Splash Retained Earnings vs Non Current Liabilities Total Analysis
SBEV Stock | USD 0.26 0.01 4.00% |
Splash Beverage financial indicator trend analysis is much more than just breaking down Splash Beverage Group prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Splash Beverage Group is a good investment. Please check the relationship between Splash Beverage Retained Earnings and its Non Current Liabilities Total accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Splash Beverage 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 income.
Retained Earnings vs Non Current Liabilities Total
Retained Earnings vs Non Current Liabilities Total Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Splash Beverage Group Retained Earnings account and Non Current Liabilities Total. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Splash Beverage's Retained Earnings and Non Current Liabilities Total is -0.59. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Non Current Liabilities Total in the same time period over historical financial statements of Splash Beverage Group, assuming nothing else is changed. The correlation between historical values of Splash Beverage's Retained Earnings and Non Current Liabilities Total is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Retained Earnings of Splash Beverage Group are associated (or correlated) with its Non Current Liabilities Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Liabilities Total has no effect on the direction of Retained Earnings i.e., Splash Beverage's Retained Earnings and Non Current Liabilities Total go up and down completely randomly.
Correlation Coefficient | -0.59 |
Relationship Direction | Negative |
Relationship Strength | Very Weak |
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.Non Current Liabilities Total
Most indicators from Splash Beverage's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Splash Beverage 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Splash Beverage 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 income. At this time, Splash Beverage's Selling General Administrative is fairly stable compared to the past year. Discontinued Operations is likely to climb to about 355.7 K in 2024, despite the fact that Enterprise Value Over EBITDA is likely to grow to (2.08).
2021 | 2022 | 2023 | 2024 (projected) | Total Operating Expenses | 31.7M | 27.3M | 14.7M | 9.5M | Cost Of Revenue | 8.7M | 12.2M | 19.5M | 20.4M |
Splash Beverage fundamental ratios Correlations
Click cells to compare fundamentals
Splash Beverage Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Splash Beverage fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Common Stock Shares Outstanding | 13.7M | 6.2M | 28.9M | 37.4M | 42.4M | 44.6M | |
Total Assets | 426.1K | 9.2M | 16.4M | 17.3M | 9.9M | 6.0M | |
Short Long Term Debt Total | 291.3K | 4.4M | 4.6M | 4.4M | 9.1M | 9.6M | |
Total Current Liabilities | 643.1K | 5.4M | 6.8M | 5.0M | 14.8M | 15.5M | |
Total Stockholder Equity | (219.1K) | (102.0K) | 8.9M | 9.3M | (5.6M) | (5.3M) | |
Property Plant And Equipment Net | 43.8K | 981.3K | 1.6M | 1.2M | 905.9K | 604.8K | |
Net Debt | 268.0K | 4.0M | 466.3K | (65.8K) | 8.8M | 9.2M | |
Retained Earnings | (725.4K) | (61.6M) | (90.6M) | (112.3M) | (133.3M) | (126.7M) | |
Accounts Payable | 353.8K | 1.5M | 1.9M | 3.4M | 4.4M | 4.7M | |
Cash | 23.3K | 380K | 4.2M | 4.4M | 380.0K | 361.0K | |
Non Current Assets Total | 43.8K | 7.0M | 8.0M | 6.6M | 5.9M | 3.1M | |
Cash And Short Term Investments | 23.3K | 380K | 4.2M | 4.4M | 380.0K | 361.0K | |
Net Receivables | 309.6K | 575.8K | 1.2M | 2.2M | 1.1M | 659.3K | |
Common Stock Total Equity | 243.5K | 245.5K | 345.5K | 9.3M | 10.7M | 11.2M | |
Liabilities And Stockholders Equity | 426.1K | 9.2M | 16.4M | 17.3M | 9.9M | 6.0M | |
Non Current Liabilities Total | 2.1K | 3.9M | 732.7K | 3.0M | 753.8K | 936.4K | |
Inventory | 30.6K | 798.3K | 1.9M | 3.7M | 2.3M | 2.4M | |
Total Liab | 645.2K | 9.3M | 7.5M | 8.0M | 15.5M | 16.3M | |
Property Plant And Equipment Gross | 43.8K | 981.3K | 3.2M | 2.9M | 2.7M | 2.9M | |
Total Current Assets | 382.2K | 2.2M | 8.3M | 10.7M | 4.0M | 2.9M | |
Accumulated Other Comprehensive Income | (92.9K) | (1.0) | (9.2M) | (20.5K) | (16.6K) | (17.4K) | |
Short Term Debt | 289.3K | 2.5M | 3.9M | 1.3M | 8.4M | 8.8M | |
Common Stock | 345.5K | 9.3M | 33.6K | 41.1K | 44.3K | 42.1K | |
Other Current Liab | 551.7K | 591.6K | 389.1K | 233.4K | 1.9M | 2.0M | |
Current Deferred Revenue | (331.0K) | (551.7K) | 811.7K | 562.0K | 646.2K | 678.6K | |
Long Term Debt | 2.1K | 1.9M | 300K | 2.5M | 457.7K | 721.5K | |
Other Stockholder Equity | 160.8K | 52.2M | 99.5M | 121.6M | 127.7M | 134.1M | |
Short Long Term Debt | 270.5K | 2.4M | 3.6M | 1.1M | 8.3M | 8.7M | |
Net Tangible Assets | (7.8M) | (9.8M) | (15.2M) | 3.0M | 3.5M | 3.6M | |
Net Invested Capital | 53.5K | 4.2M | 12.5M | 12.9M | 3.2M | 5.2M | |
Net Working Capital | (260.9K) | (3.2M) | 1.6M | 5.7M | (10.8M) | (10.2M) | |
Property Plant Equipment | 34.5K | 199.7K | 761.8K | 1.6M | 1.8M | 1.9M | |
Capital Stock | 345.5K | 9.3M | 33.6K | 41.1K | 44.3K | 42.1K |
Pair Trading with Splash Beverage
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Splash Beverage position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Splash Beverage will appreciate offsetting losses from the drop in the long position's value.Moving together with Splash Stock
Moving against Splash Stock
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The ability to find closely correlated positions to Splash Beverage could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Splash Beverage when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Splash Beverage - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Splash Beverage Group to buy it.
The correlation of Splash Beverage is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Splash Beverage moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Splash Beverage Group moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Splash Beverage can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Splash Stock Analysis
When running Splash Beverage's price analysis, check to measure Splash Beverage'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 Splash Beverage is operating at the current time. Most of Splash Beverage's value examination focuses on studying past and present price action to predict the probability of Splash Beverage's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Splash Beverage's price. Additionally, you may evaluate how the addition of Splash Beverage to your portfolios can decrease your overall portfolio volatility.