Compass Short Term Investments vs Total Assets Analysis

CDAQU Stock

USD 10.82 0.00 0.00%

Compass Digital financial indicator trend analysis is way more than just evaluating Compass Digital Acqu prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Compass Digital Acqu is a good investment. Please check the relationship between Compass Digital Short Term Investments and its Total Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Compass Digital Acquisition. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in producer price index.

Short Term Investments vs Total Assets

Short Term Investments vs Total Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Compass Digital Acqu Short Term Investments account and Total Assets. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Compass Digital's Short Term Investments and Total Assets is 0.94. Overlapping area represents the amount of variation of Short Term Investments that can explain the historical movement of Total Assets in the same time period over historical financial statements of Compass Digital Acquisition, assuming nothing else is changed. The correlation between historical values of Compass Digital's Short Term Investments and Total 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 Short Term Investments of Compass Digital Acquisition are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Short Term Investments i.e., Compass Digital's Short Term Investments and Total Assets go up and down completely randomly.

Correlation Coefficient

0.94

Relationship Direction	Positive
Relationship Strength	Very Strong

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Short Term Investments

Short Term Investments is an item under the current assets section of Compass Digital balance sheet. It contains any investments Compass Digital Acquisition undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that Compass Digital Acqu can easily liquidate in the marketplace.

Total Assets

Total assets refers to the total amount of Compass Digital assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Compass Digital Acqu books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

Most indicators from Compass Digital's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Compass Digital Acqu 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 Compass Digital Acquisition. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in producer price index.

Enterprise Value is likely to gain to about 281.4 M in 2024, whereas Selling General Administrative is likely to drop slightly above 66 K in 2024.

	2010	2022	2023	2024 (projected)
Other Operating Expenses	1.1M	1.2M	2.0M	1.6M
Interest Expense	372.3K	10.5M	12.1M	12.7M

