Zapp Total Current Liabilities vs Total Assets Analysis
| ZAPPW Stock | 0.01 0.0003 3.00% |
Zapp Electric financial indicator trend analysis is more than just analyzing Zapp Electric Vehicles current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Zapp Electric Vehicles is a good investment. Please check the relationship between Zapp Electric Total Current Liabilities and its Total Assets accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Zapp Electric Vehicles. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.
Total Current Liabilities vs Total Assets
Total Current Liabilities vs Total Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Zapp Electric Vehicles Total Current Liabilities account and Total Assets. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Zapp Electric's Total Current Liabilities and Total Assets is 0.84. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Total Assets in the same time period over historical financial statements of Zapp Electric Vehicles, assuming nothing else is changed. The correlation between historical values of Zapp Electric's Total Current Liabilities and Total 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 Total Current Liabilities of Zapp Electric Vehicles are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Total Current Liabilities i.e., Zapp Electric's Total Current Liabilities and Total Assets go up and down completely randomly.
Correlation Coefficient | 0.84 |
| Relationship Direction | Positive |
| Relationship Strength | Strong |
Total Current Liabilities
Total Current Liabilities is an item on Zapp Electric balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Zapp Electric Vehicles 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.Total Assets
Total assets refers to the total amount of Zapp Electric assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Zapp Electric Vehicles books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.Most indicators from Zapp Electric's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Zapp Electric Vehicles 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 Zapp Electric Vehicles. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey. Selling General Administrative is likely to drop to about 3.7 M in 2024. Issuance Of Capital Stock is expected to grow at the current pace this year
| 2010 | 2022 | 2023 | 2024 (projected) | Interest Expense | 289.0K | 305.5K | 561.0K | 423.7K | Interest Income | 1.1K | 2.7K | 9.3K | 4.8K |
Zapp Electric fundamental ratios Correlations
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Zapp Electric Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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When running Zapp Electric's price analysis, check to measure Zapp Electric'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 Zapp Electric is operating at the current time. Most of Zapp Electric's value examination focuses on studying past and present price action to predict the probability of Zapp Electric's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Zapp Electric's price. Additionally, you may evaluate how the addition of Zapp Electric to your portfolios can decrease your overall portfolio volatility.