Versus Total Current Liabilities vs Other Current Assets Analysis

VS Stock

USD 1.40 0.02 1.41%

Versus Systems financial indicator trend analysis is much more than just breaking down Versus Systems prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Versus Systems is a good investment. Please check the relationship between Versus Systems Total Current Liabilities and its Other Current Assets accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Versus Systems. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state.

For more information on how to buy Versus Stock please use our How to Invest in Versus Systems guide.

Total Current Liabilities vs Other Current Assets

Total Current Liabilities vs Other Current Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Versus Systems Total Current Liabilities account and Other Current Assets. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Versus Systems' Total Current Liabilities and Other Current Assets is 0.54. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Other Current Assets in the same time period over historical financial statements of Versus Systems, assuming nothing else is changed. The correlation between historical values of Versus Systems' Total Current Liabilities and Other 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 Versus Systems are associated (or correlated) with its Other Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Assets has no effect on the direction of Total Current Liabilities i.e., Versus Systems' Total Current Liabilities and Other Current Assets go up and down completely randomly.

Correlation Coefficient

0.54

Relationship Direction	Positive
Relationship Strength	Weak

View All Relationships

Total Current Liabilities

Total Current Liabilities is an item on Versus Systems balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Versus Systems 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.

Other Current Assets

Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.

Most indicators from Versus Systems' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Versus Systems 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 Versus Systems. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state.

For more information on how to buy Versus Stock please use our How to Invest in Versus Systems guide.At this time, Versus Systems' Issuance Of Capital Stock is comparatively stable compared to the past year. Enterprise Value Over EBITDA is likely to gain to 0.46 in 2024, despite the fact that Sales General And Administrative To Revenue is likely to grow to (1.24).

	2022	2023	2024 (projected)
Research Development	699.5K	1.1M	802.2K
Reconciled Depreciation	3.2M	2.5M	2.9M

