22nd Short Term Investments vs Total Current Assets Analysis
XXII Stock | USD 0.10 0.01 9.09% |
22nd Century financial indicator trend analysis is way more than just evaluating 22nd Century Group prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether 22nd Century Group is a good investment. Please check the relationship between 22nd Century Short Term Investments and its Total Current Assets accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in 22nd Century Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.
Short Term Investments vs Total Current Assets
Short Term Investments vs Total Current Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of 22nd Century Group Short Term Investments account and Total Current Assets. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between 22nd Century's Short Term Investments and Total Current Assets is -0.13. Overlapping area represents the amount of variation of Short Term Investments that can explain the historical movement of Total Current Assets in the same time period over historical financial statements of 22nd Century Group, assuming nothing else is changed. The correlation between historical values of 22nd Century's Short Term Investments and Total 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 Short Term Investments of 22nd Century Group are associated (or correlated) with its Total Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Assets has no effect on the direction of Short Term Investments i.e., 22nd Century's Short Term Investments and Total Current Assets go up and down completely randomly.
Correlation Coefficient | -0.13 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Short Term Investments
Short Term Investments is an item under the current assets section of 22nd Century balance sheet. It contains any investments 22nd Century Group undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that 22nd Century Group can easily liquidate in the marketplace.Total Current Assets
The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.Most indicators from 22nd Century's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into 22nd Century Group 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 Current Watchlist to better understand how to build diversified portfolios, which includes a position in 22nd Century Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product. As of now, 22nd Century's Selling General Administrative is increasing as compared to previous years. The 22nd Century's current Tax Provision is estimated to increase to about 49.4 K, while Issuance Of Capital Stock is projected to decrease to under 18.5 M.
2021 | 2022 | 2023 | 2024 (projected) | Depreciation And Amortization | 1.5M | 3.6M | 4.9M | 5.1M | Cost Of Revenue | 28.9M | 60.9M | 40.9M | 42.9M |
22nd Century fundamental ratios Correlations
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22nd Century Account Relationship Matchups
High Positive Relationship
High Negative Relationship
22nd Century fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 69.0M | 51.7M | 76.0M | 114.7M | 27.5M | 35.5M | |
Other Current Liab | 3.0M | 3.2M | 3.7M | 6.4M | 10.8M | 11.3M | |
Total Current Liabilities | 5.8M | 7.3M | 8.4M | 13.0M | 25.0M | 26.3M | |
Total Stockholder Equity | 62.1M | 44.1M | 66.1M | 96.0M | (8.4M) | (8.0M) | |
Property Plant And Equipment Net | 3.7M | 2.7M | 7.6M | 15.8M | 5.3M | 3.6M | |
Net Debt | 989.8K | (243K) | 1M | 3.7M | 14.3M | 15.0M | |
Retained Earnings | (125.7M) | (145.4M) | (178.0M) | (237.8M) | (378.7M) | (359.8M) | |
Accounts Payable | 2.0M | 1.1M | 2.2M | 4.2M | 4.4M | 4.7M | |
Cash | 485.1K | 1.0M | 1.3M | 3.0M | 2.1M | 2.7M | |
Non Current Assets Total | 26.2M | 23.4M | 21.6M | 70.0M | 11.2M | 13.5M | |
Non Currrent Assets Other | 5.6M | 5.9M | 3.7M | 3.6M | 15K | 14.3K | |
Cash And Short Term Investments | 39.0M | 22.3M | 48.7M | 21.2M | 2.1M | 2.0M | |
Common Stock Total Equity | 1.2K | 1.4K | 1K | 2K | 2.3K | 2.4K | |
Common Stock Shares Outstanding | 524.5K | 578.4K | 650.9K | 10.4M | 1.3M | 974.6K | |
Liabilities And Stockholders Equity | 69.0M | 51.7M | 76.0M | 114.7M | 27.5M | 35.5M | |
Non Current Liabilities Total | 1.1M | 241K | 1.5M | 5.7M | 10.9M | 11.4M | |
Other Stockholder Equity | 187.7M | 189.4M | 244.2M | 333.9M | 370.3M | 388.8M | |
Total Liab | 6.9M | 7.6M | 9.9M | 18.7M | 35.9M | 37.7M | |
Total Current Assets | 42.7M | 28.3M | 54.4M | 44.6M | 16.3M | 22.0M | |
Common Stock | 1.2K | 1.4K | 1K | 2K | 2.3K | 2.4K | |
Short Long Term Debt Total | 1.5M | 786K | 2.3M | 6.7M | 16.4M | 17.2M | |
Net Receivables | 866.9K | 2.2M | 585K | 5.6M | 1.7M | 1.0M | |
Other Current Assets | 648.1K | 3.4M | 4.4M | 7.7M | 8.2M | 8.6M | |
Short Term Debt | 800.5K | 1.0M | 1.2M | 1.6M | 6.9M | 7.2M | |
Inventory | 2.3M | 2.0M | 2.9M | 10.0M | 4.3M | 3.3M | |
Property Plant And Equipment Gross | 3.7M | 2.7M | 7.6M | 15.8M | 9.7M | 10.1M | |
Intangible Assets | 8.5M | 8.2M | 7.9M | 16.9M | 5.9M | 7.7M | |
Property Plant Equipment | 3.7M | 2.7M | 7.6M | 13.1M | 15.1M | 15.8M | |
Net Tangible Assets | 53.6M | 35.9M | 58.2M | 46.0M | 52.9M | 40.4M | |
Current Deferred Revenue | 4.9K | 272K | 119K | 831K | 726K | 762.3K | |
Retained Earnings Total Equity | (125.7M) | (145.4M) | (178.0M) | (237.8M) | (214.0M) | (203.3M) | |
Capital Surpluse | 187.7M | 189.4M | 244.2M | 333.9M | 384.0M | 403.2M | |
Accumulated Other Comprehensive Income | 21.4K | 7.1K | 74K | (162K) | (111K) | 0.0 | |
Long Term Investments | 8.4M | 12.4M | 2.3M | 682K | 784.3K | 745.1K | |
Short Long Term Debt | 580.7K | 539K | 596K | 908K | 6.4M | 6.7M |
Currently Active Assets on Macroaxis
When determining whether 22nd Century Group offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of 22nd Century's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of 22nd Century Group Stock. Outlined below are crucial reports that will aid in making a well-informed decision on 22nd Century Group Stock:Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in 22nd Century Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product. You can also try the Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.
Is Tobacco space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of 22nd Century. If investors know 22nd will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about 22nd Century listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (17.11) | Revenue Per Share 1.461 | Quarterly Revenue Growth (0.61) | Return On Assets (0.23) | Return On Equity 0.3628 |
The market value of 22nd Century Group is measured differently than its book value, which is the value of 22nd that is recorded on the company's balance sheet. Investors also form their own opinion of 22nd Century's value that differs from its market value or its book value, called intrinsic value, which is 22nd Century's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because 22nd Century's market value can be influenced by many factors that don't directly affect 22nd Century's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between 22nd Century's value and its price as these two are different measures arrived at by different means. Investors typically determine if 22nd Century is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, 22nd Century's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.