Other Operating Expenses Interest Expense

Compass Digital fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Long Term Debt	Cash And Short Term Investments	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Current Assets	Other Stockholder Equity	Total Liab	Net Invested Capital	Total Current Assets	Capital Stock	Net Working Capital	Common Stock	Current Deferred Revenue	Short Term Debt	Short Term Investments
Total Assets		-0.65	0.59	-0.67	1.0	-0.92	-0.95	-0.45	0.93	1.0	-0.35	-0.7	0.93	0.95	0.94	0.99	0.73	0.94	-0.95	0.95	-0.97	0.79	1.0	-0.95	-0.95	0.94
Short Long Term Debt Total	-0.65		-0.99	1.0	-0.62	0.9	0.86	0.96	-0.88	-0.65	0.92	0.96	-0.88	-0.61	-0.87	-0.76	-0.99	-0.86	0.78	-0.86	0.7	-0.98	-0.64	0.64	0.64	-0.6
Other Current Liab	0.59	-0.99		-0.99	0.56	-0.86	-0.82	-0.98	0.84	0.58	-0.96	-0.93	0.84	0.57	0.83	0.71	0.98	0.82	-0.71	0.82	-0.63	0.96	0.58	-0.56	-0.56	0.57
Total Current Liabilities	-0.67	1.0	-0.99		-0.64	0.91	0.87	0.96	-0.89	-0.66	0.93	0.94	-0.89	-0.65	-0.88	-0.78	-0.99	-0.87	0.77	-0.87	0.7	-0.98	-0.66	0.63	0.63	-0.64
Total Stockholder Equity	1.0	-0.62	0.56	-0.64		-0.9	-0.93	-0.42	0.92	1.0	-0.32	-0.68	0.92	0.95	0.93	0.98	0.71	0.93	-0.94	0.94	-0.96	0.77	1.0	-0.95	-0.95	0.94
Net Debt	-0.92	0.9	-0.86	0.91	-0.9		1.0	0.76	-1.0	-0.92	0.69	0.9	-1.0	-0.87	-1.0	-0.97	-0.94	-1.0	0.95	-1.0	0.92	-0.97	-0.91	0.88	0.88	-0.87
Retained Earnings	-0.95	0.86	-0.82	0.87	-0.93	1.0		0.71	-1.0	-0.94	0.63	0.88	-1.0	-0.9	-1.0	-0.99	-0.91	-1.0	0.96	-1.0	0.95	-0.95	-0.94	0.91	0.91	-0.89
Accounts Payable	-0.45	0.96	-0.98	0.96	-0.42	0.76	0.71		-0.73	-0.44	0.99	0.86	-0.73	-0.46	-0.73	-0.58	-0.93	-0.72	0.58	-0.71	0.49	-0.9	-0.44	0.4	0.4	-0.46
Cash	0.93	-0.88	0.84	-0.89	0.92	-1.0	-1.0	-0.73		0.93	-0.65	-0.89	1.0	0.89	1.0	0.98	0.93	1.0	-0.96	1.0	-0.94	0.96	0.93	-0.9	-0.9	0.88
Non Current Assets Total	1.0	-0.65	0.58	-0.66	1.0	-0.92	-0.94	-0.44	0.93		-0.35	-0.7	0.93	0.95	0.94	0.99	0.73	0.94	-0.95	0.95	-0.97	0.79	1.0	-0.95	-0.95	0.94
Non Currrent Assets Other	-0.35	0.92	-0.96	0.93	-0.32	0.69	0.63	0.99	-0.65	-0.35		0.8	-0.65	-0.38	-0.65	-0.49	-0.88	-0.64	0.48	-0.63	0.38	-0.85	-0.34	0.3	0.3	-0.38
Long Term Debt	-0.7	0.96	-0.93	0.94	-0.68	0.9	0.88	0.86	-0.89	-0.7	0.8		-0.89	-0.58	-0.88	-0.8	-0.96	-0.88	0.87	-0.88	0.8	-0.95	-0.7	0.76	0.76	-0.57
Cash And Short Term Investments	0.93	-0.88	0.84	-0.89	0.92	-1.0	-1.0	-0.73	1.0	0.93	-0.65	-0.89		0.89	1.0	0.98	0.93	1.0	-0.96	1.0	-0.94	0.96	0.93	-0.9	-0.9	0.88
Common Stock Shares Outstanding	0.95	-0.61	0.57	-0.65	0.95	-0.87	-0.9	-0.46	0.89	0.95	-0.38	-0.58	0.89		0.89	0.94	0.69	0.9	-0.82	0.9	-0.85	0.75	0.95	-0.81	-0.81	1.0
Non Current Liabilities Total	0.94	-0.87	0.83	-0.88	0.93	-1.0	-1.0	-0.73	1.0	0.94	-0.65	-0.88	1.0	0.89		0.98	0.92	1.0	-0.96	1.0	-0.94	0.95	0.94	-0.9	-0.9	0.89
Other Current Assets	0.99	-0.76	0.71	-0.78	0.98	-0.97	-0.99	-0.58	0.98	0.99	-0.49	-0.8	0.98	0.94	0.98		0.83	0.98	-0.97	0.99	-0.97	0.88	0.99	-0.94	-0.94	0.93
Other Stockholder Equity	0.73	-0.99	0.98	-0.99	0.71	-0.94	-0.91	-0.93	0.93	0.73	-0.88	-0.96	0.93	0.69	0.92	0.83		0.92	-0.84	0.91	-0.77	1.0	0.73	-0.71	-0.71	0.69
Total Liab	0.94	-0.86	0.82	-0.87	0.93	-1.0	-1.0	-0.72	1.0	0.94	-0.64	-0.88	1.0	0.9	1.0	0.98	0.92		-0.96	1.0	-0.94	0.95	0.94	-0.9	-0.9	0.89
Net Invested Capital	-0.95	0.78	-0.71	0.77	-0.94	0.95	0.96	0.58	-0.96	-0.95	0.48	0.87	-0.96	-0.82	-0.96	-0.97	-0.84	-0.96		-0.96	0.99	-0.87	-0.94	0.98	0.98	-0.81
Total Current Assets	0.95	-0.86	0.82	-0.87	0.94	-1.0	-1.0	-0.71	1.0	0.95	-0.63	-0.88	1.0	0.9	1.0	0.99	0.91	1.0	-0.96		-0.95	0.94	0.95	-0.91	-0.91	0.89
Capital Stock	-0.97	0.7	-0.63	0.7	-0.96	0.92	0.95	0.49	-0.94	-0.97	0.38	0.8	-0.94	-0.85	-0.94	-0.97	-0.77	-0.94	0.99	-0.95		-0.82	-0.97	0.99	0.99	-0.84
Net Working Capital	0.79	-0.98	0.96	-0.98	0.77	-0.97	-0.95	-0.9	0.96	0.79	-0.85	-0.95	0.96	0.75	0.95	0.88	1.0	0.95	-0.87	0.94	-0.82		0.78	-0.76	-0.76	0.75
Common Stock	1.0	-0.64	0.58	-0.66	1.0	-0.91	-0.94	-0.44	0.93	1.0	-0.34	-0.7	0.93	0.95	0.94	0.99	0.73	0.94	-0.94	0.95	-0.97	0.78		-0.95	-0.95	0.94
Current Deferred Revenue	-0.95	0.64	-0.56	0.63	-0.95	0.88	0.91	0.4	-0.9	-0.95	0.3	0.76	-0.9	-0.81	-0.9	-0.94	-0.71	-0.9	0.98	-0.91	0.99	-0.76	-0.95		1.0	-0.8
Short Term Debt	-0.95	0.64	-0.56	0.63	-0.95	0.88	0.91	0.4	-0.9	-0.95	0.3	0.76	-0.9	-0.81	-0.9	-0.94	-0.71	-0.9	0.98	-0.91	0.99	-0.76	-0.95	1.0		-0.8
Short Term Investments	0.94	-0.6	0.57	-0.64	0.94	-0.87	-0.89	-0.46	0.88	0.94	-0.38	-0.57	0.88	1.0	0.89	0.93	0.69	0.89	-0.81	0.89	-0.84	0.75	0.94	-0.8	-0.8

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Compass Short Term Investments vs Total Assets Analysis

Short Term Investments vs Total Assets

Short Term Investments vs Total Assets Correlation Analysis

Correlation Coefficient

Short Term Investments

Total Assets

Compass Digital fundamental ratios Correlations

Compass Digital Account Relationship Matchups

High Positive Relationship

High Negative Relationship

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Total Stockholder Equity	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Total Assets
Common Stock	+ 1.0	Total Assets
Total Current Liabilities	+ 1.0	Short Long Term Debt Total
Non Current Assets Total	+ 1.0	Total Stockholder Equity
Common Stock	+ 1.0	Total Stockholder Equity

Total Current Assets	- 1.0	Retained Earnings
Total Liab	- 1.0	Retained Earnings
Non Current Liabilities Total	- 1.0	Retained Earnings
Cash And Short Term Investments	- 1.0	Retained Earnings
Cash	- 1.0	Retained Earnings
Total Current Assets	- 1.0	Net Debt