| PCTTW Stock | | | USD 4.99 0.01 0.20% |
PureCycle Technologies financial indicator trend analysis is much more than just breaking down PureCycle Technologies prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether PureCycle Technologies is a good investment. Please check the relationship between PureCycle Technologies Cash and its Total Current Liabilities accounts. Check out
Your Equity Center to better understand how to build diversified portfolios, which includes a position in PureCycle Technologies. 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 PureCycle Stock please use our
How to Invest in PureCycle Technologies 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
PureCycle Technologies Cash account and
Total Current Liabilities. At this time, the significance of the direction appears to have almost identical trend.
The correlation between PureCycle Technologies' Cash and Total Current Liabilities is 0.91. 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 PureCycle Technologies, assuming nothing else is changed. The correlation between historical values of PureCycle Technologies' 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 PureCycle Technologies 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., PureCycle Technologies' Cash and Total Current Liabilities go up and down completely randomly.
Correlation Coefficient | 0.91 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Cash
Cash refers to the most liquid asset of PureCycle Technologies, which is listed under current asset account on PureCycle Technologies balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from PureCycle Technologies customers. The amounts must be unrestricted with restricted cash listed in a different PureCycle Technologies 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 PureCycle Technologies balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of PureCycle Technologies 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 PureCycle Technologies' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into PureCycle Technologies 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
Your Equity Center to better understand how to build diversified portfolios, which includes a position in PureCycle Technologies. 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 PureCycle Stock please use our
How to Invest in PureCycle Technologies guide.
Tax Provision is likely to climb to about 682.5
K in 2024, whereas
Selling General Administrative is likely to drop slightly above 46.3
M in 2024.
PureCycle Technologies fundamental ratios Correlations
Click cells to compare fundamentals
PureCycle Technologies Account Relationship Matchups
High Positive Relationship
High Negative Relationship
PureCycle Technologies fundamental ratios Accounts
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Additional Tools for PureCycle Stock Analysis
When running PureCycle Technologies' price analysis, check to
measure PureCycle Technologies' 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 PureCycle Technologies is operating at the current time. Most of PureCycle Technologies' value examination focuses on studying past and present price action to
predict the probability of PureCycle Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move PureCycle Technologies' price. Additionally, you may evaluate how the addition of PureCycle Technologies to your portfolios can decrease your overall portfolio volatility.