Uranium Accounts Payable vs Total Current Assets Analysis

0LJQ Stock   7.75  0.22  2.76%   
Uranium Energy financial indicator trend analysis is much more than just breaking down Uranium Energy Corp prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Uranium Energy Corp is a good investment. Please check the relationship between Uranium Energy Accounts Payable and its Total Current Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Uranium Energy Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Accounts Payable vs Total Current Assets

Accounts Payable vs Total Current Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Uranium Energy Corp Accounts Payable account and Total Current Assets. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Uranium Energy's Accounts Payable and Total Current Assets is 0.84. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Total Current Assets in the same time period over historical financial statements of Uranium Energy Corp, assuming nothing else is changed. The correlation between historical values of Uranium Energy's Accounts Payable and Total Current 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 Accounts Payable of Uranium Energy Corp are associated (or correlated) with its Total Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Assets has no effect on the direction of Accounts Payable i.e., Uranium Energy's Accounts Payable and Total Current Assets go up and down completely randomly.

Correlation Coefficient

0.84
Relationship DirectionPositive 
Relationship StrengthStrong

Accounts Payable

An accounting item on the balance sheet that represents Uranium Energy obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Uranium Energy Corp are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.

Total Current Assets

The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.
Most indicators from Uranium Energy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Uranium Energy Corp 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 Uranium Energy Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Selling General Administrative is likely to drop to about 5.8 M in 2024. Tax Provision is likely to drop to -4,842 in 2024
 2021 2022 2023 2024 (projected)
Interest Expense1.5M805K827K320K
Depreciation And Amortization1.4M2.0M2.2M19.7K

Uranium Energy fundamental ratios Correlations

0.950.841.0-0.86-0.590.820.90.860.930.880.970.950.850.920.990.990.190.810.70.570.640.540.66-0.55-0.12
0.950.860.95-0.91-0.50.830.920.920.860.820.910.830.950.850.90.90.120.780.860.590.670.460.57-0.61-0.13
0.840.860.84-0.84-0.60.840.920.910.810.730.850.770.890.810.780.78-0.120.490.750.470.430.620.4-0.40.31
1.00.950.84-0.88-0.570.810.910.870.930.890.970.930.860.920.980.980.20.810.720.590.660.530.65-0.58-0.11
-0.86-0.91-0.84-0.880.34-0.77-0.96-0.89-0.73-0.71-0.8-0.69-0.9-0.74-0.8-0.8-0.16-0.59-0.79-0.55-0.64-0.33-0.460.760.0
-0.59-0.5-0.6-0.570.34-0.42-0.54-0.5-0.82-0.76-0.76-0.63-0.53-0.84-0.56-0.57-0.05-0.6-0.49-0.35-0.04-0.77-0.1-0.16-0.23
0.820.830.840.81-0.77-0.420.830.920.680.60.770.80.840.660.780.77-0.130.520.60.260.460.40.48-0.35-0.17
0.90.920.920.91-0.96-0.540.830.950.830.760.880.780.940.830.830.840.060.60.810.520.530.450.42-0.560.07
0.860.920.910.87-0.89-0.50.920.950.770.670.840.780.970.770.790.79-0.150.570.790.460.490.440.46-0.45-0.03
0.930.860.810.93-0.73-0.820.680.830.770.950.980.890.791.00.910.910.180.840.70.620.490.730.5-0.350.05
0.880.820.730.89-0.71-0.760.60.760.670.950.930.80.730.950.860.880.40.870.710.550.560.680.42-0.47-0.01
0.970.910.850.97-0.8-0.760.770.880.840.980.930.930.840.980.950.950.170.830.720.580.540.660.55-0.41-0.02
0.950.830.770.93-0.69-0.630.80.780.780.890.80.930.710.870.970.960.090.740.50.450.490.540.68-0.3-0.14
0.850.950.890.86-0.9-0.530.840.940.970.790.730.840.710.790.760.76-0.050.650.920.540.550.480.4-0.51-0.01
0.920.850.810.92-0.74-0.840.660.830.771.00.950.980.870.790.890.90.190.830.710.610.470.720.48-0.350.07
0.990.90.780.98-0.8-0.560.780.830.790.910.860.950.970.760.891.00.230.80.590.540.620.520.7-0.52-0.14
0.990.90.780.98-0.8-0.570.770.840.790.910.880.950.960.760.91.00.250.810.60.550.630.530.7-0.53-0.14
0.190.12-0.120.2-0.16-0.05-0.130.06-0.150.180.40.170.09-0.050.190.230.250.370.09-0.090.24-0.16-0.13-0.41-0.23
0.810.780.490.81-0.59-0.60.520.60.570.840.870.830.740.650.830.80.810.370.660.580.620.530.55-0.45-0.38
0.70.860.750.72-0.79-0.490.60.810.790.70.710.720.50.920.710.590.60.090.660.570.570.450.24-0.540.02
0.570.590.470.59-0.55-0.350.260.520.460.620.550.580.450.540.610.540.55-0.090.580.570.670.610.65-0.530.05
0.640.670.430.66-0.64-0.040.460.530.490.490.560.540.490.550.470.620.630.240.620.570.670.380.75-0.8-0.31
0.540.460.620.53-0.33-0.770.40.450.440.730.680.660.540.480.720.520.53-0.160.530.450.610.380.39-0.050.32
0.660.570.40.65-0.46-0.10.480.420.460.50.420.550.680.40.480.70.7-0.130.550.240.650.750.39-0.46-0.31
-0.55-0.61-0.4-0.580.76-0.16-0.35-0.56-0.45-0.35-0.47-0.41-0.3-0.51-0.35-0.52-0.53-0.41-0.45-0.54-0.53-0.8-0.05-0.460.16
-0.12-0.130.31-0.110.0-0.23-0.170.07-0.030.05-0.01-0.02-0.14-0.010.07-0.14-0.14-0.23-0.380.020.05-0.310.32-0.310.16
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Uranium Energy Account Relationship Matchups

