Microlise Inventory vs Total Current Liabilities Analysis

SAAS Stock   101.50  1.00  0.98%   
Microlise Group financial indicator trend analysis is infinitely more than just investigating Microlise Group PLC recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Microlise Group PLC is a good investment. Please check the relationship between Microlise Group Inventory and its Total Current Liabilities accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Microlise Group PLC. 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.

Inventory vs Total Current Liabilities

Inventory vs Total Current Liabilities Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Microlise Group PLC Inventory account and Total Current Liabilities. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Microlise Group's Inventory and Total Current Liabilities is 0.84. Overlapping area represents the amount of variation of Inventory that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of Microlise Group PLC, assuming nothing else is changed. The correlation between historical values of Microlise Group's Inventory 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 Inventory of Microlise Group PLC 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 Inventory i.e., Microlise Group's Inventory and Total Current Liabilities go up and down completely randomly.

Correlation Coefficient

0.84
Relationship DirectionPositive 
Relationship StrengthStrong

Inventory

Total Current Liabilities

Total Current Liabilities is an item on Microlise Group balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Microlise Group PLC 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 Microlise Group's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Microlise Group PLC 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Microlise Group PLC. 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.
Tax Provision is likely to gain to about 977.5 K in 2024, whereas Selling General Administrative is likely to drop slightly above 25 M in 2024.
 2021 2022 2023 2024 (projected)
Interest Expense555.3K312K333K285.8K
Depreciation And Amortization3.7M4.8M5.5M5.8M

Microlise Group fundamental ratios Correlations

-0.20.940.930.950.690.360.99-0.490.980.790.910.790.640.970.76-0.960.030.860.760.94-0.86-0.810.640.86-0.58
-0.2-0.27-0.2-0.09-0.58-0.89-0.190.08-0.21-0.12-0.16-0.38-0.85-0.2-0.170.09-0.01-0.18-0.18-0.190.190.1-0.290.020.12
0.94-0.270.870.890.740.480.88-0.490.880.780.780.840.660.930.88-0.83-0.110.910.820.87-0.74-0.680.550.76-0.57
0.93-0.20.870.860.820.280.92-0.680.920.90.820.730.680.870.68-0.9-0.170.830.880.98-0.75-0.90.460.93-0.78
0.95-0.090.890.860.60.30.91-0.440.90.690.840.680.510.950.81-0.90.020.820.730.86-0.8-0.780.60.81-0.51
0.69-0.580.740.820.60.50.65-0.80.670.790.460.610.830.590.66-0.54-0.490.80.870.77-0.39-0.680.140.63-0.85
0.36-0.890.480.280.30.50.330.110.340.140.380.590.830.450.37-0.280.250.250.220.28-0.44-0.140.580.090.04
0.99-0.190.880.920.910.650.33-0.441.00.770.950.780.650.950.63-0.980.120.780.680.94-0.9-0.830.680.87-0.55
-0.490.08-0.49-0.68-0.44-0.80.11-0.44-0.47-0.75-0.17-0.23-0.36-0.31-0.520.340.8-0.74-0.81-0.620.050.60.32-0.560.98
0.98-0.210.880.920.90.670.341.0-0.470.790.940.790.670.930.62-0.970.10.790.690.95-0.88-0.830.660.87-0.57
0.79-0.120.780.90.690.790.140.77-0.750.790.640.690.560.710.62-0.73-0.370.840.890.89-0.57-0.650.240.78-0.82
0.91-0.160.780.820.840.460.380.95-0.170.940.640.780.60.930.48-0.980.40.580.510.85-0.99-0.740.860.8-0.31
0.79-0.380.840.730.680.610.590.78-0.230.790.690.780.720.820.58-0.760.170.620.590.78-0.79-0.50.680.64-0.35
0.64-0.850.660.680.510.830.830.65-0.360.670.560.60.720.620.44-0.570.00.540.560.67-0.59-0.550.520.49-0.45
0.97-0.20.930.870.950.590.450.95-0.310.930.710.930.820.620.76-0.950.180.780.690.88-0.92-0.730.760.8-0.41
0.76-0.170.880.680.810.660.370.63-0.520.620.620.480.580.440.76-0.57-0.350.90.810.65-0.45-0.50.260.56-0.54
-0.960.09-0.83-0.9-0.9-0.54-0.28-0.980.34-0.97-0.73-0.98-0.76-0.57-0.95-0.57-0.23-0.69-0.63-0.920.940.83-0.74-0.890.47
0.03-0.01-0.11-0.170.02-0.490.250.120.80.1-0.370.40.170.00.18-0.35-0.23-0.45-0.53-0.1-0.50.080.75-0.040.71
0.86-0.180.910.830.820.80.250.78-0.740.790.840.580.620.540.780.9-0.69-0.450.90.82-0.5-0.640.220.7-0.77
0.76-0.180.820.880.730.870.220.68-0.810.690.890.510.590.560.690.81-0.63-0.530.90.84-0.44-0.710.130.78-0.87
0.94-0.190.870.980.860.770.280.94-0.620.950.890.850.780.670.880.65-0.92-0.10.820.84-0.79-0.860.510.95-0.73
-0.860.19-0.74-0.75-0.8-0.39-0.44-0.90.05-0.88-0.57-0.99-0.79-0.59-0.92-0.450.94-0.5-0.5-0.44-0.790.66-0.92-0.740.19
-0.810.1-0.68-0.9-0.78-0.68-0.14-0.830.6-0.83-0.65-0.74-0.5-0.55-0.73-0.50.830.08-0.64-0.71-0.860.66-0.4-0.910.7
0.64-0.290.550.460.60.140.580.680.320.660.240.860.680.520.760.26-0.740.750.220.130.51-0.92-0.40.460.18
0.860.020.760.930.810.630.090.87-0.560.870.780.80.640.490.80.56-0.89-0.040.70.780.95-0.74-0.910.46-0.68
-0.580.12-0.57-0.78-0.51-0.850.04-0.550.98-0.57-0.82-0.31-0.35-0.45-0.41-0.540.470.71-0.77-0.87-0.730.190.70.18-0.68
Click cells to compare fundamentals

