Alliance Total Liab vs Accounts Payable Analysis

ALM Stock

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Alliance Mining financial indicator trend analysis is way more than just evaluating Alliance Mining Corp prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Alliance Mining Corp is a good investment. Please check the relationship between Alliance Mining Total Liab and its Accounts Payable accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Alliance Mining 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.

Total Liab vs Accounts Payable

Total Liab vs Accounts Payable Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Alliance Mining Corp Total Liab account and Accounts Payable. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Alliance Mining's Total Liab and Accounts Payable is 0.85. Overlapping area represents the amount of variation of Total Liab that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of Alliance Mining Corp, assuming nothing else is changed. The correlation between historical values of Alliance Mining's Total 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 Total Liab of Alliance Mining Corp 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 Liab i.e., Alliance Mining's Total Liab and Accounts Payable go up and down completely randomly.

Correlation Coefficient

0.85

Relationship Direction	Positive
Relationship Strength	Strong

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Total Liab

The total amount of all liabilities that a company has, including both short-term and long-term liabilities.

Accounts Payable

An accounting item on the balance sheet that represents Alliance Mining 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 Alliance Mining 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.

Most indicators from Alliance Mining's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Alliance Mining 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 Alliance Mining 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 384.9 K in 2024. Issuance Of Capital Stock is expected to grow at the current pace this year

Alliance Mining fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Tangible Assets	Retained Earnings	Accounts Payable	Cash	Net Receivables	Other Stockholder Equity	Total Liab	Short Long Term Debt	Total Current Assets	Common Stock	Net Debt	Common Stock Shares Outstanding	Net Invested Capital	Net Working Capital	Capital Stock
Total Assets		-0.46	-0.63	0.65	0.67	0.6	-0.66	0.99	-0.88	0.23	-0.63	-0.68	1.0	-0.52	-0.7	-0.45	0.64	0.65	-0.47
Other Current Liab	-0.46		0.83	-0.9	-0.84	-0.92	0.52	-0.52	0.65	-0.33	0.83	0.79	-0.46	0.9	0.76	0.92	-0.9	-0.9	0.95
Total Current Liabilities	-0.63	0.83		-0.96	-0.95	-0.93	0.85	-0.68	0.7	-0.27	1.0	0.99	-0.63	0.95	0.97	0.91	-0.96	-0.96	0.87
Total Stockholder Equity	0.65	-0.9	-0.96		0.97	0.99	-0.82	0.69	-0.7	0.22	-0.96	-0.95	0.65	-0.93	-0.95	-0.87	1.0	1.0	-0.88
Net Tangible Assets	0.67	-0.84	-0.95	0.97		0.96	-0.77	0.72	-0.66	0.31	-0.95	-0.97	0.67	-0.9	-0.97	-0.83	0.96	0.97	-0.8
Retained Earnings	0.6	-0.92	-0.93	0.99	0.96		-0.76	0.64	-0.67	0.26	-0.93	-0.93	0.6	-0.92	-0.93	-0.86	0.99	0.99	-0.88
Accounts Payable	-0.66	0.52	0.85	-0.82	-0.77	-0.76		-0.64	0.61	0.03	0.85	0.86	-0.66	0.72	0.86	0.6	-0.82	-0.82	0.59
Cash	0.99	-0.52	-0.68	0.69	0.72	0.64	-0.64		-0.88	0.22	-0.68	-0.72	0.99	-0.56	-0.74	-0.53	0.68	0.69	-0.51
Net Receivables	-0.88	0.65	0.7	-0.7	-0.66	-0.67	0.61	-0.88		-0.35	0.7	0.71	-0.88	0.7	0.71	0.66	-0.7	-0.7	0.7
Other Stockholder Equity	0.23	-0.33	-0.27	0.22	0.31	0.26	0.03	0.22	-0.35		-0.27	-0.27	0.23	-0.45	-0.27	-0.34	0.22	0.22	-0.45
Total Liab	-0.63	0.83	1.0	-0.96	-0.95	-0.93	0.85	-0.68	0.7	-0.27		0.99	-0.63	0.95	0.97	0.91	-0.96	-0.96	0.87
Short Long Term Debt	-0.68	0.79	0.99	-0.95	-0.97	-0.93	0.86	-0.72	0.71	-0.27	0.99		-0.68	0.92	0.99	0.86	-0.95	-0.95	0.81
Total Current Assets	1.0	-0.46	-0.63	0.65	0.67	0.6	-0.66	0.99	-0.88	0.23	-0.63	-0.68		-0.52	-0.7	-0.45	0.64	0.65	-0.47
Common Stock	-0.52	0.9	0.95	-0.93	-0.9	-0.92	0.72	-0.56	0.7	-0.45	0.95	0.92	-0.52		0.9	0.95	-0.93	-0.93	0.96
Net Debt	-0.7	0.76	0.97	-0.95	-0.97	-0.93	0.86	-0.74	0.71	-0.27	0.97	0.99	-0.7	0.9		0.81	-0.94	-0.95	0.77
Common Stock Shares Outstanding	-0.45	0.92	0.91	-0.87	-0.83	-0.86	0.6	-0.53	0.66	-0.34	0.91	0.86	-0.45	0.95	0.81		-0.87	-0.87	0.95
Net Invested Capital	0.64	-0.9	-0.96	1.0	0.96	0.99	-0.82	0.68	-0.7	0.22	-0.96	-0.95	0.64	-0.93	-0.94	-0.87		1.0	-0.88
Net Working Capital	0.65	-0.9	-0.96	1.0	0.97	0.99	-0.82	0.69	-0.7	0.22	-0.96	-0.95	0.65	-0.93	-0.95	-0.87	1.0		-0.88
Capital Stock	-0.47	0.95	0.87	-0.88	-0.8	-0.88	0.59	-0.51	0.7	-0.45	0.87	0.81	-0.47	0.96	0.77	0.95	-0.88	-0.88

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Alliance Mining Account Relationship Matchups

Alliance Mining fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	4.9K	4.6K	5.7K	13.2K	4.7K	4.5K
Other Current Liab	48.7K	70.4K	1.7M	2.0M	2.3M	2.4M
Total Current Liabilities	1.6M	1.9M	2.1M	2.5M	3.1M	1.9M
Total Stockholder Equity	(1.6M)	(1.9M)	(2.1M)	(2.4M)	(3.1M)	(2.9M)
Net Tangible Assets	(1.6M)	(1.9M)	(2.1M)	(2.4M)	(2.2M)	(2.3M)
Retained Earnings	(6.4M)	(6.8M)	(7.6M)	(8.1M)	(8.7M)	(9.2M)
Accounts Payable	434.5K	488.7K	264.0K	283.2K	617.5K	380.8K
Cash	648.0	762.0	1.0K	212.0	252.0	239.4
Net Receivables	4.2K	3.9K	4.6K	4.2K	4.9K	4.4K
Total Liab	1.6M	1.9M	2.1M	2.5M	3.1M	1.9M
Short Long Term Debt	169.5K	190.9K	195.4K	219.3K	246.2K	184.5K
Total Current Assets	4.9K	4.6K	5.7K	13.2K	4.7K	4.5K
Net Debt	168.9K	190.1K	194.4K	219.1K	246.0K	188.2K
Net Invested Capital	(1.5M)	(1.7M)	(1.9M)	(2.2M)	(2.9M)	(2.7M)
Net Working Capital	(1.6M)	(1.9M)	(2.1M)	(2.4M)	(3.1M)	(2.9M)

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