Angstrom Total Current Liabilities vs Accounts Payable Analysis

AGTT Stock  USD 0.16  0.01  6.67%   
Angstrom Technologies financial indicator trend analysis is way more than just evaluating Angstrom Technologies prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Angstrom Technologies is a good investment. Please check the relationship between Angstrom Technologies 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 Angstrom 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 Angstrom Stock please use our How to Invest in Angstrom Technologies guide.

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 Angstrom Technologies Total Current Liabilities account and Accounts Payable. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Angstrom Technologies' Total Current Liabilities and Accounts Payable is 0.91. 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 Angstrom Technologies, assuming nothing else is changed. The correlation between historical values of Angstrom Technologies' 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 Angstrom Technologies 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., Angstrom Technologies' Total Current Liabilities and Accounts Payable go up and down completely randomly.

Correlation Coefficient

0.91
Relationship DirectionPositive 
Relationship StrengthVery Strong

Total Current Liabilities

Total Current Liabilities is an item on Angstrom 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 Angstrom 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.

Accounts Payable

An accounting item on the balance sheet that represents Angstrom Technologies 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 Angstrom Technologies 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 Angstrom Technologies' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Angstrom 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Angstrom 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 Angstrom Stock please use our How to Invest in Angstrom Technologies guide.At this time, Angstrom Technologies' Selling General Administrative is comparatively stable compared to the past year. Enterprise Value Over EBITDA is likely to gain to 2.46 in 2024, despite the fact that Enterprise Value is likely to grow to (915.9 K).
 2010 2011 2023 2024 (projected)
Gross Profit948.2K712.9K641.6K681.5K
Total Revenue1.5M1.2M1.1M1.1M

Angstrom Technologies fundamental ratios Correlations

Angstrom Technologies Account Relationship Matchups

Thematic Opportunities

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Additional Tools for Angstrom Stock Analysis

When running Angstrom Technologies' price analysis, check to measure Angstrom 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 Angstrom Technologies is operating at the current time. Most of Angstrom Technologies' value examination focuses on studying past and present price action to predict the probability of Angstrom Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Angstrom Technologies' price. Additionally, you may evaluate how the addition of Angstrom Technologies to your portfolios can decrease your overall portfolio volatility.