23Andme Other Liab vs Total Current Liabilities Analysis
ME Stock | USD 3.64 0.16 4.21% |
23Andme Holding financial indicator trend analysis is way more than just evaluating 23Andme Holding prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether 23Andme Holding is a good investment. Please check the relationship between 23Andme Holding Other Liab and its Total Current Liabilities accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in 23Andme Holding Co. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.
Other Liab vs Total Current Liabilities
Other Liab vs Total Current Liabilities Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of 23Andme Holding Other Liab account and Total Current Liabilities. At this time, the significance of the direction appears to have almost identical trend.
The correlation between 23Andme Holding's Other Liab and Total Current Liabilities is 0.92. Overlapping area represents the amount of variation of Other Liab that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of 23Andme Holding Co, assuming nothing else is changed. The correlation between historical values of 23Andme Holding's Other Liab 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 Other Liab of 23Andme Holding Co 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 Other Liab i.e., 23Andme Holding's Other Liab and Total Current Liabilities go up and down completely randomly.
Correlation Coefficient | 0.92 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Other Liab
Total Current Liabilities
Total Current Liabilities is an item on 23Andme Holding balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of 23Andme Holding Co 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 23Andme Holding's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into 23Andme Holding 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 23Andme Holding Co. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income. At present, 23Andme Holding's Sales General And Administrative To Revenue is projected to increase slightly based on the last few years of reporting. The current year's Enterprise Value is expected to grow to about 5.1 B, whereas Issuance Of Capital Stock is forecasted to decline to 0.00.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 132.9M | 134.5M | 99.4M | 107.2M | Total Revenue | 271.9M | 299.5M | 219.6M | 237.5M |
23Andme Holding fundamental ratios Correlations
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23Andme Holding Account Relationship Matchups
High Positive Relationship
High Negative Relationship
23Andme Holding fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 404.6M | 452.1M | 1.2B | 942.6M | 395.2M | 741.3M | |
Other Current Liab | 34.7M | 31.6M | 34.8M | 57.5M | 32.5M | 44.3M | |
Total Current Liabilities | 139.4M | 121.6M | 153.2M | 149.4M | 127.3M | 117.1M | |
Total Stockholder Equity | 134.2M | (595.6M) | 915.7M | 713.9M | 188.5M | 306.3M | |
Net Tangible Assets | (626.3M) | (602.5M) | 480.4M | 301.0M | 346.2M | 363.5M | |
Property Plant And Equipment Net | 137.6M | 124.0M | 105.4M | 94.7M | 77.2M | 95.0M | |
Net Debt | (119.0M) | (188.8M) | (466.9M) | (301.5M) | (140.0M) | (147.0M) | |
Retained Earnings | (793.6M) | (977.2M) | (1.2B) | (1.5B) | (2.2B) | (2.1B) | |
Accounts Payable | 13.1M | 12.3M | 37.9M | 12.9M | 11.6M | 17.8M | |
Cash | 209.3M | 282.5M | 553.2M | 386.8M | 217.9M | 280.3M | |
Non Current Assets Total | 158.8M | 138.5M | 550.3M | 517.6M | 144.6M | 137.4M | |
Non Currrent Assets Other | 7.9M | 7.6M | 9.6M | 10.0M | 6.7M | 7.0M | |
Other Assets | 9.1M | 8.5M | 10.4M | 10.8M | 1.0 | 0.95 | |
Cash And Short Term Investments | 209.3M | 282.5M | 553.2M | 386.8M | 217.9M | 280.3M | |
Net Receivables | 6.4M | 2.5M | 3.4M | 1.9M | 9.1M | 9.5M | |
Liabilities And Stockholders Equity | 404.6M | 452.1M | 1.2B | 942.6M | 395.2M | 741.3M | |
Inventory | 14.1M | 6.2M | 10.8M | 10.2M | 12.5M | 9.0M | |
Other Current Assets | 16.0M | 22.4M | 34.4M | 32.5M | 11.1M | 20.4M | |
Other Stockholder Equity | 172.7M | 1.2B | 2.1B | 2.2B | 2.4B | 1.5B | |
Total Liab | 270.4M | 1.0B | 236.4M | 228.7M | 206.6M | 316.4M | |
Total Current Assets | 245.9M | 313.6M | 601.8M | 425.0M | 250.5M | 313.4M | |
Intangible Assets | 5.4M | 6.9M | 83.5M | 61.2M | 53.8M | 38.7M | |
Property Plant Equipment | 137.6M | 123.2M | 49.9M | 38.6M | 34.7M | 33.0M |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in 23Andme Holding Co. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income. You can also try the Volatility Analysis module to get historical volatility and risk analysis based on latest market data.
Is Biotechnology space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of 23Andme Holding. If investors know 23Andme will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about 23Andme Holding listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (122.52) | Revenue Per Share 8.224 | Quarterly Revenue Growth (0.34) | Return On Assets (0.26) | Return On Equity (1.54) |
The market value of 23Andme Holding is measured differently than its book value, which is the value of 23Andme that is recorded on the company's balance sheet. Investors also form their own opinion of 23Andme Holding's value that differs from its market value or its book value, called intrinsic value, which is 23Andme Holding's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because 23Andme Holding's market value can be influenced by many factors that don't directly affect 23Andme Holding's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between 23Andme Holding's value and its price as these two are different measures arrived at by different means. Investors typically determine if 23Andme Holding is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, 23Andme Holding's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.