Rock Cash And Short Term Investments vs Other Current Liab Analysis

RCK Stock  CAD 1.03  0.07  7.29%   
Rock Tech financial indicator trend analysis is much more than just breaking down Rock Tech Lithium prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Rock Tech Lithium is a good investment. Please check the relationship between Rock Tech Cash And Short Term Investments and its Other Current Liab accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Rock Tech Lithium. 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 And Short Term Investments vs Other Current Liab

Cash And Short Term Investments vs Other Current Liab Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Rock Tech Lithium Cash And Short Term Investments account and Other Current Liab. At this time, the significance of the direction appears to have weak relationship.
Cash And Short Term InvestmentsOther Current LiabDiversified AwayCash And Short Term InvestmentsOther Current LiabDiversified Away100%
The correlation between Rock Tech's Cash And Short Term Investments and Other Current Liab is 0.36. Overlapping area represents the amount of variation of Cash And Short Term Investments that can explain the historical movement of Other Current Liab in the same time period over historical financial statements of Rock Tech Lithium, assuming nothing else is changed. The correlation between historical values of Rock Tech's Cash And Short Term Investments and Other Current Liab 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 And Short Term Investments of Rock Tech Lithium are associated (or correlated) with its Other Current Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Liab has no effect on the direction of Cash And Short Term Investments i.e., Rock Tech's Cash And Short Term Investments and Other Current Liab go up and down completely randomly.

Correlation Coefficient

0.36
Relationship DirectionPositive 
Relationship StrengthVery Weak

Cash And Short Term Investments

Short Term Investments is an account in the current assets section of Rock Tech Lithium balance sheet. This account contains Rock Tech investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Rock Tech Lithium 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.

Other Current Liab

Most indicators from Rock Tech's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Rock Tech Lithium 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 Rock Tech Lithium. 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, Rock Tech's Selling General Administrative is fairly stable compared to the past year. Enterprise Value is likely to climb to about 110 M in 2024, despite the fact that Tax Provision is likely to grow to (180.8 K).

Rock Tech fundamental ratios Correlations

0.981.0-0.790.710.820.80.980.930.890.50.69-0.910.920.840.860.92-0.440.92-0.39-0.030.760.910.70.070.94
0.980.97-0.710.710.720.741.00.940.820.560.61-0.930.940.770.780.94-0.350.9-0.240.110.770.940.66-0.020.88
1.00.97-0.80.70.830.810.970.930.890.490.69-0.910.920.850.870.92-0.450.91-0.41-0.050.750.910.70.090.94
-0.79-0.71-0.8-0.54-0.97-0.83-0.73-0.54-0.98-0.54-0.930.5-0.52-0.95-0.86-0.520.76-0.80.420.09-0.42-0.58-0.6-0.13-0.93
0.710.710.7-0.540.490.790.730.690.60.620.53-0.650.650.550.490.650.010.89-0.240.050.910.440.420.010.57
0.820.720.83-0.970.490.790.740.620.970.370.84-0.590.610.910.910.61-0.740.77-0.56-0.240.420.650.570.280.95
0.80.740.81-0.830.790.790.760.630.860.590.87-0.580.60.860.760.6-0.520.9-0.42-0.080.660.540.580.060.84
0.981.00.97-0.730.730.740.760.940.840.570.63-0.920.930.790.780.93-0.360.91-0.260.090.780.920.66-0.020.89
0.930.940.93-0.540.690.620.630.940.680.320.39-1.01.00.590.731.0-0.140.83-0.39-0.10.780.920.510.090.78
0.890.820.89-0.980.60.970.860.840.680.550.91-0.640.670.970.90.67-0.730.86-0.42-0.070.530.710.670.10.98
0.50.560.49-0.540.620.370.590.570.320.550.67-0.280.30.640.350.3-0.250.630.420.710.60.340.63-0.310.47
0.690.610.69-0.930.530.840.870.630.390.910.67-0.330.360.950.730.36-0.780.74-0.230.10.420.440.68-0.040.83
-0.91-0.93-0.910.5-0.65-0.59-0.58-0.92-1.0-0.64-0.28-0.33-1.0-0.55-0.7-1.00.11-0.790.390.11-0.75-0.92-0.49-0.1-0.75
0.920.940.92-0.520.650.610.60.931.00.670.30.36-1.00.570.721.0-0.140.81-0.39-0.110.760.930.510.10.77
0.840.770.85-0.950.550.910.860.790.590.970.640.95-0.550.570.830.57-0.770.81-0.290.070.530.670.790.030.94
0.860.780.87-0.860.490.910.760.780.730.90.350.73-0.70.720.830.72-0.610.76-0.49-0.180.490.730.60.310.92
0.920.940.92-0.520.650.610.60.931.00.670.30.36-1.01.00.570.72-0.140.81-0.39-0.110.760.930.510.10.77
-0.44-0.35-0.450.760.01-0.74-0.52-0.36-0.14-0.73-0.25-0.780.11-0.14-0.77-0.61-0.14-0.310.250.050.07-0.36-0.490.02-0.69
0.920.90.91-0.80.890.770.90.910.830.860.630.74-0.790.810.810.760.81-0.31-0.38-0.020.810.720.570.040.87
-0.39-0.24-0.410.42-0.24-0.56-0.42-0.26-0.39-0.420.42-0.230.39-0.39-0.29-0.49-0.390.25-0.380.91-0.09-0.270.06-0.48-0.47
-0.030.11-0.050.090.05-0.24-0.080.09-0.1-0.070.710.10.11-0.110.07-0.18-0.110.05-0.020.910.20.030.36-0.47-0.12
0.760.770.75-0.420.910.420.660.780.780.530.60.42-0.750.760.530.490.760.070.81-0.090.20.590.610.030.54
0.910.940.91-0.580.440.650.540.920.920.710.340.44-0.920.930.670.730.93-0.360.72-0.270.030.590.630.00.82
0.70.660.7-0.60.420.570.580.660.510.670.630.68-0.490.510.790.60.51-0.490.570.060.360.610.63-0.10.66
0.07-0.020.09-0.130.010.280.06-0.020.090.1-0.31-0.04-0.10.10.030.310.10.020.04-0.48-0.470.030.0-0.10.1
0.940.880.94-0.930.570.950.840.890.780.980.470.83-0.750.770.940.920.77-0.690.87-0.47-0.120.540.820.660.1
Click cells to compare fundamentals