Research Development Reconciled Depreciation

Versus Systems fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Common Stock	Other Current Assets	Short Term Debt	Other Current Liab	Inventory	Current Deferred Revenue
Total Assets		0.53	0.72	0.93	0.18	0.08	-0.49	0.54	0.39	0.93	-0.4	0.39	0.34	0.41	0.72	0.27	-0.31	0.53	0.68	0.47	0.47	0.9	0.64	0.03	0.79	0.23
Short Long Term Debt Total	0.53		0.65	0.56	0.52	0.23	-0.58	0.8	0.57	0.33	-0.47	0.57	0.64	0.45	0.67	0.73	-0.62	0.82	0.72	0.63	0.31	0.37	0.68	0.19	0.18	-0.21
Total Current Liabilities	0.72	0.65		0.56	0.45	0.48	-0.37	0.77	0.17	0.69	-0.11	0.17	0.78	0.46	0.65	0.59	-0.07	0.83	0.61	0.29	0.35	0.54	0.55	0.24	0.46	0.11
Total Stockholder Equity	0.93	0.56	0.56		0.0	-0.22	-0.68	0.37	0.65	0.75	-0.5	0.65	0.21	0.38	0.81	0.15	-0.6	0.35	0.73	0.7	0.54	0.93	0.81	-0.02	0.69	0.26
Property Plant And Equipment Net	0.18	0.52	0.45	0.0		0.68	0.07	0.6	-0.18	0.25	0.15	-0.18	0.47	0.23	0.08	0.69	0.09	0.72	0.53	-0.11	-0.04	0.0	-0.05	0.17	0.2	0.05
Net Debt	0.08	0.23	0.48	-0.22	0.68		0.37	0.61	-0.66	0.34	0.32	-0.66	0.35	0.1	-0.1	0.75	0.53	0.71	0.07	-0.58	-0.26	-0.09	-0.4	0.24	0.11	-0.06
Retained Earnings	-0.49	-0.58	-0.37	-0.68	0.07	0.37		-0.18	-0.76	-0.23	0.23	-0.76	-0.17	-0.66	-0.79	-0.18	0.63	-0.21	-0.65	-0.76	-0.8	-0.48	-0.84	0.42	-0.11	-0.04
Accounts Payable	0.54	0.8	0.77	0.37	0.6	0.61	-0.18		0.13	0.51	-0.21	0.13	0.78	0.42	0.35	0.72	-0.13	0.95	0.41	0.23	0.11	0.27	0.32	0.25	0.32	-0.21
Cash	0.39	0.57	0.17	0.65	-0.18	-0.66	-0.76	0.13		0.03	-0.61	1.0	0.26	0.26	0.63	-0.1	-0.89	0.05	0.5	0.99	0.46	0.41	0.9	-0.03	0.1	-0.06
Non Current Assets Total	0.93	0.33	0.69	0.75	0.25	0.34	-0.23	0.51	0.03		-0.19	0.03	0.23	0.33	0.53	0.32	0.01	0.53	0.54	0.11	0.33	0.83	0.33	0.03	0.82	0.28
Non Currrent Assets Other	-0.4	-0.47	-0.11	-0.5	0.15	0.32	0.23	-0.21	-0.61	-0.19		-0.61	-0.11	0.14	-0.49	-0.1	0.7	-0.13	-0.3	-0.6	0.0	-0.4	-0.55	-0.41	-0.08	0.42
Cash And Short Term Investments	0.39	0.57	0.17	0.65	-0.18	-0.66	-0.76	0.13	1.0	0.03	-0.61		0.26	0.26	0.63	-0.1	-0.89	0.05	0.5	0.99	0.46	0.41	0.9	-0.03	0.1	-0.06
Net Receivables	0.34	0.64	0.78	0.21	0.47	0.35	-0.17	0.78	0.26	0.23	-0.11	0.26		0.3	0.28	0.42	-0.11	0.74	0.32	0.37	0.1	0.1	0.44	0.38	0.17	-0.09
Common Stock Total Equity	0.41	0.45	0.46	0.38	0.23	0.1	-0.66	0.42	0.26	0.33	0.14	0.26	0.3		0.45	0.33	-0.09	0.41	0.42	0.3	0.89	0.26	0.4	-0.6	0.1	-0.1
Common Stock Shares Outstanding	0.72	0.67	0.65	0.81	0.08	-0.1	-0.79	0.35	0.63	0.53	-0.49	0.63	0.28	0.45		0.43	-0.62	0.44	0.83	0.66	0.6	0.73	0.87	-0.01	0.26	0.01
Non Current Liabilities Total	0.27	0.73	0.59	0.15	0.69	0.75	-0.18	0.72	-0.1	0.32	-0.1	-0.1	0.42	0.33	0.43		-0.1	0.87	0.52	-0.04	0.06	0.15	0.14	0.19	0.01	-0.21
Other Stockholder Equity	-0.31	-0.62	-0.07	-0.6	0.09	0.53	0.63	-0.13	-0.89	0.01	0.7	-0.89	-0.11	-0.09	-0.62	-0.1		-0.11	-0.56	-0.87	-0.27	-0.43	-0.78	-0.17	-0.07	0.05
Total Liab	0.53	0.82	0.83	0.35	0.72	0.71	-0.21	0.95	0.05	0.53	-0.13	0.05	0.74	0.41	0.44	0.87	-0.11		0.56	0.15	0.12	0.3	0.31	0.28	0.3	-0.11
Property Plant And Equipment Gross	0.68	0.72	0.61	0.73	0.53	0.07	-0.65	0.41	0.5	0.54	-0.3	0.5	0.32	0.42	0.83	0.52	-0.56	0.56		0.55	0.5	0.69	0.7	0.04	0.44	0.27
Total Current Assets	0.47	0.63	0.29	0.7	-0.11	-0.58	-0.76	0.23	0.99	0.11	-0.6	0.99	0.37	0.3	0.66	-0.04	-0.87	0.15	0.55		0.47	0.45	0.93	0.02	0.17	-0.04
Common Stock	0.47	0.31	0.35	0.54	-0.04	-0.26	-0.8	0.11	0.46	0.33	0.0	0.46	0.1	0.89	0.6	0.06	-0.27	0.12	0.5	0.47		0.45	0.58	-0.6	0.16	0.05
Other Current Assets	0.9	0.37	0.54	0.93	0.0	-0.09	-0.48	0.27	0.41	0.83	-0.4	0.41	0.1	0.26	0.73	0.15	-0.43	0.3	0.69	0.45	0.45		0.63	0.12	0.79	0.45
Short Term Debt	0.64	0.68	0.55	0.81	-0.05	-0.4	-0.84	0.32	0.9	0.33	-0.55	0.9	0.44	0.4	0.87	0.14	-0.78	0.31	0.7	0.93	0.58	0.63		0.04	0.26	0.03
Other Current Liab	0.03	0.19	0.24	-0.02	0.17	0.24	0.42	0.25	-0.03	0.03	-0.41	-0.03	0.38	-0.6	-0.01	0.19	-0.17	0.28	0.04	0.02	-0.6	0.12	0.04		0.16	0.05
Inventory	0.79	0.18	0.46	0.69	0.2	0.11	-0.11	0.32	0.1	0.82	-0.08	0.1	0.17	0.1	0.26	0.01	-0.07	0.3	0.44	0.17	0.16	0.79	0.26	0.16		0.64
Current Deferred Revenue	0.23	-0.21	0.11	0.26	0.05	-0.06	-0.04	-0.21	-0.06	0.28	0.42	-0.06	-0.09	-0.1	0.01	-0.21	0.05	-0.11	0.27	-0.04	0.05	0.45	0.03	0.05	0.64

