| KILITCH Stock | | | 310.65 3.25 1.06% |
Kilitch Drugs financial indicator trend analysis is infinitely more than just investigating Kilitch Drugs Limited recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Kilitch Drugs Limited is a good investment. Please check the relationship between Kilitch Drugs Total Assets and its Cash And Short Term Investments accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Kilitch Drugs Limited. 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 Assets vs Cash And Short Term Investments
Total Assets vs Cash And Short Term Investments Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Kilitch Drugs Limited Total Assets account and
Cash And Short Term Investments. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Kilitch Drugs' Total Assets and Cash And Short Term Investments is 0.42. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Cash And Short Term Investments in the same time period over historical financial statements of Kilitch Drugs Limited, assuming nothing else is changed. The correlation between historical values of Kilitch Drugs' Total Assets and Cash And Short Term Investments 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 Assets of Kilitch Drugs Limited are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Total Assets i.e., Kilitch Drugs' Total Assets and Cash And Short Term Investments go up and down completely randomly.
Correlation Coefficient | 0.42 |
| Relationship Direction | Positive |
| Relationship Strength | Weak |
Total Assets
Total assets refers to the total amount of Kilitch Drugs assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Kilitch Drugs Limited books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.
Cash And Short Term Investments
Short Term Investments is an account in the current assets section of Kilitch Drugs Limited balance sheet. This account contains Kilitch Drugs investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Kilitch Drugs Limited fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.
Most indicators from Kilitch Drugs' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Kilitch Drugs Limited 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
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Kilitch Drugs Limited. 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.
As of now, Kilitch Drugs'
Tax Provision is increasing as compared to previous years. The Kilitch Drugs' current
Issuance Of Capital Stock is estimated to increase to about 40.5
M, while
Selling General Administrative is projected to decrease to under 25
M.
Kilitch Drugs fundamental ratios Correlations
Click cells to compare fundamentals
Kilitch Drugs Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Kilitch Drugs fundamental ratios Accounts
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Other Information on Investing in Kilitch Stock
Balance Sheet is a snapshot of the
financial position of Kilitch Drugs Limited at a specified time, usually calculated after every quarter, six months, or one year. Kilitch Drugs Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Kilitch Drugs 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 Kilitch currently owns. An asset can also be divided into two categories, current and non-current.