Rock Tech Account Relationship Matchups

Rock Tech fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets5.6M13.4M72.0M65.0M46.8M49.2M
Total Current Liabilities242.7K781.1K9.3M7.7M4.9M5.1M
Total Stockholder Equity5.3M12.6M62.2M56.3M41.4M43.5M
Retained Earnings(34.5M)(37.5M)(59.7M)(121.3M)(150.0M)(142.5M)
Net Receivables10.5K14.0K826.4K3.2M491.1K247.5K
Common Stock Shares Outstanding35.0M38.9M58.3M77.8M96.6M101.4M
Liabilities And Stockholders Equity5.6M13.4M72.0M65.0M46.8M49.2M
Other Current Assets70.0K162.4K309.7K1.0M630.9K662.5K
Total Liab242.7K781.1K9.8M8.7M5.4M5.7M
Total Current Assets1.7M9.2M56.9M39.1M15.8M16.6M
Common Stock32.0M42.0M107.6M157.6M169.0M177.4M
Other Current Liab20.1K31K207.0K4.1M4.7M4.9M
Net Debt(1.7M)(9.0M)(55.5M)(33.8M)(14.0M)(13.3M)
Cash1.7M9.0M55.8M34.8M14.7M15.4M
Non Current Assets Total3.8M4.3M15.1M25.9M31.0M32.6M
Non Currrent Assets Other3.0M3.5M3.8M25.9M29.8M31.3M
Cash And Short Term Investments1.7M9.0M55.8M34.8M14.7M15.4M
Property Plant And Equipment Net3.8M4.3M15.1M25.2M4.4M5.2M
Accounts Payable222.6K720.1K8.9M3.4M3.9M4.0M
Other Stockholder Equity6.7M1.0M8.1M20.0M23.0M24.2M
Accumulated Other Comprehensive Income6.8M8.1M14.3M20.0M22.4M23.5M
Net Tangible Assets4.5M5.3M12.6M56.3M64.8M68.0M
Property Plant Equipment3.5M3.8M4.3M25.2M29.0M30.4M
Net Invested Capital5.3M12.7M62.2M56.3M64.8M68.0M
Net Working Capital1.5M8.4M47.6M31.4M36.1M37.9M
Capital Stock32.0M42.0M107.6M157.6M181.3M190.3M

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Additional Tools for Rock Stock Analysis

When running Rock Tech's price analysis, check to measure Rock Tech'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 Rock Tech is operating at the current time. Most of Rock Tech's value examination focuses on studying past and present price action to predict the probability of Rock Tech's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Rock Tech's price. Additionally, you may evaluate how the addition of Rock Tech to your portfolios can decrease your overall portfolio volatility.