Click cells to compare fundamentals

Versus Systems Account Relationship Matchups

Versus Systems fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	3.1M	5.6M	18.5M	8.8M	4.9M	5.0M
Short Long Term Debt Total	4.5M	5.3M	3.2M	2.7M	3.1M	3.3M
Total Current Liabilities	998.1K	4.0M	3.4M	3.3M	321.5K	305.4K
Total Stockholder Equity	2.4M	4.8M	22.6M	11.9M	11.9M	12.5M
Property Plant And Equipment Net	726.5K	490.9K	326.9K	172.8K	1.9K	1.8K
Net Debt	4.5M	2.9M	1.5M	1.6M	(4.7M)	(4.5M)
Retained Earnings	(81.5M)	(89.6M)	(101.0M)	(125.2M)	(135.4M)	(128.7M)
Accounts Payable	342.2K	561.6K	386.0K	138.3K	82.6K	78.5K
Cash	75.9K	2.3M	1.7M	1.2M	4.7M	4.9M
Non Current Assets Total	3.0M	2.4M	16.2M	7.3M	10.6K	10.1K
Non Currrent Assets Other	108.2K	109.2K	109.1K	108.5K	8.7K	8.2K
Cash And Short Term Investments	75.9K	2.3M	1.7M	1.2M	4.7M	4.9M
Net Receivables	34.0K	473.6K	123.6K	60.7K	18.2K	17.3K
Common Stock Shares Outstanding	468.8K	648.3K	952.8K	1.7M	912.7K	958.4K
Liabilities And Stockholders Equity	3.1M	5.6M	18.5M	8.8M	4.9M	5.0M
Total Liab	5.3M	6.8M	4.5M	3.3M	321.5K	305.4K
Property Plant And Equipment Gross	949.0K	625.9K	1.1M	1.2M	773.5K	734.8K
Total Current Assets	131.4K	3.2M	2.4M	1.5M	4.9M	5.1M
Common Stock	76.2M	85.3M	110.3M	122.4M	147.1M	75.3M
Other Current Assets	21.6K	18.6K	377.9K	223.2K	160.5K	98.8K
Accumulated Other Comprehensive Income	7.5M	9.0M	10.7M	14.7M	248.3K	235.9K
Other Current Liab	404.5K	924.3K	446.4K	383.7K	203.8K	303.1K
Inventory	(0.81)	1.0	174.8K	0.76	0.26	0.25
Net Tangible Assets	336.0K	3.8M	6.8M	4.8M	5.5M	5.8M
Intangible Assets	2.1M	1.8M	9.2M	7.1M	8.1M	4.7M
Property Plant Equipment	949.0K	625.9K	326.9K	172.8K	198.8K	348.3K
Net Invested Capital	8.0M	12.0M	25.4M	14.5M	11.9M	13.5M
Net Working Capital	(1.1M)	(1.0M)	(1.0M)	(1.9M)	4.5M	4.8M
Capital Stock	76.2M	85.3M	110.3M	122.4M	147.1M	111.6M

Pair Trading with Versus Systems

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 Versus Systems 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 Versus Systems will appreciate offsetting losses from the drop in the long position's value.

