| CNTY Stock | | | USD 2.64 0.02 0.76% |
Century Casinos financial indicator trend analysis is way more than just evaluating Century Casinos prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Century Casinos is a good investment. Please check the relationship between Century Casinos Cash and its Total Current Liabilities accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Century Casinos. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in estimate.
For more information on how to buy Century Stock please use our
How to Invest in Century Casinos guide.
Cash vs Total Current Liabilities
Cash vs Total Current Liabilities Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Century Casinos Cash account and
Total Current Liabilities. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Century Casinos' Cash and Total Current Liabilities is 0.93. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of Century Casinos, assuming nothing else is changed. The correlation between historical values of Century Casinos' Cash and Total Current Liabilities is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash of Century Casinos are associated (or correlated) with its Total Current Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Liabilities has no effect on the direction of Cash i.e., Century Casinos' Cash and Total Current Liabilities go up and down completely randomly.
Correlation Coefficient | 0.93 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Cash
Cash refers to the most liquid asset of Century Casinos, which is listed under current asset account on Century Casinos balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Century Casinos customers. The amounts must be unrestricted with restricted cash listed in a different Century Casinos account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.
Total Current Liabilities
Total Current Liabilities is an item on Century Casinos balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Century Casinos 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.
Most indicators from Century Casinos' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Century Casinos 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
Trending Equities to better understand how to build diversified portfolios, which includes a position in Century Casinos. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in estimate.
For more information on how to buy Century Stock please use our
How to Invest in Century Casinos guide.At this time, Century Casinos'
Selling General Administrative is fairly stable compared to the past year.
Sales General And Administrative To Revenue is likely to rise to 0.39 in 2024, despite the fact that
Tax Provision is likely to grow to (835
K).
Century Casinos fundamental ratios Correlations
Click cells to compare fundamentals
Century Casinos Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Century Casinos fundamental ratios Accounts
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
Additional Tools for Century Stock Analysis
When running Century Casinos' price analysis, check to
measure Century Casinos' 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 Century Casinos is operating at the current time. Most of Century Casinos' value examination focuses on studying past and present price action to
predict the probability of Century Casinos' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Century Casinos' price. Additionally, you may evaluate how the addition of Century Casinos to your portfolios can decrease your overall portfolio volatility.