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Idaho Strategic position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Idaho Strategic will appreciate offsetting losses from the drop in the long position's value.Moving against Idaho Stock
0.65 | WS | Worthington Steel | PairCorr |
0.58 | RS | Reliance Steel Aluminum | PairCorr |
0.54 | NC | NACCO Industries | PairCorr |
0.42 | OC | Owens Corning | PairCorr |
0.36 | CC | Chemours | PairCorr |
The ability to find closely correlated positions to Idaho Strategic could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Idaho Strategic when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Idaho Strategic - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Idaho Strategic Resources to buy it.
The correlation of Idaho Strategic is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Idaho Strategic moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Idaho Strategic Resources moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Idaho Strategic can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Idaho Stock Analysis
When running Idaho Strategic's price analysis, check to measure Idaho Strategic'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 Idaho Strategic is operating at the current time. Most of Idaho Strategic's value examination focuses on studying past and present price action to predict the probability of Idaho Strategic's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Idaho Strategic's price. Additionally, you may evaluate how the addition of Idaho Strategic to your portfolios can decrease your overall portfolio volatility.