| ABDX Stock | | | 7.25 0.50 6.45% |
Abingdon Health financial indicator trend analysis is way more than just evaluating Abingdon Health Plc prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Abingdon Health Plc is a good investment. Please check the relationship between Abingdon Health Cash and its Accounts Payable accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Abingdon Health Plc. 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.
Cash vs Accounts Payable
Cash vs Accounts Payable Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Abingdon Health Plc Cash account and
Accounts Payable. At this time, the significance of the direction appears to have strong relationship.
The correlation between Abingdon Health's Cash and Accounts Payable is 0.79. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of Abingdon Health Plc, assuming nothing else is changed. The correlation between historical values of Abingdon Health's Cash 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 Cash of Abingdon Health Plc 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 Cash i.e., Abingdon Health's Cash and Accounts Payable go up and down completely randomly.
Correlation Coefficient | 0.79 |
| Relationship Direction | Positive |
| Relationship Strength | Significant |
Cash
Cash refers to the most liquid asset of Abingdon Health Plc, which is listed under current asset account on Abingdon Health Plc balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Abingdon Health customers. The amounts must be unrestricted with restricted cash listed in a different Abingdon Health 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.
Accounts Payable
An accounting item on the balance sheet that represents Abingdon Health 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 Abingdon Health Plc 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 Abingdon Health's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Abingdon Health Plc 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 Abingdon Health Plc. 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.
Tax Provision is likely to gain to about (465.3
K) in 2024.
Selling General Administrative is likely to drop to about 3.5
M in 2024
Abingdon Health fundamental ratios Correlations
Click cells to compare fundamentals
Abingdon Health Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Abingdon Health fundamental ratios Accounts
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