Metallurgical Other Liab vs Accounts Payable Analysis

601618 Stock   3.45  0.02  0.58%   
Metallurgical financial indicator trend analysis is infinitely more than just investigating Metallurgical recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Metallurgical is a good investment. Please check the relationship between Metallurgical Other Liab and its Accounts Payable accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Metallurgical of. 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.

Other Liab vs Accounts Payable

Other Liab vs Accounts Payable Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Metallurgical Other Liab account and Accounts Payable. At this time, the significance of the direction appears to have strong relationship.
The correlation between Metallurgical's Other Liab and Accounts Payable is 0.65. Overlapping area represents the amount of variation of Other Liab that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of Metallurgical of, assuming nothing else is changed. The correlation between historical values of Metallurgical's Other Liab and Accounts Payable is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Liab of Metallurgical of are associated (or correlated) with its Accounts Payable. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Accounts Payable has no effect on the direction of Other Liab i.e., Metallurgical's Other Liab and Accounts Payable go up and down completely randomly.

Correlation Coefficient

0.65
Relationship DirectionPositive 
Relationship StrengthSignificant

Other Liab

Accounts Payable

An accounting item on the balance sheet that represents Metallurgical 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 Metallurgical 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.
Most indicators from Metallurgical's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Metallurgical 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 Metallurgical of. 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.
At present, Metallurgical's Selling General Administrative is projected to decrease significantly based on the last few years of reporting. The current year's Tax Provision is expected to grow to about 2.5 B, whereas Issuance Of Capital Stock is forecasted to decline to about 5.1 B.
 2021 2022 2023 2024 (projected)
Gross Profit53.1B57.2B61.4B46.5B
Total Revenue500.6B592.7B633.9B420.0B

Metallurgical fundamental ratios Correlations

0.191.00.990.920.960.990.60.720.980.25-0.06-0.88-0.730.450.911.00.920.880.271.00.730.970.87-0.870.99
0.190.150.170.150.370.25-0.560.420.18-0.630.220.05-0.650.840.390.130.30.540.40.190.390.070.05-0.120.13
1.00.150.990.930.960.990.620.70.980.3-0.05-0.88-0.710.420.91.00.920.870.271.00.720.960.88-0.881.0
0.990.170.990.90.970.980.590.710.990.30.01-0.85-0.710.420.930.990.920.890.320.990.740.940.89-0.860.99
0.920.150.930.90.840.90.650.640.860.32-0.2-0.8-0.680.410.750.930.80.760.120.930.570.90.83-0.840.92
0.960.370.960.970.840.970.410.790.970.130.09-0.78-0.80.570.970.950.950.950.430.960.810.880.85-0.830.95
0.990.250.990.980.90.970.550.720.980.16-0.08-0.87-0.750.490.920.980.910.90.260.990.720.960.82-0.840.98
0.6-0.560.620.590.650.410.550.170.540.6-0.27-0.77-0.21-0.170.380.640.380.21-0.290.60.120.690.59-0.680.66
0.720.420.70.710.640.790.720.170.70.030.05-0.47-0.710.540.70.70.860.780.680.740.90.570.74-0.740.66
0.980.180.980.990.860.970.980.540.70.260.03-0.83-0.70.390.930.980.920.910.320.980.740.940.84-0.820.98
0.25-0.630.30.30.320.130.160.60.030.260.29-0.260.11-0.530.060.330.230.040.180.240.20.230.55-0.360.3
-0.060.22-0.050.01-0.20.09-0.08-0.270.050.030.290.25-0.25-0.10.16-0.040.060.260.59-0.090.28-0.210.12-0.01-0.05
-0.880.05-0.88-0.85-0.8-0.78-0.87-0.77-0.47-0.83-0.260.250.56-0.37-0.73-0.88-0.73-0.610.0-0.88-0.51-0.95-0.740.83-0.89
-0.73-0.65-0.71-0.71-0.68-0.8-0.75-0.21-0.71-0.70.11-0.250.56-0.7-0.79-0.7-0.69-0.87-0.38-0.73-0.65-0.64-0.590.74-0.71
0.450.840.420.420.410.570.49-0.170.540.39-0.53-0.1-0.37-0.70.560.40.540.590.270.470.480.40.33-0.470.4
0.910.390.90.930.750.970.920.380.70.930.060.16-0.73-0.790.560.890.890.930.370.90.720.830.77-0.790.91
1.00.131.00.990.930.950.980.640.70.980.33-0.04-0.88-0.70.40.890.910.860.270.990.720.960.89-0.881.0
0.920.30.920.920.80.950.910.380.860.920.230.06-0.73-0.690.540.890.910.890.550.920.880.820.9-0.860.89
0.880.540.870.890.760.950.90.210.780.910.040.26-0.61-0.870.590.930.860.890.520.870.810.770.73-0.730.86
0.270.40.270.320.120.430.26-0.290.680.320.180.590.0-0.380.270.370.270.550.520.280.840.070.5-0.30.21
1.00.191.00.990.930.960.990.60.740.980.24-0.09-0.88-0.730.470.90.990.920.870.280.740.970.87-0.880.99
0.730.390.720.740.570.810.720.120.90.740.20.28-0.51-0.650.480.720.720.880.810.840.740.590.8-0.680.67
0.970.070.960.940.90.880.960.690.570.940.23-0.21-0.95-0.640.40.830.960.820.770.070.970.590.77-0.820.97
0.870.050.880.890.830.850.820.590.740.840.550.12-0.74-0.590.330.770.890.90.730.50.870.80.77-0.90.86
-0.87-0.12-0.88-0.86-0.84-0.83-0.84-0.68-0.74-0.82-0.36-0.010.830.74-0.47-0.79-0.88-0.86-0.73-0.3-0.88-0.68-0.82-0.9-0.87
0.990.131.00.990.920.950.980.660.660.980.3-0.05-0.89-0.710.40.911.00.890.860.210.990.670.970.86-0.87
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Metallurgical Account Relationship Matchups