Moving together with Versus Stock

0.75	U	Unity Software	Pair Corr
0.76	AI	C3 Ai Inc Financial Report 29th of May 2024	Pair Corr

Moving against Versus Stock

0.67	DSGX	Descartes Systems Financial Report 29th of May 2024	Pair Corr
0.61	ML	MoneyLion	Pair Corr
0.48	DOCU	DocuSign Financial Report 13th of June 2024	Pair Corr
0.47	DPSI	DecisionPoint Systems Financial Report 20th of May 2024	Pair Corr

The ability to find closely correlated positions to Versus Systems could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Versus Systems 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 Versus Systems - 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 Versus Systems to buy it.

The correlation of Versus Systems 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 Versus Systems moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Versus Systems 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 Versus Systems 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.

Pair Correlation Correlation Matching

When determining whether Versus Systems is a strong investment it is important to analyze Versus Systems' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Versus Systems' future performance. For an informed investment choice regarding Versus Stock, refer to the following important reports:

How To Invest In Versus

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Is Versus Stock a good investment?

Details

What is Versus Systems' Net Worth?

Details

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Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Versus Systems. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state.

For more information on how to buy Versus Stock please use our How to Invest in Versus Systems guide.

You can also try the Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.

Complementary Tools for Versus Stock analysis

When running Versus Systems' price analysis, check to measure Versus Systems' 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 Versus Systems is operating at the current time. Most of Versus Systems' value examination focuses on studying past and present price action to predict the probability of Versus Systems' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Versus Systems' price. Additionally, you may evaluate how the addition of Versus Systems to your portfolios can decrease your overall portfolio volatility.

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Is Versus Systems' 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 Versus Systems. If investors know Versus 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 Versus Systems listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Earnings Share

(10.44)

Revenue Per Share

0.297

Quarterly Revenue Growth

(0.84)

Return On Assets

(0.67)

Return On Equity

(2.26)

The market value of Versus Systems is measured differently than its book value, which is the value of Versus that is recorded on the company's balance sheet. Investors also form their own opinion of Versus Systems' value that differs from its market value or its book value, called intrinsic value, which is Versus Systems' 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 Versus Systems' market value can be influenced by many factors that don't directly affect Versus Systems' 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 Versus Systems' value and its price as these two are different measures arrived at by different means. Investors typically determine if Versus Systems is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Versus Systems' 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.

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Versus Total Current Liabilities vs Other Current Assets Analysis

Total Current Liabilities vs Other Current Assets

Total Current Liabilities vs Other Current Assets Correlation Analysis

Correlation Coefficient

Total Current Liabilities

Other Current Assets

Versus Systems fundamental ratios Correlations

Versus Systems Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Versus Systems fundamental ratios Accounts

Pair Trading with Versus Systems

Moving together with Versus Stock

Moving against Versus Stock

Complementary Tools for Versus Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 1.0	Cash
Total Current Assets	+ 0.99	Cash
Total Current Assets	+ 0.99	Cash And Short Term Investments
Total Liab	+ 0.95	Accounts Payable
Total Stockholder Equity	+ 0.93	Total Assets
Non Current Assets Total	+ 0.93	Total Assets

Other Stockholder Equity	- 0.89	Cash And Short Term Investments
Other Stockholder Equity	- 0.89	Cash
Total Current Assets	- 0.87	Other Stockholder Equity
Short Term Debt	- 0.84	Retained Earnings
Common Stock	- 0.8	Retained Earnings
Common Stock Shares Outstanding	- 0.79	Retained Earnings