| STEELCAS | | | 798.00 3.45 0.43% |
Steelcast financial indicator trend analysis is much more than just breaking down Steelcast Limited prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Steelcast Limited is a good investment. Please check the relationship between Steelcast Total Current Liabilities and its Retained Earnings accounts. Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in Steelcast Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in bureau of economic analysis.
Total Current Liabilities vs Retained Earnings
Total Current Liabilities vs Retained Earnings Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Steelcast Limited Total Current Liabilities account and
Retained Earnings. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Steelcast's Total Current Liabilities and Retained Earnings is -0.25. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Retained Earnings in the same time period over historical financial statements of Steelcast Limited, assuming nothing else is changed. The correlation between historical values of Steelcast's Total Current Liabilities and Retained Earnings is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Current Liabilities of Steelcast Limited are associated (or correlated) with its Retained Earnings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Retained Earnings has no effect on the direction of Total Current Liabilities i.e., Steelcast's Total Current Liabilities and Retained Earnings go up and down completely randomly.
Correlation Coefficient | -0.25 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Total Current Liabilities
Total Current Liabilities is an item on Steelcast balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Steelcast Limited 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.
Retained Earnings
The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.
Most indicators from Steelcast's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Steelcast Limited 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 Steelcast Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in bureau of economic analysis.
The current year's
Selling General Administrative is expected to grow to about 432.8
M. The current year's
Tax Provision is expected to grow to about 272.3
MSteelcast fundamental ratios Correlations
Click cells to compare fundamentals
Steelcast Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Steelcast fundamental ratios Accounts
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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.
Other Information on Investing in Steelcast Stock
Balance Sheet is a snapshot of the
financial position of Steelcast Limited at a specified time, usually calculated after every quarter, six months, or one year. Steelcast Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Steelcast and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Steelcast currently owns. An asset can also be divided into two categories, current and non-current.