Quantum Cash vs Total Assets Analysis
QNC Stock | CAD 0.40 0.22 122.22% |
Quantum Numbers financial indicator trend analysis is much more than just breaking down Quantum Numbers prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Quantum Numbers is a good investment. Please check the relationship between Quantum Numbers Cash and its Total Assets accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Quantum Numbers. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Cash vs Total Assets
Cash vs Total Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Quantum Numbers Cash account and Total Assets. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Quantum Numbers' Cash and Total Assets is 0.91. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Total Assets in the same time period over historical financial statements of Quantum Numbers, assuming nothing else is changed. The correlation between historical values of Quantum Numbers' Cash and Total 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 Cash of Quantum Numbers are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Cash i.e., Quantum Numbers' Cash and Total Assets go up and down completely randomly.
Correlation Coefficient | 0.91 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Cash
Cash refers to the most liquid asset of Quantum Numbers, which is listed under current asset account on Quantum Numbers balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Quantum Numbers customers. The amounts must be unrestricted with restricted cash listed in a different Quantum Numbers account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.Total Assets
Total assets refers to the total amount of Quantum Numbers 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 Quantum Numbers 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.Most indicators from Quantum Numbers' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Quantum Numbers 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in Quantum Numbers. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. At this time, Quantum Numbers' Selling General Administrative is fairly stable compared to the past year. Enterprise Value is likely to climb to about 14.8 M in 2024, whereas Issuance Of Capital Stock is likely to drop 0.00 in 2024.
Quantum Numbers fundamental ratios Correlations
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Quantum Numbers Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Quantum Numbers fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 939.8K | 672.7K | 3.1M | 4.0M | 1.6M | 1.4M | |
Total Current Liabilities | 46.8K | 419.0K | 333.8K | 377.8K | 186.8K | 167.8K | |
Total Stockholder Equity | 893.0K | 221.8K | 2.7M | 3.7M | 1.4M | 1.2M | |
Net Debt | (287.6K) | 11.8K | (968.0K) | (2.6M) | (275.6K) | (289.4K) | |
Retained Earnings | (6.2M) | (6.4M) | (8.0M) | (10.8M) | (13.2M) | (12.5M) | |
Cash | 287.6K | 20.1K | 1.0M | 2.6M | 315.6K | 584.9K | |
Cash And Short Term Investments | 287.6K | 20.1K | 2.0M | 3.5M | 1.1M | 770.3K | |
Net Receivables | 6.7K | 7.5K | 57.0K | 118.9K | 159.4K | 167.4K | |
Liabilities And Stockholders Equity | 939.8K | 672.7K | 3.1M | 4.0M | 1.6M | 1.4M | |
Other Current Assets | 3.7K | 5.3K | 50.2K | 35.8K | 53.2K | 63.1K | |
Other Stockholder Equity | 782.8K | 280.4K | 506.6K | 1.0M | 1.2M | 1.6M | |
Total Liab | 46.8K | 450.9K | 389.4K | 377.8K | 226.8K | 176.6K | |
Total Current Assets | 298.0K | 32.9K | 2.1M | 3.7M | 1.3M | 882.3K | |
Non Current Assets Total | 641.8K | 639.8K | 957.2K | 374.0K | 351.7K | 444.2K | |
Other Current Liab | 46.8K | 419.0K | 333.8K | 337.8K | 388.4K | 407.8K | |
Accounts Payable | 60.2K | 42.0K | 325.6K | 333.8K | 383.9K | 403.1K | |
Accumulated Other Comprehensive Income | 682.8K | 801.1K | 782.8K | 12.5K | 14.4K | 13.7K | |
Net Tangible Assets | 1.1M | 452.1K | (196.8K) | 1.8M | 2.0M | 2.1M | |
Other Assets | 2.3K | 175.3K | 200.9K | 221.2K | 254.3K | 267.1K | |
Intangible Assets | 640.9K | 639.6K | 957.2K | 374.0K | 351.7K | 462.2K | |
Net Invested Capital | 893.0K | 253.7K | 2.8M | 3.7M | 1.5M | 2.0M | |
Net Working Capital | 251.2K | (386.1K) | 1.8M | 3.3M | 1.1M | 1.3M |
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When running Quantum Numbers' price analysis, check to measure Quantum Numbers' 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 Quantum Numbers is operating at the current time. Most of Quantum Numbers' value examination focuses on studying past and present price action to predict the probability of Quantum Numbers' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Quantum Numbers' price. Additionally, you may evaluate how the addition of Quantum Numbers to your portfolios can decrease your overall portfolio volatility.