Papaya Total Current Liabilities vs Total Current Assets Analysis
| PPYA Stock | USD 10.99 0.22 1.96% |
Papaya Growth financial indicator trend analysis is much more than just breaking down Papaya Growth Opportunity prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Papaya Growth Opportunity is a good investment. Please check the relationship between Papaya Growth Total Current Liabilities and its Total Current Assets accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Papaya Growth Opportunity. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in manufacturing.
Total Current Liabilities vs Total Current Assets
Total Current Liabilities vs Total Current Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Papaya Growth Opportunity Total Current Liabilities account and Total Current Assets. At this time, the significance of the direction appears to have strong relationship.
The correlation between Papaya Growth's Total Current Liabilities and Total Current Assets is 0.75. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Total Current Assets in the same time period over historical financial statements of Papaya Growth Opportunity, assuming nothing else is changed. The correlation between historical values of Papaya Growth's Total Current Liabilities 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 Total Current Liabilities of Papaya Growth Opportunity 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 Total Current Liabilities i.e., Papaya Growth's Total Current Liabilities and Total Current Assets go up and down completely randomly.
Correlation Coefficient | 0.75 |
| Relationship Direction | Positive |
| Relationship Strength | Significant |
Total Current Liabilities
Total Current Liabilities is an item on Papaya Growth balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Papaya Growth Opportunity 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 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 Papaya Growth's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Papaya Growth Opportunity 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 Equity Center to better understand how to build diversified portfolios, which includes a position in Papaya Growth Opportunity. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in manufacturing. The current year's Enterprise Value is expected to grow to about 339.7 M, whereas Selling General Administrative is forecasted to decline to about 1.5 M.
| 2010 | 2023 | 2024 (projected) | Net Interest Income | 497.1K | 5.3M | 3.2M | Tax Provision | 639.0K | 2.2M | 1.6M |
Papaya Growth fundamental ratios Correlations
Click cells to compare fundamentals
Papaya Growth Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Papaya Growth Opportunity. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in manufacturing. You can also try the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.
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When running Papaya Growth's price analysis, check to measure Papaya Growth'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 Papaya Growth is operating at the current time. Most of Papaya Growth's value examination focuses on studying past and present price action to predict the probability of Papaya Growth's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Papaya Growth's price. Additionally, you may evaluate how the addition of Papaya Growth to your portfolios can decrease your overall portfolio volatility.
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Is Papaya Growth's industry 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 Papaya Growth. If investors know Papaya 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 Papaya Growth listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.02) | Earnings Share 0.76 | Return On Assets (0.01) |
The market value of Papaya Growth Opportunity is measured differently than its book value, which is the value of Papaya that is recorded on the company's balance sheet. Investors also form their own opinion of Papaya Growth's value that differs from its market value or its book value, called intrinsic value, which is Papaya Growth'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 Papaya Growth's market value can be influenced by many factors that don't directly affect Papaya Growth'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 Papaya Growth's value and its price as these two are different measures arrived at by different means. Investors typically determine if Papaya Growth is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Papaya Growth'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.