European Short Long Term Debt Total vs Total Current Liabilities Analysis

EWCZ Stock  USD 11.74  0.09  0.76%   
European Wax financial indicator trend analysis is much more than just examining European Wax Center latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether European Wax Center is a good investment. Please check the relationship between European Wax Short Long Term Debt Total and its Total Current Liabilities accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in European Wax Center. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

Short Long Term Debt Total vs Total Current Liabilities

Short Long Term Debt Total vs Total Current Liabilities Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of European Wax Center Short Long Term Debt Total account and Total Current Liabilities. At this time, the significance of the direction appears to have weak relationship.
The correlation between European Wax's Short Long Term Debt Total and Total Current Liabilities is 0.39. Overlapping area represents the amount of variation of Short Long Term Debt Total that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of European Wax Center, assuming nothing else is changed. The correlation between historical values of European Wax's Short Long Term Debt Total 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 Short Long Term Debt Total of European Wax Center 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 Short Long Term Debt Total i.e., European Wax's Short Long Term Debt Total and Total Current Liabilities go up and down completely randomly.

Correlation Coefficient

0.39
Relationship DirectionPositive 
Relationship StrengthVery Weak

Short Long Term Debt Total

Total Current Liabilities

Total Current Liabilities is an item on European Wax balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of European Wax Center 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 European Wax's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into European Wax Center 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 European Wax Center. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.
At this time, European Wax's Selling General Administrative is fairly stable compared to the past year. Sales General And Administrative To Revenue is likely to rise to 0.28 in 2024, despite the fact that Tax Provision is likely to grow to (46.8 M).
 2021 2022 2023 2024 (projected)
Interest Expense20.3M23.6M26.7M23.0M
Depreciation And Amortization20.7M20.2M20.2M21.2M

European Wax fundamental ratios Correlations

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-0.83-0.67-0.17-0.75-0.530.73-0.57-0.77-0.480.5-0.74-0.94-0.78-0.25-0.74-0.66-0.94-0.380.68-0.83-0.720.52-0.93-0.78-0.72
0.510.39-0.170.620.43-0.430.340.680.37-0.360.70.30.510.490.580.380.30.91-0.440.660.530.740.230.620.56
0.980.84-0.750.620.69-0.960.840.930.73-0.750.860.860.970.720.970.830.860.65-0.740.920.920.090.820.990.93
0.770.95-0.530.430.69-0.670.860.820.96-0.880.530.570.810.240.790.950.570.62-0.410.750.90.070.460.60.9
-0.96-0.860.73-0.43-0.96-0.67-0.91-0.85-0.750.76-0.7-0.86-0.94-0.79-0.93-0.85-0.86-0.430.62-0.82-0.910.04-0.84-0.95-0.91
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0.90.73-0.940.30.860.57-0.860.690.850.53-0.510.710.830.510.790.711.00.41-0.570.880.82-0.360.990.890.82
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0.620.45-0.250.490.720.24-0.790.620.520.37-0.390.40.510.590.60.440.510.24-0.280.470.570.320.540.750.57
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0.91.0-0.660.380.830.95-0.850.960.860.97-0.940.610.710.930.440.90.710.54-0.540.80.96-0.030.640.760.96
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0.610.54-0.380.910.650.62-0.430.410.790.52-0.510.810.410.620.240.680.540.41-0.590.790.640.520.310.620.66
-0.72-0.550.68-0.44-0.74-0.410.62-0.47-0.63-0.470.64-0.92-0.57-0.75-0.28-0.79-0.54-0.57-0.59-0.7-0.560.01-0.56-0.71-0.56
0.940.81-0.830.660.920.75-0.820.710.990.68-0.660.890.880.910.470.90.80.880.79-0.70.910.020.820.920.91
0.960.97-0.720.530.920.9-0.910.930.960.89-0.840.710.820.960.570.940.960.820.64-0.560.910.030.760.881.0
-0.05-0.030.520.740.090.070.040.020.080.1-0.10.13-0.360.00.320.09-0.03-0.360.520.010.020.03-0.420.050.05
0.860.65-0.930.230.820.46-0.840.640.780.45-0.440.670.990.780.540.740.640.990.31-0.560.820.76-0.420.870.75
0.960.77-0.780.620.990.6-0.950.770.920.62-0.650.850.890.930.750.930.760.890.62-0.710.920.880.050.870.89
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European Wax Account Relationship Matchups

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