Metallurgical fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets458.5B506.4B543.5B585.4B661.6B529.2B
Other Current Liab174.6B206.1B223.2B19.1B27.0B25.6B
Total Current Liabilities305.9B331.8B358.9B385.8B448.8B354.4B
Total Stockholder Equity97.9B97.9B107.5B121.1B145.5B106.0B
Other Liab6.9B6.5B7.6B7.3B8.4B7.4B
Net Tangible Assets67.6B82.0B80.2B86.6B99.5B76.2B
Retained Earnings28.9B34.5B40.6B45.1B49.9B33.7B
Accounts Payable64.2B69.2B83.5B224.3B272.1B285.7B
Cash43.7B53.1B41.8B45.5B44.4B48.3B
Other Assets36.1B37.4B44.3B57.5B66.1B37.4B
Long Term Debt28.9B26.4B25.6B30.1B37.5B33.4B
Net Receivables214.0B69.4B83.9B93.4B130.0B104.4B
Good Will161.5M160.9M55.9M54.3M50.1M47.6M
Inventory60.6B60.6B61.8B79.9B80.1B67.2B
Other Current Assets27.0B36.6B48.3B12.4B17.5B26.3B
Other Stockholder Equity15.7B25.9B20.2B23.5B27.0B19.4B
Total Liab341.6B366.0B392.1B423.5B493.6B395.7B
Deferred Long Term Liab269.7M265.9M295.6M293.8M337.9M294.6M
Short Long Term Debt40.5B29.3B21.4B20.2B28.2B25.7B
Total Current Assets347.4B389.3B412.3B438.2B484.1B404.7B
Intangible Assets15.8B17.5B20.9B22.0B22.8B19.5B
Property Plant Equipment30.8B31.1B30.1B30.1B27.1B25.3B
Non Current Assets Total111.1B117.1B131.2B147.2B177.5B130.7B
Non Currrent Assets Other171.3M201.7M240.4M7.1B14.7B15.5B
Short Term Investments2.2B2.3B1.1M178.0M2.0M1.9M
Non Current Liabilities Total35.7B34.2B33.2B37.6B44.8B41.3B
Non Current Liabilities Other832.5M791.9M1.9B2.2B2.2B1.3B
Net Debt25.7B2.6B5.1B4.8B21.2B13.9B
Net Invested Capital167.3B153.6B154.4B171.4B211.2B184.6B
Net Working Capital41.5B57.5B53.4B52.4B35.3B51.0B

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Other Information on Investing in Metallurgical Stock

Balance Sheet is a snapshot of the financial position of Metallurgical at a specified time, usually calculated after every quarter, six months, or one year. Metallurgical Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Metallurgical and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Metallurgical currently owns. An asset can also be divided into two categories, current and non-current.