Truscott Mining financial indicator trend analysis is much more than just breaking down Truscott Mining Corp prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Truscott Mining Corp is a good investment. Please check the relationship between Truscott Mining Total Revenue and its Total Current Liabilities accounts. Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in Truscott Mining Corp. 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.
Total Revenue vs Total Current Liabilities
Total Revenue vs Total Current Liabilities Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Truscott Mining Corp Total Revenue account and
Total Current Liabilities. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Truscott Mining's Total Revenue and Total Current Liabilities is -0.43. Overlapping area represents the amount of variation of Total Revenue that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of Truscott Mining Corp, assuming nothing else is changed. The correlation between historical values of Truscott Mining's Total Revenue 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 Total Revenue of Truscott Mining Corp 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 Total Revenue i.e., Truscott Mining's Total Revenue and Total Current Liabilities go up and down completely randomly.
Correlation Coefficient | -0.43 |
| Relationship Direction | Negative |
| Relationship Strength | Very Weak |
Total Revenue
Total revenue comprises all receipts Truscott Mining Corp generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.
Total Current Liabilities
Total Current Liabilities is an item on Truscott Mining balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Truscott Mining Corp 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 Truscott Mining's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Truscott Mining Corp 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 Truscott Mining Corp. 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.
Selling General Administrative is likely to drop to about 192.7
K in 2024.
Issuance Of Capital Stock is likely to drop to about 269.5
K in 2024
Truscott Mining fundamental ratios Correlations
Click cells to compare fundamentals
Truscott Mining Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Truscott Mining fundamental ratios Accounts
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Additional Tools for Truscott Stock Analysis
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measure Truscott Mining'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 Truscott Mining is operating at the current time. Most of Truscott Mining's value examination focuses on studying past and present price action to
predict the probability of Truscott Mining's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Truscott Mining's price. Additionally, you may evaluate how the addition of Truscott Mining to your portfolios can decrease your overall portfolio volatility.