SCHMID Cash And Short Term Investments vs Other Current Assets Analysis

SHMDW Stock

0.28 0.01 3.45%

SCHMID Group financial indicator trend analysis is much more than just breaking down SCHMID Group NV prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether SCHMID Group NV is a good investment. Please check the relationship between SCHMID Group Cash And Short Term Investments and its Other Current Assets accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in SCHMID Group NV. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

Cash And Short Term Investments vs Other Current Assets

Cash And Short Term Investments vs Other Current Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of SCHMID Group NV Cash And Short Term Investments account and Other Current Assets. At this time, the significance of the direction appears to have strong relationship.

The correlation between SCHMID Group's Cash And Short Term Investments and Other Current Assets is 0.63. Overlapping area represents the amount of variation of Cash And Short Term Investments that can explain the historical movement of Other Current Assets in the same time period over historical financial statements of SCHMID Group NV, assuming nothing else is changed. The correlation between historical values of SCHMID Group's Cash And Short Term Investments and Other Current 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 And Short Term Investments of SCHMID Group NV are associated (or correlated) with its Other Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Assets has no effect on the direction of Cash And Short Term Investments i.e., SCHMID Group's Cash And Short Term Investments and Other Current Assets go up and down completely randomly.

Correlation Coefficient

0.63

Relationship Direction	Positive
Relationship Strength	Significant

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Cash And Short Term Investments

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

Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.

Most indicators from SCHMID Group's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into SCHMID Group NV 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 SCHMID Group NV. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

Sales General And Administrative To Revenue is likely to climb to 0.26 in 2024, whereas Tax Provision is likely to drop slightly above 1.6 M in 2024.

	2010	2022	2023	2024 (projected)
Depreciation And Amortization	4.9M	6.3M	6.9M	6.6M
Interest Income	3.2M	4.1M	3.9M	4.1M

