Skillful Total Current Liabilities vs Net Working Capital Analysis
EDTK Stock | USD 1.10 0.09 8.91% |
Skillful Craftsman financial indicator trend analysis is much more than just breaking down Skillful Craftsman prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Skillful Craftsman is a good investment. Please check the relationship between Skillful Craftsman Total Current Liabilities and its Net Working Capital accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Skillful Craftsman Education. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as various price indices.
Total Current Liabilities vs Net Working Capital
Total Current Liabilities vs Net Working Capital Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Skillful Craftsman Total Current Liabilities account and Net Working Capital. At this time, the significance of the direction appears to have pay attention.
The correlation between Skillful Craftsman's Total Current Liabilities and Net Working Capital is -0.97. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Net Working Capital in the same time period over historical financial statements of Skillful Craftsman Education, assuming nothing else is changed. The correlation between historical values of Skillful Craftsman's Total Current Liabilities and Net Working Capital 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 Skillful Craftsman Education are associated (or correlated) with its Net Working Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Working Capital has no effect on the direction of Total Current Liabilities i.e., Skillful Craftsman's Total Current Liabilities and Net Working Capital go up and down completely randomly.
Correlation Coefficient | -0.97 |
Relationship Direction | Negative |
Relationship Strength | Significant |
Total Current Liabilities
Total Current Liabilities is an item on Skillful Craftsman balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Skillful Craftsman Education 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.Net Working Capital
Most indicators from Skillful Craftsman's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Skillful Craftsman 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Skillful Craftsman Education. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as various price indices. At this time, Skillful Craftsman's Sales General And Administrative To Revenue is quite stable compared to the past year. Enterprise Value is expected to rise to about 15.9 M this year, although the value of Tax Provision will most likely fall to about 361.6 K.
2021 | 2022 | 2023 | 2024 (projected) | Depreciation And Amortization | 12.0M | 10.0M | 11.5M | 9.7M | Interest Income | 66.3K | 70.9K | 63.8K | 58.0K |
Skillful Craftsman fundamental ratios Correlations
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Skillful Craftsman Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Skillful Craftsman fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 45.7M | 59.2M | 73.1M | 43.6M | 50.2M | 54.1M | |
Other Current Liab | 17.5M | 1.3M | 908.2K | 1.4M | 1.3M | 1.2M | |
Total Current Liabilities | 17.8M | 13.3M | 8.0M | 3.0M | 2.7M | 2.6M | |
Total Stockholder Equity | 27.9M | 45.6M | 50.3M | 27.0M | 31.0M | 33.1M | |
Net Tangible Assets | 1.2M | 8.6M | 25.1M | 30.3M | 34.9M | 36.6M | |
Property Plant And Equipment Net | 12.3M | 13.7M | 10.7M | 254.1K | 228.7K | 217.3K | |
Current Deferred Revenue | 16.7M | 11.5M | 6.9M | 1.4M | 1.2M | 1.2M | |
Net Debt | (11.9M) | (17.5M) | (9.0M) | (7.1M) | (6.4M) | (6.7M) | |
Retained Earnings | 27.7M | 30.4M | 29.0M | 8.1M | 9.3M | 8.9M | |
Accounts Payable | 249.1K | 113.7K | 77.3K | 21.9K | 19.7K | 18.7K | |
Cash | 11.9M | 17.5M | 23.8M | 21.0M | 24.1M | 16.4M | |
Non Current Assets Total | 31.6M | 34.2M | 45.6M | 19.1M | 22.0M | 34.3M | |
Non Currrent Assets Other | (31.6M) | 28.4K | (45.6M) | (19.1M) | (22.0M) | (23.1M) | |
Cash And Short Term Investments | 11.9M | 17.5M | 23.8M | 21.0M | 24.1M | 16.4M | |
Net Receivables | 78.8K | 5.8M | 285.3K | 492.9K | 566.9K | 538.5K | |
Common Stock Shares Outstanding | 9M | 11.0M | 13.7M | 14.9M | 17.1M | 13.5M | |
Liabilities And Stockholders Equity | 45.7M | 59.2M | 73.1M | 43.6M | 50.2M | 54.1M | |
Non Current Liabilities Total | 50.9K | 312.9K | 14.8M | 13.7M | 15.7M | 16.5M | |
Inventory | 899.1K | 2.0M | (5.7M) | 1.0 | 0.9 | 0.95 | |
Other Current Assets | 2.0M | 1.8M | 3.4M | 3.0M | 3.5M | 2.0M | |
Other Stockholder Equity | 213.5K | 13.4M | 18.1M | 19.1M | 21.9M | 23.0M | |
Total Liab | 17.8M | 13.6M | 22.8M | 16.7M | 15.0M | 15.3M | |
Net Invested Capital | 27.9M | 45.6M | 65.1M | 40.6M | 46.7M | 38.4M | |
Property Plant And Equipment Gross | 12.3M | 13.7M | 21.9M | 20.4M | 23.5M | 15.3M | |
Total Current Assets | 14.0M | 25.0M | 27.5M | 24.5M | 28.2M | 19.8M | |
Accumulated Other Comprehensive Income | (660.7K) | 1.7M | 3.2M | (216.0K) | (248.5K) | (236.0K) | |
Net Working Capital | (3.8M) | 11.7M | 19.5M | 21.5M | 24.8M | 26.0M | |
Short Term Debt | 16.7M | 448.5K | 166.4K | 224.8K | 202.3K | 192.2K | |
Intangible Assets | 19.3M | 20.4M | 19.9M | 4.6M | 4.1M | 3.9M | |
Property Plant Equipment | 14.0M | 12.3M | 13.7M | 10.7M | 12.3M | 11.4M |
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Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Skillful Craftsman Education. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as various price indices. You can also try the Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.
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Is Skillful Craftsman'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 Skillful Craftsman. If investors know Skillful 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 Skillful Craftsman 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 (0.23) | Earnings Share (1.22) | Revenue Per Share 0.364 | Quarterly Revenue Growth (0.80) | Return On Assets (0.06) |
The market value of Skillful Craftsman is measured differently than its book value, which is the value of Skillful that is recorded on the company's balance sheet. Investors also form their own opinion of Skillful Craftsman's value that differs from its market value or its book value, called intrinsic value, which is Skillful Craftsman'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 Skillful Craftsman's market value can be influenced by many factors that don't directly affect Skillful Craftsman'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 Skillful Craftsman's value and its price as these two are different measures arrived at by different means. Investors typically determine if Skillful Craftsman is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Skillful Craftsman'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.