Uranium Energy fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets91.4M169.5M354.2M737.6M889.8M107.5K
Other Current Liab178.9K1.9M6.5M6.6M14.2M16.8K
Total Current Liabilities2.0M13.3M8.5M12.2M29.2M323.3K
Total Stockholder Equity64.4M151.5M326.9M631.8M778.1M(215.8K)
Net Debt15.0M(34.0M)(31.4M)(44.3M)(87.5M)(107.2K)
Retained Earnings(276.8M)(291.6M)(286.4M)(289.7M)(318.9M)(2.2M)
Accounts Payable1.9M1.3M2.0M5.6M15.0M306.5K
Cash5.1M44.3M32.5M45.6M87.5M107.2K
Cash And Short Term Investments5.1M44.3M32.5M45.6M156.3M107.2K
Common Stock Shares Outstanding183.0M210.3M271.0M364.8M397.3M26.3M
Liabilities And Stockholders Equity91.4M169.5M354.2M737.6M889.8M107.5K
Other Current Assets1.2M1.6M3.1M3.4M3.1M19.8K
Other Stockholder Equity341.2M442.0M613.2M924.7M1.1B15.7M
Total Liab27.0M18.1M27.3M105.8M111.7M323.3K
Total Current Assets6.6M75.0M102.2M55.2M235.2M107.5K
Common Stock184.6K236.8K289K378K410K20.5K
Property Plant And Equipment Net70.7M71.1M202.2M585.3M578.0M205.0K
Non Current Assets Total84.8M94.5M252.1M682.4M654.6M205.0K
Other Assets2.6M2.0M10.9M10.3M(205.0K)(194.8K)
Net Receivables1.1M102.02.9M2.7M2.5M255.1K
Accumulated Other Comprehensive Income(120.2K)493.2K(186K)(3.6M)(13.8M)(650K)
Non Currrent Assets Other2.6M2.6M10.9M10.3M11.2M11.8M
Intangible Assets71.1M63.5M63.7M63.8M73.4M47.5M
Non Current Liabilities Total24.9M4.8M18.8M93.6M82.5M86.6M
Short Long Term Debt Total20.2M10.3M1.2M1.3M2.6M2.5M
Other Liab4.8M4.8M17.9M92.3M106.1M111.4M
Net Tangible Assets64.4M151.5M326.9M631.8M726.6M762.9M
Long Term Debt9.5M19.6M20.2M66.0K59.4K56.4K
Capital Surpluse308.1M336.0M341.1M442.0M508.3M374.0M
Property Plant Equipment70.7M71.1M202.2M585.3M673.1M706.7M

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