Microlise Group Account Relationship Matchups

Microlise Group fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets122.3M123.3M121.3M126.1M131.2M77.2M
Other Current Liab17.8M(30.9M)2.3M1.1M1.0M962.7K
Total Current Liabilities28.6M32.0M26.5M30.0M33.5M22.9M
Total Stockholder Equity56.1M57.2M71.5M73.5M75.7M79.5M
Property Plant And Equipment Net8.6M7.9M8.6M8.3M8.9M5.7M
Retained Earnings848K57.1M53.8M55.7M57.9M60.8M
Accounts Payable3.0M29.1M4.1M4.6M6.4M6.6M
Non Current Assets Total92.5M89.2M89.1M88.8M89.6M48.0M
Non Currrent Assets Other3.5M4.4M(52.8M)(51.8M)(46.6M)(44.3M)
Good Will1.5M49.2M52.3M52.8M54.3M27.7M
Common Stock Shares Outstanding81.1K115.9M51.1M106.3M116.1M121.7M
Non Current Liabilities Total37.6M34.1M23.3M22.5M22.0M16.1M
Inventory3.6M3.9M2.9M2.6M3.3M2.9M
Other Stockholder Equity556K(892K)55.2M17.6M20.3M21.3M
Total Liab66.2M66.1M49.8M52.5M55.5M41.0M
Total Current Assets29.8M34.1M32.2M37.4M41.6M29.2M
Net Debt8.9M9.2M(11.5M)(14.9M)(13.4M)(12.8M)
Cash10.1M9.7M13.2M16.7M16.8M9.1M
Cash And Short Term Investments10.1M9.7M13.2M16.7M19.2M20.1M
Other Liab21.9M21.0M22.3M21.7M25.0M22.2M
Net Tangible Assets(21.1M)(18.9M)(4.4M)(1.6M)(1.4M)(1.5M)
Net Receivables22.0M18.8M13.8M15.8M14.8M13.8M
Other Current Assets16.1M20.5M2.3M2.3M2.1M2.0M
Property Plant Equipment8.6M7.9M8.6M8.3M9.5M9.1M
Other Assets4.8M808K2.7M4.1M3.7M3.0M
Liabilities And Stockholders Equity122.3M123.3M121.3M126.1M145.1M133.2M
Intangible Assets24.8M23.8M76.0M75.0M21.9M20.8M

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