688391 Total Current Liabilities vs Accounts Payable Analysis
| 688391 Stock | 31.38 0.29 0.92% |
Hi Trend financial indicator trend analysis is much more than just examining Hi Trend TechCo latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Hi Trend TechCo is a good investment. Please check the relationship between Hi Trend Total Current Liabilities and its Accounts Payable accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Hi Trend TechCo. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.
Total Current Liabilities vs Accounts Payable
Total Current Liabilities vs Accounts Payable Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Hi Trend TechCo Total Current Liabilities account and Accounts Payable. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Hi Trend's Total Current Liabilities and Accounts Payable is 0.97. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of Hi Trend TechCo, assuming nothing else is changed. The correlation between historical values of Hi Trend's Total Current Liabilities 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 Total Current Liabilities of Hi Trend TechCo 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 Total Current Liabilities i.e., Hi Trend's Total Current Liabilities and Accounts Payable go up and down completely randomly.
Correlation Coefficient | 0.97 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Total Current Liabilities
Total Current Liabilities is an item on Hi Trend balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Hi Trend TechCo 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.Accounts Payable
An accounting item on the balance sheet that represents Hi Trend 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 Hi Trend TechCo 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 Hi Trend's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Hi Trend TechCo 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 Hi Trend TechCo. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation. The current year's Selling General Administrative is expected to grow to about 15.9 M, whereas Tax Provision is projected to grow to (11.2 M).
| 2021 | 2022 | 2023 | 2024 (projected) | Interest Income | 1.1M | 8.1M | 3.8M | 3.8M | Net Interest Income | 952.7K | 7.9M | 3.3M | 3.5M |
Hi Trend fundamental ratios Correlations
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Hi Trend Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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Other Information on Investing in 688391 Stock
Balance Sheet is a snapshot of the financial position of Hi Trend TechCo at a specified time, usually calculated after every quarter, six months, or one year. Hi Trend Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Hi Trend 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 688391 currently owns. An asset can also be divided into two categories, current and non-current.