Depreciation And Amortization Interest Income

SCHMID Group fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Long Term Debt	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Capital Lease Obligations	Inventory	Other Current Assets	Total Liab	Net Invested Capital	Long Term Investments	Property Plant And Equipment Gross	Short Long Term Debt	Total Current Assets
Total Assets		0.82	-0.97	0.74	-0.31	0.17	0.68	0.71	-0.25	0.44	0.01	0.04	-0.21	0.44	0.52	0.48	-0.25	-0.47	0.56	-0.12	0.77	0.96	0.21	0.49	0.88	0.57
Short Long Term Debt Total	0.82		-0.85	0.37	-0.73	0.4	0.29	0.98	0.26	0.04	0.48	0.48	0.34	0.04	0.15	0.69	0.3	-0.81	0.09	-0.62	0.99	0.89	-0.31	0.83	0.47	0.13
Other Current Liab	-0.97	-0.85		-0.75	0.31	-0.05	-0.71	-0.76	0.22	-0.36	0.03	0.02	0.16	-0.36	-0.61	-0.39	0.2	0.44	-0.58	0.14	-0.78	-0.91	-0.14	-0.47	-0.81	-0.62
Total Current Liabilities	0.74	0.37	-0.75		0.35	-0.52	0.99	0.2	-0.79	0.82	-0.42	-0.48	-0.72	0.82	0.72	-0.23	-0.75	0.22	0.94	0.49	0.23	0.53	0.72	-0.17	0.91	0.86
Total Stockholder Equity	-0.31	-0.73	0.31	0.35		-0.83	0.44	-0.83	-0.82	0.53	-0.79	-0.86	-0.85	0.53	0.39	-0.9	-0.83	0.98	0.6	0.97	-0.83	-0.54	0.81	-0.98	0.15	0.51
Property Plant And Equipment Net	0.17	0.4	-0.05	-0.52	-0.83		-0.58	0.48	0.73	-0.47	0.65	0.78	0.66	-0.47	-0.49	0.93	0.68	-0.83	-0.64	-0.76	0.54	0.42	-0.62	0.81	-0.15	-0.58
Current Deferred Revenue	0.68	0.29	-0.71	0.99	0.44	-0.58		0.12	-0.83	0.8	-0.52	-0.58	-0.77	0.8	0.78	-0.31	-0.8	0.3	0.97	0.57	0.15	0.47	0.75	-0.26	0.88	0.91
Net Debt	0.71	0.98	-0.76	0.2	-0.83	0.48	0.12		0.44	-0.17	0.52	0.54	0.51	-0.17	0.09	0.74	0.47	-0.88	-0.08	-0.74	0.99	0.81	-0.5	0.89	0.3	0.01
Accounts Payable	-0.25	0.26	0.22	-0.79	-0.82	0.73	-0.83	0.44		-0.88	0.68	0.75	0.98	-0.88	-0.56	0.64	0.99	-0.72	-0.9	-0.9	0.39	-0.01	-0.98	0.69	-0.67	-0.76
Cash	0.44	0.04	-0.36	0.82	0.53	-0.47	0.8	-0.17	-0.88		-0.27	-0.35	-0.82	1.0	0.3	-0.35	-0.82	0.42	0.79	0.63	-0.09	0.26	0.9	-0.36	0.77	0.56
Non Current Assets Total	0.01	0.48	0.03	-0.42	-0.79	0.65	-0.52	0.52	0.68	-0.27		0.98	0.76	-0.27	-0.79	0.62	0.76	-0.73	-0.69	-0.84	0.54	0.21	-0.62	0.76	-0.31	-0.78
Non Currrent Assets Other	0.04	0.48	0.02	-0.48	-0.86	0.78	-0.58	0.54	0.75	-0.35	0.98		0.79	-0.35	-0.78	0.73	0.8	-0.8	-0.74	-0.88	0.58	0.27	-0.67	0.82	-0.31	-0.79
Long Term Debt	-0.21	0.34	0.16	-0.72	-0.85	0.66	-0.77	0.51	0.98	-0.82	0.76	0.79		-0.82	-0.59	0.6	1.0	-0.74	-0.87	-0.94	0.46	0.01	-0.98	0.72	-0.65	-0.76
Cash And Short Term Investments	0.44	0.04	-0.36	0.82	0.53	-0.47	0.8	-0.17	-0.88	1.0	-0.27	-0.35	-0.82		0.3	-0.35	-0.82	0.42	0.79	0.63	-0.09	0.26	0.9	-0.36	0.77	0.56
Net Receivables	0.52	0.15	-0.61	0.72	0.39	-0.49	0.78	0.09	-0.56	0.3	-0.79	-0.78	-0.59	0.3		-0.26	-0.62	0.27	0.82	0.5	0.06	0.34	0.45	-0.29	0.63	0.96
Common Stock Shares Outstanding	0.48	0.69	-0.39	-0.23	-0.9	0.93	-0.31	0.74	0.64	-0.35	0.62	0.73	0.6	-0.35	-0.26		0.6	-0.95	-0.42	-0.79	0.79	0.7	-0.58	0.93	0.11	-0.34
Non Current Liabilities Total	-0.25	0.3	0.2	-0.75	-0.83	0.68	-0.8	0.47	0.99	-0.82	0.76	0.8	1.0	-0.82	-0.62	0.6		-0.73	-0.9	-0.93	0.42	-0.02	-0.98	0.71	-0.67	-0.79
Capital Lease Obligations	-0.47	-0.81	0.44	0.22	0.98	-0.83	0.3	-0.88	-0.72	0.42	-0.73	-0.8	-0.74	0.42	0.27	-0.95	-0.73		0.46	0.92	-0.89	-0.67	0.71	-1.0	-0.02	0.38
Inventory	0.56	0.09	-0.58	0.94	0.6	-0.64	0.97	-0.08	-0.9	0.79	-0.69	-0.74	-0.87	0.79	0.82	-0.42	-0.9	0.46		0.72	-0.05	0.33	0.83	-0.44	0.84	0.95
Other Current Assets	-0.12	-0.62	0.14	0.49	0.97	-0.76	0.57	-0.74	-0.9	0.63	-0.84	-0.88	-0.94	0.63	0.5	-0.79	-0.93	0.92	0.72		-0.72	-0.34	0.9	-0.91	0.35	0.64
Total Liab	0.77	0.99	-0.78	0.23	-0.83	0.54	0.15	0.99	0.39	-0.09	0.54	0.58	0.46	-0.09	0.06	0.79	0.42	-0.89	-0.05	-0.72		0.87	-0.43	0.91	0.38	0.01
Net Invested Capital	0.96	0.89	-0.91	0.53	-0.54	0.42	0.47	0.81	-0.01	0.26	0.21	0.27	0.01	0.26	0.34	0.7	-0.02	-0.67	0.33	-0.34	0.87		0.0	0.69	0.75	0.36
Long Term Investments	0.21	-0.31	-0.14	0.72	0.81	-0.62	0.75	-0.5	-0.98	0.9	-0.62	-0.67	-0.98	0.9	0.45	-0.58	-0.98	0.71	0.83	0.9	-0.43	0.0		-0.67	0.65	0.67
Property Plant And Equipment Gross	0.49	0.83	-0.47	-0.17	-0.98	0.81	-0.26	0.89	0.69	-0.36	0.76	0.82	0.72	-0.36	-0.29	0.93	0.71	-1.0	-0.44	-0.91	0.91	0.69	-0.67		0.05	-0.38
Short Long Term Debt	0.88	0.47	-0.81	0.91	0.15	-0.15	0.88	0.3	-0.67	0.77	-0.31	-0.31	-0.65	0.77	0.63	0.11	-0.67	-0.02	0.84	0.35	0.38	0.75	0.65	0.05		0.77
Total Current Assets	0.57	0.13	-0.62	0.86	0.51	-0.58	0.91	0.01	-0.76	0.56	-0.78	-0.79	-0.76	0.56	0.96	-0.34	-0.79	0.38	0.95	0.64	0.01	0.36	0.67	-0.38	0.77

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SCHMID Group Account Relationship Matchups

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SCHMID Cash And Short Term Investments vs Other Current Assets Analysis

Cash And Short Term Investments vs Other Current Assets

Cash And Short Term Investments vs Other Current Assets Correlation Analysis

Correlation Coefficient

Cash And Short Term Investments

Other Current Assets

SCHMID Group fundamental ratios Correlations

SCHMID Group Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Also Currently Popular

Additional Tools for SCHMID Stock Analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 1.0	Cash
Non Current Liabilities Total	+ 1.0	Long Term Debt
Total Liab	+ 0.99	Short Long Term Debt Total
Current Deferred Revenue	+ 0.99	Total Current Liabilities
Total Liab	+ 0.99	Net Debt
Non Current Liabilities Total	+ 0.99	Accounts Payable

Property Plant And Equipment Gross	- 1.0	Capital Lease Obligations
Long Term Investments	- 0.98	Non Current Liabilities Total
Long Term Investments	- 0.98	Long Term Debt
Long Term Investments	- 0.98	Accounts Payable
Property Plant And Equipment Gross	- 0.98	Total Stockholder Equity
Other Current Liab	- 0.97	Total Assets